Originally published in NEFA Newsline Magazine’s May/June 2020 Issue The COVID-19 pandemic is impacting portfolio performance for many equipment finance companies and will continue to influence what portfolio management will look like for the foreseeable future.
As the coronavirus event continues to unfold in the U.S., GreatAmerica is focusing on the health and safety of our employees and top level, uninterrupted service for our customers. Our business continuity plan is activated and intent on providing the optimal, continuous, GreatAmerica Experience for our customers as we navigate this evolving health situation.
(Cedar Rapids, IA) – GreatAmerica Financial Services Corporation announced today that it has submitted an application with the Federal Deposit Insurance Corporation (FDIC) and the Utah Department of Financial Institutions (UDFI) to establish GreatAmerica Bank, an industrial bank to be located in the Salt Lake City, Utah metropolitan area. The proposed GreatAmerica Bank will be a wholly-owned subsidiary of GreatAmerica, helping it expand its ability to help its customers be more successful.
21 Feb 2020 (Cedar Rapids, IA) – GreatAmerica Financial Services Corporation completed its 19th term securitization of $656.4M in privately placed bonds with institutional investors. GreatAmerica uses proceeds from its securitizations to pay off debt in its warehouse and credit facilities to support continuous growth.
Corey Kerns from Collabrance Recognized on Annual CRN’s 2020 Channel Chiefs List Collabrance LLC, the GreatAmerica Master MSP, announced today that CRN®, a brand of The Channel Company, has named Corey Kerns, Vice President and General Manager, to its 2020 list of Channel Chiefs. This annual list recognizes the top vendor executives who continually demonstrate exemplary leadership, influence, innovation, and growth for the IT channel.
(Cedar Rapids, IA) – In its first issue dedicated to women, the Monitor named GreatAmerica Financial Services Corporation’s Tawnya Stone as one of the top 50 women in the equipment finance industry. The Nov/Dec issue selected the top 50 women for their “…industry engagement--participation in conferences, committees and volunteering--and industry leadership.” The Monitor is the longest running publication in the equipment finance industry and has a print and digital circulation of 10,000.
Chartec’s Alex Rogers to Facilitate Three Additional IT Sales Process Training Sessions GreatAmerica Financial Services Corporation and Collabrance LLC have opened registration for three new Sales Simplicity Seminars for the 2020 calendar year. The training is presented by Alex Rogers, CEO of CharTec and designed for Managed Service Providers (MSPs) and Office Technology Dealers wanting to overcome the common challenges with starting and scaling a Managed Information Technology (IT) business. During the two-day training, hosted at GreatAmerica headquarters in Cedar Rapids, Iowa, solution providers learn how to profitably sell Everything-as-a-Service.
Digital Signature Capture Helps Office Imaging Dealers Shorten the Sales Cycle (Boise, ID) – GreatAmerica Financial Services Corporation and Compass Sales Solutions announced today that they expanded Compass Sherpa Lease Tracker to capture digital signatures and submit electronic documents. The two companies share a mutual interest in improving the customer experience and accelerating in-the-field sales for office equipment Dealers.
CONCORD, CA (December 5, 2019) – D-Tools, Inc. and GreatAmerica have teamed up provide electronic systems integrators using D-Tools System Integrator (SI) the ability to offer their clients flexible payment options for projects and services, and present them as part of the proposal process. This new integration is available now for all US-based firms utilizing the D-Tools SI software solution.