I just returned from the 50th Annual convention of the Equipment Leasing and Financing Association (ELFA), which was held at the JW Marriott in San Antonio, Texas. There were nearly 1,000 attendees, up significantly from previous years.
The general mood at the convention was very upbeat, both in terms of the improving economy, but more importantly, the state of the Equipment Leasing Industry. The feeling is that businesses are returning to the mindset of having to acquire business assets, after scaling back purchases for the last few years. Since they have survived some difficult economic times, where “cash is king”, the option of acquiring new equipment, and paying for it monthly, rather than having a large cash outlay, looks extremely attractive to them.
Another topic of discussion centered around the opportunities available for Independent Lessors, as opposed to Banks and Bank Lessors. This was especially interesting to me, as DFI is an independent lessor. With the numerous regulatory issues confronting banks, independent lessors should be better positioned to react to the specific needs of their lessee customer and prospect base, while not having to deal with these regulatory issues, at the higher levels of the company. This is an exciting time for the leasing business.
Dynamic Funding, Inc. is pleased to introduce the newest member of our team, Brad Bayless. Brad joined us at the beginning of September and comes to the company with over 25 years of experience in the Equipment Lease & Finance Industry. Most recently, he was with the Commercial Equipment Finance Group of GE Capital, as well as Dart & Kraft Financial and CIT. Brad has a degree in Finance from Central Michigan University and a MBA in Finance and Marketing from the University of Minnesota. We are excited to have Brad aboard and know he will be a great contribution to our team.
Dynamic Funding, Inc is pleased to share with you our recently funded equipment leases:
- Industry: Food Processing, Financed: $35K, Location: California, Equipment: Warehouse management solutions equipment, Terms: 36 months, Capital lease
- Industry: Commercial Signs, Financed: $26K, Location: Colorado, Equipment: Computers & Laptop equipment, Terms: 36 months, Operating lease
- Industry: Technology Development, Financed: $10K, Location: Colorado, Equipment: Tape Library, Terms: 24 months, Operating lease
- Industry: Grocery & Liquor Store (Startup company), Financed: $66K, Location: Colorado, Equipment: Point of Sale System, Terms: 24 months, Operating lease
By Jim Tarbel
I attended the Orion First Financial 10th Anniversary Conference July 25 and 26, 2011 in Gig Harbor, WA. The Orion management team updated Orion partners, banks and vendors on Orion First Financial and Mintaka Financial status, business plans and outlook. Conference was very positive. Dynamic Funding is a partner in both Orion and Mintaka. We continue to fund equipment leases with Mintaka and have Orion service the leases. Our focus on operating leases fits well with Mintaka and Orion capabilities. We’re planning to do more business with Mintaka and Orion.