---Compliments of Terry Waggoner   

 

 

 

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Classified Ads---Credit

(These ads are “free” to those seeking employment or looking
to improve their position)

Will relocate for the right opportunity and can work remotely. I have (25+) years in making credit decisions, as well as helping sales team and third party originators close more transactions via understanding their applicant's financial abilities. I can create alternative or additional opportunities (and income) by knowing which type of loan is best for the borrower aaacorrespondent@gmail.com

Orlando, Florida As a Commercial Credit Analyst/Underwriter, I have evaluated transactions from sole proprietorships to listed companies, across a broad spectrum of industries, embracing a multitude of asset types. Sound understanding of balance sheet, income statement and cash flow dynamics which impact credit decisions. Strong appreciation for credit/asset risk.  rpsteiner21@aol.com  407 430-3917

Free Posting for those seeking employment in Leasing
http://www.leasingnews.org/Classified/Jwanted/Jwanted-post.htm

All “free” categories “job wanted” ads:
http://www.leasingnews.org/Classified/Jwanted/Jwanted.htm

 

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Top Stories:  February 17-February 19
Opened Most by Readers of Leasing News

(1)    Correction:
 Headline Left Out of Constant Contact Version
   EAR President Mark Anstett Pleads Guilty
      Sentencing Set for April 30, 2015
http://leasingnews.org/archives/Feb2015/2_19.htm#headline

(2) Leasing 102 Mr. Terry Winders, CLFP
          TRAC Leasing
http://leasingnews.org/archives/Feb2015/2_17.htm#trac

(3) New Hires---Promotions in the Leasing Industry
http://leasingnews.org/archives/Feb2015/2_19.htm#hires

(4) Pictures from the Past
    1994 - Two Shannons
http://leasingnews.org/archives/Feb2015/2_17.htm#pictures

(5) Second Black Bank Closes this Year
   Financial Difficulties Coming to Light
By Christopher Menkin
http://leasingnews.org/archives/Feb2015/2_17.htm#bank_beat

(6) Sales Make it Happen by Kit Menkin
            Hide that Chair!
http://leasingnews.org/archives/Feb2015/2_19.htm#hide

(7) EAR and Leasing Innovations
          by Christopher Menkin
http://leasingnews.org/archives/Feb2015/2_19.htm#innovations

(8) 3 Banks That May Not Survive 2015
  http://www.fool.com/investing/general/2015/02/16/3-banks-that-may-not-survive-2015.aspx

(9) Lendio to Partner with Staples on Small Business Lending
http://bankinnovation.net/2015/02/lendio-to-partner-with-staples-on-small-business-lending/

(10) The country’s last black-owned banks are in a fight
      for their survival
http://www.washingtonpost.com/blogs/wonkblog/wp/2015/02/13/the-countrys-last-black-owned-banks-are-in-a-fight-for-their-survival/

 

 

 

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The Changing Landscape of Equipment Leasing
by Christopher Menkin

There is a definite trend happening as evidenced in many places, including advertising here in Leasing News. In the late 1960's and early 1970's, the trend was moving away from companies such as CIT, Westinghouse, to name a few, who were doing 25% down on 36 month terms to "B" and "C" credit.  "A" credits in the large dollar amount were going with operating leases from bank operating lessors. The turnabout came with companies like AT&T, Foothill, Denrich, doing first and 10% (the purchase option paid as a security deposit) and terms up to 60 months, resulting in lower payments.  Buy rates were 18%.

Small ticket Buy-rates were 21% and higher on September 18, 1973, when Federal Prime Rates went to 10% (July 8, 1974, it hit 12%.) The sell rates didn't slow down leasing as the customers needed the equipment as well as working capital. Thus business working capital loans by third parties today is taking the slack from bank business lending, where four out of five applicants are turned down, according to SNL Financial statistics. Where do they go?

Thus the name changes of leasing associations as well as companies
either eliminating leasing to their name, becoming "Capital" or "Financial."

In addition, the trend has been to Equipment Finance Agreements (EFA). A good example of this is in a press release from a 23-year-old Brookfield, Wisconsin Company:

"Advantage Leasing Corporation has changed its trade name to Advantage+. The change was concurrent with the company’s introduction of a new business loan product (Equipment Financing Agreement). The name Advantage+ is designed to reflect that the company offers multiple financial products. Vice President Mike Elton explained, “We wanted our company’s name to better depict that we offer lease financing plus loans and other services.”

"An Equipment Finance Agreement (EFA) is a fixed-rate loan with regular periodic payments.  It allows borrowers to finance equipment and related costs. EFAs can cover equipment, shipping, installation, software, and startup costs. And EFAs don’t require advance payments, which further reduces borrowers’ upfront cash needs. Other benefits include options to pre-pay without penalty, add subsequent loans, and change terms midstream.

“Although our trade name has changed, our small business focus has not.  Advantage+ will continue to offer equipment leases, but we believe most borrowers and vendors will prefer EFAs to finance $2,000 to $200,000.

"As a direct lender, all loans are self-funded and retained in-house. The company has lent nearly a half-billion dollars to over 20,000 businesses...”

Many companies still are taking first and last with an Equipment Finance Agreement to increase their yield, as well as charging an interim loan payment to meet the supposed starting date. Most companies do charge interim lease payments, by the way; one that does not that come to mind is First Federal Leasing, Richmond, Indiana.

Many of the Equipment Leasing Finance agreements also use a purchase option, even when the contract says they own the equipment at the end. There are three such complaints regarding Mike Price and Radiance Capital, Tacoma, Washington, on the Leasing News Complaint Bulletin Board (1), as well as one in the pike regarding a $150,000 EFA that did not go through, but the broker has not returned the deposit. It may be common to add a balloon payment, but the EFA has to be worded differently and the balloon payment document cannot be labeled a "purchase option."

Leasing News has seen demands for extra payments on EFA's, even when the document does not include an "Evergreen Clause."

Perhaps many of those customers who are sold on an EFA were burned on $1.00 purchase options become "fair market value" or making extra payments due to not informing the lessor about the purchase option (even when it is a $1.00; several of these complaints on the Leasing News Bulletin Board).

The point is that EFA's are becoming more and more popular, and working capital loans (some used for purchasing equipment) are available. Those processing also don’t have to run site inspections, can add insurance if none is provided, no personal property reports, or worry about warranty or other issues as they are not the owner of the equipment.

The bonus for all is reportedly the customer repeats, many with relief after being turned down by the bank. And the third party originator, who has little work to do compared to all the paperwork and process of leasing, also gets protection and when the working capital customer renews, similar to the practice in factoring, the originator gets a full commission on the repeat business, such as advertised by Channel Partners.  Many view the working capital loans as a “having a resemblance” of factoring without relying on invoices.

Sounds like a win-win process that is definitely becoming more popular and beneficial to all parties involved.

Prime Rate History
http://www.fedprimerate.com/wall_street_journal_prime_rate_history.htm

 

1. Reliance Capital Three EFA Complaints
   http://leasingnews.org/archives/Oct2012/10_31.htm#bbc
   http://leasingnews.org/archives/Dec2011/12_01.htm#complaint
   http://leasingnews.org/archives/Aug2012/8_13.htm#bbc

 

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“What is the purpose of working with a recruiter?”
Career Crossroads---By Emily Fitzpatrick/RII

 

Q: I am thinking of exploring new opportunities, what is the purpose of working with a recruiter?

A:  Think as a recruiter, AKA a headhunter, as an alliance in the field.  Recruiters are typically paid by companies to help them fill positions and as such, many are loyal to the companies they service. 

Our thinking at RII is that the recruiter should be just as loyal to the Candidates they work with.  A recruiter should understand your career objectives and goals – making sure (though there are never any guarantees) that your next employer is one that you will be with for years to come. 

In response to your question, Recruiters can assist you in many ways including:  presenting opportunities that you might otherwise not know about, staying abreast of market trends and keeping “ears” open for opportunities that would fit your needs and background, walking you through the interview process, working with you and the company in salary negotiations and most importantly making sure there is a good long-term fit for both parties.

Emily Fitzpatrick
Sr. Recruiter
Recruiters International, Inc.
Phone:  954-885-9241
Cell:  954-612-0567
emily@riirecruit.com
Invite me to Connect on LinkedIn
www.linkedin.com/pub/emily-fitzpatrick/4/671/76
Also follow us on Twitter #RIIINFO

Career Crossroads Previous Columns
http://www.leasingnews.org/Conscious-Top%20Stories/crossroad.html

 

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Leasing Industry Ads---Help Wanted

 

Help Wanted ads in Leasing News Work---Give us a try.
Contact: 408-354-7967

Note: Though Apple Watch and Android Wear watches offer similar functionality, only Apple’s watch will also support Apple Pay, the company’s new mobile payments platform that will let iPhone owners pay for goods with their wrists.

Apple CEO Tim Cook has confirmed the Apple Watch will start shipping in April during the company's first quarterly results call of the year. Entry level price will be $249 with other "models" costing more. Of course, the attractive nature of the watch will have an impact.

When the first digital watches came out, the claim was they would replace all other watches, although in this case it may become a wearable feature as well as keeping your "old" watch on your other wrist.

Tom McCurnin
Leasing News Advisor
Leasing News Legal Editor

Mr. McCurnin has written over 100 articles for Leasing News, as well as for many years contributed to other media, including major newspapers as well as bank and law publications. He also has represented and appeared for Leasing News as pro bono attorney for several years. He is the number one legal consultant for news stories and general business matters serving as our Paladin.

Tom McCurnin

Barton, Klugman & Oetting
350 South Grand Ave.
Suite 2200
Los Angeles, CA 90071
D irect Phone: (213) 617-6129
Cell (213) 268-8291
Fax: (213) 625-1832
Email: tmccurnin@bkolaw.com
www.bkolaw.com

Recent Trial Experience:

• Successfully defended major California bank on midnight deadline case
• Successfully defended major California bank on forged endorsement claim
• Prosecuted RICO action on behalf of major national commercial finance company recovering over $1 million dollars
• Successfully defended real estate trust on consumer notice issue
• Successfully defended major California manufacturer on products liability action
• Prosecuted numerous actions on behalf of equipment lessors
• Defended Trade Secret Case
• Defended Usury Claim
  

Before becoming a principal partner with Barton, Klugman & Oetting, he worked as an inside attorney for Rockford Industries and American Express Business Finance.

He is a member of the State Bar of California; Federal Bar Association; The Association of Trial Lawyers of America; Financial Lawyers Conference-Los Angeles; Independent Bankers Association; California Bankers Association; Los Angeles Commercial Law Committee.

Law School: Drake University (J.D., 1975) 
College: University of Iowa (B.A., 1972)

He is an accomplished musician, world traveler, as well as active in animal rescue, particularly Labrador Retrievers. His main hobbies are Class V White Water River Rafting, Wilderness Canoeing and Camping, Woodworking and Home Building, Historic Home Renovation, Muscle Car Restoration, Labrador Retriever Rescue Foundation.

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Update

Site Inspection Services

Asset Appraisals Services	Funding Inspection Services, LLC
Bee-Line Corporation	Inspection Services
C. and A. Courier Inspection Services	LeaseInspection.com
C&C Asset management, Inc.	QuikTrak, Inc.
Collateral Specialists Inc.	RTR Services, Inc.
Douglas Guardian Services Corp.	Railroad Technology Corporation
Dover Management Group, Inc.

Full List:
http://www.leasingnews.org/Site_Insp/Default.htm

 

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Investors’ Conference March 12/NEFA Summit March 18

Leasing Conferences 2015
Save the Date 

 

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Agenda
http://www.imn.org/structured-finance/conference/Investors-Conference-on-Equipment-Finance/Agenda.html

Sponsors & Exhibitors
http://www.imn.org/structured-finance/conference/Investors-Conference-on-Equipment-Finance/Sponsors.html

 

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2015 National Equipment Finance Assoc. Summit
3/18/2015 to 3/20/2015

Wednesday through Friday

Renaissance Long Beach Hotel
111 East Ocean Boulevard
Long Beach, California  90802
United States

Contact:
Kim King
KKing@NEFAssociation.org
Phone: 847-380-5053

Event Schedule:
http://www.nefassociation.org/events/Sessions.aspx?id=480181

Exhibitors to Date:
https://nefassociation.site-ym.com/?2015SummitExhibitors

Registration:
https://nefassociation.site-ym.com/?2015SummitPricing

The Women in Leasing LinkedIn Group would like to cordially invite you to our March luncheon at Parker’s Lighthouse in Long Beach, California, on Wednesday March 18th from 1:00pm – 3:00pm. The lunch is being co-sponsored by ECS Financial Services and Financial Pacific Leasing.

If you would like to attend please RSVP by March 9th to Shari Lipski at 847.897.1711 or via emailSLipski@ECSFinancial.com.

 

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27th Annual National Funding Conference
4/21/2015 - 4/23/2015
Fairmont Hotel Chicago
Chicago, IL

Brochure:
http://www.elfaonline.org/cvweb_elfa/cgi-bin/documentdll.dll
/view?DOCUMENTNUM=1024

Registration Form:
http://www.elfaonline.org/cvweb_elfa/templates/eventsdll
/regforms/FUND2015_RegForm.pdf

Funding Source Exhibitors as of February 6, 2015:
Ascentium Capital LLC
ATEL Capital Corp
Banc of California
Bank of the West
Baytree Financial Group
BMO Harris Equipment Finance Company
Boston Financial & Equity Corporation
Chase Equipment Finance
EverBank Commercial Finance
Financial Pacific Leasing, Inc., an Umpqua Bank Company
First American Equipment Finance, a City National Bank Company
First Bank of Highland Park
Fuyo General Lease (USA) Inc.
Huntington Equipment Finance
Key Equipment Finance
Nations Equipment Finance LLC
NXT Capital
People's Capital and Leasing Corp
Quick Bridge Funding
SCG Capital Corporation
Securcor Financial Group
Signature Financial
Sterling National Bank Equipment Finance
TCF Equipment Finance

For more information about this event, you may contact Lesley Sterling at (202)238-3435
or lsterling@elfaonline.org

 

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Program:
http://www.nvla.org/events/2015-annual-conference/program.aspx

Confirmed Speakers/Registration
https://nvla.wildapricot.org/event-1784380

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Brochure
http://www.naelb.org/NAELB_Docs/2015%20Annual%20Conference/
NAELB%20Registration%20Brochure%201.9.15.pdf

Registration
http://www.naelb.org/NAELB/Events/2015_Annual_Conference.aspx

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The Public Sector Finance Forum is a joint venture of the Association for Governmental Leasing and Financing and the Equipment Leasing Finance Association.  The 2015 Forum will be held at the Sheraton Denver Downtown Hotel in Denver, CO on May 6 through May 8, 2015.

 

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8th China Leasing Summit 2015
June 10-12, 2015
Crowne Plaza Beijing Chaoyang U-Town.

The event is strongly supported by leading companies 
and international leasing association.

The China Leasing Summit is based on over 10 years’ of research into the Chinese leasing industry and will provide an effective platform on which attendees can familiarize themselves with the current status of the market and the latest policies and regulations in order to gain a better understanding of China’s leasing market, thereby optimizing their development strategies. Furthermore, speakers from the government, as well as from the leading leasing companies, will share their invaluable experiences and opinions on the state of China’s leasing industry.

For more information, please go here:
http://www.duxes-events.com/lease15/index.html

 

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2015 Eastern Regional Meeting
September 11-12, 2015
Atlanta Marriott Marquis
Atlanta, GA

 

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2015 Western Regional Meeting
November 13-14, 2015
Doubletree by Hilton Anaheim - Orange County
Anaheim, CA

 

---

 

2015 54th Annual Convention
10/25/2015 - 10/27/2015
JW Marriott Hill Country
San Antonio, TX

 

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CFA
71st Annual Convention
November 11 - 13, 2015
JW Marriott Austin
Austin, TX

 

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Leasing 102 by Mr. Terry Winders, CLFP

How much do you know about leasing?

(Terry retired January 1, 2015.  To honor him and his many years of writing for readers of Leasing News, in the next few months we will bring up columns he has written that are still meaningful today --as most of them are. This is from February 25, 2008. Editor)

How much do you know about leasing?
(True & False, Multiple Answers. At the end, a link to the answers.)
Here are a few questions on facts you should know about commercial equipment leasing. See how well you do. If you cannot answer at least 90% of the questions correctly and explain your correct answers to someone else …… then you need to order the CLFP Handbook.

Please copy and paste in Word, and then mark your answer
(If you don’t have time now, save for later in Word):

Mark (T)rue or (F)alse

A Sales Type Lease is a Lessee classification for accounting purposes
[ ] Advance is the term used in equipment leasing referred to a situation in which the lessee uses the equipment before it is paid for.
[ ] Depreciation is the Federal Governments way to allow business to recover capital investment. 
[ ] A Lessee is allowed to trade in equipment if it is looked at as 
advanced rent.
[ ] No rule or regulation requires a lessor to assume a residual.
[ ] A well-drafted lease requires the lessor to purchase and maintain insurance on all leased assets throughout the lease term.
[ ] The yield in an equipment lease is the value of all cash flows reduced to a return on investment expressed in an annual interest percentage.
[ ] A sales person can offer a $1 purchase option if the lease says Fair Market Value 
[ ] The stream rate for the lessee will always include the lessors’ assumed residual
[ ] Upon signing a Master Lease Agreement, a lessee is obligated to lease equipment, even if there has been no acceptance certificate signed.
[ ] All cash fees or rentals collected prior to the start of a lease will lower the lessor's investment in the equipment for yield purposes.
[ ] The accounting term operating lease refers to a lease listed like a loan on the balance sheet of the lessee..
[ ] Equipment leases generally allow lessees to sub-lease the equipment without the permission of the Lessor.
[ ] An operating lease allows the lessee to freely operate the equipment in any manner necessary to complete the job.
[ ] A Capital Lease for the Lessee means it is a loan for Income tax purposes.

Multiple Choice (mark best Answer)

What obligation does a lessee have upon signing a master lease agreement?
[ ] To pay rent
[ ] To provide insurance upon possession
[ ] To maintain or repair equipment
[ ] To send purchase order
[ ] To pay sales tax

In what instance may a lessee discontinue rent payment to the lessor?
[ ] If the lessee is going through a bad financial period.
[ ] If the lessee is not satisfied with the equipment.
[ ] If the vendor is unavailable to fix the equipment.
[ ] Under no circumstances.

Stipulated loss value in an equipment lease is:
[ ] The unpaid balance on the equipment lease.
[ ] The unpaid balance on the equipment lease plus the rental.
[ ] The necessary amount of funds to make the lessor whole with the original yield.
[ ] The difference between the salvage value of the equipment and the amount paid by the insurance company.
Which article of the Uniform Commercial Code applies to True leases?
[ ] 2
[ ] 2A
[ ] 9
[ ] All of the above.

The required insurance endorsements for a true lease are:
[ ] "Additional Insured" for liability and "loss payee" for physical damage.
[ ] "Loss payee" for liability and "additional insured" for physical damage.
[ ] "Umbrella coverage" on the lessee's policy.
[ ] "Umbrella coverage" for physical damage and "loss payee" for liability.
[ ] Naming the Lessor as the owner.

The Fair Market Value of equipment is defined as:
[ ] The price that a willing seller and willing buyer negotiate in a closed marketplace.
[ ] The price that a willing seller and willing buyer negotiate in an open marketplace.
[ ] The rule established by the lessor after consulting the amount necessary to make a profit from the sale of the residual.
[ ] The amount that covers the lessor's residual and the 20% markup required to make the purchase option a true lease.
The effect of collecting advance rents will:
[ ] Increase the lessor's yield or decrease the lessee's rents.
[ ] Increase the lessee's rents or decrease the lessor's yield.
[ ] Decrease the original cost of the equipment.
[ ] Increase the stream rate.
[ ] Provide a down payment.

A purchase order from the lessor to the vendor should not contain:
[ ] A requirement that allows lessee or lessor to request warrantees
[ ] That the sale be free of all liens and encumbrances
[ ] Payment will be made in 10 days if equipment rejected.
[ ] Purchase price
[ ] Deliver equipment to lessee

An equipment lease for Federal income tax must be:
[ ] For 100% of the equipment useful life.
[ ] For a single or special purpose.
[ ] For less than the depreciable life.
[ ] Non cancelable.
[ ] None of the above.

The U.S. Internal Revenue Service defines personal property that 
can be leased as:
[ ] Special purpose.
[ ] Multi-use purpose.
[ ] Inventory only.
[ ] Consumables.
[ ] All of the above.

A Purchase Option is:
[ ] A mandatory requirement for Lessee.
[ ] Requires the Lessor to assume a residual.
[ ] Required by income tax law
[ ] Required by the UCC
[ ] None of the above

Which of the following is not a type of lease?
[ ] Capital
[ ] True
[ ] Operating
[ ] Super

Which of the following is not a true lease tax rule?
[ ] The term of the lease cannot exceed 80% of the useful life.
[ ] The lessee must have a bargain purchase option.
[ ] The lessee may not have an equity interest in the equipment.
[ ] The rentals plus the purchase option may not equal what the lessee could have received from a loan with a balloon.

The asset class life is:
[ ] The IRS determination of the use of the equipment.
[ ] The UCC bracket for filing.
[ ] The longest term you can lease the equipment.
[ ] The comptroller’s control on bank lease terms.

Which of the following is not a true lease legal rule?
[ ] The term of the lease cannot exceed 80% of the useful life.
[ ] The lessee must have a bargain purchase option.
[ ] The lessee may have an option to renew the lease.
[ ] The lessee assumes the risk of loss.

Which of following is not an accounting rule for classification purposes?
[ ] Automatically pass title or ownership at termination
[ ] No bargain purchase option
[ ] Term exceeds 75% of useful life
[ ] No equity in equipment
[ ] Net present value equal to or greater than 90%

The word residual on an equipment lease means:
[ ] The balance to be leased after the down payment.
[ ] The remaining unpaid rentals due according to the lease.
[ ] The lessor’s unrecovered investment at lease termination 
[ ] The purchase option offered to the customer at lease termination.

To be effective as a purchase money security interest, a UCC-1 Financing Statement, must be filed with-in 20 days after?

[ ] Delivery/Possession of the first piece
[ ] Date the proposal is signed
[ ] Date the lease is signed
[ ] Date the Lessee signed the Acceptance Certificate

Which one of the following documents is not involved in a true lease?
[ ] Vendor Invoice
[ ] Purchase order
[ ] Security Agreement
[ ] Acceptance agreement
[ ] Lease agreement

In a tax lease, the lessor's yield is composed of:
[ ] The lessee's implicit rate only.
[ ] Rents, fees, residual and tax deductions.
[ ] Rents, implicit rate and taxes.
[ ] Tax advantage and residual.

Match the rule to its purpose
[ ] Revenue Ruling 55-540         A. Legal Rules.

[ ] Revenue Procedure 01-28     B. Tax rules for 
non- leverage leases 
[ ] SFAS No. 13                       C. Tax rules for leverage leases 

[ ] Uniform Commercial Code 2A  D. Accounting rules for leases 
.
[ ] Comptroller of the Currency   E. National Bank Rules 

[ ] Regulatory "Y"                     F. Bank Holding Co. Rules

Answers:
http://www.leasingnews.org/archives/March%202008/03-03-08.htm#102

 

Terry often recommended readers purchase this book
to learn more about leasing:

List Price: $59.95
To Order: http://www.clfpfoundation.org/toolbox/clfp_handbook.php
Volume discounts may be available by contacting:
reid@clfpfoundation.org

Previous #102 Columns:
http://www.leasingnews.org/Conscious-Top%20Stories/Leasing_102/Index.htm

##### Press Release ############################

Equipment Leasing and Finance Association Forecasts
the following Top 10 Equipment Acquisition Trends for 2015

1. Investment in equipment and software will reach an all-time high in 2015.

As the U.S. economy continues to improve, business investment is forecast to reach a record $1.484 trillion in 2015. As business investment grows, demand for equipment financing will increase.

2. Businesses will invest in equipment not just to replace aging assets, but also to aid in expansion.

The pent-up replacement demand that has driven equipment investment in previous years may be supplemented by long-awaited expansion investment as capacity utilization rates in some industries reach or surpass levels historically known to spur business investment. Industries poised for investment growth include oil and gas extraction and transportation equipment manufacturing.

3. While some equipment types will see strong growth, others will moderate.

In 2014, equipment and software investment increased 9.6% in Q2 and 9.3% in Q3. Looking ahead, growth in equipment and software investment is expected to moderate somewhat, as it is unlikely to keep up the strong pace seen in Q2 and Q3. A still healthy growth rate of 6% is forecast for 2015. Aircraft, trucks and other industrial equipment are projected to be among the higher growth types, while agriculture, computers and software are expected to see slower growth.

4. Improving market conditions will continue to increase credit supply and demand for equipment acquisitions.

As the economy steadily improves and business confidence continues to increase, credit standards should modestly loosen. The propensity to finance decreased in the wake of the financial crisis as businesses deleveraged and refrained from new business investment. Since bottoming out in 2010, the rate at which businesses finance their capital spending has grown consistently and will continue to increase in 2015 with steady economic recovery and shifts in Federal Reserve policy.

5. Eyes will be on short-term interest rate increases.

Expectations for the Federal Reserve to raise short-term interest rates in 2015 should spur equipment investment as businesses seek to lock in equipment financing at lower rates. Despite rate increases, businesses will find that a highly competitive "buyer's market" will continue to make financing an attractive option for acquiring equipment.

6. Businesses will use financing for a majority of their plant, equipment and software expenditures.

In 2015, 62 percent or $922 billion of investment in plant, equipment and software in the United States is expected to be financed through loans, leases and lines of credit. A majority of businesses—seven out of 10—will use at least one form of financing to acquire equipment.

7. Advances in the use of technology will drive innovative financing options.

Equipment finance providers are streamlining their business processes and improving customer self-service capabilities using digital technologies. At the same time, some end-users are moving away from traditional equipment consumption models and toward hosted or managed services based on usage rather than total ownership. To meet customer demand and address evolving technology equipment requirements, equipment finance companies will tailor innovative financial offerings.

8. Several "wild cards" could impact equipment acquisition decisions.

In what could be a breakout year for the U.S. economy, positive and negative external risks could affect equipment investment. Potential political gridlock, global economic weakness and geopolitical risks could be a drag on investment decisions, but GDP growth from low oil prices, a potential surge in the housing sector and sufficient capacity utilization could have firms ramping up capital expenditures.

9. Nontraditional financing will continue to grow and play a larger role in the equipment finance industry.

As regulatory scrutiny increases and some banks' lending standards tighten for certain credits, nontraditional financing sources, such as investment bankers, venture capitalists, insurance companies, crowd funders and others, are exploring opportunities in the equipment finance sector.

10. A final lease accounting standard will be released.

The Financial Accounting Standards Board and the International Accounting Standards Board continue to work on the lease accounting project, which will change how leases are accounted for on corporate balance sheets. A final standard is anticipated in 2015, with a possible effective date of 2018 or later. The good news is that the benefits of leasing equipment will remain intact despite the lease accounting proposal.

### Press Release ############################

((Please Click on Bulletin Board to learn more information))
(Leasing News provides this ad “gratis” as a means
to help support the growth of Lease Police)

Labrador Retriever
Los Angeles, California   Adopt-a-Dog

LowBow
Labrador Retriever

Adult: Male

 

Application
https://www.dawgsquad.org/adoption_application_2.html

Mailing Address
Dawg Squad
11209 National Blvd., #246
Los Angeles, CA 90064

Email Address
dawgsquad@rocketmail.com

Adopt a Pet
http://www.adoptapet.com/

 

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Accounting/Aircraft/Appraisals
Classified ads—

Leasing Industry Outsourcing
(Providing Services and Products)

Appraisals: Boston, MA Nationwide appraisals, remarketing, audits, inspections and more! Over 15-years industry experience and dedicated to deliver personal, prompt, professional services.  Call Chris @ 508-785-1277.  Email: chris@dovermanagementgroup.com	Appraisals: National Equipment Appraisal prepares Certified Machinery and Equipment Appraisals. IRS qualified, USPAP Compliant. Nationwide - fast turnaround. Visit  nationalequipmentappraisal.com 714-282-1525
Accounting: Dallas, TX Provide cost effective Sales and Use Tax and Property Tax consulting and administration Services to the leasing industry. Many leasing industry referrals available. E-mail: mattm@osgsolutions.com	Accounting: National Property Tax Compliance Services to the leasing industry. Over 80 years experience and 70 Lessors as clients. References and free quotes available 440.871.0555 E-mail gary@avptc.com
Aircraft Delivery: Seattle, WA  Global Aircraft Delivery ferries all types of aircraft all over the world. We are a unique ferry company moving your aircraft with our expert turnkey operation www.globalaircraftdelivery.com  info@globalaircraftdelivery.com	Asset Management: Canada  Cease Bailiff Services Incorporated: Asset Investigation/Tracing; Asset Recoveries; Asset Protection/Security Asset Liquidations/Sales; Ottawa, Canada;www.ceasebailiff.ca dave@ceasebailiff.ca Phone 613 898 7376 Fax 613 225 2452
Asset/Recovery & Collections: Charlotte, NC IRTC Continencies: Commercial Collections-Skip Trace- Repossessions-judgment enforcement-Investigations- Asset Re-marketing& No Cost Warehousing East Coast USA. Call 336-877-3077 ask for Robert or Robert@mbsfinancial.com	Nationwide Seasoned anfair priced workforce is at your service for all lease collections, repossessions, and asset liquidations, appraisals.  Call Nassau Asset Management800-462-7728 dcastagna@nasset.com
Asset/Recovery: NorthWest  Sequent provides collateral recovery, remarketing, and storage services to lenders with assets located in the greater Pacific Northwest. Professional services at reasonable pricing. Contact rossr@sequentam.com	Asset Marketing/Recovery: Remarking solutions for big rigs assets and trucking related companies including collections, recovery, repair and re-sales. North South Leasing #586-909-8797 bob@nsleasing.com
Appraisals/Asset Recovery Melville, New York Auctions, Appraisals, National Repossessions.  ALL asset classes. 20+ year team works for you. Spend less, Net More… Fast! Ed Castagna 516-229-1968ecastagna@inplaceauction.com	Appraisals/Inspections – Construction & Mining Heavy Equipment, Transport, Agriculture and Manufacturing. We provide Certified Appraisal Reports, (USPAP Compliant), Inventory Inspections, Collateral Valuation, VIN and Serial Number Verification with Detailed Photos, Lessee and Vendor Site Inspections including Customized Inspections. In a Hurry? Try our Kwik-Kwote  Email MobileEquipAppraisals.com

 

All "Outsourcing" Classified ads (advertisers are both requested
and responsible to keep their free ads up to date:
http://www.leasingnews.org/Classified/Outsourcing/Outsourcing.htm

How to Post a free "Outsourcing" classified ad:
http://www.leasingnews.org/Classified/Outsourcing/Outsourcing-post.htm

 

Receivables Management LLC John Kenny • End of Lease Negotiations & Enforcement  • Third-Party Commercial Collections john@jkrmdirect.com | ph 315-866-1167 www.jkrmdirect.com

(Leasing News provides this ad as a trade for investigative
reporting provided by John Kenny)

News Briefs----

Mortgage rates hit high for 2015 so far
http://www.bankrate.com/finance/mortgages/mortgage-analysis-021915.aspx?ic_id=TopImg_Financial%20News%20Center_link_1

FBI Says U.S. Banks Weren’t Hacked
http://ww2.cfo.com/cyber-security-technology/2015/02/fbi-says-u-s-banks-werent-hacked/

Santander/Deutsche Bank Expected to Fail Fed’s Stress Test
http://www.wsj.com/articles/u-s-units-of-deutsche-bank-santander-likely-to-fail-fed-stress-test-1424467951

Santa Rosa, CA Exchange Bank increasing dividend again
http://www.pressdemocrat.com/business/3557705-181/exchange-bank-increasing-dividend-again

Sale of 1,100 Radio Shack Leases Approved
http://www.reuters.com/article/2015/02/20/us-radioshack-bankruptcy-leases-idUSKBN0LO1QJ20150220 

Red Robin Signs Deal for Tabletop Tablets
https://www.fsrmagazine.com/technology/red-robin-signs-deal-tabletop-tablets?utm_medium=fsinsider&utm_source=email&utm_campaign=20150217&microsite=11881

FTC Challenges Proposed Merger of Sysco and US Foods
http://www.ftc.gov/news-events/press-releases/2015/02/ftc-challenges-proposed-merger-sysco-us-foods?utm_source=govdelivery

Except for Oakland, West Coast Seaports in Full Operation
http://abcnews.go.com/US/wireStory/oakland-west-coast-seaports-full-operation-29144642''

FDIC report: Branch Banking Remains Prevalent Despite
  the Growth of Online and Mobile Banking  (14 pages)
https://www.fdic.gov/bank/analytical/quarterly/
2015_vol9_1/FDIC_4Q2014_v9n1_BrickAndMortar.pdf 

HSBC confirms its chief holds Swiss bank account
http://www.bbc.com/news/business-31579026

USA Technologies Reports 21% Q2 Revenue Increase,
Inks Equipment Leasing Deal for Apple Pay plus others

2015 Oscars Recap
http://www.latimes.com/entertainment/movies/moviesnow/la-et-mn-oscars-2015-academy-awards-story.html#page=1

Oscars best and worst moments
http://www.hollywoodreporter.com/gallery/oscars-photos-best-worst-moments-776293/1-neil-patrick-harris-opens

 

 

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--You May Have Missed It

Local Frozen Custard Shop Keeps Churning Through Snow
http://www.boston.com/jobs/news/2015/02/20/local-frozen-custard-shop-keeps-churning-through-snow/mcb7ZqtZvucqxzo5BfY95N/story.html

[headlines]
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SparkPeople--Live Healthier and Longer

The Keys to Conquering Cholesterol
Do's and Don'ts for a Healthy Heart
http://www.sparkpeople.com/resource/health_articles.asp?id=361

[headlines]
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Winter Poem

George Washington

February 22, 1732
Westmoreland, Virginia,
British America

December 14, 1799 (aged 67)
Mount Vernon,
Virginia, U.S.

 

A Nation's Hero

Winifred C. Marshall

The flags fly, the bands play;
Give him the honor due
To one who served his country well,
A leader brave and true.

First in defense and first in peace;
In our hearts, as of yore,
He holds first place, George Washington,
Our hero, evermore.

[headlines]
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Sports Briefs----

Odds maker’s early 2015 NFL win totals: Seahawks,
Patriots lead list, Raiders bring up the rear
http://profootballtalk.nbcsports.com/2015/02/18/win-total-over-unders-seahawks-patriots-lead-list-raiders-bring-up-the-rear/?ocid=Yahoo&partner=ya5nbcs 

Pete Carroll says he’ll miss coaching against Jim Harbaugh
http://blog.sfgate.com/49ers/2015/02/20/pete-carroll-says-hell-miss-coaching-against-jim-harbaugh/

Report: Chargers, Raiders joining forces on shared stadium bid in L.A.
http://sports.yahoo.com/blogs/nfl-shutdown-corner/report--chargers--raiders-joining-forces-to-shared-stadium-in-l-a-031730780.html

Levi Stadium "Bird's Eye View" (:22)
https://www.youtube.com/watch?v=GxU3MrtMk1Y&
feature=player_embedded

A-Rod 'Dream Team' Alleges Billing Nightmare
http://www.courthousenews.com/2015/02/20/a-rod-dream-team-alleges-billing-nightmare.htm

Chargers, mayor upbeat after meeting
http://www.utsandiego.com/news/2015/feb/22/faulconer-chargers-task-force-stadium-spanos/

[headlines]
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California Nuts Briefs---

At center of Silicon Valley Boom 2.0, San Jose remains broke
http://www.mercurynews.com/business/ci_27573398/at-center-silicon-valley-boom-2-0-san

UC Tuition Hike Postponed - for Now
http://www.courthousenews.com/2015/02/20/uc-tuition-hike-postponed-for-now.htm

Vanishing water, fewer jobs, but still hope in the Central Valley
http://www.sacbee.com/news/state/california/water-and-drought/article10902353.html

I visited the coffee shop that just raised $15 million from tech   
   investors to see what all the fuss was about
http://www.sfgate.com/technology/businessinsider/article/I-visited-the-coffee-shop-that-just-raised-15-6090785.php

[headlines]
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“Gimme that Wine”

http://www.youtube.com/watch?v=EJnQoi8DSE8

Napa Valley's Oldest Vintner to Become Oldest Member
  Ever Inducted into the Prestigious Chaine des Rotisseurs
http://www.winebusiness.com/news/?go=getArticle&dataid=146635

Winiarski to be special guest at In Vino Veritas
http://napavalleyregister.com/lifestyles/food-and-cooking/wine/winiarski-to-be-special-guest-at-in-vino-veritas/article_fae9df07-bf55-5132-8bed-3b85fdf07cec.html

David Scurlock Inducted Into the Ohio Wine Hall of Fame
http://www.winebusiness.com/people/?go=getPeopleArticle&dataid=146545

California drought could threaten water at restaurants
http://thehill.com/policy/energy-environment/233098-california-drought-may-threaten-water-at-restaurants

Beaujolais reinvents itself, with a new generation out front

http://www.sfchronicle.com/wine/article/Beaujolais-reinvents-itself-with-a-new-6079823.php?t=e4acdd9465ab952c1b&cmpid=twitter-premium#/0

Free Mobile Wine Program
http://leasingnews.org/archives/Feb2010/2_26.htm#mobile

Wine Prices by vintage
http://www.winezap.com
http://www.wine-searcher.com/

US/International Wine Events
http://www.localwineevents.com/

Leasing News Wine & Spirits Page
http://two.leasingnews.org/Recommendations/wnensprts.htm