Six months after launching its FlexLease Program, TPine Leasing funds over $15 million in truck leases in the first half of 2015.
Mississauga, Ont.– June 25, 2015 – TPine Leasing Capital Corporation, the independently owned and operated Canadian finance company that provides alternative truck, trailer, and equipment lease financing to small and mid sized owner /operators throughout North America, including those who may be credit challenged and require alternative credit solutions, announced today that their FlexLease program funded over $15 million in Leases in the first six months of 2015.
Small independent owner/operators across North America use TPine’s leasing programs to access capital and to acquire trucks, trailers and equipment from more than 6 different financing options including lines of credit, transportation and automotive finance, construction and heavy machinery finance, term loans, factoring and more.
“Reaching this milestone so quickly, showcases our ability to meet the needs of our customers through our programs and our core values of providing creative solutions, speed, and trust,” said Sulakhan “Sam” Johal, TPine’s CEO. “At TPine, the entire team is driven by our mission to fuel the dreams of our customers by making the financing process simple and efficient.”
“ At TPine we are quickly positioning ourselves as a leading small business financier to the marketplace that can be trusted to fund quality business owners,” said Johal.
TPine began the journey by providing truck financing for its sister company Pride Truck Sales, Ltd., and branched out into other areas quickly. During that time, TPine helped hundreds of independent truckers get matched to trucks and equipment (and loan products to acquire them). Over the past year, TPine’s monthly lease volume growth has increased steadily.
“We have always had a bigger vision than just selling trucks and couldn’t be happier about our progress in building the financing portfolio. Our company focuses on offering all of the leasing and loan options to the business owner while providing a white-glove customer experience that the business owner can trust,” said Johal.