The Small Business Reorganization Act of 2019 (SBRA) — which was recently signed into law and is set to take effect on February 20, 2020 — stands among the most significant amendments to the United States Bankruptcy Code in more than a decade. Prepare to confront new procedures, new issues and an entirely new subchapter V to Chapter 11 of the Bankruptcy Code. The SBRA portends a shift in small business bankruptcy practice.... read more
The size and market share of independent finance and leasing firms will fluctuate with the economic cycle, but the sector will always play an important role in the industry. Our industry’s $1 trillion size combined with the wide variety of equipment users’ requirements, creates multiple segments and a plethora of opportunities for creative entrepreneurs to disrupt and innovate.... read more
There has been a flurry of M&A activity recently as large banks and captives have snapped up successful independents. Dale Kluga, President, Providence Equipment Finance, (formerly of Cobra Capital) looks at his own journey from independent to bank-owned and asks other executives from independents and former independents about their own evolutionary experience.... read more
Though companies have been preparing for ASC 842 and IFRS 16, the new lease accounting standards, for three years, it’s only in 2019 that they’ve started to go into effect. It’s therefore no surprise they dominated the conversation at the ELFA Lease and Finance Accounting Conference, held this past September in Chicago.... read more
In an attempt to discover the new breed of leaders who will carry our industry forward in the coming years, Dexter sat down with five current industry leaders under the age of 50. In a brief Q&A, this article provides insight into their leadership style, how they see themselves differently from traditional business leaders, and what advice influenced them most over their careers. ... read more
The last time Monitor profiled Adam Warner, he had just taken the reins of Key Equipment Finance, and the industry had yet to be rocked by the Great Recession. Today, as Monitor’s inaugural Veteran Icon Award winner, Warner shares the vital lessons he has learned over the last decade. ... read more
Tony Golobic, winner of Monitor’s inaugural Pioneer Icon Award, shares the vision he used to create “built-to-last” GreatAmerica Financial Services. By focusing on people first and establishing a strong organizational design, Golobic challenges the status quo, looks beyond profit and consistently focuses on doing the right thing.... read more
Monitor’s Current Leader Icon Award winner, Financial Pacific President Terey Jennings, is a humble leader who understands the importance of building strong relationships and taking calculated risks. ... read more
Innovation Finance may be a young company, but its effects on the equipment finance industry have already been felt, both through its deep bench of industry experience and its innovative software solutions. Mark Tomaselli, Monitor’s choice for its Disruptor Icon, embodies both aspects of the company.... read more
Standing at the forefront of a changing financial industry, this year’s Monitor Next Generation Icon winner Kara Miyasato has established herself as a prominent voice for emerging talent in equipment leasing and finance. Reflecting on her work at Stryker, she talks of the ways companies can embrace new and more diverse voices in order to push the business forward.... read more
In magazine articles and summits, the equipment leasing and finance industry has begun to move beyond a discussion of emerging technologies and onto practical implementation. John Hurt interviews Fusemachines founder Sameer Maskey and examines how companies can take on what can often seem like a daunting task when they decide to integrate new technologies into their platforms.... read more
Blockchain is a hot topic in the financial world, but most companies are still trying to decipher how it will help their businesses. BlocLedger’s Al Brandt explains the current state of blockchain and explores the ways his company plans to bring the equipment financing industry on board.... read more
Engaging professional service providers is common in the equipment finance and leasing industry, but as the capabilities of these firms have expanded, the decision to outsource has become more complex. Monitor assembled a panel of experts who discuss the two vital steps of third-party engagement: deciding if a project should be outsourced and choosing the right provider. ... read more
Sometimes, the best source of inspiration comes from an outside perspective. At this year’s CEMC Fintech Innovation Summit, held this past June in California, attendees heard from a diverse array of speakers that offered unique viewpoints and lessons that could be applied back to the equipment financing industry.... read more
Fintech Gen 1 may have smoothed out processes on the back-end of equipment finance, but its successors may prove to be truly disruptive on the front-end. Patricia Voorhees examines the ways fintech may come to define and change the customer experience.
Brokerage, like many financial and professional services, has changed over the years, with the rise of digital innovations, ease-of-use communications and new products on offer through the leasing industry. But for those just starting out, sometimes the old-fashioned way of growing a business is still best, as Bob Bell explains.