Free Historical Stock Data on CapitalSource
Stock Symbol: CSE
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Business Description
CapitalSource Inc. is a commercial finance company providing loans to small and medium-sized businesses. The Company provides debt-financing products that it negotiates and structures on a client-specific basis through direct interaction with the owners and senior managers of its clients. The financing needs of the Company's clients are specific to their businesses or their situation. Focusing its efforts in these specific sectors, industries and markets allows the Company to design and implement lending products that satisfy the special financing needs of clients. Its lending groups are Corporate Finance, which provides senior and mezzanine loans to businesses backed by private-equity sponsors; HealthCare Finance, which provides asset-based revolving lines of credit, first mortgage loans, equipment financing and other senior and mezzanine loans to healthcare companies, and Structured Finance, which provides asset-based lending to finance companies and commercial real estate owners.
Financial Information
For the nine months ended 9/30/04, interest income increased 79% to $280.2 million. Net income rose 10% to $86.1 million. Results reflect a growth in the balance of loans outstanding, partially offset by a higher tax rate.
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