Crestmark Equipment Finance President Thomas R. Rutherford Named to ELFA’s 2020 Board of Directors

Crestmark Equipment Finance is pleased to announce the appointment of the division’s President Thomas R. Rutherford to the Equipment Leasing and Finance Association’s Board of Directors for 2020.

The Equipment Leasing and Finance Association recently announced its new board of directors and officers at its 58th annual convention on October 29. An active member of ELFA, this is Rutherford’s first time serving on the Board of Directors, where he will serve one three-year term on a staggered basis. ELFA’s Board of Directors develops and sets policy, provides for resources, adopts the strategic plan and budget, and monitors overall operations for the association. The Board also appoints an executive committee, nominating committee, investment committee and audit committee

“This is appointment is a well-deserved recognition of Tom’s contributions in the equipment financing industry,” said Mick Goik, Crestmark president. “He has an outstanding industry reputation, and we’re fortunate to have a division president with Tom’s experience and leadership.”

Rutherford joined Crestmark in 2014 through the acquisition of TIP Capital, an equipment leasing and finance company where he served as COO, and co-founded in 1999. He has more than 30 years’  experience in sales, marketing and operations, with over 25 years of experience in technology financing. Prior to TIP Capital, Rutherford was the director of syndications for AT&T Capital Systems Leasing, where he was responsible for the placement, syndication and management of a diverse portfolio of equipment financing transactions.

Rutherford earned his bacheolor’s degree in biology from the University of California – San Diego and his MBA from Wayne State University. He also has held Series 7 and a Series 63 Securities licenses.

The Equipment Leasing and Finance Association (ELFA) is the trade association that represents companies in the $1 trillion equipment finance sector, which includes financial services companies and manufacturers engaged in financing capital goods. ELFA members are the driving force behind the growth in the commercial equipment finance market and contribute to capital formation in the U.S. and abroad. Its 575 members include independent and captive leasing and finance companies, banks, financial services corporations, broker/packagers and investment banks, as well as manufacturers and service providers. For more information, please visit www.elfaonline.org.

Crestmark provides innovative financial solutions for businesses nationwide. Financing solutions include asset-based lending, accounts receivable financing, lines of credit, term loans, factoring, machinery/equipment financing and equipment leasing. Crestmark has extensive experience in helping many industries including transportation, manufacturing, staffing, petrochemical, renewable energy, government contractors, hospitality/hotels, insurance agencies, and technology hardware/software. Crestmark, a division of MetaBank®, is headquartered in Michigan, with additional offices in California, Florida, Louisiana, Tennessee, and Illinois; representatives nationwide; and a Canadian foreign representative office. www.crestmark.com