| Daily news for the equipment finance sector |  |
| Industry News |  |  |
|
- Business lending surges as banks seek growth
U.S. businesses are inundated with so many inexpensive loans that banks' margins are coming under pressure. Commercial and industrial loans increased 16% in 2012, according to SNL Financial. A Federal Reserve survey found narrowing loan spreads and relaxed lending standards. The Wall Street Journal
(2/19)     
| Market Trends | | |
|
- Obama warns of harm to economy if sequester takes effect
President Barack Obama said thousands of jobs and the U.S. economy will be put in danger if the budget sequester takes effect March 1, imposing $85 billion of spending cuts. He appealed to Republican lawmakers to back a debt-reduction plan that relies on a combination of revenues from eliminating tax breaks for the wealthy and a spending reduction. Republicans said Obama was merely trying to shift the blame for the sequester. USA Today
(2/19), NBC News/First Read blog
(2/19), The Washington Post
(2/19)
- Index shows a slip in homebuilders' confidence
U.S. homebuilders have become less optimistic this month, according to the National Association of Home Builders/Wells Fargo Housing Market Index. "This is partly due to ongoing uncertainties about job growth and consumer access to mortgage credit," NAHB Chairman Rick Judson said. "But it's also a reflection of the fact that builders are now confronting rising costs for building materials and, in some markets, limited availability of labor and lots as demand for new homes strengthens." Los Angeles Times (tiered subscription model)/Money & Co. blog
(2/19), eCreditDaily.com
(2/19)
- Investors see potential in bad loans, experts say
Nonperforming-loan securitizations are a hot commodity as investors seek opportunities for profit when the loans are eventually resolved or liquidated. The short-term nature of the investment also is attractive. "Investors are interested in buying NPL securitizations because the senior bond has tremendous credit enhancement and it's a fairly short-term investment providing more yield," said Eric Burner of Hunton & Williams. International Financing Review (free content)
(2/19)
| Government & Regulatory | | |
|
- Small companies utilize JOBS Act accounting provisions
Small companies planning an initial public offering are taking advantage of some -- but not all -- relaxed accounting provisions in the Jumpstart Our Business Startups Act, according to Ernst & Young. All emerging-growth companies that filed IPO documents last year used the JOBS Act to opt out of a requirement that an outside auditor weigh in every year on whether internal controls are effective. However, only 31% of eligible companies took advantage of a provision that lets them disclose less financial data. The Wall Street Journal
(2/18)
| ELFA Member News | | |
|
- Proterra taps Key Equipment for bus financing
Proterra has signed an agreement with Key Equipment Finance to offer a financing package for a battery-electric fast-charge transit bus. Expected borrowers include transportation agencies, companies and other commercial entities. Read more.
| ELFA News | | |
|
-
Jobs posted in the ELFA Career Center
Whether you're looking for a job or looking to fill a position at your company, the ELFA Career Center is your go-to online employment resource. Jobs posted include:
- Sales and Program Manager at Brocade Communication Systems
- Sales -- Site Support Representative -- Contractor at Ritchie Bros. Financial Services
- Business Analyst at Oracle
- Regional Sales Representation at IFS
- National Vice President for Sales at Cole Taylor Equipment Finance
Browse these and more jobs or list your openings in the ELFA Career Center!
-
Research-grant opportunities from the Foundation
The Foundation is awarding grants for proposed studies that would add to an expanding body of information about the equipment-leasing and -finance industry. We are accepting proposals for studies on Big Data and software. Learn how to submit a proposal and apply for a research grant, and stay tuned for more requests for proposal as we develop our 2013 research agenda. Check out the Foundation's Grants Web page for more information!
| SmartQuote | | |
|
 | We must travel in the direction of our fear."
--John Berryman,
American poet and scholar
|
| |
| |
|
Read more at SmartBrief.com |
|
A powerful website for SmartBrief readers including:
|
|
|
|
| |
| |
| | Recent ELFA SmartBrief Issues:
- Tuesday, February 19, 2013
- Monday, February 18, 2013
- Friday, February 15, 2013
- Thursday, February 14, 2013
- Wednesday, February 13, 2013
| | | Lead Editor: Jennifer Hicks
Mailing Address:
SmartBrief, Inc.®, 555 11th ST NW, Suite 600, Washington, DC 20004 | |
| |
|
| © 1999-2013 SmartBrief, Inc.® Legal Information |
|
