Zack Marsh, appointed to serve on the Board of Trustees of the ELFF as Secretary/TreasurerJanuary 5, 2021
Orion First to provide servicing to Paradigm Equipment Finance, Inc.January 20, 2021
SEATTLE, January, 6 2021 — Orion First has begun servicing contracts for TEAM Funding Solutions.
Based in Austin, TEAM, like much of the industry, was interrupted by the pandemic, which forced a reevaluation of its business operations. Ready to focus again on growing originations, its leadership felt it was time to outsource their servicing as opposed to hiring additional operations staff.
“We’re proud to team up with TEAM,” says Quentin Cote, EVP of Orion. “We’ve been fans of theirs for a long time. Their mission of helping customers realize their dreams dovetails with our purpose. At Orion, we believe the world is a better place when small business succeeds. And we accomplish that through our mission to provide deeper insight, stronger portfolio results, and a highly satisfying borrower experience for small business lenders. We’re honored to be entrusted with these responsibilities for TEAM.”
And it’s the highly satisfying borrower experience that TEAM is looking for in partnering with Orion. TEAM President Ted Reynolds is quite familiar with Orion’s track record, as TEAM has worked with Orion’s leadership in previous business ventures.
Reynolds adds, “Our company exists to enable America’s small businesses to grow and prosper. We do that by granting credit to the many good business owners who are too often turned down by traditional banks. We want our capital to be invested in our customer’s success, not limited by large expenditures required to build, manage, and maintain the servicing related demands of our business. Our relationship with Orion will allow us to focus on our customers first and foremost, while growing a responsible and scalable company.”
ABOUT ORION FIRST
A leader in commercial finance, Orion has been in the loan, lease and contract management space since 2001. Its suite of services includes commercial loan and lease servicing and collection, portfolio management software with client portal, and backup servicing. By pairing effective technology with experienced professional staff, Orion positions itself as a savvy manager of risk, empowering clients to focus their entrepreneurial energy on their greatest value—funding small businesses.
TEAM Funding Solutions is an independently owned direct capital source dedicated to financing equipment leases exclusively for the Broker Community. With over 28 years in business, TEAM operates in a unique sector of the leasing industry by approving borrowers with challenged credit or those financing equipment for new businesses.