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SB 1235 Passes California Legislature
Awaits Governor Jerry Brown's Signature to Become Law

The California bill as passed will require many commercial lenders to disclose interest rates in many commercial loans in the State of California. The disclosure is to be consistent with Regulation Z in consumer transactions. It will require signature from the debtor as well as the creditor on the terms and conditions. The precise formula and terms to be signed by creditor and debtor for that rate will be determined by the state’s regulatory agency, the California Department of Business Oversight. It applies to Capital Leases, Business Loans, Working Capital Loans, Factoring, Merchant Cash Advance transactions. It does not apply to “Operating Leasing,” also known as a “True Lease.”

As stated in Friday's Leasing News edition by Attorney Marshall Goldberg, the disclosures will be required for all "Commercial Financing" transactions, which is defined in the bill as accounts receivable purchase transactions, including factoring, asset-based lending transactions, commercial loans, commercial open-end credit plans, or lease financing transactions intended by the recipient for use primarily for other than personal, family, or household purposes.

"Factoring" is defined in the bill as an accounts receivable purchase transaction that includes an agreement to purchase, transfer, or sell a legally enforceable claim for payment held by a recipient for goods the recipient has supplied or services the recipient has rendered that have been ordered but for which payment has not yet been made.

The bill also requires the disclosures by "Merchant Cash Advance" companies when the transaction requires a recipient of funds to forward or otherwise sell to the company all or a portion of accounts, payment intangibles, or cash receipts that are owed to the recipient or are collected by the recipient during a specified period or in a specified amount.

In summary, the bill will require the recipient's signature on the following disclosures before consummating the commercial financing transaction.

  1. The total amount of funds provided.
  2. The total dollar cost of the financing
  3. The term or estimated term.
  4. The method, frequency, and amount of payments.
  5. A description of prepayment policies.
  6. The total cost of the financing expressed as an annualized rate.

This will also apply to residual value, if not an “operating lease,” also referred to as a balloon payment. It “may” apply to interim rent, if viewed as part of the financial “reward” to the creditor or broker.

Copy of bill passed:


Friday, August 31, 2018

Today's Equipment Leasing Headlines

Louisiana Court Gives Bank of the West
   a Hobson's Choice in Lease Remedies:
Past Due Rent or Liquidated Damages
  By Tom McCurnin, Leasing News Legal Editor
Marshall Goldberg, Esq. Summarizes
  California Rate Disclosure Bill - 1235
Dedicated Funding Joins
  Funder List/Looking for Broker Business
New Hires/Promotions in the Leasing Business
   and Related Industries
Leasing News Help Wanted
   Centra Funding Positions Open
The Best Marketing Ideas for Financial Professionals
   FinTech #102 by Alex Vasilakos
CLFP Companies with Two or More Members
SLIM Capital Reviews Some Deals
   Shows Broker Deals Accomplished
Asia to Lead Pilot Demand Over Next Two Decades
  Estimated New Pilot Demand by Region Chart 2018 - 2037
Labor Day Special: I'm All Right Jack, The Molly Maguires
Blue Collar/Silkwood/Horrible Bosses
    Digital Reviews by Leasing News' Fernando Croce
German Shepherd
  Sacramento, California  Adopt a Dog
The Largest Conference Dedicated to Commercial Loan Brokers
   and Commercial Banks and Lenders
News Briefs---
Visa: Chip Cards Reduce Counterfeit Fraud
   At U.S. Merchants By 75 Percent
SF Bay Area tech CEOs say immigration policies
    H-1B plans are undermining growth

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Louisiana Court Gives Bank of the West
 a Hobson's Choice in Lease Remedies:
Past Due Rent or Liquidated Damages

By Tom McCurnin
Leasing News Legal Editor

Ruling Denies Lessor Discounted Future Lease Stream. Ruling Appears to be Based on Louisiana Statute

Bank of the W. v. Prince, No. 16-1098, 2018 U.S. Dist. LEXIS 137784 (W.D. La. Aug. 14, 2018).

In every lease case I’ve ever litigated, the lessor is entitled to past due rent up to the date of declaring a default, then the projected lease stream, discounted to a reasonable number. The lessor has always been granted possession of the equipment, and if sold, then the monetary damages are reduced by the net recovery. 

However, in today’s case, the Louisiana District Court gave the equipment lessor a tough choice—either accept past due rentals and take possession of the equipment or obtain a judgment for the discounted future lease stream. Pick one, you can’t have both. Since, the bank already took the equipment, the die was cast. Bank of the West was only entitled to the equipment and past due rent. The bank was set to leave $233,979 on the table, but the Court threw the bank a bone, giving them a $79,545 haircut. The facts follow.

Gladiator Energy Services leased certain undisclosed equipment from Summit Leasing which was later assigned to Bank of the West. About a year later, the lessee defaulted. Bank of the West declared a default, took possession of the equipment, sold the equipment for $302,000 and sued to recover the lease balance of $352,895. This suit included a request for past due rent and future discounted rent. 

Gladiator defended the suit, claiming that a Louisiana statute required an equipment lessor to choose between repossessing the collateral or suing for future rent. Both parties filed summary judgments.

The Court granted the summary judgment of Gladiator and issued a judgment only for the past due rent. The Court held that a Louisiana statute requires an equipment lessor to choose between the remedies of either possession or damages. 

Therefore the Court held that Bank of West was entitled to its past due rent in the sum of $118,916.46. It denied the future discounted rent as liquidated damages. The Court held that lessors cannot be allowed to including a lease provision allowing liquidated damages in the amount of future rent payments for the remaining term of the lease agreement, and the lease agreement did just that, and therefore the Court did not enforce the lease as written. 

That said, the Court found that some award of reasonable damages was warranted, and took the Banks initial investment in the Lease, subtracted the payments made, and subtracted the proceeds from the sale of the equipment. The Court also subtracted the past due rent, which was separately awarded.  The total judgment was $273,350, giving the bank a $79,545 haircut. 

In short, while the Bank won, its damages of future rent were substantially cut down. 

What are the takeaways here?

• First, Pay Attention to Local Laws. I was surprised that the equipment lessor did not research local law before repossessing and selling the equipment. If the lessor did know about this statute, then this case was crapshoot. If it was a crapshoot, then this case should have settled. 

• Second, Judges Sometimes Bailout the Lender. Judges are conservative lots, and while a literal reading of Louisiana’s statute would seem to preclude any recovery other than past due rent, the Judge pulled the Bank’s chestnuts out of the fire. While this tendency is nice to know, don’t count on it. 

The bottom line is that Louisiana has particular statutes relating to equipment lease damages.  Before a lessor enters into a lease in Louisiana (or receives an assignment), it should understand that its remedies in Louisiana might be limited. 

Bank of the West v. Prince (6 pages)

Tom McCurnin is a partner at Barton, Klugman & Oetting in Los Angeles, California.


Tom McCurnin
Barton, Klugman & Oetting
350 South Grand Ave.
Suite 2200
Los Angeles, CA 90071
Direct Phone: (213) 617-6129
Cell (213) 268-8291
Visit our web site at
Previous Tom McCurnin Articles:

Previous Tom McCurnin Articles:





Marshall Goldberg, Esq. Summarizes
California Rate Disclosure Bill - 1235

(Note: The bill needs to get approved in both the Assembly and the Senate by Friday, today, before the legislative session ends. This is typical for the end-of-session crush when there are hundreds of bills in the final week. If Senator Glazer has the votes, it will pass. At this time, there is no indication that it will or will not pass, although Senator Glazer's office says they "feel pretty good." If it passes, it then has to be signed into law by Governor Brown. Editor)

As the result of intense lobbying by the Equipment Lease and Finance Association, the sponsors of California Senate Bill 1235 have agreed to incorporate the definition of "lease" found in California's Uniform Commercial Code. This will replace the proposal for all leases with fixed purchase options to be considered finance transactions subject to the new law.
If passed, which looks more and more likely, the bill will require disclosures in the case of loans and "leases" intended to create security interests.
The disclosures will be required for all "Commercial Financing" transactions, which is defined in the bill as accounts receivable purchase transactions, including factoring, asset-based lending transactions, commercial loans, commercial open-end credit plans,
or lease financing transactions intended by the recipient for use primarily for other than personal, family, or household purposes.

"Factoring" is defined in the bill as an accounts receivable purchase transaction that includes an agreement to purchase, transfer, or sell a legally enforceable claim for payment held by a recipient for goods the recipient has supplied or services the recipient has rendered that have been ordered but for which payment has not yet been made.

The bill also requires the disclosures by "Merchant Cash Advance" companies when the transaction requires a recipient of funds to forward or otherwise sell to the company all or a portion of accounts,
payment intangibles, or cash receipts that are owed to the recipient or are collected by the recipient during a specified period or in a specified amount. (Note: in the bill, the California Department of Business Oversight will choose the method for determining costs and converting to APR. Editor)

If passed, the bill will require the recipient's signature on the following disclosures before consummating the commercial financing transaction.

(1) The total amount of funds provided.
(2) The total dollar cost of the financing.
(3) The term or estimated term.
(4) The method, frequency, and amount of payments.
(5) A description of prepayment policies.
(6) The total cost of the financing expressed as an annualized rate.

AB 3207 as Amended:

Marshall Goldenberg, Esq.
22917 Burbank Blvd.
Woodland Hills, CA 91367-4203.
(818) 888-2220 



  Funder List/Looking for Broker Business

In Business Since
Leasing Association

Dedicated Funding
Salt Lake City, Utah
Kathy Nordendahl

All 50 states

$10,000-$250,000 “B”
Both programs are
“Application Only”


A -Accepts Broker Business | B -Requires Broker be Licensed
| C –Sub-Broker Program| D –“Private label Program” | E – Also “in house” salesmen

“Dedicated Funding is a direct funding source aligned with Territory Bank of American Samoa (TBAS).  We decision all our credits in house.  Our Bank qualified application only “A” credit program ranges from $10,000 - $250,000. Our structured application only “B” credit program ranges from $10,000 -$150,000.”

Full List:



New Hires/Promotions in the Leasing Business
and Related Industries


Anthony Bowen was hired as Senior Account Executive, Kinetic Leasing, Inc., West Des Moines, Iowa.  Previously, he was at Engs Commercial Finance Co, starting May, 2016, as BDM, Professional Referral Program (Equipment Leasing and Finance); promoted March, 2018, Territory Manager, Construction Division (Midwest).  Prior, he was AVP Equipment Leasing, Bankers' Bank (2014 - 2016); Business Development Manager, Wells Fargo Equipment Finance.  Education: Northwest Missouri State University. Bachelor's degree.

Kristin L. Brown was hired as Regional Vice President, Equipment Leasing Sales focused on the Healthcare Industry, First Financial Corporate Services, managing a new office in Pensacola, Florida.  Previously, she was Product Sales Executive, Women's Healthcare, Siemens Heathineers (May, 2017 - August, 2018); Women's Healthcare Executive, Atlanta Region, NGAG-US (February, 2016 - May, 2017); Financial Services Manager, Mid-South Region, Philips Medical Capital (August, 2004 - December, 2014). She joined GE Healthcare Financial Services, 1999, as Account Manager, Fast Response Services Team; promoted 2000, VIP Financial Services Account Manager; promoted, 2002, Financial Services Sales Account Manager, Emerald Coast.  Volunteer: Field Advisory Board, Philips Healthcare (January, 2014 - December, 2014).  Volunteer Alzheimer's Association, Central and North Florida (August, 2018 - Present).  Education: Georgia Perimeter College, Associates Degree, English Language and Literature, General (1986 - 1997).  Associates Degree in English.  Elon University, English Language and Literature, General (1984 -  1985). Activities and Societies: Modern Dance Team.  English Major with Minor in Political Science.

Anthony Hooks was hired as Business Development Manager, Transportation Finance Division, ENGS Commercial Finance Co., Itasca, Illinois.  Previously, he was Relationship Manager, GE Capital (May, 2011 - July, 2018); Vice President of Sales, Rhino Capital (January, 2010 - May, 2011); Vice President, Financial Services, GE Capital (2005 - 2010).  Education: The University of Texas, El Paso.  Business Administration. Activities and Societies: All Conference Honors. Back Football Team. Phi Alpha.

Gary Jones was hired as Vice President, Bridge Funding, A BankUnited Company, Baltimore, Maryland. "He will be responsible for originating and structuring leasing and financing  opportunities in the Mid-Atlantic region, including Pennsylvania, Delaware, Maryland, Virginia, West Virginia and Washington, D.C. Prior to joining BFG, he served as vice president at FifthThird Equipment Finance, Mid-Atlantic region."

Telford Lindsay, CLFP, was promoted to First Vice President, BancorpSouth, Hattiesburg, Mississippi.  He joined the firm July, 2014.  Previously, he was Senior Vice President, Community Bank of Mississippi (July, 2011 - July, 2014); Vice President, BankFirst Financial Services (February, 2001 - July, 2011); Vice President, North Central Bank for Savings (March, 1998 - February, 2001). Education: University of Mississippi. B.B.A. Business Administration. Banking and Financial Support Services. 1987 - 1991.  Certified Leasing Finance Professional, CLFP (2017).  Kosciusko High School.

Jennifer Morgan was promoted to Bank Officer, BancorpSouth Equipment Finance, Hattiesburg, Mississippi. She joined the firm June, 2010, "(She has)...served in a variety of positions, including credit and documentation specialist, operations specialist, sales support team leader and accountant, within the Equipment Finance area. In her new role, she will monitor documentation management within the team, perform portfolio administration functions and continue to assist the sales support staff with daily workflow, if needed." Previously, she was Administrative Assistant, Pearl River Community College (January, 2007 - June, 2010).  Education: The University of Southern Mississippi.  Bachelor of Science. (B.S.). Business Administration.  Management and Operations.

Rick Rockhold was hired as Senior Vice President of Credit and Capital Markets, Liberty Financial Corporation, Tustin, California. Previously, he was Principal, Voltaic Capital Markets (June, 2013 - July, 2018); Partner and Co-Head of Leasing Acquisitions and Portfolio Management, Cypress Financial Corporation (February, 2002 - August, 2012); Principal, Momentum Leasing Advisors (September, 1996 - January, 2002); Investment Officer, USL Capital Group (September, 1994 - June, 1996); Business Development Analyst, ITEL (October, 1990 - August, 1992); Mergers and Acquisitions Analyst, Management Sciences and Strategic Planning Groups, Wells Fargo (August, 1987 - September, 1990). Education: Stanford University, Professional Development Certificate in Emerging Energy Innovation and Technologies, Renewable Energy (2013); The University of Iowa, Tippie College of Business, MA, Finance. University of Iowa, Ba. Finance and Management Sciences.

Robert Selway was hired as Senior Relationship Manager, Vice President, Pacific Mercantile Bank, Costa Mesa, California. Previously, he was Vice President, Relationship Manager, Pacific Western Bank (January, 2018 - July, 2018); Consultant, Historic Site Management (May, 1999 - July, 2018); Vice President, Relationship Manager, California United Bank (September, 2016 - December, 2017); Assistant Vice President, Relationship Manager, Citizens Business Bank (May, 2103 - September, 2016); Relationship Manager and Credit Analyst, 1st Enterprise Bank (June, 2011 - May, 2013); Sales Manager, Balboa Capital (May, 2007 - June, 2011); Summer Youth Basketball Camp Coordinator, Rose Drive Friends Christian School (May, 2003 - April, 2007); Project Manager, Waltmar Foundation, Chapman University (April, 2006 - September, 2006). Volunteer, Entrepreneur in Residence/Lead Mentor, Chapman University (January, 2013 - Present).  OC-1 & OC- 2, Athletes Touch (April, 2013 - Present).  Alumni Board of Directors, Chapman University, February, 2014 - Present). Board of Governors, Center Club Orange County (November 2015 - Present); Member, Lincoln Club of Orange County (September, 2015 - August, 2017). Chair of Membership Operations, Chapman 50 (January, 20156 - Present). Mentor: Plant A Seed Inspire A Dream Foundation (February, 2016 - Present). Education: Chapman University, Masters of Business Administration, Finance (2007 - 2009).  Activities and Societies: George L. Argyros Graduate Fellowship, American Marketing Association, National Chapter, American Accounting Society, National Chapter. The 1861 Club. Completed degree while working full-time.  Chapman University. B.S. Business Administration, Marketing and Management Emphasis (2003 - 2007. Activities and Societies: Center on Chapman University Men's Basketball Team (4 years). Student Athletic Advisory Council (SAAC).  Provost’s List, Academic All-American Honorable Mention, Team Captain of Chapmen's Men's Basketball Team.

Jason Sullivan was hired as Vice President, Business Development Officer, Bridge Funding Group, A BankUnited Company, Baltimore, Maryland. He is located in Charleston, South Carolina. "He will serve the equipment finance needs of businesses operating in Florida, Georgia, South Carolina, North Carolina, Alabama, Tennessee and Mississippi."  Previously, he was Director, Capital Equipment Finance, CIT (February, 2017 - June, 2018); SVP, Leasing Specialist, Bank of America (January, 2007 - February, 2017); Vice President, Fleet Services, GE Capital (June, 2001 - July, 2006).  Education: Presbyterian College. BS. Economics and Business Administration (1988 - 1992). Activities and Societies: Pi Kappa Alpha, Football Team.





The Best Marketing Ideas for Financial Professionals

FinTech #102 by Alex Vasilakos

When considering products and services that are a significant commitment in terms of financial outlay, an overwhelming majority of people ask their family members and friends for recommendations. Here are some top marketing ideas that will help you build connections with potential customers and colleagues.

This means it should be your top priority to position you as the financial professional that people will mention to their friends. Personal networking, both online and in person, is the key to get more word of mouth referrals.

Get Out and Meet People

It is not enough to just get your name out into the community, you need to get out and meet people in your area as well. Local volunteering and civic events put you into contact with potential customers and others who may not need your services but will recommend you to others based on the shared commitment to a cause or a conversation you had at an event.

Give Your Audience Some Visuals

Use visual content to draw attention to your posts on social media, and as a bonus, make your updates more likely to get shared. Remember to always carry a small camera with you or even use a phone to snap photos that are relevant to your community involvement.

Are you a visual thinker? Many are, and they love infographics. This visual content trend is not slowing down anytime soon, as infographics get three times as many likes and shares as other content out on social media. Increase your blog article or Facebook entry’s relevance by including a link to an infographic.

A moving picture is still a powerful medium that is utilized by social media to add authenticity and impact to a message. Now platform capabilities such as Instagram Stories and Facebook Live allow you to add a candid news-style to your content with real-time broadcasting.

Don’t Overlook Email

Being one of the oldest direct marketing strategies, email is easily overlooked, but still, brings in an average of a 38 to one ROI of advertising dollars. Instead of making each email interaction a hard sell, focus on content that your customer base can really use. When it comes time for them to utilize your services, they will see you as a trusted ally.

What’s more, email marketing can be its own shareable social media. Make your valuable content readily shareable so that your customers can pass it on to their contacts.

Keep Contacts and Referrals Updated

Since the health of your marketing program relies on the accuracy of your information, make it a point to regularly update your customer and referral contact information. You may have a robust number of people in your database, but if the message is only getting through to half of them, you are spending money and time to very little effect. In addition, eliminate duplicates in your contact list so you are not seen as a spammer.

Going a step further and categorizing contact lists by life stage, for example, makes it easier to deliver relevant content that is geared towards a particular set of concerns. Recent college grads may be concerned about saving to purchase a first home, mid-career professionals have retirement readiness on their mind, and retirees may want to know about asset preservation. Grouping contacts together for relevance increases the chances that you will be able to provide information that resonates with your contacts and leads them to use your services.

Align Everything Online

Accurate information is essential when you promote yourself, and your online presence is no exception. Make sure all of your online outlets have information that is aligned to your brand promotion, and most of all, is accurate. If one profile listing is outdated, it makes your whole operation look unorganized and unprofessional. Everything must be up-to-date, from your logo to locations and phone numbers.

Advantages of an Automation Option

As a busy finance professional, it is likely that you do not have the amount of time and energy to do everything you need to keep your marketing plan in shape and on course. That is where marketing automation comes in. There are a wide variety of automation options that ease up your schedule so that you can do things like interact with the community at events and volunteer opportunities.

Put it all Together

No one marketing idea is the magic bullet for marketing success. A variety of approaches need to be used with consistency in order to be successful in gaining consumer awareness and market share. A combination of in-person and online outreach done with consistency is the key to a marketing plan that produces results.

Taking the time to produce engaging content in the form of eye-catching photography, educational infographics, and engaging videos will keep your audience’s attention to your message for a longer amount of time. Relevancy in content and persistence in reaching out to contacts through various online channels such as emails and social media are also necessary ingredients for marketing success. If the several steps necessary to conduct an effective marketing program are too time-consuming, take advantage of marketing innovation to help you put your plan together.

Alex Vasilakos
Director of Marketing
The Finance Marketing Group 
Office: 518-591-4645x102 / Fax: 518-677-1071
90 State Street, Suite 1500, Albany, NY 12207
Currently, Alex works exclusively with financial services companies but his depth of knowledge and experience can help design and implement long-reaching strategies for businesses across all industries.

Previous Financial Technology Articles



CLFP Companies with Two or More Members

The Certified Lease & Finance Professional (CLFP) Foundation is pleased to announce that 40 individuals who sat through the 8-hour online CLFP exam during the months of July and August have successfully passed (1). Brings the total to 615. Over three-quarters of CLFPs work at a company with at least one other CLFP.

Here are companies with two or more CLFP's.

Company #CLFPs
First American Equipment Finance, a City National Bank Company 89
Financial Pacific Leasing, Inc., an Umpqua Bank Company 24
AP Equipment Financing 19
Amur Equipment Finance 18
Ascentium Capital 18
U.S. Bank Equipment Finance 17
BB&T Commercial Equipment Capital Corp. 16
ECS Financial Services, Inc. 12
Ivory Consulting Corporation 12
Orion First Financial LLC 12
Arvest Bank 11
Canon Financial Services, Inc 10
Great American Insurance 10
BMO Financial Group 9
KLC Financial, Inc. 9
Beacon Funding Corporation 8
Celtic Commercial Finance 8
Northland Capital Financial Services 8
Hanmi Bank 7
Oakmont Capital Services, LLC 7
BancorpSouth Equipment Finance 6
Bank of the West 6
GreatAmerica Financial Services 6
Marlin Business Bank 6
The Huntington National Bank 6
BSB Leasing, Inc. 4
Commerce Bank 4
NCMIC Finance Corporation 4
Partners Capital Group, Inc. 4
Tamarack Consulting, Inc 4
Blue Street Capital, LLC 3
Clune & Company LC 3
Diversified Capital Credit Corporation 3
First Foundation Bank 3
First National Capital 3
FSG Capital Inc. 3
Innovative Lease Services, Inc. 3
Key Equipment Finance 3
LeaseQ 3
LeaseTeam Inc. 3
Providence Capital Funding, Inc. 3
Provident Equipment Leasing 3
Quality Leasing Co. Inc. 3
Stearns Bank NA-Equipment Finance Division 3
Summit Funding Group, Inc. 3
UniFi Equipment Finance, Inc. 3
Western Equipment Finance 3
Alliance Funding Group 2
American Leasing & Financial 2
Customers Bank Commercial Finance 2
Dakota Financial, LLC 2
Direct Capital a CIT company 2
Finance Capital 2
Fleet Advantage, LLC 2
GSG Financial 2
Innovation Finance 2
International Decision Systems 2
M&T Bank Corporation 2
Madison Capital LLC 2
Maxim Commercial Capital, LLC 2
Odessa 2
OneWorld Business Finance LLC 2
Pacifica Capital 2
Padco Financial Services, Inc. 2
Patriot Capital Corporation a Division of State Bank & Trust Company 2
Portfolio Financial Servicing Company 2
Stryker 2
Taycor Financial 2
TCF Bank 2
TEQLease, Inc. 2



SLIM Capital Reviews Some Deals
Shows Broker Deals Accomplished

Long Roads Lead to Summer Success!

Summer tends to be a time for relaxation and sipping cocktails by the pool... Not at SLIM! We were busy this Summer helping businesses with their capital needs!

Here are a few examples of our latest WINS with Substantial FEES paid on each transaction!

$2,000,000 for a start-up Medical Imaging Center
This group of physicians had a tremendous opportunity to serve as the imaging center for a hospital group. After investing over $800,000 of their own capital in the buildout, they needed an MRI machine, CT Scan machine, X-Ray and 3D Mammography Machine. We were able to finance the start up with 100% financing, no additional collateral, and 6 months of skip payments to allow for the venture to build up revenues and ramp up to full payments for 48 months.

$275,000 for a Hotel Looking to Rebrand

A successful hotelier was looking to change their hotel flag to a different brand to take advantage of higher room revenues. The deal consisted of about $125,000 of build out expenses and $150,000 of equipment upgrades. The equipment consisted of FF&E, making it a soft asset, but we were able to finance the full $275,000 for the client within 3 days!

$200,000 for Restaurant Franchisee Expansion

This 25 year veteran in the restaurant space was opening his 6th Restaurant Franchise location and needed some additional capital to support his build out. Being a softer asset, we looked at additional collateral to help support our position. We found the owner to have recently purchased a boat that we evaluated to support our finance position. By offering a Sale Leaseback on the boat (and trailer), we were able to offer the funds needed to complete the buildout of the new location on a 24 month term.

SLIM Capital, LLC is a nationwide direct finance company that specializes in securing hard assets to structure financing transactions. We consider equipment with a strong secondary market value, real estate and other assets that can be easily monetized as collateral. Give us a call or email us with any deals that you think might be a fit.

Shervin Rashti, CLFP
Direct: 310-499-2506

Jeff Brannon
Direct: (949) 981-0431

SLIM Capital, LLC
9301 Wilshire Blvd., Suite 610
Beverly Hills, CA 90210



 If you're keen on becoming a commercial pilot, it might be a good idea to start searching for a job in Asia. A forecast from Boeing says that over the next two decades, the Asia-Pacific region will need 261,000 new pilots and 317,000 new cabin crew members with half of the positions materializing in China. That's going to occur due to continuing economic growth and rising wealth levels, both of which will contribute to higher numbers of people traveling. That increase in wealth is also going to see a considerable expansion of the business aviation sector, especially private jets and helicopters.

In total, China is expected to need 128,000 pilots between now and 2037 while Boeing estimated that 40 percent of its new aircraft deliveries will go to customers across Asia. Demand for pilots will also continue to be strong in North America with the retirement of older pilots expected to contribute to a need for 206,000 new positions up to 2037. Elsewhere, Europe is expected to need 146,000 while the Middle East will require 64,000. Globally, total demand over the coming two decades will be 790,000, of which 635,000 will be in commercial aviation, 96,000 in business aviation and 59,000 in the helicopter sector.

By Niall McCarthy



Fernando’s View: Labor Day Special

By Fernando Croce

With Labor Day coming up next week, we at Leasing News offer a cinematic salute to every man and woman who ever endured a particularly harrowing day at the office. Check out these vintage and modern classics at Netflix.

I’m All Right Jack (John Bolting, 1959): Leave it to the English to roast labor and management alike in this sharp satire, which plays like a crossroads between the gentility of Ealing Comedy and the rough energy of the upcoming British New Wave. The plot gets rolling when aristocratic twit Stanley Windrush (Ian Carmichael) gets a job at the missile factory owned by his corrupt uncle (Dennis Morgan). When he obliviously shakes up the working quota, Stanley finds himself at the center of a maelstrom led by the factory’s manager (Terry-Thomas) and union steward (Peter Sellers). As strikes proliferate in the wake of the events, will the hero become an agent of change or merely a corporate pawn? Directed by John Bolting, this is an acerbic comic sword that cuts both ways.

The Molly Maguires (Martin Ritt, 1970): Always a socially conscious director, Martin Ritt (“Norma Rae”) travels to 19th-century Pennsylvania for this gritty, moody drama. The title refers to a group of working-class Irish immigrants who would meet to fight the oppressive owners of the coal mines in which they worked. Led by Jack Kehoe (Sean Connery), the miners employ sabotage to bring attention to poor working conditions. What Kehoe doesn’t know is that among them is an undercover Pinkerton Detective, a man named James MacParlan (Richard Harris) who becomes friends with the miners and engaged to a local girl (Samantha Eggar). Impressively shot by legendary cinematographer James Wong Howe and powerfully acted by Connery and Harris, Ritt’s underrated historical portrait is tough and vivid.

Blue Collar (Paul Schrader, 1978): Though responsible for writing the screenplays for many of Martin Scorsese’s greatest movies (“Taxi Driver,” “Raging Bull”), Paul Schrader also has a respectable career as a director of risky films. This, his first, may also be his strongest, a stirring and powerful look at the struggles of a trio of employees at a Detroit auto factory. Jerry (Harvey Keitel), Zeke (legendary comedian Richard Pryor, in a knockout serious performance) and Smokey (Yaphet Kotto) are friends whose indignation at the corrupt bosses and work conditions of their car plant leads them to a crime that grows even more complicated once the local union gets involved. An entertaining drama that still manages to ask hard-hitting questions, this is a two-fisted, underrated slice of working-class life.

Silkwood (Mike Nichols, 1983): Oscar-winning satirist Mike Nichols (“The Graduate”) gets serious in this engrossing true-story drama, based on the life of activist and whistleblower Karen Silkwood. Robustly played by Meryl Streep, Karen is depicted as a concerned union firebrand who comes to tackle the dangers of the Oklahoma nuclear plant where she works. The story follows her as she gathers evidence and runs into increasingly powerful enemies, as well as her relationships with her boyfriend Drew (Kurt Russell) and best friend Dolly (Cher). Delving deeply into the quotidian dilemmas of working-class protagonists, Nichols’ biopic maintains a smooth flow while addressing controversial subjects ala “Norma Rae.” Anchoring it is Streep’s tough portrayal, aided by a supporting cast that also includes Fred Ward and Diana Scarwid.

Horrible Bosses (Seth Gordon, 2011): For anyone who’s ever dreamed of turning the tables on a particularly mean supervisor, this is your comedy. Directed with a nimble hand by Seth Gordon, the movie charts the professional woes of three friends, each of whom has to deal with bad supervisors. There’s Nick (Jason Bateman) and his smug corporate boss (Kevin Spacey), Kurt (Jason Sudeikis) and his psychotic office honcho (Colin Farrell), and Dale (Charlie Day) who works as an assistant to a roving dentist (Jennifer Aniston). When they decide to a page from Hitchcock and bump off each other’s bosses, however, reality refuses to play ball. Filled with energetic performances, sudden twists and go-for-broke jokes, this is a brisk, rude, and consistently hilarious look at life’s daily frustrations and private rebellions.


German Shepherd
Sacramento, California  Adopt a Dog

ID# A740864
Black and Tan
Eight Years Old
75 lbs.

"I am an easy keep, who really doesn't need much. I simply want to be doted on and to be treated like a loving family pet, is that you?  I am looking for a family willing to open their home and hearts to me!

I participate in shelter playgroups with: I do not participate in shelter playgroups and would like to be your one and only canine pal in a home

Walk Rating: Easy to walk, maintains loose leash
Snuggle Rating: Is ok sitting by your side rather than your lap
Type of Learner: Short learning sessions work best
Energy Level : Lower energy, a walk around the block
Manner Level: I enjoy meeting new people and do so in a calm manner
My motivation is: Treat motivated
Known Skills: I have manners already
Personality: Mellow, low maintenance, easy to please."

For more information about this animal, call:
Sacramento County Animal Care and Regulation at (916) 368-7387
Ask for information about animal ID number A740864

Adoption Process

Adopt a Pet



The Largest Conference Dedicated to Commercial Loan Brokers
and Commercial Banks and Lenders
4th Annual NACLB Conference & Expo
 October 16-18, 2018

4400 N.W. 87TH Avenue
Miami, Florida 33178

Over 800 of the nation’s top commercial loan, leasing and mortgage brokers and lenders will converge on the Trump National Dora, Miami Florida, on October 16-18, 2018 to meet the top lenders and service providers that cater to the brokerage community. These brokers are responsible for over $5 billion in small business and commercial financing each year.

Broker Attendee Benefits

  • Maximize earning potential by meeting the top broker focused lenders and service providers
  • Learn best-practices from top lenders and industry experts
  • Panel, general session, and over 16 individual class room style breakout sessions
  • Win over $75,000 in cash, prizes and gifts for various top producer and door prices
  • All meals including breakfast, lunch, cocktail hour, the “Awards Assembly” and the “Main Gala” included
  • Network with fellow brokers and reunite with CCTG training colleagues

Lender Attendee Benefits

  • Access over $5 billion in annual loan volume
  • Create new relationships with well over 250 professional loan brokers
  • Market your distinct loan products
  • Exhibit and speaking roles available
  • Sponsor and host educational/instructional break-out sessions


Keynote speaker will be Joe Bonanno, an accomplished attorney to businesses and finance companies.

The title of this year's keynote is "People, Business & Life Values for Commercial Loan Brokers in the 21st Century."

Mr. Bonanno's Biography: 


News Briefs----

Visa: Chip Cards Reduce Counterfeit Fraud
   At U.S. Merchants By 75 Percent

SF Bay Area tech CEOs say immigration policies,
    H-1B plans are undermining growth


You May Have Missed---

Trump’s Tariffs on Canadian Newsprint Are Overturned


"A clever runner steals a base." - James J. Metcalfe

          James J. Metcalfe was a widely syndicated columnist for the Chicago Sun-Times and a German-American poet that put together a very nice poem that truly does catch the essence of the game in a most eloquent manner.


  by James J. Metcalfe ©

Published: Unknown (Unknown)

The game of baseball is the king
Of all the games we play
And it is one pursuit that is
Distinctly U.S.A.
The people swarm into the stands
To watch their favorite teams
And munch their hot dogs when their lungs
Are not engaged in screams
The pitcher hurls the horsehide and
The batter gets a hit
Or else the ball goes sailing and
Some fielder smothers it
A clever runner steals a base
A player takes a walk
Or managers and umpires
Decide to have a talk
The crowd is gay or gloomy or
Completely in suspense
But it goes wild when someone knocks
The ball beyond the fence.


Sports Briefs---

Aaron Rodgers, Packers Reportedly Agree
    to Record 4-Year, $134M Contract

Helmet Rule Will Change the NFL,
  But Only If the League Can Figure It Out

Arbitrator sends Kaepernick’s grievance against NFL to trial

Eight NFL coaches who could quickly land on the hot seat in 2018

Patriots rework Rob Gronkowski contract, add $4.3M in incentives

Warriors' David West retires after 15-year NBA career


California Nuts Briefs---

Former Sacramento Kings exec allegedly took millions
   in team sponsor money for beach homes

Scooters to return to SF; Scoot, Skip picked as Lyft, Uber spurned



“Gimme that Wine”

How California’s 2017 Vintages Prevailed

New Study Reveals Specific Staff Hospitality Behaviors
   Linked to Direct to Consumer Wine Sales

Labor a concern for wine grape growers as harvest begins

Wine Prices by vintage

US/International Wine Events

Leasing News Wine & Spirits Page


This Day in History

       1685 - Caves used for dwellings were ordered evacuated and filled in by the Governor’s Council of Pennsylvania.  Early settlers in Pennsylvania, New York and Massachusetts lacked sawmills, even saws, as well as facilities for cutting and using stone.  Many poor and rich lived in caves dug into the sides of hills.
    1728 - Catholic nuns pioneered education in Louisiana. Only nine years after the founding of New Orleans, Ursuline nuns arrived in Louisiana to serve the sick and to teach and train the “casket girls.” These orphaned girls, who carried their belongings in caskets or small trunks, arrived from France as prospective wives of settlers. They received a dress in a casket as a gift for their immigration, introducing a new element into Louisiana society. Since these girls were not inmates of penal institutions, as were many of the predecessors, mostly had been arrested for prostitution as women had few ways of making money. It became and has remained an honor to be descended from a casket girl. The Ursuline Convent in New Orleans provided the best female education obtainable in the colony. Through the years, the nuns not only instructed young ladies from well-to-do families, but also housed, fed, and taught orphan girls. Sisters of the Sacred Heart founded schools such as St Michael’s Convent in Convent, Louisiana, where the small cypress desk displayed in this gallery was used. Views about female education varied with time and circumstances. Girls were often taught at home by mothers or tutors. Some were taught by French governesses or in small private schools. Others attended Common Schools in neighboring towns and boarded with family or friends.
Although fathers in isolated areas might consider female education dangerous, wealthy parents sometimes sent their daughters to France. Young ladies also enrolled in southern or eastern boarding schools, particularly as female seminaries proliferated in the nineteenth century. Regardless of circumstances, most parents viewed female education only as a preparation for marriage, motherhood, and home management.
    1778 – British troops killed 17 Stockbridge Native Americans in The Bronx.
    1803 – Lewis and Clark began their expedition from Pittsburgh, PA.
    1827 - Birthday of Anna Bartlett (1827-1915) on Long Island, NY.  She was an author of numerous books and novels and author of the hymn "Jesus Loves Me, This I Know." Collaborated on several books with her sister Susan Bogert Warner.
    1842 - Birthday of Mary Corinna Putnam Jacobi (1842-1906) in London.  Deciding to continue her medical training in France, became the first woman to enter "Ecole de Medecine." Graduating with honors, she returned to New York City to become a lecturer in Dr. Elizabeth Blackwell's Medical College and open a private practice. Because of her European training, she felt American women were not getting the quality of medical training they should and she became an exacting instructor as well as the organizer of the Association for the Advancement of the Medical Education of Women to improve the standards of women's medical training. She published more than 100 titles.
    1851 - Clipper "Flying Cloud" set new record by sailing from New York to San Francisco in 89 days.
    1864 - General William T. Sherman launches the attack that finally secures Atlanta, Georgia, for the Union, and seals the fate of Confederate General John Bell Hood's army, which is forced to evacuate the area. The Battle of Jonesboro was the culmination of a four-month campaign by Sherman to capture Atlanta.  Confederate General William Hardee's corps moved to block Sherman at Jonesboro, and attacked the Union troops on August 31, but the Rebels were thrown back with staggering losses. The entrenched Yankees lost just 178 men, while the Confederates lost nearly 2,000. On September 1, Sherman attacked Hardee. Though the Confederates held, Sherman successfully cut the rail line and effectively trapped the Rebels. Hardee had to abandon his position, and Hood had no choice but to withdraw from Atlanta. The fall of Atlanta was instrumental in securing the reelection of Abraham Lincoln in the fall.
    1865 - The Federal government estimated the Civil War had cost about $8 billion. Human costs have been estimated at more than one million killed or wounded.
    1870 - Maria Montessori (d. 1952) was born in Chiaravalle, Italy.  She founded the Montessori education philosophy.   
    1875 - Birthday of Edward Stewart (Eddie) Plank (1875-1926), Baseball Hall of Fame pitcher, Gettysburg, PA. Plank won more games than any other left-handed pitcher in American League history during a 17-year career, with a 326-194 record and an ERA of 2.35.

    1881 - The first National tennis championship matches were held at Newport Casino, Newport, RI, by the United States Lawn Tennis Association, which introduced the first national uniform conditions. The single match was won by Richard Dudley Sears, who defeated W.E. Glyn 6-0, 6-3 and 6-2. The doubles were won by Clarence Monroe Clark and Frederick W. Taylor
    1886 – At Charleston, SC, the first major earthquake, magnitude 7.3, in the recorded history of the eastern US occurred around 9:50 pm.  Though a num­ber of smaller eastern US quakes had been described and recorded since 1638, this affected persons living in an area of some 2 million square miles. The epicenter was 15 miles northwest of Charleston, where 41 people died, 90 percent of the city’s 6,965 brick buildings were damaged, and nearly all of its 14,000 chimneys were broken off at the roof. Altogether, the earthquake claimed some 100 lives. A series of earthquakes beginning on December 16, 1811, were the most severe in the U.S. history---they changed the course of the Mississippi River and created many new lakes---but the epicenter was in a sparsely populated region and caused no known damage.
    1888 - Prostitute Mary Ann Nichols, the first victim of London serial killer “Jack the Ripper,” was found murdered and mutilated in Whitechapel’s Buck’s Row. The East End of London saw four more victims of the murderer during the next few months, but no suspect was ever found.  In 1892, with no leads found and no more murders recorded, the Jack the Ripper file was closed.
    1895 - A football team from Latrobe, PA defeated a squad from Jeanette PA, 12-0, which history has regarded as the first professional football game. Latrobe quarterback John Brallier was paid $10 expense money.
    1896 - Klondike Eldorado Gold Discovery: Two weeks after the Rabbit/Bonanza Creek claim was filed, gold was discovered on Eldorado Creek, a tributary of Bonanza. More than $30 million worth of gold (worth some $600-$700 million in today's dollars) was mined from the Eldorado Claim in 1896.
   1897 – Thomas Edison patented the Kinetoscope, the first movie projector.
    1900 -  Mrs. Adolph Ladenburg rides a horse astride in the society spa of Saratoga, NY, and causes a scandal which fortunately doesn't last long because one writer said of the incident, "Farm women have been riding astride as long as there have been horses."
    1903 - A Packard made the first completed automobile trip from San Francisco to New York City. The trip took 52 days.
    1903 – One of television’s early stars, Arthur Godfrey (1903-83), was born in NYC.  No TV personality in 1950s America enjoyed more clout or fame than Godfrey, until an infamous on-air incident involving the up-and-coming Julius LaRosa undermined his folksy image and triggered a gradual decline. At the peak of his success, Godfrey helmed two CBS weekly series and a daily 90-minute television mid-morning show, but, by the early 1960s, his presence had been reduced to hosting the occasional TV special.
    1903 – Iron Man Joe McGinnity won both games of a doubleheader for the third time this month. He struck out nine batters in the opener to win. The two games totaled three hours and three minutes.
    1904 – The first African-American Olympic medalist was George C. Poage of the Milwaukee Athletic Club, Milwaukee, WI, who participated in the Third Olympiad at St. Louis, MO. He placed third in the 400-meter hurdles on August 31 and third in the 200-meter hurdles on September 1.
    1907 – Birthday of Edgar Sampson (1907-73) in New York City.  Great jazz arranger and also composer of “Blue Lou,” “Stompin’ at the Savoy,” “Don’t Be that Way,” much other swing literature.
    1908 – Writer William Saroyan (1908-81) was born in Fresno, CA.  “The Human Comedy.”  In the preface to “The Time of Your Life,” which won the 1940 Pulitzer Prize for Drama, which he refused, he urges:  “In the time of your life, live so that in that good time there shall be no ugliness or death for yourself or for any life your life touches. Seek goodness everywhere, and where it is found, bring it out of its hiding place and let it be free and unashamed.” Saroyan left school at the age of 15 but continued his education by reading and writing on his own, living on his writing from 1920. His stories of the Great Depression celebrated the joy of living in spite of poverty and insecurity. I worked with his brother who was controller at KGO-TV and a very generous man.
    1909 - The A.J. Reach Company was granted a patent for its cork-centered baseball, which will replace the hard rubber-cored one.
    1910 - Glenn Hammond Curtiss flew his biplane over Lake Erie from Euclid Beach Park, Cleveland, OH, to Cedar Point, Sandusky, OH. He flew at an altitude between 400 and 500 feet. The trip took 78 minutes nonstop over a distance of 70 miles to make the first flight over water.
    1911 – The Sullivan Act requiring New Yorkers to possess licenses for firearms small enough to be concealed comes into effect.  Private possession of such firearms without a license was a misdemeanor and carrying them in public was a felony. The act was named for its primary legislative sponsor, state senator Timothy Sullivan, a notoriously corrupt Tammany Hall politician.  According to New York City historian George Lankevich, the Act was passed so that Sullivan could have friends in the police force plant handguns on his rivals and take them to jail.
    1913 – Ray Dandridge (1913-94), who many consider the finest 3B in Negro League history, was born in Richmond, VA.  He is one of two Negro League third baseman selected to the Baseball Hall of Fame, inducted in 1987.
    1917 – At Fenway Park, Babe Ruth won his 20th, beating the Philadelphia A’s, 5-3.   He finished with a 24-13 record and a 2.01 ERA.  He recorded 6 shutouts and 35 complete games, a total that has only been exceeded once in Major League history since, by Bob Feller in 1946.   This followed 1915 when he was 18-8, 2.44 and 1916 at 23-12, 1.75.   
    1918 - Birthday of Kenneth S. (Kenny) Washington (1918-71) at Los Angeles, CA. After gaining All-American football honors at UCLA where he was a teammate of Jackie Robinson, Washington and Woody Strode became the first blacks to play in the NFL after World War II, signing with the Los Angeles Rams and breaking the league’s color barrier. He played three seasons and then retired to a career in business.
    1918 – Alan Jay Lerner (1918-86) of the songwriting team of Lerner and Loewe was born in NYC.  He created some of the world's most popular and enduring works of musical theatre for both the stage and on film. He won three Tony Awards and three Academy Awards, among other honors.  Their first hit was “Brigadoon” (1947), followed in 1951 by the less successful “Paint Your Wagon.”  In that same year Lerner also wrote the Oscar-winning original screenplay for “An American in Paris.”  In 1956, Lerner and Loewe unveiled “My Fair Lady.”  “Camelot” followed in 1960.
    1920 - The first ever news program was broadcast by the radio station 8MK in Detroit, Michigan. The station had opened its service on August 20.
    1920 - John Lloyd Wright second son of Frank Lloyd Wright, was issued a patent for "Toy-Cabin Construction," which are known as Lincoln Logs; U.S. patent 1,351,086.  Lincoln Logs were invented sometime around 1916-1917 when John Lloyd Wright was working in Japan with his father.  The mold for the toy was based on the architecture of the Imperial Hotel in Tokyo, designed by the inventor's father. The foundation of the hotel was designed with interlocking log beams, which made the structure "earthquake-proof".  The toy and its inventor entered the Toys Hall of Fame in 1999. 
    1923 – Giants owner Charles Stoneham was indicted by a federal grand jury for perjury and mail fraud. He had denied any ownership in two bucket-shop operations that had been found guilty of stock frauds; creditors of the two firms claimed he retained financial interests in both. Other NL owners were rumored to be forming a pool to buy him out, but Stoneham stayed out of jail and in the NL.  The team eventually passed upon his death in 1936 to his son, Horace, who would oversee the relocation of the Giants to San Francisco before selling the team in 1976.
    1928 - Bertolt Brecht's “The Three-penny Opera" ("Die Dreigoschenoper") with music by Kurt Weill was premiered in Berlin with Lotte Lenya.  By 1933, when Weill and Brecht were forced to leave Germany by the Nazi regime, the play had been translated into 18 languages and performed more than 10,000 times on European stages.  Songs from “The Threepenny Opera” have been widely covered and become standards, most notably "Die Moritat von Mackie Messer" ("The Ballad of Mack the Knife") and "Seeräuberjenny" ("Pirate Jenny"). In 2015, the Library of Congress added "Mack the Knife" by Louis Armstrong and Bobby Darin to the National Recording Registry.
    1928 - Birthday of Academy Award-winning actor James Coburn (1929-2002) at Laurel, NE. He rose to fame as the knife thrower in “The Magnificent Seven” and became known for his tough-guy roles in films such as “The Great Escape,” “In Like Flint,” and “Our Man Flint.”  He received an Oscar for his supporting role in 1999’s “Affliction.” 
    1934 - The first College All-Star Football Game, matching the defending NFL champion against team of college seniors from the previous season, was played at Chicago’s Soldier Field. Organized by sportswriter Arch Ward, the same writer who thought of the first Major League All-Star Game, the game was an annual charity affair played through 1976.   In the first game, the Chicago Bears and the All-Stars played to a 0-0 tie before a crowd of 79,432.
    1935 - In an attempt to stay out of the growing turmoil in Europe, the United States passed the first Neutrality Act.  Also, the act of exporting US arms to belligerents was prohibited by an act signed by President Roosevelt.
    1935 – Frank Robinson was born in Beaumont, TX.  Robinson attended McClymonds HS in Oakland, California, where he was a basketball teammate of NBA Celtics Hall of Famer Bill Russell, and a baseball teammate of future Major Leaguers Vada Pinson and Curt Flood. The only player to win league MVP honors in both the National and American Leagues, he won the Triple Crown, was a member of two World Series champions (the 1966 and 1970 Baltimore Orioles) and retired with the fourth-most career home runs at the time of his retirement (he is currently 10th). Robinson was elected to the Baseball Hall of Fame in 1982.  Robinson was the first African-American manager in Major League history, managing the Cleveland Indians during the last two years of his playing career, compiling a 186–189 record. He went on to manage the SF Giants, Baltimore Orioles, and the Montreal Expos/Washington Nationals.
    1936 – Birthday of Marva Collins (1936-2015) in Monroeville, AL.  She founded Chicago’s Westside Preparatory School in 1975 in Garfield Park, Illinois, that transforms so-called “unteachable” ghetto children into scholars.
    1938 - Frank Sinatra, 23, cuts “All or Nothing at All” with James Band, Columbia records.
    1939 - At noon, despite threats of British and French intervention, Nazi leader Adolf Hitler signs an order to attack Poland, and German forces move to the frontier. That evening, Nazi S.S. troops wearing Polish uniforms staged a phony invasion of Germany, damaging several minor installations on the German side of the border. They also left behind a handful of dead German prisoners in Polish uniforms to serve as further evidence of the alleged Polish attack, which Nazi propagandists publicized as an unforgivable act of aggression. At dawn the next morning, 58 German army divisions invaded Poland all across the 1,750-mile frontier. Hitler expected appeasement from Britain and France--the same nations that had given Czechoslovakia away to German conquest in 1938 with their signing of the Munich Pact. However, neither country would allow Hitler’s new violation of Europe’s borders, and they presented Germany with an ultimatum: Withdraw by September 3 or face war with the Western democracies. At 11:15 a.m. on September 3, a few minutes after the expiration of the British ultimatum, Prime Minister Neville Chamberlain appeared on national radio to announce solemnly that Britain was at war with Germany. Australia, New Zealand, and India immediately followed suit. Later that afternoon, the French ultimatum expired, and at 5:00 p.m. France declared war on Germany. The European phase of World War II began.
    1939 – Jerry Allison was born in Hillsboro, TX.  One of the original Crickets with Buddy Holly, Allison co-wrote their hits, “That’ll Be the Day” and “Peggy Sue,” which went to #1 and #3, respectively, on the Billboard Hot 100.
    1940 – St. Cecilia HS football coach, Vince Lombardi (27), married Marie Planitz at Our Lady of Refuge Church in The Bronx.
    1943 – USS Harmon, a destroyer, the first Navy ship to be named after an African American, was commissioned.  It was named after Mess Attendant Leonard Roy Harmon (1917-42) who was posthumously awarded the Navy Cross for his actions on the USS San Francisco at Guadalcanal where he was killed in action.
    1945 – Sir Van Morrison was born George Ivan Morrison in Pottinger, Northern Ireland. His biggest hit is the top 10 song “Domino,'' released in 1970.
    1945 – World renowned violinist and conductor Itzhak Perlman was born in Tel Aviv in what was then known as Palestine, part of the British Empire.  Coincidentally, he made his US debut on “The Ed Sullivan Show” on the same night as The Rolling Stones.
    1946 – Two-time Super Bowl-winning New York Giants head coach, Tom Coughlin, was born in Waterloo, NY.  After a long career as a college and NFL coach, he took over the New York Giants in 2004 and resigned after the 2015 season.  He is currently Executive Vice President of Football for the Jacksonville Jaguars, his original NFL team.  Including the postseason, his NFL coaching record is 182-157.
    1949 – Actor Richard Gere was born in Philadelphia.
    1950 - KOUMA, ERNEST R., Medal of Honor
Rank and organization: Master Sergeant (then Sfc.) U.S. Army, Company A, 72d Tank Battalion. Place and date: Vicinity of Agok, Korea, 31 August and 1 September 1950. Entered service at: Dwight, Nebr. Born: 23 November 1919, Dwight, Nebr. G.O. No.: 38, 4 June 1951. Citation: M/Sgt. Kouma, a tank commander in Company A, distinguished himself by conspicuous gallantry and intrepidity at the risk of his life above and beyond the call of duty in action against the enemy. His unit was engaged in supporting infantry elements on the Naktong River front. Near midnight on 31 August, a hostile force estimated at 500 crossed the river and launched a fierce attack against the infantry positions, inflicting heavy casualties. A withdrawal was ordered and his armored unit was given the mission of covering the movement until a secondary position could be established. The enemy assault overran 2 tanks, destroyed 1 and forced another to withdraw. Suddenly M/Sgt. Kouma discovered that his tank was the only obstacle in the path of the hostile onslaught. Holding his ground, he gave fire orders to his crew and remained in position throughout the night, fighting off repeated enemy attacks. During 1 fierce assault, the enemy surrounded his tank and he leaped from the armored turret, exposing himself to a hail of hostile fire, manned the .50 caliber machine gun mounted on the rear deck, and delivered pointblank fire into the fanatical foe. His machine gun emptied, he fired his pistol and threw grenades to keep the enemy from his tank. After more than 9 hours of constant combat and close-in fighting, he withdrew his vehicle to friendly lines. During the withdrawal through 8 miles of hostile territory, M/Sgt. Kouma continued to inflict casualties upon the enemy and exhausted his ammunition in destroying 3 hostile machine gun positions. During this action, M/Sgt. Kouma killed an estimated 250 enemy soldiers. His magnificent stand allowed the infantry sufficient time to reestablish defensive positions. Rejoining his company, although suffering intensely from his wounds, he attempted to resupply his tank and return to the battle area. While being evacuated for medical treatment, his courage was again displayed when he requested to return to the front. M/Sgt. Kouma's superb leadership, heroism, and intense devotion to duty reflect the highest credit on himself and uphold the esteemed traditions of the U.S. Army.
    1950 - Top Hits
“Mona Lisa” - Nat King Cole
“Play a Simple Melody” - Bing Crosby
“Sam’s Song” - Bing & Gary Crosby
“Goodnight Irene” - Red Foley and Ernest Tubb
    1950 - First baseman Gil Hodges of the Brooklyn Dodgers became the sixth player in Major League history to hit four home runs in one game. He was one of my favorite baseball players, and I got his autograph, too. He added a single as the Dodgers beat the Boston Braves, 19-3.
    1951 - *LYELL, WILLIAM F., Medal of Honor
Rank and organization: Corporal, U.S. Army, Company F, 17th Infantry Regiment, 7th Infantry Division. Place and date: Near Chup'a-ri, Korea, 31 August 1951. Entered service at: Old Hickory, Tenn. Birth: Hickman County, Tenn. G.O. No.: 4, 9 January 1953. Citation: Cpl. Lyell, a member of Company F, distinguished himself by conspicuous gallantry and outstanding courage above and beyond the call of duty in action against the enemy. When his platoon leader was killed, Cpl. Lyell assumed command and led his unit in an assault on strongly fortified enemy positions located on commanding terrain. When his platoon came under vicious, raking fire which halted the forward movement, Cpl. Lyell seized a 57mm. recoilless rifle and unhesitatingly moved ahead to a suitable firing position from which he delivered deadly accurate fire completely destroying an enemy bunker, killing its occupants. He then returned to his platoon and was resuming the assault when the unit was again subjected to intense hostile fire from 2 other bunkers. Disregarding his personal safety, armed with grenades he charged forward hurling grenades into 1 of the enemy emplacements, and although painfully wounded in this action he pressed on destroying the bunker and killing 6 of the foe. He then continued his attack against a third enemy position, throwing grenades as he ran forward, annihilating 4 enemy soldiers. He then led his platoon to the north slope of the hill where positions were occupied from which effective fire was delivered against the enemy in support of friendly troops moving up. Fearlessly exposing himself to enemy fire, he continuously moved about directing and encouraging his men until he was mortally wounded by enemy mortar fire. Cpl. Lyell's extraordinary heroism, indomitable courage, and aggressive leadership reflect great credit on himself and are in keeping with the highest traditions of the military service.
    1953 - Birthday of American composer Peter Scott Lewis, born San Rafael, CA.
    1954 - Hurricane Carol swept across eastern New England killing sixty persons and causing $450 million damage. It was the first of three hurricanes to affect New England that year
    1955 - William G. Cobb of the General Motors Corporation gave a publicly demonstration of a solar-powered car. It had 12 photoelectric cells made of selenium which converted light into electric current.  The current powered a tiny electric motor with a drive shaft connected to the rear axle by a pulley. It was to be the car of the future, with full production before 1960.
    1958 - Top Hits
“Nel Blu Dipinto Di Blu (Volare)” - Domenico Modugno
“Little Star” - The Elegants
“My True Love” - Jack Scott
“Blue Blue Day” - Don Gibson
    1958 - Fidel Castro, Che Guevara and their rag-tag rebel army begin their destruction of the US-supported and Mafia-controlled dictatorship. Juan Batista said he could control the “minor rebellion” and the US believed him, as well as decades of other dictators in Central and South American countries, who were supported because they were “anti-Communist.”
    1959 – The Dodgers’ Sandy Koufax established the National League strikeout record of 18 in a 5–2 win over the Giants in front of nearly 83,000 fans at the LA Coliseum, the largest ever to see a Major League game.  It broke the record held by Dizzy Dean.
    1963 - The Ronettes single, "Be My Baby" enters the charts.  Written by Jeff Barry, Ellie Greenwich and Phil Spector, in 2004, the song was ranked 22 by Rolling Stone in its list of The 500 Greatest Songs of All Time and described as a "Rosetta stone” for studio pioneers such as The Beatles and Brian Wilson who declared, “… 'Be My Baby' the greatest pop record ever made—no arguments here.”  In 1999, it was inducted in the Grammy Hall of Fame, and in 2006, the Library of Congress honored the Ronettes' version by adding it to the US National Recording Registry.
    1963 - "My Boyfriend's Back" by the Angels topped the charts and stayed there for 3 weeks.
    1966 - Top Hits
“Summer in the City” - The Lovin’ Spoonful
“Sunny” - Bobby Hebb
“See You in September” - The Happenings
“Almost Persuaded” - David Houston
    1968 - Cream's "Fresh Cream" enters the LP chart. It contains the hit single, "Sunshine Of Your Love."
    1968 - Decca Records releases what has been called The Rolling Stones most political song, "Street Fighting Man." The number was written after Mick Jagger attended a March 1968 anti-war rally at London's US embassy, during which mounted police attempted to control a crowd of 25,000. The single proved to be very popular but was kept out of the US Top 40 (reaching #48) because many radio stations refused to play it based on what were perceived as subversive lyrics.
    1968 – Former Major League pitcher Hideo Nomo was born in Japan.  Nomo pitched in 13 seasons in the Majors with 8 different teams, before retiring in 2008. He was 1995’s Rookie of the Year and he twice led the league in strikeouts.  He also threw two no-hitters and until 2015 had been the only Japanese pitcher in the Majors to do so.
    1970 – Debbie Gibson was born in Brooklyn.
    1971 – The low of 84 degrees and high of 108 degrees at Death Valley, CA, were the coolest of the month. The average daily high was 115.7 degrees that August, and the average daily low was 93.4 degrees
    1972 – US Olympic swimmer Mark Spitz wrapped up the Olympic butterfly double with a world record 54.27 in the 100m in Munich, having already won the 200m in world record time 2:00.70.  American 4 x 200m freestyle relay team of John Kinsella, Fred Tyler, Steve Genter and Spitz swim a world record 7:35.78 to beat West Germany for the gold medal.

    1973 – Paul McCartney receives a Gold record for “Live and Let Die.”
    1974 – Top Hits
“(You’re) Having My Baby” – Paul Anka
“I Shot the Sheriff” – Eric Clapton
“Tell Me Something Good” – Rufus
“The Grand Tour” – George Jones
    1974 – “The Partridge Family’’ television show ends, leaving David Cassidy free to pursue a solo music career.
    1974 – Carole King’s ‘Jazzman’ released in US.
    1976 – “Alice” premiers on TV. Linda Lavin played the title role in this CBS comedy that was based on the 1975 film “Alice Doesn’t Live Here Anymore.” Alice Hyatt was the new girl in town---a widow raising her son while trying to make ends meet by waitressing at a diner. She had dreams of making it big as a singer. Nine years later, Alice was able to leave her “temp” job for a gig. Lavin’s co-stars were: Vic Tayback as diner owner Mel Sharples, Philip McKeon as Alice’s son Tommy, Beth Howland as the waitress Vera Gorman, Polly Holiday as sassy waitress Flo Castleberry, Diane Ladd as Flo’s replacement Belle Dupree, Celia Weston as waitress Jolene Hunnicutt, Martha Raye as Mel’s mother Carrie and Marvin Kaplan as customer Henry Bessmyer. The last telecast aired on July 2, 1985.
    1976 - George Harrison is found guilty of "subconscious plagiarism" of the Chiffons hit "He's So Fine" in his "My Sweet Lord.”
    1978 – Emily and William Harris pled guilty to the kidnapping of Patty Hearst.

    1980 - Pat Benatar's "Crimes of Passion" LP enters the chart. The album features her signature song "Hit Me With Your Best Shot."
    1982 - Top Hits
“Eye of the Tiger” - Survivor
“Hurts So Good” - John Cougar
“Abracadabra” - The Steve Miller Band
“Fool Hearted Memory” - George Strait
    1984 - Lightning ignited several forest fires in Montana, one of which burned through 100,000 acres of timber and grassland.
    1985 - Bryan Adams' "Summer of '69" peaks at #5 on the pop singles chart while Billy Joel's "You're Only Human (Second Wind)" peaks at #9
    1985 - California's "Night Stalker" killer Richard Ramirez was captured by residents of an East Los Angeles neighborhood. His highly publicized home invasion crime spree terrorized the residents of the greater Los Angeles area, and later the residents of the San Francisco area, from June 1984 until August 1985.
    1987 - The largest preorder of albums in the CBS Records history occurred when 2.25 million copies of Michael Jackson’s "Bad" album were shipped to record stores. The LP was the follow up to "Thriller," the biggest Jackson-seller of all time which sold 35 million copies. The "Bad" album was successful by normal standards, but flopped compared to "Thriller," selling only 13 million copies.
    1987 - Eight cities in Washington and Oregon reported record high temperatures for the date, including Eugene, OR and Portland, OR with afternoon highs of 102 degrees. The high of 102 degrees at Portland smashed their previous record for the date by twelve degrees. Frost was reported in South Dakota. Aberdeen, SD established a record for the month of August with a morning low of 32 degrees, and Britton, SD dipped to 31 degrees.
    1988 - Five-day power blackout of downtown Seattle begins.
    1988 - Arbitrator George Nicolau ruled against the Major League owners in the "Collusion II” case, agreeing with the players' contention that the owners conspired to fix the free agent market after the 1986 season. Twelve players were granted no-risk free agency after the season, as well as monetary compensation.
    1989 - Thunderstorms developing along a stationary front spread severe weather from Minnesota to Indiana through the course of the day and night. Thunderstorms in Minnesota produced baseball size hail near Saint Michael and Hutchinson, and drenched Moose Lake with nine inches of rain in six hours. Tucson AZ hit 100 degrees for a record 79th time in the year, surpassing a record established the previous year.
    1989 - Arbitrator Thomas Roberts ordered the Major League owners to pay $10.5 million in damages as a result of their collusion against free agents after the 1985 season.
    1990 - Ken Griffey, Jr, 20, and Ken Griffey, Sr., 40, made Major League history by becoming the first father and son to play together in the same game. They played for the Seattle Mariners in a game against the Kansas City Royals.  Junior entered the Baseball Hall of Fame in 2016.
    1990 - Top Hits
“Vision of Love” - Mariah Carey
“Come Back to Me” - Janet Jackson
“If Wishes Came True” - Sweet Sensation
    1991 - Metallica's self-titled album debuts at No. 1 on Billboard's pop album chart.
    1995 - The Rock and Roll Hall of Fame and Museum opens in Cleveland. The city is argued to be the birthplace of rock beginning in the rooms of radio station WMMS, where disc jockey Alan Freed coined the term “rock 'n' roll'' in the early 1950s.
    1996 - Oklahoma State University defeated Southwest Missouri State University, 23-20, in the first Division I-A college football game to be decided in overtime. The game was tied, 17-17, at the end of regulation time. Under new rules effective that year, Southwest Missouri State go the ball first in overtime and kicked a 47-yard field goal. Oklahoma State then got the ball and answered with a 13-yard touchdown run.
    1997 - Lady Diana Spencer, former wife of Charles, Prince of Wales, was killed along with her companion Dodi Fayed in a car accident in Paris. Tests conducted by French police indicated that the driver, who also perished in the crash, was intoxicated and likely caused the accident while trying to escape the paparazzi photographers who were following them.
    2001 - Due to the fact Little League World Series star pitcher Danny Almonte is 14 years old, not 12 as required by the organization's rules, the Raulindo Paulino All-Stars are stripped of all its wins. The team, which had captured the heart of the community, finished third in Williamsport and were given a parade in New York and honored before a game at Yankee Stadium.
    2001 - Former minor leaguer Lawrence “Crash” Davis (1919-2001) died after a year-long bout with cancer. The 82-year old got a late-life shot of celebrity because of the 1988 movie “Bull Durham,” in which the main character played by Kevin Costner bore his name. Davis played 2B for the Philadelphia A’s, 1940-42. After serving in the Navy during World War II, he returned to pro baseball in 1946 but never made it back to the Majors. In 1948, he hit .315 with the Durham Bulls and set a Carolina League record with 50 doubles.
    2002 - Losing their 13th consecutive game at Shea Stadium to Randy Wolf and the Phillies, 1-0, the Mets complete the worst month at home in National League history. The Amazins' join the Seattle Pilots (August, 1969) and the Tigers (September, 1996) as teams that have not won a home game in a calendar month with at least ten games.
    2011 - Severe damage to homes and infrastructure occurs as wildfires sweep through the U.S. states of Oklahoma and Texas
    2015 – President Obama restored the Native American name, Denali, of Alaska’s Mount McKinley, North America’s tallest peak. 



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