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March 1, 2013
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Daily news for the equipment finance sector

  Industry News 
  • What small businesses need to know about lending trends
    Small businesses must be aware of lending trends as they seek out financing, SCORE Association CEO Ken Yancey writes. The larger the bank, the less likely it is to lend to small businesses; well-capitalized, newer and less-profitable banks are more likely to lend to small companies, Yancey notes. He also says Small Business Administration loans should be considered. By contrast, alternative sources of capital such as crowdfunding should be approached with caution, Yancey writes. SCORE Small Business Success Blog (2/28) LinkedInFacebookTwitterEmail this Story
  Market Trends 
  • Revision shows U.S. GDP expanded 0.1% in Q4
    The Commerce Department has revised the gross domestic product for the fourth quarter from 0.1% contraction to 0.1% expansion. Government spending declined 15% during the quarter, and investment in inventory was lower than forecast. Despite uncertainty about the "fiscal cliff," consumer spending held up better than expected. Forbes (2/28), MarketWatch/The Tell blog (2/28) LinkedInFacebookTwitterEmail this Story
  Government & Regulatory 
  • Bipartisan duo plans legislation targeting "too big to fail"
    Sens. Sherrod Brown, D-Ohio, and David Vitter, R-La., say they plan to introduce a bill that would address concerns about banks that are "too big to fail," partly by requiring large banks to hold more capital. Meanwhile, JPMorgan Chase CEO Jamie Dimon says processes need to be in place to allow banks to fail and that small banks are not the solution. "We've raised $7.5 trillion [in financing] for customers. We cannot be replaced by small banks," he said. AmericanBanker.com (free registration) (2/28), San Antonio Express-News (2/28) LinkedInFacebookTwitterEmail this Story
  Best Practices 
  • How industry helps government manage "tsunami of data"
    Cybersecurity might be a hot topic, but few understand the role the private sector plays in helping the government develop best practices on information sharing and safeguarding. Kshemendra Paul, head of the government's Information Sharing Environment, weighed in from the sidelines of the Esri Federal GIS Conference and detailed how the geospatial community is helping tackle a "tsunami of data" that must be collected, shared and protected. SmartBrief/SmartBlog on Leadership (2/26) LinkedInFacebookTwitterEmail this Story
  ELFA Member News 
  ELFA News 
  • Is something missing from your personal or company profile?
    The ELFA Member Directory is the place to showcase your expertise and make a first impression for others looking to do business. Make sure your profile shows a complete picture of who you are.

    Individual profile
    In addition to your contact information and job function, don't forget to include your:
    • Photo: Upload a head shot to put a face with your name.
    • E-mail: Don't lose out on e-mails from business contacts and ELFA.
    • Cellphone: Stay in touch when you're on the go.
    • LinkedIn URL: Invite colleagues to connect. For help, visit bit.ly/ViqsAc.

    Company profile
    Make sure others searching the ELFA website and the Equipment Finance Advantage website can easily connect with your business. Note: Only the key contact at your company may update your company profile. Companies are invited to add: Questions? Contact membership@elfaonline.org.

    Four easy steps to update your profile
    1. Visit the ELFA website.
    2. Click on "User Login" in the top-right corner.
    3. Click on "Account Tools" in the top-right corner of Page 4.
    4. Click on "Update Profile Information."
    LinkedInFacebookTwitterEmail this Story
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  SmartQuote 
Mediocrity knows nothing higher than itself, but talent instantly recognizes genius."
--Sir Arthur Conan Doyle,
Scottish-born writer


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