Capital
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Since being issued in March 2023, Section 1071 of the Dodd-Frank Act has prompted a lot of discussion about its implications for institutions serving the equipment finance industry. In this Trail Mix installment, we’ll provide a quick overview of what you need to know about Section 1071.
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Tamarack has expanded its executive leadership team with the addition of Mitch Peterson as executive vice president of operations. In this role, Peterson will lead the company’s professional services team and oversee all IT and human resources activities.
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Washington, D.C. — The Equipment Leasing and Finance Association (ELFA) today announced that Oakmont Capital Services is the recipient of the 2023 Operations and Technology Excellence Award. Their award-winning project will be showcased during ELFA’s Operations and Technology Conference, Sept. 11-13 in New Orleans.
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Fortunately, modern technology stacks present equipment finance entrepreneurs with a very attractive alternative that completely avoids the CapEx investment analysis.
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One of the oldest and most common business plans in equipment finance is the broker-to-lessor transformation and goes like this: establish one’s brand as a finance broker, build customer and lender relationships, grow the business to the point where one can secure funding for the paper and become a lessor. One could say it’s a straightforward three-step process.
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