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American Lease Plans history
American Lease Plans company history timeline
The Johnson Act of 1934 also prohibited the extension of credit to countries that had not repaid United States loans made to them during World War I—which included Great Britain.
The Neutrality Act of 1939 allowed belligerents to purchase war materiel from the United States, but only on a “cash and carry” basis.
The Formation of the United Nations, 1945
Postwar progress saw the creation of the first corporation dedicated primarily to leasing in 1954, the United States Leasing Corp.
ELA estimates that 34 percent of the new lease volume generated by finance leases in 1994, was in office machines (20 percent), computers (9 percent), and telecommunications (5 percent).
New lease volume in the small ticket market, defined as transactions less than $100,000, was in excess of $7.2 billion in direct finance leases and $772 million in operating leases. Based on Equipment Leasing Association (ELA) statistics, there was $466 billion of capital equipment purchased in 1994, of which $140 billion (30 percent) was leased.
BUDGET LEASING CORPORATION, Boston, Massachusetts, 1995
The Budget Funding Group (BFG), a privately held corporation, was divided in 1995 into three separate operating companies, one of which was BLC.
President/Chief Executive Officer, 1995
The advantages of leasing equipment have been acknowledged for millennials, the first recorded application of it is dating back to 2010 b.c. in the Sumerian city of Ur.
Today, equipment leasing is an important industry, having grossed $518 billion dollars in 2014.
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American Lease Plans competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| American Snuff Co. | 1900 | $22.0M | 53 | - |
| Array Services Group | - | $37.5M | 3,001 | 8 |
| Primeritus Financial Services | 2012 | $64.0M | 750 | 6 |
| Auto Trakk | 2001 | $8.5M | 150 | - |
| Time Investments | - | $2.2M | 50 | 3 |
| United Consumer Financial Services | 1980 | $27.0M | 200 | 13 |
| GC Services Limited Partnership | 1957 | $3.2B | 9,100 | - |
| Bell Direct | 2007 | $11.0M | 125 | 15 |
| Universal Credit Services | 1992 | $1.2M | 15 | - |
| Tiger Financial | - | $880,000 | 7 | - |
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American Lease Plans may also be known as or be related to American Lease Plans, American Lease Plans Inc and American Lease Plans, Inc.