The Equipment Leasing and Finance Association announced the results of its September 2017 Business Council Steering Committee elections.
The Business Council Steering Committees are the association’s primary constituent bodies and are an integral part of ELFA’s operations, providing critical input on the direction of the association and serving as a bridge between the membership and the board of directors and staff.
Each committee analyzes the needs of companies in the segment it represents and recommends to the board of directors how to meet those needs. The committee members are elected by the business council membership for a term of two years on a staggered basis.
The following individuals will serve on the five committees in 2018. Asterisks indicate members who were newly elected or re-elected in the September 2017 elections. The ETAC Liaison are representatives from ELFA’s Emerging Talent Advisory Council.
The Captive and Vendor Finance Business Council Steering Committee represents financial services organizations that provide sales-assisted financing and vendor and manufacturer support activities, either on a third-party or captive basis.
The Financial Institutions Business Council Steering Committee represents bank-related and other financial institutions (commercial banks, investment banks and multi-line finance companies) engaged in the middle-market and large-ticket sectors.
The Independent Middle Market Business Council Steering Committee represents non-bank-related organizations primarily involved in transactions between $250,000 and $5 million, either individually or through lines.
The Service Providers Business Council Steering Committee represents organizations and firms providing a variety of related services to the members of the other four business councils. Associated company types include: accounting, collections, law, consulting, software, equipment management, university/government, executive recruiters, insurance, nonprofits/associations and publishers.
The Small Ticket Business Council Steering Committee represents financial services organizations primarily involved in transactions under $250,000, either individually or through lines.
Based on a study I completed, I predict the worldwide availability of bank lending will shrink by $2.6 trillion dollars in 2019 when banks transition to the new lease accounting rules (Topic 842 in the U.S. and IFRS 16 for... read more
The work truck industry managed to continue growing in 2016, as measured by sales of truck chassis and truck equipment. However, the rate of growth was 0.5%. In Q1/17, chassis sales fell from the same-quarter, previous-year, at a rate of... read more