Funding Source 2009
March/April
Funding Sources Adjust to Tightening Credit Markets
By Christopher Moraff
With the U.S. economy suffering through its worst recession in more than half a century and access to credit drying up, funding sources have suddenly become the people in the room everyone wants to talk to. For our annual Funding Source Issue, we asked five leasing industry lenders to weigh in on the challenges and responsibilities of funding in a down market.
National Equipment Finance Association
The Creation of NEFA — A New Equipment Leasing & Financing Association
By Brent M. Hall
The National Equipment Finance Association (NEFA) launches into its first year as the newly combined entity of the UAEL and the EAEL. In this year’s message, Brent Hall, CEO of Pinnacle Finance and the group’s first president, provides an overview of his experience in the association, its mission and its value to the equipment leasing and finance professional.
Brokers Are Feeling the Pain But Facing Realities ‘Head On’
By Amanda L. Gutshall
Last year, those interviewed for the Monitor’s annual broker roundtable were optimistic even during an economic downturn that hit the industry hard in late 2007 following the collapse of the subprime markets. But what most didn’t realize, at the time, was that more hardship was ahead, and 2008 would be even more surprising and worse for the economy than anyone feared.
National Association of Equipment Leasing Brokers
In Good Times & Bad, The NAELB Is On Your Side
By Monitor Staff
The Monitor sits down with Jack Harvey, president of the National Association of Equipment Leasing Brokers (NAELB) to discuss why he thinks the current business climate makes this the best time to become a member.
Main Street National Bank
Patience, Innovation & Courage: Proven Virtues at Main Street
By Stuart P. Papavassiliou
Straightforward, industrious and self-assured are just a few of the first impressions one gets when speaking with Tom Depping, chairman and CEO of Main Street National Bank of Kingwood, TX.
It’s All About Getting Out There & Networking
Making the Most Out of a Leasing Convention
By Linda P. Kester
As convention season rolls around this year, it’s important to remember some key aspects to getting the most out of the annual leasing conventions and that means networking, networking, networking. Linda Kester offers some helpful tips to finding and securing new prospects.
Lead Through Adversity: How to Succeed in Today’s Economy — Guaranteed
By Joe Calhoon
What adversity are you facing? Your ability to handle this adversity is one of the most robust predictors of your personal growth, future contributions and happiness in life. Organizations that develop their capacity to handle adversity improve morale, performance and profitability. Here, Joe Calhoon lists six ways to lead through adversity and keep climbing your mountains.
Boost Confidence, Differentiate Yourself in This Highly Competitive Job Market
By Michael A. Toglia
No good can come from a negative attitude or a lack of confidence during the interview process. We all know this, right? Well then, why are so many seasoned professionals forgetting this in the interview process?
Meeting §303(b) Requirements in Creditor Involuntary Relief Petitions
By Lesley Anne Hawes
The en banc decision in Trusted Media highlights the significant practical and legal implications of a ruling that makes a determination that the requirements of §303(b) are properly met — a prerequisite to subject matter jurisdiction, as the Fifth and Second Circuits hold. Creditors filing an involuntary petition for relief against a debtor must “get it right” or risk substantial uncertainty as to the validity of orders and activities in the case.
Surmounting a Slippery Slope: Complying With ECOA When Rejecting Applicants
By Kenneth P. Weinberg
Many in the industry find themselves rejecting more applicants than they have in a long time. This edition provides an outline of the Equal Credit Opportunity Act and the requirements it imposes on finance companies in such situations.
