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John Crum of Wells Fargo on Managing Liquidity, Asset Obsolescence and the Future of Equipment Finance

Date: Jul 15, 2026 @ 07:00 AM
Filed Under: Industry Insights

John Crum, Head of Wells Fargo Specialty Equipment Finance and Leasing meets with Equipment Finance Advisor publisher Michael Toglia to discuss the findings from the recent Wells Fargo Commercial Finance report, How Working Capital Has Become the Infrastructure Behind Resilient Economies. Crum discusses how liquidity management has evolved into a strategic priority, reshaping the role of equipment finance professionals working with C-suite executives. The conversation examines the shared working capital challenges emerging across the healthcare and technology sectors, despite their different business models, and how finance providers can respond with more flexible solutions. Crum also discusses growing investment demands in AI infrastructure, data centers, and healthcare modernization, and why leasing is consistently an attractive alternative to ownership. Finally, the interview reveals how rapid technology advances are influencing leasing structures, the importance of flexible asset management strategies, and the industry's approach to preserving liquidity, managing obsolescence and supporting long-term business resilience.

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Michael A. Toglia
Founder / Publisher | Equipment Finance Advisor & ABL Advisor
Michael Toglia's experience in commercial finance spans over 35 years having held various roles in senior management, business strategy, business origination, capital markets, operations and commercial credit underwriting.

Prior to entering the publishing industry, Toglia most recently served as Vice President of Capital Markets and as the National Sales Manager for both the Equipment Finance and Asset-Based Lending Divisions of Textron Financial Corporation. He also held various roles with General Electric Capital Corporation and CIT Group.

Toglia currently serves on the Equipment Leasing and Finance Association's Service Providers Business Council Steering Committee and the ELFA's Communications Committee.

Toglia has also served as Marketing Chair, for the Turnaround Management Association (TMA) Philadelphia/Wilmington Chapter.

From 2018 - 2020, Toglia served as the Chief Executive Officer of the National Equipment Finance Association (NEFA).

Toglia holds a Bachelor’s Degree in Accounting and an M.B.A. in Finance.

Contact Michael Toglia at 484.380.3184 or mtoglia@equipmentfa.com.
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