Key Developments For Marlin Business Services Corp.
Marlin Business Services Corp. (MRLN.O) (Nasdaq)
Marlin Business Services Corp. Closes on $75 Million Three-Year Facility With Wells Fargo Foothill
Marlin Business Services Corp. announced that its affiliate, Marlin Receivables Corp., has closed on a $75,000,000 three-year committed funding facility with the Lender Finance division of Wells Fargo Foothill, part of Wells Fargo & Company. The facility will be used by Marlin to fund its growth, increasing its ability to extend flexible equipment financing options to thousands of small and medium-sized businesses nationwide.
Marlin Business Services Corp. Partners With Advanced Data Systems Corp.
Marlin Business Services Corp. announced its new partnership with Advanced Data Systems (ADS) as a preferred financing source for providing equipment lease programs to physicians. The affiliation allows Marlin to provide financing options for ADS clients to lease healthcare automation solutions which include the 2008 CCHIT Certified MedicsDocAssistant Electronic Health Records (EHR) system, the MedicsPremier automated Practice Management system, MedicsRIS for Radiology, and any ADS-supplied hardware. Marlin's "Bridge to Stimulus" program includes a 90-day deferred financing offer followed by a very straightforward payment schedule.
Marlin Business Services Corp. Partners With McIntosh Laboratory For Retailer Lease Financing Program
Marlin Business Services Corp. announced that it has been selected by D&M Holdings Inc.'s McIntosh Laboratory as its preferred financing source for providing equipment leases to retail customers. The agreement allows the Company to provide financing options for select McIntosh retail customers to lease in-store demonstration components. Designed to ease the financial burden on McIntosh dealers and make it easier for them to bring more of the Company's display products to their sales floors, the program will provide an attractive 90-day deferred financing offer followed by a schedule of equal payments.
Marlin Business Services Corp. Extends Leasing Program With Hobart
Marlin Business Services Corp. announced the extension of their special leasing program with Hobart Corporation.
Marlin Business Services Corp. Extends Credit Pact To Extend Until March 30, 2010-DJ
Dow Jones reported that, Marlin Business Services Corp. said that its Marlin Leasing Corp. unit entered into an amendment to its warehouse financing facility that extends the termination date of the facility to March 30, 2010. Marlin Leasing also amended its revolving bank facility to extended the termination date to June 29 and reduce the facility amount to the current outstanding balance of $4.94 million.
