- Capital Stream, Inc., a provider of e-commerce services for the commercial finance industry, announced today that Textron Financial Corporation, a diversified commercial finance company with over $7 billion in managed receivables, is using CapitalStream.com to make its commercial finance services available through the Internet. Textron Financial turned to CapitalStream for an Internet-based infrastructure that offered the management tools, credit screening and links to its existing systems without incurring additional overhead or processing time.

Textron Financial’s objective is to move the majority of its customers’ requests for equipment financing seamlessly through CapitalStream.com as an extension of its loan and lease processing systems. In addition to improving Textron Financial’s credit screening process, CapitalStream’s services will help the company link Textron Financial’s proprietary account management system with its back-office accounting systems.

“With the help of CapitalStream.com, our financing partners can use an Internet-based application process to expand our services to more customers and improve the ease of doing business with Textron Financial,” said Jim Merrilees, Vice President and Division Manager at Textron Financial. “This partnership enables us to offer our vendor financing programs in a quick, cost effective way, without having to spend the time, money and maintenance on developing our own infrastructure.”

“Our work with Textron Financial is a testament to the CapitalStream.com business model,” said Stephen Campbell, president and CEO of CapitalStream, “which was designed to bring financial systems online with minimum time and expense.”

CapitalStream.com provides Internet-ready applications to funding sources, brokers, vendors, manufacturers and B2B portals, enabling them to offer flexible financing programs, improve customer service, and increase their competitiveness. Rates, terms, and content can be dynamically managed by finance companies, allowing them to go online with personalized credit programs that respond to the wide range of relationships they have with customers. Using CapitalStream’s “virtual private market” solution, Textron Financial can apply its own branding to the credit origination process within its Internet sites. Throughout the transaction process, CapitalStream.com will offer Textron Financial comprehensive reporting, including application status by program and approval ratio summaries.

Textron Financial Corporation, a subsidiary of Textron Inc., is a diversified commercial finance company with over $7 billion in managed receivables. With operations in term lending and leasing, revolving credit, and specialty finance, Textron Financial is a premier lender to the aviation, golf, vacation interval resort, and franchise finance industries, and provides distribution and end-user financing for products manufactured by Textron Inc. and others. Other services include transaction syndication, equipment appraisal and disposition, portfolio servicing, and insurance brokerage. Additional information is available at www.tfc.textron.com.

Seattle-based CapitalStream offers end-to-end e-commerce marketplace solutions—including customer management tools, workflow automation and an online transaction network—for the global business finance market. The company’s e-commerce network, CapitalStream.com, provides an infrastructure for financing companies, manufacturers and B2B e-commerce firms to capture, grow and service customers. CapitalStream has been an established industry leader for five years, and in 1999, its 600 customers used CapitalStream products to facilitate $8.5 billion in transaction volume.

Jennifer Fox
Capital Stream, Inc.
206-548-1651
jenniferf@capitalstream.com

Scott Battishill
DDB Seattle
206-464-0197
scott.battishill@sea.ddb.com