Equifin, Inc. has pursued the strategy of liquidating assets from the Company's previous line of business and directing its efforts and assets to building a commercial finance company that provides asset-based credits to small and mid-sized business enterprises. The Company has discontinued and divested itself of unprofitable manufacturing operations, extinguished debt related to those operations and at the start of 2002 focused all of its resources on building a commercial finance company through Equinox Business Credit Corp., the Company's 81% owned subsidiary. Equifin's structured credits may also include subordinated secured loans, bridge loans, convertible loans, loan guarantees and other similar opportunistic situations. It hasa subsidiary, Equinox Factors, Inc., that provides factoring services. Equifin, Inc. is a non-depository credit institution and provider of the following: short-term business credit institutions, except agricultural, credit card services, central agency collection.