Equipment Leasing and Finance Association - Investing Forward

A significant percentage of small business owners who are knowledgeable of Section 179 are electing to use the deduction for equipment acquisitions made last year. Additionally, an overwhelming majority of small business owners plan to invest in capital equipment in 2017.

IronPlanet®, a leading online marketplace for selling and buying used equipment and other durable assets, today announced details and new technology innovations for its upcoming Florida Cat Auction Services Unreserved Public Auction.

Quentin Cote, EVP, Mintaka Financial has been elected to serve a two-year term on the Equipment Leasing and Finance Association’s Small Ticket Business Council Steering Committee. Quentin has spent his career in the specialty finance sector, lending to, investing in, and building small business finance companies.

January 10, 2017, KINGWOOD, TX – Ascentium Capital LLC today reported $898.5MM in funded volume, representing a 28% increase over last year. Highlights for the company during 2016 included: - Management of $1.2 billion in assets representing 33% growth - Launch of the Merchant Finance division - Employ over 230 national finance professionals - Launch of the comprehensive MyAscentium partner portal

OneWorld Business Finance through its division US Energy Capital (OneWorld) is pleased to announce an alliance with Indoor Harvest to assist with financing for its customers and projects

Crestmark secured a total of $22,870,000 in financial solutions for 14 new clients in the second half of December.

Our company is expanding westward into California.  We are excited to announce that Darrell Sorenson, formerly Relationship Manager at City National Bank, has joined our firm, VenSource Capital LLC, as Regional Director to open a new office for us in Palo Alto and to expand our presence in northern California.

Global financial services software experts, Sword Apak, have been expanding further into the US market over the past decade and 2017 is looking to be a promising extension of this growth.

Scott Grady, president of Crestmark Equipment Finance (CEF), based in Bloomfield Hills, Michigan, announced the promotion of Chris Emge to Western Division sales manager. In his new role, Emge oversees a team of experienced business development officers, and is responsible for growing CEF’s business west of the Mississippi. Based in the San Francisco Bay area, Emge reports to Grady, and becomes a member of Crestmark’s management committee.

Pawnee Celebrates 35-year Milestone in 2017

New positions will expand equipment finance consulting services for managed solutions transactions, vendor/captive programs and sales training.

Crestmark President and COO Mick Goik announced the promotion of four individuals: Steven Turkish, John Trendell II, Lisa Beattie, and Troy Myers. Goik said, “In our 20th year of helping small- and medium-sized businesses, I’m proud to say that in 2016, Crestmark had its best year. Across the company, these individuals were each contributors to Crestmark’s success; and I am pleased to announce the promotions of Steve Turkish, John Trendell, Lisa Beattie, and Troy Myers.”

GSG Financial, a leading independent finance company, announced the addition of Auston Bennett as VP of Sales, focusing on Business Development. Auston will be responsible for maintaining our major account partnerships and growing our outsourced captive vendor relationships.

A Deloitte poll of about 3,000 accounting and finance respondents found that 54.7% expect to spend more time and effort on lease accounting implemention in the coming year. Some sectors have a busier lease accounting year in 2017 than others. How does yours stack-up?

Fleet Advantage, a leading innovator in truck fleet business analytics, equipment financing and lifecycle cost management, announced today it was named by Food Logistics as a Top 100 Software and Technology Provider in 2016, highlighting the top technology companies for the global food and beverage supply chain. The complete list appears in the magazine's November/December 2016 issue, as well as online at www.foodlogistics.com.