Segment & Geographic Data
Quant-Grade Normalized (live API)
API & CSV Delivery
Merlin Inc's Business Segments
Merlin Inc's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of FY
Reportable Segments
2
Largest Segment
Reportable
Total Revenue
$ 0
Regions Reported
-
Revenue Share by Reportable Segment - FY
- Reportable0%
- Commercial and non-U S government customers0%
Revenue by Reportable Segment - FY
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Reportable | $ 3 | - |
| Commercial and non-U S government customers | $ 0 | - |
Annual Results
Revenue Share by Reportable Segment - FY
- Reportable0%
- Commercial and non-U S government customers0%
Revenue by Reportable Segment - FY
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Reportable | $ 3 | - |
| Commercial and non-U S government customers | $ 0 | - |
Description of Merlin Inc
We are a nationwide provider of equipment financing solutions primarily to small
and mid-sized businesses. We finance over 100 categories of common-use commercial
equipment important to the typical small and mid-sized business customer, including
copiers, computers and software, security systems, telecommunications equipment
and certain commercial and industrial equipment. This segment of the equipment
leasing market is commonly known in the industry as the small-ticket segment.
We access our end user customers primarily through origination sources comprised
of our existing network of over 12,300 independent commercial equipment dealers,
various national account programs and, to a much lesser extent, through direct
solicitation of our end user customers and through relationships with select lease
brokers. We use both a highly efficient telephonic direct sales model and, for
strategic larger accounts, outside sales executives to market to our origination
sources. Through these origination sources, we are able to deliver convenient
and flexible equipment financing to our end user customers. Our typical financing
transaction involves a non-cancelable, full-payout lease with payments sufficient
to recover the purchase price of the underlying equipment plus an expected profit.
Marlin Business Services Corp provides a diverse array of financial solutions, primarily revolving around equipment leasing and related services. Their offerings are structured to cater to businesses requiring financing for essential equipment without the burdens associated with ownership. Below is an extensive description of their segments, products, and services.
Equipment Leasing
Lease Products
Marlin Business Services Corp specializes in non-cancelable equipment leases. These leases are structured with specific characteristics and adhere to stringent underwriting criteria. The lease agreements enable businesses to use equipment for a defined period without the implication of ownership, typically ranging from 36 to 60 months.
- Key Features:
- Non-Cancelable Terms: Lease payments are required for the duration of the lease, which corresponds to or is less than the economic life of the equipment.
- Average Lease Term: As of a historical reference point, the average original term of leases was approximately 47 months, indicative of a portfolio weighted toward medium-term financing solutions.
- Personal Guarantees: Around 34% of leases feature personal guarantees, providing an added layer of security for the company.
- Customer Obligations:
End-user customers are required to:
1. Handle maintenance and service concerns directly with the equipment dealer or manufacturer.
Insure the equipment against property and casualty loss.
Pay or reimburse taxes associated with the leased equipment.
Utilize the equipment strictly for business purposes.
Make all scheduled payments regardless of the equipments performance.
Furthermore, late fees may be applied when necessary, and in case of a default, Marlin retains the right to reclaim the equipment and demand the total balance due.
Purchase Options
At the execution of the lease, end-user customers may select from several purchase options, allowing them to buy the equipment at the end of the lease term for:
- A nominal fee of one dollar.
- The fair market value (FMV) of the equipment.
- A predetermined percentage of the original equipment cost.
The company aims to recapture its investment in leased equipment at the leases conclusion through these purchase options, secondary market sales, or renewal of rental agreements.
Property Insurance on Leased Equipment
An integral part of Marlins leasing service includes insurance offerings, ensuring that the equipment is adequately protected against potential losses.
- Insurance Requirements: Customers must secure all-risk property insurance equivalent to the replacement value of the leased equipment, naming Marlin as the loss payee on the insurance policy.
- Certificate of Insurance: For those with existing commercial property insurance, a certificate proving Marlin as the loss payee suffices to meet leasing requirements.
- Master Property Insurance Policy: For customers who do not have their own coverage, Marlin provides access to a master property insurance policy underwritten by a recognized national insurance company. This policy encompasses:
- All-risk coverage for the replacement cost of the equipment.
- Comprehensive protection under a shared structure across all covered leases.
Additional Services
In conjunction with its core offering of equipment leasing and insurance, Marlin may provide additional financial products and services tailored to enhance the leasing experience. Potential services could include accounting support, customer assistance programs, and tailored financial solutions to meet specific customer needs.
Target Markets
Marlin typically addresses a diverse clientele across several sectors, catering to small to medium-sized enterprises (SMEs) that are capital-constrained yet require reliable equipment for their operations. Its leasing solutions enable businesses to maintain operational competitiveness without significant initial capital outlay.
Conclusion
Marlin Business Services Corp stands out as a comprehensive provider of equipment leasing solutions, focusing on facilitating access to essential business tools while minimizing ownership risks. Their commitment to supporting equipment financing with robust service provisions underscores their role as an effective partner for businesses seeking sustainable growth through leased assets.
Equipment Leasing
Lease Products
Marlin Business Services Corp specializes in non-cancelable equipment leases. These leases are structured with specific characteristics and adhere to stringent underwriting criteria. The lease agreements enable businesses to use equipment for a defined period without the implication of ownership, typically ranging from 36 to 60 months.
- Key Features:
- Non-Cancelable Terms: Lease payments are required for the duration of the lease, which corresponds to or is less than the economic life of the equipment.
- Average Lease Term: As of a historical reference point, the average original term of leases was approximately 47 months, indicative of a portfolio weighted toward medium-term financing solutions.
- Personal Guarantees: Around 34% of leases feature personal guarantees, providing an added layer of security for the company.
- Customer Obligations:
End-user customers are required to:
1. Handle maintenance and service concerns directly with the equipment dealer or manufacturer.
Insure the equipment against property and casualty loss.
Pay or reimburse taxes associated with the leased equipment.
Utilize the equipment strictly for business purposes.
Make all scheduled payments regardless of the equipments performance.
Furthermore, late fees may be applied when necessary, and in case of a default, Marlin retains the right to reclaim the equipment and demand the total balance due.
Purchase Options
At the execution of the lease, end-user customers may select from several purchase options, allowing them to buy the equipment at the end of the lease term for:
- A nominal fee of one dollar.
- The fair market value (FMV) of the equipment.
- A predetermined percentage of the original equipment cost.
The company aims to recapture its investment in leased equipment at the leases conclusion through these purchase options, secondary market sales, or renewal of rental agreements.
Property Insurance on Leased Equipment
An integral part of Marlins leasing service includes insurance offerings, ensuring that the equipment is adequately protected against potential losses.
- Insurance Requirements: Customers must secure all-risk property insurance equivalent to the replacement value of the leased equipment, naming Marlin as the loss payee on the insurance policy.
- Certificate of Insurance: For those with existing commercial property insurance, a certificate proving Marlin as the loss payee suffices to meet leasing requirements.
- Master Property Insurance Policy: For customers who do not have their own coverage, Marlin provides access to a master property insurance policy underwritten by a recognized national insurance company. This policy encompasses:
- All-risk coverage for the replacement cost of the equipment.
- Comprehensive protection under a shared structure across all covered leases.
Additional Services
In conjunction with its core offering of equipment leasing and insurance, Marlin may provide additional financial products and services tailored to enhance the leasing experience. Potential services could include accounting support, customer assistance programs, and tailored financial solutions to meet specific customer needs.
Target Markets
Marlin typically addresses a diverse clientele across several sectors, catering to small to medium-sized enterprises (SMEs) that are capital-constrained yet require reliable equipment for their operations. Its leasing solutions enable businesses to maintain operational competitiveness without significant initial capital outlay.
Conclusion
Marlin Business Services Corp stands out as a comprehensive provider of equipment leasing solutions, focusing on facilitating access to essential business tools while minimizing ownership risks. Their commitment to supporting equipment financing with robust service provisions underscores their role as an effective partner for businesses seeking sustainable growth through leased assets.