MicroFinancial Incorporated (MicroFinancial) provides financing alternatives to a range of lessees ranging from start-up businesses to established businesses. The Company operates through its wholly-owned subsidiaries, TimePayment Corp. (TimePayment) and Leasecomm Corporation (Leasecomm). TimePayment is a specialized commercial finance company that leases and rents microticket equipment and provides other financing services. It primarily lease and rent low-priced commercial equipment, which is used by these lessees in their daily operations. The Company operates in leasing and renting of equipment and other financing services.