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Leasing News is a web site that posts information, news, and
entertainment for the commercial alternate financing,
bank, finance and leasing industries

kitmenkin@leasingnews.org
   




Tuesday, October 11, 2016



Today's Equipment Leasing Headlines

Sorry No Thursday or Friday Edition
Christopher Menkin, Publisher/Editor
Position Wanted – Operations
Work Remotely or Relocate for Right Opportunity
Top Stories: October 3 - October 5
(Opened Most by Readers)
How Many Are New to the Finance Broker Business?
  Raise Your Hands -- by Kit Menkin
New Hires/Promotions in the Leasing Business
  and Related Industries
Leasing Industry Ads---Help Wanted
Ascentium Capital/Bank of Ozarks Finance
“Wants to Get into Leasing ”
 Career Crossroad---By Emily Fitzpatrick/RII
Part III: Starting a Leasing Company and New Markets
  Leasing #102 by Mr. Terry Winders, CLFP
Fastest Drive-Thru Restaurants - Chart
  QSRmagazine.com
NAELB Hosts Successful 2016 Eastern Regional Conference
  Small Conference is Okay at 77, They Report
The Alta Group Advises on Fourth
Equipment Finance Acquisition in 2016
Beagle/Mix
Annapolis, Maryland  Adopt-a-Dog
News Briefs---
Wells Fargo Reshuffles Top Ranks,
    Rallying Around Its No. 2
KMG Says 2016 FinTech Funding to Reach $14.8 Billion
  Acorss 820 Deals in 2016
Guggenheim Partners Announces Sale of Commercial Aviation
     Division to Management Team
CIT Group Plans to Sell Its Aircraft Leasing Unit for $10 Billion
  China Then Has 3rd Largest Aircraft Leasing Firm
Texas Banker’s Game Plan: Ditch Branches, Prosper
Warburg Pincus Agrees to Acquire Ascentium Capital

Broker/Funder/Industry Lists | Features (writer's columns)
Top Ten Stories Chosen by Readers | Top Stories last six months

www.leasingcomplaints.com (Be Careful of Doing Business)
www.evergreenleasingnews.org
Leasing News Icon for Android Mobile Device 

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[headlines]

--------------------------------------------------------------


Sorry No Thursday or Friday Edition
Christopher Menkin, Publisher/Editor

Originally Associate Publisher/Web Master Rick Jones was to construct and issue a Thursday News Edition last week, but due to hurricane Mathew, he flew down to Florida to help his parents through the storm. He was not able to do a Thursday or Friday news edition. Monday was Columbus Day, a federal holiday, and he was also without electricity.

There were many leasing companies who closed during the storm, such as First Financial in Lauderdale by the Sea. No luck in contacting several. Bruce Kropschot in Naples, Florida, was responded, "No problems on the west coast of Florida, Kit. We are praying for the safety of the people on the east coast."  Emily Fitzgerald was back on line Saturday, who responded, "Just rain and wind … I am located about 15-20 min north of Miami and 15 minutes south of Fort Lauderdale – West –Everything is fine – however, we spent so much time preparing – yesterday was spent putting things BACK in order!"

I am back from the National Alliance of Commercial Loan Brokers Conference in Las Vegas, Nevada. Several attendees also flew back to Florida early to be with their families, including Chuck Brazier, TradeRiver, USA.  Report on conference in this news edition.

- Christopher Menkin, Publisher/Editor



[headlines]
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Position Wanted – Operations
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.

Operations

 Dallas/Fort Worth or Will Work Remotely
Leasing Superstar! Unmatched work ethic and positive energy - strong attention to detail - have taken transactions from application through funding.  Have worked as both a broker and a funder. Problem solver - strong sales and customer service personality. I keep the deals moving and alive! Will relocate for the right opportunity. Let's Talk!
laura.noblin@gmail.com
Resume: Laura Noblin Resume Operations

 

 

 

[headlines]
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 Top Stories: October 3 - October 5
(Opened Most by Readers)

(1) 'Warburg Pincus Agrees to Acquire Ascentium Capital
      Extra by Mobile Phone
http://leasingnews.org/Pages/acs_1052016.html

(2) Trends in Leasing
   by Barry S. Marks, Esq., CLFP
http://leasingnews.org/archives/Oct2016/10_03.htm#trends

(3) Top Five Leasing Company Websites in North America
    Plus U.S. Alternate Finance Web Sites
http://leasingnews.org/archives/Oct2016/10_03.htm#top_five

(4) Wells Fargo Illegally Repossessed 413 Service Members' Cars
    — And That's Just the Tip Of The Iceberg
http://ijr.com/2016/10/705686-wells-fargo-illegally-repossessed-413-service-members-cars-and-thats-just-the-tip-of-the-iceberg/

(5) Starting a Leasing Company  Part II
  Leasing #102 by Mr. Terry Winders, CLFP
http://leasingnews.org/archives/Oct2016/10_03.htm#start

(6) The Story Behind Arnold Palmer’s ‘Arnold Palmer’
         (Couldn’t Pass this one Up)
http://www.sonomanews.com/home/6138955-181/the-story-behind-arnold-palmers

(7) Federal Judge Says Payday Loan Mogul Scott Tucker
  and Others on the Hook for $1.266 billion
http://www.kansascity.com/news/local/crime/article105423131.html

(8) Nondisclosure and Confidentiality Agreements
       Career Crossroad---By Emily Fitzpatrick/RII
http://leasingnews.org/archives/Oct2016/10_03.htm#crossroad

(9) Aggregate Funding Sources
(Online: connects lessees, lessors, and vendors)
http://leasingnews.org/archives/Oct2016/10_03.htm#afs

(10 Leasing/Finance/Working Capital/Real Estate Portal
      (Business to Business Direct)
http://leasingnews.org/archives/Oct2016/10_03.htm#portals

http://www.leasingnews.org/Ads/Completed/jkrm_122015.html
(Leasing News provides this ad as a trade for investigative
reporting provided by John Kenny)

[headlines]
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How Many Are New to the Finance Broker Business?
Raise Your Hands -- by Kit Menkin

Eager to Learn and Connect with Funding and Lending Sources

494 attended the Second Annual National Alliance of Commercial Loan Brokers (NACLB) Conference in Las Vegas, Nevada, last week. 374 were mostly business loan, leasing, merchant advance, real estate, working capital loan brokers; 41 companies presenting with 114 funders/lenders; 6 service providers. Many of the brokers were new to the profession, all ages, young to senior, eager to learn and mix. The food at the conference was excellent, including the breakfasts held in the Exhibit Room where you could eat and talk with each other as well as the 41 exhibitors:

ACS
Bank Paragon
BFS Capital
Bloomfield Capital
BoeFly
Celtic Bank
Colony American Finance
Credibly
Credit.Net / InfoGroup
Credit Suite
Durham Commercial Capital
First Home Bank
Fora Financial
Fountainhead Commercial Capital
Freedom Small Business Lending
FundBox
Funding Circle
Fundry
InterNex Capital
Kennedy Funding Financial
LiftForward
Liquid Capital Corp
North Mill Equipment Finance
Pacific Premier Bank
Paradigm Equipment Finance
PMC Commercial Trust
Prime Commercial Lending
Promed Healthcare Financing
Q2 Business Capital
RCN Capital
Ridgestone Bank
S&P Global Market Intelligence
Smart Biz Loans
Stearns Bank
TAB Bank
TEAM Funding Solutions
Tenet Financial
The Credit Junction
The Finance Marketing Group
Trade River USA
Utica LeaseCo
ValueXpress
World Business Lenders
Zions Bank

One of the reasons for the success was the sponsors also got to speak at the main conference events about their company and what they offer, as well as signs and free advertisements in the conference brochure. They were also given applause by the attendees after speaking the main body.


Kris Roglieri, co-founder of NACLB, President/CEO Prime Commercial Lending. who also has other businesses, plus a school for brokers, had many of his graduates in attendance; several long time graduates, active, and working with his company's marketing and source businesses.

Kris was thankful for his staff, who he said did most of the work in putting the conference together, as well as their other duties.  He told me he had no plans on establishing a non-profit association, and wished the National Association of Equipment Finance, National Association of Finance Association, as well as the Certified Leasing and Finance Foundation were in attendance. He said those attending should join them, or get the education benefits they offered.  I echoed that in my panel discussion.

Yes, there were leasing brokers and companies in attendance, including a breakout panel presentation by four leasing funders where questions and answers were available (Don Cosenza, Senior VP & CMO, North Mill Equipment Finance; Tyler Deters, President/CEO, Paradigm Equipment Finance; Ted Reynolds, President, TEAM Funding Solutions; Michael Martinez, Business Development at Utica Lease CO., LLC.) I sat next to Barry Marks, Esq., a long time friend and contributor to Leasing News.

At the conference, I collected a lot of business cards as well as handed out many of mine.

Moderator Michael Rozman, CEO and co-founder, BoeFly. Seated: Bob Coleman, Editor, The Coleman Report; Kit Menkin, Editor, Leasing News; Sean Murray, Chief Editor, deBanked.

On the panel that I was on, “The Reporters Viewpoint,” I took the cue from Kris's introductory speech that the purpose here was to help provide a "Multitude of Solutions." This means to help a customer, you should have the knowledge or resource ability to help them not only with business loans, working capital, leasing, factoring, SBA loans, and real estate financing and re-financing. I explained howcleasing fit in business loan, working capital, even real estate, as well as emphasizing the Fourth Quarter and 179 Deduction availability.

One of the hot discussions concerned Merchant Cash Advance (MCA). Sean Murray wrote in deBanked.com:
"On Wednesday, at the NACLB conference in Las Vegas, Craig McGrain, Co-Founder of NACLB, President of factoring company Durham Funding, hinted on a panel at just how strong that competitive pressure has become. According to him, about 70-80% of their applicants today already have a merchant cash advance. Five years ago, it was only 5% of businesses, he said.

Murray noted, "The numbers may not be all that shocking considering that Funding Circle VP Michael Rabil also said at the conference that 30-40% of their applicants already have an MCA. Funding Circle provides small business term loans up to 36 months.”

It was not a dull conference with many new people in the finance business. Next year I recommend readers attend and see for themselves the new players, the new funders and lenders.

Those interested in the photos, please go here:
https://www.facebook.com/National-Alliance-Commercial-Loan-Brokers-375960395892695/

 


[headlines]
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New Hires/Promotions in the Leasing Business
and Related Industries


Jan Allen Ackerly was hired as Executive Vice President, Chief Credit Officer At Prime Alliance Bank. Previously, he was Chief Lending Officer TAB Bank (July, 2013 – September, 2016); Finance and Acquisitions Wpat Crow (Spara) (2010 – 2013); Senior Vice President, First Bank (January, 2008 – September, 2010); First Vice President, LaSalle Bank, ABN AMRO Bank (2007 – 2008); Vice President, KeyBank (2004 – 2007); Vice President, Assistant Group Manager, Comerica Bank (2001 – 2003); Vice President, Finance / Mergers & Acquisitions American Commercial Holdings (1998 – 2001); Vice President, Comerica Bank (1989 – 2001); Technical Sergeant, the United States Air Force/Ohio Air National Guard (March, 1982 – September, 1993);
General Manager, American Microcom Systems, Inc. (1983 – 1986),
Organizations: Commercial Finance Association, International Factoring Association. Education: The Ohio State University, Bachelor of Science, Business Administration (Finance) (1986 – 1989). Bachelor of Science in Business Administration. Finance and Economics. Comerica Bank Credit College and Analyst Training Program, Graduate, Complete Credit Training in Commercial Banking (1989 – 1991). Commercial Credit Training Program, United States Air Force, Graduate, Basic Military Training (1982 – 1982).
https://www.linkedin.com/in/jan-allen-ackley-61aabb8


Brandon Hannaman was hired as Vice President, Senior Account Executive, Key Equipment Finance, Superior, Colorado. He is located in Sacramento, California. "He is response for equipment financing for mid-market corporations in California, Nevada and Arizona. (His) experience in construction, marine and technology finance as well as experience in real estate, corporate aircraft and corporate lending." Previously, he was Director, Western Region, CIT (August, 2015 - October, 2016); Senior Vice President, GE Commercial Finance (November, 2000 – August, 2015). Education: California State University, Chico, Bachelor of Arts, Business Finance (1996 – 1998). Activities and Societies: Delta Chi Fraternity
https://www.linkedin.com/in/brandon-hannaman-b866b128


Marc A. Howze was appointed Senior Vice President and Chief Administrative Officer John Deere Financial, Moline, Illinois. "He joined the company in 2001 as an attorney. "He later served as senior attorney, senior counsel, and Manager, Business Development, Consumer Equipment Division. Howze was elected Corporate Secretary and Associate General Counsel, Deere & Company, in 2006. In 2008, Howze was assigned to Deere's agricultural marketing group as marketing integration manager. In 2009, he was appointed Factory Manager, John Deere Turf Care, Fuquay-Varina, North Carolina, and was later Global Director, Cotton Harvesting Product Line. Prior to joining John Deere, Howze served in the U.S. Army as an artillery officer and in various capacities as a judge advocate." Education: Fuqua School of Business, Duke University, Master of Business Administration (MBA). US Army Basic Training. University of Michigan Law School, Doctor of Law (J.D.), Law. University of Michigan-Dearborn, Bachelor of Arts (B.A.), Political Science and Government
https://www.linkedin.com/in/marc-howze-862974b


Leesa J. Nichols returns to ATEL Capital Group, San Francisco, as Executive Vice President and National Sales Manager, ATEL Securities Corporation. Dean Cash, President & CEO of ATEL Capital Group said, “We are pleased to have Leesa back with her extensive experience and success in many investment sectors, especially in the alternative space. She will bring a fresh perspective which will help us to continue to provide attractive, investor-centric programs to our broker dealer and advisor partners as well as our investors.” Previously, she was Regional Director, Steben & Company, Inc. (2003 – September, 2016); Divisional Marketing Director, AIG Sun America Retirement Markets, Inc. (2000 – 2003); Regional Vice President, ATEL Securities Corporation (October, 1990 – March, 2000); Marketing Director, Continental Information Systems (1986 – 1989); Regional Director, D.R. Walker Investments, Inc. (1982 – 1986). Volunteer Experience & Causes: Financial Planning Association (FPA,) Active Member. National Association of Personal Financial Advisors. Education: University of Oklahoma
https://www.linkedin.com/in/leesa-j-nichols-24547284


Larry Nogueira was hired as Senior Vice President at Fifth Third Bank. He is based in Houston, Texas. Previously, Vice President, Wells Fargo (January, 2014 – August, 2016); National Sales Leader, GE Capital Dealer Finance (January, 2011 – October, 2012); Regional Sales Manager, GE Capital Commercial Finance (June, 2004 – January, 2011); Relationship Manager, GE Capital Commercial Finance (July, 2000 – June, 2004); Account Manager, GE Capital Fleet Services (December, 1997 – July, 2000); District Rental Manager, Rollins Truck Leasing (July, 1995 – November, 1997). Education: Stephen F. Austin State University, B.B.S. Degree, Business Management, 1995.
https://www.linkedin.com/in/larry-nogueira-69567a7


James Perry was hired as Senior Vice President at Government Perspectives LLC, Bellevue, Washington. He remains Founder, West One Finance, Inc. (July, 2015-Present). Previously, he was President and Facilitator, Taylor Hartman Enterprises (July, 2015 – August, 2016); Executive Vice President, Continental Bank (August, 2013 – July, 2015); President, The Church of Jesus Christ of Latter-day Saints, Virginia, Richmond Mission (2010 – 2013); Finance Executive, Summit Leasing, Inc. (2003 – 2010); Business Development and Credit Analyst, Dolsen Leasing (2002 – 2003); Senior Vice President, D. A Davidson (1999 – 2002); Vice President, KeyBanc Capital Markets (1995 – 1999); Vice President and Manager, Security Pacific Bank/West One Bank (Merger) (1989 – 1995). Certifications: "Color Code/People Code" and "Character Code Facilitator, Taylor Hartman, PHD. General Securities License, Financial Industry Regulatory Authority (FINRA.)  Financial Industry Regulatory Authority (FINRA), License Series 7. Uniform Securities Agent, State Law Financial Industry Regulatory Authority (FINRA.) Financial Industry Regulatory Authority (FINRA), License Series 63
https://www.linkedin.com/in/james-perry-37784967


Damian Purves was promoted to Vice President of Commercial Finance, DLL, Wayne, Pennsylvania. He joined the firm in 2007 and previously was VP Global Account Management. “Commercial finance is a core offering of our global vendor finance business,” states Mark McGovern, senior vice president of commercial finance at DLL. “Damian’s extensive background in vendor program management will help us further align our product offerings and enhance our ability to provide a full suite of innovative, tailored working capital solutions to vendors, dealers and resellers.”  Previously, he was National Sales Manager/ Program Manager, GE Capital (1999 – 2007); Division Manager, IKON Office Solutions (1992 – 1996); Charlotte, Branch Manager, Konica (1990 – 1992.) Languages: Italian. Education: University of South Carolina, Columbia, SC, Bachelor of Arts, Political Science (1978 – 1981) Political Science and Government (BA). Activities and Societies: Gamma Nu Chapter of Sigma Chi Fraternity.
https://www.linkedin.com/in/damian-purves-8bb4778


Cory J. Reed was appointed President of John Deere Financial, Moline, Illinois.  He joined the firm June, 1998, becoming Territory Manager, Product Manager, Division Sales Manager, Factory Marketing Manager; promoted January, 2008, Territory Manager, Product Manager, Division Sales Manager, Factory Marketing Manager; promoted, February, 2009, Director, Global Customer Focus; promoted, May, 2009, Director, Global Strategic Marketing; promoted August, 2011, Director, Global Strategic Marketing. He began his career as Attorney, Jones, Day, Reavis & Pogue (1995 – 1998). Education: The Ohio State University Moritz College of Law, JD (1992 – 1995). Miami University, BS, Finance (1988 – 1992).
https://www.linkedin.com/in/cory-reed-22063421/en 


Bryan Ricafranca was promoted to Senior Sales Manager at Quick Bridge Funding, Irvine, California. He joined the firm April, 2013, as Relationship Manager; promoted February, 2015, Sales Manager. Previously, he was Sales Representative, inTRIMSic (August, 2009 – January, 2013); Customer Service Representative, Pulmuone Wildwood Inc. (February, 2009 – August, 2009). Education: Biola University, Bachelor of Science (BS), Bible/Biblical Studies
(2001 – 2008). Los Altos High (1998 – 2001).
https://www.linkedin.com/in/bryanricafranca


Kristi Webb was elected President, American Automotive Leasing Association (AALA). She is CEO, Element's Fleet Management Business, Toronto, Canada (August, 2015 - Present). She originally started out at GE Capital, rising to Chief Marketing Officer, Telecom (February 1998-Septmeber 2001); moving to GE Plastics as Quality Leader in the Netherlands (September 2001-September 2044); moving back to GE Capital, in Danbury, Connecticut as Strategic Marketing Leader (September 2004-August 2008); then to Dallas/Fort Worth area as Chief Marketing Officer, Equipment Finance (August 2008-August 2009); promoted to General Manager, Dealer finance (August 2009-October 2012); in September, 2012 moving to Eden Prairie, Minnesota, as President and CEO, GE Capital Fleet Services. Certifications: Six Sigma, Master Black Belt. Organizations: American Automotive Leasing Association, Director, Starting February 2013, Vice President, State Government Affairs. Education: West Virginia University, MA, Communications (1982 – 1987). Activities and Societies: Delta Gamma. West Virginia University, Bachelor of Science (B.S.), Audiology/Audiologist and Speech, Language, Pathology, Pathologist
https://www.linkedin.com/pub/kristi-webb/5/568/757 


Ken Wuethrich was hired as Managing Director Industrial Equipment Division at Engs Commercial Finance, Indianapolis, Indiana.  Previously, he was President, Connext Financial (August, 1996 – September, 2016). Education: Indiana University-Purdue University at Indianapolis, Business Administration and Management, General
https://www.linkedin.com/in/ken-wuethrich-a063b510

 

 

[headlines]
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Leasing Industry Ads---Help Wanted Opportunity

Ascentium Capital/Bank of Ozarks Finance


SALES POSITIONS AVAILABLE

We are a premier self-funded small ticket and
middle market full service equipment finance company.
Our compensation programs are aggressive and include full insurance benefits, matching 401k, etc.

Positions are available for well experienced industry
professionals with a minimum production level
of $400k per month in funded business.

Please email your resume to sschachtel@bankozarks.com
or call directly at 973-768-7501

Bank of the Ozarks was recognized as the top performing bank
in the United States, based on financial performance,
five years in a row, 2011-2015.
• Rated as “well capitalized” –
the highest available regulatory rating
• Publicly traded company on the
NASDAQ Global Select Market, symbol OZRK
• Headquartered in Little Rock, Arkansas
• Chartered in March 1903, a 111-year heritage

256 Offices, $18.5 billion in assets, second quarter
2016 net income of over $54 million

www.bankozarks.com/equipment

Bank of the Ozarks


We are an equal opportunity employer and give consideration for employment to qualified applicants without regard to race, color, religion, sex, national origin, sexual orientation, disability status, protected veteran status, or any other characteristic protected by federal, state, and local law. Member FDIC.




[headlines]
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Wants to Get into Leasing
Career Crossroad---By Emily Fitzpatrick/RII

 

Question: I am currently a student graduating next semester. My father used to be in the industry as a Sales Professional and I am interested in following in his footsteps. Do you have advice for someone like me on how to get into the industry?

Answer: Assuming you are interested in jumping right into a Sales role, you will need to approach a company that is open to hiring graduates (aka “greenies”); a company that is willing to train and provide mentorship. However those are few and far between, as most require relationships and/or a book of business to bring to the table Day 1.

However, there are a handful of companies who are looking to hire graduates in order to build a sales team – seek them out! Most are small companies who have programs to train college students.

(There is an EVIDENT TALENT POOL GAP within this industry. We need more employers willing to take this approach in order to BUILD the next generation of good producers and Equipment Leasing/Finance Professionals.)

Another approach is work your way up into a sales role. You may consider an operational-type role where companies are more willing (especially big companies and banks) to hire graduates and put them in “training” e.g. a credit analysis/financial analysis role. Being bank-credit trained is excellent preparation for a business development role where credit plays a vital part of a successful deal/transaction (the ability to understand transaction risks/ramifications, etc… is a +++).

Another position to consider would be in a leasing sales support role, where you may potentially receive mentoring from an individual Sales Team Member and you will learn the ins and outs of lease transactions. 

During this time, take advantage of training programs offered by the company, attend industry conferences - go above and beyond. After a few years, after proving yourself as a valuable asset to the company, you can make the jump. Don’t forget to let your future career goals be known – speak up!

TIP: I always suggest to college-age Candidates to take an internship within the industry they are ultimately seeking to enter. An internship coupled with education (also taking industry classes/training is a ++++) will really give them a running start. 

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

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

 

[headlines]
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Part III: Starting a Leasing Company and New Markets
Leasing #102 by Mr. Terry Winders, CLFP


One way to begin building a portfolio is to arrange a line of credit from your own bank where they are familiar with you. Get a fixed rate and pledge something you own free and clear or something you have equity in to arrange a line where the banker gets to backstop the credit decision but you take the risk. It should be small tax transactions at first with a fair market purchase option or no option at all. If it is short term you do not have to worry about the rate or passing any tax advantages. Most lessees’ use short term tax leases to be able to expense the rent so their tax expense matches their cash expense.

Do not rely on the first few deals to make you any money or do anything but establish yourself with the bank. You need to continue brokering or selling off deals to earn a living. The line of credit should only hold your top credits with lessees that will have repeat business. However you cannot take a credit risk greater than 10% of your line so in the beginning you need to diversify your risk. All of the earnings from the first few years should be used to increase the line by offsetting the equity requirements of the line of credit allowing you to increase the size of the line.

The problem is the tax transactions cannot be too small because they need to throw off enough cash and profit to pay for outside bookkeeping and sales tax returns. For example: a $50,000 tax lease would probably require you to have $5,000 to $10,000 of additional collateral at first. It should decrease as your history of success grows and income begins to build. A transaction of this size should throw off enough cash to pay its cost and you may need to wait until termination for your payoff. Think of it as a retirement program and then once it grows to a size where it’s got a steady income you can branch out into other type of leases and begin your own company.

Remember “fixed” rate lines not variable rate in this time frame. When rates are low as they are now you do not want to get caught in a situation where your cost are growing and your transaction is fixed. Most bankers like variable rates but we are in a fixed rate business so we need to have matched rates.

In addition it appears that the new accounting rules in the near future will create a new leasing industry built on the foundation of rental yards. It appears that any lease of one year or less will still be off the balance sheet so if you could get with a secondary market source or vendor of quality used equipment that is called “hard equipment”, that means not technology driven, and you create a lease with solid maintenance requirements and tight return conditions you may be in the leasing business of the future.

This one year lease with an evergreen clause could create a whole new form of leasing. Most major credits in lots of industries will be looking for this product because it allows them to have lots of equipment without putting the debt on the balance sheet. Everything from material handling equipment to tools will be included. The evergreen clause at the end of the first year will allow the lease to run a natural course of three to five years, making it very profitable for the leasing companies who are prepared to assume the risk of equipment return after the first year of use. Eventually new equipment will be included after history shows what equipment has the staying power and is not returned. The key will be that the rent will have to cover the first years loss in value and the maintenance requirements will need to be very specific and the return conditions detailed.

Looking for new opportunities to apply the proposed new accounting rules to commercial equipment leasing is the future of our industry. Finance leasing or equipment finance will always be with us but the real money will be made by those prepared to move with the times and except new kinds of risk and get much more involved with the “equipment” and not just the credit. Keep your eyes open on how to take advantage of these new opportunities.

Part #I
So You Want To Start a Leasing Company
http://leasingnews.org/archives/Sep2016/09_26.htm#so

Part #II
Starting a Leasing Company
http://leasingnews.org/archives/Oct2016/10_03.htm#start

 

 

[headlines]
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[headlines]
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##### Press Release ############################

NAELB Hosts Successful 2016 Eastern Regional Conference
Small Conference is Okay at 77, They Report


PHILADELPHIA, PA – National Association of Equipment Leasing Brokers, (NAELB), President Mike Parker of Credential Leasing announced that NAELB’s 2016 Eastern Regional Meeting Fine Tune Your Craft, September 16-17, 2016 at the Cincinnati Airport Marriott in Cincinnati, OH was a success with attendees praising the focused networking the event delivered.


Mike Parker
President, NAELB


 “Our attendees appreciated the more intimate networking options we offered for the event,” Parker said. “And their comments following the conference will play a role in NAELB event planning going forward,” he added.
NAELB welcomed 33 Brokers, 40 Funders and four Associates to the event which was held for the first time in the Greater Cincinnati region. A new element, an off-site reception at a Cincinnati Reds game at Great American Ballpark, added interest and enhanced the quality of the networking and provided a blueprint for NAELB to repeat when planning events.


Dale Kluga
President
Cobra Capital

“I prefer low key, regional events like the NAELB conference in Cincinnati because, as a funding source, it allowed us to spend more time with fewer people and get to know each other better,” Dale Kluga, President of Cobra Capital. “The goal with any conference is to have a good ratio of brokers to funders and it was a decent ratio for all involved,” he added.


Mike Miller
Business Development Manager
NCMIC Professional Solutions

“The most productive event was the new speed dating concept,” reported NCMIC Professional Solutions Business Development Manager Mike Miller. “A few appetizers with drinks were all it took for brokers to attend. (The) three-minute rotations from table to table to give our elevator speech drove qualified traffic to our exhibit booth the next morning and created meaningful conversations with brokers to learn more about our company in detail,” he said.
 

Parker said NAELB promised attendees outstanding education and networking activities in Cincinnati, and based on the surveys, NAELB delivered on the promise.

“We learned a lot from our attempt at a Speed Dating session during the 2016 NAELB Annual Conference and we seemed to have found a good formula,” Parker said. “We’ll continue to refine the session and make it even better for those attending the NAELB Western Regional in Anaheim in November.”

NAELB’s 2016 Western Regional will be held November 11-12 at the Doubletree by Hilton Hotel Anaheim-Orange County. In addition to the speed dating session, attendees can learn more about the value of participating in NAELB and they’ll experience a special Opening Reception at Dave & BustersTM

For more information regarding the conference, please visit www.naelb.org or Contact NAELB Meeting Manager, Astrid Schrier, CMP at aschrier@fernley.com

About NAELB
NAELB is the premier organization formed to promote the interests of equipment leasing brokers through education, advocacy, improved communication with funders and programs designed to upgrade the professionalism and profitability of brokers, funders and others engaged in the business of equipment lease financing. NAELB is an association formed by leasing brokers for leasing brokers. The NAELB is the Broker's Advocate. For more information, visit www.naelb.org

 


(Leasing News provides this ad “gratis” as a means
to help support the growth of Lease Police)


[headlines]
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### Press Release ############################

The Alta Group Advises on Fourth
Equipment Finance Acquisition in 2016

    

GLENBROOK, NV, – The Alta Group announced that it served as financial advisor to Indianapolis-based Connext Financial, Ltd. in its recent acquisition by Engs Commercial Finance Co. of Lisle, IL.  Connext Financial is a leading lender in industrial equipment finance and will become the Industrial Equipment Division of Engs Commercial Finance Co.  The business will continue to be led by Ken Wuethrich, managing director, and David Stearns, senior vice president.

Engs Commercial Finance Co. is one of the oldest and largest independent commercial finance companies, and its transportation finance vertical is recognized as one of the leaders in its market segment.  Commenting on the acquisition, Craig Weinewuth, president & CEO of Engs Commercial Finance Co., indicated that the combined companies will originate $500,000,000 in annual lease and loan originations.


Bruce Kropschot, senior managing director and Merger and Acquisition Advisory Practice leader for The Alta Group, noted that the Connext-Engs transaction was the fourth equipment finance company acquisition in 2016 in which The Alta Group played an important role. 


Bruce Kropschot
Senior Managing Director
Merger and Acquisition Advisory Practice
The Alta Group


 “We continue to see substantial interest in the acquisition of successful equipment leasing and finance companies,” added Bruce Kropschot. “Prices continue to be attractive to sellers, and we expect to complete several more M&A transactions before the end of the year.  Because of the active M&A market, The Alta Group has expanded its M&A staff, with experienced leasing veterans Jim Jackson and Patricia Voorhees filling important roles in serving our M&A advisory clients.”

 Following are the other recent transactions:

    •   In July, Atalaya Capital Management LP of New York City announced that funds managed by Atalaya had completed the acquisition of CG Commercial Finance of Irvine, CA.  Atalaya is a privately held alternative investment advisory firm.  CG Commercial Finance provides highly customized lease and finance solutions to large corporations for diverse assets typically costing more than $1 million, including equipment used in transportation, industry, distribution, mining, energy and technology.  The Alta Group represented Atalaya Capital Management and provided due diligence services in support of this acquisition.
    •   In March, BofI Federal Bank of San Diego acquired approximately $140 million of equipment leases and assumed certain operations of Salt Lake City-based Pacific Western Equipment Finance, which was owned by Pacific Western Bank.  BofI Federal Bank is a subsidiary of publicly owned BofI Holding Inc.  The acquired business provides financing to middle market companies for essential-use equipment ranging in cost from $250,000 to $5,000,000.  The Alta Group assisted BofI Federal Bank in this acquisition by providing due diligence services.
    •    In January, Liberty Financial Group, Inc. of Hatfield, PA was acquired by Navitas Credit Corp. of Ponte Vedra, FL.  Liberty Financial Group provides financing for vocational vehicles and related equipment in the transportation, construction, tree and landscape and other specialty markets.  Navitas provides financing to small and medium sized businesses nationally through referral programs with equipment vendors, lease brokers and strategic alliances.  The Alta Group initiated this acquisition and served as exclusive financial advisor to Liberty Financial Group.

About The Alta Group

The Alta Group is the leading global consultancy dedicated exclusively to the business of equipment leasing and asset finance. Since 1992, Alta has represented equipment leasing and finance companies, financial institutions, manufacturers and service providers, offering management consulting and expertise in global market entry, vendor and captive finance, professional development, legal services, asset management, mergers and acquisitions, and digital business advisory services. For information on the group’s services in the United States and Canada, Latin America, Europe, the Middle East and Africa, and Asia Pacific, visit http://www.thealtagroup.com

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

 


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

 

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Fernando's View
By Fernando F. Croce

A lustrous storybook (“Miss Peregrine’s Home for Peculiar Children”) and engrossing true-story action (“Deepwater Horizon”) make for a contrasting double-bill in theaters, while DVD releases include science-fiction (“Star Trek Beyond”), sardonic suspense (“Blood Simple”) and a most unusual Western classic (“Johnny Guitar”).

In Theaters:


Miss Peregrine’s Home for Peculiar Children (Twentieth-Century Fox): Director Tim Burton (“Edward Scissorhands”) adds to his unique gallery of cinematic outcasts with this lustrous adaptation of Ransom Rigg’s popular novel. Eva Green stars as Miss Peregrine, an outwardly severe yet loving headmistress who runs the titular sanctuary for young outsiders in Wales. Her latest visitor is Jake (Asa Butterfield), a teenaged traveler who, equipped with an enigmatic clue given by his late grandfather, seeks the truth about tragic events back home. What he finds is a slew of students with fanciful powers, whose friendly magic stands in stark contrast with the dark powers of the Wigths—scary humanoids who feast on children’s eyes, led by the shapeshifting Mr. Barron (Samuel L. Jackson). With his blend of dark quirk and playfulness, Burton brings this storybook to shimmering, idiosyncratic life.


Deepwater Horizon (Summit Entertainment): A true tale of heroism gets a stirring big-screen treatment in this white-knuckle disaster drama, vigorously directed by Peter Berg (“Lone Survivor”). Based on the 2010 explosion and oil spill in the Mexican Gulf, the narrative centers on Mike Williams (Mark Wahlberg), an electronics technician who, along with his crew, finds himself at the center of a catastrophic mishap that turns the oil rig into a hellish pitfall. While working-class roughnecks struggle to save lives, the rich petrol executives (John Malkovich) worries mostly about money and schedules. In the middle of it all is everyman Mike, trying to stay alive long enough to see his wife (Kate Hudson) again. Often playing like a muscular retread of such ‘70s disaster films as “The Towering Inferno,” Berg’s film engrosses as a portrait of gritty action.

Netflix Tip:A familiar face in director Spike Lee’s films, Bill Nunn (1952-2016) lent a commanding presence to his screen roles, equally adept at toughness and sensitivity. So check out his best film roles with Netflix, including “Do the Right Thing” (1989), “Regarding Henry” (1991), “He Got Game” (1998), “Spider Man” (2002) and “Idlewild” (2006).

On DVD:

Star Trek Beyond(Paramount): Justin Lin (“Fast & Furious”) takes over directing duties from J.J. Abrams for the energetic newest installment in the popular science-fiction series. Picking up where “Star Trek Into Darkness” left off, the plot finds the crew of the Enterprise spaceship stranded in strange territory following a surprise attack from the nefarious Krall (Idris Elba). Making their way through the dangerous alien forms in this dangerous planet, Captain Kirk (Chris Pine) and Commander Spock (Zachary Quinto) struggle to survive while ensuring that their nemesis keeps away from a priceless artifact. Keeping the story moving at a breathless pace, Lin brightens the mood of the previous “Star Trek” chapter while giving breathing space for such returning characters as Uhura (Zoe Saldana) and Scott (Simon Pegg). The results should keep space fans satisfied until the next “Star Wars” movie.


Blood Simple (Criterion): Before becoming part of cinema’s most respected directors, Ethan and Joel Coen (“The Big Lebowski”) got started in 1984 with this low-budget but ingenious thriller, which brings film noir conventions to the darkest corners of Texas. Coen muse Frances McDormand stars as Abby, a young housewife whose affair with another man (John Getz) is discovered by her loathsome husband Julian (Dan Hedaya). What begins as a treacherous triangle turns more complicated when the corrupt private detective Julian had hired (M. Emmett Walsh, in an unforgettably slimy performance) muscles in on the illicit lovers. All the while, the Coens’ camera ruthlessly surveys the characters with a sardonic precision of a honky-tonk Stanley Kubrick. What follows is a tight blend of suspense and humor that already showcases plenty of the filmmakers’ uniquely sardonic style and worldview.


Johnny Guitar (Olive Films): There are plenty of great Westerns made in the 1950s, but none is stranger or more uniquely subversive than this remarkable 1954 classic, directed by the great Nicholas Ray (“Rebel Without a Cause”). The titular cowboy (played by Sterling Hayden) is a former gunslinger hoping to settle down and wandering right into the middle of an Old West land dispute, but the focus really is on his old flame, Vienna (Joan Crawford). The tough owner of the local saloon, she has got her hands full with a handsome bandit known as The Dancin’ Kid (Scott Brady) as well as a bloodthirsty rival (Mercedes McCambridge). Amidst the bullets and posses, however, a tender reunion between the two estranged lovers takes place. Making remarkable use of color, stylized dialogue and performances, Ray’s baroque masterpiece deserves a special place in the hearts of movie buffs everywhere.

 

[headlines]
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Beagle/Mix
Annapolis, Maryland  Adopt-a-Dog


Lucy
ID: 33318867

Female
Age: 11 months 12 days
Size: Medium
Color: Black/White
Spayed
Declawed: No
Housetrained: Unknown
Site: The SPCA of Anne Arundel County
Location: Dog Room
Intake Date: 8/26/2016
Stage: Available

SPCA of Anne Arundel County
1815 Bay Ridge Avenue
Annapolis, MD 21403
410-268-4388
More Information:
http://www.aacspca.org/hours-directions

http://www.adoptapet.com/

 

[headlines]
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Updated

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
Chiesa Shahinian & Giantomasi
West Orange, New Jersey
http://www.csglaw.com/biographies/frank-peretore 
Phone 973-530-2058
fperetore@csglaw.com
(Experienced leasing attorney, aggressive, author, active
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, Partner
Latimer LeVay Fyock LLC
55 W Monroe St
Suite 1100
Chicago, IL 60603
Work: 312.667.1354
Cell: 847.840.4687
Email: ktrabaris@llflegal.com
llflegal.com/attorneys/kevin-trabaris
"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)

 

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

[headlines]
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News Briefs---

Wells Fargo Reshuffles Top Ranks,
    Rallying Around Its No. 2
http://www.nytimes.com/2016/10/11/business/dealbook/wells-fargo-reshuffles-top-ranks-rallying-around-its-no-2.html?ref=business 

KMG Says 2016 FinTech Funding to Reach $14.8 Billion
  Across 820 Deals in 2016
https://www.zacks.com/stock/news/234027/what-you-need-to-know-about-financial-technology-fintech-today

Guggenheim Partners Announces Sale of Commercial Aviation
     Division to Management Team
https://www.guggenheimpartners.com/firm/news/guggenheim-partners-announces-sale-of-commercial-a

CIT Group Plans to Sell Its Aircraft Leasing Unit for $10 Billion
  China Then Has 3rd Largest Aircraft Leasing Firm
http://www.nytimes.com/2016/10/07/business/dealbook/cit-group-plans-to-sell-its-aircraft-leasing-unit-for-10-billion.html?_r=0

Texas Banker’s Game Plan: Ditch Branches, Prosper
Warburg Pincus Agrees to Acquire Ascentium Capital
http://www.wsj.com/articles/texas-bankers-game-plan-ditch-branches-prosper-1475593203


[headlines]

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--You May Have Missed It

Coastal Animals Evacuated Ahead of
     Hurricane Matthew
http://www.foxnews.com/us/2016/10/07/coastal-critters-evacuated-ahead-hurricane-matthew.html


--------------------------------------------------------------

Baseball Poem

 The Catchers Learns the Motion
by Tim Peeler


and is often the hub of the movements,
he reads the Morse code of the pitcher
and returns the speech of the dumb,

he loves the sphere and its ridges,
rips it from the tight mitt
with or against the seams
whistles it from a frog squat.

the catcher learns
he is the hat of the hat dance,
the pitcher may think himself
the center of gravity,
but the catcher
waits at the apex of the great angles,

slaps the leather trap
on the errant razor
as it spits up from the dust.

the catcher imprints the motions of the hitters,
checks the rhythm of their passages,
knows he must slip an extra measure
at the end of their cha-cha-cha,

the catcher is the great disturber,
can cock twice on his return throw,
spit on the plate, call for the "buzzer"
block the ump's clear visage,

bilingual kamikaze
chattering like a wired chimp,
muttering with silent busted digits,
sacrificing legs
to the varicose crouch and
the ruinous crunch
of the few that get through
to thin armor .

Touching All Bases
Poems from Baseball
Tim Peeler
www.mcfarlandpub.com


[headlines]

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Sports Briefs----

NFL Football Ratings Down 12% to 17% per Channel
http://www.rapidtvnews.com/2016100944608/nfl-fumbles-its-ratings-this-season.html?utm_campaign=nfl-fumbles-its-ratings-this-season&utm_medium=email&utm_source=newsletter_1112#axzz4Mc4ysme1

Colin Kaepernick Is Not Causing the NFL Ratings Decline
http://thebiglead.com/2016/10/06/colin-kaepernick-is-not-causing-the-nfl-ratings-decline/  

 

Woods to withdraw from Safeway Open in California
http://www.sacbee.com/sports/golf/article107307767.html

Moving on from Tony Romo, embracing Dak Prescott is Cowboys' best option
http://www.usatoday.com/story/sports/columnist/nancy-armour/2016/10/10/tony-romo-dak-prescott-jerry-jones-dallas/91874424/

 

[headlines]
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California Nuts Briefs---

Climate Change Blamed for Half of Increased Forest Fire Danger
http://www.nytimes.com/2016/10/11/science/climate-change-forest-fires.html

Fuel trains in Wine Country town ignite standoff
http://www.sfchronicle.com/bayarea/article/Fuel-trains-parked-in-Sonoma-area-Wine-Country-9958555.php?cmpid=gatehp



[headlines]
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“Gimme that Wine”

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

Bronco to launch America's first wine using the innovative Helix total packaging solution
https://www.winebusiness.com/newReleases/?go=getArticle&dataid=175387

Custom vintner Bin to Bottle adds Rutherford winery, plans big Napa expansion
http://www.northbaybusinessjournal.com/northbay/napacounty/6167750-181/bin-to-bottle-napa-winery?artslide=0

North Coast grape growers seeking more machines to replace vineyard workforce
http://www.pressdemocrat.com/business/6160754-181/north-coast-grape-growers-seeking?artslide=0

France’s Wine Output to Slump to 4-Year Low
http://www.bloomberg.com/news/articles/2016-10-07/france-s-wine-output-to-slump-to-4-year-low-as-vineyards-ravaged

Wine Grape Harvest Underway In The Umpqua Valley
http://www.opb.org/news/article/wine-grape-harvest-underway-in-the-umpqua-valley/

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

[headlines]
----------------------------------------------------------------

This Day in American History

  

    1614 – Adriaen Block and 12 Amsterdam merchants petitioned the States General in Amsterdam for exclusive trading rights in the New Netherland colony in North America, a 17th-century colonial province that was located on the East Coast that extended from the Delmarva peninsula to extreme southwestern Cape Cod, while the more limited settled areas are now part of the Mid-Atlantic States with small outposts in Pennsylvania and Rhode Island.  The colony was conceived as a private business venture to exploit the fur trade with the native tribes.
    1767 - Surveying for the Mason-Dixon Line, the border between Pennsylvania and Maryland was completed.  The survey was conducted between 1763 and 1767 by Charles Mason and Jeremiah Dixon in the resolution of a border dispute involving Maryland, Pennsylvania, and Delaware in the colonies.  Royal Charter grants gave overlapping territories and the survey was the result of negotiations begun after the problem was discovered in 1681.
    1776 - Brigadier General Benedict Arnold, with a force of 15 gunboats, attempted to block the British from New York at the battle of Valcour Island. The British under Carleton pursued Arnold over two days after which practically all Arnold's ships were destroyed.
    1779 - The Polish nobleman Casimir Pulaski was killed fighting for American independence at the battle of Savannah, Georgia. He is credited with many cavalry victories and assistance in battle. This day honors his memory.
http://www.chipublib.org/003cpl/pulaskibiog.html
    1809 - Along the Natchez Trace in Tennessee, explorer Meriwether Lewis died under mysterious circumstances at an inn called Grinder's Stand.  On September 3, 1809, Lewis set out for Washington, DC, where he hoped to resolve issues regarding the denied payment of drafts he had drawn against the War Department while serving as governor of the Upper Louisiana Territory, leaving him in potentially ruinous debt. Lewis carried his journals with him for delivery to his publisher. He decided to make an overland journey via the Natchez Trace, an old pioneer road, and then east to Washington. Robbers preyed on travelers on that road and sometimes killed their victims.  After dinner, he retired to his one-room cabin. In the predawn hours of October 11, the innkeeper's wife heard gunshots. Servants found Lewis badly injured from multiple gunshot wounds, one each to the head and gut. He bled out on his buffalo hide robe and died shortly after sunrise. The Nashville Democratic Clarion published the account, which newspapers across the country repeated and embellished. The Nashville newspaper also reported that Lewis's throat was cut.  Money that Lewis had borrowed from Major Gilbert Russell at Fort Pickering to complete the journey was missing.
    1811 - Revolutionizing transportation and commerce, engineers John Stevens and Robert Livingston Stevens, father and son, launched the first steam-propelled ferryboat, “Juliana,” between Hoboken, NJ and New York City.
    1844 – Henry J. Heinz (d. 1916) was born in Pittsburgh.  Founded the H.J. Heinz Company.  He began packing foodstuffs on a small scale in 1869. There he founded Heinz Noble & Company with a friend, L. Clarence Noble, and began marketing horseradish. The company went bankrupt in 1875, but the following year Heinz founded another company, F & J Heinz, with his brother John Heinz and a cousin Frederick Heinz. One of this company's first products was tomato ketchup.  The company continued to grow, and, in 1888, Heinz bought out his other two partners and reorganized the company as the H.J. Heinz Company, the name it carries to the present day.
    1846 - A very intense hurricane caused great destruction on the Florida Keys. Key West was virtually destroyed with 5 feet of water reported in the city. Fort Taylor was reduced to ruins.
    1862 - Confederate cavalry leader General J.E.B. Stuart loots Chambersburg, Pennsylvania on a daring raid in the aftermath of the Battle of Antietam. Stuart left Virginia on October 9 with 1,800 cavalrymen. At the time, the Union Army of the Potomac was still camped in western Maryland. Its commander, George McClellan, was reluctant to pursue General Robert E. Lee's Army of Northern Virginia back across the Potomac after Antietam on September 17. Stuart was trying to gather information on McClellan's army and harass his supply lines. As the Rebels rode through Maryland, they captured any male travelers they saw in order to keep their activities secret, though Stuart refused to detain women. On the evening of October 10, the Confederate troopers entered Chambersburg. About half of the supplies for the Union army came through the rail center, and Stuart planned to destroy a railway bridge in the town. Local officials fled, and there were no Federal troops to be found when Stuart's men rode in on the evening of October 10. On the morning of October 11, they began cutting telegraph lines, seizing horses and any supplies they could carry, and destroying everything else. The railway bridge proved to be more than the Rebels could handle. Attempts to destroy the steel structure failed, and Stuart ordered his men to turn back to Virginia by the afternoon of October 11.  Stuart's men headed back through Emmitsburg, Maryland, where he learned that a Federal cavalry force was waiting for him at Frederick, 20 miles south. Stuart used backroads and wove between two Union forces before crossing the Potomac River on October 12. The three-day raid covered nearly 130 miles, netted 1,200 horses, and captured 30 local officials to be exchanged for Confederate civil prisoners. Stuart also destroyed many machine shops at the rail center in Chambersburg. His force suffered just one man wounded and two missing.
    1865 - President Andrew Johnson paroles Confederate States of America Vice-President Alexander Stephens
http://www.aoc.gov/cc/art/nsh/stephens.htm
http://www.npg.si.edu/exh/brady/gallery/98gal.html
http://www.civilwarhome.com/stephens.htm
http://hometown.aol.com/jfepperson/aleck.html
    1868 - Thomas Edison received a patent for his first invention, the electric voice machine.
    1881 - David Henderson Houston of Cambria, IW, obtained a patent for a “photographic apparatus,” popularized as the name “film roll.” He had a camera with a receptacle or box at its inner end containing a “roll of sensitized paper or any other suitable tissue, such as gelatin or any more durable material that may be discovered, and an empty reel, upon which the sensitized band is wound as rapidly as it has been acted upon by the light.” The purpose of the camera was “to facilitate taking a number of photographic views successively in a short time.” In 1884, George Eastman of Rochester, NY, obtained a patent for paper-strip photographic film, consisting of paper coated with an insoluble sensitive gelatin emulsion, and in 1888 he introduced it in a box camera and thus the “Kodak Moment” was born.
    1884 - Birthday of Anna Eleanor Roosevelt (d. 1962), wife of Franklin Delano Roosevelt, 32nd president of the US, was born at New York, NY. Roosevelt was a member of the prominent American Roosevelt and Livingston families and a niece of President Theodore Roosevelt.  FDR was her fifth cousin once removed, whom she married in 1905. She led an active and independent life and was the first wife of a president to give her own news conference in the White House (1933). Widely known throughout the world, she was affectionately called “the first lady of the world.” She served as US delegate to the United Nations General Assembly for a number of years before her death at New York, NY, Nov 7, 1962.  A prolific writer, she wrote in “This Is MyStory,” “…No one can make you feel inferior without your con­sent…”
(lower half of: http://memory.loc.gov/ammem/today/oct11.html )
    1887 - Dorr Eugene Felt received a patent for the "Comptometer," which was the first adding machine known to be absolutely accurate all the time.
    1887 - Alexander Miles patented an improved elevator.
http://inventors.about.com/library/inventors/bl_Alexander_Miles.htm
    1887 - Birthday of William F. “Willie” Hoppe (d. 1959), billiards champion born in Cornwall on the Hudson, NY. He won tournaments from age 18 until age 64.
    1890 - In Washington, D.C., the Daughters of the American revolution was founded. A lineage-based membership service organization for women who are directly descended from a person involved in the United States' struggle for independence.  A non-profit group, they work to promote historic preservation, education, and patriotism. The organization's membership is limited to direct lineal descendants of soldiers or others of the Revolutionary period who aided the cause of independence; applicants must have reached 18 years of age and are reviewed at the chapter level for admission. It currently has approximately 180,000 members in the United States and in several other countries.1890 - John Owens ran the first 100-yard dash under 10 seconds at an AAU track meet in Washington. Owen's time was 9.8 seconds.
    1899 – In Major League Baseball, the Western League was renamed the American League.  A minor league originally founded on February 11, 1885, and focused in the Midwest, after several failures and reorganizations, the most notable version of the league was organized by Ban Johnson on November 20, 1893. With the new name, it declared its Major League status in 1901 against the older National League of 1876, which was centered in the American Northeast states.  After the 1899 season, the National League announced it was dropping four of its franchises, reducing its membership from 12 to 8 teams, eliminated were: Baltimore, Cleveland, Louisville and Washington. This afforded an opportunity for the Western circuit to expand into those vacated cities.  The League pledged to stay out of Philadelphia and St. Louis unless the National League started a fight. The teams in the League at this time were:

  • Detroit Tigers (only Western League charter member remaining in its original city; retains original team name).
  • Chicago White Sox.
  • Milwaukee Brewers (became St. Louis Browns (1902), Baltimore Orioles, (1954).
  • Cleveland Blues, 1900 (known as Cleveland Broncos by 1902, Cleveland Naps from 1903, and named Cleveland Indians, 1915).
  • Kansas City Blues (Washington Senators, 1901 and Minnesota Twins, 1961.
  • Buffalo Bisons were dropped in 1901 for Boston Americans.
  • Minneapolis Millers dropped 1901.
  • Indianapolis Indians dropped 1901. 

    1906 – San Francisco public school board sparked a diplomatic crisis between the United States and Japan by ordering Japanese students to be taught in racially segregated schools.
    1910 - Former President Theodore Roosevelt became the first U.S. President to fly in an airplane. He flew for four minutes with Arch Hoxsey in a plane built by the Wright Brothers at Kinloch Field, St. Louis.
    1918 - Choreographer Jerome Robbins (d. 1998) was born New York City. One of the few modern choreographers to have conquered both classical ballet and the Broadway stage. His hits included “West Side Story,” “Gypsy,” and “Fiddler on the Roof.”
    1919 – Birthday of jazz Drummer Art Blakey (d. 1990), Pittsburgh, PA. Credited as one of the creators of bebop, best known as the founder of the Jazz Messengers. The band was a proving ground for some of the best modern jazz musicians, including Horace Silver, Hank Mobely, Freddie Hubbard, Wayne Shorter, Sonny Rollins, Wynton Marsalis, and Branford Marsalis.
http://www-music.duke.edu/jazz_archive/artists/blakey.art/02/
    1925 - An early season snowstorm dumped up to 2 feet of snow in New Hampshire and Vermont.
    1925 - Birthday of novelist Elmore Leonard (d. 2013), New Orleans, LA. He first started writing Westerns, churning out eight. One of his books, “Hombre”(1961), was voted one of the best 25 westerns of all time by the Western Writers of America. It was made into a film in 1967. Leonard married and had five children. To support the family, he worked as a copywriter at an advertising agency full time and on his novels every morning between 5 a.m. and 7 a.m. Westerns peaked in popularity in the late 1960s, so he turned to detective fiction. His first mystery, “The Big Bounce”(1969), was rejected by 84 publishers before it was published as an original paperback. Meanwhile, Leonard began writing educational films for Encyclopedia Britannica. In the 1980s and 90s, the quality of his writing and originality of his plots finally began to gain serious recognition among critics, who had previously dismissed his work as typical western or mystery-suspense fare. By 1983, he had written 23 novels, including “Fifty-Two Pickup”(1974), “Swag”(1976), and “Stick”(1983), which became a bestseller. His 1992 novel, “Rum Punch,” was made into the movie “Jackie Brown,”directed by Quentin Tarantino. His 1990 novel, “Get Shorty,”was made into a movie starring John Travolta in 1995.
http://www.randomhouse.com/features/elmoreleonard/about/
http://www.authorsontheweb.com/features/authormonth/
0201leonard/leonard-elmore.asp

http://www.elmoreleonard.com/
    1939 - Tenor saxophonist Coleman Hawkins records the great jazz class, “Body and Soul.”
    1944 - The murder-romantic classic, “Laura,” starring Gene Tierney, Dana Andrews, Clifton Webb, and Vincent Price, opened in United States theaters. Based on the Vera Caspary novel, the film also featured David Raksin's haunting theme. Rouben Mamoulian started directing the film, then Otto Preminger took over. Joseph LaShelle's lush black-and-white cinematography earned an Oscar. Webb's performance was critically acclaimed, and he was nominated for a Best Supporting Actor Oscar. Preminger, too, received a nomination for Best Director.
    1944 - No. 1 Billboard Pop Hit: "I'll Walk Alone," Dinah Shore.
    1946 – Daryl Hall, of Hall & Oates, was born Daryl Franklin Hohl in Pottstown, PA.  Hall & Oates have sold more albums than any other duo in music history and they were inducted into the Rock and roll Hall of Fame in 2014. 
    1947 – Thomas Boswell was born in Washington, DC.  He has spent his entire career with The Washington Post, becoming a Post columnist in 1984, writing primarily about baseball.
    1950 - CBS's mechanical color system became the first licensed for broadcast by the FCC.
    1951 - Top Hits
“Because of You” - Tony Bennett
“I Get Ideas” - Tony Martin
“Cold, Cold Heart” - Tony Bennett
Always Late (With Your Kisses) - Lefty Frizzell
    1954 - Chicago, IL was deluged with 6.72 inches of rain in 48 hours with up to 10 inches reported. The Chicago river flooded with damage of $10 million.
    1958 - Spencer Tracy was virtually the whole movie in “The Old Man and the Sea,” which opened in United States theaters on this date. Based on Hemingway's novel, critics were of mixed opinion on the film. Dimitri Tiomkin's expressive score later won an Oscar.
    1959 - Top Hits
“Mack the Knife” - Bobby Darin
“Put Your Head on My Shoulder” - Paul Anka
“Teen Beat” - Sandy Nelson
“The Three Bells” - The Browns
    1961 - Birthday of San Francisco 49er Hall of Fame quarterback Steve Young, Salt Lake City, Utah.  He played 15 seasons in the NFL and retired with the highest passer rating among NFL quarterbacks with at least 1,500 passing attempts (96.8). As of October, 2015, he is ranked fourth all-time, and is ranked highest amongst retired players. His 43 career rushing touchdowns is second among quarterbacks, while his 4,239 rushing yards ranks third all time.  Young also won a record six NFL passer rating titles. Young was named the NFL's MVP in 1992 and 1994, and was the MVP of Super Bowl XXIX, after leading the San Francisco 49ers to their last Super Bowl win, defeating San Diego, 49-26. He threw a Super Bowl-record six touchdown passes, and completing 24 out of 36 passes for 325 yards. He is a member of the College Football and Pro Football Halls of Fame.
    1961 - “David Brinkley's Journal” premiered. Newscaster David Brinkley anchored this NBC public affairs show which covered a range of issues, both serious and light. There were also filmed features. “Journal” won both an Emmy and a Peabody in 1962 and was widely respected by the critics.
    1964 - In Game 4 of the World Series, Ken Boyer's sixth inning grand slam off Yankee starter Al Downing gives the Cardinals a 4-3 victory over the Yankees. The St. Louis third baseman is the second National Leaguer to hit a post-season bases-loaded round-tripper.
    1965 – “El Duque,” Orlando Hernandez was born Orlando Hernandez Pedroso in Villa Clara, Cuba.  His greatest success came as a New York Yankees starter during that team's run of World Series championships in 1998-2000. He also won a championship in 2005 with the Chicago White Sox. He is the half-brother of pitcher Livan Hernandez, who defected in 1995. On Christmas Day, 1997, Hernández defected, departing on a boat that was interdicted by the U.S. Coast Guard in Bahamian waters, delivering the entire party to Bahamian authorities in Freeport, who confined them in a detention center for illegal immigrants pending eventual repatriation to Cuba, the usual outcome of such cases.  Hernández eventually accepted an offer of asylum in Costa Rica. If he had immediately become a U.S. resident, he would have been subject to baseball's regular draft and could only have negotiated terms with the team that picked him. As a non-U.S. resident, however, he was able to negotiate as a free agent. After two months in Costa Rica, Hernández entered the U.S. on a visa arranged by the New York Yankees, with whom he had negotiated a four-year, $6.6 million contract.  He compiled a 90-65 record with a 4.13 ERA and 1086 strikeouts over his 10-year career.  His postseason record is 9-3 having won his first 8 decisions while with the Yankees.
    1966 - No. 1 Billboard Pop Hit: "Reach Out, I'll Be There," The Four Tops.
    1967 - Top Hits
“The Letter” - The Box Tops
“Never My Love” - The Association
“Little Ole Man (Uptight-Everything's Alright)” - Bill Cosby
“Turn the World Around” - Eddy Arnold
    1968 - Another gold record for Aretha Franklin. Her seventh is her recording of Burt Bacharach and Hal David's "I Say a Little Prayer."
    1968 – NASA launched Apollo 7, the first successful manned Apollo mission, with astronauts Wally Schirra, Donn Eisele and Walter Cunningham aboard.
    1969 - Grand Funk Railroad's debut LP, "On Time," enters the chart at #65, much to chagrin of rock critics, who launch an all-out assault on the group. Within the year, Grand Funk will be among the best-selling acts in rock history.
    1969 – Muddy Waters was severely injured in a car crash just outside Chicago that left three other passengers dead. Waters was absent from music for about a year, and will rarely stand up on stage again.
    1971 - Hugh Downs left his spot at the "Today" show and "Concentration", "...to spend the next year or so just milling around." He would come back as a part of ABC's "20/20," which he has hosted since its second show.
    1972 – A race riot occurred on the aircraft carrier Kitty Hawk off the coast of Vietnam.
    1975 - Top Hits
“Bad Blood” - Neil Sedaka
“Calypso/I'm Sorry” - John Denver
“Mr. Jaws” - Dickie Goodman
“Blue Eyes Crying in the Rain” - Willie Nelson
    1975 - “Saturday Night Live” Premiered on TV with guest host George Carlin. The very first musical guest was Billy Preston, who performed his hit "Nothing from Nothing." Later in the show, Janis Ian performed her hit "At Seventeen." Through the years, this show has been through numerous cast, writing, producing and musical staff changes. However, its format has remained the same: skits, com­mercial parodies, recurring characters and news parodies, with a different guest host and musical guest performing every week— live. It used to be known for its outrageous comedy topics and parodies that almost bordered on slander, and for having the best in unusual musical groups. Its title was originally titled “NBC's Saturday Night,” with its first host being comedian George Car­lin. Notable cast members included: Chevy Chase, Dan Aykroyd, John Belushi, Jane Curtin, Garrett Morris, Laraine Newman, Gilda Radner, Bill Murray, Joe Piscopo, Eddie Murphy, Mary Gross, Tim Kazurinsky, Julia Louis-Dreyfus, Jim Belushi, Billy Crystal, Martin Short, Christopher Guest, Harry Shearer, Joan Cusack, Robert Downey, Jr, Nora Dunn, Jon Lovitz, Dana Car­vey, Phil Hartman, Jan Hooks, Victoria Jackson, Dennis Miller, Chris Farley and Kevin Nealon. The show really takes off the following week when it highlighted by the reunion of host Paul Simon with his former partner, Art Garfunkel
http://www.saturday-night-live.com/snl/guestsbyseason.html
http://www.nbc.com/Saturday_Night_Live/about/index.html
http://www.saturday-night-live.com/snl/castsbyseason.html
    1976 – President Gerald Ford approved a joint congressional resolution that posthumously appointed George Washington to the grade of General of the Armies, 177 years after his death.
    1976 - No. 1 Billboard Pop Hit: "Disco Duck (Part 1)," Rick Dees & His Cast of Idiots. A morning DJ at Memphis, Tenn., radio station WMPS, Dees gets fired when he mentions his novelty song on the air.
    1983 - Top Hits
“Total Eclipse of the Heart” - Bonnie Tyler
“Making Love Out of Nothing at All” - Air Supply
“King of Pain” - The Police
“Don't You Know How Much I Love You” - Ronnie Milsap
    1984 - Kathryn D. Sullivan became the first United States female astronaut to walk in space when she exited the space shuttle Challenger. Attached only by a narrow life-support tether, Sullivan worked in space for three-and- one-half-hours before returning to Challenger's controlled environment.
http://www.usatoday.com/tech/science/space/2004-10-06-spacewalk-fix_x.htm
http://www.jsc.nasa.gov/Bios/htmlbios/sullivan-kd.html
http://www.usatoday.com/tech/science/space/2004-10-06-spacewalk-fix_x.htm
    1986 - The Pretenders release their single, "Don't Get Me Wrong." It peaks at #10.
    1987 - First public display of the AIDS Memorial Quilt on the National Mall in Washington, DC during the National March on Washington for Lesbian and Gay Rights.
    1987 - More than thirty cities in the Upper Midwest reported record low temperatures for the date, including Waterloo, IA and Scottsbluff, NE where the mercury dipped to 16 degrees. Tropical Storm Floyd brought heavy rain to southern Florida, moisture from Hurricane Ramon produced heavy rain in southern California, and heavy snow blanketed the mountains of New York State and Vermont.
    1987 - No. 1 Billboard Pop Hit: "Lost in Emotion," Lisa Lisa & Cult Jam.
    1988 - Low pressure brought gale force winds to the Great Lakes Region, with snow and sleet reported in some areas. Unseasonably warm weather prevailed in the north central U.S. The mercury hit 84 degrees at Cutbank, MT and Worland, WY. The temperature at Gunnison, CO soared from a morning low of 12 degrees to a high of 66 degrees.
    1989 - Much of the nation enjoyed "Indian Summer" type weather. Nine cities in the central U.S. reported record highs for the date as temperatures warmed into the 80s and 90s. Record highs included 90 degrees at Grand Island, NE and 97 degrees at Waco, TX. Strong winds along a cold front crossing the Northern High Plains Region gusted to 80 mph at Ames Monument, WY during the early morning.
    1990 - Oil hits a record $40.42 per barrel.
    1991 - Playing at Sunrise Golf Club, Chip Beck, shot 59 in the third round of the Las Vegas Invitational to equal Al Geiberger's record for lowest score in a single round of PGA tournament. But he did not win the tournament. Andrew Magee did, defeating D. A. Weibring on the second hold of a sudden-death playoff.
    1991 - Top Hits
“Good Vibrations” - Marky Mark & The Funky Bunch/Loleatta Holloway
“Emotions” - Mariah Carey
“Do Anything” - Natural Selection
“Where Are You Now” - Clint Black
    1991 - Apple Computer and Apple Corp., the record company founded by the Beatles, settled their lawsuit. Apple Corp. had filed the suit in 1989, alleging that Apple Computer improperly used the Apple logo. The tension between the two companies dated back to the launch of Apple Computer in 1977, when Apple Corp. requested a royalty for the use of the name. A 1981 agreement barred the computer company from using the name and logo on equipment designed to synthesize music. This agreement proved to be a problem when Apple created a Macintosh capable of recording and synthesizing sound. The computer company reportedly paid about $29 million to settle the suit
    1995 - Jim Manzi, head of Lotus, resigned four months after IBM acquired the company. Lotus had grown powerful off the success of its spreadsheet, Lotus 1-2-3, but lost ground to Microsoft Excel in the early 1990s. The company reasserted its success, however, when it developed Lotus Notes, networking software that made it easy for many people to work together on the same document. Manzi had been appointed president of Lotus in 1984, at age thirty-two. When IBM purchased the company, Manzi at first promised to stay but lasted only ninety-nine days under the new regime.
    2001 – Polaroid sought Chapter 11 bankruptcy protection.
    2004 - After seven tries during their 43-year history, the Astros finally win a post-season playoff series as they eliminate the Braves in the deciding Game 5 of the NLCS,12-3. It is the third consecutive year Atlanta has lost Game 5 of the division series at Turner Field.
    2006 – Yankees Pitcher Cory Lidle was killed when a small plane he is in crashes into a residential building in New York City.
    2012 - The U.S. court ruling banning the sale of Samsung's Galaxy Nexus was overturned, winning a round for Google's Android against Apple.
World Champions:
    1913 - Philadelphia Athletics
    1918 - Boston Red Sox
    1943 - New York Yankees
    1948 - Cleveland Indians

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Top Stories

(chronological order)

 

- Another Quarterly Interim Payment Scam
- Over 80% of Business Owners Are Opting to Purchase
  As Opposed to Leasing--BizFi Report
- Vehicle Leasing Volume Surges Past 31% in Q2
- U.S. Alternate Finance Web Sites: Alexa Report
- Broker/Lessor Receives Early Payoff from Lessee
   But Doesn't Pay Funder for Three Months
- Bank Net Income Rises to $43.6 Billion
- Balboa Capital Gets Win in Bait and Switch
    Purchase Option Case
- Alexa Report U.S. Leasing/Finance Media
- PayNet Reports Soft July Business
   Echoing the ELFA MFLI-25 July Report
- Photos from CLFP Celebration Day
- Broker/Lessor Receives Early Payoff from Lessee
   But Doesn't Pay Funder for Three Months
- “To Do Broker or Not to Do Broker Business,”
   that is the Question?”
- Credit Signs by dun & bradstreet - Free Service
- They Don’t See a Nose Dive as Does CFO.com
   as Reported by the ELFA July MLFI-25
- Kyle Gilliam, CLFP, Appointed President
  BancorpSouth Equipment Finance
- Five Biggest Small Business Loan Mistakes
- George Davis Passes Away
- Top Five Leasing Company Websites
  in North America
- Alternate Finance Association Membership
- Dan Lee (1953- 2016) Obituary
   Response from Friends in Leasing & Finance
- Too Many Complaints about Leasing Companies
- National Funding Deploys $1.5 Billion
- Introducing Jeff Hilzinger, President and CEO/His Plans
- DealSafe---Control of Contractual Rights
- Big Banks Lose Near Half a Trillion Dollars
- Madison Capital eDoc Experience
- Ascentium Capital Reports Strong 2nd Quarter Growth
- Axis Capital Subject to Possible Receivership
- Bob New Passes Away
   Ran His Company 56 Years While Blind
- British Exit (or Better Known as "Brexit")
  U.S. Finance/Leasing Executive Reactions
- Balboa Capital Tagged for Quarterly Payment Scam
- Ascentium Capital Reaches Out for Growth
   Hires Goldman Sachs
- Learn Why First American Equipment Finance Has
  55 CLFPs, the Company with the Most in the Industry
- Confusion Regarding California Lender’s License Law
- New Funder Doing 12-Month Deals With Weekly Payments
- Auto Leasing to Grow by Allan Levine
- Loan Brokers Unite! Support the Industry
- Why Operating Leases Will Come Back - Explained
- Good Times Are Ahead for Equipment Leasing
CLFP Foundation Adds 36 New CLFP's
- Chart - Three US Companies Hoarding the Most Cash
- California Licensed Brokers CAN Send Deal to Banks
- The Housing Crisis Is Great News for America
- Major Changes Coming in Bank, Finance, Leasing Regulations
- It's Not the United States with Highest Income Tax
- California Department of Business Oversight Confirms
that Brokers Need Licenses and Lessors Can’t Pay Unlicensed Brokers
- Signs of a Chill in Fintech Funding?
- What Happened to the $11.4 Million
   in the IFC Credit Bankruptcy “Approved Disbursements?”
- Balboa Capital Tagged for Bait and Switch
  on Lease Payoff Quote
- Alert: Dallin Hawkins Making Rounds Again
   Bulletin Board Complaints
- FinTech #102  by Christopher Menkin
   Menkin has an Epiphany
- Alternate Finance Companies - Subprime
- FICO Score: Excellent to Bad
- Nearly a Third of Lending Club Borrowers’ Income Is ‘Not Verified’
- “Lending Club Sends up a Red Flare”
- Reaction to "Lending Club Sends up a Red Flare"
- OnDeck Crashes As Online Lending Sector Struggles
- Is DLL Leasing Really Up for Sale?"
- Year-End Leasing and Finance Association Membership
- Equipment Leasing and Finance Association and
   CLFP Foundation Announce Collaboration
- New Study Identifies Companies Most Impacted
   by New FASB and IFRS Lease Accounting Rules
- The top 50 brands in Quick Service and Fast Casual
- Charlie Chan on Balboa Capital
- Reader Complaint About LEAF Financial Investment (Collection)
- How to be a “Leasing Expert Witness”
    and Make Extra Income
- 2014 Survey Reports Expert Witness Hourly Fees
    Record All-Time Highs
- Your Photograph on LinkedIn.com
Use a Password Generator
- Banks Turn Toward Leasing for More Profit
- Why Leasing News is Different
- Take Your Banker to Lunch
- Lease Police Tips on Judging Vendors
- Alert: Rudy Trebels Back Soliciting Broker Business
- HL Leasing/John Otto--Update
- NorVergence- Year end, 2013
- Twelve Lawyers Against Evergreen Clause Abuse
- Wants to Go After Lessors and Their Attorneys
   Re: Evergreen Clause Abuses
- Sample of Usury Laws in United States
- Balboa Capital Class Action Case Settled--$5 million?
- Old Cowboy On His Horse
- Leasing Brokers: When May You Collect a Commission?
- Balboa Capital, Irvine, California
   $20,543.22 Bulletin Board Complaint
   Alleged “Bait and Switch”
- Female Lease Finance Association Presidents
- Broker’s Responsibility to Obtain
    California Lender’s License
- The Day that Albert Einstein Feared May Have Finally Arrived
- Equipment Finance Agreements Explained/Barry S. Marks
- Royal Links "True Lease" Court Ruling
- "The Memory Shock" –New Book by Barry Reitman
- Jeff Taylor's Leasing Predictions, Spring, 2006
- New Case against Mazuma Capital and Republic Bank
  ---Automatic Evergreen Payment---PPR
- Charles Schwartz and Allied Health
- Copier Wars---It's more than the lease payment
    by Christopher Menkin
- Leasing Gypsies
- Verifying Tax Returns
- Special Report: Part I
   Could Church Kiosks, Royal Link Carts, NorVergence results been avoided?
   The use of “Equipment Finance Agreements”
- Special Report: Part II
    Bank of the West
   Equipment Lease Agreement (EFA)
- California License Web Addresses
- Settlement Costs vs. Litigation Costs