Friday, July 9, 2010
Jimmy Smits and Dennis Franz-NYPD Blue
Actor Jimmy Smits born July 9, 1955 Brooklyn, New York. Best known as lawyer Victor Sifuentes on the 1980s legal drama L.A. Law (1986 to 1991) and Detective Bobby Simone in the 1990s police drama NYPD Blue (1994 to 1998). He also played the role of Congressman Matt Santos of Houston, Texas, winning the presidency (2004-2006). He has appeared in several TV series such as "Cane" and "Dexter." He will star in NBC's Outlaw, a show about a Supreme Court justice who leaves the bench to return to practicing law.
http://www.news.cornell.edu/Chronicle/98/12.10.98/JimmySmits.html |
Headlines---
Correction: LEAF Financial
Classified Ads---Credit
Some Days You Can Only Try to Smile
Update: Looking for Broker Business
Funder List
View from the Top---by Steve Chriest
Advice on Firing a Sales Superstar
Classified Ads---Help Wanted
First Sound Bank Raises $3.2 Million of Capital
Allegiant Partners Completes $13 Million Line
Global Capital/Somerset Capital for Alliance
Two Plead Guilty to Tax Evasion
Classified ads—Re-Seller / Sales
Richardson, Texas---Adopt-a-Dog
ELFF WebAir Construction Finance
Best Movies to Watch with Your Grandkids
Special Summer Edition by Fernando Croce
News Briefs---
Mortgage rates drop to new low of 4.57 pct.
Biggest Defaulters on Mortgages Are the Rich
'The Pacific,' 'Glee,' top Emmy Awards nominees
California Nuts Briefs---
Sports Briefs---
"Gimme that Wine"
Today's Top Event in History
This Day in American History
Baseball Poem
SuDoku
Daily Puzzle
GasBuddy
Weather, USA or specific area
Traffic Live----
######## 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.
[headlines]
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Correction: LEAF Financial
It appears information regarding Merit Capital Advance and Prompt Payment that appeared in Wednesday, July 7, 2010 article is not correct. The information came from http://www.leaffinancial.com/, but is apparently not there today, and summed up from the web site:
"LEAF Financials attention seems to be leaning heavily on its credit card advance lending companies, Merit Capital Advance, LLC, as well as promoting a factoring company, Prompt Payment, where the buyer can take up to 60 days interest free to repay what was advanced to the seller."
Leasing News attempted to reach LEAF Financial for a comment, but none was received.
A well-informed reader, known to Leasing News, wrote:
"I heard that both Merit Advance and Prompt Payment were inactive. I called the Merit 866 number and it wasn't working. I heard Merit got its business up to $1MM in CC receivables and was losing money and Prompt Payment never really got off the ground. Everything that Leaf has tried, vendor biz, broker biz, direct biz, sales telemarketing, regional salespeople, pre-approved lease lines, credit card advances, healthcare working capital loans, portfolio acquisitions, portfolio management for others, invoice financing --- apparently has flopped. "
An insider told Leasing News:
"These 2 units are already closed down. President of Merit is now back at LEAF with investor services. But there are no funds to manage."
Leasing News confirmed the Merit telephone was not working. The web site was up: http://www.meritcapitaladvance.com/
Prompt Payment telephone was working and two messages left in voice mail; both not identified as Leasing News. No response was received. Web site was up: http://www.promptpayment.com/
LEAF Specialty to Shut Down in Two Weeks?
http://leasingnews.org/archives/July2010/7_07.htm#leaf
[headlines]
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[headlines]
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[headlines]
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Update: Looking for Broker Business
All lists are screened, meaning information is verified for the category and listing before
the company is put on this list.
These companies are funders or super brokers seeking independent leasing broker
business. The list does not include "brokers," "lessors", or "packagers."
Funder/Superbroker Looking for New Broker Business
Send company name, contact/email or telephone number as well as a URL to attach or description to
kitmenkin@leasingnews.org
There is no advertising fee or charge for a listing. They are “free.”Leasing News makes no endorsement of any of the companies listed, except they have qualified to be on this specific list.
Leasing News reserves the right to not list a company who does not meet these qualifications.
We encourage 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 are very much encouraged.
Alphabetical list - click on company name to view more details |
ABCO Leasing, Inc.
Advantage Funding
Affiliated Investment Group, Inc.
Agility Solutions
Allegiant Partners Incorporated
American Leasefund, Inc.
Bank of the West
Bankers Capital
Barrett Capital Corporation
Black Rock Capital
Blackstone Capital Partners, L.P.
Boston Financial & Equity Corp.
|
BSB Leasing, Inc.
Calfund, LLC
Chesapeake Industrial Leasing Co., Inc.
Cobra Capital LLC
Dakota Financial
Dumac Leasing
Financial Pacific Leasing
Forum Financial Services, Inc.
Gonor Funding
Lease Corporation of America
Leasing Solutions, LLC
LPI Healthcare Financial Services, Inc.
|
Mar Vista Financial
National Machine Tool Financial Corporation
P&L Capital Corporation
Pawnee Leasing Corporation
Standard Professional Services, LLC
Summit Leasing, Inc.
Quail Capital Corp
TEAM Funding Solutions
Vision Financial Group, Inc.
|
Leasing Associations: All non-profit leasing associations are abbreviated. To see the full name and learn more about the association, please click here.
BBB - Better Business Report | CBB - Leasing News Complaint Bulletin Board
| CNI - Current News Information
A -Accepts Broker Business | B -Requires Broker be Licensed | C -Sub-Broker Program
| D -"Private label Program" | E - Also "in house" salesmen
N/R (not reported)
* (no response---these listing do not come from the company directly, but from our research from many sources. It is our policy not to put anything in this section without confirmation.)
Name
In Business Since
Contact
Website
Leasing Association
|
|
|
|
|
|
|
|
|
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Bank of the West, Indirect Leasing Group
1972
Steve Crane, CLP, Vice President & Marketing Manager
scrane@bankofthewest.com
888.244.0551 ext. 3899
800.473.9878 - Fax
www.bankofthewest.com
ELFA, NAELB, NEFA
(P) |
180 |
National |
$20,000 to $2 million |
|
Y
|
Y |
N |
Y |
Y |
Financial Pacific Leasing
1975
Terey Jennings CLP,
800-447-7107, tjennings@finpac.com
www.finpac.com
ELFA, NAELB, NEFA
(click here for further description) |
130 |
Nationwide |
$5,000-$50,000 |
|
Y |
Y |
Y |
Y |
Y |
|
55 |
Nationwide |
$10,000
|
|
Y |
Y |
N |
N |
Y |
|
45 |
Nationwide |
$1,000 - $30,000
|
|
Y |
Y |
N* |
Y |
N |
|
28 |
National |
$10,000
(most clients are doing
monthly or quarterly schedules) |
|
Y |
Y |
N |
N |
Y |
|
20 |
Nationwide |
Vehicles Only
$10,000 - $1,000,000
|
|
|
|
|
|
|
|
20 |
National |
|
|
Y |
* |
* |
* |
* |
|
20 |
Nationwide |
$15,000 |
|
|
|
|
|
|
|
18 |
East Coast |
$10,000- $1 million |
|
Y |
N |
Y |
N |
Y |
|
15 |
National |
Application only up to
$100,000 |
|
N |
N |
Y |
Y |
|
|
15 |
Nationwide |
$10,000 to $10 million, App only $100K
|
|
N |
Y |
N |
* |
|
|
12 |
National |
|
|
|
|
|
|
|
|
12 |
CA, ID, MT, OR, WA |
$20,000 - $400,000 |
|
|
|
|
|
|
|
12 |
All 50 States |
$10,000-$100,000
DoesC Credit/Subprime Leases
|
|
Y |
|
|
|
|
|
11 |
Does not service:Alaska, Arkansas, Hawaii or Louisiana
No FMV's allowed in: Connecticut, Montana,New Hampshire,Rhode Island
No TRL's allowed in: Georgia
|
|
|
Y |
N |
Y |
N |
N |
|
10 |
Western States |
$15K
Minimum
Does Subprime Leases
|
|
|
|
|
|
|
|
9 |
Nationwide, including Alaska & Hawaii |
$20,000---$150,000 |
$20,000---$150,000 |
|
|
|
|
|
|
9 |
Nationwide & Canada (except Quebec) |
$10,000---$250,000 |
|
Y |
N |
Y |
N |
N |
|
8 |
Nationwide
(except LA, AR and AK) |
$50,000 to $2,000,000
Does Subprime Leases
|
|
|
|
|
|
|
|
7 |
US Canada (F) |
$50,000 to $3MM
$250,000 average transaction |
|
|
|
|
|
|
|
7
|
Nationwide |
$50,000 to $1.0 million. Our average size transaction is $250,000.
Preferred Range
$100,000 to $500,000
Does Subprime Leases
|
|
|
|
|
|
|
|
7 |
National |
$15,000.00 up to $2,000,000.00 |
|
N |
Y |
N |
N |
|
|
6 |
Nationwide - 50 States |
$25,000 + |
|
|
|
|
|
|
|
6 |
Most States |
$50,000 - $450,000 |
|
|
|
|
|
|
|
6 |
Nationwide |
$25,000 min., $250,000 max.
"Ap only" program $25,000 - $75,000
|
|
N |
Y |
Y |
Y |
|
American Leasefund, Inc.
1999
Tom Davis
tom@alclease.com
800.644.1182 - PH
503.244.0845 - FX
www.alclease.com
NEFA |
6 |
Idaho, Montana, Oregon, Washington |
$3,500 - $50,000
Does Subprime Leases
|
|
|
|
|
|
|
|
6 |
Nationwide |
$50,000 to $1MM
$250,000 average transaction |
|
|
|
|
|
|
|
5 |
U.S. |
$50,000 - $1,000,000
(Master Lease)
Does Subprime Leases
|
|
|
|
|
|
|
Barrett Capital Corporation
1975
Barry Korn
914-632-4200
Cell: 914.954.1900
Barrett@BarrettCapital.com
www.BarrettCapital.com
NVLA
(click here for further description) |
4 |
United States |
Vehicles Only
$10,000 minimum |
|
|
|
|
|
|
|
4 |
Nationwide & some offshore |
$10,000 - 250,000
($25,000 - $150,000 desired) |
|
|
|
|
|
|
|
4 |
Nationwide |
$5,000 + |
|
* |
* |
* |
* |
|
|
3 |
USA |
$10,000 to $100,000 with an average of $25,000 - $35,000
Does Subprime Leases |
|
|
|
|
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Dumac Leasing
(a division of Exchange Bank)
N/R
Archie Julian
email
(800) 546-7822
(707) 521-5027
www.exchangebank.com
NAELB
(click here for further description) |
N/R |
West Coast |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
Affiliated Investment Group, Inc. is the proud continuation of over 20 years of serving the broker community. We are a balance sheet, cash flow, credit lender. The primary question on every transaction is "what is the likelihood of being paid back". Our motto is "any equipment, for any Lessee, anywhere in the country". Also known as "The Flexible Funding Source" as we look at a deal with the philosophy of "what's right" about it "how can we make it work". We have significant sources of funds from A to B credits.
Broker Qualify - Yes
ABCO Leasing, Inc. in Seattle area has been operating since 1974 serving the broker community. We required full financial disclosure on every transaction. We do story transactions, but do not like to refer to them as "C" credits. We think of them as "A" type credits that have not been discovered yet. Broker Qualify contact: Brad Christensen, Broker Relations Manager,971/204-0236 bradc@abcoleasing.net
* Allegiant Partners has expanded their maximum transaction size from $250,000 to $500,000 for the 5 western states of California, Oregon, Washington, Nevada and Arizona.
In addition to increasing the transaction size Allegiant is offering more competitve rates for these A- and B+ transactions. Broker Qualify - For Broker qualification please click here.
Allegiant.pdf
Bankers Capital " We will do ANY Type of Equipment, in ANY industry, in ANY state. We especially like 6-figure transactions with full financial packages no matter how good or bad they look. We look to structure the story C&D credits with any kind of additional collateral that makes sense. It could be with 2nd or 3rd mortgages on residential or commercial Real Estate, additional equipment, cash value life insurance, security deposits, vendor agreements. We look for any way to make the deal work instead of looking for any way to decline the deal." Broker Qualify - Please contact Larry LaChance
Barrett Capital Corporation: Broker Qualify - Please Call
Black Rock Capital (Ireland) Limited and Black Rock Capital (UK) Limited provide the same services for small to middle market corporations in the European Economic Community and the United Kingdom.
Boston Financial & Equity Corporation, most of our leases are venture capital backed startups and turnarounds. We require full financial disclosures, CPA and internal statements, no tax returns. We do not required additional collateral, no PG's or RE needed. Do not send deals with large tax liens, especially if they are payroll taxes. Broker Qualify - A deal in hand and a full package
BSB Leasing, Inc has been providing syndication services for brokers nationwide since 1982 and have been funding business directly since 2002 through BSB Direct Finance, LLC. We offer Brokers a complete internet solution for credit submission and tracking and document preparation.
BSB will fund up to $75,000 App Only on our direct line under BSB Direct Finance, LLC and we now offer App Only up to $100,000 through BSB Syndication (our house syndication group.
Broker Qualify - Please Call or see application on-line at bsbleasing.com
Calfund, LLC finances 18 wheelers and some trailers for owner operators with substandard credit.
Cobra Capital, LLC. Comments: Our registered trademark "Making impossible possible" is our central marketing tagline for both strong and weak credits. I have developed a 10 year history, (from Cobra and my prior company GALCO), with specialty, non-conforming transactions (story credits) and have a solid reputation for candidly responding to our originators and lessees and working diligently to mitigate deal risk rather than making excuses to turn deals down. Our originators prefer our underwriting approach to non-conforming transactions since unlike most non-conforming funders, we prefer to mitigate risk versus jacking our return. Both Originators and Lessee's prefer our candid approach as we are also frequently asked to advise lessee's and lessors on the best way to structure their bank loans and raise capital due to our 25+ year banking and accounting backgrounds as my partner and I are both former bankers and CPA's.
Cheasapeake Industrial Leasing Co.,Inc Bank owned funder/super broker. We fund A and B-plus credits through our network of community banks. We are a cash flow and credit lender. Most of our programs are full financial packages with competitive rates. Contact Taylor Brazzon @ 410-661-5000 x125 taylor@cilc.com
Dolsen Leasing has served the 11 Western States since 1958 and specializes in B & C Credits for established and new companies. We require a full financial package and offer both leases and financing for new and used equipment in the range of $10,000.00 to $250,000.00. Specialties include titled vehicles for both existing and new owner operators. Story credits are considered as long as credit has been reestablished and trends are positive. Credit decisions are based on old fashioned common sense, not credit scores, allowing us a very quick turnaround-often the same day. We accept broker business and also have in house salesmen. Broker Qualify - Please call or visit www.dolsenleasing.com
Dumac Leasing--Our prime prospect, has integrity, the ability to submit one to five leases for consideration per month, good financial analysis skills, good packaging abilities and can appreciate a funding source that looks at one deal at a time. Poor rating at BBB is a major hurdle. We are an A Credit lender and cash flow is critical. We use tax returns for info to compute cash flow.
Financial Pacific Leasing
has been in business since 1975, and supports a nationwide network of Third Party Originators. We specialize in small ticket ($5,000 - $50,000) "B" and "C" credits. We are a strong and stable company committed to the Third Party channel. A relationship with Financial Pacific can enhance your vendor/origination relationships by broadening your credit window. To Qualify - Please Call or see "Prospective Third Party Originators" section on www.finpac.com.
Forum Financial Services, Inc., prefer venture capital backed start-ups and middle market to large corporate turnaround companies including companies in bankruptcy and post bankruptcy. Our absolute minimum sales for an established business with financial problems are $10.0 million. (this does not include venture capital backed start-ups). Broker Qualify - Please visit our website at www.forumleasing.com or call 972-690-9444 ext. 225
Gonor Funding specializes in hard to fund leases with D credit. Collateral based with good rates and commission program. Broker Qualify - Please Call
Lease Corporation of America in business over 20 years has been funding selected brokers since 2001. We currently fund brokered transactions from $10,000 t0 $75,000 at LCA Bank and have placement capability up to $1MM. We have a very strong service platform designed to process a large volume of small ticket transactions. We are particularly interested in developing special funding programs for flow business and SBA loans in excess of $400,000.
LPI-HC specializes in working Capital Loans / Equipment Financing for new and established medical professionals with our target market being dentists, medical doctors, veterinarians and physical therapists. We also offer any type of Medical Practice Refinancing for established medical professionals that want to consolidate all their practice debts and improve their cash flow position. "We have the financial solutions to help start and grow a practice with repayment programs designed for medical professionals to manage their money."
Broker Qualify - Please Call
Kurt Hess
770-579-2900 ext. 1100
Address:
2260 Rushmore Dr .
Suite B-3
Marietta , GA 30062
National Machine Tools---Specializing in Machine Tools only for transactions up to $750k. National has been in the Machine Tool Finance business since 1986 and has a leasing proficient staff to accommodate the most challenging transaction. F ull financial disclosure required. We can provide structured financing for the story marginal credits. May require personal guarantees and/or down payments depending on the credit. Any size business accepted. For more information please contact Chris Chiappetta or Robert Lang at 800-669-7527.
Pawnee Leasing CorporationPawnee Leasing Corporation; Some times we go higher than $30,000, but our marketplace is from $1,000 to $30,000. We don't have a "Sub Broker Program per se but accept re-brokered deals with disclosure. Broker Qualify - One year time in business
P&L Capital: 24-36 month leases on name brand desktops, laptops,
and monitor.
Quail Capital offers App Only program up to $100K- nationwide. We also have a special California Only “A” credit program with very competitive rate under “California Express Program”.
On the commercial side, Quail Capital specializes in mid market to large structured and complex transactions. Mohammed Ahsan began his days at Westinghouse Credit (then Atlantic Financial, Mitsubishi Bank, Bank of California and First Sierra) as a funder. He has been in the leasing industry for 29 years. His partner Jeff Rudin has over 29 years leasing experience.
In addition to the equipment leasing, Quail Capital is also involved in Asset Based Lending, Franchise Financing, Acquisition Finance, Sale- Lease Back- Working Capital and facilitate the SBA program.
Broker Qualifying- please call.
Standard Professional Services. LLC is a non-cookie cutter funder who does not credit score.
Summit Leasing consider ourselves to be primarily "B" credit lenders, working almost exclusively through brokers. Broker Qualify - Contact us
TEAM Funding Solutions is a structured lender for brand new businesses or for older companies with previous credit problems. We do not credit score. The secret to producing an approval for C-Credits starts with interviewing your customer." Broker Qualify -
Business Reports: Companies listed may make any netiquette comment about their company or reports or other information in the footnote section of their listing. Leasing News recommends readers also view the footnote as well as the section itself or searching reports on the business.
It also should be noted that if a BBB report listing is found by a reader, as there may not have been one when this was last up-dated, please send the link to maria@leasingnews.org so Leasing News may up-date this section.
Leasing Associations: All non-profit leasing associations are abbreviated. To see the full name and learn more about the association, please click here.
BBB - Better Business Report | CBB - Leasing News Complaint Bulletin Board
| CNI - Current News Information
A -Accepts Broker Business | B -Requires Broker be Licensed | C -Sub-Broker Program
| D -"Private label Program" | E - Also "in house" salesmen
N/R (not reported)
* (no response---these listing do not come from the company directly, but from our research from many sources. It is our policy not to put anything in this section without confirmation.)
[headlines]
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Funder List
This list has been screened to include only funders, where their bank or investors were verified or are public companies. Many of them work with independent brokers, and if they are seeking additional third party business, are on the list above, and have qualified to be on the list.
This list also includes those who do work with brokers, but do not want invite others as they are quite select, and work primarily on their own experience or referral, and may specifically prefer vendor direct business.
It is Leasing News experience there are funders who state they do not work with brokers, but indeed accept referrals and have relationships with third parties who are quite well-known to them and have proven their reputation
Funder List "A"
Page 1 of 2
( for Funder list "B," please click here,
for Broker/Lessors List "A," please click here,
for Broker/Lessor list "B," please click here,
for Captive Lessor list, please click here,
for funders specializing in "Story Credits," please click here
for "Super Broker/Lessors," who primarily place leases, click here )
There is no advertising fee or charge for a listing. They are “free.”Leasing News makes no endorsement of any of the companies listed, except they have qualified to be on this specific list.
To qualify for this list, the company must be a "funder" and not a "Broker/Lessor" or "Super Broker/Lessor". . The company may sell off its portfolio from time to time, but the definition is for a company or financial institution where 50% or more of its business is from actually "funding" transactions themselves, where
they are on "recourse." Every non-public company' banker and/or investor(s) are contacted to verify this.
Leasing News reserves the right to not list a company who does not meet these qualifications.
We encourage 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 are very much encouraged.
( To apply to be listed, please fill in our Funder Form and fax to 408.374.3843 or you
may e-mail to: kitmenkin@leasingnews.org.)
Alphabetical list - click on company name to view more details |
1st Heritage Bank, NA |
De Lage Landen US |
Mount Pleasant Capital |
ACC Capital Corporation |
Diablo Capital |
National City Comm Capital |
Advantage Funding |
Diamond Leasing |
Norlease, Inc. |
Agility Solutions |
Direct Capital Corporation |
Northern California Production Credit Assn. |
Agstar Financial Services |
|
|
AIG Commercial |
Dumac Leasing |
Orix--Capital Markets |
AIG Comm. Equip. Fin., Inc. |
|
Orix Financial Services, Inc. |
All Points Capital |
Emigrant Business Credit |
Orix USA Corp.-Comm Finance |
Alliance Leasing, Inc. |
Equilease Fiancial Services |
P&L Capital Corporation |
Allegiant Partners Inc. |
|
Padco Lease Corp. |
Alter Moneta |
Farm Credit Leasing Services |
Park National Bank |
American Bank Leasing Corp. |
Fifth Third Leasing Company |
Pawnee Leasing Corporation |
American Leasefund, Inc. |
Financial Federal |
People's Capital and Leasing Corp. |
Amsouth Leasing Corporation |
Financial Pacific Leasing |
|
Applied Financial |
First American Bank Leasing |
PNC Equipment Finance, LLC |
Arrow Capital |
First Bank of Highland Park |
|
Atel Capital Group, Inc. |
First Ctizen Bank & Trust |
Puget Sound Leasing |
Atlas Copco Costomer Finance USA, Inc. |
First City Bancorp |
Pullman Bank & Trust |
Balboa Capital Corporation |
First Continental Leasing |
RBS Asset Finance |
Banc Leasing |
First Credit Corporation |
Regions Leasing |
BancorpSouth Equipment Finance |
First Federal Leasing |
|
Bank of America |
First Financial Corporate Services, Inc. |
Republic Financial Corp. |
Bank of Hawaii |
First Hawaiian Leasing |
Regions Financial Leasing, Inc. |
Bank of Ozarks Leasing |
FirstLease |
Resource Leasing Company |
Bank of the West |
First National Equipment Financing |
Reyna Capital |
BankFinancial FSB |
Forsythe Technology Leasing |
Rockwell Finance Group |
Bankers Capital |
Forum Financial Services, Inc. |
Royal Bank America Leasing |
|
Frost Bank |
Sentry Financial Corporation |
Baycap, Inc. |
GATX Corporation |
SL Financial Services |
Baystone Finance Group |
GE Comm Finance
|
Sovereign Bank |
Baytree Leasing Company, LLC |
GreatAmerica Leasing Corp. |
Standard Professional Services, LLC. |
BB&T Leasing |
|
Stearns Bank |
Black Rock Capital |
Hewlett-Packard Fin Srvcs |
Sterling Bank Leasing a division of Sterling National Bank |
Blackstone Capital Partners, L.P. |
Highland Capital Corporation |
Studabaker-Worthington Leasing, Corp. |
BNY Capital Funding |
Highline Capital |
Summit Leasing, Inc. |
|
Hillcrest Bank |
|
Boston Financial & Equity |
Home Savings Bank |
Suntrust Leasing |
BTMU Capital |
|
Susquehanna Patriot Commercial Leasing |
Butler Capital Corporation |
|
TCF Equipment Finance |
C Leasing Company |
Icon Capital |
TEAM Funding Solutions |
California First Leasing |
|
|
Capital One |
International Lease Finance |
Textron Financial Corporation |
|
Jules and Associates |
Timepayment Corp |
CBI Leasing |
Key Equipment Finance |
Tokyo Leasing U.S.A. |
Centennial Bank |
LEAF Financial |
Town & Country Leasing |
|
LEAF Specialty Finance |
Tri County Bank |
Chase Equipment Leasing |
Leasing Technologies Int'l, Inc. |
Trans Lease |
Chesapeake Industrial Leasing |
|
|
Chesterfield Financial Corp. |
LFC Capital |
Unicyn Financiel |
CIT Group |
Liberty Leasing |
|
CitiCapital |
M&I Equipment Finance |
US Bancorp Business Leasing |
Coamerica Leasing Corp. |
M&T Commercial Equipment Leasing |
USXL |
Cobra Capital LLC |
Madison Capital |
Varilease Technology Group |
Comdisco |
|
Verizon Capital Group |
Commerce Commercial Leasing |
Marlin Leasing Corp. |
VGM Financial Services |
Commerce National Bank |
The Matsco Campanies |
Wachovia Leasing |
Commonwealth Capital Corp. |
MB Financial Bank |
Wells Fargo Bank |
Continental Bank |
MBNA |
Wells Fargo Equipment Finance |
Corporate Leasing Associates |
Meridian Healthcare Finance |
Willis Lease |
CSI Leasing |
Mesa Leasing, Inc. |
Zions Credit Corporation |
Dakota Financial |
Microfinancial/Leasecomm |
Hillcrest Bank Leasing |
US Bank Manifest Funding Services |
Vision Financial Group, Inc. |
|
Business Reports: Companies listed may make any netiquette comment about their company or reports or other information in the footnote section of their listing. Leasing News recommends readers also view the footnote as well as the section itself or searching reports on the business.
It also should be noted that if a BBB report listing is found by a reader, as there may not have been one when this was last up-dated, please send the link to maria@leasingnews.org so Leasing News may up-date this section.
Leasing Associations: All non-profit leasing associations are abbreviated. To see the full name and learn more about the association, please click here.
BBB - Better Business Report | CBB - Leasing News Complaint Bulletin Board
| CNI - Current News Information
A -Accepts Broker Business | B -Requires Broker be Licensed | C -Sub-Broker Program
| D -"Private label Program" | E - Also "in house" salesmen
N/R (not reported)
* (no response---these listing do not come from the company directly, but from our research from many sources. It is our policy not to put anything in this section without confirmation.)
Name
In Business Since
Contact
Website
Leasing Association
|
|
|
|
|
|
|
|
|
|
GE Commercial Finance
Commercial Equipment Financing
2002 (Division created)
44 Old Ridgebury Road
Danbury, CT 06810
800-474-2704
contacts, please click here
www.cefcorp.com
ELFA & NAELB |
|
(30 Countries) |
$10,000 to $50MM
Territory: the world and moon |
|
N/R |
N/R |
N/R |
N/R |
N/R |
CIT Group
1908
Angela Feaster
Global Hq: NYC
angela.feaster@cit.com
480.379.3454
www.cit.com
ELFA |
4,800 |
North America, Europe, Latin America, the Pacific Rim. |
$5,000 to $100MM |
|
N/R |
N/R |
N/R |
N/R |
N/R |
Key Equipment Finance
an affiliate of KeyCorp
(NYSE: KEY)
1974
www.kefonline.com
ELFA |
1,100 |
Worldwide |
|
|
N/R |
N/R |
N/R |
N/R |
N/R |
|
460 |
N/R |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
|
260 |
Nationwide |
$3,000 to $75,000 |
|
Y |
N |
N |
Y |
Y |
|
200 |
N/R |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
Bank of the West, Indirect Leasing Group
1972
Steve Crane, CLP, Vice President & Marketing Manager
scrane@bankofthewest.com
888.244.0551 ext. 3899
800.473.9878 - Fax
www.bankofthewest.com
ELFA, NAELB, NEFA
(P) |
180 |
National |
$20,000 to $2 million |
|
Y
|
Y |
N |
Y |
Y |
|
165 |
Nationwide |
$10,000 + |
|
Y |
Y
in CA |
N |
Y |
Y |
|
163 |
Nationwide |
$1,000 - $185,000 |
|
N/R |
N/R |
N/R |
N/R |
N/R |
|
140 |
National |
$5,000 to $500,000 |
|
Y |
N |
N |
Y |
N |
|
130 |
Nationwide |
$5,000 - $50,000 |
|
Y |
Y |
Y |
Y |
Y |
|
125 |
TX, IL, TN, LA, FL, KS, MO, CO, WI |
$5,000 to $2,000,000 |
|
N |
N |
N |
N |
Y |
|
100 |
|
|
BBB |
Y |
Y |
N |
Y |
Y
Mfg. |
|
90 |
N/R |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
Stearns Bank
Equipment Finance Division
1976
Diane Notch, SVP Marketing
888-320-2899
www.stearns-bank.com |
87 |
National |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
PNC Equipment Finance, LLC
1982
800.762.6260
Terry Begley, President
412.768.0543
terry.begley@pnc.com
ELFA |
75 |
National |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
LEAF Specialty Finance
2007
(formerly NetBank Business Finance, 1988 as
Republic of South Carolina)
1-800-669-0222 hwww.leafspecialty.com
EAEL, ELFA, NAELB, UAEL ( E) |
70 |
the contiguous US minus VT |
$5,000 to $1,000,000 |
|
Y |
Y
in
CA & NC |
Y/N |
Y |
N |
|
65+ |
National |
$50,000 - $1,000,000 per schedule |
|
Y |
Y |
Y |
Y |
N |
|
50 |
USA |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
|
45 |
National (U.S.) lender |
$25,000 - $1Million
(typically $100,000 - $350,000) |
|
Y |
N |
N |
Y |
Y |
|
45 |
Nationwide |
$1,000 - $30,000
|
|
Y |
Y |
N* |
Y |
N |
|
45 |
N/R |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
|
40 |
National |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
|
40 |
USA |
$15,000-$100,000 App. Only.
Full credit package up to $1.5MM |
|
Y |
Y |
Y |
Y |
N |
|
38 |
USA |
$10,000.00 - Unlimited |
|
Y |
N |
N |
N |
Y |
|
38 |
US except: Alaska, Arkansas & Louisiana |
$5,000 - $150,000,000 |
|
N |
N |
N |
N |
Y |
1st Heritage Bank, NA
1998
Matt Rogers
714.504.8500
or
949.222.7124
www.fhbankna.com
N/R ( FF) |
35
(2000+ Bank) |
California and Southwest US |
$1MM - $50MM Warehouse Line of Credit |
|
N |
N |
N |
N |
N |
|
35 |
Nationwide |
$3,000.00 - $500,000.00 |
|
|
|
Y |
Y |
Y |
|
33 |
N/R |
$5,000 to $1MM |
|
N/R |
N/R |
N/R |
N/R |
N/R |
|
32 |
Southeast/Midwest |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
|
31 |
Eastern US |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
|
27 |
U.S., Canada, Puerto Rico |
$10,000 to $450,000, Vehicles: Unlimited |
|
Y |
N |
N |
Y |
Y |
|
26 |
Nationwide |
$5,000 min. |
|
Y |
N |
N |
N |
N |
|
26 |
48 contiguous states |
App Only up to $150,000. |
CNI (b)
CNI (a) |
Y |
N |
N |
Y |
Y |
|
25 |
United States |
$100K to $5MM |
|
Y |
N |
N |
Y |
Y |
Meridian Healthcare Finance
1997
Jim Irwin
President / CEO
858.200.2080
jirwin@meridianchf.com
Mike Pestrak
Business Developement Officer
858.200.2088
mpestrak@meridianchf.com
Chip Scoggins
Business Developement Officer
214.733.8332
cscoggins@meridianchf.com
877.220.0033
858.200.2051
www.meridianchf.com
UAEL
(U) |
25 |
Nationwide |
$500,000 to $4MM |
|
N/R |
N/R |
N/R |
N/R |
N/R |
|
28 |
National |
$10,000
(most clients are doing
monthly or quarterly schedules) |
|
Y |
Y |
N |
N |
Y |
|
20 |
Nationwide |
$10,000 - $1,000,000 |
|
Y |
N |
Y |
N |
Y |
|
20 |
|
|
|
|
|
|
|
|
Studebaker-Worthington Leasing Corp.
2001
(2008, purchased by Main Street Bank, Texas, from State Bancorp , company started 1965)
Omar Diaz
800.645.7242 x 521
odiaz@studebaker.com
www.studebaker.com
EAEL & ELFA ( HH) |
20 |
Nationwide |
$10,000 to $5,000,000 |
|
Y |
Y |
Y |
N |
Y |
|
20 |
National |
|
|
Y |
* |
* |
* |
* |
|
19 |
Continental
USA |
$100,000 to $750,000 |
|
Y |
N/R |
N/R |
N/R |
Y |
Chesapeake Industrial Leasing Co.,Inc.
9512 Harford Road
Baltimore, MD 21234
Contact: Taylor Brazzon
taylor@cilc.com
410-661-5000x125
www.clic.com
NEFA (BBB) |
18 |
East Coast |
$10,000 to $1 million |
|
Y |
N |
Y |
N |
Y |
|
18 |
Nationwide |
$15,000 to $1.5MM |
|
N/R |
N/R |
N/R |
N/R |
N/R |
|
15 |
N/R |
$5,000 to $500,000 |
|
N/R |
N/R |
N/R |
N/R |
N/R |
ACC Capital Corporation
2001
(2001, formerly Amembal Capital, Inc. July 1979)
Salt Lake City, UT
Loni Lowder
801-233-2294
www.acccapital.com
ELFA, NAELB |
15 |
Nationwide |
$100,000 plus |
|
Y |
Y |
N |
Y |
Y |
Chesterfield Financial Corp.
1979
Kit Nowicki
Kit@cfclease.com
636-532-2827
www.cfclease.com
NEFA
|
15 |
48 contiguous states |
$5k-100k plus |
|
Y |
N |
N |
Y |
Y |
|
14 |
N/R |
$10,000 to $5MM |
|
N/R |
N/R |
N/R |
N/R |
N/R |
|
14 |
Nationwide |
Minimum
$100,000 |
|
Y |
N |
N |
N |
Y |
|
13 |
National |
$5,000 |
|
Y |
Y |
N |
N |
Y |
|
12 |
Nationwide |
$20,000 - $150,000 |
|
Y |
N |
N |
Y |
Y |
|
12 |
National |
$100,000 to $1,500,000 |
|
N/R |
N/R |
N/R |
N/R |
N/R |
|
12 |
CA, ID, MT, OR, WA |
$20,000 - $400,000 |
|
N/R |
N/R |
N/R |
N/R |
N/R |
|
11 |
Louisiana/Texas |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
|
10 |
Western States |
$15K
Minimum |
|
Y |
Y |
N |
N |
Y |
|
10 |
United States |
$75,000 Min. $175,000 average transaction |
|
Y |
Y |
N |
Y |
N |
|
9 |
Nationwide, including Alaska & Hawaii |
*up to $500,000 |
|
N/R |
N/R |
N/R |
N/R |
N/R |
Baycap, Inc.
(affliate of Beach Business Bank)
2003
Todd Sheets
310.994.9900
www.baycapinc.net
ELFA, NAELB & UAEL |
9 |
National |
$10,000 to $1,000,000 |
|
Y |
N |
N |
N |
Y |
|
9 |
Nationwide & Canada (except Quebec) |
$10,000 - $250,000 |
|
Y |
N |
Y |
N |
N |
|
8 |
Nationwide (except LA, AR & AK) |
$50,000 to $2,000,000 |
|
N/R |
N/R |
N/R |
N/R |
N/R |
|
8 |
N/R |
N/R |
no BBB for this location |
N/R |
N/R |
N/R |
N/R |
N/R |
|
7 |
US Canada |
$50,000 - $3MM
$250,000 average transaction |
|
N/R |
N/R |
N/R |
N/R |
N/R |
C Leasing Company
(a subsidiary of Bank of the West, El Paso, Texas, Year 2000)
1983
Jackson V. Curlin, President
JVCurlin@cleasing.com
A. Ray Sillas, CLP. Vice President
rsillas@cleasing.com
915.599.3965
www.cleasing.com
UAEL |
7 |
National |
$20,000 to $10MM |
|
N/R |
N/R |
N/R |
N/R |
N/R |
|
7 employees
(65 bank) |
United States |
$50,000 to $22,000,000 |
|
N |
N |
N |
N |
N |
|
7 |
Nationwide |
$50,000 - $1.5 million (Our average size transaction is $250,000. Preferred range $100,000 - $500,000) |
|
N/R |
N/R |
N/R |
N/R |
N/R |
|
7 |
N/R |
$10,000 to $1MM |
|
N/R |
N/R |
N/R |
N/R |
N/R |
TEAM Funding Solutions
1997
Ted Reynolds – Owner and President
Lynn Smith – Broker Development Manager, 888-457-6700 x115 – application submittal
Chris Fielder – VP
Stephen Stuesser – CFO
Emily Schreiber – Marketing and Client Services Manager, 888-457-6700 x109 – Broker enrollment and training
512.692.0500 fax
teamfundingsolutions.co
NAELB & UAEL ( YY) |
7 |
|
|
|
Y |
N/R |
N/R |
N/R |
N/R |
USXL
(2008 became a part of the Tygris Group)
(US Express Leasing)
2004
US Express Leasing
ELFA
|
7 |
National |
N/R |
|
N/R |
N/R |
N/R |
N/R |
N/R |
|
6 (345 Bank) |
National |
$250,000 - $5,000,000
Aver. $500-$750,000 |
|
Y |
* |
N |
N |
Y |
American Leasefund, Inc.
1999
Tom Davis
tom@alclease.com
800.644.1182 - PH
503.244.0845 - FX
www.alclease.com
UAEL |
6 |
Idaho, Montana, Oregon & Washington |
$3,500 - $50,000 |
|
N/R |
N/R |
N/R |
N/R |
N/R |
|
6 |
Nationwide |
$25,000+ |
|
N/R |
N/R |
N/R |
N/R |
N/R |
|
6 |
Nationwide |
$50,000 - $1MM
$250,000 average transaction. |
|
N/R |
N/R |
N/R |
N/R |
N/R |
|
6 |
Arizona, California & Nevada |
$10,000 to $200,000 |
|
N/R |
N/R |
N/R |
N/R |
N/R |
|
5 |
U.S. |
$50,000 - $1,000,000
(Master Lease) |
|
N/R |
N/R |
N/R |
N/R |
N/R |
|
5
(350 bank) |
Nationwide |
$50,000 - $10,000,000 |
|
N |
N |
N |
N |
N |
|
5 in leasing department
(50 in bank division) |
48 States |
$15,000 - 1.8 million
Typically
$100,000 - 1.8 million |
|
Y |
N |
N |
N |
N |
|
5 |
National |
$5,000 to $50,000 (prefer 10-30K) |
|
Y |
N |
N |
N |
N |
|
5 |
National |
$10,000 minimum |
|
Y |
N
* |
Y
* |
N
* |
N |
|
4 |
United States |
$10,000 min. |
|
N/R |
N/R |
N/R |
N/R |
N/R |
|
4 |
Western States |
$5,000 to $5,000,000 |
|
Y |
N/R |
N/R |
N/R |
N/R |
Name
In Business Since
Contact
Website
Leasing Association
|
|
|
|
|
|
|
|
|
|
Business Reports: Companies listed may make any netiquette comment about their company or reports or other information in the footnote section of their listing. Leasing News recommends readers also view the footnote as well as the section itself or searching reports on the business.
It also should be noted that if a BBB report listing is found by a reader, as there may not have been one when this was last up-dated, please send the link to maria@leasingnews.org so Leasing News may up-date this section.
Accept licensed brokers 2 years in business. We accept Story "Vendor Programs" for micro ticket programs.
BBB - Better Business Report | CBB - Leasing News Complaint Bulletin Board
| CNI - Current News Information
A -Accepts Broker Business | B -Requires Broker be Licensed | C -Sub-Broker Program
| D -"Private label Program" | E - Also "in house" salesmen
N/R (not reported)
* (no response---these listing do not come from the company directly, but from our research from many sources. It is our policy not to put anything in this section without confirmation.)
Funder List “B”
This list there was no response nor confirmation, but Leasing News believes they would qualify for the Funders List “A,” if there were a response. The list does need to be revised, but respondents have not returned requests, and therefore may not be accurate:
http://www.leasingnews.org/Funders_Only/Funders_B.htm
[headlines]
--------------------------------------------------------------
Advice on Firing a Sales Superstar
Summary: A Hobson’s choice is sometimes a good tactic to help employees make decisions that are good for them and good for the company.
We were recently invited by a client to offer advice on handling a delicate situation that involved two quarreling superstars in the sales organization.
It seemed that the top performers were arguing over ownership of an account that management had assigned to one of the sales professionals. Both had assembled buddies to support their respective positions, and the constant bickering and back-stabbing was a major distraction affecting the front-line managers and many of the team’s sales professionals.
When confronted with the reality that any decision regarding ownership of the account would make someone unhappy, and that firing one of the superstars was an unpleasant option, the managers called us in for our observations and advice.
In talking with several well-respected team members, it was obvious that a continuing feud between the sales superstars was untenable. As you can imagine, the constant tension was contributing to low morale amongst the troops. A number of sales professionals voiced concern about front-line leaders who allowed this situation to get out of hand. If ever there was a time for this management team to evidence strong leadership, this was that time.
What advice did we give to the front-line sales leaders? Don’t fire anyone. Let the antagonists themselves decide who will leave the company, and who will stay.
This strategy may at first appear to be an equivocal response to a difficult situation, and maybe even appear to be a cop-out by management. But, as you will see, it has teeth, and it was very effective in this case.
Following our advice, the front-line leaders called both antagonists into a private meeting room. The sales leaders explained management’s reasons for the account ownership decision, and they acknowledged that the decision would disappoint someone.
Then, without emotion or passion, and without blaming anyone, the leaders informed the sales superstars that their behavior was causing a distraction on the team that management was unwilling to tolerate for another minute.
The leaders then explained that as valuable members of the sales team, and as adults, the superstars would themselves have to resolve this issue within thirty minutes. The components of the Hobson’s choice were:
1) agree to accept management’s decision regarding account ownership, and immediately cease all disruptive behaviors
2) Decide which person will leave the company immediately
3) Decide that both will leave the company immediately
The sales leaders asked the superstars if the meeting instructions were clear. The leaders also informed the antagonists that while the company would be sorry to lose two valuable employees, it was willing to do so for the good of the sales organization. The leaders then exited the room, leaving the sales superstars to discuss their alternatives.
Fortunately, in this case, the meeting provided both sales professionals with an opportunity to reevaluate their positions, to accept management’s decision on the account ownership issue, and to agree to pursue an amicable working relationship.
In a not-too-surprising gesture of cooperation, the superstars jointly offered suggestions to the managers on a clearer policy for resolving conflicts when account ownership issues arose in the future.
The advice we offered may at first appear unconventional; but it allows for respect to be shown to all parties, acknowledgement of personal feelings and preferences, strong sales leadership and a commitment to preserving the integrity of the sales organization.
Copyright © 2010 Selling UpTM. All Rights Reserved
About the author: Steve Chriest is the founder of Selling UpTM (www.selling-up.com), a sales consulting firm specializing in sales revenue improvement for organizations of all types and sizes in a variety of industries. He is also the author of Selling The E-Suite, The Proven System For Reaching and Selling Senior Executives and Profits and Cash – The Game of Business. You can reach Steve at schriest@selling-up.com.
Previous columns: View from the Top:
http://www.leasingnews.org/Conscious-Top%20Stories/A_View.htm
[headlines]
--------------------------------------------------------------
Leasing Industry Help Wanted
Tax Manager
Portland, Oregon
Multi-state property/sales tax experience.
Vertex & PTMS tax management software exp. preferred.
Click here for more information
Please Contact: B. Gail Proper gproper@pfsc.com or Johnathan Wease jwease@pfsc.com
http://www.pfsc.com/
One of the nation’s largest and most trusted independent lease and loan servicing organizations.
|
Please see our Job Wanted section for possible new employees.
[headlines]
--------------------------------------------------------------
#### Press Release #############################
First Sound Bank Raises $3.2 Million of Capital in Private Placement
SEATTLE, WA. -- First Sound Bank (OTC Bulletin Board: FSWA) today announced that by June 30, 2010 it had raised, through a private placement, just over $3.2 million of capital at a price of $0.10 per share. The maximum offering of $6.0 million has been extended to July 30, 2010 or to an earlier date at the bank's sole discretion. The common stock is being sold by the bank's officers and directors to accredited investors only.
The foregoing description of the private offering is qualified in its entirety by reference to First Sound Bank's Notice to Shareholders dated July 6, 2010, a copy of which is included at the end of this news release.
This document does not constitute an offer to sell, nor is it the solicitation of an offer to buy, any shares of common stock. Shares may be purchased only by qualified investors at the bank's sole discretion, pursuant to the subscription agreement and related offering documents.
About First Sound Bank
Established in July 2004, First Sound Bank is a state-chartered commercial bank founded by a team of local business executives and headquartered in Seattle, Washington. The bank serves the Puget Sound Region from its full-service branch in downtown Seattle. In March 2008, First Sound Bank purchased Puget Sound Leasing, a locally owned company that specializes in providing and servicing commercial equipment lease financing for transactions from $5,000 to $250,000.
First Sound Bank Notice to Shareholders
July 6, 2010
Dear Shareholders,
We are pleased to report a number of positive developments that have recently occurred at First Sound Bank:
•At the Annual Shareholders Meeting held on June 24, 2010, the shareholders approved the re-election of the six (6) existing directors and an amendment to the Articles of Incorporation increasing the number of shares of Common Stock authorized from 11,586,250 to 91,586,250.
•On June 16, 2010 the bank commenced a private placement stock offering with the objective of raising a minimum of $3.3 to $3.5 million from accredited investors (minimum net worth of $1 million). By June 30, 2010, the bank had received subscriptions for over $3.0 million, which was deposited to the capital of the bank on that date, increasing the bank's Tier 1 capital to just over 3 percent. As of the date of this letter, the bank has raised approximately $3.2 million in shares priced at $0.10 per share. The offering has been extended through July 2010 but may be terminated at an earlier date.
•On June 1, 2010, the lawsuit filed by the bank against LARASCO, Inc. (formerly Puget Sound Leasing Company, Inc.) and Richard and Louis Secord (its owners) alleging, among other things, a breach of contract, was scheduled for trial. A few days before the trial was to begin, LARASCO filed for bankruptcy in the U.S. Bankruptcy Court for the Eastern District of Washington and the Secords filed for bankruptcy in the U.S. Bankruptcy Court for the Western District of Washington. On June 9, 2010, the bank filed a motion to transfer venue of the LARASCO bankruptcy to the Western District. On July 1, 2010, Judge Patricia C. Williams of the Eastern District granted the bank's motion. This will greatly shorten the time to bring the bank's lawsuit against LARASCO and the Secords to trial. It should be noted that the Court had granted the bank summary judgment (a ruling in favor of the bank as a matter of law) on a number of the matters in dispute, as well as a pre-judgment writ of attachment on certain assets – primarily real estate – to which the bank, if it prevails, believes it has a strong claim for priority over other creditors.
(It should be noted both Secord’s bankruptcy was not mentioned, nor the bank suits regarding prior settlement agreements based on the bank winning the case, and settlement agreements, if it did not. Editor #1)
•In the second quarter of 2010, the bank incurred – on an unaudited basis – a loss of $2.7 million. Most of this was due to an increase in the reserve for loan losses to cover possible future losses in its leasing and real estate portfolios. Fortunately, the losses suffered in the leasing portfolio are diminishing. Leases originated from the first quarter of 2009 – when underwriting standards were tightened and new Leasing Division management was put into place – continue to demonstrate minimal losses and reflect the quality of the portfolio since that time. Although there can be no assurance of this, we believe this trend will continue and the Leasing Division will become profitable in 2011. On the bank side, criticized loans – primarily in the real estate portfolio – are, one by one, being resolved.
We believe trends for the bank are favorable, with regard to both the bank's operations and resolving the pending litigation. We continue to have regulatory concerns and will need to increase capital, but we do feel that after a difficult time our prospects are improving.
We are encouraged by the loyal support of our shareholders and customers and feel privileged to be associated with and serve them.
If you have questions about anything in this letter, including the stock offering, please feel free to call either of us at the bank.
Sincerely,
Don L Hirtzel, Chairman & Chief Executive Officer
Steven M Shaughnessy, President & Chief Operating Officer
#1 Secord Bankruptcy for Real
http://leasingnews.org/archives/Jun2010/6_28.htm#secord
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Allegiant Partners Completes $13 Million Line
Allegiant Partners Incorporated announced a completed $13 million funding facility with Harris N.A. a part of BMO Financial Group (NYSE: BMO; TSX: BMO). The facility can be expanded to up to $20 million.
“The last couple of years have been extremely challenging in the small ticket business,” commented Chris Enbom, CEO of Allegiant Partners.
Chris Enbom, CEO
“Allegiant has weathered the storm and has a very strong balance sheet. We are pleased to have re-financed our existing $10 million with a larger line. Many of our competitors have exited the equipment finance market and as the smoke clears there are fewer players and more opportunities. We thank Bob Bomben and his great team at Harris Bank for their hard work and deep understanding of specialty finance businesses.”
San Rafael, CA-based Allegiant Partners (www.allegiant-partners.com) is an employee-owned commercial funding source started in 1998 that specializes in equipment finance for small businesses. Allegiant focuses on bank policy exceptions, hard asset transactions, story credits and well capitalized small business start-up financings. Allegiant Partners owns First Star Capital (www.FirstStarCapital.com), a direct source for commercial equipment financing and working capital. Allegiant also purchases small, structured portfolios through its affiliate Dunhill Leasing, LLC.
Chris Enbom, CEO
Allegiant Partners Inc.
900 4th Street
Suite 200
San Rafael, CA 94901
office: (415) 451-4041
cell: (415) 305-8850
www.allegiant-partners.com
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(This ad is a “trade” for the writing of this column. Opinions
contained in the column are those of Mr. Terry Winders, CLP)
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Global Capital, Ltd. and Somerset Capital Group
announce the formation of a Strategic Alliance
Chicago, Illinois,– Global Capital, Ltd. (“Global”) , headquartered in Grayslake, Illinois and Somerset Capital Group, Ltd. (“Somerset”), based in Milford, Connecticut, two well established members of the equipment leasing community, have joined forces in developing a unique joint marketing alliance that leverages the strengths of both firms.
While Global and Somerset will continue to operate as separate companies, the newly formed alliance will provide customers’ access to a combination of Somerset’s financial strength, robust financing capabilities and comprehensive in house servicing platform along with Global’s marketing prowess. These combined efforts will afford prospective and existing customers of both organizations expanded access to equipment leasing solutions for a broad array of assets both domestically and internationally.
Terri McNally, President and CEO of Global will focus her marketing efforts on multi-national corporations with a global focus while Mark Jackman, Global’s VP of Marketing will focus on domestic business opportunities. Adam Simon, Somerset’s Executive VP of Sales, will lead the Somerset team in supporting and expanding this initiative.
“Somerset Capital Group was one of our original supporters 10 years ago when I founded Global, and they have consistently been there for us through our growth. Their superior funding capabilities, both domestically and internationally and attentiveness in providing quality customer service will provide tremendous additional value to our clients. Our global relationships will now be able to count on us throughout the lifecycle of each and every transaction we originate, including our adherence to the requirements of our ISO Certification. Our partnership with Somerset will allow us to expand our portfolio, handle a significantly increased volume of large, mid-sized and smaller transactions, maintain control over those transactions and our customer relationships and provide our clients and vendor partners with greater flexibility than we have ever been able to provide in our history. Somerset’s pristine reputation in the market and long track record creates a high level of trust for us and our customers.”
Evan Bokor, President and CEO of Somerset added “Change is one of the few constants in our industry. Companies such as Somerset and Global must continue to explore ways to find new and creative ways to address the challenges of today’s market and establish paths for future growth. I am excited to have this opportunity to work closely in developing a true partnership with a high quality and well respected organization such as Global Capital. We believe that by working together with Global, freely sharing ideas and approaches and jointly developing new products and structures we will benefit our mutual customers, and our respective organizations.”
About Global Capital, Ltd.
Founded in 1999, Global, a WBENC Certified Woman Owned Business Enterprise, has provided equipment financing and asset management services to a large group of multinational corporations on a wide range of products. Global Capital, Ltd. maintains both a TL9000 and ISO 9001 Certifications, providing their customers assurance of focus on quality and continuous improvement. Global’s approach of developing high level relationships within the organizations it services has allowed the company to effectively network with many of the largest companies in the world. Their client centric approach has allowed them to maintain strong relationships with their customer base despite the highly competitive nature of today’s markets.
About Somerset Capital Group, Ltd.
Somerset was established in 1984 and offers a broad range of equipment leasing and asset management solutions. Somerset’s depth of experience, flexibility and dedication to nurturing long-term relationships provides a value proposition to its clients and business partners well beyond competitively priced lease structures. Somerset’s financial strength provides the company with the capabilities to execute on global transactions ranging in size from $25,000 to $50 million covering a diverse array of asset types including information technology, material handling, medical, and manufacturing equipment with each transaction tailored to the specific and evolving requirements of its clients. Somerset maintains a staff of qualified professionals to handle, in house, all of its servicing functions. The company’s primary operations are in the US with additional operations in Canada, Singapore and Taiwan.
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Two Plead Guilty to Tax Evasion
Santa Ana, California – In the United States District Court in Santa Ana, the owner of Tommy’s Family Restaurant in San Clemente pleaded guilty to federal tax charges.
Petro Konstantopoulos, of San Clemente, California, pleaded guilty before the Honorable United States District Court Judge James V. Selna to one count of willfully subscribing to a false 2004 United States Income Tax Return, Form 1040, which he filed with the Internal Revenue Service.
According to his plea agreement, Konstantopoulos admitted that during the years 2004 and 2005, that he knowingly under-reported at least $223,600 and $195,600 in taxable income, for the respective years, which resulted in taxes due to the IRS of at least $121,000.
As a part of his plea agreement, Konstantopoulos agreed to file amended tax returns for the tax years 2004 and 2005, correctly reporting unreported income and receipts and provide IRS with information regarding these years, or sign a closing agreements with IRS so that the IRS can assess and collect the total sum of additional taxes and civil fraud penalty due for tax years 2004 and 2005.
Previously, in a similar tax fraud matter, a Yorba Linda man who owned AMNAT Environmental & Geotechnical located in Anaheim pleaded guilty to federal tax charges.
On June 21, 2010, in the United States District Court in Los Angeles, Emmanuel Chukwueke, of Yorba Linda, California pleaded guilty to one count of subscribing to a false United States Income Tax Return, Form 1040, which he filed with the Internal Revenue Service for the 2005 tax year. Chukwueke entered his guilty plea before the Honorable United States District Judge George H. King.
According to his plea agreement, Chukwueke admitted that during the years 2004, 2005, and 2006, he knowingly under-reported business receipts of at least $1.7 million ($454,200, $770,100, and $488,500, for the respective years), which resulted in defendant failing to pay taxes due to the IRS of at least $390,000.
As a part of his plea agreement, Chukwueke agreed to file amended tax returns for the tax years 2003 through 2006, correctly reporting the unreported income and receipts, and will provide IRS with information regarding these tax years. Chukwueke also agreed to pay at least $400,000 to the IRS as a credit towards all additional taxes, penalties and interest assessed by IRS.
Konstantopoulos is scheduled to be sentenced before Judge James V. Selna on November 1, 2010, and Chukwueke is schedule to be sentenced before Judge George H. King on November 15, 2010. Both defendants each face a statutory maximum three years in federal prison and a fine of $100,000.
The investigations of Konstantopoulos and Chukwueke were conducted by IRS – Criminal Investigation and the United States Attorney’s Office in Santa Ana.
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Classified ads—Re-Seller / Sales
Re-Seller: Orem, UT
CVI is an asset recovery company that collects on accounts,repossesses equipment and remarkets throughout the united states. For more information call David at
801-765-9939
E-mail:canyonviewinc@juno.com |
Sales: Glen St. Mary, FL
Southeast Sales Rep,To Promote Specialty Pasture-Turf Agricultural Equipment. Will Find Aggressive Dealers and Locations. North Florida Area Between 2 Major Interstate.
E-mail: kenneth@thompsonaeration.com |
Sales: Seasoned and fair priced workforce (Nationwide) is at your service for all lease collections, repossessions, and asset liquidations, appraisals. Call Nassau Asset Management 800-462-7728 dcastagna@nasset.com |
Remarking Trucks/Big Rigs Remarking solutions big rigs assets and trucking
related companies including collections, recovery, repair
and re-sales contact: Robert Anderson
cell # 586-909-8797 www.nsleasing.com
|
Leasing Industry Outsourcing
(Providing Services and Products)
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
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Fernando's View
By Fernando F. Croce
Special Summer Edition: Best Movies to Watch with Your Grandkids
Taking a break from the newest releases? Check out Netflix for some of these terrific older films, which can be enjoyed by grandparents and grandkids alike.
On Golden Pond (Mark Rydell, 1981): Screen legends meet in this famous heart-warmer and perennial family favorite. Ethel (Katharine Hepburn) and Norman Thayer (Henry Fonda) are an aged couple who every year come to spend some time at their cabin near Golden Pond in New Hampshire. This year, however, there’s the extra drama of a surprise visit by their estranged daughter Chelsea (Jane Fonda), who arrives with her fiancée’s smart-alecky son (Doug McKeon) as well as years of emotional baggage to resolve. The plot may sound melodramatic, but director Michael Rydell keeps the blend of drama and comedy light, offered mainly as a chance to watch the stars interacting in comical and touching ways. The scenes between Fonda (in his only Oscar-winning role) and Hepburn (who won her fourth Oscar) are a treat.
Parenthood (Ron Howard, 1989): Family has long been a central concern in the movies of Ron Howard (“Apollo 13,” “A Beautiful Mind”), and this sprawling tragicomedy is considered by many to be his best and most personal movie. Focusing on the three interlocking generation comprising the Buckman clan, it weaves an affecting mosaic of family joy and tension. There’s Gil (Steve Martin) and Karen (Mary Steenburgen), who are dealing with emotional children; Helen (Dianne Wiest), who’s facing multiple crises with her children (River Phoenix, Martha Plimpton); and Frank (Jason Robards), the grandfather with a trouble-bound son (Tom Hulce). With an exceptional cast that also includes Rick Moranis and Keanu Reeves, it’s a rich and heartening mix of laughs and heartbreak to watch with members of your family.
The Notebook (Nick Cassavetes, 2004): Can love survive the boundaries of time and space? That’s the question asked by this gentle-spirited romance set across generations, adapted from the popular novel by Nicholas Sparks. The story begins with an older man (James Garner) reading a story to a nursing-home resident (Gena Rowlands) about a young couple in love. In the story, set decades earlier, well-off Allie (Rachel McAdams) starts seeing poor but passionate Noah (Ryan Gosling) after they meet one night at the fairgrounds. Although they’re from different social classes, love develops between the two until subsequent events pull them apart. Gradually and movingly, the connection between the young couple in the story and the aged people reading it becomes clear. An affectingly old-fashioned romance that helped launch the careers of Gosling and McAdams.
The Turning Point (Herbert Ross, 1977): “The generations change, but the choices remain the same.” That’s the tagline for this largely overlooked drama about parental dedication and responsibilities, which tells the story of two different yet interconnected women dedicated to ballet. A former dancer, Deedee Rodgers (Shirley MacLaine) now runs a ballet academy in Oklahoma City with her husband (Tom Skerritt), where their daughter Emilia (Leslie Browne) performs with honors. However, the stability of their professional and emotional lives taken a sudden turn when Deedee meets Emma (Anne Bancroft), her dancing partner from years before, and old rivalries reemerge. A feast for lovers of dance and of classy melodrama, Herbert Ross’ polished movie also has the added bonus of legendary performer Mikhail Baryshnikov in the cast.
The Princess Bride (Rob Reiner, 1987): Rob Reiner’s fairy-tale starts conventionally, with a kindly grandfather (Peter Falk) getting ready to tell his grandson (Fred Savage) a bedtime story. In no time, however, we realize that this is no ordinary fantasy. As the magical kingdom of the story is laid out, we meet the usual suspects, from the feisty princess (Robin Wright) to the brave hero (Cary Elwes) to the villainous prince (Chris Sarandon). The difference is that the characters are all played with the kind of tongue-in-cheek humor that would later be popularized in the “Shrek” movies. With countless classic bits and memorable characters (played by the likes of Billy Crystal, Mandy Patinkin, Wallace Shawn and Andre the Giant), this is an adventure that’s both thrilling and giddy, and a perfect movie to be savored equally by old and young.
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Today in History
1847-the twelve and longer workday was common. The first law to try and change the workday to ten hours a day was by a new law in New Hampshire, although because of the “bargaining position,” it was ineffective. It stated that “in all contracts relating to labor, ten hours actual labor shall be taken to be a day’s work unless otherwise agreed by the parties.”
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This Day in American History
1755 - General Edward Braddock was mortally wounded when French and Indian troops ambushed his force of British regulars and colonial militia, which was on its way to attack France's Fort Duquesne (Pittsburgh). Gen. Braddock's troops were decimated at Fort Duquesne, where he refused to accept Washington's advice on frontier style fighting. British Gen'l. Braddock gave his bloody sash to George Washington at Fort Necessity just before he died on Jul 13.
1776- Declaration of Independence read aloud to Gen Washington's troops in NY.
1776 - New York was the 13th colony to ratify the Declaration of Independence.
1793- Vermont is the first state to complete the revision of its constitution
( lower half of: http://memory.loc.gov/ammem/today/jul09.html )
1809-Samuel Parker of Billerica, MA received his first patent for a leather-splitting machine, which split leather to any thickness. This invention doubled the use of leather.
1811- Sara Payson Willis Parton born Portland, Maine, better known as Fanny Fern, whose first collection of witticisms sold 80,000 copies. SP was one of the first woman newspaper columnist in the world.
http://www.search.eb.com/women/articles/Parton_Sara_Payson_Willis.html
http://www.awomanaweek.com/parton.html
http://college.hmco.com/english/lauter/heath/4e/students/author_pages/early_nineteenth/
fernsarawillisparton_fa.html
1819-birthday of Elias Howe, American inventor of the sewing machine, born at Spencer, MA. He died October 3, 1867, Brooklyn, NY. All inventions were slow to catch on as people were afraid to try new things, or change, or invest. His invention made him very little money.
http://memory.loc.gov/ammem/today/jul09.html
1838- Birth of Philip P. Bliss born in Clearfield County, Pennsylvania. American gospel singer and songwriter. His best-remembered hymns include 'Wonderful Words of Life,' 'It is Well with My Soul' and 'Let the Lower Lights Be Burning.'
http://www.wholesomewords.org/biography/biorpbliss.html
1846 - An American naval captain occupies the small settlement of Yerba Buena, a site that will later be renamed San Francisco. Surprisingly, Europeans did not discover the spectacular San Francisco Bay until 1769, although several explorers had sailed by it in earlier centuries. When Spanish explorers finally found the bay in that year, they immediately recognized its strategic value. In 1776, the Spanish built a military post on the tip of the San Francisco peninsula and founded the mission of San Francisco de Asis (the Spanish name for Saint Francis of Assisi) nearby. The most northern outpost of the Spanish, and later Mexican, empire in America, the tiny settlement remained relatively insignificant for several decades. However, the potential of the magnificent harbor did not escape the attention of other nations. In 1835, the British Captain William Richardson established a private settlement on the shore of Yerba Buena Cove, several miles to the east of the Mexican mission. That same year the U.S. government offered to purchase the bay, but the Mexicans declined to sell. In retrospect, the Mexicans should have sold while they still had the chance. A little more than a decade later, a dispute between the U.S. and Mexico over western Texas led to war. Shortly after the Mexican War began, U.S. Captain John Montgomery sailed his warship into San Francisco Bay, anchoring just off the settlement of Yerba Buena. On this day in 1846, Montgomery led a party of marines and sailors ashore. They met no resistance and claimed the settlement for the United States, raising the American flag in the central plaza. The following year, the Americans renamed the village San Francisco. When the Mexicans formally ceded California to the United States in the 1848 Treaty of Guadalupe, San Francisco was still a small town with perhaps 900 occupants. That same year, however, gold was discovered at the nearby Sutter's Fort. San Francisco became the gateway for a massive gold rush, and by 1852, the town was home to more than 36,000.
1846 - The U.S. Treaty with Great Britain set the Oregon boundary at the 49th parallel. Expansionists in Congress disagreed, and used the slogan “54-40 or Fight.” In June, Col. Castro’s forces from Monterey, under the command of Joaquín de la Torre, fought the “Battle of Olompali” north of San Rafael with Fremont’s troops from Sonoma. Two Americans and five or six Californians were killed. John Frémont, along with my namesake Christopher “Kit” Carson, his guide, crossed to the Presidio with his Republic of California forces and spiked 10 Spanish guns. He also gave the name “Chrysoplylae” or “Golden Gate” to the entrance of the Bay. Meanwhile, on July 2 Commodore Sloat anchored at Monterey aboard the “Savannah.” He hesitated to follow his secret orders lest he commit the same grave error as Commodore Jones in 1842. Thomas Larkin advised the Commodore to move cautiously. July 5, Frémont returned to Sonoma and organized the “California Battalion” to carry on the revolution. Marine Lt. Archibald H. Gillespie was appointed adjutant. July 7, American flag rose at Monterey by Commodore John Drake Sloat, U.S.N. Sloat decided to take possession of California because he feared the British might occupy Monterey, and he was concerned about the reported revolution in Sonoma. The Commodore told the people of Monterey that he came to bring greater political freedom and stability, and henceforth California would be a part of the United States.
Population the pueblo of Yerba Buena estimated at about 1000 non-natives. There were about 50 buildings in the pueblo. July 8, Capt. Montgomery took formal possession of Yerba Buena and appointed Lt. Washington Allen Bartlett the first American Alcalde because he spoke fluent Spanish. This appointment was later ratified by a vote of the people. And this day, Captain James B. Montgomery of the “U.S.S. Portsmouth” and 70 marines and sailors marched to the Plaza at Yerba Buena (San Francisco), hauled down the Mexican flag and raised the Stars and Stripes. Capt Montgomery claims Yerba Buena (San Francisco) for United States. He later made Indian slavery against the law by proclamation.
http://www.sfmuseum.org/hist6/indian.html
As a side note, it would not be until January 24, 1848 that James W. Marshall, an employee of John Sutter, accidentally discovers gold while building a sawmill near Coloma City. Efforts to keep the discovery secret failed, and the gold rush of 1849 was under way, bringing thousands of men to California.
1847-the twelve and longer workday was common. The first law to try and change the workday to ten hours a day was by a new law in New Hampshire, although because of the “bargaining position,” it was ineffective. It stated that “in all contracts relating to labor, ten hours actual labor shall be taken to be a day’s work unless otherwise agreed by the parties.”
1850-Zachary Taylor, War hero, 12th president of the United States, after serving only 16 months, dies of “acute gastrointestinal illness,” also thought to be cholera at the age of 55. Vice-President Millard Fillmore was sworn in as the 13th president of the United States on July 10. Some historians suggested that Taylor
may have been poisoned. To test this theory, his remains were exhumed from a cemetery in Louisville, KY, on June 17, 1991. A coroner’s report dated June 26 found no evidence of foul play.
1852 -- American Poet Henry Wadsworth Longfellow visits Jewish cemetery of Newport, RI. Shortly thereafter he writes his poem "The Jewish Cemetery at Newport".
1853-Admiral Perry and US Navy visit Japan
http://www.brunias.com/perry.html
http://www.baxleystamps.com/litho/ry_litho_narrative.shtml
1863-At the battle of Port Hudson, Miss., Confederate Major General Franklin Gardner surrendered his garrison of 5500 men to General Nathaniel P. Banks after a siege of six weeks. The army this day fully controlled this crucial spot on the Mississippi.
http://www2.cr.nps.gov/abpp/battles/la010.htm
http://homepages.rootsweb.com/~genworld/porthdsn.html
1864 - Confederate General Jubal Early brushes a Union force out of his way as he heads for Washington. Early's expedition towards the Union capital was designed to take pressure off Robert E. Lee and the Army of Northern Virginia around Petersburg. Beginning in early May, Ulysses S. Grant's Union army had continually attacked Lee and drove the Confederates into trenches around the Richmond-Petersburg area. In 1862, the Confederates faced a similar situation around Richmond, and they responded by sending General Thomas J. "Stonewall" Jackson to the Shenandoah Valley to occupy Federal forces. The ploy worked well, and Jackson kept three separate Union forces away from the Confederate capital. Now, Lee sent Early on a similar mission. Early and his force of 14,000 marched down the Shenandoah Valley, crossed the Potomac into Maryland, and then veered southeast toward Washington. Union General Lew Wallace, commander of the Middle Department and stationed in Baltimore, patched together a force of 6,000 local militiamen and soldiers from various regiments to stall the Confederates while a division from Grant's army around Petersburg arrived to protect Washington. Wallace placed his makeshift force along the Monocacy River near Frederick. Early in the morning of July 9, Early's troops easily pushed a small Federal guard from Frederick before encountering the bulk of Wallace's force along the river. Wallace protected three bridges over the river. One led to Baltimore, the other to Washington, and the third carried the Baltimore and Ohio Railroad. Early's first attack was unsuccessful. A second assault, however, scattered the Yankees. The Union force retreated toward Baltimore, and the road to Washington was now open to Early and his army. Union losses for the day stood at 1,800, and Early lost 700 of his men. However, the battle delayed Early's advance to Washington and allowed time for the Union to bring reinforcements from Grant's army. On July 11th, he actually entered the District of Columbia, breaking through inadequate Union forces southeast of Frederick, MD. He withdrew on July 12th as reserves were reported on their way. He continued to harass Union forces from the Shenandoah Valley until the Battle of Cedar Creek in October. He again missed his opportunity and allowed the Union troops to regroup. The poem “Sheridan’s Ride” by Thomas Buchanan Read dramatized the general’s return to the field and the turn of the battle.
http://www.sonofthesouth.net/union-generals/sheridan/poem-sheridans-ride.htm
1868- The 14th Amendment defined US citizenship and provided that no State shall have the right to abridge the rights of any citizen without due process and equal protection under the law. Coming three years after the Civil War, the 14th Amendment also included provisions for barring individuals who assisted in any rebellion or insurrection against the US from holding public office, and releasing federal and state governments from any financial liability incurred in the assistance of rebellion or insurrection against the US.
1872-John F. Blondel of Thomaston, ME, obtained a patent for a doughnut cutter. A spring pushed the dough out of a center tube to make a hole. His invention helped to increase efficiency for bakers to increase their quantities of this tasty treat that originated in the 16th century Holland, where it was known as an "Olykoek." Blondel, however, was not the one who gave this pastry its famous ring shape. According to legend, a Maine sea captain gave the doughnut its hole by thrusting a piece of fried dough on the spoke of his ship’s wheel so he could steer with both hands. On the books, however, it was in 1847 when a young American named Captain Hanson Crockett Gregory first put the hole in the doughnut. Hanson's mother was a cake maker who, because the cakes were difficult to fry all the way through, began placing walnuts and hazelnuts in the center to mask their gooey texture. Her son disliked this part of the otherwise delicious cake and removed it altogether, giving it the look we all know and love. Today Americans eat an estimated 10 billion of these deep-fried pastries annually. Krispy Kreme is taking the country by storm.
1893-in Provident Hospital on Chicago’s south side, African-American surgeon Dr. Daniel Hale Williams performed the first successful open-heart surgery. The patient was James Cornish, who’s internal mammary artery had been damaged by a knife wound. The operation was witnessed by six doctors, and described in the March 27, 1897 Medical Record.
1894- Dorothy Thompson birthday- influential U.S. newspaper columnist. Expelled from Germany for her virulent anti-Nazi stand when she was a U.S. reporter, she lectured widely against Hitler on her return to the U.S. She headed her paper's Berlin office 1925-1934. Her newspaper column On the Record was one of the most popular in the nation (1936-1958).
http://www.britannica.com/women/articles/Thompson_Dorothy.html
http://www.amazon.com/exec/obidos/ASIN/0826206468/avsearch-bkasin-20/
103-5362656-4423850
http://www.ksu.edu/dthompson/
1896- Birth of William Cameron Townsend, American missionary and linguist. In 1942 he established what has become the largest evangelical missionary agency in the world --Wycliffe Bible Translators (WBT).
http://www.wycliffe.ca/resource/HTML/history_cameron.html
1907-birthday of Eddie Dean ( Edward Dean Glosup,) was born in Posey, Texas. He appeared in scores of low-budget westerns, including his own series of 20 films from 1946 to '48. Dean and his wife Loreen co-wrote the country music classics "One Has My Name, the Other Has My Heart" and "I Dreamed of a Hillybilly Heaven. Died Thousand Oaks, California, March 4, 1999"
http://us.imdb.com/Name?Dean,+Eddie
1908 – American photographer Minor White birthday.
http://photography.about.com/library/weekly/aa121701a.htm
http://www.profotos.com/education/referencedesk/masters/masters/minorwhite/
minorwhite.shtml
http://www.artcyclopedia.com/artists/white_minor.html
http://www.masters-of-photography.com/W/white/white.html
http://www.masters-of-photography.com/W/white/white_devils_slide_full.html
http://masters-of-photography.com/W/white/white_windowsill_full.html
http://www.artcyclopedia.com/artists/white_minor.html
1910 - Jimmy Dale Birthday
((real name Harold C. Fox, bandleader-clothier, who first coined “zoot suit” ( with a reet pleat!)1942.)
Bahai’i observance of the anniversary of the execution by a firing squad, 1850, at Tabriz, Persia, of the 30-yer-old Siyyid Ali Muhammed, the Bab ( prophet-herald of the Baha’ Faith. One of the nine days of the year when Bahai'is suspend work.
www.us.bahai.org
1914-the first auction duplicate bridge championship was held at the Lake Placid Club, Lake Placid, NY. The four-man team of the New York Bridge Whist Club defeated the team of the Knickerbocker Whist Club of New York City by seven tricks on 48 boards to win the American Whist League’s Hamilton Trophy, symbolic of the whist championship of the United Sates and Canada.
1915--Birthday of American composer David Diamond, born Rochester, NY. Died 12 June, 2005.
Diamond studied with Nadia Boulanger in Paris, because of his great hero Maurice Ravel. He Had a close friendship with Leonard Bernstein, who premiered a lot of his works. Diamond was still active as a composer in his mid 80’s, and has been mostly known for the work "Rounds" for string orchestra.
1918 –- Worst rail accident in U.S. history occurs with head-on collision of two trains at Nashville, Tennessee, taking the lives of 101 & injuring another 171.
1921-birthday of Canadian country singer Stu Davis ( David Stewart,) born in Boggy Creek, Saskatchewan. He and his brother Fred teamed up in 1939 to perform as the Harmony Boys on Regina radio station CKCK. Stu Davis later became known as "Canada's Cowboy Troubadour," and made appearances in the late 1940's on NBC radio's "National Barn Dance" from Chicago and the "Grand Ole Opry." Davis signed with London Records in 1956, making 15 LP's for the label.
1925-birthday of tenor sax player Frank Wright, Grenada, MS
http://www.centrohd.com/music/allmusic/art1.htm
1926- Mathilde Krim birthday - founder of AmFar, the preeminent AIDS organization in 1980 that has raised more than $50 million for AIDS research and education. She was one of the first to recognize the dangers of AIDS worldwide - in 1980 when most health authorities were unaware of anything called AIDS - and then had the courage to do something about it, using $100,000 of her own funds. She served as head of a lab at New York's Memorial Sloan-Kettering Cancer Center and was a noted medical researcher and health educator.
http://www.70up.org/krim.htm
http://www.thebody.com/amfar/krim.html
1928- Vince Edwards birthday. As Dr. Ben Casey on the 1961 television show “Ben Casey,” Edwards’s muscular, brooding charm made him an overnight sex symbol. Medical school enrollment increased while he was on the air. After conquering a gambling addiction, he became a real-life hero. Born at Brooklyn, NY, he died at Los Angeles, CA, Mar11, 1996.
1930-arranger/bandleader Buddy Bregman born, Chicago, IL
http://www.bobbydarin.net/bdbuddy.html
http://www.buddybregman.com
1936 - The temperature hit an all-time record high of 106 degrees at the Central Park Observatory in New York City, a record which lasted until LaGuardia Airport hit 107 degrees on July 3rd in 1966.
1941 - Crackerjack British cryptologists break the secret code used by the German army to direct ground-to-air operations on the Eastern front. British experts had already broken many of the Enigma codes for the Western front. Enigma was the Germans' most sophisticated coding machine, necessary to secretly transmitting information. The Enigma machine, invented in 1919 by Hugo Koch, a Dutchman, looked like a typewriter and was originally employed for business purposes. The Germany army adapted the machine for wartime use and considered its encoding system unbreakable.
1942 - No. 1 Billboard Pop Hit: ``Sleepy Lagoon,'' Harry James Orchestra.
1944- German Army Group Center was taken by surprise when the Soviets began an offensive between the Baltic Sea and the Carpathian Mountains. The Germans had expected an attack farther south, where the Red Army had already penetrated deep into Poland. When Hitler refused to allow a German retreat, the Soviets easily broke through the German lines, and the Reich’s forces were isolated in the Baltic states. Within a week Army Group Center was virtually annihilated, with a loss of 200,000 men.
1944-*PUCKET, DONALD D. (Air Mission) Medal of Honor
Rank and organization: First Lieutenant, U.S. Army Air Corps, 98th , Bombardment Group. Place and date: Ploesti Raid, Rumania, 9 July 1944. Entered service at: Boulder, Colo. Birth: Longmont, Colo. G.O. No.: 48, 23 June 1945. Citation: He took part in a highly effective attack against vital oil installation in Ploesti, Rumania, on 9 July 1944. Just after "bombs away," the plane received heavy and direct hits from antiaircraft fire. One crewmember was instantly killed and 6 others severely wounded. The airplane was badly damaged, 2 were knocked out, the control cables cut, the oxygen system on fire, and the bomb bay flooded with gas and hydraulic fluid. Regaining control of his crippled plane, 1st Lt. Pucket turned its direction over to the copilot. He calmed the crew, administered first aid, and surveyed the damage. Finding the bomb bay doors jammed, he used the hand crank to open them to allow the gas to escape. He jettisoned all guns and equipment but the plane continued to lose altitude rapidly. Realizing that it would be impossible to reach friendly territory he ordered the crew to abandon ship. Three of the crew, uncontrollable from fright or shock, would not leave. 1st Lt. Pucket urged the others to jump. Ignoring their entreaties to follow, he refused to abandon the 3 hysterical men and was last seen fighting to regain control of the plane. A few moments later the flaming bomber crashed on a mountainside. 1st Lt. Pucket, unhesitatingly and with supreme sacrifice, gave his life in his courageous attempt to save the lives of 3 others.
1946-Birthday of Bon Scott, singer for AC/DC is born. I saw him in Campbell, California, when there was a rock'n'roll club early on and at one time had a signed poster by all members of the band.
http://en.wikipedia.org/wiki/Bon_Scott
http://mpra.ub.uni-muenchen.de/3196/01/MPRA_paper_3196.pdf
1948- Satchel Paige, 42, debuts in majors pitching two scoreless innings for Cleveland. Paige was the greatest attraction in Negro Leagues baseball and one of black baseball’s greatest players. He was also, at age 42, the first Black pitcher in the American League. Inducted into the Hall of Fame in 1971. Died at Kansas City, MO, June 8, 1982.
1947-the first army officer who was a woman was Florence Aby Blanchfield, appointed lieutenant colonel in the Army, with a ceremony held at the Pentagon, Washington,, with General Dwight David Eisenhower, Chief of Staff, presenting her with her commission. On June 1, 1943, she had been appointed superintendent of army nurses.
http://www.military.com/Content/MoreContent?file=ML_blanchfield_bkp
1949 - NBC radio broadcast "Dangerous Assignment" for the first time. The show starred Brian Donlevy as Steve Mitchell.
http://www.rusc.com/old-time-radio-series/old-time-radio-Dangerous%20Assignment.html
http://www.radiomemories.com/radiomemories/dangerousassignment.html
1950---Top Hits
Bewitched - The Bill Snyder Orchestra
My Foolish Heart - The Gordon Jenkins Orchestra (vocal: Eileen Wilson)
I Wanna Be Loved - The Andrews Sisters
Why Don’t You Love Me - Hank Williams
1951 -- American "hard-boiled" novelist Dashiell Hammett sentenced, choosing six months' imprisonment rather than co-operate with the US House of Representatives Committee on Un-American Activities' inquiries into domestic "subversion", refusing to kow-tow to the anti-communist witch hunters. My son Dashiell is named after him, my favorite detective writer. Hammett was President of the League of American Writers in 1942, & of the Civil Rights Congress of New York, 1946-47.
http://mysterynet.com/hammett/
http://www.pbs.org/wnet/americanmasters/database/hammett_d.html
http://www.thrillingdetective.com/hammet.html
1952 - No. 1 Billboard Pop Hit: ``Auf Wiederseh'n Sweetheart,'' Vera Lynn.
1954 - Debbie Sledge of Sister Sledge is born. Sisters Debbie, Joan, Kim and Kathie Sledge of North Philadelphia begin recording as Sister Sledge in 1971. The group's biggest hit is the million-selling No. 2 song ``We Are Family'' in 1979.
1955-Pat Boone released his version of "Ain't That a Shame" which became his first #1 hit.
Originally a Fats Domino hit.
1955---A landmark in music history is established on July 9th, when Bill Haley's "Rock Around The Clock" reaches number one on the Billboard chart. Many music historians will eventually acknowledge the song as a dividing line, separating Rock and Roll from everything that preceded it.
1955-Les Paul and Mary Ford enter the Billboard charts with "Hummingbird", which will reach #7 and become the first of their five Pop chart entries.
1956- Dick Clark made his debut as host of "Bandstand" on Philadelphia TV station WFIL. He took over from Bob Horn, who had been charged with driving while intoxicated during a highly publicized police crackdown. "Bandstand" featured top pop and rock stars lip-synching their latest hits and a group of local teens dancing in the studio to recorded music. The ABC network expressed interest, and in 1957 the program was re-titled "American Bandstand" and shown across the US and Canada. At the height of its popularity, the daily show was reported to have generated one million fan letters a week. Through their exposure on "American Bandstand," such non-singers as Fabian and Frankie Avalon became teen idols. Clark relinquished his "Bandstand" hosting duties in 1989 to 26 year-old David Hirsch. The program died within a matter of months. Still, it had been on the air for 37 years - a record for a television variety show. Clark today hosts a daily talk show, plus many other specials.
http://www.history-of-rock.com/clark.htm
http://www.fiftiesweb.com/bandstnd.htm
http://www.dickclarkproductions.com/html/restaurants.html
1956-Actor Tom Hanks born Concord, California. After his parents divorced when he was a toddler, Hanks lived with his father, a cook. He began studying acting in high school, played with a Shakespeare festival for three years, and launched his television career in 1980 with Bosom Buddies, an offbeat sitcom about two men forced to disguise themselves as women. He made a splash with Splash in 1984, followed by a huge success with Big in 1988, for which he received an Oscar nomination. After several quiet years, his career took off again with Sleepless in Seattle (1993); he is now considered one of the biggest box office draws alive. He won the Best Actor Oscar twice, for Philadelphia in 1993 and Forrest Gump in 1994. He was also nominated for his role in Saving Private Ryan in 1998. He began directing in 1996 with That Thing You Do and co- produced Cast Away (2000), for which he received another Best Actor Oscar nomination.
1957-Bobby Helms "My Special Angel" is released.
1958---Top Hits
Hard Headed Woman - Elvis Presley
Splish Splash - Bobby Darin
Poor Little Fool - Ricky Nelson
Guess Things Happen that Way - Johnny Cash
1958-Johnny Cash, following in the footsteps of ex-Sun Records artist Carl Perkins, signs with Columbia Records.
1958-- On Capitol Hill, Casey Stengel and Mickey Mantle appear in front of the Senate Anti-Trust and Monopoly Subcommittee which is investigating the baseball monopoly power in regards to sport's antitrust exemption. After 'The Old Perfessor' gives 45 minutes of rambling and confusing testimony, Senator Estes Kefauver laughs when Mickey Mantle's answers his inquiry about the topic with, "My views are just about the same as Casey's."
1959- The Drifters "Dance with Me" is released.
1962--- Bob Dylan records Blowin in the Wind.
1962 - No. 1 Billboard Pop Hit: ``Roses Are Red (My Love),'' Bobby Vinton.
1964-"House of the Rising Sun" by the Animals hits #1 on the U.K. singles chart.
1965- Patricia Roberts Harris was sworn in as the ambassador to Luxembourg, the first African-American Ambassador. She was appointed by President Lyndon B. Johnson, who later that month announced US Troops would be increased from 75,000 to 125,000 in South Vietnam and the draft would be doubled from 17,000 to 35,000 a month.
http://www.usps.com/images/stamps/2000/harris.htm
1966 -- United Farm Workers benefit at the Fillmore with Quicksilver Messenger Service & the San Andreas Fault Finders.
http://www.penncen.com/quicksilver/
1966---Top Hits
Paperback Writer - The Beatles
Red Rubber Ball - The Cyrkle
Hanky Panky - Tommy James & The Shondells
Think of Me - Buck Owens
1966-Jack Nicklaus shot 282 at Muirfield in Scotland to win his first British Open Championship. With this victory, Nicklaus joined Gene Sarazen, Ben Hogan and Gary Player as the only golfers to have won all four events comprising golf’s modern Grand Slam: the Masters, the US Open, The British Open and the PGA Championship. Nicklaus won two other British Opens, in 1970 and 1978.
http://www.nicklaus.com/
1968- The Beatles "Ob-La-Di, Ob-La-Da" is released.
1969- A funeral was held in Cheltenham Spa, England, for Rolling Stones guitarist Brian Jones, who had been found dead in the swimming pool of his home six days earlier. The coroner's report cited "death by misadventure."
http://home.earthlink.net/~hobhead/
1969-Courtney Love is born.
1974---Top Hits
Rock the Boat - The Hues Corporation
Rock Your Baby - George McCrae
Hollywood Swinging - Kool & The Gang
He Thinks I Still Care - Anne Murray
1977-KISS' "Love Gun" LP enters the chart.
1977-Bob Marley and the Wailers' "Exodus" LP enters the chart.
1978-Steve Miller's "Jet Airliner" peaks at #8 on the pop chart.
1978- After crashing legendary bluesman Willie Dixon's house in Chicago, Dixon takes the Rolling Stones to the local Quiet Night Club to join Muddy Waters and his band onstage and jam with them on several of their favorite Muddy songs, including "Mannish Boy."
1982---Top Hits
Don’t You Want Me - The Human League
Rosanna - Toto
Hurts So Good - John Cougar
Any Day Now - Ronnie Milsap
1983-The Police's "Every Breath You Take" peaks at #1 on the pop chart -- a position it will hold for 9 weeks.
1983-Stevie Nicks' album "The Wild Heart" enters the chart. It features the smash hit, "Stand Back."
1983-Elton John's hit "I'm Still Standing" hits #12 on the singles chart.
1984 - The Hoosier Dome in Indianapolis, IN was packed to the rafters. 67,596 spectators, the largest crowd to watch a basketball game in the United States, saw the U.S. men’s Olympic team defeat a team of players from the NBA, 97-82. The largest crowd in the world to see a basketball game was in 1951. 75,000 spectators saw the Harlem Globetrotters play in Olympic Stadium in West Berlin, Germany.
1985 - Football great Joe Namath signed a five-year pact with ABC-TV to provide commentary for "Monday Night Football". The former New York Jets quarterback reportedly earned one million dollars a year for the job. Namath replaced ‘Dandy’ Don Meredith. Broadway Joe had previous experience with "Monday Night Football" as a player, when he and the Jets were the first team to play on the popular TV series on September 21, 1970.
1987 - Thunderstorms produced severe weather in Michigan. A tornado near Munising, MI, destroyed part of a commercial dog kennel, and one of the missing dogs was later found unharmed in a tree top half a mile away.
1988 - Twenty-three cities in the eastern U.S. reported record high temperatures for the date. Alpena, MI, and Buffalo, NY, suffered through their sixth straight day of record heat. The percentage of total area in the country in the grips of severe to extreme drought reached 43 percent, the fourth highest total of record. The record of 61 percent occurred during the summer of 1934.
1988- At Candlestick Park, Chris Speier hits for the cycle as the Giants maul the Cardinals, 21-2. The 21 runs scored establishes a San Francisco record.
1988-Elton John's "Reg Strikes Back" LP enters the chart. It will stay for 19 weeks and features the hit, "I Don't Wanna Go On With You Like That."
1988-Steve Winwood's "Roll With It" LP enters the chart. It will stay on the chart for 31 weeks eventually hitting #1. The LP features the #1 hit, "Roll With It."
1989-- 1st time Wimbledon has both men & women's final on same day, Boris Becker beats Stefan Edberg & Steffi Graf beats Martina Navratilova
1990---Top Hits
Step By Step - New Kids on the Block
She ain’t Worth It - Glenn Medeiros featuring Bobby Brown
Hold On - En Vogue
1991- Prodigy began testing a service allowing customers to pay bills electronically. The service, which cost about $9.95 a month on top of Prodigy's monthly online service fee, allowed members to pay up to 20 bills electronically. About a quarter of a million subscribers participated in the test.
1994- John Mellencamp's "Dance Naked" LP enters the chart. The album features the hit "Wild Night", a duet with MeShell NdegeOcello.
1994-The Kiss tribute album, "Kiss My Ass, Classic Kiss Regrooved" enters the chart. The LP features Kiss songs done by artists such as Lenny Kravitz, Stevie Wonder and Garth Brooks.
1995-The Grateful Dead played what proved to be their last concert at Soldier Field in Chicago. The show began with their only Top-10 hit, "Touch of Grey," and ended with an encore of "Black Muddy River" and "Box of Rain." One month later he entered a drug rehabilitation program in Forest Knoll, known as Forest Farm. Jerry Garcia died of an overdose while recovering from drug addiction at Forest Farm in Marin CountyThe band broke up after leader Jerry Garcia died of a heart attack exactly one month later. Garcia died early Wednesday, August 9, in his sleep at the drug rehabilitation clinic in Forest Knolls, Marin County, where he had gone to kick a heroin habit. He had snuck out after curfew and made a connection. The Marin County coroner said preliminary tests indicated Garcia - overweight and diabetic - had died of a heart attack.
http://www.dead.net/
1995- The Rolling Stones played their first concert in their homeland in five years, opening the British leg of their "Voodoo Lounge" tour in Sheffield, England. During the tour, the Stones played before more than 6.5 million people in 135 venues around the world. Ticket sales topped $300-million Canadian, with more than $430-million in merchandise sales. They are still on a roll; every concert I have seen them, they get better and better. Several recent ones I have sat in the second or third up-front row.
http://www.rollingstones.com/
1997-Apple Computer chairman and CEO Gilbert Amelio was ousted from Apple on July 9, 1997. His unexpected departure came less than a year and a half after he was named chairman in February 1996. Amelio became the third Apple chief forced out in four years, including John Sculley in 1993 and Michael Spindler in 1996. Amelio had a very fancy wine cellar entrance and trappings. He liked it there better than
anywhere else.
1998-- Brewer owner Bud Selig, who served as acting commissioner for nearly the last six years, is named by the owners to be baseball's ninth commissioner. To avoid conflicts of interest, his ownership of the Milwaukee's franchise will be placed in trust.
2002 --Despite chants of 'Let them play!' from the sellout crowd of 41,871 at Milwaukee's Miller Park, Baseball Commissioner Bud Selig declares the 73rd All-Star Game a 7-7 tie after 11 innings. No player is selected to receive the first Ted Williams Most Valuable Player award, named in honor of the late Red Sox legend who died five days ago.
2005 -- Daredevil skateboarder Danny Way jumps the Great Wall of China; rolling down a massive ramp at nearly 50 mph, Way botched the landing on his first attempt but then successfully completed the jump across the 61-foot gap four times, adding 360 degree spins on his last three tries.
http://dannyway.com/
[headlines]
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Baseball Poem
Hot Stove
by Two Finger Carney
Before television
People talked
And when the snows came
People talked near the hot stove
Smell the bread baking
And wonder if the Babe
Really did call that homer
Pull off your wet boots
Prop up your feet so your soles
Are toasting
And wonder how Cobb would do
Against Carl Hubbell
Or how your favorite team
Of the past
Might fare next spring
If they could be resurrected
Or coaxed out of that Iowa cornfield
Sip some hot cocoa with marshmallows
Invite the kids to join in
Was it better when the gloves were small
Or is that just nostalgia?
For your own youth?
Could Canseco have started
For the '27 Yankees
And should games in which
The first hit is yielded in the 10th
Count as a no-hitter?
Steer clear of religion and politics
And players' salaries
And the afternoon can go on
Until sundown
Was the best-pitched game
The double no-no by Vaughn and Toney
Or Walsh's 1-0 loss to Joss' perfecto / Or the iron man duel between Burdette and Haddix?
And how come no one hits .400 any more?
The stoves are in junk yards or museums now, forever cool
But the questions live on
Talking baseball
Beats most things on TV
That is
When there's no game to watch
[headlines]
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SuDoku
The object is to insert the numbers in the boxes to satisfy only one condition: each row, column and 3x3 box must contain the digits 1 through 9 exactly once. What could be simpler?
http://leasingnews.org/Soduku/soduko-main.htm
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Daily Puzzle
How to play:
http://www.setgame.com/set/puzzle_frame.htm
Refresh for current date:
http://www.setgame.com/set/puzzle_frame.htm
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http://www.gasbuddy.com/
http://www.gasbuddy.com/GB_Map_Gas_Prices.aspx
http://www.gasbuddy.com/GB_Mobile_Instructions.aspx
[headlines]
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Weather
See USA map, click to specific area, no commercials
http://www.weather.gov/
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Traffic Live---
Real Time Traffic Information
You can save up to 20 different routes and check them out with one click,
or type in a new route to learn the traffic live
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