TBF, a commercial debt acquisition company, reached 25 years of membership in the Equipment Leasing and Finance Association this year.

“Led by my father, Robert Boehm, TBF was founded in 1998 to buy charged-off equipment leases at a price that would be attractive to sellers and provide a margin of profit to our business. We pioneered commercial debt buying in the equipment finance industry and immediately joined the ELFA because of the benefits to our own company and our customers,” Brett Boehm, CEO of TBF, said.

Boehm remains active in the association and currently serves on the ELFA’s membership committee. Boehm is also a past member of the association’s credit and collections conference group and of the service providers business council steering committee.

Today, TBF is a purchaser of non-performing equipment leases, commercial bank loans, online small business loans, merchant cash advances and commercial credit card accounts in the United States.

As a member of ELFA, TBF joins forces with the associations more than 575 member companies, which include independent and captive equipment leasing and finance companies, banks, financial services corporations, broker/packagers and investment banks, as well as manufacturers and service providers.

“Since its founding in 1961, ELFA has united the equipment finance industry under one umbrella to learn, do business and advocate for equipment finance and its important role in the U.S. economy,” Ralph Petta, president and CEO of the ELFA, said in congratulating TBF and thanking it for its participation and contributions to the association and equipment finance industry overall. “Over the years, member companies have evolved and innovated to meet changing customer needs. This speaks to the strength and resilience of our industry, as it equips American businesses to succeed and prosper. We congratulate all the companies celebrating milestone membership anniversaries in 2023.”