Structured Business Capital, Huntington Beach, California
Bulletin Board Complaint

This concerns a complaint from Double B Foods, Desoto, Texas for the return of a check for $5966.66. The proposal states that "The deposit would be refunded if Creditor is unable to perform." It turns out Douglas Patterson is a former real estate person, with an expired California Real Estate license, working out of a mail box store called Huntington Beach Mail Box Rental. (714-960-9603). The spokesman for the company would not confirm to Leasing News who rented the post office box or was renting it at the present time.

Structured Business Capital
419 Main St., Suite 477
Huntington Beach, California 92648

The signed agreement and check are made out to Structured Business Capital, although the generator of the transaction was working at another leasing company in Southern California, left because advance rentals were not being returned, and went to work for another leasing company and continued to try and help Double B Foods get their deposit back. This person states that Structured Business Capital is closed and he is trying to locate Douglas Patterson, who he believes was the owner of the company. He states that if he had the money, he will return it, although he does not believe he is responsible as he did not cash the check nor did he make the commitment. When his previous company "didn't care," especially as he says they were keeping advance rentals of leases that did not go through, he left.

Mr. Don Wall, CFO, Double B Foods, states he is in the process of contacting the Huntington Police Department as he believes it is fraud involved and the original intention was to pocket the money and the source had not direct capital abilities as originally explained to him.

Copy of Agreement and Check:
http://leasingnews.org/PDF/Structured_Business_Capital_Term_Sheet.pdf

 

Classified Ads---Sales

Boston, MA Senior leader in companies of varying size and scope, including start-ups. My current focus is sales, as a leader or as an individual contributor. thomasherlihy33@comcast.net

Cherry Hill, NJ College grad seeking entry level sales position for equipment leasing and financing in small to mid-size ticket markets. Have 6 months experience in the industry and self-motivated. Contact Matt at 609-280-2178 or email at mkuzan@gmail.com

California Aggressive, competitive self-starter with vendor/direct equipment leasing and asset-based lending experience. Success in business banking sales and financial planning. Email: dsp559@hotmail.com | Resume

Denver, CO A results driven, high performing sales executive with over twelve years of success in the Equipment Leasing industry. Contact: anderson_678@earthlink.net

Minneapolis, MN 16 years leasing experience from micro to large ticket market, variety of equipment. Most recently calling on vendor telecom dealers in Upper Midwest.  golfadm@yahoo.com

Montgomery, AL Individual with 10 years advertising sales exp. & 7 years insurance sales exp. Wants independent contractor situation in Alabama. Work with leasing company or broker. 334-590-5133 E-mail: billmcneal2003@yahoo.com

Orange County, CA 20+ years in leasing sales & sales management. Have estab. existing remote office with Lessee /Vender following. Looking for a partnership w/funding source. shermbp@gmail.com

Philadelphia Metro Area - 30 Years experience Healthcare sales/ management- 3 years experience newly create "small-ticket" healthcare division. Good success - Mitch Utz 215-460-4483 Email: mitutz@msn.com

Pittsburgh , PA Aggressive self starter looking for leasing position w/10 plus yrs sales exp., plus banking experience 814-227-4592 mwiser500@hotmail.com

Pittsburgh, PA Over 25 years of leasing experience including Captive, Dealer, Broker, and Third Party. Multiple equipment types. Seeking a Territory or National Sales position. vsiegel2@aol.com

San Francisco Bay Area: Business Development “Hunter” with transferable book of business in multiple segments: commercial construction, technology, fitness, etc. Years of managerial experience: can also be a “player/coach”. E-mail: VdrPgmBizDev@aol.com

Texas/Oklahoma 15 year lease vet looking for plact to take business.great references. all major equipment types. open to compensation. please contact if interested. E-mail: bankingdallas@yahoo.com

For a full listing of all “job wanted” ads, please go to:
http://www.leasingnews.org/Classified/Jwanted/Jwanted.htm

Other e-Mail Posting Sites:
http://www.leasingnews.org/Classified/Posting_sites.htm

Clarification: Marlin Not Taking on Additional Brokers

According to Bill Beard at Marlin Business Services, who was approaching several brokers by email to send in business, the company is not opening up its independent broker program at this time, and only has invited a limited number of brokers back:

“We are giving it a try to see how it goes, but we at this point we are not taking on any new brokers.”

Original story: Accepting Broker Businesshttp://leasingnews.org/archives/Mar2010/3_17.htm#marlin

Marlin Profit is from “Evergreen” clause
by Christopher Menkin

In the report of the first quarter of Marlin Business Services, Mount Laurel, New Jersey declaring a first quarter net profit labeled “Marlin turns it Around,” especially compared with the first quarter 2009 loss of $879,000, I began that the filing of the 8K report was not complete. The 10Q report filed on Friday is complete and shows where the profit actually comes from.

This is not to say that Marlin is not turning around its operation, as the profits have in the past come from here.

In the complaints to Leasing News, they generally concern copier leases going beyond their original term. The 2009 SEC 10K filing year-end, page 9, shows 27.02% of Marlin’s business is from copiers:

(1)

The complaints Leasing News receives are from users who complaint about the extra payments, even on $1.00 leases, due to Evergreen and Winter Green payments. Competitors and ex-employees has made similar remarks. One group was reportedly being sued by Marlin (readers know the group) until it was brought up that the taking of information was also done by present management at Advanta, according to a well informed source. Marlin won’t comment to Leasing News, referring everything to their SEC filings for public information.

Before quoting directly from the recent 10Q to demonstrate where the profit is coming from, for readers who do not have the knowledge, an Evergreen lease is legal in majority of states. It requires the lessee to inform the lessor 90 days in advance of the expiration by certified mail or the lease will continue for twelve months. A Winter Green does not signify the term involved and is determined by the notification to exercise the $1.00 purchase option, primarily. The complaints received by Leasing News are on $1.00 purchase option with extra payments being called for because a certified letter was not sent.

Originally these clauses were used when a lessee would not exercise a purchase option and therefore rental payments would be made until the issue is resolved. Today they are “extra profit.”

It is true that “write-offs” not only loss the interest to be earned, but residual value not realized, and in this page 34, First Quarter 10Q, it adds up to $1.2 million profit from renewals:

“RESIDUAL PERFORMANCE
Our leases offer our end user customers the option to own the purchased equipment at lease expiration. Based on the minimum lease payments receivable as of March 31, 2010, approximately 70% of our leases were one dollar purchase option leases, 27% were fair market value leases and 3% were fixed purchase option leases, the latter of which typically are 10% of the original equipment cost. As of March 31, 2010, there were $42.0 million of residual assets retained on our Consolidated Balance Sheet, of which $33.7 million, or 80.3%, were related to copiers. No other group of equipment represented more than 10% of equipment residuals as of March 31, 2010 and December 31, 2009, respectively. Improvements in technology and other market changes, particularly in copiers, could adversely impact our ability to realize the recorded residual values of this equipment.

“Fee income included approximately $1.3 million and $1.4 million of net residual income for the three-month periods ended March 31, 2010 and March 31, 2009, respectively. Net residual income includes income from lease renewals and gains and losses on the realization of residual values of leased equipment disposed at the end of term.

“Our leases generally include automatic renewal provisions and many leases continue beyond their initial contractual term. We consider renewal income a component of residual performance. Renewal income net of depreciation totaled approximately $1.9 million and $1.8 million for the three-month periods ended March 31, 2010 and March 31, 2009. For the three months ended March 31, 2010, net losses on residual values disposed at end of term totaled $596,000 compared to net losses of $333,000 for the three months ended March 31, 2009…” (2)

1. 10K Year-end 2009
   http://leasingnews.org/PDF/Marlin_10Q_year_end.pdf

2. 10Q First-Quarter, 2010
   http://leasingnews.org/PDF/Marlin_10Q.pdf
   

Previous Stories:
http://www.leasingnews.org/Conscious-Top%20Stories/Marlin_Leasing_2008.htm

Almost One Year Ago—HL Leasing Comes to an End

John Otto

It will be one year ago tomorrow that Leasing News wrote the story about Heritage Leasing, Fresno, California. The same afternoon its president, founder, and well-known person in the equipment leasing industry took his life. It appears the estimated loans by investors total $132 million dollars from perhaps up to 1,000 investors.

There are up to 1,000 investors. All loans were unsecured, although the note purported to grant a security interest in a lease identified only by a number. No UCC’s were found regarding HL Leasing leases as presented. They do not appear to have existed and the FBI continues to investigate the case as a Ponzi scheme.

It appears the background of graduating from Harvard University is not true, or other information John Otto pretended to have accomplished. Heritage Pacific Leasing was run out of the Fresno office while HL Leasing was run out of his home by two employees as well as his wife with Dan Ramirez as president, who also was active in Heritage Pacific Leasing.

It appears both HL Leasing and Heritage Pacific Leasing are operating, servicing leases and/or residuals, while the FBI has confiscated the planes from Otto's charter company as well as other assets. There has not been a receiver appointed, a bankruptcy, and the FBI office out of Fresno states they are continuing their investigation, which is difficult because the founder is no longer around to answer questions.

Previous articles: HL Leasing
http://www.leasingnews.org/Conscious-Top%20Stories/heritage_leasing.htm

Bank Beat--Construction and land development Loans the Culprit
by Christopher Menkin

Through April, the rate of failures was more than twice of last year’s – 64 banks compared to 28 in 2009.

Except for one bank this time period, the three other banks that failed this week had the same common cause of the majority of the smaller, middle size, and regional banks: construction and land development losses, coupled with commercial and industrial loans. Of the 68 banks that failed this year, most were due to construction and land development loans.

These loans are very important; most what they call "bridge loans." Remember when you would drive down the street and see the sign, "construction financing by Greater Bay Area Bank?" After the work was complete, a larger bank or financial group such as a mortgage firm would do the "permanent loan." When the mortgage market dried up, it affected the smaller banks, caught up with a lot of "interim loans" where they made points, interest at a variable rate, and without the permanent being available, the lenders lost their investors or capital to continue the projects. A lender with a lot of real estate, high net worth, and perhaps even stock, found themselves without the liquid to keep the "bridge loan" alive.

As reported last week, the survey of banks, by Greenwich Associates and FTRANS, an accounts receivable outsourcing firm, showed that 86% of commercial banks are moving away from commercial real estate lending. After reading the results for the last year and a half at Bank Beat, this product has cost bank investors a lot of money as well as affecting smaller banks profits as the larger banks are buying up these banks from the FDIC at some "bargain" prices.

In reality, the FDIC has done as well as could be expected, perhaps better, and the FDIC fund could have been hit much harder than it has been. That larger fish each smaller fish has been known for a very long time, but at the same time, the bowl was much larger than it is today. It is the small community that is being hit the hardest throughout the entire country, not just the top five or six states seeing the housing industry fail and high unemployment due primarily to the halt of growth.

Arizona has been one of the hardest hit, and this failure shows the cause again happening across the country, but perhaps more in Arizona, Florida, California, and Nevada:

The sole branch of Towne Bank of Arizona, Mesa, Arizona was closed with Commerce Bank of Arizona, Tucson, Arizona, to assume all of the deposits.

The bank was down to 25 full time employees. Net equity had dropped from $25 million to $7 million year-end 2009 with a loss of $6.5 million the first quarter of this year, following a loss of $18.2 million in 2009 and loss of $11.1 million in 2008. 2009 year-end charge off were $9.9 million in construction and land development, $1.2 million in multi-family residential, $362,000 in 1-4 multifamily residential property, $1 million in commercial and industrial loans. Non-current loans were $10.6 million. Tier 1 risk-based capital ratio 6.32% As of March 31, 2010, Towne Bank of Arizona had approximately $120.2 million in total assets and $113.2 million in total deposits. Commerce Bank of Arizona will pay the FDIC a premium of 0.3 percent to assume all of the deposits of Towne Bank of Arizona. In addition to assuming all of the deposits of the failed bank, Commerce Bank of Arizona agreed to purchase essentially all of the assets.

The EastValleyTribune.com attributes the founding of the bank April 1, 2004 to the East Valley Mesa area as “... the brainchild of S. Rick Meikle, a third-generation community banker who moved to the East Valley from the Seattle area a few years ago. He is the bank’s president and CEO. "I, among others, started a community bank in 1990 in the Seattle area, the same de novo startup from zero, and it was enormously successful," he said.

"Meikle then became president of the regional holding company, but planned to move to the East Valley because his daughter lives here and his family was spending their vacations here.

"'Ever since four to six months after I got here, after examining the economics and demographics, particularly of the East Valley, the competition, my judgment was that the opportunity to do another de novo startup similar to what we had done in the state of Washington made great sense,' he said. "

The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $41.8 million.
http://www.fdic.gov/news/news/press/2010/pr10108.html

The five branches of The Bank of Bonifay, Bonifay, Florida were closed Friday with First Federal Bank of Florida, Lake City, Florida, to assume all of the deposits. Founded February 1, 1906, the bank currently had 66 full-time employees. As of March 31, 2010, The Bank of Bonifay had approximately $242.9 million in total assets and $230.2 million in total deposits.

In 2008, former president Guy Medley came back June 3 as CEO and raised $41 million additional capital. He told nwfdailynews.com that most of the problems stemmed from poor management, and that the collapse of the real estate market on the Emerald Coast also had a great deal to do with the situation.

"Problems came from the depreciation of loans for condos and single-family dwellings," Medley said. "This led to a loss of equity in some cases of 30 to 40 percent."

He listed a number of things that needed to be done.

"We could be through with everything in 12 to 18 months," he said.

The bank had a $3.5 million loss for year-end 2008. The first quarter loss was $4.5 million. which followed a $7.67 million loss year-end 2009 with $28 million in noncurrent loans and leases. Charge off year-end was $2 million ($1.5 million construction and land development, $291,000 in 1-4 multi-family residential property, $156,000 commercial and industrial loans, $244,000 in "other loans." net equity 2008 was $14.2 million and 2009 $6 .Tier 1 risk-based capital ratio 3.72%

The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $78.7 million.
http://www.fdic.gov/news/news/press/2010/pr10106.html

The six branches of 1st Pacific Bank of California, San Diego, California were closed with City National Bank, Los Angeles, California, to assume all of the deposits. A young bank founded November 17, 2000 with all six branches in San Diego County, the bank had gone from 105 full-time employees year-end 2008 to 79 full time employees year-end 2009.

The bank had a $163,000 loss the first quarter of this year, although the bank lost $15.4 million year-end 2009 and $21.6 million year-end 2008. Net equity had dropped from $27.2 million to $12.6 million with $16.8 million in non-current loans after a charge-off of over $8 million ($7.5 million in construction and land development, $282,000 in loans secured by nonfarm nonresidential land, $594,000 in commercial and industrial loans). Tier 1 risk-based capital ratio 3.77%

As of March 31, 2010, 1st Pacific Bank of California had approximately $335.8 million in total assets and $291.2 million in total deposits. City National Bank will pay the FDIC a premium of 1.62 percent to assume all of the deposits of 1st Pacific Bank of California.

The FDIC and City National Bank entered into a loss-share transaction on $275.7 million of 1st Pacific Bank of California's assets.

The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $87.7 million.

Full story of as US Bank & Wells Fargo take over branches, rivals win in San Diego:
http://www.signonsandiego.com/news/2010/may/07/1st-pacific-bank-sd-seized-regulators/
http://www.fdic.gov/news/news/press/2010/pr10109.html

Here it was 1-4 multi-family property loans that gave the bank the most trouble. The two branches of Access Bank, Champlin, Minnesota, were closed with PrinsBank, Prinsburg, Minnesota, to assume all of the deposits. Started in September 7, 1946, the bank was down to nine full time employees. The net income loss for the first quarter of this year was $615,000. The bank had loss $2.9 million year-end 2009 and lost $5.8 million 2008. The net equity had dropped from $3.49 million year-end 2008 to $515,000. Non-current loans were $1.69 million after charging of $2 million year-end 2009 ($1.2 million in 1-4 multi-family property, $463,000 construction and land development, $322,000 in nonfarm nonresidential property, $86,000 in industrial and commercial loans. Tier 1 risk-based capital ratio 2.00%

As of March 31, 2010, Access Bank had approximately $32.0 million in total assets and $32.0 million in total deposits.

The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $5.5 million.

Full story of Access Bank Failure:
http://www.startribune.com/business/93166804.html
http://www.fdic.gov/news/news/press/2010/pr10107.html

List of Bank Failures
http://www.fdic.gov/bank/individual/failed/banklist.html

Bank Beat:
http://www.leasingnews.org/Conscious-Top%20Stories/Bank_Beat.htm

Leasing Industry Help Wanted

Sales

Interviewing Leasing Professionals With Proven Track Record and Established Book of Business. Envision Provides: 1) Established Funding Sources, 2) Fun Working Environment, 3) Full Benefits (Health Insurance, 401k), 4) Aggressive Commission Structure. Resumes To: careers@envisioncapitalgroup.com, Contact: Jeff Edwards (949) 225-1712 Envision Capital Group is dedicated to providing the best in class products and service to our employers, customers, vendors and partners in the small and middle ticket commercial finance industry. With over 50 years of combined experience we have the knowledge, skills, abilities and relationships to help you reach your goals.

Seeking originators with 5+ years small ticket and/or middle market experience and with established customer and vendor relationships. Remote office and on site positions are available. Please send resumes to: jobs@teqlease.com Attn: Mike Lockwood or Russ Runnalls CLP www.TEQlease.com

Please see our Job Wanted section for possible new employees.

Leasing 102
by Mr. Terry Winders, CLP

Self Insurance

On many occasions I have observed failure to obtain proper insurance on leased equipment. The lessee is allowed to provide self insurance or the insurance requirements of the lease are ignored. The reasons are many from the expense to do it and/or the misunderstanding of the risk it represents. If you have indemnification in the lease agreement you may think you are covered because any claim made against you must be covered by the lessee. Once again it depends on the language in your lease and does not allow for short documents.

There are two areas that lend support to your ability to collect from the lessee for a loss without insurance. The Indemnity clause should read:
Lessee assumes liability for, and hereby agrees, at its own cost and expense, to indemnify, defend, and hold harmless Lessor, its directors, officers, employees, agents, attorneys, affiliates, successors and assigns from and against any and all liabilities, losses, damages, injuries, claims (including, without limitation, claims based upon strict liability), demands, penalties, actions, costs and expenses, including legal expenses, of any kind or nature arising out of the use, condition (including, without limitation, latent and other defects, whether or not discoverable), operation, ownership, selection, delivery, leasing or return of any items of equipment (including, without limitation, any claim for patent, trademark or copyright infringement), regardless of where, how and by whom operated, or for any interruption of service, loss of business or consequential damages. These provisions shall survive the expiration or termination of this lease.

In addition you should have a Casualty clause that states:
Lessee hereby assumes and shall bear the risk of loss, damage to or theft of the Equipment from any and every cause whatsoever, whether or not insured. No loss or damage to the Equipment or any part thereof shall impair any obligation of Lessee under this Lease, which shall continue in full force and effect.

One of the big dangers of not having this language in your lease agreement is that you may get involved in a lawsuit from the injured party, because of your ownership of the equipment, and would have a large legal bill to defend yourself. If you are engaged in bargain option leases you may think you avoid this problem but you do not. Until termination you are the owner of record and even a purchase option of $1 can be rejected by the lessee. To completely cover yourself you should also have an Insurance clause that requires:

insurance against the loss, theft of or damage to the Equipment, for the amount of the applicable casualty value from time to time, naming Lessor as a loss-payee, and (b) general liability, public liability, workers' compensation liability, environmental hazard liability and property damage insurance, naming Lessor as an additional insured.

Then you must follow up on the requirement to provide insurance by letter, phone and email with a copy of the language with the paragraph reference. Some leasing companies are offering “forced place insurance” if the lessee fails to comply with the insurance paragraph. But it would be wise to insert language in your lease that gives you the right to do this. It also would be wise to tell the lessee in your correspondence what the cost is for this type of insurance due to its high cost.

Some leasing companies find all of this insurance too much work and like concern for credit on small transactions prefer to merely increase the lease loss reserve to cover it. However there is always the danger that a very large injury of many people, or a large property loss would destroy your lessee, leaving no one to collect your legal expenses from and if it can be proved that you had something to do with the selection of the equipment your risk would be your company.

Following up on insurance is the smart thing to do!

Mr. Terry Winders, CLP, has been a teacher, consultant, expert witness for the leasing industry for thirty years and can be reached at leaseconsulting@msn.com or 502-327-8666. He invites your questions and queries.

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

Little Rock, Ark.    Meet and learn from Mr. Terry Winders, CLP Leasing #102 columnist for Leasing News, long time educator and trainer Sales and Operations click here for course information and to register June 9, 10, until Noon on the 11th Little Rock, Arkansas Hosted by Arvest Equipment Finance $395.00 Paid in Advance for first person from company $345 with each additional attendee  "Certified Leasing Professionals attending this seminar will earn CPEs (Continuing Professional Education) Credits toward their recertification"

(This ad is a “trade” for the writing of this column. Opinions
contained in the column are those of Mr. Terry Winders, CLP)

Top Stories May 3-May 5

Here are the top ten stories opened by readers:

(1) Barklay Capital, Inc., Costa Mesa, CA
Bulletin Board Complaint
http://leasingnews.org/archives/May2010/5_03.htm#bbc_barklay

(2) Marlin turns it Around!
by Christopher Menkin
http://leasingnews.org/archives/May2010/5_07.htm#marlin

(3) Attention: See UCC's Allied Health
http://leasingnews.org/archives/May2010/5_07.htm#attn_ucc

(4) Story Credit Lessors
http://leasingnews.org/archives/May2010/5_05.htm#story_credit

(5) Leasing Industry Recruiters
http://leasingnews.org/archives/May2010/5_05.htm#recruiters

(6) Resource America "repositioning our leasing company"
by Christopher Menkin
http://leasingnews.org/archives/May2010/5_07.htm#resource

(7) Investors see Leasing Co. Stock Good Investment
http://leasingnews.org/archives/May2010/5_03.htm#investment

(8) Sheldon Player Free for Now
http://leasingnews.org/archives/May2010/5_05.htm#player_free

(9) Archive: From a story in 1998--Note a Joke
Charlie Lester Sells LPI--then has a stroke
http://leasingnews.org/archives/May2010/5_03.htm#archive_1998

(10) Leasing Schools/Franchisors List—Only Three Now
http://leasingnews.org/archives/May2010/5_07.htm#leasing_schools

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

Alexa Ranks Leasing Media Web Sites
US rankings

Rank	5/9/2010	4/9/2009		WEBSITE NAME
1.	54,795	45,245		www.leasingnews.org  Leasing News
2.	174,595	239,478		www.ibaa.org Ind Community Bankers of America
3.	177,307	207,045		www.monitordaily.com Monitor Daily
4.	235,323	203,861		www.naelb.org* National Assoc. of Equip Leasing Brokers
5.	332,941	141,472		www.elfaonline.org
6.	342,838	655,777		www.cfa.com  Commercial Finance Association
7.	483,019	578,845		www.lessors.com  eLessors Networking Association
8.	550,215	no data		www.Worldleasingnews.com World Leasing News
9.	968,132	no data		www.executivecaliber.ws  Exec Caliber-Jeffrey Taylor
	no data	388,335		www.nefassociation.org National Equipment Finance Assoc.
	no data	779,861		www.clpfoundation.org   CLP Foundation
	no data	no data		wwww.leasefoundation.org Equip. Leasing & Fin Fndn
	no data	no data		www.iicl.org  Institute of International Container Lessors
	no data	no data		www.aglf.org  Assoc of Government Leasing  Financing
	no data	no data		www.Leasingpress.com Leasing Press
	no data	no data		www.leasingnotes.com Leasing Notes
	no data	no data		www.leaseassistant.org Lease Assistant
	no data	no data		www.leasecollect.org Lean -Lease Enforcement Att Net
	no data	no data		www.nationalfunding.org
	no data	no data		www.lesseeadvocate.com Lessee Advocate

Alexa Ranks Leasing Media Web Sites
World rankings

Rank	5/9/2010	4/9/2009		WEBSITE NAME
1.	206,294	203,289		www.leasingnews.org  Leasing News
2.	774,791	638,065		www.ibaa.org Ind Community Bankers of America
3.	842,721	775,088		www.naelb.org* National Assoc. of Equip Leasing Brokers
4.	913,446	996,068		www.monitordaily.com Monitor Daily
5.	1,040,339	846,542		www.elfaonline.org
6.	1,677,726	1,711,478		www.cfa.com  Commercial Finance Association
7.	1,991,172	2,131,643		www.lessors.com  eLessors Networking Association
8.	2,434,145	2,306,613		www.nefassociation.org National Equipment Finance Assoc.
9.	2,445,330	2,699,506		wwww.leasefoundation.org Equip. Leasing & Fin Fndn
9.	2,694,678	2,252,510		www.Worldleasingnews.com World Leasing News
10.	3,958,132	2,778,247		www.clpfoundation.org   CLP Foundation
11.	4,013,537	10,276,129		www.executivecaliber.ws  Exec Caliber-Jeffrey Taylor
12.	6,217,442	5,014,103		www.iicl.org  Institute of International Container Lessors
13.	7,422,371	4,529,081		www.aglf.org  Assoc of Government Leasing  Financing
14.	12,011,416	13,987,604		www.leasecollect.org Lean -Lease Enforcement Att Net
15.	13,972,311	20,805,133		www.Leasingpress.com Leasing Press
16.	16,485,323	16,384,864		www.lesseeadvocate.com Lessee Advocate
17.	21,818,090	12,899,808		www.leasingnotes.com Leasing Notes
18.	no data	9,205,280		www.leasinglife.co.uk The Journal for Asset Finance
19.	no data	14,143,684		www.nationalfunding.org

David G. Mayer's Business Leasing and Finance News is not included in the Alexa report list as it does not have its own individual site and Alexa finds Patton Boggs, LLP Attorneys at Law.  The rating is not valid as it includes all those who visit and communicate with the law firm.  When Business Leasing and Finance News has its own individual web site, it will be included in the Alexa survey.

*It should be noted that NAELB web site "list serve" requires logging onto their site, meaing their e-mails are counted as a visit to the site, whereas they are "list serve" communication.  These are technically visits to the web site, but primarily to use "list serve."

The Alexa tool bar works on most browsers. They are partnered with Google.

You may download their free tool bar A graph and analysis of the last three months are available.

From the Archives...LPI Healthcare gets Award

Dwight Galloway, CEO of Net Bank Business Finance (NBF) awards LPI Healthcare its fifth yearly plaque as being one of NBF’s top five volume brokers in 2006.

From left to right: Lee-Anne Norton, Administration; Charlie Lester; Kay Smith, VP; Dwight Galloway and Kurt Hess, President. Net Bank Business Finance has only been awarding this plaque for five years and there are four on the wall and one more to install at LPI Healthcare.

Charlie Lester, original founder of FPI and emeritus Leasing News Advisory director

"I am also happy that my friend Jim Borland at U.S. Energy Capital won his first plaque this year,” Charlie Lester commented.
“Jim is a tremendous success story of a broker acquired by First Sierra and almost driven out of business in the First Sierra fiasco. After going back on his own again, Jim scratched and clawed his way back to being be a top broker at NBF and in the country. Persistence and hard work have paid off big time for Jim and his crew. Congratulations Jim!!!"

Edmonds, Washington---Adopt-a-Dog

Griffin
Pomeranian [Mix]
Small Adult Male Dog

Griffin would LOVE a new home or foster home. Please consider being a foster mom and dad to a pet in need. It is a very rewarding experience.*

"Hello, I am Griffin. I am a gorgeous and sweet 12 pound male Pomeranian mix. I am approximately 4 yrs old. I am a cuddle bug. I love to curl up with my foster mom and watch TV. I enjoy getting pets and like attention from my foster parents. I am in a foster home with other dogs and I do enjoy the company. I am also fine with cats. I do like to play with the other dogs in my foster home. However, I would do fine as an only dog as well. I am crate trained and house trained. I am a character and full of personality - you can't help but LOVE me! When I see my foster parents, I do an excitement dance. I come when I am called and sit patiently to be picked up. I am just a sweetheart. Please pick me to be a part of your family!"

Adoption Application:
http://members.petfinder.com/~WA427/index_files/AdoptionApplication.htm

Health & History: Griffin has had a wellness exam by one of our vets and is spayed/neutered, micro chipped, wormed, flea treated, current on DHLPPC, Bordatella, and Rabies. Griffin arrived to NWIPR from Taiwan. He was the Taiwan rescues mascot and was able to be around everyone in their office. Griffin is very much loved by everyone their and they would all love updates on him in his new home.

Adoption Donation: $285.00
Your adoption donation is used to care for the many dogs that enter into rescue. All dogs leave rescue vaccinated, sterilized, micro chipped, wormed, flea treated, and medically checked out. In some cases they receive dentals, ear flush, cherry eye surgery, and so on to ensure that they are healthy and ready to be adopted. Your adoption donation is very much appreciated and needed to help care for the many needy dogs that enter into rescue. New adopters receive a FREE exam coupon at a local veterinary clinic in Lynnwood OR a $30 care voucher to a veterinary chain (so be sure to ask about these coupons if you are interested).

http://members.petfinder.com/~WA427/index.htm

Northwest International Pet Rescue
Snohomish & King County
Foster Homes
Edmonds, WA 98026
nwinternationalpetrescue@gmail.com
http://www.nwipr.org

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Baseball Poem First Time At Third by Jacqueline Sweeney ©  Published: At The Crack Of The Bat (1992) First time at third nothing but nerves. He fist-whomps his glove, tucks in his shirt, kicks up the dirt for the twenty-fifth time. Gets in position pumped up to win, jump sweeps the plate. Will it ever begin? A quick-line drive! He leaps for the sky. His body's an arrow, glove aimed high.  What's this? He stumbles, he tumbles to earth. His glove is still empty, face red as his shirt. The game hasn't started? "Play Ball!" can be heard and he's tried to snag a lowflying bird; fastflying, linedriving feathers and all. How could he think that a bird was a ball!