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February 15, 2013
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Daily news for the equipment finance sector

  Industry News 
  • Banks work with Mich. group to help small businesses
    Fifth Third Bank, PNC Bank, Huntington Bank and The Private Bank are among financial institutions working with Michigan Economic Development and the Michigan Strategic Fund to form Grow Michigan, a $60 million fund that will offer loans and advice to small businesses. Loans will range from $500,000 to $3 million, with an interest rate generally less than 10% and a payback period of three to five years. Crain's Detroit Business (free registration) (2/14) LinkedInFacebookTwitterEmail this Story
  Market Trends 
  • Moody's lays out core criteria for U.S. rating
    The national debt ratio and economic growth will be key factors as Moody's Investors Service evaluates the U.S. rating in coming months, the credit rating agency says. However, the debt limit will not be a "fundamental factor," Moody's said. Reuters (2/14) LinkedInFacebookTwitterEmail this Story
  • Democrats urge support for $110B sequester plan
    An equal amount of spending cuts and additional tax revenue are included in a $110 billion sequester-replacement bill being introduced by Senate Democrats. The plan is aimed at replacing $85 billion in automatic spending cuts due to hit March 1. However, congressional Republicans oppose tax increases as part of any sequester alternative. The Hill/On The Money blog (2/14), The Huffington Post (2/14) LinkedInFacebookTwitterEmail this Story
  Government & Regulatory 
  • Democrats push back on criticism of CFPB structure and funding
    All but one Democratic senator, as well as two Independent senators, have sent a letter to President Barack Obama supporting the Consumer Financial Protection Bureau's structure and funding and vowing to block any Republican effort to change them. The GOP's talk of filibustering Director Richard Cordray's nomination in order to change those things is "irresponsible and inconsistent with our democratic values," the letter says. The Hill/On The Money blog (2/14) LinkedInFacebookTwitterEmail this Story
  ELFA Member News 
  ELFA News 
  • ELFA Executive Roundtable is nearly sold out
    Time is running out for senior leaders of ELFA regular-member companies who are still thinking about attending the 2013 Executive Roundtable, scheduled March 10 to 12 at The Westin Stonebriar near Dallas. We encourage you to register soon because space is getting limited. The round table is designed to be small and highly interactive, allowing industry leaders to discuss issues of the day, strategize about the future and create lasting business relationships.

    Remember, you must make a hotel reservation before Feb. 16 to receive the special group rate. We strongly encourage you to make a hotel reservation online. You may also call (972) 668-8000 or 1-888-627-8441, provide arrival and departure dates, and mention "ELFA Executive Roundtable."

    Visit ELFA's website to see the agenda, review the list of attendees and register for this conference. LinkedInFacebookTwitterEmail this Story
  • Explore opportunities in public-sector finance!
    AGLF/ELFA Public Sector Finance Forum
    May 8 to 10
    DoubleTree by Hilton Hotel Magnificent Mile in Chicago

    About the event
    The Association of Governmental Leasing and Finance has joined forces with ELFA to create a unique conference for equipment-leasing and -finance professionals who do business in the public sector. The agenda is designed to help these individuals understand trends in the municipal-leasing marketplace and explore opportunities with public-sector equipment-leasing transactions. Attendees will have ample networking opportunities while gaining insight into this unique marketplace.

    Who should attend
    Experienced equipment-leasing and -finance professionals seeking to keep up with product, administrative and legislative trends in the tax-exempt and federal-finance market, as well as those seeking insight into the public-finance sector as a business opportunity. Business executives, lawyers, bankers, brokers, certified public accountants, financial advisers, investment bankers, document specialists, syndicators, and credit and sales personnel also will benefit from attending.

    Visit the AGLF website for complete details and to register for this event. LinkedInFacebookTwitterEmail this Story
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  SmartQuote 
If you want to live a happy life, tie it to a goal. Not to people or things."
--Albert Einstein,
German-born theoretical physicist


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