CapitalSource Overview and Financial Information

CapitalSource is a commercial finance company that provides a range of financial solutions to businesses. It offers a variety of loan products, including asset-based loans, lines of credit, and term loans.

CapitalSource was founded in 2001 and is headquartered in New York City. The company has a strong presence in the United States, with offices across the country.

CapitalSource focuses on providing financing to small and medium-sized businesses, as well as larger corporations. It has a proven track record of supporting businesses in various industries, including healthcare, technology, and manufacturing.

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CapitalSource is a commercial finance company that provides innovative financial solutions to businesses. It was founded in 2000.

With a focus on middle-market companies, CapitalSource offers a range of financial products and services, including asset-based lending, cash flow lending, and equipment financing.

The company has a strong track record of delivering tailored financial solutions to its clients, with a focus on customer service and flexibility.

CapitalSource was founded in 2000 by John Delaney and Jason Fish with an initial capitalization of more than $500 million, the largest private capitalization for a finance company at the time.

The company completed an initial public offering (IPO) in 2003, trading on the New York Stock Exchange (NYSE) under the symbol CSE. This move provided CapitalSource with the liquidity and flexibility it needed to grow.

In 2006, CapitalSource converted to a Real Estate Investment Trust (REIT), which allowed the company to take advantage of tax benefits and remain competitive in a highly liquid market. This move was significant for the company's growth and development.

However, in 2009, CapitalSource revoked its REIT status and returned to being a C-Corp. This change allowed the company to operate in a more traditional corporate structure.

CapitalSource moved its headquarters to Los Angeles in early 2012, marking a significant shift in the company's operations. This move likely brought new opportunities and challenges for the company.

In 2013, CapitalSource was acquired by PacWest Bancorp for around $2.29 billion. The merger was completed in 2014, with CapitalSource ceasing to trade on the NYSE.

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CapitalSource Inc. is headquartered in Los Angeles, CA, and had total assets of $8.7 billion as of September 30, 2012.

The company has a strong presence in California, with 21 retail branches in southern and central California.

CapitalSource Bank, a wholly owned subsidiary, is an FDIC-insured depository with $5.4 billion in deposits.

CapitalSource Bank has nearly $7.0 billion in assets and a total risk-based capital ratio of 17.43%, which is significantly higher than the required 10% to be considered “well-capitalized” by regulatory agencies.

CapitalSource emphasizes specialty lending across a diverse group of business areas, making senior secured asset-backed, cash flow, and real estate loans up to $100 million.

The company's deal professionals have industry expertise, allowing them to provide customized lending solutions that meet the unique needs of their clients.

CapitalSource Bank provides a solid, safe, and stable option for California retail banking customers, with a focus on secure access to capital and efficient execution of loans.

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LendingUSA has secured a significant funding of $60 million from CapitalSource USA. This substantial investment will undoubtedly help the company expand its operations and further its mission.

LendingUSA's mission is to create lasting business partnerships by providing innovative point-of-need financing solutions for important moments in life. They aim to create the best point-of-need consumer financing experience available.

The company offers financing for consumers in specialty markets, including the elective medical industry, dental care, and pet care. These markets are crucial for individuals who may not have the necessary funds for these services.

LendingUSA uses a proprietary lending solution that leverages both traditional and next-generation underwriting and fraud detection techniques to approve loans quickly. This approach enables them to approve loans as fast as a few seconds.

The company works closely with its merchant partners, providing them with the tools and training needed to maximize customer financing approvals and grow their business. This partnership is essential for the success of both parties.

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