As of late, the East Palestine train derailment, a disastrous incident that led to a controlled burn of hazardous chemicals and a multi-day evacuation of a small Ohio town, has been a hot topic for politicians, news pundits, and rail... read more
April 2023
Florida, long known for its beautiful beaches and sunshine, is contemplating throwing some shade, or, depending upon your perspective, some light, on the commercial transaction industry. On March 2, 2023, Republican State Representative Doug Bankson introduced HB1353. If enacted, the... read more
April 2023
A recent U.S. Supreme Court decision affirmed that debtors cannot discharge debts obtained through fraudulent actions in bankruptcy, even if they did not personally commit the fraud. The ruling is a win for both fraud victims and creditors, as it... read more
April 2023
Developments in battery electric commercial vehicles are coming fast and furiously. I attended the recent Technology & Maintenance Council spring meeting and many of the presentations focused on BEVs, chargers, charging infrastructure and the maintenance and repair needs of BEVs.... read more
March 2023
As discussed in my last article on this subject, the New York State Department of Financial Services (“DFS”) has finalized the regulations elucidating its new Commercial Finance Disclosure Law (CFDL). The complete text of the CFDL can be found in... read more
March 2023
Innovation is an organizational muscle that can be trained and strengthened World-class athletes put in long hours working out to strengthen their muscles and hone their skills in order to compete at the highest levels. Organizations, like athletes, need to... read more
March 2023
My hometown. What’s not to love? The Met. Babe Ruth. The Brooklyn Bridge. Joe Namath. Times Square. The perfect slice (orange and greasy, the reason New Yorkers wear black). The best bagels (with a shmear). Killer pastrami (probably literally). Then... read more
March 2023
The most dedicated banking partners in America deserve a big thank you. During the week of November 7th, Corcentric held its annual funding conference in Pompano Beach, Florida. Corcentric calls out the location because the event was held on the... read more
December 2022
First Financial Equipment Leasing announced its expansion into Canada in 2022 with the acquisition of NorFund, an independent leasing company specializing in capital equipment, solar and alternative energy and vendor finance programs. Having been acquired by JA Mitsui Leasing a... read more
December 2022
Yield compression can be a pain point for equipment lessors and financing firms, especially in a rising rate environment. Rising interest rates can negatively impact returns in a typical warehouse-to-securitization financing structure. Let’s explore those risks and how to mitigate... read more
December 2022
That vision took hold immediately, as Liberty catapulted from a bootstrapped startup to one of the largest independent equipment finance companies in the industry in a little over five years funding more than $1.4 billion in equipment finance transactions since... read more
Nov. 2022
Capital equipment financing is a discipline all its own – especially when working with middle market companies. Few institutions have the requisite industry experience, let alone resources and creativity, to craft industry-specific financing solutions for individual customers. And that means... read more
October 2022
Market variables are all over the board. Over the past year, we have seen housing prices rise by almost 60% in some markets. In the heavy truck market, asset prices have increased about 20% and we continue to see surcharges... read more
September 2022
Doing the right things is about producing results that matter and being effective in one’s mission. Doing things right is about operational excellence and being efficient at what one does. Companies that focus on building and managing teams that perform... read more
September 2022
Today’s economy has allowed rental and leasing companies to flourish. Many jurisdictions impose a sales tax on the rental or lease of tangible personal property. And along with this tax imposition comes some sales tax applicability nuances depending on the... read more
August 2022