Foothill Group, the nation’s largest independent commercial...

Foothill Group, the nation’s largest independent commercial finance company, reported a third-quarter loss of $7.19 million. The Los Angeles-based firm reported operating income of $337,000 on revenue of $14.37 million for the three months ending Sept. 30. Foothill Thrift & Loan, a subsidiary, in the third quarter discontinued its conditional-sales contract financing operation that had resulted in a loss of $7.5 million for the quarter. The loss includes anticipated write-downs and expenses so subsequent earnings of continuing operations should not be affected, the corporation said.