5 Minutes with the Small-Ticket Chair

What’s happening in the small-ticket sector of the equipment finance space? Equipment Leasing & Finance magazine recently talked to Shannon Stangl, Chair of the Small Ticket Business Council Steering Committee (BCSC), to take the pulse of this sector. Stangl, US Country Manager for DLL, is currently serving her first year as Chair of the committee, which engages financial services organizations primarily involved in transactions under $250,000, either individually or through lines.

From your perspective, what hot topics is the Small Ticket sector focused on this year?

Automation is changing the shape of our business and the way we interact with our partners. Today our partners and their customers demand speed and simplicity and the same type of experience they get when using their favorite app. Leveraging technology to streamline credit underwriting, portfolio management, communication and funding isn’t just a competitive advantage anymore, it is a requirement.

How did you get involved with the BCSC?
Would you recommend it to others?

DLL is committed to supporting ELFA and continuing to learn from our peers in the equipment finance industry. So, as a colleague of mine was concluding his tenure as a member of the committee, I was honored to be selected as DLL’s representative, and it has proved to be an invaluable resource for me from both a professional development perspective and for industry networking. I can’t recommend the BCSC enough! It has been so helpful to have a forum to share best practices, voice concerns and utilize Capital Connections to lobby for change to regulations.

What is the last book you read?

I just finished reading The Culture Code: The Secrets of Highly Successful Groups by Daniel Coyle. The author goes inside some of the world’s most successful organizations and examines what works and what does not. He highlights trust, collaboration and positivity as key factors in all successful teams.