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Introducing Providence Financial Company, LLC
The founder of Providence Financial Company, Inc. is Brent H. Van Alfen. After earning his MBA degree in 1969 from Utah State University, he worked in commercial banking and was a registered representative of the New York Stock Exchange, NASD and American Stock Exchange while employed by a major national brokerage firm. His interest in and aptitude for finance, financial consulting and brokering led him to establish PFC in 1974. In the early years, his primary business was equipment leasing and lease brokering. He was one of the first lease brokers in the area and specialized in leasing agricultural equipment. In that capacity, he introduced the agricultural equipment leasing business to several major banks and lending institutions and brought the ag leasing alternative to the Intermountain area where it previously did not exist.
Over the years, his leasing activities spread to many more types of equipment and to many and varied categories of lessees. Included in his client profiles are farmers, small businesses, high tech businesses, Native American business enterprises, manufacturers and food processors. Further, he broadened his business base to include other types of business credit including commercial mortgage loans, receivable and inventory lines, etc. He also arranged funding for a large rural apartment development using an FmHA rural development loan.
In addition to his financial brokering activities, Mr. Van Alfen has acted as a principal, equity participant and consultant to small and medium size businesses. This experience has given Mr. Van Alfen a unique perspective on the financial challenges of starting, building, and managing a business. There are very few, if any, types of commercial financing that he has not participated in or is not familiar with.
More recently, he has provided consulting and brokering services to charter schools and developed the monthly "Charter School Business" newsletter, which serves the industry at no charge with timely information concerning the business side of managing a charter school. He has presented at many charter conferences nationwide. Providence Financial has become the largest financial advisor to charter schools in the country.
In 2007 Rick VanAlfen, CPA joined Providence Financial and the company was reorganized as an LLC. Rick brought with him 13 years of valuable experience in finance and accounting. Rick earned his masters degree in accounting at the University of Utah and spent nine years with Deloitte and Touche in Salt Lake City and in Deloitte's headquarters in Wilton, Connecticut. He also has experience in the finance department of two Fortune 100 companies, having served as Vice President of Accounting at American Express in New York and as Director of Financial Reporting and Accounting Policy at Albertsons/SUPERVALU. With this senior level experience, Rick has expertise in financial modeling and debt structuring. Rick brings with him this unique knowledge and experience to assist our clients with developing their budgets, projections, offering statement disclosure, and the development and presentation of financing applications.
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