Kinetic Leasing has been helping businesses move forward since 2000.
Kinetic Leasing, Inc. was incorporated in February 2000, in conjunction with the assumption of a private label lease program operated on behalf of Community First Bankshares of Fargo, ND, and the purchase of its related lease portfolio.
The private label lease program acquired by Kinetic Leasing is a Bank Lease Program established by the principals of Kinetic Leasing during their employment with Community First Bankshares. The Company’s management group and operations staff were the key personnel behind the day-to-day operations of the Community First Bank Lease Program since its inception in 1995, and they have extensive experience in the financing and leasing of equipment to middle-market businesses and municipalities nationwide. Since its inception, Kinetic Leasing has continued to expand its Bank Lease Program to other banking organizations and locations. In addition, Kinetic Leasing also offers its competitive lease products directly to various vendors, commercial concerns, and municipalities nationwide to help keep their businesses moving forward.
In its first 15 years of operation, Kinetic Leasing became one of the top 100 largest equipment financing companies in the U.S.
Reached $1B in equipment financed since 2000
Moved into new 9,000 sq. ft. corporate office. Generated $100M in new leases. Grew to 17 employees. Built $235M portfolio, making Kinetic Leasing one of the top 100 largest equipment financing companies in the U.S.
Opened regional office in Eden Prairie, MN
Downsized in response to worldwide financial crisis.
Named #3,459 on the list of INC 5000 fastest growing companies in the U.S.
Reached $100M in lease receivables owned and serviced.
Named Fargo–Moorhead small business of the year.
Rebranded as Kinetic Leasing to avoid name infringement lawsuit.
Frontier Leasing created with 4 employees when Community First Financial, Inc. dissolved.
Our Leadership Team
Kinetic Leasing is led by the following talented individuals.
Note: email addresses have been formatted to prevent email spammers’ automated programs from obtaining the addresses.
Al has over 22 years of experience in the finance industry, with the last 18 years spent in the equipment financing industry. Employed with Community First Bankshares (a $6.2 billion banking organization) for nine years, Al was instrumental in building the bank’s leasing portfolio from $75 million to $350 million. In addition, he was the primary individual behind the development and implementation of the Bank Lease Program, which was implemented into all 150+ banks owned by Community First Bankshares.
Since the inception of Kinetic Leasing in early 2000, Al has had the primary responsibility for the overall operations of Kinetic Leasing, including developing a sales force, establishing remote sales offices, marketing, financial reporting, and human resources. With the depth of experience as both a bank examiner with the FDIC and the volume of transactions over the past 22 years, Al continues to be the key person reviewing all new finance transactions for credit approval prior to Kinetic Leasing granting a commitment to the customer.
Sr. Vice President, Operations
Anthony joined Kinetic Leasing in 2009, and he has spent the past 8 years in the financial services industry. During this time, Anthony has focused on growing his skills and leadership in all aspects of credit underwriting, documentation, cash management, and overall operations of Kinetic, making him a key employee within Kinetic. Anthony oversees the operations of the company, and has the responsibility of the day-to-day management of the support staff, lease documentation, and payment processing. In addition, Anthony has excellent working relationships with all of Kinetic Leasing’s funding sources and investors. These relationships allow Anthony to secure financing for various programs, such as small ticket leasing, unique vendor funding programs, and structured financings. Anthony joined the Board of Directors in 2013.
Vice President, Finance
Brent initially was employed at Kinetic Leasing from 2006 to 2009 as a Credit Analyst. He then left the company and worked in various credit-related roles at two regional commercial banks, and then rejoined Kinetic Leasing November 2013 as Chief Credit Officer. Brent manages the entire underwriting process of all transactions in excess of $50,000 and serves on the company’s credit committee. Brent serves as the primary liaison between Kinetic Leasing and the commercial banks that provide funding to the company, fostering and maintaining solid business relationships to ensure ongoing funding for Kinetic Leasing. Further, Brent manages the collections and credit analysis related employees and supervises the process for all defaulted finance transactions.
Ashley Cook, CLFP
Vice President, Operations
Ashley joined Kinetic Leasing in 2013, and previous to her employment with Kinetic Leasing, spent eight years in the healthcare industry as an actuary and project manager. Ashley manages all aspects of day-to-day operations including documentation, funding, servicing, and collections of equipment contracts. She also develops new broker relationships.
Vice President, Special Projects
Kari joined Kinetic Leasing in 2014 as a Funding Coordinator, and for the past two years she took on an expanded role as Operations Manager. She spent the previous five years working in the health insurance industry as an analyst and project manager. In her new role as an officer of the company, Kari assumes the lead role of managing projects and certain vendor relationships and product lines.
Kinetic Leasing also employs the following super hard working individuals:
Phone: (701) 551-7284
Phone: (701) 551-7279
Collateral Documentation Specialist
Phone: (701) 551-7270
Credit and Debt Placement
Phone: (701) 551-7267
IT and Marketing
Phone: (701) 551-7275
Phone: (701) 551-7274
Phone: (701) 551-7278
Phone: (701) 551-7262
Phone: (701) 551-7298
Phone: (701) 551-7271
Phone: (701) 551-7280
Phone: (701) 551-7276
Phone: (701) 551-7269
Phone: (701) 551-7282
In everything we do, we strive to be the best, and we measure ourselves by these 5 core values:
- Getting things completed
- Tracking progress on tasks
- Transaction oriented
- Goal setting
Strong Work Ethic
- Always going that extra step to help a co-worker
- Proofing own work—no errors
Easy to Work With
- Customers enjoy working with you
- Internal employees come to you for assistance
- Build trust with customers and banks
- Serious work—managing funds borrowed
- Give customers what they are asking for—knowledgeable
Great Relationship Builder
- Internal—amongst other employees
- External—customers, brokers, bankers
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Kinetic Leasing is a proud supporter of numerous non-profit organizations throughout the surrounding Fargo (ND)–Moorhead (MN) area, as well as vital members of many local organizations and boards. Some of the organizations that Kinetic Leasing employees are involved with are:
- Fargo Youth Hockey Association
- Moorhead Youth Hockey Association
- Fargodome Authority (Board Member)
- Farm Rescue (annual sponsor)
- Fargo Shanley Booster Club
- Fargo Public Schools (proms, sports boosters, DARE program)
- Fargo Food Pantry
- Fargo–Moorhead Chamber of Commerce Leadership Program
- Homeward Animal Shelter
CPC Awards Contract to Kinetic Leasing
The Cooperative Purchasing Connection (CPC) has selected Kinetic Leasing to provide equipment lease financing to its members, including county and city municipalities and other governmental agencies, schools, and non-profits. The CPC serves nearly 3,200 agencies in Minnesota, North Dakota, and South Dakota.
The CPC provides its members with the same purchasing power of their much larger counterparts. Its competitively solicited contracts meet state guidelines and eliminate the need for time-consuming bids and multiple price quotes. Equipment leasing obtained through the CPC requires no voter referendum, and it is not subject to legal debt limitations. Quoting your contract with the CPC instead of following a lengthy competitive bid process means that you can get the equipment you need faster!
Peter Bormann Joins Kinetic Leasing
Kinetic Leasing is pleased to welcome Peter Bormann to our sales team. Peter has a 35-year track record of accomplishments in a wide array of industries. He has held leadership positions in financial, technology, telecommunications, and real estate industries managing business development and marketing activities. Peter is an active consultant and advisor to several businesses as well as community and committee boards. Kinetic Leasing looks forward to his insights and contributions. Peter is working out of our corporate headquarters in Fargo, ND, and he can be reached at (701) 551-7284. Welcome, Peter!
Anthony Bowen Joins Kinetic Leasing
Kinetic Leasing is pleased to welcome Anthony Bowen to our sales team. Anthony has extensive experience in working with banks, dealers, and vendors in the Midwest to finance all types of equipment, especially construction, industrial, manufacturing, transportation, and technology. He is based in West Des Moines, Iowa, and he can be reached at (515) 401-5094. Welcome, Anthony!
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