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Archives---June 13, 2006
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Archives---June 13, 2006
KINGWOOD, TEXAS , – Main Street Bank, Kingwood, Texas , announced the promotion of Bob Fisher, CLP, to Executive Vice President of the Equipment Leasing Division. Fisher will have responsibility for all the operational aspects of the lease finance division including credit, lease documentation, funding, syndications and the call center. Additionally, he will continue to manage the wholesale originations and the sales offices.
Ex-U.S. Marine Bob Fisher
Fisher, a nationally recognized leader in the equipment finance industry, has a 25-year background in credit, sales and management in the equipment financing industry. Beginning his career with the CIT Group/Sales Financing Inc, he has held various sales, credit and management positions throughout his career. Fisher has been active in numerous professional organizations, including UAEL, EAEL, ELA and NAELB, and served as UAEL President in 2002. Fisher was graduated from Trenton State College, Trenton , New Jersey .
Tom Depping, Chairman of Main Street Bank stated: “We are very pleased to have Bob on our team as Main Street continues to develop a strong and dynamic, customer oriented equipment leasing group.”
Fisher said: “It is a pleasure to be part of Main Street Bank and its dynamic leasing team. I look forward to continuing working in my newly expanded role to bring innovative financial solutions to our customers.”
Main Street Bank maintains retail-banking offices in the Houston , Texas market and is a national leader in commercial equipment lease financing.
Fisher can be contacted at firstname.lastname@example.org
(Mr. Fisher began his career with The CIT Group/Sales Financing Inc. holding various sales, credit and management positions throughout his 20 plus year tenure. He was with New Era in Illinois , who became Datronics, and when they went out of business due to some improprieties of their president, started Fisher-Anderson in Des Moines , Iowa .
(When Marcap ended funding and then took of the portfolio, he started Firerock Financial, then moved to Houston , Texas , and joined the management team of Douglas-Guardian. He missed the excitement of “putting deals together,” which his good friend Bruce Lurie understood, and joined Main Street to help put the small business bank on the map. Fisher is considered by his peers to be one of the best credit decision makers in the equipment leasing industry. Editor)
Senior Vice President of Business Development
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#### Press Release #############################
On Deck Crosses $500 Million Lending Mark
NEW YORK, -- On Deck (www.ondeckcapital.com), the technology-powered Main Street lender, announced today a number of product expansions to better serve the growing needs of small businesses nationwide. These enhancements will increase the amount of growth capital and speed of funding to a market that’s historically been underserved by banks. On Deck also announced that it has crossed the $500 million mark of capital deployed to these businesses, a 25% increase in just three months.
The enhancements include: increased loan size to $250,000 up from $150,000; Fund by Wire transfers for instant funding issued four times daily at 11am, 1pm, 3pm and 4:30pm; and 6 days a week Sales and Operations support with Saturday service from 8am – 8pm EST. Collectively, these new features will better meet the needs of small business owners pursuing short term growth initiatives such as inventory purchasing, marketing and facility expansion.
“We actively listen to our customers, and they have told us that they want speed, convenience and quality service. We’re confident these new features will give them more capital, faster, and with our hallmark customer experience,” said Noah Breslow, chief executive officer, On Deck. “Our ultimate objective is to reinvent the entire lending system to provide Main Street the capital they need and a process that is more empowering than other lending offerings, such as banks and cash advance products.”
On Deck’s platform leverages big data to better evaluate the credit worthiness of businesses, and through its technology has transformed small business lending, essentially making the process exponentially faster, easier, and more transparent for the business owner. The typical On Deck customer is a "Main Street" business (retailer, restaurant, salon, dentist, florist, etc.) that has been in business more than one year and has revenue between $100,000 and $5,000,000. On Deck has dispersed capital to tens of thousands of businesses across 700 different industry verticals.
This year alone, On Deck has achieved several major accomplishments; including being named to Forbes’ 100 List of America’s Most Promising Companies; moving to new headquarters to accommodate rapid growth; opened a new Western regional office in Denver; expanded bank partnerships; new executive hires; and a completed Series D financing totaling $59M, led by Institutional Venture Partners (IVP) and Google Ventures.
About On Deck
On Deck has deployed over $500 million in capital to tens of thousands of businesses in 700 different industries. The company is growing at greater than 100% annually, and was recently named to Forbes' 100 Most Promising Companies in America list and the Inc. 500. On Deck is financed by some of the nation's leading venture capital firms, including Google Ventures, SAP Ventures, RRE Ventures, and Institutional Venture Partners.
For more information, please visit: www.ondeckcapital.com. For more information, follow On Deck capital on Twitter @OnDeckCapital
##### Press Release ############################
Capital One Equipment Finance Terminates Specialty Vehicle
Letter from Paul Dell’Aquilo, Senior Vice President Capital One, N.A.:
"After a great deal of thought and consideration, Capital One Equipment Finance Corp. (formerly known as All Points Capital Corp. and / or dba Capital One Equipment Leasing & Finance) (“Capital One”) has made the decision to terminate its Specialty Vehicle Finance business. As a valued client, I am writing to make you aware of this decision and its impacts to you.
"In light of this development, this letter serves as formal written notice that, aside from any additional advances under the Loan Agreement that were agreed to in writing prior to the date of this letter, Capital One cease making Advances or accepting additional applications." (1)
The letter ends:
"Capital One greatly appreciates your business, and it is with regret that we end this relationship with you. We wish you the best and it is our hope that we may serve your banking needs in another area in the future." (1)
(1) Capital One Goodbye Letter
Leasing Industry Help Wanted
More on Capital One Raid of SunTrust
In Monday's Leasing News edition the American Banker article "Capital One Raids SunTrust to Beef Up Leasing Unit" was in News Briefs. It basically stated Capital One Financial had hired 21 "professionals", doubling the size of its unit, and announced "...the expected hiring of 13 more equipment financing specialists, 11 of whom came from rival SunTrust Banks .(1)
Tuesday the announcement was made. The American Banker magazine quoted Dan McKew, Senior Vice President, Capital One Bank, who was leading the crew.
"If we hire experts in these fields who know more about this business both from a servicing the customer perspective and a protecting the bank standpoint, we'll be able to lessen our losses and give better service," McKew said. "And when you have fewer losses you can offer better pricing and service because you know you won't have to support those losses with prices you pay."
"These are people who know how I like to have thing run and who are excited to come in and make this happen."
June 18, 2012: Dan McKew, former President of SunTrust Leasing, will take over Walter Rabin’s old job as President of Capital One Commercial Lending. Rabin left after 13 years, the last as senior vice-president, to head Signature Financial, a division of Signature Bank, New York. According to the press release announcement he "...will join Signature Financial as President in June 2012, after a 90-day waiting period.
McKew was previously president of CFG Community Bank, Baltimore Maryland (November, 2011--Present), president, 1st Mariner Bank (October, 2010-November, 2011), Principal, management consulting (May, 2010-September, 2010), president/ceo, SunTrust Equipment Finance and Leasing Corporation (July, 1997-March, 2010), chairman of the board, Inured Workers Insurance Fund (November, 1997-May, 2008), president, Signet Leasing Corporation (March, 1991-May, 1997), vice-president, PHH (March, 1983-February, 1991),Loyola College in Maryland MBA, Finance (1981 – 1983) Loyola College in Maryland BA, Accounting (1975 – 1979)
Capital One Bank’s equipment finance solutions include term loans, finance leases, tax leases, and terminal rental adjustment clause (TRAC) leases with a focus on transactions that range from $500,000 to $50,000,000.
It appears there have been several new leasing companies in this market place, and the Tuesday announcement of the 13 new hires show several joined in April and May, one in March of this year, according to both LinkedIn as well as Leasing News “New Hires”. (2)
New to the trend in the growth of the middle-marketplace is all the new hires will be based at the headquarters in Towson, Maryland:
Lorraine Carpenter, Assistant Vice President – Lorraine brings more than 37 years of banking experience. She was vice-president at SunTrust Equipment Finance and Leasing, joining the firm in 2001 She will be responsible for documenting direct commercial transactions.
Rich Cumbers, Vice President – He previously was vice president at SunTrust Equipment Financing and Leasing, joining the company in 2003. " (He)..has 30 years of experience in the commercial banking industry... will be responsible for the underwriting of equipment finance requests for commercial customers.
Rick Dusek, Vice President – He previously was equipment manager at SunTrust Equipment Finance & Leasing, joining the firm in 1999. Previously he was equipment manager at GE Capital Markets (1990-1999).Boston University, Economics (1979 – 1983). Accredited Senior Certified Appraiser with ASA.
Melissa Espey, Associate (She will be the Equipment Finance team as a Booking and Funding Associate.) She was AVP Operations at SunTrust Equipment Finance & Leasing, joining the firm in July, 2008. (She has over)... 15 years of experience in banking and leasing. www.linkedin.com/pub/melissa-espey/5a/932/416
Greg Faherty, Vice President – "(He)... has more than seven years of experience working in the equipment finance industry. He joins Capital One Bank from SunTrust Equipment Finance & Leasing Corp. Greg is responsible for handling air-, rail- and vessel-related financings."
Mary Geiger, Assistant Vice President –"...will be responsible for funding and booking transactions." She previously was VP, accounting operations manager, SunTrust Equipment Finance & Leasing, joining the firm in February, 2004. CPA. Loyola College in Maryland, MBA, Concentration Finance, Towson University BS Business Administration, Concentration Accounting.
Annette Grzymala, Assistant Vice President –"...responsible for the documentation and closing of funded transactions." Previously she was vice president, credit analyst, United Capital business Lending (April, 2011-Present), credit manager, Correspondent business Credit, LLC (February, 2009-May, 2001), risk analyst, GE Commercial Finance (October, 2004-Fe3bruary, 2009), operations manager, GE Commercial Finance (June, 1995-October, 2004), senior transaction coordinator, GE Capital (1995-1998). University of Phoenix MBA, Global Management (2009 – 2012), University of Phoenix, B.S, Accounting (2005 – 2009).
Andrew Henry, Assistant Vice President – "...will be responsible for Pre-Fund Audit. He joined Sun Trust Bank in 2003 as manager of collateral support team within the Leasing LOB, was promoted to financial analyst, April, 2005, then became leasing controller, January, 2013-Present. Prior he was a staff accountant, Spherion Professional Services (June, 2001-April, 2003).Towson University, Master of Arts (M.A.), Business Management and Leadership Development,(Towson University Master of Arts (M.A.), Business Management and Leadership Development, (2009 – 2011). Original individual graduate research focused on the Global Financial Crisis of 2008, its' effects, causes and measures adopted by the leasing industry in general and specifically SunTrust to ensure survival. Morgan State University, Bachelor of Applied Science (B.A.Sc.), Accounting (1999 – 2003), Northern Caribbean University, Associate of Science (A.S.), Business Administration and Management, General (1993 – 1995)
Chad Kolb, Vice President – "...will be working as a commercial underwriter. "(He)...joins the Equipment Finance team with eight years in the equipment leasing industry. He previously worked at SunTrust Equipment Finance and Leasing.
Eric Moore, Senior Vice President –"... responsible for supporting Capital One Equipment Finance in the evaluation of new credits and portfolio management. He previously was senior vice-president, regional commercial credit officer at SunTrust Equipment Finance & Leasing. He joined the firm in April, 2010 as managing direct, senor credit officer, and was promoted in SVP April, 2013. Previously he was vp & Director, Chief Credit Officer, The CIT Group, Inc. (July, 2004-april, 2010), vp Investment Risk Management, GATX Technology (November, 2000-June, 2004), vp credit, Wachovia Leasing (September, 1999-October, 2000), assistant vice president, The CIT Group Equipment Finance (May,19095- September, 1999), Georgia Southern University - College of Business Administration, Bachelor of Business Administration, Finance, (1985 – 1990).www.linkedin.com/pub/eric-moore/5/593/58a
Candice (Miranda) Sjolander, Assistant Vice President – "...will be responsible for the documentation of direct and indirect commercial equipment leases and loans." Previously she was vice-president SunTrust Equipment & Leasing Corp (2000-March, 2013), transaction coordinator, General Electric Capital Solution (March, 2005-September, 2005). www.linkedin.com/pub/candice-sjolander/21/472/256
Maddy Small, Administrative Assistant – "...support (to) the Senior Vice Presidents of the Capital One Equipment Finance Corp. Previously with SunTrust Equipment Finance & Leasing, she "...has more than 13 years of experience supporting executives."
Joan Templeton, Assistant Vice President – "... will be responsible for managing customer payoffs, renewals and remarketing of off-lease equipment. Previously she was assistant vice president at SunTrust Equipment Finance & Leasing Corp (April, 2001-Present). www.linkedin.com/pub/joan-templeton/32/54a/900
see New Hires: http://leasingnews.org/archives/May2013/5_17.htm#hires
Lee A. Anderson has been promoted to senior vice president, credit, for Nations Equipment Finance, Norwalk, Connecticut. He joined the company in June, 1996.
Raymond Buckley was named director, equipment finance originations for the western region, NXT Capital, Chicago, Illinois ; working out of Walnut Creek, California. Previously he was senior vice president, GE Capital (June 2006-April, 2013), northwest branch manager & svp, Balboa Capital (May, 1995 -May, 2006). Babson College, Bachelor of Science, Entrepreneurial Studies/Marketing (1990 – 1994) Activities and Societies: Tau Kappa Epsilon Foothill High School - Pleasanton, CA (1986-1990). Member: Commercial Finance Association's Northern California Chapter
Douglas Peck was hired by Nations Equipment Finance, Norwalk, Connecticut, as senior vice president of direct originations; working out of Nations' Dallas, Texas sales office. Previously he was president, TS Lighting (June, 2012-May, 2012), chief operating officer, TS Sports (September, 2009-May, 2013), manager, Douglas T. Peck & Assoc., LLC (February, 2009-Setpember, 2009) vp/marine specialist, CIT Group (February,2008-October, 2008), vp/senior account executive, Merrill Lynch Capital (May, 2002-January, 2008), vp/senior account executive, Heller Financial Services (May, 2000-May, 2002), vp, Dana Commercial Credit Corporation (1989-1995). Rice University BA, History & Political Science. www.linkedin.com/in/douglaspeck
Jeff Rathjen has been promoted to vice-president, sales manager healthcare segment at TCF Equipment Finance, Minnetonka, Minnesota. He joined the firm in September, 2005. Previously he was director of golf, VGM Financial Services (September, 2002-September, 2005) vp operations, Western Finance & Lease (May, 1997-September, 2002), regional sales manager, Amerus Leasing (1994-1996). University of Iowa, Bachelor of Science, Liberal Arts/Business
Anthony Sedotto appointed to the EverBank Commercial Finance Office Product group as Relationship Manager, Parsippany, New Jersey, to serve the company's New England region. “ 'Anthony’s extensive expertise in the office products sector, coupled with his established relationships across New England, will be an asset in the continued growth of our Office Products team,' said Jeff Stellinga, EverBank’s Eastern Sales Manager. 'Anthony’s appointment also helps ensure that we are able to continue providing our clients with new and innovative products, supported by the best possible customer service.’ Previously, Sedotto spent 12 years at GE Capital serving in a number of roles with increasing responsibilities and oversight, including a business development representative, north east sales manager, major account representative and regional sales manager. Prior to working at GE Capital, Sedotto was a business development manager for First Sierra Financial where he secured new vendors and increased sales on existing accounts by five percent. Sedotto also served in the U.S. Army 18th Airborne where he was responsible for marketing and supply inventory."
Keith Sherin appointed chairman and chief executive of GE Capital
Joseph Upson was named senior vice president of direct originations by Nations Equipment Finance, Norwalk, Connecticut; working out of Nation's Atlanta, Georgia sales office. Previously he was managing director, Commenda Capital (July,2011-Mya, 2013). founder & BDO, Companionway Capital (March, 2011-May, 2013), managing member, DeNova Capital (November, 2008-March, 2011), v.p. business development, Textron Financial (October, 2008-October, 2008), managing member, DeNova Capital (January, 2002-October, 2008), senior account executive, GMAC Financial (January, 2000-January, 2002) vice president, Transamerica (1998-2000), V.P. Business Development, SunTrust Leasing (November, 1996-January, 19998), leasing officer, Bank of Boston (1989-1996). The University of Georgia, BBA, Finance. Activities and Societies: Member Sigma Nu Fraternity.
Vendor Hidden Issues
You've just delivered a killer proposal to a prospective vendor you desperately want to count as a new customer for you and your company. Your company has offered the vendor special pricing and relaxed credit parameters designed to increase the percentage of his customers who qualify for financing. Your proposal, as far as you know, addresses all of the vendor's needs, and it makes perfect sense.
After you present your proposal, the vendor thanks you for your time and the work you did to develop your proposal and deliver an excellent presentation. He then tells you that his company has decided to remain a customer of their present financing source. Shocked, you thank the vendor for his time, and you make your exit, asking yourself what happened?
First, you should probably revisit your proposal and assure yourself that the deal you offered was indeed as good as you thought. If you are then still convinced that a prudent man in the same situation as the vendor wouldn't think twice about accepting your proposal, you may be the victim of a "Hidden Issue."
Hidden Issues are negative feelings or perceptions about you, your company, your industry, and maybe salespeople in general. It also could be something wholly unrelated to business. The buyer may carry some resentment toward your company for the way he was treated in the past by a former salesperson. Perhaps during a previous time of need your company refused to consider the type of deal you are now proposing, and the vendor is in no mood to forget the past.
A buyer who harbors resentment toward you or your company for past missteps can be tough to deal with. Worse is the buyer whose dislike of you or your company is irrational. During your presentation, for example, you may have reminded the buyer of the uncle that used to embarrass him when he was a child. As the buyer watched you present, and listened to you speak, his identification of you with his uncle made it emotionally impossible for him to want to associate with you! Irrational? Yes. And it happens to salespeople more often than you might guess.
It could also be some question you didn't think much about and glossed over, but was very important to your vendor. It becomes hidden in your presentation as you are really not talking to your prospective account, but enjoying your excellent presentation so much you are really only listening to yourself.
About the author: Steve Chriest is the founder of Selling UpTM (www.selling-up.com), a sales consulting firm specializing in sales 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 Five Minute Financial Analyst, Basic CREDIT & Analysis Tools for Non-Accountants. He was the CEO of a very successful leasing company and executive at a major company. You can reach Steve at email@example.com.
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Short Sighted Equipment Lessors Which Repossess
Series of Bankruptcy Cases Have Familiar Pattern, Where Borrower Defaults, Creditor Repossess and Borrower Files Bankruptcy Before Foreclosure Sale is Completed. Creditors Refuse to Return Vehicles And Are Assessed Damages
In re McBride 473 B.R. 813 (S.D. Ala. 2012) [Lease}.
I don’t know what it is about equipment lessors and finance companies—once they repossess equipment, they don’t want to give it back, even after the debtor files bankruptcy.
Today’s case, actually three cases, involves the same basic set of facts. In each case, the creditor finances a vehicle, the debtor defaults, the creditor repossesses, and then, before there is a foreclosure sale, the debtor files bankruptcy. And just in case the reader doesn’t know this fairly obvious point of law, up until the point the creditor conducts its foreclosure sale, the equipment, even though repossessed, remains the property of the debtor, and upon the bankruptcy filing, the creditor must return the vehicle to the debtor.
The point of law seems obvious to me, but apparently not so obvious to these three creditors, which, within a time span of few months, each decided that it didn’t have to return the repossessed equipment, and decided to play tough with a Federal Bankruptcy Judge.
Each creditor was required to return the equipment, each creditor was tagged with compensatory damages and attorney fees, and two of the three creditors were swatted with punitive damages. Interestingly, it was the equipment lessor which escaped punitive damages, disingenuously arguing that the lease, with a nominal purchase option was a true lease.
For those readers unfamiliar with this area of the law, the United States Supreme Court has ruled that the debtor’s “property of the estate” includes property taken by a creditor in a repossession, but not yet foreclosed. United States v. Whitting Pools, 462 U.S. 198 (1983). Most circuits have adopted this ruling, and have required repossessing creditors to return the repossessed equipment. I’m not sure how these creditors missed a clear decision by the United States Supreme Court and why the creditors chose to fight this rule of law, but fight they did, and most got severely bloodied by the encounter.
The lessons for the equipment lessor here are two fold.
First, assuming the reader has been living in a cave for 30 years—I point out this rule of law—the repossessing creditor must, if requested by the debtor, return equipment which has been repossessed, but not yet foreclosed. I don’t get it why the secured creditors decided to fight this issue.
Second, assuming the reader wishes to remain uninformed, when a bankruptcy debtor makes a demand to do something, consult a good lawyer. It would seem to me that a quick consultation and $500 in attorney fees might have saved thousands of dollars for the repossessing creditors here.
Tom McCurnin is a partner at Barton, Klugman & Oetting in Los Angeles, California.
Credit Union Case
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Mortgage Rates Radar: Upward Trend for Rates Continues
(Foster City, Calif.) – Rates on the most popular types of mortgages continued their upward march according to HSH.com's Weekly Mortgage Rates Radar. The average rate for conforming 30-year fixed-rate mortgages rose by nine basis points (0.09 percent) to 4.08 percent. Conforming 5/1 Hybrid ARM rates increased by six basis points, closing the Wednesday-to-Tuesday wraparound weekly survey at an average of 2.80 percent.
"The rise in mortgage rates continues unabated again this week," said Keith Gumbinger, vice president of HSH.com. "Although the size of the increase was smaller, it is still unwelcome as the housing market tries to gain momentum."
Despite increases over the past month and a half, mortgage rates remain very favorable. "With a $200,000 loan amount, the difference in monthly payment from recent fixed-rate lows to today's average amounts to about $66 more each month," notes Gumbinger. "That may be enough to quash a refinance, but shouldn't be a major setback for a home purchase transaction."
Borrowers wishing to see how the recent rate increase might affect their costs are encouraged to use HSH.com's mortgage payment calculator.
The Federal Reserve meeting next week is likely to impact future rates, says Gumbinger. "If the Fed signals that QE programs are coming to an end soon, mortgage rates may rise some more, but soothing words about a longer continuation of the programs or a very slow tapering process would provide some space for them to retreat a little."
Average mortgage rates and points for conforming residential mortgages for the week ending June 11, according to HSH.com:
Conforming 30-year fixed-rate mortgage
Conforming 5/1-year adjustable-rate mortgage
Average mortgage rates and points for conforming residential mortgages for the previous week ending June 4 were, according to HSH.com:
Conforming 30-year fixed-rate mortgage
Conforming 5/1-year adjustable-rate mortgage
The Weekly Mortgage Rates Radar reports the average rates and points offered on conforming 30-year fixed-rate mortgages and conforming 5/1 ARMs. The weekly mortgage rate survey covers a large sample of mortgage lenders and is conducted over a Wednesday-to-Tuesday cycle, with data released every Wednesday. HSH.com’s survey helps consumers find the best rates on home loans in changing market conditions. Unlike mortgage rate surveys that report average rates only, the Weekly Mortgage Rates Radar’s inclusion of both average rates and average points provides a more accurate view of mortgage terms currently offered by lenders.
Every week, HSH.com conducts a survey of mortgage rate data for a wide range of consumer mortgage products including ARMs, FHA-backed and jumbo mortgages, as well as home equity loans and lines of credit from hundreds of direct lenders in the U.S. For information on additional loan products, visit HSH.com.
HSH.com is a trusted source of mortgage data, trends, news and analysis. Since 1979, HSH’s market research and commentary has helped homeowners, buyers and sellers make smart financial choices and save money on mortgage and home equity products. HSH.com, of Riverdale, N.J., is owned and operated by QuinStreet, Inc. (NASDAQ: QNST), one of the largest Internet marketing and media companies in the world. QuinStreet is committed to providing consumers and businesses with the information they need to research, find and select the products, services and brands that best meet their needs. The company is a leader in ethical marketing practices. For more information, please visit QuinStreet.com.
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Stellus Capital Invests $25 Million
Colford Capital Holdings LLC (“Colford”), a holding company that owns and manages specialty finance businesses, announces that Stellus Capital Investment Corporation (“Stellus”) has provided Colford $25 million in the form of senior secured notes. Colford plans to deploy the funds into its operating subsidiaries tosupport their continued growth and to facilitate future lending platform acquisitions as part of Colford’s strategy to build a diversified, industry-leading specialty finance and asset management business.
A portion of the proceeds will be used to fuel the expansion of Colford’s existing lending platforms, North Mill Capital, a leading provider of asset-based loans and invoice based factoring, and North Mill Equipment Finance, a national provider of small and middle ticket equipment financing solutions.
David C. Lee, President and CEO of Colford, stated “We are excited to partner with Stellus, who shares our enthusiasm regarding the growth potential of the Colford platform and our operating subsidiaries. This capital will allow us to continue to execute on our strategic plan and leverage our existing lending platforms while continuing to pursue acquisitions of complimentary specialty finance platforms and lease and loan portfolios.”
About Stellus Capital Investment Corporation
Stellus is an externally-managed, closed-end, non-diversified management investment company that has elected to be regulated as a business development company under the Investment Company Act of 1940. The Company’s investment objective is to maximize the total return to its stockholders in the form of current income and capital
appreciation by investing primarily in private middle-market companies (typically those with $5.0 million to $50.0 million of EBITDA (earnings before interest, taxes, depreciation and amortization)) through first lien, second lien, unitranche and mezzanine debt financing, and corresponding equity investments. The Company’s investment activities are managed by its investment adviser, Stellus Capital Management. To learn more about Stellus Capital Investment Corporation, visit www.stelluscapital.com under the Stellus Capital Investment Corporation link.
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SABASTIAN - ID#A0967749
I am an unaltered male, brown and white Pointer mix.
Shelter Staff made the following comments about this animal:
“Back at the care center, Sebastian and I cool off in a large pen. He does a lot of sniffing around. He is a bit aloof but slowly, shows some interest in me, rubs himself onto me, comes to sit next to me and even grants me with a small kiss as I am petting him.
“Sebastian returned to his kennel where he remained calm for a few hours after our long walk. Although thin, Sebastian is a big dog who was probably used to be outside most of the time (my guess at least..). He prefers not to be in his kennel and gets very enthusiastic when on the leash outside.
“ Sebastian is having a hard time adjusting to the atmosphere, but I know from my initial time with him that he can be a very pleasant companion to be with.
“There is only one prescription to help Sebastian...Going home with a caring and loving forever new owner. Sebastian is at the Manhattan Care Center waiting for a lucky star to shine above him..."
For more information about this animal, call:
Adopt-a-Pet by Leasing Co. State/City
Adopt a Pet
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Big storm threat brewing from Iowa to Mid-Atlantic
RailroadAge: Equipment leasing: The best of times?
GE has begun training medical staff, commenced aircraft leasing in ...
Who Owns the Content of Your Phone Calls?
SparkPeople--Live Healthier and Longer
The Healthy Vacation Guide
- from: Songs Of The Out-o'-doors
If you've never sat in the blazing sun
But if the sound of the ball that's hit
Chuck-full of glamour,
In every city or country spot,
And if you're watching the players sweat,
Calling for muscle,
Oh, the silence tense and the hush of doubt
Oh, the jeers, the cheers, an the throbbing thrill,
Free of the grafter,
Published in: The Popular Magazine - April 7, 1912
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This Day in History
1774- Rhode Island becomes 1st colony to prohibit importation of slaves. The Rhode Island General Assembly in Newport, RI, passed this legislation, banning slave importation: “ No Negro or mulatto shall be brought in to this colony, and in case any slave shall be brought in , he or she shall be, and are hereby, rendered immediately free, so far as respects personal freedom, and the enjoyment of private property, in the same manner as the native Indians.”
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- Cobra Capital Back in Business