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Advantage Funding has introduced a special school bus financing and leasing program for school bus operators looking to acquire buses in time for the 2008-2009 school year. Both full size school buses and school bus vans will qualify for financing and leasing under the program. Rates and residuals are dependent on the operator and age of the collateral. The vehicle may be used for child-care centers as well as traditional school bus transportation. "We have committed substantial resources and personnel to increase our existing school bus financing and leasing business," said Donald J. Coolbaugh, Vice President of sales. "As credit availability in this space has tightened up, we believe there is opportunity to expand and provide world class service to good operators." Advantage Funding is a noncaptive commercial vehicle leasing and financing company to the ground transportation industry and is a subsidiary of Japan's Marubeni America Corporation. Wednesday, July 02, 2008 April 8th, 2008-Advantage Funding Hires Synovec as Southeast Regional Manager Rod Synovec has joined Advantage Funding as Southeast regional manager. Prior to joining Advantage Funding, Synovec founded Commercial Capital Consultants, providing financial services to the equipment and coach industries.
He was previously a vice president of operations for All Florida Leasing, general manager of Setra North America, and sales manager and vice president of sales for several divisions of ABC Bus Companies. NEW YORK, June 16 -- The Advantage Funding group of companies announced today the sale of 80 percent of its stock to Marubeni Motor Holdings, Inc., which is 80% owned by Marubeni America Corporation and 20% owned by Marubeni Auto & Construction Machinery America, Inc.
Eric C. Coolbaugh, Vice President of Advantage, added, "Marubeni's willingness to keep our management team in place and bring business to us is a very unique opportunity for a company such as ours." Tsutomu Yamamoto, COO of Marubeni America Corp., and the President of Marubeni Motor Holdings, stated, "Marubeni sought to acquire an industry leader that could support our auto related and finance businesses, and we are fortunate to have been able to acquire Advantage Funding." "The synergy between our business and Marubeni will afford us structured growth and opportunities that would not otherwise be available to us," Michael Kaplan, Advantage Funding's Secretary Treasurer, stated. Marubeni Corporation, the world's 15th largest
company according to Forbes International 500 in 2003 with total volume
of trading transactions of $74 billion, was founded in 1858 and is headquartered
in Tokyo, Japan, with more than 5,200 employees in 74 countries. |
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