California First Leasing Corporation (CFNB)
OTC PINK OTC PINK Primary Summary
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California First Leasing Year-End Review
California First Leasing Corporation offers a 42% upside, trading at ~70% of NAV with highly liquid assets. CFNB is now a de facto family office, with insiders nearing 90% ownership and pursuing steps to consolidate control. The portfolio is a diversified, easily liquidated mix of large-cap equities, including Microsoft, Apple, and Nvidia at significant discounts.
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California First Leasing Corporation Profile
| Financial Services Industry | Financials Sector | Patrick E. Paddon CEO | OTC PINK Exchange | 130222102 CUSIP |
| US Country | 107 Employees | 26 Jun 2024 Last Dividend | 20 Oct 1997 Last Split | 8 Apr 1987 IPO Date |
Overview
California First Leasing Corporation, originally known as California First National Bancorp, is a leading financial institution specializing in loans and lease financing solutions. The company underwent a name change in February 2021 to reflect its focused expertise in leasing operations better. Founded in 1977, it has its headquarters in Newport Beach, California. The firm caters primarily to universities, businesses, and various commercial or non-profit organizations, offering a wide range of customized financial products and services designed to meet the unique needs of each client.
Products and Services
- Loans:
California First Leasing Corporation provides a comprehensive suite of loan products tailored to support the financial needs of businesses, non-profits, and educational institutions. These loans are designed to offer flexible terms and competitive rates, ensuring clients can secure the necessary funding for growth, expansion, or operational purposes.
- Lease Financing:
The company specializes in offering lease financing options that allow clients to acquire, upgrade, or replace essential equipment without the upfront costs associated with outright purchases. This service is particularly beneficial for organizations looking to maintain cash flow flexibility while still obtaining the latest technology or equipment to remain competitive.
