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Essex Capital Corporation is a California C corporation, founded in 1993 and wholly owned by Ralph T. Iannelli, its President and Chief Executive Officer. Essex Capital was formed to provide funding to credit worthy companies who choose to acquire assets via lease, rather than purchase. Since its inception, Essex has provided funding in excess of one billion dollars for those corporations and has made a number of equity investments in private and public companies and at the present time, has more than 15 companies in its portfolio. The company is located in Santa Barbara, California in a historically rehabbed building that it purchased in 2006.
Essex Capital acts as a financing source and lessor to credit worthy companies on a nationwide basis, leasing all assets except vehicles and commercial aircraft. Essex Capital originates its lease transactions through its own sales force and a network of brokers that Mr. Iannelli has worked with for over 25 years. In addition, Essex Capital acquires existing leases from banks and other leasing companies, offering financing for those lessees who want to acquire equipment on an operating or capital lease basis. Essex Capital direct funds approximately 40% of the leases it originates or portfolios that it acquires. For the balance, it uses non-recourse bank lines and provides lessees with credit facilities for one or multiple transactions.
In the last 10 years, Essex has focused on venture leasing and sale leaseback transactions. Despite the burst of the internet bubble, there are still thousands of companies on an annual basis that seek capital from venture capital firms. The large majority of the firms that seek funding need capital for equipment. Essex works with the leading venture capital firms to provide equipment financing so that the funded firms suffer less equity dilution. This type of lease funding allows Essex to participate in the equity, via warrants, that it obtains as part of the funding. In addition to venture leasing, Essex is very active in providing lease capital to those firms who want to sell and lease back equipment.
What We Do For Clients
Essex Capital Corporation arranges debt or equity financing in several market segments, including:
- Financing of Individual transactions
- Vendor programs
- Structured finance
- Venture Capital leasing
- Sale and Leaseback
Depending on a variety of factors (time to fund, tax considerations, etc.), Essex arranges funding with banks, finance companies, income funds, hedge funds, private equity, insurance companies and other institutional investors and lenders.
Essex Capital Corporation is a California C corporation, founded in 1993 and wholly owned by Ralph T. Iannelli, its President and Chief Executive Officer. Essex Capital was formed to provide funding to credit worthy companies who choose to acquire assets via lease, rather than purchase. Since its inception, Essex has provided funding in excess of one billion dollars for those corporations and has made a number of equity investments in private and public companies and at the present time, has more than 15 companies in its portfolio. The company is located in Santa Barbara, California in a historically rehabbed building that it purchased in 2006.
Essex Capital acts as a financing source and lessor to credit worthy companies on a nationwide basis, leasing all assets except vehicles and commercial aircraft. Essex Capital originates its lease transactions through its own sales force and a network of brokers that Mr. Iannelli has worked with for over 25 years. In addition, Essex Capital acquires existing leases from banks and other leasing companies, offering financing for those lessees who want to acquire equipment on an operating or capital lease basis. Essex Capital direct funds approximately 40% of the leases it originates or portfolios that it acquires. For the balance, it uses non-recourse bank lines and provides lessees with credit facilities for one or multiple transactions.
In the last 10 years, Essex has focused on venture leasing and sale leaseback transactions. Despite the burst of the internet bubble, there are still thousands of companies on an annual basis that seek capital from venture capital firms. The large majority of the firms that seek funding need capital for equipment. Essex works with the leading venture capital firms to provide equipment financing so that the funded firms suffer less equity dilution. This type of lease funding allows Essex to participate in the equity, via warrants, that it obtains as part of the funding. In addition to venture leasing, Essex is very active in providing lease capital to those firms who want to sell and lease back equipment.
- Financing of Individual transactions
- Vendor programs
- Structured finance
- Venture Capital leasing
- Sale and Leaseback
