MicroFinancial Incorporated, through its wholly owned subsidiaries, provides leasing and financing services through vendors to small businesses in the United States. It leases and rents microticket equipment, as well as provides other financing services. The company primarily leases point of sale authorization systems. It also leases various other equipment, including advertising and display equipment, coffee machines, paging systems, water coolers, and restaurant equipment. In addition, the company acquires service contracts and contracts in certain other financing markets. MicroFinancial's residential financings include acquiring service contracts from dealers that primarily provide security monitoring services. The company provides financing to obligors under microticket leases, contracts, and loans through a network of independent dealers and sales organizations, as well as through the Internet. MicroFinancial was formed in 1987 and was formerly known as Boyle Leasing Technologies. The company is headquartered in Woburn, Massachusetts.
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