Articles

The Time of Capital Investment

Good times for equipment finance are just around the corner. Looking at the number of banks and their leasing affiliates that recently jumped into the market, one might conclude that good times are already here. NXT Capital's Michael Gay asks, 'Are they really?'... read more

Gaining Critical Mass: Navitas Lease Looking to be Dominant Market Player

Navitas Lease, launched in 2008 by industry veteran Gary Shivers, announced its first securitization earlier this year, issuing $92.3 million of notes. As he moves Navitas towards new and bigger opportunities, Shivers plans to gain “critical mass” in the marketplace in order to be a leading competitor in the field.... read more

Identifying Indemnity Issues

Kenneth P. Weinberg and Jennifer L. Howard collaborate to describe lease and loan indemnity issues by providing a detailed outline to help better identify indemnity clause concerns. They note that a careful review of the indemnity provision in an equipment lessors’ standard documentation can yield big results if an indemnity claim arises later.... read more

Supporting New Equipment Leasing Brokers

Leasing sales expert Linda P. Kester advises equipment leasing and finance brokers to lend a supporting hand to new industry brokers as a means to develop mutual beneficial relationships that will ultimately continue to improve the industry at large.... read more

U.S. Banks as Lessees & Lessors

As the FASB and IASB continue their work on the lease accounting project — and are most likely issuing separate lease accounting rules with key differences — Monitor contributor Bill Bosco notes that recent developments are good news for U.S. bank lessors, but not so for IFRS bank lessors.... read more

Case for Captive Tech Finance Companies

Kristine Snow imparts on our readers her knowledge of the Internet of Everything, which is valued by Cisco Capital as a $14.4 trillion global opportunity for the private sector over the next decade. She discusses the importance of taking advantage of this prospect by rethinking almost every facet of a business in order to realize all the benefits it has to offer.... read more

Banks’ Ascendance into Equipment Finance

With a recent surge of positive change in bank-owned equipment finance groups, Charles Wendel discusses major factors that are driving banks’ renewed interest in equipment finance and leasing divisions, while offering insight into the process of choosing whether to buy or build new, as well as advice on how to be successful.... read more

Equipment Finance’s Leading Women

Monitor asked the leading women of equipment finance to share their paths to success, guidance for future industry professionals and industry insights. We thank Laurie Bakke of Western Equipment Finance, Maureen Carr of CapitalSource Corporate Asset Finance and Diane Notch of Stearns Bank Equipment Finance Division for their participation.... read more

HVB Equipment Capital: S. Orenstein & S. Brown

Hudson Valley Bank announced in March 2014 the launch of its equipment finance and leasing entity HVB Equipment Capital. Group Head Steven Orenstein and bank CEO Stephen Brown spoke with Monitor about how HVB Equipment Capital will expand the bank’s Northeast footprint nationally with a service-oriented approach, all the while staying mostly in the small-ticket “sandbox.”... read more

ENGS CF: C. Weinewuth & J. Freund

When Craig Weinewuth and Jim Freund facilitated Engs Commercial Finance’s March 2012 acquisition, the transportation finance and leasing company exclusively served the West Coast market. Over the last two years, the business partners expanded the company’s vendor activity nationwide and consequently reported an almost five-fold increase in new business activity from 2011 to 2013. They explain how casting a wider net has helped the 62-year-old company flourish to become one of the top leasing and finance companies in the U.S.... read more

ABS Marketplace Changes, Trends

LEAF Commercial Capital’s Miles Herman notes the equipment industry is currently enjoying a period of steady funding, but says changes in the securitization marketplace and regulatory reform have altered the landscape and forced issuers to adopt key practices that will ensure access to the ABS market in today’s environment.... read more

Eighth Circuit: Preferential Transfer Dispute

Regular Monitor contributor Lesley Anne Hawes offers insight into Bankruptcy Code preference provisions. Using underpinnings of the Eighth Circuit’s recent decision in the case In re LGI Energy Solutions, Inc., she details the exceptions and defenses to preference recovery, noting that the analysis and rationale of the statute must be applied in a manner consistent with the policies and purposes it was intended to promote.... read more

FASB Listened to Feedback

Regular Monitor contributor Bill Bosco says that while the IASB/FASB Lease Project is still a work in progress, the FASB has taken into account the feedback from comment letters, as well as the ELFA’s IASB/FASB Lease Project Working Group’s efforts to help preserve current sale leaseback accounting. However, he cautions that there is still work to be done.... read more

SMBC Leasing & Finance: David Ward

David A. Ward joined SMBC Leasing and Finance, Inc. Group in 1991 and has spent the last two decades building the business into an international enterprise with an established presence in the U.S. and the UK, as well as expansion plans extending to Australia. Ward says he’s mindful of global challenges as he works to bring a broader array of bank products to his customers.... read more

People’s C&L: Michael Urquhart

Michael Urquhart has served at People’s Capital and Leasing since its inception in 1997. This year, he became the president and CEO, following the retirement of Vincent Cianciolo. With 17 years of experience at the company adding to his diverse background, Urquhart sets his sights on strong leadership in a growing market in 2014.... read more

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Terry Mulreany
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Susie Angelucci
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