Troy, MI – According to filings with the U.S. Securities and Exchange Commission, Lease Corp of America is raising $45,000,000.00 in new funding. Sources indicate as part of senior management Chief Executive Officer, Jeffery Sugg played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About Lease Corp of America
LCA is a full-service financing company specializing in technology and industrial equipment financing. Lease Corporation of America offers a multitude of leasing programs ranging from a standard lease to a 90-day deferred program that allows companies to obtain the equipment they need now and not start paying for it until the following quarter. In 2005, LCA founded LCA Bank Corporation in Park City, Utah, to augment its funding capacity. As a direct lender, we are the bank. This translates into an accelerated appreciation process, ability to manage your entire lease portfolio 24 hours a day, 7 days a week, 365 days a year and act as a permanent database for all your quotes and sales. Based in Troy, Michigan, LCA has serviced the needs of its vendors, customers and brokers since its formation in 1988. LCA has kept pace with the ever-changing economy to develop innovative financing programs, professional marketing support and easy-to-use leasing tools for our clients.

To learn more about Lease Corp of America, visit http://www.leasecorp.com/

Contact:
Jeffery Sugg, Chief Executive Officer
800-800-8098
jsugg@leasecorp.com

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