January 24 2014
ATEL Leasing Corporation ("ATEL") announced that it completed its best year in over a decade. For fiscal year ending December 2013, ATEL recorded a 38% increase in overall business volume versus 2012.
ATEL attributes the performance to an ever expanding Fortune 1000 customer base and continued support from its current customers. "ATEL is proud of the momentum, but it is only the beginning of our resurgence," said Ken Fosina, Executive Vice President of ATEL Leasing Corporation.
"In 2013 we saw top flight performances from Capital Markets and great traction with new customers from Direct Origination. Excellent hires and a strategically improved business model helped us achieve record volume, decreased initial direct costs and increased equity raised both from institutional and retail channels."
ATEL forecasts continued growth in 2014, and will expand its Origination Team by 50% to capitalize on the momentum it generated in 2013.