Marlin Business Services Corp. (MRLN)

Marlin Business Services Corp. provides equipment financing and working capital solutions primarily to small businesses in the United States. The company finances various commercial equipment, including copiers, certain commercial and industrial equipment, security systems, computers, telecommunications equipment, closed circuit TV security systems, restaurant equipment, computer software, medical equipment, automotive equipment, cash registers, water filtration systems, healthcare diagnostic equipment, and office furniture. It also offers business capital loans, which provide small business customers access to working capital credit through term loans, as well as provides property insurance on leased equipment. The company sells its products and services through independent equipment dealers and lease brokers. Marlin Business Services Corp. was founded in 1997 and is based in Mount Laurel, New Jersey.

For the six months ended 30 June 2006, Marlin Business Services Corp.'s revenues increased 13% to $46.4M. Net income increased 19% to $10M. Revenues reflect growth in average net investment in direct financing leases outstanding and higher fee income from late fees earned & net residual income. Net income also reflects lower financing related costs due to a decrease in hedge costs and improved operating margins.