5 Minutes with the Small Ticket Chair

What’s happening in the small ticket sector of the equipment finance space? Equipment Leasing & Finance magazine caught up with Brad Peterson, Chair of the Small Ticket Business Council Steering Committee (BCSC), to take the pulse of this sector. Peterson, CEO, Channel Partners Capital, is currently serving his 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?

In early Q1 we conducted a survey with our Small Ticket BCSC members that identified key areas of focus for 2021, and their collective interests centered on economic outlook, COVID-19 impact strategies, technology, portfolio management and benchmarking. The survey validated that economic recovery from the effects of the pandemic is at the forefront of member interest this year. In February, we invited economist Elliot Eisenberg to speak to the committee about the economic outlook for 2021, focusing on projected economic trends specific to the Small Ticket sector. The committee is highly interested in supporting and providing value to Small Ticket companies and will do so by continuing to curate and share focused topic content with members who have indicated interest in the Small Ticket channel.

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

I was fortunate to be recommended for a seat on the committee and I knew it would be a great opportunity to further my involvement with the association and the industry, as well as offer positive exposure for our company. 

I would highly recommend joining to new members, and for existing members to consider furthering participation by their forward-thinking senior managers to expand their horizons within the industry. 

The Business Council Steering Committees are an excellent way to build relationships within ELFA and provide immense value in networking and meeting others within an industry proactive peer setting. 

Join the Roundtables!

The BCSCs are planning free best practices roundtables for ELFA members for 2021. Register for the event focused on your sector at www.elfaonline.org/events. 

About the BCSCs

ELFA’s Business Council Steering Committees represent ELFA’s five key business segments: Captive and Vendor Finance, Financial Institutions, Independent, Service Providers and Small Ticket. The committees pursue priorities related to their distinct memberships and integrate their work into the overall goals of the association. Activities include membership recruitment and grassroots political advocacy, contributing to industry research, and hosting sector-focused events. Interested in joining? Contact Ed Rosen at [email protected].