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February 18, 2013
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Daily news for the equipment finance sector

  Industry News 
  • Banks support nonprofit lender to small businesses
    Minneapolis' Butter Bakery Cafe is finding its banks, Wells Fargo and Franklin Bank, still hesitant to lend. The small business turned to nonprofit lender Metropolitan Consortium of Community Developers for a loan to expand. The consortium is supported by Franklin, Wells Fargo and other banks that think companies helped by the group could one day become a commercial account. Star Tribune (Minneapolis-St. Paul, Minn.) (2/17) LinkedInFacebookTwitterEmail this Story
  • Mich. is on pace for goal of 10% renewables, report says
    Michigan is making headway in its goal of obtaining 10% of electricity from renewable sources by 2015, according to a report by the Michigan Public Service Commission. "More renewable energy came online in Michigan in 2012 than ever before," Chairman John Quackenbush said. The commission says the cost of renewable-energy contracts is "substantially lower" than that of coal-powered generators and is expected to continue to decline. MLive.com (Michigan) (free registration) (2/15) LinkedInFacebookTwitterEmail this Story
  Market Trends 
  • Economic indicators are expected to point upward
    An indicator this week for the U.S. economy is expected to reveal continued strength in the housing market as measured by construction. Meanwhile, a business-outlook gauge is projected to turn modestly positive this month, from negative last month. MarketWatch (2/17) LinkedInFacebookTwitterEmail this Story
  • U.S. consumer confidence holds steady
    A January survey of U.S. consumer confidence revealed no improvement from December, despite the absence of imminent "fiscal cliff" worries. "People have tended to be cautious about the economy for a long time. We haven't seen much change in that sentiment for a while," said Matt Towson, a spokesman for the Discover U.S. Spending Monitor survey. New York Post (2/18) LinkedInFacebookTwitterEmail this Story
  • China's economy is weak but poised for growth, economist says
    Accelerated construction spending helped China avoid a sudden deceleration in economic growth, and "reasonably fast" growth can be expected to resume soon, Li Daokui, an economist at Tsinghua University and former adviser to the central bank, said in an interview. Nonetheless, it's "still a poor economy. So there's a long way to go for the Chinese economy to catch up," Li said. Bloomberg Businessweek (2/17) LinkedInFacebookTwitterEmail this Story
  Government & Regulatory 
  ELFA Member News 
  ELFA News 
  • ELFA National Funding Conference: The one event you can't afford to miss
    If you can attend only one conference this year, make it the ELFA National Funding Conference, scheduled April 9 to 11 in Chicago. Need convincing? How about:
    • You will reconnect with contacts you haven't seen in a while.
    • People are moving around, and their roles are changing at an unprecedented pace. Meet the new faces.
    • See them all in one place in a compact, two-day period -- more bang for the buck.
    • This is the only meeting of its kind.
    Need more convincing? Figure out the cost benefit to your company.
    • The cost to purchase an exhibit booth is extremely affordable and includes two attendee registrations per booth purchase.
    • Exhibit booths are large -- 15 feet by 15 feet -- providing more privacy.
    • You have tremendous flexibility in the scheduling process. You can meet with the people you really want to see.
    • Chicago is a great venue: reasonable travel cost, central location, key decision-makers attending, minimal time commitment AND finally ...
    • It happens only once a year.
    This is the one you can't afford to miss. See details and register. LinkedInFacebookTwitterEmail this Story
  • Join the conversation at the Captives Best Practices Roundtable on April 9
    ELFA will hold an invitation-only round table exclusively for presidents or other senior officers of ELFA captive-finance companies who have oversight of the entire business and direct involvement in relations with the parent. The round table, facilitated by former ELFA Chairman Joe Lane, is scheduled from noon to 4:30 p.m. April 9, immediately preceding the National Funding Conference. Registration is $375 per participant. View the agenda and register. If you have questions, contact Alexa Carnibella at acarnibella@elfaonline.org or (202) 238-3416. LinkedInFacebookTwitterEmail this Story
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  SmartQuote 
You will become as small as your controlling desire; as great as your dominant aspiration."
--James Allen,
British author


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