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February 5, 2013
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Daily news for the equipment finance sector

  Industry News 
  • Banks ease credit for some types of loans, Fed says
    U.S. banks are narrowing profit margins and loosening auto-loan requirements to bring in more business, the Federal Reserve says. Consumer demand for car loans is up compared with October, but home-mortgage applications are flat. Banks told the Fed that they aren't significantly relaxing credit standards for business loans or commercial real estate loans. USA Today (2/4) LinkedInFacebookTwitterEmail this Story
  • Small-business lending is seen as "underwhelming": The volume of financing to small businesses increased only slightly in December, according to the Thomson Reuters/PayNet Small Business Lending Index. "It's underwhelming," PayNet co-founder and President William Phelan said. "The next two to five months are going to be pretty slow." American City Business Journals/San Antonio (2/4), Reuters (2/4) LinkedInFacebookTwitterEmail this Story
  • Report: Equipment suppliers will benefit from offshore drilling
    Offshore-equipment suppliers stand to benefit this year from recent deep-water finds mixed with a drilling-vessel shortage, according to a report by Barclays. "We anticipate roughly 80 jackups and 50 floaters (drillships) will be delivered into the offshore market over the next two years and expect that relatively few of these units will displace rigs currently working," the report says. FuelFix.com (2/4) LinkedInFacebookTwitterEmail this Story
  Market Trends 
  Government & Regulatory 
  • CFTC to hold customer-protection discussion
    The Commodity Futures Trading Commission is set to host a discussion today on auditing standards, oversight of self-regulatory entities and futures brokers. This is the third such event in the past 12 months. Bloomberg (2/5) LinkedInFacebookTwitterEmail this Story
  ELFA Member News 
  • TBF Financial reports strong business activity
    TBF Financial had its strongest six months ever in the second half of 2012. The company purchased more than $70 million in written-off loans and charged-off leases, more than double the amount in the same period in 2011. TBF also secured six business opportunities from companies seeking to sell charge-offs this year. Read more. LinkedInFacebookTwitterEmail this Story
  ELFA News 
  • Funding sources: Become part of the 25th Annual ELFA National Funding Conference
    The ELFA National Funding Conference is the most effective forum for connecting funding sources with some of the finest organizations in the leasing and finance industry looking to establish relationships to fulfill funding needs. Scheduled April 9 to 11 at the Fairmont Chicago hotel, this year's conference promises to attract more funding-source exhibitors than in previous years, reflecting the optimistic atmosphere surrounding the leasing and finance industry during the past several months. Learn more about the National Funding Conference, and register as a funding-source exhibitor. LinkedInFacebookTwitterEmail this Story
  • Looking to recruit?
    Are you looking for top-quality candidates to join your organization? The secret to running a successful company is hiring great people. Set up your organization for success with the ELFA Career Center, the equipment-leasing and -finance industry's premier online employment resource. To post a job opening, visit the ELFA Career Center, create an account and post your job. You'll see results: In 2012, our job postings received an average of 603 views per job and 15 "Apply" button clicks. Questions? Visit the ELFA Career Center or contact postings@boxwoodtech.com or (866) 964-2765. LinkedInFacebookTwitterEmail this Story
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  SmartQuote 
Failure changes for the better, success for the worse."
--Seneca the Younger,
Roman philosopher, statesman and playwright


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