Comparing the equipment financing industry 25 years ago and today, Adam D. Warner, president of Key Equipment Finance, sees different industry players but the same kinds of people: innovative, creative and talented individuals.
"I believe that our workforce always has been and always will be the hallmark of the industry," Warner says in a retrospective piece for the Monitor celebrating its 25th anniversary. "By its very nature, the equipment finance industry's workforce is more innovative and entrepreneurial than other sectors of the financial services industry. The growing populatiry of managed services is a great example of the innovative way to solve a problem developed by people in the industry. As more companies have shifted from financing hard collateral, equipment finance companies have had to look for new ways to meet new needs - in this case the need for creative, nonstandard financing solutions."
Warner goes on to acknowledge the contributions of the Equipment Leasing and Finance Association (ELFA) and the bright future he sees ahead for the industry.