News

  • Kinetic Lease Welcomes Melanie Villareal
    Melanie Villareal

    Kinetic Leasing has hired Melanie Villarreal as an Operations Specialist. Prior to joining Kinetic, Melanie was a Commercial Loan Specialist for Bank of the West. Melanie earned her undergraduate degree from the University of Minnesota in 2012. She is originally from Moorhead and relocated back to the F–M area in 2014. Welcome, Melanie!

  • Ashley Cook Achieves CLFP Designation
    Ashley Cook

    Ashley Cook, Vice President, Small Ticket Leasing, has passed the 8-hour online exam to become a Certified Lease & Finance Professional (CLFP). The exam was hosted by International Decision Systems and KLC Financial in Minneapolis, MN. The CLFP designation is the preeminent credential for equipment leasing and financing professionals throughout the world who have demonstrated competency through testing of knowledge, continuing education, and a commitment to their business practices and dedication to the industry. Only 421 individuals in the world are currently certified as CLFPs. Congrats, Ashley!

  • Kinetic Leasing Welcomes Jo Olson

    Kinetic Leasing has hired Jo Olson as a full-time accountant. Before joining Kinetic Leasing, Jo was the accountant for her family-owned heating and air conditioning business, and most recently for a local church. Jo is very active in various business organizations in the Fargo–Moorhead area. She is originally from the lakes area of Minnesota, but she has called West Fargo–Fargo home for close to 30 years. Welcome, Jo!

  • Shawn Suess Expands Duties with Kinetic Leasing
    Shawn Suess

    Shawn Suess has been with Kinetic in various roles over the past two years. He recently added to his duties within the Operations Division by taking on bank funding and other projects related to the non-recourse portfolio. Shawn has an undergraduate degree in Exercise Science, and he recently finished his Master of Healthcare Administration program at Minnesota State University Moorhead (MSUM). Welcome, Shawn!

  • Kinetic Leasing Welcomes Minara Sooriyaarachchi as an Intern
    Minara Sooriyaarachchi

    Kinetic Leasing is happy to welcome Minara Sooriyaarachchi as a financial analyst intern. Minara has an undergraduate degree in Physics from Minnesota State University Moorhead (MSUM) and is currently working towards an MBA, with an emphasis in finance. He is from “all over”, and he has working experience in both the financial and scientific research fields. Welcome, Minara!

  • Kinetic Leasing Hires Isaac Nepstad
    Isaac Nepstad

    Isaac Nepstad has been hired as a full-time employee to support Kinetic’s Chief Credit Officer in analyzing customer financial statements. Isaac recently graduated with a B.A. in Finance from Concordia College in Moorhead, MN. Previously, he interned at Kinetic Leasing in the same role, and he also interned at Merrill Lynch. Isaac grew up in Mayville, ND. Welcome, Isaac!

  • Kinetic Leasing Hires Jake Hintz and Austin Young
    Jake Hintz and Austin Young

    Kinetic Leasing has hired Jake Hintz (right) and Austin Young (left) for our sales team. Both are recent graduates of the University of North Dakota in Grand Forks, N.D.—Jake with a degree in managerial finance and accounting, and Austin with a degree in entrepreneurship. Previously, Jake worked as an intern at Kinetic Leasing, assisting in collections and documentation. Austin helped with cold calling/campaigning for Congressman Kevin Cramer (ND-R). Jake is a native of Fargo, and Austin hails from Plymouth, MN. Welcome aboard!

  • Kinetic Leasing welcomes Mike Rausch to our Sales Team
    Mike Rausch

    Kinetic Leasing is happy to welcome Mike Rausch to our sales team. Mike will be working remotely from Marshall, Minnesota. Mike comes to Kinetic with 20 years of experience in the equipment financing industry, including more than 7 years of experience with FedEx vehicle financing and leasing. Welcome, Mike!

  • Kinetic Leasing announces the hire of Curt Kovash as VP, Business Development
    Curt Kovash

    Previously, Curt worked for US Bank Equipment Finance in Marshall, MN for 26 years in senior management, sales management, and direct sales roles. He has relocated and will be working out of our headquarters in Fargo. Welcome, Curt!

  • Kinetic Leasing announces the promotion of Kari Hage to Operations & Debt Placement Manager
    Kari Hage

    Kari will be responsible for managing day-to-day operations and coordinating with banks to fund new leases. Kari joined Kinetic Leasing in 2014 as a funding coordinator. Congratulations, Kari!

  • Kinetic Leasing Attends Ndba/sdba Annual Convention in Bismarck

    Dan Saville, SVP, attended the annual North Dakota–South Dakota Bankers Association convention and represented Kinetic Leasing at booth #27. Dan told interested attendees about Kinetic Leasing’s Bank Lease Program. Through this popular program, Kinetic Leasing partners with banks to provide their customers with equipment leasing options. Currently, Kinetic Leasing partners with 250+ banks in 175+ cities in 14 states.

  • Kinetic Leasing to Sell Additional Preferred Stock

    Kinetic Leasing is pleased to announce, as a result of its sizable growth over the past few years, that it will be selling up to $2 million of a Series 3 Preferred Stock. President Al Hintz stated, “With our equipment lease portfolio growing to over $230 million in size, we are in need of raising additional equity capital to keep up with our growth. This additional Preferred Stock will be blended with additional borrowings from our community bank partners to provide us with a reasonable cost of funds to ensure our profitability continues at is has in the past many years.” Kinetic Leasing commenced the selling phase of these shares today, and will continue to sell to prospective investors through September 30, 2016. The offering boasts an attractive 10% dividend yield, paid quarterly, and is being offered to accredited investors.

  • Kinetic Leasing Well Represented in the 2016 Fargo Marathon
    Fargo marathon competitors

    Congratulations to staff and relatives and friends of staff who ran a “half” (13.1 miles) in the Fargo Marathon on May 21, 2016. They are (from left to right): Matt Cook (husband of Ashley Cook), Ashley Hintz (daughter of Al and temp employee), Ashley Hull (friend of Jake Reopelle), Al Hintz, Dustin Elliott, and Zach Schmidt (former employee). Not pictured is Molly Masseth, fiancè of Ryan Oas. This year’s half marathon course started inside the Fargodome, turned south through the NDSU Campus, and on to the Broadway Mile—right down the heart of downtown Fargo. From there, the route continued past historic homes on 8th and 9th streets and finished back in the Fargodome. The punishing run isn’t for the faint of heart. Bravo, everyone!

  • Kinetic Leasing Welcomes Isaac Nepstad Aboard as an Intern
    Isaac Nepstad

    Isaac is supporting Kinetic’s Chief Credit Officer, analyzing customer financial statements. Isaac will graduate with a B.A. in Finance from Concordia College in December. He also interned at Merrill Lynch this past school year. Welcome, Isaac!

  • Kinetic Leasing Welcomes Trent Olson as a Full-Time Document Support Specialist Within Our Small Ticket Division
    Trent Olson

    Trent has been with Kinetic in a part-time role for the past 7 months, and he has assisted us in many projects and duties. In addition to his duties within the Small Ticket Division, Trent will work on bank funding and other projects related to the non-recourse portfolio. Trent will be graduating from NDSU in mid-May. Welcome, Trent!

  • Kinetic Leasing Welcomes Ryan Oas as an Account Executive
    Ryan Oas

    As we continue to expand our business development area, Ryan is a great addition to our sales staff. Ryan has worked at Bell State Bank, and most recently as a Commercial Lender in the Business Banking Department at Alerus Financial. He is a native of Oslo, MN and a graduate of NDSU. Welcome, Ryan!

  • Kinetic Leasing Hires Rochelle Castor as a Documentation Specialist

    Rochelle worked in the Eide Bailly LLP Training & Development Department as the CPE Registrar for over 10 years where she managed the professional database for 1,500+ licensed CPAs, and she was a resource on licensure requirements and continuing education. Rochelle is a native of North Dakota and brings that hard-working, finish-the-job Midwestern work ethic to the table wherever she goes. Welcome, Rochelle!

  • Kinetic Leasing is Pleased to Announce the Hire of Tammy Grondahl as a Collections/Accounts Receivable Specialist
    Tammy Grondahl

    We have grown our portfolio over the past two years, and we are in need of someone to manage this process. Tammy comes to us with great experience. She worked the last 12 years at Corporate Technologies in the position of collections and cash receipts management. Welcome, Tammy!

  • Kinetic Leasing Moves Headquarters to New Facility in Fargo, ND
    new Kinetic Lease facility

    In October, Kinetic Leasing moved into a brand new, 9,000 square foot corporate office building in Fargo, ND. The new facility was needed to support Kinetic Leasing’s tremendous growth. The relocation was celebrated with an open house on November 19th. President Al Hintz thanked family, friends, and the business community for making Kinetic Leasing one of the top 100 largest equipment financing companies in the U.S. The Fargo–Moorhead Chamber of Commerce congratulated Kinetic Leasing on its success and presented it with a plaque for its “positive impact on our regional economy…”

  • Kinetic Leasing Welcomes Jake Reopelle as an Underwriter
    Jake Reopelle

    Jake will be working in the Small Ticket department, verifying and approving finances and ensuring that customer-submitted paperwork is in order. Jake graduated from the University of North Dakota in 2015 with a degree in accounting. Welcome, Jake!