Bob Rinaldi, President, Bob Rinaldi, LLC describes how and why independent equipment finance companies must be looking ahead and investing in their future today to avoid being disrupted in the future. According to Rinaldi, today is the time for independent equipment finance companies to expand into new and non- traditional markets – including providing new types of lending products that will add new revenue streams to their traditional equipment finance lending and leasing businesses.
Rinaldi also explains that by saying “yes” to new forms of lending, independent finance companies can position themselves to compete effectively with banks and become multi-lined commercial finance businesses. From Rinaldi’s perspective, in ten years, the independents that merely continue to do business the same way they have been doing business for years, will ultimately be disrupted.
Equipment Finance Advisor’s Thought Leadership Videos feature interviews with subject matter experts and leaders from bank-owned equipment finance companies, leasing companies, banks, independent commercial finance companies, consultants, service and product providers and more – offering their candid thoughts in interviews broadcast via Equipment Finance Advisor’s YouTube Channel.