Portsmouth, NH and Saskatoon, SK - Direct Capital Corporation ("Direct Capital"), the 6th largest independent leasing and finance company in the United States, and Point2 Technologies ("Point2"), a leading provider of inventory management and online marketing software for the heavy equipment and real estate industries recently announced an agreement to offer Direct Capital financing solutions on Point2's heavy equipment online marketplace, www.UsedIron.com.
The deal will provide easier, more convenient access to capital to UsedIron.com's more than 600,000 annual unique visitors, through Direct Capital's creative leasing and financing products.
Further details on the terms of deal were not disclosed.
"Direct Capital is pleased to support the heavy equipment industry with creative financing when access to funding continues to be one of the toughest obstacles facing contractors today," said Paul Ringuette, vice president sales, Direct Capital Corp. "By prominently positioning Direct Capital on one of the industry's most highly trafficked, information-rich equipment websites, we're significantly enhancing our market presence while establishing a solid foothold from which we can extend our services to Point2's dominant and growing user base."
"Point2's partnership with a world-class, aggressive financing solution provider like Direct Capital brings critical service to assist our customers in building and growing their business," said Barry Willick, president, Point2 Technologies. "With traffic on UsedIron consistently one of the highest in the industry, providing our users with convenient access to Direct Capital is yet another milestone towards making UsedIron by far the most-preferred destination for used equipment online."
UsedIron.com features over 33,000 heavy equipment listings and generates approximately 9 million page views each year.
About Direct Capital
Established in 1993, Direct Capital provides specialty finance solutions, including capital equipment leasing, commercial loans, and merchant cash advances. Direct Capital markets its services through direct relationships with businesses and through partnerships with vendors, dealers, and manufacturers of capital equipment. Superb execution on its exceptional and unique direct service delivery model is the cornerstone of Direct Capital's success in an increasingly commoditized financial services industry. The company has offices in New York, California, Atlanta, Chicago, Detroit, Ohio, Iowa, and New Hampshire.
About Point2 Technologies
Point2 Technologies develops and markets web-based inventory management and online marketing software solutions for the real estate and heavy equipment industries.
Point2 also owns and operates the real estate consumer portal, www.Point2 Homes.com, and the used heavy equipment marketplace, www.UsedIron.com. More information can be found at www.Point2.com. For ongoing news about Point2, please visit www.point2.com/news.asp.