(Regular Edition Below)
Curt Webster, CVLE, active in leasing since 1977, started Vehicle Lenders Group, LLC in 2005, also TrucklendersUSA, passed away from Pancreatic cancer. From April, 1994 to August, 1997, he was board chair of Coast to Coast Automobile Finance. He was a recovering alcholic, very active in Alcohol Anonymous as wells as past board chair and long time board member of the Long Island Council on Alcoholism and Drug Dependence, a good friend of Kit Menkin and supporter of the Salvation Army Adult Alcohol Rehabiltation Centers.
Archive --- August 9, 2001
You May have Missed---
######## surrounding the article denotes it is a “press release”
and was not written by Leasing News nor information verified, but from the source noted. When an article is signed by the writer, it is considered a “by line.” It reflects the opinion and research of the writer. It is considered “bias” as it is the writer’s viewpoint.
(At the time she was vice president, syndications
Today will be my last day at Mellon US Leasing. I would appreciate your redirecting your newsletter to my home e-address (as indicated in the cc above) until I surface elsewhere. The absorption of MUSL into GE Capital process is at the halfway mark, with today being 60 days post closing date of the sale by Mellon. The turn out the lights day for the San Francisco operations is October 5, 2001.
I have been most appreciative of my daily Menkit - dose and hope that you can continue indefinitely what I imagine is a mostly rewarding but perhaps sometimes thankless endeavor. You are performing a real service to the leasing industry for which I thank you.
As I leave US Leasing behind and look forward to a bit of a sabbatical while I figure out what comes next, it is worthwhile to note in passing that if US Leasing had made it to 2002, this Granddaddy of the leasing industry would have hit its Golden anniversary next year. Instead it must remain forever a 49er, which in the final analysis isn't the worst thing that could happen to a venerable San Francisco based institution now laid to rest!
Again, thank you for your continuing service and happy trails to you.
(Today she is Vice President, Secondary Markets, Equipment Finance Division at Bank of the West, San Francisco, California)
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Most Recent “Credit Story List”
To qualify for this list, the company must be a funder (as qualified by Leasing News and on the “Funder List, meaning we have verified with their banker, investor, or they are a public company, that 50% of their transactions are "full recourse.") They also have to have a good reputation as evidenced by an acceptable Better Business Bureau Rating and no history of complaints at Leasing News, as well as notifying lessees in advance when the lease will end and what the residual will be, specifically not automating extra lease payments, or insisting their discounter follow the same policy. We reserve the right to not list a company who does not meet these qualifications.
These companies may accept and compete in "A" and "B" marketplaces, but also specialize in "C" and "D" credits, often new businesses, or businesses where the principal(s) have Beacon score around 600 or previous difficulties or the equipment may be considered poor collateral or attracting problems; meaning to become comfortable with the credit and financial situation you need to learn the "story" to make a positive decision, often requiring further security, shorter term, or additional guarantors. Their specialty is not being a “cookie cutter” and often require full financial statements and tax returns as well as a “story about the company, its history, goals, circumstances” to fully understand the full financial picture.
Leasing News encourages companies who are listed to contact us for any change or addition they would like to make. Adding further information as an "attachment" or clarification of what they have to offer would be helpful to readers is very much encouraged.
KFC versus Chick-fil-A
The recent publicity regarding Chick-fil-A gives the impression the fast food restaurant is a relatively small operation. It actually is not true.
With 3,000 units less, Chick-fil-A sales almost equals KFC in sales, as well as have the highest outstanding sales per unit, over three times KFC's number.
Many have rallied around their political stand, while others protest. This article has nothing to do with the politics or taking sides, but for the record, here are the top fast food chicken restaurants, according to QRS Magazine, as of year-end 2011:
Mary Angert was promoted to assistant vice president, application support, at CSI Leasing, St. Louis, Missouri. "Previously senior vice president and chief credit officer, Pratt oversees CSI’s global credit operations. He has been with CSI for 17 years." Webster University Masters, Information Systems (2003 – 2004), Azusa Pacific University Masters in Education, Educational Technology (1993 – 1994),University of Missouri-Rolla Bachelor of Science, Mechanical Engineering (1976 – 1980).
Ryan Bauer was promoted assistant vice president, finance, at CSI Leasing, St. Louis, Missouri. He joined the firm August, 2008. "Previously credit analyst, Bauer assists with transaction finance and helps develop vendor programs in CSI’s Government and Education Finance Division." University of Missouri-Columbia, College of Business BS BA, Finance and Banking, Real Estate (2004 – 2008), Graduated Cum Laude, Activities and Societies: Phi Delta Theta, Rho Epsilon. DeSmet Jesuit High School (2000 – 2004).
Jeff Brannon, co-founder, managing partner, METRIX Capital Group, LLC, Orange County, California is now a stakeholder in Iviu Technologies. He is also a stakeholder in GreenGlobal, LLC (May, 2012), Little Orbit (May, 2012), and was previously a managing partner, CEO, Strade Capital Corporation (September, 2004-June, 2011), CEO, SlumpBuster Energy (2006-2008), SFG, Balboa Capital (1998-2004). California State University-San Bernardino - College of Business and Public Administration MBA, General (2007 – 2008), California State University-Long Beach - College of Business Administration Bachelor of Science, Finance, Management.
Michael Casey appointed business development at Key Equipment Finance Canada, Ltd., Burlington, Ontario, Canada. Previously he was vice president, FSS Financial Services (June,2009 -July, 2012), director, business aviation, Key Equipment Finance (2004-2008), manager, structured finance, Bombardier (2002-2004), manager, operating lessors, Bombardier Aerospace (1998-2001), director, commercial transportation leasing (GE Capital (1987-1998), The University of Western Ontario, Bachelor of Arts (1981-1984).
Bill Elmore, was promoted assistant vice president, applications development t CSI Leasing, St. Louis, Missouri." Previously senior programmer/analyst responsible for Web development and .NET programming, Elmore is now managing projects to upgrade customer-facing applications and is the systems architect for .NET development. He has been with CSI for 13 years."
Chas McDaniels was promoted to senior vice president and United States chief credit officer at CSI Leasing, St. Louis, Missouri. He joined the firm in 2002. "Previously vice president and United States chief credit officer, McDaniels manages the credit department and portfolio in the United States." University of Colorado at Boulder BA, Business (1995 – 1999), MBA--Finance & Accounting--Regis University--2004.
Don Pratt was promoted to executive vice president and chief credit officer at CSI Leasing, St. Louis, Missouri, as wells as director, CSI Leasing Holdings Australia Party, Ltd." Previously senior vice president and chief credit officer, Pratt oversees CSI’s global credit operations. He has been with CSI for 17 years."
David Tyler was promoted to assistant vice president, credit administration at CSI Leasing, St. Louis, Missouri. He joined the firm in 2007. "Previously credit analyst, Tyler assists in managing the U.S. and Canadian credit portfolios." Prior he was an intern at Russell Capital Management (August, 2006-December, 2006), personal trainer/fitness area supervisor, University of Kentucky, Johnson Center (March, 2005-December, 2006). BA, Finance (2003 – 2007).
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Growth of Healthcare asset finance
Medical equipment leasing and renting is developing its role to free up ‘frozen capital’ in world healthcare systems.
Budget deficit and sovereign debt concerns have prompted many developed countries to rein in healthcare budgets and reform their healthcare systems in recent years.
As a result of some or all of a range of factors - ageing demographics, accumulated budget deficits, rising demand for healthcare services, over-prescription, a bewildering array of new treatments (especially biotech) - healthcare spending has become unsustainable in the long run in many mature economies.
Health policymakers are now confronted with the double challenges of curbing rising healthcare costs while maintaining the quality of healthcare services.
More efficient financing
According to Melting the Iceberg, a study by Siemens Financial Services (SFS), evidence is emerging that the use of more efficient financing techniques, such as leasing, is on the rise and is gradually helping to address the frozen capital challenge.
In 2011, the European market for medical equipment rental and leasing is estimated at €8.4bn (US$11.2bn) in 2011. In 2017, the market is projected to reach €11.9bn (US$15.9bn), registering a compound annual growth rate (CAGR) of 5.8% between 2009 and 2017.3
Due to budgetary constraints leasing is growing as a preferred alternative for financing medical technology in countries such as Germany, France, and the UK.
An increasingly ageing population and a rise in the incidence of chronic diseases in Western Europe have resulted in a higher demand for patient monitoring devices in hospitals and in homecare settings, further encouraging the use of leasing for acquisition of medical equipment.
In Germany, the largest medical equipment market in the European region, leasing of medical technology is a very popular practice. In the US, the market for medical equipment rental and leasing is estimated to be slightly less than that of Europe, at €7.8bn (US$10.4bn) in 2011.
However, the US leasing and rental market is expected to overtake Europe in 2017 with a projection of €12bn (US$16bn).
In China, the projected medical equipment market is expected to reach €10.5bn (US$14.1bn) by 2015.
However, it would appear that the largest nation on earth has taken the issue of sustainable financing seriously and is increasingly implementing such techniques. According to official sources, the penetration of leasing as a proportion of all healthcare equipment spending has risen rapidly, and is predicted to continue doing so throughout this second decade of the twenty-first century.
Perhaps the most important finding of this study is that growth in the medical equipment leasing market is outpacing growth in the market as a whole.
This is highly significant, in that it provides an evidential basis that leasing is being used for an increasing proportion of medical equipment acquisition. As the use of leasing and renting increases, the burden of frozen capital in pressurized healthcare systems around the world is gradually being eroded. This evidence also indicates a spreading realisation amongst healthcare financial managers that necessary, up-to-date technology is either unaffordable or financially unsustainable unless greater use is made of private sector capital through methods such as leasing.
Melting the Iceberg: a study providing evidence that asset finance is reducing the burden of ‘frozen capital’ in global healthcare markets www.siemens.com/finance-publications
Full story available at
(This ad is a “trade” for the writing of this column. Opinions
States with the Highest Underemployment Rate
"While the unemployment rate is the statistic most talked about in the media, it does not give a full picture of the employment situation in this country. In order to be unemployed, one must be out of work and have actively searched for a job within the past four weeks. Some people who have not been able to find jobs have dropped out of the labor force altogether. Others are considered “marginally attached” to the labor force, meaning they have looked for a job within the past year, but not actively in the past four weeks.
“Finally, there are many people who are working part-time but would prefer full-time work. All of the people in these situations are part of a state’s underemployment rate. The underemployment rate in this country from the third quarter of 2011 to the second quarter of 2012 is 15.3%.
“24/7 Wall St. looked at the 10 states with the highest underemployment rate. Not surprisingly, the official unemployment and underemployment rates are highly related. Four of the top five states on the list are in the top five in terms of unemployment.
“The underemployment rate is also generally tied to a state’s housing market. Five of the states on this list made 24/7 Wall St.’s recent report on the 10 states with the most underwater mortgages.
“Finally, income growth per capita has not been as strong in states with the highest underemployment. Three of the 10 states on the list were in the bottom 10 states for income per capita growth, with another three ranking in the bottom 20.”
(Leasing News provides this ad as a trade for investigations
“Divorce” by Barry Marks, Esq.
(Barry is a well-known leasing attorney, active in several
This poem is from his latest book of poetry: “Sounding”
Now that you’re old enough,
We confuse the issue of love
We say things like:
“We still love each other,
“Our forever is over but our love for you
“People don’t fall out of love---
We look for you to act out
Now that you’re old enough,
Children are like eggs
The one fragile,
The other peels away,
It’s unfair that I go on without you
There is a beautiful photo of his daughter in the front. This book is dedicated to her. It describes a father's journey from loss to grief and to healing. Leah Ellen Marks passed away too young, at the age of 17, as a result of a car accident caused by an impaired driver. It has poems before the terrible event.
I am awed by the emotion, the candor, how revealing and powerful Barry expresses his thoughts, and how they become more than a message but a lesson in life.
Kit Menkin, editor
$15.95 at Amazon
Also available direct from the publisher:
Barry Marks, Esq. Poetry Book of the Year in Alabama
Poems by Barry Marks, Esq.
A few of Barry's Poems
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