Financial Pacific Leasing

What Financial Pacific Leasing does

Financial Pacific Leasing, Inc. is a direct provider of small- and mid-ticket commercial equipment financing, headquartered in Federal Way, Washington. Founded in 1975 and operating under the FinPac brand, the company has run a nationwide equipment leasing platform for 50 years and has been a wholly-owned subsidiary of Columbia Bank (formerly Umpqua Bank) since 2013. The company manages a portfolio of over $1.7B in assets spread across more than 40,000 customers and employs over 230 staff, including one of the largest concentrations of Certified Lease & Finance Professionals in the U.S.

FinPac operates two core product tiers. The Small Ticket division finances $5,000 to $200,000 deals with application-only underwriting across A-B-C credit tiers, accepting startups up to $45,000, while the Commercial division handles $150,000 to $1,500,000 full-financial transactions for bankable-credit borrowers. Contract structures include leases, Equipment Financing Agreements, and standard P&I loans, typically 24 to 60 months with monthly billing, skip-payment and seasonal-adjustment options, and risk-based pricing. The company also runs a Vendor Finance division that has originated over $1B in volume since 2015, plus an off-lease equipment remarketing program through partners such as RTR Services.

The primary go-to-market is a third-party originator channel model: FinPac partners with equipment dealers, brokers, and lessors across the U.S. who source applications through the proprietary TPO Portal, with FinPac underwriting, funding, and servicing the resulting contracts in-house. Direct digital acquisition (FastPay, the Customer Resource Center, and the company website) supports both SMB self-service and existing-customer servicing. Revenue is generated through recurring lease and finance payments, with additional transaction-fee income from equipment remarketing. Columbia Bank parentage provides cost-of-funds advantages, regulatory standing, and balance-sheet capacity that independent lessors lack.

Name

Financial Pacific Leasing

Legal name

Financial Pacific Leasing, Inc.

Website

https://finpac.com

Company type

Private

Founded year

1975

Operating status

Operating

Headcount range

51–100 employees

Short description

Financial Pacific Leasing is a Federal Way, Washington-based direct commercial equipment financing company and Columbia Bank subsidiary, originating small-ticket ($5K-$200K) and commercial ($150K-$1.5M) leases primarily through a nationwide third-party originator network serving SMBs.

Ownership category

akta.pro rank

Product category

Commercial Equipment Leasing & Finance

NAICS

Commercial and Industrial Machinery and Equipment Rental and Leasing (5324)

SIC

Finance Lessors (6172), Services-Equipment Rental & Leasing, Nec (7359)

akta.pro primary industry

Fleet & Commercial Vehicle Finance (FSAKADAE)

akta.pro secondary industry

Leasing & Lease Buyout Financing (FSAKADAC)

Keywords

• Commercial equipment leasing
• Small ticket financing
• Equipment finance agreements
• Third party origination
• Vendor finance programs

Headquarters

HQ city

Federal Way

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Equipment Leasing: Small-ticket commercial equipment leases ranging from $5,000 to $150,000 on an Application-Only basis, with terms typically 24 to 60 months.
2. Equipment Financing Agreements: Commercial division handles leases and equipment financings between $150,000 and $1.5 million for companies with solid credit and cash flow.
3. Equipment Remarketing: Asset management team sells off-lease equipment through remarketing partners, generating proceeds from returned or repossessed equipment.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Financial Pacific Leasing originates, underwrites, funds, and services a portfolio of small-ticket and mid-market commercial equipment leases and financing agreements for U.S. businesses. It accepts deals from $5,000 to $200,000 through an application-only, risk-based-priced small-ticket program and full-financial transactions from $150,000 to $1.5MM through a commercial program, sourced primarily via third-party originators and equipment vendors and supplemented by direct sales to business owners.

Product overview

Financial Pacific Leasing is a commercial equipment financing company offering two primary product tiers: Financial Pacific Small Ticket ($5,000–$200,000) for smaller transactions with application-only underwriting, and Financial Pacific Commercial ($150,000–$1,500,000) for bankable credit borrowers. These core offerings are complemented by Equipment Financing Agreements (EFAs) and traditional leases, with the FastPay online portal enabling customer payments and account management. The company also provides off-lease equipment remarketing through its Equipment for Sale program. All products are delivered through partnerships with third-party originators, with servicing managed in-house.

Differentiator

Problem solved

Functional benefit

Products and services

• Financial Pacific Small Ticket Small-ticket commercial equipment leasing and financing for $5,000 to $200,000 deals using application-only processing and risk-based pricing across A-B-C credit tiers; includes startup-friendly underwriting up to $45,000 and fast turnaround. For business owners and third-party originators.
• Financial Pacific Commercial Commercial equipment leasing and financing for $150,000 to $1,500,000 full-financial transactions targeting A-credit borrowers with solid credit and cash flow; competitive, unit-priced funding with in-house underwriting. For mid-market businesses.
• Lease Agreement Equipment lease where Financial Pacific holds legal title and the lessee makes monthly payments to use the equipment; typically includes a buy-out option at end of term based on residual value. For business owners acquiring equipment under the Small Ticket or Commercial programs.
• Equipment Financing Agreement (EFA) Contract that bundles equipment cost, taxes, expenses, and finance charges into fixed payments over the term; the customer maintains ownership and uses the equipment as collateral. For business owners who want ownership rather than a true lease.
• Standard P&I Loan Traditional principal-and-interest loan where the borrower receives equipment purchase funds up front and repays over time with calculable interest; the borrower retains ownership throughout. For business owners preferring a conventional loan structure.
• Equipment for Sale (Off-Lease Remarketing) Remarketing service for off-lease and repossessed equipment, sold through remarketing partners such as RTR Services. For buyers of used equipment and as a portfolio recovery channel for Financial Pacific.

Quantifiable outcome

• Over $1 billion in volume originated by Vendor Finance division since 2015
• +1 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Four partnerships are on record, tiered minor and core.

• RTR ServicesminorChannel Partner/ Reseller/ DistributorEquipment remarketing partner for selling off-lease equipment. RTR Services handles equipment inventory in Oregon-Missouri region. Contact through www.rtrservices.com.
• Equipment Leasing and Finance Association (ELFA)coreOthersIndustry trade association membership providing networking, education, and advocacy for the equipment leasing industry.
• National Equipment Finance Association (NEFA)coreOthersIndustry trade association membership. Financial Pacific has leadership involvement including past presidency by Senior VP Laura Carini.
• American Association of Commercial Finance Brokers (AACFB)coreOthersIndustry trade association membership for commercial finance brokers.

Scale indicators6 records

Recent moves6 records

Expansion highlights4 records

Emerging players

• Currency: Currency is a fintech-enabled equipment finance company building collections and asset-management operations — an emerging player that intersects with Financial Pacific's portfolio servicing and Joe Wilcox's prior operational remit.

Direct peers

• TimePayment: TimePayment provides small-ticket equipment leases ($5K–$150K) to SMBs via a TPO-driven model — closely aligned with Financial Pacific's small-ticket and TPO distribution approach.
• Balboa Capital: Balboa Capital is a private, direct-lender focused on small-ticket equipment financing and working capital for SMBs — a near-direct peer in the A-B-C credit, application-only segment that Financial Pacific's Small Ticket division serves.
• DLL (De Lage Landen): DLL is a global vendor finance specialist partnering with equipment manufacturers and dealers — a directly comparable peer to Financial Pacific's Vendor Finance division given similar go-to-market and embedded financing model.
• CIT Equipment Finance: CIT's equipment financing unit serves middle-market and small-ticket commercial borrowers with leases and loans; overlap with Financial Pacific's commercial product tier and Stephen Leege's prior CIT background make it a directly comparable peer.
• Marlin Leasing: Marlin Leasing is a direct competitor in small-ticket equipment financing for SMBs, offering application-only underwriting across $5K–$250K deals — closely matching Financial Pacific's core small-ticket value proposition and target borrower profile.
• GreatAmerica Financial Services: GreatAmerica is a major independent equipment finance company serving SMB and mid-market customers through vendor and direct channels — a close analog to Financial Pacific's small-ticket and commercial programs and its TPO/vendor origination model.
• Key Equipment Finance: Key Equipment Finance, the equipment finance arm of KeyBank, offers commercial equipment leases and loans across SMB and mid-market — directly comparable as a bank-owned equipment finance competitor where Allen Snelling previously held a senior role.

Broad incumbents

• Wells Fargo Equipment Finance: Wells Fargo Equipment Finance is a large bank-owned equipment finance operation offering commercial and SMB leasing nationwide — a broad incumbent peer that competes in the same commercial tier with much wider portfolio and balance sheet.
• U.S. Bank Equipment Finance: U.S. Bank Equipment Finance offers commercial equipment leasing and vendor finance through its parent bank — a broad incumbent peer comparable to Financial Pacific's commercial and vendor finance programs.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/financial-pacific-leasing

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Financial Pacific Leasing