Varilease

Ranked #7 in the Top 10

Monitor magazine’s 2008 analysis of top private independent leasing companies has ranked Varilease #7 in the U.S. for funded new business volume. Varilease has enjoyed continual year-over-year improvement in it's business originations, and ranks amongst the industry’s top originators of lease financing. More

BancLeasing is a wholly owned subsidiary of Varilease, and supports commercial banks in assisting their business customers with equipment lease financing in the $25,000 - $10,000,000 range. Since 1998, BancLeasing Incorporated has empowered over 200 U.S. banks to book more loans with their best commercial customers. BancLeasing’s service enables its bank clients to provide equipment-leasing arrangements that meet each customer’s special needs — financial solutions that, previously, were only being offered by giant money-center banks. More

Varilease News

President's Message
March 2009

To our Stockholders, Customers & Friends: More

Monitor Magazine Recognizes Varilease in Top 10
March 2009

Monitor magazine has ranked Varilease #7 among the top private independent leasing companies in the U.S. for funded new business volume. More

Monitor 100 Recognizes Varilease in Top 75
June 2008

Monitor magazine has recognized Varilease among the top 75 leasing companies in the U.S. for the number of its new business originations. More

Varilease commits to a new $200,000,000 loan facility
May 2008

The company has reached agreement on a new $200,000,000 loan facility that provides both debt and equity financing for lease, loan, and portfolio acquisition transactions as well as company acquisitions. Repayment terms of the facility provide for interest payments only for the first 24 months and subsequent principal reduction commencing (at the company's option) no earlier than mid 2010 and no later than mid 2013. Under the terms of the facility the funds are immediately available as of May 19, 2008

Varilease #164 on Crain's Private 200
May 2008

Varilease is ranked 164th on the Crain's Detroit Business annual list of the top 200 privately-held Michigan companies for 2008 released May 26, 2008. The Crain's Private 200 rankings are based on 2007 revenue.