Exhibit 99

For Release October 19, 2011		Contact:
4:01 pm		Dave Mossberg
		Three Part Advisors, LLC
		Tel: 817-310-0051

MICROFINANCIAL INCORPORATED ANNOUNCES
THIRD QUARTER 2011 RESULTS

Burlington, MA — October 19, 2011 — MicroFinancial Incorporated (NASDAQ: MFI), a financial intermediary specializing in vendor-based leasing and finance programs for microticket transactions, today announced financial results for the third quarter and the nine months ended September 30, 2011.

Quarterly Highlights:

	•		Increased cash received from customers by 11.7% to $26.9 million, or $1.85 per diluted share, with net cash from operations increasing by 10.2% to $21.2 million, or $1.46 per diluted share, as compared to the same period last year;
	•		Increased total revenues by 6.8% to $13.8 million as compared to the same period last year;
	•		Increased net income for the quarter by 22.0% to $2.3 million or $0.16 per diluted share as compared to the same period last year;
	•		Decreased net charge-offs by 21.9% to $4.2 million as compared to the same period last year;
	•		Paid a quarterly dividend of $0.05 per share;
	•		Leverage continues to be conservative at 1.0 times total liabilities to stockholder equity;
	•		Extended the term of the revolving line of credit facility by an additional year.

Third Quarter Results:

Net income for the third quarter ended September 30, 2011 was $2.3 million or $0.16 per diluted share based upon 14,538,910 shares, compared to net income of $1.9 million, or $0.13 per diluted share based upon 14,492,842 shares for the same period last year.

Revenue for the third quarter of 2011 increased 6.8% to $13.8 million compared to $12.9 million in the third quarter of 2010. Revenue from leases was $9.3 million, an increase of $0.5 million from the same period last year and rental income was $2.2 million, an increase of $0.3 million from September 30, 2010. Other revenue components contributed $2.3 million for the current quarter, an increase of $0.1 million from the same period last year.

Total operating expenses for the current quarter increased 2.0% to $10.0 million from $9.8 million in the third quarter of 2010. Selling, general and administrative expenses increased $0.5 million to $3.9 million primarily due to increases in employee related expenses as a result of

increased employee headcount and increased rent expense associated with our new California office location. Headcount as of September 30, 2011 was 133 as compared to 111 at the same period in 2010. The third quarter 2011 provision for credit losses decreased by $0.5 million to $4.5 million compared to the third quarter of 2010 due primarily to improvements in delinquency levels and reduced charge-offs. Third quarter net charge-offs decreased to $4.2 million from $5.4 million in the comparable period of 2010. Interest expense remained relatively flat at $0.7 million as increases in the amounts outstanding under our revolving line of credit facility were offset by reductions in the interest rate being charged.

Cash received from customers in the third quarter increased 11.7% to $26.9 million compared to $24.1 million during the same period in 2010. New originations in the quarter increased slightly to $19.6 million for the third quarter of 2011 as compared to $19.3 million in the third quarter of 2010.

Richard Latour, President and Chief Executive Officer said, “We are very pleased with the continued improvement in our financial performance in the third quarter of 2011. We have realized solid earnings year to date of approximately $6.6 million and recognized our 19^th consecutive quarterly increase in cash received from customers. Our portfolio quality remains strong as we have significantly improved our delinquency levels and reduced our net charge-offs in 2011 as compared to 2010. During the third quarter, we continued the development and training of the personnel in our full service West Coast operations center in Westlake Village, California. In addition, we were recently able to close on an amendment to our revolving credit facility which provided us with a one year extension on the term extending our facility out to August of 2014.”

Year to Date Highlights:

	•		Increased net income by 76.0% to $6.6 million as compared to the same period last year;
	•		Increased cash received from customers by 15.0% to $79.4 million or $5.47 per diluted share with net cash from operations increasing by 16.1% to $62.9 million or $4.34 per diluted share as compared to the same period last year;
	•		Increased total revenues by 7.3% to $40.6 million as compared to the same period last year;
	•		Improved year to date net charge-offs by 26.5% to $13.5 million as compared to the same period last year;
	•		Paid three quarterly dividends totaling $0.15 per share through the third quarter of 2011.

Year to Date Results:

For the nine months ended September 30, 2011, net income was $6.6 million versus net income of $3.8 million for the same period last year. Net income per diluted share year to date was $0.46 based on 14,513,708 shares versus $0.26 based on 14,454,201 shares for the same period in 2010.

Revenues for the nine months ended September 30, 2011 increased 7.3% to $40.6 million compared to $37.8 million during the same period in 2010. Revenue from leases was $27.5

million, an increase of $2.1 million from the same period last year and rental income was $6.3 million, an increase of $0.5 million from the nine months ended September 30, 2010. Other revenue components contributed $6.8 million, an increase of $0.2 million from the same period last year. New contract originations year to date through September 30, 2011 were $56.7 million versus $58.4 million through the same period last year.

Total operating expenses for the nine months ended September 30, 2011 decreased 6.0% to $29.8 million versus $31.7 million for the same period last year. The provision for credit losses decreased by $3.9 million for the nine months ended September 30, 2011 to $13.5 million due to lower delinquency and charge-off levels. Year to date net charge-offs decreased to $13.5 million as compared to $18.3 million for the same period last year. Selling, General and Administrative expenses increased $1.7 million to $11.9 million due primarily to increased employment levels and rent expense. Interest expense decreased by $0.4 million to $2.0 million as a result of a lower cost of funds on our revolving line of credit. Year to date cash from customers increased 15.0% to $79.4 million as compared to $69.1 million for the same period last year.

MICROFINANCIAL INCORPORATED
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands, except share data)
(Unaudited)

		September 30,				December 31,
		2011				2010
ASSETS
Cash and cash equivalents		$	1,647			$	1,528
Restricted cash			1,058				753
Net investment in leases:
Receivables due in installments			195,964				191,067
Estimated residual value			22,870				21,832
Initial direct costs			1,404				1,490
Less:
Advance lease payments and deposits			(3,595	)			(3,479	)
Unearned income			(59,291	)			(59,245	)
Allowance for credit losses			(13,188	)			(13,132	)
Net investment in leases			144,164				138,533
Investment in rental contracts, net			860				461
Property and equipment, net			2,020				800
Other assets			1,214				1,530
Total assets		$	150,963			$	143,605

LIABILITIES AND STOCKHOLDERS’ EQUITY

		September 30,				December 31,
		2011				2010
Revolving line of credit		$	60,527			$	62,650
Capital lease obligation			4				26
Accounts payable			2,382				2,435
Dividends payable			15				5
Other liabilities			3,068				1,375
Income taxes payable			321				—
Deferred income taxes			10,453				7,627
Total liabilities			76,770				74,118
Stockholders’ equity:
Preferred stock, $.01 par value; 5,000,000 shares authorized; no shares issued at September 30, 2011 and December 31, 2010			—				—
Common stock, $.01 par value; 25,000,000 shares authorized; 14,257,324 and 14,231,933 shares issued at September 30, 2011 and December 31, 2010, respectively			143				142
Additional paid-in capital			46,692				46,475
Retained earnings			27,358				22,870
Total stockholders’ equity			74,193				69,487
Total liabilities and stockholders’ equity		$	150,963			$	143,605

MICROFINANCIAL INCORPORATED
CONDENSED CONSOLIDATED STATEMENTS OF INCOME
(In thousands, except share and per share data)
(Unaudited)

		Three Months Ended								Nine Months Ended
		September 30,								September 30,
		2011				2010				2011				2010
Revenues:
Income on financing leases		$	9,306			$	8,790			$	27,543			$	25,421
Rental income			2,192				1,917				6,271				5,795
Income on service contracts			97				124				308				397
Loss and damage waiver fees			1,241				1,154				3,662				3,377
Service fees and other			935				912				2,798				2,846
Total revenues			13,771				12,897				40,582				37,836
Expenses:
Selling, general and administrative			3,900				3,356				11,890				10,167
Provision for credit losses			4,517				4,969				13,520				17,462
Depreciation and amortization			873				731				2,337				1,633
Interest			700				743				2,043				2,439
Total expenses			9,990				9,799				29,790				31,701
Income before provision for income taxes			3,781				3,098				10,792				6,135
Provision for income taxes			1,456				1,192				4,155				2,363
Net income		$	2,325			$	1,906			$	6,637			$	3,772
Net income per common share:
Basic		$	0.16			$	0.13			$	0.47			$	0.26
Diluted		$	0.16			$	0.13			$	0.46			$	0.26
Weighted-average shares:
Basic			14,253,702				14,263,726				14,244,074				14,235,086
Diluted			14,538,910				14,492,842				14,513,708				14,454,201

About The Company

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.

Statements in this release that are not historical facts, including statements about future dividends or growth plans, 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.