CHICAGO — Wentworth Capital is expanding its leasing and financial services business following the opening of new offices in North Carolina and California.
The Portsmouth, N.H., company specializes in plastics equipment financing, but also handles receivables and equity financing in some cases, said Charles R. Rubin, the new vice president and western region manager.
With interest rates dropping, the company has been doing a brisk business refinancing equipment loans. Rubin said Wentworth has an advantage over traditional bank financing, because it understands more about plastics processing and machinery.
``Your average banker is a generalist,'' he said during Plastics USA in Chicago. ``By the time they've learned enough to understand you and your business, they've probably rotated to handling other clients and you have to train someone new.''
Wentworth has offices serving the plastics industry in Cleveland; Charlotte, N.C.; and the newest, in Newport Beach, Calif., which opened in July.