Mr. Peter “Pete” Cooper, in his current position is responsible for developing new business opportunities for Cornerstone with medically related product and service vendors, medical practices and medical facilities. These services primarily include equipment leases and rentals for new and used equipment, software, diagnostics and reagents plus loans for accounts receivable, expansion, acquisition and operations.

Prior to joining Cornerstone, Mr. Cooper had over 35 years of experience in financial services, general business consulting and real estate.

He has been an officer and/or principal, investment banking/registered representative and held sales management positions in the financial services industry, with several FINRA member firms, specializing primarily in private placement financings. As Managing Partner for Sterling Advisory, Mr. Cooper conducted general business consulting concentrating in equipment leasing, healthcare, real estate, “Green” companies in the waste-to-energy, waste water treatment and air pollution control industries. His real estate experience includes brokerage plus property management for assisted living properties that included staff management, preparing forecasts and yearly budgets, cash flow analysis, rent collection, financing, among others.

Mr. Cooper holds an MBA from Marquette University in Milwaukee, Wisconsin and a BA in economics from Ripon College in Ripon, Wisconsin.

His extensive background in finance and business allow him to focus on financial strategies that consist of:

Finance Agreements,
Capital and Operating Leases,
Rental Programs and
Medical Facility Loans.

Cornerstone has the unique ADVANTAGE of having relationships with over 20 funding sources, which sets it apart from the typical single source leasing company or bank. These relationships allow Mr. Cooper to arrange funding for the more challenging customers and to custom design flexible structures for lease or rental transactions for both equipment and software and medical facility capital needs. Cornerstone’s current funding rate exceeds 95%.

In addition, the Cornerstone Preferred Vendor Program has allowed Mr. Cooper to offer participating vendors the opportunity to receive added benefits such as;

Monetary support to help offset sales and marketing expenses.
Sales incentives for the vendor’s sales team.
Customized forms, brochures and calculators
Special pricing for lease/rental programs and loans.

Attractive standard features for lease and rental programs include:

Up to 50% prepayment at the time a contract is executed and accepted (Software contracts may qualify for up to 100% prepayment) (credit dependent)
Balance is paid upon product or service delivery and acceptance by customer.
0 payments for 90 days or reduced payments for 3 to 6 months.
Single source UCCs filed for customers
$10,000 minimum transaction amount
3 to 5 year terms
Add-ons i.e. installation, training, service, warranties, reagents, licenses, build-outs, shipping, taxes, among others can be included.

Mr. Cooper’s primary areas of concentration include:

  • Medical equipment of all kinds
    • new and used
  • Laboratory equipment and services
    • Diagnostic equipment
    • Software (up to 100% prefunding available subject to credit approval)
    • Reagents (can be prefunded)
  • Medical facility finance needs
    • Equipment leases or rentals
    • Loans for:
      • Accounts receivable (not factoring)
      • Build-outs
      • Expansion/renovation
      • Acquisitions
      • New physician practices
    • Types of facilities
      • Surgery centers
      • Urgent Care centers
      • Ambulatory Care centers
      • Walk-in clinics
      • Rural acute care hospitals
      • Long-term care hospitals