Profile: Marlin Business Services Corp (MRLN.OQ)
Marlin Business Services Corp., incorporated on August 5, 2003, is a bank holding company and a financial holding company. The Company is a provider of credit products and services to small businesses. The Company provides products and services to its customers, which include loans and leases for the acquisition of commercial equipment, working capital loans, and insurance products. The Company accesses its end user customers primarily through origination sources consisting of independent commercial equipment dealers, various national account programs, through direct solicitation of its end user customers, and through relationships with select lease and loan brokers. The Company uses both a telephonic direct sales model and, for strategic larger accounts, outside sales executives to market to its origination sources and end user customers. Through these origination sources, the Company accesses end user customers while also helping its origination sources obtain financing for their customers. As of December 31, 2016, the Company had serviced approximately 86,000 finance contracts.
Through the issuance of Federal Deposit Insurance Corporation (FDIC)-insured deposits, the Company's subsidiary, Marlin Business Bank (MBB), serves as the Company's primary funding source. MBB receives time deposits through a range of sources, including directly from customers, through the use of online listing services, and through the use of deposit brokers. Through its principal operating subsidiary, Marlin Leasing Corporation (MLC), the Company provides equipment financing solutions nationwide, primarily to small and mid-sized businesses in a segment of the equipment leasing market commonly referred to in the industry as the small-ticket segment. As of December 31, 2016, the Company had financed over 100 categories of commercial equipment important to its end user customers, including copiers, security systems, computers, telecommunications equipment and certain commercial and industrial equipment. AssuranceOne, Ltd.is an insurance subsidiary, which enables the Company to reinsure the property insurance coverage for the equipment financed by MLC and MBB for its end user customers.
Marlin Business Services Corp
300 Fellowship Rd
MOUNT LAUREL NJ 08054-1201