New Hires/Promotions in the Leasing Business
and Related Industries

Kevin Berube was announced as Vice President, First American Healthcare Finance, Santa Ana, California. He is located in New York. He received the position October, 2024. Previously, he was Branch Manager, Enterprise Holdings (August, 2008 - December, 2017).
https://www.linkedin.com/in/kevin-berube-5229b8119/

Cynthia Klein was hired as Regional Sales Manager, Commercial Funding, Inc., St. Augustine, Florida, where she is located. Previously, she was Vice President, Capital Solutions Bancorp (January, 2022 - December, 2024). She joined AmeriFactors Financial Group, LLXC, April, 2018, Business Development Officer, remote Senior Business Development Manager (April, 2018 - January, 2022); Vice President, Bibby Financial Services (February, 2017 - April, 2018).
https://www.linkedin.com/in/cynthiadklein/

Amy Vogt, VP Communications & Marketing, ELFA, Washington D.C., Metro Area. She is located in Arlington, Virginia.  On Friday, December 13th, she said goodbye to her colleagues. She also posted in LinkedIn photos and a message that began:

"Today is my last day at ELFA, and I want to give a big THANK YOU to all the incredible people I’ve had the chance to work with. The ELFA team and members are truly the best around!"

She sent this email:"Dear Kit - I am writing to share some bittersweet news. I have accepted a new position and my last day at ELFA will be Fri, Dec. 13. While I'm sad to leave ELFA, which is a terrific organization, I'm looking forward to this new chapter (Thank you for being a media partner to ELFA and helping to spread the word about so many updates, events and initiatives over the years! I have truly valued our relationship and can't thank you enough for all your support. I wish you all the best in 2025 and beyond." 

Her Bio: Vice President, Communication and Marketing, Equipment Leasing and Finance Association, Washington, D.C. Metro Area (July, 2010 - December, 2024 - 14 years, 6 months.) Previously, she was at American Association of School, starting as Manager, Communications and Media Relations
(June, 2006), promoted Director, Public and Media Relations (July, 2008 - July, 2010); Manager, Communications and Media Relations (June, 2006 - June, 2008); Communications Manager, American Psychological Association (June, 2005 - May, 2006).
https://www.linkedin.com/in/amycvogt/

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Story Credit Financing Business Loans, SBA Loans, Working Capital
Balboa Capital Corp. Bankers Capital Black Rock Capital Investment, LLC BSB Leasing, Inc Calfund, LLC Dakota Financial	Financial Pacific Leasing Forum Financial Services, Inc. Gonor Funding Maxim Commercial Capital, LLC	North Mill Equipment Finance P&L Capital Corporation Quality Leasing Co. Inc. SLIM Capital, LLC TEAM Funding Solutions

Alphabetical list - click on company name to view more details

Here are funders who take "A" and "B" rated applicants. They are also more interested not in "application only."  They become more comfortable learning more, beyond reviewing financial statements and tax returns, additional collateral, learning more about the story behind the business as qualifiers.

To qualify for this list, the company must be a funder (as qualified by Leasing News) and are on the “Funder List” and not a "Broker” or “Super Broker.” 

Leasing News reserves the right to not list a company who does not meet these qualifications.

Funder List “A”
http://www.leasingnews.org/Funders_Only/Funders.htm

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

Name In Business Since Contact Website Leasing Association	Employees	Geo Area	Dollar Amount	Business Reports
Balboa Capital Corp. 1988 A Division of Ameris Bank since December 2021 Robert J. Rasmussen Chief Operating and Risk Officer 949-399-6344 robertjr@balboacapital.com https://www.balboacapital.com AACFB, ELFA, NEFA	229	USA	$3,000 - $5,000,000
Financial Pacific Leasing A subsidiary of Umpqua Bank 1975 Terey Jennings, CLFP 800.447.7107 tjennings@finpac.com www.finpac.com ELFA, AACFB (BBB)	140	USA	$5,000 - $100,000	BBB CNI Search
North Mill Equipment Finance 1959 David C. Lee DLee@northmillef.com 203-354-6001 www.nmef.com AACLB, ELFA	110	All 50 states	App Only: $15k to $250k App Plus: $250k - $1M
Maxim Commercial Capital, LLC 2009 Dana Freeman, Director Broker Relations 213-425-3163 Dana@maximcc.com https://maximcc.com AACFB, CLFP, ELFA, NEFA	30	Nationwide	$5,000 - $3 million
P&L Capital Corporation 1996 Phil Lieber 800.698.1686 phil@plcapital.com www.plcapital.com AACFB (Click for further description)	28	Nationwide	$10,000 (most clients are doing monthly or quarterly schedules)
Blue Bridge Financial, LLC 2010 877-439-1534 www.bluebridgefinancial.com NAELB, NEFA	35	United States	$20,000-$500,000 avg. size: $85,000
Quality Leasing Co. Inc. 1957 Paul Fogle, CLFP Managing Director 317.253.4415 pfogle@qualityleasingco.com Main: 317-253-4415 ex. 7680 www.QualityLeasingCo.com AACFB, ELFA, NEFA (click her for further description)	30	National Do not fund in HI or RI	$30,000 up to $3 million
BSB Leasing, Inc. 1992 Colorado, Hawaii Don Meyerson, Pres. DMyerson@bsbleasing.com www.bsbleasing.com NAELB (click here for further description)	16	National	$10,000 Minimum Application Only to $250,000 Financial Statement Transaction Up to $1MM Business Loans Up to $500K	BBB CNI 1 CNI 2 Search
TEAM Funding Solutions 1992 Ted Reynolds – Owner and President Jeff Deskins – Credit Manager App Submittal: Lynn Smith – Senior Broker Development Manager 888-457-6700 x115, Martin Lacayo – Broker Development Manager 888-457-6700 x106, Bill Baskerville – Broker Development Manager 888-457-6700 x114, Funding: Stephen Stuesser – CFO Jamie Moore – Marketing Manager Phone: 888-457-6700 x109, Enrollment Fax: 512-258-2322 www.teamfundingsolutions.com AACFB (Z)	13	48 states	$20,000 - $200,000	BBB CNI
Global Financial & Leasing Services, LLC 2008 Jerald Collens Broker Relationship Mgr. 480-478-7402 Jerald@gfrservices.com www.gfrservices.com AACFB, ELFA	12	All 50 states	$25,000 to $1 Million
Calfund, LLC 2000 Harry Saghian harry@calfundllc.com www.calfundllc.com	10	United States	$10K Minimum Loans Only, No Leases	BBB
Dakota Financial Charla Laird Sales & Marketing Manager 310-432-2935 Direct 858-212-4994 Cell 310.696.3035 fax charla@dakotafin.com 310.696.3030 x122 www.dakotafinancial.com AACFB	9	Nationwide	$10,000 to $1MM	BBB Search
Forum Financial Services, Inc. 1996 Tim O'Connor 972-690-9444 ext. 225 tim@forumleasing..com 275 West Campbell Road Suite 320 Richardson, Texas 75080 Fax: 972-690-9464 www.forumleasing.com AACFB (W)	7	Nationwide	$50,000 to $1.0 million. Our average size transaction is $250,000. Preferred Range $100,000 to $500,000 Does Subprime Leases
Bankers Capital 1990 James Aiksnoras - President 508-351-6000 Jamesa@bankers-capital.com www.bankers-capital.com AACFB (GG)	6	Nationwide - 50 States	$25,000 +	Search
SLIM Capital, LLC 2016 Shervin Rashti, CLFP, CEO (310) 499-2506 Main:  (310) 499-2562 x108 www.slimcapital.com AACFP. AACFB, CLFP (Footnote)	5	Nationwide	$25,000 to $2 million(Avg $200,000)
Gonor Funding 2001 Norman J. Gonor ngonor@gonorfunding.com 818.784.5444 Jason Gonor 818.402.6999 www.gonorfunding.com (Y)	3	USA	$10,000 to $100,000 with an average of $25,000 - $35,000 Does Subprime Leases

 

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Leasing and Finance Industry Help Wanted
Excellent Compensation/Marketing Support

Scott Wheeler, Wheeler Business Consulting,
is asking for your assistance

He has facilitated an annual survey of originators' production numbers and incomes. This survey will end Wednesday; last two days: Today and Wednesday.

2024 has been a transitional year for many originators and these results will be of interest to originators throughout the industry. Your participation is greatly appreciated and is needed to increase the value of the data. 
The survey requires will only take a few minutes.

Start the survey by clicking here
https://www.surveymonkey.com/r/3SYMT53

Last year's survey results can be accessed by clicking here:
https://www.wheelerbusinessconsulting.com/wheeler-business-consulting-llc-compensation-survey.html

Questions and suggestions regarding the survey are welcome. Phone: 410-877-0428
email: scott@wheelerbusinessconsulting.com

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Top Ten Most Read by Readers
December 9 to December 13

(1)  New Hires/Promotions in the Leasing Business
and Related Industries
https://leasingnews.org/archives/Dec2024/12_13.htm#hires

(2) New Hires/Promotions in the Leasing Business
and Related Industries
https://leasingnews.org/archives/Dec2024/12_11.htm#hires

(3) New Hires/Promotions in the Leasing Business
and Related Industries
https://leasingnews.org/archives/Dec2024/12_09.htm#hires

(4) AP Equipment Financing
Primarily Goes Remote
https://leasingnews.org/archives/Dec2024/12_13.htm#ap2

(5) Changing Times in Banking and Finance
  By William (Bill) Verhelle
Founder QuickFi, Harvard Partners & First American
https://leasingnews.org/archives/Dec2024/12_11.htm#changing

(6) AP Equipment Financing Secures $200 Million
Credit Facility from Wells Fargo
https://leasingnews.org/archives/Dec2024/12_13.htm#ap

(7) U.S. Transfers $20 Billion Loan to Ukraine
Backed by Russian Assets
https://www.nytimes.com/2024/12/10/us/politics/20-billion-dollar-loan-ukraine.html

(8) Top Countries by Computer Power
Based on the Top 500 Ranking of Supercomputers
https://leasingnews.org/archives/Dec2024/12_11.htm#comp

(9) Maybe We Have It Backwards
By Ken Lubin, ZRG Partners, Managing Director
https://leasingnews.org/archives/Dec2024/12_09.htm#maybe

(10) Why You Will Fail to Have a Great Career
By Ken Lubin, ZRG Partners, Managing Director
https://leasingnews.org/archives/Dec2024/12_13.htm#why

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2025 Commercial Finance/Leasing Finance
Conferences and Forums – Updated

February 11-12. SFNet’s Asset-Based Capital Conference, Wynn, Las Vegas, Nevada.
Our Introduction to Asset Based Lending curriculum provides participants a broad overview of the ABL industry, touching all key fundamental aspects of all roles responsible for sourcing, underwriting and managing a profitable loan.
https://www.sfnet.com/

Feb. 20 DeBanked, Miami, DeBanked Connect, Fontainebleau, Miami Beach, Florida
Broker Battle Returns: https://debanked.com/2024/11/are-you-the-top-broker/ There will also be 3 separate championships (Revenue Based Financing, SBA Lending, and Equipment Financing’ https://debanked.com/brokerbattle

February 23-25 ELFA Equipment Management Conference and Exhibition, JW Marriott, Las Vegas, Nevada https://tradeshowz.com/event/2925#google_vignette
Attending Listing: https://cvdata.elfaonline.org/cvweb/cgi-bin/utilities.dll/customList?QNAME=ATTENDEEL

March 4-March 6 Funders Forum & Broker Expo, Hollywood, Florida
https://thefundersforumbrokerexpo.com/fl/

March 11-13 National Equipment Finance Association Spring Conference, Oni, La Costa Resort & Spa, Carlsbad, California.
https://www.nefassociation.org/event/2025-spring-conference/

April 9–10 NVLA Conference, Clearwater Beach, Florida –Early Bird Registration Open https://www.nvla.org/events/EventDetails.aspx?id=1912595&group=
https://www.linkedin.com/posts/national-vehicle-leasing-association_national-vehicle-leasing-association-nvla-activity-7266910489354346497-lqCv/

April 9-April 11 AACFB Annual Conference,
Las Vegas, Nevada – Sponsor/Exhibitor Prospectus
https://higherlogicdownload.s3.amazonaws.com/NAELB/428526f6-ca58-4f47-9a01-08937fe2f53f/UploadedImages/2025_AACFB_Sponsorship_Prospectus_-_FINAL.pdf

April 15-17 ELFA National Funding Conference
Chicago, Illinois
https://www.elfaonline.org/education-networking/national-funding-conference  
More Information: https://10times.com/national-funding-conference

September 10-12 AACFB Commercial Financing Expo, Austin, TX
https://members.aacfb.org/Conference

October 14-16 National Equipment Finance Association Fall Conference, Renaissance Minneapolis Hotel, Minneapolis, Minnesota
https://www.nefassociation.org/event/2025-fall-conference/

October 26-28 ELFA 64th Annual Convention
Marco Island, Florida
https://cvdata.elfaonline.org/cvweb/cgi-bin/eventsdll.dll/EventInfo?SESSIONALTCD=CONV2025

To be listed or to update: kitmenkin@leasingnews.org

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As End of Year Gets Closer, Here is Advice:
Understand the Regulations

What Tom McCurnin Learned from 40 Years
in Banking and Leasing  - Sixth and final part

Understand the Regulations - Appoint a Compliance Officer
I don’t want to dive into politics, but since the election of Donald Trump, the present administration has abandoned federal regulations for financial institutions. At first blush, this sounded like a great idea, but there were unintended consequences. The abject failure of the Consumer Financial Protection Bureau (CFPB) to regulate the explosion in finance companies has caused two states (California and New York) to undertake their own regulation of the financial services industry.

California has a comprehensive licensing statute with interest rate disclosure, to be further developed this year by the California Department of Business Oversight. New Jersey to follow. New York may have interest rate disclosure by 2020. 

The California Department of Business Oversight (DBO) has enacted licensing requirements and interest rate disclosure.  It is aggressively policing its requirements as a direct result of the federal government backing out of the space. With licensing, there are a number of other regulations which must be understood by licensees. 

▪ Appoint a Compliance Officer. Most financial institutions have appointed a person to be in charge of regulatory compliance. It is this person’s job to make sure that the company complies with all regulations. Of course, this person should consult appropriate lawyers who know regulations and should attend conferences on the subject. 

▪ Timely File Annual Reports In California, these reports are due in March. If you’ve moved or not received your reminder card, you still have to renew your license. There may be significant fines for letting the license expire. 

▪ Deals Done Without a License Will Subject You To Fines. If your company has done California loans without a license, or while the license was expired, expect to be fined. The fine can be as large as $2,500, but is usually significantly less. Nevertheless doing a couple hundred deals will probably warrant a five figure fine. 

▪ Understand the Regulations. Along with your license, the DBO has enacted about 20 pages of regulations.  They are not difficult to read and understand. Somebody at your company should read them and report back to management. The current trip wires for the DBO are paying commissions to unlicensed brokers or if you are a broker, receiving commissions while not being licensed. 

▪ Understand the Regulations of Other States. Most good leasing attorneys can conduct a 50 state survey of licensing requirements. Some states have no lending license requirements, except for small dollar, less than $10,000 commercial loans. Other states have that threshold at $5,000. Your compliance officer should know all the requirements for loans and leases made by your company in the states you operate. 

Written by Tom McCurnin, now retired
Leasing News April 18, 2019
https://leasingnews.org/archives/Apr2019/04_18.htm

Tom McCurnin Joins Leasing News Advisory Board
https://leasingnews.org/archives/Dec2011/12_16.htm#mccurnin

News Briefs

How Much is Your State Losing by Not Legalizing  
  Cannabis? - $5 Billion in Tax Revenue up for Grabs               
     in Non-Legal States Right Now!
https://www.linkedin.com/pulse/how-much-your-state-losing-legalizing-cannabis-5-billion-dalton-iqhde/

Kennedy’s Lawyer Has Asked the F.D.A. to
    Revoke Approval of the Polio Vaccine
https://www.nytimes.com/2024/12/13/health/aaron-siri-rfk-jr-vaccines.html

What the Polio Vaccine Has Meant
    for Public Health
https://www.nytimes.com/2024/12/13/health/polio-vaccine-placebo.html

Trump eyes privatizing U.S. Postal Service,
    citing financial losses
https://www.washingtonpost.com/business/2024/12/14/trump-usps-privatize-plan/

Charted: The Number of Babies Born Every Hour,
    by Country
https://www.visualcapitalist.com/charted-the-number-of-babies-born-every-hour-by-country/#google_vignette

 

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Community Facilities Direct Loan
   & Program - USDA Loan
Raja Maan/Commercial Finance
https://www.linkedin.com/pulse/community-facilities-direct-loan-grant-program-usda-raja-maan-6pmrc/?trackingId=waXRUYnwSwWVkOUWBkR3qQ%3D%3D

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Sports Briefs---

Buffalo and Detroit, forever connected,
can finally dream of a Rust Belt Super Bowl
https://www.nytimes.com/athletic/5990283/2024/12/13/buffalo-detroit-bills-lions-super-bowl/

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California News Briefs---

Historic East Bay winery lands new owner
   in deal that tops $15 million
https://www.eastbaytimes.com/2024/12/11/east-bay-livermore-wine-economy-store-build-farm-agriculture-history/

These Sonoma wineries support local and
internationally-known artists
https://www.pressdemocrat.com/article/news/bartholomew-estate-winery-ledson-winery-vineyards/

Pour it forward this holiday season with
local wines that give back
https://www.pressdemocrat.com/article/lifestyle/holidays-wine-gift/

Bordeaux meets Sonoma at this secret winery
   in Chalk Hill
https://www.pressdemocrat.com/article/lifestyle/acaibo-winery-sonoma-county/

How Napa Valley has become the benchmark
for global wine tourism
https://www.the-buyer.net/insight/how-napa-valley-has-become-the-benchmark-for-global-wine-tourism

Mouton-Rothschild Pays Tribute to the Late
Baron Philippe with New Label
https://www.winespectator.com/articles/mouton-rothschild-pays-tribute-to-the-late-baron-philippe-with-new-label

The Best Ports of 2024
When it comes to great ideas for Christmas presents...
https://www.wine-searcher.com/m/2024/12/the-best-ports-of-2024

Exclusive-Trump tariff plan puts $3 billion
in Diageo, Becle tequila imports at risk
https://www.msn.com/en-us/money/other/exclusive-trump-tariff-plan-puts-3-billion-in-diageo-becle-tequila-imports-at-risk/ar-AA1vFaaa?ocid=finance-verthp-feeds

Is the US Wine Market Through the Worst?
where the US wine market is heading next.
https://www.meiningers-international.com/wine/insights/us-wine-market-through-worst?_bhlid=8f22d7e119de62db87fd8aade156a3d9781fad06

Visit Napa Valley and Forbes Travel Guide
Partner to Elevate Regional Hospitality Excellence
https://www.winebusiness.com/news/article/296199

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Gimme that Wine

 

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

Best rosé wines in Paso Robles
    for the holidays
https://pasoroblesdailynews.com/best-rose-wines-in-paso-robles-for-the-holidays/206235/?utm_source=rss&utm_medium=rss&utm_campaign=best-rose-wines-in-paso-robles-for-the-holidays

Generation snowflake: how can brands get more
people to drink rosé this Christmas?
https://www.thedrinksbusiness.com/2024/12/generation-snowflake-will-we-be-drinking-more-rose-this-christmas/

Unpaid workers at bankrupt Reynoso Vineyards
demand wages owed to them as far back as May
https://www.northbaybusinessjournal.com/article/news/reynoso-vineyards-sugarloaf-wine-unpaid-workers/

An Olympic Village of Agtech Innovation": Central Valley  
  Group's New Incubator to Spur Development of
Autonomous Robots and Tractors
https://www.winebusiness.com/news/article/295973