History of Coffman Capital Inc.
Coffman Capital Inc. is a subsidiary of Coffman Funding Inc., formerly known as Coffman Holdings, which originally also owned Coffman Systems, which was (and in another incarnation still is) a manufacturer of hydraulic water treatment systems sold throughout the Western Hemisphere. The business was owned by Dale Windsor, a successful, high-achieving engineer and entrepreneur – and another partner. The source of the Coffman name sort of fades into obscurity but has been associated with the business since the beginning.
When Coffman Systems was manufacturing the equipment in Oldsmar, FL, Coffman Capital was created in 1996 to lease the products to the end users, often municipalities for which leasing was much easier than outright purchase. It then explored financing products such as healthcare equipment leasing, and found that certain leasing companies would actually finance a doctor’s practice using a lease document and close in just a couple of weeks!
That spawned an entirely new product line – Doctor Practice Financing which became a new focus in 1998. Coffman Capital became a national leader in dental practice financing. At the same time, we also were financing hotel franchise conversions and other business acquisitions using SBA funding programs.
We expanded into financing medical surgery centers using medical equipment leasing programs and SBA loans. Then chiropractic, veterinary, podiatry, and optometry/ophthalmology practices became part of our expertise. A few years later we helped pioneer CPA and accounting practice financing which heretofore had been done via installment sales known as “earn-outs”. Financial planning & insurance practices soon followed when they were encountered.
Along the way, we have partnered with institutions large and small (not to mention good and bad). We’ve been instrumental in launching programs that before the institutions worked with us, did not exist. And unfortunately, some lenders used us to help launch programs and then abandoned us. So we learned a lot along the way.
What Coffman Capital has also done is recruit and train some excellent professionals who “graduated” from Coffman and moved on to successful careers in lending and beyond. Some remain in touch as “strategic partners” or just good friends. That door is still open for those seeking to work outside the banking industry and achieve individual goals.
Ownership: Dale Windsor eventually retired from active involvement in 2016 and the business was taken over by Matthew Parker who has been with the firm since 1999 and had introduced the SBA lending expertise at that time. He relocated the firm to its current Tampa address in 2018.
Matthew Parker – Matt comes from a long lending career including (deep breath): mortgage origination, wholesale lending, major corporate lending with national marketing programs, mortgage and commercial loan brokering, bank mortgage department management, and SBA lending.
James B. Ellis – Jim has been with us since 2007 and has a long background in branch banking and lending with large and small institutions. He is known for his loyalty to his customers and determination to see things through to finishing the transaction successfully.
Coffman Capital has been through the financial booms and busts since the mid-nineties and is here to help you achieve your professional goals. Please contact us at 813-891-1811 and let us know how we can help you today!