Itasca, IL – November 14, 2018 - ENGS Commercial Finance Co. (‘ENGS’), an industry leading commercial finance company, is pleased to announce that John Vande Moore, CFO at ENGS, has been elected to serve a two-year term on the Equipment Leasing and Finance Association’s Small Ticket Business Council Steering Committee.
The Small Ticket Business Council Steering Committee is one of five primary constituent bodies at ELFA. The committees are an integral part of ELFA’s operations, providing critical input on the direction of the association and serving as a bridge between the membership and the Board of Directors and staff. The committee members are elected by the Business Council membership for a term of two years on a staggered basis.
The Small Ticket Business Council Steering Committee represents financial services organizations primarily involved in transactions under $250,000, either individually or through lines. The committee analyzes the needs of companies in its segment and recommends to the Board how to meet those needs.
ABOUT ENGS COMMERCIAL FINANCE CO.: ENGS Commercial Finance (ENGS) is a full-service commercial finance company specializing in Equipment Finance, Working Capital Finance, and Insurance. Our industry-specific vendor finance programs are committed to Service, Speed, and Simplicity. Since 1952, ENGS has been consistently lending and helping our customers expand their businesses. ENGS was recognized as a leading independent finance company in the U.S. by The Monitor. On October 29, 2018, ENGS entered into a definitive agreement to be purchased by Mitsubishi UFJ Lease & Finance Company Limited (“MUL”), a prominent global leasing company and part of Mitsubishi UFJ Financial Group, Inc., one of the Top 10 leading financial institutions in the world. ENGS will be MUL’s North American vendor-based equipment finance company.
About ELFA: The Equipment Leasing and Finance Association (ELFA) is the trade association that represents companies in the $827 billion equipment finance sector, which includes financial services companies and manufacturers engaged in financing capital goods. ELFA members are the driving force behind the growth in the commercial equipment finance market and contribute to capital formation in the U.S. and abroad. Its 575 members include independent and captive leasing and finance companies, banks, financial services corporations, broker/packagers and investment banks, as well as manufacturers and service providers. For more information, please visit www.elfaonline.org. Follow ELFA on Twitter @ELFAonline.
For more information about ENGS Commercial Finance Co. or this Press Release, please contact us at mediarelations@engsfinance.com or visit our website at www.engsfinance.com.