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    Lessors Media Network Breaking Financial News Around The Web    
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Breaking News

Launched in 1998 by industry veteran John O. Semon, The Lessors Network is designed to keep the largest equipment lease finance community on the Web informed of breaking news shaping our industry. News is aggregated from thousand of trusted sources around the world. Multi-channel distribution platforms incorporate this site, Google News, Social Media and an Email Alert Distribution system landing on the desk of thousands of industry professionals around the world each morning.

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Latest News On Top
Bullet  CSI Leasing UK Goes Live With LeaseWave From Odessa Technologies
CSI Leasing, Inc. ("CSI"), one of the largest independent equipment leasing specialists in the United States, has gone live in the UK with LeaseWave from Odessa Technologies, Inc. ("Odessa").

Bullet  CIT Provides Financing to Audax Group to Acquire Wheel Pros
Financing was provided by CIT Bank, the U.S. commercial bank subsidiary of CIT.

Bullet  Lessors Network Introduces Employment Alerts
Similar to Twitter postings, abbreviated Employment Alerts include the job title, location, brief description and contact information using just 300 characters.”

    PricewaterhouseCoopers Like Kind Exchange    

PwC-eLKE is a comprehensive Like Kind Exchange solution that enables your company to capture LKE tax benefits in an automated and cost effective manner.

Contact: Rick Reekie  |  214.999.2580

Bullet  HFC launches new lease finance product
HFC will now finance new vehicles, machinery for construction, food processing equipment, printing and packaging industries.

Bullet  First Financial Hires New Regional Vice President to Support Growth in Midwest
Jim Baird has been brought on board as regional vice president.

Bullet  Contract Leasing Corp. (CLC) Prepares For Next Phase Of Growth With Latest Executive Hire
Michael Goor, CEO and President of Contract Leasing Corporation (CLC), a nationwide provider of semi-trailer leasing, sales and consulting services, announced the appointment of Stuart Tarmy as the company’s new Chief Operating Officer.

Mike Fleming Bullet  ELFA Mourns the Passing of Industry Icon Michael J. Fleming
The Equipment Leasing and Finance Association is mourning the passing of Michael J. Fleming, who served as the association’s President for 27 years. Mike passed away Aug. 19 after a long but valiant fight with cancer.

Bullet  Cardiva Medical closes private equity financing and senior secured facility with GE Capital
Cardiva Medical, Inc. announced today that it has closed the first two tranches of a $16.5 million Series 3 private equity financing and a $12.5 million senior secured facility with GE Capital.

Bullet  Bankers may be ready to believe in themselves again - Crain's
Eyeing better times ahead, New York's finance industry gets set to roll the dice.

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Sorensen, Jani - National Leasing - Winnipeg, Manitoba, Canada
Bridgmon, Petrina - Liberty Finance - Alabama
Mortimore, Mark - Ejarah Global Limited - Bahrain
Al Fariz, Mahesa - ORIX Indonesia Finance

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    Summit Funding Group, Inc. Funding Source    
Summit Funding

Summit Funding Group, Inc. has amassed a high performing portfolio in excess of $1.5 billion in equipment lease and finance originations and a history of working with companies of all sizes and most industries. Built to last, we deliver peak results with equipment finance solutions in any economic cycle.

Contact: Richard Ross  |  513.489.1222

Bullet  Small-Business Lending Is Slow to Recover - WSJ
Lending Remains Far Below Pre-Recession Levels; Things 'Aren't What They Used to Be'

Bullet  Sen. Schultz: Warns business owners of new credit card scam
The company in question, Northern Leasing, also operates under at least three other front names, and has over 800 complaints filed against them with the Better Business Bureau, the Wisconsin Department of Ag, Trade and Consumer Protection (DATCP) as well as in the state of New York.

Bullet  Northern Frontier Corp. Announces its Second Quarter 2014 Financial Results
For the three months ended June 30, 2014 ("Q2 2014"), management continued to focus on developing its civil service and logistics business, evaluating our pipeline of acquisition opportunities and sourcing the capital to execute on our growth strategy.

Bullet  Scotiabank Downgrades Cervus Equipment Corp to Sector Perform (CVL)
A number of other firms have also recently commented on CVL.

Bullet  ADP Announces Post-Spin Name of Its Dealer Services Business
ADP Dealer Services, Inc., a division of ADP® and a leading global technology solutions provider dedicated to helping dealerships and manufacturers drive measurable results, is pleased to announce that Dealer Services' new company name will be CDK Global, Inc., once the spinoff from ADP is completed.

Bullet  SunPower Launches Leasing Program For Residential Customers In Melbourne
SunPower Choice offers a money-back guarantee on the amount of solar energy the installation produces per year.

Bullet  METIS Financial Network and ARCSys™ Partner to Assist Financial Institutions with FASB CECL Transition
Alliance helps financial institutions manage changes in loan loss reserve calculations

    LeasingWorld Media Services   
LeasingWorld | Media

LeasingWorld magazine is a world leader for leasing news and analysis. It has a strong reputation for professional articles on all aspects of equipment leasing. Because we see our leasing industry as a global community, we tailor our output to satisfy the whole of the leasing world, right across the globe.

Contact: Jan Szmigin  |  +44(0)1905 621444

Marks & Associates Bullet  Marks & Associates, P.C. Renews Lessors Network Membership
Since 2006, Marks & Associates, P.C. (formerly, Marks & Weinberg) has focused its legal practice on equipment leasing and finance.

Bullet  CIT Serves as Lead Arranger and Administrative Agent in $90 Million Financing to The Levy Group
CIT Commercial Services served as sole Lead Arranger, Bookrunner and Syndication Agent for the transaction.

Bullet  Kingfisher fallout: leasing firms wary of doing biz with India
“Lessors continue to see serious market risks in India,” Kapil told BusinessLine.

Bullet  FASB Looks to Uncomplicate Accounting–A Little, At Least
Accounting is complicated – but accounting rule-makers are trying to make it at least a little simpler.

    Marks & Associates Legal Services    
Marks & Weinberg

Marks & Associates is a law firm that focuses exclusively on equipment leasing and finance. The lawyers of our firm have significant experience in dealing with virtually every type of equipment and facility financing, have participated in equipment financings worth over a billion dollars, and are recognized throughout the industry.

Contact: Barry Marks  |  205.251.8303

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