“Equipment Broker School’s diversification model is uniquely suited to serving financial brokers very real needs at this challenging time,” Co-Founder Josh Feinberg said. “We are encouraged by our increasing sign up momentum yet remain highly focused on our plan to rapidly reach more and more brokers to help them get through this financially. They have financial needs to fulfill, and families to feed.”
Equipment Broker School expects the demand for this training platform to increase month over month, as it is becoming more evident that cash advance funders and lenders will not be coming back any time soon.
“The fact that Equipment Broker School is seeing an increase in sign-ups makes sense,” said Will Murphy, co-founder of Equipment Broker School. “Equipment Broker School had told brokers to prepare for the worst and add a new lending product like Equipment Finance, while Cash Advance Brokers didn’t take the advice, we are seeing them change their mind.”
Prior to COVID-19 striking, only about 5% of Cash Advance Brokers offer Equipment Finance & Leasing. Murphy said. “We expect that will increase to at least 15-20% by the end of this”
The company added that it is “accelerating” efforts to create a partner program with the potential of expanding the Everlasting Capital brand, without going into too much detail. They will provide an update on those strategies in the next 30-60 days.
Ken Walters found his industry niche at CIT, where he worked for 18 years across many disciplines, including internal audit, equipment finance, capital markets and equity investment. He then led Emigrant Bank’s private equity investment group, Emigrant Capital, for seven... read more
Sam Smith’s interest in equipment started at a young age, as his father was CEO of a manufacturer of injection molding machines. Smith initially became fascinated by the plastics and packaging industries, but as his career progressed, he and his... read more