Monday, July 12,,2004
July 10th was our “On Line” four year anniversary for
We were an “occasional” newsletter for ten years, growing by word of
mouth, incorporated, chose an advisory board, then went
on line. It is our readers who give us the information, and you
will see it hear first before it hits the large newspapers, plus
information that never does as it pertains specifically newsworthy
to the leasing industry alone.
See “From our Archives” below.
Kit Menkin, Editor/Publisher
######## surrounding the article denotes it is a “press release”
“Thanks for the update. You can remove my listing from the website. Many thanks to you, for I received numerous opportunities from the posting.
“Your sight has provided me with important information over the years. Keep up the great work. As for words of advise... Just be prepared when opportunity comes knocking. Like many of us, it may take several months, (sometimes over a year) to find an good opportunity. Do not let the good ones pass.”
Credit: Atlanta, GA. VP Credit/Operations/Sr. Credit Officer. 15yrs exp. in equipment leasing. Strong financial analysis and management skills. Experience developing and maintaining profitable customer/vendor relationships.
Credit: Atlanta, GA.
Senior Credit Officer in middle-market equip. finance, vendor, 3rd party, specialty, flow credit to the fortune 1000. Team builder, originations capable, strong work ethic, ability to multi-task.
Credit: Atlanta, GA.
10 yrs experience in
credit/collections/recovery/documentation in the leasing industry. P&L responsibility, team builder & strong portfolio mgnt skills.
Credit: Boston Ma.
Challenging position where my skills, professional experience, organization, leadership, strategic thinking, creativity, energy, passion, competitive nature will enable me to define opportunities and personal development.
Credit: Corona, CA.
VP credit Consumer Credit prime/sub prime Auto lending/leasing/mortgages. 20+yrs exp. If you are looking for someone to affect the bottom line I am that person. Will relocate.
Credit: Danbury, CT.
Skilled in team building, management & training. Seasoned credit, portfolio and risk management professional. Experienced
in developing, implementing underwriting, portfolio management policies & procedures. email: email@example.com
Credit/Documentation: Fort Lee NJ
3 Years Experience. Looking in NJ/NY.
Credit: Los Angeles, CA
Over 15 years experience in Credit/Operations with Small Ticket and transactions up to $500,000.00. CLP, with excellent relationships with most major lenders.
Credit: Mill Valley, CA
Senior corporate officer with financial services credit background. M and A, fund raising and workout expertise.
Credit: New Jersey, NJ
Credit Analyst with 10+ years experience in small-ticket lending up to $500,000. Experience with both vendor-direct and with brokers.
Credit: New York, NY
3+ years of leasing credit / contracts experience. Currently in the leasing industry and moving to NY! Exp. working at both funding source and broker.
Credit: New York, NY.
V.P. Credit & Collections w/23 years exp.looking for a situation where I can utilize my varied & extensive knowledge of credit/ collections/risk-management & leasing.
Credit: Phoenix, AZ.
Credit/Leasing Manager- 8 years underwriting. Proven performer, strong negotiator and sales support. Worked with the best- Randy Schiell, Chuck Brazier, Jim Lahti. Contact: Elizabeth Rose (480)510-7434
Credit: San Francisco, CA. 10+ years Credit Analyst experience underwriting for a direct lessor, regional bank and vendor leasing company. Have CLP and will make decisions
( won't rely on a FICO score for enlightenment.)
Credit Manager: Westlake, OH
7+ years Credit/Underwriting experience Comp lit. Please email me for copy of job description at firstname.lastname@example.org
full listing of all classified ads at:
Bob Gascon Passes Away
Read in this morning Orange County Register's obituaries the following:
"Robert C. "Bob" Gascon, age 52 a Sales Manager for Aetna Capital,
resident of Anaheim, passed away Tuesday July 6. He is survived by his parents, George and Gertrude Gascon, his sister and her husband Josette and Antony Pettegrow. and a very special nephew and friend, Warren Pettegrow. A Memorial gathering will be held between 1:00- 3:00 PM Sunday (July 11) at Bob's home, 900 N. Harbor Blvd, Anaheim."
We have been funding deal with Aetna since the mid 80's. Bob was their marketing force and had a great dry sense of humor. For the people who knew him and worked with him, he will be greatly missed.
Steve Reid, CLP
VP Marketing, Leasing Division
Santa Barbara Bank & Trust
2230 W. Chapman Ave #200
Orange, Ca 92868
Economic Events This Week
Balance of Trade: May
Federal Budget: June
Retail Sales: June
Inventory-Sales Ratio: May
Producer Prices: June
Industrial Production: June
Capacity Utilization: June
Weekly Jobless Claims
Consumer Price Index: June
Balboa Capital---Alive and Well
Despite recent criticisms being circulated on the gossip e-mails,
the new broker program under Curt Lysne is doing very well.
Volume continues to increase and up to 25 brokers are sending
in “good business.” Plans are to expand the network as new
channels of communication are now in line with Patrick Byrne
100% “owner and operator.”
Divisions and department heads are receiving more authority,
and the direct sales department has taken the challenge to
increase business as the broker division is gearing up to
improve its volume. In fact, Lynse has been holding back
signing up new brokers as word is out not only about rates
but types of equipment, partial funding, pre-funding, and a
whole new bag of abilities as Balboa Capital has plenty of
their own money.
From our Archives---July 10, 2000 Leasing News Goes “On Line”
Leasing News is now available on www.leasingnews.org
You will find a "Bulletin Board" and "The List" plus a calendar, links, archives and other features to follow.
Anyone can receive a copy of Leasing News by e-mail just by requesting. We don't add anyone, unless they specifically request (no spam ).
Here are the original Editorial Advisory Members.
Bob Baker, Wildwood Financial
Phil Dushay, Global Leasing
Mike Graneri, Graneri and Associates
Ken Greene, Attorney
Bob Rodi, LeaseNow
Bob Teichman, Teichman & Associates
Andrew Thorn, Thalman Finance
Rob Yohe, Yohe and Associates
" I feel that what you are proposing will be very useful to brokers and funders."
Steve Crane, Bank of the West
" I have been following your newsletters and really find them informative. As a matter of fact I look forward to them. If you feel someone on the east coast could help, you can count on me."
Phil Dushay, Global Leasing
"I will help you in any way I can."
Andy Thorn, Thalman Financial
" I'm for anything to improve the industry. I would like to see all of us in the business, Brokers, Lessors, Funders and everyone else in the industry get along better."
Roy Yohe, Lease Consultant
" I think your newsletter is an important to the industry."
Bob Baker, Wildwood Financial
" This may be an opportunity for people who are either members of different associations or who are not affiliated with any to come together to find a solution ( to fraud and unprofessional conduct ). An industry-wide Code of Ethics is critical. "
Bob Teichman, Teichman Financial Training
" I think that we may be able to do some things that the associations cannot. I will always be on board for anything that promotes our industry, raises standards and preserves our livelihood. I also feel that this effort will have a lot of credibility because there is no profit motivation."
Bob Rodi, LeaseNow
" I hope that I am able to make a positive contribution."
Ken Greene, Attorney
I have asked others to join this group to help me with policy, strengthen the mission, and give input to the direction of the web site. We have no plan for banners, advertisements, and want to keep it strictly unbiased, free, and helpful to our profession.
Leasing News Current Advisory Board:
NorVergence Up-Date--$100 Million
by Christopher Menkin
Leasing News presented the Chapter 7 bankruptcy documents in its last issue, stating Chapter 11 was next. Last week Bankruptcy Court hearing in Newark Jersey their attorney Bruce Buechler said NorVergence "is going to be a Chapter 11 case in a matter of days." He said they were being pushed into full dissolution and not
re-organization due to mounting pressure from creditors. He also told the judge the company “... has fired "90-plus percent" of its staff and needs time to reorganize.
NorVergence did acknowledge in court owing $30 million, which does not include any contingent liability they may have regarding leases they have discounted or sold to banks and other financial institutions. Should the servicing discontinue or telephone companies turn the lines off, the banks and financial institutions also may have claims against NorVergence which may reach into $100 million dollars. How it can survive without the ability to lay off its leasing contracts to gullible third parties is not known.
Meanwhile asset back journals are reporting to their subscribers how it
really happened, and what to look out for.
Here are three of the latest reports:
The first, from the “New Jersey Star-Ledger:”
Judge Rosemary Gambardella gave NorVergence until 10 a.m. Wednesday, when another hearing is scheduled, to address how it will tackle mounting debts and pending Chapter 11 status.
Lawyers for Denver-based Qwest, which is owed $15 million by NorVergence acknowledged receiving $1.1 million from the company shortly before the hearing. But Qwest's lawyer, Jack Zackin, said the telecom giant needed to be paid in full.
NorVergence's attorneys and some of its other creditors argued that granting Qwest's motion to end its agreement would doom NorVergence. It would also allow Qwest to terminate service to thousands of NorVergence customers without warning.
In addition to Quest, Sprint and T-Mobile are among the $30 millions that
NorVergence acknowledged in court that it owes.
In addition to representatives from some of NorVergence's creditors, approximately 20 former employees came to yesterday's hearing. Dressed casually, a handful of the employees complained about bounced and missing paychecks.
"I hear these large companies throwing out large numbers out there," said Charles Brown, a former employee. "I just want what is owed to me."
It was reported Peter Salzano, NorVergence's chief executive, showed no emotion during the hearing. As former employees spoke, Salzano sat stone-faced behind Buechler, his hands crossed and his head cocked to the left.
He had no comment after the proceedings.
Employees have been making known their feelings on the New Jersey Channel 11
Qwest Communications continues to seek its attempt to sever its ties with NorVergence. Had the Denver-based company succeeded, many of the services NorVergence provides would no longer be active, which would have resulted in lost service for NorVergence's customers.
Judge Rosemary Gambardella gave NorVergence until 10 a.m. this Wednesday, when another hearing is scheduled, to address how it will tackle mounting debts and pending Chapter 11 status.
Meanwhile, those who have purchased leases from NorVergence have stated they will not be buying any more contracts, leading NorVergence in a “catch 22” position of not being able to generate new revenues, thus not being able to forestall a Chapter 11 proceeding, which Leasing News predicted in the first reporting of the story.
(please see remarks from readers in our eMail, which we have been receiving similar ones for almost two years. editor)
The Telecom Agents Association:
“Fax TAA Information About Your Equipment Leasing Company Are you a Norvergence customer wondering about the status of your equipment lease? TAA is assisting several attorneys look into the validity of the leases in light of Norvergence's financial challenges. Please fax to TAA at 909-494-4257 the identity and contact information of your leasing company. Please include any notes about anything that seems peculiar to you about how the lease was transferred from Norvergence to the leasing company.”
To learn more, you should join “free” the Telecom Agents Association. They believe information they disseminate should go to members and thus they avoid general liabilities for their opinions:
The third: Asset-Backed Alert ( www.ABAAlert.com) gives their industry view point,
and the story is very interesting to read:
Telecom Firm’s Bankruptcy Nixes Offering
A Brecksville, Ohio, equipment lender indefinitely postponed its debut securitization last week, after learning that a troubled client had tainted the collateral pool.
Preferred Capital was about to float its Rule-144A offering when it found out that Newark, N.J., telecommunications outfit NorVergence was being forced into Chapter 11 bankruptcy protection by three creditors. A third of the collateral for Preferred Capital’s deal consisted of loans that it wrote to finance NorVergence then sold the equipment to small-and mid-sized corporate customers.
Preferred Capital would have used proceeds from the securitization to pay off a warehouse line form Huntington Bank.
Five-year-old NorVergence sold its equipment packages at discounted prices – in hopes that it could drum enough business so that manufacturers and telecommunications carriers would eventually drop their prices. Ultimately, that belief turned out to be wrong. Over the past year, the company became involved in lawsuits with more than a dozen creditors. NorVergence’s troubles came to a head on June 30, when Popular Leasing, ALFA Financial division OFC Capital and Partners Equity Capital petitioned a New Jersey bankruptcy court to place it in involuntary bankruptcy. NorVergence has 30 days to dispute the request.
Preferred Capital does not appeared to be involved in any of the actions against NorVergence, which laid off most of its employees last week.
Sources said it’s likely that other term securitizations and commercial-paper conduit issues contain some loans to NorVergence and its vendors and suppliers, although not in large enough quantities to affect any deal’s credit-enhancement levels. All told, those credits probably total less that $150 million. The volume and status of payments owed to Preferred Capital could not be learned.
The cancellation of Preferred Capital’s deal comes at a time when the market for equipment-related bonds is in the dumps, largely because of the DVI Financial scandal. Lenders that rely on securitization are responding by tightening their credit standards or fleeing the market altogether, and investors aren’t showing much demand for the issues that do make it to the market.
Classified Ads---Help Wanted
Business Development Office
Marketing Indirect Origination
Letters---We get Email
“I would like to thank you for your help in getting my money back. I don’t believe I would have been as successful without you.
“I would like to mention that I have been contacted by 3 other “victims” of Union Capital! At least one of them did benefit from reading leasing news and your article about them. I am still working on getting my $750. they decided that they earned!!!! I have contacted the Better Business Bureau to file my complaint and am waiting for a response.
“Thank you, Kit for your help and support.”
Precision Concrete Pumping
“I have received
calls from other attorneys and from brokers. They are reading your paper and responding - I will share
everything with them.
“Enclosed is a depo
transcript from Darren Finestone, formerly with Crocker Capital.
People threatened over Crocker leases would want a copy.
“I think this may be interesting as well as helpful to many people in the fight against Wells. Please refer any parties interested to me with the same contact information as last time.”
“This will be an interesting story from several fronts. One will be the 2A ramifications and how hell-or-high-water the leases really are. Robert Fine made a lot of sales calls to lessors to find funding sources and explained the program. (This isn't a derogatory comment about Fine). He was up-front about the financing and how a lot of things were wrapped in. While I was at *******l we looked at the program during a EAEL-New England networking event -- for maybe 3 minutes. It was pretty clear the box wasn't worth the lease value and services were part of the deal. If the savings didn't appear companies would switch service providers and punt that 'lil black box. If all lessors understood that fact there might be a hole through 2A protection and further, having knowledge of all of that might impact whether the funding sources are really 3rd party bona-fide purchasers for value or whether rights exist as the sources likely understood what the bundles of financed assets were (a mysterious black box with years of tel-com services wrapped in). If a lessee proves this was merely financing to NorVergence with the contracts as collateral...
“I suggested to our attorneys to watch this unfold on Leasing News.”
( name with held )
“I heard that Wells
Fargo Financial Leasing, CIT , US Bancorp, and US
(Name With Held )
“NorVergence Capital, LLC (NC) is a wholly owned subsidiary of NorVergence, as stated in their marketing material, to finance the NorVergence products. They were private label contracts, that they warehoused and then assigned to a third-party at a later date.
“Qwest, along with two other carriers, were pressing for payments, which they were not receiving as evidenced by the shut-down in June. The actual filing of the three creditors was not only to protect their own interest but to stop Qwest from turning off their services. Qwest is not only owed a lot of money, but they claim they should be participating in the income streams as they are keeping
the service running while the creditors are collecting their lease payments.
“Whether Quest continues the monthly service or does not, it appears the lessees are obligated to make payments per the lease agreements assigned to creditors. The real problem in this house of cards is that NorVergence made most of its revenues not from selling telecom services, but from Bob Fine’s sale of equipment leases to banks, leasing and finance companies, as your readers have been trying to tell you in the complaints
( Name With Held )
MicroShop has been a Norvergence customer since 4/29/03. Since then:
1. our cell phones have been disconnected five times by AT&T wireless because Norvergence wasn't paying the bills
2. without warning, Norvergence switched carriers on one of our phones from AT&T wireless to T-Mobile - leaving my employee without a working phone on a trip
3. we have had two collection agencies contact us to try to get bills paid that were the responsibility of Norvergence
4. the leasing company is charging us insurance on the entire $16000
lease - even thought the replacement cost of the "matrix box" (actually a WatchGuard SOHO 6 router) is only $300. Most would consider that to be insurance fraud. Imagine insuring a $20,000 car for $1,000,000.
We have filed a complaint with the BBB, the NJ Board of Public Utilities, and the NJ Attorney Generals Office. We have also contacted CBS News in New York to do a "Shame on You" feature. Anyone in the NY/NJ/CT area that is interested in sharing your experience with Norvergence, please contact me.
These are the facts. You can make your decision accordingly, but I think the more you research the company, the less likely you will be to sign a contract.
Name = MicroShop Systems
Address = 104 Mine Brook Rd
City = Bernardsville
State = NJ
Zipcode = 07924
Email = email@example.com
“Is it really true that Orange County has a bad rap (see Genesis story 7/6/04)? Are all leasing companies in Orange County bad? Our company has operated in Orange County since 1983 and have never had a customer complaint that was not resolved to the customer's satisfaction (perhaps because we do not take commitment fees). I have met many of my peers in Orange County who are also very reputable.
“Perhaps a sweeping indictment of an entire region is not valid and unfair bad publicity to those of us who strive for the highest ethical standards.”
(name with held )
(We didn’t say that, readers are saying that, including vendors
who write they are leery about doing business with any leasing
company in Orange County. At one time, Florida was getting
the bad rap, but it looks like it has changed. editor )
“Our mission is to help organizations of all sizes improve sales effectiveness. We provide strategic sales processes, tools, sales training and management workshops that drive performance through enhanced skills and behavioral change.
“Our clients include Fortune 1000 companies as well as independent businesses representing a wide range of industries including Banking and Financial Services, Communications, Energy, Healthcare, Industrial and Chemical, Insurance, Manufacturing and Technology.
“Your industry experience, and our sales process and sales management expertise, can equal World Class Sales for your organization.”
(formerly of Signature Leasing)
“Do you want to see where Leasing News stands in the search engines, please go here:”
(Wow. If any reader wants to know where their website pages appear on search engines, this is a great program. Leasing News Alerts and
Bulletin Board Complaint are in the top five of most of the search
"Will House Vote Snag SBA Revamp?"
American Banker Weekly Magazine
In a rejection of Small Business Administration (SBA) leader Hector V. Barreto's budget proposal, the full House voted last week to allocate an additional $79.1 million to the SBA budget.
The decision represents a setback for Barreto and the Bush administration's plan to make the SBA and its popular 7(a) loan program less dependent on congressional funding and to run the agency more like a business. Since his appointment as head of the agency three years ago, Barreto has streamlined SBA procedures and centralized its operations. However, his attempts at lowering the average 7(a) loan size, increasing lender fees, and cutting back on local staff have met with opposition from some lawmakers and lenders who say his plan would make the program less attractive to both lenders and borrowers.
SBA loan guarantees have risen to record numbers in recent years due to increasing demand from women and minorities and growing interest in the new SBA Express program, which now accounts for over half of all 7(a) loans.
In an attempt to meet this demand and provide loans to a greater number of businesses, Barreto has lowered the average 7(a) loan size from $167,000 in fiscal 2003 to $157,000 during the current fiscal year. Barreto's proposal to lower the SBA's budget in the next fiscal year and eliminate its annual credit subsidy was designed to make SBA funding more consistent, but opponents have argued that by increasing fees for lenders and borrowers the plan would have decreased interest in the 7(a) program. In addition, lenders are expressing their opposition to Barreto's plan to cut expert staff from district offices.
**** announcement **************************************
Jurassic Lessors Association Launches New Dallas Chapter -
Inaugural meeting (cocktails) set for July 29th
Yes friends, you're in the company of greatness when you stand in the presence of these unsung (not to be confused with high strung) heroes of the equipment leasing industry, the members of the JURASSIC LESSORS ASSOCIATION.
The Jurassic Lessors Association
Greatness, Brilliance & Genius Unequaled
About The Jurassic Lessors Association
(Ju.ras.sic - Of, belonging to, or designating the time and deposits
of the second period of the Mesozoic era, characterized by the
existence of dinosaurs and the appearance of primitive mammals)
OVERVIEW - Among other more socially accepted endeavors, the Jurassic Lessors Association (JLA) is dedicated to the pursuit of ego protection and enhancement for those men and women (identified by the JLA Executive Committee) who are single-handedly responsible (e.g., JLA members) for the equipment leasing & finance industry, as we know it today. These "masters of the universe" (again, JLA members) built and continue to manage the leasing industry's phenomenal growth with greatness, brilliance and genius. Proving no sacrifice (livers and/or marriages) to great, JLA members have willingly spent physical, mental and emotional capital (employer's expense accounts, etc.) enduring endless days/nights of legendary "one on one" negotiations (golf, drinking, dancing, dinning, etc.) while away from loved ones (wives/husbands, girl/boy friends) often under deplorable working conditions (e.g., four star hotels, private country clubs and dimly lit taverns).
Yes friends, you're in the company of greatness when you stand in the presence of these unsung (not to be confused with high strung) heroes of the equipment leasing industry, the members of the JURASSIC LESSORS ASSOCIATION.
MISSION STATEMENT - To enjoy the rewards (golf, drinking and story telling) of countless years of networking (golf, drinking and story telling) with fellow professionals (often referred to as those "competitive *#!@#" in the leasing industry through fellowship (more golf, drinking and story telling) with our brother and sister lessor/broker/packager/consultant/arrangers, etc. ("Icons"), surviving inimitable employer suppression of intelligence, while using exemplary skills in securing our lessor's yield commensurate with lessee's risk (not to mention our astounding ability to distinguish wonderfully aged liquor, and beautiful women/men (pick one) at 2 am).
MEMBERSHIP - While "Charter Membership" was only available to those persons having attended the first JLA meeting in Atlanta, new applicants wishing to join this prestigious group of necromancers (nec.ro.man.cy - The practice of communicating with the spirits in order to predict the future) are invited to submit their application via the appropriate "JLA Chapter" link above. (For information about starting a JLA Chapter in your area, Contact JLA.) Membership applications will be evaluated pursuant to the following:
APPLICATION/LIBATION FEE - Applicants are required to pay a bar tab in excess of $100 where at least two slightly inebriated yet non-incarcerated (at the time of application) JLA Chapter Members in good standing (or that can stand good) are in attendance.
SPONSORSHIP - Verbal sponsorship by at least one of the two JLA Chapter Members attesting, in detail, as to applicant's past irreverent behavior, intolerance to ice poisoning (bad beverages), exaggerated exploits with the opposite sex (names, phone numbers and pictures of female participants will guarantee applicant's immediate approval) and unquestionable commitment to the JLA (e.g., can they pay the required application/libation fee?).
TENURE - Sworn testimony by one JLA Chapter Member as to the number of years (decades) applicant has served (suffered in ) our industry. Testimony may be documented with a copy of applicant's baby picture (no male nudes please). Pictures submitted in color will be grounds for automatic rejection (applicant obviously to young) of applicant's application in which case the application/libation fee will be immediately forfeited to the JLA Executive Committee.
(Any applicant caught reading this without the benefit of reading glasses
will be automatically disqualified and the application/libation fee forfeited.)
THE JURASSIC LESSORS ASSOCIATION EXECUTIVE COMMITTEE
Chairman | John O. Semon | Email - John@lessors.com
President | Mike Shivers | Email - Mike@lessors.com
After over 30 years in the equipment leasing business, John Semon and Mike Shivers were discussing over cocktails one evening about how many people they knew in the industry in the Atlanta area. The problem was that while both knew the same names of leasing professionals, seldom had either actually met most of these people face-to-face.
They decided to begin hosting a monthly meeting over cocktails at a local tavern for leasing professionals to gather and socialize. Great fun has been the results as old friends now can get together on a regular schedule and at John's and Mike's age, anything that is regular is good!
For information about starting a JLA Chapter in your area, Contact Us.
Copyright 1998 – JOS
**** Announcement **************************************
#### Press Release #############################
Huntington Equipment Finance Introduces Small Business Leasing Program,
Adds Four Sales Executives
COLUMBUS, Ohio, -- Huntington Equipment Finance, a
division of Huntington National Bank, is introducing Small Business Leasing, a program providing small business owners with an avenue to invest in the expansion of their business through the leasing of capital equipment. The new program expands upon Huntington's current program by serving the financing needs of smaller businesses and organizations.
"To be able to compete successfully, small businesses must have access to the most current equipment and technology," said Rob Allanson, president of Huntington Equipment Finance. "But, purchasing this equipment can be very expensive and can disrupt the flow of working capital. Working with Huntington Equipment Finance, companies can lease their equipment to conserve capital
that can then be used more efficiently to grow their business."
To service its Small Business Leasing customers, Huntington Equipment Finance is adding four sales executives to its team. Joel Arnold will serve clients in Huntington's Central Ohio region, while Dale Lenzer, Alicia Malinowski, and George Ziegler will dedicate their time to customers in the Northern Ohio, East Michigan, and Southern Ohio/Kentucky regions respectively.
"We believe in the importance of local decision making. We're pleased to have added such a strong group of experienced professionals to serve our customers," added Allanson.
Launched in late 2001, Huntington Equipment Finance has grown its assets under management to more than $300 million. Huntington Equipment Finance specializes in securing leasing options for customers allowing them to grow their businesses with new equipment, while reducing the cash flow restraints commonly associated with capital equipment and expansion. Huntington Equipment Finance now provides equipment financing packages to small business customers throughout Indiana, Kentucky, Michigan, Ohio and West Virginia.
About Huntington Equipment Finance
Huntington Equipment Finance is a division of The Huntington National Bank, the principal subsidiary of Huntington Bancshares Incorporated (Nasdaq: HBAN), a $31 billion regional bank holding company headquartered in Columbus, Ohio.
Through its affiliated companies, Huntington has more than 138 years of serving the financial needs of its customers. Huntington provides innovative retail and commercial financial products and services through more than 300 regional banking offices in Indiana, Kentucky, Michigan, Ohio and West Virginia. Huntington also offers retail and commercial financial services online at ttp://www.huntington.com ; through its technologically advanced,
24-hour telephone bank; and through its network of nearly 700 ATMs. Selected financial service activities are also conducted in other states including:
Dealer Sales offices in Florida, Georgia, Tennessee, Pennsylvania and Arizona; Private Financial Group offices in Florida; and Mortgage Banking offices in Florida, Maryland and New Jersey. International banking services are made available through the headquarters office in Columbus and additional offices located in the Cayman Islands and Hong Kong.
SOURCE Huntington National Bank
Web Site: http://www.huntington.com
### Press Release ##############################
Fastest Growing Leasing Company Hires Joe Graziano
Wayne, NJ—Leasing Partners Capital, Inc., the fastest growing leasing company in the U.S., has engaged a well known Sales Trainer and Lead Generation specialist to help facilitate its growth.
Joe Graziano is training and coaching our Database Managers on their Selling skills. In addition, he is developing our company's e-newsletter and other lead generation vehicles. Joe likes to say, "I work with business owners who want a steady flow of new leads and salespeople who want to double their income.” And he’s not kidding.
Joe is a former Dale Carnegie Course instructor, a professional member of the National Speakers Association and is Past President of the New York Metro Chapter of the National Speakers Association.
Joe is widely recognized and sought after as a speaker to corporate audiences across the country. His clients’ today range from Fortune 500 companies to small and medium sized businesses.
Joe is co-author of the Selling Smart Sales Seminars with Sherwood Consultants, LLC and authored the booklet “Proceed Until Apprehended…Overcoming Your Fear of Selling!”
Leasing Partners Capital, Inc. (LPC) is a small to lower-middle-market equipment leasing company working with vendors and end users, headquartered in Wayne, NJ. LPC currently has offices in Naples, FL, Louisville, KY, Atlanta, GA, Pittsburgh, PA, Minneapolis, MN, Houston, TX, San Francisco, CA, St. Louis, MO, Boston, MA, Detroit, MI, Seattle, WA, Vero Beach, FL and Litchfield, NH.
For additional information or questions about LPC, contact Bruce Larsen, National Sales Manager, 877-333-5864 or email him at firstname.lastname@example.org, or check out their web site @ www.leasingpartnerscapital.com.
National Sales Manager
Leasing Partners Capital, Inc.
Web site: www.leasingpartnerscapital.com
World Leasing Yearbook 2004
Mortgage rates fall after Fed nudges short-term rates
Greyhound Cutting 206 Rural Towns from its Routes
Dancing Mr. Six scores with viewers of Six Flags ads
“Gimme that Wine”
Anderson Valley Pinot Noir comes of age
Sonoma Growers eye early grape harvest
Colorado New regulations lower drunk-driving limit and allow in-store tastings and wine doggy bags.
Margrit Mondavi: The woman in front of the man
Beringer Now Offers Tours In Spanish
Here is an outstanding buy as the wine should be consumed now, and the wine maker knows this, so it is available at a “blow out” price.
1988 Arteveno Estate Merlot, Yorkville Highlands, Mendocino
Draper also has 2001 MacRostie Keltie Brook Pinot Noir—Carneros at $12.50, or $11.25, a steal, also a great wine. MacRostie Chardonnay’s are also always great “food wine.” I also think the great majority of Carneros Pinot Noirs are always remarkable. If you can’t read Draper’s telephone numbers, they are 415-456-3468 or 800-286-1692 or fax: 415-454-5601 email@example.com
He is a very long time wine negociant, opened his own stores with partner Esquin, then retired, got bored, and knows everyone and everything in the wine business and started this “merchant”
business to keep active. He often comes up with some real steals, and his prices and knowledge are hard to beat.
This Day in American Leasing
1774- The first Declaration of independence by citizens of an American colony was formally made in the First Presbyterian Church in Carlisle, PA, at a meeting of freeholders and freemen from the several townships. The Reverend John Montgomery presided. Other formal community declarations were to follow, many of them from meetings held inside their local churches.
by Hank Festa (Los Angeles, CA)
The measure of triumph and defeat shall thee grade
The hopeful of eternal optimist mind
The hitter who gambles, the gambler who hits
The glare of the closer one out away
The utility man whose BA is a wash
The hero who ran and stole home plate
So the common man dreams for the chance to lose
For the watcher and the doer are halves of the same breed
The teams we are rooting, our fathers would root
Each winter off season we confront the bitter frost
Forever is a finite stat for winners
Thus we know the reason why we'll never have our fill
Beyond victory is a mindset called loss of hope
» Hank Festa's poem, dedicated to the late Steve Bechler, is partially based on verse from "Mortality", by Scotsman William Knox (1789-1825).