Genesis Commercial Capital has launched a brand new financing course designed to aid new and pre-existing healthcare specialists discover the capital equipment that they depend on for their practice. Genesis has spent the last 10 years becoming knowledgeable on the industry and the risk patterns associated with this space and it is now positioned to set up sizeable funds to assist these business grow. Genesis has been an innovator in lease funding for the diverse forms of equipment used in this industry. We have most recently developed and put into place new scoring regulations encouraging all types of M.D. practices to purchase equipment and working capital at a financial time when banks continue to be reluctant to lend money. We are focused on further developing a variety of new and existent lease programs to take care of the continuous breakthroughs of technology and growth in this area and continuously raised volume in all segments of the industry. Our new guidelines geared towards MD practitioners and enable them to obtain funding for equipment in addition to simple working capital cash infusions to use in all areas of their business.
New innovations in the technology over the past several years have influenced the requirement for optional sources of funding for the industry. Genesis has experienced great success in the Health care industry and it is currently our fastest growing divisions. Several of our account executives have experience in the Healthcare industry either through past work history or other studies. Our credit team is furthermore encouraged to examine the new developments in the industry by reading and maintaining trade publications, participating in industry seminars and trade events, and frequently interviewing current manufacturers and vendors for insights into the future of the healthcare industry.
Our current consumers include an increasing selection of home healthcare companies, physicians, dentists, research centers, surgery centers, chiropractors, sports medicine facilities, rehab facilities, laboratories, rental agencies, etc. Our primary focus on vendor/supplier and manufacturer representation has contributed to the rapid development of our Healthcare Division. Improvements in technology have demanded companies to constantly upgrade outdated equipment and have also spurred increased business for our Healthcare Division. We also take pride in our specialized focus by being in a position to offer leasing make it possible for companies to acquire used equipment at more affordable prices. Many up-and-coming small to mid-size companies learn that the latest and greatest technology may be a lot more than they can afford and we will assist in lining up funds for equipment which is used but can always be an improvement for them. With our network of suppliers we are able to help locate medical equipment on behalf of our clients that may not have access to the resources at their fingertips to find what they need.
Across the country, companies in the Medical industry have realized a strong financial partnership is paramount to prosperous operation and growth. Doctors won't be able to compete in the marketplace without updating their equipment or other regions of their business that require having cash available. We make that idea quick and easy for them. With an application only program for both lease funding and working capital together with new credit scoring guidelines we are able to fulfill all of their financing needs in a very simple and economical manner.
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