MicroFinancial Incorporated Announces Increase in Bank Credit Facility

MicroFinancial Incorporated Announces Increase in Bank Credit Facility

BURLINGTON, Mass., Dec. 26, 2012 (GLOBE NEWSWIRE) -- MicroFinancial
Incorporated (Nasdaq:MFI) a financial intermediary specializing in
vendor-based leasing and finance programs for microticket transactions,
announced that its operating subsidiary, TimePayment Corp., has increased its
revolving line of credit from $100 million to $150 million with a six member
bank syndicate led by Sovereign Bank, a subsidiary of Santander Holdings USA,
Inc. and Banco Santander, S.A. (NYSE:SAN).

The credit agreement allows the Company to borrow up to $150 million against
eligible lease receivables subject to a borrowing base calculation. The
interest rate under the amended agreement continues to provide for either a
Prime Rate based or a Libor Rate based borrowing at the Company's option and
the maturity date of the amended facility was extended to December 21, 2016.

Richard Latour, President and Chief Executive Officer said, "Our ability to
increase our line of credit in this challenging economic environment
demonstrates a continued confidence in our Company.We are pleased to have
increased our credit facility which, when combined with our strong cash flow
from operations, will allow us to continue to provide our customers with the
financial services they need to grow their business."

About MicroFinancial

MicroFinancial Inc. (Nasdaq:MFI), is a financial intermediary specializing in
microticket leasing and financing.MicroFinancial has been operating since
1986, and is headquartered in Burlington, Massachusetts.

The MicroFinancial Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=10883

About Sovereign Bank, N.A., Santander Holdings USA, Inc. and Banco Santander,
S.A.

Sovereign Bank is among the top 25 banks in the United States with principal
presence in Connecticut, Delaware, Massachusetts, Maryland, New Hampshire, New
Jersey, New York, Pennsylvania, and Rhode Island.Sovereign has 721 branches,
2,195 ATMs and over 8,800 team members.Sovereign Bank's principal regulator
is the Office of the Comptroller of the Currency (OCC).Sovereign Bank is a
member of the Federal Reserve Bank System and the Federal Deposit Insurance
Corporation ("FDIC").For more information on Sovereign Bank, visit
http://www.sovereignbank.com or call 877-SOV-BANK.

Santander Holdings USA, Inc. is a wholly owned subsidiary of Banco Santander,
S.A., and parent company of Sovereign Bank, N.A..Banco Santander is a retail
and commercial global bank, with a presence in 10 main markets: US, Germany,
UK, Poland, Brazil, Mexico, Chile, Argentina, Spain, and Portugal.Founded in
1857, Santander has more than 102 million customers, approximately 14,500
branches – more than any other international bank – and 188,000
employees.Santander was recently recognized as the Best Global Bank in 2012
by Euromoney magazine.For more information on Santander, visit
http://www.santander.com.

Statements in this release that are not historical facts, including statements
about future dividends, growth plans, or future changes to the line of credit
are forward-looking statements made pursuant to the safe harbor provisions of
the Private Securities Litigation Reform Act of 1995.In addition, words such
as "believes," "anticipates," "expects," "views," "will" and similar
expressions are intended to identify forward-looking statements.We caution
that a number of important factors could cause our actual results to differ
materially from those expressed in any forward-looking statements made by us
or on our behalf. Readers should not place undue reliance on forward-looking
statements, which reflect our views only as of the date hereof. We undertake
no obligation to publicly revise these forward-looking statements to reflect
subsequent events or circumstances.We cannot assure that we will be able to
anticipate or respond timely to changes which could adversely affect our
operating results.Results of operations in any past period should not be
considered indicative of results to be expected in future
periods.Fluctuations in operating results or other factors may result in
fluctuations in the price of our common stock.For a more complete description
of the prominent risks and uncertainties inherent in our business, see the
risk factors described in documents that we file from time to time with the
Securities and Exchange Commission.

CONTACT: Dave Mossberg
         Three Part Advisors, LLC
         Tel: 817-310-0051

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