Founded in 1974, CreditAmerica has a long and successful history of providing tailored finance programs to commercial equipment vendors of middle to large ticket transactions.
At its inception CreditAmerica was primarily concentrated on providing businesses with financing for point of sale and office equipment.
By the turn of the millennium, seeing the difficulties faced by vendors of capital equipment and fixtures to provide financing for their clients in the real estate industry, CreditAmerica shifted its focus to address these growing needs of an underserved and often misunderstood market.
It is this mission of CreditAmerica to be the premier source of equipment financing for the Real Estate Industry and the vendors that serve it.
CreditAmerica Corporation's founder, Douglas W. Baena, is a CPA (inactive) who has over 40 years in the equipment leasing industry.
In addition to founding CreditAmerica, in 1978 Mr. Baena co-founded Vendor Funding Co. Inc.to provide financing of middle market transactions originated through vendors of capital equipment. In 1987, the year of the sale of Vendor Funding to First NH Banks, annual volume had risen to almost $100 million and Vendor Funding had grown to be ranked as one of the Newsday's Top 50 Companies on Long Island, New York.
In 1994 Mr. Baena headed up a group that purchased the assets of Mako Boat Company, a manufacturer of sport fishing boats. Subsequently the group took the company public and in 1997 sold the company to Tracker Marine.
Mr. Baena is a member of the Board of Directors & Chairman of the Audit Committee of Seaboard Corporation (AMEX:SEB), an agri-conglomerate and Fortune 500 company.