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America Family Care® finds the right franchise funding partner with Tandem Finance and the Fund Your Franchise team

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NOV 30, 2021

FORT COLLINS, COLO – American Family Care franchise is a leader in urgent care services. Their impressive growth during the Covid-19 pandemic is exactly why Tandem Finance is partnering with American Family Care under their newly launched Fund Your Franchise initiative to provide financing to current and expanding franchise units making healthcare more accessible to all in their communities. This collaboration will provide American Family Care (AFC) franchise owners and franchisors the ability to offer payment options for new and used equipment, signage, remodeling or reimaging upgrade initiatives.

“We are very excited to work with the corporate team at the American Family Care offices and thrilled to be able to support their tremendous growth during the pandemic.”[…]

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SANY America adds Tandem Finance to authorized financing partner roster

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NOV 23, 2021

FORT COLLINS, COLO – SANY America is an industry-leading Construction Equipment Manufacturer and with their recent signs of consistent growth over the past year shows their desire to add a new, reliable funding source. Tandem Finance is partnering with SANY America to provide financing services to the Dealer Partner network. This collaboration will provide authorized SANY Dealer Partners the ability to offer payment options for compact, medium and heavy-duty equipment.

Mike Sheehan, Tandem Finance President states, “We are extremely excited to have the opportunity to partner with SANY America. Both SANY and Tandem share an aggressive appetite for growth and a continuous desire to improve our products and services so our customers have a trouble-free experience”[…]

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Chesswood Closes Marketed Securitization for US$356 Million

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OCT 25, 2021

FORT COLLINS, COLO – Chesswood Group Limited (“Chesswood”) (TSX: CHW) is pleased to announce that its subsidiary Pawnee Leasing Corporation (“Pawnee”) has closed its marketed U.S. securitization of receivables. Proceeds from this securitization totalled US$356 million and will be used to repay Pawnee’s warehouse facility and more than US$140 million of Chesswood’s corporate revolving credit facility. 

“This transaction substantially improves Chesswood’s financial position by increasing liquidity and providing us with an approximate 100bps improvement in our cost-of-funds. The success of this asset-backed securitization is evidence of Pawnee’s high quality portfolio and further demonstrates Chesswood’s ability to manage treasury and funding resources, allowing us to continue to grow the business” said Ryan Marr, Chesswood’s President and CEO[…]

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Tandem Finance strengthens its Vendor Service Program with Linda Clements

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OCT 5, 2021

FORT COLLINS, COLO – Tandem Finance recently announced the promotion of Linda Clements to Vice President of Vendor Program Management. Linda will assume executive leadership responsibility for the Vendor Service area of the Tandem Finance business.

In her role, she will be working closely with our Vendor Service Management and the Vender Service Representative Group in continuing the ongoing efforts of providing excellent support

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Bardwell accepts VP promotion and continues to shape Transportation & Construction

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AUG 20, 2021

FORT COLLINS, COLO – Mike Bardwell has recently been promoted to Vice President and General Manager of the Transportation & Construction segments within Tandem Finance. Mike has been instrumental in forming, developing and ongoing growth and refinement of Tandem Finance's activity in the marketplace's commercial vehicle and constructions segments.

Bardwell arrived at Tandem in November of 2020 with just one Sales Manager working Transportation. Mike Sheehan, President of Tandem Finance said, “Mike joined us and brought his

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Tandem Finance defines Diversified Industries Segment with Murphy leading the charge

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AUG 18, 2021

FORT COLLINS, COLO – Tandem Finance recently announced the promotion of Martin Murphy to Vice President and General Manager of Diversified Segments. He will be managing Business Development for Diversified Segments and Sales Personnel.

Murphy, 56, joined Tandem in February of 2019, just two months after the company’s inception. “Marty has been our Senior business development officer during his tenure. He has done a consistently outstanding job of presenting the Tandem value proposition[…]

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Tandem Finance adds Megan Allen to lead franchise segment as Brand Ambassador

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JUL 22, 2021

FORT COLLINS, COLO – Tandem Finance officially announces that Megan Allen has joined as Tandem Finance’s Brand Ambassador to the franchise market. She brings a wealth of industry knowledge and experience to our team. Megan has spent her entire career in the franchise industry. She owned her own business with her father during college in the finance industry, helping franchisees create growth through leasing equipment for property improvement plans […]

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Chesswood Announces Strong First Quarter 2021 Results and a 50% Dividend Increase

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MAY 6, 2021

TORONTO, CAN – Chesswood Group Limited (“Chesswood” or the “Company”) (TSX: CHW), a publicly-traded North American commercial equipment finance provider for small and medium-sized businesses, today reported its results for its first quarter ended March 31, 2021. At quarter end, Chesswood had 17.6 million shares outstanding (giving effect to the exchange of the currently outstanding 1.4 million exchangeable shares) and a total market capitalization of $164.5 million […]

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Tandem Finance circulates multi-channel financing partnership with Refresh Fans

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APR 21, 2021

FORT COLLINS, COLO. – Tandem Finance is excited to reveal a new partnership with HVLS (high-volume, low speed) fan manufacturer, Refresh Fans Inc. Being a new entry to the U.S. market,
Refresh Fans has the opportunity to distribute financing through multiple sales channels successfully.

“Working with Paul Reeves at Refresh Fans has resulted in a customized and competitive finance offering for their end-user customers via direct and dealer channel sales organizations.” says Doug Andring, Vice President of Business Development at Tandem Finance. “Allowing their customers to pay monthly for the equipment they need, not what they can only afford from their capital budget is a win/win for both parties.”[…]

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KYCS locate Tandem Finance for a commercial financing partner

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APR 20, 2021

FORT COLLINS, COLO. – Tandem Finance is pleased to announce recently partnering with theft recovery and tracking solution leader KYCS. This association has the opportunity to work well by servicing equipment and software solutions. This collaboration will provide KYCS the ability to offer payment options for their customers in the United States for the first time and expand their products and services to more customers. "Becoming the U.S. finance partner for KYCS, which is headquartered in the Toronto, Ont. area, was a natural fit due to our Canadian parent company[…]

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Chesswood Announces the Merger of its Blue Chip Leasing Subsidiary with Vault Credit Corporation

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APR 7, 2021

TORONTO, CAN – Chesswood Group Limited (“Chesswood” or the “Company”) (TSX: CHW), a North American commercial equipment finance provider for small and medium-sized businesses, today announces that it has entered into a definitive agreement to merge its subsidiary Blue Chip Leasing Corporation with Vault Credit Corporation (Vault Group of Companies’ leasing division), increasing the scale of its equipment finance business in Canada. The combined entity will be managed by Daniel Wittlin and Vault’s senior management team. The merger will result in Chesswood holding a controlling 51% ownership interest in a newly created corporation which wholly-owns each of Blue Chip and Vault […]

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Tandem Finance bolsters Bardwell’s new
Transportation Finance Team and Vendor Services

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JAN 26, 2021

FORT COLLINS, COLO. – Tandem Finance announces the recent formation of Tandem Transportation Finance. The new team is led by industry veteran and Tandem General Sales Manager of Transportation and Construction, Mike Bardwell. He and the company have rostered industry veterans: Greg Clemens, Warren Story, Dallas Bardwell, Robert Fischer and Carl Meinhardt to launch them into the national transportation marketplace.

Bardwell says, "our focus is to reach out and support the established commercial transportation dealers in the lower 48 states while providing consistent service, deep credit and risk-adjusted pricing. We're building a strong performing portfolio of high-quality transportation equipment assets."

Tandem is prepared to deliver competitive credit approvals from "A" to "Startup" credit profiles. A dedicated Vendor Service Team designed to support the commercial trucking dealership's unique needs has been established. Bardwell closes by stating, "With our appetite for a wide range of commercial credit profiles in vocational, medium-duty and select Class-8 applications, Tandem Transportation Finance will serve a wide cross-section of the needs that are not fully served in today's marketplace."

Tandem Finance marks 210% growth Y/Y and adds Transportation Finance Team view PDF

JAN 21, 2021

FORT COLLINS, COLO. – Tandem Finance is one of the industry’s fastest-growing small-ticket, independent, equipment finance and lease companies. Powered by the efforts of a great team and its valued vendor partners, Tandem continued its rapid national expansion in 2020 despite the challenges introduced by COVID in the springtime. The company overcame a challenging year by growing a remarkable 210% over the prior year.

Tandem President, Michael Sheehan stated, “While a great deal of resources and energy went to providing the necessary support to our customers, significant attention was also directed to our continued quest to expand and support our vendor program partners across a wide range of strategic vertical markets. I’m confident it’s that level of engagement and mutual support that has delivered results at this elevated level.”

Last year Tandem launched a Tandem Transportation Finance Team. Led by industry veteran Mike Bardwell, the new team has identified marketplace opportunities, is engaging new accounts and is already delivering a solid contribution to Tandem’s journey.

Additionally, Sheehan has increased personnel in business development, sales and vendor services. He recapped by saying, “We look forward to 2021 and the future as Tandem Finance grows and expands its targeted vertical markets and national sales organization. We are always looking to add quality sales team members, vertical market specialists and possibly small teams of producers.”



Section 179 at a Glance

Made available by Section179.org

Here’s how IRS Section 179 works:

In years past, when your business bought qualifying equipment, it typically wrote it off a little at a time through depreciation. In other words, if your company spends $50,000 on a machine, it gets to write off (say) $10,000 a year for five years (these numbers are only meant to give you an example).