The National Equipment Finance Summit 2015, a three day educational and networking event hosted in Long Beach, California, concluded last week with discussions around cutting-edge financial technology and its application in the commercial equipment finance industry.

With over 240 equipment finance professionals, brokers, funders and service providers, this was a great opportunity to see the latest developments in equipment finance and the future trends to expect. There were some interesting discussions around alternative financing, electronic signatures and funding efficiencies that resonated well with the attendees.

What was most striking to us was the appetite for new technology. Lessors and dealers using old technology and manual processes are unable to adapt to changing market requirements and are looking for an end-to-end solution built on Salesforce. New technology is needed for them to grow revenue in today’s highly competitive market.

Cloud Lending Solutions offers a cloud-based innovative leasing solution built natively on Salesforce that gives equipment lessors the flexibility to configure the solution based on their unique needs. In addition, our loan origination application along with our lease servicing application enables them to make the entire leasing process more agile and affordable.

The event was also a great opportunity for the attendees to meet with leading service providers and funding sources in the industry. We interacted with a lot of equipment finance companies, lessors and brokers, and we’re excited to see the interest garnered by our solutions. Our only complaint about the entire event was that there was only one bar at the reception!

We came away with a very positive feeling from the NEFA summit, and feel that the equipment finance sector is looking for disruptive technologies for growth and profitability. Cloud Lending Solutions is excited to introduce its solutions to this industry, and we are looking to more conversations with leasing professionals at our next leasing event.

Small Business Lending: A For-Profit Business

There is nothing small about small business.  There are 28.8 million small business in the United States, and small businesses make up 99.7 percent of all businesses in the country.  Small businesses are the engine that drives our economy, so ten years ago when our...

Winning Over Resistance to IT Changes

Finance organizations worldwide are struggling with aging lending and leasing systems. They have read much data and various case studies showing how new systems can improve operational efficiency, increase competitiveness and integrate with the third-party solutions...

Two Readily Available Solutions to Expand Funding for Smaller Businesses

Small and mid-sized companies are vital to the prosperity of the U.S. economy. Yet many struggle to secure the financing needed to grow their businesses. Access to financing has improved to some extent in the recent years as have the options with the influx of online...

Asset-Based Financing Models Can Narrow Funding Gap for UK SMEs

The shortage of affordable finance options for small and medium-sized enterprises (SMEs) in the UK has received widespread attention, and rightly so. The data trends are especially disturbing given the importance of small business sustainability and growth to the...

Chrome Capital – National Leader in Motorcycle Leasing

Chrome Capital, national leader in motorcycle leasing, offers 2, 3 and 4 year term leases for new Indian bikes and pre-owned Harley Davidson bikes via an innovative motorcycle leasing product, TestRide®. Chrome Capital was limited by their previous simple servicing...

Essential Ingredients of a Modern Leasing Platform

Shifting financial regulations and rising expectations from a new breed of digitally savvy customers have brought many leasing companies to a crossroads. Lessors that choose the path of progress have an opportunity to expand their businesses. This white paper...
Load More

Get help from the industry's lending experts

For more information, ask a question or to request a demo, contact us.
Please Complete All Fields