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Operating lease payments are expenses that reduce your net income. Greater tax savings may be created from this reduction in net income, than had you depreciated the asset.
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OneWorld Business Finance and GreatAmerica Portfolio Services Group Announce New Alliance

Austin, Texas.  February 22, 2012.  OneWorld Business Finance (OneWorld) is pleased to announce it has contracted with GreatAmerica Portfolio Services Group to handle all of its billing and servicing needs.  The new relationship will allow OneWorld to expand their business offerings.

“After conducting an exhaustive search for a company that combined the experience we were looking for with the flexibility to adapt to OneWorld’s various business models, we chose GreatAmerica” said OneWorld President Lou Manitzas. “We are confident that Joe Andries, Vice President and General Manager of the Portfolio Services Group of GreatAmerica, and his team are the best fit for us and we look forward to working with them.”

OneWorld will benefit from the efficiencies of the GreatAmerica operational platform, according to Mr. Andries.  “We are excited about this opportunity to work with OneWorld,” Andries said. “We know that we can produce outstanding results for the company, which affords them more time to do what they do best.”

About OneWorld

OneWorld is an Austin, Texas-based independent lessor founded and controlled by its member-owners and provides various forms of commercial finance to companies throughout the United States. Although focused on equipment finance, OneWorld also works with service companies, manufacturers, healthcare providers and municipalities to help its customers plan for and acquire funding for capital acquisitions, refinance and operational expansion. OneWorld also helps customers manage their cash flow through the use of various types of debt instruments. www.oneworldbusinessfinance.com

About GreatAmerica

GreatAmerica Portfolio Services Group was established in 2010 to provide value-add portfolio management solutions and select business services to banks, manufacturers, captives and other independent financial institutions. It is a subsidiary of GreatAmerica Financial Services Corporation, a national commercial equipment finance company with over 350 employees that services over $1 Billion in equipment finance transactions in all fifty states and some of the U.S. Territories.  www.greatamerica.com/portfolio-services

Contact:

Amber Jones, Marketing Manager 512.458.1300

 

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