MicroFinancial Incorporated (MicroFinancial) operates primarily 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. The Company provides financing alternatives to a range of lessees ranging from start-up businesses to established enterprises. The Company primarily leases and rent low-priced commercial equipment, which is used by these lessees in their daily operations. The Company primarily sources its originations through a nationwide network of independent equipment vendors, sales organizations, brokers and other dealer-based origination networks. The Company funds its operations through cash provided by operating activities and borrowings under its revolving line of credit. During the year ended 2011, the Company had over 1,000 different dealers originating leases and contracts.