Direct Capital Executive Named Chair of ELFA Steering Committee

Direct Capital Vice President of Business Development Daniel Krajewski is named Chair of the Equipment Leasing & Finance Association Captive & Vendor Finance Business Council Steering Committee.

Portsmouth, New Hampshire (PRWEB) February 06, 2013 - Daniel Krajewski, Vice President of Business Development at Direct Capital, has been named the Chair of the Equipment Leasing & Finance Association’s Captive & Vendor Finance Business Council Steering Committee. Krajewski brings more than 20 years of industry experience to a committee looking to encourage growth in the booming equipment industry.

The Captive and Vendor Finance Business Council Steering Committee represents financial services organizations that provide sales-assisted financing and vendor and manufacturer support activities, either on a third-party or captive basis. ELFA reports in its monthly business survey, the MLFI-25, that new business lending volume in December 2012 increased 6% over was $11.5 billion, up from $10.8 billion in December 2011 and 14% for the year, and the committee will be tasked with finding new ways to foster further equipment leasing growth in 2013.

Krajewski currently leads the vendor finance business development efforts for Direct Capital, a leading provider of equipment leasing, business loans, andworking capital. He has also held leadership roles in vendor finance at GE Capital and CIT.

“I look forward to working with the committee, ELFA lenders and suppliers and my colleagues here at Direct Capital to bring solutions to the market and encourage the kind of growth that we know this industry is capable of,” Krajewski said.

The industry is primed for that sort of growth, according to the Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI). Confidence among equipment dealers nationally is up nearly six full points from December, according to the index.

About Direct Capital

Established in 1993, Direct Capital (http://www.directcapital.com) provides financing for small- to mid-ticket equipment, franchise remodels and technology purchases, working capital, and business loans. The company is headquartered in Portsmouth, N.H. and operates offices in New York, California, and Georgia. You can follow Direct Capital on Twitter at http://twitter.com/DirectCapital or subscribe to its PointBlank blog at http://blog.directcapital.com/.

Contact:

Dave Choate
dchoate@directcapital.com
603-766-9360

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