August 31st, 2010 – Orion First Financial, LLC, majority owner of Mintaka Financial LLC, announced today the signing of a funding agreement between Mintaka and Susquehanna Commercial Finance, Inc. Mintaka specializes in providing equipment financing to small businesses across the United States. Susquehanna actively reviews and purchases portfolios of other companies with receivables that are consistent with its credit guidelines and provide a better diversity to its existing portfolio mix.
“Our agreement with Susquehanna will allow Mintaka to continue serving the credit needs of our small business customers, a key ingredient for continued economic recovery and new jobs growth across the US” said David T. Schaefer, founder and President of Mintaka Financial.
“Susquehanna offers an extensive portfolio of financial products and services for small businesses, to provide maximum value to our customers. We believe the Mintaka business model is in harmony with this strategy and our overall mission to help small business customers achieve their financial goals, and to build the economic strength of local communities” said Frank Souder, Vice President of Acquisitions and Syndications with Susquehanna.
Susquehanna Commercial Finance, Inc., located in Pottstown, Pennsylvania, is a subsidiary of Susquehanna Bank, which operates more than 220 branch offices in the Mid-Atlantic region. The bank’s parent company, Susquehanna Bancshares, Inc. (NASDAQ:SUSQ), is a financial services holding company with assets of approximately $14 billion, headquartered in Lititz, Pennsylvania. More information on Susquehanna can be found at Susquehanna’s website.
About Mintaka Financial
Mintaka Financial LLC, located in Gig Harbor WA, was established in December 2004, as a commercial finance company specializing in serving the needs of small businesses across the United States. Mintaka provides equipment leases and loans, originated through a limited group of independent small business finance companies that share ownership in Mintaka. These companies are specialists in small business credit service, selected to participate in the Mintaka program based on their experience and reputation in the industry, and their dedication to building long term relationships with their small business clients. To learn more about Mintaka, please call 888-705-8778, ext. 1097.