Are your appraisals able to withstand the probe of audits, credit and risk management reviews, or litigation? To find the answer, ask the following questions: Do the appraisals adequately convey the methods used, data analyzed and value appraised? Does the... read more
With its focus on the South and parts of the Midwest, BancorpSouth has become a fixture on the Monitor 100, landing at No. 67 for total asset size and No. 77 by volume in 2016. Now, with new President of... read more
At this time last year, it was pretty clear U.S. commercial truck chassis and equipment sales would keep rising through the end of 2015 and into 2016. However, there was some debate surrounding the anticipated growth rate. After commercial truck... read more
The Equipment Leasing and Finance Association (ELFA) was established to provide its members with a forum for industry development, a platform to advocate for the industry and a resource for industry information. So when ELFA leadership started noticing more gray... read more
Although The New York Times 2016 Year in Pictures called it “unexpected” and “tumultuous,” 2016 was a stable year from a credit manager’s perspective. Scott McCann, senior credit manager of Bank Channels for Wells Fargo Equipment Finance says it was... read more
Interim rent accounting in practice has been inconsistent and, in some cases erroneous, under current GAAP for both lessees and lessors. That will change in a big way as lessee CFOs and auditors increase their focus on lessee accounting, since... read more
In the latest variation on “April Fool,” the Hague Convention on the Law Applicable to Certain Rights in Respect of Securities Held with an Intermediary will become effective in the U.S. on April 1, 2017. In one of its parting... read more
General George S. Patton once said, “Accept the challenges so that you may feel the exhilaration of victory.” Well, I hope to be victorious in my latest challenge because it is one heck of a doozie! It is mid-August as... read more
Outbound prospecting is a key ingredient for the origination of equipment finance volume. Conversely, the No. 1 reason leasing sales people fail is because they don’t originate enough new business. It seems like an easy problem to solve. More targeted... read more
It is exceptionally vital that equipment leasing companies maintain sound data and implement proper asset tracking strategies. But what types of data are most important and how should it be collected? ECS’ Sinéad Murphy offers some advice.
Although banks are the traditional avenue taken when getting a loan, including equipment financing, there are other options in the market that could better serve your company. Mark Joyce of AmeriQuest Business Services offers some alternatives.