Orion First to Provide Servicing to TEAM Funding Solutions

Orion First has begun servicing contracts for TEAM Funding Solutions, an independently owned direct capital source dedicated to financing equipment leases exclusively for the broker community.

Based in Austin, TX, TEAM, like much of the industry, was interrupted by the COVID-19 pandemic, which forced a reevaluation of its business operations. Ready to focus again on growing originations, its leadership felt it was time to outsource the company’s servicing as opposed to hiring additional operations staff.

“We’re proud to team up with TEAM,” Quentin Cote, EVP of Orion First, said. “We’ve been fans of theirs for a long time. Their mission of helping customers realize their dreams dovetails with our purpose. At Orion, we believe the world is a better place when small business succeeds. And we accomplish that through our mission to provide deeper insight, stronger portfolio results and a highly satisfying borrower experience for small business lenders. We’re honored to be entrusted with these responsibilities for TEAM.”

TEAM has worked with Orion First’s leadership on previous business ventures.

“Our company exists to enable America’s small businesses to grow and prosper. We do that by granting credit to the many good business owners who are too often turned down by traditional banks,” Ted Reynolds, president of TEAM, said. “We want our capital to be invested in our customer’s success, not limited by large expenditures required to build, manage and maintain the servicing related demands of our business. Our relationship with Orion will allow us to focus on our customers first and foremost while growing a responsible and scalable company.”

Orion First has been in the loan, lease and contract management space since 2001.

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