Nations Equipment Finance reported that Tom Fanelli, Chief Risk Officer will be retiring from Nations Equipment Finance after fifty years in the Equipment Finance Industry. Tom started in the equipment finance business in 1967 as a collector with what was then known as General Electric Credit Corporation. He rose in the company to become a GE Capital Officer and the Chief Risk Officer for the Commercial Equipment Finance Division of GE Capital. He retired from GE in 2009 and joined a group of GE Capital colleagues in founding Nations Equipment Finance. Nations opened for business in 2010 and has grown to be one of the largest independent equipment finance businesses in the United States.

“Tom Fanelli is well known in the Equipment Finance Industry and we are sad that he is retiring,” said Phil Carlson, CEO of Nations. “He was an important member of our management team and helped us to build our company. We wish him all the best in his retirement,” Carlson added.

Nations Equipment Finance specializes in providing equipment leases and loans across a wide spectrum of asset classes including construction, transportation, manufacturing, aerospace and marine for small and medium sized businesses throughout the United States and Canada. Their transactions range in size from $1 to $50 million and focus on the underlying collateral value. Nations uses this collateral specific approach for both new and used equipment financings with terms between 3 and 7 years.