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October 2007

With more than 28 years on the institutional side of the equipment finance and leasing business, industry veteran Bill Fite has switched gears. In June, he was hired by MagnetBank, a de novo Utah-chartered commercial bank focused exclusively on commercial lending, to establish a national equipment finance group.... read more

October 2007

In August, a federal grand jury filed numerous charges including money laundering, bankruptcy fraud and obstruction of justice against Alan B. Fabian, the founder of Strategic Partners International and a former co-chair to Republican presidential hopeful Mitt Romney’s election committee, in the latest fraud scandal to hit the news.... read more

October 2007

Are external and internal factors affecting your ability to meet your established targets? Lessors deal with these issues on a day-to-day basis, and no matter what precautions you take, there will always be new issues to solve. Bill Bosco offers insight into how to work around the factors that impact profitability and growth.... read more

October 2007

As the world turns to a more global economy, it is important to keep your options open — especially in areas such as China and India that are working toward establishing equipment leasing industries. Here, we take a look at the opportunities in China and what newcomers can expect from that mysterious land in the Far East.... read more

October 2007

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October 2007

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October 2007

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October 2007

While today’s healthcare industry faces unprecedented challenges, some equipment leasing companies are thriving under the current conditions. One such company is US Express Leasing (USXL). The Monitor asked James McGrane, CEO of USXL, to comment on his company’s growth. He assured us that there’s no “secret sauce” to his company’s success in the healthcare marketplace. Success comes with following 
a few simple premises.... read more

September/October 2007

The federal government has proposed significant changes to the rules governing the leasing of medical equipment by physicians, which raises the question of just how much these new regulations might impact the equipment leasing industry.... read more

September/October 2007

Are assignee’s rights limited in a bankruptcy case? By looking into the recent case of In re Boyajian, 367 B.R. 138 (B.A.P. 9th Cir.), filed on March 30, 2007, we can now determine whether an assignee can submit nondischargeability claims against dishonest debtors, lessees or guarantors.... read more

September/October 2007

Identity theft has become quite common — but what can creditors do when it strikes? This installment focuses on two areas: The first discusses fraud prevention methods and red flags, which can help creditors from funding transactions tainted by identity theft. The second discusses creditor rights when contacted by legal counsel with a claim that an individual obligor’s identity has been stolen.... read more

September/October 2007

HP Financial Services’ Irv Rothman discusses the current state of IT financing and what customers are looking for when spending on IT needs. The strategic importance of technology is changing the way lenders work with customers, how lenders advise them and how they structure financial proposals.... read more

September/October 2007

An International Data Corporation study sizes the leasing and financing market for IT equipment, and looks at the growth and opportunities of different IT sectors into 2010. It predicts the largest portion of IT spending in the next few years (43%) will be on IT services.... read more

September/October 2007

On June 22, Wells Fargo and the CIT Group announced they signed a purchase agreement in which Wells Fargo would acquire the construction lending unit of CIT. Ron Riecks will serve as general manager of the new entity called Wells Fargo Construction, which will be a division of Wells Fargo Equipment Finance.... read more

September/October 2007