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Wednesday, September 18, 2024


Today's Leasing News Headlines

New Hires/Promotions in the Leasing Business
    and Related Industries
BriteCap Financial LLC Announces
    Richard Henderson as New CEO
Leasing and Finance Industry Help Wanted
  25 Positions with Attractive Income & Benefits
    Many Work Remote
For Originators at All Levels
    By Scott Wheeler, CLFP
Survey Finds Top Truck Stop Amenities
    Ensuring Safety for Female Truck Drivers
NVLA Conference October 16 - 18
   Soaring to New Heights

    By Tarry Shebesta, NVLA President
ELFA Announces Donna Yanuzzi Will Receive
    2024 Distinguished Service Award

News Briefs
Budgets for base salaries expected to soar
    again in 2025 for a third Year in a Row
Alaska Airlines’ Acquisition of Hawaiian Airlines
    Cleared by Regulator
Elon Musk is on track to soon become the
    world’s first trillionaire
US administration formally extends review
    of U.S. Steel deal, pushing decision past election
Delaware bankruptcy court says Yellow
    owes $6.5 Billion withdraw liability,
    stock drops 90%

You May Have Missed ---
Fancy a rum and Coke in a can? Coca-Cola
    signs new deal with Bacardi

Sports Briefs
   California News
    "Gimme that Wine"
 This Day in History
  SuDoku
   Daily Puzzle
    GasBuddy
     Weather, USA or specific area
      Traffic Live----
       Wordle

######## 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.

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


Dallas Bardwell was hired as Vice President of Sales, Dext Capital, Oswego, Oregon.  He is located in the Portland, Oregon Metropolitan Area. Previously, he was Senior Sales Executive, JB&B Capital (August, 2023 - September, 2024); Senior Sales Manager, Tandem Finance (November, 2020 - August, 2023).
https://www.linkedin.com/in/dallas-bardwell-79100411a/


Bruce Moffat was elected Vice-President, Northlend Equipment Finance, Ontario, Canada. He is located in the Greater Toronto Area, Canada. Previously, he was Vice President, Sales, Canada, ECN Capital (March, 2010 - January, 2018); Account Executive, Travelers Financial (September, 2009 -March, 2010); Business Development Manager, Alter Moneta Corporation (May, 2008 - August, 2009). Full Bio:
https://www.linkedin.com/in/bruce-moffat/details/experience/
https://www.linkedin.com/in/bruce-moffat/


Michael White was promoted to Global Program Manager, Energy Transition, DLL, Wayne, Pennsylvania. He has been with DLL for 16 years, eight months, starting February, 2008 as Risk Analyst.  Full Bio:
https://www.linkedin.com/in/mikewhitedll/details/experience/
https://www.linkedin.com/in/mikewhitedll/


[headlines]
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BriteCap Financial LLC Announces
Richard Henderson as new CEO

BriteCap Financial LLC , a leading non-bank lender providing small businesses with fast, convenient financing alternatives such as working capital loans, announces the appointment of Richard Henderson as the company’s new CEO. 


Outgoing CEO Sri Kaza said, “I’m proud to see Rick take the helm at a time when BriteCap is poised to bring financial solutions to the market at scale.

"His experience and relationships across the industry will open the door for many more small businesses.”

BriteCap became a member of the growing family of companies under the North Mill Equipment Finance (NMEF) umbrella in 2023.


David C. Lee, Chairman and CEO, NMEF, said, “Rick Henerson's two plus decades of success in equipment finance and working capital lending dovetail well with our strategy to offer comprehensive capital solutions for small and medium sized businesses.

“In particular, we look forward to developing unique solutions and programs for our key referral partners in partnership with BriteCap.”

New Britecap CEO Richard Henderson said, "I’m excited to join BriteCap and lead such a respected, values-driven company. 

“BriteCap has built an exceptional, tech-enabled funding platform that blends the speed and convenience of self-service with the expertise of a supportive team, making it easier and faster for small and medium-sized businesses to access the capital they need to grow.

"I look forward to collaborating with the BriteCap team and our strategic referral partners to build on this legacy, developing innovative solutions that empower America's business owners and the finance brokers who support them."

BriteCap operates from offices in North Hollywood, CA and Las Vegas, NV.

About BriteCap Financial
BriteCap Financial is a leading provider of working capital for America’s small business owners. Since 2003, BriteCap combines technology, non-traditional credit algorithms to provide fast, convenient and affordable working capital direct to businesses or through their broker network. For more information about becoming a partner, visit www.britecap.com

 About North Mill Equipment Finance
NMEF originates and services small to mid-ticket equipment leases and loans, ranging from $15,000 to $2,500,000 in value.  A broker-centric private lender, the company accepts A – C credit qualities and finances transactions for many asset categories including construction, transportation, vocational, medical, manufacturing, printing, franchise, renovation, janitorial and material handling equipment.  NMEF is majority owned by an affiliate of InterVest Capital Partners.  The company’s headquarters are in Norwalk, CT, with regional offices in Irvine, CA, and Voorhees NJ. 
https://nmef.com

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


[headlines]
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For Originators at All Levels
By Scott Wheeler, CLFP

I coach originators in the commercial equipment finance and leasing industry on a daily basis. Their experience ranges from being new to the business to originators that have decades of experience. A veteran originator recently asked what my primary suggestions were to new originators. I explained that it was often the same as the suggestions I had given him during our one-on one sessions:

1) Focus on learning through conversations with your vendors and end-users. Your clients will let you know what they need and want. Vendors and end-users know what trends are developing and are always willing to share their knowledge if an originator is willing to listen.

2) There are always new opportunities in the market, and it is the originator's responsibility to always be prospecting and letting the world know that he exists. If an originator wants more business, he must reach out to more potential clients.

3) Focus on transactions and relationships that can be won, approved, and funded. Success is all about efficiency. Successful originators know their place in the market and focus on what works and will deliver the greatest results.

4) Top originators understand all aspects of the process (sales, credit, documentation, funding, and portfolio management). Take every opportunity to gain a holistic understanding of the process. You are selling a process. An originator can best sell what he fully understands.

Scott A. Wheeler, CLFP
Wheeler Business Consulting
1314 Marquis Ct.
Fallston, Maryland 21047
Phone: 410 877 0428
Fax: 410 877 8161
Email: scott@wheelerbusinessconsulting.com
Web: www.wheelerbusinessconsulting.com 

Wheeler Business Consulting is working with individual originators and sales teams throughout the industry to ensure that they are well positioned in the market, capturing their fair share of business, and outperforming the competition. To schedule a one-on-one meeting contact Scott Wheeler at: scott@wheelerbusinessconsulting.com


[headlines]
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Survey Finds Top Truck Stop Amenities
Ensuring Safety for Female Truck Drivers
By Tyson Fisher, OOIDA- Land Line

As the trucking industry continues to address the concerns of female truck drivers, Trucker Path has identified how truck stops are responding to the needs of women in trucking.

In collaboration with Women In Motion, Trucker Path spoke to female truck drivers to find out which amenities they look for to ensure safety at a truck stop. The trucking app then looked into how many truck stops offer those amenities.

According to the Trucker Path survey, when it comes to truck stop safety for female truck drivers, it’s all about lighting. The top seven truck stop amenities to ensure safety include:

  1. Lighted parking
  2. Lighted bathroom access
  3. Lighted lounge area
  4. Lighted shower facilities with 24/7 access
  5. Lighted laundry facilities with 24/7 access
  6. 24/7 security present onsite
  7. 24/7 maintenance available

Trucker Path identified 320 truck stops within its network that have at least one of those amenities. Of those, nearly all (95.6%) have lighted parking. More than half have lighted bathroom access. Only a few have 24/7 maintenance or lighted laundry facilities. 


Source: Trucker Path

Trucker Path’s survey highlights some of the challenges female truck drivers face as carriers continue their efforts to hire and retain those drivers.

“While the visibility of women in trucking advertisements has increased and the percentage of women drivers has been rising slowly over the past few decades, significant challenges persist that deter women from considering or continuing a career in trucking,” ATRI states in the study.

Source: OOIDA Trucking News - Land Line

 

[headlines]
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October 16 - 18 Soaring to New Height
Clearwater Beach, Florida
By Tarry Shebesta, NVLA President

 

As president of the National Vehicle Leasing Association (NVLA), I’m personally inviting you to the most impactful leasing event of 2024. Here’s why this is the one event you simply cannot afford to miss:


We’re honored to have Michelle “MACE” Curran—the former Thunderbird pilot and elite military leader—as our keynote speaker. Michelle has led one of the world’s most high-performing teams under the most extreme conditions. Her story of resilience, laser-focused leadership, and overcoming adversity will challenge you to rethink your approach to business. If you’re looking to elevate your performance, Michelle’s session is an absolute must.


We’re also thrilled to welcome back the car industry’s most entertaining Master of Ceremonies, Charlie Vogelheim. With his extensive automotive knowledge and engaging style, Charlie will guide us through the event in a way that’s both insightful and fun.

But that’s just the beginning—this event is different. It’s not just another industry gathering; it’s where connections thrive, innovation leads, and everyone is part of a dynamic, engaged community. You won’t be lost in overwhelming crowds or impersonal sessions. This is a highly interactive experience designed for meaningful networking with both familiar faces and new colleagues.

One of the major highlights is the Great EV Debate, where you’ll get an unfiltered look at the pros and cons of electric vehicles from industry insiders. This session is going to be fiery and eye-opening, giving you direct insights from both sides of the EV conversation. Whether you're an advocate for EVs or skeptical about their future, you'll hear compelling arguments on how EVs will—or won’t—reshape the leasing and automotive landscape. This is your chance to get the facts straight from the experts.

In addition to that, you’ll hear from top industry professionals on cutting-edge topics like artificial intelligence (AI) and its impact on leasing.


Plus, don’t miss a special moment—this will be Chief Economist Tom Kontos’s final presentation before he retires at the end of the year. Tom has been a trusted voice in the industry for decades, and this will be your last chance to hear his invaluable insights on the economy and its effect on the leasing business.

And yes, we know it’s not all work—we’ve curated plenty of fun to keep things balanced. Whether you’re hitting the golf course, relaxing at the poolside social, or enjoying a breezy afternoon at the beach, there’s something for everyone. For those with a taste for the finer things, we’re even offering premium Cuban cigars for a laid-back evening with colleagues.

Other session speakers include: Sloan Schickler, Jimmy Douglas, Elena Ciccotelli, John Possumato, Esq., Bruce Newmark, Melinda Zabritski, Eric Lyman, Abdullah Baig

This isn’t just an event—it’s a business-changing opportunity that will reshape how you approach leasing.

Register here: https://lnkd.in/g5e3v7yz

Oct. 16-18NVLA Conference, Clearwater Beach, Fl.
https://www.nvla.org/page/2024conference
Keynote Speaker Michelle "Mace" Curran, Combat Veteran, Former USAF Fighter Pilot
https://leasingnews.org/archives/Jul2024/07_12.htm#nvla
Women in Leasing
https://leasingnews.org/archives/Sep2024/09_06.htm#women 
Sloan Schickler, Esq., Schickler & Schickler, will be covering the conference for Leasing News. She is also presenting there.

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

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

ELFA Announces Donna Yanuzzi Will Receive
2024 Distinguished Service Award

Washington, DC,  —The Equipment Leasing and Finance Association (ELFA) is set to honor an outstanding industry leader at its Annual Convention this October.

The Equipment Leasing and Finance Association (ELFA) ELFA is set to honor an outstanding industry leader at its Annual Convention this October. Donna Yanuzzi, Executive Vice President and Head of Equipment Finance at 1st Equipment Finance, has been named the recipient of the 2024 Michael J. Fleming Distinguished Service Award.

Yanuzzi’s two decades of leadership, advocacy and mentorship have advanced both the association and the equipment finance industry. Her remarkable contributions will be celebrated at the Convention’s General Session on Monday, Oct. 28, in Austin, Texas.


ELFA President and CEO Leigh Lytle said. “Donna’s dedication and leadership in so many areas have made a big impact, and we’re excited to recognize her as a driving force committed to moving the equipment finance industry forward.

“On a personal note, when I joined ELFA last year, Donna’s warm welcome and generous sharing of her expertise, as she has done with so many others, was instrumental in helping me quickly feel part of the industry.”


Donna Yanuzzi said, “This recognition I share with many, as it reflects the collaborative spirit of the ELFA/ELFF team and the dedication of our members—each a committed professional devoted to advancing our industry. The support of this team makes it possible for us to give back to an industry that has enriched us both personally and professionally.

"There is still much to achieve, and I look forward to continuing this important work with the ELFA/ELFF team as we strive to make a meaningful impact together."

A dedicated member of ELFA for over 20 years, Yanuzzi has been instrumental in advancing the association’s mission. She has served on several key committees, including the Bank Business Council Steering Committee, and has been an active member of the ELFA Women’s Council, helping to plan the Women’s Leadership Forum and serving as a mentor in the Council's mentoring program.

Yanuzzi is also a strong advocate for the industry’s policy initiatives, regularly participating in Capitol Connections, ELFA’s annual advocacy event in Washington, D.C., that educates and engages members of Congress. She also has served on the LeasePAC Committee.  LeasePAC is the association’s nonpartisan federal political action committee and, as the only political action committee dedicated to the equipment finance industry, plays a critical role in ELFA’s advocacy efforts.

Beyond her work with ELFA, Yanuzzi has made significant contributions to the Equipment Leasing & Finance Foundation. She has held leadership roles on the Board of Trustees, Executive Committee, Research Committee and National Development Committee. As Chair of the Foundation’s Academic Outreach Committee, she has played a pivotal role in developing the academic scholarship program and raising awareness of equipment finance among students through the Campus to Career program.

Yanuzzi earned her bachelor’s degree in communications from Bloomsburg University. She joined 1st Equipment Finance in 2021, after 25 years serving in various roles up to Managing Director of Sales & Marketing at F.N.B. Equipment Finance. At F.N.B., she collaboratively built and supported a sales team with a portfolio size just under $1 billion and earned national recognition, including F.N.B.’s ranking among the Top 50 finance/leasing companies by the Monitor.

About ELFA
The Equipment Leasing and Finance Association (ELFA) represents financial services companies and manufacturers in the $1 trillion U.S. equipment finance sector. ELFA’s 575 member companies provide essential financing that helps businesses acquire the equipment they need to operate and grow. Learn how equipment finance contributes to businesses’ success, U.S. economic growth, manufacturing and jobs at https://www.elfaonline.org

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

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

News Briefs

Budgets for base salaries expected to soar
again in 2025 for a third Year in a Row
https://www.cfo.com/news/budgets-for-base-salaries-expected-to-soar-again-in-2025-conference-board/727152/

Alaska Airlines’ Acquisition of Hawaiian Airlines
Cleared by Regulator
https://www.nytimes.com/2024/09/17/business/alaska-airlines-hawaiian-acquisition.html

Elon Musk is on track to soon become the
world’s first trillionaire
https://finance.yahoo.com/news/elon-musk-track-soon-become-090020505.html

Biden administration formally extends review
of U.S. Steel deal, pushing decision past election
https://www.washingtonpost.com/business/2024/09/17/biden-extends-us-steel-review/

Delaware bankruptcy court says Yellow
    owes $6.5 Billion withdraw liability,
stock drops 90%
https://www.freightwaves.com/news/delaware-court-says-yellow-owes-pensions-stock-drops-90?oly_enc_id=7354E3969723H7B/


 

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


Fancy a rum and Coke in a can? Coca-Cola
    signs new deal with Bacardi
https://www.ajc.com/news/business/coca-cola-to-launch-new-canned-rum-and-coke-cocktail-with-bacardi/T3MASKQ4DNHXXNNEAXL4SVFOAY/


[headlines]
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Sports Briefs---

49ers beat writer, columnist poached from
   the Athletic by SF startup
https://www.sfgate.com/sports/article/tim-kawakami-leaves-the-athletic-for-standard-19761642.php

The Pac-12 is back, kind of
  "On the verge of full resurrection."
https://www.sfgate.com/collegesports/article/pac-12-is-back-kind-of-boise-fresno-colorado-sdsu-19760875.php

The 49ers' Christian McCaffrey problem
   just got so much worse
https://www.sfgate.com/49ers/article/49ers-christian-mccaffrey-problem-gotten-worse-19763753.php

49ers fall to Vikings in Minnesota again, lose 23-17
    as Brock Purdy gets pummeled in the pocket
https://www.sfchronicle.com/sports/49ers/article/49ers-trail-vikings-brock-purdy-hits-george-19766351.ph

Seahawks 23, Patriots 20: New England fails
to score in overtime, falls to 1-1
https://www.bostonglobe.com/2024/09/15/sports/new-england-patriots-live-game-score-seahawks/

Saints stun Cowboys, snap NFL's longest active
regular-season home win streak
https://www.usatoday.com/story/sports/nfl/2024/09/15/dallas-cowboys-new-orleans-saints-score/75238785007//

 Kansas city Chiefs Beat Cincinnati Bengals
https://www.cincinnati.com/story/sports/nfl/bengals/2024/09/15/bengals-chiefs-game-score-live-updates-highlights-tv-channel/75236534007/

Oakland drops back-to-back games
to lose White Sox series
https://www.eastbaytimes.com/2024/09/15/white-sox-win-back-to-back-games-for-first-time-in-nearly-3-months-beat-athletics-4-3

 

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


California News Briefs---

California does victory lap around Texas
     after Fortune 500 announcement
https://www.sfgate.com/bayarea/article/california-most-fortune-500-companies-texas-19771691.php

Newsom signs bills to protect artists
   from AI replicas in California
https://www.courthousenews.com/newsom-signs-bills-to-protect-artists-from-ai-replicas/

More landowners reach settlement in
   Solano County planned community lawsuit
https://www.courthousenews.com/more-landowners-reach-settlement-in-solano-county-planned-community-lawsuit/

Pickleball’s ‘bombardment of noise’: Rule-breakers
 and fence climbers at Saratoga courts lead
   to $100,000 soundproofing and lock costs
    after neighbor complaints
https://www.mercurynews.com/2024/09/16/pickleballs-bombardment-of-noise-rule-breakers-and-fence-climbers-at-saratoga-courts-lead-to-100000-soundproofing-and-lock-costs-after-neighbor-complaints/?itm_source=parsely-api

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

Gimme that Wine

 

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

 Short Video's Available Now - Vote
Wine Specter 18th Annual Video Contest
  vote now for Winner
https://www.winespectator.com/videovoting
   
California Cabernet Sauvignons
   to sip right now
https://www.pressdemocrat.com/lifestyle/wine/?ref=nav

This local winemaker is making a splash in
the wine world with budget-friendly Cabernet
https://www.pressdemocrat.com/article/lifestyle/napa-valley-cabernet-sauvignon-grounded-wine-co/

New method may help wines tainted
by wildfire smoke
https://www.decanter.com.master.public.keystone-prod-eks-euw1.futureplc.engineering/wine-news/new-method-may-help-wines-tainted-by-wildfire-smoke-538510/

In Memoriam: Sparkling Wine Master
Barry Jackson, Well-Known in the Industry
https://www.decanter.com.master.public.keystone-prod-eks-euw1.futureplc.engineering/wine-news/new-method-may-help-wines-tainted-by-wildfire-smoke-538510/

Amid a weakened wine market, Alameda County grape
growers nearly double the acreage of a classic varietal
https://www.siliconvalley.com/2024/09/16/amid-a-weakened-wine-market-alameda-county-grape-growers-nearly-double-the-acreage-of-a-classic-varietal/

Wine Enthusiast Nominates Maya Hood Whiteof Early
Mountain Vineyards for 2024 Winemaker of the Year
https://www.winebusiness.com/news/article/292516

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

This Day in History

https://leasingnews.org/archives/Sept2023/09_18.htm#history

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SuDoku

The object is to insert the numbers in the boxes to satisfy only one condition: each row, column and 3x3 box must contain the digits 1 through 9 exactly once. What could be simpler?

https://sudoku.com/

[headlines]

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

Daily Puzzle

How to play:
http://www.setgame.com/set/puzzle_frame.htm

Refresh for current date:
http://www.setgame.com/set/puzzle_frame.htm

[headlines]

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http://www.gasbuddy.com/
http://www.gasbuddy.com/GB_Map_Gas_Prices.aspx
http://www.gasbuddy.com/GB_Mobile_Instructions.aspx

[headlines]

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Weather

See USA map, click to specific area, no commercials

http://www.weather.gov/

[headlines]

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

Traffic Live---

Real Time Traffic Information

You can save up to 20 different routes and check them out with one click,
or type in a new route to learn the traffic live

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

Wordle

https://www.powerlanguage.co.uk/wordle/

How to Play
https://www.today.com/popculture/popculture/wordle-know-popular-online-word-game-rcna11056

[headlines]

Features

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Credits and Collections 102
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Equipment Leasing Haiku by Paul Bent
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From the Desk of Michael Witt, Esq.
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Observations from the Front Porch by Jim Acee
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Recruiter Hal T. Horwitz Speaks Out
Sales Make it Happen
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The Top Performer’s Corner
To Tell the Truth
TV Reviews by Kit Menkin
Ultimare Hire by Ken Lubin, ZRG Partners
View from the Top
Why I Became a CLP
Wine Reviews by Kevan Wilkinson


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