TBF Financial was founded in 1998 because our principals believed they could buy charged-off equipment leases at a price that would be attractive to sellers and provide TBF with a margin of profit. They succeeded, and a new industry was born: commercial debt buying of equipment leases.
Today fintech lenders and banks are also benefiting from this innovative strategy for recovering value from charged-off loans and leases. Our company is the leading purchaser of non-performing equipment leases, commercial bank loans, online small business loans, merchant cash advances and commercial credit card accounts in the United States.
Our dedicated staff of professionals is headed by the principals who founded TBF.
Robert is principally responsible for overseeing and maintaining TBF's finances. He is a DePaul University Law School graduate who was admitted to practice law in the state of Illinois in 1966. Robert spent his legal career representing banks and financial institutions throughout the Chicagoland area. Before 1998, he had developed a sizable firm representing over 30 banks and financial institutions, but he has since retired from the practice of law to help lead TBF.
Brett’s primary focus is on business development and marketing as he leads the company’s growth. He is an active member of the Equipment Leasing and Finance Association, where he is on the Membership Committee and previously served on the Service Providers Business Council Steering Committee and the Credit & Collections Management Committee. He has presented at a number of events for equipment finance businesses and online small business lenders including ELFA conferences, National Equipment Finance Association (NEFA) conferences and LEND360. Brett is a 1993 graduate of Indiana University and a 1998 law school graduate from The John Marshall Law School in Chicago. With a license to practice law in the state of Illinois, Brett managed his own law firm while participating in the creation of TBF.