Irwin Commercial Finance Reaches $1 Billion in Assets

Irwin Commercial Finance announced it reached $1 billion in total assets as of August 31, 2006. President and CEO, Joe LaLeggia, said, "This is a tremendous achievement. It is a clear demonstration of the efforts of our exceptional group of professionals. Not only have we proved a valuable partner to our customers as evidenced by this growth, we have become a meaningful part of Irwin Financial and its future growth plans. By focusing on both our customers and internal systems, we have achieved this milestone with good credit quality. I am proud of the way we work together with our employees, customers, and suppliers."

Irwin Commercial Finance was founded in 2000 by Irwin Financial Corporation. Its 202 employees in the U.S. and Canada serve the financing needs of franchisees and manufacturers and vendors for small- to mid-ticket leases. The company’s franchise finance business targets quick service and casual dining franchisees in the U.S., and the leasing division focuses on customers in the U.S. and Canada. The company has also recently expanded its services into professional practices acquisition financing and technology leasing.

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