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Correction & Update
Roglieri's Commercial Capital Training for Sale
By Ken Greene, Chief Legal Editor, Leasing News

Subsequent to the publication of my article on Friday, Sean Murray, President of Raharney Capital and publisher of deBanked, advised me that he, in fact, only purchased the assets of Commercial Capital Training Group (CCTG).

However, now Raharney has filed a motion in the United States Bankruptcy Court, Northern District of New York, asking the Honorable Patrick G. Radel to rescind a pending sale of some or all of the assets of National Alliance Commercial Loan Brokers (NACLB), as he appears to have his eye on this lucrative asset as well.

The sale of these assets will benefit the creditors of Kris Roglieri and his companies greatly, as Mr. Roglieri valued CCTG at $500,000 and NACLB at $1 million in his bankruptcy schedules.

Meanwhile, a company called Go Boost Events, who bid “successfully” at the auction and acquired, at least for now, NACLB, is already moving forward to have its “next” broker conference in Miami Beach.

Ken Greene
Law Office of Kenneth Charles Greene
5743 Corsa Avenue, Suite 208
Westlake Village, California 91362
Tel: 818.575.9095
Fax: 805.435.7464
ken@kengreenelaw.com
www.kengreenelaw.com

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New Hires/Promotions in the Leasing Business
and Related Industries

Heidi Christensen was promoted to Senior Executive Assistant, Fidelity Investments, Salt Lake City, Utah. She is located in South Jordan, Utah. She began as "Freeland" Executive Administrative Assistant, February, 2020, promoted September, 2025. Previously, Executive Assistant to Senior Vice President, Onset Financial (September, 2017 - February, 2020).
https://www.linkedin.com/in/heidi-christensen-7688b3121/

Joel Gonia, ASA, was hired as Director, Valuations, Suncorp Valuations, Louisville, Kentucky, where he is also located. Previously, he was Senior Review Appraiser/Partner, KATA M & E, LLC (February, 2013 - October, 2025); Senior Appraiser/President, Gonia Consulting, LLC., (June, 2003 - January, 2013); President and Auction House Operator, Best Appraisals & Auctions, Inc. (1986 - 2003).
https://www.linkedin.com/in/joelgonia/

Cody Jandik was promoted to Vice President of Revenue Operations, GreatAmerica Financial Services, Cedar Rapids, Iowa, where he is also located. He started at GreatAmerica May, 2011, Sales, Development Program; promoted Director of Business Development (August, 2011 - May, 2017); promoted May, 2017, Vice President of Sales, promoted Vice President
of Sales and Marketing (October, 2021 - September, 2025).
https://www.linkedin.com/in/codyjandik/

Gary Souverein was hired as President, Stellify Capital, LLC., Fort Collins, Utah, where he is also located. Previously, he was President, Windset Capital Corporation (2013 - November, 2016). He started Pawnee Leasing Corporation: Business Development Manager (1993 - 1999); Vice President, (1999 -2005).
https://www.linkedin.com/in/gary-souverein-54179211

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Channel Leadership Transition Ensures Continued Strategic Growth

Minnetonka, MN, October 13, 2025 – Channel, a national leader in equipment finance and working capital solutions, today announced key executive appointments to drive the company’s next phase of growth and innovation.

Adam Peterson has been appointed Chief Executive Officer of Channel. Since co-founding the company in 2009, Adam has played a central role in shaping Channel’s culture, operations, and strategic direction. Known for his visionary leadership and ability to inspire teams, he has consistently delivered strong performance across the company’s equipment finance and working capital offerings. Adam’s extensive network and collaborative relationships span the industry, enabling him to influence and mobilize partners, peers and stakeholders. His management of organizational growth and industry involvement, including eight years on the NEFA Board of Directors, serving as President in 2023, has earned him widespread respect as a trusted voice in the equipment finance industry.

“I am honored to step into the role of CEO at a time when expanded capabilities and strategic backing create opportunities to strengthen our long-standing relationships and accelerate new ones,” said Adam. “Channel was built on the principles of innovation, integrity, and partnership, and those values remain at the center of everything we do.”

Ryan Schlenner has been named Managing Director of Channel. Ryan brings more than 20 years of experience from U.S. Bank Equipment Finance, most recently serving as Vice President of Capital Markets. His deep expertise in funding strategy, portfolio performance, and partner development will be instrumental in supporting the CEO and advancing the company’s long-term growth initiatives.

Known for his ethics, collaborative approach, and commitment to meaningful partnerships, Ryan’s career has focused on the same values that define Channel, making him a natural fit to steer the company’s next phase of growth.

Brad Peterson, Co-Founder and current CEO, has announced his retirement. He will work closely with Adam and the leadership team over the coming months to ensure a seamless transition and remain connected to the company he helped build and scale. Brad will continue to provide strategic guidance and counsel to Channel as a member of the Executive Board. He looks forward to balancing his time between Channel, his home in Florida, and his passion for fishing, while continuing as a respected advocate for both the company and the broader industry.

“It’s been an incredible ride, and throughout my career, I’ve learned time and again that success is always about the relationships,” said Brad. “For 45 years, I’ve been fortunate to work alongside some of the best people in the industries I’ve served, with the last thirty in equipment finance. I am especially proud of the Channel organization that Adam, Jill [Fleck], and I founded 16 years ago. From the start, our focus has been on creating a business and culture grounded in trust, integrity, and doing the right thing, and I hold our team in the highest regard for their efforts. Beyond that, the support, friendships, partnerships, and shared accomplishments I’ve enjoyed throughout my career – with colleagues, peers, and partners alike – are the most meaningful part of my journey. I’ve truly enjoyed every step, and with excitement for what’s ahead, I’m proud to pass the reins to Adam who will continue carrying our mission forward.”

Adam noted, “With Ryan joining the leadership team and Brad continuing to provide strategic guidance, we are perfectly set to scale our capabilities, deepen our impact, and deliver long-term value to our partners and their customers.”

Justin Nielsen, Founder and CEO of Onset Financial, Channel’s parent company, underscored the importance of these leadership moves. “This leadership evolution reflects the depth of talent and vision that have always set Channel apart.

Brad’s longstanding reputation and marketplace influence remain invaluable assets to our organization. Both Adam and Ryan bring complementary perspectives and proven leadership to advance capital access, product offerings, and disciplined growth. Together, this team is exceptionally positioned to lead from the front: driving innovation, advancing product and program development, and continuing to build lasting and meaningful partnerships unlike any others across the marketplace.”

With more than $3 billion in assets across its business divisions and the financial capacity to continue to grow and scale, Channel remains committed to investing in its leadership, people, and platform. These appointments reinforce the organization’s track record of delivering strong capital structures, introducing creative finance product solutions, and expanded opportunities for its partners and their small business customers.

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About Channel | Established in 2009, Channel is a leading full-service independent lender offering a single source solution for both equipment finance and working capital to small businesses exclusively through equipment finance companies. To date, Channel has funded over $3 billion to more than 30,000 business in over 45,000 transactions across the U.S. With headquarters in Minnetonka, MN, the company also operates additional business units and locations in Kennesaw, GA, Mount Laurel, NJ, Des Moines, IA, and Marshall, MN.

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Top Ten Most Read by Readers
October 6 to October 10

(1) New Hires/Promotions in the Leasing Business
and Related Industries
https://leasingnews.org/archives/Oct2025/10_06.htm#hires

(2) Roglieri’s Commercial Capital Training For Sale?
By Ken Greene, Chief Leasing News Legal Editor
https://leasingnews.org/archives/Oct2025/10_10.htm#rog

(3) New Hires/Promotions in the Leasing Business
and Related Industries
https://leasingnews.org/archives/Oct2025/10_08.htm#hires

(4) New Hires/Promotions in the Leasing Business
and Related Industries
https://leasingnews.org/archives/Oct2025/10_10.htm#hires

(5) We Are Entering a Major Change to Our Financial
   Industry - AI has a Major Role, But Salesmanship
      Remains Valuable
         By Scott Wheeler, CLFP
https://leasingnews.org/archives/Oct2025/10_06.htm#we

(6) How Much It Costs to Drive an E.V.
and a Gas Car in Every State
https://www.nytimes.com/2025/10/08/upshot/ev-versus-gas-car-comparison-cost.html

(7) Funders Looking for Broker Business
Not Updated
https://leasingnews.org/archives/Oct2025/10_10.htm#looking

(8) Chasing success nearly burned me out
Living with purpose brought me back
By Ken Lubin, Managing Director, ZRG Partners
https://leasingnews.org/archives/Oct2025/10_06.htm#chase

(9) Proportion that Use each Generative AI System
Weekly
https://leasingnews.org/archives/Oct2025/10_10.htm#ppl

(10) We Are Entering a Major Change to Our Financial
     Industry - AI has a Major Role, But Salesmanship
        Remains Valuable
         By Scott Wheeler, CLFP
https://leasingnews.org/archives/Oct2025/10_06.htm#we

Leasing and Finance Help Wanted
Balboa Capital
We Are Growing Our Senior Sales Team Now

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Do I Give References Prior to an Offer?
Career Crossroads - By Emily Fitzpatrick/RII

While checking references is typically one of the last steps within the interview process, all formal applications require that you provide at least three business references. Not filling out this information will raise a red flag. Do not write, “Available upon job offer” or “available at a later time.”

You should feel comfortable enough with your references to provide them at any time they may be requested by the potential employer. Obviously, if employed, do NOT include references from your current employer!

Before ANY interview, be proactive and choose your references carefully (select at least six to seven career-oriented individuals to include at least three direct supervisors or C-level executives who worked with you) and then reach out to these individuals. First, request their permission to do so, try to get an idea if they will provide positive feedback, and thank them for their time. If you get a “gut” feeling that one of the individuals will not present you in a favorable light, then try a different reference (which is why we suggest selecting six to seven).

Take it further. Prior to any job search, why not request reference letters from previous employers, colleagues, and clients? Provide these at the time you submit your resume or during your first in-person interview.

Be prepared to provide the name, current job title and employer, relationship to the reference (how long/where you worked together), work/cell numbers and email addresses of each reference. Make sure email addresses are correct by sending a ‘test’ email. Ask the reference for their preferred mode of contact and the best time for them to take 15 minutes out of their day.

“ … Employer best practices include asking for permission prior to talking to anyone about you … most companies notify candidates that references will be checked, and you may be asked to sign a consent form ... some states have laws which regulate consent requirements and what an employer can ask about former employees … some of these laws provide employer protections and immunity from liability for disclosing employee information … however, in many states, the company doesn’t need your permission unless you have asked them not to contact your current employer …”

Provide only previous employer references. If a company requests CURRENT employer references, then you must write, “Available upon job offer.”

Emily P Fitzpatrick
Senior Executive Recruiter Career Consultant
Career Columnist
Recruiters International, Inc.
Pembroke Pines, FL 33025
Phone: 954-885-9241
Mobile: 954-612-0567
Email: emily@riirecruit.com
www.riirecruit.com
www.riicareer.com

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Conferences and Forums - Updated
Commercial Finance/Leasing Finance

October 14-16: National Equipment Finance Association Fall Conference, Renaissance Hotel, Minneapolis, Minnesota

Vicki Shimkus, CLFP, Balboa Capital Relationship Manager, will be covering the conference for Leasing News readers. Her email at this time is active at her Balboa Capital email address.

October 26-28: ELFA 64th Annual Convention, Marco Island, Florida
Register Deadline Dates:
https://members.nefassociation.org/Online/Online/Events/Event_display.aspx?EventKey=FLCONF25
Schedule:
https://www.elfaonline.org/education-networking/2025/annual-convention/schedule
Talent Pipeline Opportunity Fund awarding grants to attend ELFA Annual Convention
Register: https://www.elfaonline.org/education-networking/2025/annual-convention/register

Randy Haug, LTi Technology, will be covering the conference for Leasing News
October 28-29: DeBanked B2B Finance Expo, Wynn, Las Vegas, Nevada
B2B Finance Expo is back for its highly anticipated second edition at the Wynn Las Vegas! We're thrilled to once again partner with the Small Business Finance Association (SBFA) to deliver an even bigger and better experience, uniting top professionals in the commercial finance industry.
“Chief Editor Sean Murray announces: "SOLD OUT: Sponsorships to B2B Finance Expo in Las Vegas Have Sold Out."
Bob Coleman, Coleman Reports, will be a speaker. He is out with a new book: “Hard Time, Easy Money”
https://debanked.com/2025/07/coleman-reports-bob-coleman-is-out-with-a-new-book-easy-money-hard-time/
Questions? Email us at events@debanked.com

RISING To the Challenge
SFNet's 81st Annual Convention
November 11-13, 2025
Los Angeles, California
Full Information:
https://members.nefassociation.org/Online/Online/Events/Event_display.aspx?EventKey=FLCONF25
See List of Attendees:
81st Annual SFNet Convention | Secured Finance Network

Open for Members and non-members
$395, $295 for Members
Full Information
https://www.sfnet.com/home/81st-annual-convention

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Maxim Commercial Capital Delivered Creative Financing Solutions in Q3 2025
Alternative lender reliably funded deals and welcomed Lyndon Elam as COO

LOS ANGELES, CALIF. (October 13, 2025) – Maxim Commercial Capital (“Maxim”) announced it countered industry trends during the third quarter of 2025 by delivering essential hard asset secured financing to small and mid-sized businesses across the nation. Maxim is a national provider of loans and leases from $10,000 to $3 million collateralized by class 6 and 8 trucks, trailers, construction and agricultural heavy equipment, and real estate. The company fuels entrepreneurship by offering attractive financing rates and terms for underserved market segments, including startups and borrowers with challenged credit.

“It was a noteworthy quarter for our team,” noted Michael Kianmahd, Maxim’s CEO. “Despite the industry-wide slowdown in originations, we stayed on course to structure and fund deals during trying economic and market conditions. We were thrilled to welcome Lyndon Elam as Chief Operating Officer and continued to develop and roll out performance enhancing technology tools.”

Maxim experienced a good flow of applications for over-the-road (OTR) used truck and trailer financing during the period. While strong demand held used truck prices steady, many lenders retracted, leaving vendors and buyers scrambling for reliable financing. Funded deals during the period included a $45K 2020 Kenworth T680 with 528K miles for 26% down for a subprime startup owner operator with a 621 FICO; a $48K 2020 Kenworth T680 with 501K miles for 25% down for an experienced subprime owner operator with a 581 FICO; and a $23K 2020 Utility Dry Van for an existing customer with challenged credit for 25% down.

In addition to OTR trucks and trailers, Maxim is a leader in financing vocational trucks, such as tow trucks and dump trucks, and helping borrowers consolidate expensive MCA debt by lending against owned heavy equipment and real estate. As equipment leasing rates became more expensive during the period, Maxim received applications from borrowers with strong contracts seeking to purchase equipment.

Creatively structured deals during the third quarter include 60% purchase financing for a newer, rapidly growing construction company to buy a $40K 2025 Equipter RB4000 to improve efficiency on construction sites. Traditional lenders had turned down the business owner due to her 681 FICO, newly opened $60K auto loan, and $25K in student loan debt. Another startup entrepreneur with a business plan to haul construction material and a committed driver got the $106K 2020 Mack GRANITE 104BR Dump Truck she wanted for 34% down, despite her 541 FICO and discharged bankruptcy from 2018.

“One reason I was attracted to join Maxim is their creative, flexible approach to working with equipment vendors, finance brokers, and borrowers,” said Lyndon Elam. “Our team takes the time to optimize financing structures, such as by asking about excess equipment or real estate collateral to improve advance rates or helping a borrower understand true affordability based on cash flow. This results in high approval to submission rates which is a key goal for all lenders.”

About Maxim Commercial Capital
Maxim Commercial Capital helps small and mid-sized business owners nationwide by providing loans and leases (“financing”) from $10,000 to $3 million secured by trucks, trailers, heavy equipment, and real estate. It funds equipment purchase financings and leases, working capital, and debt consolidations. Maxim’s more creative financing structures leverage equity in real estate and owned heavy equipment to facilitate growth and preserve customers’ cash. As a leading provider of transportation equipment financing, Maxim supports startup and experienced owner-operators and non-CDL small fleet owners by funding loans and leases for class 8 and class 6 trucks, trailers, and reefers. Learn more at www.maximcc.com or by calling 877-776-2946.

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