The National Association of Equipment Leasing Brokers, (NAELB), appointed Ted Reynolds to hold a board advisory position. The NAELB board of directors, which consists of eight equipment leasing and financing brokers, voted unanimously to invoke and implement a provision in the association’s bylaws to bring a funding source member on as an advisor to represent that segment of the industry.

“The NAELB board of directors has been advocating for the independent broker and will continue to do so but the viewpoint of the funding sources has been missing during board discussions. This new position will help the board make decisions that will be based on a broader understanding of the issues at hand. I am excited to be able to gain insights from Ted’s expansive experience in the industry,” said Rodney Blecha, NAELB president.

Reynolds has been active in the equipment leasing industry since 1987. He is the founder of TEAM Funding Solutions, which started in 1992. Reynolds worked as an equipment leasing broker for 14 years and became a dedicated funder for the broker community in 2002. His company owns and manages its own portfolio of equipment leases. TEAM’s niche is funding challenged-credit leases for the broker community.