Position Wanted – Credit
Work Remotely or Relocate for Right Opportunity

Each Week Leasing News is pleased, as a service to its readership, to offer completely free ads placed by candidates for jobs in the industry.  These ads also can be accessed directly on the website at:
http://www.leasingnews.org/Classified/Jwanted/Jwanted.htm
Each ad is limited to (100) words and ads repeat for up to 6 months unless the candidate tells us to stop. Your submissions should be received here by the end of each week.

Please encourage friends and colleagues to take advantage of this service, including recent graduates and others interested in leasing and related careers. 

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

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

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Top Stories October 5 -- October 9
(Opened Most by Readers)

 

(1) Alert: Integrity Financial Group
        Active Again on the Internet
http://leasingnews.org/archives/Oct2015/10_05.htm#alert

(2) Originators 89% Satisfied with Current Position
  Survey Finds: 56% Had Incomes of $125,000
http://leasingnews.org/archives/Oct2015/10_07.htm#originators

(3) New Hires---Promotions in the Leasing Business
          and Related Industries
http://leasingnews.org/archives/Oct2015/10_09.htm#hires

(4) Leasing 102 by Mr. Terry Winders, CLFP
     "Leasing Term Confusion"
http://leasingnews.org/archives/Oct2015/10_05.htm#confusion

(5) Report on Conditions in Columbia, South Carolina
         NEFA Conference in Atlanta, Georgia a “go!”
                by Dwight Galloway, CLFP
http://leasingnews.org/archives/Oct2015/10_07.htm#report

(6) Equipment Vine Enters Aggregate Funding Sources
           Declares It is the First FinTech to Do So
http://leasingnews.org/archives/Oct2015/10_09.htm#vine

(7) Ascentium Capital Surpasses $1.5 Billion
           in Funded Volume Since Inception
http://leasingnews.org/archives/Oct2015/10_07.htm#asc_cap

(8) Marlin "Partners" with Hartford Insurance
           to Offer Full Business Insurance
http://leasingnews.org/archives/Oct2015/10_07.htm#marlin

(9) Kabbage Funding More Than $5 Million per Day
  Loan Volume Grew 60% from 1st Q to 3rd!
http://www.prweb.com/releases/2015/10/prweb13001220.htm

(10) Archives --October 9, 2006 Key Equipment Finance
        Enhances Support with Realignment
http://leasingnews.org/archives/Oct2015/10_09.htm#archive
 

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Report on the NEFA Atlanta, Georgia Conference
by Dwight Galloway, CLFP, RLC Funding

The National Equipment Finance Association Funding (NEFA) Symposium held from October 7 through October 9th at the JW Marriott Atlanta Buckhead Hotel, Atlanta, Georgia, was the strongest in recent years. There was a significant increase in numbers, much energy, and consistently positive comments from the participants.

The group drew primarily from the West Coast and Northeast rolls of the old United Association of Equipment Leasing Association and Eastern Association of Equipment Lessors, despite the flight times. The breakout sessions were well attended and with the exception of the puzzling keynote address, industry specific.

NEFA Executive Director, and former National Association of Equipment Leasing Broker President, Gerry Eagan emphasized the growth, financial strength, and forward momentum of the Association. The 281 individuals included 61 first-timers and 20 new members. The companies in attendance mirrored the NEFA membership with 50% broker/lessors, 25% funders, and 25% service providers.

44 firms exhibited and with ample time to meet and network, every broker/ lessor had a complete range of funders with which to cement relationships. 

Dwight Galloway, CLFP
Senior V.P. Broker Operations
RLC Funding, a Division of
Navitas Lease Corp.
dgalloway@RLCfunding.com
803-566-8245 Ext. 302 

 

(Leasing News provides this ad as a trade for appraisals and equipment valuations provided by Ed Castagna)

 

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California Gov. Brown Signs SB 197 and SB 235
Better Be a Licensed Finance Lender to do Business Here

More Regulations/More Reporting to the State

California Governor Jerry Brown has signed SB 197 into law, introduced by Senator Marty Block, D-San Diego. Section 22602 is added to the California Financial Code (1)

October 5, 2015, Governor Brown signed a similar measure SB 235, by Senator Marty Block that allows fees to non-licensed individuals for helping refer " installment loans in principal amounts of at least $300 and less than $2,500...establishes a maximum finder’s fee of $45 per loan for the first 40 loans originated at the finder's location per month, and $40 per loan for loans thereafter during that month."

Leasing News has been reporting on SB 197 since it was introduced as it brings a major change in California commercial financing to both brokers and funders in California, perhaps vendors who receive a “referral fee,” as well as those doing business from out of state in California, under the guise of allowing unlicensed referrers to collect a commission when they refer the customer to a bank or licensed California Finance Lender.

This includes business loans, capital leases, working capital loans, but
does not apply to “operating” or what are often referred to as “true
leases.”

The following prohibitions are now in effect for those not licensed:

"(c) The following activities by an unlicensed person are not authorized by this section:

(1) Participating in any loan negotiation.
(2) Counseling or advising the borrower about a loan.
(3) Participating in the preparation of any loan documents, including credit applications.
(4) Contacting the licensee on behalf of the borrower other than to refer the borrower.
(5) Gathering loan documentation from the borrower or delivering the documentation to the licensee.
(6) Communicating lending decisions or inquiries to the borrower.
(7) Participating in establishing any sales literature or marketing materials.
(8) Obtaining the borrower’s signature on documents.”

Funders will have to keep records as well as confirm a letter of notification has been issue to the borrower or to lessee using a Capital Lease.  Funders may be fined as well as "Cease and Desist" orders issued doing business in the state.

Leasing News Legal Editor Tom McCurnin has commented on this (3) as well as Leasing News Advisory Board Member Attorney Kenneth Greene (4)

(1)  SB 197
http://leginfo.legislature.ca.gov/faces/
billCompareClient.xhtml?bill_id=201520160SB197

(2) SB 235
http://www.leginfo.ca.gov/pub/15-16/bill/sen/sb_0201-0250/sb_235_bill_20150217_introduced.html

(3) California’s SB 197 Finally Will Allow Lenders
   to Pay Some Unlicensed Brokers
  By Tom McCurnin, Leasing News Legal Editor
http://leasingnews.org/archives/Sep2015/9_02.htm#sb

(4) In California, You had better have a license to lease
           by Kenneth C. Greene, Esq.
http://leasingnews.org/archives/Sep2015/9_16.htm#license

 

Leasing Industry Help Wanted

 

Press Release

WE'RE HIRING at Our Minneapolis Headquarters Credit Manager This position will be responsible for underwriting small ticket working capital applications up to $250,000 in a fast paced and high volume environment. The candidate will make independent decisions on commercial credit applications through evaluation of business and personal credit reports, financial statements and other credit information. More Collections Representative This position will function as the primary contact for customer concerns regarding loan collection issues. The candidate will act as a liaison between the customer, Channel Partners Capital and 3rd Party Collection Agencies. More Please email cover letter and resume to: careers@channelpartnersllc.com

Credit Manager Riverside, CA Ideal Candidate 5 Years Exp. Equip. Leasing & Finance, Prefer Titled Transportation Equipment Exp. Click here for more information www.FFResources.com Nationwide Leasing & Financing of Commercial Fleets

For information on placing a help wanted ad, please click here:
http://www.leasingnews.org/Classified/Hwanted/Hwanted-post.htm

Please see our Job Wanted section for possible new employees.

 

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“Getting Around Applicant Tracking System”
Career Crossroad---By Emily Fitzpatrick/RII

Q. How do I get around the ATS (Applicant Tracking System) to
    get my application and resume notice?

A. Technology has progressed, online applications and digital resume submissions have expanded the amount of paperwork an employer receives. As such, companies have incorporated the use of software to assist in conducting initial screenings. The down side: your resume may be rejected before any individual sees your resume, and the client may miss a perfectly suited candidate.

Almost all large to mid-size companies utilize an “ATS.” Applicant Tracking Systems “…reject an estimated 70 percent or more of the resumes submitted either because the documents don't reflect the desired qualifications or are formatted in a way that the system can't digest the information …

Correctly formatting and composing your resume will increase your chances of passing the initial screening phase. Furthermore, make sure your online application includes the “right” words and meets position requirements to move you along the selection process.

Key Words:
Make sure your resume AND application contains keywords relevant to the position you are applying for (review the job ad/posting) and view the company website to find a more detailed job description.

You may also want to develop a list of words and phrases used to describe the ideal candidate, and incorporate them into your application and/or resume. Feel free to incorporate keywords more than once; systems often score points for each mention of a key skill.

Include a Customized Skills Section or Qualifications Summary:
Customize a skills section in your resume to correspond to position requirements. Note you want to try to match as many of your skills to these requirements to increase your chances of moving forward.

Resumes:
1. Generic resumes will be the first documents screened out, tailor to each position you are targeting
2. Do not leave dates off as “ATS” may screen based on the amount of experience required
3. Keep the format simple, use a font size of 11-12, and margins should be 1 inch on all sides

Most systems will summarize your data for decision makers. However, some employers will retrieve your actual document and view it online. Remember to use a simple but attractive format and avoid unnecessary language that will distract the reader from focusing on your qualifications. 

For more FREE information/tips, feel free to contact info@riirecruit.com 

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

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

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FinTech #102 by Charles Anderson
Your “Return on Investment” on eDocs

The most compelling aspect of electronic documentation is a closing tool without parallel. They may be reviewed on any connected device in addition to a desktop or laptop - smartphone, tablet, smart TV. Your client need not subscribe. They can download the app to execute. The most programs, EchoSign and DocuSign, provide email tracking and audit trails, and, up dual execution of the documents, automatically forwards them to your Client and stores them in a secure cloud-based server.

Finally, this mobility neutralizes the occasion when the client is out of the office for any reason. I have had direct experience with mortgage documents being executed at San Francisco Giants game at AT&T Park, contracts being signed on a boat and at a birthday dinner.

The use of Financial Technology gives tremendous value to dynamic
salespersons, making them more efficient, effective, and  streamlines your sales and funding process.

I personally realize that all processing decisions will ultimately come down to practical dollars and cents – and electronic documents are no exception. Your team can have the most secure standards of asset protection or the simplest process for the customer, but at the end of the day, if you aren’t generating revenue and cutting costs, what is the point? So as a thought experiment, we’ll dive into what electronic documents will look like for your team, your customer, and your pocketbook.

Cost-cutting

The first cost-cutter with eDocs is so simple, it’s almost foolish; when going paperless, you’ll save money on paper, folders, cost of ink, toner, envelopes, mailing, UPS or Federal Express (not counting the time and extra cost when your documents need to be re-signed or documents missed signing)as well as the cost of office furniture such as more files, more desks, perhaps more employees, let alone the retrieval time of getting up, searching for it, and bringing it to the attention of people who need to review or follow-up, getting back to sales, review, and back to funding. Finally, we’ll consider the time costs saved when implementing eDocs. Electronic documents effectively shorten your sales cycle from 2-3 weeks to 2-3 days.  Just think – documents can be issued faster than ever before, using pre-set document templates e-mailed to your signatories. And with required fields for every signature, gone are the days of sending documents back-and-forth between parties when signed incorrectly. These documents are then instantaneously transferred to your funding team. We’ll conservatively estimate an overall $100/deal on time saved reviewing, signing, and shipping documents from your team to your customer. Anyone in financing knows it costs more than this per deal.

Revenue-generating

At every stage of the equipment leasing process, electronic documents will generate additional revenue per deal. For example, think about how much easier eDoc applications are to complete than a paper/faxed credit app. This ease of access generates new account openings, improves customer service, and reaps more lifetime value from each of your leads. For the sake of simplicity, we’ll conservatively say that electronic credit apps gain one additional deal per month. In the same line of reasoning, it’s safe to assume that with electronic documents, your closing percentage will also increase on your ELA package. Again, for the sake of simplicity, we’ll assume that electronic documents gain one additional set of documents back per month.  The gross margin made per deal is variable, and completely determined by the skill of your salesforce. (We’ll get back to this key variable later.)

Costs

There are, of course, several costs to any change in your ops policies and procedures.  For instance, the most straightforward cost: the price of the product itself. The membership cost to use electronic documents wholly depends on your company’s specific needs. For example, the basic cost of professional DocuSign membership is anywhere from $20 - $125 per user per month (taken from DocuSign website:
https://www.docusign.com/products-and-pricing) as well as the user
cost can be “mixed and match.”  Various features and benefits will increase your cost/person, but we’ll ballpark an average of $30/person, submitting an average of 30 deals/month, or $1/deal per month. Electronic storage/vaulting and identity verification (additional security features, discussed last week) you can expect to cost approximately $5/deal and $1.50/deal, respectively.  Again, the specific breakdown will depend heavily on your company’s individual needs, your lending partner’s standards for security, and the size of your business.

All things considered, when accounting for each individual dollar and cent made per deal, the GM and the skill of your salesperson will drive your Net Return on Investment Multiple. That just goes to show that no matter how efficient, effective and streamlined your sales and funding process, nothing can substitute the inherent value of creating a dynamic salesperson.  Using eDocs will improve your “approval to funding” ratio.

There are many companies offering electronic management system from to www.docusign.com and www.eoriginal.com  as well as reviews by Capterra: http://www.capterra.com/document-management-software/

I recommended www.docusign.com as that is the company I have the most experience in using.

Charles Anderson
charles@imcacapital.com
CEO – IMCA Capital,
Enverto Investment Group,
Express-Tech
http://www.imcacareers.com/

Previous Financial Technology Articles
http://www.leasingnews.org/Conscious-Top%20Stories/fintech.html

 

 

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Funders Looking for New Broker Business
Updated

To qualify for this list, the company must be a funder (as qualified by Leasing News) and on the “Funder List,” an acceptable Better Business Bureau Rating and no history of complaints at Leasing News. Also, it is their practice to notify lessees in advance when the lease will end and what the residual will be, specifically not automating extra lease payments, or insisting their discounter follow the same policy. We reserve the right to not list a company who does not meet these qualifications.

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.

We encourage companies who are listed to contact us for any change or addition they would like to make. We encourage adding further information as an "attachment" or clarification of what they have to offer would be helpful to readers.

Please send company name, contact/email or telephone number as well as a URL to attach or description to kitmenkin@leasingnews.org

Alphabetical list - click on company name to view more details

1st Enterprise Bank Leasing Advantage Funding Agility Solutions Allegheny Valley Bank Leasing  Allstate Leasing American Leasefund, Inc. Bankers Capital  Barrett Capital Corporation Black Rock Capital Boston Financial & Equity Corp. BSB Leasing, Inc. Calfund, LLC Chesapeake Industrial Leasing Co., Inc. Citizens Business Bank

Cobra Capital LLC Dakota Financial  Enverto Investment Group LLC Exchange Bank Leasing (formerly Dumac Leasing) FirstLease, Inc. First Federal Leasing First Midwest Equipment Finance Financial Pacific Leasing Forum Financial Services, Inc. Gonor Funding Lease Corporation of America Madison Capital Manufacturer's Lease Plans, Inc

Maxim Commercial Capital, LLC Mesa Leasing National Equipment Finance NexTier Leasing NFS Leasing, Inc Northwest Leasing Company, Inc P&L Capital Corporation Padco Financial Services Pawnee Leasing Corporation RLC Funding Standard Professional Services, LLC Summit Leasing, Inc. TEAM Funding Solutions TimePayment  Vision Financial Group, Inc.

 

Twelve Attorneys Against Evergreen Abuse

The original intention of the Evergreen clause in an equipment leasing contract was to have an alternative to when the lessee did not exercise the residual at the end of the contract. Often the clause calls for an automatic additional twelve months when the residual is not resolved.

In most cases, the lessor notifies the lessee that the residual will be due, often ninety days in advance. However, often there is nothing in the contract that requires the lessor to notify the lessee regarding the expiration of the contract.

Contrarily, many small ticket lessors do not notify the lessee, and automatically continue the lease, often via an ACH or continued billing, which often goes unnoticed until many payments have already been made.

Leasing News would like to see an industry standard that lessees are notified in advance of the expiration of their contract regarding its termination. We support the clause, and the notification requirement is wide open, meaning 90, 60, even 30 days and by telephone or mail.

This list of attorneys agrees with this and will be available to lessees, sometimes able to help them without a fee, or at a reduced rate, in an effort to end the abuse of Evergreen clause leases.

Jim Coston
Coston & Coston LLC
105 W. Adams Street
Suite 1400
Chicago, Illinois 60603
(312) 205-1010
jcoston@costonlaw.com
(In 1998, he was elected to the United Association of Equipment
Leasing Board of Directors, and in 2003-04 was the first
attorney to become UAEL President, very active in his political party.)

Ronald J. Eisenberg
Schultz & Associates LLP
640 Cepi Drive, Suite A
Chesterfield, MO 63005
(636) 537-4645 x108
(636) 537-2599 (fax)
www.sl-lawyers.com
(Proven Leasing Litigator, well respected by all sides)

Ronald P. Gossett
Gossett & Gossett, P.A.
400 Seridan Street, Building I
Hollywood, Florida
954-983-2828
Fax: 954-983-2850
rongossett@gossettlaw.com
(Many cases including NorVergence, Brican, among others, a winner)

Ken Greene
Law Offices of Kenneth Charles Greene
5743 Corsa Avenue Suite 208
Westlake Village, California 91362
Tel: 818.575.9095
Fax: 805.435.7464
Skype: 424.235.1658
kenlaw100@gmail.com
(Ken was involved in the formation of Leasing News and
represented it (pro bono) in the early days.)

Peter S. Hemar, Esq.
Hemar & Associates, Attorneys at Law
2001 Wilshire Blvd., Suite 510
Santa Monica, CA 90403
Telephone: (310) 829-1948
Fax: (310) 829-1352
phemar@hemar.com
(My firm supports the clause giving lessees advance 
notice of the expiration of their contract.)

Brandon J. Mark
Attorney at Law, Admitted in Utah and Oregon
Parsons Behle & Latimer
201 South Main Street, Suite 1800
Salt Lake City, UT 84111
Direct Dial 801.536.6958
Facsimile 801.536.6111
www.parsonsbehle.com
BMark@parsonsbehle.com
(His firm represents banks who buy leases, and his
clients refuse to buy these types of leases.)

Barry S. Marks
MARKS & ASSOCIATES, P.C.
Financial Center - Suite 1615
505 North 20th Street
Birmingham, Alabama 35203
P. O. Box 11386
Birmingham, Alabama 35202
barry@leaselawyer.com
www.leaselawyer.com
205.251.8303
fax 278.8905 (Direct) 251.8305 (Main)
(Well-known to the leasing industry, also Alabama Poet)

Tom McCurnin
Barton, Klugman & Oetting
350 South Grand Ste. 2200
Los Angeles, CA 90071
Voice: (213) 617-6129
Fax: (213) 625-1832
Cell: (213) 268-8291
Email: tmccurnin@bkolaw.com
(Leasing News Advisor/Leasing News Legal Editor,
Well-Known top Leasing Litigator)

Frank Peretore
Peretore & Peretore, P.C.
191 Woodport Road
Sparta, New Jersey 07871
www.peretore.com
(973) 729-8991
peretore@peretore.com
(Experienced leasing attorney, aggressive, author, secretary,
National Equipment Finance Association, ELFA, too)

Ellen Stern
Ellen Michele Stern
17630 El Mineral Rd
Perris, CA 92570
951-443-4000
leaselaw@msn.com
(Long time Southern California leasing attorney, well-respected)

Kevin E. Trabaris, Principal
Trabaris, P.C.
1834 Ridge Avenue, Suite 138
Evanston, IL 60201
Direct: (847) 840-4687
Fax: (848) 260-5768
kevin@trabaris.com
www.trabaris.com
"In my career, I’ve repeatedly seen this provision misused
by unscrupulous lessors and think it’s a bad idea for both
the lessee and the lessor."

Michael J. Witt, Esq.
MICHAEL J. WITT LAW OFFICES
4342 Oakwood Lane
West Des Moines, IA 50265
Tel: (515) 657-8706
Mobile: (515) 868-1067
Fax: (515) 223-2352
email: MWitt@Witt-Legal.com
 Web:  www.witt-legal.com
(Former Advanta Leasing
and Wells Fargo Equipment Finance attorney)

 

 

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(Terry retired January 1, 2015.  To honor him and his many years of writing for readers of Leasing News, is repeating several of his columns that are still meaningful today. Here is October 17, 2011.)

“Vendor Invoices”

One of the most important documents in your folder is the vendor’s invoice because it should show the title being passed to you and the delivery to the Lessee. You should be in the “sold to section”. Even if your transaction is a bargain option lease, you are using a “lease” agreement and it states you are the owner of the equipment. The invoice should reflect this. You should have sent them a purchase order that reflected this among others requirements.

First, you should check to see that the description of the equipment is complete, including model and serial numbers. Vendors usually give a very brief description of the equipment instead of the complete one you will need for the lease agreement. In addition, they may not break down the difference between the soft costs and the hard costs. Items such as; delivery charges, set up or instillation costs, training, or software should be spelled out so you know the real value of the equipment you are about to lease. We say that we handle 100% financing and we do--- but at the same time we need to know the breakdown of those costs. The higher the soft costs, the more we look for advanced payments or security deposits or a better credit.

When you need to call a vendor to determine a few facts about the equipment, please refer to this list for questions to ask:

• May I have a complete description of the equipment emailed to me and do you have a brochure I may have?
• What is the purpose of this equipment?
• What is just the equipment’s value?
• How long will it last?
• Who is the manufacturer as well as location of Manufacturer?
• What additional attachments are available?
• Has it been specially made? 
• Where do you get spare parts?
• What is the “resale” market like?
• How much is the “de-installation” cost?

You should always record who you spoke with and what he told you about the equipment for future reference.

The time to get this information is prior to funding when the seller will be most cooperative in wanting to get paid, not after a default or five years later when the salesman who handled the transaction is working elsewhere.

In addition make sure that the sales tax is not added, if you are in a State that requires sales tax on the payment. You will have to give the vendor your sales tax resale certificate to avoid paying the tax up front and causing the Lessee to pay the tax twice. If you have not confirmed funding yet, then you will have to inform the vendor to create an invoice without the sales tax and they will get the resale certificate with the check for purchase. If you need to pay the invoice prior to funding, then you will have to apply for a resale certificate in that State and remit sales tax on each received payment.

Vendors invoice should reflect what you are doing with the lessee and add documentation support to your transaction.

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

(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)

 

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Screen Resolutions Affect What You See
How to Adjust Your Monitor

Most readers do not realize the resolution size they have their monitor set for will change the size of what is sent; meaning you may not be viewing the original size. Go to your Control Panel, then to Display. You can change from the three most recommended, or go to "Change Display Settings."

To properly measure size on the internet often the "pixel" size is utilized. Inches and meters don't work, nor do "pica" as for printed newspapers.

As a rule of thumb, the lower the number, the larger the graphics, including fonts will appear, but are not as sharp as the higher the number. In fact, the higher the number, the clearer and perhaps brighter the picture will appear on your screen.

A video card makes a big difference, and there are other programs, such as Liquid View and Pivot that can change the appearance.

To view where you are among users, please go here:

marketshare
http://marketshare.hitslink.com/report.aspx?qprid=17

 

 

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

NEFA Elects New Officers
at Funding Symposium in Atlanta/Awards Given

Raleigh, NC (October 11, 2015) – The annual business meeting of the National Equipment Finance Association (NEFA) was held this year on Thursday, October 8, during NEFA’s  2015 Funding Symposium at the J W Marriott Atlanta Buckhead hotel in Atlanta, Georgia. Officers and Directors were elected during the business meeting.

Elected to lead NEFA on the Executive Committee for 2015-2016 were: Gary Souverein, of Pawnee Leasing, President; Stephanie Hall, CLFP, of Bryn Mawr Funding, Vice President; Greg Nappi, of DDI Leasing, Treasurer; and Mike Coon, of Axis Capital, Secretary. Tara Aasand, of LeaseTeam, will continue to serve on the Executive Committee as Immediate Past President.

Elected as Directors for NEFA for 2015-2016 were: Kip Amstutz, of 360 Equipment Finance; Dennis Dressler, of Dressler & Peters; Doug Houlahan, CLFP, of Maxim Commercial Capital; Bryan Inman, CLFP, of Great American Insurance; Gabe Jarnot, CLFP, of Northland Capital; Marc Keepman, of KLC Financial; Daryn Lecy, of Stearns Bank; and Nick Ross, CLFP, of Bank of the West.

“Our Officers and Directors represent a broad range of experiences and all have a passion for this industry and association,” said Gerry Egan, Executive Director of NEFA. 

Kyle Gilliam, CLFP, of Arvest Equipment Finance, and Anna-mary Geist, of Sovos Compliance – Taxware; were honored for their Board Service as they completed their terms this year. Also honored for his successful efforts as Conference Chairperson, was Bob Hanna, of Weltman, Weinberg & Reis Co., L.P.A.

Jim Merrilees, of Channel Partners Capital, was given the Chris Walker Memorial Member of the Year Award by the NEFA Executive Committee in recognition of his many years of Service to NEFA, its predecessor organizations and the industry at large.

Special Guest, Pete Sawyer, CLFP, of Sun South Equipment Leasing, Inc., and current President of NAELB, was also recognized.

During the Funding Symposium, NEFA, who has enjoyed a long standing and close relationship with the CLFP Foundation, provided meeting space for the Foundation along with exhibit space. During the NEFA business luncheon CLFP leaders were also given an opportunity to present a number of their own awards.

The 2015 Funding Symposium drew a record 281 registrants from across the US and Canada including a record 82 first time attendees. Represented among those first time attendees were 20 new NEFA Member companies.

Attendees participated in a broad range of educational sessions, visited with a record setting 44 leading-edge industry exhibitors, enjoyed social functions and a fund raising golf event. The Funding Symposium kicked off with an informative and inspiring talk by Michael Flock, of Flock Specialty Finance, who shared some of his own story set against the ups and downs and challenges of our industry.

Said, Bob Hanna, the 2015 Funding Symposium Conference Chairperson, “Atlanta’s an easy city to travel to and its Buckhead area is a great location due to the number of dining and entertainment options close by. I think that, the general health of the industry right now, the lineup of educational breakouts we put together, and the vibrancy of NEFA as an organization and the effective networking opportunities it offers, all combined to make this conference a great success.” 

About National Equipment Finance Association

The National Equipment Finance Association (NEFA) is a national association serving small to mid-sized independent equipment finance companies, lessors and brokers.  NEFA is a strong association offering enhanced educational programs and premium networking opportunities with broad geographic and industry segment diversity. The mission of NEFA is to provide a forum for members to pursue personal and professional growth and promote ethical business practices through advocacy, networking and industry involvement.  For more information, visit: www.NEFAssociation.org or call: 847-380-5050.

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

 

Shepherd Mix
Chicago (Lincoln Park), Illinois  Adopt-a-Dog

Giza
Female
1 Year
42 lbs.

Lincoln Park Adoption Center
Available for Adoption/Fostering

Giza's Story

“Giza is a fun and energetic girl who arrived at PAWS Chicago after being found as a stray. She is very active and would love to be a running partner or have a yard to play in. Giza is still a young dog, so she will need training and socialization. Our volunteers and trainers have already been working with her a lot and she is a quick learner! Giza enjoys spending time in a pack and romping with groups of other dogs. Her ideal home would be with an experienced owner who is interested in training.”

“Our volunteers and trainers have already been working with her a lot and she is a quick learner!

“Arrived at the Adoption Center on 4/1/15
Likes
I love playing with Kong toys
I’ll take as much exercise as I can get!
I’d love to be your running buddy
Did someone say ‘treat’? I’ll take them all
I’m a star pupil at obedience training
Dislikes
I’d love to find an adults-only home”

foster@pawschicago.org

Lincoln Park Adoption Center
1997 N. Clybourn Ave
Chicago, IL 60614
773-935-7297 (PAWS)
Sat & Sun: 11 a.m. - 6 p.m.
Mon-Fri: 12 - 7 p.m.

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

 

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Collector: Atlanta, GA Asset Recovery Specialist. We get your money or we get your > equipment back for you. Physical Asset Recovery Experts! E-mail: mcrouse911@joimail.com	Collector: Cleveland, OH  Huntley Capital & Associates is your solution to late payments, no payments, and asset recovery. Call 216-337-7075.  Email: ghpatey@msn.com
Collections: Dallas, Texas Contingency Fee basis. Receivables Outsourcing. We are a fully bonded nationwide licensed agency. We collect for nationally known banks and leasing companies.  800-886-8088.	Collector: Los Angeles, CA Expert skiptracers covering Southern California. We locate skips, judgment debtors and collateral. When you can't get the job done in house, give us a call at 1-800-778-0794. E-mail: ceo@interagencyLA.com
Collector: Louisville, KY We are a full service collection agency with attorney network. 21 years experience. Please call Jon Floyd, VP at 1-800-264-6850  email: jfloyd@collectcsg.com	Collector: Louisville, KY  Euler Hermes/UMA 92 year old Global Receivables Outsourcing. Presence in 143 Countries. Work w/ 4 out of 5 Fortune 500 firms. Contingency Fee Structure. 20% off first time clients.! Andrew.Newton@eulerhermes.com 1-800-237-9386 x 205.
	Collector: Milwaukee, WI  We specialize in ATM machine reposession and remarketing. We can get you top dollar for your inventory. E-mail: bdperry1@yahoo.com
Collector: Nationwide End of lease negotiations & enforcement. Third-party collections. Skip-tracing. Background checks. Credit & asset investigations. 15+ years in leasing industry. Providing services to clients nationwide. 800-824-0234 johnkenny2@verizon.net	Collector: Saint Louis, MO Complete commercial collection agency. Licensed bonded in all states and will out performed any other agency! Call 1-800-659-7199 ext.315 E-mail:  jfloyd@lindquistandtrudeau.com
Consultant: Nationwide 25 yrs. experience: Creating/Refining Business Plans to raise capital· Credit Underwriting support/policy/procedure development · Operations Support/policy/procedure development. Call: 610-246-2178, McCarthy Financial, LLC,David.mccarthy@mccarthy-financial.com	Consultant: Burlington, CT We provide our clients with a full range of consulting services such as portfolio conversions, reconciliation, custom programming and leasing operations utilizing InfoLease.  Email: info@new-millennium-assoc.com
Consultant: Europe 15 years doing deals/running own technology leasing company – looking to advise/ lead new entrants to take advantage the European market opportunity. www.clearcape.co.uk or  kevin.kennedy@clearcape.co.uk	Consultant: Henderson, NV Focus on new business development and process efficiencies to create incremental revenue and profitability. Executive level vendor experience, and satisfied outsourcing clients. Incredible track record. E-mail: rbutzek@cox.net
Consultant: Sausalito, CA Lease trainer and consultant. 50 years in equipment leasing. Expert in transaction analysis, financial statement analysis, credit, packaging, structuring. Presents highly popular classes and workshops. E-mail:BoTei@aol.com	Consultant: North of Detroit, MI  INFOLEASE EXPERT - 18 years experience. Since being downsized in 2002, working as a consultant for several leasing companies. Seeking consulting projects nationwide.  E-mail: darwint@prodigy.net
Consultant: Ridgefield CT. Lisa Lersner w/20 years exp. specializing in leasing technology now providinglessor selection andmanagement services, includingthe securing of debt and equity and acquisition guidance services. Email leasefinanceconsulting.com	Communications:Chassell, MI Cartoons on business, finance & computers. Use for your presentations, website, newletter, direct mail projects etc. Fees are negotiable.  Email: dan@danscartoons.com  www.danscartoons.com

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

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

News Briefs---

Wells Fargo Top SBA Lender in 2014 $1.6 Billion, 6th Straight Year in a Row
https://www.wellsfargo.com/about/press/2014/sba-loan-dollars_1107/

House Bipartisan Petition Forces Vote on Ex-Im Bank Reauthorization
http://www.wsj.com/articles/gop-lawmakers-advance-bipartisan-effort-to-reauthorize-ex-im-bank-1444406397

Gov. Jerry Brown Signs Strongest Franchise Protection Rules in the U.S.
http://www.bluemaumau.org/14726/
california%E2%80%99s_governor_brown_
signs_strongest_franchisee_protection_rules_us

Volkswagen Says Diesel Repairs Will Vary
 in Europe and U.S. (Earliest, Next Year to Begin)
http://www.nytimes.com/2015/10/13/business/international/volkswagen-says-diesel-repairs-will-vary-in-europe-and-us.html?ref=business&_r=0

Credit Manager Riverside, CA Ideal Candidate 5 Years Exp. Equip. Leasing & Finance, Prefer Titled Transportation Equipment Exp. Click here for more information www.FFResources.com Nationwide Leasing & Financing of Commercial Fleets

 

 

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--You May Have Missed It

Business Dinner Etiquette That Impresses
http://travel.tripcase.com/blog/business-dinner-etiquette/

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SparkPeople--Live Healthier and Longer

How 10 Vegetables Helped Amy Drop 40 Lbs.
http://www.sparkpeople.com/blog/blog.asp?
post=how_vowing_not_to_lose_weight_helped_amy_slim_down

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THERE WAS A BALL GAME SOMEWHERE 
   by Tim Peeler

Before video parlors, PCs and
Nintendo, on our ragged bicycles
We scrambled to one house or the other—
Hefners, Peelers, then the Swansons who moved
In the neighborhood, sometimes the Coffeys
From church, or the Swansons' friends from their church -
For the really big affairs with full teams,
Baseball games with football scores. Out in the heat
Most of the day, just breaking for lunchtime—
Easy pitches and little guys taking
Big cuts, ghost runners and no catcher, weird
Rules like ground rule doubles for balls driven
Into the short cow pasture fence in left
Or how to play a pop fly that rolled off
The eight-sided parsonage roof or smacked
The huge oak trees in center field or the
Maple in right-center.
Barefoot sometimes, always in shorts only, 
Crew cuts and popsicle stains on our mouths— 
Before Play Station and VCRs there 
Was a baseball game somewhere in dust and 
Sweltering heat, a game to be played by
 Our rules only. 
--- with the permission of the author, from his
book of baseball poetry:
“Waiting for Godot's First Pitch”
   More Poems from Baseball 
available from Amazon or direct from the publisher at: www.mcfarlandpub.com

 

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Sports Briefs----

California becomes first state to ban 'Redskins' as team name for schools
http://www.cbssports.com/nfl/eye-on-football/25336654/california-becomes-first-state-to-ban-redskins-nickname

Warriors acquire land for San Francisco arena
http://www.insidebayarea.com/warriors/ci_28957827/warriors-acquire-land-san-francisco-arena

Kawakami: 49ers show signs of life
http://www.insidebayarea.com/sports/ci_28959199/kawakami-49ers-show-signs-life

Jed York bio removes mention of Jim Harbaugh as part of 49ers success
http://www.ninersnation.com/2015/10/11/9504345/jed-york-bio-removes-mention-of-jim-harbaugh-as-part-of-49ers-success

NFL Coaching Hot Seat Index: Who's in trouble?
http://www.usatoday.com/story/sports/nfl/2015/10/12/hot-seat-index-coaches-jim-caldwell-andy-reid/73817324/

Sarkisian's firing rasies questions about Pat Haden
http://www.ocregister.com/articles/haden-687290-sarkisian-usc.html

 

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California Nuts Briefs---

California cannabis regulations signed into law
http://www.sacbee.com/news/politics-government/capitol-alert/article38464830.html

California to register voters automatically at DMV
http://www.sacbee.com/news/politics-government/capitol-alert/article38684598.html

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“Gimme that Wine”

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

Silver Oak founder Ray Duncan Passes Away
http://insidescoopsf.sfgate.com/blog/2015/10/09/silver-oak-founder-ray-duncan-dies/

Sonoma winemaker Walter Schug, pioneer of pinot noir, dies at 80
http://www.pressdemocrat.com/news/4601624-181/sonoma-winemaker-walter-schug-pioneer

Calif. North Coast grape harvest earliest in years
http://www.northbaybusinessjournal.com/northbay/sonomacounty/4591075-181/north-coast-grape-harvest-earliest#SusiAXgUEVuSjUyD.97

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

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

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

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