We operated as an equipment leasing and finance program in which the capital our beneficial owners invested was pooled together to make investments, pay fees and establish a small reserve. We primarily acquired equipment subject to lease, purchased equipment and leased it to third-party end users or financed equipment for third parties and, to a lesser degree, acquired ownership rights to items of leased equipment at lease expiration. Some of our equipment leases were acquired for cash and were expected to provide current cash flow, which we refer to as “income” leases. For our other equipment leases, we financed the majority of the purchase price through borrowings from third parties. We refer to these leases as “growth” leases. These growth leases generated little or no current cash flow because substantially all of the rental payments we received from the lessee were used to service the indebtedness associated with acquiring or financing the lease. For these leases, we anticipated that the future value of the leased equipment would exceed our cash portion of the purchase price.
Company profile
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Latest filings (excl ownership)
8-K
Regulation FD Disclosure
28 Dec 20
10-K
2019 FY
Annual report
17 Mar 20
UPLOAD
Letter from SEC
30 Jan 20
CORRESP
Correspondence with SEC
14 Jan 20
UPLOAD
Letter from SEC
23 Dec 19
10-K
2018 FY
Annual report
25 Mar 19
10-Q
2018 Q3
Quarterly report
13 Nov 18
10-Q
2018 Q2
Quarterly report
15 Aug 18
10-Q
2018 Q1
Quarterly report
15 May 18
10-K
2017 FY
Annual report
30 Mar 18
Latest ownership filings
No filings