Leasing News - information, news, education and entertainment for the commercial bank, finance and leasing industry

######## surrounding the article denotes it is a press release, it was not written by Leasing News nor has the information been verified, but from the source noted. When an article is signed by the writer, it is considered a byline. It reflects the opinion and research of the writer.

New Hires/Promotions in the Leasing Business
and Related Industries

Michael Bamesberger was hired as Sales Support Specialist, Amur Equipment Finance, Grand Island, Nebraska. He is located in San Francisco, California. He previously was at Ancestry, starting September 2017, Software Engineer, Genomic Algorithms, promoted February, 2023, Senior Software Engineer, Genomic Algorithms.
Full Bio:
https://www.linkedin.com/in/michaelbames/details/experience/
https://www.linkedin.com/in/michaelbames/

Lauren Moulton was hired as Account Executive, Jules and Associates, Costa Mesa, California. She is located in Newport Beach, California. Previously, she was at SLIM Capital LLC, starting November, 2019, Marketing Finance Intern, promoted Account Executive (June, 2021 - June, 2024).
https://www.linkedin.com/in/lauren-moulton-348871162/

Jill Vogel, CLFP, was hired as Senior Business Financial Partner, Alta Equipment Company, New Hudson, Michigan. She is located in Macomb Township, Michigan. Previously, she was President, COO, Milestone Capital Holdings (fka Lease Cwith Lease Corporation of America) (March, 2021 - June, 2024); Senior Business Financial Partner, Alta Equipment Company (June, 2024 - Present). She began her career at Lease Corporation of America, May, 1997, promoted VP Operations, May, 2004.
https://www.linkedin.com/in/jill-vogel-clfp-283b3b35/

Yasmin Williams was promoted to Project Manager, Reliant Capital, Irvine, California. She is located in Costa Mesa, California. She joined Reliant Capital October, 2019, Funding Specialist, promoted to Funding Lead, June, 2022, promoted Funding Manager (April, 2023 - June, 2024); Documentation Specialist, Partners Capital Group ( August, 2018 -- May, 2019).
Full Bio:
https://www.linkedin.com/in/yasmin-vargas/details/experience/
https://www.linkedin.com/in/yasmin-vargas

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

Clicklease Completes Securitization, Selling $220M
in Bonds to Expand Innovative Leasing Solutions

(Preface from Leasing News "Funders Looking for Broker Business," sent by long-time friend Doug Houlahan, Chief Commercial Officer: "Clicklease works with brokers that have Micro-ticket vendor relationships with an established flow of business.

Clicklease does not finance one-off end user transactions.

A Vendor Agreement is required for all vendors a Broker wishes to sign up with Clicklease.
We write true leases so exempt from licensing requirements." - Editor.)

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WEST VALLEY CITY, UTAH, -- Clicklease, a leading provider of innovative leasing solutions, is pleased to announce the successful completion of its first securitization and sale of bonds. This transaction was the securitization of 34,000 leases, totaling $220 million USD.

Bart Longson, Founder and CEO, said, “This securitization shows how strong our business model is and the confidence that investors have in Clicklease.”

“We are optimistic about the opportunities the closing of this transaction will create for our customers and partners."

Alex Nash, President of Clicklease, added, "The interest level we received in our company nationwide further validated our approach to leasing solutions and our belief in the Clicklease product. We are grateful for the support and trust from our investors, and we look forward to continuing our mission to revolutionize the leasing industry."

Clicklease offers small ticket equipment leasing options with its best-in-class technology and proprietary algorithms delivering instant decisions and funding, putting more control into the hands of equipment dealers. The success of this transaction will help further expand Clicklease's offerings and enhance its technological capabilities. Clicklease will continue to lead the equipment leasing industry.

Clicklease has strategically built a sophisticated business resulting in a robust portfolio of equipment leases. The company focuses on providing revenue-generating equipment essential to its small business customers. Clicklease helps small business owners get the equipment they need by offering fixed monthly payments, making equipment more accessible.

ATLAS SP Securities was the sole structuring agent and served as sole book runner on the transaction.

Thomas Pai, Head of Auto and Equipment Origination at ATLAS SP., explained, “Clicklease’s innovative leasing solutions empower small businesses to get the equipment they need, and we’re pleased to have supported the company on its first-of-its-kind micro-ticket 144a equipment ABS transaction.

“We look forward to continuing our partnership with Clicklease, providing businesses the support
needed to grow and succeed in today’s operating environment.”

Clicklease remains dedicated to empowering businesses by offering innovative and accessible leasing options. The successful bond sale is a pivotal moment for Clicklease, enabling it to continue to drive innovation and deliver exceptional value to our customers.

About Clicklease
Clicklease is a leading provider of leasing solutions, offering businesses flexible and accessible options to obtain the equipment they need. With a focus on innovation and customer satisfaction, Clicklease strives to make leasing simple, transparent, and affordable. To learn more, visit:
https://www.clicklease.com/

About ATLAS SP Partners
ATLAS SP is a global investment firm providing stable capital, financing, advisory and institutional products to market participants seeking innovative and bespoke structured credit and asset backed solutions. We’re proud to build upon a legacy of client excellence that includes certainty of execution, deep expertise and full-service capabilities across the asset management landscape. For more information, visit https://www.atlas-sp.com/

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

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Leasing and Finance Industry Help Wanted
Excellent Compensation/Marketing Support
Plus other openings for successful, growing funders

Better Tools. Better Data. Better Decisions.
AI program to help bring out best attributes

https://www.zrgpartners.com/about-zrg/tools

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Commercial Finance/Leasing Finance Conferences
2024

Sept. 4-5: AACFB Commercial Financing Expo, New Orleans, LA
https://expo.aacfb.org/home
Registration Now Open - click here

Sept. 23 - 24: B2B Finance Expo, Wynn, Las Vegas, NV
https://www.b2bfinexpo.com
https://leasingnews.org/archives/Jun2024/06_20.htm#b2b

Sept. 10-12: CFLA Conference, St. John's, NL, Canada
https://cfla-acfl.ca/cfla-annual-national-conference-2024.html
Hugh Swandel, President, Meridian OneCap Commercial Credit, will be covering the conference for Leasing News

Oct. 16-18: NVLA Conference, Clearwater Beach, Florida
https://www.nvla.org/page/2024conference
Sloan Schickler, Esq., Schickler & Schickler, wlll be covering the conference for Leasing News. She is also presenting there.

Oct. 27-29: 63rd ELFA Annual Convention, Austin, TX
Convention details
Bruce Kropschot, Senior Managing Director, The Alta Group, will be covering the ELFA Convention, as he has done for for Leasing News for many years

Nov. 11-14: NEFA Fall Conference, Indianapolis, Indiana
https://www.nefassociation.org/events/upcoming
Don Cosenza, CLFP, Senior Vice President of North Mill Equipment Finance, will be covering the conference for Leasing News

To be listed, email: kitmenkin@leasingnews.org

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Top Ten Leasing News Read by Readers
June 24 - June 28

(1) Sad News about Chesswood Group Limited
Sorry to See Barry Shafran Go in 2020
By Christopher Menkin, Editor
https://leasingnews.org/archives/Jun2024/06_24.htm#sad

(2) New Hires/Promotions in the Leasing Business
and Related Industries
https://leasingnews.org/archives/Jun2024/06_24.htm#hires

(3) New Hires/Promotions in the Leasing Business
and Related Industries
https://leasingnews.org/archives/Jun2024/06_28.htm#hires

(4) New Hires/Promotions in the Leasing Business
and Related Industries
https://leasingnews.org/archives/Jun2024/06_26.htm#hires

(5) Connecticut Disclosure Law Kicks
in July 1, 2024
By Ken Greene, Esq., Leasing New Emeritus
https://leasingnews.org/archives/Jun2024/06_26.htm#ct

(6) Illinois Disclosure, Licensing, and Database Bills
A significant shift in the state's financial landscape
By Ken Greene, Leasing News Emeritus
https://leasingnews.org/archives/Jun2024/06_28.htm#ill

(7) License and Registration United States
A State-by-State Analysis of License Requirements
for Lenders and Brokers
https://leasingnews.org/archives/Jun2024/06_26.htm#lic

(8) GreatAmerica Financial Services Celebration
By Lorraine Perkins, CLFP, Vendor Finance
posted on LinkedIn
https://leasingnews.org/archives/Jun2024/06_24.htm#ga

(9) ELFA Reports New Business was Down 7%
n May 2024 from April 2024
https://leasingnews.org/archives/Jun2024/06_28.htm#elfa

(10) Time Management
By Scott Wheeler, CLFP
https://leasingnews.org/archives/Jun2024/06_26.htm#time

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The Truck Drivers OOIDA Association Opposes
Exemption Request for Student Drivers
By Mark Schremmer, Landline Magazine

The Federal Motor Carrier Safety Administration shouldn’t grant motor carriers exemptions from safety regulations based on the false premise of a driver shortage, the Owner-Operator Independent Drivers Association said in formal comments to the agency.

Covenant Transport and Landair Transport – who are working jointly as Covenant Logistics – recently asked FMCSA for an exemption that would allow thousands of their student drivers to operate a commercial motor vehicle without a CDL holder in the passenger seat. The companies requested a two-year exemption that would apply to about 4,000 drivers annually.

Current regulations require a CDL holder with the proper class and endorsements to be seated in the front while a commercial learner’s permit holder is driving on public roads or highways. The exemption would allow Covenant Logistics student drivers who passed the skills test but have not yet received the CDL document to drive a commercial motor vehicle accompanied by a CDL holder “who is not necessarily in the passenger seat.”

OOIDA President President Todd Spencer said, “In reality, evidence from the federal government and industry analysis shows that driver turnover is the problem. For one, FMCSA estimates that over 400,000 new CDLs are issued every year. … The nation’s largest truck fleets routinely report annual turnover rates above 90%. Clearly, there is no shortage of drivers entering the industry.”

News Briefs

Legal Zoom Partners with BusinessLoans.com to
Offer Small Businesses Greater Access to Capital
https://finance.yahoo.com/news/legalzoom-partners-businessloans-com-offer-130500799.html

Prosecutors to Seek Guilty Plea From Boeing
Tied to 737 MAX Crashes
https://www.wsj.com/business/airlines/prosecutors-to-seek-guilty-plea-from-boeing-tied-to-737-max-crashes-0099eae0?mod=business_lead_story

Costner’s Costly ‘Horizon’
Bites Box Office Dust
https://www.nytimes.com/2024/06/30/business/kevin-costner-horizon-box-office.html

Michael Jackson Died With
$500 Million in Debt
https://www.nytimes.com/2024/06/28/arts/michael-jackson-debt.html

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TSA warns travelers ahead of Fourth of July travel week
https://www.sfgate.com/travel/article/fourth-of-july-holiday-travel-tsa-warning-19543333.php

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Sports Briefs---

Simon Biles in First Place Entering Final
Day of Olympic gymnastics Trials
https://www.washingtonpost.com/sports/olympics/2024/06/30/us-olympic-gymnastic-trials-live-results-simone-biles/

Harden staying with Clippers, Warriors
waive Paul, AP sources say
https://www.pressdemocrat.com/sports/?ref=menu

Giants pound Dodgers as Spencer Bevins surprises
with five strong innings
https://www.sfchronicle.com/sports/giants/article/giants-pound-dodgers-spencer-bevins-surprises-5-19548120.php

49ers’ Christian McCaffrey and model Olivia Culpo
tie the knot in Rhode Island
https://www.sfchronicle.com/bayarea/article/49ers-christian-mccaffrey-wedding-19547326.php

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California News Briefs---

Costco plans to build 800-unit apartment
in bid to ease housing crisis
https://nypost.com/2024/06/28/business/costco-teaming-up-with-developers-to-build-an-800-unit-apartment-complex-in-bid-to-ease-housing-crisis/

Opinion: As Oakland reaches a fiscal cliff
Mayor Sheng Thao
https://www.eastbaytimes.com/2024/06/22/opinion-as-oakland-reaches-a-fiscal-cliff-mayor-thao-plans-to-jump/ https://www.eastbaytimes.com/2024/06/22/opinion-as-oakland-reaches-a-fiscal-cliff-mayor-thao-plans-to-jump/

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Gimme that Wine

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

Labor-Related Class Action Lawsuits Filed
Against Napa Valley Wineries
https://www.winebusiness.com/news/article/289342

Paso Robles vineyard estate listed
on market for $3 million
https://pasoroblesdailynews.com/paso-robles-vineyard-estate-listed-on-market-for-3-million/193918/

Clos du Val 2021 Yettalil Stags Leap District is Only U.S.
Wine to Win Best in Show at Decanter World Wine Awards
https://www.winebusiness.com/news/article/289312

Sonoma County vintner claims damage from stray
Point Fire retardant drops
https://www.northbaybusinessjournal.com/article/industrynews/wine-smoke-taint-dry-creek-valley-point-fire/?pupeml=152777

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