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| April 25, 2000 GE/Colonial
follows Financial Pacific, Advanta and others in tightening credit and criteria,
but steps further with two new mandates: The above was sent to me by a broker, so I can release it, as I am a Colonial Pacific Discounter and have kept this information confidential. However, when sent to me by others, I then consider it "public knowledge." There definitely is a trend by fundors to change their credit scoring and commission to match the economy as there appears to be a credit tightening as reaction to the rise in rates and turn about in business as orders have reportedly slowed down in certain marketplaces. I have been sent some applications sent to a broker's vendor by Marlin Leasing, who I am told bought the Imperial Credit portfolio and company. In this regards, who has rights to the accounts would go to Imperial and a broker would not have any claim, unless the lessor had signed an agreement to such. That Marlin is going direct is their right. That Marlin works with brokers and vendors is their right. I have not been able to reach my contact at Marlin to get "their side." At the NAELB Conference, this was one of the hot discussions as it appears to be a consolidation of portfolo's and leasing companies selling off or going out of business. Should brokers require fundors to sign agreements on "repeat business" was a "hot topic". As I understand it, if the portfolio is sold, you may lose your right to "repeat business," especially if the original lessor is no longer in business. If you haven't seen it, e-lease has a banner on the front page of www.elaonline.com It takes you right to their sight and an application on line. This new www.e-lending.com and www.companyfinance.com is based in San Mateo, California, as Silicon Valley follows the semiconductor run from South San Francisco through Morgan Hill and Gilroy,spilling out to Scotts Valley and Fremont, too. NEW YORK--(BUSINESS WIRE)--April 25, 2000--companyfinance.com, the premier Internet B2B financial enabler for small- and middle-market companies, announced today its partnership with Boston-based OneCore.com to create the new e-Lending Center. Launching Monday, May 1, the e-Lending Center will provide visitors to OneCore's site immediate access to over 100 of the nation's leading lending institutions. companyfinance.com's Intelligent Lending Network(TM) with over 100 member lending institutions provides a wide array of structured, debt-based financing options including: asset-based lending, cash flow-based financing, equipment leasing and factoring. companyfinance.com's proprietary capital matching technology uses analytics and information aggregation, enabling applicants to qualify for commercial business loans of up to $100 million in a fraction of the time of traditional channels. OneCore.com's new e-Lending Center, powered by companyfinance.com, now enables companies seeking financing to access Business Capital at Internet Speed(TM) via the nation's largest e-business lending network. "OneCore makes it easy for small businesses to conduct a variety of key financial activities necessary for successfully running their companies. This makes OneCore an ideal business partner for us," stated companyfinance.com's CEO and founder Jon Orban. "Our partnership will be a win-win for both organizations. The e-Lending Center is an excellent complement to the suite of business products offered by OneCore. Additionally, the partnership will allow companyfinance.com to deliver a fast and easy loan application solution directly to OneCore's customer base of small business owners." "The e-Lending Center will make it possible for business owners to get the type of financing they need at competitive rates," said Jack Littman-Quinn, President and CEO of OneCore. "Our partnership with companyfinance.com will allow OneCore to immediately connect our customers with a wide array of lenders. By combining our strengths we will make securing a business loan fast and efficient." President and CIO of companyfinance.com Pankaj Chowdhry added, "OneCore's vision of the evolution of Internet-based financial services closely matches ours. OneCore offers best of breed financial services, and we offer best of breed lending products. We believe this joint offering will be powerful." Executives for both companyfinance.com and OneCore to present at e-finance Expo Please attend the e-finance Expo and Conference at the New York Marriott World Trade Center to hear companyfinance.com founder and CEO, Jon Orban speak with President/CIO Pankaj Chowdhry on Tuesday, April 25 at 11 a.m. regarding "The Future of Online Finance" and how to eliminate inefficiencies in the business financing process. Additionally, OneCore Chairman and founder Barry Star will be presenting on Wednesday, April 26 at 3:45 p.m. on "Web-Based Financial Services - How will this business model evolve?" For more information or to schedule an appointment with one of the executives at the show, contact Tonya Hayes at 650/696-1411, ext. 215. About companyfinance.com Headquartered in Burlingame, CA, companyfinance.com is an internet-based B2B financial enabler. The company uses its proprietary analytics and information aggregation technology to power the Intelligent Lending Network(TM), matching middle-market borrowers with over 100 leading lending institutions. Combined with their process and decision automation systems, companyfinance.com is able to eliminate many of the inefficiencies of the traditional financing process, allowing middle-market companies to access Business Capital at Internet Speed(TM). For more information, visit the www.companyfinance.com website or call 650.696.1411. About OneCore.com OneCore.com (www.onecore.com) is the leading provider of integrated financial services to the small business marketplace. OneCore's unique integrated approach allows businesses to quickly and efficiently manage business activities such as cash management, payroll, credit, and merchant services through one central online account. Complementary features including activities including daily, consolidated activity reports and real-time account alerts impart added control and convenience. The company's suite of services is provided through partnerships with CRI/Intuit (Nasdaq:INTU), Checkfree (Nasdaq:CKFR), First Sierra (Nasdaq:BTOB), companyfinance.com and others. OneCore is a privately held company with backing from Century Capital Management, Paine Webber (NYSE:PWJ), Merrill Lunch (NYSE: MER) CMGI@Ventures (Nasdaq:CMGI) and others. All OneCore Accounts are offered through OneCore Securities, Inc., a registered broker/dealer, member SIPC, NASD, and a wholly owned subsidiary of OneCore Financial Network, Inc. OneCore Financial Network, Inc. and Onecore Securities, Inc. are located in Bedford, Mass., and can be reached at 1-888-ONE-CORE. For more information about OneCore.com visit www.onecore.com. --30--cs/sf* ik CONTACT: companyfinance.com
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