First Financial Delivers 48% Growth in New Business Volume; Maintains Strong Position Among Independent Lessors

May 15, 2012 10:15 pm

First Financial Delivers 48% Growth in New Business Volume;
Maintains Strong Position Among Independent Lessors

Placentia, CA – May 15, 2012 – First Financial Corporate Services, Inc. (FFCSI), a premier provider of medical, material handling and IT equipment leasing solutions, announces growth of 48% in new business volume from 2010 to 2011. The company’s $111 million in 2011 was an aggressive jump in activity from the $75 million accomplished the previous year.

FFCSI was also recognized for its consistent strength and growth in employee productivity. Using volume per employee as a measure of productivity, FFCSI claimed the 7th spot on the Monitor Top Private Independent’s productivity ranking with approximately $3.8 million per employee – a full $2.0 million more per employee than the average for the group.

Co-founder and CEO, Richard Stebbins, attributes this most recent achievement to the hard work and new relationships cultivated by the company’s employees. “Despite a lackluster level of corporate spending throughout the US, we generated double-digit growth in 2011 and further established our position as a top independent lessor. This consistent growth is a reflection of our continued strength and leadership within the industry.”

For more than 10 years, FFCSI has been a trusted provider of medical, IT, and material handling equipment leasing to commercial clients and hospitals throughout the U.S. FFCSI delivers flexible and cost-effective financing solutions for a broad range of equipment types, designed to help its clients manage equipment lifecycles and maximize the cost-effectiveness of capital acquisitions.

About Monitor
Each year, the Monitor publishes a number of exclusive reports on significant segments of the equipment finance and leasing industry in the U.S. Published in March/April, 2011 the report ranks FFCSI 14th in new business volume, with a 48% increase. The company also ranked 7th in employee productivity.

The Monitor’s Top Private Independent’s is comprised of equipment leasing and finance companies that are ranked by annual funded new business volume. All companies included in this report are privately owned and operated in the U.S., independent of a parent or other entity with controlling interest.