PRZOOM - /newswire/ - Fort Collins, CO, United States, 2010/05/11 - The new B+ product complements the Start-up and B Credit markets.

Pawnee Leasing Corporation has introduced a competitive B+ Credit leasing product to all of its approved broker sources effective May 3, 2010. The new B+ product complements Pawnee Leasing’s leadership position serving the third party channel in the Start-up and B Credit markets.

"As is our operating style, we have been methodically entering this space for several years with individual third party sources to affirm our underwriting and servicing processes. As we expected, our tenured risk management and collections model is ideally suited to accommodate and service these credit profiles." said Gary Souverein, Pawnee’s President and COO.

Souverein adds, "In speaking with so many of our sources, the industry disruption has left this market severely underserved as traditional banks, commercial finance and "A" leasing companies have migrated upstream in credit. We believe there’s significant opportunity to originate high quality credit at attractive risk-adjusted margins. Our brokers have voiced a high demand for this product and we are excited to add further value to these relationships."

Pawnee Leasing Corporation (pawneeleasing.com), providing lease financing in the lower 48 states since 1982, purchases small-ticket "Start-Up" and "B" Credit transactions exclusively from a national network of brokers/lessors. For more information please contact Gary H. Souverein, at 800-864-4266.

Pawnee Leasing Corporation is a Chesswood Income Fund company (chesswoodfund.com) traded on the Toronto Stock Exchange – TSX - CHW.UN.

Agency / Source: Pawnee Leasing Corporation

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