Monday, December 19, 2005
Headlines--- Classified Ads--- Sales ######## surrounding the article denotes it is a “press release”
Classified Ads--- Sales http://store1.yimg.com/I/snapshotsofthepast_1854_130787271 1917, Atlantic City, New Jersey www/snapshotofthepast.com *** http://64.125.68.91/AL/LeasingNews/JobPostings.htm#sec8 For a full listing of all “job wanted” ads, please go to: http://64.125.68.91/AL/LeasingNews/JobPostings.htm To place a free “job wanted” ad, please go to: http://64.125.68.91/AL/LeasingNews/PostingForm.asp (***Atlanta City, New Jersey Beach 1917 $29.95 -------------------------------------------------------------- Archives—December 19, 2000---Rumors/Advice from Steve Reid “CapitalWerks to buy Preferred Leasing” “Trying to ferret out a rumor I have been hearing for several months that Preferred Leasing, Lake Tahoe, California, I believe, has been sold. I heard it was to former Republic Leasing of Anaheim principals, who left Sierra Cities about a year or so ago. This is the company that considers themselves a "marketing company," hiring college telemarketers...had up to 250 at one time, and sold their leases to Manifest, GE/Colonial, Commerce Security, among others---high volume, direct mail and telephone, very heavy "pre-approved" approach, fast turn around, who hit a credit problem marketplace and wanted to get out. “This is all rumor. No one will talk on the record. Any information to confirm or deny would be appreciated.” + _ _ + “Heard there were a number of United Association of Equipment Leasing members who were surprised to learn that Dr. Ray Williams was no longer with their association.” -- “UAEL/EAEL “We at EAEL feel it is our obligation to inform members that the rumor regarding a potential merger of the EAEL with another association is false. The EAEL is proud to be an independent association for Leasing Companies, Funding Sources, and Service Companies, dedicated to serving its membership. We look forward to serving our members in 2001 by delivering valuable information and networking opportunities to help in the challenging times that lay ahead.” Amfnyc@aol.com -- “Excellent Advice from Steve Reid---Santa Barbara Bank & Trust “Over the course of time I have offered these ideas to brokers/discounters, but with the continued changes that are taking place within our industry I thought I'd pass this along to you also. Hopefully, it may save some time and frustration down the road for some. “As a funding source, before we will approve a broker/discounter to send us deals, we check them out by running credit reports, confirming banks and investigating their relationships with other funding sources. This only makes sense, as one should know the people or businesses they are working with. “My question to the broker/discounter is: why don't you thoroughly check out the funding sources where you are sending deals? If they are a public company, it is easy to find 10Q's, 10K's and all types of press releases stating how well (or not) they are doing. If they are closely held, why not check out their bank or credit lines. As the current climate is one of change, one should periodically update the information. “As a small business you probably have thousands of dollars in commission at risk with each funder, not counting the value of the relationships that you have built up over the years with your vendors. If you think about it, the local office supply company won't let you out the door without credit information even if they have only a couple of hundred dollars at risk. “Knowing your funding sources will not guarantee you won't have problems down the road, but it sure may eliminate the number or magnitude of those opportunities.” Steve Reid
-------------------------------------------------------------- CMC Hanson BK Dismissed
November 11, 2005 William Conrad Hanson filed for Chapter 7 Bankruptcy in the U.S. Bankruptcy Court, District of Kansas (Wichita.) The former officer of the Commercial Money Center, and Hanson and Associates, who investors are looking for, claimed less than $50,000 in “unsecured creditors” and assets of minus $197,500. On the form, Mr. Conrad estimated number of creditors to be from 16-49. No real estate was claimed among his assets, and only listed were two accounts, less than $100 in one, and less than $500 in another, a television, bed, couch worth less than $500, and clothes less than $500, plus “Sole Stockholder WGTD Inc with a value of minus $200,000. He stated on schedule “I” his current income consists of $1,494 in monthly Social Security “government assistance.” A hearing for creditors was scheduled for December 15th, but in a continuing strange turn of events surrounding Bill Hanson, United States Bankruptcy Judge Dale L. Somers issuing the following: "After reviewing the file and being duly advised, the Court finds the case should be dismissed for the following reasons: FAILURE TO FILE MISSSING/DEFECTIVE DOCUMENTS The case is therefore ordered DISMISSED." Previous Stories on Bill Hanson and Commercial Money Center: http://www.leasingnews.org/Conscious-Top%20Stories/CMC_stories.htm -------------------------------------------------------------- ELA Convention Registrant Checks in the Mail Today
Leasing News sent out an “extra” edition on Friday. It was sent to all on the mailing list, plus posted on the web site. If you missed it, here is the story: http://www.leasingnews.org/archives/December%202005/12-16-05_Extra.htm -------------------------------------------------------------- Top Stories--December 12-16
These are the top ten stories most "opened" by readers last week. (1) What's Behind Marlin's Sr. VP/CFO Resignation? (2) Leasing News Extra- Federal Reserve Rate Increase (3 ) Leasing News Extra --- ELA Convention Registrant Checks in the Mail Today (4) 330 Attended the Boca Raton ELA Conference (5) CLP Down to 173 (6) NetBank Revolving Lines of Credit (7) Bob Rodi New "Franchise Qualifier” (8) Archives-1991— Rick Wilbur and the Wild Kingdom of SIGs (9) Recomm similar to Royal Links or NorVergence? (10 ) Sales make it Happen ---Hidden Issues http://www.leasingnews.org/archives/December%202005/12-14-05.htm#sales --------------------------------------------------------------- Marlin Leasing Hq.
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Story Credit Lessors ( for other "Funder", who do not specialize in “Story Credits,” click here These companies specialize in "C" and "D" credits, often news businesses, or businesses where the principal(s) have Beacon score around 600 or previous difficulties; meaning to become comfortable with the credit and financial situation you need to learn the "story" to make a positive decision, often requiring further security, shorter term, or additional guarantors. Many of these companies may also be a "B," but appear otherwise without the "story" to understand the full financial picture. (To qualify for this list, the company must be a funder and not a "Broker/Lessor" or "Super Broker/Lessor", along with an acceptable Better Business Bureau Rating and no history of complaints at Leasing News. We reserve the right to not list a company who does not meet these qualifications.) We encourage companies who are listed to contact us for any change or addition they would like to make. Adding further information as an "attachment" or clarification of what they have to offer would be helpful to readers is very much encouraged. ( To apply to be listed, please fill in this form and fax to 408.374.3843)
(A) Pawnee Leasing Corporation; Some times we go higher than $30,000, but our marketplace is from $1,000 to $30,000. (B) Allegiant.pdf (C) Mesa Leasing, Inc., Industries served: Titled vehicles (Trucks, trailers, OTR, etc.), Construction, Restaurants, and all the other "hard to get approved" industries. (D) ABCO Leasing, Inc. in Seattle area has been operating since 1974 serving the broker community. We required full financial disclosure on every transaction. We do story transaction, but do not like to refer to them as "C" of "D" credits. We think of therm as "A" type credits that have not been discovered yet. In actuallity, we do not really like to look at what most describes as "D" credits. (E) Black Rock Capital comment: We book anywhere between $15 to 20 million per year. We do no "app only" business and require a full financial package for each transaction. Our average size transaction is approximately $250k and, although, we concentrate in printing, packaging (steel rule die industry) and road construction equipment we do not rule out anything that makes sense. More information can be found at www.blackrockcapital.com. (F) Black Rock Capital (Ireland) Limited and Black Rock Capital (UK) Limited provide the same services for small to middle market corporations in the European Economic Community and the United Kingdom. (G) Cobra Capital, LLC. Comments: Our registered trademark "Making impossible possible" is our central marketing tagline for both strong and weak credits. I have developed a 10 year history, (from Cobra and my prior company GALCO), with specialty, non-conforming transactions (story credits) and have a solid reputation for candidly responding to our originators and lessees and working diligently to mitigate deal risk rather than making excuses to turn deals down. Our originators prefer our underwriting approach to non-conforming transactions since unlike most non-conforming funders, we prefer to mitigate risk versus jacking our return. Both Originators and Lessee's prefer our candid approach as we are also frequently asked to advise lessee's and lessors on the best way to structure their bank loans and raise capital due to our 25+ year banking and accounting backgrounds as my partner and I are both former bankers and CPA's. (H) Pentech is the lessor partner with Manifest Funding Services for their Navigator, Navigator Plus & Navigator Direct. This is through our sister company Pentech Funding Services, located in San Diego and headed up by Ron Wagner. (I) Sunrise International Leasing Corporation Comment: The broker program is "...an informal program as our primary business is still vendor leasing." (J) Boston Financial & Equity Corporation, most of our leases are venture capital backed startups and turnarounds. We require full financial disclosures, CPA and internal statements, no tax returns. We do not required additional collateral, no PG's or RE needed. Do not send deals with large tax liens, especially if they are payroll taxes. (K) Dakota Financial is a collateral-based direct funding source that specializes in C & D level transaction for customers who are unable to receive funding from traditional sources. Our nationwide program provides funding for start-ups as well as credit profiles that have prior bankruptcies, judgements, tax liens, repossessions or slow pays. I would say that the average credit score of our transactions is in the mid 500s. We have done many deals in the sub 500 range. Although we do all kinds of equipment, we specialize in trucks (including over the road owner operators), trailers, yellow iron and logging equipment. I encourage you to go to our website, www.dakotafinancial.com to find out more information including examples of recent funded transactions. (L) IFC Credit Corporation also services on a regular basis "A" and "B" credits, but it also considers "story credits." "As you say, we need to become comfortable with the credit and financial situation and learn the "story" to make a positive decision, often requiring further security, shorter term, or additional guarantors. I would describe the B and C type credits we fund as companies having 'checkered earnings'." (M) Creative Capital Leasing Group: "We are able to fund tough deals, bad credits, BK's, past tax liens, start ups, used equipment, etc., because we look outside the transaction for real estate, and marketable securities to take as additional collateral." (N) Blackstone Capital Partners, L.P. lends up to 50% of verified auction value for working capital and/or equipment financing requests (we of course include equipment to be acquired in our valuation). Using this formula, allows Blackstone to approve deals on the assets rather than the credit or cash flow that other lenders desire. Also being an asset lender, we are looking for hard assets i.e. yellow iron, machine tool, manufacturing lines, textile etc... We do not care for soft assets such as computers, furniture, restaurant, or "white elephants" (equipment that is too specific to the clients needs and was specially built for them - there would be no resell available and our liquidity if repossessed would be in jeopardy). If you have any questions, please feel free to call, we will do our best to help or seek the answer for you. (O) Bankers Capital " We will do ANY Type of Equipment, in ANY industry, in ANY state. We especially like 6-figure transactions with full financial packages no matter how good or bad they look. We look to structure the story C&D credits with any kind of additional collateral that makes sense. It could be with 2nd or 3rd mortgages on residential or commercial Real Estate, additional equipment, cash value life insurance, security deposits, vendor agreements. We look for any way to make the deal work instead of looking for any way to decline the deal." (P) Financial Pacific Leasing supports a nationwide network of Brokers and Lessors. We specialize in "B" and "C" credits for established companies as well as companies under two years in business. (Q) American Leasefund, Inc. funds small hard to do transactions under $50,000.00. Most of the transactions are "app only". We look for additional collateral or larger first payments to help the weaker credits. We maintain and service our own portfolio. All of our lessee billings are done via ACH. (R) Dolsen Leasing has served the 11 Western States since 1958 and specializes in B & C Credits for established and new companies. We require a full financial package and offer both leases and financing for new and used equipment in the range of $10,000.00 to $250,000.00. Specialties include titled vehicles for both existing and new owner operators. Story credits are considered as long as credit has been reestablished and trends are positive. Credit decisions are based on old fashioned common sense, not credit scores, allowing us a very quick turnaround-often the same day. We accept broker business and also have in house salesmen. (S) We at Summit Leasing consider ourselves to be primarily "B" credit lenders, working almost exclusively through brokers. (T) TechLease - due to previous experiences, TechLease is vertically focused on three primary sectors: Semiconductor, Media and Aerospace. We fund all deals and hold paper an all equipment under $250,000. Deals over $150,000 we typically want to meet the Lessee face-to-face. We prefer business in California, however we will fund nationwide. (U) We specialized in start-up business. These are the northern states we do business in AK, AZ, CA, CO, ID, OR, WA. Click here to read our Product overview and Press Realease. (V) Agility Solutions; we fund all equipment used by Wireless Internet Service Providers. (W) Forum Financial Services, Inc., prefer venture capital backed start-ups and middle market to large corporate turnaround companies including companies in bankruptcy and post bankruptcy. Our absolute minimum sales for an established business with financial problems are $10.0 million. (this does not include venture capital backed start-ups). --------------------------------------------------------------- “Broker/Lessor” List “Broker/Lessor” List (for “Funder,” please click here There are an estimated 5000 companies who process applications to present to a third party, who often make the final approval and “fund” the transaction with a standard “representation and warranty” provision. These companies are similar to an insurance agency or mortgage firm. Size may very from a single person to a national multi-office operation. Some in this category may select transactions for a private portfolio from their own cash or bank lines, which they fund direct. 50% or more of their business is as a “Broker/Lessor.” Often their clients are primarily in a specific industry, service or geographic area. Many also market directly to potential lessees, rather than be referred by a seller of equipment. There is no advertising fee or charge for a listing. They are “free.” Leasing News makes no endorsement of any of the companies listed, except they have a satisfactory Better Business Bureau report, and no unresolved complaint at Leasing News from an applicant or company involved in the equipment leasing industry. Leasing News reserves the right not to list any company who requests to be listed. Companies, who act as a funder in over 50% of their business, servicing their own portfolio, are listed in the “Funder” list. “Story Credit” are funders who have a niche market, often requiring the “story” of the company to make a credit decision. Often their rates are higher as the credits are consider a “higher risk” than standard for the dollar amount involved. A “Super Broker/Lessor” rarely considers business direct, but work on referrals from a “Broker/Lessor,” funders, and, financial groups, manufacturers, and others who cannot fit the transaction into their criteria. ( To apply to be listed, please fill in this form and fax to 408.374.3843) Third Column: YES - Year Company Started | YELB - Years in equipment Leasing Business A - City Business License | B- State License | C - Certified Leasing Professional |
(A) Stoddard & Associates - No Employees. We currently have Independent Affiliate Brokers with offices in the states of Alabama, Florida, Georgia, Iowa, Massachusetts, Missouri, Nevada, New York, Texas and Washington. --------------------------------------------------------------- eLeasing- aggregate funding sources ( Soley eLease brokers/online brokers/super brokers ) Top eLeasing companies as ranked by employees and volume
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Alexa Ranks Leasing Media Web Sites
Alexa Ranks Leasing Media Web Sites
David G. Mayer's Business Leasing News is not included in the Alexa report list as it does not have its own individual site and Alexa finds Patton Boggs, LLP Attorneys at Law. The rating is not valid as it includes all those who visit and communicate with the law firm. When Business Leasing News has its own individual web site, it will be included in the Alexa survey. -------------------------------------------------------------- Classified Ads---Help Wanted Documentation Manager
Equipment Finance & Leasing Representative
Senior Funding Manager
-------------------------------------------------------------- Leasing Association Conferences - Spring, 2006 Leasing Association Conferences --- Spring 2006
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