The Equipment Leasing & Finance Foundation (the Foundation) released the April 2024 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI). The index reports a qualitative assessment of both the prevailing business conditions and...
Read Story
April 18, 2024, 07:25 AM
|
Maxim Commercial Capital (Maxim) announced a strong start to 2024. The hard asset secured lender provided equipment purchase and cash out financings in 31 states during the first quarter of the year. Maxim is a national provider of loans and leases...
Read Story
April 18, 2024, 07:22 AM
|
MidFirst Bank, the largest privately owned bank in the nation, has entered into a definitive agreement to acquire the Houston, TX banking locations of Amerant Bank, the main subsidiary of Amerant Bancorp Inc. Upon closing expected later this year...
Read Story
April 18, 2024, 07:20 AM
|
Global Jet Capital announced the closing of its BJETS 2024-1 securitization, raising approximately $575 million. BJETS 2024-1 is Global Jet Capital’s seventh asset-backed security (ABS) offering, bringing total assets securitized to approximately...
Read Story
April 18, 2024, 07:05 AM
|
Orders of manufacturing technology, measured by the U.S. Manufacturing Technology Orders Report published by AMT – The Association For Manufacturing Technology, totaled $343.3 million in February. This was a 2.1 percent increase from January 2024 but...
Read Story
April 18, 2024, 07:03 AM
|
Preliminary net trailer orders decreased nominally from February to March. At 13,600 units, orders also were lower compared to last March, down 24 percent year over year. Seasonal adjustment (SA) at this point in the cycle leaves March’s tally...
Read Story
April 18, 2024, 07:00 AM
|
Driven by strong consumer spending and a resilient labor market, the U.S. economy continues to expand at a healthy clip, according to the Q2 update of the 2024 Equipment Leasing & Finance U.S. Economic Outlook. Real equipment and software investment...
Read Story
April 17, 2024, 07:25 AM
|
Finova Capital, LLC closed on a senior credit facility with a major specialty lender. The $30 million facility will be used to originate new equipment leases. Bob Neagle, CEO of Finova, noted the “addition of the new facility will allow us to finance...
Read Story
April 17, 2024, 07:20 AM
|
The NFIB Small Business Optimism Index decreased by 0.9 of a point in March to 88.5, the lowest level since December 2012. This is the 27th consecutive month below the 50-year average of 98. The net percent of owners raising average selling prices...
Read Story
April 17, 2024, 07:15 AM
|
I Squared Capital announced a transaction to combine the North American operations of two of its portfolio companies.The recently rebranded Transportation Equipment Network, "TEN" (f.k.a. Star Leasing), will acquire TIP Canada, the Canadian...
Read Story
April 17, 2024, 07:10 AM
|