Securcor Financial Completes $50MM ABS for Geneva Capital

Securcor Financial Group supported the funding of a $49.5 million securitization for Geneva Capital. The securitization required a single A rating and was funded privately by an established U.S. based insurance company.

The facility will be used to further expand Geneva’s existing vendor-based equipment finance business in the U.S.

“Geneva is an excellent example of the type of equipment finance company Securcor Financial Group supports – an independent finance company operating with a great track record of growth, profitability and portfolio performance,” said Brian Rodd, president and CEO of Securcor
Financial. “Our privately rated and funded structure provides finance companies of all sizes with access to a market-alternative source of funding.”

“This private ABS facility through Securcor Financial Group provides the leverage, terms and diversification needed to fuel our long term growth plans” said Mark Watkins, president of Geneva Capital.

Established in 2000, Geneva Capital is a niche lender which provides financing solutions to the graphic arts, fitness, sign and municipal market places.

Securcor Financial Group provides customized securitization, receivable and structured financing programs to clients across North America. Securcor has established strong funding alliances with several leading financial institutions and, since inception, has originated in excess of $6 billion in automobile financing, equipment leases and consumer finance contracts.

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