The White House selected Monroe Capital to develop a first-of-its-kind investment strategy focused on supporting businesses operating in the U.S. automotive supply chain. Along with the advisory support of MEMA, The Vehicle Suppliers Association...
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September 23, 2024, 07:18 AM
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Clarus Capital announced the successful closing of a $20 million lease facility for a private equity-backed automotive services company. The financing will enable the acquisition of equipment vital for enhancing and expanding the company’s extensive...
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August 19, 2024, 07:18 AM
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Post Road Equipment Finance (Post Road) announced the successful completion of two key transactions in the automotive industry, cementing its role as a premier financing partner in key manufacturing sectors.In the first transaction, Post Road...
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July 15, 2024, 07:20 AM
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In a strategic move to support its expansive growth and capital expenditure initiatives, a prominent global automotive supplier has secured a $25 million equipment leasing commitment from Wingspire Equipment Finance. This partnership enables the...
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April 25, 2024, 07:15 AM
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Encina Lender Finance, LLC announced it has closed a $22.5 million senior credit facility for an indirect auto finance platform with a long track record of success spanning over two decades.The borrower will use this facility to support its continued...
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April 22, 2024, 07:05 AM
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First Business Bank’s Floorplan Financing team recently funded a $5 million inventory floorplan line of credit for an independent car dealership in Georgia.After considerable due diligence, ownership was very impressed and selected First Business...
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January 30, 2024, 07:10 AM
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First Business Bank’s Floorplan Financing team funded a $1 million inventory floorplan line of credit for an independent car dealership in New Jersey.After a six-year relationship with a large national bank, the new client sought a closer partnership...
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December 21, 2023, 07:20 AM
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Solifi, a global fintech software partner for secured finance, received an accolade at the 9th annual Motor Finance Europe Awards in the Digital Innovation of the Year (Technology Company), Retail Solutions/Vehicle Management category. The Awards...
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October 24, 2023, 07:05 AM
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Inovatec Systems, a provider of cloud-based software solutions for lenders, announced it has reached an agreement with AFG Canada to provide automated financing technology that supports the organization’s automotive leasing programs available to...
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July 06, 2022, 07:00 AM
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Encina Equipment Finance (EEF) announced it has provided a $20 million loan to an automobile repair company for the purchase of various equipment for new store locations. EEF was represented by Reed Smith LLP.Launched in June 2017, Encina Equipment...
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May 23, 2022, 07:18 AM
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eCapital Corp., a tech-enabled finance provider across North America and the UK, announced the recent closure of a $21 million working capital line of credit to a Southern California automotive company.Operating profitably in a competitive industry...
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May 23, 2022, 07:05 AM
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Solifi announced a collaboration with BlackBerry Limited that will integrate BlackBerry IVY with the company’s open finance platform to drive innovative, high-impact finance use cases for OEMs and automotive finance providers. Solifi becomes the...
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January 27, 2022, 07:20 AM
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First Business Bank announced the closing of a $4 million inventory floorplan line of credit for an independent car dealer through its Floorplan Financing group.
Executives at a growing Texas dealership sought responsive, reliable service and...
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June 21, 2021, 07:17 AM
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Popular, Inc. announced that Banco Popular de Puerto Rico (“Banco Popular”), its Puerto Rico banking subsidiary, has agreed to acquire and assume from Reliable Financial Services, Inc. and Reliable Finance Holding Company, subsidiaries of Wells Fargo...
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February 15, 2018, 06:37 AM
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Toyota and Lexus retailers across the UK are making the business of financing a car purchase quicker and simpler for customers with the introduction of NGage, a new, web-based electronic point-of-sale system.Commissioned by Toyota and Lexus Financial...
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January 10, 2018, 06:10 AM
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With an intense battle for a leadership position in the autonomous vehicle market, U.S. automotive CEOs are stepping up investment in innovation, artificial intelligence (AI) and emerging technologies compared to their global peers, according to a...
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July 31, 2017, 07:05 AM
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White Clarke Group announced the publication of their latest Global Technology Report 2017 Auto Finance in the New Digital Ecosystem.
The report, and accompanying summary video, draws important conclusions from discussions between technology experts...
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February 09, 2017, 07:00 AM
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FactorTrust, The Alternative Credit Bureau, announced a partnership with White Clarke Group. Now, savvy auto financial service providers who utilize White Clarke Group’s CALMS loan management solution will have access to FactorTrust’s unique, highly...
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January 30, 2017, 06:18 AM
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According to the latest global asset and auto finance survey published twice yearly by White Clarke Group, so far in 2016 the auto and asset finance industry has coped well with uncertainty. While forecasts have been trimmed during the year, they...
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November 23, 2016, 06:37 AM
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When the U.S. Federal Reserve took a deep breath and raised its key interest rate, which had been sitting for so long at near-zero, it was hailed as a sign that the economy had finally shaken off the shackles of the Great Recession, and the confident...
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November 07, 2016, 05:00 PM
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The total balance of open automotive loans climbed 11.1 percent in the first quarter of 2016, surpassing the trillion dollar mark for the first time on record, Experian Automotive announced today. According to the most recent State of the Automotive...
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May 20, 2016, 07:19 AM
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Stonebriar Commercial Finance announced it has provided $12.0 million of acquisition loan financing to a major automotive manufacturer of OEM and aftermarket parts. The proceeds of the loan were used in conjunction with other capital to acquire a...
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August 26, 2015, 07:02 AM
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GE Capital has released a national survey of C-suite executives at middle market companies (ranging from $10 million -
Key Findings - The most significant insights to emerge from GE Capital’s survey of leaders of U.S. middle market firms...
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December 16, 2014, 06:58 AM
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