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Contact: kitmenkin@leasingnews.org



Monday, October 6, 2025


Today's Leasing News Headlines

New Hires/Promotions in the Leasing Business
    and Related Industries
We Are Entering a Major Change to Financial Industry
  AI has Major Role, But Salesmanship Remains Valuable
    By Scott Wheeler, CLFP
Leasing and Finance Industry Help Wanted
  Balboa Capital –A Division of Ameris Bank
    Several Positions Available
Chasing success nearly burned me out
  Living with purpose brought me back
    By Ken Lubin, Managing Director, ZRG Partners
Conferences and Forums -  Updated
    Commercial Finance/Leasing Finance
Top Ten Read by Most Read Readers
    September 29 - October 1
CLFP Foundation Third Quarter Report 2025
  40 Years of Growth, Highlights, Reports
    Full Foundation Report

News Briefs
Rite Aid closes all remaining stores
    after 63 years in business
Costco to offer deep discounts on Ozempic,
    Wegovy for members without insurance
Hiring has declined more than 7%, and it's now over 20%
    below pre-pandemic levels (September 2019)
Starbucks’s Roller Coaster Week of Job Cuts
    and Store Closures
Craft Breweries Struggle as
    Sales and Appetites Wane

You May Have Missed ---

Sports Briefs
   California News
    "Gimme that Wine"
 This Day in History
  SuDoku
   Daily Puzzle
    GasBuddy
     Weather, USA or specific area
      Traffic Live----
       Wordle

######## surrounding the article denotes it is a press release, it was not written by Leasing News nor has the information been verified, but from the source noted. When an article is signed by the writer, it is considered a byline. It reflects the opinion and research of the writer.

[headlines]
--------------------------------------------------------------

New Hires/Promotions in the Leasing Business
and Related Industries


Joes Smith was hired as Senior Account Manager, Carbon Capital Corp., Winnipeg, Manioba, Canada. He is working remote from Sainte Anne, Manitoba, Canada. Previously, he was Senior Account Manager, Falco Auto Leasing (May, 2004 - October, 2025); He was at CWB National Leasing for 15 years, 5 months, starting 2009 as Sales Associate, promoted Mid-Ticket Account Manager, Commercial Equipment Leasing & Financing (2012- May, 2024), after serving as Sales Associate (2009 - 2012).
https://www.linkedin.com/in/carboncapital/


Cesar Valero was promoted to Director of Revenue, Spartan Capital, Hazlet, New Jersey. He is located in New York, New York. He joined Spartan Capital as Business Development Executive (August, 2022 - October, 2025). Previously, he was Director of Business Development, Cardinal Equity, LLC (September, 2016 - August, 2020).
https://www.linkedin.com/in/cesar-valero-939063135/


Linda Whitehead was hired as Closing Manager, Crossroads Equipment Lease and Finance, Rancho Cucamonga, California. She is located in the Los Angeles Metropolitan Area. Previously, she was Vice President, Documentation and Funding, First National Capital (June, 2024 - September, 2025); VP/Assistant Equipment Department Manager, First Foundation Bank (November, 2016 - March, 2024): Operations Manager, Pacific Capital (2003 - 2016); Documentation & Funding Manager, Macarthur Business Credit (2000 -2004).  Full Bio:
https://www.linkedin.com/in/lisa-whitehead-clfp-2a972729/details/experience/
https://www.linkedin.com/in/lisa-whitehead-clfp-2a972729/

[headlines]
--------------------------------------------------------------

We Are Entering a Major Change to Our Financial Industry
AI has a Major Role, But Salesmanship Remains Valuable
By Scott Wheeler, CLFP

Professionals are now expected to understand the full lifecycle of the business—from prospecting to portfolio management. Silos are being dismantled. Real-time responsiveness is becoming the norm. The shift is as dramatic as moving from manual typewriters and whiteout to Microsoft Word: faster, smarter, more efficient, and more impactful. This is not optional. It is essential.

Organizations and professionals that embrace change will thrive. Those that resist will be left behind. The evolution of our tools and processes will only accelerate the demand for commercial equipment financing and leasing. As history has shown, our industry will continue to adapt—leveraging innovation to meet the evolving needs of businesses across the U.S. economy.

In 2025, we are witnessing a bold reinvention of our workforce. Organizations are investing in new tools and cultivating cultures that prepare professionals for the future. Technology—especially AI—is reshaping how we work, automating repetitive tasks, and empowering individuals to focus on strategic, intellectual, and relationship-driven cont.

A colleague shared a simple yet profound truth that remains relevant today:

  • It is an organization's responsibility to provide the environment (culture) and tools for professionals to grow and thrive.
  • It is the professional's responsibility to absorb that culture and use the tools provided to build a meaningful career and contribute to the organization's success.

When both parties fulfill their responsibilities, exceptional outcomes are inevitable. Success is a team sport.

The opportunities ahead are limitless—for those willing to lead, learn, and evolve

Scott A. Wheeler, CLFP
Wheeler Business Consulting
1314 Marquis Ct.
Fallston, Maryland 21047
Phone: 410 877 0428
Fax: 410 877 8161
Email: scott@wheelerbusinessconsulting.com
Web: www.wheelerbusinessconsulting.com 

Wheeler Business Consulting is working with individual originators and sales teams throughout the industry to ensure that they are well positioned in the market, capturing their fair share of business, and outperforming the competition. To schedule a one-on-one meeting contact Scott Wheeler at: scott@wheelerbusinessconsulting.com

[headlines]
--------------------------------------------------------------

Chasing success nearly burned me out
Living with purpose brought me back
By Ken Lubin, Managing Director, ZRG Partners

There’s a difference between grinding endlessly and doing work that actually fuels you.

One drains your soul. The other fills your tank.

These days, I’m less focused on proving something and more focused on aligning everything: how I work, live, move, think.

Success isn’t just the title or the number.
It’s waking up clear.
It’s having impact without the noise.
It’s building something that matters—on your terms.

You don’t have to hustle harder.
You just have to get more honest about what actually fulfills you.

Ken Lubin
Managing Director
ZRG Partners, LLC
Americas I EMEA I Asia Pacific
klubin@zrgpartners.com
C: 508-733-4789
https://www.linkedin.com/in/klubin
Previous and Current Articles
WWW.KenDubin.com

[headlines]
--------------------------------------------------------------

Leasing and Finance  Help Wanted
Balboa Capital
We Are Growing Our Senior Sales Team Now

[headlines]
--------------------------------------------------------------

Conferences and Forums -  Updated
Commercial Finance/Leasing Finance

October 14-16: National Equipment Finance Association Fall Conference, Renaissance Hotel, Minneapolis, Minnesota

Program and Registration: https://members.nefassociation.org/Online/Online/Events/Event_display.aspx?EventKey=FLCONF25

Vicki Shimkus, CLFP, Balboa Capital Relationship Manager, will be covering the conference for Leasing News readers.

October 26-28: ELFA 64th Annual Convention, Marco Island, Florida
Register Deadline Dates:
https://members.nefassociation.org/Online/Online/Events/Event_display.aspx?EventKey=FLCONF25

Schedule:
https://www.elfaonline.org/education-networking/2025/annual-convention/schedule

Talent Pipeline Opportunity Fund awarding grants to attend ELFA Annual Convention
Register: https://www.elfaonline.org/education-networking/2025/annual-convention/register

Randy Haug, LTi Technology, will be covering the conference for Leasing News

October 28-29: DeBanked B2B Finance Expo, Wynn, Las Vegas, Nevada
B2B Finance Expo is back for its highly anticipated second edition at the Wynn Las Vegas! We're thrilled to once again partner with the Small Business Finance Association (SBFA) to deliver an even bigger and better experience, uniting top professionals in the commercial finance industry.

“Chief Editor Sean Murray announces: "SOLD OUT: Sponsorships to B2B Finance Expo in Las Vegas Have Sold Out."

Bob Coleman, Coleman Reports, will be a speaker. He is out with a new book: “Hard Time, Easy Money” 
https://debanked.com/2025/07/coleman-reports-bob-coleman-is-out-with-a-new-book-easy-money-hard-time/

Questions? Email us at events@debanked.com

RISING To the Challenge
SFNet's 81st Annual Convention
November 11-13, 2025
Los Angeles, California

Full Information:
https://members.nefassociation.org/Online/Online/Events/Event_display.aspx?EventKey=FLCONF25

See List of Attendees:
81st Annual SFNet Convention | Secured Finance Network

Open for Members and non-members
$395, $295 for Members

Full Information
https://www.sfnet.com/home/81st-annual-convention

[headlines]
--------------------------------------------------------------

Top Ten Most Read by Readers
September 29 - October 1

(1) New Hires/Promotions in the Leasing Business
    and Related Industries
https://leasingnews.org/archives/Sep2025/09_29.htm#hires

(2) New Hires/Promotions in the Leasing Business
    and Related Industries
https://leasingnews.org/archives/Oct2025/10_01.htm#hires

(3) Time Is the New Currency
    By Scott Wheeler, CLFP
https://leasingnews.org/archives/Oct2025/10_01.htm#time

(4)  Top Ten Most Read by Readers
September 22 to September 26
https://leasingnews.org/archives/Sep2025/09_29.htm#922

(5) Cost of Living is the Biggest
    Challenge Americans Face
https://leasingnews.org/archives/Oct2025/10_01.htm#cost

(6) Why You Need to Hire Top Salespeople
    By Ken Lubin, ZRG Partners, Managing Director
https://leasingnews.org/archives/Sep2025/09_29.htm#why

(7) T he Purpose of Working with a Recruiter
    By Emily Fitzpatrick/RII  
https://leasingnews.org/archives/Oct2025/10_01.htm#purpose

(8) Finance and Leasing Industry Recruiters
    These companies have experience in the finance
        and leasing industry
https://leasingnews.org/archives/Oct2025/10_01.htm#rec

(9) Conferences and Forums -  Updated
    Commercial Finance/Leasing Finance
https://leasingnews.org/archives/Sep2025/09_29.htm#conf

(10) Here’s a look at federal agencies’ shutdown
    contingency plans
https://www.astho.org/advocacy/federal-government-affairs/leg-alerts/2025/federal-government-shutdown-update-contingency-plans-released/

[headlines]
--------------------------------------------------------------

https://clfpfoundation.org/wp-content/uploads/2025/10/September2025Circular_100225.pdf

[headlines]
--------------------------------------------------------------

News Briefs

Rite Aid closes all remaining stores
    after 63 years in business
https://www.cnn.com/2025/10/04/business/rite-aid-closes-stores

Costco to offer deep discounts on Ozempic,
    Wegovy for members without insurance
https://nypost.com/2025/10/04/health/costco-to-offer-deep-discounts-on-ozempic-wegovy/

Hiring has declined more than 7%, and it's now over 20%
   below pre-pandemic levels (September 2019).
https://www.linkedin.com/news/story/hiring-cools-based-on-new-data-7798026/

Starbucks’s Roller Coaster Week of Job Cuts
    and Store Closures
https://www.wsj.com/business/hospitality/starbuckss-roller-coaster-week-of-job-cuts-and-store-closures-ebdf5d8e?mod=business_lead_pos2

Craft Breweries Struggle as Sales and Appetites Wane
https://www.nytimes.com/2025/10/05/business/craft-breweries-close-sales-decline.html

[headlines]
--------------------------------------------------------------

Russian gasoline production buckles under
   Ukrainian drone strikes
https://www.washingtonpost.com/world/2025/10/02/russia-oil-refining-attacks-shortage/

DOL H-2A farm worker wage rule projected
to save employers $2.4 Billion
https://www.brownfieldagnews.com/news/dol-h-2a-farmworker-wage-rule-projected-to-save-employers-2-4-billion/


[headlines]
--------------------------------------------------------------


Sports Briefs---

Why Bad Bunny’s selection as the Super Bowl halftime
headliner is sparking MAGA fury
https://www.mercurynews.com/2025/09/29/bad-bunnys-super-bowl-gig-maga/

[headlines]
--------------------------------------------------------------


California News Briefs---

A crisis’: Sutter Health workers authorize strike
   over staffing shortages
https://www.eastbaytimes.com/2025/10/04/a-crisis-sutter-health-workers-authorize-strike-over-staffing-shortages/?campaign

More than half of Santa Clara County’s unhoused
    population is homeless for the first time
https://www.mercurynews.com/2025/10/05/more-than-half-of-santa-clara-countys-unhoused-population-is-homeless-for-the-first-time/

34% of California’s homeowners are mortgage-free
https://www.mercurynews.com/2025/10/03/34-of-californias-homeowners-are-mortgage-free/?campaign=sjmnrealestate&+utm_email+=44CB2489F5F4B4CD94A5B48EAB&lctg=44CB2
489F5F4B4CD94A5B48EAB&active=yesP&utm_source=listrak&utm_medium=email&utm_term=h
ttps%3a%2f%2fwww.mercurynews.com%2f2025%2f10%2f03%2f34-of-californias-homeowners-are-mortgage-free%2f&utm_campaign=bang-multi_pubs-bay_area_real_estate_news-nl&utm_content=automated

[headlines]
--------------------------------------------------------------

Gimme that Wine

 

http://www.youtube.com/watch?v=EJnQoi8DSE8

Most California rosés cost $20 or less.
    So why is this one $150?
https://www.sfchronicle.com/food/wine/article/abloom-rose-wine-price-21064085.php

The Thriving Jazz Club in the Heart of Sleepy
   California Wine Country
https://robbreport.com/travel/destinations/california-wine-country-best-kept-secret-paso-robles-1237187200/

My favorite book about wine finally has a sequel
https://www.sfchronicle.com/food/wine/article/kermit-lynch-book-21057285.php

They changed the California wine paradigm.
  Now this winemaking duo is splitting up
https://www.sfchronicle.com/food/wine/article/raj-parr-sashi-moorman-21073665.php

Linne Calodo Remains All In On Zin From Paso Robles
https://www.winebusiness.com/news/article/308780

Rising Temp
Oregon Tempranillo is increasing in popularity
https://www.oregonwinepress.com/article?articleTitle=rising-temp--1759372721--3909--news

[headlines]
----------------------------------------------------------------

This Day in History

https://leasingnews.org/archives/Oct2023/10_06.htm#history

-------------------------------------------------------------

SuDoku

The object is to insert the numbers in the boxes to satisfy only one condition: each row, column and 3x3 box must contain the digits 1 through 9 exactly once. What could be simpler?

https://sudoku.com/

[headlines]

--------------------------------------------------------------

Daily Puzzle

How to play:
http://www.setgame.com/set/puzzle_frame.htm

Refresh for current date:
http://www.setgame.com/set/puzzle_frame.htm

[headlines]

--------------------------------------------------------------

http://www.gasbuddy.com/
http://www.gasbuddy.com/GB_Map_Gas_Prices.aspx
http://www.gasbuddy.com/GB_Mobile_Instructions.aspx

[headlines]

--------------------------------------------------------------

Weather

See USA map, click to specific area, no commercials

http://www.weather.gov/

[headlines]

--------------------------------------------------------------

Traffic Live---

Real Time Traffic Information

You can save up to 20 different routes and check them out with one click,
or type in a new route to learn the traffic live

--------------------------------

Wordle

https://www.powerlanguage.co.uk/wordle/

How to Play
https://www.today.com/popculture/popculture/wordle-know-popular-online-word-game-rcna11056

[headlines]

Features

Alerts and Flags
Bank Beat
Brian Link Observations
Career Crossroads-Emily Fitzpatrick/RII
Cartoons
Charlie Chan sayings
Computer Tips and Social Media
Credits and Collections 102
Customer Relation Management Keeps Score
Dan Harkey Observations
Employment Web Sites
Equipment Leasing Haiku by Paul Bent
Fernando's Review
Financial Technology 102
From the Desk of Michael Witt, Esq.
Leasing 102
Leasing Cases by Tom McCurnin
Observations from the Front Porch by Jim Acee
Online Newspapers
Placards
Recruiter Hal T. Horwitz Speaks Out
Sales Make it Happen
San Francisco Valley Leasing
The Secret of Our Success
The Top Performer’s Corner
To Tell the Truth
Ultimare Hire by Ken Lubin, ZRG Partners
View from the Top
Why I Became a CLP
Wine Reviews by Kevan Wilkinson


Ten Top Stories each week opened the most by readers
(click here)

“Complaints” Bulletin Board (click here)

Connect with Leasing News

Top Stories

(chronological order)

- South Florida Hosts Small Business Finance Innovation
    at Funders Forum + Brokers Expo 2024
- Dext Capital Upsizes Corporate Note Financing
- Is Broker Fee Splitting in California Legal?
    By Ken Greene, Leasing News
- Gender Pay Gap Visualized
- Tri Counties Bank Equipment Finance
    Department Shut Down
- "Buckle Up!" Quality Equipment Finance
    Not Funding Transactions Internally
- CLFP Growth by Company End of Year 2023
    Added 247 Members
- The Commercial Real Estate Exposure
    of the Largest U.S. Banks
- Please Fasten Your Seatbelts!
    by Randy Haug, LTi Technology
- Brian Bjella Then and Now
- GreatAmerica Financial Services  Appoints
    Well-Known Financial Veterans as Group Presidents
- Troubles Continue with Regional Banks
    And Funding of Third Party Transactions
- Part II -Great Time to be a True Independent or an
   Equipment Finance company that Acts Independent
     by Randy Haug, LTi
- 2024 World Leasing Book
   Available digitally or hardback
- Great Time to be a True Independent or an
Equipment Finance company that Acts Independent
    By Randy Haug, LTi
- Bob Rodi on LinkedIn
    Long-Time Veteran in Commercial Finance
- Video: Tips for Equipment Finance Beginners
    with Steve Geller, Equipment Finance Veteran
- Commercial Financial View by Dale Kluga, CPA,
    Well-Known Equipment Finance Founder
- Update on Compliance Under The Small
   Business Data Collection Rule
    By Sloan Schickler, Esq.
- ELFF January Confidence Rate Up
    From December 42.5 to January 48.6
- Which Affects Banks and Use of Funds Available
    By Dale R. Kluga, CPA, Experienced Funder
- Ken Greene, Leasing Person
    of the Year for 2023
- The QuickFi Embedded Finance Platform
    Wins 2024 BIG Innovation Award
- Brean Capital Investment Banking
    Strong Momentum Heading into 2024
- Leasing’s Brian Huey, Active in NAELB, Now AACFB,
    Wins Short Film Festival Awards
- Jim Merrilees Joins the Leasing News
    Advisory Board
- Changes in Banks, Particularly Regional, Moving
   Away from Leasing, Third Party, and Vendor Finance
    By Randy Haug, LTi Technology Solutions
- Who Must Obtain a Lender's License
    By Marshall Goldeberg, Leasing News Legal Editor
- Dext Capital Expands into Technology Vendor Division
    with Three Top Former KeyBank Employees
- Changes in Banks, Particularly Regional, Moving
    Away from Leasing, Third Party, and Vendor Finance
- Sam Walton, Founder of Walmart
    said this to a group of trainees
- Talent Crisis is Here
    By Steve Chriest & Kit Menkin
- Assessing the Ripple Effects of Commercial Disclosure Laws
    By Kenneth C. Greene, Leasing News Advisor Emeritus
- Housing Report, September 2023
    The Virginia Tech - USDA Forest Service
- Channel Announces Successful Close of $190MM Securitization
- 33% of Small Businesses Fail
    Due to Lack of Capital
- Behind the Headlines on Chesswood Group Limited
    and Their Commercial Finance/Leasing Companies
- That Voice on the Phone Using Artificial Intelligence
    By Sean Murray, Publisher, deBanked
- Pennsylvania Hops Aboard the Disclosure Bandwagon
    By Kenneth C. Greene, Leasing News Emeritus
- Banks Facing Additional Issues in Commercial Finance
  and Leasing Sides of Their Businesses
    by Randy Haug, LTi Technology Solutions
- Alliance Funding Group Announces They Have
    Formed a New Strategy Mid-Ticket Business Unit
- Bankruptcies on the Rise
    By Peter N. Tamposi, Esq.
- Leasing News Has Confirmed Key Equipment Finance
  Exiting Vendor Business
    By Christopher Menkin, Publisher
- The Corporate Transparency Act of 2024
  Many in Business Are Not Aware  
    By Kenneth C. Greene, Leasing News Emeritus
- Iowa Bank Failure Tied to Bad Trucking Loans
    By Craig Fuller, CEO and Founder, Freight Waves
- CLFP Foundation adds 26 New CLFPs
- CLFP Growth by Company Continues
- Chesswood Group Limited and Wafra Inc.
    Announce Joint Venture for Funding
- Is Your Non-Compete Clause Valid?
    By Kenneth C. Greene, Leasing News Emeritus
- Exploring the 62nd Annual ELFA Convention: Future 360
    By Shari Lipski, CLFP
- Introducing ELFA’s New Board Chair and Board of Director
- NEFA Thanks Outgoing Board Members
    and Welcomes New Board Members plus President
- Women in Leasing Update NVLA October Conference
- Business in Commercial Finance Industy
    Has Been Good Compared to other Industries
- ELFA Wins Nationwide Relief from Section 1071
- Now is the time to take advantage of higher bonus depreciation
- Leigh Lytle appointed new ELFA President and CEO
- Ralph Petta to retire, will the next ELFA CEO be a female?
    Here are the three past female presidents
- Dext Capital Celebrates Remarkable Achievement:
    $1 Billion Originated First Five Years of Operation
- Wintrust Financial Corporation Reports Record
    Year-to-Date Net Income
- Maxim Commercial Capital Doubled Fundings in Q3 2023
    Demand increased for 2nd lien mortgages to fund working capital
- NVLA 2023 Annual Conference Recap By Edward P. Kaye
- Highlights from NEFA Funding Symposium By Mel Vinson, CLFP
- CLFP Foundation Adds 18 New CLFPs
- Artificial Intelligence (AI): Friend or Foe for Finance and Leasing?
- Brean Capital Closes Corporate Note
    Financing for Fora Financial
- Full Circle Finance Is Now Employee Owned
    Tim Cetto to Stay on as Board Member
- October 2023 marks the 15th Anniversary
    of Wheeler Business Consulting
- Dr. Dan Geller: But I told you so!
Cryptocurrency is the Emperor’s New Clothes
- Legal Considerations in Financing and Leasing Your First EV
By Edward P. Kaye, Esq. and Matthew W. Daus, Esq.
- World Leasing Yearbook 2023: The Essential Guide to
Current Opportunities in International Leasing & Asset Finance
Cannabis Sales Slow as Pandemic Eases
- Rosanne Wilson CLFP, BPB, Passes Away
A Very Close Friend of Mine and Our Industry
By Christopher Menkin, Publisher and Editor
The Top Four Leasing/Finance Funder Websites
Tandem Finance Partners with LilyPad EV
Randy Haug Joins Leasing News Advisory Board
Donald Wampler, CLFP, Shows Off His Badges Collected in 2022
Women in Leasing Roundtable By Sloan Schickler, Esq.
- Chesswood Group Limited Announces
$12.3 Million Q3 Compared to $9.1 Million 2021
Notarize and Northteq Launch Online Notarization Integration
- American Lease Insurance sold
to American Bankers Insurance Group
- Rapid Finance Advises Their Originators
Pausing New Applications Construction Companies
- Marijuana Could Become Legal
in These Five States After Midterms
- Black Equipment Finance Network
Announces Its Formation
- DeBanked Broker Fair New York
By Sloan Schickler, Esq.
- New York Commercial Finance Disclosure Law
By Sloan Schickler, Esq.
- ELFF Reports Confidence Continues Three Month Drop
October goes to 44.9 from September 48.7
- Remember the NorVergence Scandal and Tom Salzano?
Now Charged with $650 Million Ponzi Scheme, 2,000 investors
- North Mill Equipment Finance Announces
$353 Million Term Securitization
- National Vehicle Leasing Assoc. Annual Conference
By Edward P. Kaye, Esq.
- Full Circle Finance Is Now Employee Owned
Tim Cetto to Stay on as Board Member
- Kaylan Makam New Chief Executive Officer
Amur Equipment Finance
- ELFA Conference (Day Two)
from Orlando, Florida
- ELFA Conference Report (Day One)
from Orlando, Florida
- Top Hurricane Landfall Wind Speed
Since 1936, Name and State
- A Few Stayed When Tropical Storm Fiona Hit Right
After Canadian Finance and Leasing Association
- Certificate of Insurance for Finance, Lease or Loan
Why it is Very Important
- North Mill Equipment Finance Hits $1B in Originations
on its Anniversary of Recapitalization
- TopMark Funding Marks Another Quarter of Record
Breaking Growth for the Fifth Consecutive Quarter
Settlement Costs vs. Litigation Costs