Press Releases

Point Financial commits $1.8 Million in equipment lease financing to Additech, Inc., a Houston based firm that manufactures, installs, and manages services at fuel additive dispensers located alongside gasoline pumps at High Volume Retailers (HVRs) throughout the U.S.

The company’s main investors are Adams Capital Management and BEV Capital. Additech is led by President and CEO Ralph Koehrer who previously served as the President and CEO of another Adams Capital portfolio company and was previously a Corporate Officer of ADP (Automatic Data Processing, Inc.) and President of the Brokerage Information and Processing Services Group.  Point Financial is proud to add Additech to its portfolio of financed growth companies.

Point Financial, who has provided over $4 Million in equipment lease financing to Unique Home Designs (UHD), assisted the portfolio company in securing a significant round of equity financing. 

Point Financial introduced the investor which made the investment in order to accelerate the company’s growth. UHD, an Arizona-based company is engaged in the manufacture, distribution, and installation of decorative custom security screen/storm doors and gates.  UHD products are distributed through Home Depot.

Prior to assisting UHD in this equity financing, Point Financial provided two separate Lease financing commitments totaling $4 Million to assist UHD with its early stage growth needs and opportunities. Point Financial is pleased to have played a role in helping UHD finance its national roll out. 

Point Financial raises equipment lease funding commitment to over $4 million for Touchdown Technologies.  Touchdown, a California based company has patented technology that assists semiconductor chip manufacturers in their process.

Touchdown is backed by multiple venture capital investors including Pequot Ventures, Adam’s Capital, and Sun America Ventures. Point Financial is proud to have Touchdown Technologies as one of its technology growth portfolio companies.

Point Financial commits $1.5 Million in equipment lease financing to Epana Networks (EN), a New York City based communications firm engaged in the distribution and sale of communication services.

EN distributes its primary communication product, calling cards, to convenience stores and bodegas throughout the U.S. principally serving the Hispanic Community. EN is backed by an outstanding group of investors including Sienna Ventures, Bluefish Partners, and Bauer Capital. Epana Networks is another exceptional addition to the Point Financial lease financing portfolio.

Point Financial grows commitment to over $14 Million in equipment lease financing to US TelePacific (UST).  The Los Angeles, CA based Common Local Exchange Carrier (CLEC) provides both voice and data telecommunication products and services to small and medium sized businesses.

Consistent and strong internal growth, as well as acquisition and expansion of new facilities have established UST as one of the strongest and fastest growing CLEC’s in the Western US.

Dick Jalkut, President and CEO of UST and former CEO of NYNEX (the New York Baby Bell) heads an experienced and driven management team.  Point Financial is pleased to add UST to its portfolio of financed growth companies.

Point Financial commits $5 Million in equipment lease financing to Checker Schuck's Kragen (CSK), an Arizona-based speciality retailer for replacement automotive parts and accessories. The company is publically traded on the New York Stock Exchange (CAO).

CSK is backed by InvestCorp. CSK is an exciting addition to the Point Financial lease financing portfolio.

Surgient, Inc. receives $4 Million dollars in equipment/software lease financing from Point Financial to add to its growing capital needs as the company drives towards market.

Surgient, Inc. is a Texas-based company that is an on-demand software applications provider that enables companies to automate and enhance vital software sales, marketing, training and testing processes.

Bill Daniel, President and CEO of Surgient was pleased with the instant flexibility Point Financial was able to provide to their company as well as the less dilutive leverage they provided to current investors Agape Capital, Austin Venture, Bank One, Bluestram Ventures, Comdisco, JAFCO, Rock Mountain, Seaport and Sternhill. Point Financial is happy to add Surgient to its portfolio of financed growth companies.

FlipChip International (FCI) receives $2 Million dollars in equipment lease financing from Point Financial. The funds will provide the essential manufacturing equipment for FCI's merchant Wafer Level Packaging (WLP) and flip chip bumping line.

Bob Forcier, President and CEO of FlipChip was pleased with the transaction as well as the new capital partner they have made through Point. Point Financial is pleased to add FlipChip International to its portfolio of financed growth companies.

TeraVicta Technologies receives $2.5 Million dollars in equipment lease financing from Point Financial to aid in the development of the companies breakthrough MEMS technology.

TeraVicta is a Texas-based company that has developed breakthrough semiconductor components that manage the radiofrequency (RF) signals used by leading edge electronic products-from automatic test equipment to wireless handsets.

Kenny Roberts, President and CEO of TeraVicta was excited about the transaction as well as welcoming Point Financial as a new capital partner. Mr. Roberts looks forward to growing the relationship with Point Financial overtime as the company begins to ramp. Point's money will work alongside current investors Convergent Technology and Agave Capital. Point Financial is pleased to add TeraVicta to its portfolio of financed growth companies.

Reply!, Inc. receives $2 Million dollars in equipment lease financing from Point Financial to aid in the networking needs as the company begins rapid growth acceleration. Reply!, Inc. is a California-based internet referral company for the automotive, real estate and lending industries.

Payam Zamani, President and CEO of Reply! was encouraged by the transaction as the companies business model begins to quickly accelerate. Point Financial is excited about becoming a partner with the Reply!, Inc. investors which include BA Venture Partners and ORIX Venture Finance.

Mr. Zamani was pleased with the additional capital alternative Point Financial provided for its company while they were in a very critical stage. Point's minimally dilutive financing will aid the company's rapid growth plans. Point Financial is proud to add Reply to its portfolio of financed growth companies.

Advent Solar secures $5 Million dollars in equipment lease financing from Point Financial. The funds will purchase a group of essential solar panel manufacutring equipment pieces to assist production as the company begins it's rapid growth acceleration. Advent Solar is a New Mexico-based solar energy company.

Russell Schmit , Founder, President and CEO of Advent Solar was encouraged by the transaction as the companies production begins to quickly accelerate. Point Financial is excited about becoming a partner with the Advent Solar investors which include Battery Ventures, EnerTech Capital Partners, @Ventures, Firelake Capital, Angels with Attitude and New Mexico Co-Investment Partners.

The Forma Group recently secured $1.8 Million dollars in equipment lease financing from Point Financial. The funds will provide the essential manufacturing equipment for The Forma Groups panelized wall manufacturing line for new home builds.

Richard Campagna , CFO of The Formra Group, was pleased with the transaction as well as the new capital partner they have made through Point. Point Financial is pleased to add The Forma Group to its portfolio of financed growth companies.