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News Stories (3939 Results) - Industry News

Sallyport Commercial Finance announced a $2 million funding solution for a cutting-edge manufacturing and technology company utilizing AI to provide a frictionless sales environment. The funding package includes $2 million in combined Accounts... Read Story
December 23, 2024, 06:45 AM


Cohn & Dussi announced that five of its attorneys have been recognized as Top Lawyers by Boston magazine for 2024. This prestigious accolade is a testament to the firm's commitment to excellence and the outstanding expertise of its attorneys.The... Read Story
December 20, 2024, 07:05 AM


November net trailer orders, at 20,800 units, were up 23% from October, but 4% below the level accepted in November 2023, according to this month’s issue of ACT Research’s State of the Industry: U.S. Trailers report.“November’s trailer orders bring... Read Story
December 20, 2024, 07:00 AM


Truepic, the enterprise solution for digital content authenticity, and Northteq have partnered to launch a next-generation solution that automates site inspections for equipment finance lenders. Lenders are now able to streamline equipment... Read Story
December 20, 2024, 06:55 AM


Wingspire Equipment Finance announced that it has structured $10MM in equipment financing for a global leader in agricultural manufacturing. The funding will be used to update and refresh the client's flagship Canadian manufacturing facility.The... Read Story
December 19, 2024, 07:05 AM


Clarus Capital announced the closing of an $11 million equipment lease facility for a leading U.S.-based manufacturer and distributor of food products. The financing will enable the company to acquire essential transportation and material handling... Read Story
December 19, 2024, 06:59 AM


Final North American Class 8 net orders totaled 37.2k units in November, on very strong tractor demand, as published in ACT Research’s latest State of the Industry: NA Classes 5-8 report.“Given the generationally weak profits experienced by for-hire... Read Story
December 19, 2024, 06:58 AM


RELAM, a lessor of railroad maintenance-of-way (“MOW”) equipment and portfolio company of Paceline Equity Partners, announced it has acquired Falcon Equipment, an equipment solutions and specialty truck company headquartered in Surrey, British... Read Story
December 18, 2024, 07:15 AM


LTi Technology Solutions announced it has donated more than $3,700 to local Women’s Center for Advancement (WCA). Each year, LTi chooses organizations to give back to. This year, LTi chose WCA. Employees could either donate money to their local... Read Story
December 18, 2024, 07:00 AM


The RSM US Middle Market Business Index (MMBI), presented by RSM US LLP (“RSM”) in partnership with the U.S. Chamber of Commerce, increased to 131.8 in the fourth quarter from 130.4 in the prior period on a seasonally adjusted basis. The MMBI survey... Read Story
December 18, 2024, 07:00 AM


Preliminary net trailer orders rose about 4,000 units from October to November, but at 20,500 units, were lower compared to last November, down 4% y/y. Seasonal adjustment (SA) at this point in the annual order cycle lowers November’s tally to 15,000... Read Story
December 18, 2024, 06:58 AM


Sallyport Commercial Finance announced a $750,000 factoring facility for a growing client in the disposal services industry. The client offers a comprehensive range of waste management and recycling solutions in the multi-residential space.The client... Read Story
December 18, 2024, 06:52 AM


Madison Capital announced that, effective Dec. 31, 2024, it will no longer offer direct financing for new equipment and vehicles. The company will continue to service existing clients and active accounts, while also working as an intermediary for... Read Story
December 17, 2024, 07:14 AM


Trinity Capital announced the commitment of $50 million in equipment financing to Form Energy, an American technology company developing and commercializing a new class of cost-effective, multi-day energy storage systems.Form Energy aims to reform... Read Story
December 17, 2024, 07:00 AM


November preliminary Class 8 same dealer used truck retail sales volumes held steady, slipping 1.3% m/m, according to the latest preliminary release of the State of the Industry: U.S. Classes 3-8 Used Trucks published by ACT Research.“Given that... Read Story
December 17, 2024, 06:59 AM


Eclipse Business Capital announced that it has provided a $135 million ABL credit facility to a service provider in the waste management industry.The credit facility is secured by accounts receivable and related business assets. The transaction will... Read Story
December 17, 2024, 06:58 AM


Gordon Brothers, the global asset experts, has provided Toys"R"Us Canada C$120 million in financing consisting of a C$100 million first-lien revolving credit facility and a C$20 million first-in, last-out term loan to support ongoing borrowing needs.... Read Story
December 17, 2024, 06:57 AM


Aquila Air Capital announced that Wafra, a New York-based, global alternative asset manager, completed the acquisition of its platform from Warburg Pincus.Wafra entered into a definitive agreement to acquire a controlling interest in Aquila on... Read Story
December 17, 2024, 06:45 AM


Clarus Capital announced the successful closing of a $12 million equipment loan facility designed to support the modernization initiatives of a private equity backed specialty manufacturing company. The financing allows the client to invest in... Read Story
December 16, 2024, 07:05 AM


HYPERAMS, in partnership with Rabin Worldwide, has been commissioned to conduct an exclusive online-only auction for a collection of late-model food processing and packaging equipment from a former cheese snack production facility. The auction... Read Story
December 16, 2024, 06:50 AM


Global Net Lease announced continued progress on its strategic disposition plan. Through Dec. 9, 2024, GNL has closed $620 million of dispositions, and, together with its pipeline of potential asset sales, dispositions currently total $1.1... Read Story
December 13, 2024, 07:02 AM


In an era where adaptability defines success, AP Equipment Financing is making the move to further embrace remote work. Starting December 12th, 2024, the company will operate as a primarily remote organization. This milestone reflects AP’s commitment... Read Story
December 12, 2024, 07:10 AM


Amerisource Business Capital has completed the successful closing and funding of a $13,000,000 senior credit facility for a specialty manufacturer of plugs and tapes based in Wisconsin. The loan proceeds were used for working capital and to refinance... Read Story
December 12, 2024, 07:00 AM


Truist Financial announced it received the highest overall rating of "Outstanding" from the Federal Deposit Insurance Corporation for its most recent Community Reinvestment Act examination period, from 2020-2022. The CRA encourages banks to help meet... Read Story
December 12, 2024, 06:52 AM


WesBanco and Premier Financial announced that WesBanco's shareholders and Premier's shareholders have each voted overwhelmingly to adopt and approve, as applicable, all proposals relating to the previously announced merger agreement for WesBanco to... Read Story
December 12, 2024, 06:48 AM


Regional farming and construction leasing company LSI Equipment has implemented Tamarack Technology’s DataConsole business intelligence in tandem with the TURBO-Lease back-office software to support business growth and drive operational efficiency.... Read Story
December 11, 2024, 07:05 AM


Fora Financial announced the closing of a two-year, $200 million revolving credit facility. ATLAS SP Partners, the warehouse finance and securitized products business majority owned by Apollo funds, will serve as senior lender for the credit facility... Read Story
December 11, 2024, 07:01 AM


A well-established company known for its innovative professional beauty products sought to expand its reach to new retailers. However, the business faced challenges due to insufficient working capital to fulfill anticipated large orders from these... Read Story
December 11, 2024, 06:55 AM


A Serial Entrepreneur’s New BusinessIn 2019, Flatbay's client decided to invest in a new venture, placing their headquarters in Austin. The commercial building is used to support several businesses in beverage hardware, lighting and commercial... Read Story
December 10, 2024, 07:02 AM


Shepherd Ave Capital Acquisition Corporation closed its initial public offering of 8,625,000 units at a price of $10.00 per unit, for aggregate gross proceeds of $86,250,000. The offering size reflects the full exercise of the underwriter’s... Read Story
December 10, 2024, 07:00 AM


Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, announced the closing of a $55 million senior secured term loan facility with AirBoss of America, the second largest rubber solutions and custom... Read Story
December 10, 2024, 07:00 AM


Synovus has launched its newest initiative, Accelerate Trade, a portal for international business clients to manage global trade finance products more efficiently and transparently.Accelerate Trade will streamline and automate processes, enabling... Read Story
December 10, 2024, 06:40 AM


Pilot Wave Holdings ("Pilot Wave"), a leading technology-focused acquisition and growth firm, closed on an increase of its existing $6MM credit facility with Aequum Capital to $15MM. The upsize allows Pilot Wave to increase borrowing capacity across... Read Story
December 09, 2024, 07:10 AM


Eldridge Industries is launching Eldridge, an asset management and insurance holding company with approximately $74 billion in assets under management. And Eldridge will be wholly owned by Eldridge Industries and consist of two divisions: Eldridge... Read Story
December 09, 2024, 06:00 AM


Harbor Point Equipment Finance ("Harbor Point"), a new equipment finance platform, announced its official launch. Harbor Point specializes in providing capital to the equipment finance industry across a variety of asset types.Harbor Point is focused... Read Story
December 06, 2024, 07:15 AM


The London-based Banking Tech Awards announced QuickFi as the winner of the Best Embedded Lending Platform at the annual awards ceremony at the Royal Lancaster Hotel.Among finalists such as Morgan Stanley, JP Morgan Chase, Wells Fargo, Bank of... Read Story
December 05, 2024, 06:38 AM


BlackRock and HPS Investment Partners, a leading global credit investment manager with approximately $148 billion in client assets, have entered into a definitive agreement for BlackRock to acquire HPS for approximately $12 billion, with 100% of... Read Story
December 03, 2024, 07:03 AM


Starling Bank announced the appointment of Adeel Hyder to its Executive Committee as Managing Director of SME Banking.Adeel joins Starling from TSB, where he most recently served as Business Banking Director, playing a pivotal role in shaping and... Read Story
December 02, 2024, 07:00 AM


Amerisource Business Capital is pleased to announce the successful closing and funding of a $3,000,000 term loan and revolving credit facility for a utility consulting firm located in Texas. Allison Billings, Market Manager at Amerisource, said, “We... Read Story
December 02, 2024, 06:55 AM


A recent report from The Business Research Company shows the farm equipment rental market size has grown strongly in recent years. It will grow from $55.12 billion in 2023 to $58.63 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%.The... Read Story
December 02, 2024, 06:45 AM


Truist Financial announced a new initiative, Truist Cares for Western North Carolina, a three-year, $725 million commitment to support critical small business, housing and infrastructure efforts in Western North Carolina as communities impacted by... Read Story
November 27, 2024, 06:47 AM


The Volume Index increased 7.4 points in October to 56.9, seasonally adjusted (SA), from 49.5 in September. The rebound in volumes m/m may be tied to recent port and hurricane disruptions, but broadly speaking, freight demand trends are gradually... Read Story
November 27, 2024, 06:47 AM


SouthStar Capital announced the provision of a $4 million Accounts Receivable facility to a second-generation, family-run manufacturing company that serves industries such as aggregate, sawmill and asphalt. Since the 1980s, the company has built a... Read Story
November 27, 2024, 06:46 AM


Gateway Trade Funding, a PO and Stretch Financing company, announced it completed the following stretch finance transactions: A $300,000 facility to a US oil and gas equipment company selling to US corporations. A $750,000 facility to a US... Read Story
November 27, 2024, 06:45 AM


Capstone Partners released its 2024 Middle Market Business Owners Survey Report, with insights from privately-owned companies across the U.S. This report combines Capstone's in-depth middle market knowledge with proprietary data obtained from 404... Read Story
November 26, 2024, 07:05 AM


October net trailer orders, at 16,900 units, were up 40% from September, but 52% below the level accepted in October 2023, according to this month’s issue of ACT Research’s State of the Industry: U.S. Trailers report.“Cancellations moved lower in... Read Story
November 26, 2024, 07:00 AM


Old National Bancorp and Bremer Financial (“BFC”) announced that they entered into a definitive merger agreement. Founded in 1943, BFC is the bank holding company for Bremer Bank.As of Sept. 30, 2024, Bremer had $16.2 billion in total assets, $11.5... Read Story
November 26, 2024, 06:53 AM


The truckload market is fairly balanced as 2024 nears an end, but it is changing, according to the latest release of the Freight Forecast: Rate and Volume OUTLOOK report from ACT.“Currently, with a significant capacity contraction by for-hire fleets... Read Story
November 25, 2024, 07:00 AM


Women We Admire announced The Rising Star Women Leaders of Banking for 2024. The banking sector, an ever-evolving industry with significant influence on the global economy, relies on adaptable, strategic leaders to navigate its complexities. As the... Read Story
November 25, 2024, 06:48 AM


EverBank announced an expansion of its commercial banking portfolio with the launch of its Public Finance division. Industry expert Trevor Mael, a proven leader in the public finance space, has been appointed as director to lead the division.The... Read Story
November 22, 2024, 07:10 AM


Capteris announced the closing of a $60 million capital lease facility for a private equity owned, specialty transportation and logistics company.The sponsor, along with the company’s executive team, identified multiple tuck-in acquisition targets... Read Story
November 22, 2024, 07:05 AM


Beacon Funding announced it has been certified by Great Place To Work for the fourth year. This prestigious award is based entirely on the feedback from Beacon Funding's employees about their experiences working at the company. This year, 92% of... Read Story
November 22, 2024, 07:00 AM


PPL Group has engineered the sale of a Texas-based structural steel fabrication facility and equipment to a regional operator who will rehire employees and restart the business. The company was in bankruptcy and had ceased operations earlier this... Read Story
November 22, 2024, 06:52 AM


Final North American Class 8 net orders totaled 30,600 units in October, with ongoing strength in the vocational market, as published in ACT Research’s latest State of the Industry: NA Classes 5-8 report.“Vocational truck orders totaled 9.5k units... Read Story
November 22, 2024, 06:51 AM


Q2 Holdings announced that First Pacific Bank has chosen Q2’s industry-leading digital banking platform to expand its capabilities and strengthen its competitive edge in the commercial banking market.Founded in 2006 as Friendly Hills Bank and... Read Story
November 22, 2024, 06:50 AM


Mitsubishi HC Capital America announced several key enhancements and improvements to Propel, its proprietary, best-in-class digital transaction and portfolio management system.Propel is designed specifically for the company’s vendors, brokers and... Read Story
November 21, 2024, 07:13 AM


PEAC Solutions received the 2024 Sustainability Initiative of the Year Award from Leasing Life, a European leasing industry journal, during the 21st Leasing Life Conference & Awards event in Milan, Italy. The annual event highlights the many... Read Story
November 21, 2024, 07:11 AM


First Citizens Bank announced that its Healthcare Finance division has closed a $125 million senior credit facility for New Day Healthcare, a market-leading provider of home-based services.The funding will refinance New Day’s existing debt... Read Story
November 21, 2024, 06:45 AM


Trucking activity in the United States rose modestly in October, according to the American Trucking Associations' advanced seasonally adjusted For-Hire Truck Tonnage Index, the third increase since July."The slow, and choppy, climb off of the bottom... Read Story
November 20, 2024, 06:55 AM


SS&C Technologies Holdings announced findings from a new survey: financial services companies are increasingly leveraging artificial intelligence (AI) to drive operational value. Conducted at the 2024 SS&C Deliver conference, the survey of 213... Read Story
November 20, 2024, 06:52 AM


Linedata announced the launch of its structured finance offering. Integrated with Linedata Ekip360, it simplifies the management of complex structured finance structures for investment banks and credit institutions. The entire value chain is covered... Read Story
November 20, 2024, 06:45 AM


Solifi has received an accolade for ESG Portfolio Strategist in the Digital Innovation of the Year (ESG) category at Leasing Life Awards 2024. Taking place in Milan, Italy on Nov. 14, the awards celebrate innovation and talent in the industry.“We are... Read Story
November 19, 2024, 07:02 AM


Vizient announced the launch of Capital Spend Insights, an online tool to help providers optimize their capital spend. The new platform, which simplifies capital equipment procurement, is the latest addition to Vizient’s suite of capital equipment... Read Story
November 19, 2024, 07:00 AM


FTR reported that October looked like September for some key indicators for the industrial and consumer sectors. Industrial production declined, although some of the weakness was due to factors unrelated to the economy. Retail sales continued to rise... Read Story
November 19, 2024, 06:45 AM


DLL received two awards at the 21st Leasing Life Conference and Awards event organized by the Arena International Events Group in Milan, Italy, on Nov. 14. The Leasing Life awards were granted for Vendor Finance Provider of the Year and Energy... Read Story
November 18, 2024, 07:05 AM


October preliminary Class 8 same dealer used truck retail sales volumes increased 29% month over month, according to the latest preliminary release of the State of the Industry: U.S. Classes 3-8 Used Trucks published by ACT Research.“Following the... Read Story
November 18, 2024, 07:01 AM


Preliminary net trailer orders rose roughly 4,800 units from September to October, but at 16,900 units, were lower compared to last October, down 52% year over year, according to a new report from ACT Research. Seasonal adjustment (SA) at this point... Read Story
November 18, 2024, 06:50 AM


With the election now behind us, many business owners are planning for 2025. A recent KeyBank Small Business Flash Poll found 61% of respondents indicated they were likely to seek clarity and hold off on major business decisions until after the... Read Story
November 15, 2024, 07:15 AM


The American Society of Appraisers (ASA) announced the launch of the Certified Equipment Management Professional (CEMP) Program, the first certification specifically designed to meet the unique needs of equipment managers, asset managers and other... Read Story
November 15, 2024, 07:10 AM


NationaLease, one of the largest full-service truck leasing organizations in North America, recently held its 2024 Canadian Leadership Summit in Montreal, Quebec. The exclusive event, dedicated to NationaLease Canadian members and suppliers, offered... Read Story
November 15, 2024, 06:48 AM


Corporate Fleet Leasing has implemented Northteq's Aurora Loan Origination System (LOS). This transition from Excel based systems has significantly improved its leasing processes, enabling faster deal processing through one-time data entry. By... Read Story
November 14, 2024, 07:17 AM


LEASING101, a leading provider of leasing consulting and education, announced the launch of a new training program designed to elevate the leasing knowledge of entire teams. The program, developed by Bill Bosco, CEO of LEASING101, offers... Read Story
November 14, 2024, 07:16 AM


The latest study released on the Global Construction Equipment Market by USD Analytics forecasts the market to double in size during the next decade.The construction equipment market is driven by infrastructure development, rapid urbanization and... Read Story
November 14, 2024, 07:16 AM


Rosenthal & Rosenthal announced the completion of an asset-based lending transaction and a factoring transaction totaling $5 million. A well-established handbag and accessories business that had historically been focused in the wholesale channel... Read Story
November 14, 2024, 07:15 AM


October preliminary North America Class 8 net orders were 30,600 units, down 5.2% year over year. Complete industry data for October, including final order numbers, will be published by ACT Research in mid-November.“After a strong start to the... Read Story
November 14, 2024, 07:10 AM


Equify Financial announced the launch of its new division offering receivables lending and ABL capital solutions that will serve a variety of industry sectors. The new division is officially named Equify Business Funding. The expansion demonstrates... Read Story
November 14, 2024, 07:06 AM


TAB Bank announced it has provided a $5 million credit facility to CoreCentric Solutions, a provider of recovery, repair and return-to-market services for appliances, appliance parts and consumer goods. This financing will support CoreCentric... Read Story
November 14, 2024, 07:05 AM


Janus Henderson announced the launch of the Janus Henderson Income ETF. The new ETF seeks high current income with a secondary focus on capital appreciation. The Fund pursues its investment objective by primarily investing across fixed income sectors... Read Story
November 14, 2024, 06:47 AM


MC2 Finance announced its new partnership with FlexPath® DXP, a pioneer in digital identity verification and credit prequalification technologies. Through this partnership, MC2 will utilize FlexPath’s patent-pending VeriQual™ solution to streamline... Read Story
November 13, 2024, 07:05 AM


New research from S&S Insider found that the global Medical Equipment Financing Market is projected to expand significantly from a value of $148 billion in 2023 to $340.5 billion by 2032, growing at a robust CAGR of 9.7% between 2024 and 2032.The... Read Story
November 13, 2024, 06:58 AM


Rosenthal & Rosenthal announced the completion of three recourse factoring transactions totaling $6.5 million. A leading supplier of dairy products both domestically and internationally was in need of a working capital lender after the company... Read Story
November 13, 2024, 06:50 AM


Post Road Equipment Finance announced the successful completion of two landmark transactions in the specialty chemicals sector, reinforcing its role as a trusted financing partner for leading companies in the industry.In the first transaction, Post... Read Story
November 12, 2024, 07:15 AM


FTR Transportation Intelligence released its Weekly Transportation Update and at the top of the list is the Trump presidency, which is expected to disrupt a number of policies affecting transportation. The Federal Reserve cut interest rates by 0.25%... Read Story
November 12, 2024, 07:12 AM


DLL introduced its new and improved Equipment Showroom. The platform showcases used equipment from across the globe and gives customers a seamless buying experience, with options to buy and bid on pre-owned, end of lease equipment assets. The... Read Story
November 12, 2024, 07:10 AM


PNC Bank announced it is increasing its branch investment by $500 million to open more than 100 additional new branches and renovate 200 more existing locations across the country. These plans expand upon the 100 new locations and 1,200 branch... Read Story
November 12, 2024, 06:45 AM


Dext Capital, a leading essential-use healthcare and technology equipment lessor, announced the upsize of its investment-grade corporate note. The proceeds will be used to fund new originations and growth initiatives.Brean Capital, LLC served as the... Read Story
November 11, 2024, 07:10 AM


IBC Bank announced a strategic partnership with Finanta, a pioneer in financial technology solutions, aimed at revolutionizing its commercial loan originations, collateral management, portfolio management and all lines of business in commercial... Read Story
November 11, 2024, 07:05 AM


Wingspire Capital provided a $25 million revolver to Aftermarket Performance Group (“APG”), a leading vertically integrated wholesale distributor, e-tailer and manufacturer for performance aftermarket parts and accessories for enthusiasts in the... Read Story
November 11, 2024, 07:03 AM


The modern transportation industry is a critical pillar of the nation’s economy, with an even deeper impact on communities and families. For the eighth consecutive year, Fleet Advantage sponsored the Kids Essay Contest at the 2024 International... Read Story
November 11, 2024, 07:00 AM


PPL Group announced it executed a successful two-day auction, selling over 1,000 lots of equipment and inventory, including fabrication, welding and laser cutting machinery, as well as more than $1.5MM of kitchen appliances including refrigerators... Read Story
November 11, 2024, 06:50 AM


North Mill Equipment Finance announced the acquisition of 100% of the stock of TF Group (“Taycor Financial”), a technology-driven finance provider in El Segundo, Calif. Taycor Financial will continue to operate as an independent division of NMEF... Read Story
November 08, 2024, 07:15 AM


Garnet Capital Advisors announced the sale of a $54 million C&I loan portfolio on behalf of one of the 25 largest commercial U.S. financial holding companies.The portfolio was comprised of approximately 200 relationships with mixed payment... Read Story
November 08, 2024, 07:00 AM


Horizon Technology Finance, an affiliate of Monroe Capital, and a specialty finance company that provides capital in the form of secured loans to venture capital-backed companies in the technology, life science, healthcare information and services... Read Story
November 08, 2024, 06:45 AM


KLC Financial announced that Amy Lewis, Vice President of Operations, has been awarded a Top Women in Finance Award from Finance & Commerce. With over 25 years of experience in the equipment finance and leasing industries, Lewis has made a... Read Story
November 07, 2024, 07:10 AM


Peapack-Gladstone Financial, the holding company for Peapack-Gladstone Bank, a $6.8 billion commercial bank headquartered in Bedminster, N.J., announced an expected rebrand on or about Jan. 1, 2025. The bank and its wealth management division, having... Read Story
November 07, 2024, 06:45 AM


eCapital announced the successful upsizing of its subsidiaries’ asset-based lending (ABL) facility, which expanded from $815 million to $987 million. This upsizes, agented by Wells Fargo and backed by a syndicate of premier banks, aligns with... Read Story
November 07, 2024, 06:00 AM


LTi Technology Solutions announced that Battle Horse Financial has chosen the ASPIRE Express platform to support its expanding portfolio, improve operational efficiency and ensure compliance with regulatory standards. Rapid business growth prompted... Read Story
November 06, 2024, 07:10 AM


FTR reported that preliminary North American Class 8 net orders in October totaled 28,300 units, marking a 14% month-over-month (m/m) decline but a 2% year-over-year (y/y) increase. This figure falls somewhat short of seasonal expectations as the... Read Story
November 06, 2024, 07:01 AM


Sudhir Amembal, an affiliate of Rinaldi Advisory Services, announced that his next one-day virtual Winning with Leasing seminar will be held on Feb. 6, 2025. Five previously scheduled seminars, held between May and October, attracted over 200... Read Story
November 06, 2024, 06:50 AM


Dedicated Financial GBC announced its 10th Anniversary Celebration Gala, scheduled for Jan. 10th, 2025, at the JW Marriott—Mall of America. The event promises an unforgettable evening of entertainment, reflection on a decade of achievements and a... Read Story
November 06, 2024, 06:47 AM


An outdoor apparel manufacturer approached Republic Business Credit for an asset-based loan when its existing senior lender could no longer support the company’s accelerated growth. Republic was able to provide a $15 million asset-based loan and... Read Story
November 06, 2024, 06:45 AM


October preliminary North America Class 8 net orders were 30,600 units, down 5.2% year over year. Complete industry data for October, including final order numbers, will be published by ACT Research in mid-November. “After a strong start to the... Read Story
November 05, 2024, 06:58 AM


Willis Lease Finance reported that on Oct. 31, 2024, the Company entered into a new, $1 billion, five-year, revolving credit facility (the “Credit Agreement”) among WLFC, certain wholly-owned subsidiaries of WLFC, as guarantors, the lenders party... Read Story
November 05, 2024, 06:52 AM


CapitalPlus Financial Services, a provider of construction-focused financial solutions, has extended a $1 million factoring facility to a Florida-based underground utility contractor, empowering the business to take on new projects without waiting... Read Story
November 05, 2024, 06:45 AM


North Mill Equipment Finance, an independent commercial equipment lessor headquartered in Norwalk, Conn., announced a new company record in monthly funded volume, surpassing $73 million in October, exceeding the previous high by more than $15 million... Read Story
November 04, 2024, 07:15 AM


grenke AG, a global financing partner for small and medium-sized enterprises, has opened its second location in the U.S. From the new location in Chicago, the company will serve the entire Central, North and South East region. grenke has already been... Read Story
November 04, 2024, 07:12 AM


Ameris Bank has promoted Brian Parks to the newly created role of head of Wholesale Banking, reporting to Ameris Bank President Lawton Bassett. Parks will be based in Atlanta and oversee Treasury Management, Industry Specialty Banking, Commercial... Read Story
November 04, 2024, 06:45 AM


FTR’s Shippers Conditions Index rose in August to 2.9 from the 0.5 reading in July due to falling fuel costs and weaker freight rates. Factors that tend to have a more indirect impact on shippers – freight volume and capacity utilization – were... Read Story
November 04, 2024, 06:00 AM


Silicon Valley Bank (SVB), a division of First Citizens Bank, has provided a $50 million growth capital facility to Bugcrowd, a provider of crowdsourced cybersecurity solutions. Bugcrowd brings the collective ingenuity of organizations and hackers to... Read Story
November 04, 2024, 05:47 AM


Acquis, an insurance provider to the asset finance industry, has entered an agreement with Allianz Global Risks US Insurance Company (doing business under the trade name Allianz Commercial) to distribute and underwrite insurance coverage. Allianz and... Read Story
November 01, 2024, 07:15 AM


Three attorneys from Cohn & Dussi were named to the 2024 Super Lawyers List: Lewis J. Cohn, Michael H. Theodore and Shawn M. Masterson. One attorney was named to the 2024 Rising Stars List: Andrew B. Glaab. Only 5 percent of lawyers are named to the... Read Story
November 01, 2024, 07:05 AM


TD Bank announced that it ranked No. 1 for the eighth consecutive year in total number of approved U.S. Small Business Administration (SBA) loans in its Maine-to-Florida footprint for the Small Business Administration's 2024 fiscal year. TD was also... Read Story
November 01, 2024, 07:00 AM


Assurant, a global business services company that supports, protects and connects major consumer purchases like automobiles, as well as commercial equipment (including heavy trucks and construction, agriculture equipment, forestry and office... Read Story
November 01, 2024, 06:45 AM


Truck freight shipments and spending continued to contract in the third quarter, albeit at a slower pace than earlier this year, according to the latest U.S. Bank Freight Payment Index. Shipments were down 1.9% compared to the previous quarter while... Read Story
November 01, 2024, 06:36 AM


Merchants Financial Group announced third quarter earnings of $14.26 million. Net income fell in the third quarter to $3.92 million from $5.84 million in 2023’s third quarter and was lower than company expectations. An additional provision to... Read Story
November 01, 2024, 06:23 AM


Sudhir Amembal, CEO of Amembal & Halladay and an affiliate of Rinaldi Advisory Services, instructed his flagship virtual seminar, Winning With Leasing!, exclusively for members of the American Association of Commercial Finance Brokers (AACFB). The... Read Story
October 31, 2024, 07:00 AM


eCapital closed a $100 million increase to its existing secured junior capital facility with Ares Management Credit funds, bringing the total facility size to more than $330 million. This latest increase supports eCapital’s continued growth and... Read Story
October 31, 2024, 06:45 AM


The latest release of ACT’s For-Hire Trucking Index suggests growth is making its way into the for-hire market. The Volume Index decreased 5.0 points in September to 49.5, seasonally adjusted, from 54.5 in August. Carter Vieth, Research Associate... Read Story
October 31, 2024, 06:40 AM


Laurentian Bank announced its LBC Capital and Northpoint Commercial Finance subsidiaries are uniting under one brand, Northpoint Commercial Finance, as of November 1, 2024. The merging of these two brands is a natural and anticipated evolution of... Read Story
October 30, 2024, 07:11 AM


Solifi, a global fintech software partner for secured finance, announced that Allied Credit Group, an Australian-based automotive and equipment finance organization, will implement the company’s Open Finance Platform SaaS solutions in support of its... Read Story
October 30, 2024, 07:10 AM


Two leaders central to forging The Alta Group’s reputation as a trusted global advisory dedicated to equipment finance were recognized as industry standard-bearers during the Equipment Leasing & Finance Association’s 63rd Annual Convention this... Read Story
October 30, 2024, 07:00 AM


MMP Capital closed a $20 million investment-grade corporate note issuance. Proceeds from the BBB-rated transaction will support continued growth, primarily by funding new originations.MMP predominately originates equipment-backed loans in the medical... Read Story
October 30, 2024, 06:55 AM


Equify Financial announced the closing of its second asset-backed securitization, issuing $153,369,000 in securities. This transaction of senior Class A notes earned a AAA rating from DBRS Morningstar, the highest credit rating available. The... Read Story
October 29, 2024, 07:07 AM


Ivory Consulting announced the immediate release of SuperTRUMP 24.1.  SuperTRUMP 24.1 delivers multiple enhancements and improvements across all platforms—Salesforce, Web, and Desktop—underscoring Ivory Consulting’s ongoing commitment to enhancing... Read Story
October 29, 2024, 07:03 AM


PrivateCap announced its launch to unlock new sources of capital for the equipment finance industry by connecting institutional investors to originators in the small and mid-market leases and business lease and loan market. PrivateCap’s founders... Read Story
October 28, 2024, 07:18 AM


Dext Capital launched Dext Wheels, which will focus on the Specialty and Vocational Vehicle market. This strategic expansion marks another milestone as Dext continues to grow into new markets.Heading the Dext Wheels Channel is seasoned sales... Read Story
October 28, 2024, 07:10 AM


Following its recent acquisition of Accord Financial Group, Osgood Funding (Osgood) has streamlined operations, improved efficiency, and strengthened partner alignment in part by implementing Northteq’s Aurora Loan Origination System (LOS). This next... Read Story
October 28, 2024, 07:08 AM


Linedata announced the U.S. launch of Linedata Ekip360, a complete, end-to-end asset finance platform. Currently in use by global equipment and auto manufacturers and banks in over 20 countries worldwide including Mexico and Canada, Linedata Ekip360... Read Story
October 28, 2024, 07:06 AM


Wolters Kluwer announced new third quarter analysis from its Equipment Lease Finance Digital Transformation Index, a key resource that tracks the rate at which equipment lessors and service providers are seeing growth in the evolution from... Read Story
October 28, 2024, 07:00 AM


Kapitus, a leading provider of financing for small and medium sized businesses, announced the acquisition of Ten Oaks Commercial Capital, a finance company specializing in equipment finance and working capital loans.With this acquisition, Kapitus is... Read Story
October 25, 2024, 07:15 AM


SBS (ex-Sopra Banking Software) announced that SFP Digital Audit, its advanced solution for digitizing asset audit and related risk management, is now available on the AWS Marketplace. This strategic move enables lenders and financial institutions to... Read Story
October 25, 2024, 06:14 AM


The National Association of Commercial Finance Brokers (NACFB) has appointed Sarah Cunningham as the trade body’s new head of compliance. Cunningham joins the Association at a pivotal time, bringing with her over two decades of experience across the... Read Story
October 25, 2024, 05:00 AM


EverBank has significantly expanded and strengthened its equipment finance capabilities by launching a new Corporate Asset Finance division. To lead the new business, the bank has appointed industry veteran Maureen Carr as Managing Director.The new... Read Story
October 24, 2024, 07:15 AM


Fintech veteran Dave Gilbert announced the launch of his latest industry milestone, FairSquare, a new holding company comprised of four trusted financial and business services brands including National Funding, QuickBridge, SmallBusinessLoans.com and... Read Story
October 24, 2024, 07:07 AM


The Seismic Group, a leader in value creation by identifying and eliminating operational inefficiencies, announces the launch of Seismic Capital Solutions. The new company will offer a full spectrum of equipment and commercial financing solutions... Read Story
October 23, 2024, 07:15 AM


Blue Owl Capital Corporation announced the five-year anniversary of its investment in Wingspire Capital, a premier asset-backed direct lender that operates two business units, Wingspire Equipment Finance and Wingspire Corporate Finance.Blue Owl... Read Story
October 23, 2024, 07:12 AM


Tamarack Technology introduced CloudComply 1071, a SaaS-based solution designed to ensure financial institutions comply with the impending Section 1071 of the Dodd-Frank Act. “Discussions around compliance with Section 1071 have been swirling around... Read Story
October 23, 2024, 07:05 AM


SouthState Bank is scaling its equipment finance division through an agreement with LTi Technology Solutions and JDR Solutions, which will enhance portfolio management and streamline operations. This strategic collaboration positions SouthState Bank... Read Story
October 23, 2024, 06:59 AM


GreatAmerica Financial Services and B2BToolbox announced a new capability that integrates financing into an e-commerce platform. This collaboration enhances the sales process for office technology providers and offers a fully digital experience for... Read Story
October 23, 2024, 06:50 AM


Alliance Funding Group (AFG) successfully upsized its corporate notes to $50.0 million. This upsize will be used to facilitate growth and for working capital needs. AFG is a market-leading vendor direct specialty finance company that provides... Read Story
October 23, 2024, 06:45 AM


In collaboration with MAI Technology Solutions, Rinaldi Advisory Services® (“RAS”) is introducing Tech Navigator, a comprehensive solution designed to help equipment finance companies build the essential technology infrastructure required for... Read Story
October 22, 2024, 07:05 AM


APPROVE, an embedded finance platform for equipment sellers, has launched the first in a series of product enhancements that harness artificial intelligence to remove roadblocks from the process of financing equipment purchases.APPROVE’s initial AI... Read Story
October 22, 2024, 06:45 AM


Lendscape, a global leader in secured business finance technology,  announced a strategic partnership with Findustrial, specialists in pay-per-use and as-a-service financing models. This collaboration will offer flexible, data-driven financing... Read Story
October 22, 2024, 06:40 AM


Inc. announced its third annual Power Partner Awards. The prestigious list honors B2B organizations across the country that have proven track records supporting entrepreneurs and helping startups grow. This year’s list recognizes eCapital among 359... Read Story
October 22, 2024, 06:08 AM


Dext Capital commenced a $200 million revolving credit facility with Deutsche Bank. The additional bank line increases Dext’s facility capacity to $750 million.“We’re excited to welcome Deutsche Bank as our newest financing partner. We look forward... Read Story
October 21, 2024, 07:00 AM


Commercial Credit Group (CCG) is celebrating the 20th anniversary of the company's founding.Two decades ago, a small group of people had a dream to build an equipment finance company that was different from all the rest. A company that was a genuine... Read Story
October 21, 2024, 06:50 AM


The London-based Banking Tech Awards announced QuickFi as a finalist in two categories for their embedded lending platform. QuickFi is a finalist for Best Digital Solution Provider – LendTech, and Best Embedded Finance System.The Best Digital... Read Story
October 18, 2024, 06:00 AM


LeasePoint Funding Group secured $40 million of incremental funding from Altriarch Asset Management (“Altriarch”). Westlake Securities, an Austin-based Investment Bank, was instrumental in orchestrating the capital raise, leveraging their deep... Read Story
October 17, 2024, 08:12 AM


The Department of Finance, Insurance, Real Estate and Law (FIREL) of the G. Brint Ryan College of Business at the University of North Texas (UNT) has announced a partnership with the Certified Lease & Finance Professional Foundation and the Equipment... Read Story
October 17, 2024, 07:59 AM


Clarus Capital successfully closed its inaugural asset backed securitization (“ABS”), CLARUS 2024-1. The ABS issuance is secured by a portfolio of commercial equipment leases and loans originated by Clarus with an aggregate securitization value of... Read Story
October 16, 2024, 07:15 AM


Maxim Commercial Capital reported robust results for the third quarter of 2024, funding nearly 80% more transactions than during Q3 2023. Despite a slow freight market, hurricane damage in the southeast, and the upcoming election, Maxim experienced a... Read Story
October 15, 2024, 07:09 AM


Fleet Advantage announced that Senior Vice President of National Accounts, Bill Ten Eyck, CTP, has been recognized as a Transportation Marketing & Sales Association (TMSA) Rainmaker, securing a runner-up position in the prestigious Sales Mountain... Read Story
October 15, 2024, 06:28 AM


Global consulting firm J.S. Held, proudly celebrating 50 transformative years, acquired Stapleton Group and announces the creation of the Strategic Advisory practice under the leadership of Michael Jacoby, CTP. The Stapleton Group acquisition further... Read Story
October 14, 2024, 07:00 AM


Dext Capital announced the relocation of its headquarters to 5500 Meadows Road, Suite 300, in Lake Oswego, Oregon. Located in the heart of Lake Oswego’s business district, the new office will provide employees with improved facilities and access to... Read Story
October 14, 2024, 06:52 AM


Fleet Advantage, a leading innovator in specialty financing, fleet data analytics, fleet management services, and life cycle cost management, announced that Chief Marketing Officer Katerina Jones has been named the 2024 Marketing Mountain Mover by... Read Story
October 14, 2024, 06:50 AM


Aon plc, a leading global professional services firm, and the National Center for the Middle Market (NCMM) announced the results of a new study, Driving Growth: The Role of People, Risk, and Technology in Middle Market Success. The survey of... Read Story
October 11, 2024, 05:00 AM


Transport Enterprise Leasing (TEL) is celebrating its 20th anniversary with another year of growth, said Co-Founder and President Jud Alexander. The business launched in September 2004 with a focus on used truck sales. Since then, TEL has expanded... Read Story
October 10, 2024, 06:50 AM


Amerisource Business Capital proudly commemorates four decades of excellence and client-centric service as it celebrates its 40th milestone anniversary.Since its inception in 1984, Amerisource has consistently set the standard for integrity... Read Story
October 10, 2024, 06:00 AM


Solifi, a global fintech software partner for secured finance, announced that it will receive a majority investment from TA Associates ("TA"), a leading global private equity firm. This transaction will accelerate Solifi’s growth by supporting... Read Story
October 09, 2024, 07:10 AM


LTi Technology Solutions (LTi) announced that Ansley Park Capital, led by a forward-thinking group of seasoned equipment finance professionals, has selected LTi’s ASPIRE platform to drive their new operations. This strategic decision aligns with... Read Story
October 09, 2024, 06:53 AM


First National Capital Corporation (FNCC), a provider of commercial equipment and aviation financing, announced a near-record $110 million in fundings for the third quarter of 2024, positioning the company well on track to achieve its ambitious... Read Story
October 09, 2024, 06:50 AM


NETSOL Technologies announced its new unified Transcend Platform – an AI-powered digital retail and asset finance solution for automotive and equipment OEMs, auto captives, commercial lenders, dealers, brokers and financial institutions. The new... Read Story
October 09, 2024, 06:10 AM


Liventus been named one of Crain’s “Best Places to Work” for two consecutive years. This prestigious recognition underscores the company’s unwavering commitment to fostering a positive company culture, offering best-in-class benefits, and delivering... Read Story
October 08, 2024, 06:32 AM


Equipment Finance Cares (EF Cares) held its fourth and final event of 2024 in Minneapolis, MN. Over 70 equipment finance professionals attended, representing 41 different organizations. "Thank you, CHANNEL, for hosting our third event in Minnesota,”... Read Story
October 04, 2024, 06:01 AM


Ansley Park Capital announced a major milestone in its first full quarter of operation. The company successfully funded $200 million across a wide range of industries, bringing its total originations to more than $250 million since its inception. The... Read Story
October 03, 2024, 07:15 AM


ASA proudly announced its 2024 award winners at its International Awards Luncheon, held during the ASA International Valuation Conference in Portland, OR on September 16. These awards recognize individuals and chapters that have made significant... Read Story
October 03, 2024, 07:09 AM


Tiger Finance’s lending platform committed $125 million of capital in the third quarter to support clients’ strategic growth initiatives across various business sectors.  Significant deals in Q3, which ended September 30, included providing capital... Read Story
October 03, 2024, 07:09 AM


Fleet Advantage announced its award of the FreightWaves’ 2025 FreightTech 100 list. This marks Fleet Advantage’s third appearance on the list, having previously been recognized in 2019 and 2021. The annual FreightTech 100 recognizes the most... Read Story
October 03, 2024, 07:00 AM


Rosenthal & Rosenthal completed a deal to acquire the assets of Accord Equipment Finance, the equipment leasing division of Accord Financial Corp., the Toronto-based commercial finance company. As part of the deal, Rosenthal will acquire Accord’s U.S... Read Story
October 02, 2024, 07:15 AM


North Mill Equipment Finance reported a new quarterly record in funded volume for the third quarter of 2024.“Our continued progress in diversifying our asset categories in partnership with our referral partners coupled with our strong capital base... Read Story
October 02, 2024, 07:10 AM


For four decades, CSC Leasing has been providing non-dilutive custom equipment financing for ambitious companies of all sizes and stages across many different industries to help them scale while preserving their equity. The company is continuing to... Read Story
October 02, 2024, 07:00 AM


PEAC Solutions announced the successful closing of its second Asset Backed Securitization (ABS) transaction on September 30th, 2024. PEAC Solutions Receivables 2024-2 LLC (PEAC 2024-2) issued notes totaling $394 million. The notes are backed by... Read Story
October 02, 2024, 06:58 AM


Alfa announced the full release of Alfa Systems 6.Alfa Systems 6 introduces a host of features and innovations designed to bring heightened productivity to providers, opening up new revenue streams, and elevating the customer experience. Announced in... Read Story
October 02, 2024, 06:00 AM


United Leasing & Finance, a subsidiary of United Companies, will serve as the presenting sponsor of the Korn Ferry Tour Championship, continuing a tradition of bringing professional golf to the region and fostering charitable initiatives in southern... Read Story
October 02, 2024, 05:00 AM


Accord Financial successfully sold the portfolio assets of Accord Equipment Finance (“AEF”), the Company’s US equipment leasing division. The acquirer is one of the largest privately held factor and finance companies in the United States, now... Read Story
October 01, 2024, 07:06 AM


XS Financial announced the closing of its agreement to be taken private by Mavik Capital Management, a multi-strategy investment firm with a flexible strategy across hard assets, and Axar Capital Management, a value-oriented alternative asset... Read Story
October 01, 2024, 07:00 AM


MMP Capital announced the renewal of its $125 million secured warehouse facility with Deutsche Bank, a move that positions the Long Island-based company for continued growth as it enters its third year as an on-balance sheet lender. John-Paul... Read Story
September 30, 2024, 07:15 AM


Citigroup and Apollo entered into an exclusive agreement for a subsidiary of Citi and certain affiliates of Apollo to form a landmark $25 billion private credit, direct lending program initially in North America, with the potential to expand to... Read Story
September 30, 2024, 07:10 AM


BlackRock and Santander announced the signing of a memorandum of understanding (MoU) by which funds and accounts managed by BlackRock will invest up to US$1 billion per year in select project finance, energy finance, and infrastructure debt... Read Story
September 30, 2024, 07:05 AM


Great Lakes Asset Solutions (GLAS) announced its transition to an Employee Stock Ownership Plan (ESOP) structure. This strategic change allows the company to become 100% employee-owned, reinforcing our commitment to delivering exceptional service... Read Story
September 27, 2024, 06:37 AM


Merchants Fleet, a leader in innovative fleet solutions, has announced a multi-year strategic partnership with Ridecell, the leading provider of fleet orchestration solutions. Merchants Fleet has selected Ridecell and their Ridecell 360 fleet... Read Story
September 27, 2024, 05:00 AM


Fleet Advantage announced that Chief Marketing Officer Katerina Jones and Fleet Procurement Manager Kirsten Babb, CTP., were recognized as recipients of the Food Logistics and Supply & Demand Chain Executive 2024 Women in Supply Chain Award. The... Read Story
September 26, 2024, 06:40 AM


Syndifi has joined forces with Tamarack Technology to streamline, simplify and enhance syndication for KLC Financial, LLC. The collaboration between the industry forerunners will enable KLC to syndicate more effectively and elevate its operational... Read Story
September 25, 2024, 07:00 AM


Ares Commercial Finance provided a $30 million senior secured revolving line of credit to Shapiro Metals. The Company, based in St. Louis, Missouri, creates customized recycling programs for manufacturing partners across a broad range of industries... Read Story
September 25, 2024, 05:00 AM


Rinaldi Advisory Services® ("RAS") has introduced Capital Navigator, an advisory service specifically designed to review the credit facilities and overall capital structure of independent equipment finance companies and help to map out the journey to... Read Story
September 24, 2024, 07:12 AM


CSI Leasing is relocating its global headquarters from Creve Coeur to a more than 138,000-square-foot facility in Weldon Spring.“We’re pleased to see an industry leader like CSI Leasing investing and creating jobs in Weldon Spring,” said Governor... Read Story
September 23, 2024, 07:15 AM


Plug Power, a global leader in comprehensive hydrogen solutions for the green hydrogen economy, announced the establishment of an equipment leasing platform and is targeting over $150 million in the near to mid-term. This platform is intended to... Read Story
September 20, 2024, 07:20 AM


Global consulting firm J.S. Held, proudly celebrating 50 transformative years, reveals the “Lending Climate in America” survey results from Phoenix Management, a part of J.S. Held. The third quarter survey results highlight concern about the... Read Story
September 20, 2024, 07:17 AM


Northteq announced the latest updates to its Aurora platform, featuring enhanced functionality for both Aurora’s borrower portal and syndication capabilities. In this latest product release, Northteq delivers even more powerful technological tools... Read Story
September 19, 2024, 07:12 AM


KLC Financial announced its successful implementation go-live of Leasepath Enterprise, the world-class origination and servicing platform tailored specifically for the equipment finance industry. This strategic move reflects KLC Financial’s ongoing... Read Story
September 19, 2024, 07:05 AM


Octaura Holdings announced the launch of Market Lists, a new protocol powered by data and analytics that streamlines the collateralized loan obligation (CLO) liquidation process for more efficiency throughout the trading lifecycle. Market Lists... Read Story
September 19, 2024, 07:02 AM


The Equipment Finance Cares Minnesota event, hosted by Channel, will be held on Wednesday, September 25th, from 1:30 pm -7 pm at Channel’s office in Wayzata, MN. “Equipment Finance Cares is excited to return to Minnesota,” said Jesse Johnson, Founder... Read Story
September 19, 2024, 07:00 AM


QuickFi was recognized as the Best PaaS (Platform as a Service) Provider of the Year at the 2024 Global BankTech Awards. QuickFi makes business equipment financing fast and efficient for global OEMs, banks, and small business borrowers on its... Read Story
September 19, 2024, 06:54 AM


CHG-MERIDIAN has been awarded the prestigious EcoVadis gold rating, putting it in the top 5 percent of the more than 130,000 companies assessed worldwide. This achievement highlights the significant step forward that the Group has taken with regard... Read Story
September 19, 2024, 05:00 AM


Sudhir Amembal's fourth Winning With Leasing virtual seminar, held on September 17, was attended by 48 equipment finance professionals. All industry segments (banks, independents, captives and service providers) were represented. Attendees ranged in... Read Story
September 18, 2024, 06:00 AM


Alfa announced the release of Collaborative Ecosystem, the sixth of six pillars in Alfa Systems 6, a breakthrough iteration of its SaaS platform.Collaborative Ecosystem in Alfa Systems 6 allows customers to tap into Alfa’s expertise and best... Read Story
September 18, 2024, 05:00 AM


Three Keys Capital Advisors announced a new agreement with Mitsubishi HC Capital America to source and advise on commercial finance transactions, as well as those in sustainable development and capital raising. Together, Three Keys and Mitsubishi HC... Read Story
September 17, 2024, 07:12 AM


Volkswagen Financial Services (VWFS), the captive financial services arm of Volkswagen Group of America, and Wells Fargo announced a multi-year co-branded agreement under which Wells Fargo will be the preferred purchase financing provider for the... Read Story
September 17, 2024, 07:10 AM


B. Riley Financial announced proposed strategic and financing initiatives intended to enhance shareholder value by accelerating debt repayment.The Company reported it has: Entered into a non-binding commitment for a debt financing of the B. Riley... Read Story
September 13, 2024, 07:08 AM


Fortune magazine and Great Place to Work have selected First American Equipment Finance as one of the 2024 Best Workplaces in Financial Services & Insurance (under 1,000 FTE). This is First American’s eighth time being named to this nationwide list... Read Story
September 12, 2024, 06:31 AM


Versana announced the closing of a $26 million capital raise with the addition of Barclays as an investor in its centralized, real-time digital data platform. Existing investors Bank of America, Citi, Deutsche Bank, J.P. Morgan, Morgan Stanley and... Read Story
September 12, 2024, 06:00 AM


QCR Holdings announced the decision to discontinue offering new loans and leases through its equipment finance business, m2 Equipment Finance, LLC (“m2”), located in Waukesha, WI. m2 was acquired by the Company in 2005 and has provided equipment... Read Story
September 11, 2024, 07:20 AM


Leasepath, a leading software provider of commercial equipment finance platform technology, announced that Oakmont Capital Services (OCS), a JA Mitsui Leasing Group, has successfully gone live with Leasepath Enterprise. This marks a significant... Read Story
September 11, 2024, 07:10 AM


QuickFi won Best Embedded Finance Solution at the 2024 Finovate Awards. QuickFi makes business equipment financing fast and efficient for global OEMs, banks, and small business borrowers.Other winners included J.P. Morgan, Mastercard, Socure, Brex... Read Story
September 11, 2024, 06:00 AM


Onset Financial’s Red Rock Division—located in St. George, UT—was awarded the 2024 Engineering News-Record (ENR) Intermountain Best Projects Award for Office/Retail/Mixed Use. Judged by criteria such as innovation, design, craft quality, and... Read Story
September 11, 2024, 05:00 AM


Solifi, a global fintech software partner for secured finance firms, was listed among the top fourteen Fast Track FinTech winners, as well as an IDC Fintech Top 100 company. The 21st annual vendor ranking recognizes the world’s leading hardware... Read Story
September 10, 2024, 07:15 AM


Liventus announced the acquisition of Sparkflow Data Analytics, a company specializing in data analytics and business intelligence solutions.Led by Steve Walker, Sparkflow has developed a strong reputation for delivering high-quality data analytics... Read Story
September 06, 2024, 07:10 AM


Commercial Credit, Inc., the parent company of Commercial Credit Group Inc., Commercial Funding Inc., and Keystone Equipment Finance Corp., has once again been named to the Business North Carolina Mid-Market Fast 40 List. This is the twelfth time... Read Story
September 06, 2024, 06:20 AM


Leasepath, a leading provider of intelligent workplace, cloud- based software solutions for the equipment & asset finance industry, announced a new shared project with Great American Insurance Group’s (GAIG) Specialty Equipment Division. This... Read Story
September 05, 2024, 07:15 AM


Apollo announced that balance sheet and other investor capital managed under its Aligned Alternatives platform have agreed to acquire Netherlands-based equipment leasing specialist Beequip from NIBC.Founded in 2015, Beequip has grown to become a... Read Story
September 05, 2024, 07:10 AM


The Equipment Leasing and Finance Association issued a statement regarding the passing of long-time member and industry leader Richard Doherty, who passed away on August 28.Doherty enjoyed a successful 43-year career in the equipment finance industry... Read Story
September 04, 2024, 07:10 AM


North Mill Equipment Finance (“NMEF”) announced the closing of its eighth asset backed securitization (ABS), NMEF Funding 2024-A (“NMEF 2024-A”). The $404 million transaction is NMEF’s first ABS transaction this year, bringing the total ABS proceeds... Read Story
September 04, 2024, 07:05 AM


Wingspire Equipment Finance announced the successful completion of its inaugural asset-backed securitization (ABS), WEF 2024-1. The transaction raised $201 million and was the first inaugural large-ticket equipment ABS to receive ratings from a major... Read Story
September 04, 2024, 07:02 AM


Businesses can now use Artificial Intelligence/Machine Learning (AI/ML) to better predict the likelihood that their customers will renew their contracts. According to Odessa, the new approach proved to be accurate 85% of the time — enabling Odessa... Read Story
September 04, 2024, 06:59 AM


PEOPLE magazine and Great Place to Work have honored First American Equipment Finance as one of the 2024 PEOPLE® Companies that Care. This is First American’s third time being named to this nationwide list, this year coming in at #74. The PEOPLE®... Read Story
September 04, 2024, 06:00 AM


White & Case advised Groupe BPCE on the acquisition of the activities of Société Générale Equipment Finance (SGEF), one of the leading European providers of industrial equipment lease financing.Following the transaction, Groupe BPCE will become the... Read Story
September 03, 2024, 08:00 AM


Wingspire Equipment Finance proudly announced a significant company milestone, surpassing $2 billion in funded transactions. This landmark accomplishment underscores the company's rapid growth and dedication to providing exceptional financial... Read Story
August 29, 2024, 07:15 AM


LTi Technology Solutions (LTi) announced that Americorp, a trusted partner since 1988, has strategically selected LTi’s ASPIRE platform to advance their equipment finance operations. This decision marks a significant milestone in a partnership that... Read Story
August 28, 2024, 07:10 AM


GreatAmerica Financial Services announced that its Employee Advised Fund fall application period opens after the Labor Day weekend to nonprofits in the Eastern Iowa area. Applications will be accepted September 3 through September 30, 2024, 4:30 PM... Read Story
August 28, 2024, 07:05 AM


According to a Reuters report dated August 19, 2024 authored by Manya Saini and Niket Nishant, regional lenders are cutting more deals to shore up their balance sheets and compete with rivals, extending a wave of consolidation in the sector that may... Read Story
August 23, 2024, 07:12 AM


Airborne Capital Limited, a global aircraft asset manager, announced the closing of a US$20.0 million investment-grade rated corporate note financing offered through its U.S. subsidiary Airborne Capital USA LLC. Proceeds from the transaction will be... Read Story
August 23, 2024, 07:00 AM


Solifi, a global fintech software partner for secured finance, announced it has partnered with LimePoint, a technology specialist in real-time data processing and data streaming consumers, to broaden accessibility to Solifi’s data streaming... Read Story
August 21, 2024, 07:22 AM


Sudhir Amembal, CEO of Amembal & Halladay and an affiliate of Rinaldi Advisory Services, announced the availability of training scholarships for emerging professionals in the equipment finance industry. This year, five scholarships will be awarded to... Read Story
August 21, 2024, 07:05 AM


Morritt Hock & Hamroff announced the launch of its newly redesigned website at www.moritthock.com. The site boasts a clean, modern appearance with advanced technology and improved navigation that provides the firm's existing and prospective clients... Read Story
August 20, 2024, 07:15 AM


Leasepath, the provider of the cloud-first equipment finance lifecycle platform powered by Microsoft Dynamics 365 and the Power Platform, announced its latest quarterly release. This update highlights Leasepath's dedication to innovation, delivering... Read Story
August 16, 2024, 07:18 AM


Odessa, a provider of technology solutions for asset finance, announced it has been named to the prestigious Inc. 5000 list for the fifth consecutive year. The list honors the 5,000 private companies in America with the most robust year-over-year... Read Story
August 16, 2024, 07:15 AM


Wolters Kluwer Compliance Solutions findings from second quarter analysis of its Equipment Lease Finance Digital Transformation Index show a significant increase in digital adoption rates in financing compared to previous quarters. The Index tracks... Read Story
August 15, 2024, 07:15 AM


Channel is pleased with its inclusion on the Inc. 5000 annual list of the fastest-growing private companies in America for a 12th consecutive year. Since the list’s inception in 1982, nearly 45,000 companies have been featured, but only 90 have... Read Story
August 14, 2024, 07:15 AM


Sudhir Amembal, CEO of Amembal & Halladay and an affiliate of Rinaldi Advisory Services, announced the release of his second seminar, "The 35 Extraordinary Benefits of the FMV Lease." Unlike his first seminar, "Winning With Leasing!", which is... Read Story
August 14, 2024, 07:10 AM


First Financial Bank has been recognized for the second year in a row as the Independent Community Bankers Association (ICBA) Top Lender of 2024 in Agriculture: More than $1 billion in assets category. This prestigious recognition is given annually... Read Story
August 13, 2024, 07:05 AM


Jackpot Digital Inc., a manufacturer of electronic multiplayer dealerless poker tables, has signed a software license and equipment lease agreement to install two of the Company's Jackpot Blitz dealerless poker machines at Seneca Gaming &... Read Story
August 09, 2024, 07:05 AM


First Citizens Bank announced CIT Northbridge Credit, as advised by First Citizens Institutional Asset Management LLC, provided a $45 million revolving credit facility to creative materials distributor, MacPherson's.MacPherson's is the largest... Read Story
August 08, 2024, 07:20 AM


Big Shoulders Capital provided $2.1 million in funding to Allingham Corporation, a crane and air compressor rental firm in Detroit. By providing a flexible structure for refinancing its fleet, BSC will enable Allingham to invest in its current fleet... Read Story
August 07, 2024, 07:05 AM


United Leasing & Finance’s Executive Chairman Ron Romain and CEO Amy Romain Barron have been named to Indianapolis Business Journal’s 2024 list of the 250 most influential business leaders in Indiana. This is the third consecutive year they have been... Read Story
August 07, 2024, 07:00 AM


Trinity Capital Inc., a provider of diversified financial solutions to growth-stage companies, announced it has amended its credit facility led by KeyBank N.A. (KeyBank). The amendment expands the original credit facility from $350 million to $440... Read Story
August 06, 2024, 07:12 AM


Ares Management Corporation announced that funds managed by its Credit Group closed approximately $12.8 billion in U.S. direct lending commitments across 93 transactions during the second quarter of 2024 and approximately $38.3 billion in direct... Read Story
August 05, 2024, 07:05 AM


Amur Equipment Finance, Inc. (Amur) announced the completion of its 14th term securitization, in which it issued $476.25 million in notes secured by equipment loans and leases originated through its platform. The transaction, the largest in company... Read Story
August 01, 2024, 07:24 AM


McGlinchey Stafford announced its recognition by the Equipment Leasing and Finance Association (ELFA) for 20 years of membership in the organization.“We are proud to have been members of ELFA over the last 20 years,” said Jean-Paul Perrault, Member.... Read Story
August 01, 2024, 07:17 AM


Encina Private Credit (“EPC”) served as Revolver and Term Loan lender for a sponsor owned portfolio company operating in the automotive services industry. EPC’s $75 million first out commitment augmented the existing Unitranche lender’s $300 Million... Read Story
August 01, 2024, 07:00 AM


First Citizens Bank announced its CIT Commercial Services unit provided up to $48 million in financing to Crown Crafts Inc., one of America’s largest producers of infant bedding, toddler bedding, bibs, toys and disposable products.The financing... Read Story
July 31, 2024, 07:00 AM


U.S. small business lenders increased requirements to qualify for financing in the first half of 2024, but are cautiously optimistic the market will improve, according to the Q1 2024 SMB Lending Index released by Lendio.Lendio's SMB lending index... Read Story
July 30, 2024, 07:05 AM


Utica Equipment Finance announced the completion of a transaction totaling $15,500,000 in the fourth week of July.The $15,500,000 capital lease secured by forestry equipment, excavators, dozers, wheel loaders, and trucks for a company located in the... Read Story
July 29, 2024, 07:20 AM


TAB Bank successfully closed $103 million in credit facilities with nearly 400 companies during the second quarter of 2024. Financing included loans for working capital, equipment and commercial real estate, small business lines of credit and... Read Story
July 29, 2024, 07:10 AM


GreatAmerica Financial Services Corporation announced it has closed on its 25th term securitization with $641,875,000 of privately placed bonds. S&P and Fitch rated 93.4 percent of the bonds in the transaction as AAA, unchanged from the prior eight... Read Story
July 26, 2024, 07:20 AM


Alfa, a provider of enterprise software for equipment finance, announced the launch of Intelligent Automation, the penultimate pillar of six that make up Alfa Systems 6 - a breakthrough iteration of the Alfa Systems software platform.#5 Intelligent... Read Story
July 26, 2024, 07:05 AM


Trinity Capital launched a new vehicle in partnership with Eagle Point Credit Management LLC. Trinity's wholly owned registered investment adviser will be an adviser to the new vehicle, thereby bolstering the Company's sources of capital for lending... Read Story
July 25, 2024, 07:10 AM


HEVI Corp., a manufacturer of all-electric heavy equipment, announced it is partnering with Assurant, Inc., a global business services company that supports, protects, and connects major consumer purchases like automobiles, as well as commercial... Read Story
July 24, 2024, 07:18 AM


Sudhir Amembal, an affiliate of Rinaldi Advisory Services, announced his next one-day virtual Winning With Leasing seminar will be held on Oct. 24. The seminar is an extract from his firm's flagship seminar attended by over 35,000 equipment finance... Read Story
July 24, 2024, 07:15 AM


Maxim Commercial Capital (Maxim) reported strong results for the second quarter of 2024. While many competitors have tightened their credit windows and other lenders have closed their businesses, Maxim continues to expand. To support its growth, the... Read Story
July 24, 2024, 07:10 AM


United Leasing & Finance announces its 60th anniversary. This milestone marks six decades of dedication, commitment to excellence, and exceptional service in providing creative financing solutions to businesses across the United States and Canada... Read Story
July 24, 2024, 07:00 AM


Trinity Capital Inc. announced certain highlights for the first half and second quarter of 2024. Trinity funded a record $474 million of investments in the first half of 2024 and originated $289 million of total new commitments in the second quarter... Read Story
July 19, 2024, 07:23 AM


DataScan unveils its newest advancement in inventory risk management—RiskGauge. This innovative tool enhances visibility and precision in inventory monitoring and risk decision-making through a comprehensive and integrated approach. RiskGauge is a... Read Story
July 19, 2024, 07:20 AM


Fortune and Great Place to Work have honored First American Equipment Finance as one of the 2024 Best Workplaces for Millennials (under 1,000 FTE). This is First American’s eighth time being named to the nationwide list, this year coming in at #14.... Read Story
July 19, 2024, 07:15 AM


Equipment finance industry technology leaders Syndifi, Inc. and Tamarack Technology, Inc. have entered a strategic partnership to support capital market teams in the industry. The companies plan to integrate the Syndifi platform with Tamarack’s... Read Story
July 18, 2024, 07:18 AM


QuickFi is a finalist in the New York based 2024 Finovate Awards for Best Embedded Finance Solution. Other finalists include TD Bank, Mastercard, Brex, and Clair. QuickFi is honored to be recognized among these outstanding finalist companies.The... Read Story
July 18, 2024, 07:15 AM


First Citizens Bank announced CIT Northbridge Credit, as advised by First Citizens Institutional Asset Management LLC, provided a $40 million revolving credit facility to B&W Fiber Glass Inc., a distributor of fiber glass and manufacturer of... Read Story
July 17, 2024, 07:18 AM


United Leasing & Finance announced its annual support to several area charities in Southwest Indiana. The pledges and gifts total $1.5 million and target early childhood and higher education, as well as organizations supporting youth health. These... Read Story
July 16, 2024, 07:08 AM


First American Equipment Finance announced it was recognized on the Selling Power 60 Best Companies to Sell For in 2024 list. The 24th annual list features companies leading the charge in perseverance and determination despite facing inflationary... Read Story
July 15, 2024, 07:10 AM


Auramet International, a leading precious metals merchant, closed a $300 million syndicated revolving credit facility led by Macquarie Group. Macquarie acted as Mandated Lead Arranger, Bookrunner and Administrative Agent for the Facility, which was... Read Story
July 15, 2024, 07:00 AM


Fleet Advantage announced Senior Vice President of Fleet Operations Brian Antonellis, CTP, has been honored as a 2024 “Rainmaker” award winner by DC Velocity. This recognition celebrates Antonellis’s exceptional leadership and significant... Read Story
July 11, 2024, 07:00 AM


Eastern Funding LLC, a financial lender to laundromats, owner-occupied commercial real estate, fitness and wellness, commercial vehicles, and other businesses (the Company), announced it will commence immediately with an orderly wind-down of its... Read Story
July 10, 2024, 07:23 AM


CamoAg, a provider of agricultural data solutions, and Fusable, formally Randall Reilly, announced a new partnership for nationwide data equipment UCC data integration. This collaboration integrates Fusable's comprehensive nationwide equipment UCC... Read Story
July 10, 2024, 07:00 AM


Amur Equipment Finance, Inc. (Amur) announced a new volume record for the first half of 2024, achieving over $500 million in loan originations and positioning itself to surpass $1 billion by the end of the year. Overall, Amur provided financing to... Read Story
July 09, 2024, 07:24 AM


Rinaldi Advisory Services, LLC (RAS), renowned for its expertise in exit strategy planning and mergers and acquisitions within the U.S. equipment finance marketplace, announced the addition of strategic alliance partner Deborah Reuben and... Read Story
July 09, 2024, 07:15 AM


Star Leasing Company, CTL (Commercial Trailer Leasing, Inc.), Cooling Concepts, and NETS Leasing (North East Trailer Services), portfolio companies of I Squared Capital, announced the completion of their name change to TEN (Transportation Equipment... Read Story
July 08, 2024, 07:00 AM


Stonebriar Commercial Finance (“Stonebriar”) closed a seven-year CAD$130MM (USD$95.1MM) term loan for a leading provider of specialty industrial and environmental services to oil and gas, chemical, and manufacturing end markets. The loan, part of a... Read Story
July 02, 2024, 07:05 AM


Accord Financial Corp. announced it has established two new financing arrangements to support its Canadian small business lending division and BondIt Media Capital (BondIt), its U.S.-based media financing arm. Both facilities provide a more... Read Story
July 01, 2024, 07:05 AM


Solifi, a global fintech software partner for secured finance, announced it was shortlisted in three categories at the Asset Finance Connect (AFC) Summer awards, which will take place at the Honorable Artillery Company on July 9 and focus on People... Read Story
June 27, 2024, 07:20 AM


CAN Capital, Inc. successfully completed a $175 million funding program, which includes a variable funding note facility with a maximum borrowing amount of $50 million and a $125 million asset-backed notes term securitization. This transaction was... Read Story
June 27, 2024, 07:16 AM


It is with profound sadness that we mourn the passing of Doug Carmichael, CEO and co-founder of Transport Enterprise Leasing (TEL). He passed Monday, June 24, surrounded by family in Chattanooga, TN after a brief illness.“Doug was an extraordinarily... Read Story
June 26, 2024, 07:25 AM


Asset Compliant Solutions, a leading collections, recovery and portfolio optimization firm announced it will host a webinar event on Tuesday, July 13 at 3 p.m. EDT titled "Prospering in a Changing Landscape." The webinar will feature leaders from... Read Story
June 26, 2024, 07:20 AM


KLC Financial announced its recognition as one of the Minneapolis Star Tribune’s Top Workplaces in 2024. The Minnetonka-based company also received two additional Top Workplace Special Awards: the “Employee Appreciation” award and the “New Ideas”... Read Story
June 26, 2024, 07:00 AM


Stonebriar Commercial Finance (Stonebriar) announced the closing of a seven-year CAD $130 million ($95.24 million) term loan for a provider of specialty industrial and environmental services to oil and gas, chemical, and manufacturing end markets.... Read Story
June 25, 2024, 07:20 AM


Channel announced that, for the third consecutive year, it has been named one of the Top 200 Workplaces in Minnesota by the Star Tribune, ranking fifth amongst the top midsize companies in the state. This recognition highlights its dedication to... Read Story
June 25, 2024, 07:18 AM


eCapital upsized an invoice factoring facility for a fast-growing startup food distributor specializing in supplying high-quality food products to Mexico. Demonstrating the agility of its financing solutions, eCapital increased the invoice factoring... Read Story
June 24, 2024, 07:15 AM


Liventus announced its inclusion in the prestigious Fortune Best Workplaces in Chicago 2024 list. The company has been ranked seventh among small and mid-size companies, significantly improving from its 27th place ranking in 2022. This achievement is... Read Story
June 24, 2024, 07:10 AM


First Horizon Corp. announced the recipients of the Grants for Good campaign. In honor of the bank's 160th anniversary and after receiving more than 3,500 applications, the First Horizon Foundation awarded $1.6 million to 160 nonprofits across the... Read Story
June 20, 2024, 07:15 AM


Fleet Advantage, an innovator in specialty financing, fleet data analytics, fleet management services, and life cycle cost management, announced it has been recognized as a winner of Food Logistics and Supply & Demand Chain Executive‘s 2024 Top... Read Story
June 20, 2024, 07:05 AM


Arcadia Finance, a new litigation funding firm focused on commercial litigation and arbitration, announced its official launch to offer customized financial solutions and unparalleled support to empower clients and partners in achieving their legal... Read Story
June 20, 2024, 07:00 AM


First Citizens Bank announced that CIT Northbridge Credit, as advised by First Citizens Institutional Asset Management, LLC, provided a $35 million revolving line of credit to Network Wireless Solutions, a provider of cable solutions and distributor... Read Story
June 19, 2024, 07:22 AM


Channel announced it has been listed among Inc.’s annual Best Workplaces list. Prominently featured on Inc.com, the list is the result of a comprehensive measurement of American companies that have excelled in creating exceptional workplaces and... Read Story
June 19, 2024, 07:20 AM


TD Bank Group (TD) announced the launch of TD Innovation Partners (TDIP), a division of The Toronto-Dominion Bank. TDIP is a new full-service team providing bespoke, high-touch banking and financing solutions in support of technology and innovation... Read Story
June 19, 2024, 07:12 AM


Beacon Funding Corporation announced it has made the Fortune’s Best Workplaces in Chicago list for the second time. Beacon Funding was first named to this list in 2022 and is proud to be recognized again in 2024.Beacon Funding, a truck and equipment... Read Story
June 18, 2024, 07:05 AM


Chesswood Group Limited provided an update on its previously announced evaluation of the strategic direction of the company being supervised by a special committee of its board of directors (the Committee).Over the course of its review to date, the... Read Story
June 17, 2024, 07:22 AM


Utica Equipment Finance announce the completion of an equipment refinance transaction totaling $3,500,000.The capital lease to a concrete and masonry recycling company in Michigan was secured by crushing equipment, construction equipment and trucks.... Read Story
June 17, 2024, 07:08 AM


Solifi, a global fintech software partner for secured finance, is celebrating its 50th anniversary after enjoying substantial growth in 2023.Founded in Minnesota as Decision Systems in 1974, the business initially specialized in solutions for... Read Story
June 14, 2024, 07:25 AM


Traditional fraud prevention methods are failing to keep pace with the latest fraud tactics. Northteq's new white paper, "The growing challenge of equipment finance fraud: Utilizing technology to strengthen your fraud prevention strategy.” Northteq... Read Story
June 13, 2024, 07:20 AM


Fortune magazine and Great Place to Work have honored First American Equipment Finance as one of this year’s Best Workplaces in New York. This is First American’s eighth consecutive year being named to this prestigious list, this year coming in at No... Read Story
June 13, 2024, 07:18 AM


Tax Guard, a Cogency Global Company and the first provider of real-time IRS tax data services, announced it has entered a partnership with San Diego-based Ventures Lending Technologies, an end-to-end lending software for banks and mission-based... Read Story
June 12, 2024, 07:22 AM


DataScan, an industry leader in dealer commercial lending solutions, announced the launch of its new website. The newly designed site reflects DataScan's commitment to meeting the evolving needs of dealer commercial lenders by offering a more... Read Story
June 12, 2024, 07:10 AM


First Citizens Bank announced its Asset-Based Lending business will provide up to $400 million in combined financing to facilitate the investments of WhiteHawk Fund IV and WhiteHawk Evergreen Fund.Both funds are managed by WhiteHawk Capital Partners... Read Story
June 12, 2024, 06:15 AM


Ares Commercial Finance (“ACF”) announced it is marking 10 years as the commercial finance platform of Ares Management. The evolution of the platform began with the acquisition of Keltic Financial Services, LLC in 2014 and was further augmented with... Read Story
June 11, 2024, 07:05 AM


First National Capital Corporation (FNCC), a commercial equipment and aviation finance provider, announced the funding of natural gas turbine generators totaling over $148,000,000 in committed capital. The client, which specializes in the fast-track... Read Story
June 10, 2024, 07:22 AM


Premier Truck Rental (PTR) announced its 10th anniversary. Since its inception in 2014, the company has continuously pushed the boundaries of innovation, achieved significant milestones, and set new standards in the equipment rental space.Started by... Read Story
June 07, 2024, 07:17 AM


ATEL Ventures, a division of ATEL Capital Group and a provider of venture debt financing solutions to growth-stage companies, announced the completion of an agreement to provide $20 million of growth debt to Isar Aerospace, a launch service provider... Read Story
June 07, 2024, 07:00 AM


Sudhir Amembal, CEO of Amembal & Halladay, and an affiliate of Rinaldi Advisory Services, instructed a one-day interactive virtual seminar entitled, "Winning with Leasing" on May 30. The seminar, an extract from the firm's live flagship seminar... Read Story
June 06, 2024, 07:16 AM


Syndifi Inc. announced KLC Financial, LLC, a finance company offering lease and capital equipment financing for businesses, has selected the Syndifi platform to enhance its syndication process.By adopting Syndifi’s award-winning platform, KLC... Read Story
June 06, 2024, 07:12 AM


Verdant Commercial Capital has been recognized for its rapid growth and employee satisfaction by being included a third time on two different workplace award lists.Verdant has been named a Top Workplace in Greater Cincinnati and Northern Kentucky for... Read Story
June 05, 2024, 07:10 AM


Rinaldi Advisory Services (RAS) announced the addition of Verity Capital Advisors CEO, Justin Vogel to its consulting practice. This strategic alliance will add Verity Capital’s expertise in optimizing capital stacks and securing lines of credit to... Read Story
June 04, 2024, 07:22 AM


ASA announced Rajeev R. Shah as a recipient of the esteemed 2024 Honorary Award.Recognized for his exceptional dedication, unwavering commitment, and outstanding contributions to the broader appraisal profession, Rajeev R. Shah emerges as a... Read Story
June 04, 2024, 07:16 AM


Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, announced the recent upsize of its investment-grade corporate note financing. The new notes were assigned a BBB rating by a nationally recognized... Read Story
June 04, 2024, 07:00 AM


XCMG America Financial announced its expansion of its North American financing platform into Canada, supported by QuickFi. The new XCMG program enables nearly instant loans and leases for XCMG equipment purchasers in Canada.Gengzong Qiu, XCMG America... Read Story
June 03, 2024, 07:22 AM


A new paper argues that important advancements in health, telecommunication, mobility and other areas risk being hindered if visionary founders are not able to access the necessary funding for their ventures. “Debt as Catalyst – Making Hard Tech... Read Story
June 03, 2024, 07:15 AM


First Citizens Bank announced CIT Northbridge Credit, as advised by First Citizens Institutional Asset Management, LLC, provided a $75 million revolving credit facility to Cisco Equipment Rentals, a Texas-based provider of equipment rentals, new and... Read Story
May 31, 2024, 07:25 AM


QuickFi is honored to win Best Embedded Finance Solution at the 2024 Banking Tech Awards USA.Other finalists included J.P. Morgan Chase, HSBC Bank USA, Wells Fargo, Morgan Stanley, Intuit, Fiserv, and SoFi. QuickFi is honored to be selected as the... Read Story
May 31, 2024, 07:20 AM


Verdant Commercial Capital, LLC announced the closing of its latest 144a term securitization. “VERD 2024-1” issued notes totaling $307,667,000 that are backed by a diverse portfolio of high-quality equipment leases and loans collateralized by... Read Story
May 30, 2024, 07:22 AM


Small business owners will be able to forecast their cash flow up to 12 months in advance using an all-new digital solution rolled out by Citizens.The solution, Citizens Cash Flow Forecasting, offers tips and insights as well as competitive... Read Story
May 30, 2024, 07:03 AM


Equipment Finance Cares (EF Cares) held its second event of 2024 in Philadelphia, PA. More than 60 equipment finance professionals attended, representing 42 different organizations. “Thank you, Oakmont Capital Services, for hosting this amazing event... Read Story
May 29, 2024, 07:00 AM


AP Equipment Financing announced the success of its Wholesale Floorplan program, spearheaded by Floor Plan Operations Manager Rena Waples. Since Waples joined the team in 2023, the program has garnered significant interest from dealers and suppliers... Read Story
May 24, 2024, 07:20 AM


QuickFi was recognized as Best of Show at Finovate Spring 2024. QuickFi participated with over 50 companies at Finovate Spring 2024, a leading fintech event series held annually in San Francisco, New York City, Asia, and Europe. QuickFi was honored... Read Story
May 24, 2024, 07:18 AM


DLL is the recipient of the “Best ESG/Sustainability Initiative of the Year: Environmental Aspects” and the “Best E-Mobility Financing Programme” Awards from the Arena International Events Group.The awards ceremony, which was in its second edition... Read Story
May 24, 2024, 07:10 AM


Penske Transportation Solutions and ForeFront Power have formed a new joint venture named Penske Energy LLC. The new venture aims to help commercial fleet operators plan, design and deploy optimized EV charging infrastructure capabilities that... Read Story
May 22, 2024, 07:20 AM


AP Equipment Financing issued the following statement: It is with profound sadness that we announce the passing of Raquel O'Leary, who lost her courageous battle with cancer on May 18, 2024.Raquel's career spanned over three decades, marked by her... Read Story
May 21, 2024, 07:27 AM


Solifi received an accolade in the Best New Services Solutions: Data and Asset Management category in the 2024 Sustainable Finance Awards. The awards, which took place in May in Paris, celebrate the success of leading finance businesses in achieving... Read Story
May 20, 2024, 07:15 AM


Encina Lender Finance, LLC announced it has closed a $50 million senior credit facility for a consumer point-of-sale lending platform with a network of more than 2,000 merchants nationwide.The borrower will use this facility to support its continued... Read Story
May 20, 2024, 07:10 AM


Channel announced Brad Peterson, Chief Executive Officer, has been named Leader of the Year at Converge, a two-day conference, workshop, and gala event hosted by Monitor. This recognition speaks to Peterson’s widely respected approach to leadership... Read Story
May 20, 2024, 07:05 AM


PathShare HR Services, a division of GreatAmerica Financial Services, announced the launch of its sales training, featuring a curriculum developed by Richardson Sales Performance, a global leader in sales training and performance improvement. The... Read Story
May 17, 2024, 07:20 AM


Alfa, a provider of enterprise software for the equipment finance industry, announced the release of Scalability, the fourth of six releases that make up Alfa Systems 6 - a breakthrough iteration of its Alfa Systems software platform.Providing “truly... Read Story
May 17, 2024, 07:15 AM


Solifi, a global fintech software partner for secured finance, announced the launch of ESG Portfolio Strategist, as the latest innovative application in its product suite. Enabling automotive finance businesses to operationalize ESG strategy within... Read Story
May 16, 2024, 07:18 AM


Despite a recent growth forecast of 27.5% CAGR and the size of the electric vehicle (EV) charging infrastructure market estimated to exceed $224.8 billion by 2032, the lack of reliable and managed on-site charging options remains a key challenge to... Read Story
May 16, 2024, 07:03 AM


DLL, global provider of asset-based financial solutions, delivered consistent results for the 2023 business year. Despite ongoing geopolitical and macroeconomic challenges, the company recorded net profit, portfolio and income growth. DLL realized a... Read Story
May 13, 2024, 07:25 AM


Fora Financial, a provider of flexible financing to small- and medium-sized businesses nationwide, announced a new record for single-quarter funding originations. The company reports a 30 percent increase in Q1 2024 over Q1 2023 in overall funding... Read Story
May 13, 2024, 07:22 AM


QuickFi announced the expansion of its QuickFi equipment financing platform into Canada. The patented QuickFi platform enables OEMs to offer equipment buyers a consistent, nearly instant, self-service equipment financing experience throughout the U.S... Read Story
May 13, 2024, 07:20 AM


Encina Lender Finance closed a $20 million senior credit facility for an indirect auto finance platform with a network of dealers spanning across 30+ states. The borrower will use this facility to support its continued expansion. Read Story
May 10, 2024, 07:00 AM


U.S. Used Tractors 100 Horsepower and Greater Inventory levels rose 2.54 percent month over month, marking a continuation of recent upward trends noted for several months, and are now 58.3 percent higher than the same period last year. The... Read Story
May 09, 2024, 07:00 AM


Wolters Kluwer announced new first quarter analysis from its Equipment Lease Finance Digital Transformation Index, a key resource that tracks the rate at which equipment lessors and service providers are seeing growth in the evolution from... Read Story
May 08, 2024, 07:15 AM


Scout Clean Energy, a Colorado-based renewable energy developer, owner, and operator, announced the closing of a $100 million equipment supply loan (ESL) with Rabobank. The facility will be used to fund Scout equipment down payments. Scout is a... Read Story
May 08, 2024, 07:00 AM


As 360 Equipment Finance marks its 14th year of providing entrepreneurs and business owners with innovative equipment financing solutions, the company proudly announces a historic milestone. April 2024 witnessed the largest total funding volume in... Read Story
May 07, 2024, 07:22 AM


The PNC Financial Services Group, Inc. and the TCW Group, Inc., a global asset manager, announced they are partnering to deliver private credit solutions to middle market companies.The PNC and TCW partnership formalizes and expands more than 15 years... Read Story
May 07, 2024, 07:08 AM


TomorrowZone announced the launch of its newest endeavor: the TomorrowZone Catalyst podcast - a space where curiosity meets connection, possibility reigns supreme, and innovation is a way of life. We invite you to join Deborah Reuben and the... Read Story
May 06, 2024, 07:05 AM


Sudhir Amembal, CEO of Amembal & Halladay and an affiliate of Rinaldi Advisory Services, will instruct a one-day interactive virtual seminar entitled "Winning with Leasing." The seminar is an extract from the firm's live flagship seminar attended by... Read Story
May 01, 2024, 07:18 AM


SLIM Capital, headquartered in Beverly Hills, CA, announced a groundbreaking quarter, with Q1 2024 witnessing an exceptional surge in origination volume and a record-breaking influx of deal submissions. The team's unwavering commitment to efficiency... Read Story
April 30, 2024, 07:15 AM


As robotics and automation expand rapidly into industries from healthcare to warehousing to food service, recent research shows that the global robotics-as-a-service (RaaS) market is projected to grow at a CAGR of 17.4 percent through 2028 to more... Read Story
April 26, 2024, 07:14 AM


The Federal Trade Commission issued a final rule to promote competition by banning noncompetes nationwide, protecting the fundamental freedom of workers to change jobs, increasing innovation, and fostering new business formation.“Noncompete clauses... Read Story
April 25, 2024, 07:25 AM


Wintrust Commercial Finance (WCF), a division of Wintrust Asset Finance Inc., is celebrating nine years of business this month. WCF is an equipment-focused financing group headquartered in Frisco, TX, offering sophisticated loan and lease products to... Read Story
April 24, 2024, 07:23 AM


The Equipment Finance Cares Pennsylvania event, hosted by Oakmont Capital Services, will be held on Tuesday, May 14th, from 1:30 p.m. to 7 p.m. at the Museum of the American Revolution in downtown Philadelphia.“Equipment Finance Cares is excited to... Read Story
April 24, 2024, 07:18 AM


Clarus Capital (Clarus) completed an upsizing of its existing loan facility for an established, family office backed private aviation platform. The facility, now totaling $35 million, will continue to support the company’s ongoing fleet... Read Story
April 22, 2024, 07:15 AM


Best Companies Group has honored First American Equipment Finance as one of the 2024 Best Companies to Work for in New York. This is First American’s 13th consecutive year being named to the list, this year coming in first place in the large company... Read Story
April 22, 2024, 07:10 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


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


Solifi, a global fintech software partner for secured finance, announced the completion of the integration with Codat, a provider of enhanced-connectivity automated solutions. The out-of-the-box functionality enables asset-based lending (ABL) firms... Read Story
April 16, 2024, 07:11 AM


Silicon Valley Bank (SVB), a division of First Citizens Bank, along with lending partner Trinity Capital, provided a $125 million warehouse facility to fintech infrastructure startup, Parafin. Recently named to the 2024 Fintech Innovation 50, Parafin... Read Story
April 15, 2024, 07:15 AM


eCapital Corp. funded a $12 million asset-based lending facility with an $8 million accordion feature for a North Carolina-based distributor specializing in waterworks products and related items for contractors and municipalities. This infusion of... Read Story
April 15, 2024, 07:10 AM


Capteris announced a 200 percent increase in year-over-year Q1 funded volume, resulting in its strongest quarter since inception. Given continued market uncertainties, the company saw a significant increase in the number of clients and financial... Read Story
April 12, 2024, 07:20 AM


Middle market private companies in the Golub Capital Altman Index grew earnings by 11% during the first two months of the first quarter of 2024. Revenue grew 5% during the same period.Lawrence E. Golub, CEO of Golub Capital, said, “Growth in Q1 2024... Read Story
April 12, 2024, 07:00 AM


On April 10, Onset Financial unveiled its highly anticipated Red Rock Division in the vibrant city of St. George, UT. This new 55,000-square-foot campus stands alongside Onset’s existing Draper Headquarters as a monument to Onset Financial’s... Read Story
April 11, 2024, 07:05 AM


Sudhir Amembal, CEO of Amembal & Halladay and an affiliate of Rinaldi Advisory Services, will instruct a one-day interactive virtual seminar entitled "Winning with Leasing." The seminar is an extract from the firm's live flagship seminar attended by... Read Story
April 10, 2024, 07:10 AM


In an impressive start to the new year, Reliant Capital has announced the closure of over $43 million in business loans in its first quarter. This accomplishment not only broke the record for the largest single month in company history but also an... Read Story
April 09, 2024, 07:25 AM


Flatbay Capital was founded in 2019 with the goal of supporting business owners with their commercial real estate financing needs. Based in Houston, Texas, they are a nationwide non-bank lender focusing on owner-occupied commercial real estate loans.... Read Story
April 09, 2024, 07:05 AM


Star Leasing Company, CTL (Commercial Trailer Leasing, Inc.), Cooling Concepts, and NETS Leasing (North East Trailer Services), portfolio companies of I Squared Capital, announced their intent to rebrand and change their name to TEN (Transportation... Read Story
April 08, 2024, 07:19 AM


Jefferies Financial Group and SMBC Group have expanded their global strategic alliance to enhance collaboration on future corporate and investment banking business opportunities within the Canadian market. SMBC Group comprises Sumitomo Mitsui... Read Story
April 08, 2024, 07:15 AM


Houlihan Lokey presented its latest Equipment-as-a-Service Market Update. Here are some key takeaways from this edition of the report: Despite a smaller count for EaaS transactions, disclosed volume was up significantly, indicating a willingness... Read Story
April 08, 2024, 07:05 AM


First American Equipment Finance has been named the No. 1 on the Rochester Top Workplaces 2024 list (midsize category, 125-399 FTE). This is First American’s fourth consecutive year ranking in first place.The Top Workplaces list is based solely on... Read Story
April 08, 2024, 07:00 AM


Private equity entered 2024 ready to shop, and a study released by Citizens reveals many business leaders may be open to making a deal. Nearly three quarters (72 percent) of small- and mid-size businesses in the U.S. view the private equity industry... Read Story
April 03, 2024, 07:18 AM


PEAC Solutions hosted its inaugural “Tee-Up for Charity” event on April 2, at TPC Sawgrass in Ponte Vedra Beach, FL.The event that took place at the prestigious TPC Sawgrass provided participants with the unique opportunity to play on the renowned... Read Story
April 03, 2024, 07:10 AM


ASA is announcing the ASAI Symposium, taking place Thursday, June 27, from 1:00 pm to 3:30 PM EDT. This virtual event promises to deliver invaluable insights into the profound influence of Artificial Intelligence (AI) on the valuation profession.With... Read Story
April 02, 2024, 07:18 AM


MUFG announced that it has established a new Medium-term Business Plan (“MTBP”) for the three-year period beginning in FY2024, as outlined in the following press release.Since the three years of the COVID-19 pandemic, the business environment has... Read Story
April 02, 2024, 07:00 AM


Assurant, Inc. has been named to the Fortune list of America’s Most Innovative Companies 2024. This award is presented by Fortune and Statista Inc.Fortune and Statista selected America’s Most Innovative Companies 2024 based on product innovation... Read Story
April 01, 2024, 07:00 AM


Chesswood Group Limited announced an update on its review of strategic alternatives to maximize shareholder value, previously announced on Jan. 22, 2024.In connection with the review process, Chesswood, through a special committee of its board of... Read Story
March 29, 2024, 07:20 AM


Cass Commercial Bank announced the launch of its Equipment Finance Division. Designed to unlock the potential of capital assets across industries, this new division offers tailored equipment leasing solutions to finance growth, improve capital... Read Story
March 29, 2024, 07:18 AM


J.S. Held reveals the “Lending Climate in America” survey results from Phoenix Management, a part of J.S. Held. The first quarter survey results highlight concern about the outcome of the upcoming Presidential election and increased uncertainty... Read Story
March 29, 2024, 07:10 AM


Volvo Financial Service (VFS) announced a continuation of its partnership with JA (Junior Achievement) Worldwide through 2025, bringing financial literacy skills and knowledge to even more youth around the world. In addition, VFS and JA are expanding... Read Story
March 29, 2024, 07:05 AM


Susan Carol Creative has rebranded to Foresight Marketing Agency, in a move that reflects the significant growth in capabilities at this longtime leader in public relations and marketing communications for B2B clients in commercial finance, equipment... Read Story
March 27, 2024, 07:18 AM


Equipment Finance Cares (EF Cares) and the American Association of Commercial Finance Brokers (AACFB) join forces to advance industry collaboration and philanthropy. The partnership kicks off with a charity concert and packing event at the upcoming... Read Story
March 27, 2024, 07:10 AM


Consult Disrupt, a consulting organization formed to support equipment finance organizations with their day-to-day operations and technology-related projects announces that Providence Capital Funding has selected the consulting firm to lead their RFP... Read Story
March 26, 2024, 07:18 AM


Canyongate Financial, a finance broker dedicated to helping small businesses secure equipment finance and working capital, announced the launch of CanyonConnect, a digital marketplace revolutionizing the deal origination process.“We are thrilled to... Read Story
March 26, 2024, 07:15 AM


First Business Bank’s Floorplan Financing team recently funded a $2.5 million inventory floorplan line of credit for an independent car dealership in North Carolina.First Business Bank’s Floorplan Financing team offers independent car dealers the... Read Story
March 26, 2024, 07:10 AM


Dext Capital, an essential-use healthcare equipment lessor, announced the upsize of its investment-grade corporate note. Proceeds will be used for new originations and growth initiatives.Founded in 2018, Dext specializes in providing financing... Read Story
March 25, 2024, 07:15 AM


Mitsubishi HC Capital America continues to make significant strides in its digital transformation efforts with the recent integration of MuleSoft Robotic Process Automation (RPA).In a move to strengthen business development and customer retention... Read Story
March 22, 2024, 07:18 AM


United Rentals, Inc., the world’s largest equipment rental company, announced it has been recognized as one of America’s Best Employers 2024. This award is presented by Forbes and Statista Inc., the world-leading statistics portal and industry... Read Story
March 22, 2024, 07:00 AM


QuickFi is a finalist in the New York, 2024 Banking Tech USA Awards for three categories: Best Embedded Finance Initiative, Best Embedded Finance Solution, and Vehicle & Equipment LendTech of the Future. Other finalists include J.P. Morgan, HSBC... Read Story
March 21, 2024, 07:15 AM


Amur Equipment Finance, Inc. is proud to be Certified by Great Place to Work for the sixth consecutive year. Amur employees again confirmed that the company is a Great Place to Work, rating Amur 34 points higher than typical U.S. companies surveyed.... Read Story
March 21, 2024, 07:10 AM


Alfa, a provider of technology for equipment finance, announced the release of Sustainability, the third of six releases that make up Alfa Systems 6, a breakthrough iteration of its Alfa Systems software platform.Sustainability in Alfa Systems 6... Read Story
March 20, 2024, 07:05 AM


Med One Group announced a strategic partnership with iMedical Equipment & Service, dba iMedical Healthcare Solutions. This collaboration provides hospitals with a compelling single-source solution for all their equipment needs while expanding the... Read Story
March 19, 2024, 07:22 AM


Wintrust Receivables Finance (WRF) announced the closing of a new $15,000,000 account receivable line of credit for a well-established Midwest-based third-party logistics firm. The company has been providing best-in-class logistics and transportation... Read Story
March 19, 2024, 07:14 AM


The American Association of Commercial Finance Brokers (AACFB) is thrilled to announce the recipient of the 2024 AACFB Scholarship, Widtherly Exantus.Since its inception in October 2020, the AACFB scholarship program has aimed to support high school... Read Story
March 18, 2024, 06:00 AM


As economic uncertainty continues to loom, First Capital Business Finance Launches steps forward with a groundbreaking initiative to address the pressing need for accessible financing in the transportation industry.With the launch of a specialized... Read Story
March 15, 2024, 07:11 AM


QuickFi has been selected as “Best Overall LendTech Company” in the 8th annual FinTech Breakthrough Awards program conducted by FinTech Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies and... Read Story
March 14, 2024, 07:15 AM


Sudhir Amembal, CEO of Amembal & Halladay and an affiliate of Rinaldi Advisory Services, will instruct a one-day interactive virtual seminar entitled "Winning with Leasing." The seminar is an extract from the firm's live flagship seminar attended by... Read Story
March 13, 2024, 07:15 AM


As the global economy nears recovery, so will the PC market with global shipments forecast to reach 265.4 million units in 2024, up 2.0 percent from the prior year according to the International Data Corporation (IDC) Worldwide Quarterly Personal... Read Story
March 11, 2024, 07:18 AM


ASA announced the opening of registration for the 2024 ASA International Conference (ASAIC24), scheduled for Sept. 15-17, 2024. The conference will take place both in person at the Hilton Portland Downtown in Portland, OR, and virtually.Marking its... Read Story
March 07, 2024, 07:05 AM


Trinity Capital Inc. announced the commitment of $50 million in equipment financing to Electric Hydrogen, a manufacturer of electrolyzer systems that produce green hydrogen for critical industries.Electric Hydrogen's electrolyzer systems are complete... Read Story
March 06, 2024, 07:17 AM


Consult Disrupt, a consulting organization formed to support equipment finance organizations with their day-to-day operations and technology related projects is excited to announce its partnership with Honour Capital. Consult Disrupt has been chosen... Read Story
March 05, 2024, 07:15 AM


Solifi, a global fintech software partner for secured finance, announced the release of the 2024 Global Leasing Report. This coveted digital publication details the trends, economic projections and insights into the top 50 leasing markets worldwide.... Read Story
March 04, 2024, 07:22 AM


Gordon Brothers, the global asset experts, is exclusively offering for sale by private treaty the Royal Falcon One superyacht.Royal Falcon One was built in 2019 and is the world’s only luxury catamaran superyacht created by Studio F.A. Porsche. The... Read Story
March 04, 2024, 07:10 AM


GreatAmerica Financial Services announced applications from area nonprofits for their Employee Advised Fund will be accepted from March 1 to March 29, 2024, 4:30 PM (CST). The Employee Advised Fund, launched in 2022 is in addition to the GreatAmerica... Read Story
March 04, 2024, 07:05 AM


NFS Leasing, Inc., a privately held leader in equipment finance across the U.S. and Canada, announced it achieved 8 percent year-over-year growth of originations in 2023.“Our team's strength and the value we provide to our customers to support their... Read Story
March 01, 2024, 07:20 AM


MidCap Equipment Finance LLC crossed its second anniversary, originating over $225 million since the business began in February 2022. MidCap has provided financing in a variety of industries such as manufacturing, construction, transportation... Read Story
February 29, 2024, 07:10 AM


Equifax is launching a real-time, Know Your Business (KYB) online Business Verification Solution offering to help U.S. lenders and businesses of all sizes make faster, more informed decisions before onboarding new accounts or vendors. New business... Read Story
February 29, 2024, 07:00 AM


ASA announced the new ASA Valuation of Inventory Conference, to take place online Thursday, May 2, from 1 p.m. to 5:20 p.m. ET. Join us for an exclusive exploration into inventory valuation nuances, from specific assets to uncovering inventory scams.... Read Story
February 28, 2024, 07:15 AM


Pathward, N.A., announced the release of its “Small Business Credit Habits and Needs” report, which found that while one in three small businesses have struggled with cash flow in the changing economy, 70 percent consider themselves to be in growth... Read Story
February 27, 2024, 07:17 AM


ASA announces Marc A Genest, Ph.D. as keynote speaker for the 13th Annual ASA Equipment Valuation Conference, to take place Sunday, June 2 to Thursday, June 4, 2024, in Herndon, VA and online.Genest, a Forrest Sherman Professor of Public Diplomacy at... Read Story
February 26, 2024, 07:18 AM


Black Star and Lease Finance Partners (LFP) announced a strategic partnership aimed at transforming the landscape of equipment leasing. This collaboration brings together Black Star's commitment to quality and service with LFP's prestigious standing... Read Story
February 23, 2024, 07:20 AM


ASA announces the hosting of the 13th Annual ASA Equipment Valuation Conference, to take place Sunday, June 2 to Tuesday, June 4, 2024, in Herndon, VA and online.Presented by ASA's Machinery and Technical Specialties Committee, this annual event is... Read Story
February 23, 2024, 07:18 AM


Wolters Kluwer announced new fourth quarter analysis from its Equipment Lease Finance Digital Transformation Index, a key resource that tracks the rate at which equipment lessors and service providers are seeing growth in the evolution from... Read Story
February 22, 2024, 07:10 AM


FGI Worldwide LLC announced GemCap, Texas-based provider of revolvers, term loans and factoring facilities for small and medium-sized businesses across the United States and Canada, has chosen FGI T.R.U.S.T. as a risk mitigation solution for client... Read Story
February 22, 2024, 07:00 AM


Fora Financial, a provider of short-term financing to the SMB community, announced it has surpassed $4 billion in capital provided to more than 55,000 small businesses since its inception in 2008. The company achieved this milestone on the heels of a... Read Story
February 15, 2024, 07:23 AM


Värde Partners, a global alternative investment firm specializing in credit and credit-related assets, announced that it committed $1.3 billion across its asset-based lending and diversified private credit platform in 2023. These investments... Read Story
February 15, 2024, 07:00 AM


Clarus Capital announced it has completed the arrangement of a combined $55 million U.S. and Canadian lease facility for a leading multi-sponsor-backed business service provider. Financing proceeds supported strategic growth initiatives, liquidity... Read Story
February 14, 2024, 07:20 AM


Sudhir Amembal, an affiliate of Rinaldi Advisory Services and CEO of Amembal & Halladay, conducted a webinar on Feb. 13 entitled, "Winning with Leasing!” The one-hour webinar attracted over 200 equipment finance professionals. They represented a... Read Story
February 14, 2024, 07:15 AM


360 Equipment Finance announced it has signed on with GreatAmerica Portfolio Services Group LLC (GPSG), a lease and loan service provider specializing in third-party servicing, to service its portfolio as the company scales. 360 Equipment Finance... Read Story
February 13, 2024, 07:23 AM


After essentially holding the line on the forecast since last July, ACT Research pushes 2024 Class 8 production and sales expectations up in February, as published in the latest release of the North American Commercial Vehicle OUTLOOK.“In addition to... Read Story
February 13, 2024, 07:18 AM


The Black Equipment Finance Network (BEFN), a national networking organization comprising equipment finance professionals, announced the awarding of its inaugural scholarships to two students from Historically Black Colleges and Universities (HBCUs).... Read Story
February 13, 2024, 07:15 AM


Northteq, LLC, a provider of Salesforce loan origination solutions, supported the launch of ElmBlue Capital, an emerging lender in the equipment finance market. Co-founded by industry veterans Greg Bourdon, Paul Reny, and Jake Broom, ElmBlue Capital... Read Story
February 12, 2024, 07:23 AM


A new survey from Grant Thornton revealed that chief financial officers (CFOs) have dramatically higher expectations compared to the most recent quarters. In fact, the majority of CFOs are confident in their ability to meet business goals related to... Read Story
February 12, 2024, 07:00 AM


Insight Financial Services (IFS), a division of Insight Investments LLC, announced it has been awarded a purchasing contract from the Mohave Educational Services Cooperative (MESC) to provide leasing and financing services. As an approved program... Read Story
February 09, 2024, 07:18 AM


First Citizens Bank's Healthcare Finance business provided $37 million to Rethink Healthcare Real Estate to refinance Grandview Physicians Plaza I, a medical office building located in Birmingham, Alabama. The medical office building spans over... Read Story
February 09, 2024, 07:05 AM


Fleet Advantage announced a number of key corporate milestones achieved during the last 12 months that continued to demonstrate the company’s staunch dedication and commitment to client service excellence in an ongoing period of economic uncertainty... Read Story
February 07, 2024, 07:15 AM


Sudhir Amembal, Chairman & CEO of Amembal & Halladay, will be conducting a free webinar on February 13 at 9 a.m. PT, 10 a.m. MT, 11 a.m. CT and 12 p.m. ET. The webinar is an extract from Amembal & Halladay’s flagship seminar attended by over 35,000... Read Story
February 07, 2024, 07:05 AM


GreatAmerica Financial Services Corporation announced it has closed on its 24th term securitization in $655,260,000 of privately placed bonds. S&P and Fitch rated 93.4 percent of the bonds in the transaction as AAA, unchanged from the prior seven... Read Story
February 06, 2024, 07:20 AM


Amur Equipment Finance, Inc. announced the completion of its 13th term securitization, in which it issued $406.3 million in notes secured by equipment loans and leases originated through its platform. Over 50 unique investors participated in this... Read Story
February 01, 2024, 07:23 AM


Assurant, Inc., a global business services company that supports, protects, and connects major consumer purchases like automobiles, as well as commercial equipment, announced a comprehensive new finance and insurance (F&I) sales training, the... Read Story
February 01, 2024, 07:00 AM


Blue Bridge Financial closed a one-year extension of its $135 million revolving credit facility with DZ BANK.Hannah Phearsdorf, SVP of Finance & Accounting of Blue Bridge commented, "DZ BANK has been a great partner for the Company over the past five... Read Story
January 31, 2024, 07:17 AM


Regents Capital, a provider of equipment leasing and financing solutions, announced the celebration of its 10th anniversary. Over the past decade, Regents Capital has established itself as a trusted partner in providing innovative and flexible... Read Story
January 31, 2024, 07:05 AM


GreatAmerica Financial Services announced its Employee Advised Fund completed its $500,000 annual pledge to the community by awarding $250,000 to non-profits in the Cedar Rapids area. It was the second of two giving cycles in 2023. GreatAmerica also... Read Story
January 30, 2024, 07:15 AM


MidFirst Business Credit (MFBC) announced it recently provided a working capital facility to Custom Equipment, LLC. Headquartered in West Bend, WI, Custom designs and manufacturers highly versatile scissor lifts that due to their unique agility, size... Read Story
January 30, 2024, 07:05 AM


National Funding is celebrating its 25th anniversary on January 27. It has provided over $4.5 billion in working capital and equipment leasing for SMBs nationwide.Ready to take on the traditional lending practices that made it difficult for small... Read Story
January 29, 2024, 07:17 AM


LTi Technology Solutions announced 2024 marks its 35-year anniversary. As LTi marks this significant milestone, Randy Haug, EVP/Co-Founder, reflected on the remarkable 35-year journey and looked back on the collective achievements that have propelled... Read Story
January 24, 2024, 07:22 AM


Varilease Finance, Inc. (dba VFI Corporate Finance), a finance firm that has specialized in equipment and project financing for decades, announced the closing of its second asset-backed securitization in the fourth quarter of 2023. This most recent... Read Story
January 24, 2024, 07:20 AM


Aequum Capital Financial LLC announced it closed $7,100,000 in credit facilities to support Kepler Capital's acquisition of a dominant regional heavy-duty commercial vehicle towing company. The credit facilities included a working capital revolver... Read Story
January 24, 2024, 07:18 AM


The Equipment Finance Cares Southern California event, hosted by Blue Street Capital, will be held on Tuesday, Feb. 20 from 1:30 p.m.-7 p.m. at Blue Street Capital’s headquarters in Huntington Beach, CA.“Equipment Finance Cares is excited to come... Read Story
January 24, 2024, 07:15 AM


Chesswood Group Limited announced it has initiated a review of strategic alternatives to maximize shareholder value. Chesswood is a North American specialty finance company providing commercial equipment leases and loans, automotive loans, home... Read Story
January 23, 2024, 07:20 AM


Syndifi Inc., a cloud-based syndication software provider tailored for the equipment finance Industry, announced Meridian OneCap Credit Corp. (One Cap), a provider of commercial equipment finance and leasing solutions for equipment dealers and end... Read Story
January 23, 2024, 07:18 AM


Northteq, Inc., a provider of Salesforce loan origination solutions, announced a range of new features and enhancements in its January Product Release. This release focuses on making operations smoother, expanding financial product options, and... Read Story
January 23, 2024, 07:15 AM


Alfa has announced the introduction of Total Originations for the U.S. auto finance market, setting a new standard for excellence and marking a significant milestone for efficiency and sophistication in auto finance software solutions.Total... Read Story
January 22, 2024, 07:00 AM


MMP Capital, a Long Island, NY-based equipment financing firm, announced record-breaking success in 2023. The company has grown with over $44 million in originations for December and $110 million in Q4 alone, giving way to a record year in 2023... Read Story
January 19, 2024, 07:25 AM


Commercial Capital Company, a provider of capital equipment financing to businesses and equipment vendors, announced it has exceeded its 2023 goal of $165 million in annual equipment cost financed.“Our goal is to ensure that Commercial Capital is a... Read Story
January 19, 2024, 07:12 AM


EPC, Inc., a subsidiary of CSI Leasing, Inc. and one of the world’s largest IT asset disposition (ITAD) providers, has expanded its footprint in the Southeast to accommodate its growing service offering.The company consolidated operations from its 64... Read Story
January 19, 2024, 07:10 AM


Verdant Commercial Capital recently completed the funding of the last of a portfolio of solar projects which were launched by EDPR NA Distributed Generation (EDPR NA DG) in a series of sale-leaseback transactions for distributed generation solar... Read Story
January 17, 2024, 07:00 AM


Full Skope, a loan origination technology company, formed a collaboration with 360 Equipment Finance, with the agreement between the organizations resulting in the launch of 360 Equipment Finance’s next-generation loan origination platform: SkopeLend... Read Story
January 16, 2024, 07:18 AM


Equipment Finance Cares (EF Cares) announced dates and locations for its 2024 events.“EF Cares continues to focus on the human side of the equipment finance industry,” said Jesse Johnson, President of Consult Disrupt and Founder of Equipment Finance... Read Story
January 10, 2024, 07:05 AM


North Mill Equipment Finance raised $20,000 in charitable contributions through the holiday season.  The proceeds will be distributed to Future 5, a platform that supports under-resourced high school students in Stamford, Connecticut, and Lucky Dog... Read Story
January 08, 2024, 07:15 AM


Equipment Finance Cares, a non-profit organization dedicated to supporting the equipment finance industry, announced the appointment of new advisory council members, reinforcing its commitment to driving positive change within the industry.New... Read Story
January 04, 2024, 07:15 AM


Commercial Credit Group Inc. (CCG), an independent commercial equipment finance company, announced the launch of a branded fuel card. Offered through a partnership with TransConnect Services (TCS), a leader in the fuel card industry, the card... Read Story
January 03, 2024, 07:08 AM


Sterling Infrastructure requested and received an amendment to its 2019 credit agreement that extends the maturity of the credit facility by 18-months to April of 2026.The size, economics and covenants of the amended credit agreement are... Read Story
January 02, 2024, 07:17 AM


With shipments totaling 68.5 million units in the third quarter of 2023, the global PC market managed to outperform expectations. But that volume was still down 7.2 percent compared to the same quarter in 2022, according to the International Data... Read Story
January 02, 2024, 07:10 AM


First Federal Bank announced the success of its 2023 First Federal Way campaign, which received contributions of $50,430 from employees. With the bank's match, a total of $100,900 is being donated to local non-profit agencies who make a significant... Read Story
January 02, 2024, 07:00 AM


First Business Bank announced it was selected as Winner in the category of Business Bank in the IB Executive Choice Awards. The IB Executive Choice Awards honor local business excellence in 38 business categories. Winners and finalists are selected... Read Story
December 28, 2023, 07:10 AM


Trinity Capital Inc., a provider of diversified financial solutions to growth-stage companies, announced the expansion of its Phoenix, AZ headquarters, reaffirming Trinity's longstanding commitment to the region as it continues to scale its... Read Story
December 22, 2023, 07:07 AM


Assurant, Inc., a global business services company that supports, protects, and connects major consumer purchases, as well as commercial equipment, announced EPG Insurance, which Assurant acquired in 2020, will be rebranded as Assurant Commercial... Read Story
December 21, 2023, 07:22 AM


Rinaldi Advisory Services announced a philanthropic partnership with MedShare. MedShare is a 501c(3) humanitarian aid organization dedicated to improving the quality of life of people, communities, and our planet by sourcing and directly delivering... Read Story
December 19, 2023, 07:23 AM


Leasepath, a software provider of commercial equipment finance platform technology, announced Apex Commercial Capital has successfully gone live with Leasepath Enterprise, the cloud-first equipment finance lifecycle platform powered by Microsoft... Read Story
December 19, 2023, 07:20 AM


Mitsubishi HC Capital America announced it has partnered with 954 Consultants LLC to provide a comprehensive supply chain financing solution to support their rapid expansion in the commercial and government sectors.Headquartered in Florida, 954... Read Story
December 15, 2023, 07:18 AM


LTi Technology Solutions (LTi), providers of lease and loan cloud technology to equipment and asset finance companies, announced they have donated over $6,500 to local Youth Emergency Services & the Love Life Now Foundation. Every year, LTi picks a... Read Story
December 14, 2023, 07:10 AM


Michael Doyle, Vice President – Asset-Based Lending at First Business Specialty Finance, LLC, a subsidiary of First Business Bank, announced a recently closed and funded $10,000,000 revolving line of credit and equipment term loan for the acquisition... Read Story
December 13, 2023, 07:12 AM


Fleet Advantage announced it has won the 2023 World Finance Innovation Award in the category of the “Most Innovative Company in the Transportation Industry.” This recognition underscores Fleet Advantage's commitment to and progress in revolutionizing... Read Story
December 13, 2023, 07:00 AM


First Citizens Bank announced CIT Northbridge Credit, as advised by First Citizens Institutional Asset Management, LLC, provided $85 million in financing to CVB Inc.Founded in 2003, CVB is the parent company to a leading mattress, bedding and... Read Story
December 12, 2023, 07:20 AM


F.N.B. Corporation and its banking subsidiary, First National Bank, continue to achieve regional and national honors as a workplace of choice. 2023 marks the second consecutive year that FNB has garnered Top Workplace designations in Charlotte, NC... Read Story
December 12, 2023, 07:12 AM


In the records of technological progress, change has always been a constant. However, recent years have witnessed an acceleration, marked by the confluence of three transformative phenomena: the rise of Generation Z, the electrification of vehicles... Read Story
December 12, 2023, 07:05 AM


As the transition to electric vehicles (EVs) continues, industry experts at Mitsubishi HC Capital America expect the pace of adoption to pick up in 2024, all while continued challenges and changes in regulation, labor and the incentive, rebate and... Read Story
December 11, 2023, 07:22 AM


Dext Capital, known for its expertise in healthcare equipment financing plans is expanding into a group of diverse industries. This strategic move reflects Dext Capital's commitment to extend its support beyond the healthcare sector leveraging its... Read Story
December 11, 2023, 07:18 AM


First Business Bank’s Floorplan Financing funded a $22 million inventory floorplan line of credit for a large independent car dealership in Texas.The new client, a family-run business, was impressed by the Floorplan Financing team's response time and... Read Story
December 08, 2023, 07:18 AM


Fleet Advantage announced it has been recognized as a top five overall winner of Food Logistics and Supply & Demand Chain Executive’s 2023 Top Software & Technology Providers Award for the tenth straight year. As the supply chain software and... Read Story
December 08, 2023, 07:10 AM


In the first of six releases that make up Alfa Systems 6, leading-edge technology meets user-centric innovation to enhance efficiency across the enterprise.Alfa, a leader in asset finance technology solutions, announced the first of six releases in... Read Story
December 08, 2023, 07:01 AM


The RSM US Middle Market Business Index (MMBI), presented by RSM US LLP (RSM) in partnership with the U.S. Chamber of Commerce, increased to 132.9 in the fourth quarter from 129.6 in the previous quarter on a seasonally adjusted basis. The MMBI... Read Story
December 07, 2023, 07:22 AM


Jupiter Financial, a provider of commercial equipment financing solutions, announced its strategic rebranding as Jupiter Equipment Finance. This rebranding reflects the company’s unwavering commitment to providing top-tier equipment financing... Read Story
December 07, 2023, 07:17 AM


First Citizens Bank announced its Middle Market Banking business provided $10 million in financing to FitLife Brands Inc., a provider of innovative and proprietary nutritional supplements and wellness products, for the strategic acquisition of the... Read Story
December 07, 2023, 07:15 AM


TopMark Funding, a funding destination for commercial vehicle dealerships and small to midsize fleets, closed the third quarter of 2023 with a slight increase in the total number of funded transactions from the previous quarter and 8.6 percent... Read Story
December 07, 2023, 07:00 AM


LTi Technology Solutions (LTi), providing a lease and loan cloud platform to equipment finance companies, announced that Triangle Equipment Finance is live on LTi’s ASPIRE Express platform. Triangle was in the search of a software provider that would... Read Story
December 06, 2023, 07:10 AM


Solifi announced that Kristie Kosobuski, Solifi’s Senior Director of Product Management, has been recognized as one of the Top 50 Women in Equipment Finance by Monitor. “Kristie has always demonstrated a genuine passion for both the equipment finance... Read Story
December 06, 2023, 07:08 AM


First Citizens Bank announced CIT Northbridge Credit, as advised by First Citizens Institutional Asset Management LLC, served as administrative agent on a $75 million revolving credit facility for Stella & Chewy's LLC.Headquartered in Oak Creek, WI... Read Story
December 06, 2023, 07:05 AM


Corcentric, a global provider of procurement and finance solutions, and International Motorcoach Group (IMG), a motorcoach operator network in North America, announced IMG’s collective procurement spend through Corcentric’s Fleet Procurement Services... Read Story
December 06, 2023, 07:00 AM


On the close of a year filled with economic recovery, fluctuation and uncertainty, Mitsubishi HC Capital America, the largest non-bank, non-captive finance provider in North America, is identifying five trends that are likely to play a significant... Read Story
December 05, 2023, 07:20 AM


QuickFi is honored to win the 2023 Banking Tech Awards– Best Embedded Finance System at the London based Banking Technology Awards.  The Banking Technology Awards recognize companies that make an impact with their innovative solutions, exceptional... Read Story
December 04, 2023, 07:22 AM


Ryder System, Inc., announced the company’s annual United Way workplace campaign contributions for 2023 totaled $1.1 million—setting another record in the company’s more than 40-year history supporting United Way. The 2023 donation includes employee... Read Story
December 01, 2023, 07:00 AM


Yieldstreet, a private markets investing platform, and Garrington Capital US Corp. (Garrington), a provider of capital solutions to small- and mid-sized enterprises in the United States and Canada, announce a new joint venture focused on... Read Story
November 29, 2023, 07:23 AM


Liventus, with its unwavering commitment to supporting rare disease research, was honored to be part of the successful 2023 Venture Into Cures event by EB Research Partnership. Liventus was a champion sponsor of the event under the leadership of... Read Story
November 29, 2023, 07:00 AM


Northteq, Inc., a provider of Salesforce loan origination solutions and equipment finance software, announced a stock purchase investment from Arthur Ventures, a Minnesota-based venture capital firm specializing in growing B2B software companies. The... Read Story
November 28, 2023, 07:23 AM


Wells Fargo announced its formal plans to expand its Hudson Yards office footprint and create a better, more collaborative employee experience with the purchase of additional space at Hudson Yards. This transaction represents a significant investment... Read Story
November 28, 2023, 07:10 AM


DLL, a global financial provider, and Willerby, the UK's premier manufacturer of holiday homes, announced a partnership aimed at driving sustainability and innovation in the holiday home industry.Willerby has solidified its reputation as the go-to... Read Story
November 27, 2023, 07:20 AM


This GivingTuesday, Crossroads Equipment Lease and Finance will once again inspire generosity throughout its organization by matching its employee donations up to $1,500 to the charity of their choice.GivingTuesday is a global generosity movement... Read Story
November 27, 2023, 07:10 AM


Equipment Finance Cares (EF Cares) held its fifth event of 2023 in Scottsdale, AZ. Over 40 equipment finance professionals attended, representing 24 different organizations.“Thank you Ascentium Capital for hosting our final event of 2024,” said Jesse... Read Story
November 22, 2023, 07:15 AM


Blue Bird Corporation, the leader in electric and low-emission school buses, announced that on Nov. 17, 2023 the Company completed the refinancing of its credit facilities and entered into a new five-year credit agreement with a syndicate of... Read Story
November 21, 2023, 07:05 AM


Phoenix Management, a part of J.S. Held “Lending Climate in America” third quarter survey results reveals increased optimism in the economy despite some contradicting underlying factors.Phoenix’s Q3 2023 “Lending Climate in America” survey asked... Read Story
November 20, 2023, 07:12 AM


Valley National Bank, the wholly-owned subsidiary of Valley National Bancorp, closed a $130 million senior revolving credit facility to Access Capital, a commercial lender to the staffing industry. The three year facility includes a $30 million... Read Story
November 20, 2023, 07:00 AM


Revolv, a full-service provider of electric commercial fleets, announced it has raised $25 million in equity project financing to fund the deployment of fleet electrification projects in the United States. Made possible by a commitment from... Read Story
November 16, 2023, 07:11 AM


Sudhir Amembal, an affiliate of Rinaldi Advisory Services and CEO of Amembal & Halladay, conducted a webinar on Nov. 14 entitled, "The 30 Extraordinary Benefits of Leasing!"  The one-hour webinar attracted a diverse group of attendees, which included... Read Story
November 15, 2023, 07:10 AM


PEAC Solutions, a multi-national asset finance platform, received the 2023 “Distribution Channel Management Champion” Award from Leasing Life, one of the top leasing industry journals in Europe, during the Leasing Life Conference & Awards in Budapest... Read Story
November 14, 2023, 07:24 AM


Leasepath, the software provider of commercial equipment finance platform technology, announced RayTech Servicing, a provider of outsourcing and asset management solutions for the equipment, vehicle and renewable energy finance industries, has... Read Story
November 14, 2023, 07:15 AM


DLL received the 2023 Circular Economy Model Award from Leasing Life, one of the top leasing industry journals in Europe, during the 20th Leasing Life Conference & Awards event in Budapest, Hungary.Current market trends show a transition from... Read Story
November 13, 2023, 07:18 AM


MMP Capital, an equipment finance company based on Long Island, NY, has kicked off Q4 with an impressive $38.5 million in originations for the month of October. This comes after a successful third quarter of sales where the company noted a solid 12... Read Story
November 10, 2023, 07:25 AM


South End Capital, a division of Stearns Bank N.A. reported robust equipment financing activities for the month of October.Key October Funding Highlights:Number of Financings: 658Total Financings: $46 millionSouth End Capital's customized term and... Read Story
November 08, 2023, 07:12 AM


Broad Fit Financial, a provider of financing solutions for the health, wellness, sports and fitness industries, has been certified by the Women’s Business Enterprise National Council (WBENC) as a Women’s Business Enterprise (WBE). The WBENC... Read Story
November 08, 2023, 07:10 AM


Inovatec Systems, a provider of cloud-based software solutions for lenders, announced it has successfully completed the SOC 1 and SOC 2 financial reporting and compliance examinations, in compliance with industry-wide data privacy and information... Read Story
November 08, 2023, 07:05 AM


Wolters Kluwer announced new analysis from its Equipment Lease Finance Digital Transformation Index, a key resource that tracks the rate at which equipment lessors and service providers are seeing growth in the evolution from paper-based finance back... Read Story
November 07, 2023, 07:15 AM


Amur Equipment Finance, Inc. (Amur) announced the completion of its strongest October originations performance and one of its strongest origination months in company history.“Our exciting results are a product of the incredible collective effort of... Read Story
November 06, 2023, 07:25 AM


Loeb's clients continue to prosper thanks to its commitment to support companies in transitional financial states. In Q3 of 2023 alone, Loeb funded more than $12 million in machinery and equipment term loans. By extracting working capital from their... Read Story
November 06, 2023, 07:18 AM


Meridian Leasing announces the launch of TrueFlex Finance, a family of offerings that provide complete flexibility for equipment financing.TrueFlex Finance is made up of six distinct and powerful products. Through any combination of these products... Read Story
November 03, 2023, 07:20 AM


Nations Capital (NCI), a Gordon Brothers company and an asset management and advisory firm focused on opportunistic investments and asset remarketing, together with Ritchie Bros. Auctioneers (Ritchie Bros.) have received bankruptcy court approval to... Read Story
November 03, 2023, 07:15 AM


Trailcon Leasing Inc., a provider of trailer leasing, rental and maintenance services, announced the grand opening of its latest facility in Balzac, AB.This new location showcases designated trailer parking spots, multiple service bays, and mobile... Read Story
November 03, 2023, 07:10 AM


Solifi, a global fintech software partner for secured finance, announced the latest product releases for Solifi Originations ROS and Portfolio Management ILS for equipment finance. The new software releases bring significant new value to equipment... Read Story
November 02, 2023, 07:25 AM


Equipment finance consulting firm TomorrowZone and Tamarack Technology, Inc., have entered into a strategic partnership to collaborate on programs and initiatives that advance innovation and the adoption of new technology with customers in the... Read Story
November 02, 2023, 07:20 AM


The Equipment Finance Cares event, hosted by Ascentium Capital, will be held on Wednesday, Nov.15 from 1:30 p.m.-7 p.m. in Scottsdale, AZ.“Equipment Finance Cares is excited to bring our platform to Phoenix,” said Jesse Johnson, President of Consult... Read Story
November 02, 2023, 07:10 AM


Chesswood Group Limited, a specialty finance company with 40 years of experience in the commercial equipment finance market, and Wafra Inc., a global alternative investment firm, announced an agreement forming a joint venture partnership between... Read Story
November 01, 2023, 07:23 AM


Sudhir Amembal, Chairman & CEO of Amembal & Halladay, will be conducting a free webinar on Nov. 14 at 9 a.m. PT, 10 a.m. MT, 11 a.m. CT and 12 p.m. ET. The webinar is entitled "The 30 Extraordinary Benefits of Leasing!".The approximately 60-minute... Read Story
November 01, 2023, 07:15 AM


Five business leaders were honored for their contributions to the global economy when they were inducted into Arizona State University's W. P. Carey School of Business Alumni Hall of Fame. The inductees included Midland Equipment Finance President... Read Story
November 01, 2023, 07:07 AM


Solifi, a global fintech software partner for secured finance, announced the latest product enhancements for Solifi ABL. The releases include several new features aimed at improving efficiency through automation, reporting, and customer... Read Story
October 31, 2023, 07:15 AM


Inc. Business Media announced the second annual Power Partner Awards, honoring B2B organizations across the globe that have proven track records supporting entrepreneurs and helping startups grow. The list recognizes 389 firms in marketing and... Read Story
October 31, 2023, 07:05 AM


Inovatec Systems, a provider of industry-leading cloud-based software solutions for lenders, announced it has partnered with Pllenty, a PCI-compliant provider of embedded payments and workflow solutions. Through this relationship, Inovatec will offer... Read Story
October 30, 2023, 07:10 AM


Sumitomo Mitsui Banking Corporation (SMBC), a member of SMBC Group, announced the opening of a representative office in Washington, DC to deepen ties with key stakeholders in the nation’s capital as the bank continues to expand its support of the U.S... Read Story
October 26, 2023, 07:05 AM


Rising real interest rates are pushing up the cost of commercial and industrial loans, making it harder for middle-market businesses to meet payrolls and finance their expansion, according to the RSM US Middle Market Business Index (MMBI) Funding... Read Story
October 24, 2023, 07:15 AM


LTi Technology Solutions (LTi), providers of lease and loan cloud technology to equipment and asset finance companies, announced a technology partnership with Capteris Capital, working together for a shared commitment to their digital transformation... Read Story
October 24, 2023, 07:10 AM


Dext Capital announces it has achieved $1 billion in new originations over its first five years of business operations.The milestone underscores Dext Capital’s reputation as a reliable direct lender providing expert, flexible financing solutions to... Read Story
October 23, 2023, 07:23 AM


Crossroads Equipment Lease and Finance announced a new partnership with TruckTractorTrail.com (TTT), an online marketplace designed to connect buyers and sellers of commercial transportation equipment.This strategic collaboration represents a growth... Read Story
October 23, 2023, 07:15 AM


Clarus Capital announced it completed an add-on to an existing equipment lease facility for a multi- sponsor backed specialty logistics services provider. Incremental proceeds from the lease facility, now totaling $40 million, will continue to... Read Story
October 23, 2023, 07:10 AM


Capteris LLC announced the closing of a $15 million term loan with a major North American logistics solutions provider. The loan was part of a larger refinancing package by which Capteris was able to provide an attractive debt solution that allowed... Read Story
October 23, 2023, 07:05 AM


Verdant Commercial Capital announced the company has surpassed $2 billion in equipment financing originations since the company’s inception in 2017. This milestone means the company has reached its second billion in half the time it took to reach its... Read Story
October 20, 2023, 07:24 AM


Cohn & Dussi, a full-service law firm with its principal office in Boston, has been named to the Great Places to Work list by The Secured Lender for the second year in a row.The Secured Lender is published by SFNet, an industry organization that... Read Story
October 20, 2023, 07:18 AM


CWB Financial Group (CWB) announced it will move its national headquarters to Manulife Place in downtown Edmonton. Renovations will take place in the award-winning tower and will include naming rights and crown signage for CWB.CWB selected the former... Read Story
October 20, 2023, 07:10 AM


Tamarack Technology has collaborated with Rinaldi Advisory Services (RAS) to launch Executive Advisory Insight Reports (ExecutiveAIR). The combination of Tamarack’s business intelligence and AI product suite with RAS’ unique analysis tools provides a... Read Story
October 19, 2023, 07:22 AM


Leasepath, the cloud-first Equipment Finance lifecycle platform powered by Microsoft Dynamics 365 and the Power Platform, announced it has entered into a strategic engagement with Great American Insurance Group’s Specialty Equipment Division, a... Read Story
October 19, 2023, 07:20 AM


First Citizens Bank announced its CIT Commercial Services subsidiary, a national leader in factoring, credit protection and accounts receivable management solutions, recently closed three major client financing transactions.CIT Commercial Services... Read Story
October 19, 2023, 07:10 AM


Trnsact Inc., a software platform in the commercial equipment finance industry, announced the company has processed over $1 billion transaction requests on its Software-as-a-Service platform.Trnsact platform enables thousands of on-road and off-road... Read Story
October 19, 2023, 07:05 AM


Maxim Commercial Capital announced robust demand across its diverse financing programs for the third quarter of 2023. The hard asset secured lender reported a 100 percent year-over-year increase in truck financings for the period. Furthermore, it... Read Story
October 18, 2023, 07:15 AM


Inovatec Systems, a provider of industry-leading cloud-based software solutions for lenders, announced it will exhibit its loan origination, loan management, and customer-direct portal solutions at the Auto Finance Summit 2023. A premier event for... Read Story
October 17, 2023, 07:00 AM


Alfa announced the upcoming launch of Alfa Systems 6 - a breakthrough iteration of its software platform.Delivered in a series of releases over the coming year, Alfa Systems 6 introduces significant performance and functional enhancements, with a... Read Story
October 13, 2023, 07:00 AM


Notes issued by Commercial Equipment Finance 2021-A, LLC, the securitization affiliate of Commercial Equipment Finance, Inc (CEFI), were upgraded by DBRS, Inc. (DBRS Morningstar) as follows: Class A Notes upgraded to AAA (sf) from AA (high)... Read Story
October 13, 2023, 06:00 AM


Equify Financial announced the successful closing of its latest securitization, EQFY 2023-1. The total value of the securitization reached an impressive $157,991,000 in large ticket equipment notes.Through the guidance of, ATLAS SP PARTNERS, Equify... Read Story
October 12, 2023, 07:15 AM


Ivory Consulting proudly celebrates its 40th anniversary as a pioneer in the equipment finance industry. Over the last four decades, Ivory Consulting has transformed into the industry’s premier provider for equipment lease and loan pricing, portfolio... Read Story
October 12, 2023, 07:12 AM


KBRA assigns preliminary ratings to four classes of notes issued by VFI ABS 2023-1, LLC (VFI 2023-1), an equipment ABS transaction.Varilease Finance (VFI or the Company), founded in 2001 and headquartered in Salt Lake City, Utah, is an independent... Read Story
October 12, 2023, 07:00 AM


Global consulting firm J.S. Held announced expanded corporate finance and investment banking expertise with the acquisition of Phoenix Management, providing operationally focused turnaround, transaction, strategic growth investor services, and... Read Story
October 12, 2023, 06:14 AM


Auxilior Capital Partners was named the third-fastest growing company in Greater Philadelphia last week as part of the Philadelphia Business Journal's annual Soaring 76 list, which identifies the 76 fastest-growing companies in the region.Auxilior... Read Story
October 11, 2023, 07:03 AM


Solifi announced The Secured Lender named Solifi on its 2023 Great Places to Work list. This recognition is testament to Solifi’s commitment to attract and retain talent by offering an employee value proposition that includes opportunities to learn... Read Story
October 10, 2023, 07:10 AM


Alfa announced the fifth and final installment in its Innovation in Implementation series. Establishing Winning Frameworks and Teams explores the indispensable role of people in mitigating the risks associated with large and complex technology... Read Story
October 10, 2023, 06:10 AM


Cummins announced the election of Daniel W. Fisher to its Board of Directors.Fisher is the Chairman and Chief Executive Officer of Ball Corporation, where he has spent the last 13 years of his career. Prior to becoming CEO, Fisher served as President... Read Story
October 10, 2023, 06:00 AM


CSC has been awarded a Top Workplaces 2023 honor for the 17th consecutive year by The News Journal. This honor makes CSC the oldest, continuous Top Workplace in the United States and the only 17-time winner. The list is based solely on anonymous... Read Story
October 10, 2023, 05:00 AM


Versana has surpassed a key milestone of more than 1,500 syndicated loan facilities and approximately $900 billion in global loan commitments on its transformative, real-time digital data platform in less than a year since its product launch.The... Read Story
October 09, 2023, 07:00 AM


ACME Credit Partners, a newly launched New York-based credit-focused investment firm, will provide creative liquidity solutions to the lower middle market.ACME Credit Partners is led by Peter Eschmann and Jay Rogers — both former Managing Directors... Read Story
October 09, 2023, 06:50 AM


Bloomberg reported private debt defaults will reach 5% by early 2024 as portfolios see an estimated one-third of deals come due in the next two-and-a-half years, according to a new report from Bank of America credit strategists Neha Khoda and Dong Ba... Read Story
October 06, 2023, 08:00 AM


Digital transformation can affect all aspects of a business, and middle market firms are taking it seriously, according to the RSM US Middle Market Business Index (MMBI) Digital Transformation Special Report, presented by RSM US LLP ("RSM") in... Read Story
October 06, 2023, 07:55 AM


Wolters Kluwer Finance, Risk & Regulatory Reporting (FRR), part of Wolters Kluwer’s Corporate Performance and ESG (CP & ESG) division, will showcase the capabilities to meet Capital Requirements Regulation (CRR) III and Basel IV requirements at its... Read Story
October 06, 2023, 07:00 AM


Ivory Consulting Corporation announced that Redaptive Capital has selected SuperTRUMP Web. Redaptive Capital, renowned for its innovative Energy-as-a-Service offerings and expertise in crafting flexible capital solutions, empowers global... Read Story
October 05, 2023, 07:28 AM


QuickFi is a finalist in two categories in the London-based 2023 Banking Technology Awards: Best Embedded Finance System & Best Digital Solution Provider - LendTech. QuickFi was recognized as a Best Embedded Finance System used by banks and OEMs as... Read Story
October 04, 2023, 06:45 AM


OpsHub helped CSI Leasing transition smoothly from their 2018 version of TFS to the 2020 Azure DevOps Server version. The migration was executed with no disruptions, ensuring a smooth cut-over and full preservation of historical data.As companies... Read Story
October 04, 2023, 06:00 AM


Solifi, a global fintech software partner for secured finance, announced the latest product enhancements for its wholesale finance solution. The 2023 releases include several new features designed to provide North American customers with an enhanced... Read Story
October 03, 2023, 07:28 AM


Leasepath, a leading software provider specializing in Commercial Equipment Finance Origination software, announced the general availability of Leasepath Enterprise, the cloud-first equipment finance lifecycle management platform powered by Microsoft... Read Story
October 03, 2023, 07:15 AM


The law firm of Moritt Hock & Hamroff has been recognized as one of Long Island Business News' Inaugural 2023 Empowering Women Honorees for its commitment to the growth and advancement of women, cultivation of diverse and inclusive communities and... Read Story
October 03, 2023, 07:07 AM


Fleet Advantage unveiled its new logo, visual identity including a new corporate video, and a new tagline, “Asset Management Reimagined,” marking a significant milestone in the company’s evolution. The company’s refreshed identity is a celebration of... Read Story
October 03, 2023, 06:00 AM


U.S. corporate finance leaders have firmly pivoted their focus from revenue growth to cost control as they navigate through an uncertain economic environment and rapidly changing business landscape, according to the 2023 U.S. Bank CFO Insights Report... Read Story
October 02, 2023, 07:15 AM


Syndifi announced its newest partnership with First Business Specialty Finance, a wholly owned subsidiary of First Business Bank. First Business Specialty Finance will use Syndifi’s platform to digitize their overall loan syndication processes and... Read Story
October 02, 2023, 06:34 AM


Velocity Equipment Finance, an operating division of TransPecos Banks, SSB, has entered into a strategic funding agreement with Targeted Lending Co., LLC.With the financial strength of Velocity’s innovative, bank-owned platform, the agreement will... Read Story
September 28, 2023, 07:18 AM


Confidence in the asset-based lending market in the second quarter was driven by hopes of a soft landing for the U.S. economy, according to data released by the Secured Finance Network. But lingering headwinds and recession risks still must be taken... Read Story
September 28, 2023, 07:15 AM


The law firm of Moritt Hock & Hamroff announced that Terese Arenth, Leslie Berkoff, Ted Berkowitz, Michael Cardello,  James Chou, David Cohen, Robert Cohen, Theresa Driscoll, Andrew Eckstein, David Fitzhenry, Robert Fryman, Julia Gavrilov, Stephen... Read Story
September 28, 2023, 07:03 AM


Patricia Voorhees, a director with The Alta Group, will lead a panel discussion on the rapidly developing climate finance market at the Equipment Leasing and Finance Association’s 62ndannual convention here Oct. 22-24.  Climate-focused equipment is... Read Story
September 27, 2023, 07:14 AM


Alfa, provider of Alfa Systems, has received validation for its science-based targets and reaffirmed its commitment to achieve net-zero emissions by 2030. The Science Based Targets initiative (SBTi) validated Alfa’s submission via the SME route... Read Story
September 26, 2023, 06:00 AM


Liventus announced its spot at number 35 in the prestigious Crain's Best Places to Work in Chicago 2023 list. This recognition by Crain’s Chicago Business, a premier and trusted source for regional business insights, underscores Liventus’ thriving... Read Story
September 25, 2023, 06:00 AM


North Mill Equipment Finance LLC (NMEF), an independent commercial equipment lender located in Norwalk, CT, announced the closing of its seventh asset backed securitization (ABS), NMEF Funding 2023-A. The $456 million transaction is NMEF’s first ABS... Read Story
September 22, 2023, 07:24 AM


LeasePoint Funding Group, a fintech company specializing in equipment financing, announced its recent recognitions on business growth lists. The company ranked No. 180 on the Inc. 5000 list of the fastest-growing businesses in the nation. This... Read Story
September 22, 2023, 07:18 AM


Equipment Finance Cares (EF Cares) held its fourth event of 2023 this last week in Chicago, IL. Over 50 equipment finance professionals attended, representing 33 different organizations. “The Syndifi team was an amazing host to our first EF Cares... Read Story
September 22, 2023, 07:10 AM


Equipment Depot, America's largest independently operated material handling and equipment rental source, announced it is on track to meet its aggressive financial growth goal: to reach a billion dollars in revenue within five years.In 2020, Equipment... Read Story
September 22, 2023, 07:00 AM


XS Financial Inc., a specialty finance company providing CAPEX and equipment financing solutions to cannabis companies in the United States, announced it has entered into a $15 million line of credit (Credit Facility) with bank lenders. Loans made... Read Story
September 21, 2023, 07:00 AM


HP announced two new finance partner endorsements aimed at equipping U.S. channel partners and customers with innovative, flexible payment solutions for the small and mid-sized business (SMB) segment. These endorsements include LEAF Commercial... Read Story
September 20, 2023, 07:22 AM


Fleet Advantage announced Chief Marketing Officer Katerina Jones, Marketing Manager Elizabeth Gomez and Marketing Assistant Tracy Derival were recipients of the Food Logistics and Supply & Demand Chain Executive 2023 Women in Supply Chain Award.Food... Read Story
September 20, 2023, 07:05 AM


EquipmentShare.com Inc, one of the fastest growing integrated equipment rental and equipment asset management companies in the United States, announced its intention to offer, in a private offering, subject to market and other conditions, an... Read Story
September 19, 2023, 07:10 AM


Visa released its first-ever 2023-2024 Growth Corporates Working Capital Index (WCI). The study surveyed CFOs and treasurers of growth corporates, organizations that have unique needs and capabilities but often fall through the cracks between small... Read Story
September 19, 2023, 07:00 AM


Friendly Hills Bancorp, the holding company for First Pacific Bank (the Bank) announced it has completed its corporate rebranding and officially changed its name to First Pacific Bancorp. The name of the company’s wholly owned subsidiary was changed... Read Story
September 18, 2023, 07:18 AM


Alfa, the makers of Alfa Systems, has announced new functionality to help its customers track and report their portfolios’ Scope 3 greenhouse gas emissions.A complementary add-on for current and prospective Alfa customers, Scope 3 Reporting in Alfa... Read Story
September 18, 2023, 07:00 AM


Xerox Holdings Corporation and PEAC Solutions have expanded their partnership for the provision of certain leasing and financial services programs to Xerox’s FITTLE network of independent dealers and resellers.The FITTLE business and Xerox Financial... Read Story
September 15, 2023, 07:25 AM


Great American Insurance Group Specialty Equipment Division and TrustLayer announce the launch of a real-time tracking solution for the equipment finance industry. This enhances the API-driven coverage solutions that Great American Specialty... Read Story
September 15, 2023, 07:18 AM


Assurant, Inc., a global business services company that supports, protects and connects major consumer purchases as well as commercial equipment, has been recognized on the TIME list of World’s Best Companies 2023. This prestigious award is presented... Read Story
September 14, 2023, 07:19 AM


First Business Bank’s Floorplan Financing team announced it funded a $6 million inventory floorplan line of credit for a thriving Virginia-based independent car dealership, the largest in their respective market.First Business Bank’s Floorplan... Read Story
September 14, 2023, 07:05 AM


Xactus, a provider of business data and intelligent insights to the equipment leasing/finance industry, announced it is now offering credit reports from PayNet, powered by Equifax.PayNet provides data on small and medium-sized businesses through its... Read Story
September 14, 2023, 07:00 AM


QuickFi won the 2023 Finovate Awards – Best Embedded Finance Solution by Finovate, a global fintech event series and digital engagement platform. QuickFi was also selected as a finalist for Best Financial Mobile App.The awards presented at Finovate... Read Story
September 13, 2023, 07:23 AM


CSI Renting de Tecnología S.A.U., a wholly owned subsidiary of CSI Leasing, Inc., announced it has opened EPC Global Solutions Spain S.L., a specialized IT Asset Disposition (ITAD) facility focused on the refurbishment and remarketing of used IT... Read Story
September 13, 2023, 07:05 AM


Northteq, Inc., a provider of Salesforce loan origination solutions, announced upgrades to its Aurora platform. Embracing AI technology and user-centric design, these updates once again emphasize Northteq's commitment to driving fintech forward in... Read Story
September 12, 2023, 07:20 AM


Fortune and Great Place to Work have honored First American Equipment Finance as one of the 2023 Best Workplaces in Financial Services & Insurance (under 1,000 FTE). This is First American’s seventh time being named to this nationwide list, this year... Read Story
September 12, 2023, 07:05 AM


Solifi, a global fintech software partner for secured finance firms, announced it was named among the top 100 on the 2023 IDC FinTech Rankings. The 20th annual vendor ranking recognizes the world’s top 100 leading hardware, software, and service... Read Story
September 11, 2023, 07:23 AM


U.S. veterans launched the Wounded Warrior Project in the aftermath of terrorist attacks against the nation on September 11, 2001 and military actions that followed. Their goal: to honor and empower wounded military personnel. In preparation for... Read Story
September 11, 2023, 07:12 AM


PNC's latest semi-annual survey of small and mid-sized businesses, which concluded Aug. 9, shows that business owner optimism about the outlook for their own business in the next six months has reached a 21-year high amid strong expectations for... Read Story
September 08, 2023, 07:20 AM


First Horizon Corp. earned its place on the Forbes list of Best-in-State Employers 2023. This recognition is presented by Forbes and Statista Inc.America's Best-in-State Employers 2023 were identified based on 2.1 million employer recommendations... Read Story
September 08, 2023, 07:18 AM


Insight Financial Services (IFS), a division of Insight Investments, LLC, announced it has achieved its eighth consecutive completion and recertification of the Service Organization Control (SOC) 1 Type 2 Audit.The latest audit verifies that IFS’... Read Story
September 08, 2023, 07:07 AM


Solifi, a global fintech software partner for secured finance, announced Access Capital, a privately owned asset-based lending firm based in New York City, has upgraded from its on-premise system to Solifi ABL on Open Finance Platform. In addition to... Read Story
September 07, 2023, 07:20 AM


Inovatec Systems, a provider of cloud-based software solutions for lenders, announced it has created a relationship with VeriFast, a provider of AI-driven verification and authentication solutions, to offer accurate and secure identification and... Read Story
September 07, 2023, 07:05 AM


Hyster-Yale Group (HYG), a wholly owned operating subsidiary of Hyster-Yale Materials Handling, Inc., has expanded its partnership with DLL, a global vendor finance company, into Canada to support its independent dealer network with financial... Read Story
September 06, 2023, 07:22 AM


Commercial Credit, Inc., parent company of Commercial Credit Group Inc., Commercial Funding Inc., and Keystone Equipment Finance Corp., has been named to the Business North Carolina Mid-Market Fast 40 List for the 11th time. To qualify, a company... Read Story
September 06, 2023, 07:05 AM


Evan Wilkoff announced the relaunch of Hembstead Capital LLC, a strategic advisory firm based in Charlotte, NC.Hembstead Capital, LLC is a boutique strategic advisory firm providing capital markets and financing expertise to the Specialty Finance... Read Story
September 01, 2023, 07:25 AM


Tamarack Technology, Inc., a provider of business intelligence and artificial intelligence (AI)-based automation products and software integration services, has entered into a strategic partnership with the renowned equipment finance consulting firm... Read Story
August 30, 2023, 07:25 AM


Channel announced the company has earned a place on the Inc. 5000 annual list of the fastest-growing private companies in America for an 11th consecutive year. The prestigious ranking provides a data-driven look at the most successful companies... Read Story
August 29, 2023, 07:23 AM


The Equipment Finance Cares Chicago event, hosted by Syndifi, will be held on Tuesday, Sept. 19 from 1:30 p.m.-7 p.m. at the University Club of Chicago. “Equipment Finance Cares is excited to bring our platform to Chicago,” said Jesse Johnson... Read Story
August 29, 2023, 07:05 AM


First Horizon Corporation announced Chairman, President and Chief Executive Officer Bryan Jordan will participate at the Barclays Global Financial Services Conference on Sept. 12, at 9 a.m. ET.A live webcast of the event along with an audio replay... Read Story
August 28, 2023, 07:19 AM


North Mill Equipment Finance LLC (NMEF), an independent commercial equipment lender headquartered in Norwalk, CT, announced the company joined the prestigious Inc. 5000 annual list of fastest growing private businesses in the US. A first-time honoree... Read Story
August 25, 2023, 07:20 AM


Inc. revealed Leasepath ranks in the top half of the 2023 Inc. 5000, its annual list of the fastest-growing private companies in America. The prestigious ranking provides a data-driven look at the most successful companies within the economy’s most... Read Story
August 24, 2023, 07:20 AM


Alfa, a provider of software for the asset finance industry, announced the completion of the Amazon Web Services (AWS) Foundational Technical Review (FTR) for Alfa Cloud, its single-tenant Software-as-a-Service product, and subsequent acceptance into... Read Story
August 22, 2023, 07:12 AM


First Citizens Bank announced its CIT Commercial Services subsidiary has completed a $6.5 million credit facility with a California-based home furnishings and apparel importer.Under the agreement, CIT Commercial Services will also take the lead in... Read Story
August 22, 2023, 07:10 AM


LTi Technology Solutions (LTi) announced its ongoing technology partnership and collaboration with Modern Rail Capital (MRC), providing a technology transformation, moving from LTi’s LeasePlus to its cloud lease and loan technology platform – ASPIRE.... Read Story
August 21, 2023, 07:18 AM


PNC FIG Advisory, part of PNC Capital Markets LLC, announced an expansion to its client offerings through the introduction of PNC Asset Exchange, an online loan resource and marketplace for financial institutions. PNC Asset Exchange is powered by... Read Story
August 17, 2023, 07:18 AM


Inc. 5000 has announced its 2023 list of the fastest-growing private companies in America, and Oakmont Capital Services ranks No. 1622. The prestigious ranking provides a data-driven look at the most successful companies within the economy’s most... Read Story
August 16, 2023, 07:19 AM


SLIM Capital, headquartered in Beverly Hills, CA, announced its exceptional mid-year performance for the first half of 2023. This achievement is highlighted by substantial growth in both deal origination and funding. The company has achieved a... Read Story
August 15, 2023, 07:18 AM


Equipment Finance Cares (EF Cares) held its inaugural EF Cares Charity Golf Tournament last week at the Rockland Country Club in Sparkill, NY. Over 100 equipment finance professionals attended, representing 54 different organizations.“We were excited... Read Story
August 15, 2023, 07:05 AM


Hut 8 Mining Corp., a digital asset mining pioneer and high-performance computing infrastructure provider, announced it has entered into a transaction support agreement with Macquarie Equipment Finance Ltd., a subsidiary of Macquarie Group Limited... Read Story
August 14, 2023, 07:20 AM


Amerisource Business Capital closed and funded a $10,000,000 senior revolving credit facility and real estate term loan for a Florida-based green waste disposal company. The proceeds were used to refinance existing bank debt and to provide ongoing... Read Story
August 14, 2023, 07:10 AM


Gestalt Tech, a provider of out-of-the-box data warehousing solutions for lenders, announced it has partnered with Inovatec to give lenders using Inovatec Systems’s proven LOS and LMS solutions all the benefits of a complete data warehouse without... Read Story
August 14, 2023, 07:05 AM


DLL announced the launch of its new healthcare financing podcast, “The Pulse.” Lauren Baingo, a DLL Program Manager with expertise in the healthcare industry, will host the podcast and discuss topics impacting the world of healthcare finance and... Read Story
August 11, 2023, 07:18 AM


IOU Financial Inc. announced it has delivered a notice to North Mill Equipment Finance LLC ("NMEF") advising NMEF of its determination that the non-binding, indicative unsolicited proposal (the "NMEF Proposal") received from NMEF to acquire all of... Read Story
August 10, 2023, 07:22 AM


First Horizon Corp. has been recognized by Forbes Magazine as one of America's Best Large Employers. Forbes partnered with the market research firm Statista to compile a list of America's Best Large Employers. The ranking is based on a survey of... Read Story
August 10, 2023, 07:20 AM


Great American Insurance Group’s Specialty Equipment Division announced the availability of an embedded coverage solution to equipment finance companies using Salesforce. This technology makes insurance solutions available at any point in the leasing... Read Story
August 09, 2023, 07:23 AM


Solifi, a global fintech software partner for secured finance, announced Merchant West Group, a privately owned South African financial institution, has successfully upgraded to Solifi ABL on the Open Finance Platform.Merchant West Group was... Read Story
August 09, 2023, 07:05 AM


Twenty-five years ago, Robert Boehm and his sons Brett and Adam founded TBF Financial (TBF) with the goal of pioneering commercial debt buying in the equipment leasing industry. The company succeeded and now equipment finance businesses routinely... Read Story
August 08, 2023, 07:25 AM


Fleet Advantage announced significant achievements for its fiscal year ending June 30, with notable emphasis on continued growth resulting in over $1 billion in lease originations driven by continued innovation and despite a persistent difficult... Read Story
August 08, 2023, 07:15 AM


Leasepath, the cloud-first Intelligent Workplace platform for equipment finance Lease and Loan Origination (LOS) and Customer Engagement (CRM), announced the launch of two groundbreaking features. The company now offers Microsoft Copilot, a secure... Read Story
August 07, 2023, 07:18 AM


Michael Doyle, Vice President – Asset-Based Lending at First Business Specialty Finance, a subsidiary of First Business Bank, announced a recently closed and funded $11 million revolving line of credit, equipment term loan, and equipment CapEx line... Read Story
August 07, 2023, 07:10 AM


Wingspire Capital provided a senior credit facility to Sunland Asphalt & Construction, LLC  as part of a refinancing that includes growth capital for the provider of asphalt paving maintenance and repair services.Wingspire provided a revolver and... Read Story
August 04, 2023, 07:00 AM


Global vendor finance company DLL announced the closing of “DLLAA 2023-1,” a U.S. securitization transaction, issuing notes totaling $1 billion. The notes are backed by loans and leases secured with new and used agricultural equipment originated by... Read Story
August 03, 2023, 07:25 AM


Achieving an important milestone in its strategic plan to refocus on the company's core retirement, wealth and asset management businesses, TIAA has completed the sale of TIAA Bank to private investors with extensive experience in financial services.... Read Story
August 02, 2023, 07:23 AM


LTi Technology Solutions, a provider in equipment finance software solutions, announced its achievement of Veracode Verified Standard Status. The Veracode Verified program provides third-party validation of a company's secure software development... Read Story
August 01, 2023, 07:20 AM


Mitsubishi HC Capital America is setting record growth with its assignment financing programs.Assignment financing allows an OEM, manufacturer, reseller, or vendor to receive upfront cash payment for their customer’s as-a-service (aaS) contracts. The... Read Story
July 31, 2023, 07:20 AM


MMP Capital, a commercial financing company specializing in equipment financing, leasing and unsecured capital, has signed as a sponsor for SUSA, Long Island’s largest soccer academy with over 1,600 players, affiliate clubs and additional youth... Read Story
July 31, 2023, 07:00 AM


Progressive Capital Equipment Finance Inc. (Progressive Capital) announced its wholly owned subsidiary, Dynamic Capital Equipment Finance (Dynamic Capital), has secured a $55 million funding facility with Mitsubishi HC Capital Canada.Private... Read Story
July 28, 2023, 07:20 AM


Alfa, provider of Alfa Systems, the technology platform for auto and equipment finance, has reported an impressive haul for its customers at the 2023 Asset Finance Connect awards.Louise McIntosh, Head of Operations at United Trust Bank (UTB), picked... Read Story
July 28, 2023, 07:00 AM


Stonebriar Finance Holdings LLC announced DBRS Morningstar (DBRS) has upgraded Stonebriar’s and its related entities’ Long-Term Issuer and Senior Debt ratings from ‘BBB’ (low) to ‘BBB’ supported, in part, by Stonebriar’s resilient earnings capacity... Read Story
July 27, 2023, 07:15 AM


Liventus announced the launch of its highly anticipated podcast series, a go-to source for everything custom software development and tech industry-related. The podcast, titled LivByte, will feature engaging conversations with industry experts... Read Story
July 27, 2023, 07:00 AM


Tamarack Technology, Inc., a provider of artificial intelligence (AI)-based automation and business intelligence products and software integration services for the equipment finance industry, has joined the Salesforce Consulting Partner program. As a... Read Story
July 26, 2023, 07:22 AM


Honour Capital co-founders Brian Slipka and Shea Huston announced the company added 181 new clients in the first half of 2023.“The state of equipment financing in the first half of 2023 has been challenging,” said Slipka. “Many companies have... Read Story
July 25, 2023, 07:20 AM


First Citizens Bank announced its Hemp Business provided a $1 million working capital line of credit to RYJO, parent entity of The Georgia Hemp Company, to help finance a major new promotional initiative.The Georgia Hemp Company operates four... Read Story
July 25, 2023, 07:17 AM


First Business Bank’s Floorplan Financing team announced it funded a $3 million inventory floorplan line of credit for a growing independent car dealership in Florida.First Business Bank’s Floorplan Financing team offers independent car dealers the... Read Story
July 25, 2023, 07:10 AM


Key Equipment Finance, a division of KeyBank and one of the largest bank-based financial services companies in the nation, served as the lead arranger of a group syndication providing $177.5 million in financing for Pasha Hawaii’s second Liquefied... Read Story
July 20, 2023, 07:20 AM


QuickFi is a finalist in the New York-based 2023 Finovate Awards for two categories: Best Embedded Finance Solution & Financial Mobile App. Other finalists include Mastercard, Chime, BMO, Array, Citizens Bank and QuickFi. QuickFi is honored to be... Read Story
July 20, 2023, 07:15 AM


North Star Leasing, a division of Peoples Bank, has partnered with Tamarack Technology on the implementation of TrailView Customer Service Portal. An element of North Star Leasing’s commitment to improve the customer experience and streamline... Read Story
July 19, 2023, 07:22 AM


Fortune and Great Place to Work have honored First American Equipment Finance as one of the 2023 Best Workplaces for Millennials (under 1,000 FTE). This is First American’s seventh time being named to the nationwide list, this year coming in at No.... Read Story
July 19, 2023, 07:15 AM


Crossroads Equipment Lease and Finance, a provider of transportation financing solutions, announced the opening of a new office in Irving, TX. This latest development is part of Crossroads' strategic growth plan, aiming to strengthen its position in... Read Story
July 19, 2023, 07:05 AM


Maxim Commercial Capital reported nearly 300 percent more funded deals in the second quarter of 2023 than in the prior year’s period, despite broader economic headwinds and rising interest rates. To support this rapid growth, the hard-asset secured... Read Story
July 18, 2023, 07:18 AM


Odessa, a provider of technology solutions for asset finance, announced First Business Bank has selected Odessa’s suite of solutions to bolster its digital transformation journey. To support its equipment finance business, First Business Bank will... Read Story
July 18, 2023, 07:15 AM


Equipment Finance Cares (EF Cares) announced the newly formed EF Cares Charitable Fund. The newly established fund will allow EF Cares to support charities affiliated with equipment finance professionals and organizations outside of the traditional... Read Story
July 18, 2023, 07:09 AM


Solifi, a global fintech software partner for secured finance, announced Ivan Bagaliyski, Director, Go-To-Market Strategy at Solifi, received the highly commended mention in the Rising Star category at the AFC Summer Awards 2023.The Rising Star award... Read Story
July 17, 2023, 07:23 AM


Beacon Funding, an equipment financing company, and Transit Pros, a leader in towing, roadside and transportation, announced their strategic brand partnership.By combining their expertise, resources, and innovative approaches, the two companies aim... Read Story
July 13, 2023, 07:08 AM


Quality Equipment Finance announced Patrick O'Connor, CLFP, Senior Sales Consultant, has been named to Monitor's NextGen 40 under 40 List. "Well, it's just about showing up and doing the best job I can for our clients and my team every day," said... Read Story
July 13, 2023, 07:05 AM


First American Equipment Finance announced it has ranked No. 21 on the Selling Power 50 Best Companies to Sell For list. This is the 23rd consecutive year the ranking has been published by Selling Power and First American’s seventh consecutive year... Read Story
July 13, 2023, 07:00 AM


According to Sandhills Global’s newest market reports, used heavy-duty truck, semitrailer, and construction machinery in Sandhills marketplaces are following the same trends observed in previous months. Inventory levels in these markets have... Read Story
July 12, 2023, 07:00 AM


Regents Capital Corporation, a provider of equipment leasing and financing solutions in the United States, announced it has been named as one of Orange County Business Journal’s 2023 Best Places to Work. The independent equipment finance firm ranked... Read Story
July 11, 2023, 07:00 AM


Channel, a lender specializing in equipment finance and working capital, announced the successful completion of its third working capital backed securitization, a significant milestone for the company. The $85 million issuance of asset-backed notes... Read Story
July 10, 2023, 07:23 AM


MMP Capital, a commercial financing company specializing in equipment financing, leasing and unsecured capital, saw a dramatic increase in originations this quarter, with total originations reaching nearly $100 million. This marked a 26 percent... Read Story
July 07, 2023, 07:23 AM


Amur Equipment Finance, Inc. (Amur) announced the completion of its 12th term securitization, in which it issued $377 million in notes secured by equipment loans and leases originated through its platform. Thirty-eight unique investors participated... Read Story
July 06, 2023, 07:17 AM


Channel announced that for the second consecutive year it has been honored as a Star Tribune Top 200 Workplace, ranking fifth among the midsize Minnesota companies list. Enhancing this year’s recognition Channel received the Direction award, a... Read Story
July 05, 2023, 07:20 AM


Since its launch in late 2022, Capteris has quickly established itself as an attractive alternative provider of equipment finance solutions. Most notably, within the financial sponsor segment, Capteris has committed nearly $150 million to portfolio... Read Story
June 30, 2023, 07:18 AM


Aequum Capital recently expanded its revolving line of credit led by Texas Capital Bank to $60 million by adding Wells Fargo & Company to the bank lending group. This new financing will further augment Aequum's significant equity base led by... Read Story
June 29, 2023, 07:00 AM


Inflation was identified as one of the top business concerns impacting small businesses, according to the results of the 2023 Small Business Survey, released by TD Bank. The survey collected insights from over 500 small business owners (SBOs), with... Read Story
June 27, 2023, 07:00 AM


Ares Management Corporation, a global alternative investment manager, announced certain funds managed by its Alternative Credit strategy have completed the acquisition of a $3.5 billion specialty finance loan portfolio from PacWest Bancorp.The... Read Story
June 26, 2023, 07:18 AM


LeaseAccelerator announced the launch of its new Trust Center, providing key InfoSec information to support its Lease Lifecycle Management solutions. The new Trust Center is a centralized resource for information security and data privacy that will... Read Story
June 23, 2023, 07:08 AM


For the second consecutive year, Verdant Commercial Capital has been named a Top Workplace in the Greater Cincinnati and Northern Kentucky area by The Enquirer Media. The Top Workplaces list is based solely on employee feedback gathered through a... Read Story
June 22, 2023, 07:10 AM


KLC Financial announced it has been recognized as a winner of the Best Places to Work award. The award, presented by The Minneapolis/St. Paul Business Journal, acknowledges KLC Financial's commitment to cultivating a positive and fulfilling work... Read Story
June 22, 2023, 07:07 AM


First Citizens Bank announced its Real Estate Finance business provided a $19.5 million construction loan for the development of Holbrook Logistics Center in Long Island, NYThe borrower, an affiliate of Eagle Cliff Real Estate Partners, is building a... Read Story
June 22, 2023, 07:00 AM


Libra Group has launched the world’s first space leasing company dedicated to the full spectrum of space assets. Building on the Group’s 20 years of aviation leasing experience, Space Leasing International (SLI) will own and lease assets critical to... Read Story
June 21, 2023, 07:25 AM


DLL will expand its floorplan finance offerings into the utility trailer market in North America. With this expansion, DLL will work with manufacturers to develop tailored financing programs to meet the needs of the market and offer eligible dealers... Read Story
June 20, 2023, 07:22 AM


Traditional bank lenders are applying more pressure to borrowers and now showing less tolerance when mid-sized companies in the U.S. miss financial targets, according to a new survey of business executives and lenders sponsored by Carl Marks Advisors... Read Story
June 16, 2023, 07:23 AM


Fleet Advantage announced Chief Marketing Officer Katerina Jones has been honored as one of three Trailblazer Top Brand Innovators by the Transportation Marketing and Sales Association (TMSA) for the second year in a row, as well as a Top Woman In... Read Story
June 16, 2023, 07:19 AM


Fortune magazine and Great Place to Work have honored First American Equipment Finance as one of this year’s Best Workplaces in New York. This is First American’s seventh consecutive year being named to this distinguished list, this year coming in... Read Story
June 15, 2023, 07:20 AM


NETSOL Technologies, Inc., a global business services and enterprise application solutions provider to the global asset finance and leasing industry, has successfully achieved SOC 2 Type 2 compliance, with a global audit conducted by... Read Story
June 15, 2023, 07:12 AM


North Mill Equipment Finance (NMEF), an independent commercial equipment lender located in Norwalk, CT, announced the company won the prestigious GlobalCapital US Securitization Award for ABS Deal of the Year for 2022 for its NMEF 2022-A equipment... Read Story
June 14, 2023, 07:23 AM


Corcentric, a global provider of procurement and finance solutions, announced it secured a new $315 million senior credit facility. The capital raise consists of a $250 million senior secured asset-based loan revolver from Bank of America and... Read Story
June 14, 2023, 07:17 AM


Fleet Advantage, an innovator in Class-8 fleet data analytics, equipment financing and life cycle cost management (LCCM), has received the 2023 Purpose Award for Community Engagement by the Transportation Marketing and Sales Association (TMSA) at its... Read Story
June 14, 2023, 07:05 AM


Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, announced the upsize of its leverage facility with KeyBank National Association, one of the nation's largest bank-based financial services... Read Story
June 14, 2023, 07:00 AM


Keystone Equipment Finance Corp., a Connecticut-based independent finance company, has moved to a new office space to accommodate growth and technological needs.Keystone Equipment Finance Corp. (Keystone), an independent equipment finance company... Read Story
June 13, 2023, 07:15 AM


Provide Capital, an equipment financing company, announced the launch of a trailblazing equipment vendor program that offers a cashback of up to 3 percent to vendors for every successful referral. This innovative initiative is part of Provide... Read Story
June 12, 2023, 07:05 AM


Comerica Bank announced the expansion of its Fort Lauderdale, FL, office in Plaza 100.The expanded office location, opening later this month, will house more than 30 colleagues from across the bank's lines of business, including Commercial Bank;... Read Story
June 09, 2023, 07:10 AM


BHI granted a $20 million credit facility to Lendbuzz for working capital and general corporate purposes. This transaction exemplifies BHI’s commitment to the Tech industry and will support Lendbuzz’s further growth. Established in 2015 and... Read Story
June 09, 2023, 07:05 AM


SBG Funding is doubling down on its commitment to businesses with exciting developments. It announced its move to a new, larger office space, marking a significant milestone in its growth journey. With over 15,500 square feet at its new location on... Read Story
June 08, 2023, 07:13 AM


Through its Commercial Lending business, The Bancorp Bank, N.A. (Bank), a wholly owned subsidiary of The Bancorp, Inc. (Company), processed over $229 million of wholesale transactions through its Wholesale Purchase Program. With the inclusion of... Read Story
June 07, 2023, 07:10 AM


LeaseAccelerator announced PureLease Marketplace, a global bidding platform that makes competing equipment leases simple, fast and easy, has sourced over $1.5 billion in lease financing. PureLease Marketplace saves clients an average of 7 percent on... Read Story
June 07, 2023, 07:07 AM


Honour Capital announced the firm has provided $1.3 million in an operating lease arrangement to a national flow control products industry leader for a supply chain solution to automate warehouse processes. “Honour Capital was recommended to us by... Read Story
June 06, 2023, 07:10 AM


Baystone Government Finance has launched a new website – baystone.net – to connect equipment vendors, brokers, communities and select non-profits with tax-exempt municipal leases and other financing options for essential equipment and real... Read Story
June 05, 2023, 07:05 AM


ASA announced the results of its 2023-2024 elections for new International Officers, Board of Governors and Discipline Committee Officers and Members At-Large. Those elected will officially take office on July 1, 2023.This prestigious group of... Read Story
June 05, 2023, 07:00 AM


QuickFi won Best Embedded Finance System – Lending at the 2023 Banking Tech Awards USA by Finovate, a leading global fintech event series and digital engagement platform.  The awards presented at the 2023 Banking Tech Awards USA in New York City... Read Story
June 02, 2023, 07:20 AM


Odessa, a provider of technology solutions for asset finance, announced Societe Generale Equipment Finance (SGEF) has selected the Odessa Platform delivered through Odessa’s full-service cloud solution to streamline operations and support continued... Read Story
June 01, 2023, 07:20 AM


RecNation Storage, a leading owner, operator and developer of specialized recreational vehicle and marine storage facilities, amended and upsized its revolving credit facility to borrow up to $500 million assuming certain conditions are met. The... Read Story
May 31, 2023, 07:00 AM


Transport Enterprise Leasing (TEL) has donated $6,000 to the Chattanooga, TN-based nonprofit Bible in the Schools, which funds elective Bible History classes for interested students.“Transport Enterprise Leasing is proud to give back to our... Read Story
May 26, 2023, 07:00 AM


GreatAmerica Financial Services Corporation announced it closed its 23rd securitization of $549,277,000 in privately placed bonds. S&P and Fitch rated 93.4 percent of the bonds in the transaction as “AAA,” the same as the prior six transactions from... Read Story
May 25, 2023, 07:15 AM


QuickFi won Best in Show at Finovate Spring 2023. QuickFi participated with 44 other companies at Finovate Spring 2023, a leading fintech event series and digital engagement platform. QuickFi was honored for the live demonstration of its newest... Read Story
May 25, 2023, 07:05 AM


Amembal & Halladay announced the launch of its much-awaited self-paced e-learning courses. The courses were created and instructed by Sudhir Amembal, who has been serving the global equipment finance industry for the past four plus decades.  The five... Read Story
May 24, 2023, 07:20 AM


Corcentric, a global provider of procurement and finance solutions, announced its new brand highlighting how the organization uniquely solves customers’ business challenges by forming seamless partnerships to diagnose pain points and deliver... Read Story
May 24, 2023, 07:05 AM


First Citizens Bank announced CIT Northbridge Credit, as advised by CIT Asset Management LLC, has provided $40 million in financing for Tronair, a provider of manufacturing of ground support equipment, aftermarket replacement parts and services for... Read Story
May 19, 2023, 07:23 AM


Citizens provided an asset-backed credit facility to the Belknap White Group to refinance existing debt, provide funds to acquire the assets of Swiff-Train Corporation and support future growth. The new facility consolidates two separate facilities... Read Story
May 18, 2023, 07:00 AM


XS Financial Inc., an equipment finance company to the cannabis industry in the United States, announced its expansion into the broader market by extending its financing services to non-cannabis companies. XS Financial aims to utilize its expertise... Read Story
May 17, 2023, 07:20 AM


EPC, Inc., a subsidiary of CSI Leasing, Inc. and one of the world’s largest IT asset disposition (ITAD) providers, has expanded operations in South America by opening a facility in Bogotá, Colombia. EPC Colombia S.A.S. (EPC Colombia) joins the... Read Story
May 17, 2023, 07:18 AM


Orion Group Holdings, Inc., a specialty construction company, announced the closing of a new three-year $103 million senior secured asset-based credit facility with White Oak ABL, LLC and White Oak Commercial Finance, LLC, which are the asset-based... Read Story
May 17, 2023, 07:15 AM


Ryder System, Inc. announced the signing of a long-term lease for a new headquarters location at the state-of-the-art Colonnade office tower in Coral Gables, FL. “In our 90th year, it was important that we honor our founding and remain headquartered... Read Story
May 17, 2023, 07:13 AM


The Greenbrier Companies, Inc. (Greenbrier) announced the completed sale of its Gunderson Marine operations to Oregon Green Manufacturing, LLC (OGM). Gunderson Marine operates within a 58-acre industrial waterfront site in Portland, OR, which OGM has... Read Story
May 17, 2023, 07:10 AM


Rinaldi Advisory Services (RAS) announced its newest RAS Alliance Partner, MAI Technology Solutions (MAI) to optimize technology strategy in the equipment leasing and finance industry. This collaboration empowers industry executives with... Read Story
May 16, 2023, 07:22 AM


Leasepath, the cloud-first Intelligent Workplace Finance Origination (LOS) and Customer Engagement (CRM) platform built for asset finance, announced a successful implementation with Kennet Equipment Leasing, a name in equipment finance for UK... Read Story
May 16, 2023, 07:18 AM


DLL received the ‘2023 Best ESG Initiative of the Year: Social Aspects’ and ‘Best Give me a New Life Funding Programme’ Awards from the Arena International Events Group. The awards ceremony was held in Paris, France at the Arena International Events... Read Story
May 12, 2023, 07:15 AM


Northteq, Inc., a provider of Salesforce loan origination solutions, along with Mitsubishi HC Capital Canada announced the launch of an innovative and unique Salesforce powered portal. The new partner platform will serve as the front-end, vendor... Read Story
May 05, 2023, 07:23 AM


Ares Management Corporation announced that funds managed by its U.S. Direct Lending and Alternative Credit strategies served as the lead arranger and junior agent for $3 billion in asset-backed and operating company financing for Merchants Fleet as... Read Story
May 05, 2023, 07:18 AM


Wingspire Equipment Finance, a provider of equipment finance solutions, announced the closing of a new $195 million credit facility to further expand its direct funding capabilities. The facility was agented by Texas Capital Bank, and Wells Fargo and... Read Story
May 05, 2023, 07:10 AM


Leasepath, the cloud-first Intelligent Workplace Finance Origination (LOS) and Customer Engagement (CRM) platform built for asset finance, announced Smarter Equipment Finance, the rapidly growing Las Vegas, NV equipment broker, has successfully... Read Story
May 04, 2023, 07:20 AM


TopMark Funding, a funding destination for commercial vehicles, opened 2023 with strong originations in the first quarter. The company set its all-time record for funded transactions in March 2023. This contributed to a 22 percent increase in funded... Read Story
May 04, 2023, 07:05 AM


Wingspire Capital provided a $30 million senior secured credit facility to GTT Communications, a global provider of managed secure networking services for large enterprise and carrier clients.The revolver will be used to support working capital... Read Story
May 03, 2023, 07:00 AM


Data Sales Co., a provider of lease financing and IT Asset Disposition (ITAD), announced the completion of its 50th year in business. For five decades, Data Sales Co. has been at the forefront of innovation, providing cutting-edge technology... Read Story
May 02, 2023, 07:16 AM


BriteCap Financial LLC announced its formation with a substantial capital investment from affiliates of North Mill Equipment Finance LLC (NMEF), an independent commercial equipment lender, and from BriteCap’s senior management team.  “The partnership... Read Story
May 01, 2023, 07:21 AM


Volvo Financial Services (VFS) announced the launch of iLabX 2.0, an evolution of its innovation accelerator program that provides startups the opportunity to develop and implement fintech innovations together with VFS. This upcoming program will... Read Story
April 28, 2023, 07:20 AM


Jefferies Financial Group and Sumitomo Mitsui Financial Group, Sumitomo Mitsui Banking Corporation, SMBC Nikko Securities Inc., and SMBC Nikko Securities America Inc. (collectively, “SMBC Group”) have expanded their strategic alliance to collaborate... Read Story
April 28, 2023, 07:00 AM


Equipment Finance Cares (EF Cares) held its first event of 2023 last week at TPC Craig Ranch in McKinney, TX. Over 60 equipment finance professionals attended, representing 38 different organizations. “We were excited to kick off EFC’s first event of... Read Story
April 27, 2023, 07:08 AM


Investments in supply chain and logistics have shot up exponentially over the last few years. To improve supply chain resilience and better manage complexity, companies are increasingly investing in real estate, new equipment or technology and... Read Story
April 26, 2023, 07:22 AM


Fleet Advantage announced it will unveil a revolutionary new analytic tool at the upcoming National Private Truck Council (NPTC) Annual Conference (May 7-9 in Orlando, FL) offering breakthrough technology designed to help define the future of... Read Story
April 26, 2023, 07:12 AM


First Business Bank's Floorplan Financing team announced it funded an $18 million inventory floorplan line of credit for a thriving independent car dealership in Michigan.First Business Bank’s Floorplan Financing team offers independent car dealers... Read Story
April 26, 2023, 07:10 AM


The private capital market is alive and well, according to a new report from Proskauer. The leading international law firm released the findings of its annual Private Credit Survey which asked more than 150 executives at private credit firms across... Read Story
April 26, 2023, 07:00 AM


For over 30 years, successful businesses have chosen Maxus as the best solution for their capital needs.Maxus Capital Group, LLC is an independent specialty finance company headquartered in Cleveland, OH. The experienced leadership team has 40 years... Read Story
April 25, 2023, 07:03 AM


Mitsubishi HC Capital America, the largest non-bank, non-captive finance provider in North America with $7.5 billion in owned and managed assets, announced the company has dedicated additional resources aimed at helping clients meet their own clean... Read Story
April 21, 2023, 07:20 AM


QuickFi is a finalist in the London-based 2023 Credit Awards for Best Use of Technology, End-to-End Credit Solutions.The 2023 Credit Awards, the flagship awards for the credit and financial services industry, recognize and celebrate innovation, best... Read Story
April 20, 2023, 07:20 AM


EquipmentShare announced the completion of a $290 million funding round led by funds affiliated with BDT Capital Partners. This round also included participation from existing investors such as RedBird Capital Partners, Tru Arrow Partners and Sound... Read Story
April 20, 2023, 07:18 AM


The Truck Renting and Leasing Association (TRALA) honored Tom Fleming of Aim NationaLease with the Steve Lawrence Legacy Award during the Association's 2023 Annual Meeting in Bonita Springs, FL."Tom Fleming is equal parts leader, mentor, visionary... Read Story
April 20, 2023, 07:15 AM


Tamarack Technology, Inc. and Sandhills Global have entered into a strategic partnership designed to help equipment finance companies elevate portfolio management and profitability. Combining the power of operational data and real-time insights from... Read Story
April 19, 2023, 07:20 AM


MMP Capital, a commercial financing company specializing in equipment financing, leasing, and unsecured capital, successfully funded over $65 million for customers in the first quarter of 2023, a 20 percent increase year over year compared to... Read Story
April 19, 2023, 07:18 AM


Oxford Commercial Finance (OCF), a subsidiary of Oxford Bank, is announcing an expanded line of flexible working capital solutions for small to medium-sized businesses, increased customer base, and a new website with helpful resources for business... Read Story
April 19, 2023, 07:10 AM


Maxim Commercial Capital (Maxim) reported exceptionally strong year-over-year growth during the first quarter of 2023. The private finance company closed nearly three times more truck financing transactions during the period than in 2022, and helped... Read Story
April 19, 2023, 07:05 AM


36th Street Capital announced it recently extended and upsized its senior secured revolving credit facility to $280 million, an increase of $110 million. The credit facility includes six lenders and is led by Capital One, N.A. as agent.“We are very... Read Story
April 18, 2023, 07:25 AM


Wintrust Commercial Finance (WCF), a division of Wintrust Asset Finance Inc., is celebrating eight years in business this month.Since its inception in 2015 with four founding employees, WCF has grown to a staff of 54, including new personnel hired in... Read Story
April 18, 2023, 07:22 AM


Clarus Capital announced it has completed a new $25 million loan facility for an established, family office backed private aviation platform. Clarus CEO Steve O’Leary said, “Clarus’ financing solution allows the client to expand its fleet in order to... Read Story
April 18, 2023, 07:00 AM


Koppers Holdings, an integrated global provider of treated wood products, wood treatment chemicals, and carbon compounds, closed a 7-year $400 million senior secured Term Loan B (TLB), which will bear interest, at the company's option, at adjusted... Read Story
April 17, 2023, 07:00 AM


Middle market private companies in the Golub Capital Altman Index experienced year-over-year earnings growth of 11 percent and revenue growth of 11 percent during the first two months of the first quarter of 2023.Lawrence E. Golub, CEO of Golub... Read Story
April 14, 2023, 07:18 AM


The Greenbrier Companies, Inc. hosted its inaugural Investor Day in New York, during which members of the company's leadership team discussed Greenbrier's market-leading position and diverse capabilities, strategic priorities, and multi-year... Read Story
April 14, 2023, 07:15 AM


Dynamic Capital Equipment Finance Inc. recently funded a $5,000,000 term loan through the utilization of its own in-house financing for client Crude Master Transport Inc. (Crude Master), turning Crude Master into one of the largest fluid hauling... Read Story
April 13, 2023, 07:12 AM


The Office of the Comptroller of the Currency (OCC) has reappointed Kelly Skalicky, CEO and President, Stearns Bank N.A., to serve on its Minority Depository Institutions Advisory Committee (MDIAC). The OCC officially announced its new and returning... Read Story
April 12, 2023, 07:15 AM


Linedata, a global provider of asset management and credit technology data and services, announced the expansion of its services capabilities and offerings in the Asia-Pacific (APAC) region. Linedata has extended its APAC offerings to include new... Read Story
April 12, 2023, 07:03 AM


NXT Capital announced it closed a unitranche facility in support of Graham Partners’ acquisition of Rhythmlink. NXT Capital acted as the Joint Lead Arranger on this transaction.“The NXT Capital team displayed great expertise and worked quickly and... Read Story
April 11, 2023, 07:07 AM


Downward value trends continued in March across Sandhills Global marketplaces. Used truck and trailer values have been in almost non-stop decline for a year, while used construction equipment values remained in a cooling pattern that began in Q3 2022... Read Story
April 10, 2023, 07:15 AM


Visual Lease has launched VL ESG Steward, a solution designed to track and report on the environmental impact of an organization's owned and leased asset portfolio. This is the first tool of its kind within the lease management and accounting... Read Story
April 10, 2023, 07:05 AM


Pathward, N.A. has been Certified by Great Place to Work for the first time. The prestigious award is based entirely on what current employees say about their experience working at Pathward. This year, 78 percent of employees said it’s a great place... Read Story
April 07, 2023, 07:05 AM


DataScan, a provider of solutions for wholesale asset financing and inventory risk management, has partnered with CheckVentory, an innovative software-as-a-service provider, to bring uVerifi, a digital auditing tool, to the U.S. and Canadian... Read Story
April 06, 2023, 07:15 AM


Gordon Brothers supported Modus Subsea Services Limited (Modus) with a £5 million term loan.  Modus, a pioneer in the use of Underwater Intervention Drones to automate and decarbonize subsea inspection, maintenance and repair services, has used the... Read Story
April 06, 2023, 07:03 AM


Fleet Advantage announced Chief Marketing Officer Katerina Jones has been named one of three finalists for the 2023 Distinguished Woman in Logistics Award (DWLA) by the Women In Trucking Association (WIT).  Every year, Women In Trucking’s... Read Story
April 05, 2023, 07:17 AM


When the COVID-19 pandemic slowed sales and disrupted supply chains for a Midwest supplier of pipes, valves and oil transmission products and services, the company and its private equity partner needed a flexible solution. Republic Business Credit... Read Story
April 05, 2023, 07:00 AM


NETSOL Technologies, Inc. announced Haydock Finance has signed up for and gone live with Flex - NETSOL’s API-first and cloud-based calculation engine. The sign-up and go-live covers the deployment of Flex for the business finance provider in the... Read Story
April 04, 2023, 07:07 AM


CrossAmerica Partners entered into an amended and restated five-year Revolving Credit Facility agreement with a syndicate of lenders led by Citizens Bank. The Amended Facility provides borrowing capacity up to $925 million, an increase from the... Read Story
April 04, 2023, 07:00 AM


The Consumer Financial Protection Bureau (CFPB) has finalized a rule required by Congress to increase transparency in small business lending, promote economic development, and combat unlawful discrimination. Lenders will collect and report... Read Story
March 31, 2023, 07:25 AM


QuickFi is a finalist in the New York-based 2023 Banking Tech Awards for two categories: Best Mobile Initiative Best Use of Tech in Lending Other finalists include J.P. Morgan, Wells Fargo, Citi Commercial Bank, Bank of America and KeyBank... Read Story
March 31, 2023, 07:20 AM


Wingspire Capital agented a $125 million senior secured credit facility to an internationally recognized cosmetics company for the expansion of their complement of current brands, future product development, and potential acquisitions.The credit... Read Story
March 30, 2023, 07:00 AM


PEAC Solutions (PEAC) and Armada Credit Group Inc. (Armada), a provider of equipment finance services in Canada, announced their partnership.This joint venture allows PEAC to again expand its global footprint, making it easier for vendor partners and... Read Story
March 29, 2023, 07:23 AM


The Black Equipment Finance Network (BEFN) Inaugural Mixer was held at the NEFA Finance Summit on March 21, marking the group's first in-person event. Attended by over 20 group members and over 40 allies and sponsors from around the country and... Read Story
March 29, 2023, 07:21 AM


Solifi, a global fintech software partner for secured finance, announced Merchant West Group, a leading privately owned South African financial institution, will upgrade from an on-premise system to Solifi ABL on the Open Finance Platform.The upgrade... Read Story
March 29, 2023, 07:20 AM


SageSure, a leading provider of catastrophe-exposed property insurance, closed a $50 million expanded revolving credit facility with its new commercial banking partner Wintrust Financial Corporation. The funding will enable SageSure to increase... Read Story
March 29, 2023, 07:00 AM


CHG-MERIDIAN has opened a new office in Mississauga, Ontario, Canada. CHG-MERIDIAN has had a presence in Canada since 2017 starting with a single employee. The new office is in large part due to the growth to 10 full-time employees within... Read Story
March 28, 2023, 07:18 AM


Kroll Bond Rating Agency, LLC has assigned preliminary ratings to five classes of notes issued by Dext ABS 2023-1, LLC (Dext 2023-1), an equipment ABS transaction.Dext 2023-1 represents the third equipment ABS transaction to be sponsored by Dext... Read Story
March 28, 2023, 07:07 AM


Liventus sponsored and donated to ASPIRE, a local charity that helps adults with disabilities. Its contribution played a vital role in the success of ASPIRE's Big City Nights Gala, which raised an unprecedented amount of money to further its mission... Read Story
March 28, 2023, 07:05 AM


QuickFi by Innovation Finance USA, today announced that for the second straight year it has been named "Best Overall LendTech Company" in the annual FinTech Breakthrough Awards program conducted by FinTech Breakthrough, an independent market... Read Story
March 27, 2023, 07:20 AM


Steve Beverly, Penske Logistics Senior Vice President Of Finance, has been honored by Supply and Demand Chain Executive with the 2023 Pros to Know Award. The annual Pros to Know award recognizes outstanding executives whose accomplishments offer a... Read Story
March 27, 2023, 07:05 AM


Fleet Advantage announced John Flynn, founder and former CEO, and Kristopher Dolch, Vice President of Strategic Fleet Solutions, were recognized as 2023 Pros to Know by Supply & Demand Chain Executive.Annually, Supply & Demand Chain Executive’s Pros... Read Story
March 24, 2023, 07:20 AM


Citizens M&A Advisory served as the exclusive financial advisor to General Die Casters, Inc. on its combination with Dart Casting, Inc.Headquartered in Twinsburg, OH, General Die Casters is a leading, value-added provider of complex, close tolerance... Read Story
March 23, 2023, 07:15 AM


More than 250 Corcentric customer representatives from North America and Europe convened at the Ritz-Carlton Orlando, Grande Lakes, FL, for the company’s two-day 2023 Symposium in February. The theme of the 20th Anniversary gathering was “Focus,” and... Read Story
March 23, 2023, 07:10 AM


Rapid Finance announced the rebrand of its recently acquired digital end-to-end lending platform, Thrive, to Decisioneer.As part of the relaunch, the platform has been refactored to provide a more elegant and seamless user experience to borrowers and... Read Story
March 22, 2023, 07:00 AM


The Equipment Finance Cares Texas event hosted by Wintrust Asset Finance, a subsidiary of Beverly Bank & Trust Company, N.A., will be held on Wednesday, April 19 from 1:30 p.m. – 7 p.m. at TPC Craig Ranch in McKinney, TX.“Equipment Finance Cares is... Read Story
March 21, 2023, 07:03 AM


Priority One Financial Services, a full-service finance company for marine, RV and trailer dealers, was named among the Tampa Bay region’s 2023 Best Places to Work.The annual Tampa Bay Business Journal award honors “companies that have made workplace... Read Story
March 17, 2023, 07:15 AM


Meridian Group International (MGI), an lnformation technology and managed services provider (MSP), and an equipment leasing and financing company announced it has achieved Carbon Neutral status.A global company spanning four continents and nearly... Read Story
March 16, 2023, 07:05 AM


eBizLoans.com, an online lender for small businesses located in Huntington, NY, and its founder Marc Arner, announced the company has recently surpassed a significant milestone of funding over 20,000 small businesses across the United States.Since... Read Story
March 16, 2023, 07:00 AM


Liventus announced that it had received certification as a Great Place to Work for 2023-2024. The Certification is awarded by the Great Place to Work Institute, an independent authority on high-trust, high-performance workplace cultures. This... Read Story
March 15, 2023, 07:00 AM


In its commitment to support the communities where it operates, Mitsubishi HC Capital Canada has completed its inaugural United Way campaign. Several local organizations will benefit from the company’s donations. These include Anna et la Mer, the... Read Story
March 14, 2023, 07:10 AM


Encina Equipment Finance, LLC announced it has changed its name to Post Road Equipment Finance, LLC. As part of the name change, the company has revamped and redesigned its website to incorporate the new company name (www.postroadef.com). The name... Read Story
March 13, 2023, 07:23 AM


Onset Financial exceeds $140 million in year-to-date fundings, shattering its previous record for January and February combined. With time to spare, this achievement also officially exceeds the best Q1 in company history.2023 is already another... Read Story
March 13, 2023, 07:20 AM


Ryder System, Inc., a provider in supply chain, dedicated transportation and fleet management solutions, announced it has sold its Miami headquarters campus to Bridge Industrial, a privately-owned, vertically integrated real estate operating company... Read Story
March 13, 2023, 07:15 AM


Consult Disrupt, a consulting organization formed to support equipment finance organizations with their day-to-day operations and technology related projects, announced it has been selected by Liventus, Inc. to help expand its service offering in the... Read Story
March 13, 2023, 07:10 AM


WS Capital Series Fund LLC (WS Capital), an alternative investment fund, announced its newest partnership with an equipment distributor based in Pennsylvania. WS Capital, whose portfolio includes assets in equipment leasing as well as private... Read Story
March 10, 2023, 07:15 AM


DLL, a global asset finance company for equipment and technology, participated in Gallagher’s 2022 U.S. Benefits Strategy & Benchmarking Survey and was identified as an organization that excelled in optimizing employee and organizational wellbeing.... Read Story
March 09, 2023, 07:18 AM


Solifi, a global fintech software partner for secured finance, announced the release of its latest version of Solifi Originations for equipment and automotive finance lenders in North America. The newest features enable a multitude of automated... Read Story
March 08, 2023, 07:20 AM


ECN Capital Corp. announced it has initiated a review of strategic alternatives to maximize shareholder value.In response to interest that has been received by the company, ECN will evaluate the full range of alternatives to determine the best path... Read Story
March 08, 2023, 07:05 AM


ACG Equipment Finance, a division of American Bank, has announced that it has been rebranded as American Bank Equipment Finance.Since 1999, ACG Equipment Finance has offered fast, flexible and competitive financing for smaller businesses and... Read Story
March 07, 2023, 07:00 AM


The annual 2023 Small Business Lending Forum (SBLF) facilitated by Orion First was once again a first-class industry event, held at the JW Marriot Desert Ridge Resort in Phoenix, AZ.The SBLF attracts industry veterans and top decision makers of banks... Read Story
March 06, 2023, 07:05 AM


Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and over $6 billion in assets, provided $10 million in financing to American Gas Products (AGP), a full-service national industrial and specialty gas supplier.... Read Story
March 06, 2023, 07:00 AM


PEAC Solutions (PEAC) a global leader in the vendor financing industry, and Bepensa Capital, the holding company of the trademark FinBe ABC, an independent, non-banking company in Mexico, announced a partnership to provide financing solutions in... Read Story
March 03, 2023, 07:25 AM


Honour Capital announced the firm is providing $10 million in fair market value financing to a multi-state company that provides consulting services related to real estate, energy, infrastructure and environmental management issues.“Honour Capital... Read Story
March 02, 2023, 07:10 AM


Solifi, a global fintech software partner for secured finance, announced the release of the 2023 Global Leasing Report. This one-of-a-kind report provides detailed analysis of the top 50 leasing markets worldwide, providing historical data insights... Read Story
March 01, 2023, 07:21 AM


Verdant Commercial Capital, LLC announced its 2022 originations were $551 million, an increase of 42 percent over 2021. Verdant originates leases and loans via relationships with top-tier vendors, OEMs and dealers of business-essential capital... Read Story
March 01, 2023, 07:20 AM


MMP Capital, a commercial financing company specializing in equipment financing, leasing and unsecured capital, announced President and CEO John-Paul Smolenski has been accepted into the Forbes Finance Council, an invitation-only community for top... Read Story
March 01, 2023, 07:18 AM


Massachusetts Mutual Life Insurance Company (MassMutual) and Barings, one of the world's leading investment managers and subsidiary of MassMutual, announced plans to transition MassMutual's Direct Private Investments (DPI), a leading fund finance... Read Story
February 28, 2023, 07:20 AM


Delta Financial Group (Delta) hosted its inaugural Partner Conference on Feb. 7-9 at the historic Belleview Inn (circa 1897) in Belleair Bluffs, FL. The conference focused on Diversity, Equity and Inclusion (DEI) topics presented to equipment leasing... Read Story
February 28, 2023, 07:15 AM


Arvest Bank, a bank with more than $26 billion in assets, announced the launch of its first product running on cloud-native core banking technology provided by Thought Machine.The equipment finance lending product, which launched in October 2022, was... Read Story
February 27, 2023, 07:10 AM


Gridium, a decarbonization partner to leading real estate firms, announced total funding of over $14 million from investors who see the potential to decarbonize commercial buildings. Lead investor Navitas Capital joined other luminaries from the... Read Story
February 27, 2023, 07:00 AM


First-Citizens Bank & Trust Company (First Citizens Bank) announced its vendor equipment financing business will now be known as First Citizens Bank Equipment Finance to better communicate its core mission to vendors, customers and prospects.Formerly... Read Story
February 24, 2023, 07:30 AM


LeasePoint Funding Group, a provider of equipment leasing and financing solutions, announced it originated over $100 million in new business in 2022, demonstrating strong momentum with three consecutive years of high double-digit growth.The company... Read Story
February 23, 2023, 07:20 AM


Leasepath announced another year of exceptional growth, marking the third consecutive year of total revenue growth at or above 45 percent annually. Leasepath also added several new customers and booked over 400 new user seats on its market leading... Read Story
February 23, 2023, 07:15 AM


BMO Financial Group (BMO) and BNP Paribas announced a long-term commercial agreement and new cross-border framework to enhance coverage and access to a global network for their commercial banking clients. They will also enter into a comprehensive... Read Story
February 22, 2023, 07:23 AM


Solifi, a global fintech software provider for secured finance, announced the addition of a leading German transport equipment manufacturer to its European asset finance customer portfolio. Under the new pan-European agreement, Solifi will implement... Read Story
February 22, 2023, 07:20 AM


Wingspire Capital committed a $30 million term loan A and a $15 million revolver to travel technology and marketplace firm Mondee, Inc., participating and adding to an existing loan facility led by TCW Asset Management Company.The proceeds will be... Read Story
February 22, 2023, 07:07 AM


Stonebriar Commercial Finance announced it continued to serve its valued customer base, originating $2.3 billion of new business volume for 2022, a 53 percent increase over 2021, while increasing ending receivables and serviced assets to over $5.6... Read Story
February 17, 2023, 07:25 AM


B. Riley Advisory Services, a provider of specialty business advisory services, announced it has expanded the firm’s appraisal and valuation services with the addition of a dedicated field examination practice. This experienced team specializes in... Read Story
February 16, 2023, 07:15 AM


CIT Commercial Services, a wholly owned subsidiary of First Citizens Bank, announced it has closed a non-recourse factoring arrangement and $8 million senior secured facility for a Los Angeles-based company that sells men's and boys' clothing to... Read Story
February 16, 2023, 07:00 AM


NFS Leasing, Inc., a privately held provider in equipment finance across the U.S. and Canada, announced it achieved 32 percent year-over-year growth of originations in 2022."The success we achieved in 2022 is a testament to the strength of our team... Read Story
February 15, 2023, 07:22 AM


Mitsubishi HC Capital Inc. announced it will integrate three group companies in the United States (the Integration) on April 1, 2023: Mitsubishi HC Capital America, Inc., Mitsubishi HC Capital (U.S.A.) Inc., and ENGS Commercial Finance... Read Story
February 14, 2023, 07:23 AM


The Alta Group has rebranded and redesigned its website to reflect the advisory’s exclusive dedication to the dynamic world of commercial equipment finance. It more clearly defines the full array of services and related solutions offered worldwide... Read Story
February 14, 2023, 07:18 AM


Fleet Advantage announced several milestones achieved over the last 12 months, including a stellar business performance where it exceeded over $760 million in lease originations. The company now totals $2.4 billion in assets under management and... Read Story
February 14, 2023, 07:15 AM


First Business Bank announced it earned a 2023 Top Workplaces USA award, issued by Energage, a purpose-driven organization that develops solutions to build and brand Top Workplaces. “For the second year in a row, our employees across the country... Read Story
February 13, 2023, 07:00 AM


Merchants Fleet announced a major expansion of its lending capacity, more than doubling its ability to fund vehicles and equipment for its traditional fleet and mobility clients throughout the country. The new lending capacity aligns Merchants with... Read Story
February 10, 2023, 07:23 AM


Asking and auction values for used heavy-duty trucks and semitrailers in Sandhills Global marketplaces have been dropping from the all-time highs that began in the second quarter 2022. However, despite almost continual month-over-month value declines... Read Story
February 10, 2023, 07:18 AM


Wingspire Capital provided moe than $700 million in senior secured financing commitments in 2022, bringing its total to $3 billion in its third year of operations. “We are pleased to reach this commitment milestone in our third year of operations as... Read Story
February 09, 2023, 07:23 AM


Wintrust Specialty Finance, a division of Beverly Bank & Trust Company, N.A., a Wintrust Community Bank, has closed the books on a banner year in 2022, headlined by over $625 million in new originations.Supported by parent company Wintrust Financial... Read Story
February 08, 2023, 07:23 AM


Baystone Government Finance reported a record year in new business volume in 2022 and remains optimistic about 2023 due to rising demand for equipment and vehicles from schools and counties across the country. David Burr, Assistant Vice President at... Read Story
February 08, 2023, 07:20 AM


APPROVE’s tech-driven platform for equipment finance now enables qualifying buyers to receive automated financing approvals in a matter of seconds. APPROVE’s API allows lenders that wish to participate to easily link to this automated technology.... Read Story
February 08, 2023, 07:10 AM


First Citizens Bank announced its Middle Market Banking business is launching a business-focused webinar series to provide a range of expert insight to owners, executives, service providers and others engaged with middle market companies.The first... Read Story
February 08, 2023, 07:05 AM


NETSOL Technologies, Inc. announced it has become an API Gateway Delivery Partner with Amazon Web Services (AWS).With this extended APN partnership, NETSOL will have access to AWS API Gateway, a fully managed service that makes it easy for developers... Read Story
February 08, 2023, 06:58 AM


Verdant Commercial Capital, LLC announced the closing of its inaugural term securitization, Verdant Receivables 2022-1. Verdant provides sales financing by partnering with sellers of capital equipment and computer software.The transaction was... Read Story
February 07, 2023, 07:18 AM


Summit Funding Group, based in Mason, OH, celebrated its 30th anniversary. The celebration included a gala held at Cincinnati Music Hall on Feb. 3, which was the actual date of the company’s inception. All Summit employees were in attendance to... Read Story
February 07, 2023, 07:15 AM


Amid the threat of inflation and rising rates, the equipment finance industry pushed ahead and began shifting toward sustainable, inclusive growth. SLIM Capital, located in Beverly Hills, CA, reported 2022 as a solid and successful year with the... Read Story
February 07, 2023, 07:12 AM


TopMark Funding, a funding destination for commercial vehicle dealerships and small to midsized fleets, closed 2022 with 92 percent year-over-year revenue growth while holding margins. Despite the economic headwinds and challenges in the... Read Story
February 07, 2023, 07:10 AM


ENGS Commercial Finance Co. announced the integration of Notarize into its FinTech platform. Notarize gives customers on-demand access to notary services through a comprehensive and secure platform.Through Notarize, customers can schedule their... Read Story
February 07, 2023, 07:05 AM


Bridge Bank announced its Capital Finance Group closed on a $3 million credit facility for Innovative Lease Services Inc., a Carlsbad, California-based provider of commercial equipment financing and leasing services. Innovative Lease Services (ILS)... Read Story
February 07, 2023, 07:00 AM


Unifi Equipment Finance, Inc., a provider of equipment financing solutions for small to medium-sized businesses, announced it has surpassed $1.5 billion in new originations.This achievement is a testament to Unifi Equipment Finance's commitment to... Read Story
February 06, 2023, 07:25 AM


Inovatec Systems, a provider of cloud-based software solutions for lenders, announced it has successfully completed all SOC certification processes, including SOC1, SOC2 and SOC3 audits, and is in compliance with all industry-accepted data privacy... Read Story
February 06, 2023, 07:05 AM


DLL announced the closing of “DLLAD 2023-1”, a U.S. securitization transaction issuing notes totaling USD 850 million. The notes are backed by loans and leases secured with agricultural, golf course and turf equipment.The transaction is rated F1+/P-1... Read Story
February 03, 2023, 07:28 AM


In response to increasing demand for top-tier data security by large asset-based lenders, Asset Compliant Solutions (ACS) announced that the company has secured SOC-2 Certification from the American Institute of Certified Public Accountants (AICPA).... Read Story
February 02, 2023, 07:27 AM


First American Equipment Finance has announced it has earned the 2023 Top Workplaces USA award, issued by Energage. This is First American’s third time being name to this nationwide list, this year coming in at #6 (150-499 FTE category).   Top... Read Story
February 02, 2023, 07:11 AM


LeaseQuery surpassed 3,500 customers in 2022, amid other key areas of hyper-growth throughout the last year. In addition to a 75% customer increase since 2021, LeaseQuery has also continued to build upon current product offerings and launched its... Read Story
February 02, 2023, 07:00 AM


The CLFP Foundation lost one of its board members this past weekend, Larry “Last Chance” LaChance, CLFP, President at Bankers Capital. Just two weeks ago, he was with us in Arizona at our board retreat and told everyone about what a special time he... Read Story
February 01, 2023, 07:25 AM


Titan NRG, operating as a downstream energy and transportation holding company through its wholly-owned subsidiaries, has entered into an agreement to purchase NRG Equipment LLC. NRG Equipment is an equipment leasing company based in Montana that... Read Story
February 01, 2023, 07:00 AM


Equipment Finance Cares (EFC) is pleased to announce dates and locations for its 2023 events. “Equipment Finance Cares regional events continue to be well-attended and received by the equipment finance community,” said Jesse Johnson, Founder of... Read Story
January 31, 2023, 07:19 AM


Priority One Financial Services, a full-service finance company for marine, RV and trailer dealers, celebrates 25 years of employment with Rina Aponte, Senior Operations Manager. Aponte started at Priority One in 1998, when the company had just 13... Read Story
January 30, 2023, 07:00 AM


Loeb continues its long history of supporting companies in transitional financial states with $6.8 million in machinery and equipment loans in the fourth quarter of 2022. These loans will help the four businesses continue to operate smoothly by... Read Story
January 27, 2023, 07:20 AM


First Business Bank’s Floorplan Financing team announced it funded a $5.5 million inventory floorplan line of credit for a growing independent car dealership in South Carolina.First Business Bank’s Floorplan Financing team offers independent car... Read Story
January 27, 2023, 07:15 AM


Eclipse Business Capital (EBC) provided a $28.5 million senior secured credit facility to support the acquisition of a flooring products distributor. The transaction included a $25 million revolving line of credit and a $3.5 million machinery &... Read Story
January 26, 2023, 07:05 AM


eCapital Corp. issued $95 million in lines of credit during the fourth quarter of 2022 through its eCapital ABL North America division. With this working capital, the companies – which include CPG products in the home and lawn categories – plan to... Read Story
January 25, 2023, 07:05 AM


Ritchie Bros. Auctioneers Incorporated announced it has entered into a securities purchase agreement with Starboard Value LP and certain of its affiliates pursuant to which Starboard will make a concurrent $485 million convertible preferred equity... Read Story
January 24, 2023, 07:20 AM


Commercial Equipment Finance (CEFI), the independent, full-service equipment finance and leasing company headquartered in Puerto Rico, announced 2022 originations reached a record $147 million, the highest level recorded by the company since its was... Read Story
January 24, 2023, 07:15 AM


Amur Equipment Finance, Inc. (Amur) announced it is Certified by Great Place to Work for the fifth consecutive year. This year when asked if Amur was a great place to work, 95 percent of employees said yes – 38 points higher than the average U.S.... Read Story
January 23, 2023, 07:16 AM


Reliant Capital, a commercial financing company specializing in financing for equipment vendors, successfully funded $156 million for customers in 2022, a 101 percent increase year over year compared to 2021.“Our plan to stay focused, keep a positive... Read Story
January 20, 2023, 07:20 AM


MMP Capital, a commercial financing company specializing in equipment financing, leasing and unsecured capital, successfully funded $297 million for customers in 2022, a 45 percent increase year over year compared to 2021.“MMP Capital is growing... Read Story
January 18, 2023, 07:19 AM


North Mill Equipment Finance LLC (NMEF), an independent commercial equipment lender in Norwalk, CT, launched its online customer portal, a powerful, feature-rich digital platform designed to help the company’s nearly 15,000 customers self-manage... Read Story
January 18, 2023, 07:15 AM


Maxim Commercial Capital announced robust results for 2022, with increased originations each successive quarter. The hard asset secured lender and lessor launched a new credit tier program for truck financings that has proven popular among truck... Read Story
January 18, 2023, 07:00 AM


Financial Partners Group (FPG) celebrated another year of record growth and expansion, closing fiscal year 2022 with $490 million in origination volume. FPG’s maturity in core markets, expansion in new segments, and focus on growth teams drove the... Read Story
January 17, 2023, 07:23 AM


The PNC Financial Services Group, Inc. announced the expansion of its environmental finance commitment to $30 billion. The bank initially announced in August 2021 a commitment of $20 billion over five years in support of environmental finance. Since... Read Story
January 13, 2023, 07:23 AM


AP Equipment Financing announced the company funded a record $327 million in 2022, representing a 38 percent year-over-year growth. This achievement is a result of the company's continued focus on its strategic plan to advance technologies, develop... Read Story
January 12, 2023, 07:23 AM


Trinity Capital Inc., a provider of financial solutions to growth-stage companies, announced highlights for the quarter and year ended Dec. 31, 2022. Trinity finished 2022 with $239 million in new commitments in the fourth quarter, bringing total new... Read Story
January 11, 2023, 07:18 AM


North Mill Equipment Finance LLC (NMEF), an independent commercial equipment lender located in Norwalk, CT, announced 2022 was the best year in the company’s 65-year history. Organic lease and loan originations reached an all-time high and financial... Read Story
January 10, 2023, 07:23 AM


Solifi, a global fintech software partner for secured finance, announced its newest technology partnership with Codat to make it easier for asset-based lending (ABL) firms to make smarter, faster and actionable credit decisions. Using pre-built APIs... Read Story
January 10, 2023, 07:20 AM


Oakmont Capital Services (OCS) celebrates its 25th anniversary this year. Established in 1998 as an equipment finance broker with Joe Leonard, CLFP, at the helm, the company’s journey has been a winding road to success over the past two and a half... Read Story
January 06, 2023, 07:05 AM


Equify Financial, LLC offers a dealer application-only program for customers with financing needs between $25,000 and $500,000. The new program offers its customers a fast, easy and efficient transaction process.The dealer application-only program is... Read Story
January 06, 2023, 07:00 AM


Xerox Holdings Corporation has entered into a Forward Funding Agreement with PEAC Solutions to drive the continued growth of Xerox’s FITTLE financing business.FITTLE is a global provider of equipment leasing and financing solutions for businesses.... Read Story
January 05, 2023, 07:23 AM


Northteq, Inc., a leading provider of Salesforce loan origination solutions, along with FinWise Bank (FinWise), a subsidiary of FinWise Bancorp, announced the successful integration and launch of Northteq’s Aurora Loan Origination System (LOS) to... Read Story
January 04, 2023, 07:23 AM


WS Capital Series Fund LLC (WS Capital), which invests in high growth, private corporate entities and Owner Tom Signorelli are rolling out an equipment leasing division that will focus on alternative assets, including aircraft and marine assets. The... Read Story
January 04, 2023, 07:20 AM


Umpqua Bank, a subsidiary of Umpqua Holdings Corporation, has been named Oregon's Most Admired Financial Services Company by business and community leaders for the 18th consecutive year. Oregon's largest bank, Umpqua has received the Most Admired... Read Story
January 03, 2023, 07:17 AM


National Funding, one of the largest U.S. specialty finance companies serving small- and medium-sized businesses, announced the San Diego Business Journal recognized CEO and founder David Gilbert in the finance section of its annual edition of the SD... Read Story
December 28, 2022, 07:22 AM


Crossroads Equipment Lease and Finance, LLC priced its $161 million ABS backed by commercial truck loans to substantial demand, reducing its cost of borrowing and enabling expanded funding options. Crossroads closed the equipment securitization... Read Story
December 27, 2022, 07:20 AM


Leasepath, the cloud-first Intelligent Workplace Finance Origination (LOS) and Customer Engagement (CRM) platform built for equipment finance and leasing, announced a fourth and final successful quarterly release to all customer environments globally... Read Story
December 22, 2022, 07:20 AM


Honour Capital Co-Founder/CEO Brian Slipka has been recognized as one of the 500 Most Powerful and Influential Leaders in Minnesota in 2022 by Greenspring Media, an initiative of Minnesota Monthly.The Minnesota 500 celebrates Minnesota’s leading... Read Story
December 21, 2022, 07:15 AM


APPROVE has promoted Jim Howard to the position of Vice President of Finance Operations, a move that directly follows his achievement of the Certified Lease & Finance Professional (CLFP) credential. He brings a deep knowledge of the equipment leasing... Read Story
December 20, 2022, 07:17 AM


Despite a year of economic shifts, Onset Financial has exceeded half a billion dollars in annual fundings for the second year in a row! This repeated achievement highlights Onset’s consistency of discipline, and capacity to help businesses across... Read Story
December 19, 2022, 07:17 AM


TimePayment announced it has financed its millionth lease. The achievement shines a spotlight on TimePayment’s commitment to serving a wider range of businesses than most lease financing companies, funding equipment purchases from as low as $500 up... Read Story
December 16, 2022, 07:20 AM


ZRG, a global talent advisory firm and portfolio company of RFE Investment Partners, announced it has secured a new secondary equity investment from a consortium of new and existing institutional investors led by Timber Bay Partners.ZRG is a market... Read Story
December 16, 2022, 07:05 AM


eCapital Corp. announced the increase of its syndicated bank facility supporting its eCapital Asset Based Lending (ABL) division, including eCapital Healthcare. Wells Fargo Bank acted as the administrative agent for the lenders and, along with... Read Story
December 16, 2022, 07:00 AM


Midland Equipment Finance (MEF), the equipment financing division of Midland States Bank, announced it has crossed the $1 billion mark in its portfolio since the division’s 2018 inception.MEF provides finance solutions for U.S.-based businesses in... Read Story
December 15, 2022, 07:20 AM


ENGS Commercial Finance Co. has been awarded a Top Workplace 2022 honor by the Chicago Tribune as one of the most dynamic and industry leading businesses in the Chicagoland area. The recognition is based solely on anonymous employee feedback gathered... Read Story
December 15, 2022, 07:05 AM


Tamarack Technology, Inc., a provider of artificial intelligence (AI)-based automation and business intelligence software designed for the equipment finance industry, has successfully obtained SOC 2 Type 1 compliance for its suite of AI products and... Read Story
December 14, 2022, 07:18 AM


Hanmi Financial Corporation (Hanmi), the holding company for Hanmi Bank, announced its President and Chief Executive Officer Bonnie Lee rang the Nasdaq MarketSite Closing Bell in Times Square, New York in celebration of Hanmi Bank’s 40th... Read Story
December 14, 2022, 07:10 AM


Solifi, a global fintech software partner for secured finance, announced the release of its latest version of Solifi Originations for European equipment and automotive finance lenders. The new features are designed to support UK contract-hire use... Read Story
December 13, 2022, 07:23 AM


In a webinar on the helicopter market, IBA, an aviation market intelligence and consultancy company, highlighted the growth potential of the helicopter finance and leasing market.Looking at the helicopter market overall, IBA outlined how there are... Read Story
December 13, 2022, 07:05 AM


Grant Capital Management, Inc. announced a $460,000 equipment finance lease with the Revenue Authority of Prince George’s County.The company partnered with Passport, a Charlotte-based mobility software and payments company to provide financing for... Read Story
December 12, 2022, 07:13 AM


Tamarack Technology has introduced the third and final whitepaper in a series examining the application of artificial intelligence (AI) in the equipment finance industry. Entitled “Distributed Workflows: Innovation that makes remote work work,” the... Read Story
December 09, 2022, 07:21 AM


NETSOL Technologies, Inc. announced the opening of a new support and delivery center in Austin, TX. The state-of-the-art facility will have the capacity of accommodating over 100 employees who will facilitate the company’s growing customer base... Read Story
December 09, 2022, 07:18 AM


CSI Leasing, Inc. (CSI) has expanded its European operations by opening a subsidiary in Denmark. This expansion follows the recent launch of CSI Nordics in September 2021 and reinforces CSI Leasing's expansion in the Nordic region.The company now has... Read Story
December 08, 2022, 07:05 AM


Inovatec Systems, a provider of cloud-based software solutions for lenders, announced its cloud lending platform has obtained ISO 27001 certification of its information management system, ensuring that all data privacy and information security... Read Story
December 08, 2022, 07:00 AM


DLL, a global financial solutions provider, launched 2023 Workplace Trend Report - The Hybrid Experience. The report covers the future of the workplace and the hybrid experience, and addresses its impact on the industry’s growth and evolution into... Read Story
December 07, 2022, 07:20 AM


Trinity Capital entered into an agreement to co-manage a newly formed joint venture, i40, LLC (the JV), with certain funds and accounts managed by a specialist credit manager with over $5 billion of assets under management. The JV will invest in... Read Story
December 07, 2022, 07:15 AM


Consult Disrupt, a consulting organization formed to support equipment finance organizations with their day-to-day operations and technology-related projects, announced that Clicklease has selected the consulting firm to lead their RFP system... Read Story
December 07, 2022, 07:10 AM


Alfa, provider of Alfa Systems, announced its latest piece of thought leadership in Digital Directions 3.Bringing a conclusion to a series that began in 2017, Digital Directions 3: Building a digital ecosystem for asset finance draws on industry... Read Story
December 06, 2022, 07:12 AM


LTi Technology Solutions (LTi), a charter member in the industry, providing a lease and loan cloud platform to equipment and asset-based finance companies, announce it has donated over $4,000 to a local elementary school and non-profit Completely... Read Story
December 06, 2022, 07:10 AM


CIT, a division of First Citizens Bank, announced that CIT Northbridge Credit, as advised by CIT Asset Management LLC, served as agent on a $27.78 million credit facility for Applied Optoelectronics, Inc.Founded in 1997 and headquartered in Sugar... Read Story
December 06, 2022, 07:03 AM


QuickFi was a finalist and was recognized as highly commended in the Best Use of IT for Lending award announced at the 2022 London Banking Tech Awards. Congratulations to J.P. Morgan for winning the category with its Pre-approved Lending Offers.... Read Story
December 05, 2022, 07:20 AM


Triumph Bancorp, Inc. announced the completion of an extensive rebranding effort, including a change of the company name to Triumph Financial, Inc. (the Company or Triumph Financial). The Company’s common stock now trades on NASDAQ under the ticker... Read Story
December 05, 2022, 07:10 AM


The Chris Walker Education Fund Board of Trustees is continuing its annual mission in honoring the late NEFA Member and Member of NEFA’s Board of Directors, Chris Walker. The Chris Walker Education Fund focuses on an issue near and dear to Chris’s... Read Story
December 01, 2022, 07:20 AM


ENGS Commercial Finance Co. has launched the ENGS Mobile App 3.0, drastically improving the user experience and self-service capabilities. The platform offers a one-stop location for customers to easily manage their account on the go from their... Read Story
December 01, 2022, 07:15 AM


Following more than 10 consecutive years of robust growth and the development of an impressive customer base throughout North America, Northpoint Commercial Finance announce its partnership with Elite Recreational Finance which will focus on... Read Story
December 01, 2022, 07:05 AM


United Rentals, Inc., the world’s largest equipment rental company, announced its online rental catalog now includes emissions level information for all equipment. The ability to see the emissions level when selecting equipment helps companies make... Read Story
December 01, 2022, 07:00 AM


KBRA released its 2023 ABS Sector Outlook, examining key trends from 2022 and providing forecasts for the new year.Persistently high inflation, tighter monetary policy and slowing economic growth have weighed heavily on risk assets in 2022, and the U... Read Story
November 30, 2022, 07:12 AM


TimePayment, a fintech company specializing in commercial and specialty equipment lease financing, has announced it has raised its limit for automated approvals for qualified lessees from $15,000 to $25,000. By leveraging the firm’s multiyear... Read Story
November 29, 2022, 07:18 AM


Specialty finance provider Mitsubishi HC Capital America announced it has entered into a $20 million facility to provide supply chain financing for an IT value-added reseller (VAR) serving the life sciences sector. With the VAR’s end customer... Read Story
November 29, 2022, 07:09 AM


Equipment Finance Cares (EFC) held its last event of 2022 at Blue Street Capital’s new office location in Huntington Beach, CA. The event hosted over 40 equipment finance professionals from 25 different organizations.“The Blue Street Capital team was... Read Story
November 29, 2022, 07:07 AM


As we move beyond COVID-driven restrictions, IDC's Future of Customer Experience predictions for 2023 reflect how B2B and B2C businesses must confront a new set of macroeconomic challenges – inflation, global economic instability, and flattening... Read Story
November 28, 2022, 06:58 AM


Liberty Commercial Finance LLC has changed its name to Wingspire Equipment Finance LLC, adopted a new logo, and redesigned its website as it integrates with parent company Wingspire Capital Holdings LLC. Earlier this year, Wingspire Capital acquired... Read Story
November 22, 2022, 07:20 AM


Jesse Johnson officially launched Consult Disrupt, a consulting organization formed to support equipment finance organizations with their day-to-day operations and technology related projects.“I have been fortunate to work in this industry for the... Read Story
November 22, 2022, 07:16 AM


Mid-Atlantic small businesses are optimistic in their ability to keep revenues at their current pace or even increase them in the next year despite economic woes and strains on their costs, a new WSFS Bank Small Business Trends study found.The study... Read Story
November 21, 2022, 07:23 AM


DLL received the 2022 “Vendor Finance Provider” and “Best ESG/Sustainability Initiative of the Year” Awards from Leasing Life, one of the top leasing industry journals in Europe, during the Leasing LifeConference & Awards event in Paris, France. The... Read Story
November 17, 2022, 07:18 AM


The Volvo Group and North America-based Pilot Company have signed a Letter of Intent for the development of public, high-performing charging infrastructure for medium- and heavy-duty electric vehicles.The partners intend to enter a strategic... Read Story
November 17, 2022, 07:05 AM


LTi Technology Solutions (LTi), providing a lease and loan cloud platform to equipment and asset-based finance companies, announced that Victor Finance is powering its digital transformation with the implementation of LTi’s ASPIRE platform.Victor... Read Story
November 16, 2022, 07:12 AM


National Funding, Inc., one of the largest U.S. specialty finance companies serving small- and medium-sized businesses, was named to four of Forbes Advisor’s Best of 2022 Awards, including “Best Working Capital Loans,” “Best Online Business Loans,”... Read Story
November 16, 2022, 07:10 AM


Northteq, Inc., a provider of Salesforce origination solutions, announced the launch of the Aurora Customer Portal. The portal is a customer servicing platform with an intuitive interface and easy navigation that helps equipment finance lenders... Read Story
November 14, 2022, 07:23 AM


The movement towards more technology investment for accountants is driven first and foremost by the need for efficiency, streamlined workflows and added value to their business, according to the latest Annual Accountants Survey: Top Challenges & Tech... Read Story
November 14, 2022, 07:00 AM


Bridge Finance Group (BFG), a private credit company that primarily focuses on early-stage, high growth companies in the food and beverage industry, announced $1 million financing for 4th & Heart, a CPG brand offering ghee made from grass-fed... Read Story
November 11, 2022, 07:17 AM


The Canadian Finance and Leasing Association (CFLA) released its 2022 Q3 and 4 Industry Business Confidence Survey results. Sentiment on most responses is at its lowest since the survey’s inception in 2019. Twenty-eight percent of respondents expect... Read Story
November 11, 2022, 07:15 AM


Small business loan approval percentages at big banks dropped from 14.9 percent in September to 14.7 percent in October, the lowest total since February 2022, according to the latest Biz2Credit Small Business Lending Index.Approval percentages of... Read Story
November 11, 2022, 07:05 AM


Cohn & Dussi, a full-service law firm with its principal office in Boston, MA, has been named to the inaugural Great Places to Work list by The Secured Lender. The Secured Lender is published by SFNet, an industry organization that serves as a key... Read Story
November 10, 2022, 07:18 AM


EquipmentShare, a company providing digital solutions for construction, announced it is expanding in Columbia, MO. The company’s new location will serve as its corporate headquarters and represents an investment of nearly $100 million and the... Read Story
November 09, 2022, 07:20 AM


Solifi, a global fintech software partner for secured finance, announced the release of its latest version of Solifi Asset-Based Lending (ABL) software, which includes several new and enhanced features designed to improve the lender and borrower... Read Story
November 09, 2022, 07:18 AM


Penske Logistics has earned entry onto the 2022 Top Food Chain Providers listing, as announced by Food Chain Digest, the official publication of the Food Shippers of America.The Top Food Chain Provider program highlights third-party logistics... Read Story
November 09, 2022, 07:00 AM


Solifi, a global fintech software partner for secured finance, announced its Solifi Asset-Based Lending (ABL) software-as-a-service (SaaS) solution on its open finance platform now supports more than $1 billion in loans outstanding for lenders... Read Story
November 08, 2022, 07:22 AM


Inc. Business Media announced the inaugural Power Partner Awards, honoring B2B organizations across the globe that have proven track records supporting entrepreneurs and helping startups grow. The list recognizes 252 firms in marketing and... Read Story
November 04, 2022, 07:22 AM


Kroll Bond Rating Agency, LLC (KBRA) assigned preliminary ratings to nine classes of notes issued by SCF Equipment Leasing 2022-2 (SCF 2022-2), an equipment ABS transaction.SCF 2022-2 represents the tenth equipment ABS sponsored by Stonebriar... Read Story
November 04, 2022, 07:20 AM


Northteq, Inc., a provider of Salesforce origination solutions, announced that Notarize, a leader in remote online notarization (RON) technology, has joined its growing list of fintech partners. The integration of Notarize within Northteq’s Aurora... Read Story
November 03, 2022, 07:22 AM


In the 16 months between two U.S. Bank CFO surveys, finance leaders faced a wave of new challenges, from high inflation to the effects of the war in Ukraine. The 2022 U.S. Bank CFO Insights Report found that finance leaders’ priorities have shifted... Read Story
November 02, 2022, 07:20 AM


Quality Leasing Co., Inc. is now Quality Equipment Finance, thanks to a sustained period of record growth and a campaign to realign and reaffirm the company’s brand and positioning.2022 saw growth in staff; restructured operations and management in... Read Story
November 01, 2022, 07:25 AM


Solifi announced The Secured Lender named Solifi to its inaugural 2022 Great Places to Work list. This recognition is testament to Solifi’s commitment in attracting and retaining talent through a range of initiatives, including an entrepreneurial... Read Story
November 01, 2022, 07:23 AM


Bob Rinaldi of Rinaldi Advisory Services has added to his Leasing Avenues blog with a video interview with Mitch Helman and Scott Lubischer of Sandhills Global. Rinaldi describes Sandhills Global as a prime example of a company morphing from low tech... Read Story
November 01, 2022, 07:22 AM


Work Truck Solutions released its third quarter ComTrend Analysis of new and used commercial vehicles. Continuing supply chain issues with new commercial vehicles induced predictable results in used work trucks and vans, but there was also a bit of... Read Story
October 31, 2022, 07:10 AM


Tamarack Technology, Inc. has launched a new website domain – tamarack.ai. The domain change supports the company’s vision for the future of equipment finance and reflects Tamarack’s focus on the application of artificial intelligence (AI) and... Read Story
October 28, 2022, 07:23 AM


TopMark Funding continues its 2022 trend of record-setting growth as it rounds the corner to close out the last three months of the year. In Q3, TopMark Funding exceeded its revenue goal by 27 percent. The momentum and pace set in the prior quarter... Read Story
October 28, 2022, 07:22 AM


CSI Leasing, Inc. Chairman and CEO Steve Hamilton received a 2022 Distinguished Alumni Award from the University of Missouri-St. Louis (UMSL) at its 31st Annual Founders Celebration. The UMSL Alumni Association honors individuals who have... Read Story
October 28, 2022, 07:05 AM


The Black Equipment Finance Network (BEFN) announced its formation as an organization tasked with increasing and elevating the participation of black equipment finance professionals in the industry. The networking group consists of management-level... Read Story
October 27, 2022, 07:26 AM


KBRA assigned preliminary ratings to four classes of notes issued by MMAF Equipment Finance LLC 2022-B (MMAF 2022-B), an equipment ABS transaction.MMAF 2022-B represents the 18th equipment ABS sponsored by MassMutual Asset Finance LLC (MMAF). MMAF is... Read Story
October 27, 2022, 07:09 AM


In another sign of its impressive growth trajectory, LeasePoint Funding Group announced it generated over $35 million in originations during the third quarter of 2022–a 300 percent increase compared to the same period last year.Four talented new team... Read Story
October 26, 2022, 07:21 AM


MMP Capital, a commercial financing company specializing in equipment financing, leasing and unsecured capital, has closed out another strong quarter, exceeding $75 million in funding for customers in both the second quarter and third quarter alone.... Read Story
October 25, 2022, 07:23 AM


Ivory Consulting Corporation has announced that Trustmark National Bank, a wholly owned subsidiary of Trustmark Corporation, has chosen SuperTRUMP as its pricing tool for its new equipment finance division.“SuperTRUMP is the industry standard and the... Read Story
October 25, 2022, 07:18 AM


GreatAmerica Financial Services Corporation announced it will double its charitable giving in the community by launching a new philanthropic fund directed by its employees. The new Employee Advised Fund is in addition to the GreatAmerica Donor... Read Story
October 21, 2022, 07:18 AM


Santander Bank, N.A. is introducing Treasury Fusion, its latest digital solution for Commercial Banking clients that integrates banking information directly to companies’ enterprise resource planning (ERP) software systems. Treasury Fusion... Read Story
October 21, 2022, 07:12 AM


SR Alternative Credit, LLC (SRAC), formerly Old Hill Partners, announced a deal that provided $10 million in the form of a senior secured one-year term loan to a company that acquires and leases standard 20- and 40-foot shipping containers, among... Read Story
October 21, 2022, 07:07 AM


Cadence Bank announced the launch of its new brand identity and corporate website, underscoring its continued commitment to helping people, companies and communities prosper and delivering on its brand promise of creating ease for customers.The... Read Story
October 20, 2022, 07:00 AM


North Mill Equipment Finance LLC (NMEF) announced the closing of its sixth commercial equipment backed securitization (ABS), NMEF Funding 2022-B. The $353 million transaction is North Mill’s second ABS transaction this year, bringing the total... Read Story
October 18, 2022, 07:25 AM


The Equipment Finance Cares California event will be held on Wednesday, Nov. 16 from 1:30 p.m. to 7 p.m. at Blue Street Capital Headquarters in Huntington Beach, CA. “Equipment Finance Cares is excited to come back to the leasing hotbed of Southern... Read Story
October 18, 2022, 07:10 AM


Encina Equipment Finance (EEF) announced it has provided a $15 million lease line to a global industrial safety solutions company to finance new and existing rental equipment, vehicles and trailers.EEF was represented by Reed Smith LLP.Launched in... Read Story
October 17, 2022, 07:20 AM


First Citizens Bank announced its Middle Market Banking business provided $19 million in financing to Truckee-Tahoe Lumber Company to provide support for their expanding business operations.Headquartered in Reno, NV, Truckee-Tahoe Lumber (TTL) is a... Read Story
October 17, 2022, 07:18 AM


GreatAmerica Financial Services Corporation announced it successfully closed its 22nd term securitization of $637 million in privately placed bonds. S&P and Fitch rated 93.4 percent of the bonds being issued at AAA, with S&P moving to improve the A+... Read Story
October 14, 2022, 07:24 AM


Capital One announced it has served as administrative agent for an amended and restated credit facility for EquipmentShare, a nationwide construction solutions provider. EquipmentShare will use the facility, which increased its borrowing capacity... Read Story
October 14, 2022, 07:22 AM


Maxim Commercial Capital expanded its target market with positive results during the third quarter. The direct lender launched an enhanced risk-based scoring system for its Truck Financing Program, resulting in lower down payments for owner operators... Read Story
October 14, 2022, 07:20 AM


Tamarack Technology, Inc., a provider of independent software and artificial intelligence (AI) solutions in the equipment finance and commercial lending industry, has introduced the first in a series of whitepapers on the application of AI in the... Read Story
October 14, 2022, 07:18 AM


CIT Commercial Services, a subsidiary of First Citizens Bank, announced that it has completed a $50 million factoring facility with a West Coast consumer technology firm.CIT worked closely with the client to create a unique factoring arrangement to... Read Story
October 13, 2022, 07:10 AM


Eastern Bank announced Crime Prevention Security Systems, LLC (CPSS) as a new commercial customer. Founded in 1975 by John Pastore, Founder and President, and his wife, Randi Elrad, Vice President of Sales, CPSS is a family-owned business.... Read Story
October 13, 2022, 07:05 AM


NETSOL Technologies, Inc. has partnered with Amazon Web Services (AWS) to offer services in the cloud computing domain and to provide innovative transformation with cloud-based solutions at scale.While NETSOL’s business model is built around the... Read Story
October 11, 2022, 07:15 AM


Regents Capital Corporation, a provider of equipment leasing and financing solutions to middle-market borrowers, announced it has entered into a $100 million three-year revolving credit facility with Bank OZK, a regional bank based in Little Rock, AR... Read Story
October 10, 2022, 07:22 AM


QuickFi is a finalist in the London-based 2022 Banking Tech Awards for three categories: Best Embedded Finance Initiative, Best Digital Initiative – Lending and Best Use of IT for Lending. The winning companies will be announced at the awards... Read Story
October 10, 2022, 07:17 AM


Gordon Brothers and TAGeX Brands, one of the nation’s largest liquidation resources for restaurants, food service operators, supermarkets and convenience stores, have formed a strategic alliance to provide comprehensive real estate and equipment... Read Story
October 10, 2022, 07:00 AM


Verdant Commercial Capital, LLC, one of the top 10 independent equipment finance companies, celebrated its fifth anniversary. The company was founded in 2017 by equipment finance veterans Mike Rooney, Chris Kelley and John Merritt. This team brought... Read Story
October 07, 2022, 07:21 AM


KBRA released research on potential ABS exposure in its rated universe of consumer and commercial ABS to Hurricane Ian, which made landfall along Florida’s southwestern coast on Sept. 28 before making landfall a second time near Georgetown, SC.Key... Read Story
October 07, 2022, 07:05 AM


Leasepath announced a strategic partnership with DataGardener, a London-based provider of comprehensive business and financial data and lending intelligence tools for credit and risk professionals. Leasepath is a cloud-first Intelligent Workplace... Read Story
October 06, 2022, 07:18 AM


QuickFi and Great American Insurance Group launched an API-enabled insurance solution fully integrated into QuickFi’s 100 percent digital equipment financing platform, which is used by banks and global equipment manufacturers to finance equipment at... Read Story
October 05, 2022, 07:25 AM


Solifi, a global fintech software partner for secured finance, announced MyTechMag named Solifi as one of the world’s top 10 banking technology solution providers in 2022. Solifi was recognized for its innovative fintech solutions built on the... Read Story
October 05, 2022, 07:21 AM


AP Equipment Financing was awarded “The Oregonian: 2022 Regional Top Workplace Award” and funded a record-breaking $92.5 million in the third quarter, a 46 percent year-over-year increase from Q3 2021."Over the past year, we have made strategic... Read Story
October 05, 2022, 07:20 AM


National Funding, one of the largest U.S. specialty finance companies serving small- and medium-sized businesses, closed its second asset-backed securitization (ABS) for $125 million. Guggenheim Securities served as sole structuring advisor and the... Read Story
October 05, 2022, 07:18 AM


CIT, a division of First Citizens Bank, announced that CIT Northbridge Credit, as advised by CIT Asset Management LLC, served as agent on a $40 million revolving credit facility provided to Biery Cheese. The credit facility refinances Biery Cheese's... Read Story
October 05, 2022, 07:10 AM


Pathward, N.A. announced the unveiling of its new corporate brand and the launch of the company’s new website, Pathward.com. This follows the company’s name change from MetaBank, N.A. earlier this year. The new name and branding reflect the company’s... Read Story
October 05, 2022, 07:00 AM


Onset Financial has broken another record with a remarkable $150 million in fundings in the third quarter, marking the best third quarter in Onset’s history.Even now, amidst surging inflation, record interest rate hikes and global concerns of... Read Story
October 03, 2022, 07:18 AM


Solifi, a global fintech software partner for secured finance, announced the release of its latest version of Solifi Wholesale Finance SaaS solution, which includes several new automated features to better manage inventory audits, provide real-time... Read Story
September 29, 2022, 07:20 AM


Equipment Finance Cares (EFC) held an event last week at Auxilior Capital’s new office in Plymouth Meeting, PA . The event hosted over 50 equipment finance professionals, from 30 different organizations.“The Auxilior Capital team was an amazing host... Read Story
September 29, 2022, 07:07 AM


Insight Financial Services (IFS), a division of Insight Investments, LLC, announced it has achieved its seventh consecutive completion and recertification of the Service Organization Control (SOC) 1 Type 2 Audit.The latest audit verifies that IFS’... Read Story
September 29, 2022, 07:05 AM


Austin Financial Services (AFS), a Los Angeles, CA based provider of asset-based lending solutions to small and medium sized businesses for over 40 years, closed a $115 million debt recapitalization with two lenders, lowering the company’s overall... Read Story
September 29, 2022, 07:00 AM


Amidst the growing uncertainty of today’s global supply chain, the 2023 Annual Third-Party Logistics Study gives insight into the challenges and opportunities facing suppliers and third-party logistics providers (3PLs). The publication, created in... Read Story
September 26, 2022, 07:11 AM


Fleet Advantage announced Katerina Jones, Vice President of Marketing and Business Development; Jackie Jacobs, CLFP, Senior Fleet Transaction Analyst and Project Manager; and Elizabeth Gomez, Marketing Manager, were recipients of the Supply & Demand... Read Story
September 23, 2022, 07:17 AM


NationaLease, one of the largest full-service truck leasing organizations in North America, announced the recipients of this year’s Leadership Circle Awards. These awards, given to 25 member companies, recognize their commitment to NationaLease and... Read Story
September 23, 2022, 07:15 AM


Huntington National Bank celebrates the grand opening of Detroit's Huntington Tower, located at 2025 Woodward Avenue. The new tower is located in the heart of The District Detroit, a world-class, mixed-use sports and entertainment district emerging... Read Story
September 23, 2022, 07:13 AM


Wheels Donlen, a fleet financing company backed by Apollo, announced the launch of a new equipment finance business that will be focused on providing dynamic funding solutions to the mid-market, large corporate and financial sponsor segments.... Read Story
September 22, 2022, 07:25 AM


Amur Equipment Finance, Inc. announced the completion of its 11th term securitization in which it issued $466 million in notes secured by equipment loans and leases originated through its platform. This transaction was rated by Moody’s and DBRS, with... Read Story
September 22, 2022, 07:24 AM


Mitsubishi HC Capital Canada announced it has reached $2 billion in financing assets. Founded as CLE Leasing in Grand-Mère, Québec in 1979, the company has grown from a small, local finance shop to become a pan-Canadian specialty finance powerhouse... Read Story
September 22, 2022, 07:10 AM


Keystone Equipment Finance Corp., an independent equipment finance company based in Connecticut, has launched its new website at existing domain www.keystoneefc.com. In addition to a complete design makeover, enhanced imagery and new sitemap, the... Read Story
September 22, 2022, 07:05 AM


Michael Doyle, Vice President II – Asset-Based Lending at First Business Specialty Finance, LLC, a subsidiary of First Business Bank, announced a recently closed and funded $5.5 million revolving line of credit and equipment term loan for a contract... Read Story
September 20, 2022, 07:07 AM


QuickFi won the 2022 Finovate Awards – Best SMB/SME Banking Solution by Finovate, a leading global fintech event series and digital engagement platform.  The awards presented at Finovate 2022 in New York City recognized the bank or financial... Read Story
September 19, 2022, 07:22 AM


EquipmentWatch, the industry’s source for heavy equipment data and intelligence, has announced the 2022 finalists for its popular annual Highest Retained Value Awards (HRVA). These are the only industry awards that leverage third-party, unbiased data... Read Story
September 15, 2022, 07:15 AM


Trnsact, a commercial equipment fintech company, and Creditsafe, a global credit monitoring and risk management firm, announced a partnership to bring greater clarity and less risk to the commercial equipment financing process. Through this... Read Story
September 15, 2022, 07:12 AM


The NFIB Research Center released the latest industry-specific Small Business Economic Trends report highlighting small businesses in the construction, manufacturing, retail, and services industries. The overall Optimism Index in July was 89.9.“Small... Read Story
September 15, 2022, 07:06 AM


Solifi, a global fintech software partner for secured finance, announced it was named to the 2022 IDC FinTech Rankings. The 19th annual vendor ranking recognizes the world’s top 100 leading hardware, software, and service providers to the financial... Read Story
September 13, 2022, 07:25 AM


A new thought leadership whitepaper co-authored by energy finance specialist Capitas Finance and software platform provider Alfa highlights how energy efficiency can be fast tracked through transformational funding models.Towards energy resilience:... Read Story
September 13, 2022, 07:05 AM


CIT, a division of First Citizens Bank, announced that the Specialty Finance unit of its Asset-Based Lending business provided $100 million in financing to Stonegate Capital, a middle-market asset-based lender primarily focused on the consumer... Read Story
September 12, 2022, 07:08 AM


Delta Financial Group, an equipment finance platform that provides capital for enterprise-level, business-critical equipment, has received a significant structured growth investment from funds managed by Oaktree Capital Management, L.P. (Oaktree).The... Read Story
September 09, 2022, 07:10 AM


Equipment Finance Cares (EFC) announced it has received formal 501(c)(3) status. EFC is an organization that showcases equipment finance professionals and organizations that give back to their local and national communities. The newly formed board of... Read Story
September 09, 2022, 07:00 AM


Great American Insurance Group has brought the power of API technology to its insurance programs for commercial equipment finance. These APIs can help accelerate a finance company's funding process and provide more options to their customers looking... Read Story
September 08, 2022, 07:20 AM


FORTUNE and Great Place to Work have honored First American Equipment Finance as one of the 2022 Best Workplaces in Financial Services & Insurance (under 1,000 FTE). This is First American’s seventh time being named to this nationwide list, this year... Read Story
September 08, 2022, 07:14 AM


Volvo Financial Services (VFS) announced it is investing in the teaching of financial literacy skills for youth in nine countries through a global partnership with Junior Achievement Worldwide. The partnership will see VFS employee volunteers join... Read Story
September 08, 2022, 07:00 AM


Solifi, a global fintech software partner for secured finance, announced Kawasaki Motors Finance Corporation (KMFC) – the captive finance arm of Kawasaki Motors Corp. U.S.A., an established global distributor of powersports vehicles – migrated its... Read Story
September 07, 2022, 07:23 AM


To better represent its growing role and expanding solutions for commercial equipment finance, DCR Technologies announced it has changed its name to Trnsact.“As Trnsact, we are growing our commitment to provide better solutions for the industry to... Read Story
September 02, 2022, 07:15 AM


Insight Financial Services (IFS), a division of Insight Investments, LLC, announced it has been awarded a contract from Choice Partners national purchasing cooperative to provide leasing services for technology equipment. The contract provides Choice... Read Story
September 01, 2022, 07:10 AM


Brad Peterson, President & Chief Executive Officer at Channel, announced the company has earned a place on the Inc. 5000 annual list of the fastest-growing private companies in America for a 10th consecutive year. Just under 45,000 companies have... Read Story
August 31, 2022, 07:25 AM


TimePayment, an award-winning fintech company and provider of sales financing for specialty equipment sellers, has announced the closing of a new $375 million revolving credit facility, including a $50 million accordion. The facility replaces its... Read Story
August 31, 2022, 07:21 AM


Solifi announced the release of its latest version of Solifi Asset-Based Lending (ABL) software, which includes several new and enhanced features designed to provide a richer experience for customers and lenders, mitigate risk, and streamline... Read Story
August 31, 2022, 07:15 AM


Fifth Third Private Bank, a division of Fifth Third Bank announced the release of its collaborative research with the National Center for the Middle Market, housed at The Ohio State University Max M. Fisher College of Business. The research provides... Read Story
August 31, 2022, 07:05 AM


Charlotte, NC-based equipment and accounts receivable finance company, Commercial Credit, Inc., parent company of Commercial Credit Group Inc. (CCG), Keystone Equipment Finance Corp. and Commercial Funding Inc., has again made the Business North... Read Story
August 30, 2022, 07:05 AM


The law firm of Moritt Hock & Hamroff has been named a Top 3 Winner for Best Financial Law Firm for its financial services practice in Long Island Business News' 2022 Annual Reader Rankings List. Long Island Business News reader rankings is an... Read Story
August 30, 2022, 07:02 AM


Bank of America clients are increasingly relying on the company’s award-winning digital solutions to manage their finances. Clients logged into the company’s digital platforms nearly 1 billion times in July, the highest month ever. This follows a... Read Story
August 29, 2022, 07:15 AM


EquipmentShare, a nationwide construction equipment and technology solutions company, released a white paper on tech trends and how technology is powering a new generation of fleet management tools and best practices. Here are three technology trends... Read Story
August 29, 2022, 07:10 AM


Worldwide shipments of hardcopy peripherals declined 3.9 percent year over year to 22.0 million units in the second quarter of 2022 (2Q22). Shipment value decreased 5.3 percent year over year during the quarter to $9.6 billion, according to new data... Read Story
August 29, 2022, 07:00 AM


Kapitus, a provider of small business financing, announced the closing of $95 million in additional funding capacity, bringing total debt facilities to $360 million. In July, the company closed a $60 million upsize to its existing securitization and... Read Story
August 24, 2022, 07:05 AM


Revelation Machinery, which specializes in the Manufacturing and Industrial industries with services in Auctions/Liquidations, Asset Recovery and Remarketing, was recognized as one of the fastest-growing private companies in the US. Named one of the... Read Story
August 23, 2022, 07:19 AM


With the announcement that Med Rep Meeting (Med Rep) and LeasePoint Funding Group (LeasePoint) have partnered to launch Med Rep Financing, medical representatives are now able to prescreen and prequalify physicians for up to $350,000 of medical... Read Story
August 23, 2022, 07:15 AM


Best Lawyers in America has recognized nine Moritt Hock & Hamroff attorneys in its 2023 edition. Six attorneys were included in The Best Lawyers in America and three attorneys were included in The Best Lawyers: Ones to Watch in America.Best Lawyers... Read Story
August 23, 2022, 07:03 AM


Wolters Kluwer Compliance Solutions has earned eight awards in the 2022 Golden Bridge Awards, including four gold-level wins in product innovation categories for excellence in regulatory change management, compliance program management, lien and... Read Story
August 22, 2022, 07:04 AM


Benetrends, the International Franchise Association’s (IFA) preferred vendor for ROBS rollover financing and a trusted franchise and small business funding leader for over 40 years, has been recognized as one of the top franchise suppliers in 2022 by... Read Story
August 22, 2022, 07:02 AM


With increasing economic uncertainty, 83 percent of executives are focusing their business strategy on growth, according to the latest PwC Pulse: Managing business risks in 2022. That uncertainty has become the standard with business leaders feeling... Read Story
August 19, 2022, 07:25 AM


To support modern expectations for 24/7 access to account information and streamlined account management processes, Tamarack Technology, Inc. has introduced the TrailView Customer Online Support Service portal. Developed to address the immediate... Read Story
August 19, 2022, 07:18 AM


Solifi, a global fintech software partner for secured finance, announced the launch of its software-as-a-service (SaaS)-based lease and loan pricing solution for the U.S. equipment and automotive finance industries. The SaaS version of Solifi’s... Read Story
August 16, 2022, 07:23 AM


HYPERAMS, LLC announced the completion of the e-commerce liquidation sale of The Grommet. The liquidation, which was conducted entirely via the company’s website, was highly successful and generated significant cost recovery for the business’... Read Story
August 16, 2022, 07:00 AM


Chesswood Group Limited announced its subsidiary, Pawnee Leasing Corporation, has closed its marketed U.S. securitization of receivables. Proceeds from this securitization totaled $347 million and will be used to repay Pawnee's warehouse facility and... Read Story
August 12, 2022, 07:23 AM


Fortune and Great Place to Work have honored First American Equipment Finance as one of the 2022 Best Medium Workplaces (under 1,000 FTE). This is First American’s seventh time being named to this nationwide list, this year coming in at No. 59.The... Read Story
August 11, 2022, 07:17 AM


The Equipment Finance Cares Pennsylvania event will be held on Tuesday, Sept. 20 from 1:30 p.m. to 7 p.m. at the Auxilior Capital Partners Headquarters in Plymouth Meeting, PA.“Equipment Finance Cares is excited to bring our platform to the greater... Read Story
August 11, 2022, 07:10 AM


LeaseQuery, a provider of software built to simplify the complexities of accounting, announced the expansive growth of its channel program in recent years. This program aims to grow and nurture partnerships to ensure clients with complex accounting... Read Story
August 11, 2022, 07:00 AM


Solifi, a global fintech software provider for secured finance, announced British Car Auctions (BCA) extended its Solifi platform contract to support the expansion of its wholesale finance offering.The BCA Partner Finance service supports dealers... Read Story
August 10, 2022, 07:22 AM


Lendistry announced plans to support underserved small businesses across Texas thanks to funding of $5 million provided by Texas Capital Bank. The purpose of this partnership is to open a physical location in Dallas and to provide access to capital... Read Story
August 10, 2022, 07:05 AM


Tiger Group is offering for immediate sale an entire fleet of well-maintained, late-model rolling stock previously operated by Buckeye Water Services from its locations in Ohio and Pennsylvania.All assets are available for individual purchase in the... Read Story
August 10, 2022, 06:58 AM


Farmers Bank, a state-chartered, FDIC insured bank headquartered in Parsons, TN, has formed a new partnership with a group of investors led by E. H. "Sonny" Bringol, Jr. of Victorian Finance, LLC  in Pittsburgh, PA. Bringol and his team are seasoned... Read Story
August 09, 2022, 07:01 AM


FITTLE, the equipment financing business of Xerox Holdings Corporation, announced a strategic partnership with Black Buffalo 3D Corporation, a provider of large-scale 3D construction printers, to help bring the company’s pioneering 3D concrete... Read Story
August 08, 2022, 07:20 AM


The July 2022 Senior Loan Officer Opinion Survey on Bank Lending Practices addressed changes in the standards and terms on, and demand for, bank loans to businesses and households over the past three months, which generally correspond to the second... Read Story
August 08, 2022, 07:15 AM


TIAA Bank's vendor equipment finance (VEF) team saw a year-over-year jump in new business volume. The growth stems from strong production across VEF served segments, including industrial, healthcare and capital markets. From January to June 2022... Read Story
August 05, 2022, 07:20 AM


Alfa, the developer of Alfa Systems, an enterprise software platform for providers of automotive, wholesale and equipment finance, has published a new paper on best practice in systems integration.Part of Alfa’s Innovation in Implementation series... Read Story
August 05, 2022, 07:10 AM


Caterpillar Inc.’s CEO Jim Umpleby was among the company executives painting a troublesome picture of ongoing challenges in comments on the company’s second-quarter earnings call. The execs said they see no improvements in supply-chain woes... Read Story
August 04, 2022, 07:25 AM


CIT Commercial Services, a subsidiary of First Citizens Bank, announced it increased a New York-based fashion company’s discretionary lending facility to $100 million to support the acquisition of an entity that specializes in children’s apparel.The... Read Story
August 04, 2022, 06:58 AM


Pasha Hawaii and Key Equipment Finance announced the delivery of MV George III, a 774-foot Liquefied Natural Gas (LNG) fueled containership that will join Pasha Hawaii’s fleet serving the Hawaii/Mainland trade lane. The vessel is the first LNG... Read Story
August 03, 2022, 07:20 AM


Owl Rock, a division of Blue Owl Capital Inc. announced that certain of its funds have made an initial equity commitment to Amergin Asset Management, a newly formed portfolio company created to invest in a leasing platform focused on railcar and... Read Story
August 03, 2022, 07:18 AM


Fleet Advantage, an innovator in truck fleet business analytics, equipment financing and life cycle cost management (LCCM) announced significant achievements and results for its fiscal year ending June 30, with notable emphasis on strong customer... Read Story
August 03, 2022, 07:02 AM


Kenneth B. Steinback, founder and chairman emeritus of CSI Leasing, Inc. (CSI), one of the world’s largest independent technology leasing companies, died on Saturday, July 30, 2022 at his home in Clayton, MO, after multiple battles with cancer. He... Read Story
August 01, 2022, 10:00 AM


TopMark Funding, a funding destination for commercial vehicle dealerships and small to midsized fleets, continued to see momentum and growth with another record-breaking quarter that included a 30 percent increase in amount funded from the year’s... Read Story
August 01, 2022, 07:20 AM


Penske Truck Leasing has opened a new, state-of-the-art facility in Monroe, OH. This new facility expands Penske’s capability to support this growing Ohio market and allows increased aid to the large territory between its Sharonville and Dayton sites... Read Story
August 01, 2022, 07:10 AM


Castlelake, a global alternative investment manager with approximately 17 years of experience investing in asset-rich opportunities, and Aequum Capital Founder, LLC ("Aequum"), a tech-enabled specialty finance lender, announced a partnership... Read Story
July 29, 2022, 07:27 AM


Wintrust Specialty Finance (WSF), a division of Beverly Bank & Trust Company, exceeded a billion dollars in funded contracts in first three years by earning market share with equipment vendor partners and supporting independent lessors’ liquidity... Read Story
July 28, 2022, 07:35 AM


Mitsubishi HC Capital America’s Work Truck Finance division reached a monumental milestone this week when it reached $1 billion in originations. The company reached this impressive achievement with record volume of $112 million in the quarter ending... Read Story
July 28, 2022, 07:30 AM


Michael Doyle, Vice President II – Asset-Based Lending at First Business Specialty Finance, LLC, a subsidiary of First Business Bank, announces a recently closed and funded $10 million revolving line of credit, equipment term loan, and real estate... Read Story
July 28, 2022, 07:00 AM


Hundreds of professionals from across the agriculture, commercial trucking, construction, heavy machinery, and aviation industries will convene in Lincoln, Nebraska, on August 9th and 10th for the 2022 Sandhills Global Forum. Attendees will include... Read Story
July 28, 2022, 06:00 AM


Fleet Advantage will be hosting a Back-to-School Backpack Drive next Wednesday, August 3rd in partnership with Kids In Distress (KID), a 501(c)(3) nonprofit organization providing early intervention and treatment for abused, abandoned and neglected... Read Story
July 28, 2022, 06:00 AM


Ascentium Capital continued its positive momentum in the second quarter of 2022, achieving $480.8 million in financed volume. The company saw a record number of applications and approvals in this time frame, exceeding Q2 2021 volume by $122.9 million... Read Story
July 27, 2022, 07:25 AM


Marlin Leasing Corporation, was recently acquired by funds managed by HPS Investment Partners LLC and will be rebranded as PEAC Solutions. The PEAC family of finance companies includes PEAC UK and PEAC Europe, and collectively operates in 12... Read Story
July 26, 2022, 07:18 AM


Quality Leasing Co., Inc. (QL) posted a 95% increase in funding volume year-over-year for the first half of 2022. Additionally, the number of funded transactions grew by 50% in the same period; and average contract size rose by 30% to just over... Read Story
July 25, 2022, 07:29 AM


Within months of the implementation of the artificial intelligence (AI) platform from Tamarack Technology, Inc., KLC Financial, Inc. has realized significant improvements in its operational efficiency. By implementing custom reporting using... Read Story
July 21, 2022, 07:18 AM


Commercial Funding Inc., a national provider of accounts receivable financing, including invoice factoring, and asset-based lending, has launched a YouTube channel and published its first educational video. The animated video, “CFI Explains Invoice... Read Story
July 21, 2022, 06:59 AM


Inquieto Moving Attitude, a company of the Spanish multinational GAM, specializing in solutions for the sustainable mobility industry, signed a 20 percent equity stake investment deal with DLL, a global asset finance company and a wholly owned... Read Story
July 20, 2022, 07:20 AM


Bob Rinaldi announced he has posted an in-person interview with his friend and New York Times best-selling author Peter Zeihan. Rinaldi adds to his Leasing Avenues Video blog with Zeihan discussing his forecast for the future in his new book, “The... Read Story
July 19, 2022, 07:23 AM


With heavy heart we must share that our friend, colleague and industry icon Joe Nachbin has passed away following a brief battle with pancreatic cancer. Joe was an industry veteran who devoted more than four decades of knowledge, skill, and insight... Read Story
July 19, 2022, 07:18 AM


SLIM Capital, located in Beverly Hills and Orange County, CA, reported significant increased business volume for the first half of 2022. With a stellar first half of the year, SLIM Capital is set to break its yearly funding records. Shervin Rashti... Read Story
July 19, 2022, 07:17 AM


North Mill Equipment Finance LLC (NMEF), an independent commercial equipment lessor headquartered in Norwalk, CT, announced the company has implemented major enhancements to its pricing scheme, simplifying its buy rate structure and connecting each... Read Story
July 19, 2022, 07:14 AM


Maxim Commercial Capital provided creative financing solutions for small businesses across the U.S. during the second quarter of 2022. Fundings ranged in size from $20,000 for an owner-operator to purchase a new rig to $2.0 million for a residential... Read Story
July 19, 2022, 07:10 AM


Equipment Depot, America’s largest independently operated material handling and equipment rental source, announced its new EQFINANCE division. Offered through a partnership with De Lage Landen Financial Services, Inc. (DLL), EQFINANCE provides... Read Story
July 14, 2022, 07:20 AM


Solifi, a global fintech software partner for secured finance, announced that Mountain Ridge Capital (MRC) selected and recently deployed Solifi’s asset-based lending (ABL) software solution. A startup ABL independent with seasoned finance executives... Read Story
July 14, 2022, 07:19 AM


Great American Insurance Group and Econolease Financial Services have embedded their insurance program using API Technology. This gives real-time access to coverage when needed.Great American has provided innovative insurance solutions to the... Read Story
July 14, 2022, 07:18 AM


Zuora, Inc., a cloud-based subscription management platform provider, and BNP Paribas Leasing Solutions, international equipment finance player, announced a partnership to offer new usage-based solutions for professional equipment. Part of one of the... Read Story
July 13, 2022, 07:19 AM


Horizon Technology Finance Corporation, a specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services, and sustainability... Read Story
July 13, 2022, 07:15 AM


Channel announced the completion of its first equipment finance securitization, a $163 million issuance of asset-backed notes collateralized by a diverse portfolio of equipment receivables. This is the second securitization for Channel having... Read Story
July 12, 2022, 07:23 AM


AP Equipment Financing funded $78.8 Million in Q2 2022, a 68 percent year-over-year increase from Q2 2021.In the month of June alone, AP posted a funding volume of $29.1 million. With continued momentum, AP is projecting another record-breaking year... Read Story
July 12, 2022, 07:21 AM


Despite months of strenuous market conditions, Onset Financial is kicking off the third quarter with $235 million in year-to-date fundings, putting the company on track to exceed its annual funding goals yet again.“Onset has always been in the... Read Story
July 12, 2022, 07:20 AM


North Mill Equipment Finance LLC (NMEF), an independent commercial equipment lessor headquartered in Norwalk, CT, reported an all-time high in funding volume for the second quarter of 2022. Funded volume surged to $147 million, up 34 percent from the... Read Story
July 08, 2022, 07:20 AM


Commercial Fleet Financing, Inc. (CFF), a provider of transportation equipment financing, reported financial results for H1 and Q2 of 2022. For Q2 2022, CFF funded $58,090,953 from 609 transactions with an average transaction size of $95,387. For H1... Read Story
July 08, 2022, 07:12 AM


Amur Equipment Finance, Inc. announced another strong quarter for its origination growth, driven by a record number of processed applications. Amur has consistently invested in expanding its reach to small businesses and is pleased to announce a... Read Story
July 07, 2022, 07:23 AM


Axis Auto Finance Inc., a fintech lender servicing the alternative auto finance market, announced its wholly owned subsidiary, Pivotal Capital Corp. (Pivotal) has secured an additional funding facility with Mitsubishi HC Capital Canada, Inc.... Read Story
July 07, 2022, 07:20 AM


Grants for the 2021 Chris Walker Education Fund (CWEF) have been finalized and awarded. Over $20,125 in total funds were awarded this year with nine grants going to individuals and three grants awarded to institutions, including the Equipment Leasing... Read Story
July 07, 2022, 07:19 AM


M&T Bank announced plans to launch its Multicultural Small Business Innovation Lab in Bridgeport, CT. This seven-week program is designed to help local multicultural business owners thrive, grow and pursue new ideas by providing guidance and skills... Read Story
July 05, 2022, 07:21 AM


Flower One Holdings Inc., a cannabis cultivator and producer in Nevada, announced its advancements with its ongoing restructuring, including the restructuring of its term debt and to its master lease. “This debt restructuring is a major step in our... Read Story
July 05, 2022, 07:20 AM


Fifth Third Bank’s "Feeding Our Communities" initiative, held each year in May, this year provided more than 8.4 million meals to fight hunger across its footprint. The total far exceeded the 5.3 million-meals goal the company set for its 2022 effort... Read Story
July 05, 2022, 07:00 AM


Tenet unveiled a new financial solution that lowers the cost of ownership for EVs and ushers in a new era that puts carbon-free emissions within reach for almost every new car owner and buyer. Launching with its innovative EV financing platform that... Read Story
July 01, 2022, 07:05 AM


HPC Industries LLC and Macquarie Group's Commodities and Global Markets group have formed a joint venture to produce recycled polyethylene terephthalate (rPET). Under the name Circularix, the venture's plans include building and operating five... Read Story
June 30, 2022, 07:11 AM


Great Place to Work and Fortune magazine have honored Liventus as one of this year’s Best Workplaces in Chicago. This is the company’s first time being named to this list, coming in 27th place. Liventus is a full-service and global business solutions... Read Story
June 30, 2022, 07:00 AM


Brad Peterson, President and Chief Executive Officer, announced that Channel has been named one of the Top 200 Workplaces in Minnesota by the Star Tribune. “The power behind our growth and success at Channel has always been our people and their... Read Story
June 29, 2022, 07:20 AM


Sumitomo Mitsui Banking Corporation (SMBC)  President and CEO Makoto Takashima announced that the bank has entered into a strategic alliance with Marathon Capital LLC for collaboration in ESG-related space.Marathon Capital, headquartered in Chicago... Read Story
June 29, 2022, 07:12 AM


Mitsubishi HC Capital America achieved record results from its Technology Finance team for fiscal year 2021, ending March 31, 2022. Offering supply-chain financing to value-added resellers (VARs) specifically in the technology industry, the team... Read Story
June 28, 2022, 06:55 AM


Encina Equipment Finance (EEF) announced it has provided an $8 million lease line to an environmental remediation company for the purchase of heavy-duty and light-duty trucks. EEF was represented by Reed Smith LLP.Launched in June 2017, Encina... Read Story
June 28, 2022, 06:50 AM


Equipment Finance Cares (EFC) held an event last week at Midland Hills Country Club in Roseville, MN hosted by Honour Capital. The event featured 58 equipment finance professionals from 35 different organizations. “EFC was excited to go back to where... Read Story
June 28, 2022, 06:47 AM


Beacon Funding Corporation, a provider of equipment financing to small businesses throughout the United States, was recognized this year with multiple accolades for excellence in company culture and employee benefits.Beacon Funding received two... Read Story
June 27, 2022, 07:17 AM


Verdant Commercial Capital announced it closed on a $75 million subordinated debt facility provided by Värde Partners, a global alternative investment firm. This capital will augment Verdant’s existing financing, allowing the company to further... Read Story
June 23, 2022, 07:22 AM


Truist Financial Corporation announced the grand opening of its Innovation and Technology Center, a space designed to reimagine the client experience for the more than 6 million interactions that take place daily at Truist. The 100,000-square-foot... Read Story
June 23, 2022, 07:07 AM


Fifth Third Bank, National Association, is deepening its commitment to customized leasing and financing solutions by integrating Celtic Commercial Finance and LaSalle Leasing as Fifth Third Technology Finance.Part of Fifth Third’s Equipment Finance... Read Story
June 22, 2022, 07:22 AM


Commercial Credit Group Inc. (CCG), an independent commercial equipment finance company based in Charlotte, NC, announced it has completed a $420,650,000 term asset-backed security (ABS) transaction. It was the company’s 15th asset-backed security... Read Story
June 22, 2022, 07:22 AM


ENGS Commercial Finance Co. announced the integration with Salesforce’s Tableau platform enhancing further ENGS proprietary AI engine and customer KPI analytics platform.“Utilizing our extensive database and proprietary predictive capabilities... Read Story
June 21, 2022, 07:19 AM


Geneva Capital has been named a top workplace in Minnesota, according to the Star Tribune.Star Tribune’s Top Workplaces recognizes the most progressive companies in Minnesota based on employee opinions (collected via a third-party survey). The survey... Read Story
June 21, 2022, 06:58 AM


Verdant Commercial Capital has been named a 2022 Top Workplace in the Greater Cincinnati and Northern Kentucky area by The Enquirer Media. The Top Workplaces list is based solely on employee feedback gathered through a third-party survey administered... Read Story
June 17, 2022, 07:16 AM


Ryder System, Inc., a provider of supply chain, dedicated transportation and fleet management solutions, announced the expansion of its freight brokerage business with a new office in Nashville, TN—a burgeoning U.S. logistics hub—followed by two... Read Story
June 17, 2022, 07:15 AM


Caterpillar Inc. announced it will move its global headquarters to the company’s existing office in Irving, TX, from its current location in Deerfield, IL.“We believe it’s in the best strategic interest of the company to make this move, which... Read Story
June 17, 2022, 07:10 AM


Fortune magazine and Great Place to Work have honored First American Equipment Finance as one of this year’s Best Workplaces in New York. This is First American’s sixth consecutive year being named to this distinguished list, this year coming in... Read Story
June 16, 2022, 07:10 AM


United Trust Bank (UTB) has chosen leading software specialist Alfa to transform the Bank’s Asset Finance operations with an integrated digital solution improving broker service and supporting UTB’s ambitious growth plans.UTB has commenced a project... Read Story
June 16, 2022, 07:06 AM


Orion First has begun servicing contracts for Conserv Capital. Nashville, TN-based Conserv established itself in 2015 as a premier lender to contractors and haulers for heavy equipment in the Southeast. Today, it has more than 1,500 pieces of... Read Story
June 15, 2022, 07:23 AM


Solifi, a global fintech software partner for secured finance, announced its newest technology partnership with EQ Riskfactor, a global provider of risk management software for the commercial finance market (part of Equiniti Group), to provide... Read Story
June 15, 2022, 07:18 AM


JDR Solutions Inc., a provider of third-party transaction servicing and infrastructure to the specialty finance industry, announced Sweet Leaf Madison Capital, an asset-based lender in the cannabis industry, has gone live on JDR’s third-party... Read Story
June 15, 2022, 07:17 AM


First National Capital Corporation (FNCC), a full-service commercial equipment and aviation finance provider, announced new heights of performance with its innovative employee equity program. FNCC announced the results of its most recent ESOP results... Read Story
June 14, 2022, 07:20 AM


APPROVE Payments launched a mobile app designed to let equipment sales professionals easily see up-to-the-minute information on pending financing applications for their customers, no matter where their work takes them.The APPROVE on the Move app is... Read Story
June 14, 2022, 07:16 AM


ENGS Commercial Finance Co. specializes in providing loans and leases for equipment and risk management products vital to organizations in the transportation, industrial and construction sectors. ENGS has a long history of prioritizing customer... Read Story
June 14, 2022, 07:15 AM


Fleet Advantage announced Vice President, Marketing and Business Development Katerina Jones has been named one of three Trailblazer Top Brand Innovators by the Transportation Marketing and Sales Association (TMSA).  This award recognizes individuals... Read Story
June 14, 2022, 07:07 AM


The average number of leases companies hold has returned to or exceeded pre-pandemic levels, according to the latest 2022 Lease Benchmark Report from accounting technology provider LeaseQuery. While the resurgence signals impressive resilience... Read Story
June 08, 2022, 07:15 AM


KBRA released its Equipment Loan & Lease indices for May 2022, providing monthly credit trends across securitized loan and lease pools. May remittance reports showed a slight softening of credit performance across securitized equipment loan and... Read Story
June 07, 2022, 07:00 AM


BNP Paribas announced the official opening of its redesigned office building at 787 7th Avenue in New York City. The 54-story skyscraper, built in 1986 and designed by Edward Larrabee Barnes, was formerly named the Equitable Center and now displays... Read Story
June 03, 2022, 07:05 AM


DLL, a global financial solutions provider, launched The New Office Blueprint, a whitepaper examining the historical significance of the office, the impact of pandemic-induced work and how businesses can best leverage a physical office moving forward... Read Story
June 01, 2022, 07:17 AM


Lloyds Bank has partnered with software specialist Alfa to make it easier for customers to use asset finance to manage their working capital. Managing capital effectively, ensuring the correct balance between funding growth, increasing stock, and... Read Story
May 26, 2022, 07:17 AM


Mitsubishi HC Capital Canada announced it has signed an agreement with a major construction equipment manufacturer to provide inventory financing for heavy excavators to more than 10 distributors operating in all Canadian provinces, and 40... Read Story
May 24, 2022, 07:20 AM


QuickFi was Best in Show at Finovate Spring 2022. QuickFi participated with 52 other companies at Finovate Spring 2022, a leading fintech event series and digital engagement platform.QuickFi is a 100 percent digital, self-service, business equipment... Read Story
May 23, 2022, 07:22 AM


Alfa, provider of Alfa Systems, a software platform for auto and asset finance, has published a new case study detailing a successful implementation project with CarMax Auto Finance (CAF), the finance arm of CarMax, the largest used car retailer in... Read Story
May 23, 2022, 07:16 AM


Geminus Acquisition & Management announced the official launch of Sonoma Capital Corp., bringing more competition to a market that needs better small-ticket equipment financing solutions.Sonoma Capital will offer modern equipment financing solutions... Read Story
May 20, 2022, 07:10 AM


Equipment Finance Cares Minnesota will be held Tuesday, June 21 from 1:30 p.m.-7 p.m. at the Midland Hills Country Club in Roseville, MN.“We are excited to go back to where Equipment Finance Cares started in 2021,” said Jesse Johnson, founder of... Read Story
May 19, 2022, 07:10 AM


The NFIB Research Center released an industry-specific Small Business Economic Trends report highlighting the construction, manufacturing, retail and services industries. The overall Optimism Index for small businesses in April was 93.2.“The... Read Story
May 19, 2022, 07:08 AM


LeaseQuery, a provider of software built to simplify the complexities of accounting, announced a reseller partnership with Cherry Bekaert LLP, an accounting and advisory firm offering specialized solutions across various industries. LeaseQuery has... Read Story
May 18, 2022, 07:10 AM


Global spending on the digital transformation (DX) of business practices, products and organizations is forecast to reach $1.8 trillion in 2022, an increase of 17.6 percent over 2021. According to a new update to the International Data Corporation... Read Story
May 17, 2022, 07:15 AM


F.N.B. Corporation announced its banking subsidiary, First National Bank, has been recognized with three Top Workplaces 2022 Culture Excellence awards for Innovation, Leadership and Work-Life Flexibility. These national awards celebrate organizations... Read Story
May 17, 2022, 07:05 AM


Dynamic Capital Equipment Finance Inc. announced the closing of a $200 million Committed Funding Facility with MOVE Trust and the committed MOVE Trust note investor, BDC, the bank for Canadian entrepreneurs. This is the fifth renewal and increase to... Read Story
May 12, 2022, 07:18 AM


Trinity Capital Inc., a provider of debt and equipment financing to venture capital backed growth stage companies, announced it has closed a $30 million equipment financing line for Aledia, a LED technology company that develops and manufactures next... Read Story
May 11, 2022, 07:20 AM


First Citizens Bank announced that its Middle Market Banking business provided a $60 million loan to Bahakel Communications to refinance existing debt and help finance future growth opportunities. Bahakel Communications is a family owned-and-operated... Read Story
May 11, 2022, 07:10 AM


NETSOL Technologies Inc. has successfully implemented its modern technology platform Ascent on the Cloud (LeasePak Version) for a North American lease and loan portfolio servicing provider. The client has deployed Ascent Retail’s Contract Management... Read Story
May 10, 2022, 07:00 AM


KBRA released its Equipment Loan & Lease indices for April 2022. April remittance reports continued to show solid credit performance across securitized equipment loan and lease pools, as annualized net losses in KBRA’s headline Equipment Loan & Lease... Read Story
May 09, 2022, 07:00 AM


Global vendor finance company DLL announced the closing of “DLLST 2022-1,” a U.S. securitization transaction issuing notes totaling $837 million. The notes are backed by loans and leases secured with office equipment and technology solutions.The... Read Story
May 05, 2022, 07:22 AM


A majority of small business owners report that inflation and supply chain disruptions are impacting their businesses, according to the Bank of America 2022 Small Business Owner Report. The survey of more than 1,000 business owners across the... Read Story
May 05, 2022, 07:00 AM


TopMark Funding produced another record-breaking quarter and is leading the year with a 29.2 percent gain against its first-quarter revenue goals. The company, which closed 2021 with an increased volume (total amount financed) of 2.3 times... Read Story
May 04, 2022, 07:15 AM


Equipment Finance Cares (EFC) held an event last week, at Great American Insurance Group’s headquarters in Cincinnati, OH. Over 40 equipment finance professionals attended, representing 26 different organizations. “We were excited to kick off EFC’s... Read Story
May 04, 2022, 07:05 AM


LeaseQuery, a provider of software built to simplify the complexities of accounting, announced its acquisition of Crowe Lease Accounting Optimizer (CLAO), a provider of lease accounting for NetSuite users. Crowe LLP, a public accounting, consulting... Read Story
May 04, 2022, 07:03 AM


Bob Rinaldi sat down with legendary leasing and finance entrepreneur David T. Schaefer, CEO of Orion First, for an exclusive interview. Orion played a vital role in the great migration of companies to third-party servicing. Bookmark and watch this... Read Story
May 03, 2022, 07:22 AM


The winners of Fast Company’s 2022 World Changing Ideas Awards were announced May 3, honoring clean technology, innovative corporate initiatives, brave new designs for cities and buildings, and other creative works that are supporting the growth of... Read Story
May 03, 2022, 07:17 AM


Data Sales Co., a provider of lease financing and IT Asset Disposition (ITAD), has announced the start of its 50th year in business On May 5, Data Sales Co. will kick off its 50th anniversary celebration at its Burnsville, MN, headquarters.... Read Story
May 03, 2022, 07:12 AM


Varilease Finance, Inc. (VFI) a corporate financing firm specializing in equipment and project financing, announced the closing of its asset-backed securitization.The issuance shortly follows VFI’s investment grade rating by the NRSRO; the... Read Story
May 03, 2022, 07:00 AM


Jack Henry & Associates announced that Old Second National Bank has expanded its collaboration with Jack Henry to support the bank's digital and growth strategy.Among the largest locally headquartered banks in the Chicago area, Old Second benefited... Read Story
May 02, 2022, 07:00 AM


The Equipment Leasing and Finance Association’s annual Legal Forum to be held May 1-3 in Washington, D.C. features a “Legal Update” on recent noteworthy cases and an agenda packed with a wide range of topics from workouts to workplace issues that... Read Story
April 29, 2022, 07:13 AM


DLL, global provider of asset-based financial solutions, delivered strong results for the 2021 business year, highlighted by exceptional net profits. The company recorded both portfolio and income growth during the year, while risk costs improved... Read Story
April 28, 2022, 07:25 AM


Encina Equipment Finance, LLC (EEF) announced the closing of a new non-recourse secured revolving loan facility with initial lending commitments from three lenders totaling $450 million. The new facility provides EEF with additional committed... Read Story
April 28, 2022, 07:22 AM


CIT, a division of First Citizens Bank, announced its Community Association Banking group has been selected as winner of the "Best B2B Payments Platform" award for C-PropertyPay in the sixth annual FinTech Breakthrough Awards program. The recognition... Read Story
April 28, 2022, 07:03 AM


May River Capital, a Chicago-based private equity firm focused on lower middle market industrial growth companies, announced the creation of Automated Handling Solutions, a newly established platform offering highly engineered material handling... Read Story
April 27, 2022, 07:17 AM


Ascentium Capital LLC, a national commercial lender, announced a positive start to the year, wrapping up the first quarter of 2022 with $392.5 million in financed volume. The company exceeded Q1 2021 volume by $81.4 million or 26.2 percent. “We saw a... Read Story
April 26, 2022, 07:23 AM


Worldwide IT and business services revenue is expected to grow by 5.6 percent (in constant currency) in 2022, according to the International Data Corporation (IDC) Worldwide Semiannual Services Tracker. In nominal dollar denominated revenue based on... Read Story
April 25, 2022, 07:07 AM


Gordon Brothers, the global advisory, restructuring and investment firm, has received $300 million in financing from Canada Pension Plan Investment Board (CPP Investments) through its subsidiary CPPIB Credit Investments Inc., increasing the firm’s... Read Story
April 22, 2022, 07:30 AM


Wintrust Commercial Finance (WCF), a division of Wintrust Asset Finance Inc., is celebrating seven years in business this month.Since its inception in 2015 with four founding employees, WCF has since grown to a staff of 50, including new personnel... Read Story
April 21, 2022, 07:18 AM


Mitsubishi HC Capital America has provided Seattle, WA-based energy-efficiency-as-a-service (EEaaS) company Allumia with a $40 million debt facility, allowing Allumia to expand its up-front cost coverage from the company’s growing portfolio of energy... Read Story
April 20, 2022, 07:12 AM


It is estimated that over a billion people participate in Earth Day every year, making it the largest secular observance in the world. As a leading innovator in truck fleet business analytics, equipment financing, and life cycle cost management... Read Story
April 20, 2022, 07:00 AM


Midland Equipment Finance, a division of Midland States Bank, announce Frederick Van Etten, Midland Equipment Finance President, was named to Arizona State University Alumni Association’s Sun Devil 100 Class of 2022. The Sun Devil 100 is an annual... Read Story
April 19, 2022, 07:11 AM


Peapack-Gladstone Financial Corporation celebrates the fifth anniversary of the launch of its equipment leasing and financing arm, Peapack Capital. Over the past five years, Peapack Capital, a Peapack-Gladstone Bank subsidiary founded in April of... Read Story
April 18, 2022, 07:15 AM


At its Annual Meeting, Merchants Financial Group, Inc., (MFGI) announced to shareholders that its Board of Directors has approved a 3-for-1 stock split (200 percent stock dividend), meaning investors will receive an additional two shares for each... Read Story
April 18, 2022, 07:00 AM


Pitney Bowes Inc., a global shipping and mailing company that provides technology, logistics and financial services, announced it has signed a new credit facility for Medgluv, Inc. of Coral Springs, FL. Medgluv, a manufacturer and distributor of... Read Story
April 14, 2022, 07:14 AM


Maxim Commercial Capital reported strong results for the first quarter. The company kicked off the year with record low delinquencies, increased fundings to better credits and strong demand for cash-out financings secured by real estate and equipment... Read Story
April 14, 2022, 07:10 AM


AP Equipment Financing funded a record $63.5 million in Q1, 50 percent year-over-year increase from Q1 2021. AP funded 906 transactions in Q1 2022, with an average transaction size of $70,040. “Our continued focus on providing superior personalized... Read Story
April 12, 2022, 07:23 AM


Leasepath, the cloud-first Intelligent Workplace Finance Origination (LOS) and Customer Engagement (CRM) platform built for equipment and asset finance, announced the partnership and successful integration with ConnectedFi, the UK-based... Read Story
April 12, 2022, 07:10 AM


APPROVE announced the launch of a new tool that allows equipment sellers to embed financing estimates and application links in sales quotes with a few clicks.The APPROVE for Equipment Vendors Chrome extension is the latest tech-based solution that... Read Story
April 12, 2022, 07:05 AM


MidCap Business Credit increased its senior credit facility with Wells Fargo Capital Finance to $200 million. This upsize will enable MidCap to support the growth of its existing asset-based lending business and support the launch of its equipment... Read Story
April 12, 2022, 07:00 AM


Star Hill Financial LLC, a certified Women Business Enterprise based in Fairfield, CT, announced first quarter fundings totaling over $26 million across its Equipment Finance and Franchise Finance divisions. “After building out our team and processes... Read Story
April 11, 2022, 07:22 AM


Eqpme, the online heavy equipment rental marketplace, announced the launch of an equipment damage protection program that will be offered to its equipment rental customers. The program will be underwritten by Great American Spirit Insurance Company... Read Story
April 11, 2022, 07:20 AM


Pacific Western Bank, the wholly owned banking subsidiary of PacWest Bancorp, announced the release of the 2021 Environmental Social Governance Report, which is available here. Some of the key developments that are highlighted in the 2021 Report... Read Story
April 11, 2022, 07:10 AM


Fleet Advantage announced Katerina Jones, Vice President, Marketing and Business Development, has been named a 2022 Influential Business Woman by the South Florida Business Journal. Each year, the South Florida Business Journal recognizes... Read Story
April 08, 2022, 07:06 AM


JDR Solutions Inc., a provider of support services and infrastructure to the equipment finance industry, launched JDR Streamline. JDR Streamline is a support offering that leverages JDR resources to assist equipment finance organizations with their... Read Story
April 07, 2022, 07:19 AM


As the first quarter of 2022 wraps up, the commercial finance industry continues to deal with inflation, supply chain issues and war in Ukraine. Considering this constantly shifting environment, Mitsubishi HC Capital America has identified five... Read Story
April 07, 2022, 07:17 AM


Targeted Lending Co., LLC, an independent equipment finance company, announced its first quarter loan originations increase 60 percent from the same period last year and 125 percent over the first quarter of 2020.“Targeted Lending Co. continues to... Read Story
April 06, 2022, 07:15 AM


Amur Equipment Finance, Inc. announced the results of its record-breaking first quarter, which established new benchmarks for both application and origination volume and represented a year-over-year growth rate of 100 percent compared to first... Read Story
April 05, 2022, 07:23 AM


Quality Leasing Co., Inc. announced a 102.2 percent increase in funding volume for first quarter 2022 over Q1 2021. With a 70.5 percent increase in the number of transactions booked and average contract size rising 21.4 percent to just under $100,000... Read Story
April 05, 2022, 07:22 AM


North Mill Equipment Finance LLC (NMEF), an independent commercial equipment lessor headquartered in Norwalk, CT, announced that first quarter loan and lease originations reached an all-time high of $109 million, up 99 percent from the same period... Read Story
April 05, 2022, 07:19 AM


Kroll Bond Rating Agency released its Equipment Loan & Lease indices for March. March remittance reports showed solid credit performance across securitized equipment loan and lease pools during the month, as annualized net losses in KBRA’s headline... Read Story
April 04, 2022, 07:00 AM


Fleet Advantage announced Senior Vice President of Fleet Operations Brian Antonellis, CTP and Senior Vice President of National Accounts Don Davis were recognized as 2022 Pros to Know by Supply & Demand Chain Executive. Every year, Supply & Demand... Read Story
April 01, 2022, 07:15 AM


EquipmentShare, an equipment and digital solutions provider serving the construction industry, was named one of the top Missouri employers on the list of America’s Best Startup Employers 2022 by Forbes and Statista. On the list of 500 companies... Read Story
April 01, 2022, 07:11 AM


This week’s Foundation Friday showcase is the MCTD Foundation. The interview is with Kirsten Dargy, Marketing Manager at LTi Technology Solutions. Dargy shares her story on how she has been impacted by MCTD and her involvement with the MCTD... Read Story
April 01, 2022, 07:07 AM


LeaseAccelerator announced the results of the 2022 Global Lease Accounting Survey conducted with its partner, Ernst & Young LLP (EY). With the ASC 842 and GASB 87 effective date delays over, organizations worldwide must now create, implement and... Read Story
April 01, 2022, 07:05 AM


The move to clean energy is on for commercial truck dealers, OEMs and upfitters looking for opportunities to retain and gain a competitive advantage, as well as meet environmental and sustainability goals. Electric vehicles (EVs) are among the first... Read Story
March 31, 2022, 07:16 AM


QuickFi is a finalist in three categories for the 2022 Banking Tech Awards USA: Best Use of IT for Lending, Best Innovation and Best Digital Initiative. Other recognized finalists in these categories include JP Morgan Chase, Citizens Financial Group... Read Story
March 30, 2022, 07:12 AM


MetaBank, N.A. announced it is changing its name to Pathward, N.A. To unite the company under a single identity following a series of strategic acquisitions, MetaBank initiated a brand strategy review last year. The new name, Pathward, is born out of... Read Story
March 30, 2022, 07:06 AM


Orion First has begun servicing contracts for Universal Finance Corp. Massachusetts-based Universal Finance has over the last 40 years established itself as a premier lender to the construction industry. The company now serves clients in a wide range... Read Story
March 29, 2022, 07:20 AM


Equipment Finance Cares Ohio will be held Tuesday, April 26 from 1:30 p.m.-6 p.m. at Great American Insurance’s headquarters in Cincinnati.“We have a great program set for our first of four EFC events in 2022,” said Jesse Johnson, founder of... Read Story
March 29, 2022, 07:05 AM


CIT, a division of First Citizens Bank, announced it is launching a new lending and leasing vertical focused on financing fleet golf cars, turf (grounds care) equipment, utility vehicles and similar equipment.Golf & Turf is part of CIT’s Business... Read Story
March 25, 2022, 07:25 AM


DLL, a global financial solutions provider, announced the expansion of its partnership with Vermont-based 501C3 non-profit, One Tree Planted, benefitting reforestation efforts in 2022.For every donation, One Tree Planted works with reforestation... Read Story
March 25, 2022, 07:19 AM


QuickFi founder and CEO Bill Verhelle sat down recently with FinTech Futures for its signature What the FinTech? podcast.In the News in Numbers section, Verhelle discusses the importance of APIs and their key role in digital banking following a new... Read Story
March 25, 2022, 07:14 AM


National Funding, Inc., one of the largest U.S. specialty finance companies serving small- and medium-sized businesses, announced it has made a strategic growth investment in Finova Capital, a business lender focused on merchant finance and the... Read Story
March 24, 2022, 07:19 AM


Social responsibility (SR) is a high priority for executives across for-profit companies and nonprofit organizations, and serving the social good is perceived as becoming more important – even essential – for most organizations, according to a new... Read Story
March 24, 2022, 07:05 AM


Pitney Bowes Inc. announced it has partnered with Funding Circle, an online small business lending platform, to provide loans to their small business customers.Powered by Funding Circle’s world class machine learning and technology platform, Pitney... Read Story
March 23, 2022, 07:16 AM


Leasepath, the cloud-first Intelligent Workplace Finance Origination (LOS) and Customer Engagement (CRM) platform built for asset finance, has entered into a strategic partnership with IDology, a GBG company and leader in digital identification... Read Story
March 22, 2022, 07:20 AM


The first quarter Phoenix Management “Lending Climate in America” survey results reveals the majority of lenders anticipate geopolitical tension and an increase in interest rates to be the biggest economic headwind in 2022.Phoenix’s Q1 2022 “Lending... Read Story
March 21, 2022, 07:10 AM


FinTech Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies and products in the global FinTech market, announced it has selected QuickFi by Innovation Finance USA, as winner of the “Best... Read Story
March 18, 2022, 07:21 AM


Fleet Advantage announced Katerina Jones, Vice President of Marketing and Business Development, and Jackie Jacobs, CLFP, Senior Fleet Transaction Analyst and Project Manager, were recognized as 2022 Top Women to Watch in Transportation by the Women... Read Story
March 18, 2022, 07:06 AM


Castlelake, a global alternative investment manager with 17 years of experience investing in asset-rich opportunities, and Chesswood Group, a specialty finance company with 40 years of experience in the commercial equipment finance market, announced... Read Story
March 17, 2022, 07:20 AM


Businesses are investing in technology to expand online operations and facilitate remote work during the pandemic. But many of those same businesses are also eager to see their employees return to the workplace in greater numbers over the long... Read Story
March 17, 2022, 07:15 AM


Crossroads Equipment Lease and Finance announced Lorraine Reynoso has been named one of Women in Trucking's 2022 Top Women to Watch in Transportation.Having held a variety of accounting, funding and customer facing roles over the past eight years... Read Story
March 16, 2022, 07:15 AM


Boston Financial & Equity celebrates Women's History Month by announcing that the last three of its four lease transactions are women-owned and women-run startup companies. All three have raised equity through venture and angel funds. All three are... Read Story
March 16, 2022, 07:10 AM


North Mill Equipment Finance LLC (NMEF), a mid-ticket equipment finance lender headquartered in Norwalk, CT, has launched a new company logo in support of the ongoing evolution and record growth of the organization. The brand refresh is timely as... Read Story
March 14, 2022, 07:22 AM


DLL, a global financial solutions provider and fully owned subsidiary of the Rabobank Group, announced an agreement with Mahindra & Mahindra Financial Services Limited (MMFSL) to extend their long-standing U.S. joint venture. The joint venture, under... Read Story
March 11, 2022, 07:25 AM


Siemens Smart Infrastructure and Siemens Financial Services launched a $100 million capital program aimed at advancing the decarbonization goals of small to medium sized enterprises. This infusion of capital will help small and medium businesses in... Read Story
March 11, 2022, 07:23 AM


Wells Fargo announced resources designed to help increase the growth of women-owned small businesses, including a $1.5 million grant to How Women Lead aimed at disrupting the unequal venture capital (VC) system for women founders. The grant will help... Read Story
March 11, 2022, 07:12 AM


Targeted Lending Co., LLC, a provider in the commercial equipment finance space, announced it has changed its name from Targeted Lease Capital, LLC and has launched its new interactive website www.targetedlending.com.Targeted Lending Co. (TLC) more... Read Story
March 09, 2022, 07:14 AM


Great Elm Capital Corp., a business development company, announced it has launched Great Elm Utica, LLC (GEU), a joint venture between GECC and Utica Leaseco, LLC, to co-invest in proprietary equipment financing transactions sourced by Utica.Founded... Read Story
March 07, 2022, 07:22 AM


LEAF Commercial Capital, Inc., a U.S. equipment leasing and finance company and subsidiary of People’s United Bank, announced its VAR Technology Finance and Vend Lease brands will become part of the LEAF brand. With this change, VAR Technology... Read Story
March 07, 2022, 07:16 AM


Kroll Bond Rating Agency (KBRA) released its Equipment Loan & Lease indices for February 2022.February remittance reports showed improving credit readings across securitized equipment loan and lease pools, as annualized net losses and 60+ day... Read Story
March 07, 2022, 07:00 AM


Independent niche asset finance funder, Rivers Leasing, and lease, loan and asset finance software solutions provider LTi Technology Solutions (LTi), have announced a partnership which provides small lenders with a platform that enables them to book... Read Story
March 03, 2022, 07:15 AM


AGCO Finance, a global provider of financing solutions for agricultural equipment, announced the official launch of its Climate Journey Campaign and associated thought leadership initiatives designed to reaffirm the organization as a trusted partner... Read Story
March 03, 2022, 07:10 AM


The Maurice A. Deane School of Law at Hofstra University has named Nicholas Tramposch as the recipient of the 2021-2022 Moritt Hock & Hamroff Business Law Honors Fellowship and Rachel November as the recipient of the 2021-2022 Marc L. Hamroff Annual... Read Story
March 03, 2022, 07:00 AM


This year’s Global Leasing Report is an exciting update for the industry, covering the status of global leasing markets in the months following the breakout of COVID-19. This one-of-a-kind report provides the data leasing firms need to understand the... Read Story
March 02, 2022, 07:22 AM


M&T Bank Chairman and CEO René Jones released his letter to shareholders, an annual tradition featuring candid insights on the banking industry and the communities in which M&T operates. This year's letter explores the impact of the pandemic, the... Read Story
March 02, 2022, 07:19 AM


The Truck Renting and Leasing Association (TRALA) announced Cohn & Dussi, LLC has joined as its newest Associate Member.Cohn & Dussi is a full-service Boston-based law firm. For more than 25 years, the firm has built a reputation for excellence in... Read Story
March 02, 2022, 07:10 AM


Shawn Smith, CEO of Dedicated Financial GBC, announced the company has launched a new website, www.dedicatedgbc.com.“We are pleased to be able to offer an enhanced user experience with our new website,” said Smith. “We have the best track record in... Read Story
March 01, 2022, 07:19 AM


“Equipping The Dream,” a reality show that debuted on deBanked TV in February, has become an immediate hit. The show, which takes place in Rochester, NH, and follows the journey of four aspiring business loan brokers through an equipment finance... Read Story
March 01, 2022, 07:00 AM


Cross River Bank, a technology driven infrastructure provider that offers embedded financial solutions, and Sunstone Credit, Inc., a technology-enabled solar loan finance platform for small and medium-sized businesses (SMBs), announced a partnership... Read Story
February 25, 2022, 07:05 AM


Xerox Holdings Corporation introduced FITTLE, the new name for its equipment financing business, at its Investor Day. The name is derived from “fit,” representing the right choice through speed, quality and ease of transacting, all of which are... Read Story
February 24, 2022, 07:25 AM


EPC, Inc., a wholly owned subsidiary of CSI Leasing, Inc. and one of the world’s largest IT asset disposition (ITAD) providers, announced the opening of a new Technology and Redeployment Center for used equipment in Saint Peters, MO, a suburb of St.... Read Story
February 24, 2022, 07:18 AM


The Bancorp Bank, the wholly owned banking subsidiary of The Bancorp, Inc., announced its newly established Conventional Loan Program for the funeral industry, provided through its Commercial Lending business.In partnership with Homesteaders Life... Read Story
February 23, 2022, 07:10 AM


Texas Capital Bancshares, Inc., the parent company of Texas Capital Bank, in coordination with the American Bankers Association (ABA), has expanded its Commercial Lending Certificate Program to Huston-Tillotson University in Austin, TX.Texas Capital... Read Story
February 23, 2022, 07:00 AM


Bob Rinaldi presents how artificial intelligence (AI) and machine learning can impact independent lessors in this video interviews blog, Leasing Avenues, with Scott Nelson Ph.D., President and Chief Digital Officer of Tamarack Technology, Inc. If you... Read Story
February 22, 2022, 07:21 AM


Food Logistics magazine has named Cristy Sinclair, Director of Food Safety for Penske Logistics, a recipient of the 2022 Rock Stars of the Supply Chain Award. The honor recognizes influential individuals whose achievements, hard work and vision have... Read Story
February 22, 2022, 07:05 AM


Equipment Finance Cares (EFC) announced the dates and locations for 2022 events.“We had three events last year that were well-attended and well-received by the equipment finance industry,” said Jesse Johnson, founder of Equipment Finance Cares. “EFC... Read Story
February 18, 2022, 07:11 AM


XS Financial Inc., a specialty finance company providing equipment financing solutions to cannabis companies in the United States, announce the following updates as of the year ended Dec. 31, 2021. Advancing its position as a leading CAPEX financing... Read Story
February 17, 2022, 07:05 AM


MMP Capital, a commercial financing company specializing in equipment financing, leasing and unsecured capital, announced 2021 was a record-breaking year with more than $203 million financed for MMP Capital clients. “The past two years have been a... Read Story
February 16, 2022, 07:19 AM


Solifi, a provider of mission-critical software for the secured finance industry, announced Exeter Finance extended its agreement to use the Solifi (formerly IDS and White Clarke Group) platform in more than 11,000 U.S. auto dealerships. Exeter... Read Story
February 15, 2022, 07:20 AM


After more than a decade of robust growth and the development of an impressive customer base throughout North America, Northpoint Commercial Finance announced its partnership with MitchCap to create a strategic Australasian partnership to better... Read Story
February 15, 2022, 07:07 AM


AP Equipment Financing has switched to use a remote online notarization (RON) for power of attorney and bills of sale documents during their customers’ transaction journey. This change to a RON will speed up the process of transactions for AP... Read Story
February 14, 2022, 07:15 AM


First National Capital has been awarded a Top Workplaces 2021 honor by Orange County Register Top Workplaces. The list is based solely on employee feedback gathered through a third-party survey administered by employee engagement technology partner... Read Story
February 11, 2022, 07:00 AM


Kapitus, a provider of small business financing, announced the closing of a $200 million asset-backed securitization (ABS). This new financing positions Kapitus for continued growth following a banner year in 2021, which saw the company’s highest... Read Story
February 10, 2022, 07:20 AM


The Greenbrier Companies, Inc. announced the completion of its first offering of railcar asset-backed securities (ABS) and long-term financing for GBX Leasing (GBXL), a joint venture between Greenbrier and The Longwood Group.GBXL’s wholly owned... Read Story
February 10, 2022, 07:19 AM


Pitney Bowes Inc., a global shipping and mailing company that provides technology, logistics and financial services, announced the Pitney Bowes Bank has signed a term loan and accompanying revolving line of credit with Zion Delivery Service, Inc... Read Story
February 10, 2022, 07:12 AM


NFS Leasing, Inc., a privately held provider of equipment finance across the U.S. and Canada, announced it is expanding its product offerings to include asset-based loans.An asset-based loan enables a company to access the equity in its business... Read Story
February 09, 2022, 07:20 AM


DLL, a global financial solutions provider, announced that the Commercial Finance Global Business Unit’s proprietary processing hub, @onceCF, is now live globally in 19 countries, 17 languages and 11 currencies. @onceCF enables Commercial Finance... Read Story
February 09, 2022, 07:15 AM


CSI Leasing, Inc. is kicking off its fiscal year by commemorating a significant milestone in its history, as 2022 marks the company’s 50th anniversary. To celebrate this important anniversary in a meaningful way, CSI will make a $50,000 donation to... Read Story
February 09, 2022, 07:12 AM


ENGS Commercial Finance Co., (ENGS), a member of Mitsubishi HC Capital Group (MHC), announced financial results for Fiscal Year 2021, with record originations and portfolio growth.In 2021, the ENGS equipment finance business originated more than $850... Read Story
February 08, 2022, 07:24 AM


White Oak Global Advisors, LLC (WOGA), a global alternative asset manager providing flexible and secure funding to help businesses grow, announced that the firm, together with its financing affiliates (collectively, White Oak), originated $2.1... Read Story
February 08, 2022, 07:18 AM


Ryder System, Inc., a provider of supply chain, dedicated transportation and commercial fleet management solutions, announced it has been named by Fortune magazine as one of the World's Most Admired Companies for 2022. This is the 10th consecutive... Read Story
February 08, 2022, 07:08 AM


First Business Bank has announced it has earned the 2022 Top Workplaces USA award, issued by Energage. The Top Workplaces program has a 15-year history of surveying more than 20 million employees and recognizing the top organizations across 60... Read Story
February 08, 2022, 07:00 AM


KBRA released its Equipment Loan & Lease indices for January. January remittance reports showed mixed credit readings across securitized equipment loan and lease pools during the December collection period. Annualized net losses in KBRA’s headline... Read Story
February 07, 2022, 07:07 AM


Liventus announced it has been recognized as a Great Place to Work company 2022 in the United States. The certification recognizes best workplaces and work culture based on a transparent employee survey. The survey was conducted over a period of... Read Story
February 07, 2022, 07:01 AM


1st Star Alacer LLC announced the availability of a range of professional services to help customers value, sell and finance manufacturing assets of machinery and equipment and inventory. The company now provides its customers in the U.S. with... Read Story
February 07, 2022, 07:00 AM


Ascentium Capital LLC, a national commercial lender, exceeded projections, reporting fourth quarter funding volume of $374.6 million. Fueled by strong performance in the quarter, the company ended the year at $1.43 billion, up 14 percent over the... Read Story
February 04, 2022, 07:23 AM


This week’s Equipment Finance Cares Foundation Friday showcase is the Tour de Cure- American Diabetes Association. The interview is with Todd Buzard, from First American Equipment Finance. Click here for video interview. On Aug. 26, 2016, Buzard’s... Read Story
February 04, 2022, 07:00 AM


KWIPPED Inc. announced it has changed its name and will now do business as APPROVE. Launched in 2015, KWIPPED is a B2B equipment marketplace and e-commerce platform that enables businesses to efficiently rent, buy or finance a wide range of equipment... Read Story
February 03, 2022, 07:14 AM


The American Association of Commercial Finance Brokers (AACFB) announced Kyla Rangaard as the winner of its 2022 educational scholarship.In October of 2020, the AACFB announced the new scholarship program open to high school seniors and students... Read Story
February 03, 2022, 07:00 AM


Solifi (formerly IDS), a global software partner for secured finance, exited 2021 – a transformational year of growth – with the launch of its new website www.solifi.com. The website encompasses the company’s complete market-leading portfolio of... Read Story
February 02, 2022, 07:23 AM


JDR Solutions Inc., a provider of support services and infrastructure to the equipment finance industry, announced that 2021 was its highest revenue-generating year in company history.“JDR continues to keep their finger on the pulse of the... Read Story
February 02, 2022, 07:21 AM


NFS Leasing, Inc. announced that it achieved 16 percent year-over-year growth of originations in 2021.“Our growth throughout 2021 speaks to the strength of our team, our ability to move quickly in response to company inquiries and the value we bring... Read Story
February 02, 2022, 07:20 AM


First American Equipment Finance announced it was honored as No. 29 on the 2022 Top Workplaces USA list (150-499 full-time equivalent), issued by Energage. Energage is a purpose-driven organization that develops solutions to build and brand Top... Read Story
February 02, 2022, 07:16 AM


Visual Lease announced results from 2021, reporting a 29 percent increase in customer count and 28 percent increase in annual recurring revenue year-over-year, making it the fourth consecutive year that the company has experienced double-digit growth... Read Story
January 31, 2022, 07:00 AM


Amur Equipment Finance, Inc. closed its 10th term securitization - its largest ever - in which it issued $483 million in notes secured by equipment loans and leases originated through its platform.“We entered 2021 with an ambitious growth plan, which... Read Story
January 28, 2022, 07:23 AM


Mitsubishi HC Capital (U.S.A.) Inc. recently surpassed $1.5 billion in lease and finance originations through its Corporate Asset Finance group (CAF). Launched six years ago, CAF has transacted with over 200 new customers and recorded over $4.5... Read Story
January 28, 2022, 07:19 AM


LeaseQuery announced it surpassed 2,000 customers in 2021, seeing 50 percent customer growth amid other key growth areas in last year. LeaseQuery’s momentum throughout 2021 is attributed to expanded product offerings to meet evolving customer and... Read Story
January 28, 2022, 07:00 AM


BlueCrest, a global provider in the high-volume postal and parcel automation market, announced the launch of BlueCrest Financial Services. BlueCrest Financial Services is a new offering that provides flexible financing tailored to each client’s... Read Story
January 27, 2022, 07:14 AM


Boston Financial & Equity recently closed a $3 million equipment lease line pari-passu with a partner.The company based in California, formed in May 2021, has raised a $20 million A round and is focused on the lithium ion battery manufacturing... Read Story
January 27, 2022, 07:12 AM


Tamarack Technology, Inc., a provider of independent software solutions in the equipment finance and commercial lending industry, has launched its artificial intelligence (AI) offering. Tamarack.ai is a business intelligence and productivity platform... Read Story
January 26, 2022, 07:23 AM


Wingspire Capital achieved a milestone of exceeding $1 billion in commitments in just its second year of operations as it provided more than $600 million in senior secured financing commitments for 2021.Wingspire’s 2021 transactions ranged in size... Read Story
January 26, 2022, 07:09 AM


Maxim Commercial Capital announced it fulfilled the financing needs of small and mid-sized businesses (SMBs) in 41 states during 2021, despite global disruptions in the equipment industry and the lingering pandemic. Maxim lends from $10,000 to $3,000... Read Story
January 25, 2022, 07:14 AM


Middle-market companies and private-equity firms foresee an extremely strong year for the M&A market in 2022, with bullish forecasts for both deal volumes and for company valuations, according to a Citizens survey of 400 leaders at U.S. middle market... Read Story
January 24, 2022, 07:12 AM


Every year, AP Equipment Financing encourages its team members to nominate their favorite charity for a charitable donation. AP wants to give back to organizations that their employees hold near and dear to their hearts, whether it is a local... Read Story
January 24, 2022, 07:00 AM


Northteq, Inc. continues to grow its impact on the equipment finance industry with the onboarding of 25 new loan origination clients in 2021. Attributing to the success, Northteq continues to partner with fintech companies to help create an enhanced... Read Story
January 21, 2022, 07:17 AM


First American announced applications for its Future Leaders of Manufacturing Scholarship are open and being accepted through March 10.In its fifth year, the scholarship award is for $3,000 and will be granted to a college student pursuing a degree... Read Story
January 21, 2022, 07:05 AM


This week’s Foundation Friday showcase is the St. Teresa Orphans Foundation. The interview is with Willis Kleinjan, CEO of Northland Capital.Click here for video interview. St. Teresa Orphans Foundation (STOF) is a non-profit organization which... Read Story
January 21, 2022, 07:00 AM


Wingspire Capital announced the expansion of its product mix with the creation of a dedicated Equipment Finance division that will offer a full suite of flexible capital solutions delivered with Wingspire’s trademark level of creativity, flexibility... Read Story
January 20, 2022, 07:24 AM


ACG Equipment Finance, a division of American Bank, N.A., originated a record $107 million in funded equipment finance contracts in 2021, a 39 percent increase over 2020.“Our 2021 results can be attributed to our highly skilled and experienced team... Read Story
January 20, 2022, 07:10 AM


Orion First has surpassed $3 billion in assets under management. This milestone comes shortly after reaching its previous benchmark of $2 billion in 2020.The assets under management consist of small business commercial loans and leases for which... Read Story
January 19, 2022, 07:25 AM


Dedicated Financial GBC CEO Shawn Smith reported the company’s 2021 charitable impact, which included feeding approximately half a million children and contributing over a quarter of a million dollars to charitable causes that are important to the... Read Story
January 19, 2022, 07:15 AM


Constellation Financial Software, a leasing and portfolio management software provider, announced the rebrand of Casitron to Focus, as well as its immediate availability in the U.S. Focus was previously known as Casitron in the Canadian leasing and... Read Story
January 19, 2022, 07:00 AM


Commercial Fleet Financing, Inc., a provider of transportation equipment financing, reported annual financial results ending Dec. 31, 2021, of $196,466,000 in fundings. CFF funded 2,357 transactions with an average transaction size of $83,300."Our... Read Story
January 18, 2022, 07:15 AM


South End Capital, a division of Stearns Bank N.A., a nationwide $2.2 billion direct lender and tech-enabled business, real estate and equipment loan platform offering loans from $1,000 to $80 million in all 50 States and D.C., has announced the... Read Story
January 14, 2022, 07:02 AM


Global Business Development Division (GBD), a New York-based sales team at Mitsubishi HC Capital (U.S.A.) Inc. (MHCUSA), has closed a $13 million working capital financing for large wind power projects outside the United States.MHCUSA is acting in... Read Story
January 14, 2022, 06:50 AM


Regents Capital Corporation, a provider of equipment leasing and financing solutions to middle-market borrowers, announced the closing of a $25.0 million investment-grade rated corporate note financing provided by a consortium of prominent... Read Story
January 13, 2022, 07:21 AM


Bob Rinaldi announced the latest addition to his Leasing Avenues blog with a video interview with Chris Chiappetta, a long-time leasing entrepreneur who navigated the process from being a startup broker, to a lessor, to a successful exit, to First... Read Story
January 13, 2022, 07:20 AM


CIT, a division of First Citizens Bank, announced its Aerospace, Defense and Government business provided financing for seven leased helicopters managed by Thora Capital.The helicopters, used for emergency medical transport services, are on long-term... Read Story
January 13, 2022, 07:19 AM


ENGS Commercial Finance Co., a member of Mitsubishi HC Capital Group (MHC), announced an integration with Box, a leader in cloud content management, to elevate its back-office system for securely managing customer account records.The Box integration... Read Story
January 13, 2022, 07:08 AM


Ivory Consulting Corporation, a provider of equipment lease and loan software, announced SuperTRUMP, its flagship product and the proven solution for modeling and pricing complex leases and loans, has been selected by five asset finance businesses in... Read Story
January 13, 2022, 07:07 AM


The Risk Management Association (RMA) announced that 19 leading banks have formed the RMA Climate Risk Consortium ("The Consortium"), which will develop standards for banks to integrate climate risk management throughout their operations, preparing... Read Story
January 13, 2022, 07:05 AM


Financial Partners Group (FPG) announced FY 2021 as a record year for the company. FPG closed December with a record $52 million in origination volume, bringing the company to a total $370 million for 2021. “The trajectory continues to quickly move... Read Story
January 12, 2022, 07:25 AM


Wintrust Specialty Finance (WSF), a division of Beverly Bank & Trust Company, N.A., exceeded a half-billion dollars in assets and three-quarter billion dollars in funding in its first three years by earning market share with equipment vendor partners... Read Story
January 12, 2022, 07:24 AM


Trinity Capital Inc., a specialty lending company that provides debt, including loans and equipment financing, to growth-stage companies backed by technology banks, venture capital and private equity firms, announced highlights for the quarter and... Read Story
January 11, 2022, 07:10 AM


For the third year in a row, Onset Financial has obliterated its previous year’s funding totals, with over $550 million in total lease transactions. This number represents a nearly 90 percent increase in year-over-year total business volume."One of... Read Story
January 10, 2022, 07:23 AM


KBRA released its Equipment Loan & Lease indices for December 2021.December remittance reports showed credit performance weakened across most securitized equipment loan and lease pools during the November collection period. Annualized net losses in... Read Story
January 10, 2022, 07:00 AM


Shawn Smith, CEO of Dedicated Commercial Recovery, Inc., announced the company is becoming Dedicated Financial GBC to reflect its expanding business and charitable support programs.“Since our founding, we have been a financial services company... Read Story
January 07, 2022, 07:20 AM


North Mill Equipment Finance LLC (NMEF) a commercial equipment lender headquartered in Norwalk, CT, announced 2021 was the best year in the company’s six decades-long history. Organic originations reached an all-time high and delinquencies hit an all... Read Story
January 07, 2022, 07:17 AM


This week’s Foundation Friday showcase is the multiple foundations/charities that Dedicated Commercial Recovery supports. The interview is with Shawn Smith, from Dedicated Financial GBC. Click here for video interview. Foundations and Charites... Read Story
January 07, 2022, 07:00 AM


Fairfield Capital Group, LLC announced its renewable energy practice advised, arranged and closed almost $360 million of lease financings for renewable energy equipment in 2021. Fairfield Capital, which was founded in 2004, is a boutique investment... Read Story
January 06, 2022, 07:19 AM


Amur Equipment Finance, Inc. has been Certified by Great Place to Work for the fourth year in a row. This year, Amur employees again confirmed that the company is a Great Place to Work, rating Amur 31 points higher than the average U.S. company.“This... Read Story
January 06, 2022, 07:18 AM


AP Equipment Financing funded a record $239 million in 2021, a 22 percent growth over 2020. AP’s growth came despite supply chain issues and equipment shortages that affected its vendors customers in 2021.AP Equipment Financing President Chris Lerma... Read Story
January 05, 2022, 07:30 AM


Shea Huston and Brian Slipka, co-founders and Partners at Honour Capital, announced that in 2021 the company completed transactions totaling over $100 million in capital financing. Honour Capital launched in October 2020.“We have experienced... Read Story
January 05, 2022, 07:23 AM


AACFB lost one of its founding members and former board member, Jim Blizzard, on Dec. 31. He passed at his home in Goldsboro, NC, and is survived by his wife of 53 years Dickey Blizzard, daughter Jamey Howey and his granddaughter Madelyn Howey as... Read Story
January 05, 2022, 07:17 AM


Small and midsize U.S. business leaders remain confident in their companies and resourceful in their approaches to confronting macroeconomic challenges that have created growing pains over the last year, finds JPMorgan Chase’s 2022 Business Leaders... Read Story
January 05, 2022, 07:15 AM


NETSOL Technologies, Inc., a worldwide IT and enterprise application solutions provider to the global asset finance and leasing industry, has successfully achieved SOC 2 Type 1 compliance, with a global audit conducted by A-LIGN, the first licensed... Read Story
January 05, 2022, 07:00 AM


Western Equipment Finance transitioned from a subsidiary to a division of Western State Bank effective Jan. 1, 2022. The finance company will continue to operate as a leader in the equipment finance sector with its current tradename of Western... Read Story
January 03, 2022, 07:15 AM


Trinity Industries, Inc. announced the completion of the previously announced sale of its highway products business for $375 million in cash subject to certain adjustments based on levels of cash, debt, and working capital at closing and for certain... Read Story
January 03, 2022, 07:05 AM


Dedicated Commercial Recovery CEO Shawn Smith and Lease Security Systems President Frank Thibodeau announced their companies have forged an agreement for a mutual referral relationship. The agreement centers on Dedicated Commercial Recovery use of... Read Story
December 29, 2021, 07:22 AM


Cerebro Capital, a commercial loan marketplace, released its Q3 2021 survey on non-bank lending for middle-market commercial and industrial (C&I) loans. Cerebro reports lenders continued to ease lending standards, making it easier for businesses to... Read Story
December 29, 2021, 07:14 AM


BNP Paribas Leasing Solutions announced the successful issuance of its first securitization on behalf of its affiliate BNP Paribas Lease Group SA. The $566 million (EUR 500 million) transaction is the first ever public securitization on professional... Read Story
December 28, 2021, 07:15 AM


South End Capital, a division of Stearns Bank N.A., a commercial lender and tech-enabled business, real estate and equipment finance platform, has announced another record-breaking month for equipment financing. The 499 equipment financings in... Read Story
December 27, 2021, 07:18 AM


The results of a nationwide survey conducted by Balboa Capital, a business lender specializing in equipment financing and small business loans, reveal 82 percent of small business owners (SBOs) plan to use Section 179 of the Internal Revenue Code to... Read Story
December 22, 2021, 07:19 AM


LTi Technology Solutions, a provider of a lease and loan cloud platform to equipment and asset-based finance companies, announced it has donated over $5,000 to foster charity Foster Love.Foster Love is a local shopping boutique where local foster... Read Story
December 20, 2021, 07:07 AM


BankProv, a commercial bank that offers adaptive and technology-first banking solutions to emerging markets, announced its partnership with CrossTower, a trading platforms and digital asset investment firm, to provide equipment financing for Bitcoin... Read Story
December 17, 2021, 07:25 AM


Accord Financial Corp. announced the closing of its first private securitization facility agented by a Fortune 500, A.M. Best A+ rated Canadian life insurance company. This $100 million facility is a significant milestone for Accord, advancing the... Read Story
December 17, 2021, 07:22 AM


This week’s Foundation Friday showcase is The Tam Ky Project. The interview is with Maggie Holly, Credit and Operations Manager at Hanmi Bank and President/Founder of the Tam Ky ProjectClick here for video interview. The Tam Ky Project improved the... Read Story
December 17, 2021, 07:00 AM


First Business Bank announced the closing of a $4 million inventory floorplan line of credit for Direct Auto, an independent car dealer in Mississippi, through First Business Bank’s Floorplan Financing group.Owners of Direct Auto, Art Hadler, Jr. and... Read Story
December 16, 2021, 07:18 AM


CIT Group's Middle Market Banking business provided $6.3 million to refinance corporate office properties for Diamond Communications LLC. Diamond Communications is one of the largest private wireless infrastructure companies in the U.S., managing... Read Story
December 16, 2021, 07:10 AM


CIT Group Inc. announced the results of its fourth annual One Million Meals campaign to fight hunger in partnership with Feeding America. CIT customers, employees, social media fans and others joined in to support the donation of 1.5 million meals to... Read Story
December 14, 2021, 07:10 AM


Regents Capital Corporation has been awarded a 2021 Top Workplaces honor by The Orange County Register and is ranked at No. 19 in the small business category. The list is based solely on employee feedback gathered through a third-party survey... Read Story
December 14, 2021, 07:00 AM


The NFIB Research Center released the quarterly Small Business Economic Trends industry report, highlighting the construction, manufacturing, retail and services industries.“Small businesses in every industry are facing challenges like the staffing... Read Story
December 13, 2021, 07:10 AM


Atalaya Capital Management, an alternative asset manager focused on asset-backed private credit and special opportunities, announced the securitization of equipment leasing assets from its Atalaya Equipment Leasing Fund I (AELF). The ABS issuance was... Read Story
December 10, 2021, 07:24 AM


Andrea B. Smith, a longtime member of Bank of America’s executive management team, was honored as the Charlotte Regional Business Alliance’s 2021 Citizen of the Carolinas.The Alliance’s most prestigious award is given annually to a Carolinian who has... Read Story
December 10, 2021, 07:15 AM


This week’s Foundation Friday showcase is The Ridgewood School in Springfield, OH. The interview is with Scott Thacker of Ivory Consulting.Click here for video interview To donate please go to: https://www.ridgewoodschool.org/giving/ Read Story
December 10, 2021, 07:00 AM


KKR, a global investment firm, announced the launch of Stellar Renewable Power, a new platform that will source, develop and operate utility-scale solar plants and storage facilities on behalf of KKR’s asset-based finance (ABF) strategy. Stellar will... Read Story
December 09, 2021, 07:22 AM


Channel announced it has completed its first securitization, a $105 million issuance of asset-backed notes collateralized by small business loans and advances across a diverse set of industries.The notes consist of three classes, rated A (sf), BBB... Read Story
December 08, 2021, 07:21 AM


Centra Funding, an equipment financing company serving many small companies and equipment vendors nationwide, has joined the APPROVE lending network, a fintech solution with algorithms that match B2B equipment buyers with optimized equipment... Read Story
December 08, 2021, 07:20 AM


PEAC Finance has completed a major project to upgrade Alfa Systems, subsequently launching new business for its recently acquired Barclays Asset Finance operation.Alfa, creator of the leading asset finance software platform Alfa Systems, has... Read Story
December 08, 2021, 07:10 AM


The first Soil-as-a-Service (SaaS) company, MyLand Company LLC, announced it has entered into a financing agreement with CSC Leasing Company, a family-owned equipment leasing firm. The leasing facility will allow MyLand to expand its installed base... Read Story
December 08, 2021, 07:05 AM


Onset Financial was honored to host the Fourth Annual Onset Gives Winter Gala at The Grand America in Salt Lake City, UT. The event was held in honor of those affected by breast cancer – awareness and early detection were the focus of the... Read Story
December 07, 2021, 07:10 AM


Fortune and Great Place to Work have honored First American Equipment Finance as one of the 2021 Best Workplaces for Parents. It is First American’s first time being named to this prestigious list, coming in at 49th place.The Best Workplaces for... Read Story
December 06, 2021, 07:20 AM


Accord Financial closed a $15 million facility for an oil and gas services company. Its newest client provides transportation, environmental and related services to the Oil and Gas sector. With operations in Alberta and BC, this company, a leader in... Read Story
December 03, 2021, 07:10 AM


Verdant Commercial Capital announced it is moving its headquarters to a new location in Cincinnati, OH. Due to its growth and the number of new employees the company has added over the past four years, Verdant needed to expand its main... Read Story
December 02, 2021, 07:05 AM


Commercial Equipment Finance, Inc. (CEFI), an independent commercial equipment finance company headquartered in Puerto Rico, announced it has closed a $90.9 million asset-backed security (ABS) transaction. The proceeds will be used to pay down... Read Story
December 01, 2021, 07:19 AM


Solifi (formerly IDS), a global fintech software partner for secured finance, announced Sunflower Bank as its first client to move mission-critical asset-based lending (ABL) operations to the Solifi software-as-a-service (SaaS) platform. Solifi... Read Story
December 01, 2021, 07:18 AM


Supply chain disruptions are a prominent concern currently in the U.S. and across the globe. “We are all aware of the container ships lined up at ports, and months’ long delays in delivery times,” said Kirk Mann, Senior Vice President and General... Read Story
November 30, 2021, 07:18 AM


Kroll Bond Rating Agency (KBRA) released its outlook on the ABS sector, examining key trends from 2021 and providing forecasts for the new year.KBRA expects some of the same tailwinds that benefited the ABS market over the past year to continue into... Read Story
November 30, 2021, 07:07 AM


The International Factoring Association (IFA) is saddened to announce that Founder and Executive Director Bert Goldberg has died after his battle with cancer. Mr. Goldberg was diagnosed in April, 2021, with stage four pancreatic cancer. He passed... Read Story
November 30, 2021, 07:05 AM


Fleet Advantage announced Al Barner, CTP, Vice President of Business Development, will be presenting at the CCJ Solutions Summit. Barner will address Equipment Spec’ing With Drivers In Mind, and his session will take place on Dec. 1, from 4 – 4:45... Read Story
November 30, 2021, 07:00 AM


Mitsubishi HC Capital Canada (formerly Hitachi Capital Canada) has been named a winner of the 2021 Canada’s Most Admired Corporate Cultures program. This national program recognizes best-in-class Canadian organizations for fostering high-performance... Read Story
November 29, 2021, 07:17 AM


DLL and the European Investment Bank (EIB) have signed new lending agreements that will make available up to $418.8 million in new lending to climate-conscious SMEs in the Benelux. The EIB will provide $68 million in sustainability lending for... Read Story
November 29, 2021, 07:15 AM


1st Commercial Credit, LLC, a nationwide funding company that specializes in accounts receivable factoring and trade payable financing, has introduced an equipment financing program for various size companies, credit score ranges and industries. 1st... Read Story
November 22, 2021, 07:24 AM


Wolters Kluwer Compliance Solutions has named Illinois-based Wintrust Financial Corporation (Wintrust) and Armed Forces Bank (AFB), headquartered in Leavenworth, KS, as winners of its 2021 Community Impact Award. The announcement was made at the... Read Story
November 22, 2021, 07:12 AM


Solifi (formerly IDS), a global fintech software partner for secured finance, announced it has secured 11 new customers and 14 go-lives to date in 2021. With its unique open finance platform driving record-breaking growth and digital transformation... Read Story
November 19, 2021, 07:24 AM


Visual Lease announced it ranked No. 264 on the Deloitte Technology Fast 500, a list of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech and energy tech companies in North America. Visual Lease’s revenue grew by... Read Story
November 19, 2021, 07:05 AM


This week’s Foundation Friday showcase is Technovation [MN}. The interview is with Deborah Reuben, CEO and Founder of TomorrowZone, and Lisa Schlosser, Executive Director of Technovation [MN]. Click here for video interview: “Enabling young women to... Read Story
November 19, 2021, 07:00 AM


First American Equipment Finance opened its new doors at 211 High Point Drive in Victor, NY. The equipment finance company built its innovative new headquarters to accommodate growth and the evolving work environment. Since 1999, First American’s... Read Story
November 18, 2021, 07:20 AM


SatLease Capital announced its official takeoff aiming to disrupt the satellite telecommunications industry, revolutionizing the way that firms finance telecommunications equipment. The new venture is focused on serving both maritime and land... Read Story
November 18, 2021, 07:18 AM


LeaseQuery announced it ranked No. 93 on the Deloitte Technology Fast 500, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech and energy tech companies in North America, now in its 27th year. LeaseQuery... Read Story
November 18, 2021, 07:03 AM


KeyBank announced a $300,000 donation to the University of Colorado Leeds School of Business Office of Diversity Affairs in support of the school’s diversity, equity and inclusion efforts.The financial commitment will allow the Leeds School of... Read Story
November 17, 2021, 07:22 AM


GA Telesis closed a new five-year, $225 million ABL credit facility led by HSBC Bank USA and Fifth Third Bank as Joint Lead Arrangers. The syndication was met with overwhelming interest and allowed the Company to improve terms while expanding its... Read Story
November 16, 2021, 07:02 AM


This week’s Foundation Friday showcase is The Slipka Foundation. The interview is with Brian Slipka, Founder and Partner of Honour Capital and Co-Founder of the Slipka Foundation.  Click here for video interview. The Slipka Foundation supports... Read Story
November 12, 2021, 07:00 AM


ENGS Commercial Finance Co., a member of Mitsubishi HC Capital Group, has been awarded a Top Workplace 2021 honor by the Chicago Tribune Top Workplaces as one of the most dynamic and industry leading business in the Chicagoland area. This marks the... Read Story
November 10, 2021, 07:11 AM


Leica Geosystems announced the launch of a new, tech-driven equipment financing solution, APPROVE, for its customers.APPROVE, which integrates financing options into Leica’s website and all points-of-sale, was developed by KWIPPED Inc., a technology... Read Story
November 10, 2021, 07:05 AM


Chesswood Group Limited, a publicly traded North American specialty finance company providing commercial equipment leases and loans, business loans and home improvement financing, reported its results for its third quarter ended Sept. 30."The third... Read Story
November 08, 2021, 07:17 AM


Kroll Bond Rating Agency (KBRA) released its Equipment Loan & Lease indices for October 2021.KBRA’s Equipment Loan & Lease Index exhibited relatively stable credit performance during the October reporting period. Annualized net losses remained below... Read Story
November 08, 2021, 07:10 AM


This week’s Equipment Finance Cares Foundation Friday showcase is Love Life Now Foundation. The interview is with Lovern Gordon, from Boston Financial and Founder of Love Life Now.  Click here for video interview:... Read Story
November 05, 2021, 07:00 AM


Global vendor finance company DLL announced the closing of “DLLMT 2021-1,” a U.S. securitization transaction issuing notes totaling $1 billion. The notes are backed by loans and leases secured with construction, transportation and industrial related... Read Story
November 04, 2021, 07:25 AM


Metropolitan Commercial Bank announced it has been included in Fortune’s 100 Fastest-Growing Companies for 2021. Fortune’s annual list ranks the top-performing publicly traded companies in revenues, profits and stock returns over the three-year... Read Story
November 04, 2021, 07:10 AM


Ascentium Capital LLC announced continued growth during the third quarter of 2021. Financing volume increased $82 million, up 26 percent from the prior-year period. Strategic execution and ongoing economic recovery resulted in strong performance this... Read Story
November 03, 2021, 07:20 AM


Trinity Capital Inc., a specialty lending company that provides debt, including loans and equipment financing, to growth stage companies backed by technology banks, venture capital and private equity firms, announced it has entered into a new $300... Read Story
November 02, 2021, 07:22 AM


CIT Group Inc. announced the start of its annual partnership with Feeding America to help provide One Million Meals to people facing hunger across the country."We're proud to again partner with Feeding America on our annual hunger-relief campaign to... Read Story
November 02, 2021, 07:07 AM


At its launch event, DFS Solutions introduced the Certified Commercial Finance Managers Association (CCFMA). “The CCFMA will serve not only as the governing body for CCFMs but will also provide comprehensive education programs to help those in our... Read Story
November 02, 2021, 07:05 AM


The European Investment Bank and DLL Ireland formally agreed on a new $93.5 million (EUR 80 million) green business investment initiative, set to accelerate adoption of low energy and low emission equipment and machinery by companies across... Read Story
October 29, 2021, 07:16 AM


This week’s Foundation Friday showcase is Beyond Blindness in Santa Ana, CA. The interview is with Jaimie Haver, from Happy Manufacturing, Kevin Fuhrmann - Director of Fund Development and Carol Trapani - Board Chair from Beyond Blindness. Click here... Read Story
October 29, 2021, 07:00 AM


Solifi, formerly IDS, a global fintech software partner for secured finance, announced Stonebriar Commercial Finance has extended its relationship with Solifi as Solifi provides its software-as-a-service (SaaS) technology platform to support... Read Story
October 27, 2021, 07:24 AM


Chesswood Group Limited announced that its subsidiary Pawnee Leasing Corporation has closed its marketed U.S. securitization of receivables. Proceeds from this securitization totaled $356 million and will be used to repay Pawnee's warehouse facility... Read Story
October 27, 2021, 07:20 AM


Bridge Bank announced it has increased the credit facility provided last year to YES Leasing, a Miami, FL-based commercial equipment leasing company specializing in funding business owners with challenged credit. The increased credit facility will... Read Story
October 27, 2021, 07:00 AM


Element Fleet Management Corp. announced its relationship with industry leaders ChargePoint and WEX to provide Element clients with access to ChargePoint’s growing nationwide charging network. This strategic relationship provides a consolidated... Read Story
October 25, 2021, 07:10 AM


Ritchie Bros.’ October Market Trends Report continues to show positive pricing trends across all its equipment indexes, with vocational truck prices up 35 percent in the United States, while truck tractors and medium earthmoving are up 46 percent and... Read Story
October 25, 2021, 07:05 AM


Onset Financial continues funding at a record-breaking pace in 2021 as it aims to surpass a half-billion dollars in annual fundings by the completion of October.“We are grateful to our customers and funding partners who have made this year possible.... Read Story
October 22, 2021, 07:24 AM


Verdant Commercial Capital announced the company has surpassed its first $1 billion in equipment financing originations. This milestone means Verdant has helped its equipment vendor business partners finance more than $1 billion in equipment for... Read Story
October 22, 2021, 07:22 AM


Equipment Finance Cares announced its latest initiative, Foundation Fridays. “The Foundation Friday’s initiative will allow for additional awareness to the charities and foundations that equipment finance professionals are associated with,” said... Read Story
October 22, 2021, 07:00 AM


Commercial Credit Group Inc. (CCG), an independent commercial equipment finance company based in Charlotte, NC, announced the closing of a 144a privately placed term asset-backed security (ABS) transaction. The $319,395,000 financing was placed with... Read Story
October 21, 2021, 07:20 AM


SMBC, a member of SMBC Group, announced it has closed a $642 million Green Loan and acted as Co-Managing Underwriter on $273 million of Private Activity Bonds (Green Bonds) for the construction of the FM Area Diversion Project in the Fargo-Moorhead... Read Story
October 21, 2021, 07:05 AM


TBF Financial has moved its headquarters to new offices equipped with features that improve the comfort, wellness and productivity of its staff, CEO Brett Boehm announced. The company buys commercial debt and is the leading purchaser of... Read Story
October 20, 2021, 07:17 AM


Encina Lender Finance, LLC (ELF) announced it has provided an inaugural senior credit facility to Urban Us Capital, LLC, a venture capital platform providing both structured equity and debt investments engaged in origination and servicing of... Read Story
October 20, 2021, 07:16 AM


Hanmi Bank Equipment Finance Group set monthly and quarterly funding records for the recently completed third quarter 2021. “We are very lucky to have great relationships with our originating partners – we are looking forward to reaching the $100... Read Story
October 18, 2021, 07:18 AM


Alfa, provider of Alfa Systems, has announced a new thought leadership series, Innovation in Implementation.In the series, various individuals from Alfa draw on their talent and experience to discuss how asset finance organizations can work in an... Read Story
October 18, 2021, 07:12 AM


Merchants Fleet, a fleet management company, announced a major expansion of its core member funding group to include some of the top banks in the world, enabling the company to access $2 billion of capacity to lease vehicles and equipment for clients... Read Story
October 14, 2021, 07:20 AM


AP Equipment Financing announced a record-breaking quarter of funding volume in Q3 2021, funding a total of $64 million compared to $40.8 million in Q3 2020, representing a 57 percent growth. AP is excited to carry this momentum into Q4 and finish... Read Story
October 13, 2021, 07:21 AM


IDS and its acquired companies, William Stucky and Associates and White Clarke Group, announced the launch of a new company identity: Solifi. The new brand and visual identity bring together innovative solutions, deep industry expertise, global reach... Read Story
October 12, 2021, 07:22 AM


GreatAmerica Financial Services Corporation completed its 21st issuance of $513.8 million in privately placed bonds with institutional investors. This issuance of asset-backed bonds secured by a pool of leases comes on the heels of an earlier... Read Story
October 11, 2021, 07:23 AM


The law firm of Moritt Hock & Hamroff LLP announced Leslie A. Berkoff, Ted A Berkowitz, Michael Cardello III, James P. Chou,  Robert S. Cohen, Theresa A. Driscoll, Andrew B. Eckstein, Robert M. Finkel, Keith J. Frank, Robert J. Fryman, Stephen J.... Read Story
October 11, 2021, 07:03 AM


TrustLayer, a collaborative risk management platform, announced the launch of a fully digital insurance verification pilot with Great American Insurance Group’s Specialty Equipment Division. Automated digital proof is the future of insurance... Read Story
October 08, 2021, 07:18 AM


First National Capital Corporation (FNCC), a full-service commercial equipment and aviation finance provider, announced a quarterly record $109.7 million fundings for the third quarter of 2021 and now has funded over $3.17 billion since the firm’s... Read Story
October 07, 2021, 07:18 AM


TopMark Funding, a funding destination for commercial vehicle dealerships and small to midsized fleets, announced the implementation of additional features to its DealerLinc technology. Originally rolled out in late 2020, TopMark launched its... Read Story
October 07, 2021, 07:08 AM


Encina Lender Finance, LLC (ELF) announced it has provided a $35 million senior credit facility to Speed Leasing Company, LLC, a technology-enabled, specialty finance company engaged in originating and servicing used motorcycle leases to... Read Story
October 06, 2021, 07:17 AM


Channel Partners Capital, LLC, a full-service independent lender offering equipment finance and working capital funding solutions, was ranked among the 5,000 fastest-growing private companies in the U.S. by Inc. magazine for a ninth consecutive year... Read Story
October 05, 2021, 07:22 AM


IBC Advanced Alloys Corp. announce it has entered into a new master lease agreement among Utica Leaseco LLC and Utica Equipment Finance, LLC (collectively, Utica) and certain of the IBC’s U.S. subsidiaries in support of the company’s ongoing... Read Story
October 05, 2021, 07:21 AM


Onset Financial CEO and Founder Justin Nielsen was awarded the Globee CEO World Award for Top CEO of the Year – Visionary for 2021. The annual CEO World Awards program by Globee Business Awards encompasses the world’s best in leadership, innovation... Read Story
October 05, 2021, 07:18 AM


North Mill Equipment Finance LLC announced Q3 loan and lease originations reached an all-time quarterly high of $129.1 million as September drew to a close. Reporting a steady upsurge in volume since January, North Mill continued the trend as it... Read Story
October 04, 2021, 07:23 AM


Kroll Bond Rating Agency (KBRA) released its Equipment Loan & Lease indices for September 2021.KBRA’s Equipment Loan & Lease Index posted a full 12 months of positive credit performance in September. Annualized net losses remained near-zero and 60+... Read Story
October 04, 2021, 07:05 AM


Mitsubishi HC Capital (U.S.A.) Inc., ENGS Commercial Finance Co. and Mitsubishi HC Capital America, Inc., the North American commercial finance subsidiaries of Mitsubishi HC Capital Inc., are announcing rebranding their trade name following the birth... Read Story
October 01, 2021, 07:20 AM


For the ninth time, equipment and accounts receivable finance company, Commercial Credit, Inc., parent company of Commercial Credit Group Inc. (CCG) and Commercial Funding Inc., has made the Business North Carolina Mid-Market Fast 40 List. To qualify... Read Story
September 30, 2021, 07:14 AM


AP Equipment Financing is pursuing an initiative to provide competitive finance programs for package and delivery customers looking to acquire electric vehicles. To begin this initiative, AP will be providing finance solutions for SEA Electric’s... Read Story
September 29, 2021, 07:20 AM


Partners Group, a global private markets firm acting on behalf of its clients, has acquired a significant equity stake in Milestone Equipment Holdings and will partner with Barings, an investment management firms, to continue and accelerate... Read Story
September 28, 2021, 07:25 AM


North Mill Equipment Finance, LLC announced it has entered the mid-ticket financing sector by offering referral agents the opportunity to finance up to $1 million for their customers through the company’s Application Plus program. Additionally, North... Read Story
September 28, 2021, 07:22 AM


HSBC Bank Canada announced the launch of five new sustainable finance tools for commercial and global banking clients. Available to Canadian businesses of all sizes, Green Deposits, Green Trade Finance, Green Revolving Credit Facilities... Read Story
September 28, 2021, 07:20 AM


DLL announced CRN, a brand of The Channel Company, has named Rick Trobman, President of the Tech Solutions Global Business Unit at DLL, as one of the IT channel’s 100 People You Don’t Know But Should for 2021. Every year, this list honors the people... Read Story
September 28, 2021, 07:17 AM


ENGS Commercial Finance Co., a member of Mitsubishi HC Capital Group (MHC), announced that ENGS will be making a change to its Application-Only threshold and will be able to approve exposures on an App-Only basis up to $1,000,000 for qualified... Read Story
September 24, 2021, 07:18 AM


Stearns Bank N.A., a Minnesota-based financial institution, has partnered with Truepic, a leader in digital image provenance and authenticity to innovate and accelerate its equipment lending to thousands of beneficiaries around the country. Stearns... Read Story
September 23, 2021, 07:12 AM


Alfa, the makers of Alfa Systems, announced three supported charities for 2021 and beyond. In the UK, Alfa has partnered with The Climate Coalition, the UK’s largest group dedicated to action against climate change. Along with their sister... Read Story
September 23, 2021, 07:10 AM


Oakmont Capital Services (OCS) has successfully implemented Leasepath’s Finance Origination (LOS) and Customer Engagement (CRM) platform. An independent lender providing commercial equipment financing and working capital throughout the?United States... Read Story
September 22, 2021, 07:20 AM


This past weekend, Amur officially celebrated the grand opening of the company’s newly renovated and expanded headquarters in the heart of the Railside Business Improvement District in Grand Island, NE. It also celebrated the 25th anniversary of the... Read Story
September 22, 2021, 07:18 AM


Delta Financial Group, an equipment finance platform that provides capital for enterprise-level, business-critical equipment, has received a significant strategic growth investment from an affiliate of Peak Rock Capital LLC, a middle-market private... Read Story
September 22, 2021, 07:12 AM


Ivory Consulting Corporation, a provider of equipment lease and loan software, software customizations and consulting services for the equipment finance industry, is supporting lessors’ transition from LIBOR to another interest rate by making... Read Story
September 20, 2021, 07:12 AM


Fleet Advantage announced Ludmila Manin, Remarketing Sales Associate, has been named a winner in Supply & Demand Chain Executive’s 2021 Women in Supply Chain Award. The award honors female supply chain leaders whose accomplishments, mentorship and... Read Story
September 20, 2021, 07:10 AM


Each year at its Annual Meeting, NationaLease, one of the largest full-service truck leasing organizations in North America, announces the recipients of that year’s Leadership Circle Awards. This year, 25 member companies were recognized for their... Read Story
September 20, 2021, 07:05 AM


Chesswood Group Limited, a publicly traded North American commercial equipment finance provider for small and medium-sized businesses, announced the formation of a consumer home finance unit, Vault Home Credit Corporation. Vault Home Credit... Read Story
September 17, 2021, 07:17 AM


Wells Fargo & Company announced its new digital infrastructure strategy, combining a multi-cloud approach with third-party data centers to drive technological speed, agility and scalability for its customers and employees. Central to the digital... Read Story
September 16, 2021, 07:20 AM


LCI, a helicopter leasing, management and investment platform, and Sumitomo Mitsui Finance and Leasing Company, Limited (SMFL) have acquired and committed to an additional 12 next generation helicopters within their helicopter leasing joint... Read Story
September 16, 2021, 07:18 AM


LeaseAccelerator announced a new update to its Lease Lifecycle Automation software – the result of a significant investment to expand process controls and simplify and accelerate the accounting close. The enhancements were designed with the guidance... Read Story
September 16, 2021, 07:03 AM


ECN Capital Corp. announced that the Toronto Stock Exchange (TSX) has recognized the company as part of its 2021 TSX30 Program. The TSX30 Program showcases the 30 top performing stocks on the TSX over the last three years based on dividend adjusted... Read Story
September 16, 2021, 07:00 AM


Odessa, an asset finance software provider, announced an investment from Thomas H. Lee Partners, L.P. (THL), a private equity firm that invests in growth companies. Odessa’s architecture and design approach set it apart from existing equipment... Read Story
September 15, 2021, 07:20 AM


KWIPPED Inc. has launched a partnership with Clean Eatz Kitchen that will enable gyms, convenience stores and other businesses to easily access affordable financing for refrigeration equipment needed to bring Clean Eatz’ healthy prepared meals to a... Read Story
September 15, 2021, 07:07 AM


While inventory levels within Sandhills Global marketplaces have ticked back down in August after leveling off briefly, auction and asking values for used agricultural equipment and heavy-duty trucks are continuing a sharp ascent, according to a new... Read Story
September 15, 2021, 07:05 AM


IDS, a provider of mission-critical enterprise solutions for secured finance, announced it was named one of the top 100 financial technology providers in the world by IDC Financial Insights, ranking 69th on the 2021 IDC FinTech Rankings. The 18th... Read Story
September 14, 2021, 07:21 AM


Kroll Bond Rating Agency (KBRA) released its Equipment Loan & Lease indices for August.The equipment loan and lease securitization sector continued to display positive credit performance during the July collection period (based on August remittance... Read Story
September 13, 2021, 07:05 AM


DLL launched a new Sustainability Report “Pathways to Sustainable Business Models” aiming to inform and inspire businesses striving to mitigate the impacts of climate change. The report shares regulatory trends, market insights and highlights actions... Read Story
September 09, 2021, 07:17 AM


Corcentric founder, President and Chief Executive Officer Doug Clark will be honored with the Richard J. Caron Award of Excellence from Caron Treatment Centers alongside his son, Zac Clark, for their significant impact on families affected by... Read Story
September 09, 2021, 07:01 AM


FileInvite, a document and data collection platform provider, announced it is partnering with the American Association of Commercial Financial Brokers (AACFB) to offer members an exclusive FileInvite package to streamline the document-intensive... Read Story
September 08, 2021, 07:00 AM


For the sixth consecutive year, American Portfolios Financial Services, Inc. (AP)—a privately held, independent broker/dealer that provides services and support for financial advisors across the United States—has been named one of the Best Companies... Read Story
September 08, 2021, 06:59 AM


TNT Crane & Rigging LLC (TNT) closed on a $385 million asset-based lending revolving credit facility and a new $119 million 2nd lien term loan. Proceeds from the ABL Facility and the 2L Facility will be used to repay all outstanding amounts under TNT... Read Story
September 08, 2021, 06:58 AM


Texas Capital Bancshares, Inc., the parent company of Texas Capital Bank, announced key updates to the company’s go-forward strategy.Rob C. Holmes, President and CEO, said, “When I joined as CEO in January, I committed to formulating a detailed... Read Story
September 07, 2021, 07:15 AM


Players are arriving in Newburgh, IN, for the 2021 Korn Ferry Tour Championship presented by United Leasing & Finance, with 150 competitors from around the world competing for a purse of $1 million and one of 25 PGA Tour cards to be awarded at the... Read Story
September 02, 2021, 07:06 AM


Priority One Financial Services, a full-service finance company offering flexible, business-forward finance and insurance solutions for marine and RV dealers, unveiled a new brand and website.“Meet the Priority One of today,” said Heather Mariscal... Read Story
September 02, 2021, 07:05 AM


Element Fleet Management Corp. announced it has joined the educational team at the North American Fleet Association’s (NAFA) Annual Institute & Expo in Pittsburgh, PA. Sheri McGrath, Element’s Head of Diversity & Inclusion, will share expert insights... Read Story
September 01, 2021, 07:10 AM


The Greenbrier Companies, Inc., an international supplier of equipment and services to global freight transportation markets, announced the renewal and extension of three bank facilities totaling over $1 billion. Greenbrier successfully renewed and... Read Story
August 31, 2021, 07:21 AM


Visual Lease has been named the winner of a Gold Stevie Award in the Employer of the Year category in the sixth annual Stevie Awards for Great Employers. This category recognizes the world’s best employers based on their efforts since the beginning... Read Story
August 31, 2021, 07:18 AM


SCI Lease Corp going live with NETSOL’s premier product for the North American and global finance and leasing industry, NFS Ascent, was a milestone achievement.While NETSOL has over four decades of experience in North America and boast a list of... Read Story
August 30, 2021, 07:15 AM


Equipment Finance Cares NY/NJ was at the Rockland County Country Club in Sparkill, NY. There was a great crowd of over 40 equipment finance professionals representing 31 organizations.“We had a great turn out for our first Northeast event,” said... Read Story
August 30, 2021, 07:11 AM


Ryder System, Inc. announced it is listed among Food Logistics’ Top Third-Party Logistics & Cold Storage Providers for 2021. The honor marks Ryder’s ninth consecutive year on the list. Each year, the publication’s editorial team and advisory board... Read Story
August 30, 2021, 07:07 AM


DLL delivered a strong first-half performance, highlighted by exceptional net profit growth. The company recorded both portfolio and income growth during the first six months of the year, while risk costs improved significantly due to more favorable... Read Story
August 26, 2021, 07:23 AM


According to a new forecast from the International Data Corporation (IDC) Worldwide Quarterly Personal Computing Device Tracker, worldwide shipments of PCs are expected to grow 14.2 percent to 347 million units in 2021. This is down from IDC's May... Read Story
August 25, 2021, 07:00 AM


Stonebriar Commercial Finance announced it has issued and sold $227,000,000 of Series A 7.50% Fixed-Rate Reset Cumulative Preferred Shares (Preferred Shares) in a private offering.The Preferred Shares, rated “BB” by DBRS, were issued to a group of... Read Story
August 24, 2021, 07:20 AM


The law firm of Moritt Hock & Hamroff LLP announced the following attorneys have been selected for inclusion in the 2022 Editions of Best Lawyers and Best Lawyers: Ones To Watch.Best Lawyers David H. Cohen - Real Estate Law Andrew B. Eckstein -... Read Story
August 24, 2021, 07:07 AM


Ryder System, Inc.  announced it was named by Inbound Logistics as a Top 100 3PL Provider for 2021 for demonstrating supply chain excellence. Each year, the publication’s editorial team selects the third-party logistics (3PL) providers that offer the... Read Story
August 23, 2021, 07:09 AM


Corcentric is No. 3574 on Inc. magazine's its annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy’s most... Read Story
August 20, 2021, 06:30 AM


Insight Financial Services (IFS), a division of Insight Investments, launched the latest version of its industry-leading IT asset and lease management software, AMOS. This best-in-class solution provides increased visibility into all aspects of... Read Story
August 19, 2021, 06:00 AM


MAZO Capital Solutions, a leading full-service commercial finance company dedicated to serving America's small business community, announced a significant strategic partnership with Heave, the Tampa-based heavy equipment platform built to provide... Read Story
August 18, 2021, 07:32 AM


XS Financial, a specialty finance company providing equipment leasing solutions to cannabis companies in the United States, announced that the company's syndication desk has completed over $5.0 million of lease participations. Syndication provides XS... Read Story
August 18, 2021, 07:30 AM


Odessa earned a spot on the Inc. 5000 list for a second consecutive year. The prestigious list recognizes the most successful, fastest-growing private companies annually.Over the past three years, Odessa experienced a growth rate of more than 127%... Read Story
August 18, 2021, 07:12 AM


Crestmark, the Commercial Finance Division of MetaBank®, secured a total of $34,350,000 in ABL/factoring financial solutions for 23 new clients; Crestmark Equipment Finance provided $22,208,198 in 12 new transactions; Crestmark Vendor Finance... Read Story
August 18, 2021, 06:00 AM


Fleet Advantage has been named a finalist for “Business of the Year” by South Florida Business Journal (SFBJ).   The Business of the Year awards, now in its 24th year, gives recognition to South Florida’s most dynamic businesses who share a... Read Story
August 17, 2021, 07:14 AM


Machinery Partner, a company offering novel procurement, financing and support for small businesses needing heavy machinery, closed a $4.5 million Series Seed round. The oversubscribed round was led by One Way Ventures (from Boston and focused on... Read Story
August 16, 2021, 07:13 AM


North Mill Capital (d/b/a SLR Business Credit) acquired Fast Pay Partners, LLC. Based in Los Angeles, CA, Fast Pay Partners enables clients to accelerate receivables and access liquidity through its asset based lending and factoring platform which... Read Story
August 16, 2021, 07:05 AM


Despite the month-to-month stabilization of used heavy-duty truck and construction equipment inventory levels within Sandhills Global marketplaces in July, auction and asking values continue to rise, according to a new Sandhills Global Market Report.... Read Story
August 13, 2021, 07:11 AM


Suntuity AirWorks, the drone and UAV services division of the Suntuity Group of companies, has announced the first full-suite drone equipment leasing program of its kind to help both private and public sectors update their services with the... Read Story
August 12, 2021, 07:21 AM


Equipment Finance Cares announced the formation of its Advisory Council. Equipment Finance Cares is an organization that showcases how equipment finance professionals and organizations are giving back to their local and national communities. These... Read Story
August 12, 2021, 07:15 AM


Kroll Bond Rating Agency (KBRA) has released its Equipment Loan & Lease indices for July 2021. The equipment loan and lease securitization sector continued to display positive credit performance during the June collection period. KBRA’s headline... Read Story
August 10, 2021, 07:08 AM


Encina Business Credit, LLC announced a recapitalization and a significantly expanded capital base provided by Barings LLC-affiliated funds along with participation by Encina management. This recapitalization provides liquidity necessary for Encina... Read Story
August 06, 2021, 07:20 AM


Amur Equipment Finance, Inc. announced it has been named by Fast Company as a finalist for its third annual list of Best Workplaces for Innovators in the Medium Company Size category. The list honors businesses and organizations who demonstrate a... Read Story
August 06, 2021, 07:19 AM


Wells Fargo & Company announced it received the 2021 Apex Award and the 2021 Gramercy Banking and Credit Union Award in honor of its online Small Business Resource Center, which debuted in July 2020 to help small business owners amid the COVID-19... Read Story
August 06, 2021, 07:05 AM


LeaseWorks, a provider of cloud-based solutions and support services to the aviation industry, announced the launch of Aeris Portal, a new software product intended to digitally transform the ways in which lessors collaborate and exchange information... Read Story
August 06, 2021, 07:04 AM


Appetize, a digital and mobile commerce platform, announced the launch of Appetize Plus (Appetize+), an all-inclusive subscription plan that conveniently bundles cloud-based software, hardware, payments and support into an affordable monthly fee.... Read Story
August 05, 2021, 07:05 AM


Best Companies Group has honored First American Equipment Finance as one of the 2021 Best Companies to Work For in New York. This is First American’s 10th consecutive year being named to the list, this year coming in at 1st place in the large... Read Story
August 04, 2021, 07:17 AM


The Midwestern Higher Education Compact (MHEC), which offers cost-savings initiatives to colleges and universities, announced a competitively awarded contract for virtualization and data center modernization solutions to Dell Technologies. The new... Read Story
August 03, 2021, 07:17 AM


South End Capital, a division of Stearns Bank N.A., a nationwide $2.2 billion direct lender and technology-enabled business, real estate and equipment loan platform, has announced a $90,402 equipment financing. This financing assisted a Georgia-based... Read Story
August 02, 2021, 07:20 AM


Global vendor finance company DLL announced the closing of “DLLAD 2021-1,” a U.S. securitization transaction issuing notes totaling $1 billion. The notes are backed by loans and leases secured with food- and agriculture-related equipment.The... Read Story
July 29, 2021, 07:23 AM


Merchants Financial Group, Inc. (MFGI) announced net income of $18,157,527 through the first two quarters of 2021, according to MFGI President and CEO Gregory M. Evans.Performance was driven by the bank’s active involvement in the origination of... Read Story
July 29, 2021, 07:15 AM


Ascentium Capital LLC, a national commercial lender, announced strong growth during the second quarter of 2021. The company achieved 41 percent origination growth year-over-year during the quarter. The growth is reflective of the economic recovery... Read Story
July 28, 2021, 07:23 AM


A new Sandhills Global Market Report notes the stabilization of used construction equipment, farm machinery and heavy-duty truck inventories within Sandhills Global marketplaces in June, following steady declines since Q2 2020. After more than a year... Read Story
July 28, 2021, 07:15 AM


TopMark Funding, a funding destination for commercial vehicle dealerships and small to midsized fleets, has seen remarkable growth in 2021 by focusing on attracting and retaining top senior sales talent nationwide.TopMark continues to bolster a... Read Story
July 28, 2021, 07:13 AM


The NFIB Research Center released its latest COVID-19 survey on how the pandemic has affected small businesses. This is the 18th survey in the series and included in this edition is an update on SBA small business programs, sales levels, staffing... Read Story
July 26, 2021, 07:11 AM


Care Lending Group (CLG) announced the launch of its new financing company. After a two-and-a-half-year break from the financing business, CEO Paul McLean is joined by former colleagues Andrew Sunn, Dan Gilchrist and Tim Trimper. “Having shared many... Read Story
July 23, 2021, 07:23 AM


Constellation Financial Software, a leasing and portfolio management software provider, announced the launch of Casitron’s new business intelligence tool, ClearView. This new feature is aimed at those who want deeper insights into the details of... Read Story
July 23, 2021, 07:18 AM


Ryder System, Inc. announced further expansion of Ryder Last Mile, a customizable, multi-tiered delivery solution for big-and-bulky goods. With new hubs in Milwaukee and Philadelphia, Ryder continues to position its customers – some the world’s... Read Story
July 23, 2021, 07:07 AM


Maxim Commercial Capital continued to fuel the economic recovery during the second quarter by fulfilling strong demand for its Cash Out Financing, Heavy Equipment Purchase Financing, Real Estate Secured Working Capital and Truck Financing programs.... Read Story
July 22, 2021, 07:19 AM


CIT Group Inc. announced its Middle Market Banking business provided $14.3 million in financing to Depot Properties LLC.Depot Properties is the owner and operator of a large truck servicing terminal in Laredo, TX, primarily occupied by... Read Story
July 22, 2021, 07:17 AM


12th Tech, Inc., and IDS announced 12th Tech’s new cloud-based Real-Time Intelligent (RTI) Auditing System is fully interoperable with IDS CALMS Compass wholesale/floorplan finance software. This integration enables clients to seamlessly include... Read Story
July 21, 2021, 07:18 AM


Alfa, provider of Alfa Systems, announced a major new upgrade with Close Brothers Asset Finance, which has offices across the UK, and in Ireland and Germany.The implementation of Alfa Systems v5 for Close Brothers Asset Finance’s back-office... Read Story
July 21, 2021, 07:00 AM


IDS, a provider of mission-critical enterprise solutions for secured finance, announced it has signed a strategic partnership agreement with Tamarack Technology, Inc., a provider of digital transformation services and solutions for equipment finance.... Read Story
July 20, 2021, 07:25 AM


Onset Financial has set a benchmark of excellence as it wins the Best of State Award in Equipment Finance for the fourth consecutive year. Best of State is Utah’s gold standard of awards that recognizes outstanding businesses that achieve excellence... Read Story
July 19, 2021, 07:15 AM


SLIM Capital, located in Beverly Hills, CA, reported increased funding volume for the first half of 2021. With a stellar first half of the year, SLIM Capital is set to break its yearly funding records. Shervin Rashti, CEO is extremely pleased with... Read Story
July 15, 2021, 07:18 AM


DLL, an international asset finance company for equipment and technology present in over 30 countries, is intensifying its activities in the global Intralogistics market. This will include offering investment solutions and services tailored for... Read Story
July 13, 2021, 07:23 AM


LTi Technology Solutions (LTi) recognized several exciting landmark achievements for Propel in one of its most transformative partnerships. Propel’s recent successes include establishing two of the largest strategic financial partnerships in the UK... Read Story
July 13, 2021, 07:19 AM


Fleet Advantage announced significant achievements and milestones for its fiscal year ending June 30, reflecting the company’s prompt response over the last 12 months to help its clients navigate the difficulties of 2020 and economic rebound at the... Read Story
July 13, 2021, 07:09 AM


Hilco Global has issued a timely report on the current state of the intermodal chassis market one year after freight traffic reached its lowest level of the ongoing pandemic. The report is accompanied by an industry primer developed to assist lenders... Read Story
July 13, 2021, 07:08 AM


First American Equipment Finance announced it has ranked on the Selling Power 50 Best Companies to Sell For list for 2021. This is the 21st consecutive year the ranking has been published by Selling Power and First American’s fifth consecutive year... Read Story
July 12, 2021, 07:15 AM


For the first time in ASA’s history the International President is a member from outside the U.S. David Crick, ASA, Managing Director at DavAir Group, Inc., began his one-year term as International President for ASA effective July 1.“David's unique... Read Story
July 12, 2021, 07:05 AM


Leasepath announced the successful live deployment of its Finance Origination (LOS) and Customer Engagement (CRM) platform with Global Financial & Leasing Services, LLC. A provider in equipment financing for small and medium-sized businesses, Global... Read Story
July 08, 2021, 07:17 AM


Tamarack Technology, Inc., a provider of independent software solutions in the equipment finance and commercial lending industry, announced its Chief Digital Officer Scott Nelson, PhD has been invited to join the advisory board for Faribault... Read Story
July 08, 2021, 07:15 AM


North Mill Equipment Finance LLC, an independent commercial equipment lessor in Norwalk, CT, announced its originations for the second quarter exceeded a record-breaking $120 million. A new record was also set for June as originations closed at just... Read Story
July 07, 2021, 07:23 AM


IDS, a provider of mission-critical enterprise solutions for secured finance, announced it has completed the migration of IDS ABL to IDScloud, a leading SaaS-based solution for secured finance. Now asset-based lenders can gain access to real-time... Read Story
July 07, 2021, 07:20 AM


Kroll Bond Rating Agency (KBRA) releases its Equipment Loan & Lease indices for June 2021.June remittance reports showed that securitized equipment loan and lease credit performance remained relatively stable during the May collection period. KBRA’s... Read Story
July 06, 2021, 07:11 AM


LTi Technology Solutions (LTi), which provides a lease and loan cloud platform to equipment and asset-based finance companies, announced David Lane is a recipient of this year’s “NextGen Leader Award” from the Monitor Daily.Lane is the Solution... Read Story
July 06, 2021, 07:10 AM


Alfa, provider of Alfa Systems, a software platform for asset finance, has published the third and final paper in its thought leadership series AI in Equipment and Auto Finance.Part 3: Moving Forward with Machine Learning is produced in association... Read Story
July 02, 2021, 07:05 AM


Nearly doubling its total annual fundings from 2020 – Onset Financial shattered its previous record, funding $400 million within the first six months of the year. In the last 12 months, Onset Financial funded nearly $600 million and funded more... Read Story
July 01, 2021, 07:23 AM


Bell Bank has entered into an agreement to purchase a 12-story building at 520 Main Ave. in Fargo, ND.Bell Bank President and CEO Michael Solberg said Bell Bank plans to completely remodel the building beginning in 2022 and reopen it in late 2023. As... Read Story
June 30, 2021, 07:15 AM


Orion First has unveiled its latest business analytics product, Delinquency Manager. Delinquency Manager is a highly customizable dashboard that clarifies trends and meaningful factors affecting the delinquencies in equipment loan and lease... Read Story
June 29, 2021, 07:23 AM


Insight Financial Services (IFS), a division of Insight Investments, LLC, announced it has achieved its sixth consecutive completion and recertification of the Service Organization Control (SOC) 1 Type 2 Audit.The audit verifies that IFS’ Asset... Read Story
June 29, 2021, 07:08 AM


BancorpSouth Bank and Liberty Financial Services, Inc., the holding company of Liberty Bank and Trust Company, headquartered in New Orleans, LA, jointly announced the continuation of and the expansion of a strategic business alliance. BancorpSouth... Read Story
June 28, 2021, 07:03 AM


Following more than 10 consecutive years of robust growth and the development of an impressive customer base throughout North America, Northpoint Commercial Finance announced its partnership with Reed Advisory Solutions LLC, which will focus on... Read Story
June 24, 2021, 07:17 AM


The 2021 institutional U.S. loan default rate forecast has been lowered to 1.5 percent from 2.5 percent, reflecting continued capital market confidence as constricted sectors re-open, according to a new Fitch Ratings report."The anticipated 1.5... Read Story
June 24, 2021, 07:15 AM


Amur Equipment Finance, Inc. introduced Wildcat, a specialized finance program to provide market-leading terms to qualifying customers. Through Wildcat, Amur will provide rates as low as 3.99 percent, with terms up to 72 months to ensure its vendor... Read Story
June 23, 2021, 07:20 AM


Milestone Equipment Holdings, a national provider of transportation equipment leasing solutions, announced the opening of its new corporate headquarters in the vibrant Streets of St. Charles complex.This custom-built office features abundant natural... Read Story
June 23, 2021, 07:18 AM


Penske Logistics has been placed by Gartner, a global research and advisory firm, in the Visionary category, as part of the 2021 Gartner Magic Quadrant for Third-Party Logistics, North America, report. "Being recognized as a Visionary within the... Read Story
June 21, 2021, 07:03 AM


The Financial Accounting Standards Board (FASB) issued a proposed Accounting Standards Update (ASU) that would improve discount rate guidance for lessees that are not public business entities—including private companies, not-for-profit organizations... Read Story
June 18, 2021, 06:43 AM


Cambridge Savings Bank announced that its Commercial Lending team has extended financing to R.J. Forbes Painting Contractor, Inc. (R.J. Forbes) by securing a SBA 504 Loan through Bay Colony Development Corporation, a certified development company... Read Story
June 18, 2021, 06:27 AM


Amur Equipment Finance was named “Business of the Year” by the Grand Island Area Chamber of Commerce. This distinguished award, bestowed on an annual basis, was presented to Amur during the Grand Island Area Chamber of Commerce Annual meeting on June... Read Story
June 17, 2021, 06:30 AM


CSI Leasing has expanded its Asia-Pacific operations by opening a subsidiary in Japan. This expansion follows the recent launch of CSI Leasing India Pvt. Ltd. in November 2020. The company now has seven leasing subsidiaries in the Asia-Pacific region... Read Story
June 17, 2021, 06:24 AM


Fleet Advantage announced that Matt Wiedmeyer, Director of Fleet Services, achieved his 2021 NPTC Certified Transportation Professional (CTP) recognition. The accreditation was presented to Wiedmeyer and Fleet Advantage at the NPTC’s Annual... Read Story
June 16, 2021, 06:00 AM


Global consulting firm, AlixPartners, launched its annual Turnaround & Transformation Survey, which reveals that more than half of restructuring experts from across the U.S. and Europe (56 percent) said that their clients performed better during the... Read Story
June 15, 2021, 07:18 AM


Axis Auto Finance Inc., a fintech lender servicing the alternative auto finance market, announced its wholly owned subsidiary, Pivotal Capital Corp. has secured a funding facility with a Canadian Schedule 1 Bank. Pivotal is an independent Canadian... Read Story
June 15, 2021, 07:10 AM


TD Bank has been recognized by Global Finance with the North American award for "Outstanding Crisis Finance Innovation" for the launch of its Virtual Assistant within the TD U.S. mobile app. The award was created by Global Finance to acknowledge the... Read Story
June 14, 2021, 07:00 AM


United Capital Source Inc. announced it has surpassed $1 billion in transaction volume. It has matched more than 1 billion dollars to businesses across the United States since inception in 2011.Because of its efficient sales, marketing and management... Read Story
June 11, 2021, 07:21 AM


Mitsubishi Logisnext Americas group, a North American provider and manufacturer of material handling and innovative automation and fleet solutions, announced it has appointed Equipment Depot as its non-exclusive dealer for the Cat lift trucks... Read Story
June 10, 2021, 07:06 AM


Tech Data announced the launch of Tech Data Capital, a captive finance company that offers payment solutions to help businesses acquire the necessary technology products and services needed to drive growth.“As technology continues to transform at a... Read Story
June 09, 2021, 07:11 AM


NationaLease, one of the largest full-service truck leasing organizations in North America, announced the nine regional winners of the 2021 NationaLease Tech Challenge written exam. Typically, the nine regional winners would go on to compete in the... Read Story
June 08, 2021, 07:00 AM


With the continual digitization of business, traditional banks and finance companies have struggled to find ways to maintain security and accuracy of data while accelerating review and approvals of credit applications. ENGS Commercial Finance Co.... Read Story
June 02, 2021, 07:18 AM


Toronto-based CSI Electronics Processing Centre Ltd. (CSI EPC), a wholly owned subsidiary of CSI Leasing Canada Ltd., is moving its operations in Vancouver to a larger facility and expanding in Edmonton to accommodate increasing business volume.The... Read Story
June 02, 2021, 07:00 AM


Encina Equipment Finance, LLC (EEF) announced the pricing and closing of its first asset-backed securities transaction. The $258.4 million offering was backed by a diverse pool of equipment loans and leases to 43 obligors across a variety of... Read Story
June 01, 2021, 07:25 AM


Beacon Funding Corporation is proud to be Certified by Great Place to Work for 2021. The prestigious award is based entirely on what current employees say about their experience working at Beacon Funding. Ninety-six percent of employees said it’s a... Read Story
May 28, 2021, 07:05 AM


U.S. equipment ABS performance has notably improved in 2021 following elevated delinquencies and defaults in 2020, Fitch Ratings says. Overall, payment deferral programs have successfully assisted obligors during the pandemic, followed by strong cure... Read Story
May 27, 2021, 07:20 AM


LeaseCrunch, a cloud-based lease accounting software company, announced the launch of LeaseCrunch Verify, an application that assists CPA firms in reducing the time and expense in auditing their clients’ lease accounting.LeaseCrunch Verify allows CPA... Read Story
May 27, 2021, 07:00 AM


First Business Bank announced the closing of a $6 million inventory floorplan line of credit for an independent car dealer through its Floorplan Financing group.The leaders at this Illinois car dealership sought reliable bank financing with a... Read Story
May 26, 2021, 07:15 AM


36th Street Capital announced it recently financed $10 million of construction equipment for a large U.S.-based equipment rental services company.“We’re very excited to help fuel the rapid growth of our client as they support the post pandemic... Read Story
May 25, 2021, 07:21 AM


IDS, a provider of enterprise mission-critical solutions for secured finance, has been selected a winner of the Top 20 FinTech Solution Providers 2021 by Enterprise Ventures. IDS was selected after a rigorous evaluation process which included over... Read Story
May 25, 2021, 07:20 AM


Kroll Bond Rating Agency (KBRA) released its inaugural Equipment Loan & Lease indices for April 2021. In reviewing credit trends for the sector, this new index aims to complement KBRA’s series of monthly auto, consumer loan and residential index... Read Story
May 24, 2021, 07:15 AM


The NFIB Research Center released its latest COVID-19 survey on the impact the pandemic has had on small businesses. This survey is NFIB’s 17th survey in the series. Included in this edition is an update on small business SBA programs, paid sick or... Read Story
May 24, 2021, 07:13 AM


TopMark Funding, a funding destination for commercial vehicle dealerships, revealed March had been the strongest month in TopMark's history. These results were immediately surpassed in April adding to TopMark's already record-setting first quarter... Read Story
May 21, 2021, 07:18 AM


After a successful year-long pilot program, APPROVE, an innovative SaaS solution powered by a network of equipment financing companies, officially launched. It is a product of KWIPPED, Inc., a technology innovator in B2B equipment e-commerce, founded... Read Story
May 19, 2021, 07:21 AM


Liventus leverages its nearly 20 years of experience in the leasing industry to launch a new service: Secure DocuSign Automation. The service helps leasing companies integrate DocuSign into their existing CRM and set up a series of automations. This... Read Story
May 17, 2021, 07:10 AM


Onset Financial has been named one of Inc. Magazine’s Best Workplaces for 2021. This year’s field of entries was the most competitive Inc. Magazine has seen with thousands of companies applying to be recognized as one of the best workplaces in... Read Story
May 13, 2021, 07:12 AM


Atalaya Capital Management, a private credit and special opportunities alternative investment manager based in New York City, announced a passive, minority equity investment in Dakota Financial, LLC, an asset-based specialty finance company based in... Read Story
May 11, 2021, 07:20 AM


PacLease has announced a new fuel program partnership for its full-service lease and contract maintenance customers. PacLease has partnered with Multi Service Fuel Card for its co-branded fuel card, called PacFuel.With Multi Service Fuel Card as the... Read Story
May 10, 2021, 07:15 AM


Cerebro Capital, a commercial loan platform, released its Q1 2021 survey on non-bank lending for middle-market commercial and industrial (C&I) loans. The results are paired with the Federal Reserve's 1Q21 survey of commercial banks to illustrate a... Read Story
May 10, 2021, 07:10 AM


Chesswood Group Limited announced it has completed the merger of its subsidiary Blue Chip Leasing with Vault Credit Corporation. Both organizations received the necessary approvals from their funding partners and are excited to serve the market under... Read Story
May 07, 2021, 07:18 AM


Meridian and Accord Financial Corp. announced a strategic partnership to provide small and medium businesses with more options for financing. It comes as businesses are looking for ways to ensure they succeed today and be positioned for the... Read Story
May 07, 2021, 07:00 AM


Global vendor finance company, DLL, and AGCO, a global leader in the design, manufacture and distribution of agricultural equipment and solutions, announced the closing of “DLLAA 2021-1”, a U.S. securitization transaction issuing notes totaling $1.0... Read Story
May 06, 2021, 07:23 AM


Onset Financial breaks another record, funding $107 million in April, which catapults it to its best year in company history. This high achievement is due to the hard work of its cohesive and talented team.  “We are thrilled about this accomplishment... Read Story
May 05, 2021, 07:25 AM


IDS announced it added four new customer wins during first quarter of 2021. They include two start-up equipment finance operations; Metropolitan Capital, a universal bank expanding into asset-based lending (ABL); and a top five U.S. bank, which... Read Story
May 05, 2021, 07:23 AM


CIT Group Inc. announced it has won two Stevie Awards for business excellence in the 19th Annual American Business Awards. The awards include a Gold award for Company of the Year in Banking and a Silver award for Corporate Social Responsibility... Read Story
May 05, 2021, 07:00 AM


Small business owners (SBOs) report they are doing better than expected as the economy continues to gain steam amid the waning pandemic, according to the results of the 2021 Small Business Survey, released by TD Bank. The survey polled more than 750... Read Story
May 04, 2021, 07:00 AM


Pacific Western Bank (PWB) announced it has partnered with Extend, a New York City-based fintech, to launch a Virtual Mastercard commercial credit card solution. PWB is pleased to be the first bank in the country offering their business clients this... Read Story
May 03, 2021, 07:20 AM


Richmond Group, equipment and auto lessor advisors and specialists, launched two outsourcing services, branded as “Move to improve,” aimed at providing substantial savings in back-office processes and systems costs for equipment and auto finance... Read Story
April 30, 2021, 07:00 AM


IDS, a provider of enterprise mission-critical solutions for the secured finance industry, recently completed its annual System and Organization Controls (SOC) audit and received validation reports for SOC 1 Type 2, SOC 2 Type 2 and SOC 3. This was... Read Story
April 29, 2021, 07:20 AM


NETSOL Technologies, Inc. announced it has secured a multi-million-dollar renewal of its current agreement with an existing tier-one Japanese automotive customer in Thailand. Under the terms of the contract, this customer will continue to license... Read Story
April 29, 2021, 07:03 AM


Ascentium Capital LLC announced obtaining $312 million in funding volume and managing $2.53 billion in assets during the first quarter.   “2021 marks a decade since the launch of Ascentium Capital and first-quarter results are a testament to the long... Read Story
April 27, 2021, 07:20 AM


IDS, a provider of enterprise mission-critical solutions for secured finance, announced the Metropolitan Capital Bank & Trust has selected IDS Asset Based Lending (ABL) to support its small to medium business customers access to working capital... Read Story
April 27, 2021, 07:18 AM


It is with much sadness that Highland Capital Corporation informs the equipment finance community that Mary Smith, President and CEO of Highland Capital, passed away on April 19.Her successful career in the finance industry started in the early 1980s... Read Story
April 26, 2021, 07:19 AM


GreatAmerica Financial Services, a financing company offering office equipment leasing to the office equipment channel, has joined The Consortium, an assembly of innovative companies brought together by industry veteran, Mike Stramaglio, President... Read Story
April 26, 2021, 07:11 AM


Paperclip Publishing, an author-centric publisher based in Tempe, AZ, announced its latest initiative, Equipment Finance Cares. The first stop is Minneapolis, MN, on June 15 at Brick and Mortar from 2 p.m.-7 p.m. CST. Paperclip is planning a... Read Story
April 23, 2021, 07:11 AM


Gordon Brothers and Ritchie Bros. have created a formal joint venture, the Gordon Brothers & Ritchie Bros. Alliance. The Alliance provides end-to-end asset advisory and asset remarketing services to the insolvency and restructuring market in... Read Story
April 23, 2021, 06:59 AM


Amur Equipment Finance, Inc. announced the successful closing of its ninth term securitization, its largest ever, in which it issued $346 million in notes secured by equipment loans and leases originated through its platform. “This issuance was met... Read Story
April 22, 2021, 07:23 AM


Maxim Commercial Capital announced strong demand during the first quarter of 2021. Its Structured Finance program proved popular during the period, with business owners leveraging their equity in real estate and owned heavy equipment to fund working... Read Story
April 22, 2021, 07:17 AM


Held in-conjunction with TRALA’s Annual Meeting, the NationaLease Spring Business Meeting was the first of many member-focused meetings in the calendar-year. The 2021 NationaLease Spring Business Meeting was special to many NationaLease members, as... Read Story
April 22, 2021, 07:14 AM


Container leasing company SeaCube Containers LLC and Carrier Transicold announced a strategic refrigerated asset management systems platform engagement. As a result, SeaCube will be the first intermodal equipment leasing company to incorporate... Read Story
April 21, 2021, 07:05 AM


JDR Solutions Inc., a provider of support services and infrastructure to the equipment finance industry, announced it signed an agreement to assist a top 10 U.S. bank with its system upgrade and software conversion.JDR Solutions will leverage a... Read Story
April 20, 2021, 07:10 AM


Enova Decisions, an analytics and decision management company, and DecisivEdge, a software engineering company, announced a strategic partnership to enable lenders to accelerate digital transformation quickly, scale operations and provide more... Read Story
April 20, 2021, 07:07 AM


Fleet Advantage announced its Vice President of Strategic Fleet Solutions, Bill Ten Eyck, CTP, has been named to the Food Logistics Champions: Rock Stars of the Supply Chain award for 2021.The award recognizes influential individuals in the industry... Read Story
April 16, 2021, 07:20 AM


Wintrust Commercial Finance (WCF), a division of Wintrust Asset Finance Inc., is celebrating six years in business this month.Since its inception in 2015 with four founding employees, WCF has since grown to a staff of 48, including the new East... Read Story
April 15, 2021, 07:12 AM


Corcentric has chosen Wolters Kluwer’s eOriginal solution to help offer compliant, end-to-end electronic equipment lease finance transactions. eOriginal, acquired by Wolters Kluwer’s Governance, Risk and Compliance division in December 2020, is a... Read Story
April 15, 2021, 07:10 AM


Deborah Reuben, CEO and founder of TomorrowZone announced the spring lineup for public UnConference live sessions scheduled to begin May 4 and continue through June 17.  These virtual workshops are designed to bring together forward-thinking... Read Story
April 14, 2021, 07:15 AM


Travelers Capital, a transitional capital financing initiative from Travelers Financial Group designed to support small and mid-market businesses that operate in asset-intensive industries, announced its alliance with Ritchie Bros., a global provider... Read Story
April 14, 2021, 07:07 AM


North Mill Equipment Finance LLC announced it has restructured its working capital solution to make it more competitive with other, less cost-effective options on the market.The financing arrangement, called Cash Out, allows a customer to borrow the... Read Story
April 13, 2021, 07:16 AM


Northland Capital Financial Services, LLC, a national commercial equipment lender in St. Cloud, MN, is celebrating 25 years in business.“In April of 1996 when I founded Northland Capital, I was determined to do what I enjoyed and to do it the right... Read Story
April 13, 2021, 07:15 AM


Lisa Rafter, Publisher of Monitor, announced the formation of Rafter Educational Programs, LLC and the launch of STRIPES Leadership Program. STRIPES is a professional and personal leadership development program designed with purpose and intent to... Read Story
April 08, 2021, 07:00 AM


The Greenbrier Companies, Inc., an international supplier of equipment and services to global freight transportation markets, announced it has completed the formation of GBX Leasing, a special purpose subsidiary, to own and manage a portfolio of... Read Story
April 07, 2021, 07:10 AM


First Foundation Inc., a financial services company with two wholly owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, announced its expansion into Texas with the relocation of its principal executive office to Dallas.... Read Story
April 07, 2021, 07:06 AM


Leasepath announced the successful live deployment of its Finance Origination (LOS) and Customer Engagement (CRM) platform with Manchester-based asset finance broker PMD Business Finance. One of the largest independent finance brokers in the United... Read Story
April 06, 2021, 07:18 AM


North Mill Equipment Finance LLC, an independent commercial equipment lessor providing small-ticket financing through its network of referral agents, announced the company reached an all-time high in monthly loan and lease originations in March.... Read Story
April 05, 2021, 07:23 AM


Avtech Capital, LLC announced the completion of a new credit facility with Capital One, N.A. The facility was established to provide additional liquidity to support the Avtech Capital’s growth strategies and diversify its funding model."This new... Read Story
April 02, 2021, 07:08 AM


Rochester, NY-based Hyzon Motors Inc., a global supplier of zero-emission hydrogen fuel cell-powered commercial vehicles, announced it has launched leasing service for the provision of heavy-duty fuel cell electric vehicles (FCEVs) to its customers... Read Story
April 01, 2021, 07:12 AM


Delta Management Group, Inc. announced a new partnership with Kids Against Hunger. This nonprofit group headquartered in Omaha, NE, is committed to reducing the number of hungry children in the United States and feeding starving children around the... Read Story
April 01, 2021, 07:10 AM


CIT Group Inc. announced CIT Northbridge Credit, as advised by CIT Asset Management LLC, served as sole lead arranger on a $23 million credit facility for Nova Compression, LLC (a successor company to MGC Equipment Company, LLC).Founded in December... Read Story
March 31, 2021, 07:20 AM


VendorLender, part of the Econolease Financial group of companies, released 0%, Buy-Now Pay-Later (BNPL) financing to the Equipment Dealership market. Following the growing trend of BNPL for consumer purchases, VendorLender has launched BNPL for... Read Story
March 31, 2021, 07:10 AM


Onset Financial has broken another record. That is the message being conveyed to the equipment finance marketplace as Onset Financial has funded over $125 million in leases this quarter – surpassing the total annual fundings of 2018 in under 90... Read Story
March 30, 2021, 07:23 AM


Northteq, a software solutions provider for the commercial lending and equipment finance industries, announced its partnership with syndication software provider, Syndifi. Northteq will enable Syndifi’s online syndication platform to integrate with... Read Story
March 30, 2021, 07:20 AM


TimePayment, a Boston-based fintech company, announced its new membership with the Foodservice Equipment Distributors Association (FEDA), an association that provides education and advocacy on behalf of foodservice equipment dealers and... Read Story
March 29, 2021, 07:15 AM


Data Sales Co., Inc., a full-service lessor and service provider  in Innovative Technology Leasing and Information Technology Asset Disposition (ITAD), has received ISO 9001:2015, 14001:2015 and 45001:2018 certification, demonstrating its commitment... Read Story
March 29, 2021, 07:07 AM


Fortune and Great Place to Work have honored First American Equipment Finance as one of the Best Workplaces in Financial Services & Insurance. This is First American’s fifth time being named to this prestigious list, this year coming in sixth place... Read Story
March 26, 2021, 07:16 AM


Alliance Funding Group (AFG), one of the largest privately held equipment finance companies in the U.S., announced the closing of a $25.0 million investment grade-rated corporate note financing.  AFG intends to use the net proceeds from the... Read Story
March 24, 2021, 07:17 AM


The Office of the Comptroller of the Currency (OCC) has selected Kelly Skalicky, CEO and President, Stearns Bank N.A., along with six additional new committee members, to serve on its Minority Depository Institutions Advisory Committee (MDIAC). The... Read Story
March 24, 2021, 07:15 AM


Willis Lease Finance Corporation announced it has closed its first transaction utilizing its new revolving credit lease engine financing product (the RCL). Scandinavian Airlines System (SAS) selected the RCL to finance CFM LEAP and Trent XWB engines... Read Story
March 23, 2021, 07:00 AM


North Mill Equipment Finance LLC announced the closing of its fourth commercial equipment backed securitization (ABS), NMEF Funding 2021-A (NMEF 2021-A). The $236,588,000 ABS issuance was well received by institutional investors, evidenced by strong... Read Story
March 22, 2021, 07:23 AM


Fleet Advantage, a leading innovator in fleet data analytics, fleet financing solutions and lifecycle cost management (LCCM) announced its CEO, John Flynn, has been named to the Supply & Demand Chain Executive magazine’s list of 2021 Pros to Know in... Read Story
March 22, 2021, 07:10 AM


LeaseAccelerator announced results of the 2021 Global Lease Accounting Survey conducted with Ernst & Young LLP (EY). While lease accounting standards for public companies have been around since 2019, the results show that there is still a significant... Read Story
March 19, 2021, 07:18 AM


First Business Bank announced a new arrangement allowing First Business Bank’s Floorplan Financing clients to finance their vehicle inventory purchases from SmartAuction, an online vehicle auction from Ally Financial.To help dealers efficiently... Read Story
March 19, 2021, 07:04 AM


CIT Group announced that its Small Business Solutions group has been selected as winner of the “Business Lending Innovation Award” for its point-of-sale lending platform in the fifth annual FinTech Breakthrough Awards program. The recognition was... Read Story
March 18, 2021, 07:15 AM


Tamarack Technology, Inc. has reached a milestone as it celebrates its 20th anniversary of serving the equipment finance industry. For the past two decades, Tamarack has been helping lessors realize greater value from their operations through... Read Story
March 17, 2021, 07:21 AM


Stonebriar Commercial Finance is celebrating its sixth anniversary this week, having closed another record year with new funded volume of $1.43 billion in structured leases and loans, and driving a 36 percent year-over-year increase in operating... Read Story
March 17, 2021, 07:19 AM


Jim Carroll, a 35-year technology finance veteran, announced he has launched a new capital finance company, Wesley Capital.“I’m pleased to be able to bring my experience to work for my business clients who are looking for financial solutions... Read Story
March 17, 2021, 07:18 AM


Centra Funding, LLC announced the completion of its first securitization of equipment finance receivables, Centra Funding 2021-1. The proceeds from this securitization amount to approximately $69 million and will be used for the continuing growth of... Read Story
March 17, 2021, 07:00 AM


Stonebriar Commercial Finance announced the closing of a $70 million sale and leaseback with an independent producer of specialty hydrocarbon and fuels products. Consistent with the company’s strategic deleveraging efforts, the lease proceeds... Read Story
March 15, 2021, 07:20 AM


Utica Leaseco, LLC announced the completion of a transaction totaling $2,350,000 during the March 8 to March 12 week.The refinance secured by machinery and equipment to a multi-location oil field service provider located in Texas. By utilizing the... Read Story
March 15, 2021, 07:18 AM


36th Street Capital Partners, LLC announced the successful securitization of equipment loans and leases through a private loan transaction with pension and insurance companies as lenders. The transaction involves the securitization of $138 million of... Read Story
March 11, 2021, 07:20 AM


Orion First Financial, LLC announced CF Bankshares Inc. and its wholly owned banking subsidiary, CFBank, N.A., has selected Orion First, a full-service commercial loan and lease portfolio servicer, as its exclusive provider of primary management... Read Story
March 10, 2021, 07:22 AM


IronUp, founded by equipment data and software veterans Garrett Schemmel and Sam Giffin, leaves private beta and is now widely available. IronUp, for the first time, allows equipment renters to manage their rented fleets from all suppliers in one... Read Story
March 10, 2021, 07:10 AM


Amur Equipment Finance, Inc. announced record growth in Q4 2020. Amur’s Q4 originations increased 27 percent, year over year, with a 34 percent year over year increase in application volume. Amur is proud to have set new records for monthly and... Read Story
March 09, 2021, 07:20 AM


North Mill Equipment Finance LLC, an independent commercial equipment lessor located in Norwalk, CT., announced the upsizing of its existing investment-grade rated corporate notes to $25 million. The company intends to use the net proceeds from the... Read Story
March 09, 2021, 07:18 AM


The Global Leasing Report, released by White Clarke Group in association with the World Leasing Yearbook, is the definitive guide to the world’s top 50 leasing markets. The report has been established for over 30 years as a leading analysis of... Read Story
March 08, 2021, 07:17 AM


Meineke Dealers Purchasing Co-op Inc. (MDPCI) has presented its Vendor Appreciation Award to Corcentric, a provider of business spend management and revenue management solutions and services.Meineke also relies on Corcentric’s Managed AR solution... Read Story
March 08, 2021, 07:10 AM


Stonebriar Commercial Finance, a large-ticket independent diversified commercial finance and leasing company, announced it has closed its eighth asset-backed securitization (ABS), SCFET 2021-1. The ABS issuance is secured by a portfolio of commercial... Read Story
March 04, 2021, 07:25 AM


First Business Bank announced the closing of a $7 million inventory floorplan line of credit for an independent car dealer through its Floorplan Financing group.The dealership was seeking a bank relationship to replace its finance company floorplan... Read Story
March 04, 2021, 07:10 AM


First National Capital Corporation (FNCC), a full-service commercial equipment and aviation finance provider, announced record fourth-quarter capital deployment of $180 million and a record $371 million for the year.Keith Duggan, CEO of First... Read Story
March 03, 2021, 07:19 AM


EPC, Inc., a subsidiary of CSI Leasing, Inc. and one of the world’s largest IT asset disposition (ITAD) providers, has expanded operations in South America and rebranded sister facilities in Europe to enhance and align its global capabilities and... Read Story
March 03, 2021, 07:15 AM


Stonebriar Commercial Finance announced the closing of a $70 million sale and leaseback with an independent producer of specialty hydrocarbon and fuels products. Consistent with the company’s strategic deleveraging efforts, the lease proceeds... Read Story
March 02, 2021, 07:20 AM


TIAA Bank announced it has changed the name of its warehouse finance business to Structured Mortgage Finance, reflecting the business’ aim of serving more clients nationwide with a full range of lending services.“TIAA Bank continues to evolve and... Read Story
February 26, 2021, 07:18 AM


Solar Capital Ltd. announced it has changed its name to SLR Investment Corp. This will reflect the concurrent platform rebranding of SLRC’s investment advisor, Solar Capital Partners, to SLR Capital Partners. The new names will utilize one brand... Read Story
February 25, 2021, 07:17 AM


DLL, a global asset finance company for equipment and technology, announced its “Trees for Tomorrow” campaign – a partnership with Vermont-based 501C3 non-profit, One Tree Planted – benefitting reforestation efforts in 2021.Through the campaign... Read Story
February 24, 2021, 07:20 AM


Pitney Bowes Inc. announced the Pitney Bowes Bank has signed a term loan and accompanying revolving line of credit, demonstrating its continued commitment to the small- and mid-market business community. The term loan was signed with pharmaceutical... Read Story
February 22, 2021, 07:17 AM


Industry veteran Jim Gavaghan announced the formation of his new recruiting entity, Lease Search LLC.Prior to launching Lease Search, Gavaghan spent 33 years at GE Capital and served as a Senior Managing Director in GE’s Corporate Finance Division.... Read Story
February 22, 2021, 07:15 AM


Xerox Holdings Corporation signed Lexmark as the first original equipment manufacturer client for Xerox Financial Services (XFS), a new global payments solutions business. XFS, which finances both Xerox and third-party workplace technology needs... Read Story
February 18, 2021, 07:25 AM


CIT Group Inc. announced that its Asset-Based Lending business committed to $25 million in financing while serving as joint lead arranger on an asset-based credit facility of up to $145 million on behalf of a commercial finance company serving... Read Story
February 18, 2021, 07:05 AM


Commercial Credit Group Inc. (CCG), an independent commercial equipment finance company, announced the closing of a 144a privately placed term asset-backed security (ABS) transaction (the 2021-1 transaction). The $327,821,000 financing was placed... Read Story
February 17, 2021, 07:22 AM


Orion First has begun servicing contracts for ApplePie Capital. Based in San Francisco, CA, and led by CEO and co-founder Denise Thomas, ApplePie Capital is a nationwide lender dedicated to the franchise industry, with transaction sizes ranging from... Read Story
February 17, 2021, 07:21 AM


GreatAmerica Financial Services Corporation completed its 20th term securitization of $631.5 million in privately placed bonds with institutional investors. GreatAmerica uses proceeds from its securitizations to pay off debt in its warehouse and... Read Story
February 16, 2021, 07:22 AM


ENGS Commercial Finance Co., a Mitsubishi UFJ Lease and Finance company, has long understood the power that technology and digitization plays for businesses. To lead and service its vendors and customers faster and with more precise offerings, ENGS... Read Story
February 16, 2021, 07:21 AM


Tamarack Consulting, a provider of independent software solutions in the equipment finance and commercial lending industry, has officially changed its name to Tamarack Technology, Inc. The name change reflects the company’s new focus supporting... Read Story
February 16, 2021, 07:20 AM


FSG Capital, Inc., based in Laurel, MD, is celebrating its 30th anniversary in business.FSG is an independent equipment financing company serving businesses primarily in the mid-Atlantic area, but with customers throughout the United States. The... Read Story
February 12, 2021, 07:18 AM


ECS Financial Services announced Shareholder Nancy Geary, CPA, CLFP, has made the Monitor’s second annual Top Women in Equipment Finance List. As one of the most powerful women in the equipment financing industry, Geary possesses a unique vision for... Read Story
February 12, 2021, 07:05 AM


Fleet Advantage announced significant results provided for its clients and milestones achieved during 2020, a year that saw the need for great agility, responsiveness and inventiveness for truck transportation fleets.COVID-19 placed a significant... Read Story
February 11, 2021, 07:05 AM


Crossroads Equipment Lease and Finance, LLC recently priced its $163 million ABS debut backed by commercial truck loans to solid demand, reducing its cost of borrowing and enabling expanded funding options. Crossroads closed the equipment... Read Story
February 10, 2021, 07:22 AM


ENGS Commercial Finance Co. a Mitsubishi UFJ Lease and Finance company, announced it has earned the 2021 Top Workplaces USA award and the Financial Services Industry distinction, issued by Energage. This is the inaugural year for Top Workplaces USA... Read Story
February 10, 2021, 07:15 AM


Despite the COVID-19 pandemic, Baystone Government Finance closed its most successful year on record in 2020, the company announced.Baystone was founded 33 years ago in 1987 as the government and non-profit lending division of KS StateBank. The... Read Story
February 09, 2021, 07:22 AM


Deborah Reuben, CEO and founder of TomorrowZone announced the lineup for the Beyond Convention: EF Innovators UnConference Winter 2021 Series, scheduled to begin in mid-February. The live session series is designed to bring together forward-thinking... Read Story
February 05, 2021, 07:10 AM


Ascentium Capital LLC announced it achieved $1.25 billion in annual funded volume. The company ended 2020 with $2.6 billion in managed assets representing 8.30 percent growth in assets year-over-year.  “Our 2020 accomplishments are celebrated with... Read Story
February 04, 2021, 07:23 AM


Calculating an affordable equipment payment just got easier with Beacon Funding’s new and improved mobile app. Beacon released a new version of its 3-in-1 Equipment Financing Calculator App for both iPhone and Android mobile users.Now available in... Read Story
February 04, 2021, 07:15 AM


LeaseQuery announced the launch of its LeaseManager solution. LeaseManager, able to house an unlimited number of leases free-of-charge, is a self-service lease management solution for lessees and tenants. As companies and organizations across every... Read Story
February 04, 2021, 07:00 AM


Insight Investments, LLC and Harbor Capital Leasing, Inc. announced a partnership to accelerate the growth and momentum of their leasing organizations. Independent material handling equipment lessor, Harbor Capital, has joined forces with established... Read Story
February 03, 2021, 07:25 AM


CHG-MERIDIAN is launching its first green financing option, carbonZER0. This new option is being introduced in 27 countries – and will enable companies to make carbon-neutral IT investments by offsetting the carbon emissions that are generated during... Read Story
February 03, 2021, 07:22 AM


Balboa Capital announced the results of its “Small Business Trends for 2021 Survey” which was conducted to uncover key insights about emerging business trends for the new year. The survey, which was sent to a sample of small business owners and... Read Story
February 03, 2021, 07:20 AM


CIT Group Inc. announced its Technology, Media and Telecommunications business served as co-lead arranger and joint bookrunner for a $165 million financing on behalf of iEnergizer, a leading technology services and media solutions company.The... Read Story
February 03, 2021, 07:17 AM


KeyBank Specialty Finance Lending, a business unit of KeyBank National Association, announced it has closed a $35 million credit facility for Commercial Equipment Finance Inc. (CEFI), an independent commercial equipment finance company headquartered... Read Story
February 02, 2021, 07:23 AM


Maxim Commercial Capital announced it funded transactions ranging from $10,000 to $1.5 million for borrowers in 42 states during 2020. The financings enabled small and mid-sized businesses (SMBs) get the heavy equipment they need to sustain and grow... Read Story
February 02, 2021, 07:18 AM


Onset Financial, an independent equipment leasing company, achieved another unprecedented January with $63 million in fundings, making it the highest funding month in company history. This accomplishment is after Onset’s record-breaking 2020.For the... Read Story
February 02, 2021, 07:10 AM


Ritchie Bros. has spent the last couple of years developing an innovative, cloud-based Inventory Management System (IMS) designed to bring asset management and disposition into a new age. With Ritchie Bros. Asset Solutions' free version of the... Read Story
February 01, 2021, 07:10 AM


First American Equipment Finance was honored as No. 2 on the 2021 Top Workplaces USA list (150-499 employees) by Energage, an organization that develops solutions to build and brand Top Workplaces. The Top Workplaces USA award is built on the... Read Story
January 29, 2021, 07:05 AM


LeaseQuery, a provider of purpose-built lease accounting software, announced it is integrating its solution with Microsoft Dynamics 365 Finance and Business Central, an industry leader in enterprise resource planning (ERP) and customer relationship... Read Story
January 28, 2021, 07:17 AM


Brian Slipka, CEO of Honour Capital, announced the expansion of the company into additional space in the North Loop business district of Minneapolis. While the company will maintain a corporate address and presence in the Dinkytown neighborhood, the... Read Story
January 26, 2021, 07:20 AM


Trinity Industries, Inc. announced that Trinity Industries Leasing Company (TILC) has issued the release of its Green Financing Framework, supported by a second-party opinion from Sustainalytics, a Morningstar Company and a globally recognized... Read Story
January 26, 2021, 07:06 AM


LTi Technology Solutions (LTi), a provider in asset finance software solutions, announced support for the LIBOR to SOFR transition in all versions of its flagship product, ASPIRE V5. While the official end of LIBOR is still several months away, it... Read Story
January 25, 2021, 07:20 AM


What a difference a year can make. COVID-19’s toll on humanity has been staggering and its economic impact profound. A year ago, few could foresee how the virus would become a lingering pandemic, changing business risks and opportunities while... Read Story
January 25, 2021, 07:00 AM


Tandem Finance is one of the industry’s fastest-growing small-ticket, independent, equipment finance and lease companies. Powered by the efforts of its team and its vendor partners, Tandem continued its rapid national expansion in 2020 despite the... Read Story
January 22, 2021, 07:25 AM


Equipment Broker School, an online training course for the equipment finance and leasing industry, has released Equipment Broker Platform (CRM) a system for not only equipment finance & leasing brokers, but short-term working capital brokers as well.... Read Story
January 22, 2021, 07:00 AM


SLIM Capital, located in Beverly Hills, CA, reported 2020 as a record year of continued growth. CEO Shervin Rashti is pleased with how 2020 ended up and feels confident that there will be tremendous growth and stability in the year 2021.“Despite a... Read Story
January 21, 2021, 07:20 AM


Alliance Funding Group (AFG), one of the largest privately held equipment finance companies in the U.S., announced the launch of its new domain (afg.com), logo and brand identity.AFG has funded more than $2 billion dollars in equipment loans, leases... Read Story
January 21, 2021, 07:18 AM


Teslar Software, a provider of automated workflow and portfolio management tools designed to help community financial institutions thrive, announced it has partnered with EF Group to streamline operations and improve business relationships for the... Read Story
January 21, 2021, 07:08 AM


Visual Lease announced its 2020 business results, citing a 22 percent increase in revenue year-over-year, making it the third straight year that Visual Lease experienced double-digit growth. Along with an increase in revenue, Visual Lease reported a... Read Story
January 21, 2021, 07:05 AM


Orion First has begun servicing contracts for Paradigm Equipment Finance. Based in Salt Lake City, UT, and led by President and CEO Tyler Deters, Paradigm is a nationwide lender providing asset-based financing programs requiring minimal credit... Read Story
January 20, 2021, 07:26 AM


Arboretum Investment Advisors, LLC, an SEC-registered investment adviser specializing in asset-backed and equipment finance funds, entered into a partnership to acquire, originate and service up to $500 million of equipment leases and loans. The... Read Story
January 20, 2021, 07:20 AM


IDS, a provider of asset and equipment finance technology announced it has exited 2020 hitting multiple company milestones, including 20 go-lives of its industry leading technologies and crossing the $36 billion mark of committed net asset value... Read Story
January 19, 2021, 07:25 AM


Tamarack Consulting, a provider of independent software solutions in the equipment finance and commercial lending industry, has partnered with Hunter & Company to offer an assessment of a company’s equipment finance operation systems and workflows.... Read Story
January 15, 2021, 07:20 AM


JDR Solutions Inc., a provider of support services and infrastructure to the equipment finance industry, celebrates their 20th anniversary in 2021.JDR Solutions was founded in 2001 by Doug Williams, John Schaffner and Richard Lewis. The group was... Read Story
January 14, 2021, 07:14 AM


Quality Leasing Co., Inc., the mid-tier commercial equipment financing subsidiary of the Tom Wood Automotive Group, posted record-breaking business volume for 2020 — posting 14 percent growth in funding volume year over year.Despite the trials of the... Read Story
January 13, 2021, 07:22 AM


Dedicated Commercial Recovery Inc. has now fed one million children. Through a three-year partnership with Feed My Starving Children (FMSC), Dedicated has now donated one million meals to children across the globe. Dedicated's founder and CEO, Shawn... Read Story
January 13, 2021, 07:21 AM


Fincura, Inc. has expanded its relationship with Accord Financial Corp. providing its AI and machine learning capabilities to significantly enhance the richness of data collected by Accord, enabling insight, service, support and knowledge.As Accord... Read Story
January 13, 2021, 07:20 AM


Oakmont Capital Holdings announced a partnership with Quaint Oak Bank. As a direct, independent lender, Oakmont Capital Holdings is poised to expand its lending lines to become a stronger national force in the equipment finance industry.“Oakmont... Read Story
January 12, 2021, 07:25 AM


Rand Technology and Mitsubishi UFJ Lease & Finance (U.S.A.) have formed an alliance offering beneficial solutions to both companies’ customers by expanding life cycle support for each of their businesses. Rand offers a complete suite of solutions... Read Story
January 12, 2021, 07:22 AM


Commercial debt selling activity by banks, equipment finance companies, fintech lenders and merchant cash advance businesses is expected to grow this year as non-performing loans and leases mount from the continuing impacts of the COVID-19 pandemic... Read Story
January 12, 2021, 07:17 AM


Arctos Capital, a commercial lender with offices in San Francisco, CA and Calgary, AB, recently finished a record quarter of growth. Arctos originated over $16.5 million of equipment financings in Q4 to provide capital to the leading Bitcoin Mining... Read Story
January 11, 2021, 07:20 AM


Fleet Advantage announced it has been named to Food Logistics’ 2020 FL 100+ Top Software and Technology Providers annual list. This is the seventh straight year that Fleet Advantage has been included on the list, which honors leading software and... Read Story
January 11, 2021, 07:00 AM


Financial Partners GROUP (FPG) announced fourth-quarter funding volume of $77 million, including the largest month in company history with December volume exceeding $31 million.“Q4 was our first full quarter under the expansion and rebrand of FPG and... Read Story
January 08, 2021, 07:16 AM


Orion First has begun servicing contracts for TEAM Funding Solutions. Based in Austin, TX, TEAM, like much of the industry, was interrupted by the pandemic, which forced a reevaluation of its business operations. Ready to focus again on growing... Read Story
January 07, 2021, 07:26 AM


North Star Leasing announced that 2020 was a record-setting year in the 41-year history of the equipment leasing company. It set all-time highs in annual, quarterly and monthly funding.Buoyed by a $10 million December – the company's top funding... Read Story
January 07, 2021, 07:25 AM


In a year filled with unforeseen and unparalleled challenges, small and midsize U.S. business leaders are showing resilience by remaining nimble, accelerating digital adoption and using lessons learned to plan for continued economic uncertainty... Read Story
January 06, 2021, 07:20 AM


Blue Bridge Financial, LLC, an independent commercial equipment finance company, announced the upsizing of its existing corporate notes to $15.0 million. This incremental capital raise follows the company’s previously announced three-year extension... Read Story
January 06, 2021, 07:09 AM


North Mill Equipment Finance LLC, an independent commercial equipment lessor located in Norwalk, CT, announced 2020 was the best 12 months in the company’s 60-year history as loan and lease originations reached an all-time high. Reporting upsurges in... Read Story
January 05, 2021, 07:22 AM


Onset Financial, an independent equipment leasing company, has achieved another record-breaking funding year in 2020 with $240 million in fundings. This beats its prior funding record set in 2019 by 14 percent.  Achieving this milestone demanded a... Read Story
January 05, 2021, 07:18 AM


Resolvion, an Atlanta, GA-based equipment repossession management firms, has expanded its services to provide customers with a comprehensive solution to equipment recovery and liquidation needs. This “end-to-end” program, called Recovery Plus... Read Story
January 05, 2021, 07:15 AM


A new Sandhills Global market data report highlights dropping inventory levels making a major impact on year-over-year used equipment values in key construction, farm and truck markets. By assessing year-over-year inventory and equipment values... Read Story
January 04, 2021, 07:06 AM


The American Institute of CPAs (AICPA) is a strong advocate of additional relief for small businesses and worked in recent months to prepare CPA firms for the next round of Paycheck Protection Program (PPP) funding through the development of... Read Story
December 29, 2020, 07:25 AM


Atlas Engineered Products announced it has signed a new credit and banking agreement with TD Canada Trust.“We are excited with this new financing and credit partnership with TD Canada Trust of up to $11.1 million. With this agreement we replace our... Read Story
December 29, 2020, 07:20 AM


Wells Fargo was awarded the top prize for Sustained Excellence by S&P Global Platts at its 2020 Global Energy Awards. The Sustained Excellence category recognizes companies that are embracing efficiency and renewable energy in their operations to... Read Story
December 29, 2020, 07:14 AM


Fleet Advantage announced its foundation, Kids Around the Corner, donated $5,200 to The Salvation Army Angel Tree Program of Fort Lauderdale in collaboration with Walmart.Each year, The Salvation Army and Walmart collaborate to provide gifts for... Read Story
December 29, 2020, 07:00 AM


North Mill Equipment Finance LLC, an independent commercial equipment lessor located in Norwalk, CT., announced the company closed on two fourth quarter capital market transactions.The company increased the size of its senior loan facility with... Read Story
December 28, 2020, 07:25 AM


While COVID-19 has meant tremendous economic hardship across all business sectors, executives widely feel employees have risen to the occasion regarding productivity as a result of much of the country utilizing a work-from-home (“WFH”) model.... Read Story
December 28, 2020, 07:12 AM


HYPERAMS, a full-service auction, appraisal, retail liquidation and reverse logistics firm, celebrates its 10th year this month. The HYPERAMS management team recently reflected on the company’s decade in business, its successful growth over the years... Read Story
December 28, 2020, 07:11 AM


Liventus was ranked in Clutch’s top 1000 for 2020, the market research firm’s most exclusive award. The ranking puts Liventus among the top 1 percent of B2B companies in theworld.“I appreciate Clutch’s recognition as a top B2B company in our specific... Read Story
December 28, 2020, 06:59 AM


Bob Rinaldi released his exclusive video interview with internationally acclaimed geopolitical expert Peter Zeihan. Zeihan discusses the rollout of the COVID-19 vaccine and its economic impact over the next three years on capital equipment spending... Read Story
December 22, 2020, 07:25 AM


Wintrust Asset Finance Inc. (WAF) was recently listed in the Monitor Daily’s Monitor Bank 50 for 2020, which provides a total analysis of the largest bank-affiliated equipment leasing and finance companies in the U.S. The ranking exemplifies WAF’s... Read Story
December 22, 2020, 07:04 AM


The Alta Group and Reimagine Advisors announced a strategic partnership this month that will enable them to bring transformative technology solutions to clients seeking a competitive advantage in the digital-first economy.Reimagine Advisors, recently... Read Story
December 21, 2020, 07:20 AM


Amur Equipment Finance announced it is Great Place to Work-Certified for 2020, with 95 percent of Amur’s employees confirming Amur is a great place to work. This is the third year in a row that Amur has achieved the Great Place to Work-Certified... Read Story
December 18, 2020, 07:10 AM


LTi Technology Solutions LTi Technology Solutions (LTi), a provider in asset finance software solutions, provided a company update for the end of the 2020 year. LTi was well-positioned for business resiliency with its industry-leading cloud solution... Read Story
December 17, 2020, 07:21 AM


Leasepath, provider of the Asset Finance industry’s only cloud-first Finance Origination (LOS) and Customer Engagement (CRM) platform on the Microsoft Cloud, announced the selection of its flagship product by Oakmont Capital Services (OCS).“We’re... Read Story
December 17, 2020, 07:20 AM


LTi Technology Solutions (LTi) provided a company update for UK’s marketplace. LTi announced it has implemented two strategic customer go-lives in December in the UK with its industry-leading cloud solution, ASPIRE. The customers’ range from... Read Story
December 16, 2020, 07:20 AM


Ivory Consulting Corporation, a provider of equipment lease and loan software, announced SuperTRUMP, its flagship product, along with its business intelligence product, Portfolio Intelligence, have been selected by five asset finance businesses in... Read Story
December 16, 2020, 07:05 AM


Fleet Advantage announced the company has been selected as a 2020 recipient of the Green Supply Chain Award by Supply & Demand Chain Executive Magazine. This is the second year Fleet Advantage received this award.The Green Supply Chain Award... Read Story
December 15, 2020, 07:10 AM


Arctos Capital, a commercial lender with offices in San Francisco, CA, and Calgary, AB, has closed another equipment financing transaction to help leading Bitcoin Mining firms bring more hashpower to North America. The $6.5M transaction financed the... Read Story
December 14, 2020, 07:20 AM


Leasepath, provider of the cloud-first Finance Origination (LOS) and Customer Engagement (CRM) platform built exclusively for asset finance, announced the formation of a strategic partnership with technology-driven insurance solutions provider... Read Story
December 09, 2020, 07:25 AM


Bard College has received a gift of $5 million for its endowment from alumnus and trustee Mostafiz ShahMohammed. This generous unrestricted gift to Bard’s endowment will strengthen the college’s ability to support everything from scholarships to... Read Story
December 09, 2020, 07:20 AM


Former TIAA Bank Commercial Information Officer Denis Stypulkoski launched Reimagine Advisors, a consulting firm. Reimagine Advisors is a transformation consultancy helping organizations to proactively reimagine their business to compete in the... Read Story
December 09, 2020, 07:19 AM


First Business announced a new agreement with ACV Auctions to offer Floorplan Financing through ACV Auctions digital auction site. The partnership allows independent used car dealers who have earned competitive pricing and upscale service to purchase... Read Story
December 09, 2020, 07:05 AM


Want to hear what it takes to start and scale an equipment leasing business, then welcome to your very own front-row seat? Bob Rinaldi adds to his Leasing Avenues blog with an up-close and personal video interview with Kirk Phillips, President and... Read Story
December 08, 2020, 07:20 AM


The equipment professionals at Loeb have been creating winning solutions since 1880. Loeb has added another innovative solution to its portfolio of financial services. Loeb’s Line of Credit option now allows clients to leverage the value of their... Read Story
December 04, 2020, 07:10 AM


North Mill Equipment Finance LLC, an independent commercial equipment lessor located in Norwalk, CT, announced the company reached an all-time high in monthly loan and lease originations in November. The record-breaking month saw funded volume climb... Read Story
December 03, 2020, 07:20 AM


LTi Technology Solutions (LTi) announces a new partnership with DocuSign. ASPIRE’s new integration with DocuSign gives customers the ability to electronically sign documents in a matter of seconds. By fully digitizing the signature process, ASPIRE... Read Story
December 03, 2020, 07:18 AM


LeaseQuery, a provider of purpose-built lease accounting software, announced its partnership with Sage Fixed Assets, a provider of asset management software. This alliance will allow LeaseQuery and SFA to combine lease management and capital... Read Story
December 02, 2020, 07:18 AM


Peapack-Gladstone Financial Corporation and Peapack-Gladstone Bank announced that Kim Waldron, Senior Managing Director, Platinum Service Team, has graduated from the NJBankers Emerging Leaders Program.  This nine-month banking curriculum is designed... Read Story
December 02, 2020, 07:12 AM


LTi Technology Solutions (LTi), a provider in asset finance software solutions, announced that Honour Capital has selected the ASPIRE platform to help meet its long-term strategic, financial and operational goals. When Honour Capital was in the... Read Story
December 01, 2020, 07:20 AM


Balboa Capital, a direct lender that specializes in small business loans and equipment financing, is seeing an increase in capital equipment investing by small business owners who want to take advantage of the current Section 179 tax deduction before... Read Story
December 01, 2020, 07:10 AM


Corporate leaders now identify fear of further shutdowns from a new wave of COVID-19 infections as their top concern (54 percent), outpacing the implications of a global economic downturn (41 percent), according to the latest results of PwC’s Road to... Read Story
November 30, 2020, 07:22 AM


Minerva Beauty, Inc. has partnered with Amerifund, Inc. to provide Minerva Beauty customers with an additional equipment financing option. For over 25 years, Amerifund has provided quick approvals and customized financial solutions for businesses... Read Story
November 30, 2020, 07:10 AM


Earlier this year, the American Institute of CPAs (AICPA) joined more than 170 organizations urging Congress to include a technical correction addressing the tax treatment of loan forgiveness under the Paycheck Protection Program (PPP) in its next... Read Story
November 24, 2020, 07:10 AM


The NFIB Research Center released the latest quarterly Small Business Economic Trends Industry-specific survey. The survey highlights the construction, manufacturing, retail and services industries. NFIB released previous reports in August and May... Read Story
November 23, 2020, 07:20 AM


Visual Lease, a provider of lease accounting and management software, announced the company ranked No. 167 on Deloitte’s Technology Fast 500, a ranking of the 500 fastest-growing public and private technology, media, telecommunications, life sciences... Read Story
November 23, 2020, 06:55 AM


DLL, a global asset finance company for equipment and technology, received the 2020 Digital Innovation Award from Leasing Life, one of the top leasing industry journals in Europe, during the first virtual Leasing Life Conference & Awards event.  The... Read Story
November 20, 2020, 07:19 AM


Liberty Commercial Finance, an independent equipment lease and finance company, announced it has closed a new senior lending facility with Texas Capital Bank to further expand its direct funding capabilities. This new facility comes shortly after... Read Story
November 19, 2020, 07:20 AM


Leasepath, provider of the cloud-first Finance Origination (LOS) and Customer Engagement (CRM) platform built exclusively for asset finance, announced the successful launch of its flagship product with First Financial Equipment Leasing, the Orange... Read Story
November 19, 2020, 07:18 AM


Deborah Reuben, CEO and Founder of TomorrowZone, along with asset finance company DLL, announced plans to launch the Beyond Convention: EF Innovators UnConference – the first industry-wide community innovation challenge to meet the urgent tech needs... Read Story
November 16, 2020, 07:20 AM


CWB National Leasing has been named one of Canada’s Top 100 Employers for the fifth year in a row. This recognition is a testament to its evolving workplace culture, as it continues to grow and seek ways to create a fulfilling and meaningful working... Read Story
November 16, 2020, 07:04 AM


Siemens Financial Services, part of Siemens Healthcare Sector, has chosen the TurnKey Lender Unified Lending Platform to digitize its loan-approval process for almost instant decisioning.Siemens Healthcare Sector is one of the world's largest... Read Story
November 13, 2020, 07:23 AM


Fincura welcomed Commercial Equipment Finance, Inc. (CEFI), an independent, full-service commercial equipment finance and leasing company, to its family of customers. CEFI will take advantage of Fincura’s financial insight engine to drive faster... Read Story
November 11, 2020, 07:10 AM


CIT Group Inc. announced the start of its annual partnership with Feeding America and this year, will double its commitment in the fight against hunger and help donate Two Million Meals for people struggling with food insecurity across the... Read Story
November 11, 2020, 07:05 AM


TAB Bank announced it has opened a Small Ticket Accounts Receivable (STAR) Financing office in Plano, TX. The new office has a team of 22 commercial finance professionals and will underwrite and manage credit facilities under $1 million.... Read Story
November 10, 2020, 07:00 AM


In the wake of the COVID-19 pandemic, remote work has gone from being a perk offered by employers to standard operating practice for many companies. A survey of 2,053 U.S. adults conducted in October by The Harris Poll on behalf of the American... Read Story
November 09, 2020, 07:16 AM


North Mill Equipment Finance LLC, an independent commercial equipment lessor located in Norwalk, CT, will host a 30-minute webinar on how referral agents can benefit from the organization’s financial solutions and record-breaking year in originations... Read Story
November 09, 2020, 07:08 AM


ENGS Commercial Finance Co., a Mitsubishi UFJ Lease and Finance company, announced it has again been awarded the Top Workplace by the Chicago Tribune as one of the most dynamic and industry leading business in Chicago for 2020. This distinction is... Read Story
November 06, 2020, 07:09 AM


NFS Leasing, Inc. and Longhorn Corp. have struck an $840,000 equipment finance agreement that will supply the crane and machinery rental servicer with the equipment needed to support its increase in demand. Longhorn provides superior lifting services... Read Story
November 05, 2020, 07:15 AM


Finance software provider White Clarke Group has launched a new version of the CALMS Customer Direct module, developed to support finance companies in the process of digitalizing their online finance services.The module simplifies and automates the... Read Story
November 05, 2020, 07:14 AM


Fleet Advantage, an innovator in truck fleet business analytics, equipment financing and life cycle cost management (LCCM), announced it has been named one of FreightWaves’ 2021 FreightTech 100 most innovative and disruptive companies in... Read Story
November 05, 2020, 07:10 AM


Brian Slipka, a Twin Cities, MN-based entrepreneur and former Senior Vice President and Head of TCF Technology Finance at TCF Capital Solutions/Winthrop Resources Corporation, a division of TCF Bank, along with Shea Huston, former Regional Vice... Read Story
November 04, 2020, 07:25 AM


Targeted Lease Capital, LLC (TLC) announced the completion of a $5 million incremental capital raise to $10 million of its existing corporate notes. This transaction follows the company's successful inaugural capital markets issuance in 2018. The... Read Story
November 04, 2020, 07:20 AM


Balboa Capital, a direct lender that offers equipment financing and small business loans, announced it has closed its seventh equipment asset-backed securitization (ABS), a $201 million issuance. Truist Securities, Inc. served as structuring agent... Read Story
November 03, 2020, 07:23 AM


Executive and board director compensation practices have come under more scrutiny as a result of the pandemic. BDO USA, LLP has released two separate reports, one on CEO and CFO compensation and one on board compensation, which explore how... Read Story
October 30, 2020, 07:15 AM


CapX Partners (CapX), a provider of middle-market equipment leasing and financing programs, has completed its transition becoming fully part of the Accord Financial Corp. family rebranding as Accord Equipment Finance (AEF). In 2017, CapX merged with... Read Story
October 29, 2020, 07:18 AM


Encina Equipment Finance, LLC (EEF) announced the recent closing of two financing facilities totaling $755 million; $605 million of the total relates to the amendment and extension of an existing bank facility, while the other $150 million relates to... Read Story
October 28, 2020, 07:10 AM


Ascentium Capital LLC announced quarter-over-quarter growth of 21.2 percent. The company has provided over $7.1 billion in financing since 2011, reaching a new funding milestone. “Ascentium Capital’s quarterly results reflect our goal to stay... Read Story
October 27, 2020, 07:22 AM


Kroll Bond Rating Agency (KBRA) has assigned preliminary ratings to four classes of notes issued by Dext ABS 2020-1, LLC, an equipment ABS transaction.Dext Capital, LLC (Dext), founded in 2018 and headquartered near Portland, OR, is an independent... Read Story
October 26, 2020, 07:15 AM


Wolters Kluwer Lien Solutions has won two Best in Biz International 2020 Awards, with the Most Innovative Product Feature of the Year, Lien Insights Report (Gold), accolade as well as the Best New Product of the Year, Portfolio Sync (Silver)... Read Story
October 26, 2020, 07:14 AM


Encina Capital Partners and an affiliate of certain funds managed by Oaktree Capital Management, L.P. (Oaktree) announced that they have launched Encina Lender Finance, LLC (ELF), a new independent lender finance platform targeting commercial and... Read Story
October 22, 2020, 07:25 AM


Advance Acceptance, the equipment finance division of First Western Bank & Trust, announced the company will be known as First Western Equipment Finance effective immediately. This rebranding allows Advance Acceptance and its cleaning industry... Read Story
October 22, 2020, 07:22 AM


Simplifying access to capital for small and medium businesses across the U.S. and Canada is the foundation of the new Accord Financial Corp. brand. Accord, one of North America’s leading independent finance companies, is introducing a streamlined... Read Story
October 22, 2020, 07:20 AM


CIT Group announced that its Asset-Based Lending and Sponsor Finance businesses, both part of the Commercial Finance division, collaborated to serve as joint lead arranger on $175 million financing for MSTS, a B2B payment and credit solutions... Read Story
October 22, 2020, 07:05 AM


LeaseAccelerator announced the introduction of the LeaseAccelerator Guarantee. The LeaseAccelerator Guarantee ensures customers can achieve rapid lease accounting compliance through automation by guaranteeing that customers can see success in just... Read Story
October 22, 2020, 06:55 AM


Crossroads Equipment Lease and Finance announced the addition of commercial trucking insurance to its offering. Crossroads will offer its customers an array of coverage options including: Commercial Auto Liability, Commercial Physical Damage, Cargo... Read Story
October 21, 2020, 07:15 AM


Eric Axelrod has transformed a surplus of firewood in his Jericho, VT, yard into a budding fuel assistance program designed to help Vermonters stay warm this winter. With the help of his two sons, Devin (14) and Logan (10), Axelrod has started “Wood... Read Story
October 20, 2020, 07:11 AM


Great Place to Work and Fortune have honored First American Equipment Finance, at No. 22, on the 2020 Best Small & Medium Workplaces list for the fifth consecutive year. The ranking is based on confidential survey feedback representing more than... Read Story
October 19, 2020, 07:09 AM


Goldman Sachs is recognizing Stonebriar Commercial Finance President and CEO Dave B. Fate as one of the 100 Most Intriguing Entrepreneurs of 2020 at its Builders + Innovators Summit.Goldman Sachs selected Fate as one of 100 entrepreneurs from... Read Story
October 15, 2020, 07:25 AM


Orion First, a commercial loan and lease servicer, released its latest product: a customer portal enhancing the customer experience for borrowers. Orion’s new customer portal is a mobile-friendly website designed purely for the end user. With it... Read Story
October 15, 2020, 07:23 AM


Arvest Equipment Finance (AEF), a division of Arvest Bank, has purchased property in the Chaffee Crossing Historic District area for its new headquarters. A “construction kickoff” ceremony was held Oct. 9 to mark the beginning of remodeling the... Read Story
October 12, 2020, 07:20 AM


Blue Bridge Financial, LLC, an independent commercial equipment finance company, announced the closing of a one-year extension of its $20 million revolving credit facility with Fifth Third Bank, National Association.“We are very pleased to extend our... Read Story
October 09, 2020, 07:15 AM


CIT Group Inc. Chairwoman and Chief Executive Officer Ellen R. Alemany has received the Leadership Legacy Award from the Center for Executive Succession at the University of South Carolina’s Darla Moore School of Business. The award honors building a... Read Story
October 08, 2020, 07:15 AM


GOVCON Asset Management Services, a division of GOVCON Funding Corporation, has launched the Distressed Asset Redeployment Program (DARP) to assist global financial institutions in their ability to recapture investments within their Non-Performing... Read Story
October 08, 2020, 07:07 AM


CWB National Leasing’s equipment financing customers can now access their agreements, update their information and apply for financing online with the launch of NLi Financing Portal.The online portal is the latest addition to the National Leasing... Read Story
October 08, 2020, 06:50 AM


North Mill Equipment Finance LLC, an independent commercial equipment lender, announced the company posted record originations for the third quarter of 2020, the best three months in the firm’s history. Representing a growth rate of approximately 15... Read Story
October 07, 2020, 07:25 AM


Tamarack Consulting, Inc. and Hunter & Company, LLC have entered into a strategic partnership to expand the scope of their services to equipment finance client companies. As leaders in providing independent software solutions in the equipment finance... Read Story
October 07, 2020, 07:15 AM


Twin Salvage launched its scrap metal processing business in 2017, where it began cutting up and liquidating large metal structures such as oil drilling rigs, trailers and steel buildings. Through new partnerships, Twin Salvage continued to grow... Read Story
October 07, 2020, 07:00 AM


Wells Fargo announced the launch of Payment Tracker, a new, single status, secure, web-based solution for tracking global payments.“We are committed to digitally enabling and empowering our financial institution customers with transparent... Read Story
October 06, 2020, 07:07 AM


Uber Technologies, Inc. and Greenbriar Equity Group, L.P., a New York-based investment firm and one of the leading investors in the logistics space, announced an investor group led by Greenbriar has committed to invest $500 million in a Series A... Read Story
October 05, 2020, 07:22 AM


Chesswood Group Limited announced the closing by its subsidiary Pawnee Leasing Corporation of its second marketed U.S. securitization of receivables. Proceeds from this securitization were $183 million and will be used to repay Pawnee's two... Read Story
October 01, 2020, 07:10 AM


CB Insights has named LeaseAccelerator to its third annual Fintech 250 list, a group of private companies working on groundbreaking financial technology.“We’re proud to recognize the best private fintech companies globally. This year’s Fintech 250... Read Story
September 30, 2020, 07:10 AM


Rinaldi Advisory Services, LLC and Tom Ware Advisory Services, LLC announced a strategic alliance between the two firms. Rinaldi Advisory Services, led by Bob Rinaldi, was founded in 2018 to provide CEOs and founders of firms in the industry a very... Read Story
September 29, 2020, 07:25 AM


Supply & Demand Chain Executive magazine announced it has named Katerina Jones, Senior Director of Marketing and Business Development at Fleet Advantage, to its first-ever Women in the Supply Chain Awards.The Women in Supply Chain Award honors female... Read Story
September 29, 2020, 07:10 AM


Companies are planning on retaining remote work options to a greater degree than they did pre-pandemic once workplace restrictions ease, the third-quarter AICPA Economic Outlook Survey found. The survey polls chief executive officers, chief financial... Read Story
September 28, 2020, 07:15 AM


Visual Lease announced its newly available Lease Accounting Milestone Planner (LAMP) tool to help companies prepare for important tasks leading up to ASC 842 and GASB 87 compliance deadlines. The Lease Accounting Milestone Planner provides a clear... Read Story
September 28, 2020, 07:06 AM


LEAF Commercial Capital, Inc., a U.S. equipment leasing and finance company and subsidiary of People’s United Bank, N.A., announced Michelle Speranza, Senior Vice President and Chief Marketing Officer, has been recognized as one of The Cannata... Read Story
September 25, 2020, 07:20 AM


Sterling Bancorp, the parent company of Sterling National Bank, announced it has completed two loan portfolio sales including the remaining balance of its small business commercial transportation loans and the majority of its residential mortgage non... Read Story
September 24, 2020, 07:27 AM


Northteq formalized its partnership with Plaid to streamline the lending processes directly on Salesforce.com. Plaid’s technology enables Salesforce.com users to easily connect borrower’s financial accounts for loan payment processing via Stripe, and... Read Story
September 24, 2020, 07:19 AM


Stonebriar Commercial Finance announced the closing of a $30 million sale and leaseback with an industry leading producer and marketer of agricultural, mining and industrial chemicals. The lease proceeds, based on an in-place and in-continued-use... Read Story
September 24, 2020, 07:18 AM


Companies spent the equivalent of around $15 billion extra a week on technology to enable safe and secure home working during COVID-19, reveals the 2020 Harvey Nash/KPMG CIO Survey. This was one of the biggest surges in technology investment in... Read Story
September 23, 2020, 07:26 AM


NFS Leasing, Inc. established a new partnership with COLA, CLIA and CDC certified laboratory, Premier Medical Laboratory Services (PMLS). The equipment finance agreement totaling just over $2 Million would fill an immediate need for PMLS as it faced... Read Story
September 23, 2020, 07:22 AM


The American Institute of Certified Public Accountants (AICPA), its business and technology arm, CPA.com, and fintech leader Biz2Credit announced they are teaming up on a new platform, CPALoanPortal.com, to streamline the process for CPA firms... Read Story
September 23, 2020, 07:17 AM


Wintrust Commercial Finance (WCF), a division of Wintrust Asset Finance Inc., announced its year-to-date funded volume has exceeded $500 million.As a provider of financing and leasing for the equipment financing industry, WCF has remained dedicated... Read Story
September 22, 2020, 07:25 AM


Wolters Kluwer Lien Solutions has won four 2020 International Business Awards (IBA), including two Gold-level awards, as part of the renowned Stevie Awards program for innovation in the below categories: Best FinTech Solution: “iLien Motor Vehicle... Read Story
September 22, 2020, 07:15 AM


Sale and leaseback transactions have seen a substantial increase in recent years as an alternative method of ship financing, and BIMCO has adopted a new term sheet which will facilitate the negotiation of sale and leaseback deals and make the process... Read Story
September 22, 2020, 07:10 AM


Visual Lease announced the successful migration of its more than 700 customers to cloud-based data center, Amazon Web Services (AWS). Further enhancing the platform’s infrastructure, AWS cloud hosting provides Visual Lease customers with unparalleled... Read Story
September 22, 2020, 07:00 AM


The coronavirus pandemic has continued to pose challenges to operators in the global auto and equipment finance industries. As U.S. GDP is predicted to drop by 4.6 percent in 2020, and European GDP is predicted to drop 4.5 percent - while prices are... Read Story
September 21, 2020, 07:20 AM


For middle-market and small businesses, the COVID-19 pandemic is highlighting the vital importance of investing in new technology, facilitating remote work and maintaining the tech-savvy workforce needed to make it all happen, according to a new... Read Story
September 17, 2020, 07:20 AM


Existing customer Molecular Testing Labs needed additional laboratory testing equipment fast as demands soared due to COVID-19 concerns. NFS Leasing, Inc. was able to complete the agreement quickly supporting their opportunity to meet the customer’s... Read Story
September 17, 2020, 07:19 AM


CWB National Leasing and MarketBook.ca, a product of Sandhills Global, Inc., announced CWB National will become the exclusive partner for all financing activities through MarketBook.ca and other Sandhills Global platforms.This partnership is a direct... Read Story
September 16, 2020, 07:05 AM


Rinaldi Advisory Services and Executive Solutions for Leasing and Finance announced a partnership between the two firms. RAS, led by Bob Rinaldi, was recently founded to provide a wide variety of consulting services to firms within the equipment... Read Story
September 15, 2020, 07:25 AM


During this time when just about everything seems out of the ordinary, Summit Funding Group, Inc. remains a vibrant business and is looking to grow. Not only has the company been running business as usual, but it also announced the expansion, plus... Read Story
September 14, 2020, 07:15 AM


eOriginal, Inc. announced rapid growth across its digital lending business, spurred by demand for purpose-built technology that makes lending frictionless, secure and trusted, from closing to the secondary market. In response to COVID-19, originators... Read Story
September 11, 2020, 07:20 AM


Sertant Capital completed nine transactions totaling $6.6 million in July.The following are the completed transactions: $3.0 million for lift equipment for a major national equipment rental company; $2.9 million for transportation equipment to be... Read Story
September 10, 2020, 07:15 AM


More than 100 asset finance leaders have revealed their vision for the future of asset finance in a post-COVID world, White Clarke Group reported. In the special report, business leaders, including senior executives from some of Europe’s largest... Read Story
September 10, 2020, 07:09 AM


Quality Leasing Co., Inc., the mid-tier commercial equipment financing subsidiary of the Tom Wood Automotive Group, achieved significant growth in new business funding volume despite the global COVID-19 pandemic.In the months of May through August... Read Story
September 09, 2020, 07:15 AM


CIT Group Inc. announced its Power and Energy business was named Renewable Energy Lead Arranger of the Year by Power Finance & Risk, a top publication covering the energy project finance industry.CIT’s Power and Energy business was selected by the... Read Story
September 09, 2020, 07:11 AM


LeaseQuery, a provider of purpose-built lease accounting software, was ranked No. 29 on the annual Inc. 5000 list as one of the nation’s fastest-growing private companies. The list represents a unique look at the most successful companies within the... Read Story
September 08, 2020, 07:12 AM


William Bonnell, Executive Vice President, Risk Management, and Chief Risk Officer, National Bank of Canada, was elected Chair of The Risk Management Association (RMA). Michael Nassy, Executive Vice President and Chief Credit Officer, FVCbank, was... Read Story
September 03, 2020, 07:09 AM


eOriginal announced the release of ClosingCenter 2.2, anchored by enhanced pre-closing capabilities, increasing the efficiency and convenience of digital closings for lenders, borrowers and settlement agents.   ClosingCenter Pre-Close provides... Read Story
September 03, 2020, 07:00 AM


Amur Equipment Finance, Inc. has continued its investment in its strategic growth, notwithstanding the nationwide economic slowdown caused by the COVID-19 pandemic, as the company prepares to celebrate 25 years in business in 2021. As a testament to... Read Story
September 02, 2020, 07:25 AM


Hertz Global Holdings Inc. has received interest from several potential buyers for its Donlen fleet business and is considering a sale if it can get at least $1 billion, according to people familiar with the matter, Bloomberg reported.Hertz filed for... Read Story
September 02, 2020, 07:22 AM


LTi Technology Solutions, a provider in equipment finance software solutions, congratulates its nearly 40 customers who were recently included in the 2020 Monitor 100. Every year this list ranks participants according to categories such as market... Read Story
September 02, 2020, 07:20 AM


ENGS Commercial Finance Co. (ENGS) announced its working capital subsidiary, ENGS Commercial Capital (ECC), is offering floor plan financing to qualified dealers and equipment manufacturers.“ENGS is committed to helping our OEM and vendor partners... Read Story
September 01, 2020, 07:15 AM


Workhorse Group Inc., an American technology company focused on providing sustainable and cost-effective electric drone-integrated vehicles to the last-mile delivery sector, announced strategic agreements between the company and both Hitachi America... Read Story
September 01, 2020, 07:07 AM


Many top concerns, including the cost of health insurance, labor and taxes, remain constant despite economic conditions, according to the 2020 NFIB Problems and Priorities Survey. The data, collected just prior to the COVID-19 health and economic... Read Story
August 27, 2020, 07:15 AM


Channel Partners Capital, a nationwide provider of small business financing, was ranked No. 1,507 among the 5,000 fastest-growing private companies in the U.S. by Inc. magazine. This is the eighth consecutive year for Channel Partners Capital on the... Read Story
August 26, 2020, 07:20 AM


Resolvion, a repossession management and skip-tracing services provider, recently moved into a larger facility in Carlsbad, CA., to support its strong growth in the marketplace. Carlsbad is a city near San Diego, located along the Pacific Ocean... Read Story
August 26, 2020, 07:10 AM


Onset Financial eclipsed the $100 million benchmark for 2020 new fundings in July. While the company continues to adapt as it overcomes the challenges of a global economic downturn, it remains consistent in its excellent ability to meet its... Read Story
August 21, 2020, 07:25 AM


Bitfarms Ltd. announced it has entered into an equipment lease with BlockFills for 1,000 WhatsMiner M31S+ miners to be delivered and installed in approximately two weeks. BlockFills is the first electronic, off exchange, digital liquidity provider... Read Story
August 21, 2020, 07:05 AM


Stonebriar Commercial Finance announced it has closed its seventh commercial equipment asset-backed securitization (“ABS”), SCFET 2020-1, a $572 million ABS issuance with top tranches achieving the highest possible short-term and long-term ratings... Read Story
August 20, 2020, 07:20 AM


As the fight against the coronavirus continues, Peapack-Gladstone Bank has focused on its unwavering support of nonprofits, local organizations and food banks through monetary donations, volunteer engagement and community service. Ensuring food... Read Story
August 19, 2020, 07:00 AM


Commercial Credit Group Inc. (CCG), an independent commercial equipment finance company, announced the closing of a 144a privately placed term asset-backed security (ABS) transaction (the 2020-1 transaction). The $326,962,000 financing was placed... Read Story
August 18, 2020, 07:25 AM


Odessa, a global provider of asset finance software, announced it has earned a spot on the 2020 Inc. 5000 list.Over the past three years, Odessa experienced a growth rate of 102.95 percent which led to its recognition in the Inc. 5000 list. Through... Read Story
August 18, 2020, 07:15 AM


CIT Group Inc. announced its Asset-Based Lending business, working in conjunction with its Sponsor Finance group, served as lead arranger on senior secured credit facility for von Drehle Corporation, a leading maker of high-quality paper towel... Read Story
August 18, 2020, 07:10 AM


LTi Technology Solutions, a provider in asset finance software solutions, announced it is sponsoring and organizing the 2nd annual AFPA Trust Cycle Ride. The LTi sponsored event is crucial in helping the Asset Finance Professionals Association (AFPA)... Read Story
August 18, 2020, 07:06 AM


Ritchie Bros. Auctioneers Incorporated announced the closing of an amendment and extension of its credit agreement totaling $630 million with a syndicate of lenders comprising: multicurrency revolving facilities of up to $530 million and a... Read Story
August 18, 2020, 07:00 AM


Leasepath announced the successful launches of three customers in the greater Los Angeles, CA, area, all independent finance companies leveraging the full Leasepath product capabilities. Leasepath is also announcing the opening of a new office in Los... Read Story
August 17, 2020, 07:25 AM


Please join the folks at CoreTech Leasing who have decided to opt-out of attempting a virtual dining event this year and give back to the community that has given all of us in the legal industry so many memories and pay-it-forward by making a... Read Story
August 17, 2020, 07:00 AM


Inc. magazine announced that Visual Lease ranked No. 389 on its annual Inc. 5000 list. Visual Lease, a provider of lease accounting and management software, ranked within the top 10 percent with an impressive three-year growth rate of 1,193... Read Story
August 14, 2020, 07:10 AM


Tamarack Consulting, a provider of independent software solutions in the equipment finance and commercial lending industry, has earned a place on the Inc. 5000 list of fastest-growing private companies for the fifth consecutive year.The Inc. 5000... Read Story
August 13, 2020, 07:25 AM


KeyBanc Capital Markets Inc. (KBCM), the corporate and investment banking unit of KeyCorp released results from its Technology Group's 11th annual Private SaaS Company Survey (formerly known as the Pacific Crest Securities Private SaaS Company... Read Story
August 12, 2020, 07:14 AM


TCF National Bank announced the successful completion of its integration with Chemical Bank, creating a strong foundation to strengthen individuals, businesses and the community. TCF retired the Chemical brand and unveiled its new brand platform and... Read Story
August 11, 2020, 07:16 AM


GreatAmerica Financial Services Corporation announced a new print security program for office technology providers to support the new work-from-home world. The MPSecure program educates providers on network security risks that arise from using... Read Story
August 10, 2020, 07:20 AM


IndustryEra, a media brand offering technology-based content about the latest innovations and progressive leadership, announced that QuickFi CEO Bill Verhelle has been selected as one of the 10 best CEOs of 2020.The QuickFi business equipment... Read Story
August 07, 2020, 07:30 AM


Fortune and Great Place to Work named First American Equipment Finance No. 24 among the Best Small and Medium Workplaces for Millennials. First American’s workforce is 82 percent millennial and Gen Z colleagues. This accolade marks the fourth time... Read Story
August 07, 2020, 07:25 AM


eBay is partnering with LendingPoint to launch a new program that will give eBay sellers in the U.S. access to funding to help grow and sustain their businesses. The program, eBay Seller Capital powered by LendingPoint, is compatible with payments... Read Story
August 06, 2020, 07:17 AM


CIT Group Inc. announced it has made a donation to provide enough fresh food for 100,000 meals to Table to Table, a community-based food rescue program that redistributes would-be wasted food to those in need. The donation addresses food insecurity... Read Story
August 06, 2020, 07:00 AM


Liberty Commercial Finance, an independent equipment lease and finance company, announced it has received a significant minority investment from Copley Equity Partners, a private investment firm focused on providing capital and resources to middle... Read Story
August 05, 2020, 07:20 AM


Wintrust Specialty Finance (WSF), a division of Beverly Bank & Trust Company, N.A., completed a successful second quarter and first half of 2020 by gaining market share with equipment vendor partners and supporting independent lessors’ liquidity... Read Story
August 04, 2020, 07:28 AM


LTi Technology Solutions, a provider in equipment finance software, announced that Peapack Capital is propelling its digital transformation with technology on the ASPIRE platform. By using ASPIRE in the LTiCloud, Peapack Capital has shifted its... Read Story
August 04, 2020, 07:17 AM


IDS, a provider of asset finance technology, announced it exited second quarter with the addition of three new customers, including two of the world’s largest technology providers and a top 25 U.S bank to the IDScloud platform. This comes as the... Read Story
August 04, 2020, 07:15 AM


Alfa, provider of Alfa Systems, the software platform that powers some of America's biggest names in automotive finance, has announced a new, preconfigured edition of its software solution - built exclusively for auto finance in the U.S.Alfa Start... Read Story
August 04, 2020, 07:00 AM


Finance technology provider White Clarke Group has partnered with Wagonex to extend a pay-to-use car subscription strategy to its customer base.Wagonex offers a portfolio of vehicles that are available to customers as a complete package, enabling... Read Story
August 03, 2020, 07:15 AM


Caine & Weiner announced the company has successfully completed the 2020 Service Organizations Control 1 Type 2 Audit (SOC 1 Type 2). This audit was conducted by CompVisory using the control objectives established by The American Institute of... Read Story
August 03, 2020, 07:12 AM


It is with great sadness that we share the news that David Stearns, our Sr. Vice President – Industrial Equipment Division at ENGS Commercial Finance Co. (“ENGS), passed away as the result of a terrible motorcycle accident on Saturday, July 25. David... Read Story
July 31, 2020, 07:10 AM


CIT Group (CIT) has donated meals to Mission 22, an organization supporting the veteran community through treatment programs, memorials and community social impact. This donation will feed up to 25 veteran families for one month through Mission 22's... Read Story
July 31, 2020, 07:00 AM


LeaseAccelerator announced the addition of EZLease, an automated lease calculator for rapid, low-cost compliance.  EZLease is the only lease accounting software on the market today that supports the requirements of lessees and lessors for all... Read Story
July 30, 2020, 07:10 AM


As a result of the stay-at-home orders issued nationally over the past few months, many companies required employees to work remotely when the COVID-19 crisis first began and today many employees are continuing to work remotely. To gain insight into... Read Story
July 30, 2020, 07:00 AM


Enova International and OnDeck®, announced that they have entered into a definitive agreement under which Enova will acquire all outstanding shares of OnDeck in a cash and stock transaction valued at approximately $90 million. The implied price of $1... Read Story
July 29, 2020, 07:20 AM


World Finance has successfully implemented White Clarke Group’s CALMS Loan Origination Software (LOS) to maximize the efficiency of its operations. The partnership delivers sophisticated underwriting and funding functionality to World Finance’s... Read Story
July 29, 2020, 07:00 AM


Fitch Ratings' review of nearly 180 global non-bank financial institutions (NBFIs) since March in response to the coronavirus pandemic found balance-sheet intensive business models face greater pressure in 2020 than more balance-sheet light... Read Story
July 28, 2020, 07:05 AM


Northteq, a leader in delivering Fintech solutions for the commercial lending industry, and Middesk, developers of the new standard in business identity, have partnered to bring SOS Automation to Salesforce.com with their newly launched Business... Read Story
July 28, 2020, 07:02 AM


Wolters Kluwer Lien Solutions has launched iLien for Main Street – a technology solution devoted to helping U.S. lenders optimize their due diligence and lien management efforts when securing loans for small and medium-sized businesses under the Main... Read Story
July 27, 2020, 07:11 AM


Balboa Capital surveyed business owners to find out how many companies switched to remote work models due to the COVID-19 pandemic, and to see how effective the results have been. The survey, which was sent to a sample of small business owners in a... Read Story
July 27, 2020, 07:10 AM


Ascentium Capital LLC announced second-quarter funding volume of $255.0 million, with year-to-date funding volume of $620.5 million. This enabled the company to achieve a new portfolio milestone, reaching $2.5 billion in managed assets.“Ascentium’s... Read Story
July 22, 2020, 07:28 AM


Hilco Global has issued a timely report on the impact of diminished import/export volume on the chassis segment of the intermodal industry, how providers and end-users have responded during the current crisis, and the likely path forward for industry... Read Story
July 21, 2020, 07:05 AM


EY announced a strategic alliance with LeaseAccelerator and Ernst & Young LLP (EY US) to provide a transformational lease accounting and contract management service offering for organizations of all sizes. The alliance will also be activated in... Read Story
July 17, 2020, 07:22 AM


Fortune and Great Place to Work named First American Equipment Finance No. 2 among the Best Workplaces in New York. “My colleagues are amazing. I am proud to work with such a talented group of professionals who are enthusiastic, hard-working and... Read Story
July 17, 2020, 07:12 AM


Susan Carol Creative in conjunction with the Association for Governmental Leasing and Finance (AGLF) plans to offer a webinar about webinars—to provide best practices in bringing people together virtually for business purposes. The program, titled... Read Story
July 17, 2020, 07:00 AM


Travelers Financial Group announced the launch of Travelers Restructuring Capital (TRC), a transitional capital initiative designed to support small and mid-market businesses that operate in asset-intensive industries.TRC is a member of the Travelers... Read Story
July 16, 2020, 07:15 AM


Business leaders have largely embraced the rapid introduction of home working and digital processes as an inevitable necessity. Though the global lockdown has rapidly accelerated trends in digitalization, seeing many asset finance businesses moving... Read Story
July 16, 2020, 07:14 AM


Fleet Advantage, an innovator in truck fleet business analytics, equipment financing and lifecycle cost management, has been awarded by Food Logistics Magazine as a Top Green Provider for 2020.  The award recognizes the company as a leader in the... Read Story
July 16, 2020, 07:05 AM


CHB has implemented DecisionComplete, a credit origination solution provided by Dominion Leasing Software, which will create internal efficiencies, provide an improved product and better serve clients.It was designed for seamless credit application... Read Story
July 15, 2020, 07:15 AM


LTi Technology Solutions (LTi), a provider of equipment finance software solutions, announced that Meridian Equipment Finance LLC (MEF) has selected the ASPIRE platform to provide complete front- and back-end management of their equipment finance... Read Story
July 14, 2020, 07:20 AM


Maxim Commercial Capital reported it funded hard asset-secured financings for small and mid-sized businesses (SMBs) in 30 states across the United States during the second quarter. After pivoting quickly in March to safer-at-home working conditions... Read Story
July 14, 2020, 07:10 AM


The NFIB Research Center released a survey updating the state of small business and financial assistance programs, including the Paycheck Protection Program (PPP) and the Economic Injury Disaster Loan program (EIDL).“Small businesses have been using... Read Story
July 13, 2020, 07:15 AM


Rocky Mountain Institute (RMI), a global clean energy nonprofit, announced the launch of the Center for Climate-Aligned Finance in collaboration with Wells Fargo, Goldman Sachs, Bank of America and JPMorgan Chase — four of the world’s largest... Read Story
July 13, 2020, 07:10 AM


Following an April industry-leading commitment to donate all gross processing fees from the Paycheck Protection Program, Wells Fargo unveiled the details of an approximately $400 million effort to help small businesses impacted by the ongoing... Read Story
July 10, 2020, 07:20 AM


Selling Power Magazine has identified First American Equipment Finance as No. 29 among the best companies to sell for the United States. The ranking includes companies of all sizes, with sales teams ranging from fewer than 100 salespeople to sales... Read Story
July 10, 2020, 07:15 AM


Following the spin-off of its Salesforce.com products division on July 1, Tamarack Consulting, Inc. has announced its new leadership team that will support the company’s refocused business strategy centered around investment in digital technologies... Read Story
July 09, 2020, 07:25 AM


Amid an unprecedented global pandemic and disruptions to the economy, 53 percent of business leaders expect their companies to return to normal in the next 12 months, according to JPMorgan Chase’s Business Leaders Outlook Pulse Survey. The majority... Read Story
July 09, 2020, 07:20 AM


IDS, a leading provider of asset finance and origination technology, announced that IDScloud has marked its two-year anniversary with 21 customers, representing more than $25 billion of net asset value (NAV) contracted to the service. The IDScloud... Read Story
July 08, 2020, 07:25 AM


Due to the increasing number of cyberattacks, BNP Paribas Leasing Solutions and Generali decided to come together and offer BNP Paribas Leasing Solutions’ clients an insurance and related services solution enabling them to protect themselves against... Read Story
July 07, 2020, 07:10 AM


Onset Financial Founder and CEO Justin Nielsen was recognized as a CEO of the Year by Utah Business Magazine. At an awards lunch held at The Grand America in Salt Lake City, the program focused on the attributes of innovative CEOs and how “great... Read Story
July 06, 2020, 07:15 AM


LeaseAccelerator announced a partnership with NTrust, the global industry leader in developing technology-enabled services for the corporate real estate (CRE) industry. This partnership supports the delivery of Global Lease Services (GLS), an... Read Story
July 02, 2020, 07:15 AM


Tamarack Consulting, Inc, a leader in providing independent software solutions in the equipment finance and commercial lending industry, has announced the spin-off of its Origination Systems/Salesforce.com products division to Northteq, Inc.   As a... Read Story
July 01, 2020, 07:25 AM


LTi Technology Solutions (LTi), a provider in equipment finance software, announced that North American Banking Company (NABCO) is live with ASPIRE on the LTiCloud. As a well-established bank, NABCO was looking to grow its leasing division and needed... Read Story
June 30, 2020, 07:15 AM


According to new research from Paychex, Inc., 90 percent of business owners say the Paycheck Protection Program Flexibility Act’s provision extending the forgiveness period from eight to 24 weeks will be impactful to their business, and 82 percent... Read Story
June 29, 2020, 07:15 AM


The disruption caused by the COVID-19 pandemic caused many bank-owned and independent equipment finance companies to implement new business development, credit underwriting and operations procedures resulting from work-at-home orders. As the country... Read Story
June 26, 2020, 07:20 AM


Geneva Capital has been named to the Star Tribune’s list of National Standard Top Workplaces based on employee surveys. Star Tribune’s Top Workplaces recognizes the most progressive companies in Minnesota based on employee opinions measuring... Read Story
June 26, 2020, 07:00 AM


Baystone Government Finance announced its completion of $3.35 million financing for the City of New York. Assistant Vice President Christina Ummel said the funds will be used to pay for 19 ambulances pressed into service at the height of the City’s... Read Story
June 25, 2020, 07:20 AM


LTi Technology Solutions (LTi), a leading provider in equipment finance software solutions, announced that Peter Haug, ASPIRE Product Manager for LTi, is a recipient of this year’s “NextGen Leader Award” from the Monitor Daily.Haug holds... Read Story
June 25, 2020, 07:17 AM


Chesswood Group Limited, a North American commercial equipment finance provider for small and medium-sized businesses, provided an update on the effects of COVID-19 on its business and banking activities.What has been the extent of COVID-19 Related... Read Story
June 23, 2020, 07:30 AM


Insight Financial Services (IFS), a division of Insight Investments, LLC, announced it has again achieved successful completion of the Service Organization Control (SOC) 1 Type 2 Audit. This achievement marks IFS’ fifth consecutive recertification of... Read Story
June 23, 2020, 07:05 AM


FORT Capital Resources and Rickly Hydro have created a model to efficiently implement small hydro projects while producing a healthy rate of return – and it continues to improve and scale.With a 100-year history and established legacy in the hydro... Read Story
June 22, 2020, 07:15 AM


A new global business survey commissioned by Xerox Holdings Corporation shows an estimated 82 percent of the workforce in respondents’ organizations will have returned to the workplace in 12-18 months’ time, on average. In preparation for a return... Read Story
June 22, 2020, 07:00 AM


Amur Equipment Finance, Inc. (AmurEF) announced the successful closing of its eighth term securitization, in which it issued $226.3 million in notes secured by small- and mid-ticket equipment loans and leases. In the last two years, AmurEF has... Read Story
June 19, 2020, 07:25 AM


As businesses have moved beyond the initial crisis management and cost reduction phase from the onset of the COVID-19 pandemic, chief financial officers are now focused on regaining their footing, rebuilding revenue and reshaping their business as... Read Story
June 19, 2020, 07:14 AM


An early consequence of the COVID-19 pandemic was lessees and borrowers requesting payment deferrals on their equipment finance facilities to survive the economic downturn. As we approach the end of the first round of deferrals periods, many lessors... Read Story
June 18, 2020, 07:20 AM


The Equipment Value Forecaster is an innovative solution for the leasing / lending industries, as well as anyone interested in the future value of equipment. The Equipment Value Forecaster by Marshall & Stevens will simplify equipment managers’ jobs... Read Story
June 17, 2020, 07:00 AM


A new update to the International Data Corporation (IDC) Worldwide Digital Transformation Spending Guide shows that spending on the digital transformation (DX) of business practices, products and organizations will continue at a solid pace despite... Read Story
June 16, 2020, 07:10 AM


IEC Electronics Corp.  and M&T Bank on June 4 entered into a master equipment lease for a lease line of up to $10 million in lease value of equipment to the company, IEC reported in a filing with the Securities and Exchange Commission. IEC... Read Story
June 15, 2020, 07:25 AM


Some 56 percent of business executives said their companies had sought relief funds through the Paycheck Protection Program (PPP), a $660 billion initiative under the CARES Act designed to protect small businesses and their employees, a survey by the... Read Story
June 15, 2020, 07:10 AM


Penske Truck Leasing has completed upgrades to its facility in Carson, CA, to safely provide maintenance and repair services for natural gas vehicles. Proper maintenance infrastructure is essential for supporting alternative fuel vehicles.Penske... Read Story
June 15, 2020, 07:00 AM


LTi Technology Solutions, a provider in asset finance software solutions, announced Propel is live with ASPIRE on the LTiCloud. With its passion for driving the business forward and leveraging the latest technology, ASPIRE enables Propel to implement... Read Story
June 11, 2020, 07:17 AM


Reich Bros Structured Finance announced its subsidiary, Reich Bros Business Solutions, LLC, a provider of capital solutions to companies across a wide range of industries, will operate, effective immediately, under the name Align Business Finance.... Read Story
June 11, 2020, 07:00 AM


Key Equipment Finance, a division of KeyBank and one of the largest bank-based equipment finance providers in the U.S., announced it has provided $10 million in equipment financing to Traxys Processing Inc. for its new processing facility in... Read Story
June 10, 2020, 07:25 AM


North Star Leasing Company announced that People's United Bank, N.A, a subsidiary of People's United Financial, Inc., Commercial Banking division has acted as Lead Arranger to provide the company with a four-year, $80 million expandable Senior... Read Story
June 10, 2020, 07:20 AM


The COVID-19 pandemic has significantly impacted the equipment finance industry causing new business originations to slow significantly for many equipment finance companies. Will this trend continue? To gain insight from the equipment finance... Read Story
June 10, 2020, 07:16 AM


Alfa, a provider of software and services to the asset finance industry, has produced a new whitepaper entitled LIBOR Reform: The Impact for Auto and Equipment Finance Providers. The paper can be downloaded from alfasystems.com/libor.LIBOR rates are... Read Story
June 09, 2020, 07:10 AM


In reaction to the June 5 signing of the Paycheck Protection Program Flexibility Act, the American Institute of CPAs (AICPA) encouraged small businesses to apply for Paycheck Protection Program (PPP) funds ahead of the fast-approaching June 30... Read Story
June 09, 2020, 07:00 AM


Equipment Finance Advisor recently completed its second EFA reLaunch Survey, asking readers:“What level will loan delinquency rates likely reach in the second half of 2020?As illustrated in the graphic below, roughly 65% of survey respondent believe... Read Story
June 05, 2020, 07:18 AM


White Clarke Group, in association with the World Leasing Yearbook, announced the release of an annual survey that aims to provide an assessment of the national leasing markets in the U.S., focusing on the period up to mid-2019. Comprised of in-depth... Read Story
June 04, 2020, 07:26 AM


Intel Corp. is expanding its channel relief efforts for partners who need help maintaining their cash flow as they continue to weather the impact of the coronavirus pandemic, according to a report by CRN.Intel confirmed to CRN that the chipmaker is... Read Story
June 03, 2020, 07:28 AM


Tamarack Consulting, a provider of independent software solutions in the equipment finance and commercial lending industry, has brought on Scott A. Nelson, Ph.D. as Chief Digital Officer (CDO). A well-recognized expert in technology strategy and... Read Story
June 03, 2020, 07:23 AM


Fleet Advantage announced its CEO, John Flynn, has been named to the Food Logistics Champions: Rock Stars of the Supply Chain award for 2020.The Food Logistics Champions: Rock Stars of the Supply Chain recognizes influential individuals in the... Read Story
June 03, 2020, 07:00 AM


As the COVID-19 crisis enters new phases around the country, the U.S. economy is continuing to be impacted. Focusing on the economic fallout from this crisis, Equipment Finance Advisor has released its most recent reLaunch Survey question: What do... Read Story
June 02, 2020, 07:20 AM


ECN Capital Corp. announced its wholly owned subsidiary, Triad Financial Services, Inc. has been approved as a qualified mortgage seller and servicer by Freddie Mac (FMCC).  According to the Manufactured Housing Institute, manufactured housing... Read Story
June 02, 2020, 07:00 AM


A survey of trends in U.S. middle-market lending conducted by Carl Marks Advisors found that a significant majority of respondents believe the lending markets will reopen for well-capitalized companies by the end of 2020, but less than a third... Read Story
June 01, 2020, 07:10 AM


Bridge Bank announced it has extended a credit facility to YES Leasing, a financial services company that provides commercial equipment financing to companies and lessees of all credit backgrounds, specializing in helping those with challenging... Read Story
May 29, 2020, 07:20 AM


Since its launch at the end of March, nearly a dozen Monitor 100 companies, including LEAF Commercial Capital, Inc., have taken advantage of speed and simplicity provided by Tamarack Consulting’s Extension-of-Terms Automation Utility (ETAU). To... Read Story
May 29, 2020, 07:07 AM


CIT Group Inc. announced it has won three Stevie American Business Awards for business excellence. The awards include a Gold award for Achievement in Management – Banking, a Silver award for FinTech Solution and a Silver award for Corporate Social... Read Story
May 28, 2020, 07:21 AM


Equipment finance companies are experiencing a rise in lease contract deferrals as their customers request payment relief during the COVID-19 pandemic.JDR Solutions Inc., a portfolio management service provider, handled multiple contract... Read Story
May 26, 2020, 07:25 AM


Equipment Finance Advisor recently completed its first EFA reLaunch Survey, asking readers:“How difficult do you believe it will be to adhere to social distancing and safety guidelines in the workplace?”As illustrated in the graphic below, 75% of... Read Story
May 26, 2020, 07:22 AM


The NFIB Research Center released a survey on the status of the small business loan programs. Among NFIB members, 80 percent applied for a Paycheck Protection Program (PPP) loan and almost 90 percent have received the loan. Most of the loans were... Read Story
May 22, 2020, 07:14 AM


Truist Financial Corporation announced it will commit an additional $25 million philanthropic pledge as part of its Truist Cares initiative, now totaling $50 million. It includes $10 million for small businesses.Truist was formed upon the merger of... Read Story
May 21, 2020, 07:30 AM


Fleet Advantage announced that James Griffin, Chief Operating Officer and Chief Technology Officer, and Brian J. McMahon, Vice President of Strategic Fleet Solutions, achieved their 2020 National Private Truck Council (NPTC) Certified Transportation... Read Story
May 21, 2020, 07:07 AM


Sopra Banking Software announced the go-live of its Cassiopae leasing and lending software at Hyundai Capital America (HCA). Cassiopae, part of the Sopra Financing Platform, is now the servicing engine for HCA’s lending lifecycle. A key milestone in... Read Story
May 20, 2020, 07:13 AM


As U.S. businesses reopen following the long coronavirus-induced shutdown, chief financial officers are coming to terms with a new business environment of lower anticipated revenues and reconfigured workplaces. Yet, companies still face a skeptical... Read Story
May 19, 2020, 07:26 AM


Priority One Financial Services, the recreational industry’s oldest and largest F&I outsourcing provider, recently launched an exclusive partnership with MOTOTV, a customizable in-store television network. Through the partnership, Priority One and... Read Story
May 18, 2020, 07:00 AM


The outbreak of COVID-19 is both benefiting and challenging the U.S. healthcare industry in ways that will continue to evolve in the coming quarters, according to the Global Healthcare team at Mitsubishi UFJ Financial Group (MUFG). The team issued... Read Story
May 15, 2020, 07:21 AM


Hilco Global has issued a timely report regarding the recovery path for transportation industry fleet assets, and how trends the company is tracking throughout this period coupled with its own market intelligence from the past decade can provide... Read Story
May 15, 2020, 07:15 AM


Fleet Advantage announced CEO John Flynn has been included in the Supply & Demand Chain Executive magazine’s list of 2020 Pros to Know in the supply chain industry for the second consecutive year.Supply & Demand Chain Executive magazine is the... Read Story
May 15, 2020, 07:05 AM


Equipment Finance Advisor is pleased to launch its new real-time survey engine: EFA reLaunch Surveys. The COVID-19 pandemic has impacted businesses of all types – including companies serving the equipment finance industry. Designed to provide a... Read Story
May 14, 2020, 07:30 AM


Presidio’s Chairman and CEO Bob Cagnazzi will hold an exclusive online event with Dell Technologies Chairman and CEO Michael Dell on May 12 at 2 p.m. ET. In the Presidio C-Suite Perspective Webinar Series - How Technology Leaders are Responding to... Read Story
May 12, 2020, 07:14 AM


Midcap Financial announced it has completed an equity offering of more than $300 million. This offering is part of a comprehensive strategy to enhance MidCap Financial's financial flexibility to further cement the company's position as a leading... Read Story
May 11, 2020, 07:06 AM


The NFIB Research Center released a survey on the small business loan programs. Small business owners were asked about the Paycheck Protection Program (PPP) and the Economic Injury Disaster Loan (EIDL) programs. The PPP is very popular among small... Read Story
May 08, 2020, 07:10 AM


Corcentric announced a significant minority growth equity investment from New York-based private equity firm, Bregal Sagemount. The $80 million capital raise will support Corcentric’s product innovation and solution integration efforts as the company... Read Story
May 07, 2020, 07:10 AM


Gordon Brothers, the global advisory, restructuring and investment firm, has released an article providing a perspective on the economic impacts of the coronavirus, available here.The coronavirus pandemic and the spread of COVID-19 is bringing the... Read Story
May 06, 2020, 07:05 AM


The fourth release of PwC’s COVID-19 CFO Pulse Survey reveals 77 percent of U.S. chief financial officers (CFOs) anticipate changing workplace safety measures upon returning to on-site work. As employers focus on protecting employees, 65 percent... Read Story
May 04, 2020, 07:14 AM


Every week, Ritchie Bros.' GovPlanet marketplace sells thousands of items from the U.S. Department of Defense, including demilitarized vehicles, uniforms, tents, medical supplies, and more. In mid-March, when a shortage of personal protective... Read Story
April 28, 2020, 07:20 AM


LTi Technology Solutions (LTi), a provider in equipment finance software solutions, announced a partnership with Crossroads Equipment Lease and Finance to implement the ASPIRE platform to support its business. Crossroads is improving commercial truck... Read Story
April 27, 2020, 07:25 AM


Tamarack Consulting announced that LEAF Commercial Capital, Inc. has adopted the company’s Extension-of-Terms Automation Utility (ETAU). As one of the first to implement the contract modification tool, LEAF is positioned to quickly respond to... Read Story
April 24, 2020, 07:20 AM


Ivory Consulting Corporation announced that Key Equipment Finance, a division of KeyBank and one of the largest bank-owned equipment finance providers in the nation, has chosen to bring SuperTRUMP into Salesforce. In migrating its pricing operations... Read Story
April 21, 2020, 07:28 AM


Taking into account the economic impact of the COVID-19 pandemic, Tiger Group’s Valuation Services Division has issued risk assessment guidance for asset-based lenders on a wide range of consumer goods categories.Among the 29 categories analyzed in a... Read Story
April 21, 2020, 07:15 AM


Inovatec Systems Corp., a provider of cloud-based software solutions for financial institutions, announced the results of its latest survey, showing 61 percent of executives who finance equipment reported their organization lacks modern process... Read Story
April 17, 2020, 07:10 AM


Empower Equity (EMPEQ), a service-disabled veteran-led fintech company focused on delivering equipment and project financing for commercial and industrial buildings, has broadened its portfolio with over $2 billion in available funding.With this fund... Read Story
April 16, 2020, 07:15 AM


IDS, a provider of asset finance and origination technology, and Motus, a provider of reimbursement solutions for businesses with mobile-enabled workforces, have teamed up to provide the equipment and asset finance industry with access to data and... Read Story
April 16, 2020, 07:10 AM


A Midwest-based bank with a focus on the needs of businesses has partnered with White Clarke Group to use its CALMS Compass floorplan finance software in launching a new finance option, expanding the products and services they can offer to the market... Read Story
April 16, 2020, 07:05 AM


The NFIB Research Center released the following data on the small business loan programs: The severity of economic disruptions in the small business sector is quickly increasing the immediate demand for financial assistance among small business... Read Story
April 14, 2020, 07:00 AM


Hewlett Packard Enterprise announced HPE Financial Services (HPEFS) is designating more than $2 billion in financing specifically to help customers with their financial challenges stemming from the COVID-19 crisis, including cash-flow or liquidity... Read Story
April 10, 2020, 07:24 AM


Lenovo, one of the world’s largest PC manufacturers, launched a "Partner Stimulus Package" to its channel partners in North America. The initiative was introduced in response to the uncertain economic conditions evolving globally as a result of the... Read Story
April 10, 2020, 07:21 AM


Balboa Capital announced its latest survey that analyzes the current impact of the novel coronavirus (COVID-19) outbreak on small businesses in the United States. The survey reveals that 88 percent of small businesses are being impacted by the... Read Story
April 10, 2020, 07:20 AM


Verdant Commercial Capital and Energetic Insurance announced EneRate Credit Cover has been applied to a transaction that utilized a sale leaseback tax equity investment structure, marking the first time the EneRate Credit Cover policy had been used... Read Story
April 10, 2020, 07:00 AM


U.S. health officials say Americans should wear masks in public to combat the coronavirus. Financial support by CIT Group Inc. is helping two California apparel makers create masks that protect with style.Sanctuary Clothing and Karen Kane, both Los... Read Story
April 08, 2020, 07:25 AM


The Association of Machinery and Equipment Appraisers (AMEA), American Society of Appraisers (ASA), Equipment Appraisers Association of North America (EAANA) and the Equipment Leasing and Finance Association (ELFA) have partnered to jointly host a... Read Story
April 06, 2020, 07:30 AM


Fortune magazine named First American Equipment Finance No. 2 among the Best Workplaces in Financial Services & Insurance (Small/Medium). “Even in challenging times, First American colleagues create a work environment where new ideas are celebrated... Read Story
March 27, 2020, 07:20 AM


EquipmentWatch, the world leader in data, software and insights for the heavy equipment industry, has announced the winners of the 2020 Highest Retained Value Awards (HRVA) and the 2020 Lowest Cost of Ownership Awards (LCO).Manufacturers taking home... Read Story
March 23, 2020, 07:05 AM


ECN Capital Corp. announced its’ operating subsidiary, Service Finance, has renewed its largest bank funding commitment. Over the next 12 months, this bank partner is committed to purchasing up to $600 million in Service Finance prime and super prime... Read Story
March 20, 2020, 07:10 AM


IDS, a leading provider of asset finance and origination technology, announced that SilverChef, a leading innovator in equipment financing for the hospitality industry, has selected IDScloud portfolio management solution to support their growing... Read Story
March 19, 2020, 07:20 AM


Hampshire Trust Bank’s (HTB) specialist business finance division announces it is in live production with Alfa Systems, the asset finance software platform provided by Alfa.This important go-live follows a rapid implementation of a preconfigured... Read Story
March 19, 2020, 07:05 AM


Finitive, a private credit platform providing institutional investors with direct access to alternative lending investments, announced it has closed a warehouse credit line with funding capacity up to $100 million for a U.S.-based equipment leasing... Read Story
March 18, 2020, 07:18 AM


As millions of Americans shift to a work-from-home environment, First American Equipment Finance is sharing best practices its 265 colleagues have learned while collaborating with clients and colleagues via video. First American has long been a... Read Story
March 18, 2020, 07:05 AM


FinTech Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies and products in the global FinTech market, announced QuickFi, a new mobile business lending platform from Innovation Finance USA LLC... Read Story
March 13, 2020, 07:25 AM


NFS Leasing, Inc. and Starlite Media LLC announced they have partnered to fund two new credit facilities. NFS Leasing specializes in complex equipment financing deals and had previously provided financing to Starlite in 2018. Starlite Media will now... Read Story
March 11, 2020, 07:12 AM


Finance technology company White Clarke Group announced an integration partnership with automated SMS software company Solutions by Text as part of their efforts to provide fast, convenient means of regular communication between lenders, dealerships... Read Story
March 11, 2020, 07:10 AM


AP Equipment Financing has closed a $110 million line of credit with the Lender Finance division of Wells Fargo Commercial Capital.“We are very pleased to be working with Wells Fargo. This is an important step in continuing to expand the activities... Read Story
March 10, 2020, 07:28 AM


36th Street Capital announced it increased its expandable senior secured revolving credit facility to $170 million in addition to amending terms to a new five-year facility.San Francisco, CA-based Wells Fargo Bank has joined the syndicate with an... Read Story
March 09, 2020, 07:25 AM


GreatAmerica Financial Services Corporation announced it has submitted an application with the Federal Deposit Insurance Corporation (FDIC) and the Utah Department of Financial Institutions (UDFI) to establish GreatAmerica Bank, an industrial bank to... Read Story
March 06, 2020, 07:25 AM


IDS, a leading provider of asset finance and origination technology, announced Stonebriar Commercial Finance (SCF) is now live on IDScloud supporting its growing portfolio which stands at over $2.7 billion in net asset value. IDScloud provides the... Read Story
March 03, 2020, 07:26 AM


What will be the impact of Coronavirus on the U.S. economy and Bernie Sander’s social democracy future? Industry veteran Bob Rinaldi has added to his Leasing Avenues blog a timely video interview with Peter Zeihan, the authority on all things... Read Story
March 03, 2020, 07:20 AM


The 41st Global Leasing Report, released by White Clarke Group in association with the World Leasing Yearbook, is the definitive guide to the world’s top 50 leasing markets. The report provides a leading analysis of country trading environments and... Read Story
March 02, 2020, 07:17 AM


Wells Fargo & Company announced it has entered into agreements with the U.S. Department of Justice (DOJ) and the U.S. Securities and Exchange Commission (SEC) to resolve these agencies’ investigations into the company’s historical Community Bank... Read Story
February 24, 2020, 07:25 AM


Fifth Third Bank, National Association, announced it is partnering with Fundation to make it easier for small business owners to apply for loans and lines of credit. The bank announced Fifth Third Fast Capital will offer a simple application and, in... Read Story
February 24, 2020, 07:20 AM


Wolters Kluwer’s Lien Solutions business has won four major accolades from Finance Monthly magazine. The awards, all decided by an independent editorial panel, recognize the company’s leadership, as well as its leading technology solutions. Raja... Read Story
February 21, 2020, 07:00 AM


Trinity Capital Inc., a specialty lending company that provides debt and equipment lease financing to growth stage companies backed by technology banks, venture capital and private equity firms, announced that effective Jan. 16, 2020, it became a... Read Story
February 20, 2020, 07:08 AM


Kawasaki Motors Finance Corporation (KMFC) has announced its selection of White Clarke Group’s CALMS Compass floorplan finance software. KMFC provides inventory financing services to the independent retail dealer network of Kawasaki Motors Corp., U.S... Read Story
February 12, 2020, 07:10 AM


Trinity Capital Inc., a specialty lending company that provides debt and equipment lease financing to growth stage companies backed by technology banks, venture capital and private equity firms, announced the closing of $250 million, in aggregate, of... Read Story
February 07, 2020, 07:15 AM


LeaseAccelerator announced the results of a research study on the use of lease accounting centers of excellence by public companies that have adopted ASC 842. Over 100 finance and accounting professionals from U.S.-based publicly traded companies... Read Story
February 07, 2020, 07:10 AM


The Alta Group has released its report, 2020 Predictions for Equipment Finance.“This year will prove pivotal in the next chapter of the U.S. economy. Financial pressures are increasing. Europe, Latin America and other regions are experiencing their... Read Story
February 06, 2020, 07:20 AM


With great sadness, Hitachi Capital Canada (CLE Capital Inc.) announced that Gary Batchelor, Senior Vice-President, Strategy and Business Development, Equipment Finance, passed away unexpectedly on January 29.The entire Hitachi Capital Canada team is... Read Story
February 03, 2020, 07:10 AM


Middle market chief financial officers are facing widespread shifts—from trade wars to digital disruption—but they aren’t backing down from the challenge. According to BDO’s 2020 Middle Market CFO Outlook Survey, 56 percent of middle market CFOs... Read Story
January 31, 2020, 07:20 AM


Eight ex-Wells Fargo & Co. executives are facing a record $59 million in fines and the bank’s former CEO received a ban from the industry as regulators took unprecedented steps in holding individuals to account for corporate scandals, Bloomberg... Read Story
January 24, 2020, 07:30 AM


Penske Truck Leasing celebrated the opening of a state-of-the-art facility in DeForest, WI. Penske in DeForest will offer customers consumer and commercial truck rental in addition to full-service truck leasing and contract truck fleet... Read Story
January 23, 2020, 07:05 AM


Visual Lease, a cloud-based lease management and accounting software provider, received a growth investment from Spectrum Equity, a growth equity firm investing in the information economy. The investment will fuel Visual Lease’s rapid expansion of... Read Story
January 21, 2020, 07:05 AM


Commercial debt sales by fintech lenders, equipment leasing companies and banks are on the rise, with major companies striking deals to sell non-performing loans, leases and merchant cash advances after charge-off, reports Brett Boehm, CEO of TBF... Read Story
January 14, 2020, 07:20 AM


LTi Technology Solutions announced JDR Solutions has strategically partnered with LTi to offer servicing to its customers on the ASPIRE platform. JDR represents more than $8 billion in assets while offering portfolio management, consulting... Read Story
January 13, 2020, 07:25 AM


Fleet Advantage announced it was named by Food Logistics as a Top 100 Software and Technology provider in 2019 for the sixth straight year. The annual FL100+ Top Software and Technology Providers list serves as a resource guide of software and... Read Story
January 13, 2020, 07:11 AM


It is with sorrow that the Alta Group mourns the passing of its friend and an industry icon, John H. Giddens, but also with profound gratitude that they are able to have known such a remarkable person.In 1992 he joined leasing industry executives... Read Story
January 08, 2020, 07:28 AM


Fleet Advantage announced that Brett Wilkie, Senior Director of Fleet Services, and Tony Thompson, Director of Fleet Services, earned their Vehicle Maintenance Reporting Standards (VMRS) Specialist Certification from the American Trucking... Read Story
January 08, 2020, 06:50 AM


Bobcat Company has grown at a legendary rate since its founding in 1947, and its dealer network has grown along with it. Today, the manufacturer boasts the world's most extensive compact construction equipment dealer network, comprising roughly 1,000... Read Story
December 30, 2019, 07:10 AM


The founders of Platforms and Ladders, a website that specializes in high-quality customizable ladders and platforms including fixed and rolling ladders, announced the company is experiencing sustained and rapid growth. Since opening in 2014, the... Read Story
December 27, 2019, 07:11 AM


HomeTrust Bancshares, Inc., the holding company of HomeTrust Bank, announced the sale of approximately $160 million of one-to-four family loans previously reported as held for sale as of Sept. 30. This sale generated a gain of approximately $1.3... Read Story
December 27, 2019, 07:00 AM


Ritchie Bros. is consolidating its two, industry-leading inspection service organizations — IronPlanet and Asset Appraisal Services— to formally launch Ritchie Bros. Inspection Services, available to customers as part of its Ritchie Bros. Asset... Read Story
December 18, 2019, 07:00 AM


Volvo Financial Services has invested in REIN, a leading insurtech startup, to deploy the next generation of connected insurance services to the commercial transport industry. VFS Innovation Ventures, a newly formed entity within VFS, has joined the... Read Story
December 17, 2019, 07:31 AM


White Clarke Group announced its CALMS platform has again earned both the Best Point-of-Sale (POS) and Best Back-Office Innovation Awards at the International Asset Finance Network (IAFN) conference,Asset Finance International is one of the leading... Read Story
December 17, 2019, 07:10 AM


Balboa Capital conducted its annual Section 179 tax deduction survey to assess small business owners’ knowledge and usage of this Internal Revenue Code. The survey results reveal that a substantial majority of small business owners, 83 percent, plan... Read Story
December 12, 2019, 07:15 AM


Fleet Advantage announced it has been selected as a 2019 Green Supply Chain Award recipient by Supply & Demand Chain Executive magazine.Fleet Advantage was selected for its turn-key asset management solution and its proprietary ATLAAS software... Read Story
December 12, 2019, 07:00 AM


North Mill Equipment Finance announced the closing of its third commercial equipment asset-backed securitization (ABS), NMEF Funding 2019-A. The $164 million ABS issuance priced at a duration weighted average yield of 3.15 percent. The proceeds will... Read Story
December 10, 2019, 07:22 AM


IDS, a provider of asset finance and origination technology, announced that Sharp Imaging and Information Company of America (SIICA), a division of Sharp Electronics Corporation (SEC) has selected IDScloud to provide full back-office portfolio... Read Story
December 03, 2019, 07:15 AM


DLL, a global vendor finance company, received the 2019 Vendor Finance Provider Award from Leasing Life, one of the top leasing industry journals in Europe, during the 15th Leasing Life Conference & Awards in Barcelona, Spain.For its 15th edition... Read Story
December 03, 2019, 07:11 AM


NationaLease, one of the largest full-service truck leasing organizations in North America, hosted its Canadian Leadership Summit at the Westin Chicago River North in Chicago. This annual gathering is designed to help the organization’s Canadian... Read Story
November 26, 2019, 07:10 AM


Eastern Funding, LLC, a financial lender to small and medium sized businesses, hosted its inaugural Women’s Business Leadership Conference this month in New York City. The event, with a theme of Empowered Leadership, brought together women academics... Read Story
November 26, 2019, 07:00 AM


The 2020 sector and Ratings Outlooks for North American finance and leasing companies (FLCs) are stable, according to Fitch Ratings. The solid, albeit slowing, macroeconomic environment is expected to result in consistent credit loss performance and... Read Story
November 22, 2019, 07:25 AM


Alliance Funding Group (AFG), in collaboration with a prime contractor and AFG's investor, completed funding of an approximate $4.8 million multi-function device refresh for a major U.S.-based military installation. The federal financing helped the... Read Story
November 21, 2019, 07:25 AM


CIT Group Inc. announced the start of the second annual One Million Meals campaign in partnership with Feeding America to fight hunger this holiday season. Customers, employees and social media followers are invited to join in donating One Million... Read Story
November 21, 2019, 07:05 AM


A new textbook on lease accounting by industry authority Shawn Halladay, Managing Director of the Professional Development Practice, The Alta Group, is now available.“Accounting for Leases: Embracing the New Paradigm” provides valuable guidance to... Read Story
November 20, 2019, 07:06 AM


Moritt Hock & Hamroff LLP (MH&H) announced a new resource for companies in the secured lending and equipment finance industries. The firm’s Secured Lending, Equipment & Transportation Finance practice area has created a blog featuring posts that... Read Story
November 20, 2019, 07:05 AM


Small business executives reveal their top priorities for investment and growth in a new survey conducted by The Harris Poll and sponsored by CIT Group Inc. that explores the intersection of technology and talent in driving business success. More... Read Story
November 19, 2019, 07:00 AM


Citizens Bank announced it has provided a $214 million revolving line of credit for Norwalk, CT-based Nations Fund I, a wholly owned subsidiary of NEF Holdings, LLC. Citizens acted as Left Lead Bank and Joint Lead Arranger. Nations Equipment Finance... Read Story
November 14, 2019, 07:20 AM


Computer hardware and software upgrades are topping the list of investments planned by middle market companies, which regard technology as a key driver of their growth, according to a new survey conducted by The Harris Poll for CIT Group Inc.Middle... Read Story
November 13, 2019, 07:20 AM


Bridgewater Bank, a Twin Cities, MN, bank focused on meeting the needs of successful individuals and entrepreneurs, announced its new division, Bridgewater Equipment Finance.Bridgewater Equipment Finance will provide a variety of financing solutions... Read Story
November 12, 2019, 07:25 AM


Stonebriar Commercial Finance announced it has closed its sixth commercial equipment asset-backed securitization (ABS), SCFET 2019-2, a $685 million ABS issuance with top tranches rated triple A.SCFET 2019-2 is secured by a portfolio of commercial... Read Story
November 11, 2019, 07:30 AM


LeaseQuery announced Goldman Sachs’ Merchant Banking Division has invested $40 million in the company through Series A funding.The Atlanta-based LeaseQuery is on track for another record year of growth in 2019, after achieving 708 percent... Read Story
November 11, 2019, 07:10 AM


IDS, a leading provider of asset finance and origination technology, announced nine of its team members have successfully completed the required coursework and passed the certification testing to receive their Certified Lease & Finance Professional... Read Story
November 07, 2019, 07:15 AM


Wingspire Capital Holdings announced its official launch as an independent diversified direct lender focused on providing asset-based loans (ABL) and related senior secured loans to U.S.-based middle market borrowers.Based in Atlanta, Wingspire... Read Story
November 06, 2019, 07:25 AM


The Chris Walker Education Fund Committee, in conjunction with the National Equipment Finance Association (NEFA), are celebrating another successful fundraiser held during the recent NEFA Funding Symposium conference in Atlanta, GA. Sponsors and... Read Story
November 06, 2019, 07:00 AM


BNP Paribas Leasing Solutions and 3stepIT has officially launched commercial operations of their new Joint-Venture BNP Paribas 3 Step IT. This new entity offers a complete and more sustainable way to manage technology lifecycles. It delivers a... Read Story
November 05, 2019, 07:25 AM


GoDaddy Inc. announced its strategic partnership with Kabbage, Inc., a data and technology company providing small businesses cash flow solutions. Kabbage's online lending platform is now available to GoDaddy's U.S. customers so they can easily... Read Story
November 05, 2019, 07:22 AM


CIFA, a manufacturer of concrete-working machinery and equipment, with Zoomlion Capital, its captive finance company, launched a new range of financial services aimed at increasing its market presence in Europe. This new offering, developed in... Read Story
November 01, 2019, 07:15 AM


DLL will expand its offerings into the recreation and leisure lifestyle market in North America. This will include motorsport, marine, recreational vehicles and manufactured homes. DLL will provide floor planning lines of credit for... Read Story
October 30, 2019, 07:30 AM


Innovation Finance is set to turn the $1 trillion U.S. business equipment loan industry upside down – by at last bringing efficiency and transparency to a process that has for too long not served the needs of American businesses who must rely on... Read Story
October 29, 2019, 07:22 AM


LTi Technology Solutions (LTi) is excited to announce that Key Equipment Finance (KEF), one of the nation’s largest bank-held finance companies and an affiliate of KeyCorp, is now live on the ASPIRE platform.In choosing LTi and its ASPIRE software... Read Story
October 28, 2019, 07:25 AM


Ascentium Capital issued a $398 million small ticket equipment securitization, representing the Company’s twelfth and largest offering since 2012. Ascentium Equipment Receivables 2019-2 Trust features AAA and Aaa ratings from Standard & Poor's and... Read Story
October 24, 2019, 07:30 AM


A Capital One survey conducted at ABS East 2019, a conference convening professionals from across the asset-backed securities (ABS) industry, found more than one-third (38 percent) of professionals plan to engage with new financial partners and... Read Story
October 24, 2019, 07:12 AM


Alfa, industry thought leader and developer of the Alfa Systems software platform for equipment and auto finance, has published a new position paper on artificial intelligence in the industry.Balancing Risk and Reward: AI in Equipment and Auto... Read Story
October 24, 2019, 07:08 AM


Atlantic Union Bank announced a new division of the Bank called Atlantic Union Equipment Finance.Atlantic Union Equipment Finance will provide a wide variety of equipment finance solutions to commercial and corporate customers. This includes... Read Story
October 23, 2019, 07:30 AM


Balboa Capital announced it has successfully completed a $409 million asset-backed securitization (ABS) of small and mid-ticket equipment loans and leases, its sixth and largest transaction to date. Credit Suisse Securities (USA) LLC and SunTrust... Read Story
October 23, 2019, 07:20 AM


North Mill Equipment Finance (“North Mill”)announce it will host a live 45-minute webinar on how referral agents can benefit from the top ten policy and product enhancements implemented at the company.Scheduled on two different dates to accommodate... Read Story
October 23, 2019, 06:54 AM


DLL announced the closing of a DLL 2019-3 ABS (Asset Backed Securities) securitization transaction in the United States for $1.241 billion. The transaction is an inaugural securitization backed by a pool of loans and leases secured by construction... Read Story
October 22, 2019, 07:31 AM


Innovation Finance USA LLC, a commercial equipment finance company and inventor of the QuickFi® platform, is proud to announce recognition as a 2019 Best Tech Startup award winner at Tech In Motion's Timmy Awards ceremony in New York City.   The Best... Read Story
October 22, 2019, 07:31 AM


CIT Group announced that its Supply Chain Finance unit, part of its Commercial Services division, is expanding its capabilities to better serve its financing clients. Buyers and suppliers can now optimize their working capital by leveraging Supply... Read Story
October 22, 2019, 07:25 AM


Amur Equipment Finance (AmurEF) announced that three of its equipment finance professionals were recently appointed to positions with leading industry associations. Jacklynn Manning, CLFP, Vice President of Marketing has been elected to serve on the... Read Story
October 22, 2019, 07:05 AM


Bill Mayer, head of Wells Fargo Equipment Finance, has been recognized by the Boston Corporate Finance Community (BCFC), a collaboration of Boston-based companies active in the corporate finance industry, including Wells Fargo.BCFC honored Mayer for... Read Story
October 22, 2019, 07:00 AM


Investors Bancorp announced that its banking subsidiary Investors Bank formed an alliance with ODX, a leading digital small business originations platform and a subsidiary of On Deck Capital, Inc. Investors Bank will deploy ODX's digital loan... Read Story
October 21, 2019, 07:15 AM


Encina Equipment Finance announced that it has provided a $6 million equipment lease line to a leading recycling company. The lease line is being used to fund new equipment purchases.EEF was represented by Reed Smith LLP.Launched in June 2017, Encina... Read Story
October 21, 2019, 07:05 AM


First American Equipment Finance continues to make history as FORTUNE and Great Place to Work® named First American Equipment Finance #11 among the Best Workplaces in the United States.First American has received over 30 top workplace accolades since... Read Story
October 21, 2019, 07:00 AM


Hitachi Capital America has announced its continuing software partnership with White Clarke Group, allowing the ongoing use of the CALMS Compass software solution to manage its floorplan/wholesale finance business.Hitachi Capital America’s... Read Story
October 17, 2019, 07:10 AM


Amur Equipment Finance, Inc. (AmurEF) has been awarded the 2019 Silver Award of Distinction from the Better Business Bureau (BBB) in this year’s Greater Nebraska BBB Integrity Awards competition. This award recognizes AmurEF’s focus on ethical... Read Story
October 16, 2019, 07:05 AM


Deere & Co. is spending billions of dollars a year to buy its own equipment for a leasing program, which boosts sales of new farm tractors and construction machinery but adds financial complexity and weighs on the used-equipment market, the Wall... Read Story
October 14, 2019, 07:30 AM


Michael Keeler, the CEO and founder of LeaseAccelerator, has been named to the Washingtonian Magazine Tech Titans 2019 List as an Entrepreneur Honoree.The annual list published by Washingtonian Magazine identifies the most important and innovative... Read Story
October 14, 2019, 07:03 AM


Chesswood Group Limited announced the closing by its subsidiary Pawnee Leasing Corporation of its first marketed U.S. securitization for Pawnee's prime receivables. Proceeds from the $254 million securitization will be used to pay down Pawnee's... Read Story
October 10, 2019, 07:29 AM


Amembal & Halladay announced the release of their two new publications. The two represent the 17th and 18th publications published by the firm.“Leasing — The Creative Financing Alternative,” by Sudhir Amembal, was written with two objectives in mind.... Read Story
October 09, 2019, 07:05 AM


Industry veteran Bob Rinaldi, President of Bob Rinaldi Advisory Services, added his latest video entry into what he refers to as “self-care” with an educational and interesting video series, featuring Mezcal by agave expert Ricardo Robles Flores... Read Story
October 08, 2019, 07:10 AM


Fleet Advantage announced its Chief Operating Officer and Chief Technology Officer, James Griffin, has been named the 2019 CIO Lifetime Achievement Award recipient by the South Florida Business Journal.The South Florida Business Journal’s CIO... Read Story
October 08, 2019, 07:00 AM


One of the world’s largest banks, HSBC, has embarked on a cost-cutting drive that threatens up to 10,000 jobs, as its new interim Chief Executive Noel Quinn seeks to make his mark on the bank, Financial Times reported.The plan represents the lender’s... Read Story
October 07, 2019, 07:25 AM


LEAF Commercial Capital, Inc., a subsidiary of People’s United Bank, N.A., and People’s United Bank, announced the launch of a new Women in Leadership Chapter (WIL) in Philadelphia, PA, where LEAF is based. This marks People’s United’s 11th Women in... Read Story
September 26, 2019, 07:25 AM


CEOs name climate change the top risk to organizational growth in 2019, ahead of technological disruption, return to territorialism, cyber security and operational risk, according to the findings from KPMG’s 2019 Global CEO Outlook. This marks the... Read Story
September 24, 2019, 07:25 AM


Moody's Investors Service has assigned definitive ratings to the notes issued by HPEFS Equipment Trust 2019-1 (HPEFS 2019-1). This is the first issuance for Hewlett-Packard Financial Services Company (HPEFS), a wholly owned subsidiary of Hewlett... Read Story
September 23, 2019, 07:20 AM


Brett Boehm, CEO of TBF Financial, will discuss ways lenders are selling their commercial debt to maximize return on non-performing accounts, as part of a panel session 9:30 a.m. Sept. 27 at LEND360 in Dallas, TX.“Banks and equipment lessors have... Read Story
September 18, 2019, 07:10 AM


Accord Financial Corp. and Concentra Bank announced the formation of a strategic alliance and a $5 million private placement of convertible unsecured subordinated debentures. The strategic alliance, expected to be formalized by Sept. 30, will allow... Read Story
September 17, 2019, 07:20 AM


Industry veteran Bob Rinaldi, President of Bob Rinaldi Advisory Services, has added a video interview with Arnaldo Rodriquez, of CSI Leasing, to his Leasing Avenues blog.One of the objectives of Leasing Avenues is to bring visitors casual video... Read Story
September 17, 2019, 07:19 AM


Just 26.3 percent of public company executives report their implementation of the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board lease accounting standards is complete, according to a June 2019 Deloitte... Read Story
September 17, 2019, 07:17 AM


Benjamin Verde (BV), formerly an artist management turned artist investment firm, has transformed the Canadian entertainment sector by being the first and only fully private Artist and Entertainment funding solution in Canada. Benjamin Verde's board... Read Story
September 10, 2019, 06:50 AM


Dimension Funding announced a strategic partnership with Catalyst Software Finance, a Canadian-based finance company. This partnership will give expanded financing options to software vendors and purchasers in both Canada and the United States.The... Read Story
September 09, 2019, 07:05 AM


Dimension Funding and Latin Leasing announced a strategic partnership that will affect equipment vendors and purchasers in both Latin American and the United States and provide expanded opportunities for financing.With the availability of financing... Read Story
September 05, 2019, 07:01 AM


National Funding, one of the largest U.S. specialty finance companies serving small- and medium-sized businesses, closed its first asset-backed securitization (ABS) for $120 million. Guggenheim Securities served as sole structuring advisor and sole... Read Story
September 04, 2019, 07:24 AM


New orders for manufactured durable goods in July increased $5 billion or 2.1 percent to $250.4 billion, the U.S. Census Bureau announced. The increase, up two consecutive months, followed a 1.8 percent June increase. Excluding transportation, new... Read Story
September 03, 2019, 07:06 AM


The American Society of Appraisers (ASA) believes the 9th Circuit decision affirming the Tax Court ruling in Kollsman v. Commissioner, in which the Tax Court rejected the unsubstantiated and conflicted valuation provided by a non-appraiser, is... Read Story
September 03, 2019, 07:05 AM


Terese L. Arenth, a partner in the law firm of Moritt Hock & Hamroff LLP, was recently appointed by the American Bar Association (ABA) to serve as Vice-Chair of its Promotion & Marketing Law Committee of the ABA Section of Intellectual Property.At... Read Story
August 28, 2019, 07:00 AM


Channel Partners Capital (Channel), a nationwide leading provider of small business working capital, was ranked No. 961 among the 5,000 fastest-growing private companies in the U.S. by Inc. magazine for the seventh straight year in 2019.“Our... Read Story
August 23, 2019, 07:26 AM


Despite a slowing global economy and the looming trade war between the United States and China, purchases of information and communications technology (ICT) are expected to maintain steady growth over the next five years. A new forecast from... Read Story
August 19, 2019, 07:15 AM


Xtraction Services (XS) announced the launch of its equipment sale-leaseback program, providing existing oil processors the opportunity to unlock additional working capital without any interruptions to production. XS is an equipment leasing and... Read Story
August 15, 2019, 07:20 AM


Stonebriar Commercial Finance, an independent large-ticket commercial finance company, announced it has extended and amended certain terms of its existing $1.0 billion revolving credit facility.   Bank of America, N.A. serves as agent on the Facility... Read Story
August 14, 2019, 07:30 AM


Wells Fargo Commercial Distribution Finance (CDF), a unit of Wells Fargo Commercial Capital, announced the continuation of Polaris Acceptance, a joint venture with Polaris Inc., into 2027. CDF and Polaris began the dealer wholesale financing joint... Read Story
August 14, 2019, 07:15 AM


Glasgow-based motor finance specialist Startline Motor Finance, recently named one of the fastest-growing private companies in Europe, has successfully launched its new Contract Management System (CMS) and Customer Self-serve Portal courtesy of... Read Story
August 14, 2019, 07:05 AM


Together with the National Center for the Middle Market (NCMM), which is housed at The Ohio State University Fisher College of Business, Chubb has published a summary of findings from the Middle Market Indicator (MMI) report. The latest poll was... Read Story
August 09, 2019, 07:11 AM


Aqiok, a managed B2B platform for prestige cosmetics distribution in key global markets, and Anglo-Canadian asset-based lender DND Finance, announced a multi-year agreement to develop a new app to provide well-needed lease financing to cosmetics... Read Story
August 08, 2019, 07:21 AM


Following the initial workshops nine months ago, White Clarke Group has delivered its out-of-the-box CALMS Wholesale Finance solution to V12 Vehicle Finance, enabling it with a greater speed to market as well as meeting the bank’s functional and... Read Story
August 08, 2019, 07:10 AM


Amur Equipment Finance, Inc. (AmurEF) announced the closing of its seventh term securitization, a $269.4 million notes issuance secured by small- and mid-ticket equipment loans and leases. The transaction ranks as AmurEF’s largest issuance to-date... Read Story
August 02, 2019, 07:25 AM


From spreadsheets to the latest floorplan finance software: new technology has transformed service levels and increased customer demand at a Minnesota-based bank.Merchants Bank launched its digital floorplan strategy following a four-month program to... Read Story
August 01, 2019, 07:25 AM


Global vendor finance company DLL announced the closing of DLL 2019-2 ABS (Asset Backed Securities) securitization transaction in the United States for $443 million. The transaction is an inaugural securitization sponsored by Mahindra Finance USA LLC... Read Story
July 31, 2019, 07:25 AM


AloStar Capital Finance successfully agented and closed a $30 million credit facility to BlackRiver Business Capital (doing business as ACG Equipment Finance), an equipment finance company focused on the small-to-mid-ticket market from $10,000 to... Read Story
July 31, 2019, 07:20 AM


DAES Distribution, an aerospace global provider, announced a new strategic partnership with First National Capital, a commercial equipment and aviation finance provider. The partnership leverages the lender advantages of First National Capital and... Read Story
July 31, 2019, 07:20 AM


CIT Group Inc. announced an expansion of its investment management and advisory capabilities that provides increased capacity and flexibility to finance private equity sponsor-owned middle market companies across a diverse range of industry... Read Story
July 23, 2019, 07:30 AM


Chesswood Group Limited announced the closing of a new funding facility with Sun Life Assurance Company of Canada for its subsidiary Pawnee Leasing Corporation. This new facility finances Pawnee's prime originations and provides additional annual... Read Story
July 23, 2019, 07:10 AM


North Mill Equipment Finance LLC, an independent commercial equipment lessor in South Norwalk, CT, announced it has financed year-to-date more than 60 Class 8 vehicles with an exclusive Truckmaster warranty included in the transactions, a bundled... Read Story
July 22, 2019, 07:20 AM


Visual Lease, a cloud-based lease management and accounting software provider, received a growth investment from Spectrum Equity.The investment will fuel Visual Lease's rapid expansion of sales, marketing, product development and engineering to meet... Read Story
July 22, 2019, 07:10 AM


TriGrow Systems announced the launch of TriGrow Capital, a division that will help leading operators finance the growth of their businesses through both capital and technology resources. The new venture aims to solve some of the funding and growth... Read Story
July 19, 2019, 07:30 AM


OnDeck and Upserve, a leading restaurant management platform, announced a partnership to provide Upserve's restaurant customers with online financing options from OnDeck. Over 10,000 restaurants currently use Upserve's restaurant management platform... Read Story
July 17, 2019, 07:21 AM


Balboa Capital announced with great sadness that John (Jack) Hirsh, one of its longest tenured sales and business development managers in its commercial vehicle dealer division, suddenly passed away July 8 in Cincinnati, OH."It is with a heavy heart... Read Story
July 11, 2019, 07:20 AM


Coast Capital Savings, Canada's largest credit union by membership, and OnDeck Canada, announced an innovative partnership aimed at accelerating online lending to Coast Capital small business members. Beginning this month, Coast Capital small... Read Story
July 11, 2019, 07:12 AM


Fortune and Great Place to Work named First American Equipment Finance No. 11 among the 100 Best Workplaces for Millennials. First American’s workforce is approximately 80 percent millennial colleagues. This accolade marks the third time the company... Read Story
July 11, 2019, 07:10 AM


Bob Rinaldi has released interesting new video interviews on each of his website’s blogs. “How Technology Is Changing One of The Oldest Professions” with ALS Resolvion Skip Trace & Repossession Management Services’ CEO, Michael Levison can be found... Read Story
July 09, 2019, 07:00 AM


Financial instruments are a growing presence on company balance sheets, and business executives say more market awareness is needed to prevent another financial crisis, according to a recent survey by the American Institute of CPAs (AICPA).When asked... Read Story
July 08, 2019, 07:20 AM


Kabbage, Inc., a data and technology company offering automated cash flow solutions to small businesses, closed a $200 million revolving credit facility to support its rapid growth providing U.S. small businesses access to flexible, online... Read Story
July 03, 2019, 07:10 AM


The Turnaround Management Association (TMA), the leading nonprofit serving corporate renewal and restructuring professionals, announced the winners of the 2019 Turnaround and Transaction of the Year Awards. TMA will honor these 12 teams at the TMA... Read Story
July 01, 2019, 07:15 AM


For the third year in a row, Stearns Bank has received nationwide recognition for high performance. This month, American Banker magazine and Independent Community Bankers of America (ICBA) both ranked Stearns Bank in their top 10 lists of high... Read Story
July 01, 2019, 07:01 AM


LTi Technology Solutions has partnered with DocuSign, Inc. to help customers process contracts with greater efficiency, accuracy and security. DocuSign allows businesses of any size, in any industry and from any location to conduct business 100... Read Story
June 26, 2019, 07:27 AM


An emerging key trend in the automotive and equipment finance sector is the switch from ownership to usership, with consumers increasingly looking for pay-per-use assets rather than outright ownership.The switch has been most marked among younger... Read Story
June 26, 2019, 07:25 AM


The results of a survey conducted by Balboa Capital showed 65 percent of small business owners obtained a business line of credit from a non-bank lender in the past 12 months. Applicants cited easier application processes and faster funding decisions... Read Story
June 26, 2019, 07:19 AM


IDS announced that Diversified Financial Services has selected IDS InfoLease portfolio management and Rapport origination platform to provide end-to-end management of their asset finance portfolio.A leading provider of leasing and loan solutions to... Read Story
June 25, 2019, 07:15 AM


Priority One Financial Services, Inc., the recreational industry’s oldest and largest F&I outsourcing provider, added Merrick Bank to its electronic signature process called EZ-Sign.    Priority One was the first in the recreational market to use... Read Story
June 24, 2019, 07:15 AM


The Financial Accounting Standards Board (FASB) today took a major step towards approving accounting relief for companies and organizations required to modify contracts as a result of new global reference rates.The board tentatively decided that for... Read Story
June 21, 2019, 07:21 AM


instaCOVER, LLC announced the release of its new Vehicle Protection Program providing specialized insurance for leased and financed commercial vehicles and trailers. The new program uses instaCOVER’s technology to allow lease brokers and funders to... Read Story
June 21, 2019, 07:10 AM


KeyBank has launched the Small Business Wellness Index, which measures the drivers, challenges, payment trends and financing needs of small business owners across the country. Data is drawn from KeyBank's proprietary Small Business Wellness Review, a... Read Story
June 20, 2019, 07:12 AM


Industry veteran Bob Rinaldi, President of Bob Rinaldi Advisory Services, adds to his Leasing Avenues blog where you can find interviews with pioneers of the equipment finance industry as well as those who are trailblazers of today.In the video... Read Story
June 18, 2019, 07:00 AM


With the Financial Accounting Standards Board's new lease accounting standard deadline now past for public companies, the challenge has shifted to private organizations to adopt the requirement by 2020. A Robert Half and Protiviti survey of CFOs at... Read Story
June 14, 2019, 07:30 AM


TCF National Bank (TCF Bank) and TCF Financial Corporation (TCF) announced the formation of TCF Capital Solutions, which brings together the resources of TCF Equipment Finance and Winthrop Resources Corporation to deliver deep lending and leasing... Read Story
June 12, 2019, 07:30 AM


IDS announced increasing demand for its IDScloud solution with the signing and early stage implementation of new clients in the Australian market. Launched in June 2018, IDScloud delivers the company’s market leading full lifecycle asset finance... Read Story
June 11, 2019, 07:12 AM


36th Street Capital Partners, LLC announced it has expanded its three-year, senior secured revolving credit facility to $125 million, an increase of $25 million.Bridgeport, CT-based People’s United Bank has joined the existing syndicate for the... Read Story
June 04, 2019, 07:25 AM


Hitachi, Ltd. and Virtusa Corporation announced a new partnership to capitalize on the rapidly growing adoption of AI in financial services. The agreement to collaborate on these digital solutions was signed in April. As part of the agreement, the... Read Story
June 04, 2019, 07:20 AM


Industry veteran Bob Rinaldi, President of Bob Rinaldi, LLC, has added the latest video entry into what he refers to as “self-care” with an entertaining interview with Michael Giannini of Ventura Cigars to his "Diversions" blog. In the video, Rinaldi... Read Story
June 04, 2019, 07:00 AM


Odessa, a provider of lease accounting software solutions for asset finance, announced it will host the Innovate2019 User Conference from Aug. 12-14 at the Hilton Hotel Penn’s Landing in Philadelphia. Customers, prospects, partners and industry... Read Story
May 30, 2019, 06:59 AM


LEAF Commercial Capital, Inc. (LEAF), a subsidiary of People’s United Bank, N.A., announced SANY Capital USA, Inc. has chosen LEAF as its financing partner.SANY Capital USA is the finance unit of SANY America, Inc., a Peachtree City, Ga.-based leader... Read Story
May 29, 2019, 07:25 AM


BitX Funding and Pelagic Capital are pooling resources to expand their offerings for business financing with combined decades of experience, strong alliances and an exceptional range of lenders. United in their objective to broker the ideal match for... Read Story
May 29, 2019, 07:20 AM


BNP Paribas Leasing Solutions is developing financial solutions to support energy transition. The company is now offering financial solutions for the installation of electric charging stations all over France.The charging stations market is... Read Story
May 28, 2019, 06:59 AM


Ivory Consulting Corporation announced Crestmark’s equipment finance division, a division of MetaBank, will use Ivory’s flagship modeling and pricing product, SuperTRUMP, to structure tax-advantaged equipment financing solutions tailored to the... Read Story
May 21, 2019, 07:15 AM


Determined to bring ISOs new and improved ways to offer leasing to their merchant customers, a team of former leasing executives has created NLS Equipment Finance. The founders say the company will provide ISOs with all the benefits of leasing: ... Read Story
May 20, 2019, 07:25 AM


Bryant Park Capital (BPC), a leading middle market investment bank with a focus in the specialty finance industry, announced NLS Equipment Finance LLC recently closed a $20 million senior secured credit facility with an alternative lender to the... Read Story
May 17, 2019, 07:20 AM


GreatAmerica Financial Services announced the release of Life-Cycle Financing. Working alongside Cisco, this new financing product is designed to help Managed Service Providers (MSP) add service-related options to their hardware sales. Life-Cycle... Read Story
May 16, 2019, 07:00 AM


Chesswood Group Limited, a North American commercial equipment finance provider for small and medium-sized businesses, reported results for the first quarter.The company posted strong metrics in the quarter along with the launch of a new... Read Story
May 15, 2019, 07:15 AM


SANY Capital USA, a subsidiary of SANY Group, recently selected IDS, a provider of asset finance and origination technology, for its IDScloud platform for asset finance. SANY, the fifth largest heavy equipment manufacturer globally, selected IDScloud... Read Story
May 14, 2019, 07:27 AM


The Levy Economics Institute of Bard College has appointed entrepreneur and investor Mostafiz ShahMohammed to its board of governors. ShahMohammed is Chairman and CEO of Amur Equipment Finance and Chairman and cofounder of ShahGustafsson... Read Story
May 14, 2019, 07:25 AM


LeaseAccelerator was named the winner of a Gold Stevie Award in the Company of the Year, Computer Software category at the 17th Annual American Business Awards. More than 3,800 nominations from organizations of all sizes and in virtually every... Read Story
May 10, 2019, 07:10 AM


IDS, a provider of asset finance and origination software, announced North Star Leasing Company (NSL) is live on the 100 percent Software-as-a-Service (SaaS) IDScloud platform. An IDS customer since 1987, NSL becomes the first to migrate its... Read Story
May 09, 2019, 07:25 AM


Heavy Duty Trucking magazine named Gregg Mangione, Senior Vice President of Maintenance at Penske Truck Leasing, a 2019 Truck Fleet Innovator.Penske and Mangione are being recognized for digitizing Penske's truck preventive maintenance processes. In... Read Story
May 08, 2019, 07:05 AM


CIT Group Inc., in partnership with the nonprofit Operation HOPE, introduced the next facet of its Launch and Grow initiative, a 12-week HOPE Inside program aimed at empowering women small business owners in New York City and Los Angeles.   Building... Read Story
May 03, 2019, 07:00 AM


Celadon Group Inc. (Celadon) has agreed to pay total restitution of $42.2 million for filing materially false and misleading statements to investors and falsifying books, records and accounts.Assistant Attorney General Brian A. Benczkowski of the... Read Story
April 26, 2019, 07:30 AM


Ascentium Capital LLC announced the execution of a $375 million small-ticket equipment securitization of Ascentium Equipment Receivables Series 2019-1. Ascentium Capital’s 11th securitization involved 26 unique investors and again received AAA... Read Story
April 24, 2019, 07:23 AM


Invoice2go and Square Capital announced a partnership that gives Invoice2go customers in the United States a fast, seamless way to access the funding they need to grow their business – from right inside their Invoice2go mobile app. This partnership... Read Story
April 22, 2019, 07:15 AM


QuickBridge is providing business owners with a new educational resource. QuickBridge’s “Traditional vs. Alternative Lenders: What to Expect in the Lending Process” white paper details the differences borrowers experience when applying for a loan... Read Story
April 22, 2019, 07:05 AM


The American Society of Appraisers announced its Advanced Topics and Case Studies course to be held on Thursday, April 25-Sunday, April 28 in Chicago, IL.This course will introduce more advanced concepts and techniques than those taught in ME201 and... Read Story
April 22, 2019, 07:00 AM


Industry veteran and thought leader Bob Rinaldi, President of Bob Rinaldi, LLC, announced the return of his popular streaming video interview series of pioneers/legends of the equipment finance industry, previously known as “LeasingAvenues.com.” This... Read Story
April 16, 2019, 07:10 AM


Fleet Advantage announced that Zachary Lawson, Vice President of Strategic Fleet Solutions, and Ezel “CJ” Baltali, Purchasing Manager, achieved their 2019 NPTC Certified Transportation Professional (CTP) recognition.Lawson has over 14 years of... Read Story
April 16, 2019, 07:05 AM


Frederick “Rick” Eugene Wolfert, 64, of Greensboro, GA, passed away peacefully on April 9, 2019 at St. Mary’s Good Samaritan Hospital in Greensboro, GA. Rick had a long and distinguished career in the equipment finance industry. He was an active... Read Story
April 12, 2019, 07:30 AM


RICS and the American Society of Appraisers (ASA) have agreed to work together to ease fragmentation in the valuation industry. This partnership solidifies their commitment to provide clarity around valuation for the public, and enhanced resources... Read Story
April 11, 2019, 07:03 AM


Stonebriar Commercial Finance announced it has closed its fifth commercial equipment asset-backed securitization (ABS), SCFET 2019-1, a $650 million ABS issuance with top tranches rated triple A.SCFET 2019-1 is secured by a portfolio of commercial... Read Story
April 11, 2019, 07:00 AM


A new survey of more than 1,200 small business owners by OnDeck finds 37 percent of those surveyed expect the tax changes in the Federal Tax Cuts and Job Act to have a positive impact on their businesses. Forty-one percent of small businesses expect... Read Story
April 09, 2019, 07:00 AM


OnDeck announced it will offer to fund and debit customer bank accounts with Same Day ACH transfers, eliminating a decades long pain point for small business owners accustomed to the traditional ACH transfer process, which can take multiple days and... Read Story
April 08, 2019, 07:00 AM


It is with great sadness that National Equipment Finance Association announces the passing of Joe Woodley. Joe passed away April 2 after a brief illness. Joe Woodley was a leasing and specialty finance industry veteran and icon who was named as one... Read Story
April 05, 2019, 07:30 AM


Stonebriar Commercial Finance, an independent large-ticket commercial finance company, announced it has allocated all bonds, confirmed pricing and is set to close its fifth commercial equipment asset-backed securitization (ABS), SCFET 2019-1, a $650... Read Story
April 05, 2019, 07:25 AM


Nearly half of public company executives see no slowdown ahead in the time and effort to be spent on compliance with the new lease accounting standards issued by the Financial Accounting Standards Board and the International Accounting Standards... Read Story
April 02, 2019, 07:20 AM


Grants for the 2018 Chris Walker Education Fund (CWEF) have been finalized and awarded. Over $18,000 in total funds were awarded this year with seven grants going to individuals and three grants awarded to institutions, including the Equipment Lease... Read Story
April 02, 2019, 07:19 AM


Kroll Bond Rating Agency (KBRA) assigned preliminary ratings to seven classes of notes from SCF Equipment Leasing 2019-1 LLC and SCF Equipment Leasing Canada 2019 Limited Partnership Equipment Contract Backed Notes, Series 2019-1. The notes are newly... Read Story
March 29, 2019, 07:09 AM


Global vendor finance company DLL announced the closing of its DLL UK Equipment Finance 2019-1 Equipment Lease securitization transaction in the United Kingdom of nearly $400 million. It is the first public ABS transaction issued by DLL in Europe and... Read Story
March 29, 2019, 07:00 AM


Fortune Magazine named First American Equipment Finance No. 1 among the Best Workplaces in Financial Services & Insurance (Small/Medium). “Our company’s success is entirely due to our genuine, talented colleagues,” said Alan Sikora, First American... Read Story
March 28, 2019, 07:00 AM


Dedicated Funding NY (DFNY) announced a newly formed partnership with Dedicated Funding, an equipment finance company that provides quick and simple financing solutions for titled equipment to businesses nationwide.Dedicated Funding NY will provide... Read Story
March 22, 2019, 07:24 AM


Pitney Bowes Inc. announced Wheeler Financial, from Pitney Bowes, a new subsidiary of the Pitney Bowes Bank, Inc. This new subsidiary will help clients purchase new equipment and services critical to the industries in which they operate with loans... Read Story
March 20, 2019, 07:23 AM


Xerox Corp. is exploring a possible "strategic transaction" for its customer financing business. Its financing-related debt amounts to $3.4 billion of Xerox’s total debt of $5.2 billion, as of Dec. 31, 2018. The company said 4 percent of its $7.6... Read Story
March 19, 2019, 07:30 AM


OnDeck announced extensions to its existing credit facilities with Credit Suisse and Deutsche Bank on improved terms. The amended facilities provide an aggregate of $360 million of committed funding capacity and are available to finance OnDeck's term... Read Story
March 13, 2019, 07:21 AM


Atlas World Group Inc., which is composed of a portfolio of companies that delivers transportation and related services globally through a network of agents and select service partners, announced plans to form a new leasing company, AWG Equipment... Read Story
March 12, 2019, 07:30 AM


Funding Circle, a leading small business loans platform in the UK, U.S., Germany and the Netherlands, announced its plans to enter the Canadian market and expand access to fast, affordable and transparent financing for Canadian small... Read Story
March 11, 2019, 07:10 AM


Most equipment leasing and finance executives believe blockchain technology is relevant and offers a competitive advantage, but few have acted on it, according to a new report by Deborah Reuben and The Alta Group. The authors of this report advise... Read Story
March 07, 2019, 07:10 AM


The annual White Clarke Group – Global Leasing Report, which is produced in association with the World Leasing Yearbook, is the definitive guide to the world’s top 50 leasing markets. Marking its 40th anniversary this year, the report is the leading... Read Story
March 06, 2019, 07:07 AM


Aviation Capital Group LLC (ACG), an aircraft operating lessor, announced it has received an additional $200 million investment from its minority shareholder, Tokyo Century Corporation.Tokyo Century has held an investment in ACG since December 2017.... Read Story
March 05, 2019, 07:20 AM


Commercial Credit, Inc. and BDT Capital Partners have closed the equity investment announced earlier this month. The transaction gives BDT a majority equity stake in one of the largest independent commercial finance companies in the United States.... Read Story
March 01, 2019, 07:36 AM


International Capital Equipment, LLC (ICE) announced that it has broken ground on a new facility outside of Memphis, Tennessee. The new facility will be in Mount Pleasant, Mississippi.  After years of feedback from ICE clients and a two-year... Read Story
February 28, 2019, 06:00 AM


Hitachi Capital America Corp. has signed a definitive agreement to purchase the assets of Ohio-based Global Technology Finance, a supply chain financing provider to value added resellers (VARs) in the technology industry.The decision to acquire... Read Story
February 26, 2019, 07:25 AM


Fleet Advantage, a leading innovator in truck fleet business analytics, equipment financing, and lifecycle cost management announced its CEO, John Flynn, has been included in Supply & Demand Chain Executive magazine’s list of 2019 Pros to Know in the... Read Story
February 26, 2019, 07:00 AM


GSG Financial, a leading captive equipment finance company, announced that GSG financed record originations of $117 million in 2018. The growth came from both captive and captive outsourced equipment as GSG expanded its major account program.  With... Read Story
February 25, 2019, 07:25 AM


Willis Lease Finance Corporation (WLFC) and FLYdocs have joined forces to develop a pilot program demonstrating the use of blockchain technology on an open source data sharing platform for aircraft, engine and component records.The two firms are... Read Story
February 22, 2019, 07:01 AM


SQN Capital Management, LLC, the New York- and London-based asset finance fund specialist, confirmed it funded over a quarter-billion dollars of unlevered new business across its investment fund platforms in 2018.During 2018, SQN successfully closed... Read Story
February 20, 2019, 07:00 AM


GreatAmerica Financial Services Corporation completed its 18th term securitization of $612.2 million in privately placed bonds with institutional investors. GreatAmerica uses proceeds from its securitizations to pay off debt in its warehouse and... Read Story
February 19, 2019, 07:25 AM


Hitachi Solutions America, Ltd. has announced Engage for Asset Management and Engage for Private Equity – products re-engineered specifically for Microsoft Dynamics 365. The Engage product line enables financial institutions to quickly customize and... Read Story
February 14, 2019, 07:10 AM


Commercial Credit, Inc., an equipment and accounts receivable finance company and the parent company of Commercial Credit Group Inc. and Commercial Funding Inc., has partnered with BDT Capital Partners, a merchant bank that provides family- and... Read Story
February 12, 2019, 07:25 AM


Flex Fleet Rental, a provider of medium-term truck rentals to commercial customers, announced it has completed a strategic transaction with Waterfall Asset Management's private-equity platform. TRP Capital Partners, a transportation-focused... Read Story
February 12, 2019, 07:15 AM


LeaseAccelerator has developed a testing application called the Lease Accounting Validator that automates the testing of leases under the new ASC 842 and IFRS 16 standards, as well as frozen GAAP. With the initial deadlines passed on Jan. 1, public... Read Story
February 08, 2019, 07:15 AM


OnDeck announced the closing of an $85 million corporate revolving credit facility with a lender group consisting of four banks. The new committed facility can be used for general corporate purposes and replaces OnDeck's prior $30 million corporate... Read Story
February 07, 2019, 07:26 AM


36th Street Capital announced it has expanded its three-year, expandable senior secured revolving credit facility to $100 million, an increase of $25 million.Los Angeles-based City National Bank has agreed to participate in the syndicate, which is... Read Story
February 04, 2019, 07:25 AM


Numerated, a financial technology company digitally transforming business lending and sales at relationship banks, announced it will integrate PayNet’s MasterScore v2 within its real-time lending and growth platform.PayNet, a leading commercial... Read Story
February 01, 2019, 07:20 AM


Middle-market companies seeking growth or liquidity have fueled a strong mergers and acquisitions market in recent years and expectations remain high for this year, but Citizens Commercial Banking’s annual survey found many companies see a slowdown... Read Story
January 31, 2019, 07:25 AM


Nexseer Capital marked the completion of 2018 on a trajectory of growth and transformation. Nexseer continues to increase volume and balance sheet assets as part of its transformation to a direct lender since the company was acquired by funds managed... Read Story
January 31, 2019, 07:20 AM


All-Lines Leasing, a division of First Western Bank & Trust, has partnered with Hillyard, Inc., to offer an industry leading 3.9 percent interest rate on the financing of Trident cleaning equipment.“We are always looking for solutions to help our... Read Story
January 30, 2019, 07:00 AM


The Alta Group announced it recently played a key role in a significant investment by Fuyo General Lease Co., Ltd. (FGL) in Pacific Rim Capital, Inc. (PRC). Alta initiated this transaction and was the exclusive financial advisor to FGL.FGL... Read Story
January 23, 2019, 07:21 AM


In what turned out to be one of the fastest implementation projects that LTi Technology Solutions has executed, Bell Bank Equipment Finance has moved operations onto the ASPIRE platform. Looking for an end-to-end solution that would scale with the... Read Story
January 23, 2019, 07:09 AM


To help public and private companies adjust to FASB’s new lease accounting standard, Grant Thornton LLP has introduced a web-based application called LeaseCom Analytics (LCA). LCA combines advanced analytics and machine learning to automate the... Read Story
January 23, 2019, 07:00 AM


Stonebriar Commercial Finance announce the closing of a new $81.6 million term loan. The facility provides Stonebriar with two tranches of 364-day committed funding for a portion of Stonebriar’s railcar portfolio.DVB Bank SE acted as arranger for the... Read Story
January 22, 2019, 07:25 AM


The middle market has reached a digital precipice where ignoring the forces of disruption is no longer an option, new research finds. According to BDO’s inaugural Middle Market Digital Transformation Survey, which polls C-level executives at... Read Story
January 21, 2019, 07:30 AM


Sharc International Systems Inc. announced a strategic financing relationship with Partners Capital Group Inc. as an equipment finance partner for direct lender of equipment loans and leases.Partners Capital Group has funded over 10,000 transactions... Read Story
January 16, 2019, 07:05 AM


CNH Industrial N.V. announced it is laying the foundation for accelerated global growth and profitability by changing its organizational structure and strengthening and focusing its Global Executive Committee. The GEC is the operational... Read Story
January 14, 2019, 07:10 AM


New standards for lease accounting became effective on Jan. 1 for companies with calendar year ends – but research from KPMG shows that some organizations have fallen behind with their projects and will now be using interim solutions to enable... Read Story
January 11, 2019, 07:25 AM


SQN Investment Advisors, LLC, a fund manager and SEC registered investment adviser that specializes in asset backed and equipment leasing funds, has announced that it is rebranding to Arboretum Investment Advisors, LLC. This comprehensive rebrand is... Read Story
January 11, 2019, 07:10 AM


Ascentium Capital LLC announces results for year-end 2018 with $1.23 billion in funded volume, representing a 25 percent increase over last year. Milestones for the company include the following: Financing provided to over 83,000 SMBs since... Read Story
January 10, 2019, 07:25 AM


Liberty Commercial Finance announced an increase of over 312% in year-over-year annual funded new business volume and a 125 percent increase in company size in 2018. As proof of Liberty’s commitment to provide competitive rates and superior service... Read Story
January 10, 2019, 07:20 AM


Apollo Global Management LLC is talking to bankers about lining up debt to buy all or part of General Electric Co.’s jet-leasing business, which could be worth as much as $40 billion, according to people familiar with the matter, Bloomberg... Read Story
January 07, 2019, 07:28 AM


LeaseCrunch announced it has successfully completed a System and Organization Controls (SOC) 2 Type I Audit examination by international business advisory firm Skoda Minotti.SOC 2 engagements are performed in accordance with the American Institute of... Read Story
January 04, 2019, 07:00 AM


The Conference Board – a member-focused think tank that provides trusted insights for what's ahead – announced the election of Ellen R. Alemany, Chairwoman and CEO of CIT Group, and Beth E. Mooney, CEO of KeyCorp, to its board of trustees.Alemany... Read Story
December 28, 2018, 07:15 AM


The staff of Equipment Finance Advisor would like to extend Happy New Year wishes to all of our readers and advertisers. Thank you for your loyalty and goodwill throughout 2018! We look forward to working with you again in 2019! We will return with... Read Story
December 28, 2018, 07:00 AM


LiDARUSA announced it is now offer leasing options to qualifying U.S. buyers with Allegiant Partners, Inc.California-based Allegiant Partners., which does business as AP Equipment Financing, was founded in 1998 to serve small businesses by lessening... Read Story
December 27, 2018, 07:10 AM


CIT Group Inc. announced it will donate 1.5 million meals this holiday season in partnership with Feeding America, exceeding the original goal of its One Million Meals campaign by 50 percent."Thank you to the customers, followers and employees who... Read Story
December 21, 2018, 07:05 AM


The staff of Equipment Finance Advisor would like to extend our best wishes for a happy holiday season and our sincere thanks to all our readers and advertisers for your loyalty and goodwill throughout the year! We will return with the Daily eNews... Read Story
December 21, 2018, 07:00 AM


Small business owners ranked Huntington Bank highest in overall customer satisfaction in the Midwest region according to the 2018 J.D. Power U.S. Small Business Banking Satisfaction Study. Huntington, which tops the list for the second time in the... Read Story
December 19, 2018, 07:10 AM


Fleet Advantage announced it was named by Food Logistics as a Top 100 Software and Technology Provider in 2018, the fifth straight year the company has been included in the list. Each year, the FL100+ Top Software and Technology Providers list... Read Story
December 13, 2018, 06:50 AM


The American Society of Appraisers announced its Advanced Topics and Case Studies (Aviation Specific) course to be held on Thursday, Jan. 17 through Sunday, Jan. 20 2019 in Daytona Beach, FL.The Advanced Topics in Aircraft Appraisals course, ME203AS... Read Story
December 11, 2018, 07:00 AM


D&D Leasing Group CEO Rev. Dr. K.  Bill Dost announced a historic new partnership with humanitarian organization WE. WE was founded in 1995 by 12-year-old Craig Kielburger. What started as a youth-led, anti-child labor organization developed into a... Read Story
December 07, 2018, 07:07 AM


Beneficial Bank announced Beneficial Equipment Finance Corporation has launched an electronic documentation platform via an integrated Digital Transaction Management Solution from DocuSign, to improve communications and speed up funding to equipment... Read Story
December 06, 2018, 06:51 AM


DLL and Propelics, an Anexinet company, announced the Express Finance mobile app jointly developed by the companies was awarded the Most Effective App Integration Mobie Award by Enterprise Mobility Exchange.This inaugural award recognizes the top... Read Story
December 04, 2018, 07:15 AM


Ivory Consulting Corporation announced Verdant Commercial Capital, a newly formed independent equipment finance company, selected SuperTRUMP to support the modeling and pricing of the after-tax and renewable-energy leases they structure for their... Read Story
December 04, 2018, 06:50 AM


Driving down operating costs ranks as the top business challenge in a global executive survey from KPMG, but leaders overseeing the numbers view a bigger challenge – enabling digital transformation.According to KPMG’s 3Q 2018 Global Insights Pulse... Read Story
November 30, 2018, 07:15 AM


Bloomberg reports HNA Group Co. is putting more of its aviation and property assets up for sale, including CIT Aircraft Leasing, the airline leasing business purchased from CIT Group Inc. for more than $10 billion. The Chinese conglomerate is... Read Story
November 29, 2018, 07:30 AM


Balboa Capital conducted its annual Section 179 Tax Deduction survey to assess small business owners’ knowledge and usage of this IRS tax code. The survey results reveal that an overwhelming majority of small business owners, 80 percent, plan to use... Read Story
November 28, 2018, 07:19 AM


Leading global vendor finance company, DLL, announced the closing of DLL 2018-2 ABS (Asset Backed Securities) securitization transaction in the United States exceeding $1 billion. This is the largest equipment deal in the recent history in U.S.... Read Story
November 27, 2018, 07:22 AM


While the country enjoys unprecedented levels of small business optimism, access to credit will either boost or curtail economic growth within this high-impact sector, according to a new study. Gimme Credit: Faster, Simpler, Safer Credit for Main... Read Story
November 27, 2018, 07:15 AM


As technology and ongoing competitive disruption force banks to reinvent themselves, the risk management function must undergo a revolution in risk management professionals balancing their roles and operating models, according to a new report... Read Story
November 21, 2018, 07:20 AM


OpenText, a global leader in enterprise information management, announced White Clarke Group is now using OpenText Analytics to provide users of its CALMS software platform with superior data insights. White Clarke Group provides software to manage... Read Story
November 21, 2018, 07:05 AM


Ryder System, Inc. announced the largest commercial electric vehicle (EV) purchase in the United States, which enables broader adoption of commercial EV technology on a large scale.Together with an order of 1,000 medium-duty electric panel vans by... Read Story
November 20, 2018, 07:30 AM


DLL received the 2018 Vendor Finance Provider Award from Leasing Life, one of the top leasing industry journals in Europe, during the 14th Leasing Life Conference & Awards in Tallinn, Estonia.This award recognizes an asset finance lessor that has... Read Story
November 20, 2018, 07:15 AM


BNB Bank announced it will use PayNet’s Credit History Report and MasterScore v2 to digitize the bank’s loan approval process. PayNet will help BNB automate loan approvals, thereby decreasing turnaround time, improving customer experience and... Read Story
November 15, 2018, 07:10 AM


Small business loan approval rates for big banks reached another record high in October 2018, according to the Biz2Credit Small Business Lending Index.The October approval percentage for big banks (assets of $10 billion+) rose two-tenths of a percent... Read Story
November 14, 2018, 07:25 AM


CEMC (Commercial Equipment Marketplace Council), the executive think-tank of senior corporate leaders in fintech, asset finance and purchase announced they will be meeting yet again to discuss employment and culture, women in fintech, artificial... Read Story
November 12, 2018, 06:46 AM


Fleet Advantage announced it was included on the FreightWaves’ list of Freight.Tech 100 most innovative and disruptive companies in freight.According to FreightWaves, the companies and technologies nominated for the Freight.Tech 100 include work... Read Story
November 09, 2018, 07:10 AM


Wolters Kluwer’s Lien Solutions has been named a Bronze winner in the New Products and Services category of the 2018 Golden Bridge awards. The awards are an annual industry and peer recognition program that honors the best companies in every major... Read Story
November 09, 2018, 07:05 AM


Patricia M. Voorhees, a consultant with The Alta Group, is moderating the first panel of the day at the CEMC East Coast Roundtable in New York City on Nov. 14. titled “Women in Fintech and Investing – Innovating Despite Headwinds.”   Panelists... Read Story
November 08, 2018, 07:05 AM


JLG Industries, Inc., an Oshkosh Corporation company and a leading global manufacturer of aerial work platforms and telehandlers, announced the launch of a new full-service retail lending program from JLG Financial. The new program offers 100 percent... Read Story
November 07, 2018, 07:20 AM


Santander Bank unveiled Santander Enterprise Payment Link (EPL), a robust, host-to-host payment initiation channel and client access portal to track and report on wire, ACH and check payments to suppliers, customers and employees.  Following the... Read Story
November 06, 2018, 07:07 AM


Fleet Advantage announced President and Chief Financial Officer Brian Holland is presenting at this year’s AFP 2018 conference at McCormick Place in Chicago. Holland’s session: How Corporate Tax Changes & FASB Accounting Standards Have Impacted... Read Story
November 06, 2018, 06:50 AM


Live Oak Bank announced new additions to its financial offerings by adding fitness center lending and equipment leasing options to continue strategic growth in new industries and products. “Our aim is to build upon Live Oak’s model in providing... Read Story
October 31, 2018, 07:00 AM


Dynamark Monitoring has partnered with some of the largest home improvement financing companies in the nation to provide dealers a consumer equipment financing option for their customers. The goal is to help dealers expand their business while... Read Story
October 29, 2018, 07:10 AM


As JPMorgan and Goldman Sachs each prepare to launch major new financial technology (fintech) initiatives, research firm Accenture is warning that increased competition from digital only lenders could put intense pressure on incumbent banks, as they... Read Story
October 26, 2018, 07:07 AM


ENGS Commercial Finance Co. introduced LenderTrax, a highly efficient technology enabled lease and loan platform for vendors and customers. LenderTrax provides a completely digital and mobile-ready financing process that fully automates the... Read Story
October 25, 2018, 07:25 AM


Ascentium Capital LLC, the nation’s largest private-independent equipment finance company, announced the closing of the company’s tenth small ticket equipment securitization. The $343,711,000 securitization of Ascentium Equipment Receivables 2018-2... Read Story
October 25, 2018, 07:20 AM


Balboa Capital announced the results of its fourth quarter survey conducted to gauge the investment plans of small business owners for the final months of 2018. The results reveal 8 in 10 SBOs are planning to invest in new equipment, technology and... Read Story
October 24, 2018, 07:30 AM


First National Capital Corporation (FNCC), a full-service commercial equipment and aviation finance provider, announced 3Q Lease/Loan fundings of $80.8 million, continuing to meet the capital needs of mid-sized and large corporate entities across the... Read Story
October 24, 2018, 07:10 AM


PNC Bank announced that in 2019 it plans to begin offering fully digital business lines of credit, up to $100,000, in an expansion of its online lending to customers and prospects in the United States.PNC’s new digital product brings together one of... Read Story
October 23, 2018, 07:25 AM


Crestmark announced it provided more than $30.1 million in commercial financing to 66 businesses in the first half of October.Crestmark Equipment Finance provided $13,412,118 in seven new lease transactions; Crestmark secured a total of $13,585,000... Read Story
October 19, 2018, 07:20 AM


Fortune magazine named First American Equipment Finance No. 40 among the Best Midsize Workplaces in the U.S. “This honor is entirely thanks to the hard work and dedication of all of our colleagues over many years,” said Alan Sikora, CEO of First... Read Story
October 19, 2018, 06:50 AM


Amur Equipment Finance, Inc. (AmurEF) announced the completion of its sixth term securitization and second securitization this year. A total of $250,944,000 in rated securities secured by equipment leases and loans originated by AmurEF were issued... Read Story
October 18, 2018, 07:25 AM


Charlotte, NC-based equipment and accounts receivable finance company, Commercial Credit, Inc., parent company of Commercial Credit Group Inc. and Commercial Funding Inc., has made the Business North Carolina Mid-Market Fast 40 List for the seventh... Read Story
October 17, 2018, 06:50 AM


VAR Technology Finance, one of the nation's leading independent providers of financial solutions in the IT channel, announced it is expanding its presence to Canada, and will begin offering equipment finance and lease agreements to Canadian... Read Story
October 16, 2018, 07:20 AM


Securcor Financial Group announced the funding of a $49.5 million securitization for Geneva Capital, LLC. The securitization required a single A rating and was funded privately by an established U.S.-based insurance company. Geneva Capital, LLC, a... Read Story
October 12, 2018, 07:40 AM


Daon, a leader in biometric identity technology, announced Innovation Finance will deploy Daon’s IdentityX platform to drive its latest effort to create a better client experience.  By offering sophisticated borrowers unprecedented access to low-cost... Read Story
October 12, 2018, 07:20 AM


Chicago-based lender, Loeb Term Solutions announced the graduation of a Midwest Gear Manufacturer after having provided an equipment term loan back in early 2017 to help with the acquisition of the company. The company, a manufacturer of gears used... Read Story
October 12, 2018, 07:10 AM


Tobey Wilson, Shareholder at ECS Financial Services, recently became a registered peer reviewer for the American Institute of Certified Public Accountants’ (AICPA) Peer Review Program. Becoming a registered peer reviewer demonstrates Wilson’s and the... Read Story
October 10, 2018, 07:05 AM


Ascentium Capital, the nation’s largest private-independent finance company, reached $2 billion in managed assets during third quarter and obtained a 22 percent increase in funded volume over the same period last year.“We had another strong quarter... Read Story
October 09, 2018, 07:25 AM


Odessa, a leader in lease and loan accounting software solutions, announced Innovation Finance USA LLC has selected Odessa to provide them with an agile, customizable solution.Newly established in 2018 by industry veterans led by Bill Verhelle... Read Story
October 09, 2018, 07:20 AM


LeaseAccelerator has published a 90-Day Countdown Checklist for project teams in the final stages of preparing for the new lease accounting standards. One of the biggest accounting changes ever, the new ASC 842 and IFRS 16 standards will see almost... Read Story
October 09, 2018, 07:05 AM


Element Fleet Management Corp. recently announced a customer-centric plan to meaningfully improve financial performance, strengthen and de-risk the company’s balance sheet, and position the business for growth.“We have embarked on a transformational... Read Story
October 08, 2018, 07:30 AM


David Schaefer,  founder and CEO of Orion First and Mintaka Financial, and Chairman of the Board of Directors of the Equipment Leasing & Finance Association (ELFA), is a panelist at the 2018 European Leasing and Consumer Credit Industry Annual... Read Story
October 05, 2018, 07:05 AM


At the 45th Annual Canadian Finance & Leasing Association (CFLA) conference, CFLA Chairman Richard McAuliffe announced Hugh Swandel, senior managing director of The Alta Group, was selected for the CFLA David Powell Member of the Year award for... Read Story
October 03, 2018, 06:00 AM


Channel Partners Capital ranked among the 5,000 fastest-growing private companies in the U.S. by Inc. magazine for the sixth straight year in 2018. The Inc. 500/5000 list recognizes the nation’s most successful, dynamic small and mid-sized businesses... Read Story
September 28, 2018, 07:20 AM


Regents Capital, a provider of equipment leasing and financing, was ranked on Entrepreneur's Top Company Cultures list, a ranking of U.S.-based businesses exhibiting high-performance cultures created in partnership with Energage. The list ranked... Read Story
September 28, 2018, 07:10 AM


Orion First announced it has surpassed $1 billion in assets under management. The assets under management consist of small business commercial loans and leases for which Orion provides all the back-office portfolio management and servicing duties on... Read Story
September 26, 2018, 07:20 AM


U.S. Bank has created a new, fully digital option for small businesses to apply for and receive a loan or line of credit.The digital process is part of a broader evolution of how the bank interacts with customers. Single-owner businesses within U.S.... Read Story
September 25, 2018, 07:28 AM


ECN Capital Corp. announced it has entered into an agreement to sell railcar assets to affiliates of Trinity Industries Leasing Company for proceeds of $360 million. Including transaction costs, the total after-tax loss will be approximately $29... Read Story
September 25, 2018, 07:25 AM


Canadian Equipment Finance & Leasing Inc. (CEFL) and PROVEN Financial Group Inc. announced the creation of a joint venture, which will leverage more than 200 years of combined equipment finance experience. The joint venture will operate under the... Read Story
September 19, 2018, 07:28 AM


First National Capital Corporation (FNCC), a full-service commercial equipment and aviation finance provider, has announced the opening of its newest office in San Diego, CA.The San Diego office is led by Brian Crogan, Vice President of Sales. Crogan... Read Story
September 19, 2018, 07:10 AM


White Clarke Group announced it has won the Best Point of Sale (POS) and Back Office Innovation Awards for its CALMS platform at the IAFN Conference in London.The Best Point of Sale Innovation Award recognizes that White Clarke Group has released the... Read Story
September 19, 2018, 07:05 AM


Stearns Bank will soon break ground on an 11,000-square-foot addition to its Equipment Finance Division in Albany, MN, to accommodate growing operations.Driving this growth has been Stearns Bank’s substantial investments in technology, including new... Read Story
September 18, 2018, 07:22 AM


Ivory Consulting Corporation announced today the release of SuperTRUMP 12 which incorporates the new US GAAP ASC 842, Leases, and other enhancements.SuperTRUMP 12, available on the desktop, the web, in Salesforce and in multiple server versions... Read Story
September 17, 2018, 07:15 AM


Hugh Swandel, Senior Managing Director of The Alta Group in Canada, will be presenting in Montreal, at the Canadian Finance & Leasing Association (CFLA) conference in a workshop session titled, “Measuring the Industry” on Sept. 26 at 2 p.m. Others in... Read Story
September 17, 2018, 07:05 AM


Rev. Dr. K. Bill Dost, Group CEO of the D&D Companies, received the Personality of the Year Award for Equipment Finance at the IAFN Awards Dinner on Sept. 13 at the Park Plaza London Riverbank, after the IAFN Conference. The award, presented by... Read Story
September 17, 2018, 06:50 AM


The European Investment Bank (EIB) signed an agreement with DLL establishing more support for Dutch and Belgian small or medium-sized enterprises and mid-cap companies from DLL’s Life Cycle Asset Management Program. The credit facility includes EUR... Read Story
September 14, 2018, 07:14 AM


Ivory Consulting Corporation announced Sertant Capital, an independent equipment finance company based in Irvine, CA, selected SuperTRUMP Desktop to support its lease syndication and after-tax lease pricing methodologies.“Ivory Consulting is pleased... Read Story
September 11, 2018, 07:00 AM


LTi Technology Solutions announced Summit Funding Group, Inc. has committed to upgrade to ASPIRE v5 as its end-to-end lease and loan management platform. This strategic investment in emerging technology will help Summit Funding adapt to the... Read Story
September 07, 2018, 07:23 AM


T-Mobile announced a first-of-its-kind iPhone and iPad leasing program that extends financing from Apple to businesses activating 25 or more lines. And for a limited time, T-Mobile will cover the first $100 of every device leased through the program.... Read Story
September 06, 2018, 07:21 AM


CAN Capital, Inc., a technology-driven small business specialty finance company, announced it has agreed to a financing transaction of up to $287 million to enhance its capital capacity with Varadero Capital, L.P., a New York-based alternative asset... Read Story
September 06, 2018, 07:18 AM


Fleet Advantage announced day its James Griffin, Chief Operating Officer and Chief Technology Officer, has been selected as a finalist for the South Florida Business Journal’s 2018 Technology Awards.The awards honoring chief information officers who... Read Story
September 06, 2018, 07:10 AM


International Decision Systems (IDS) announced it has expanded the core capabilities of its portfolio management solution, InfoLease, driving increased efficiency, extensibility and enterprise integration.InfoLease 10.5, which is available on... Read Story
September 06, 2018, 07:05 AM


Tamarack Consulting, a consulting and software development company, has been named one of the fastest-growing private U.S. companies by Inc. 500|5000 for a third year in a row. Out of 5000 honorees, Tamarack had a growth rate of 160 percent over the... Read Story
September 05, 2018, 07:10 AM


LeaseQ announced instant financing for micro-ticket equipment purchases of $15,000 or less. After being approved for an equipment lease or loan, LeaseQ customers can now opt for instant financing through participating lenders on the platform.LeaseQ... Read Story
August 31, 2018, 07:14 AM


To leverage its strengths, better optimize capital allocation, and provide even more focused dealer support, Ally Financial Inc. is taking strategic actions that will enable it to concentrate more on its core business operations. The renewed focus on... Read Story
August 30, 2018, 07:07 AM


The Securities and Exchange Commission announced Moody’s Investors Service Inc., one of the nation’s largest credit ratings agencies, has agreed to pay a total of $16.25 million in penalties to settle charges involving internal control failures and... Read Story
August 29, 2018, 07:30 AM


Equipment finance companies collect and generate a wealth of data, but most are unsure how to leverage it to increase competitiveness in strategic ways. Those attending the Equipment Leasing and Finance Association (ELFA) Operations & Technology... Read Story
August 28, 2018, 07:22 AM


Although its predicted huge potential, many companies are struggling with the implementation of refurbishment business resulting in underutilization of its potential. The main cause is the lack of knowledge of this type of business and misconceptions... Read Story
August 28, 2018, 07:05 AM


Neumann Finance Company, a newly established nationwide commercial equipment financing company, and a subsidiary of Beneficial Bank, has launched its origination platform and commenced business operations. “It is an exciting time here at Neumann... Read Story
August 22, 2018, 07:20 AM


Crestmark secured a total of $46,935,891 in financial solutions with 18 transactions for 14 new clients in the first half of August. On Aug. 3, a $75,000 accounts receivable purchase facility was provided to trucking brokerage in Alabama. The... Read Story
August 22, 2018, 07:05 AM


National Funding, announced it has received the San Diego Business Journal’s Fastest-Growing Private Company award six consecutive years. National Funding made the 2018 list based on its percentage of verified new growth from 2015 to 2017. With a... Read Story
August 20, 2018, 07:00 AM


Hitachi Capital America (HCA) announced its trade finance team is expanding its capabilities to Mexico and continues to see substantial growth in its trade finance portfolio.Mexican companies seeking liquidity and balance sheet improvement can now... Read Story
August 15, 2018, 12:20 PM


LeaseQ announced its online marketplace for equipment financing is now available on AutoQuotes, a technology company for the foodservice equipment and supplies (FES) industry. Organizations using AutoQuotes gain access to LeaseQ’s instant quotes and... Read Story
August 15, 2018, 07:10 AM


NETSOL Technologies, Inc., a global business services and enterprise application solutions provider, has secured an agreement with a tier-one auto captive finance company to implement its NFS Ascent platform.The agreement is with a new customer that... Read Story
August 10, 2018, 07:10 AM


QuickBridge, a privately held financial services firm, announced its participation in Lendio’s turndown program. This partnership marks another milestone in QuickBridge’s commitment to providing business loans to small businesses nationwide. As one... Read Story
August 09, 2018, 07:15 AM


LeaseAccelerator announced that The Silicon Review Magazine has named it among the “50 Innovative Companies to Watch in the Year 2018.” The publication has selected LeaseAccelerator based on its customer retention health, open innovation... Read Story
August 09, 2018, 07:10 AM


Corcentric, a provider of procurement and financial process automation solutions, announced it has signed an agreement with G&P Trucking to deliver a full suite of financial process automation solutions that will help the South Carolina-based company... Read Story
August 09, 2018, 07:05 AM


The Alta Group is offering a complimentary five-page summary of its 2018 benchmarking survey and analysis on the pace of digitalization in the asset finance industry produced collaboratively by consultants in North America, Latin America and... Read Story
August 08, 2018, 07:24 AM


Sandhills Publishing and InTempo Software have reached an agreement to integrate a number of Sandhills Publishing products into InTempo's ERP rental software solution. The initial integration includes equipment feeds that streamline data management... Read Story
August 08, 2018, 07:10 AM


First American Equipment Finance has been named No. 32 among the 50 Best Companies to Sell For by Selling Power Magazine.“At First American, our mission is to provide meaningful value to our clients’ businesses,” said National Sales Director Mike... Read Story
August 06, 2018, 07:02 AM


EquipmentWatch, the industry standard for ownership and operating cost data, announced the introduction of light duty truck models to its Rental Rate Blue Book and Internal Charge Rate products.The update represents the vast majority of truck... Read Story
August 03, 2018, 07:11 AM


As the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) lease accounting standards' effective date for U.S. publicly traded companies nears on Jan. 1, 2019, executives continue to indicate concern over... Read Story
August 02, 2018, 06:55 AM


Marlin Business Services announced the completion of a $201.7 million asset-backed notes term securitization by Marlin Leasing Corporation, a wholly owned subsidiary of Marlin Business Services Corp. This transaction was Marlin's 11th term... Read Story
July 31, 2018, 07:30 AM


Months from the Jan. 1, 2019 deadline, public companies are struggling to address embedded leases, lease abstracting and integrating new lease accounting software within legacy systems in their efforts to achieve compliance with the Financial... Read Story
July 31, 2018, 07:15 AM


Worldwide spending on blockchain solutions is forecast to reach $11.7 billion in 2022, according to a new update to the Worldwide Semiannual Blockchain Spending Guide from International Data Corporation (IDC). IDC expects blockchain spending to grow... Read Story
July 30, 2018, 07:05 AM


LeaseAccelerator announced the release of its Who is Most Impacted by the New Lease Accounting Standards report, a ranking of the US public companies with the largest leasing obligations. The report includes total operating lease obligations for the... Read Story
July 27, 2018, 07:15 AM


Florida-based Xtraction Services (XS), a provider of equipment solutions for cannabis and hemp extraction, announced the launch of its equipment leasing program. XS is providing in-house financing to its customers. Top oil processors such as Halo... Read Story
July 27, 2018, 07:05 AM


Erie County, NY, Executive Mark C. Poloncarz and Commissioner of Public Works William Geary announced the county’s intention to enter into a leasing agreement with Enterprise Fleet Management that would replace the county’s owned vehicle fleet with... Read Story
July 26, 2018, 07:22 AM


Regents Capital Corporation, in Costa Mesa, CA, announced it has been named as one of the 2018 Best Places to Work in Orange County for the third consecutive year. The independent equipment finance firm ranked as No. 25 in the medium employer... Read Story
July 25, 2018, 07:00 AM


The New York State Energy Research and Development Authority (NYSERDA) announced the completion of the largest solar system installed in New York City in Staten Island. The 3.1-megawatt solar array will offset a large portion of the electricity used... Read Story
July 24, 2018, 07:25 AM


Crestmont Capital, LLC announced its unaudited funding results for the second quarter 2018.The company achieved originations of approximately $45 million, which represents the highest second-quarter revenue in the company’s history and an increase of... Read Story
July 23, 2018, 06:55 AM


CIT Group Inc. announced the integration of its FlexAbility solution with ECi’s e-automate software product.CIT’s FlexAbility solution gives manufacturers and dealers the ability to structure what they sell, how they charge for it, how invoices are... Read Story
July 19, 2018, 07:15 AM


Amur Equipment Finance has been certified as a great workplace by the independent analysts at Great Place to Work. The certification is based on extensive and anonymous feedback about Amur Equipment Finance’s workplace experience. “Our CEO and... Read Story
July 19, 2018, 07:05 AM


Fortune magazine named First American Equipment Finance No. 9 among the Best Workplaces in New York.First American earned this ranking based on an anonymous third-party survey of all employees. The survey measured trust in the company’s leadership... Read Story
July 18, 2018, 10:45 AM


The Alta Group reports interest in mergers and acquisitions in the equipment finance industry has been high in the first half of 2018, reflecting a global trend. According to Thomson Reuters, the value of M&A deals announced this year has set an... Read Story
July 18, 2018, 07:24 AM


GSG Financial, a captive equipment finance company, announced it has launched a new business unit focused on providing material handling asset management and remarketing services. The new business unit, GSG Asset Management and Remarketing (GSG AMR)... Read Story
July 18, 2018, 07:23 AM


To help organizations comply with the new lease accounting standards, Axiom announced the launch of its Contracts Intelligence Platform for Lease Accounting.Trillions of dollars of lease obligations are set to hit corporate balance sheets in December... Read Story
July 17, 2018, 07:07 AM


ZRG Partners, an executive search firm, announced the formation of its Blockchain Practice. The practice will be led by Rahul Kapur, Managing Director, and will help financial services, fintech and health care clients as well as those in emerging... Read Story
July 16, 2018, 07:15 AM


Hilco Global announced it will be donating thousands of new children’s toys and baby products to underprivileged children throughout Chicago and Boston with an in-kind donation totaling $1 million retail. The donation is part of an ongoing company... Read Story
July 16, 2018, 07:01 AM


CIT Group Inc. announced the results of its annual employee volunteer initiative, CIT Cares Month. Throughout June, more than 250 community projects were completed by 1,900 volunteers over 7,300 hours across 18 locations to make a difference. "CIT... Read Story
July 16, 2018, 06:59 AM


EPG Insurance and Assurant, Inc., announced they will partner to provide insurance and equipment protection. The companies will offer point-of-sale property insurance solutions and extended service contracts for customers of construction, agriculture... Read Story
July 13, 2018, 07:20 AM


After nearly three decades of service to the equipment and asset finance industry, it was announced during LeaseTeam’s 2018 user conference that the company would be changing its name to LTi Technology Solutions. The announcement was made during... Read Story
July 12, 2018, 07:25 AM


Ascentium Capital LLC announced strong growth during second quarter 2018. The company funded $326.5 million during the quarter, representing a 28 percent increase in volume over the same period last year. Since inception, the company has funded $4.3... Read Story
July 12, 2018, 07:15 AM


Strands and Mastercard announced they are working together globally to provide issuing banks with an integrated platform of digital cash management and commercial payment tools specifically designed to benefit their small-to-medium enterprise (SMEs)... Read Story
July 11, 2018, 07:00 AM


PHX Energy Services Corp. announced its board of directors approved a $15 million increase to the corporation’s 2018 capital expenditure program. With this increase PHX Energy now anticipates spending $33.5 million in capital expenditures during 2018... Read Story
July 06, 2018, 07:05 AM


LendingPoint announced it closed an increase of its mezzanine financing, bringing the total of the facility to $52.5 million.Paragon Outcomes Management LLC provided the financing that closed last month. Paragon and LendingPoint have been building... Read Story
July 02, 2018, 07:03 AM


Welbilt, Inc., a global provider of commercial foodservice equipment, announced it has launched the Welbilt Kitchen Leasing Program at the 2018 National Restaurant Association show in Chicago. This first-of-its-kind program is designed to provide all... Read Story
June 29, 2018, 07:30 AM


Moody’s Analytics launched a new scoring solution for evaluating the creditworthiness of small businesses. The RiskCalc Small Business solution leverages the award-winning RiskCalc application, a comprehensive tool for determining the credit risk of... Read Story
June 29, 2018, 07:00 AM


Red Herring announced the winners of its Top 100 North America 2018, recognizing the continent’s most exciting and innovative private technology companies. The winners included Cloud Lending Solutions.Companies were judged by industry experts... Read Story
June 28, 2018, 07:04 AM


LeaseAccelerator announced a $30 million investment in Series B Funding from Insight Venture Partners, a New York-based venture capital and private-equity firm. In conjunction with the financing, Peter Sobiloff, Managing Director at Insight Venture... Read Story
June 27, 2018, 07:20 AM


Fortune magazine announced First American Equipment Finance has been ranked No. 72 on the 100 Best Workplace for Millennials list for 2018. The list recognizes companies that demonstrate respect and fairness in the workplace, provide opportunities... Read Story
June 27, 2018, 07:05 AM


Stonebriar Commercial Finance announced the closing of a new $500 million revolving credit facility. The facility will provide Stonebriar with committed, multi-year funding for each of its four business platforms: General Equipment, Rail Leasing... Read Story
June 26, 2018, 07:30 AM


Verdant Commercial Capital, LLC launched as an independent equipment finance company in the second half of 2017. Based in Cincinnati, Verdant primarily will focus on providing innovative and flexible financing solutions supporting vendor... Read Story
June 26, 2018, 07:20 AM


Balboa Capital announced the results of its latest survey that was conducted to gauge how small business owners utilize technology. Among the survey’s key findings: 7 in 10 small business owners say their companies became more dependent on various... Read Story
June 20, 2018, 07:15 AM


Onset Financial CEO Justin Nielsen has won a spot on Glassdoor Employees’ Choice Awards honoring America’s Top CEOs in 2018. Glassdoor, one of the world’s largest job and recruiting sites, released its annual report recognizing the Top 50 CEOs, which... Read Story
June 20, 2018, 07:12 AM


Global hospitality technology provider Exceptional Innovation (EI) has secured a $75 million capital investment for the business. It will use this equity investment to pay off acquisition debt and provide on-going operating capital.In addition to the... Read Story
June 19, 2018, 07:22 AM


Associated Equipment Distributors (AED) and eight other major construction industry organizations sent separate letters to U.S. Senate leadership and the Trump administration opposing the recently implemented tariffs on steel and aluminum imported... Read Story
June 18, 2018, 08:00 AM


ChannelNet, a digital engagement firm, announced a strategic partnership with White Clarke Group, a finance technology leader, to offer an end-to-end financing solution to the global asset finance market.The partnership offers asset finance companies... Read Story
June 15, 2018, 07:21 AM


EquipmentWatch announced a new tool aimed at helping contractors better manage their internal fleet of equipment. The new Rate Group Report calculates size-class internal charge rates based on actual fleet assets, giving equipment managers better... Read Story
June 15, 2018, 07:18 AM


DLL announced a new name for its Office Technology global business unit. The legacy business line, which boasts one of the industry’s largest portfolios in document imaging, data centers and mobile devices, will now be called Tech Solutions. “The... Read Story
June 14, 2018, 07:30 AM


International Decision Systems (IDS) announced the global launch of IDScloud, providing banks, captives and independent finance companies a scalable, proven and innovative platform to drive business growth.Backed by more than 40 years of industry... Read Story
June 14, 2018, 07:09 AM


LeaseAccelerator announced national consulting and talent solutions firm, Vaco, has joined its global alliance program. The new alliance will help companies accelerate adoption of the new lease accounting standards, ASC 842 and IFRS 16. The new... Read Story
June 13, 2018, 07:10 AM


Wilmar Inc. was named a winner of the Family Business Award for companies with fewer than 50 employees at the 2018 Charlotte Family Business Awards. The company, with its headquarters in Charlotte, N.C., said it is the Southeast’s largest independent... Read Story
June 11, 2018, 07:00 AM


From the second quarter Phoenix Management “Lending Climate in America” Survey, results show a positive outlook for the U.S. Economy and set a record high for the near-term GPA in the history of the survey.Lenders’ confidence on how they expect the U... Read Story
June 08, 2018, 07:20 AM


LeaseQ, an online marketplace for equipment financing, and SEFA, LLC, a nationwide network of supply and equipment dealers and manufacturers, announced a partnership to bring financing automation to SEFA members. The LeaseQ platform allows SEFA... Read Story
June 05, 2018, 07:20 AM


CIT Group Inc. announced the launch of its second annual volunteer campaign, CIT Cares Month, a companywide initiative that inspires and encourages employees to volunteer in support of local communities and non-profit organizations nationwide. "We're... Read Story
June 05, 2018, 07:05 AM


The impact of “The Sharing Economy” on business-to-business financial transactions will be explored Tuesday during a panel discussion at the Commercial Equipment Marketplace Council (CEMC) Fintech Innovation Summit. Panelists will include Moderator... Read Story
June 04, 2018, 07:05 AM


ECN Capital Corp. announced it has completed its strategic investment in The Kessler Group on the terms previously announced. ECN Capital this month announced it signed a definitive agreement to invest $221.2 million in KG.“I am excited to begin this... Read Story
June 01, 2018, 07:25 AM


PowerPlan, a lease accounting software firm, has announced a strategic technology partnership with LEVERTON, an AI-based document and data abstraction platform. The partnership, which involves the product integration of PowerPlan and LEVERTON, allows... Read Story
June 01, 2018, 07:00 AM


Channel Partners Capital announced two significant developments to support the company’s growth initiatives. Channel has closed a significant equity investment from funds advised by Elliott Management Corporation, a multi-strategy private investment... Read Story
May 30, 2018, 07:25 AM


LeaseAccelerator was named the winner of a Bronze Stevie Award in the Company of the Year, Computer Software category at the 16th Annual American Business Awards.More than 3,700 nominations from organizations of all sizes and in virtually every... Read Story
May 30, 2018, 07:00 AM


LeaseAccelerator announced it will hold its Summer 2018 Lease Accounting Summit in Chicago on June 20. The summit will take place immediately following the Accounting Change for Financial Leaders conference held by the Financial Executive Institute... Read Story
May 29, 2018, 07:10 AM


Although the deadlines to adopt the Financial Accounting Standards Board's new lease accounting standard draw closer, many firms have yet to approach the starting line. A Robert Half and Protiviti survey of finance leaders found 44 percent of... Read Story
May 25, 2018, 07:15 AM


Hitachi Capital America Corp. reported it has closed out another successful fiscal year, with total assets surpassing $3 billion and $4.6 billion in total funded volume, a double-digit percentage increase over last year.One of the company’s biggest... Read Story
May 22, 2018, 07:25 AM


After selecting LeaseTeam (LTi) as its technology partner of choice in July 2017, Your Leasing Solution, LLC (YLS) sensed promising times were ahead for the up-and-coming independent leasing company. Now that YLS is officially live with its... Read Story
May 18, 2018, 07:20 AM


A growing number of companies are transitioning to a circular business model in which equipment re-use, refurbishment, remanufacturing and recycling are key to the company’s strategy. DLL, a global vendor finance company, researched the business and... Read Story
May 17, 2018, 07:20 AM


Guy Klingler, Co-Founder and former President of First American Equipment Finance, announced a significant equity investment in Innovation Finance USA LLC. He also joined the Board of Directors of Innovation Finance. “Guy has been a close personal... Read Story
May 16, 2018, 07:29 AM


Odessa announced growing momentum as organizations globally continue to select and deploy the LeaseWave Product Suite. Continued System Growth: Organizations across sectors of the leasing industry continue to select Odessa’s unified suite of... Read Story
May 15, 2018, 07:05 AM


Deloitte and Bloomberg Tax will host Lease Accounting Standard: A Way Forward, a one-day conference to help companies navigate the new lease accounting standard, one of the most transformative pieces of authoritative accounting guidance in the FASB... Read Story
May 15, 2018, 07:00 AM


ECN Capital Corp. announced it has entered into a definitive agreement to make a strategic investment in The Kessler Group (KG). Under the terms of the agreement, ECN Capital will invest $221.2 million in KG. This investment represents a significant... Read Story
May 11, 2018, 07:20 AM


Cloud Lending Solutions announced it has been selected as the winner of the “Best Business Lending Platform” award by FinTech Breakthrough, an independent organization that recognizes the top companies, technologies and products in the global FinTech... Read Story
May 11, 2018, 07:00 AM


Accruent, a provider of physical resource management solutions, has expanded the verification process of its lease accounting and administration solution with respect to the new FASB and IASB lease accounting standards with software testing conducted... Read Story
May 10, 2018, 07:05 AM


LeaseAccelerator announced RSM US LLP has joined its global partner program. RSM is the nation's largest provider of audit, tax and consulting services focused on the middle market with more than 9,000 professionals in 90 cities across the United... Read Story
May 10, 2018, 07:00 AM


Fleet Advantage announced it has made public a new report titled: “Impact of Latest Tax and Accounting Changes on Equipment Procurement–What You Need to Know.” The report illustrates key business provisions and practical implications of the updates... Read Story
May 09, 2018, 07:15 AM


Candi Pavliscak, Senior Vice President and Chief Risk Officer for Hitachi Business Finance, is featured in this week’s edition of Crain’s Detroit Business as one of the most Notable Women in Finance.Crain’s Detroit Business chose the featured women... Read Story
May 09, 2018, 06:55 AM


On June 4, 2018, National Leasing intends to change its name to CWB National Leasing Inc.“National Leasing has been a proud member of CWB Financial Group since 2010,” said Michael Dubowec, President and CEO, National Leasing. “It’s time we start... Read Story
May 08, 2018, 07:26 AM


FinTech Breakthrough, an independent organization that recognizes the top companies, technologies and products in the global FinTech market, announced it has selected CIT Group's point-of-sale digital platform as the winner of its "Best Small... Read Story
May 08, 2018, 07:10 AM


Given her position as chairman and CEO of KeyCorp, Beth Mooney is at ease speaking in front of investors, analysts, regulators, employees – even 100,000-plus viewers as a guest on Jim Cramer’s Mad Money financial markets show on CNBC.But Mooney... Read Story
May 08, 2018, 06:00 AM


Velocity Vehicle Group (VVG), an integrated network of commercial truck dealerships throughout the Southwest, is unveiling a new brand identity. This includes its 19 commercial truck dealerships operating under different business names, such as... Read Story
May 07, 2018, 07:05 AM


White Clarke Group announced that, in partnership with Toyota Financial Services (UK), it has secured the ‘'Digital Innovation of the Year ? Consumer Lending’ award from the Motor Finance: Europe Conference & Awards last week in Berlin.The joint... Read Story
May 04, 2018, 07:00 AM


Navitas Credit Corp., a wholly owned subsidiary of United Community Bank, announced John Martella will join the organization as Senior Vice President of the newly formed Navitas Capital division. This new division will be focused on middle market... Read Story
May 02, 2018, 07:22 AM


CG Commercial Finance was recently recognized by The Monitor as No. 18 on its annual list of Top Private Independent Lessors. CG Commercial Finance, which was acquired by funds controlled by Atalaya Capital Management in 2016, has continued to... Read Story
May 02, 2018, 07:00 AM


Commonwealth Capital Corp. announced Chief Executive Officer Kimberly Springsteen-Abbott is among the recipients of the 2018 Enterprising Women of the Year Champions Award from Enterprising Women Magazine. Now in its sixteenth year, this award series... Read Story
May 01, 2018, 07:00 AM


Jeffrey Gannon and Adrian Dunner, in partnership with investment vehicles managed by Wafra Inc., announced the formation of Global Container International LLC, a new marine container leasing platform with headquarters in Boston and with... Read Story
April 27, 2018, 07:25 AM


Commonwealth Capital Corp. announced Chief Executive Officer Kimberly Springsteen-Abbott has received the Women's Business Enterprise Council (WBEC) of Pennsylvania, Delaware and southern New Jersey 2017 Leadership Award. Springsteen-Abbott was... Read Story
April 27, 2018, 06:52 AM


Recently formed Boxwheel Trailer Leasing, LLC announced it has received a significant capital investment from Crosstimbers Capital Group, a private investment firm that partners with growing and scalable entrepreneur-owned companies. The new capital... Read Story
April 26, 2018, 07:30 AM


Used Class 8 truck same dealer sales volumes improved for the third consecutive month; on a year-over-year basis, sales volumes were up 1 percent, according to the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published... Read Story
April 26, 2018, 07:15 AM


Robert B. Podwalny, FASA, a longtime member of the equipment finance and leasing and appraisal industries, passed away on April 14, 2018 at the age of 74 in Brentwood, California after a courageous three-year battle with lung cancer.  Bob was with... Read Story
April 24, 2018, 07:12 AM


LeasePlan USA and Lyft, a ride hailing company, announced they will partner to provide companies with visibility and control of total transportation costs.Through this partnership, LeasePlan, will be able to provide its customers with more than... Read Story
April 24, 2018, 07:10 AM


The U.S. Government Accountability Office (GAO) issued a report last month detailing the regulatory challenges currently facing the fintech sector. The agency found that existing laws and regulations may not be adequate to mitigate the risks posed by... Read Story
April 20, 2018, 07:30 AM


First American Equipment Finance earned top honors among midsize (100-249 employee) companies for the Best Companies to Work for in New York in 2018. This elite recognition marks First American’s seventh consecutive time on the list, and the second... Read Story
April 20, 2018, 06:55 AM


White Clarke Group announced the launch of its latest in-depth report and summary video into the industry – the Global Technology Report 2018.The new digital report showcases new business models, industry best practice and thought leadership from... Read Story
April 19, 2018, 07:15 AM


Crestmark secured a total of more than $32 million in financial solutions for 27 new clients in the first half of April. On April 2, a $100,000 accounts receivable purchase facility was provided to a trucking company in Texas. The financing will... Read Story
April 19, 2018, 06:50 AM


LeaseAccelerator announced the release of the first SAB 74 Disclosure Analysis for Lease Accounting report, an assessment of recent Securities and Exchange Commission filings related to the adoption of ASC 842. The report includes comments issued by... Read Story
April 18, 2018, 07:15 AM


Element Fleet Management Corp. announced it has completed the issuance of $1 billion of rated term notes through Chesapeake Funding II LLC.The offering was Element’s first Chesapeake II issuance of the year and enjoyed strong demand that allowed the... Read Story
April 18, 2018, 07:01 AM


Beacon Funding announced the company has been named one of the 2018 Best Places to Work in Chicago. As a leading equipment financing company, Beacon Funding continually strives to offer a positive work environment that encourages employees to provide... Read Story
April 17, 2018, 07:20 AM


FTR reported preliminary March trailer orders at 27,500, which reflect a typical seasonal decline from February, down 16 percent.  However, orders were historically strong with order activity at the highest level for the month of March since 2014 and... Read Story
April 17, 2018, 07:15 AM


First National Capital Corporation (FNCC) announced it recently was named the No. 6 independent commercial equipment finance company in the U.S. as ranked by The Monitor Daily—up five spots from last year.“It is an honor to be recognized as one of... Read Story
April 17, 2018, 06:55 AM


LeaseAccelerator announced 10 new Oracle-centric companies have selected its software-as-a-service (SaaS) application to comply with the new ASC 842 and IFRS 16 standards. Currently used by Arconic, Alcoa, ATI, Cummins, Herbalife and Salesforce.com... Read Story
April 13, 2018, 07:15 AM


Ascentium Capital LLC announced surpassing $4 billion in origination volume since the company’s founding in August 2011. “Our award-winning finance platform, elevated levels of efficiencies and our personalized service continue to drive demand for... Read Story
April 12, 2018, 07:30 AM


Accruent announced that Brunswick Corporation has selected Accruent’s lease accounting software. Brunswick is a global designer, manufacturer and marketer of recreation products, including marine engines, boats, fitness equipment and active... Read Story
April 12, 2018, 07:17 AM


Onset Financial Inc. received the 2018 Best of State Award in Equipment Finance in Utah. The prestigious award comes during a historic time of record growth for Onset Financial. “We are so excited to be recognized by such an esteemed organization,”... Read Story
April 12, 2018, 07:12 AM


ENGS Commercial Finance Co. has reached a significant milestone of funding $113 million in the first quarter of 2018, representing 33 percent year-over-year growth, the highest origination quarter in the company’s history.“We are thrilled with our... Read Story
April 11, 2018, 07:28 AM


Regents Capital was honored as one of Monitor’s Top 25 Private Independents for 2018 based on Regents 13 percent growth in annual funded new business volume in 2017. The 4-year-old firm moved up two positions from last year’s rankings and remains... Read Story
April 11, 2018, 06:55 AM


The Greater Omaha Chamber on April 5 recognized LeaseTeam, Inc., (LTi) as a recipient of the 2018 Business Excellence Award in Innovation at its private VIP Reception. Award nominees were evaluated on company history and milestones in growth, as well... Read Story
April 10, 2018, 07:15 AM


From the first quarter Phoenix Management “Lending Climate in America” Survey, results show a positive outlook for the U.S. economy and modest growth for the U.S. equity markets.Lenders’ confidence on how they expect the U.S. economy to perform... Read Story
April 09, 2018, 07:25 AM


Ascentium Capital LLC experienced a strong first-quarter funding $278 million representing 24 percent year over year growth--the highest origination quarter in the company’s history.“I am extremely pleased with first-quarter results and the... Read Story
April 05, 2018, 07:11 AM


Extreme Networks, Inc. introduced Extreme Capital Solutions, dedicated to providing competitive and flexible financing to customers, partners and prospects looking to acquire Extreme Networks' solutions.Extreme Capital Solutions combines Extreme's... Read Story
April 03, 2018, 07:25 AM


Marlin Business Services Corp. announced it has entered into a forward flow sale agreement with Varadero Capital, L.P., a leading alternative asset management firm, to sell up to $300 million in equipment leases and loans to be originated by... Read Story
April 02, 2018, 07:30 AM


Bloomberg, and other news media, are reporting that John Thain, a former chief executive officer of Merrill Lynch and more recently CEO of CIT Group Inc., is expected to join Deutsche Bank AG’s supervisory board in May, citing sources with knowledge... Read Story
April 02, 2018, 07:25 AM


CIT Group Inc. announced CIT Northbridge Credit served as sole lead arranger on a three-year, $20 million senior secured revolving and term loan credit facility for Arkos Field Services LP, a leading provider of aftermarket services to the energy... Read Story
April 02, 2018, 06:55 AM


FIS announced CNH Industrial Capital America (CNH) has selected the FIS asset finance solution as its new technology platform for managing its commercial contract and lease portfolios. CNH is the financing arm of CNH Industrial America, a provider of... Read Story
March 30, 2018, 07:20 AM


CIT Group Inc., in partnership with the nonprofit Operation HOPE, introduced the Launch and Grow video series to empower and educate small business owners. The series features small business owners across the U.S. telling their unique stories and... Read Story
March 30, 2018, 06:30 AM


FORTUNE and Great Place to Work announced First American Equipment Finance is No. 6 among the Best Small and Medium Sized Workplaces in Financial Services and Insurance. Honorees of the FORTUNE Best Workplaces lists are selected primarily based on... Read Story
March 29, 2018, 07:00 AM


Total Class 8 used truck prices rose 3 percent year-over-year in February, but dipped 2 percent month-over-month, while average mileage was flat compared to last February and the average age was lower on a year-over-year basis, according to the... Read Story
March 28, 2018, 06:15 AM


An annual Capital One survey found asset-backed security (ABS) professionals continue to anticipate major interest in buy-side asset-backed securities in 2018. The survey, conducted at SFIG Vegas 2018—a conference that assembles professionals from... Read Story
March 26, 2018, 07:10 AM


Price Digests introduced enhanced Commercial Truck VIN Decoding capabilities with nearly 1,000 unique commercial trailer models added. The Commercial Trailer VIN Decoding now offers a cost-effective and time-saving advantage for the modern truck and... Read Story
March 23, 2018, 07:25 AM


ENGS Commercial Finance Co. announced it has reached a significant milestone, processing over 100,000 credit applications since June 2013, when the company began tracking the number of applications received.“This is a proud accomplishment and... Read Story
March 22, 2018, 07:20 AM


Heritage Global Inc. announced the launch of its newly formed division Heritage Global Energy and Construction (HGEC). With headquarters in Austin, Texas, HGEC provides asset advisory, auction services and monetization solutions for businesses... Read Story
March 21, 2018, 07:25 AM


ACT Research’s preliminary estimate for February 2018 net trailer orders is 33,000 units. Final February volume will be available later this month. Its methodology allows ACT to generate a preliminary estimate of the market that should be within +/-... Read Story
March 19, 2018, 07:15 AM


Bill Verhelle announced the formation of Innovation Finance USA LLC, a new national lending business with headquarters in Fairport, N.Y.  Innovation Finance serves large, creditworthy corporate and non-profit borrowers located throughout the U.S. ... Read Story
March 15, 2018, 07:25 AM


Crestmark Executive Vice President Larry Pearce announced Crestmark’s expansion of its funding capabilities to provide several options to the growing solar energy market.Crestmark offers several financing programs to help business owners looking to... Read Story
March 15, 2018, 07:15 AM


Charlene’s Waste Services LLC’s successful financing relationship with Beacon Funding enabled them to expand their service area and enter new markets. With 84 financed porta-potties and two financed portable toilet trucks, the startup’s future looks... Read Story
March 15, 2018, 07:10 AM


ENGS Commercial Finance Co. has announced the relocation and expansion of its corporate headquarters to a new, much larger space in Itasca, Ill.In advance of the move, ENGS has also completed a major rebranding, which is part of an overall... Read Story
March 15, 2018, 06:00 AM


Fleet Advantage, an innovator in truck fleet business analytics, equipment financing and lifecycle cost management, announced a new company milestone, leasing its 10,000th Class-8 Truck. In 2017 alone, Fleet Advantage placed purchase orders on over 1... Read Story
March 14, 2018, 07:30 AM


Manufacturers, resellers, distributors and service providers planning to create agreements that bundle equipment, financing, software and services need a way to identify and avoid costly gaps in the process.Before launching or expanding managed... Read Story
March 14, 2018, 07:18 AM


Applications for First American Manufacturing Finance’s new Future Leaders of Manufacturing scholarship are being accepted.In its first year, the $1,500 scholarship will be awarded to a college student pursuing a degree related to manufacturing... Read Story
March 14, 2018, 06:00 AM


UniFi Equipment Finance, Inc., a subsidiary of Bank of Ann Arbor, announced it has been selected as a preferred lender for MOOYAH Burgers, Fries and Shakes.MOOYAH is a rapidly growing fast casual, “better burger” franchise with accolades from leading... Read Story
March 12, 2018, 07:20 AM


Cloud Lending Solutions was recognized as a “Top 10 Best Performing Salesforce Solution Provider” of 2017 by Insight Success Magazine.The magazine, through its in-depth industry analysis, looked at how companies are transforming the customer-company... Read Story
March 09, 2018, 07:00 AM


Arvest Equipment Finance (AEF) closed more than $100 million in new production in 2017, a first for the division of Arvest Bank, it announced.AEF president Eric Bunnell cited a doubling of the company’s vendor production – from $7 million in 2016 to... Read Story
March 07, 2018, 07:15 AM


After CWB Financial Group’s recent portfolio acquisition from ECN Capital, National Leasing (NL), a subsidiary, connected with LeaseTeam, Inc. (LTi) to license technology that would allow it to service its share of the portfolio without disruption.... Read Story
March 07, 2018, 07:10 AM


White Clarke Group has published its annual Global Leasing Report, providing a guide to the world’s top 50 leasing markets. The report reveals a confident industry outlook, with the top 50 countries in 2016 reporting growth in new business volume of... Read Story
March 06, 2018, 07:10 AM


Crestmark secured a total of $17,700,000 in financial solutions for 17 new clients in the second half of February. On Feb. 16, a $2,000,000 accounts receivable purchase facility was provided to a trucking company in Oregon. The financing will be... Read Story
March 06, 2018, 07:00 AM


Amur Equipment Finance (AmurEF) announced the completion of its fifth term securitization. A total of $197,549,000 in DBRS rated securities, spread across seven classes and secured by equipment lease and loans originated or contributed by AmurEF... Read Story
March 05, 2018, 07:12 AM


National Leasing launched the third and final phase of its new core system, a multi-year, in-house project. “We knew building our own, completely customized core leasing system from scratch would be a significant feat – something other companies... Read Story
March 05, 2018, 06:09 AM


Start-up firms that take out loans in the name of the business in the initial year of operation, as opposed to personal debt obtained in the name of the firm's owner, are significantly more likely to survive and achieve higher levels of revenue... Read Story
March 02, 2018, 07:10 AM


LeaseAccelerator announced that it has been featured as 2018’s Top 10 Accounting Solution Providers in the latest edition of CFO Tech Outlook. The annual list of companies is selected by a panel of experts and members of the magazine’s editorial... Read Story
March 02, 2018, 07:00 AM


The rise of FinTechs continues to revitalize the financial services customer journey; however, many startups have realized they will struggle to succeed alone. With complementary strengths, FinTechs are increasingly looking to symbiotic collaboration... Read Story
February 28, 2018, 07:30 AM


Dedicated Commercial Recovery surpassed its 2017 goal of providing 10,000 meals to children in need by donating 14,000 meals! Dedicated has developed a Meals for Deals Program in which every placed, delinquent account provides a meal for a starving... Read Story
February 28, 2018, 07:25 AM


Kroll Bond Rating Agency announced that it has upgraded each class of notes on the SCF Equipment Trust 2017-1 LLC Equipment Contract Back Notes, Series 2017-1. The upgrades were the following: Class A Notes: Prior Rating A+; Current Rating: AA-Class... Read Story
February 28, 2018, 07:00 AM


Balboa Capital announced it has successfully completed a $266 million securitization of equipment lease and loan backed notes, its fifth and largest transaction to date. Credit Suisse Securities (USA) LLC and SunTrust Robinson Humphrey acted as the... Read Story
February 27, 2018, 07:20 AM


LeaseAccelerator announced the results of its second annual Readiness Survey which gauges the readiness of large companies to support the new lease accounting standards. The LeaseAccelerator Readiness Survey involved over 300 respondents in the... Read Story
February 27, 2018, 07:15 AM


This March marks 15 years since Wounded Warriors Family Support was founded, with the goal of assisting the families of those who have been wounded, injured or killed during combat operations. Thanks to a generous gift by Stearns Bank, WWFS is... Read Story
February 22, 2018, 06:00 AM


Data suggests organizations are moving quickly with the assistance of Big 4 experience and sophisticated technology solutions, but many are not where they need to be. With the January 1, 2019, deadline looming for compliance with the Financial... Read Story
February 21, 2018, 07:21 AM


First American Equipment Finance announced that the company grew its new business volume by 70% in fiscal 2017, surpassing $1 billion for the first time.  This was the company’s 5th straight year of greater than 25% growth.  The 20+ year-old business... Read Story
February 20, 2018, 07:19 AM


Amazon has reportedly teamed up with Bank of America Merrill Lynch to provide business loans, according to multiple news reports. Amazon's small business lending arm - Amazon Lending - launched in 2011 and provides loans of $1,000-$750,000 with terms... Read Story
February 20, 2018, 07:15 AM


The Alta Group’s presenters at the Equipment Management Conference Feb. 25-27 in St. Petersburg, FL include Shawn Halladay, Alta’s director of professional development, who will discuss best practices in the accounting process of residual write-downs... Read Story
February 20, 2018, 07:05 AM


Tamarack Consulting has recently taken two of its new clients live on Salesforce utilizing Tamarack’s proprietary Loan/Lease Origination Accelerator.With more than 40 Salesforce clients utilizing the Loan/Lease Origination service, Tamarack has... Read Story
February 20, 2018, 07:03 AM


Equipment Finance Advisor's offices will be closed on Monday, February 19th in observance of President's Day. We will return with the Daily eNews Blast on Tuesday, February 20th. Read Story
February 16, 2018, 06:00 AM


Peapack Capital Corporation, a subsidiary of Peapack-Gladstone Bank, funded equipment finance transactions totaling $152 million for commercial and corporate clients in 2017, its first year of operations.Headquartered in Bedminster, New Jersey... Read Story
February 15, 2018, 07:20 AM


Commercial Credit Group Inc. (CCG), an independent commercial equipment finance company, announced the closing of a 144a privately-placed term asset-backed security (ABS) transaction. The $306,000,000 financing was placed with a broad group of... Read Story
February 15, 2018, 07:00 AM


Bibby Financial Services (BFS) announced that in Q4 of 2017 the company provided over $35MM in commercial financing to 64 new clients across all of its North American product lines. BFS specializes in financing small and medium-sized businesses... Read Story
February 15, 2018, 06:56 AM


ENGS Commercial Finance announced that it has launched a secure electronic signature (“E-Signature”) documentation solution for its Construction Division. This solution, which has successfully been implemented throughout the company’s Transportation... Read Story
February 14, 2018, 07:00 AM


Cloud Lending Solutions announced upgrades to its front-to-end lending platform for clients using: CL Loan™, CL Lease™, CL Originate™, CL Collections™, CL Marketplace™, and CL Portal™. The Cloud Lending Solutions lending platform supports over ninety... Read Story
February 14, 2018, 06:11 AM


IVECO and BNP Paribas Leasing Solutions have joined forces to help transport operators to renew their fleets with more environmentally-friendly commercial vehicles. The purchasers of IVECO vehicles featuring its Natural Power technology, which runs... Read Story
February 12, 2018, 07:14 AM


NETSOL Technologies has launched its LeasePak Cloud, an all-inclusive cloud-based asset leasing and lending solution, with MotoLease. In conjunction with the launch, NETSOL will be hosting the application in the Microsoft Azure cloud environment.“Our... Read Story
February 12, 2018, 07:12 AM


White Clarke Group held its third successful Auto Captives Summit on the 25th January at The Shard, London. Senior executives from the world’s largest captive auto finance companies met to consider and debate the latest developments and the... Read Story
February 12, 2018, 07:10 AM


CG Commercial Finance ended 2017 achieving a number of growth milestones, both economically and organizationally. The company experienced substantial year-over-year growth in lease originations, revenue, and profitability.  The company also increased... Read Story
February 08, 2018, 07:25 AM


First Capital Business Finance announced new aggressive equipment financing programs for middle-ticket businesses.  With the company's new President, Dustin Doi, in FCBF's office for the past year, the company is experiencing an ever-growing demand... Read Story
February 08, 2018, 07:00 AM


Investors Bank is launching an Equipment Finance Group that will enhance its commercial and industrial (C&I) lending capabilities with middle market companies. An experienced, seven-person team of equipment financing professionals led by Group Leader... Read Story
February 07, 2018, 07:20 AM


Siemens Financial Services (SFS) released a new research paper which investigates the key challenges facing manufacturers across the globe, as they look to adapt to Industry 4.0.A digitalized, automated, Industry 4.0 world offers the ability to... Read Story
February 07, 2018, 07:02 AM


Element Fleet Management Corp. provided an update regarding its strategic priorities, earnings outlook and leadership.Since 2012, Element has completed a number of significant transactions that have created an industry-leading fleet management... Read Story
February 06, 2018, 07:19 AM


Copley Equity Partners, a private investment firm based in Boston, announced that it has completed a majority investment in North Star Leasing, a provider of equipment financing solutions for businesses in a variety of industries. Daniel Feeney... Read Story
February 06, 2018, 07:15 AM


Nevada’s quest to encourage blockchain technology start-ups is creating new business opportunities for commercial finance companies in the state and nation, says Patricia Voorhees, director of The Alta Group. Voorhees will discuss blockchain... Read Story
February 05, 2018, 06:50 AM


Global venture capital firm New Enterprise Associates, Inc. (NEA) announced that Jeff Immelt has joined the firm as Venture Partner. Immelt, who recently retired from his role as Chairman and CEO of GE after 16 years at the helm of the 125-year-old... Read Story
February 02, 2018, 07:25 AM


White Clarke Group announced that their chairman, Dr. Ed White, has been awarded the prestigious International Auto Finance Network (IAFN) ‘Technology Hall Of Fame 2018’ award for his contribution to the industry. Dr. Ed White is an active investor... Read Story
February 02, 2018, 07:05 AM


ECN Capital Corp. announced that it has completed the previously announced sale of the Company’s Canadian Commercial and Vendor (C&V) Finance assets to CWB Financial Group.“We are pleased to close this transaction on schedule on the terms previously... Read Story
February 01, 2018, 07:02 AM


This past year proved to be a momentous year for Northpoint Commercial Finance (Northpoint), a leading provider of multi-industry inventory finance solutions throughout the United States and Canada. During 2017, Northpoint point was not only acquired... Read Story
January 31, 2018, 07:10 AM


1st Source Corporation, parent company of 1st Source Bank, announced important investments in its people as a result of record performance in 2017 and new tax legislation opportunities.  These new investments include the following: The issuance of... Read Story
January 30, 2018, 07:23 AM


Wintrust Asset Finance (WAF) achieved the $1 billion milestone in total assets and booked more than $500 million in new loans and lease assets during 2017. Headquartered in Chicago, Illinois, WAF is an equipment-focused financing group that offers... Read Story
January 25, 2018, 07:20 AM


Data Sales Co. announced that the company will celebrate the recent passage of tax reform legislation by distributing to all 80 plus employees a special bonus of $1,000 each. Data Sales Co. will benefit from the new tax law lowering the corporate tax... Read Story
January 24, 2018, 07:00 AM


The Securities and Exchange Commission announced charges against six certified public accountants – including former staffers at the Public Company Accounting Oversight Board (PCAOB) and former senior officials at KPMG LLP – arising from their... Read Story
January 23, 2018, 07:18 AM


Maxim Commercial Capital announced that it solved liquidity problems for 872 small and mid-sized businesses (SMBs) in every state except Alaska during 2017. Maxim’s borrowers applied the fresh capital for purposes including equipment purchases... Read Story
January 23, 2018, 07:16 AM


Mitsubishi UFJ Lease and Finance (U.S.A.), Inc.(“MULUSA”) announced that it closed $413 million in new lease and loan transactions in 2017, growing its portfolio to $614 million. In 2016 MULUSA launched a new U.S. leasing division that’s... Read Story
January 22, 2018, 07:10 AM


Cloud Lending Solutions announced Cloud Lending Lease™ Xcelerate Program, designed as a customer-centric, cloud-based lease servicing application enabling lessors to efficiently service equipment leases. The program is available to lessors as a fully... Read Story
January 17, 2018, 08:00 AM


First National Capital Corporation (FNCC), a full-service commercial equipment and aviation finance provider, has announced record Q4 fundings of $70.1MM to meet the needs of mid-sized and large corporate entities across the U.S. and Canada.Steve... Read Story
January 16, 2018, 07:19 AM


Great Lakes Asset Solutions, an industry leading Nationwide Commercial Asset Recovery and Collection group located in the heart of Lockport, NY has expanded their office for the 5th time in 2 years, adding an additional 25 work stations to build and... Read Story
January 16, 2018, 07:00 AM


Make-A-Wish® Utah has received a $31,000 charitable donation from VFI Corporate Finance to grant life-changing wishes for local children with critical illnesses. The large contribution coincided with the granting of a wish to Stetson Bowen, a... Read Story
January 15, 2018, 07:03 AM


From the fourth quarter Phoenix Management “Lending Climate in America” Survey, results shows a positive and optimistic outlook for the U.S. economy in the near term.Lenders' confidence on how they expect the U.S. economy to perform during the next... Read Story
January 12, 2018, 07:14 AM


Cloud Lending Solutions was recognized as a “Top 25 FinTech Company for 2017” by APAC CIO Outlook Magazine. A panel of industrial experts and executives collaborated with the editorial board to curate the list with an aim to provide clarity into the... Read Story
January 12, 2018, 07:04 AM


Hitachi Business Finance is celebrating its most successful year yet, having provided $139 million in working capital financing to companies of all sizes across the United States.The largest area of growth this past year has come from the company’s... Read Story
January 11, 2018, 07:10 AM


A survey of trends in U.S. middle market lending revealed substantial and growing concern about the higher amounts of debt leverage carried by middle-market companies heading into 2018, and found that less restrictive loan documents are a significant... Read Story
January 10, 2018, 07:19 AM


Ascentium Capital announced it surpassed $1 billion in annual funded volume for the first time in the organization’s history.The Company manages $1.9 billion in assets and funded $3.7 billion since 2011. Ascentium Capital experienced other key... Read Story
January 09, 2018, 07:11 AM


Ivory Consulting Corporation announced that Transportation Services Co. (TSC), part of the TransPar Group of Companies, selected Ivory Consulting’s intuitive lease and loan pricing application, SuperTRUMP EXPRESS for Salesforce, to streamline pricing... Read Story
January 09, 2018, 06:37 AM


Marlin Business Services announced that as a result of the Tax Cuts and Jobs Act of 2017 enacted December 22, 2017, it will be required to revalue its deferred tax assets and deferred tax liabilities to account for the future impact of lower... Read Story
January 08, 2018, 07:15 AM


The service economy is gaining ground. Today, an increasing number of companies seek to create value by building service-based business models and moving from selling a product to selling a ‘comprehensive service’. DLL, a global vendor finance... Read Story
January 08, 2018, 07:04 AM


CSC Leasing announced an Innovation Partner sponsorship agreement with LaunchBio, Inc., a national nonprofit, to support educational programs for early stage life science entrepreneurs in the Research Triangle region of North Carolina. CSC Leasing... Read Story
January 03, 2018, 06:00 AM


TCF Financial Corporation announced that as a result of the tax reform legislation enacted December 22, 2017, it will be required to revalue its deferred tax assets and deferred tax liabilities to account for the future impact of lower corporate tax... Read Story
January 02, 2018, 07:19 AM


ECN Capital announced it has closed the acquisition of Triad Financial Services, Inc. (“Triad”) on the terms previously announced.“As the CEO of Triad, I am excited for this partnership and next chapter in our business,” said Don Glisson, Jr.... Read Story
January 02, 2018, 07:10 AM


The staff of Equipment Finance Advisor would like to extend our best wishes for a happy holiday season and our sincere thanks for your loyalty and goodwill throughout the year! Equipment Finance Advisor's Daily eNews Blast will not be published the... Read Story
December 22, 2017, 08:20 AM


ECN Capital Corp. announced that it has entered into an automatic securities purchase plan (the “Plan”) with a designated broker in order to facilitate repurchases of its outstanding common shares (the “Common Shares”) in connection with its... Read Story
December 22, 2017, 08:00 AM


Crestmark secured a total of $15,191,377 in financial solutions for 20 new clients in the first half of December. On Dec. 4, a $100,000 accounts receivable purchase facility was provided to a trucking company in Michigan. The financing will be... Read Story
December 20, 2017, 07:00 AM


OSG Billing Services (OSG), announced that it has completed the acquisition of Diamond Communication Solutions, a full-service provider of data-driven customer communications, headquartered in Carol Stream, IL. The company will continue to be run by... Read Story
December 19, 2017, 07:15 AM


Bloomberg reported that Canada’s largest pension fund and Onex Corp. have teamed up to bid for Element Fleet Management Corp., with KKR & Co. also making an offer for the company, according to people familiar with the matter. Read the full Bloomberg... Read Story
December 14, 2017, 07:31 AM


Balboa Capital announced the results of its Section 179 Tax Deduction Survey that was conducted to gauge small business owners’ familiarity and usage of this IRS tax code. The survey results show that 7 out of 10 small business owners plan to use... Read Story
December 13, 2017, 07:10 AM


Chesswood Group Limited announced that it has renewed its US$250 million corporate revolving credit facility for a term of three years, expiring in December 2020. The existing credit facility was due to expire in December 2019. Chesswood also... Read Story
December 13, 2017, 07:00 AM


LeaseAccelerator announced that it was recognized as one of 2017’s Top 25 Procurement Solution Providers by CIO Applications magazine. The annual list of companies is selected by a panel of experts and members of CIO Applications’ editorial board to... Read Story
December 12, 2017, 06:46 AM


The credit quality of US equipment asset-backed securities (ABS) transactions will remain strong in the coming year, owing to the continued financial stability of the underlying obligors and growth in the macroeconomy, Moody's Investors Service says... Read Story
December 08, 2017, 07:19 AM


Hitachi Capital America Corp.’s Donald Link, vice president and general manager of the Medium and Small Ticket Finance Division, has been appointed to the Equipment Leasing & Finance Foundation’s Board of Trustees.“I’m very much looking forward to... Read Story
December 08, 2017, 07:00 AM


Stonebriar Commercial Finance announced the closing of SCFET 2017-2, a $374 million asset-backed securitization transaction. SCFET 2017-2 marks the third securitization transaction that Stonebriar has closed in the last 18 months, bringing total... Read Story
December 07, 2017, 07:21 AM


ENGS Commercial Finance Co. (“ENGS”) announced the launch of a new, interactive website and logo as part of a rebranding effort to reflect its commitment to provide the best and most advanced technology offering. This new website also more clearly... Read Story
December 07, 2017, 07:19 AM


With over $20 million in lease originations, November came to a close as the strongest month of 2017 for Med One.  November lease originations were done in partnership with 10 major medical device manufacturers and over 40 different hospitals and... Read Story
December 07, 2017, 07:12 AM


The Chris Walker Education Fund Board of Trustees is now accepting grant applications. Applications will be accepted through December 22nd. The fund will award a total of $15,000 in grants to be distributed in December.Funds available through the... Read Story
December 07, 2017, 07:05 AM


DLL received the Digital Innovation award from Leasing Life, one of the top leasing industry journals in Europe, during the Leasing Life Conference at the Krasnapolsky Hotel in Amsterdam. For its 13th edition, the Leasing Life Conference and Awards... Read Story
December 05, 2017, 07:05 AM


Accruit, LLC, a financial technology company specializing in escrow and 1031 exchange services, announced that they have signed an agreement to acquire the assets of PaySAFE Escrow, Inc. including its PaySAFE® web-based escrow technology that allows... Read Story
November 29, 2017, 07:02 AM


Sandhills Publishing will host the final event of its 2017 dealer forum series on December 5th in Phoenix, Arizona. The forum will host dealers, auctioneers, rental and leasing companies, and other sellers in the agriculture, construction, commercial... Read Story
November 29, 2017, 07:01 AM


TCF Financial Corporation announced that it will discontinue all indirect auto loan originations, effective December 1, 2017. TCF will continue to service existing auto loans on its balance sheet and auto loans serviced for others. Concurrent with... Read Story
November 28, 2017, 07:13 AM


ENGS Commercial Finance announced it has been recognized as one of Chicago’s most dynamic and industry leading businesses as part of the Chicago Tribune’s and Better Business Bureau’s Top Workplaces for 2017.Top Workplace companies were selected... Read Story
November 28, 2017, 07:12 AM


Ivory Consulting Corporation announced that Lease Corporation of America (LCA) selected Ivory Consulting’s native Salesforce pricing application, SuperTRUMP EXPRESS for Salesforce, to fully integrate loan and lease pricing into their Salesforce... Read Story
November 28, 2017, 07:07 AM


The Turnaround Management Association ("TMA") announced that Gregory J. Fine has resigned as Chief Executive Officer of TMA, effective January 15, 2018, to join the CCIM Institute, a commercial real estate association. TMA also announced that it is... Read Story
November 22, 2017, 07:09 AM


Daniel J. Krajewski, President and Chief Executive Officer of Sertant Capital, has been elected to serve a two-year term on the Equipment Leasing and Finance Association’s Independent Middle Market Business Council Steering Committee.The Independent... Read Story
November 21, 2017, 07:00 AM


Erste Group Bank AG (Erste Group) and DLL (De Lage Landen International B.V.) have signed a Memorandum of Understanding (MoU) aimed at establishing a strategic alliance with respect to their vendor financing and leasing activities in Central and... Read Story
November 20, 2017, 07:18 AM


TAB Bank announced it has provided a $4 million revolving credit facility for a staffing and recruiting company located in California. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working... Read Story
November 20, 2017, 05:57 AM


DLL announced the closing of its inaugural securitization – DLL Securitization Trust 2017-A for $501.5 million.“DLL’s transaction was very well received in the market,” said DLL U.S. Chief Financial Officer Peter Mullen. “The deal was oversubscribed... Read Story
November 17, 2017, 07:15 AM


Channel Partners Capital (CPC) was ranked among the 5,000 fastest-growing private companies in the U.S. by Inc. magazine for the fifth straight year in 2017. The Inc. 500/5000 list salutes the nation’s most successful, dynamic small and mid-sized... Read Story
November 16, 2017, 07:15 AM


The Rating Outlook for finance and leasing companies (FLCs) globally in 2018 is Stable, Fitch Ratings says. The Stable Rating Outlook reflects modest leverage across most sub-sectors, adequate liquidity profiles, and the generally muted impact of... Read Story
November 16, 2017, 07:11 AM


Sopra Banking Software announced that Siemens Financial Services has selected its Cassiopae Financing Software.Cassiopae software, which supports a wide range of financial products and asset classes, is expected to replace a variety of legacy... Read Story
November 16, 2017, 07:00 AM


Navitas Credit Corp. reached a major milestone in its corporate history by exceeding total new business volume of over one billion dollars. Navitas was founded in September of 2008 with eight employees and has grown into an industry leader with over... Read Story
November 14, 2017, 07:19 AM


Beacon Funding announced a partnership with Quest TowNetwork and the launch of Quest Roadside Rewards, a program that provides enhanced financing options to providers in the Quest TowNetwork. “Quest has a strong reputation in the roadside assistance... Read Story
November 14, 2017, 07:15 AM


Blue Bridge Financial announced that during the month of October 2017, it exceeded $200 million in total loans originated to over 4,000 small businesses since its inception in 2009.  "$200 million in originations is a significant milestone for us in... Read Story
November 10, 2017, 08:15 AM


Alfa announced a partnership with Stonewall, Europe’s largest LGBT rights organization.Alfa has joined the Stonewall Diversity Champions Program, the UK’s largest community of professionals dedicated to equality, diversity and inclusion, and the... Read Story
November 10, 2017, 08:03 AM


EquipmentWatch named the winners of the 2017-2018 Lowest Cost of Ownership Awards. The announcement was made during the awards ceremony held during EquipmentWatch’s 1st annual customer conference, Traction. The winners represent the models, within... Read Story
November 09, 2017, 07:08 AM


1STWEST BACKGROUND DUE DILIGENCE LLC, a premier global provider of comprehensive background checks and enhanced due diligence, has announced its national certification as a WBE-Certified Women’s Business Enterprise by the Women’s Business Enterprise... Read Story
November 09, 2017, 07:07 AM


OnDeck announced third quarter 2017 financial results and affirmed that the Company is on track to achieve GAAP profitability in the fourth quarter of 2017."OnDeck's third quarter performance demonstrated tangible progress on our strategic priorities... Read Story
November 06, 2017, 07:02 AM


Odessa announced that Sasfin Bank (“Sasfin”) has selected the LeaseWave Product Suite and Odessa platform. With a robust product solution from Odessa, Sasfin plans to run its entire leasing business from one unified technology platform to manage... Read Story
November 03, 2017, 07:09 AM


Crestmark closed three lease transactions totalling $6.9 million in the second half of October. A $2,200,000 new lease transaction was completed with a medical supply company in the western U.S. on Oct. 19. The financing will be used for... Read Story
November 03, 2017, 07:04 AM


GreatAmerica Financial Services Corporation announced that it surpassed the $2 billion mark in assets and concurrently reached its 25th year of uninterrupted organic growth. The two milestones are the latest installment of the remarkable journey of a... Read Story
November 02, 2017, 07:15 AM


LeaseAccelerator announced it will host its 2017 Lease Accounting Summit in New York City on November 15th. Immediately following the Current Financial Reporting Issues (CFRI) conference, held by the Financial Executive Insitute (FEI), summit... Read Story
November 02, 2017, 06:36 AM


Maxim Commercial Capital announced that it provided financing to over 200 small and mid-sized businesses (SMBs) in 30 states during the third quarter of 2017.  Borrowers used the hard asset-secured funds for wide-ranging purposes including... Read Story
November 01, 2017, 07:15 AM


Element Fleet Management Corp. announced that it has completed the issuance of US$1 billion of rated term notes through Chesapeake Funding II LLC ("Chesapeake II").The offering was the third Chesapeake II issuance of 2017 bringing total issuance to... Read Story
November 01, 2017, 07:05 AM


Bibby Financial Services (BFS) announced that it funded 81 new clients in Q3 of 2017, providing $23.8M in commercial lending to small and medium-sized businesses (SMBs) in North America. BFS Canada brought on 24 new clients and BFS U.S. brought on 59... Read Story
November 01, 2017, 07:00 AM


OnDeck announced agreements with Ingo Money and Visa to enable real-time funding of loans to small businesses via their debit cards, powered by Visa Direct. OnDeck will be the first company in the online lending industry to offer real-time access to... Read Story
October 31, 2017, 06:54 AM


Onset Financial funded one of the fastest contracts in company history on international equipment.“We were able to approve and fund this difficult transaction in less than 48-hours,” said Executive Vice President of Sales, Matt Burrows. “This... Read Story
October 30, 2017, 07:04 AM


QuickBridge announced its President, Ben Gold, has been accepted into the Forbes Finance Council, an invitation-only community for executives in finance, accounting, financial planning, wealth and asset management and investment firms. “It’s a... Read Story
October 30, 2017, 07:02 AM


PayNet addressed The Congress of the United States, U.S. House of Representatives, Committee on Small Business to testify on online lending’s role in improving small business capital access.PayNet president William Phelan was asked by the House... Read Story
October 27, 2017, 07:21 AM


Ascentium Capital announced closing the Company’s eighth small ticket equipment securitization. The $236,000,000 securitization of Ascentium Equipment Receivables LLC, Series 2017-2 was rated by Moody’s and Kroll and achieved a Aaa rating for the... Read Story
October 26, 2017, 07:18 AM


ECN Capital announced that it has entered into a definitive agreement to acquire Triad Financial Services, Inc. (“Triad”). Under the terms of the agreement, ECN Capital will pay US$100 million (C$125 million) in cash for Triad. In addition, ECN... Read Story
October 26, 2017, 07:10 AM


Colford Capital Holdings announced the sale of 100% of the equity interests of North Mill Capital LLC (“NMC”) to Solar Senior Capital Ltd. NMC, based in Princeton, New Jersey, is an asset-based lending and commercial finance company that provides... Read Story
October 25, 2017, 07:30 AM


Balboa Capital released the results of its Q4 survey that was conducted to gauge business owner optimism. The survey results reveal that business owners are confident that the economy and their companies will perform well during the final months of... Read Story
October 25, 2017, 07:20 AM


International Decision Systems (IDS) announced it has experienced extremely strong customer demand for its InfoLease® 10 portfolio management software platform including new customer IBERIABANK’s Corporate Asset Finance Subsidiary and four additional... Read Story
October 23, 2017, 07:01 AM


The Amur Foundation (Amur), the nonprofit public charity arm of the Amur Companies, including Amur Finance Company, Inc., and Amur Equipment Finance, is providing logistical support to the disaster relief efforts for Puerto Rico. Working with New... Read Story
October 23, 2017, 06:17 AM


International Decision Systems (IDS) announced that IBERIA Corporate Asset Finance, Inc., a subsidiary of IBERIABANK, has selected InfoLease 10 as its platform to power IBERIA’s newly-launched equipment finance and leasing business. IBERIA Corporate... Read Story
October 20, 2017, 07:04 AM


Harvard Partners CEO Bill Verhelle announced his firm is seeking to invest in, or purchase, small innovative U.S.-based commercial finance firms. Interest is not limited to companies already in the equipment leasing and finance industry, though he... Read Story
October 19, 2017, 07:31 AM


Ritchie Bros. Financial Services (RBFS) is expanding its reach, now serving as a preferred provider for IronPlanet, a leading online marketplace for used equipment and other durable assets. IronPlanet's growing customer base will now have access to... Read Story
October 18, 2017, 07:22 AM


Grant Thornton LLP, the U.S. member firm of Grant Thornton International Ltd, has entered into a preferred vendor agreement with Visual Lease, a cloud-based technology that helps companies manage their lease portfolio in real time. Grant Thornton’s... Read Story
October 18, 2017, 07:10 AM


FORTUNE and Great Place to Work® have named First American Equipment Finance as #25 among the Best Medium-Size Workplaces in the U.S. This accolade is based on anonymous employee responses to an extensive survey about their levels of trust, pride and... Read Story
October 18, 2017, 07:06 AM


For the past three years, IronPlanet's GovPlanet marketplace has been helping the U.S. Defense Logistics Agency (DLA) sell thousands of its surplus assets. After seeing consistently strong returns, the DLA has extended its contract with GovPlanet... Read Story
October 17, 2017, 07:10 AM


Chesswood Group Limited announced that its largest subsidiary, Pawnee Leasing Corporation, has closed a new US$75 million non-recourse asset backed facility with Capital One, N.A. through its Pawnee Receivable Fund I LLC.The facility is secured by... Read Story
October 17, 2017, 07:00 AM


The Alta Group, Invigors EMEA, Alta’s affiliate in Europe, and The Alta Group Latin American Region announced plans to conduct an independent study to benchmark the status of digitization by leading equipment leasing and finance companies, according... Read Story
October 16, 2017, 07:16 AM


Consumers bank online, purchase merchandise online and pay bills online. They can conduct equipment lease transactions online, too. An easy way to do that is through a custom web portal.By visiting the JDR Solutions booth at the 56th Annual Equipment... Read Story
October 16, 2017, 06:22 AM


LeaseAccelerator announced that it was recognized as one of 2017’s top 10 Financial Reporting Solution Providers in the latest edition of CFO Tech Outlook. The annual list of companies has been selected by the panel of experts and members of CFO Tech... Read Story
October 13, 2017, 07:00 AM


Linedata has partnered with ExactBid, a leading real estate due diligence software company, to seamlessly integrate ExactBid's RIMS appraisal management services with the Linedata Capitalstream loan and lease origination and risk management... Read Story
October 12, 2017, 07:00 AM


Responding to the ongoing devastation of Hurricanes Nate, Irma and Harvey, LeaseQ is offering equipment financing with no payments for 90 days for business owners needing to quickly replace equipment in the wake of the natural disasters. Multiple... Read Story
October 11, 2017, 07:00 AM


The equipment leasing hell-or-high-water clause is “on trial” and you - the audience - will decide its fate at the Equipment Leasing and Finance Association (ELFA) Convention in Orlando.  The mock trial, taking place at 3 p.m. on Monday Oct. 23, will... Read Story
October 10, 2017, 07:18 AM


Odessa announced that Compeer Financial (“Compeer”) has selected LeaseWave to provide end-to-end automation for their asset finance portfolio. Compeer will move off its legacy system and unify its front and back-end in the LeaseWave system, creating... Read Story
October 10, 2017, 07:03 AM


CIT Bank, N.A., the bank subsidiary of CIT Group announced that it has reached an agreement to sell its reverse mortgage servicing business, Financial Freedom, and its reverse mortgage portfolio to an undisclosed buyer. The transaction includes the... Read Story
October 09, 2017, 07:18 AM


Five years ago, CLE Capital – formerly known as CLE Leasing - was a Canadian company embarking on a major shift: consolidating its presence in Canadian markets outside Quebec. Today, CLE Capital is a subsidiary of Hitachi Capital America and together... Read Story
October 06, 2017, 07:00 AM


Nancy J. Foster plans to join RMA November 28, 2017 and will be appointed President and CEO of The Risk Management Association (RMA), effective January 1, 2018. The announcement was made today by Robert R. Messer, RMA Chair. Ms. Foster, 56, had been... Read Story
October 05, 2017, 07:10 AM


Equipment and accounts receivable finance company, Commercial Credit, Inc., parent company of Commercial Credit Group Inc. (CCG) and Transfac Capital, has made the Business North Carolina Mid-Market Fast 40 List for the sixth year in a row. To... Read Story
October 05, 2017, 07:04 AM


The opinions of business leaders including company chief executive officers, directors, chairmen and presidents paint a detailed picture of a developing and dynamic market. Their views are revealed in White Clarke Group’s new US Auto & Equipment... Read Story
October 04, 2017, 07:09 AM


First National Capital Corporation (FNCC) announced Q3 originations of $64.6MM to meet the needs of mid-sized and large corporate entities across the U.S. and Canada.Steve Enyeart, President of FNCC stated “Our strong Q3 results demonstrated  our... Read Story
October 04, 2017, 07:06 AM


LeaseAccelerator announced fully-automated, “push-button” support for transition accounting in the latest release of its software-as-a-service application. As the initial 2019 deadline for the new lease accounting standards approaches, companies are... Read Story
October 04, 2017, 07:00 AM


With the January 1, 2018 deadline for complying with the Financial Accounting Standards Board (FASB) new revenue recognition standard rapidly approaching, 60 percent of public companies said they are facing challenges in implementing the standard by... Read Story
October 02, 2017, 07:12 AM


Tamarack Consulting has recently taken five of its new clients live on Salesforce utilizing Tamarack’s proprietary Lease/Loan Origination Accelerator.   "We are excited about the growing momentum behind our Lease/Loan Accelerator for Salesforce,"... Read Story
October 02, 2017, 07:10 AM


State Bank Financial Corporation, the holding company for State Bank and Trust Company (“State Bank”), announced today that it has completed its merger with AloStar Bank of Commerce (“AloStar”), for $197.6 million in cash.  The merger was completed... Read Story
October 02, 2017, 07:00 AM


EverBank Vendor Equipment Finance, part of EverBank’s commercial financing division, will be making significant investments in its lending platform as part of the ongoing integration of the bank following its acquisition by TIAA, which closed in June... Read Story
September 28, 2017, 07:15 AM


A new weekly podcast series produced and hosted by Jonathan L. Fales, a director with The Alta Group, features movers and shakers both inside the global equipment leasing and finance industry and others relevant to the ways it is evolving. It is the... Read Story
September 28, 2017, 07:10 AM


As President Trump takes his tax reform message on the road and members of Congress continue to debate the structure and timing of a proposed bill, repeal of accelerated depreciation is the revenue raising provision that most tax, financial and other... Read Story
September 26, 2017, 07:26 AM


Eight months after he was named interim CEO of the Commercial Finance Association, Richard D. Gumbrecht has officially assumed the leadership post of the organization, it's newsletter TSL Express reports.  Gumbrecht was most recently the Chief Growth... Read Story
September 22, 2017, 07:19 AM


Element Fleet Management announced that The Hon. Brian Tobin, P.C., O.C., has been appointed Chairman of the Board of Directors. Element’s outgoing Chairman, Richard Venn, will remain a member of the Board and has stepped down from his previous role... Read Story
September 22, 2017, 07:00 AM


Crestmark secured three lease transactions totalling $10,300,000 for new clients in the first half of September. On Sept. 1, a $3,900,000 new lease transaction was completed with a property management firm in the western U.S. The financing will be... Read Story
September 21, 2017, 07:00 AM


Ivory Consulting Corporation announced that Iberia Corporate Asset Finance, a subsidiary of IBERIABANK, selected its flagship product, SuperTRUMP, to support the modeling and pricing of the complex, after-tax leases it provides to its clients.“We are... Read Story
September 21, 2017, 06:35 AM


Constellation Financing Systems, provider of software solutions for equipment and commercial finance companies, has acquired the business of Vision Commerce. Vision Commerce, based in St. Louis, Missouri, with customers throughout the United States... Read Story
September 20, 2017, 07:10 AM


First National Capital Corporation (FNCC), a full-service commercial equipment and aviation finance provider, has announced it has financed $21.7MM in construction equipment and crane acquisitions for the largest alternative energy construction... Read Story
September 20, 2017, 07:00 AM


The Canadian Finance & Leasing Association (CFLA) announced that Richard McAuliffe has been named chairman of the board of directors. The appointment was made at the 44th Annual General Meeting of the CFLA earlier this week. McAuliffe is senior vice... Read Story
September 18, 2017, 07:15 AM


Accruent announced that Jamba Juice, healthy lifestyle brand and global leader in handcrafted blends, will manage its large retail store portfolio with Accruent’s lease administration software. The new FASB/IASB standards are the most sweeping... Read Story
September 15, 2017, 07:05 AM


DLL announced the opening of its Dallas office. The new location will enable DLL to provide an even greater client experience to the dealers and end-user customers it serves in the region.“As our customers’ expectations continue to evolve, DLL is... Read Story
September 13, 2017, 07:19 AM


Selling Power Magazine has named First American Equipment Finance to its 50 Best Companies to Sell For list. First American earned placement on the list for its rankings compensation and benefits; hiring, sales training and sales enablement; and... Read Story
September 13, 2017, 07:00 AM


Two leading Alta consultants will be presenting at the Canadian Finance and Leasing Association (CFLA) annual conference Sept. 12-14 in Kelowna, BC, and The Alta Group is also an event sponsor. The consultants, Alta CEO John C. Deane and Hugh Swandel... Read Story
September 12, 2017, 07:10 AM


nCino, a worldwide leader in cloud banking, is the winner of the 2017 IDC FinTech Rankings Real Results Award in the category of Lending Transformation. In conjunction, nCino has earned a place on the 2017 IDC Financial Insights FinTech Rankings – an... Read Story
September 12, 2017, 07:03 AM


Tamarack & Reuben Creative team up to deliver a guide demystifying the Equipment Finance Software landscape.  The purpose of this guide is to provide an overview of the software applications generally used to run an equipment finance business.  This... Read Story
September 11, 2017, 07:00 AM


Mintaka Financial announced that it has received the ELFA’s 2017 Excellence in Operations and Technology Award with its fully connected platform for its independent partner originators. The partner solution includes an origination system containing a... Read Story
September 08, 2017, 07:12 AM


ECN Capital announced that it has closed the acquisition of Service Finance Holdings, LLC (“Service Finance”) on the terms previously announced.“As a founder of Service Finance, I am excited by the immediate benefits of our strategic partnership with... Read Story
September 08, 2017, 07:04 AM


NETSOL Technologies has appointed former BMW Group, Mercedes and Tesla Motors executive Georg Bauer to its newly established advisory board, effective September 1, 2017.Bauer has more than 30 years of experience in shaping financial services for... Read Story
September 07, 2017, 07:03 AM


Navitas Credit Corp. launched an advanced web quoting tool that will enhance equipment dealers and manufacturers ability to generate and deliver financing quotes to clients in highly customizable formats. The quoting app delivers a broad range of... Read Story
September 07, 2017, 07:00 AM


LeaseTeam announced that Whitney Equipment Finance, LLC, a subsidiary of Whitney Bank—a financial services institution specializing in commercial banking across the southern states—has selected ASPIRE as its end-to-end lease and loan management... Read Story
September 06, 2017, 07:15 AM


Ascentium Capital proudly hosted an Academy for Lease and Finance Professionals (ALFP) in Dover, New Hampshire. The ALFP is an intensive three-day event designed to prepare individuals for the Certified Lease and Finance Professional (CLFP) exam. The... Read Story
September 06, 2017, 06:37 AM


In 2007, the first online loans from OnDeck to small businesses in the United States created a new type of commercial lender, one that believed the Internet could revolutionize how small business owners access capital.  Today, OnDeck celebrates a... Read Story
September 01, 2017, 07:17 AM


Alfa, provider of asset finance software platform Alfa Systems, has been included in the FTSE 250 Index.The FTSE 250 is a capitalization-weighted index consisting of the 101st to the 350th largest companies listed on the London Stock Exchange, the... Read Story
September 01, 2017, 07:12 AM


VeriTread, The Heavy-Haul Marketplace, announced its partnership with Sumitomo Corporation of Americas (“SCOA”). SCOA together with Sumitomo Corporation plan to underwrite a $2.5 Million third-party allocation of new units for an undisclosed... Read Story
September 01, 2017, 07:00 AM


Fora Financial has been named to Inc.com’s list of the 5000 fastest-growing private companies nationwide for 2017. This marks the fourth consecutive year Fora Financial has made the acclaimed list, a distinction earned by only one out of ten honorees... Read Story
August 31, 2017, 07:05 AM


Chesswood Group Limited announced that it has exercised the remaining US$50 million accordion feature in its existing corporate revolving credit facility, increasing the facility to US$250 million.The facility matures in December 2019 and Chesswood... Read Story
August 30, 2017, 07:17 AM


Data is changing the way the world makes decisions about heavy equipment. The companies that are able to turn data into insights are winning. EquipmentWatch, the world leader in data, software and insights for the heavy equipment industry, launched... Read Story
August 30, 2017, 07:04 AM


Snap Finance, a fintech company and provider of lease-to-own financing at the point of sale to customers of eCommerce and brick-and-mortar merchants, has secured the largest bank revolving credit facility ever for a private consumer lease-to-own... Read Story
August 29, 2017, 07:09 AM


Beacon Funding recently released a recruitment video highlighting the talented staff and positive work environment cultivated at the company’s various offices nationwide.“Growing our team of talented people is always a priority. We are proud of the... Read Story
August 29, 2017, 06:44 AM


As Texas battles one of the worst storms to hit the state in decades, the Caterpillar Foundation is announcing a $300,000 donation to the American Red Cross to aid in immediate relief efforts. Hurricane Harvey, which made landfall as a Category 4... Read Story
August 28, 2017, 07:00 AM


Blue Bridge Financial announced that it has earned recognition as one of the fastest-growing private companies by Inc. Magazine on the prestigious 2017 Inc. 5000 list. "Our repeated recognition as one of the fastest growing companies in the United... Read Story
August 25, 2017, 07:02 AM


Collateral Specialists has launched its redesigned inspection portal:www.csina.com. The newly designed site is easier to navigate and creates a user experience that is greatly improved over the previous site, while introducing new technologies to... Read Story
August 25, 2017, 07:00 AM


The equipment leasing and finance industry in Latin America grew an average 4.8% in 2016 in United States dollars, an outstanding performance given the region’s overall economy, notes the latest Alta LAR 100 report by The Alta Group Latin American... Read Story
August 23, 2017, 07:10 AM


Cloud Lending Solutions announced major advancements to its end-to-end leasing solution, CL Lease™ for Self-Financed Lessors, Externally Funded Leases and Captives. CL Lease™ is designed as a customer-centric, cloud-based lease servicing application... Read Story
August 23, 2017, 07:05 AM


Inc. magazine ranked Navitas Credit Corp. No. 2,018 on its 36th annual Inc. 5000, the most prestigious ranking of the nation's fastest-growing private companies. The list represents a unique look at the most successful companies within the American... Read Story
August 23, 2017, 07:02 AM


With 64 percent growth over the last three years, Crestmark Bank was named among the fastest-growing private companies in the U.S., according to the 2017 Inc. 5000 list, published by Inc. magazine. For its fourth appearance on the annual list... Read Story
August 23, 2017, 06:00 AM


The total number of worldwide M&A deals is expected to exceed 50,000 in 2017, an increase of up to 8% over fiscal 2016, setting a record for worldwide annual announced deal count, according to a predictive analysis released by Intralinks, Inc., a... Read Story
August 21, 2017, 08:12 AM


Amur Equipment Finance (AmurEF), announced the company has entered into a new $75 million warehouse credit facility with Pioneers Gates LLC. AmurEF worked directly with Pioneers Gates, retaining no outside structuring agent for the agreement.... Read Story
August 18, 2017, 07:10 AM


LeaseTeam announced that it has been named to Inc. magazine’s 2017 Inc. 5000 list recognizing the fastest-growing privately held companies in America.“We are honored to be a part of the Inc. 5000 for the third year in a row,” said Jeff Van Slyke... Read Story
August 17, 2017, 07:10 AM


EquipmentWatch announced the third annual Residual Values Report. This one of a kind 26-page report provides residual value projections through 2022 for construction equipment, lift trucks, agricultural equipment, and commercial trucks, through a... Read Story
August 17, 2017, 07:07 AM


KeyBank’s Colorado market, Key Equipment Finance, and the KeyBank Foundation, all affiliates of KeyCorp announced the conclusion of the KeyBank Excel Summer Bridge Program at the University of Colorado Boulder, part of its combined $300,000... Read Story
August 16, 2017, 07:00 AM


Small business startups are twice as likely to be adding jobs and growing revenues than mature small employer firms, but due to higher credit risk are more likely to face financial shortfalls. That's according to The Federal Reserve Bank of New York... Read Story
August 15, 2017, 08:00 AM


Martha Ahlers, Chief Operating Officer of United Leasing & Finance (ULF,) recently announced the closing of a $350 million, multi-year senior secured revolving credit facility with an accordion expansion to $475 million with Bank of America, as Agent... Read Story
August 10, 2017, 07:00 AM


Editor's Note: The following press release is a revision to the originally posted press release. Enables Banks to Review All Credits and Focus on the Highest RisksPayNet is introducing PayNet Credit Review Express, a risk management tool which... Read Story
August 08, 2017, 07:00 AM


The American Society of Appraisers announces its Identification and Appraisal of Mining and Mineral Processing Equipment course being held on Wednesday, September 13, 2017 - Friday, September 15, 2017 in Tucson, AZ.Prepare to gain an advanced level... Read Story
August 07, 2017, 07:00 AM


The equipment leasing industry’s exclusive thought leadership video series featured exclusively on Equipment Finance Advisor is planning for its third season. Susan Carol, president of Susan Carol Creative, the program’s creator, is currently booking... Read Story
August 04, 2017, 07:00 AM


CG Commercial Finance has recently closed a new senior secured credit and securitization facility to fund mid and large ticket equipment finance transactions. The facility has immediate availability of $50MM with an accordion to $100MM and is funded... Read Story
August 02, 2017, 06:39 AM


CrowdFund Insider reported that Fundera released a new survey on the state of small business lending. The report asked small business owners about their experience with credit, lending, and financial resources.According to the CrowdFund Insider... Read Story
July 31, 2017, 08:00 AM


Capital One announced that it has closed a three-year, $50 million expandable senior secured revolving credit facility for 36th Street Capital Partners.“We are excited to provide 36th Street Capital with its inaugural credit facility,” said Dan... Read Story
July 27, 2017, 07:18 AM


Regents Capital Corporation was recently named as one of the 2017 Best Places to Work in Orange County. The independent equipment finance firm ranked as #27 in the small employer category.This county-wide survey and awards program was designed to... Read Story
July 26, 2017, 07:00 AM


Loeb Term Solutions announced  that it has solved growth issues for five unnamed companies by offering equipment financing solutionsLoeb Term Solutions financed over $9 Million worth of industrial machinery, helping companies within the metalworking... Read Story
July 21, 2017, 07:00 AM


FORTUNE and Great Place to Work announced that First American Equipment Finance is #6 among the Best Workplaces in New York with less than 1,000 employees.“It is an honor to be recognized as one of the Best Workplaces in New York,” said Alan Sikora... Read Story
July 19, 2017, 07:00 AM


Mitsubishi UFJ Financial Group says it is "evolving" beyond its traditional niche as a financer of energy projects in an effort to take on big lending rivals like Wells Fargo and J.P. Morgan in the market for receivables finance and asset-based... Read Story
July 12, 2017, 07:10 AM


Maxim Commercial Capital announced that it funded over 200 deals for small business owners in the second quarter of 2017. The financings enabled business owners across a wide-range of industries to complete high-profit projects, fund working capital... Read Story
July 12, 2017, 07:06 AM


International Decision Systems (IDS) announced the release of its Rapport 7.0 origination solution and InfoLease 10.3 portfolio management solution featuring new capabilities to help companies grow their businesses while driving more efficiency... Read Story
July 12, 2017, 07:00 AM


CIT Bank, the banking subsidiary of CIT Group announced a strategic partnership with Allstate. The joint venture, CIT Northbridge Credit LLC (CIT Northbridge), will provide revolving- and term-loan commitments from $15 million to $100 million to... Read Story
July 11, 2017, 07:20 AM


Ascentium Capital announced a record quarter in origination volume, reaching $255.7 million. This represents a 14.0% increase quarter-over-quarter. “Our people and our finance platform deliver unprecedented flexibility and speed. This enabled us to... Read Story
July 11, 2017, 07:09 AM


Mountain High Acquisitions Corp. (OTCQB: MYHI) announced that together with D9 Manufacturing, Inc. it is launching a pilot project aimed at providing a turnkey infrastructure model MYHI intends to roll out in highly promising cannabis markets such as... Read Story
July 10, 2017, 07:14 AM


According to an EY lease accounting survey, companies anticipate challenges to operationalize the required changes to comply with the new lease accounting standard, which will bring onto the balance sheet operating leases for assets such as real... Read Story
June 28, 2017, 07:20 AM


Wilmington Trust was recognized as “Overall Best Securitization Trustee of the Year” at the fourth annual US Securitization Awards ceremony, held in New York on May 23, organized by GlobalCapital, a news service focused on the international capital... Read Story
June 28, 2017, 07:07 AM


ENGS Commercial Capital, a division of ENGS Commercial Finance Co. (“ENGS”), announced that it closed on a $2.5MM factoring facility in the staffing space for an agency that provides skilled labor to the construction industry. In the last 90 days... Read Story
June 27, 2017, 06:57 AM


Franek Technologies, the leader in Laboratory Power Protection Systems and Uninterruptible Power Supply (LPS/UPS) systems, partnered with KWIPPED, allowing customers to lease their UPS equipment. Offering leasing is another way for the company to... Read Story
June 23, 2017, 06:56 AM


Utah’s leading publication, The Deseret News, released this year’s list of Utah’s best places to work and Onset Financial is in the top 25. The list includes how likely people would be to recommend their company to a friend. “This is something we are... Read Story
June 23, 2017, 06:15 AM


BB&T Corporation announced it has officially renamed the former Susquehanna Commercial Finance (SCFi) unit as BB&T Commercial Equipment Capital (CEC). The bank completed its acquisition of Susquehanna Bancshares Inc. effective Aug. 1, 2015. Since the... Read Story
June 21, 2017, 07:10 AM


Crestmark was honored by the 23rd Annual Communicator Awards with one Award of Excellence and four Awards of Distinction for its direct mail and collateral pieces to promote Crestmark’s financing solutions to small- and medium-sized... Read Story
June 21, 2017, 06:10 AM


DLL announced the launch of the Lease by the Hour™ solution in the U.S. market. As the newest addition to DLL’s Fleet Centric SM Leasing solution suite, Lease by the Hour is designed to provide customers with a flexible usage-based solution for... Read Story
June 20, 2017, 07:18 AM


Ivory Consulting Corporation and International Decision Systems (IDS) announced an integration between their respective leading equipment financing solutions, SuperTRUMP and Rapport, uniting complex after-tax modeling and pricing with equipment lease... Read Story
June 20, 2017, 07:05 AM


Fox Business reported a lawsuit against General Electric Company's Finance unit over its relationship with Thomas Petters will move to trial. According to the Fox Business report, Judge Paul Hyman refused to dismiss the federal lawsuit that accused... Read Story
June 16, 2017, 07:22 AM


Amur Equipment Finance (AmurEF), an independent equipment finance company headquartered in Grand Island, Nebraska, officially opened its Philadelphia office as part of a continuing nation-wide growth and expansion effort. The new office, located at... Read Story
June 16, 2017, 07:19 AM


EY announced that Founder and CEO David Gilbert of National Funding received the Entrepreneur Of The Year® 2017 Award in the Finance category in San Diego. The award recognizes entrepreneurs who are excelling in areas such as innovation, financial... Read Story
June 15, 2017, 07:03 AM


Commercial Credit Group announced the closing of a 144a privately-placed term asset-backed security (ABS) transaction. The $259,707,000 financing was placed with a broad group of institutional investors. The financing contracts supporting the... Read Story
June 15, 2017, 07:00 AM


Lendio announced a pilot agreement with Comcast Business designed to provide its small business customers with quick and easy access to capital. Through the collaboration, Comcast Business customers will have more streamlined access to Lendio’s... Read Story
June 14, 2017, 07:19 AM


RapidAdvance announced a new partnership with iPayment,  Inc.  Under terms of the agreement, iPayment will offer RapidAdvance's business lending solutions and alternative financing programs to its more than 140,000 merchant customers."We  are excited... Read Story
June 14, 2017, 07:10 AM


PayNet and Mirador announce an advanced integration of technology services for a mutual bank customer. This enhancement provides access to new predictive data and risk management tools that improve credit decisions and operational efficiencies in the... Read Story
June 13, 2017, 07:09 AM


GE announced that John Flannery, current President and CEO of GE Healthcare, has been named CEO of the company by the GE Board of Directors effective August 1, 2017 and Chairman and CEO effective January 1, 2018.  Jeff Immelt, Chairman and CEO, will... Read Story
June 12, 2017, 07:15 AM


Patricia M. Voorhees, a director with The Alta Group, is moderating a panel June 13 at the Commercial Equipment Market Council (CEMC) Innovation Summit in Laguna Beach, Calif., on digitization in asset finance. The panelists will discuss how... Read Story
June 12, 2017, 07:05 AM


Crestmark Bank, headquartered in Troy, Mich., has been recognized by Corp! Magazine as one of Michigan’s Economic Bright Spots for 2017. The award celebrates standout companies with continued economic growth, expansion and hiring over the last 10... Read Story
June 12, 2017, 07:03 AM


Beacon Funding announced that numerous employees from several departments have attended the Academy for Lease & Finance Professionals. Six team members have passed the exam distinguishing them as Certified Lease & Finance Professionals. By taking the... Read Story
June 12, 2017, 07:00 AM


Amazon (AMZN) announced Amazon Lending surpassed $3 billion in loans to small businesses to date since the program launched in 2011. Amazon Lending offers short-term business loans, for up to 12 months, to invited micro, small and medium businesses... Read Story
June 09, 2017, 07:32 AM


The Federal Reserve Board on Wednesday permanently barred Richard Henderson and Philip Cooper, former employees of Regions Bank, from the banking industry after both pled guilty to conspiracy to commit money laundering, and conspiracy to commit bank... Read Story
June 08, 2017, 07:18 AM


ECN Capital announced that it has entered into a definitive agreement to acquire Service Finance Holdings, LLC ("Service Finance"). Under the terms of the agreement, ECN Capital will pay C$410 million (US$304 million) in cash for Service Finance. In... Read Story
June 08, 2017, 07:15 AM


Balboa Capital announced it has been selected by KWIPPED, a comprehensive B2B equipment rental marketplace, to support KWIPPED’s nationwide network of equipment rental suppliers with custom-tailored financing solutions for their customers. According... Read Story
June 07, 2017, 07:10 AM


Ivory Consulting Corporation announced that K2 Capital Group LLC selected Ivory Consulting’s newest product, SuperTRUMP EXPRESS for Salesforce, to streamline their processes by pricing loans and sales type leases in Salesforce.“We are excited that K2... Read Story
June 07, 2017, 07:00 AM


Encina Capital Partners, LLC (“Encina”) and an affiliate of certain funds managed by Oaktree Capital Management, L.P. (“Oaktree Investor”) together announced today that they have launched Encina Equipment Finance, LLC (“EEF”), a new independent... Read Story
June 06, 2017, 07:17 AM


LeaseTeam announced that Sertant Capital, LLC, a full-service equipment lease company investing in domestic and international lease transactions, has selected ASPIRE™ as its end-to-end lease transaction management platform.Sertant Capital, LLC is led... Read Story
June 06, 2017, 07:07 AM


Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of OSG Billing Services (“OSG”), a leading provider of billing and customer communication... Read Story
June 06, 2017, 07:02 AM


Ritchie Bros. and Caterpillar launched a strategic alliance, originally announced in 2016, following the Ritchie Bros. acquisition of IronPlanet, a leading online marketplace for heavy equipment and other durable assets.  Under the alliance, Ritchie... Read Story
June 05, 2017, 07:03 AM


Andrew G. Mesches, a director with The Alta Group, will join speakers at the Equipment Leasing and Finance Association’s annual Credit & Collections Management Conference, “Shift Happens: Navigating the Future,” where he will moderate the panel... Read Story
June 05, 2017, 07:02 AM


Nearly half of U.S. firms using an Internet of Things (IoT) network have been hit by a recent security breach, which can cost up to 13% of smaller companies’ annual revenues, according to new survey data released today by strategy consulting firm... Read Story
June 02, 2017, 07:19 AM


Ritchie Bros. announced that it completed its acquisition of IronPlanet®. Ritchie Bros. acquired IronPlanet for approximately $758.5 million, subject to customary closing adjustments. The acquisition was financed through a combination of Ritchie Bros... Read Story
June 01, 2017, 07:16 AM


Martha Ahlers, Chief Operating Officer of United Leasing & Finance, announced the recent acquisition of Access Commercial Capital, based in Lake Success, New York.Access serves the equipment and transportation industries through direct and indirect... Read Story
June 01, 2017, 07:12 AM


Deere & Company has signed a definitive agreement to acquire the Wirtgen Group, a privately-held international company that is the leading manufacturer worldwide of road construction equipment. Headquartered in Germany, the Wirtgen Group has five... Read Story
June 01, 2017, 07:11 AM


Marlin Business Services Corp. announced that its Board of Directors has authorized a stock repurchase program of up to $10 million of its outstanding shares of common stock, replacing the stock repurchase program announced in July 2014. The manner... Read Story
May 31, 2017, 06:12 AM


According to the latest procurement intelligence report from Technavio, the global equipment financing services market is expected to grow at a CAGR of 5.2% over the next five years due to the need to maximize productivity and efficiency by adoption... Read Story
May 30, 2017, 07:07 AM


Loeb Winternitz Industrial Auctioneers announced they have facilitated the bulk sale of the assets located at Harris Silver & Sons, Inc. to Alter Trading Corporation, headquartered in St. Louis, MO.  "We are happy that we could provide added value in... Read Story
May 30, 2017, 07:05 AM


Brendan Gleeson, Group CEO of White Clarke Group, has won the ‘Personality of the Year’ award at the prestigious IAFN event held on the 23rd of May in London.The IAFN Awards dinner celebrates excellence and innovation within automotive leasing and... Read Story
May 30, 2017, 07:00 AM


Widening yields on middle-market loans is giving lenders more leverage to negotiate with middle-market borrowers, according to a report from Business Insider. The shift follows three quarters of downward pricing pressure characterized by agressive... Read Story
May 26, 2017, 07:17 AM


Westlake Financial Services announced a partnership with eOriginal, Inc., to digitally transform its auto dealer management system into an eContracting solution to improve the customer experience, and increase efficiency and accuracy, while... Read Story
May 25, 2017, 06:57 AM


Big Shoulders Capital funded a $3.7 million senior secured machinery and equipment term loan for a Manufacturer in Colorado. Big Shoulders was able to provide working capital for the borrower by unlocking the equity in the Company’s machinery and... Read Story
May 25, 2017, 06:08 AM


Hitachi Business Finance, a division of Hitachi Capital America Corp., has expanded its financing solutions to include syndicated lending and in the past quarter, provided $65 million to three U.S. companies. Hitachi Business Finance offers hold... Read Story
May 19, 2017, 07:14 AM


LeaseQ, an online marketplace and finance platform connecting business owners, equipment sellers, and lenders to make selling and financing equipment fast and easy, announced plans to double the size of the company in 2017 with 19 new hires, service... Read Story
May 18, 2017, 11:16 AM


CT Lien Solutions is now Wolters Kluwer’s Lien Solutions. The move reflects Wolters Kluwer’s strong support of Lien Solutions’ long-term growth strategy to deliver proven, expert solutions and services to a broad range of financing organizations as... Read Story
May 18, 2017, 07:08 AM


EY announced that Gregory J. Owens, IronPlanet® Chairman and CEO, is a finalist for the Entrepreneur Of The Year® 2017 Award in Northern California. The awards program, which is celebrating its 31st year, recognizes entrepreneurs who are excelling in... Read Story
May 18, 2017, 07:03 AM


AP Equipment Financing announced the successful implementation of DocuSign electronic documents and eOriginal document vaulting. DocuSign and eOriginal, are industry leaders in digital signature authentication and electronic document management... Read Story
May 18, 2017, 06:38 AM


Ascentium Capital LLC announced surpassing $3 billion in origination volume since the Company’s inception in August 2011. “This milestone represents the doubling of our funded volume in less than two years. It is gratifying that our forward-looking... Read Story
May 17, 2017, 08:00 AM


BlackRiver Business Capital, an Austin – based direct lender in the commercial equipment finance industry, announced that it closed a new credit facility of up to $20,000,000 with SunTrust Bank.“BlackRiver Business Capital has grown rapidly since our... Read Story
May 17, 2017, 07:54 AM


Business Credit Reports Inc., an independent provider of business credit information in the U.S., has announced a new line of comprehensive business credit reports. Designed by and for credit professionals, BCR’s entire line of 20 proprietary company... Read Story
May 17, 2017, 07:42 AM


MediXall Group Inc., a technology and innovation-driven organization purposefully designed and structured to bring effective change to the U.S. healthcare industry announced today that it will be offering financial products to its MediXaid® platform... Read Story
May 17, 2017, 07:00 AM


Amur Equipment Finance (AmurEF), a 2016 Top Ten commercial equipment finance company, was honored to host Congressman Adrian Smith at the company's Grand Island headquarters. Congressman Smith represents Nebraska's Third District and is a sitting... Read Story
May 15, 2017, 06:44 AM


LexisNexis® Risk Solutions has identified a growing trend among lenders that serve small businesses—namely, the difficulty of tracking changes in the status of their risk profile.  A suite of products, including Small Business Monitoring, assists... Read Story
May 12, 2017, 07:02 AM


In an unprecedented cross-industry partnership, Ohio-based flagship companies are launching a new global Fintech (financial technology) accelerator.KeyBank, Progressive, The Kroger Co., Grange Insurance, Huntington, FifthThird, First Federal Lakewood... Read Story
May 11, 2017, 07:17 AM


EquipmentWatch, the world leader in asset valuation for the equipment finance industry, now offers Orderly Liquidation Values (OLV) for construction, lift & access, and agricultural equipment as part of its existing values solution. This new... Read Story
May 11, 2017, 07:07 AM


Navitas Credit Corp. announced the launch of www.navitaslending.com, designed to meet the diverse financing needs of the small to mid-size business sector.Navitaslending.com provides a single destination for business owners to access the best... Read Story
May 10, 2017, 07:05 AM


Balboa Capital has opened a new office location in Spokane, Washington to better serve its existing and future customers in the Pacific Northwest. The Spokane office opened its doors on May 1st, 2017 as Balboa Capital’s fourth office location; the... Read Story
May 09, 2017, 07:15 AM


Mintaka Financial announced that TEAM Funding Solutions has joined as an origination partner. TEAM Funding joins 10 other small business lending organizations that comprise the Mintaka Financial equity stakeholder group.  “Mintaka Financial is... Read Story
May 09, 2017, 07:07 AM


A former senior vice president at Regions Bank has agreed to plead guilty to conspiracy charges in a $5 million bribery and wire fraud scheme, announced Acting U.S. Attorney Robert O. Posey and FBI Special Agent in Charge Roger C. Stanton.The U.S.... Read Story
May 08, 2017, 07:16 AM


CIT Group announced that its Direct Capital business, known for its proprietary online lending platform and market-leading customer service, has provided more than $4 billion in equipment financing and working capital loans since its inception in... Read Story
May 05, 2017, 07:14 AM


ENGS Commercial Finance announced that it has launched a secure electronic signature (“E-Signature”) documentation solution for its dealers and customers. This solution, among the first of its type in the commercial equipment finance space, provides... Read Story
May 04, 2017, 07:10 AM


Ascentium Capital issued a $237 million small ticket equipment securitization. Ascentium Equipment Receivables 2017-1 Trust featured a senior-subordinated structure with “Aaa” ratings from Moody’s and Kroll.This transaction represents the Company’s... Read Story
May 04, 2017, 07:05 AM


Crestmark announced the closing of four lease transactions totalling $5.9MM in the second half of April. The transactions closed include: A $1,300,000 new lease transaction was completed on April 20 with a publishing company in the eastern U.S.... Read Story
May 03, 2017, 07:02 AM


Maxim Commercial Capital announced that it funded nearly 300 transactions for small business owners in the first quarter of 2017.  The financings enabled business owners across a wide-range of industries to acquire equipment, fund working capital... Read Story
May 02, 2017, 07:09 AM


U.S. venture capital (VC) investment in fintech companies rose to $1.2 billion in Q1’17, driven by late-stage deals, which reached the highest activity since Q1’16, according to KPMG International’s Q1 2017 The Pulse of Fintech report. Non-VC fintech... Read Story
April 28, 2017, 07:05 AM


TCF Financial Corporation announced that its Board of Directors elected Craig R. Dahl, TCF’s president and chief executive officer, to the additional role of chairman of the board, effective immediately. Dahl succeeds William A. Cooper, who served as... Read Story
April 28, 2017, 07:00 AM


Ascentium Capital announced receiving the FinTech Breakthrough Award for the Best Business Lending Platform. The mission of the FinTech Breakthrough Awards is to honor excellence and recognize the success of FinTech companies, technologies and... Read Story
April 27, 2017, 07:10 AM


DLL has been named one of the 2017 Top Workplaces in the Delaware Valley by Philly.com for the second year in a row. Based solely on the results of surveys completed by employees, DLL has again been recognized as one of the top 25 large businesses in... Read Story
April 25, 2017, 07:10 AM


KWIPPED, the online b2b equipment rental marketplace, announced the company will be launching an equipment leasing program. KWIPPED's proprietary platform technology facilitates equipment rentals between businesses, organizations and professionals... Read Story
April 24, 2017, 07:05 AM


First American Equipment Finance has been named as one of the Best Companies to Work for in the state of New York for the sixth consecutive year. “It is an honor to be acknowledged as one of the Best Companies to Work for in New York,” said Alan... Read Story
April 21, 2017, 07:05 AM


ApplePie Capital, the first online lender solely dedicated to the franchise industry, announced the appointment of franchise industry veteran Ronald Feldman as chief development officer, as well as the acquisition of Funding Solutions, LLC, a... Read Story
April 20, 2017, 07:19 AM


Engs Commercial Finance (“ENGS”) announced that it has closed a $100MM securitization warehouse facility with the Bank of Montreal (“BMO”) as Lender and BMO Capital Markets Corp. as Agent. This facility adds incremental liquidity to ENGS’ existing... Read Story
April 20, 2017, 07:15 AM


Regents Capital was recently honored as one of Monitor’s Top 25 Private Independents for 2017 based on Regents 30.4% growth in annual funded new business volume in 2016. Regents Capital’s rankings in Monitor’s Top 25 Private Independents... Read Story
April 20, 2017, 07:00 AM


Ivory Consulting Corporation announced that Bridge Funding Group, Inc., a subsidiary of BankUnited, N.A., has selected its flagship product, SuperTRUMP, to support the modeling and pricing of the complex, after-tax leases Bridge Funding Group... Read Story
April 19, 2017, 07:10 AM


ENGS Commercial Finance announced that it has added PNC Bank (“PNC”) and its $75MM commitment to its $455MM ABL credit facility. PNC will assume the roles of Syndication Agent and Joint Lead Arranger on the transaction. The ABL facility is agented by... Read Story
April 18, 2017, 07:15 AM


A Grant Thornton LLP survey of more than 1,000 U.S. business executives reveals the strategic priorities and approaches to growth of leading companies. The report finds “leader” companies – those with sustained earnings and revenue growth – are... Read Story
April 18, 2017, 07:00 AM


Tamarack has added Channel Partners Capital as its newest client to utilize Tamarack’s Lease/Loan Origination Accelerator on Salesforce.Channel Partners, a leading provider of small business working capital loans, will benefit from added flexibility... Read Story
April 17, 2017, 07:15 AM


DecisivEdge, a business consulting and technology services company and Gold level member of Oracle PartnerNetwork (OPN), announced the launch of its Lending and Leasing as a Service (LLaaS) product, powered by Oracle. LLaaS is a simple, flexible... Read Story
April 14, 2017, 07:00 AM


Fidelity Capital, a company providing a range of equipment leasing and financing services for clients in a variety of industries, announced a number of new services it is now capable of offering to its clients. The new services involve financing for... Read Story
April 13, 2017, 07:00 AM


A significant proportion of U.S. non-bank financial institutions (NBFIs) would be adversely affected by an accelerated and higher-than-anticipated increase in U.S. interest rates, says Fitch Ratings. The impact on U.S. NBFIs of U.S. interest rates... Read Story
April 12, 2017, 07:15 AM


Ascentium Capital announced first quarter funded volume reached $225.1 million representing 25.5% growth and managed $1.6 billion in assets, representing a 37.7% increase year over year in the first quarter 2017. Ascentium Capital also experienced a... Read Story
April 11, 2017, 07:20 AM


LEAF Commercial Capital announced the launch of its newly redesigned corporate website, LEAFnow.com.The result of a yearlong planning and development process, the new LEAFnow.com incorporates the latest design thinking and advanced technology to... Read Story
April 11, 2017, 07:12 AM


EY announced that Gregory J. Owens, IronPlanet Chairman and CEO, is a semifinalist for the EY Entrepreneur Of The Year® 2017 Northern California Region Award. Now celebrating its 31st year, the awards program recognizes entrepreneurs in over 145... Read Story
April 07, 2017, 07:04 AM


Summit Commercial Finance announced the launch of their new website to better serve the vendors and businesses they serve in the small ticket equipment finance market space. “For small business owners, funding new equipment needs to be a simple and... Read Story
April 07, 2017, 07:00 AM


Ascentium Capital was announced as the largest private independent finance company in annual funded new business volume by Monitor. Ascentium Capital rose from third place to first in the rankings during 2016, with year-end funded volume reaching... Read Story
April 06, 2017, 07:15 AM


FICO has launched FICO® Origination Manager Essentials to help smaller financial institutions make faster, smarter small business lending decisions. Delivered as a cloud service, the easy-to-use loan origination system streamlines and automates the... Read Story
April 06, 2017, 07:11 AM


Ivory Consulting Corporation announced that Live Oak Clean Energy Financing LLC, a subsidiary of Live Oak Bancshares, Inc., selected Ivory Consulting’s flagship product, SuperTRUMP, to support its newly formed utility-scale solar subsidiary in the... Read Story
April 04, 2017, 07:00 AM


Bankers Healthcare Group (BHG) ranked #9 out of the country's 40 Best Companies in Financial Services, as reported by Fortune magazine and evaluated by Great Place to Work®. Financial firms were recognized for exceptional workplace culture. BHG... Read Story
April 03, 2017, 07:09 AM


Hitachi Business Finance, a division of Hitachi Capital America Corp. recently provided $4.5 million to three growing U.S. companies seeking working capital solutions.Of the new clients that received financing, the first offers energy saving... Read Story
April 03, 2017, 07:00 AM


Cloud Lending Solutions announced it has upgraded its end-to-end suite of lending products CL Loan™, CL Lease™, CL Originate™ and CL Collections™ on the Salesforce AppExchange, empowering businesses to connect with their customers, partners and... Read Story
March 31, 2017, 06:17 AM


GE announced that it has closed the sale of its French consumer finance business, GE Money Bank, and its operations in the French Overseas Territories (the DOMs) to an affiliate of Cerberus Capital Management L.P. The transaction represents ending... Read Story
March 29, 2017, 07:12 AM


LeaseTeam announced that Union Equipment Finance, LLC., a wholly owned subsidiary of Union Bank & Trust, has selected ASPIRE as its end-to-end lease and loan management platform. As current LeasePlus and ASPIRE v4 users, Union Equipment Finance, LLC... Read Story
March 29, 2017, 07:05 AM


Monroe Credit Advisors LLC announced that it has recently placed $87.5 million of lease financing for four separate clients representing a variety of industries and leasing products.  “We experienced strong demand for our lease advisory services in... Read Story
March 28, 2017, 07:15 AM


Macquarie Capital, the corporate advisory, capital markets and principal investing arm of Macquarie Group (“Macquarie”) announced the closing of the first non-recourse project financing of battery-based energy storage systems with CIT Bank. The... Read Story
March 28, 2017, 07:10 AM


First National Capital Corporation (FNCC), a full-service commercial equipment and aviation finance provider, has announced the opening of a new office in Anaheim Hills, California.The Anaheim Hills office accelerates and supports FNCC’s growth and... Read Story
March 27, 2017, 07:15 AM


Clients of Alfa continue to feature prominently in Asset Finance 50, the UK’s most influential annual survey of business and equipment lessors.Six of the top ten of the A50 list (banking groups version) are Alfa clients, and this improves on... Read Story
March 27, 2017, 07:07 AM


Most business executives want to see the Affordable Care Act repealed, a survey of CEOs, chief financial officers and other senior-level CPAs by the American Institute of CPAs found. But they also expect their company’s health care expenses to rise... Read Story
March 24, 2017, 07:04 AM


From the first quarter Phoenix Management “Lending Climate in America” Survey, results continue to show a positive outlook on the U.S. economy in both the near and long term.Lenders optimism on the U.S. economy for the near term increased this... Read Story
March 23, 2017, 07:16 AM


Navitas Credit Corp., a national commercial finance company, announced the launch of its iOS tablet platform, My Navitas HD, designed to provide 24X7 support for its financing customersMy Navitas HD allows immediate access to the Navitas servicing... Read Story
March 22, 2017, 06:55 AM


Business leaders are skeptical of Congressional predictions that U.S. tax reform will come by this summer, with more than half (53 percent) predicting that significant business tax reform won’t arrive until 2018, according to a recent poll by KPMG... Read Story
March 20, 2017, 07:17 AM


DLL has launched its bluepaper, ‘Tapping into the potential of the Internet of Things’. The finance company believes in the business potential of this data centric technology trend and hopes to inspire its partners through sharing concrete cases in... Read Story
March 20, 2017, 07:12 AM


New research from North Carolina State University and the American Institute of CPAs (AICPA) finds most executives see risks increasing in both number and complexity – but those same executives say their organizations’ risk management efforts may not... Read Story
March 20, 2017, 07:04 AM


An annual Capital One survey found that despite overall economic uncertainty, more than three-quarters of asset-backed securities (ABS) professionals (81 percent) expect buy-side interest to increase in the coming year—a nearly 50 percent increase... Read Story
March 17, 2017, 07:15 AM


DLL announced the launch of a new career website www.workingatdllgroup.com. The new site hosts many optimized improvements that allow job seekers to apply for positions more easily across DLL’s global network.“With offices in more than 30 countries... Read Story
March 17, 2017, 07:05 AM


First American Equipment Finance announced that in fiscal 2016, the company grew new business volume by 46%, which is the company’s 4th straight year of greater than 25% growth. New business grew to $605 million in 2016.  First American added 30 new... Read Story
March 16, 2017, 07:08 AM


Great Lakes Asset Solutions, one of the Nation’s leading commercial repossession groups based out of Lockport, NY has started their 4th expansion of their offices in the past year.  Adding additional employees, growing the repossession work forces by... Read Story
March 15, 2017, 07:08 AM


The Alta Group CEO John C. Deane is presenting at the ELFA-IMN Investors' Conference on Equipment Finance March 22 in New York on a panel providing an outlook on capital markets, current trends and market conditions, as well as a look back at... Read Story
March 15, 2017, 07:06 AM


Genpact has acquired LeaseDimensions, a Portland, OR-based, lease and loan servicing company with services across Business Process Management (“BPM”) and Information Technology (“ITO”)  Genpact announced that it has acquired LeaseDimensions, a... Read Story
March 13, 2017, 07:00 AM


Arvest Equipment Finance (AEF) recorded a second consecutive year of at least 25 percent growth in volume, the division of Arvest Bank announced.After seeing a jump of more than 27.9 percent in loans and leases from 2014 to 2015, AEF ended 2016 with... Read Story
March 10, 2017, 07:00 AM


Chesswood Group, an equipment finance provider for small and medium-sized businesses throughout North America, reported record net income and operating earnings for 2016. Net income for 2016 of $24.3 million was up more than 22% from fiscal 2015... Read Story
March 09, 2017, 07:35 AM


The Innovative Lending Platform Association (ILPA) and the Coalition for Responsible Business Finance (CRBF) announced they are joining forces and will now operate as the ILPA – the leading trade organization representing a diverse group of online... Read Story
March 06, 2017, 07:10 AM


Patricia M. Voorhees, a director with The Alta Group, is presenting at this year’s LendIT USA 3:10 p.m. March 7 at the Javits Center in New York City to highlight new trends in equipment leasing and finance for a Fintech audience estimated to reach... Read Story
March 06, 2017, 07:08 AM


White Clarke Group announced the publication of their 20th annual Global Leasing Report and summary video, the world’s only guide to the top 50 leasing markets, summarizes leasing volumes and other market trends.The report reveals an optimistic... Read Story
March 02, 2017, 06:50 AM


Med One Capital, a medical equipment finance and rental provider, is now known as Med One Group. Utah-based Med One Capital has undergone a brand review and unveiled its new name, logo, and website to support its evolution as a leading medical... Read Story
March 01, 2017, 07:12 AM


Quiktrak, a global leader in asset verification and inventory audit solutions, has announced that South African industry leader WesBank has selected them as the vendor of choice to provide the Revoquest inventory audit solution for their dealer-based... Read Story
March 01, 2017, 07:10 AM


Odessa Technologies announced that Arrendadora y Factor Banorte has selected LeaseWave from Odessa Technologies to provide end-to-end automation for their asset finance portfolio. With LeaseWave, Arrendadora y Factor Banorte will have a flexible... Read Story
March 01, 2017, 07:00 AM


LeaseAccelerator announced the results of a Progress Report study gauging the readiness of large companies to support the new lease accounting standards (ASC 842) one year after their initial publication. The research study, conducted earlier this... Read Story
February 28, 2017, 07:10 AM


Stonebriar Commercial Finance (Stonebriar), a leading independent middle market commercial finance company announced the closing of its third securitization transaction, SCFET 2017-1, for approximately $340 million. SCFET 2017-1 marks the third... Read Story
February 27, 2017, 07:10 AM


Loeb Winternitz Industrial Auctioneers and Yellen Partners announced this week that they have facilitated the sale of the assets of Paramount Machining Solutions as a complete operation, to Global Manufacturing Industries. As a result, any scheduled... Read Story
February 27, 2017, 07:00 AM


An online survey conducted by Balboa Capital revealed that 9 in 10 small business owners prepared for the 2017 tax season early. 40% of small business owners surveyed expect to receive a business tax refund and, among them, 83% plan on putting it... Read Story
February 24, 2017, 07:00 AM


Total funding for U.S. fintech companies and deal activity dropped significantly in 2016, down to $12.8 billion from $27 billion in 2015, a result of political and regulatory uncertainty, a decline in megadeals and investor caution, according to... Read Story
February 23, 2017, 07:10 AM


Regents Capital was recently ranked on Entrepreneur's Top Company Cultures list, a comprehensive ranking of U.S.-based businesses exhibiting high-performance cultures created in partnership with culture management software and service provider... Read Story
February 23, 2017, 07:08 AM


Isuzu Finance of America accomplishes a milestone of 10 years in business as the financial captive for Isuzu Commercial Trucks of America, Inc.  As part of this year’s celebration Isuzu Finance is recognizing loyal customers who have leased or... Read Story
February 23, 2017, 07:01 AM


Entrepreneur Magazine and Culture IQ released its premier Top Company Culture list, and First American Equipment Finance ranked #14 among high performance cultures with 100+ employees in the U.S.  Read the full article here. To develop the ranking... Read Story
February 22, 2017, 07:00 AM


According to a Reuters report, in an interview with IFR, Stonebriar Commercial Finance President and CEO Dave Fate said that the company wants to become a regular fixture in the U.S. structured finance market and may look to sell investment-grade... Read Story
February 21, 2017, 07:11 AM


Cloud Lending Solutions announced that it had closed its latest financing round led by Cota Capital, with all existing investors participating. The proceeds will be used to continue its global expansion and to further develop its industry-leading... Read Story
February 21, 2017, 07:08 AM


CG Commercial Finance announced a strong close to their 2016 fiscal year with nearly $80,000,000 in fourth quarter originations.  With more than $35,000,000 of those originations held on the company’s balance sheet, fueled by the recent capital... Read Story
February 17, 2017, 07:12 AM


Commercial Credit Group Inc. (CCG) announced the purchase of the machine tool finance business of Manufacturers Capital, LLC., thus expanding into the machine tool and manufacturing industry. With the closing of the transaction, the Manufacturers... Read Story
February 16, 2017, 07:12 AM


Madison Capital recorded its best growth year ever in 2016. Originations over the one year period increased by 50% over the prior year and assets under management grew by 24%.  Contributing factors included the development of new financing programs... Read Story
February 14, 2017, 07:17 AM


Ivory Consulting Corporation announced that the Equipment Financing Division of WNB Specialty Finance selected the web version of its flagship product, SuperTRUMP, to support the modeling and pricing of the complex, after-tax leases it provides to... Read Story
February 14, 2017, 06:51 AM


LEAF Commercial Capital reported strong year-over-year results for 2016. Highlights include: 23% increase in originations 17% increase in assets under management 50% increase in income Outstanding portfolio performance with only .77% of 31+... Read Story
February 13, 2017, 07:18 AM


Wave, a leading provider of financial services and software for small businesses, and OnDeck® announced a partnership in which Wave will offer OnDeck business loans and lines of credit to its customer base. The new offering, "Lending by Wave," will... Read Story
February 13, 2017, 07:00 AM


Three equipment leasing industry veterans are pleased to announce the launch of TCS Equipment Finance. TCS is an independent equipment leasing company providing customized equipment leasing solutions for large and small businesses across all... Read Story
February 10, 2017, 07:15 AM


Following years of sluggish economic recovery, business leaders believe 2017 stands to usher in a long-awaited acceleration in growth. According to "America's economic engine - Breaking the cycle," Deloitte's 2017 report on business and economic... Read Story
February 10, 2017, 07:02 AM


Alfa, the creator of Alfa Systems, has announced a new partnership with influential database company NuoDB, the elastic SQL database company. This affiliation will bring value to Alfa’s clients in the form of improved availability, better performance... Read Story
February 09, 2017, 07:12 AM


Hitachi Capital America announced a very strong performance for 2016 with plans for continued expansion in 2017.   Highlights of the company’s core growth include: $3.8 billion in funded volume, an increase of 65 percent from 2015 $2.8 billion in... Read Story
February 08, 2017, 07:40 AM


Flushing Financial Corporation, the parent holding company for Flushing Bank, announced that the Bank has hired Michael C. Nedder to lead its newly formed Equipment Financing business unit.John R. Buran, President and Chief Executive Officer stated:... Read Story
February 07, 2017, 07:15 AM


Bill Stephenson, DLL CEO and chairman of the executive board, was presented with the 2017 Associated Equipment Distributors (AED) Chairman’s Award at the AED Summit in Chicago on January 12. The Award recognizes a person or company that has provided... Read Story
February 07, 2017, 07:07 AM


Caterpillar announced it will locate a limited group of senior executives and support functions in the Chicago area later this year and reaffirmed the ongoing importance of its presence in Peoria and Central Illinois. “Caterpillar’s Board of... Read Story
February 03, 2017, 06:47 AM


Wintrust Commercial Finance (WCF) celebrated its first full fiscal year of operations in 2016.  Key achievements for the year include: WCF ended 2016 with over $450MM in assets which allowed it to exceed its growth and profit targets for the... Read Story
February 01, 2017, 07:10 AM


Lovell Minnick Partners, a private equity firm specializing in financial and related business services companies, today announced that it has made a growth capital investment in Currency Capital, LLC, a leading online equipment financing exchange... Read Story
January 31, 2017, 07:15 AM


Regents Capital Corporation reported a 35% Y/Y funded volume growth and a 100% Y/Y increase in company size and service offerings in 2016. Regents attributes their rapid growth and success to their investment of newly acquired capital towards direct... Read Story
January 31, 2017, 07:04 AM


Odessa Technologies announced it will host the LeaseWave2017 User Conference from June 14-16 at the Hotel Sofitel in Philadelphia. Customers, prospective customers, partners and industry thought leaders will come together to collaborate and learn... Read Story
January 31, 2017, 06:00 AM


Mitsubishi UFJ Lease & Finance (U.S.A.) Inc. Corporate Asset Finance Division (MULUSA CAF) announced its 2016 results which included 13 closed transactions totaling $110 million, exceeding goals for the business which launched nine months ago on... Read Story
January 27, 2017, 07:00 AM


The Commercial Finance Association announced that Bob Trojan has, effective immediately, discontinued his affiliation with CFA and Richard Gumbrecht has been appointed Interim CEO.Gumbrecht was most recently the Chief Growth Officer at EverBank... Read Story
January 26, 2017, 07:17 AM


CG Commercial Finance has announced aggressive growth plans moving into 2017 and beyond. With the recent capital investment from funds managed by Atalaya Capital Management LP, the company is deploying a growth strategy that involves extensive... Read Story
January 26, 2017, 07:14 AM


Congratulations are in order to the volunteers, sponsors, and contributors who helped the Chris Walker Education Fund achieve its annual goal.  The foundation’s goal for 2016 was to have $50,000 available for distribution and to award $10,000 in... Read Story
January 25, 2017, 07:00 AM


Onset Financial's General Counsel, Scott Finlinson recently accepted an appointment to the Equipment Leasing & Finance Association Legal Committee. He will serve until November 2019. Before joining Onset Financial full-time, Finlinson was an... Read Story
January 25, 2017, 06:15 AM


Odessa Technologies announced the launch of the Partner Alliance Network, formalizing the certification process of third party consultants in Odessa’s products and implementation methodologies. The Partner Alliance Network will provide Odessa’s... Read Story
January 24, 2017, 07:04 AM


Regents Capital has launched a redesigned, fully responsive website at regentscapital.com. The website focuses on Regents’ commitment to providing results despite whatever equipment financing realities (cash concerns, collateral challenges... Read Story
January 24, 2017, 07:00 AM


Ascentium Capital was announced as a finalist in the Top Small Business Lending Platform category by LendIt, the world’s largest show in lending and FinTech. Finalists included companies that demonstrate a combination of loan performance, volume... Read Story
January 20, 2017, 07:15 AM


SS&C Technologies Holdings, a global provider of financial services software and software-enabled services, announced the availability of Fitch credit ratings to its popular managed data service SVC. Fitch Solutions is a leading provider of credit... Read Story
January 20, 2017, 07:03 AM


Fitch Ratings launches its Ratings Navigator for Non-Bank Financial Institutions (NBFIs) - a visual overview of all the factors affecting an NBFI's standalone rating, their relative importance and likely direction of movement. "Ratings Navigator is a... Read Story
January 19, 2017, 07:12 AM


Leading venture debt provider Trinity Capital Investment (Trinity) announced the expansion of its equipment lease financing operations. The company is reserving approximately $200 million for the purpose of leasing equipment to early stage, venture... Read Story
January 18, 2017, 07:15 AM


Key Equipment Finance Vice President Colleen Daly has joined the Equipment Leasing and Finance Association's communications committee, which guides the association's internal and external communications. Daly, who joined Key Equipment Finance in 2004... Read Story
January 17, 2017, 06:47 AM


Equipment Finance Advisor, the leading online publisher covering the equipment leasing and finance sector of the commercial finance, today announces the appointments of Chris Moraff as Associate Editor and Tracy Miller as Marketing Coordinator to the... Read Story
January 13, 2017, 07:15 AM


Balboa Capital announced the results of its Section 179 Tax Deduction survey, which was conducted to gauge small business owners’ understanding and usage of this IRS tax code, as well as their capital equipment investing plans for 2017. The survey... Read Story
January 12, 2017, 07:12 AM


Ascentium Capital reported $898.5MM in funded volume, representing a 28% increase over last year. Highlights for the company during 2016 included: Management of $1.2 billion in assets representing 33% growth  Launch of the Merchant Finance... Read Story
January 11, 2017, 07:19 AM


Quentin Cote, EVP, Mintaka Financial has been elected to serve a two-year term on the Equipment Leasing and Finance Association’s Small Ticket Business Council Steering Committee. Quentin has spent his career in the specialty finance sector, lending... Read Story
January 11, 2017, 07:10 AM


International Decision Systems (IDS) and KLC Financial announced their co-sponsorship of the upcoming Academy for Lease and Finance Professionals (ALFP) certification training.The ALFP three-day training and certification program, sponsored by IDS... Read Story
January 11, 2017, 07:02 AM


Priority One Financial Services, the recreational industry’s oldest and largest F&I outsourcing provider, will commemorate its 30th anniversary in business by celebrating and honoring their dealer partners.In 1987, entrepreneur, Lisa Gladstone... Read Story
January 05, 2017, 07:00 AM


Equipment Finance Advisor's offices will be closed on Friday, December 30th and Monday, January 2nd in observance of the New Year’s holiday. We wish all our readers, contributors, advertisers and colleagues a happy, healthy and prosperous 2017! Read Story
December 29, 2016, 07:00 AM


On Tuesday, December 13, service men and women from DLL presented approximately 1,200 new, unwrapped toys to the U.S. Marine Corps Reserve Toys for Tots Program. Bob Lohr, the program’s coordinator for Chester and Western Montgomery Counties... Read Story
December 28, 2016, 07:00 AM


Bizfi, the premier fintech company with a platform that combines aggregation, funding and a marketplace on a single platform for small businesses, announced that it has surpassed $2 billion in financing – through both growth and working capital – to... Read Story
December 23, 2016, 07:15 AM


Fifth Third Bancorp and EverFi announced a multi-year contract that will enable Fifth Third to offer financial education and entrepreneurship classes to high school students located within the 10 states where the Bank operates retail branches.“Fifth... Read Story
December 23, 2016, 07:06 AM


International Decision Systems (IDS announced the release of its Rapport 6.9 origination software including a new Mobile Enablement module that is designed to easily integrate across customers’ IT ecosystems and improve the user experience.Equipment... Read Story
December 22, 2016, 06:07 AM


Marlin Business Services announced that employees at the company’s headquarters and satellite locations donated hundreds of toys to benefit the U.S. Marine Corps Reserve Toys For Tots Program. Marlin has participated in the program for more than a... Read Story
December 20, 2016, 06:54 AM


According to a recent study by the National Center for the Middle Market (NCMM), more than half of U.S. middle market companies lack an up-to-date strategy to combat the cyber risks they face, with 30 percent having no action plan whatsoever. To help... Read Story
December 16, 2016, 07:03 AM


IronPlanet® announced that it has conducted a record-breaking number of annual inspections in 2016, with over 100,000 pieces of equipment evaluated and certified by its professional inspectors, which is more inspections than the company has ever... Read Story
December 14, 2016, 07:05 AM


Balboa Capital announced the results of its Q3 2016 Small Business Owner Survey, which was conducted to gain a better understanding of recent small business performance and small business owner expectations for the final weeks of 2016. The survey... Read Story
December 13, 2016, 07:10 AM


EquipmentWatch, the world leader in data, software and insights for the heavy equipment industry, has announced the finalists for the 2nd annual Highest Retained Value Awards. The awards recognize manufacturers in 28 heavy equipment categories –... Read Story
December 13, 2016, 07:06 AM


DLL announced the appointments of three new Executive Board members. The new appointees join Chief Executive Officer (CEO) Bill Stephenson and Chief Operating Officer (COO) Carlo van Kemenade to form the Executive Board of DLL.  All new appointments... Read Story
December 12, 2016, 08:00 AM


The Alta Group and Currency, founding sponsors of the Commercial Equipment Marketplace Council (CEMC), will host an East Coast roundtable Dec. 8 at Columbia University in New York on the ways FinTechs, equipment finance companies, lenders and... Read Story
December 08, 2016, 07:00 AM


Beacon Funding Corporation recently opened a new office in Chicago’s West Loop, neighboring Google’s new Midwest headquarters and the site of McDonald’s future campus. The new location comes just in time to welcome Beacon’s new Inside Sales Center... Read Story
December 08, 2016, 07:00 AM


The re-emergence of regional banks looking to expand services to existing manufactures and retailers is continuing to spur growth in the U.S. Floorplan Finance market. This is providing opportunities for many traditional retail lenders looking to... Read Story
December 08, 2016, 06:57 AM


Amur Equipment Finance (AmurEF), announced that Co-President and Chief Operating Officer Malia K. Du Mont has been elected to serve a two-year term on the Equipment Leasing and Finance Association’s Independent Middle Market Business Council Steering... Read Story
December 07, 2016, 07:05 AM


The credit quality of loans originated in the US by so-called marketplace lenders and backing new asset-backed securities (ABS) is unlikely to change meaningfully in 2017, Moody’s Investors Service says in its just-published outlook for the sector.... Read Story
December 07, 2016, 06:52 AM


CIT Group announced that Steven T. Mnuchin has resigned from its Board of Directors, effective immediately. His resignation follows President-elect Donald J. Trump’s announced intention to nominate Mnuchin as the next Secretary of the Treasury. “On... Read Story
December 05, 2016, 06:50 AM


Axis Capital has unveiled a new company name, logo and website - rebranding as Amur Equipment Finance (AmurEF). As part of the company’s 20th anniversary celebration, the corporate rebranding initiative reflects Amur Equipment Finance’s vision for... Read Story
December 01, 2016, 07:10 AM


BankFinancial Corporation announced its conversion to a Bank Holding Company registered with the Federal Reserve Board effective at the close of operations on November 30, 2016. Concurrently, its wholly-owned bank subsidiary will become BankFinancial... Read Story
December 01, 2016, 07:05 AM


Wells Fargo Commercial Distribution Finance (CDF), part of Wells Fargo & Company, announced today the official launch of CDFconnect™, a knowledge sharing program that delivers tools, subject matter experts, and training to help CDF’s network of... Read Story
December 01, 2016, 07:04 AM


American Lease Insurance Agency Corporation (ALI) is introducing Equipment Insurance Direct (EID), an online insurance resource for small-business equipment lessees throughout the United States. Through EID, lessees can easily obtain property and... Read Story
December 01, 2016, 07:00 AM


Navitas Credit Corp., a national commercial finance company, announced the corporate expansion of EZ-Docs, its electronic documents service, which completely digitizes the entire transaction delivery and management process.  The technology was... Read Story
November 30, 2016, 07:00 AM


QuickBridge, a financial services firm serving small- to mid-sized businesses, is pleased to announce its support of National Funding’s effort to send first responders and members of the military to this year’s National Funding Holiday Bowl on... Read Story
November 29, 2016, 07:08 AM


CHP Consulting, the makers of Alfa Systems, has announced it is to rebrand.  The company will now be known as Alfa, with an exciting new website alfasystems.com launched to accompany the new name. Andrew Denton, CEO of Alfa, explains: “This change... Read Story
November 28, 2016, 07:04 AM


DLL, a global provider of asset based financial solutions, received two awards during the Leasing Life convention in Paris. The financial solutions provider received the Vendor Finance Provider and the Sustainability award from Leasing Life, one of... Read Story
November 28, 2016, 06:58 AM


Jesse Johnson, senior sales executive at LeaseTeam, Inc., has been elected to serve a two-year term on the Equipment Leasing and Finance Association’s Service Providers Business Council Steering Committee.The Service Providers Business Council... Read Story
November 23, 2016, 07:00 AM


Bizfi announced they have originated more than $127 million in financing in the third quarter of 2016. The top sectors seeking financing through the Bizfi marketplace include manufacturing, retail, business-to-consumer (B2C) services (i.e. daycare... Read Story
November 23, 2016, 06:08 AM


Axis Capital announced that the company’s Co-President and Chief Operating Officer, Malia K. Du Mont, has been named the winner of the Bronze Stevie® Award  for Female Executive of the Year in the Business Services category for companies with... Read Story
November 22, 2016, 07:07 AM


ECN Capital Corp. reported that the Company’s CEO, Steven Hudson, has purchased $18.2 million in ECN Common Shares in the open market at an average price of $2.88 per share. He also exercised previously vested options to purchase 300 thousand common... Read Story
November 22, 2016, 07:03 AM


David S. Wiener of The Alta Group has been re-elected to serve on the Service Providers Business Council Steering Committee of the Equipment Leasing and Finance Association. This is the second two-year term for Wiener, an Alta Managing Director... Read Story
November 21, 2016, 06:44 AM


LeaseTeam announced that Quality Leasing Co., Inc. (Indianapolis, IN) has selected ASPIRE as its end-to-end lease and loan management solution.“Because of their well-known and respected industry reputation, LeaseTeam and ASPIRE were a natural choice... Read Story
November 16, 2016, 07:05 AM


Quick Bridge Funding LLC, a financial services firm serving small- to mid-sized businesses, is pleased to announce its expansion into the direct-to-business market with a new organizational identity. Quick Bridge Funding, now QuickBridge, intends to... Read Story
November 16, 2016, 07:00 AM


Asset quality and residual value reversion will loom over many consumer and commercial finance and leasing companies (FLCs) globally, underpinning Fitch's negative sector outlook for 2017. That said, manageable leverage across most issuers... Read Story
November 15, 2016, 07:09 AM


The National Association of Manufacturers (NAM) has announced that Caterpillar Group President of Resource Industries Denise Johnson has been elected to the NAM Board of Directors. Johnson will join the NAM Board for a two year term, beginning in... Read Story
November 14, 2016, 07:03 AM


Deloitte’s “2016-2017 Global CIO Survey” has uncovered a shift in business priorities from “business performance” to “customers,” with 57 percent of chief information officers choosing “customers” as their top priority, compared to only 45 percent... Read Story
November 14, 2016, 07:00 AM


Dedicated Commercial Recovery Inc. announces the election of Shane Davis to the National Equipment Finance Association's Board of Directors. “It's an incredible honor and opportunity to be elected to the Board of Directors for such a prestigious... Read Story
November 10, 2016, 07:00 AM


Ritchie Bros. announced that Beverley Briscoe, Chair of Ritchie Bros. Board of Directors, has been named to the 2016 National Association of Corporate Directors' (NACD) Directorship 100. This award honors the most influential boardroom leaders each... Read Story
November 09, 2016, 07:07 AM


Employees at Marlin Business Services Corp.’s headquarters in Mt. Laurel, NJ donated over three and a half tons of food during a month-long food drive challenge benefitting the Food Bank of South Jersey.  The majority of the 250 employees at Marlin’s... Read Story
November 09, 2016, 07:05 AM


LeaseTeam announced that D&D Leasing, a multinational commercial equipment finance provider, has selected ASPIRE as its end-to-end lease and loan management solution.“ASPIRE allows us to combine our Canadian and UK lease and loan management solutions... Read Story
November 08, 2016, 07:10 AM


The Associated Equipment Distributors (AED) named PricewaterhouseCoopers LLP (PwC US) and Accruit the preferred providers of like-kind exchange (LKE) services for the second consecutive year in 2016. For more than a dozen years, PwC and Accruit have... Read Story
November 08, 2016, 07:00 AM


Engs Commercial Finance closed a $198.6 million equipment securitization on November 4, 2016 through Engs  commercial Finance Trust 2016-1.  This is Engs’ second transaction since 2015, collateralized by a segregated pool of commercial loan contracts... Read Story
November 07, 2016, 07:15 AM


By 2020, companies will have shifted the majority of their R&D spending away from product-based offerings to software and service offerings, according to the 2016 Global Innovation 1000 Study from Strategy&, PwC’s strategy consulting business. The... Read Story
November 07, 2016, 07:10 AM


GE announced that it has completed the spin-off and merger of Bank BPH’s Core Bank to Alior Bank, representing aggregate ending net investment (ENI) of approximately $3.6 billion at the end of the third quarter 2016.  GE Capital retains the Bank BPH... Read Story
November 07, 2016, 07:00 AM


As of September 13, ECS Financial Services is accredited by the Better Business Bureau. The accreditation comes with an A+ rating for the financial company and highlights their commitment to providing excellent service to the leasing industry. “Our... Read Story
November 03, 2016, 07:02 AM


BDO USA, LLP, one of the nation’s leading accounting and consulting organizations, and CoStar Real Estate Manager, a division of CoStar Group, Inc. and a leading lease management software provider, announced a strategic alliance under which BDO and... Read Story
November 02, 2016, 07:07 AM


Balboa Capital moved its corporate headquarters to a new location in Costa Mesa, California to accommodate current and future planned growth. The company now occupies the entire top suite of a 12-story, contemporary office building at The MET Costa... Read Story
November 02, 2016, 07:00 AM


Steven Hudson, Chief Executive Officer of Element Financial Corporation, is this year’s Entrepreneur Of The Year™ Ontario winner.“Steven’s originality and innovation shines through in all he does,” says Paula Smith, EY partner and Entrepreneur Of The... Read Story
October 31, 2016, 07:17 AM


Axis Capital, Inc. (Axis), announced the closing of its fourth term securitization, issuing six classes of equipment lease and loan backed notes totaling $201,232,000.  This term securitization will enable Axis to continue to expand its market share... Read Story
October 28, 2016, 07:08 AM


Jeffrey B. Hecktman, Chairman and CEO of Hilco Global, announced the formation of Hilco Corporate Finance, LLC. This new operating company will provide professional, strategic, and financial advisory services associated with selling a business or... Read Story
October 27, 2016, 07:08 AM


Odessa Technologies announced the launch of Odessa AppStudio™, a low-code development platform that allows business users to extend LeaseWave and quickly build new custom business applications.  Odessa AppStudio™ will address the growing need faced... Read Story
October 26, 2016, 07:05 AM


ECS Financial Services, a full-service financial firm specializing in the equipment financing industry, recently passed its triennial American Institute of Certified Public Accountants’ (AICPA) peer review. Its participation and successful completion... Read Story
October 26, 2016, 07:00 AM


Wells Fargo & Company announced that Henry Jordan, the chairman and chief executive officer of Wells Fargo Capital Finance, will retire on December 31, 2016. Following Jordan’s retirement, Wells Fargo Capital Finance will join Wells Fargo Commercial... Read Story
October 25, 2016, 07:25 AM


LeaseQ, an online marketplace connecting business owners, equipment sellers, and lenders to make selling and financing equipment fast and easy, launched TruckQ, the first automated equipment leasing and finance platform for the commercial truck... Read Story
October 25, 2016, 07:08 AM


GSG Financial announced the launch of an electronic documentation platform via an integrated Digital Transaction Management Solution from DocuSign and eOriginal as an alternative to paper-based processing.  This innovation is part of a company-wide... Read Story
October 25, 2016, 07:03 AM


Merchant Advance Capital, a leading Canadian online lender announced its expansion into equipment leasing, a natural progression for one of Canada's largest business loan providers.This is the first time an alternative lender has offered equipment... Read Story
October 24, 2016, 07:10 AM


Axis Capital announced the company’s Vice President of Syndications, Mike Coon, has been reelected to serve on the National Equipment Finance Association’s (NEFA) Board of Directors for 2017. Mike will serve as Vice President on the Executive... Read Story
October 21, 2016, 07:10 AM


White Clarke Group has announced that it has been chosen as preferred supplier by Toyota Financial Services (UK) PLC to implement CALMS Digital Processing Solution including e-signature and e-identity.  From e-signatures to electronic identity... Read Story
October 20, 2016, 07:00 AM


Avolon, the international aircraft leasing company, announced the appointment of Denis Nayden to its Board as Vice Chairman and Chair of the Risk Committee. Nayden is a veteran of the aircraft leasing industry and previously served as Avolon’s... Read Story
October 19, 2016, 07:03 AM


GE announced that it has completed the sale of its remaining 20% stake in the Hyundai Capital Services (HCS) joint venture through a structured asset-backed security, representing aggregate ending net investment (ENI) of approximately $0.8 billion as... Read Story
October 17, 2016, 07:00 AM


GreatAmerica Financial Services Corporation announced it was named “Best Leasing Company” in The Cannata Report’s 2016 Annual Dealer Survey for the fourth year in a row. The honor as best leasing company was recognized for the first time with a Frank... Read Story
October 14, 2016, 07:10 AM


Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to six note classes of Axis Equipment Finance Receivables IV LLC. The notes are newly issued asset-backed securities backed by a portfolio of equipment leases and loans. This transaction is... Read Story
October 14, 2016, 06:54 AM


ECN Capital Corp. announced that by mutual agreement, INFOR Acquisition Corp. (“IAC”) and ECN Capital have terminated the previously announced qualifying transaction that would have resulted in the acquisition of all of the outstanding shares of IAC... Read Story
October 13, 2016, 07:25 AM


Ascentium Capital announced strong growth in volume during third quarter 2016. The company obtained a 30% increase in originations over the same period last year."We are investing in our product offering and delivery of exceptional service by... Read Story
October 13, 2016, 07:14 AM


TBF Financial has entered into a forward-flow relationship with a leading online small business lender, TBF Principal Brett Boehm announced today. TBF will purchase an estimated $100 million annually of charged-off loans from the financial technology... Read Story
October 12, 2016, 07:09 AM


October’s issue of Equipment Leasing and Finance (ELFA) Magazine prominently features three ECS Financial employees, Sinead Murphy, Tobey Wilson, and Anne Dalgaard on the cover. The image honors them for their commitment to the finance industry and... Read Story
October 12, 2016, 07:04 AM


FORTUNE and Great Place to Work® have named First American Equipment Finance as #14 among the Best Medium-Size Workplaces in the U.S. First American earned this accolade based on employees’ anonymous responses to an extensive survey about their... Read Story
October 12, 2016, 07:00 AM


CIT Group Inc. announced it has entered into a definitive agreement to sell CIT Commercial Air, its commercial aircraft leasing business, to Avolon Holdings Limited (“Avolon”), the international aircraft leasing company and a wholly-owned subsidiary... Read Story
October 07, 2016, 07:18 AM


Fifth Third Bancorp announced its Equipment Financing group is expanding its market presence. The team will now operate as four distinct regions: South, North Central, Midwest and East.“Organizing our team under the construct of four regions enables... Read Story
October 06, 2016, 07:24 AM


The Alta Group announced that it served as financial advisor to Indianapolis-based Connext Financial, Ltd. in its recent acquisition by Engs Commercial Finance Co. of Lisle, IL.  Connext Financial is a leading lender in industrial equipment finance... Read Story
October 06, 2016, 07:22 AM


ECS Financial Services announced the launch of the new version of their website, ecsfinancial.com. The drastically improved website features a responsive design and focuses on ECS’ commitment to providing superior financial services for the leasing... Read Story
October 05, 2016, 07:06 AM


PayNet, Inc., the nation’s small business credit expert, announces the release of the new PayNet MasterScore for Alternative Lending, the first ever pooled-data score for the Alternative Lending space. This score, which is a coming-of-age milestone... Read Story
October 05, 2016, 07:04 AM


Ivory Consulting Corporation and U.S. Bank Equipment Finance, a unit of U.S. Bank, announced today that Ivory Consulting’s SuperTRUMP for Salesforce has been selected to provide accurate lease and loan modeling and pricing to U.S. Bank Equipment... Read Story
October 05, 2016, 06:47 AM


Element Financial Corporation (“Element”), now Element Fleet Management Corp. (“Element Fleet”) and ECN Capital Corp. (“ECN Capital”) jointly announced the completion of the reorganization of Element into two separate publicly-traded companies (the... Read Story
October 04, 2016, 07:03 AM


Five Arrows Principal Investments, the corporate private equity business of Rothschild & Co, has made a significant equity investment in White Clarke Group, a fast-growing, global provider of specialist technology and software solutions to the... Read Story
October 04, 2016, 06:41 AM


Major building automation systems vendors are introducing new versions of their core offerings as well as complementary intelligent building solutions.A new report from Navigant Research examines the global market for commercial building automation... Read Story
September 30, 2016, 07:02 AM


Balboa Capital is celebrating National Women’s Small Business Month in October with a number of helpful online resources and a contest that invites female entrepreneurs to share their success stories and compete for a prize of $1,000 cash. The winner... Read Story
September 30, 2016, 07:00 AM


Navitas Credit Corp. announced the completion of its third and largest term securitization of equipment loan and lease contracts, Navitas Equipment Receivables LLC 2016-1. Navitas issued $205.1 million of notes.  J.P. Morgan Securities LLC was the... Read Story
September 29, 2016, 07:15 AM


Monroe Capital announced an increase in the credit facility to OSG Billing Services (“OSG”) to support the acquisition of WhatCounts. Based in Atlanta, Georgia and Seattle, Washington, WhatCounts is a leader in technology-enabled, data-driven... Read Story
September 29, 2016, 07:00 AM


Balboa Capital, a technology-driven financing company that offers equipment financing and alternative business loan products, announced that it has completed a $251 million securitization of equipment lease and loan backed notes, its fourth and... Read Story
September 28, 2016, 07:10 AM


JDR Solutions Inc., an Indianapolis-based provider of equipment lease finance portfolio management services and software, has expanded its corporate office.The company added approximately 900 square feet of space to its existing Castle Creek office... Read Story
September 23, 2016, 06:53 AM


Citizens Bank announced that Citizens Commercial Banking has led a new $300 million revolving credit facility for Nations Fund I, LLC, a wholly owned subsidiary of Nations Equipment Finance, LLC. Nations is a commercial finance company that provides... Read Story
September 22, 2016, 07:08 AM


Equipment finance company, Commercial Credit, Inc., parent company of Commercial Credit Group Inc. (CCG), has made the Business North Carolina Mid-Market Fast 40 List for the fifth year in a row. To qualify for the list, a company must have annual... Read Story
September 22, 2016, 07:02 AM


Penton’s EquipmentWatch has launched the new EquipmentWatch Verification mobile app that provides immediate serial number and VIN verification for heavy equipment and on-road trucks in the auction and resale markets. Available for both Android and... Read Story
September 21, 2016, 07:15 AM


Bankers Leasing Company will celebrate 70 years in business on September 26, 2016. The company, headquartered in Urbandale, finances medical and office equipment for companies across the United States. Initially the company provided automobile... Read Story
September 21, 2016, 07:07 AM


Chesswood Group Limited announced that Windset Capital Corporation, its U.S. working capital loan subsidiary, will discontinue accepting new loan applications from its brokers and independent sales organization network effective September 26, 2016... Read Story
September 20, 2016, 07:18 AM


Navitas Credit Corp. announced the release of My Navitas Mobile which enables customers to access and manage their accounts right from their smartphones.   My Navitas Mobile is available on both the IOS and Android platforms.  Customers can now use... Read Story
September 20, 2016, 07:04 AM


Based entirely upon feedback from approximately 138,000 women at Great Place to Work-certified companies, FORTUNE and Great Place to Work® have named First American Equipment Finance among the 100 Best Workplaces for Women in the U.S. Women employees... Read Story
September 15, 2016, 07:00 AM


In a new report, Moody’s Investors Service examines several credit risks in securitizations backed by loans to small businesses which are originated  by US marketplace lenders (MPLs) that focus on lending to businesses with less than $10 million in... Read Story
September 14, 2016, 07:24 AM


LeaseTeam announced that Key Equipment Finance, one of the nation’s largest bank-held equipment finance companies, has selected ASPIRE as its end-to-end lease and loan management solution.“We are excited and confident in our selection of ASPIRE. ... Read Story
September 12, 2016, 07:15 AM


Loeb Term Solutions is pleased to announce the graduation of a Midwest metalworking facility after having provided an equipment term loan back in 2014. The company, a manufacturer of compressor housings and custom components for turbochargers... Read Story
September 08, 2016, 07:10 AM


The Canadian Finance & Leasing Association (CFLA) Conference Sept. 21-23 at Niagara Falls, Ontario, will feature presentations focused on Evolving in Turbulent Times, with Ralph Petta’s discussion about the challenges and opportunities of doing... Read Story
September 08, 2016, 07:03 AM


Bibby Financial Services released survey results  that examine the who, what and why of commercial finance needs and challenges for financial decision makers in mid- to large-sized businesses. This survey is the second in an ongoing series of... Read Story
September 07, 2016, 07:08 AM


Consultants with The Alta Group will explore challenges and solutions for equipment leasing technology, accounting, appraisals, managed solutions and financial technology (FinTech) at upcoming industry-related conferences. Shawn D. Halladay, an... Read Story
September 06, 2016, 07:03 AM


Ritchie Bros. and Caterpillar Inc. announced that they have entered into a strategic alliance agreement.  The strategic alliance is expected to deliver significant benefits to both companies, Caterpillar's independent dealers and their respective... Read Story
August 30, 2016, 07:10 AM


Ivory Consulting Corporation announced that Evolve Commercial Finance, a subsidiary of Evolve Bank & Trust, selected Ivory’s flagship product, SuperTRUMP, to support the modeling and pricing of its complex, after-tax leases.“Ivory Consulting is... Read Story
August 30, 2016, 07:02 AM


Viewpost announced an unprecedented initiative to transform the way small businesses view and manage their cash flow. Currently, small businesses are struggling with the real-time demands of a digital economy while being forced to rely on antiquated... Read Story
August 30, 2016, 06:59 AM


Fora Financial has once again been featured in Inc.com’s list of the 5000 fastest-growing private companies nationwide. This marks the third consecutive year Fora Financial has made the Inc. 5000 list, during which the company has grown revenue by... Read Story
August 29, 2016, 07:00 AM


Quick Bridge Funding announced it ranked No. 346 on the Inc. magazine exclusive 2016 list of America’s Fastest-Growing Private Companies – the Inc. 500. Quick Bridge Funding achieved its rank by attaining a three-year growth rate of 1,114 percent... Read Story
August 26, 2016, 07:12 AM


Tina Cartwright, senior vice president of information technology for U.S. Bank Equipment Finance, has been recognized as one of The Cannata Report’s core three “Women Influencers of 2016” and is featured on and within the media brand’s July/August... Read Story
August 26, 2016, 07:07 AM


Fundation Group announced that it has obtained a $100 million asset-backed credit facility from Goldman Sachs. Fundation will use this credit facility to accelerate its growth by increasing its capacity to extend credit to small businesses across the... Read Story
August 25, 2016, 07:02 AM


Inc. magazine announced that for the third consecutive year, Navitas Credit Corp. (formally Navitas Lease Corp.) made its prestigious list of the nation’s fastest growing private companies, the annual Inc. 5000. The list represents a unique look at... Read Story
August 24, 2016, 07:08 AM


National Funding was recognized by the San Diego Business Journal as one of San Diego County’s top 150 Fastest-Growing Private Companies based on its percentage of verified revenue growth from 2013 and 2015. With a reported 122.23 percent growth... Read Story
August 24, 2016, 07:07 AM


Opus Bank announced today the launch of its Public Finance division, which will provide senior financing solutions to municipalities including cities, counties, school districts, water and sanitation agencies, special districts, and charter schools;... Read Story
August 23, 2016, 07:16 AM


Blue Bridge Financial announced that it has been named one of the fastest growing companies in Western New York, for the second consecutive year. Presented by Buffalo Business First, the Fast Track Awards are presented to privately-held companies who... Read Story
August 23, 2016, 07:14 AM


Odessa Technologies announced that Mitsubishi UFJ Lease & Finance (U.S.A.) Inc. (“MULUSA”) has selected LeaseWave from Odessa Technologies to automate and improve their front and back office leasing operations. With LeaseWave, MULUSA will have a... Read Story
August 23, 2016, 07:10 AM


Blue Bridge Financial announced that it has earned recognition as one of the nation's fastest-growing private companies, ranked number 1259 by Inc. Magazine on the prestigious 2016 Inc. 5000 list. The list represents a unique look at the most... Read Story
August 22, 2016, 07:08 AM


Amid a tougher climate for marketplace lenders and a drop in mega-round activity, investment in VC-backed fintech companies fell 24 percent in the U.S and nearly 50 percent globally during Q2 ‘16, according to the Pulse of Fintech, the quarterly... Read Story
August 19, 2016, 08:06 AM


LaSalle Solutions, a leading provider of technology life-cycle asset management services, announced it has launched a new enterprise cloud solutions business unit called BreakFree Solutions.The IT industry has transformed, but the majority of... Read Story
August 19, 2016, 07:46 AM


Reich Brothers, LLC announced that its wholly owned affiliate 476 Bridge Street LLC was the successful bidder for the assets of Columbus Castings in Columbus, OH. The purchase price including cash and other consideration is in excess of $30... Read Story
August 19, 2016, 07:39 AM


The Alta Group announced the XIV Latin American Leasing Conference will be held on November 9 to 11 at the Hotel Intercontinental at Doral in Miami. The first will start on Wednesday November 9 with the 9th Forum under the theme of “Impact of the... Read Story
August 19, 2016, 07:33 AM


LeaseTeam announced that Macrolease has selected ASPIRE™ as its end-to-end lease and loan management system.Previously working from separate front-end and back-end systems, Macrolease will be upgrading to LeaseTeam’s ASPIRE because of its ability to... Read Story
August 18, 2016, 07:11 AM


Inc. Magazine ranked Channel Partners Capital #176 on its 35th annual Inc. 500, the most prestigious ranking of the nation’s fastest-growing private companies. The list represents a unique look at the most successful companies within the American... Read Story
August 18, 2016, 07:10 AM


CAN Capital and Entrepreneur Media, Inc., publisher of Entrepreneur magazine and Entrepreneur.com, announced the official launch of an exclusive funding center that will allow small businesses access to a range of flexible funding products designed... Read Story
August 17, 2016, 07:15 AM


Tamarack Consulting, a rapidly growing consulting and software development company, has been named one of the fastest-growing private U.S. companies by Inc. 500|5000. Out of 5000 honorees, Tamarack ranked #600 with 96% compounded annual growth rate... Read Story
August 17, 2016, 07:10 AM


Bizfi announced an increase of 25 percent in year-over-year small business lending originations in the second quarter of 2016. This totals in excess of $144 million, compared to $116 million in Q2 2015. The company either directly originated... Read Story
August 17, 2016, 07:05 AM


Tamarack Consulting is proudly celebrating its 15th anniversary. Founded in 2001 by Daniel Nelson, Tamarack is an objective client-centered team that specializes in seamless, integrated software solutions for every stage of the lease/loan... Read Story
August 16, 2016, 07:05 AM


Loeb Term Solutions announced its recent partnership in SQN Latina, a Mexico city-based industrial asset lender focused on small and medium enterprises. The partnership between the two companies is breaking barriers in the manufacturing, construction... Read Story
August 15, 2016, 07:16 AM


Premier Trailer Leasing, a leading provider of trailer leasing and rental assets and related value-added services in the United States, has been acquired by Redwood Capital Investments, LLC (“Redwood”) from Garrison Investment Group (“Garrison”).“We... Read Story
August 10, 2016, 07:12 AM


Dedicated Commercial Recovery Inc. has launched it’s highly anticipated new website, www.dedicatedcri.com. Dedicated’s President Shane Davis describes the site as “the most innovative and contemporary website in commercial collections and recovery... Read Story
August 10, 2016, 07:11 AM


National Funding announced a three-year extension of its implementation of Salesforce, the Customer Success Platform and world's #1 CRM company. Since 2010, Salesforce Sales Cloud has been a key driver in National Funding's rapid growth, helping the... Read Story
August 10, 2016, 07:10 AM


IronPlanet® announced that the U.S. Department of Defense’s Defense Logistics Agency (DLA) has executed its option to extend its Commercial Venture 4-Rolling Stock (CV4-R) contract with IronPlanet. The one-year extension is the first of five... Read Story
August 09, 2016, 06:45 AM


LEAF Commercial Capital, Inc. (“LEAF”), a leading U.S. equipment leasing and finance company, announced the release of FinanceNOW, a next-generation financing platform and resource center designed to comprehensively support LEAF’s referral... Read Story
August 08, 2016, 07:28 AM


As one of the oldest and largest finance companies in the United States, ENGS Commercial Finance Co. has the unique opportunity to observe some of the challenges clients face in obtaining insurance for their equipment.  In funding equipment loans for... Read Story
August 08, 2016, 07:10 AM


Ascentium Capital, a national commercial lender providing comprehensive finance solutions announced the celebration of five years in business. Ascentium Capital was founded on the foresight to develop a technologically progressive finance company... Read Story
August 05, 2016, 07:27 AM


Ask the man on the street what blockchain is, and they might tell you about Bitcoin, currently its most well-known and perhaps infamous application. Bitcoin is an electronic payment system which has risen to fame in recent months due to its... Read Story
August 05, 2016, 07:11 AM


Reuters reported that TIAA has been in exclusive negotiations to acquire EverBank Financial Corp Inc. for $2.5 billion, people familiar with the matter said.According to the Reuters report, the deal would underscore TIAA's ambitions to bolster TIAA... Read Story
August 04, 2016, 07:15 AM


Orion First announced that it has partnered with Agility Recovery, a national leader in disaster recovery solutions. Membership with Agility provides Orion First with Agility’s unique ReadySuite solution, which ensures priority access to the four key... Read Story
August 03, 2016, 07:00 AM


Monroe Capital LLC announced an increase in the credit facility to OSG Billing Services (“OSG”) to support the acquisitions of ClickSpark, LLC (“ClickSpark”) and The Garfield Group, Inc. (“Garfield”). Based in Rochester, NY, ClickSpark is a... Read Story
August 02, 2016, 07:11 AM


NEC Financial Services, a leader in providing technology financing and leasing for businesses of all sizes throughout the United States, is proudly celebrating its 30th anniversary.Established in 1986, as a wholly owned subsidiary of NEC Corporation... Read Story
August 02, 2016, 07:02 AM


Penton’s EquipmentWatch, the world's leader in data, insights and workflow tools for the heavy equipment industry, has relaunched their SaaS platform.  It includes broad equipment coverage, across construction, lift/access, agricultural and... Read Story
August 01, 2016, 07:10 AM


DDI Leasing, Inc. has formally changed its name to DDI Capital to better reflect its full range of financial services and market product offerings. The rebranding of the organization is a direct result of corporate growth and customer engagement over... Read Story
August 01, 2016, 07:07 AM


Regents Capital Corporation announced it has been named as one of the 2016 Best Places to Work in Orange County. The independent equipment finance firm ranked as #20 in the small employer category.The awards program was created in 2009 and is a... Read Story
July 29, 2016, 07:00 AM


Quality Companies, an equipment leasing and sales company headquartered in Indianapolis, has selected LeaseWave from Odessa Technologies to provide back-end lease management through modern technology.“Quality’s aggressive growth strategy made us... Read Story
July 28, 2016, 07:00 AM


Accruit LLC, the nation’s leading provider of qualified intermediary and 1031 like-kind exchange program solutions, announced the appointment of Sandy MacPherson to its Board of Directors. Mr. MacPherson joins Accruit's Board with over 30 years’... Read Story
July 28, 2016, 06:47 AM


Sun Life Assurance Company of Canada ("Sun Life"), Securcor Inc., and Blue Bridge Financial, LLC, announced a private securitization facility for US$40 million between Blue Bridge SPV Funding I, LLC and Securcor Inc. The facility will be funded by... Read Story
July 27, 2016, 07:10 AM


Element Financial Corporation announced that its Board of Directors has unanimously approved plans to proceed with the reorganization of Element into two separate publicly-traded companies (the “Separation Transaction”) targeted for closing on... Read Story
July 26, 2016, 07:18 AM


Crestmark is introducing Fast Track Financing to the marketplace, simplifying the application process, reducing paperwork, and providing 24-hour approval to qualified businesses. Now in its 20th year, Crestmark provides timely, customized financing... Read Story
July 26, 2016, 07:10 AM


Traction Business Development, LLC - Tracbiz - a boutique consulting and training business with specialist expertise in the leasing space - is marking its 10th year in business by announcing the next stage in the evolution of its Leadership... Read Story
July 26, 2016, 07:06 AM


Stonebriar Commercial Finance (Stonebriar) announced two important company milestones to date in 2016 - its first year anniversary at the end of April and exceeding $1 billion in assets as of the end of June. Contributing to these milestones were the... Read Story
July 25, 2016, 07:17 AM


Townsquare Media, Inc. (“Townsquare”), a leading media, entertainment and digital marketing solutions company focused on small and mid-sized markets and Lendio Inc. announced an exclusive partnership designed to fuel small business funding... Read Story
July 25, 2016, 07:00 AM


The National Directory of Registered Tax Return Preparers & Professionals (PTIN) has selected fintech company Bizfi to provide its tax professionals, accountants, CPAs and their small business clients with access to funding through its aggregation... Read Story
July 21, 2016, 07:05 AM


England and Yorkshire cricketer, Jonny Bairstow has teamed up with software firm, CHP Consulting.Jonny Bairstow was named man of the series for the recent England against Sri Lanka Test series and this announcement - facilitated by Bairstow's... Read Story
July 21, 2016, 06:29 AM


FORTUNE and Great Place to Work® have named First American Equipment Finance as #8 among the 30 Best Workplaces in Finance and Insurance in the U.S. (http://fortune.com/best-workplaces-finance-insurance/first-american-equipment-finance-8/).     This... Read Story
July 20, 2016, 07:02 AM


Bill Stephenson, Chief Executive Officer and Chairman of the Executive Board of DLL, has been named to the Leasing Life Power 50, an annual list of the most influential people in asset finance. The fourth edition of the Leasing Life Power 50 received... Read Story
July 19, 2016, 07:12 AM


A roundtable today at the Stanford Graduate School of Business will examine how financial technology (Fintech) is disrupting traditional business models in asset-based finance. The roundtable, co-sponsored by Currency Capital and The Alta Group, is... Read Story
July 19, 2016, 07:09 AM


U.S. manufacturers now have a new financing option for their Mexico-based equipment through KMEX Leasing, LLC. Traditionally this collateral could not be easily financedsince U.S. institutions have little experience recovering equipment in Mexico.... Read Story
July 19, 2016, 07:00 AM


On the heels of a successful first year since acquiring one of the nation’s largest providers of Small Business Administration loans, BankUnited Small Business Finance announced it has expanded into Washington, Ohio and Wisconsin, while also... Read Story
July 18, 2016, 07:00 AM


National Leasing’s new online equipment financing system, National Leasing Interactive, has earned the company this year’s Operations and Technology Excellence Award from Equipment Leasing and Finance Association (ELFA). “National Leasing Interactive... Read Story
July 15, 2016, 06:42 AM


Stonebriar Commercial Finance (Stonebriar), announced the closing of its inaugural securitization transaction, SCFET 2016-1, which was completed on June 27, 2016. Stonebriar securitized a $254 million portfolio of commercial equipment loans and... Read Story
July 14, 2016, 07:05 AM


LEAF Commercial Capital, Inc. (LEAF) announced winning the 2016 ELFA Operations and Technology Excellence Award.The ELFA Operations and Technology Excellence Award recognizes equipment finance organizations taking the lead in developing inventive... Read Story
July 14, 2016, 06:56 AM


Navitas Credit Corp. announced that the company has officially changed its name to Navitas Credit Corp. from Navitas Lease Corp. as of June 15, 2016.  Navitas, which was recently recognized by Inc. Magazine as one of the fastest growing privately... Read Story
July 13, 2016, 08:18 AM


Currently, there is a debate beginning to emerge in Washington, in Springfield, in Albany, and in other government centers about what sources of funding small businesses should be allowed to access. In a world in which small business credit through... Read Story
July 12, 2016, 07:00 AM


Ascentium Capital announces funding $225.4 million during 2Q16 which includes a record month in June with origination volume representing 30% growth over the same period last year.  Second quarter of 2016 also marks the 18th consecutive quarter the... Read Story
July 07, 2016, 07:12 AM


Fora Financial, a provider of flexible working capital solutions to small businesses, announced that it has reached the milestone of providing over $500 million of working capital to over 10,000 customers across the country. This landmark achievement... Read Story
July 05, 2016, 07:15 AM


DLL, a Rabobank subsidiary and global provider of asset-based financial solutions, has reached an agreement to sell its mobility solutions entity Athlon Car Lease International B.V. including all its subsidiaries to Mercedes-Benz Financial Services... Read Story
July 01, 2016, 07:19 AM


Metropolitan Equity Partners (“Metropolitan”) announced it has invested $20M in Bizfi.This investment represents an increase from the $65M financing of the Company in December. This round of financing will enable Bizfi to: Expand its suite of... Read Story
June 30, 2016, 07:00 AM


Element Financial Corporation announced that the Company has closed the issuance of US$1.0 billion in rated term notes through Chesapeake Funding II LLC (“Chesapeake II”) and closed the renewal of its asset-backed funding facility with the Company’s... Read Story
June 29, 2016, 07:05 AM


CHP Consulting, provider of the ALFA Systems software platform for asset finance, has announced a number of new and recent affiliations in the U.S. auto and equipment finance industry.As a major player in the space, CHP counts three of the largest... Read Story
June 28, 2016, 07:08 AM


FORTUNE and Great Place to Work® have named First American Equipment Finance as one of the 100 Best Workplaces for Millennials in the U.S. (https://fortune.com/best-workplaces-millennials/) for the second year in a row. “Early career professionals... Read Story
June 28, 2016, 07:05 AM


The Chris Walker Education Fund Board of Trustees is now accepting grant applications. Applications will be accepted through July 31st.  The fund will award a total of $10,000 in grants to be distributed in August.The award will be split up into two... Read Story
June 28, 2016, 07:00 AM


Reuters exclusively reported that alternative lenders are expected to take a larger share of leveraged lending from banks in the next two years as the non-bank lenders step in to help refinance the first wall of revolving debt to come due since... Read Story
June 27, 2016, 08:00 AM


After a successful year as the American Society of Appraiser’s (ASA) International Secretary/Treasurer, Sharon Desfor (President of HeliValue$, Inc.), now takes on the position of International Vice President.  “We are very excited to have Sharon’s... Read Story
June 24, 2016, 07:00 AM


Crestmark was honored by the 22nd Annual Communicator Awards with an Award of Excellence and three Awards of Distinction for print ads and direct-mail. For the international competition, one of the largest of its kind, Crestmark’s entries competed... Read Story
June 23, 2016, 07:00 AM


The American Society of Appraisers announces its Advanced Topics and Case Studies course to be held on Thursday, November 3-Sunday, November 6, 2016 in Chicago, IL.This course will introduce more advanced concepts and techniques than those taught in... Read Story
June 23, 2016, 06:56 AM


IronPlanet® introduced GovPlanet Direct, a new self-listing service as part of its marketplace for public sector entities. GovPlanet Direct is being offered to government entities under IronPlanet’s GovPlanet® brand, which is dedicated to government... Read Story
June 21, 2016, 07:05 AM


For a third year in a row White Clarke Group was able to secure themselves the popular title of Best Automotive Finance & Leasing Software Provider awarded by the Leasing Committee of China Chamber of International Commerce during this year’s China... Read Story
June 20, 2016, 06:45 AM


North Mill Equipment Finance LLC announced the closing of its second securitization transaction, NMEF Funding 2016-A, which was completed on June 13, 2016.  NMEF Funding 2016-A issued two classes of equipment finance-backed notes totaling $111.15... Read Story
June 17, 2016, 07:17 AM


Rockland Trust announced that the bank will expand its services for business with the introduction of Rockland Trust Leasing, which will provide equipment leasing as a flexible financing alternative for the bank’s commercial and small business client... Read Story
June 17, 2016, 07:15 AM


CHP Consulting, global supplier of asset and automotive finance software and consultancy services, has been recognized continually by various influential organizations and publications as an excellent company, particularly in the area of graduate... Read Story
June 15, 2016, 07:00 AM


Somerset Capital Group, Ltd. (Somerset) announced several key growth steps today in their vision to make long-term strides to growth in 2016. First, their recent company acquisition of two independent lessors to their family of companies; second, a... Read Story
June 13, 2016, 07:05 AM


On June 6, 2016, Creekridge Capital became one of America's premiere vendor leasing platforms through its acquisition by Hitachi Capital America Corp (“HCA”). Now operating as Hitachi Capital America Vendor Services, the company will continue to... Read Story
June 10, 2016, 07:08 AM


LEAF Commercial Capital, Inc. (“LEAF”) announced the closing of a new securitization transaction, LEAF 2016-1, which was completed on May 26, 2016.Through LEAF 2016-1, LEAF securitized a portfolio of approximately $350 million of commercial equipment... Read Story
June 08, 2016, 07:20 AM


The American Society of Appraisers announced the results of ASA's 2016-17 elections for the new International Officers, Board of Governors and Discipline Committee Officers and Members At-Large. Those elected will officially take office on July 1... Read Story
June 08, 2016, 07:08 AM


Fleet Financing Resources, LLC, nationwide lender for  commercial transportation equipment, announced it has surpassed half a billion dollars of funded leases and finance contracts since its inception in 2002.  The equipment primarily includes motor... Read Story
June 07, 2016, 07:19 AM


UniFi Equipment Finance (UniFi) is insuring its portfolio with the American Lease Insurance Agency Corporation (ALI) Program. UniFi recently updated its leasing software to LeaseTeam’s ASPIRE platform, and sought out ALI to deliver a fully integrated... Read Story
June 07, 2016, 07:10 AM


Just 9.8 percent of more than 5,400 financial and accounting professionals say their companies are prepared to comply with the new Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) lease accounting... Read Story
June 07, 2016, 07:07 AM


A new loss database by PayNet, the leaders providing risk management solutions and market insight to the commercial credit industry, shows the types of equipment defaults that result in a loss. PayNet studied the economic cycle, with loss outcomes on... Read Story
June 06, 2016, 07:07 AM


The American Society of Appraisers announces its Marine Survey course to be held on Thursday, October 27-Saturday, October 29, 2016 in Norfolk, VA.This course is designed for the nonmarine professional who wants basic knowledge of the industry and... Read Story
June 06, 2016, 07:00 AM


Allegiant Partners Incorporated announced a refresh to their website and logo effective June 1st, 2016. The new logo and website can be found at the brand new domain http://www.apfinancing.com. Vice President of Marketing, Nick Fong stated, “The... Read Story
June 03, 2016, 07:00 AM


LeaseTeam will soon hold its annual Users’ Conference in downtown Omaha, Neb. The event is open to LeaseTeam clients and prospective business partners alike, and will feature updates to LeaseTeam’s leading equipment financing software, ASPIRE, as... Read Story
June 02, 2016, 07:00 AM


Santana Equipment Trading Company announced the opening of a new facility for its Phoenix, Arizona operations.Santana Equipment West Division (Phoenix) opened its doors in June of 2012 as the company’s first satellite location. With the help of its... Read Story
May 27, 2016, 07:03 AM


Lendio announced it has joined website domain registration site GoDaddy marketplace to support the funding needs of more than 14 million small business owners and entrepreneurs. This will not only increase Lendio’s reach and potential customer base... Read Story
May 26, 2016, 07:03 AM


Based on annual results reported for the 2015 Leaseurope Ranking of European Leasing Companies, DLL is ranked #4 in new business volume within Europe and #2 in new business volume outside of Europe. Additionally, for the fifth year in a row, DLL tops... Read Story
May 26, 2016, 07:00 AM


FORTUNE Magazine and consulting firm Great Place to Work named First American Equipment Finance among the country’s 50 Best Workplaces for Recent College Graduates.The ranking involved evaluating approximately 600 companies certified by Great Place... Read Story
May 25, 2016, 07:17 AM


Axis Capital announced that it has achieved the second largest year-over-year growth in Monitor’s national ranking of Top 25 Vendor Channels. Axis realized a 67.9 percent vendor channel origination increase, while in comparison the top 25 group’s... Read Story
May 25, 2016, 06:39 AM


Avidia Bank announced the launch of Commercial Lending Center™, a new online business loan application portal. Commercial Lending Center is the simple and secure way to help businesses get quick and convenient access to loans online. Business loan... Read Story
May 23, 2016, 07:05 AM


A recent report from Navigant Research examines the market for indoor environmental and air quality (IEAQ) technologies used in new construction and retrofit applications, with global forecasts for revenue, segmented by region, building type, and... Read Story
May 23, 2016, 07:03 AM


Fora Financial announced the closing of a $52.5 million senior revolving credit facility. A group of four financial institutions will participate in the new facility, with AloStar Capital Finance, a specialty provider of asset-based loans to the... Read Story
May 20, 2016, 07:00 AM


Commonwealth Capital Corp., a leading equipment leasing and financial services company, has been honored with four awards by DiversityBusiness.com, including recognition as one of the Top 500 Women Owned Businesses in the United States, Top 100... Read Story
May 19, 2016, 07:03 AM


Bizfi announced it originated more than $144 million in financing to 3,605 small businesses in the first quarter of 2016. This is a record in originations for any one quarter, resulting in a 49 percent year-over-year increase over the $96 million... Read Story
May 18, 2016, 07:14 AM


Marquette Business Credit recently funded a $16.5 million credit facility to a hardwood lumber and flooring manufacturer. The secured facility consists of a $15.0 million revolving line of credit plus an additional $1.5 million equipment term loan. ... Read Story
May 18, 2016, 07:04 AM


Alternative Funding Partners and Alternative Business Funding announced a strategic partnership. By combining the teams and networks of these two firms, this partnership will provide clients with streamlined access to commercial financing. Both firms... Read Story
May 18, 2016, 06:00 AM


New Mill Capital Holdings, LLC ("NMC") and J.P. Morgan Asset Management – Global Real Assets ("GRA") announced a strategic partnership between institutional investors advised by J.P. Morgan Asset Management and NMC to jointly pursue acquisitions of... Read Story
May 18, 2016, 06:00 AM


Andrew Denton, Chief Executive of the Leasing Foundation and Chief Operating Officer at CHP Consulting, has won the Auto Finance Personality of the Year accolade at the International Auto Finance Network awards ceremony held last week in London.As co... Read Story
May 17, 2016, 07:14 AM


The current state of the capital markets is unclear, with pockets of liquidity and uncertainty with regards to what deals can get done. Nonetheless, the Federal Reserve’s interest rate increase has not had a dramatic effect, and demand for... Read Story
May 13, 2016, 07:06 AM


LeaseAccelerator announced the results of a market readiness survey for the new lease accounting standards. The first research study to be completed since the Financial Accounting Standards Board (FASB) announced ASU 2016-02 (ASC 842), surveyed... Read Story
May 13, 2016, 07:06 AM


DLL has been shortlisted for the BusinessGreen Leaders Awards’ brand new category, Circular Economy Project of the Year. This nomination comes just three months after DLL received the Circular Economy Investor Award from the Young Global Leaders of... Read Story
May 12, 2016, 07:00 AM


LaSalle Solutions, a leading provider of technology life-cycle asset management services, has introduced a new video highlighting how the company is changing the way businesses lease technology equipment.A lot can happen during a standard 36-month... Read Story
May 12, 2016, 06:47 AM


The U.S. Treasury Department issued a white paper regarding its review of the online marketplace lending industry. The white paper titled, “Opportunities and Challenges in Online Marketplace Lending,” provides an overview of what the Treasury... Read Story
May 11, 2016, 07:22 AM


Ascentium Capital announced the company reached $1 billion in assets under its management. Additionally, the company issued a $237.5 million small ticket equipment securitization of Ascentium Equipment Receivables LLC, Series 2016-1. In less than... Read Story
May 10, 2016, 07:15 AM


Nations Equipment Finance, LLC (“NEF”) has opened a new office in Denver, Colorado to accommodate growth plans and future expansion. The new office space is located in the Denver Tech Center and will be led by Rob Lewis, Vice President of Business... Read Story
May 10, 2016, 07:10 AM


1ST WEST Background Due Diligence™ announced the expansion of its risk intelligence platform.  Building on 1ST WEST’S strong foundation and brand allegiance in the corporate finance industry, core competencies now include: 1ST WEST Corporate Finance™... Read Story
May 05, 2016, 07:05 AM


First American Equipment Finance was named as one of the Best Companies to Work for in the state of New York for the fifth consecutive year.  “Being named among the Best Companies to Work for in New York is a tremendous honor,” said Alan Sikora, CEO... Read Story
May 04, 2016, 07:15 AM


Cloud Lending Solutions, a cloud-based end-to-end lending platform, announced that Flexx, a nationwide provider of forklift rental and leasing programs, has selected CL Originate™ to automate and simplify the origination and underwriting process and... Read Story
May 03, 2016, 07:00 AM


The American Society of Appraisers announces its Machinery and Equipment Valuation Methodology course to be held on Thursday, September 8-Sunday, September 11, 2016 in Boca Raton, FL.Held in conjunction with the 2016 International Appraisers... Read Story
May 03, 2016, 06:55 AM


ENGS Commercial Finance Co. (“ECF”) has introduced a new way for customers to access their online accounts. The ENGS Mobile App (for iPhone & Android users) is available today for download. Once the App is installed, customers will have a control... Read Story
May 02, 2016, 07:00 AM


PayNet announces Risk Insight Suite®, a new interactive platform, providing instant access to credit performance data and industry analysis on the small business sector of the Canadian economy at www.sbinsights.ca. Private businesses are a key... Read Story
April 27, 2016, 07:23 AM


FORTUNE Magazine and consulting firm Great Place to Work today named First American Equipment Finance as #26 among the country's 50 Best Workplaces for Giving Back. Great Place to Work® analyzed surveys from nearly 600 companies to rank those that... Read Story
April 27, 2016, 07:16 AM


Fidelity Capital, a California-based agency that specializes in equipment leasing and financing, announced several new milestones, including the introduction of a new product, several new hires and a wider credit window.The new product offering is... Read Story
April 27, 2016, 07:07 AM


Penton’s EquipmentWatch, the world’s leader in data, software and insights for the heavy equipment industry, has launched the new monthly EquipmentWatch Market Report™ featuring the new Price Stability Index™. This report, designed to provide the... Read Story
April 22, 2016, 07:14 AM


Willis Lease Finance Corporation announced that it has expanded its $700 million revolving credit facility by over 40% to $1 billion, which includes a $110 million accordion feature. The facility has a 5-year term and additional flexibility. Willis... Read Story
April 22, 2016, 07:05 AM


Ascentium Capital announced that it surpassed $2 billion in funded volume since its inception on August 4, 2011.“Less than five years ago, we created a new type of independent financing company to meet the changing needs of small businesses. We’ve... Read Story
April 21, 2016, 07:22 AM


The Bank of Nova Scotia ("Scotiabank") and Meridian Credit Union Limited announced that the two companies have reached an agreement under which Meridian will purchase the business operations and assets of Roynat Lease Finance, a division of Roynat... Read Story
April 20, 2016, 07:14 AM


Stonebriar Commercial Finance announces the further expansion of its capital solutions for clients with the creation of SCF Realty Capital and the hiring of Pete Mavoides as President. Stonebriar Commercial Finance ("Stonebriar") is a rapidly growing... Read Story
April 19, 2016, 07:25 AM


LeaseAccelerator  announced a new release featuring updated functionality to support the new lease accounting standards introduced by the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB). With... Read Story
April 19, 2016, 07:00 AM


PayNet reports that the PayNet Canadian Small Business Lending Index (CSBLI) shows that originations decreased 3% from 127.0 in January 2016 to 123.5 in February 2016. Compared to the same month one year ago, the Index is down 6%. “This report shows... Read Story
April 19, 2016, 07:00 AM


As dependable as they are, computer networks are not invulnerable to outages. When unexpected interruptions occur it is important to know how fast offline systems can be back up and running, and the maximum data-losing downtime that is acceptable.... Read Story
April 15, 2016, 07:22 AM


EverBank announced the consolidation of its Capital Equipment Finance and Business Credit units into a single organization serving commercial clients nationwide. The combined business will be called EverBank Business Finance, with offices in New York... Read Story
April 13, 2016, 07:23 AM


Wintrust Commercial Finance (WCF) will celebrate its one-year anniversary this month. Since its inception in April 2015, WCF has approved more than $450 million in new business originations. “We are very pleased to mark this milestone for our team,”... Read Story
April 12, 2016, 07:15 AM


Biz2Credit announced that it has partnered with Tata Capital, the flagship financial services company of the $108 billion Tata GroupThrough this partnership, Tata Capital will utilize the acquisition channels on Biz2Credit's small business lending... Read Story
April 12, 2016, 07:00 AM


VenSource Capital LLC (“VenSource”), a specialty finance company providing equipment financing to venture capital sponsored startups announced that it closed on a new $15 million equity round. The equity investment was made by CV Holdings, Inc., a... Read Story
April 11, 2016, 08:00 AM


TCF Financial Corporation (TCF) yesterday was honored with its second, consecutive Innovation in Financial Education Award presented by Nasdaq and EverFi. The award, presented during National Financial Literacy Month, recognizes TCF’s significant... Read Story
April 11, 2016, 06:57 AM


LeaseTeam announced that Blue Bridge Financial, LLC (“Blue Bridge”), a direct lender and national provider of small business financing, has selected ASPIRE as its end-to-end lease and loan management platform.Recently recognized as the fastest... Read Story
April 07, 2016, 07:15 AM


National Funding announced that the company will partner with its hometown Major League Baseball team, the San Diego Padres. National Funding is the first FinTech company to become a sponsor of a Major League Baseball team.The partnership includes:... Read Story
April 07, 2016, 07:14 AM


Ascentium Capital announced a 28% increase in volume over the same period last year with assets near $980 million, representing a 32% increase.“We continue enhancing and expanding our small business finance products and services. These investments... Read Story
April 06, 2016, 07:10 AM


Quick Bridge Funding, a privately-held, Inc. 500 financial services firm, announced president, Ben Gold, will serve as both a moderator and a panelist at the flagship LendIt USA 2016 conference in San Francisco, California April 11-12, 2016. LendIt... Read Story
April 06, 2016, 07:10 AM


Lease Corporation of America (LCA) rose to 14 on the Monitor’s Top Private Independents list of private independent leasing companies, up from 19 the previous year.Based on new business volume, LCA was the 5th fastest-growing company to take part in... Read Story
April 06, 2016, 07:09 AM


Penton's EquipmentWatch, the world's leader in data, software and insights for the heavy equipment industry, has released its 2016 Tier 4 Benchmark Report. Developed in partnership with the Association of Equipment Management Professionals (AEMP)... Read Story
April 05, 2016, 07:24 AM


Odessa Technologies announced it has partnered with DocuSign, Inc. (DocuSign®) to help enterprise customers go fully digital to transform their business. DocuSign helps organizations of every size, industry and geography eliminate the hassles, costs... Read Story
April 05, 2016, 07:10 AM


GE announced on April 1, 2016 that it has completed the previously announced sale of its commercial lending and leasing business in Japan, including Capital Finance, Fleet Services and Vendor Finance, to Sumitomo Mitsui Finance and Leasing Company... Read Story
April 04, 2016, 07:04 AM


On April 1, 2016, Med One Capital celebrated its 25th year in business. April 1, 1991 was a memorable and fateful day, not only for the owners of the newly founded Med One Capital, but also for the acute care marketplace. The two owners, Larry... Read Story
April 04, 2016, 07:00 AM


GE continues to quickly and successfully execute the transformation of GE Capital into a smaller, more focused financial services firm. Today, GE filed its request to the Financial Stability Oversight Council (FSOC) for rescission of GE Capital’s... Read Story
March 31, 2016, 07:34 AM


In an attempt to gauge funding needs and challenges for mid- to large-sized businesses, Bibby Financial Services revealed the who, what and why of commercial finance needs for today’s financial decision makers and their outlook for 2016. This survey... Read Story
March 31, 2016, 07:11 AM


National Funding announced that Bob Sweeney was named San Diego Business Journal's 2016 CFO of the Year in the Medium Privately-Held Company category. The award recognizes San Diego Chief Financial Officers for the roles they play in the success of... Read Story
March 30, 2016, 07:05 AM


Channel Partners Capital announced  a new award won for being a part of Minnesota Business magazine’s selected top 100 best companies to work for. This award recognizes Minnesota's top companies and determines which companies excel in the areas of... Read Story
March 29, 2016, 07:19 AM


Tiger Capital Group is rebranding its remarketing services division to better reflect its global role as a broad-based disposition company with particular expertise in monetizing commercial and industrial assets.Formerly known as Tiger Remarketing... Read Story
March 29, 2016, 07:06 AM


NewStar Financial announced that it has been named 2015 Lender of the Year by Mergers & Acquisitions (“M&A”), an independent digital news service and monthly magazine covering all aspects of deal-making in the middle market.  The monthly magazine is... Read Story
March 28, 2016, 07:19 AM


DLL has been named a winner of the 2016 Top Workplaces Awards by Philly.com. The Top Workplaces lists are based solely on the results of an employee feedback survey administered by WorkplaceDynamics, LLC, a leading research firm that specializes in... Read Story
March 28, 2016, 07:12 AM


Grant Thornton LLP has been named a sponsor of the National Center for the Middle Market (NCMM), the nation’s leading research institution dedicated to helping medium-sized companies prosper by providing insights and analyses that drive growth, jobs... Read Story
March 28, 2016, 07:00 AM


GE announced that its headquarters will be located in the Seaport District of Boston along Necco Street.  The property is under agreement to be purchased from P&G and sits at the edge of its 44 acre South Boston campus—at 5 and 6 Necco Way... Read Story
March 25, 2016, 07:12 AM


EquipmentWatch, the world's leader in data, software and insights for the heavy equipment industry, has announced the winners of the first Highest Retained Value Awards. The awards recognize manufacturers in 26 different heavy equipment categories... Read Story
March 24, 2016, 07:15 AM


From the first quarter Phoenix Management “Lending Climate in America” Survey, results shows lender confidence on the U.S. economy continues to deteriorate.The 1Q 2016 survey continues the recent trend of lenders increasing pessimism about the future... Read Story
March 24, 2016, 07:00 AM


CIT Group today announces its strategic plan designed to drive long-term shareholder value. In connection with today’s strategic update call, CIT is delivering a slide presentation which is available at cit.com/investor. “Today, CIT announces steps... Read Story
March 23, 2016, 07:32 AM


Biz2Credit announced that it has partnered with Advantage Funding, a leading transportation finance firm in the U.S and a provider of equipment financing and leasing solutions for nearly two decades. Through this partnership, Advantage Funding will... Read Story
March 23, 2016, 07:30 AM


Ascentium Capital announced that DBRS upgraded and affirmed certain small-ticket equipment lease backed securities issued from Ascentium Equipment Receivables 2015-1 LLC.“This upgrade reflects our portfolio’s solid performance which continues to be... Read Story
March 22, 2016, 07:00 AM


36th Street Capital announced it recently funded an $8 million lease financing of mission critical equipment for a leading provider of global security services. Mark Horan, chief growth officer at 36th Street Capital explained, “The lessee was having... Read Story
March 21, 2016, 07:15 AM


ECS Financial Services is proud to announce that Shareholder Nancy Geary, CPA, CLFP, has been featured in the March/April issue of the National Equipment Financing Association's (NEFA) bi-monthly publication, Newsline Magazine.  Ms. Geary's featured... Read Story
March 18, 2016, 06:50 AM


Lease Corporation of America (LCA) has selected MTS Software Solutions (MTS) to implement and integrate OnBase by Hyland with Salesforce.com as well as LeaseTeam’s suite of products. LeaseTeam is the premier solution provider in the equipment leasing... Read Story
March 17, 2016, 07:00 AM


The National Center for the Middle Market (NCMM) has announced SunTrust Banks, Inc. as its new primary sponsor. The multi-year agreement will enable the NCMM to continue providing insights and analyses that drive growth, jobs and competitiveness in... Read Story
March 16, 2016, 07:05 AM


Linedata announced that the latest release of Linedata Capitalstream is now available.The latest version of Linedata Capitalstream expands Linedata’s existing focus on improving the overall customer experience by providing an even more intuitive user... Read Story
March 16, 2016, 07:00 AM


Encina Capital Partners, an investment firm focused on specialized lending and leasing platforms, and an affiliate of certain funds managed by Oaktree Capital Management, L.P. (“Oaktree Investor”) announced today that they have launched Encina... Read Story
March 15, 2016, 07:36 AM


PayNet, the premier provider of risk management solutions and market insight to the Canadian Commercial Finance Industry, reports that the PayNet Canadian Small Business Lending Index (CSBLI) shows originations decreased 1% from 131.1 in December... Read Story
March 15, 2016, 07:00 AM


Venture funding in the U.S. fintech sector jumped 72% in 2015, hitting a record $7.39 billion - up dramatically from $4.3 billion in 2014. The banner year was highlighted by newly minted Unicorns and increased involvement by financial services giants... Read Story
March 14, 2016, 07:10 AM


Lendio and the Small Business & Entrepreneurship Council (SBE Council), a leading advocacy and education organization dedicated to promoting entrepreneurship and strong small business growth, announced a partnership designed to support the funding... Read Story
March 14, 2016, 06:57 AM


Clients of CHP Consulting dominate some important new research on the UK's top 50 asset finance providers.Asset Finance 50 is a new ranking survey of UK business equipment and fleet lessors, based on data from their latest audited company accounts.... Read Story
March 10, 2016, 06:54 AM


Ms. Martha Ahlers, VP and COO of United Leasing, announced during the Web.com United Leasing & Finance Championship Media Day on March 7, 2016, that the company has formally changed its name to United Leasing & Finance. While there is no change in... Read Story
March 10, 2016, 06:33 AM


Ascentium Capital announced that it is now offering a specialized financing program to Independent Sales Organizations (ISO's) and to their clients, retail merchants.         "The creation of our Merchant Finance Division is an exciting opportunity... Read Story
March 09, 2016, 07:15 AM


Brocade Capital Solutions, the financing arm of Brocade Communications Systems, Inc., has selected LeaseWave from Odessa Technologies to provide end-to-end financing automation. LeaseWave will enable the seamless integration and automation of Brocade... Read Story
March 08, 2016, 07:15 AM


The report has become the definitive analysis of country trading environments and world trends in auto and asset leasing and White Clarke Group is proud that this is the 10th year that the report has been featured as the keynote commentary of the... Read Story
March 03, 2016, 07:10 AM


Cloud Lending Solutions announced the availability of CL Lease™, a proven end-to-end, cloud-based asset leasing solution that enables efficient servicing and asset management for institutional, independent and captive lessors. CL Lease is the first... Read Story
March 02, 2016, 08:00 AM


ENGS Commercial Finance Co. has launched a new user-friendly and interactive website that provides an enhanced experience for customers. The new website (www.engsfinance.com) includes: A Dealer Portal where Dealers can enter applications and track... Read Story
March 02, 2016, 07:00 AM


With no change in the combined totals from last month, February’s economic report from the National Association of Credit Management shows offsetting positive and negative trends in the sub-categories.The question for credit managers, according to... Read Story
March 01, 2016, 07:04 AM


The Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU) intended to improve financial reporting about leasing transactions. The ASU affects all companies and other organizations that lease assets such as real... Read Story
February 26, 2016, 07:18 AM


Arvest Equipment Finance (AEF) reported a boost in volume in 2015, ending the year with $187.6 million in loans and leases. Up more than 27.9 percent from 2014, when the division of Arvest Bank had year-end volume of $146.6 million in loans and... Read Story
February 26, 2016, 07:06 AM


Onset Financial has begun the year with a record start of over $22M funded in the first six weeks of 2016.  Onset has experienced 7 straight years of consistent funding growth. Their strong start to 2016 follows a banner year in 2015, and Onset... Read Story
February 25, 2016, 07:00 AM


 CIT Group announced several changes to its Board of Directors designed to include additional industry expertise and shareholder representation: Ellen R. Alemany has been appointed Chairwoman effective after John A. Thain’s retirement as Chairman... Read Story
February 22, 2016, 07:15 AM


TradeRocket announced that Hitachi Capital America Corp. has committed to provide up to $100 million of funding to the mid-market through TradeRocket's innovative supply chain finance program.    "TradeRocket has identified a market that Hitachi... Read Story
February 19, 2016, 07:10 AM


Boston Semi Equipment (BSE) and Somerset Capital Group (Somerset) jointly announced that Somerset will begin originating leases and remarketing Automated Test Equipment directly to the semiconductor market through its subsidiary, Somerset ATE... Read Story
February 19, 2016, 07:00 AM


Element Financial Corporation announced that following the completion of a strategic review of each of the Company’s business units that it initiated in October of last year, the Board of Directors has approved plans to proceed with a transaction... Read Story
February 16, 2016, 07:21 AM


Simmons First National Bank has selected the LeaseWave platform from Odessa Technologies, Inc. to administer and streamline all of its lease management processes. Simmons will also be implementing the LW Customer Portal to bring immediate value to... Read Story
February 16, 2016, 07:03 AM


DLL, global provider of asset based financial solutions launches its fourth whitepaper, ’Improving pre-owned solutions by understanding the buyer’. This whitepaper comes shortly after DLL was awarded by the World Economic Forum Young Global Leaders... Read Story
February 16, 2016, 07:00 AM


After completing its third consecutive year of greater than 25% organic growth, Rochester, NY-based First American Equipment Finance will hire to fill 30 newly-created positions at its headquarters in 2016. The financial services firm expanded its... Read Story
February 12, 2016, 07:15 AM


Linedata announced that Linedata Capitalstream has partnered with Meridian.Meridian, Ontario’s largest credit union, has signed a contract for Linedata Capitalstream, plus Linedata Hosting, to rapidly roll out the solution. Meridian, with more than a... Read Story
February 12, 2016, 07:10 AM


Mainspring Funding, a national distribution platform for investors and a lending connection source for small business borrowers, has released its newly enhanced platform, www.mainspringfunding.com, designed to give borrowers and qualified investors... Read Story
February 11, 2016, 07:05 AM


Quick Bridge Funding, a privately-held, Inc. 500 financial services firm, announced it has been named a leader and winner in the 2016 BIG Innovation Awards presented by the Business Intelligence Group based on internally building its new innovative... Read Story
February 10, 2016, 07:10 AM


National Funding announced that industry veteran Geoff Howard has joined its executive team as Executive Vice President of Technology. Howard joins National Funding from Intuit during the company's fastest-growth period, which has experienced a 172%... Read Story
February 10, 2016, 07:00 AM


Bizfi announced it originated over $142 million in business financing in the fourth quarter of 2015 - a record for any one quarter since the founding of the company and launch of the platform.Bizfi and its proprietary marketplace and funding... Read Story
February 10, 2016, 07:00 AM


Odessa Technologies announced its annual User Conference, LeaseWave2016. To be held at the Hotel Sofitel Philadelphia, June 22-24, LeaseWave2016 will bring together Odessa’s clients, partners, and industry thought leaders.The conference, spanning... Read Story
February 10, 2016, 06:50 AM


PayNet, the leader in small business credit assessment, announces the PayNet Small Business Default Index (SBDFI), an economic indicator designed to gauge small business defaults and signal insolvency across multiple sectors of the economy at the... Read Story
February 09, 2016, 07:14 AM


Allegiant Partners Incorporated released a video highlighting the advantages of promoting the Certified Lease & Finance Professional (CLFP) designation, especially with its newest generation of professionals.“The best and brightest in our industry... Read Story
February 08, 2016, 07:11 AM


Since its founding in 1991, Med One Capital has seen significant and steady growth as a provider of leasing and rental solutions for hundreds of medical facilities in communities throughout the United States. Because of the increasing customer base... Read Story
February 05, 2016, 07:00 AM


Linedata announced the launch of its digital Linedata Mobil'Ekip solution. With this application, key tasks and information can be managed and accessed from mobile platforms, such as smart phones and tablets. It operates in conjunction with the core... Read Story
February 04, 2016, 07:00 AM


BNP Paribas Leasing Solutions has deployed a new mobile solution from Cassiopae that enables introductory sources to easily produce bespoke finance quotes for their customers. The new app has been developed to complement SalesAid, a desktop... Read Story
January 27, 2016, 06:59 AM


Bloomberg reported this morning that Rabobank Group is in preliminary talks with banks, institutional investors and private-equity firms that may bid for its leasing unit, De Lage Landen International BV, in a sale that may fetch as much as 4.5... Read Story
January 26, 2016, 07:54 AM


Chesswood Group Limited announced that it has entered into a definitive agreement to sell its EcoHome Financial Inc. ("EcoHome") subsidiary to Dealnet Capital Corp. for a purchase price of approximately $35.0 million.Commercial Finance... Read Story
January 22, 2016, 07:12 AM


DLL, a global provider of asset-based financial solutions, has been chosen as the winner of the Alliance Trust Award for Circular Economy Investor. The award is part of the 2016 Circulars Awards program, organized by the World Economic Forum’s Young... Read Story
January 20, 2016, 06:51 AM


Quiktrak, a Bureau Veritas Company, announced they are launching their field services in Australia.  Scott Granger has been named its Director of Operations - Australia.  He will report to Kim Plutte, Chief Customer Officer of Quiktrak.  As Quiktrak... Read Story
January 19, 2016, 07:12 AM


Hitachi Capital America announced that its newly-formed trade finance division funded more than $1.4 billion through December 31, 2015 and plans to fund more than a total of $2 billion in its fiscal year ending March 31, 2016.Hitachi Capital America... Read Story
January 18, 2016, 07:00 AM


From the fourth quarter Phoenix Management “Lending Climate in America” Survey, results shows continued expectations for interest rate spreads to increase indicating a less attractive market for borrowers moving forward into 2016.Lenders confidence... Read Story
January 15, 2016, 07:40 AM


Balboa Capital announced it will deliver instant credit decision and electronic signature capabilities to its customers who are seeking financing for new or updated business equipment. These technologies allow for a more efficient and convenient... Read Story
January 14, 2016, 07:17 AM


GE announced that it has selected Boston for its corporate headquarters location.“GE aspires to be the most competitive company in the world,” said GE Chairman and CEO Jeff Immelt. “Today, GE is a $130 billion high-tech global industrial company, one... Read Story
January 14, 2016, 07:15 AM


Creekridge Capital announced record bookings in December and due to that strong month, pushed their annual bookings above 2015 plan. Creekridge also reports higher than expected backlog going into the first quarter of 2016."Our portfolio of vendor... Read Story
January 14, 2016, 07:13 AM


Ascentium Capital announced significant growth as the company achieved a 44% increase on total assets and a 56% increase in funded volume year over year. “In less than five years, Ascentium Capital has become a game changer in the equipment financing... Read Story
January 12, 2016, 07:14 AM


Ivory Consulting Corporation announced that Commercial Equipment Finance, Inc. (CEFI) has chosen Ivory Consulting’s SuperTRUMP as their pricing solution for equipment leases and loans. With SuperTRUMP, CEFI will gain the efficiency necessary to meet... Read Story
January 12, 2016, 07:00 AM


Global hiring demand in equipment finance and commercial lending reversed course in the fourth quarter, after five straight quarters of growth, as the Global Equipment Leasing and Asset Finance (GELAF) Index closed at 100.7. Europe showed continued... Read Story
January 11, 2016, 07:10 AM


Portfolio Financial Servicing Company (“PFSC”) announced that it has entered into a definitive agreement to act as Backup and Successor Servicer as well as Document Custodian for a commercial equipment lease and loan portfolio under the terms of a... Read Story
January 08, 2016, 07:00 AM


Element Financial confirmed that it is proceeding with the strategic review of the Company’s Canadian Commercial & Vendor Finance business vertical that it initiated in October of 2015. The Company continues to expect to be actionable on the results... Read Story
January 07, 2016, 07:12 AM


Successful launch of International Decision Systems (IDS) InfoLease® 10 portfolio management software is a significant step in helping ImageNet Consulting, LLC (ImageNet) achieve improved efficiencies and streamlined performance to enable its future... Read Story
January 07, 2016, 07:05 AM


Editor's note: The following release was issued by Orion First Financial.The equipment finance community recently lost a great one.Shannon Green spent her professional life in our industry. Her distinguished tenure includes 16 years with Financial... Read Story
January 06, 2016, 07:17 AM


Merchants Capital Resources, Inc. has changed its name to Merchants Bank Equipment Finance as of January 1, according to President Bradley R. Brolsma.“Our new name better describes what we do best, and that is financing the equipment needs of our... Read Story
January 05, 2016, 07:10 AM


Element Financial Corporation announced that the Company has closed the issuance of US$1.7 billion in term notes through Chesapeake Funding II LLC.This follows the previous issuance of US$1.5 billion in variable funding notes issued on December 16... Read Story
January 04, 2016, 07:00 AM


Recent leveraged loan price volatility presents increased risks and opportunities for CLO managers, Fitch Ratings says. Managers in volatile markets are challenged to make credit calls that may significantly affect long-term performance for CLO... Read Story
December 29, 2015, 06:58 AM


topcreditcardprocessors.com, the independent authority on merchant services, has named ExecuTech Lease Group the best equipment leasing service for December 2015. Each month the independent research team at topcreditcardprocessors.com investigates... Read Story
December 28, 2015, 06:00 AM


NetSol Technologies announced the signing of a contract currently valued at more than $100 million, which includes license, maintenance, services and expected customization, with a long-standing customer to implement NFS Ascent.The agreement calls... Read Story
December 22, 2015, 07:01 AM


First Foundation, a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, which collectively provide investment management, wealth planning, consulting, insurance, trust and... Read Story
December 21, 2015, 07:15 AM


eOriginal has been named a “Leader for Digital Transaction Management (DTM)” in the 2015 Aragon Research Tech Spectrum for DTM – Moving Beyond Paper.As a leading technology research and advisory firm, Aragon Research’s ranking of eOriginal solidifies... Read Story
December 21, 2015, 07:10 AM


Element closes rated ABS notes offered through new US$4.8 billion Chesapeake Funding II LLC conduit to fund U.S. fleet assetsElement Financial announced that the Company has closed Chesapeake Funding II LLC, the new US$4.8 billion rated asset backed... Read Story
December 17, 2015, 07:02 AM


For the first time ever, a major FinTech company and small business lender, National Funding, has announced that it will be the title sponsor of the 2015 Holiday Bowl in San Diego. The National Funding Holiday Bowl pits USC versus Wisconsin.       ... Read Story
December 17, 2015, 07:00 AM


Great Rock Capital Partners (Great Rock), a Connecticut-based investment management firm, announced the launch of its lending platform that will provide asset based and asset backed loans for middle market companies whose financing needs are not... Read Story
December 16, 2015, 07:18 AM


Bizfi announced that Metropolitan Equity Partners (“Metropolitan”) has provided a structured financing facility of $65 million to the company to drive growth. Closing this financing round enables Bizfi to: Expand its suite of funding programs... Read Story
December 16, 2015, 07:16 AM


Crestmark Bank President and Chief Operating Officer Mick Goik announced the debut of Crestmark Equipment Finance on the bank’s website: www.crestmark.com. Crestmark Equipment Finance, a wholly owned subsidiary of Crestmark Bank, was established in... Read Story
December 14, 2015, 07:00 AM


Great American Insurance Group is pleased to announce the launch of a new Mergers & Acquisitions Liability Division, its 32nd specialty property and casualty business. This business will offer primary and excess representations and warranties and tax... Read Story
December 11, 2015, 07:02 AM


National Funding announced that it is forecasting a record-breaking year in revenue, funding, employee count and office growth. The company also announced that it signed a $75M lending facility with CapitalSource, a division of Pacific Western... Read Story
December 10, 2015, 07:08 AM


Penton’s EquipmentWatch, the leader in equipment values, data and intelligence for over 50 years, has launched the 1st Annual EquipmentWatch Residual Value Awards, a new industry awards program based on asset value retention. The program recognizes... Read Story
December 10, 2015, 07:04 AM


In November 2010, PwC and Accruit joined forces to provide comprehensive 1031 like-kind exchange (LKE) programs that combine PwC’s LKE tax and technology capabilities with Accruit’s qualified intermediary (QI) expertise. With more than 30 years of... Read Story
December 09, 2015, 07:00 AM


Bill Stephenson, Chief Executive Officer and Chairman of the Executive Board of DLL, has been honored with the 2015 Lifetime Achievement Award, which goes to an individual who has helped to build and shape the international leasing industry over the... Read Story
December 08, 2015, 07:18 AM


DLL received the 2015 Green Finance Transaction of the Year Award from Leasing Life, one of the top leasing industry journals in Europe. The award recognizes the lessor judged to have completed the most significant single transaction involving a... Read Story
December 08, 2015, 07:00 AM


National Leasing, part of the CWB Group of Companies, announced the launch of National Leasing Interactive, an online quoting system that equipment sellers can use anywhere, anytime from their desktop or mobile device. This new way to quote financing... Read Story
December 08, 2015, 02:00 AM


EagleBank announced the expansion of its product offerings with the addition of a Full Service Equipment Leasing program. Equipment leasing services will be offered through EagleBank Leasing Services – an alliance between EagleBank and The ELEX Group... Read Story
December 07, 2015, 07:12 AM


For the past seven years employees at Priority One Financial Services, the recreational industry’s oldest and largest F&I outsourcing provider, have volunteered their time to Tampa Bay organizations throughout the month of November. This year... Read Story
December 07, 2015, 07:00 AM


Asset quality reversion, growing regulatory scrutiny and profitability pressures are among the challenges facing finance and leasing companies (FLCs) globally in the coming year, supporting Fitch Ratings' negative sector outlook for 2016. The Rating... Read Story
December 04, 2015, 07:16 AM


Channel Partners Capital, LLC announced a newly launched strategic partnership with Atlanta-based Syracuse Strategies LLC ("Syracuse"). Under the terms of the deal, Channel and Syracuse have combined the substantial capital resources and processing... Read Story
December 02, 2015, 07:10 AM


DLL has been shortlisted as one of the finalists for the Award for the Circular Economy Investor, part of the 2016 Circulars Awards program, organized by the World Economic Forum’s Young Global Leaders in collaboration with Accenture. The Circulars... Read Story
December 02, 2015, 06:58 AM


Allegiant Partners Incorporated announced that Clearview Financial, an Allegiant Partners Company will undergo a name and logo change to “Allegiant Partners, Clearview Commercial Division”. Allegiant Partners purchased Clearview Financial, located in... Read Story
December 01, 2015, 07:18 AM


Regents Capital Corporation announced the opening of a second office in Austin, Texas. The new location further establishes the company’s national presence in the equipment leasing and financing industry. “This is an exciting move for Regents Capital... Read Story
December 01, 2015, 07:12 AM


topcreditcardprocessors.com has named ExecuTech Lease Group the best equipment leasing service for November 2015. ExecuTech Lease Group was selected due to their effective performance in the proprietary evaluation process. While there are thousands... Read Story
November 30, 2015, 07:04 AM


Accord Financial Corp. announced the launch of AccordAccess, a unique online lending program aimed at financing growth for small and medium-sized businesses across Canada. AccordAccess is a fast, flexible working capital solution that provides... Read Story
November 25, 2015, 07:05 AM


TCF National Bank (TCF Bank), a subsidiary of TCF Financial Corporation announced it raised $175,000 during National Breast Cancer Awareness Month to benefit Susan G. Komen®. TCF Bank customers donated funds at 179 branches in Illinois and Wisconsin... Read Story
November 24, 2015, 06:37 AM


GE has signed an agreement to sell a portfolio of first lien mortgage loans from its UK Home Lending business, representing aggregate ending net investment (ENI) of approximately US$5.8 billion, to an investment consortium made up of opportunistic... Read Story
November 23, 2015, 07:00 AM


Super G Funding, LLC, a leading national provider of residual and cash flow based loans to small and midsize businesses, announced the hiring of Bob Seidenberger who will be responsible for East Coast coverage. Seidenberger is a seasoned professional... Read Story
November 20, 2015, 07:17 AM


National Funding announced a multi-million dollar expansion to its center of operations in the Eastgate Technology Park in the University Towne Centre® (UTC) area of San Diego. National Funding has increased its current physical headquarters from... Read Story
November 20, 2015, 07:14 AM


Crossroads Equipment Lease & Finance, LLC (Crossroads) launched First Continental Capital Group (First Continental); a telesales division for syndicating commercial equipment loans and leases up to $50M. This division is led by finance industry... Read Story
November 18, 2015, 06:51 AM


LeaseTeam announced that Customers Bank, a community, full-service business bank, has selected ASPIRE as the end-to-end lease and loan management solution for its Commercial Finance business. The new business unit will offer equipment finance and... Read Story
November 17, 2015, 06:59 AM


LEAF Commercial Capital announced that Moody's has upgraded five securities and affirmed sixteen others from the LEAF Receivables Funding, LLC, Series 2012-1, 2013-1 and 2015-1. The transactions are securitizations of small-ticket equipment leases... Read Story
November 17, 2015, 06:50 AM


According to a Dow Jones Business News report on NASDAQ, Sumitomo Mitsui Financial Group is set to enter exclusive talks to buy GE's Japan leasing business, a person familiar with the matter said Friday.  SMFG's offer values the business at more than... Read Story
November 13, 2015, 07:09 AM


Key Equipment Finance announced it is a winner of the Go-Tober smart commuting challenge by Way To Go, a program of the Denver Regional Council of Governments to reduce single occupancy vehicle use. Winners received a $10,000 paid mass media... Read Story
November 11, 2015, 07:00 AM


TBF Financial, a leading commercial debt-buying company, announced it closed on a $125 million deal, purchasing non-performing commercial bank loans and lines of credit on the books of a major U.S. bank, Oct. 29.The bank cannot be named, but its... Read Story
November 10, 2015, 07:17 AM


GE has reached an agreement to sell GE Capital’s Commercial Lending and Leasing portfolios in Australia and New Zealand (A&NZ) to Sankaty Advisors, the global credit affiliate of Bain Capital, advised and partially financed by Deutsche Bank. The... Read Story
November 09, 2015, 07:10 AM


Associated Equipment Distributors (AED) announced that PricewaterhouseCoopers LLP (PwC US) and Accruit have been named the preferred providers of like-kind exchange (LKE) services to their membership. PwC and Accruit have both been supporting members... Read Story
November 09, 2015, 06:53 AM


The Alta Group has completed a comprehensive remarketing program for Key Equipment Finance, resulting in the sale of 3,051 off-lease domestic dry van containers to an undisclosed buyer, Carl C. Chrappa, senior managing director of asset management... Read Story
November 06, 2015, 07:12 AM


Wintrust Commercial Finance (WCF) announced that it has purchased a $108 million portfolio of seasoned loans, leases and municipal debt.  The portfolio is secured by a variety of railcars, commercial helicopters, convenience stores, offshore remotely... Read Story
November 05, 2015, 07:11 AM


Ivory Consulting Corporation announced that Customers Bank has chosen Ivory Consulting’s flagship product SuperTRUMP as their pricing solution for equipment leases and loans in its Commercial Finance Group headquartered in Portsmouth, NH.  Using... Read Story
November 05, 2015, 06:59 AM


First American Equipment Finance has been ranked on Entrepreneur Magazine’s inaugural Top Company Cultures List, a comprehensive ranking of U.S.-based businesses exhibiting high performance cultures.  First American was recognized for creating an... Read Story
November 04, 2015, 07:15 AM


Ascentium Capital issued a $281 million small ticket equipment securitization of Ascentium Equipment Receivables LLC, Series 2015-2.This represents Ascentium Capital’s fourth securitization and third transaction since 2012 featuring both Moody’s... Read Story
November 04, 2015, 07:03 AM


LeaseAccelerator announced that sales leader and enterprise leasing expert Tim Shockley has joined the company as Vice President of Sales. Tim brings more than 20 years of experience leading top performing teams to provide IT and Financial solutions... Read Story
November 04, 2015, 06:55 AM


Odessa Technologies announced that First Financial Equipment Finance has selected LeaseWave and the LW Customer Portal to support its equipment and leasing business.  A subsidiary of First Financial Bank, First Financial has a solutions-oriented... Read Story
November 03, 2015, 07:00 AM


The Alta Group announces the expansion of its worldwide consulting and advisory business with the creation of The Alta Group Asia Pacific Region (Alta AP). Alta AP is based in Hong Kong but serves the broader Asia Pacific equipment leasing and asset... Read Story
October 28, 2015, 07:06 AM


36th Street Capital Partners, LLC, an independent provider of flexible financing solutions for the equipment leasing industry, announced it has formed a joint venture with Tennenbaum Capital Partners, LLC ("TCP”). TCP is a leading alternative... Read Story
October 26, 2015, 07:18 AM


The Board of Directors of CIT Group Inc. (NYSE:CIT), announced that Chief Executive Officer John A. Thain will retire effective March 31, 2016, and will continue to serve as Chairman of the Board of Directors, and that CIT Board Member Ellen R.... Read Story
October 22, 2015, 07:15 AM


CIT Group announced a series of strategic initiatives that are designed to advance the Company’s transition to a U.S. Commercial Bank. The Company announced that it would explore strategic alternatives for its $10 billion Commercial Air business, and... Read Story
October 22, 2015, 07:10 AM


How do Independent equipment finance companies raise capital today when banks are focused on managing regulatory compliance, anticipating new legislation and dealing with increased competition? This is the key question to be addressed in an Oct. 27... Read Story
October 22, 2015, 07:00 AM


Marlin Business Services Corp.  announced the retirement of Daniel P. Dyer from his position as Chief Executive Officer and director of the Company effective today. The Company also announced that Edward J. Siciliano, Marlin's Executive Vice... Read Story
October 21, 2015, 07:16 AM


OnDeck announced a major expansion of its product suite. The company now offers the online lending industry's widest range of term loans and lines of credit, designed to meet the vast and varied financing needs of small businesses.Small business... Read Story
October 21, 2015, 07:10 AM


Creekridge Capital announced record third quarter booked leasing volume.  For the quarter, Creekridge booked over 300 transactions ranging from $10,000 to $4,700,000. The third quarter volume growth is attributed to the expansion of their sales... Read Story
October 21, 2015, 07:05 AM


Crossroads Equipment Lease & Finance sold $117 Million worth of a trucking equipment loan portfolio. The portfolio will continue to be serviced by Crossroads. The sale for part of Crossroads trucking equipment portfolio was strategic in efforts to... Read Story
October 21, 2015, 07:00 AM


Odessa Technologies announced the successful implementation of the LeaseWave platform at Insight Investments, LLC.Focused in the IT leasing industry, Insight Investments prides itself on providing exceptional customer service assisting companies... Read Story
October 19, 2015, 07:15 AM


ZRG Partners, a leader in executive recruiting for the equipment finance and lending markets, has added Rahul Kapur as Managing Director to support growth in the Payments and Retail Banking sector.  Rahul will be part of the firm’s global financial... Read Story
October 19, 2015, 07:00 AM


One in four of U.S. small businesses and mid-sized companies are obtaining credit from non-bank providers, and—in a finding sure to catch the attention of bank executives—nearly all say the experience was so positive that they would borrow from... Read Story
October 16, 2015, 07:15 AM


LeaseQ, an online marketplace connecting businesses, equipment sellers, and equipment finance companies to make selling and financing equipment fast and easy, today announced a partnership with alternative lending platform Fund Simple, Inc., a... Read Story
October 15, 2015, 07:07 AM


Equipment Finance Advisor is pleased to announce the newest expansion of its innovative online publishing platform with the launch of its new Thought Leadership Video Series – featured exclusively on the Daily eNews Blast beginning today.Videos will... Read Story
October 15, 2015, 07:06 AM


Palladium Equity Partners, LLC (along with its affiliates, "Palladium"), a private investment firm with over $2.0 billion in assets under management, announced that one of its affiliates has made a significant investment in partnership with the... Read Story
October 15, 2015, 07:04 AM


Priority One Financial Services has announced the launch of its new website for their equipment financing services division.The new website provides an extensive list of the commercial vehicles and equipment that can be financed, such as company... Read Story
October 15, 2015, 06:25 AM


Element Financial Corporation announced that it has initiated a series of steps that will accelerate the transformation of the Company into North America's leading fleet management and services enterprise with complementary commercial finance... Read Story
October 14, 2015, 07:08 AM


First American Equipment Finance, a subsidiary of City National Bank, has selected LeaseWave from Odessa Technologies to provide back-end lease management through modern technology.  First American specializes in serving middle market and investment... Read Story
October 14, 2015, 07:02 AM


National Funding announced that it has secured additional funding from its longtime bank partner, Wells Fargo. Wells Fargo Capital Finance will increase its line of credit up to $75 million, which will help fund small business, working capital and... Read Story
October 13, 2015, 07:05 AM


According to an exclusive Reuters report, GE is in advanced talks to sell a specialty finance portfolio, worth more than $30 billion, to Wells Fargo & Co, according to a person familiar with the matter.According to the Reuters report, Wells Fargo has... Read Story
October 12, 2015, 07:15 AM


Regions Bank and Fundation Group LLC announced an agreement that will combine the strengths of one of the nation's largest full service banks with that of a leading online lender to provide small businesses with a first of its kind, coordinated... Read Story
October 09, 2015, 07:15 AM


Sterling National Bank, the principal subsidiary of Sterling Bancorp, announced it has hired Jim Gelwicks as Senior Managing Director and Yan Cheng as Senior Vice President to lead its newly formed Syndication Banking team. The team will focus on... Read Story
October 09, 2015, 07:03 AM


Global investment into the new FinTech or financial technology sector is booming in a big way. In 2014, the FinTech industry reached more than $12 billion in investment. Investors include major banks like Citi, Wells Fargo and Bank of America.... Read Story
October 08, 2015, 07:10 AM


Advantage Funding has launched a robust and interactive new web site. Equipped with payment calculators, an online application and automated customer account functionalities, the site provides an enhanced experience for customers, prospects and... Read Story
October 08, 2015, 06:19 AM


Ascentium Capital announced that it surpassed $1.5 billion in funded volume since its inception on August 4, 2011. Third quarter also resulted in strong financial performance with a funded volume increase of 48 percent over the same period last... Read Story
October 07, 2015, 07:03 AM


Marlin Business Services announced a new partnership with The Hartford, a leading property and casualty insurance carrier, to offer small businesses a broad range of commercial insurance products and coverages to protect their businesses and... Read Story
October 07, 2015, 07:01 AM


LeaseTeam announced that it has opened a new office location in the Kansas City, Kan., area. The location will serve as the home office for Executive Vice President Jeff Van Slyke and a team of employees from various business units across the company... Read Story
October 07, 2015, 07:00 AM


The most anticipated annual event in the Latin American leasing industry – the XIII Latin American Leasing Conference – will be held Nov. 12-13, 2015 in  Miami, FL.Many attendees will arrive early to participate in concurrent events Nov. 11 focusing... Read Story
October 07, 2015, 06:36 AM


Trian Fund Management, L.P. disclosed that it has become a top ten shareholder of GE with a beneficial ownership of 98.5 million GE shares currently valued at approximately $2.5 billion. GE is now Trian’s largest investment.Trian Principals Nelson... Read Story
October 05, 2015, 07:50 AM


Eastern Funding LLC, a small business lender that offers financial assistance to entrepreneurs in the laundry, dry cleaning and grocery industries, is proud to announce a brand-new feature to its already stellar loan application sales process.       ... Read Story
October 02, 2015, 07:03 AM


Ivory Consulting Corporation, a Gold level member of Oracle PartnerNetwork (OPN), announced that its flagship product, SuperTRUMP for Web, is now available in the Oracle Cloud Marketplace, offering added value to Oracle Sales Cloud customers. ... Read Story
September 30, 2015, 07:03 AM


A redesigned and more informative website and new social media pages are among recent online communications improvements introduced by JDR Solutions, an Indianapolis-based provider of equipment finance portfolio management software and... Read Story
September 29, 2015, 07:00 AM


iLease Management LLC (“iLease”), developer of the iLeasePro, the cloud-based Lease Management and Accounting solution announced a new strategic partnership with Intacct, a leader in cloud-based ERP software. iLeasePro is a cost-effective solution... Read Story
September 29, 2015, 06:45 AM


Balboa Capital is celebrating National Women’s Small Business Month in October by recognizing the many accomplishments of female business owners in the United States.“It’s an honor to recognize female business owners who made their entrepreneurial... Read Story
September 28, 2015, 07:01 AM


Pacific Rim Capital this year celebrates its 25th anniversary. In 1990 co-founders David Mirsky and Marc Mills set out with a vision of providing a professional customer-centric approach and innovative asset management to large corporate clients in... Read Story
September 28, 2015, 07:00 AM


Element Financial announced that it has received an initial issuer rating of BBB from DBRS Limited (DBRS).The Company also was awarded a rating of R-2 (middle) on its short-term instruments and a rating of Pfd-3 on its perpetual preferred shares. All... Read Story
September 25, 2015, 06:38 AM


Lendio recently released Lender Ratings and Reviews and Small Business Loan Calculators to assist business owners in their search for the best financing. These new tools provide a platform for borrowers to research a business loan product and lender... Read Story
September 24, 2015, 07:07 AM


Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide, releases proprietary research about M&A conducted as part of an exclusive partnership with Inc., the only major media brand... Read Story
September 24, 2015, 07:06 AM


Bridge Bank announced the launch of a new banking group -- Life Sciences Group (LSG) -- which will offer customized financial solutions to companies operating in the life sciences sector, including within the biotech, medical devices and pharma... Read Story
September 24, 2015, 07:04 AM


Madison Capital has selected the LeaseWave platform from Odessa Technologies to administer and streamline their lease management processes. Madison will also be implementing the LW Customer Portal, LW Vendor Portal and LW ReportBuilder to enhance the... Read Story
September 22, 2015, 06:45 AM


Commercial Credit Group Inc. (CCG) announced the closing of a 144a privately placed term asset backed security (ABS) transaction. The $310,400,000 financing was placed with a broad group of institutional investors. The financing contracts included in... Read Story
September 21, 2015, 06:58 AM


Intuit is partnering with OnDeck to launch the new QuickBooks Financing Line of Credit to provide faster access to lower-rate small business loans. This first-of-its-kind financing solution enables small businesses to use their QuickBooks Online data... Read Story
September 18, 2015, 07:16 AM


Today’s market is saturated with capital equipment investment dollars from lenders that may not have expertise in the specific sectors in which they’re lending. And while the access to capital is a boon from a low interest rate perspective, the lack... Read Story
September 18, 2015, 07:15 AM


GE [NYSE:GE] has completed the previously announced sale of its European Sponsor Finance business, representing aggregate ending net investment (ENI) of approximately US$2.1 billion, to Sumitomo Mitsui Banking Corporation Europe (SMBCE). GE has also... Read Story
September 17, 2015, 07:05 AM


Linedata announced a new version of Linedata Capitalstream. Enhancements to the Linedata Capitalstream Mobile application now make it available as a downloadable app for iPhone and Android in addition to its availability as a mobile web app. Mobile... Read Story
September 17, 2015, 07:02 AM


LeaseAccelerator announced that its LeaseAccelerator® software-as-a-service (SaaS) solution has attained SAP-certification with SAP's ERP platform as powered by the SAP NetWeaver® platform. LeaseAccelerator® has been proven to integrate with SAP®... Read Story
September 17, 2015, 07:00 AM


Merchant Cash and Capital announced that MCC has transformed into Bizfi, an online lending and aggregation platform. Due to the success of Bizfi.com, launched earlier this year, Merchant Cash and Capital is completing its operational and brand... Read Story
September 16, 2015, 07:14 AM


PayNet, a firm that provides risk management solutions and market insight to the Canadian Commercial Finance Industry reports increasing investment by privately-held Canadian businesses. The Canadian Small Business Lending Index (CBLI) which measures... Read Story
September 16, 2015, 07:04 AM


Ivory Consulting Corporation announced that Allegiant Partners has selected Ivory Consulting’s SuperTRUMP EXPRESS for Salesforce as their exclusive pricing solution for equipment financing. Ivory’s latest SuperTRUMP product enables pricing of basic... Read Story
September 15, 2015, 07:06 AM


GE announced that it has reached an agreement to sell its GE Capital, Transportation Finance business in the U.S. and Canada to BMO Financial Group (BMO). “With the sale of our Transportation Finance business to BMO, we have again found a buyer with... Read Story
September 11, 2015, 07:30 AM


Laurentian Bank of Canada (LBC) announced a partnership with the Business Development Bank of Canada (BDC), to help manufacturers across the country acquire equipment through more flexible financing options. For nearly two years, Laurentian Bank's... Read Story
September 11, 2015, 07:18 AM


Beacon Funding announced the launch of their brand new, fully responsive website, BeaconFunding.com. With an intuitive user interface and features designed to give visitors instant access to a plethora of equipment financing information, this... Read Story
September 10, 2015, 06:53 AM


Effective July 15, 2015, Flamm Walton PC, a Blue Bell business practice law firm, changed its name to Flamm Walton Heimbach & Lamm PC. The reason for the change is the acquisition by Flamm Walton of The Lamm Group, a group of lawyers presently in... Read Story
September 10, 2015, 06:00 AM


Med One Capital, a medical equipment leasing and rental company, has recently established a Board of Directors to guide the future growth of the company. Comprised of prominent local business leaders, this board will help in the governance of the... Read Story
September 09, 2015, 06:55 AM


Organizations are continuing to see the power, flexibility, and security of credit adjudication of leases and loans in Salesforce.com.  Tamarack Consulting worked with PayNet Inc., the nation’s leading provider of small business credit ratings, to... Read Story
September 08, 2015, 08:27 AM


Reuters reported Japanese banks are among bidders for GE's local commercial lending and leasing operation, sources told Reuters on Friday.According to the Reuters report, Orix Corp. and the leasing units of Sumitomo Mitsui Financial Group, Mitsubishi... Read Story
September 04, 2015, 08:00 AM


Linedata announced that Linedata Capitalstream has been shortlisted for a CIR Risk Management Award.  Celebrating their 6th year, the Risk Management awards have experienced the highest number of entries on record, making it an even greater... Read Story
September 04, 2015, 07:00 AM


ATEL Capital Group has successfully launched several new private institutional funds generating commitments of $500MM of equity.  This capital will be invested in low-tech equipment operating leases with high quality corporate credits and Fortune... Read Story
September 02, 2015, 07:15 AM


CHP Consulting has announced new London headquarters to accommodate its growing headcount.As of 1st September, CHP takes up residence at Moor Place, EC2, a location chosen for its light and space as well as location and size. CHP has also expanded in... Read Story
September 02, 2015, 07:00 AM


Bloomberg reported Wells Fargo has emerged as the front-runner to buy GE's railcar-financing unit, people with knowledge of the matter said.According to the Bloomberg report, an agreement to buy the business, with more than $4 billion in assets... Read Story
August 28, 2015, 07:08 AM


CIT Group announced a joint venture with funds managed by TPG Special Situations Partners (TSSP), the dedicated special situations and credit platform with over $12 billion of assets under management, and part of TPG, a leading global private... Read Story
August 27, 2015, 07:10 AM


Inc. magazine ranked Navitas Lease Corp. number 523 on its 34th annual Inc. 5000, an exclusive ranking of the nation's fastest-growing private companies. This is the second consecutive year that Navitas has made the elite Inc. 5000 rankings.  The... Read Story
August 25, 2015, 07:03 AM


TFG Financial Corporation has selected LeaseWave® from Odessa Technologies to deliver a centralized, end-to-end lease management solution. TFG is an equipment financing company headquartered in Burnaby, Canada. “To enable growth our goal is to... Read Story
August 25, 2015, 07:00 AM


Bloomberg reported that General Electric has held exploratory talks about relocating its headquarters to Atlanta from Connecticut, according to people familiar with the matter.According to the Bloomberg report, GE may meet with developer Tishman... Read Story
August 20, 2015, 07:10 AM


LeaseTeam announced that longtime customer Commercial Industrial Finance (CI Finance), an equipment leasing and finance business with more than 30 years of experience providing sales-aid finance programs to manufacturers, vendors and distributors... Read Story
August 19, 2015, 07:00 AM


Blue Bridge Financial topped the list of the fastest growing companies in Western New York at the Fast Track Awards presented by Buffalo’s Business First, an American City Business Journals Publication. The awards are presented to privately held... Read Story
August 18, 2015, 07:05 AM


Ivory Consulting Corporation announced that Wintrust Commercial Finance, a division of Wintrust Financial Corporation, selected Ivory’s flagship product, SuperTRUMP, to support its growth as a new provider of highly sophisticated loan and lease... Read Story
August 18, 2015, 07:00 AM


Quick Bridge Funding announced it ranked No. 5 on the Inc. magazine exclusive 2015 list of America’s Fastest-Growing Private Companies – the Inc. 500. Quick Bridge Funding achieved its rank by attaining a three-year growth rate of 24,138 percent with... Read Story
August 17, 2015, 07:15 AM


Spectra254, a provider of UV-C light disinfection solutions, announces that it has launched a complete offering of alternative financing programs to allow customers to rent any of its Spectra UVC disinfection solutions. The rental program is... Read Story
August 17, 2015, 07:11 AM


Small business loan approval rates through institutional investors and alternative lenders remained higher than any other category in July 2015, according to the Biz2Credit Small Business Lending Index, the monthly analysis of 1,000 loan applications... Read Story
August 14, 2015, 07:16 AM


LeaseTeam announced that it has been named to Inc. magazine’s 2015 Inc. 5000 list recognizing the fastest-growing privately held companies in America. This distinguished editorial award is based on the percentage growth of a company’s annual revenue... Read Story
August 13, 2015, 07:10 AM


Channel Partners LLC announced today a new, broad-based funding partnership with Chicago-based Monroe Capital LLC (“Monroe”). Under the terms of the deal, affiliate Channel Partners Capital secured a minority equity investment from Monroe and closed... Read Story
August 13, 2015, 07:08 AM


Balboa Capital is taking the steps necessary to maintain excellent customer service during its record year of growth in 2015. The company has added more than 100 new employees during the past twelve months to accommodate its increased volume in small... Read Story
August 13, 2015, 06:46 AM


Beacon Funding introduces its Equipment Leasing Calculator iPhone app.  This free app, created by the Beacon Funding development team, offers a unique mobile solution for the equipment financing and leasing application process. With this new app... Read Story
August 12, 2015, 06:50 AM


In an exclusive report, Reuters reported Capital One Financial is in exclusive talks to acquire General Electric Co's U.S. healthcare finance unit, in a deal likely to top $10 billion, according to people familiar with the matter.According to the... Read Story
August 07, 2015, 07:15 AM


National Funding and Quick Bridge Funding announced Project Navigator, a joint venture that allows small business loan brokers to present potential deals to two lenders at once. National Funding is one of the country’s largest private direct lenders... Read Story
August 06, 2015, 07:19 AM


Ivory Consulting announced Fairfield Capital Group, LLC selected Ivory’s flagship product, SuperTRUMP, to support its growth into tax-advantaged solutions for its customers in middle market and highly leveraged companies as well as small and mid-size... Read Story
August 06, 2015, 07:10 AM


Venturing beyond their normal medical industry clientele, Med One Capital announced the company now offers leases to businesses that operate in other industry and equipment sectors.At a time when small and middle market business is booming, Med One... Read Story
August 05, 2015, 07:18 AM


Patriot Equipment Finance, LLC. ("PEF") is expanding and opening their first of several offices in Canada. This office will allow PEF to better serve existing and future clients in a market where they already had many existing relationships. "This... Read Story
August 05, 2015, 07:10 AM


Penton’s EquipmentWatch, the world's leader in data, software and insights for the heavy equipment industry, has published its first Heavy Equipment Residual Value Report. The introductory 2015 report supplies the industry’s first source of precise... Read Story
August 05, 2015, 07:05 AM


Reuters reported General Electric Co.'s GE Capital unit for now will remain designated as "systemically important" - a tag that carries greater regulatory scrutiny. Reuters cited an announcement made by a U.S. regulatory panel.The Financial Stability... Read Story
August 03, 2015, 07:35 AM


Loeb recently expanded its operations within the Midwest when it opened its Detroit office earlier this month. The office will house a team focused on used machinery and equipment sales as well as business development for related services such as... Read Story
July 30, 2015, 07:24 AM


Ivory Consulting Corporation  announced it has launched SuperTRUMP EXPRESS on the Salesforce AppExchange to integrate basic loan and lease pricing processes into Salesforce. SuperTRUMP EXPRESS empowers businesses to connect with customers, partners... Read Story
July 30, 2015, 07:15 AM


Aztec Financial, LLC has selected LeaseWave from Odessa Technologies to deliver a centralized, end-to-end lease management solution. Aztec is a leading provider of equipment and vehicle financing to specialty contractors in industries including... Read Story
July 30, 2015, 07:10 AM


Increasingly equipment finance companies are choosing to manage their front office operations on Salesforce.com.  Lessors now have the opportunity to integrate their Salesforce implementation with TURBO-Lease by Better Programs, Inc.  This... Read Story
July 30, 2015, 07:00 AM


Marlin Business Bank today unveiled FundingStream.com, a website that allows small business owners to apply online for loans of up to $100,000 in a matter of minutes, using an intuitive and simple web-based loan application portal.The launch of... Read Story
July 29, 2015, 07:14 AM


Commonwealth Capital Corp., announced today that Chairman and Chief Executive Officer Kimberly A. Springsteen-Abbott has been honored as a 2015-2016 inductee into the National Association of Professional Women's (NAPW) VIP Woman of the Year Circle."I... Read Story
July 28, 2015, 07:00 AM


Bloomberg reported Capital One Financial Corp. and Apollo Global Management are poised to make final bids for General Electric Co.’s health-care finance unit, people with knowledge of the matter said.According to the Bloomberg report, final offers... Read Story
July 27, 2015, 07:05 AM


According to the ZRG Partners Global Hiring Index, hiring demand in equipment finance and lending showed another quarter of overall increase, driven primarily by U.S. and Germany hiring demand. The GLSI ended the quarter over 100 for the first time.... Read Story
July 24, 2015, 07:18 AM


Element Financial announced that the United States Federal Trade Commission has granted early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (“HSR Act”) with respect to the Company’s pending... Read Story
July 24, 2015, 06:59 AM


Equipment leasing and finance businesses can tap into an array of expert asset management services with The Alta Group’s new ExpertAccess program, CEO John C. Deane announced today. Deane said nearly a dozen companies already subscribe to the program... Read Story
July 22, 2015, 07:00 AM


Mintaka Financial announced that Summit Commercial Finance has invested in Mintaka Financial, joining the company with 11 other leading commercial finance firms as an equity stakeholder.“Mintaka Financial is pleased to have Summit Commercial Finance... Read Story
July 22, 2015, 06:49 AM


Ivory Consulting Corporation announced that Stonebriar Commercial Finance selected Ivory’s flagship product, SuperTRUMP, to support its growth as a new provider of financing solutions to a broad range of middle market and large business enterprises... Read Story
July 21, 2015, 07:00 AM


Small business alternative lending company Merchant Cash and Capital (MCC) and its family of companies, including the newly launched Bizfi, announced the origination of more than $115 million in business financing in the second quarter of 2015. This... Read Story
July 20, 2015, 07:09 AM


Bloomberg reported General Electric Co. is getting more bullish about profit prospects from industrial operations as Chief Executive Officer Jeffrey Immelt accelerates efforts to shrink the GE Capital finance unit.According to the Bloomberg report... Read Story
July 17, 2015, 07:11 AM


Wheeler Business Consulting LLC has published its first book, Call to Action.  Scott A. Wheeler CLFP, a thirty-four year veteran in the commercial equipment leasing and finance industry, has compiled his favorite sales tips into an easy-to-read... Read Story
July 16, 2015, 06:45 AM


Ascentium Capital announced strong financial results for the quarter ended June 30, 2015, with a record funded volume increase of 51% over the same period last year.“We had an impressive second quarter with assets reaching $773 million, representing... Read Story
July 15, 2015, 06:40 AM


TIP Capital, a Crestmark Bank Company, has selected Ivory Consulting Corporation’s SuperTRUMP, its proven software solution for accurate modeling and pricing of equipment leases and loans, to enhance its commercial financing capabilities for customer... Read Story
July 15, 2015, 06:17 AM


Balboa Capital announced today that it has completed a $230 million securitization of equipment lease and loan backed notes. This is the company’s third term securitization. Balboa Capital will use this additional capacity to fund the company’s... Read Story
July 14, 2015, 07:09 AM


Bloomberg reported General Electric will seek initial bids for its Japanese leasing business in late August, said people with knowledge of the situation.According to the Bloomberg report, GE will distribute documents with information on the business... Read Story
July 10, 2015, 07:11 AM


Heritage Global Inc, a leader in distressed and surplus corporate and financial asset valuations and transactions, announced the launch of Heritage Global Capital (“HGC”), its newly formed fixed asset financing services division. HGC complements and... Read Story
July 08, 2015, 07:17 AM


In an 8-K filing, GE provided an update on the charges the company has taken in connection with its plan to exit most GE Capital assets over the next couple years. According to the 8K filing, on April 10, 2015, General Electric Company ("GE")... Read Story
July 08, 2015, 06:17 AM


Key Equipment Finance announced that Lori G. Frasier, senior vice president of strategy and performance management, has graduated from Leadership Program of the Rockies (LPR). The multi-faceted, nine-month training program combines the study of the... Read Story
July 08, 2015, 06:15 AM


The U.S. economic environment continues to be ideal for asset-backed lending, according to a new research report from Old Hill Partners Inc.In its 2015 midyear update, Old Hill Partners' CEO John Howe notes the private lending space continues to be... Read Story
July 06, 2015, 07:18 AM


Reuters reported GE Capital Chief Executive Keith Sherin told Reuters in an interview Tuesday that he expects the pace of GE Capital asset sales will accelerate in the third quarter.Reuters notes that a hefty portion of the businesses that have yet... Read Story
July 01, 2015, 07:11 AM


Bloomberg reported Element Financial is looking for more deals after announcing a $6.9 billion acquisition of GE Capital’s fleet business.According to the Bloomberg report, Element Chief Executive Officer Steve Hudson said he’s eyeing Hertz Global... Read Story
June 30, 2015, 07:16 AM


GE announced that Sumitomo Mitsui Banking Corporation Europe Limited (SMBCE), a wholly owned subsidiary of Sumitomo Mitsui Banking Corporation (SMBC) has made an agreed offer to acquire GE’s European Sponsor Finance business for approximately US$2.2... Read Story
June 30, 2015, 07:10 AM


Commonwealth Capital Corp. was recently honored with four awards during DiversityBusiness.com's 15th Annual National Summit held at the Harvard Club in New York City on Thursday, April 30. This year, Commonwealth was recognized as one of the Top 50... Read Story
June 30, 2015, 07:04 AM


Bloomberg reports that Capital One Financial Corp. and Apollo Global Management have made offers for General Electric Co.’s health-care finance unit, which could fetch more than $11 billion, according to people familiar with the matter.In addition... Read Story
June 26, 2015, 07:10 AM


DLL launches its second white paper, ’Complement new equipment sales with pre-owned assets’, to refute manufacturers’ anxiety for cannibalization and highlight its strategic benefits. DLL concludes that remanufactured pre-owned equipment product... Read Story
June 25, 2015, 07:12 AM


First American Equipment Finance announced that after surveying nearly 90,000 millennials, Great Place to Work® and Fortune have recognized First American as one of the 100 Best Workplaces For Millennials in the country. This ranking comes from an... Read Story
June 24, 2015, 07:05 AM


The Wall Street Journal reported Sumitomo Mitsui Financial Group (SMFG) is interested in  General Electric's U.S. railway-leasing business, according to people familiar with the matter. According to The Wall Street Journal report, GE Capital Rail... Read Story
June 23, 2015, 07:15 AM


Element Financial Corporation announced the closing of a US$1.21 billion debt offering of ECAF I Ltd., Series 2015-1 Notes (the “Offering”). The Company acted as structurer in the formation of ECAF I Ltd. and sourced the third-party institutional... Read Story
June 23, 2015, 07:10 AM


U.S. District Court Judge Michael W. Mosman sentenced Bryan Scott Gunn, 40, of Victorville, California, yesterday to 20 months in prison for coning investors out of almost $1 million. Judge Mosman also sentenced Gunn to serve three years of... Read Story
June 18, 2015, 07:05 AM


PayNet announces Risk Insight Suite®, a new interactive platform, providing instant access to credit performance data and industry analysis on the small business sector of the economy at www.sbinsights.net. U.S. small businesses are an important, but... Read Story
June 18, 2015, 07:01 AM


LeaseTeam recently held its annual Users’ Conference in downtown Omaha, Neb. The three-day event was open to LeaseTeam clients and prospective business partners alike, and reinforced the Company’s commitment to building partnerships and providing an... Read Story
June 18, 2015, 07:00 AM


LeaseTeam announced that Satellite Finance Limited, one of the fastest growing sales-aid leasing finance brokerages in the U.K., has gone live with ASPIRE. The installation marks LeaseTeam’s second U.K. customer to be live with the ASPIRE platform.... Read Story
June 17, 2015, 07:05 AM


CIT Group announced that its Livingston-based employees and vendors collected more than 44 tons (88,000 pounds) of food as part of its company-wide 2015 Shared Harvest Food Drive Initiative. The amount, which equates to more than 72,500 meals... Read Story
June 17, 2015, 06:18 AM


Noesis, the online lending marketplace for financing industrial equipment, such as lighting, HVAC, and other energy-saving commercial building improvements, announced the launch of its promotional financing program that will help accelerate the sales... Read Story
June 17, 2015, 05:00 AM


Bloomberg reported Wells Fargo and Toronto-Dominion Bank are exploring offers for a batch of U.S. commercial-lending businesses.According to the Bloomberg report, Capital One Financial Corp. and U.S. Bancorp are also weighing bids for the businesses... Read Story
June 12, 2015, 07:10 AM


The Wall Street Journal reported Wells Fargo & Co.’s wholesale-banking head,  Timothy Sloan, said the bank expects continued growth through acquisitions, such as buying portfolios or selectively buying businesses.According to The Wall Street Journal... Read Story
June 11, 2015, 07:18 AM


eOriginal announced a Rating Agency-approved, top five U.S. bank has standardized on eOriginal’s eAsset® Management Solution for their document custodial services. As one of the largest third-party document custodians, the financial institution has... Read Story
June 10, 2015, 07:00 AM


GE announced today that it has reached an agreement to sell its U.S. Sponsor Finance business and a $3 billion bank loan portfolio to Canada Pension Plan Investment Board (CPPIB) in a transaction valued at approximately $12 billion.“We are excited to... Read Story
June 09, 2015, 07:00 AM


NetSol Technologies announced that BNPP-Geely, a joint venture between Geely Automobile Holdings Limited and BNP Paribas Personal Finance, chose NetSol's NFS Wholesale Finance System (WFS) to provide its auto dealers with a software platform to... Read Story
June 09, 2015, 05:53 AM


Bloomberg reported GE. is poised for a $12 billion deal as soon as Monday to sell more than half of its U.S. private-equity lending arm to Canada Pension Plan Investment Board while Ares Management LP seeks to buy the rest of that business, people... Read Story
June 08, 2015, 07:10 AM


Bloomberg reported General Electric has put virtually all of its U.S. commercial loan businesses on the market after hiring banks to unload $20 billion of assets in its health-care, railcar and franchise finance divisions, according to people with... Read Story
June 04, 2015, 07:16 AM


Lease Corporation of America (LCA) announced that as of April 30, 2015 it has, from its inception, extended credit to approximately 70,000 entities including business, governmental units and charitable organizations.  This activity has involved over... Read Story
June 04, 2015, 07:15 AM


The Alta Group and Genpact announced a newly-expanded strategic alliance that will provide comprehensive management, information technology (IT), application consulting, and hosted solutions to equipment lessors and other commercial and consumer... Read Story
June 03, 2015, 06:59 AM


Reuters reported General Electric has launched the sales process for a roughly $40 billion portion of its U.S. commercial lending assets, a source familiar with the situation said on Sunday.Reuters cites a report from The Wall Street Journal... Read Story
June 01, 2015, 07:14 AM


Reuters reported that General Electric is prioritizing the sale of businesses that provide lending to U.S. and European private equity firms, and to healthcare-related businesses, GE Capital's top executive said on Wednesday.Reuters reported that... Read Story
May 28, 2015, 07:07 AM


GE said that it is in advanced talks to sell assets in the $9 billion vehicle fleet-management business to Element Financial Corp., Bloomberg reported citing people familiar with the matter.Quoting the people, the Bloomberg report said that no deal... Read Story
May 27, 2015, 07:20 AM


Madison Capital, a longtime customer of eOriginal, Inc., announced it has made further strides in automating and streamlining its business processes by adding new features to its integrated Digital Transaction Management (DTM) solution powered by... Read Story
May 27, 2015, 07:12 AM


TCF Financial Corporation announced a comprehensive rebranding of the financial services company, including a new logo, branded materials and advertising. The rebrand aligns TCF’s businesses in retail and commercial banking, commercial leasing... Read Story
May 27, 2015, 07:10 AM


The global leasing industry started 2015 with positive expectations that remain undaunted, despite political and fiscal tensions casting long shadows. These are among the findings of the new Asset Finance International White Clarke Group Global Asset... Read Story
May 26, 2015, 07:10 AM


Bloomberg reported General Electric is running ahead of schedule on its plan to shed the bulk of its lending unit, with about $100 billion of assets to be unloaded this year.The Bloomberg report notes Chief Executive Officer Jeffrey Immelt stated he... Read Story
May 21, 2015, 07:10 AM


LeaseTeam and eOriginal announced that they have collaborated to deliver a fully digital transaction management (DTM) solution for OnePlace Capital, an equipment financing company servicing U.S. medical, dental and veterinary practitioners. The joint... Read Story
May 20, 2015, 07:03 AM


Commercial borrowing by small and medium-sized businesses in Canada rose slightly in the first quarter. Canadian Business Lending Index rose to 206 in the first quarter from 204 in the fourth quarter. The positive in this number is the quarterly... Read Story
May 20, 2015, 06:30 AM


How do you stay ahead of the curve in credit and collections management, even with an uptick in new business volume? When senior credit and collections executives gather in Washington, D.C., next month for the Equipment Leasing and Finance... Read Story
May 20, 2015, 06:00 AM


TEQlease Education Finance, a nationwide provider of equipment lease financing solutions, has released a white paper to provide a guide to charter schools about equipment lease financing solutions, general lease terms, best practices, specific... Read Story
May 18, 2015, 06:00 AM


Marlin Business Services announced the availability of Marlin eLink, a new technology solution that gives commercial equipment vendors the ability to integrate financing options directly into their ecommerce sales platform.Marlin eLink is a web... Read Story
May 15, 2015, 07:00 AM


NXT Capital announced the closing of NXT Capital CLO 2015-1, a $408 million CLO. The financing, NXT’s fourth CLO in as many years, is secured almost exclusively by middle market senior secured loans originated by NXT. The CLO has a four-year... Read Story
May 14, 2015, 07:00 AM


Sparta Commercial Services announced that the United States District Court for the Southern District of New York has denied DZ Bank AG Deutsche Zentral-Genossenschaftsbank, Frankfurt am Main, New York Branch's ("DZ Bank") motion for summary judgment... Read Story
May 14, 2015, 06:43 AM


The Wall Street Journal reports General Electric Co. is putting its $5 billion Japanese commercial finance operation, a key piece of GE Capital’s Asia operations, up for sale according to people familiar with the situation.According the The Wall... Read Story
May 13, 2015, 07:12 AM


LeaseTeam announced that East West Equipment Finance, a newly-launched division of East West Bank, which offers a full array of equipment leasing and financing solutions customized to various business needs, has selected ASPIRE™ as its end-to-end... Read Story
May 13, 2015, 07:08 AM


The leasing industry started 2015 with positive expectations. In the US, lenders reported confidence levels not seen for four years, with demand for leasing in the transportation and construction industries on the increase as the economy rebuilds.... Read Story
May 13, 2015, 07:00 AM


Nations Equipment Finance reported that they closed $73MM in equipment financings during the first quarter of 2015."Nations is off to a strong start in 2015 and we are very optimistic about the rest of the year," said Phil Carlson, CEO of Nations.... Read Story
May 12, 2015, 07:12 AM


Creekridge Capital, a nationwide independent vendor financing company, surpassed $1 billion in funded volume and added several new vendor partners in 2015.From the period 2002 forward, Creekridge Capital has surpassed $1 billion in funded lease... Read Story
May 12, 2015, 07:10 AM


North Mill Equipment Finance announced the closing of its inaugural securitization transaction, NMEF Funding 2015-A, which was completed on May 7, 2015. NMEF Funding 2015-A issued two classes of equipment finance-backed notes totaling $122 million... Read Story
May 12, 2015, 07:03 AM


DocuSign, Inc. (DocuSign®) and eOriginal, Inc. announced that Financial Pacific Leasing, Inc., an Umpqua Bank company, has fully digitized its end-to-end transaction lifecycle with the companies' joint Digital Transaction Management (DTM) solution.... Read Story
May 11, 2015, 07:05 AM


The Wall Street Journal reports that General Electric Co. has taken steps to prevent key employees at GE Capital from leaving the company offering retention bonuses to select executives, according to people familiar with the matter. The Wall Street... Read Story
May 08, 2015, 07:12 AM


Thousands more American small businesses will have better access to quality, affordable growth capital thanks to a new partnership between Funding Circle and the National Small Business Association (NSBA). Through the partnership, Funding Circle... Read Story
May 08, 2015, 07:00 AM


Commercial Equipment Finance, Inc., a leading provider of commercial financing and leasing solutions in Puerto Rico, was awarded with the 2015 Financial Institution award by the Puerto Rico Producers Association on April 30th, 2015.Ricardo A. Rios... Read Story
May 07, 2015, 06:00 AM


LeaseAccelerator announced that sales leader and go-to-market strategist Jay McGlynn has joined the company as Chief Revenue Officer. Jay brings more than 40 years of enterprise technology sales experience to a team delivering comprehensive Equipment... Read Story
May 07, 2015, 06:00 AM


LEAF Commercial Capital announced the closing of a new securitization transaction, LEAF 2015-1, which was completed on April 30, 2015.Through LEAF 2015-1, LEAF securitized a portfolio of approximately $336 Million of commercial equipment leases and... Read Story
May 06, 2015, 07:09 AM


On April 1, 2015, JCB Finance began partnering with Bank of the West as a branded virtual joint venture (VJV) captive finance company. With this agreement Bank of the West will handle all retail and leasing transactions for JCB’s U.S. based... Read Story
May 05, 2015, 06:55 AM


Key lessons from the 2009-2010 financial crisis have not been learned, according to private lending specialist Old Hill Partners, Inc. in its latest market commentary.Covenant-light lending now makes up two-thirds of all new leveraged loans, and... Read Story
May 01, 2015, 07:00 AM


Maxim Commercial Capital announced it has brought a new level of ease and speed to the commercial trucking financing industry with an integrated Digital Transaction Management (DTM) solution from DocuSign, Inc. (DocuSign®) and eOriginal, Inc.  By... Read Story
April 29, 2015, 07:09 AM


Commercial Credit, Inc. (CCI), the parent company of Commercial Credit Group Inc. (CCG), announced the launch of its initial public offering of 7,250,000 shares of its common stock pursuant to a registration statement on Form S-1 filed with the... Read Story
April 28, 2015, 06:45 AM


Bloomberg reported SunTrust, Apollo Global Management and Ares Management are weighing offers for a General Electric unit that lends to private-equity firms, people familiar with the matter said.Bloomberg reports that concern over possible staff... Read Story
April 27, 2015, 07:14 AM


Ascentium Capital announced strong growth during first quarter 2015. The company obtained a 77.3% increase in volume over the same period last year and with assets near $743 million, a 69.3% increase was achieved.Ascentium Capital is now ranked as... Read Story
April 24, 2015, 07:28 AM


Meridian Leasing Corporation a LeaseWave® customer and one of the largest independent lessors in the IT industry, has gone live with the LeaseWave® Customer Portal (“LW Customer Portal”) from Odessa Technologies, Inc. The LW Customer Portal is one of... Read Story
April 24, 2015, 07:15 AM


North Mill Equipment Finance LLC (“North Mill”) announced that it has increased the size of its senior loan facility with Wells Fargo Capital Finance to $75 million. The increased loan facility will enable North Mill to expand its business of... Read Story
April 22, 2015, 07:03 AM


LeaseTeam announced that Channel Partners LLC, a leading provider of working capital solutions to small businesses across the country, has selected ASPIRE™ as its end-to-end loan management solution. ASPIRE offers a single platform for Channel... Read Story
April 22, 2015, 07:02 AM


First American Equipment Finance was named as one of the 65 Best Companies to Work for in the state of New York for the fourth consecutive year.  “First American is blessed with a smart, innovative, hardworking staff that is dedicated to building the... Read Story
April 22, 2015, 07:00 AM


Reuters reported that General Electric is in early-stage talks with Wells Fargo & Co about selling its entire $74 billion U.S. commercial lending and leasing (CLL) portfolio to the bank, according to a source familiar with the situation.According to... Read Story
April 21, 2015, 07:04 AM


Wintrust Financial Corporation ("Wintrust") has expanded its lease and equipment finance operation capability with the addition of Wintrust Commercial Finance, an equipment-focused financing group located in Texas. The group will provide highly... Read Story
April 21, 2015, 07:03 AM


GSG Financial LLC announced it has expanded its Leadership Training Program and is now accepting applications for the third annual class.The GSG Leadership Training Program was established in 2013 to encourage young talent to pursue a career in... Read Story
April 21, 2015, 07:00 AM


Bloomberg reported General Electric has held talks with “a broad geographic spectrum” of sovereign wealth funds as part of the effort to sell the bulk of its lending business, Chief Financial Officer Jeff Bornstein said.According to the Bloomberg... Read Story
April 20, 2015, 07:10 AM


Liquidity Services, a global solution provider in the reverse supply chain with the world’s largest marketplace for business surplus, is pleased to announce the introduction of a new brand. The new brand consolidates the Company’s marketplace brands... Read Story
April 17, 2015, 07:02 AM


To support the small business community, Merchant Cash and Capital (MCC), one of the pioneers in alternative financing, created Bizfi, a connected online marketplace designed specifically to help small businesses compare funding options from... Read Story
April 15, 2015, 07:18 AM


DLL annunced it released a new white paper, “Realizing Opportunities of a Circular Business Model”, to provide practical guidance for business leaders preparing for the circular economy. According to a DLL press release, the circular economy is a... Read Story
April 15, 2015, 07:00 AM


Penton's EquipmentWatch, the world's leader in heavy construction research, used equipment pricing and auction intelligence, has just released the "2015 Winter Mega Auction Analysis," an annual report that identifies unique benchmarks and performance... Read Story
April 14, 2015, 07:32 AM


GE today announced that it will create a simpler, more valuable company by reducing the size of its financial businesses through the sale of most GE Capital assets and by focusing on continued investment and growth in its world-class industrial... Read Story
April 10, 2015, 07:07 AM


First Midwest Bank announced the launch of First Midwest Equipment Finance. First Midwest Equipment Finance represents a re-brand of National Machine Tool Financial Corporation, a leasing company that First Midwest Bank acquired in 2014. First... Read Story
April 10, 2015, 07:05 AM


Modern Bank, N.A. announced that Michael C. Nedder has joined the bank as Managing Director and Head of Asset Finance.  He will be responsible for growing the new business lines of Equipment Finance and Asset Based Lending.  Asset Finance will be... Read Story
April 10, 2015, 07:03 AM


Quick Bridge Funding, a privately-held financial services firm, announced its move to new headquarters in Market Place Center. Previously located in Orange, the company has increased its physical footprint to 17,000 square feet in Irvine, California.... Read Story
April 09, 2015, 07:00 AM


Accruit, LLC, the nation’s leading provider of qualified intermediary (QI) services and 1031 like-kind exchange (LKE) program solutions, announced that they have been selected as the QI for Pride Equipment, a family-owned and operated company based... Read Story
April 07, 2015, 07:05 AM


Penton's EquipmentWatch, the world's leader in heavy equipment data, intelligence and insights, announced the launch of the Tier 4 Benchmark Report. Created in partnership with the Association of Equipment Management Professionals (AEMP), the... Read Story
April 06, 2015, 07:13 AM


According to ACT Research, March was the first month in the past six in which Classes 5-8 MD & HD orders fell below the 50,000 unit mark. For the month, 44,700 Classes 5-8 vehicle orders were booked, down 2% compared the March 2014 (±5%).  Note:... Read Story
April 03, 2015, 07:11 AM


Arvest Equipment Finance (AEF), a division of Arvest Bank, continued to see steady growth in 2014, ending the year with $146.4 million in loans and leases. That number represents a year-over-year increase of 9.2 percent in volume.This time last year... Read Story
April 01, 2015, 07:11 AM


The first quarter Phoenix Management "Lending Climate in America" Survey, results show increased expectations for domestic commercial lending over the next six months. In Q1 2015, domestic lending expectations increased in all categories when... Read Story
March 31, 2015, 07:00 AM


Odessa Technologies has donated computers, office equipment and supplies to local Philadelphia organization 12+.The items donated are currently being used to help outfit 12+’s newest PLUS Center at Penn Treaty High School. In addition to several... Read Story
March 31, 2015, 06:48 AM


Austin Financial Services, Inc. (“Austin”) and Diamond Creek Capital, LLC (“DCC”) announced today their formation of a strategic alliance. The alliance of DCC, a special situations cash flow and enterprise value lender, and Austin, a privately funded... Read Story
March 30, 2015, 06:00 AM


Monroe Capital announced an increase in the credit facility to OSG Billing Services (“OSG”) to support the acquisition of DoublePositive Marketing Group, Inc (“DoublePositive”). Based in Baltimore, Maryland, DoublePositive is a performance-based... Read Story
March 27, 2015, 06:44 AM


Element Financial announced that it has appointed independent director William Lovatt as Chairman of the Company’s board of directors, effective as of April 1, 2015. This appointment aligns Element with optimal corporate governance standards where... Read Story
March 26, 2015, 07:10 AM


Chesswood Group Limited announced its results for the year ended December 31, 2014. Chesswood had its fourth consecutive year of record earnings in 2014. Income before taxes was $20.4 million for the year, compared to $19.7 million in the prior year.... Read Story
March 26, 2015, 07:00 AM


Fleet Advantage announced that they completed the year with $232.6 million in lease originations along with additions of several new high profile clients.Fleet Advantage’s Greenhouse Gas (GHG) initiative, highlighted by EXchangeIT™, continues to... Read Story
March 25, 2015, 06:43 AM


CSI Leasing, Inc. (“CSI”) announced that it has reached an agreement with Century Tokyo Leasing Corporation (“CTL”), one of the largest leasing companies in Japan, on the purchase of approximately 35 percent of the common stock of CSI. CSI is one of... Read Story
March 24, 2015, 07:05 AM


Commercial Credit, Inc. (CCI), the parent company of Commercial Credit Group Inc. (CCG), announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (“SEC”) relating to a proposed initial public... Read Story
March 23, 2015, 07:07 AM


Corporate Leasing Associates, Inc. (CLA) a leader in the Equipment Leasing and Financing industry announced that the company has been recognized by DiversityBusiness.com in their annual listing of the top women owned businesses in the United States.... Read Story
March 20, 2015, 07:02 AM


GreatAmerica Financial Services Corporation completed its 14th term securitization in the amount of $452.6 million, 93% of which was rated AAA or higher. The total amount of GreatAmerica inception-to-date bond issuances is approximately $4.2 billion.... Read Story
March 19, 2015, 07:09 AM


Marlin Business Services Corp. announced the launch of Funding Stream, a new, flexible loan program of Marlin Business Bank, Marlin's wholly owned, federally regulated commercial bank. Funding Stream is tailored to the small business market to... Read Story
March 17, 2015, 07:05 AM


U.S. Bancorp and ORIX USA Corp. announced the closing of U.S. Bancorp’s first renewable energy syndication, which is expected to enable SolarCity to install approximately 2,500 solar power systems at homes and businesses in nine states. U.S. Bancorp... Read Story
March 17, 2015, 07:01 AM


According to a recent report from Navigant Research, cumulative worldwide revenue for commercial Building Automation Systems (BASs) is expected to exceed $713 billion from 2015-2023.“The adoption of BASs is being driven by several goals: to provide... Read Story
March 13, 2015, 07:00 AM


The Wall Street Journal reports that General Electric Co. is considering making deeper cuts to GE Capital, having decided the returns from lending are no longer worth the ire it provokes among investors, people familiar with the matter said.According... Read Story
March 12, 2015, 07:00 AM


National Funding announced its expansion into the middle market lending segment and will now target medium-sized businesses that are in need of financing from $250,000 to $1 million.Previously, National Funding had focused primarily on the small... Read Story
March 12, 2015, 07:00 AM


Stonebriar Commercial Finance LLC ("Stonebriar") announced the commencement of its operations with financial backing from Topeka, Kansas based Security Benefit Corporation ("Security Benefit").Stonebriar will provide financing solutions to a broad... Read Story
March 11, 2015, 07:05 AM


Seabury Group (“Seabury”), a leading global advisory and professional services firm, and Equipment Finance Group (“EFG”), a provider of captive finance supplier-based machinery finance and trade finance, announced the formation of Seabury Equipment... Read Story
March 11, 2015, 07:04 AM


CHP Consulting has announced the release of Version 5.3 of ALFA Systems, the software platform used by top asset and automotive finance operations worldwide.Functional highlights include:Further automation: ALFA has been enhanced to increase system... Read Story
March 11, 2015, 07:02 AM


Sterling National Bank, the principal subsidiary of Sterling Bancorp, announced that it has established a new sales team with significant experience in the U.S. public finance market. This new team, which has joined Sterling from Green Campus... Read Story
March 10, 2015, 07:19 AM


Eighty-four percent of business owners and top decision-makers in companies with annual revenue of $10-150 million say they are preparing to seek opportunities for growth, according to the annual Business Pulse Survey sponsored by SunTrust Banks, Inc... Read Story
March 10, 2015, 07:05 AM


Ascentium Capital issued a $330 million small ticket equipment securitization of Ascentium Equipment Receivables LLC, Series 2015-1. This represents the company’s third securitization since 2012. The underwriters on this transaction were Credit... Read Story
March 10, 2015, 07:00 AM


NetSol Technologies announced that a long-standing North American-based client will implement the latest version of NetSol's NFS-LeasePak solution—software that streamlines asset-based finance operations from contract origination through completion.... Read Story
March 10, 2015, 06:14 AM


The Equipment Finance division of Sterling National Bank, the principal subsidiary of Sterling Bancorp, finished the fourth quarter of 2014 with a record $310MM in new business transactions in addition to portfolio growth of 54% rising from $270MM to... Read Story
March 09, 2015, 07:18 AM


Beacon Funding announced that it has received a 2014 Complaint Free Award from the Better Business Bureau (BBB). Beacon Funding prides itself in maintaining the highest level of customer service, and this award complements this mission and solidifies... Read Story
March 09, 2015, 07:00 AM


Caterpillar Inc. announced it has entered into a technology and predictive analytics agreement with Uptake, provider of a dynamic analytics and insight platform for a wide array of industries, based in Chicago, Illinois. Caterpillar has made a... Read Story
March 06, 2015, 07:08 AM


White Clarke Group released the White Clarke Group Global Leasing Report 2015. Ed White, President & CEO White Clarke Group, author of the report summarizes the tenor of the latest edition:"The year 2013, the latest year for which reliable global... Read Story
March 05, 2015, 07:02 AM


SunTrust Robinson Humphrey (STRH) announced the alignment of its Technology, Media & Telecom (TMT) Investment Banking Industry Practice Group. The TMT group will leverage market leading industry insight, capital markets expertise and cross sub-sector... Read Story
March 04, 2015, 06:46 AM


Element Financial Corporation (TSX:EFN) (“Element” or the “Company”), one of North America’s leading equipment finance companies, together with its wholly-owned subsidiaries Element Rail Leasing II LLC and Element Rail Leasing Canada LP, announced... Read Story
March 04, 2015, 06:00 AM


CapX Partners (CapX), an alternative debt provider focusing on loans, leases and mezzanine capital for middle market businesses, announced its most successful year yet, closing $100 million in new commitments by the close of its 2014 fiscal... Read Story
February 27, 2015, 07:15 AM


Funding Circle, the world’s leading online marketplace for small business loans, announced that Victory Park Capital, an asset management firm based in the US and an active lender to UK and European companies, will finance up to $420 million in loans... Read Story
February 20, 2015, 07:16 AM


First American Equipment Finance has been named to the new “Great Rated! People’s Picks: 20 Great Workplaces in Financial Services,” listing by GreatRated.com and Fortune.com.  See the Fortune.com rankings here. The 20 Great Workplaces in Financial... Read Story
February 19, 2015, 07:20 AM


In a release from White Clarke Group, CEO – Americas Jonathan Dodds said over much of last year, the U.S. showed the rest of the world the way in terms of economic growth, and the momentum in the economy is being reflected in the performance of the... Read Story
February 19, 2015, 07:15 AM


To ensure that equipment leasing companies and brokers capitalize on the surge of new alternative financing products now available to their customers, leading finance company RapidAdvance has hired Jeff Schubert as Director of Strategic Partnerships.... Read Story
February 18, 2015, 07:03 AM


PayNet, the nation’s leading small business credit expert in small business analytics and risk management solutions announces enhancements to the Small Business Lending Index (SBLI), which is a leading economic indicator of GDP.  In addition to the... Read Story
February 18, 2015, 06:48 AM


Key Equipment Finance announced that Doug Beebe, vice president of energy finance, will moderate a panel discussion on clean energy finance at the NC Clean Tech Summit. The second annual, two-day conference at the University of North Carolina at... Read Story
February 18, 2015, 06:45 AM


Advantage Leasing Corporation has changed its trade name to Advantage+. The change was concurrent with the company's introduction of a new business loan product (Equipment Financing Agreement). The name Advantage+ is designed to reflect that the... Read Story
February 17, 2015, 07:05 AM


The Alta Group today officially launched its new Business Strategy Planning Program that enables companies involved in equipment financing to create a three-to-five-year strategic business plan within 30 days. CEO John C. Deane announced that four... Read Story
February 13, 2015, 07:00 AM


Aquiline Capital Partners LLC (“Aquiline”), a New York-based private equity firm investing in financial services, announced that it has signed a definitive agreement to become the majority investor in Engs Commercial Finance Co. (“ECF”), a... Read Story
February 11, 2015, 07:20 AM


Odessa Technologies, Inc. (“Odessa”) has received ISO 27001:2013 certification, the most stringent standard in global information security management.The ISO 27001:2013 certification process requires the implementation of 114 different controls... Read Story
February 11, 2015, 05:59 AM


ZRG Partners, a fast growing global leader in executive search and talent management, has announced completing a significant capital raise with Northcreek Mezzanine to fuel continued growth. The investment includes preferred stock, common stock and... Read Story
February 10, 2015, 07:00 AM


Fifth Third Bank announced that it has extended more than $8.6 billion in new and renewed credit to business customers from October through December 2014. Fifth Third Bank loaned more than $31 billion to businesses throughout its footprint in 2014.... Read Story
February 09, 2015, 07:08 AM


Penton's EquipmentWatch, the world's leader in heavy equipment research, and the leading provider of database information products for the heavy equipment industry, has announced the launch of EquipmentWatch Intelligence. Hosted at... Read Story
February 06, 2015, 06:59 AM


Umpqua Bank, a subsidiary of Umpqua Holdings Corporation introduced its new E3 Business Lending Program, which streamlines the commercial loan process and allows businesses to access specific credit products within an industry-leading 48 hour... Read Story
February 06, 2015, 06:50 AM


Susan Carol Associates Public Relations announced this week that it has unveiled a new online marketing platform that integrates all facets of communication—from publicity and digital marketing to social media—to increase the effectiveness of... Read Story
February 04, 2015, 06:48 AM


BankUnited, N.A., headquartered in Miami Lakes, Florida has selected LeaseWave® from Odessa Technologies, Inc. (“Odessa”) to automate and administer their front office and back office lease management processes for its indirect subsidiaries, United... Read Story
February 03, 2015, 07:14 AM


Balboa Capital announced the launch of Portal360, which is an industry-leading online sales management system that helps equipment dealers manage all aspects of their customers’ financing transactions in real time. Balboa Capital will showcase its... Read Story
February 03, 2015, 07:06 AM


A person never knows what a Las Vegas night may inspire when three friends who happen to be former leasing executives get together to celebrate the birthday of their colleague. "We're small-time gamblers, but big time, big ticket leasing guys!" jokes... Read Story
February 02, 2015, 07:05 AM


Fortis Payment Systems, one of the nation’s largest full-service merchant service providers, announced that it has partnered with Biz2Credit Inc., the leading online resource for small business finance.Through this partnership, companies that use... Read Story
January 30, 2015, 06:00 AM


Penton, North America’s largest privately held professional information services company, today introduced a new API store, continuing its focus on user workflow tools.“This is an exciting time to be in the data and information industry. We are... Read Story
January 29, 2015, 07:07 AM


eOriginal expanded their position in digital transformation with the issuance of its multimedia eSignature capture patent for processes to create authenticated, fully electronic agreements utilizing signatures consisting of voice, video or photo... Read Story
January 29, 2015, 07:04 AM


Key Equipment Finance announced that Tamara Darnow recently earned the Certified Anti-Money Laundering Specialists – Audit (CAMS-Audit) credential from the Association of Certified Anti-Money Laundering Specialists (ACAMS). Darnow is director of... Read Story
January 29, 2015, 07:03 AM


First Niagara Financial announced that its subsidiary, First Niagara Leasing Inc., has achieved a new milestone in its equipment financing division with a portfolio that now exceeds $1 billion.  This remarkable growth has occurred as the company... Read Story
January 28, 2015, 07:07 AM


JBT Corporation, a leading global technology solutions provider to the food processing and air transportation industries, announced the formation of a wholly-owned captive equipment finance unit, JBT Equipment Finance LLC. Through this unit, the... Read Story
January 28, 2015, 07:03 AM


GE Capital’s Telecom, Media and Technology (TMT) financing business announced it completed more than 50 transactions totaling $5 billion during 2014, including $1.3 billion across 17 technology sector transactions. The TMT business addressed the... Read Story
January 23, 2015, 06:44 AM


Sun Life Financial, Securcor Inc. and Tetra Financial Group announced the establishment of a private securitization facility for US$50 million funded by Sun Life Assurance Company of Canada ("Sun Life"), the primary life insurance subsidiary of Sun... Read Story
January 22, 2015, 07:05 AM


Balboa Capital announced the hiring of new finance managers and operations staff members for its commercial vehicle dealer financing division. The company will be an exhibitor at the 2015 ATD at NADA Convention and Expo in San Francisco... Read Story
January 21, 2015, 07:02 AM


  Ascentium Capital announced that DBRS upgraded Ascentium Equipment Receivables 2012-1 LLC Classes B and C to “AAA (sf)”.Due to the positive performance trends and increased credit support, DBRS recently determined the seasoned transaction... Read Story
January 20, 2015, 06:40 AM


Fleet Advantage, a leading innovator in truck fleet business analytics, equipment financing and lifecycle cost management, announced today that Brian Holland, President and CFO, has been named a finalist for the South Florida Business Journal’s 2015... Read Story
January 19, 2015, 06:45 AM


Linedata announced the integration of electronic signature service e-SignLive™ by Silanis into its latest version of Linedata Capitalstream. This version delivers a stronger ROI, increases operational efficiencies, and improves competitive advantage... Read Story
January 16, 2015, 07:05 AM


NewStar Financial announced that it has closed the NewStar Clarendon Fund CLO (the "Clarendon Fund" or the "Fund"), a $400 million middle market CLO used to provide leverage for a managed credit fund anchored by an investment from funds sponsored by... Read Story
January 16, 2015, 07:05 AM


The Alta Group has joined the Independent Community Bankers of America (ICBA), the nation’s voice for more than 6,500 community banks, to serve as a resource for members that are launching or expanding equipment leasing and finance operations. Alta... Read Story
January 15, 2015, 07:05 AM


Bloomberg reported that Macquarie Group is seeking about $350 million for Macquarie Equipment Finance according to people with knowledge of the matter.According to the Bloomberg report, initial offers for the business, which has roughly $950 million... Read Story
January 14, 2015, 07:08 AM


The Textron Specialized Vehicles group of Textron Inc., through Textron Ground Support Equipment UK Limited, has acquired the Douglas Equipment business from Curtiss-Wright Flow Control (UK) Limited, a subsidiary of Curtiss-Wright Corporation.... Read Story
January 14, 2015, 06:35 AM


According to the ZRG Partners Hiring Index Report, 2014 ended the year with the GELAF index at 81.2, the highest water mark since the inception of the index in 2012. The GELAF index measures hiring demand through a proprietary set of job boards and... Read Story
January 09, 2015, 07:14 AM


Ascentium Capital announced significant growth as the company funded $440,000,000 in transactions during 2014, representing a 57% increase over last year. Ascentium has momentum for long-term success and has a 2015 business plan focused on organic... Read Story
January 09, 2015, 07:10 AM


Liquid Capital Express, LLC, a specialty commercial financing company, successfully introduced its Small Ticket Equipment Finance program, at NJ Bankers' BankHorizons, December 2014. This lease financing program was well received by attendees of the... Read Story
January 09, 2015, 07:06 AM


CIT Commercial Services, a leading provider of factoring services, and a unit of CIT Group launched “CIT CIS Mobile,” (cit.com/getCISMobile) a mobile app designed to bring the functionality of CIT Commercial Services’ Client Information System (CIS)... Read Story
January 08, 2015, 07:05 AM


Rifco National Auto Finance has successfully completed its conversion and roll out of Dominion Leasing Software’s LeaseComplete. “With Rifco’s historic growth and ambitious plans for the future, it became evident that a more scalable and robust... Read Story
January 07, 2015, 06:00 AM


Direct Lending Investments, a marketplace lending and investment firm, today announced that it will invest $250 million over the next three years into Biz2Credit's expanding marketplace lending platform for small business owners. The commitment of... Read Story
December 31, 2014, 07:10 AM


Tetra Financial Group in collaboration with Barbacoa Mexican Grill will sponsor a New Year's Eve Dinner and Celebration at the St. Vincent de Paul Resource Center in Salt Lake City. The St. Vincent Center is run by Catholic Community Services of Utah... Read Story
December 31, 2014, 06:00 AM


Gordon Brothers Group, Hilco Global and Pohlad Family Capital Fund (PFCF) announced today that PFCF and another family office investor have acquired interests in PLR IP Holdings, LLC, the owner of the Polaroid brand and related intellectual property... Read Story
December 30, 2014, 06:37 AM


Low interest rates, strong economic growth, strong balance sheets, and a lack of commitment from large banks will keep the market strong for asset-backed lending for small and medium-sized businesses in 2015, says Old Hill Partners Inc., in its 2015... Read Story
December 29, 2014, 06:49 AM


Fitch Ratings today published an updated Asset-Backed sector specific criteria report titled 'Criteria for Rating U.S. Equipment Lease and Loan ABS.' There have been no material changes from the previous version; therefore, Fitch expects no impact on... Read Story
December 24, 2014, 07:03 AM


Northland Capital Financial Services will be spotlighted in a nationally televised production called Manufacturing Marvels® between 8:30 and 8:45pm CST Monday, December 22, 2014 on the Fox Business Network®. This is a first for Manufacturing Marvels®... Read Story
December 19, 2014, 07:01 AM


Ivory Consulting Corporation announced that Regents Capital Corporation selected Ivory’s SuperTRUMP for Salesforce to enable state-of-the-art equipment lease modeling and pricing within the firm’s Salesforce platform.  SuperTRUMP for Salesforce... Read Story
December 19, 2014, 07:00 AM


Element Financial Corporation announced today that it expects to organically originate approximately $6.5 billion of new equipment loans and leases during 2015 across the Company’s four North American market verticals representing an increase of 35%... Read Story
December 17, 2014, 07:08 AM


Hitachi Business Finance, a division of Hitachi Capital America Corp., announced that 2014 proved to be another stellar year with the addition of new offices and a record number of new clients. “This past year has been one of great growth for our... Read Story
December 17, 2014, 06:25 AM


Finacity Corporation has facilitated the successful increase of an existing trade receivables securitization for The Manitowoc Company, Inc. The $185 million transaction now incorporates two new divisions (Manitowoc Foodservice UK Limited and... Read Story
December 17, 2014, 06:12 AM


Veritas Financial Partners, a leading national financial services firm providing senior-secured loans to small and middle market businesses, announced that it has raised $125 million in debt and equity to provide for future growth. The company... Read Story
December 16, 2014, 07:00 AM


CIT Group launched CIT Point of View (cit.com/pov), a new weekly corporate blog that will offer commentary and perspectives on current trends and issues affecting the small business, middle market and transportation sectors. Blog posts in CIT Point... Read Story
December 12, 2014, 07:06 AM


Mintaka Financial, LLC has selected eOriginal, Inc. to improve the company’s operational efficiency through secure and compliant digital transfers of its post-signature contracts. Based in Gig Harbor, Wash., Mintaka Financial provides small business... Read Story
December 12, 2014, 07:00 AM


Chesswood Group Limited ("Chesswood") announced that it has entered into a new three year, $150 million, revolving senior secured credit facility. The facility also includes a $50 million accordion feature which would expand the facility to $200... Read Story
December 10, 2014, 07:15 AM


Ed White, Group Chairman, White Clarke Group said in a press release that since the last Global Asset and Auto Finance Survey, the global economy looked to be entering a period of sustained growth and expansion – indicating good news for the... Read Story
December 10, 2014, 07:00 AM


A team of long-time renewable energy and finance industry executives announced the launch of Generate Capital, a specialty finance company focused on funding small-scale, resource-efficient infrastructure. Generate Capital's co-founders include... Read Story
December 08, 2014, 07:10 AM


Blue Bridge Equipment Finance announced a partnership with the National Independent Health Club Association (NIHCA), a non-profit organization of fitness facilities with more than 700 member owners representing over 3,000 health and fitness... Read Story
December 08, 2014, 07:00 AM


NewStar Financial Inc., a specialized commercial finance company, GSO Capital Partners ("GSO"), the credit division of the Blackstone Group), and Franklin Square Capital Partners, the largest manager of business development companies, announced today... Read Story
December 05, 2014, 06:56 AM


topcreditcardprocessors.com has announced the rankings of the 10 best equipment leasing companies for December 2014. ExecuTech Lease Group has been named the best firm due to their effective performance during the topcreditcardprocessors.com... Read Story
December 04, 2014, 06:00 AM


DLL (formerly De Lage Landen) received the Product and Service Innovation of the Year Award from Leasing Life, one of the top leasing industry journals in Europe. This award recognizes the company’s pioneering Life Cycle Asset Management (LCAM)... Read Story
December 03, 2014, 07:03 AM


MillenniumIT and Odessa Technologies, Inc. (“Odessa") have announced a strategic partnership establishing MillenniumIT as a marketing, implementation and support partner of Odessa’s lease, loan and fleet management software solution, LeaseWave. The... Read Story
December 03, 2014, 06:00 AM


Marlin Business Services Corp. announced that the company’s Community Enrichment Guild (CEG) has started its annual Toys for Tots collection at Marlin’s Mount Laurel headquarters. Marlin has participated in the program for more than a decade. New... Read Story
December 02, 2014, 06:36 AM


CIT Bank, the U.S. commercial bank subsidiary of CIT Group announced that it closed a $750 million equipment lease securitization. CIT sold five classes of fixed rate notes in a private offering backed by a pool of equipment leases from CIT Equipment... Read Story
December 01, 2014, 06:59 AM


LaSalle Solutions, a leading provider of IT life-cycle asset management services and tools, announced today that it has relocated its headquarters.The move stems from LaSalle's need for additional space to accommodate employee growth for expanded... Read Story
November 26, 2014, 06:38 AM


Element Financial announced that members of the Company’s senior management team purchased approximately $7.1 million worth of Element common shares in the open market following Friday’s announcement of the Company’s financial results for the... Read Story
November 20, 2014, 07:02 AM


U.S. financing and leasing companies (fincos) will likely face multiple headwinds in 2015, including increased competition, weaker asset quality, reduced reserve releases, and regulatory challenges that could impact profitability, according to Fitch... Read Story
November 19, 2014, 07:04 AM


Reuters reported commercial borrowing by small and medium-sized businesses in Canada declined for the third straight quarter in the July-September quarter, according to a PayNet survey.According to the Reuters report, PayNet said its Canadian... Read Story
November 19, 2014, 06:00 AM


DLL recently welcomed the first group of Generation Next recruits to the organization. The program is designed to attract high potential young professionals with the interest and commitment necessary to have a successful career in sales. “We are... Read Story
November 18, 2014, 06:30 AM


topcreditcardprocessors.com has named their ratings of the 10 top equipment leasing services in the credit card processing industry for the month of November 2014. Each month the independent research team at topcreditcardprocessors.com examines the... Read Story
November 17, 2014, 07:02 AM


U-Vend, Inc., a consumer products and technology company that develops, distributes and markets various next-generation self-serve electronic kiosks in a variety of locations including grocery stores, drug stores, mass merchants, malls, and other... Read Story
November 17, 2014, 07:00 AM


Capital markets activity continues to accelerate, as the likelihood of rising interest rates looms in the near future, which means now is the ideal time for borrowers to explore interest rate hedges. These insights and others are shared by Neil... Read Story
November 13, 2014, 07:00 AM


As the lead participant in a syndicated financing deal, Loeb Term Solutions recently partnered in funding over $12,000,000 in equipment term loan financing.  The term loan will provide the working capital necessary to solidify the acquisition of a... Read Story
November 13, 2014, 06:52 AM


Pacific & Western Bank of Canada announced that Moe Danis CFA, has been promoted to Senior Vice President of Structured & Corporate Finance. Moe joined the Bank in 2010 to create a highly automated, state-of-the-art, small ticket lease and loan... Read Story
November 07, 2014, 06:00 AM


NewStar Financial, a specialized commercial finance company, GSO Capital Partners, the credit division of Blackstone, and Franklin Square Capital Partners, the largest manager of business development companies, announced that they have formed a... Read Story
November 06, 2014, 07:15 AM


Ascentium Capital announced that it surpassed $1 billion in funded volume since its inception on August 4, 2011.  Tom Depping, Ascentium Capital’s President and CEO stated, “Three years ago we started witnessing a major shift in the industry toward... Read Story
November 04, 2014, 07:15 AM


BlackRock Kelso Capital Corporation (“BlackRock  Kelso”) announced that it has completed a transaction with Gordon Brothers Group to launch Gordon Brothers Finance Company. GBFC will be a majority-owned portfolio company of BlackRock Kelso, with... Read Story
November 03, 2014, 07:00 AM


Tata Capital Financial Services Ltd (TCFSL), a subsidiary of Tata Capital Limited, has gone live with LeaseWave lease management software by Odessa Technologies, Inc (“Odessa”).  “We are continuing to experience strong growth in our leasing... Read Story
October 31, 2014, 01:00 PM


eOriginal and DocuSign have collaborated to deliver a seamless DTM solution to empower Pawnee Leasing Corporation to streamline its leasing sales process. The joint solution from eOriginal and DocuSign allows Pawnee’s broker and lessor customers to... Read Story
October 30, 2014, 07:00 AM


Fora Financial, provider of flexible, working capital solutions to small businesses, announces that Andrew Mallinger, Vice President of Strategic Partnerships at the firm, has attained the Certified Lease Professional (CLP) designation. Mallinger is... Read Story
October 30, 2014, 06:41 AM


Creekridge Capital has expanded their alternative market division into the automated dispensing market. They have added an experienced salesman, Chris Crawford, as a Regional Sales Manager, to their sales team to identify, implement and manage... Read Story
October 29, 2014, 07:01 AM


Orion First Financial, LLC has begun servicing contracts for Joule Assets, a New York-based company that delivers financing solutions for energy efficiency (EE) and demand response (DR) initiatives and projects through the creation of Energy... Read Story
October 29, 2014, 06:00 AM


After 15 years of service to Allegiant Partners as President, Board Member, Chief Credit and Operations Officer, Ben Carlile is retiring from the company to pursue other business opportunities. Chris Enbom, CEO of Allegiant stated “Mr. Carlile has... Read Story
October 28, 2014, 07:15 AM


Cassiopae announced the release of Cassiopae Gateway, a secure, streamlined gateway for Cassiopae applications that enables a complete end-to-end solution for loan and lease management across mobile devices and desktops. Cassiopae Gateway combines... Read Story
October 28, 2014, 06:00 AM


The independent authority on merchant services, topcreditcardprocessors.com, has named ExecuTech Lease Group the best equipment leasing agency for October 2014. ExecuTech Lease Group was selected due to their remarkable performance in the rigorous... Read Story
October 27, 2014, 07:15 AM


Element Financial Corporation announced that it has expanded the Company’s existing senior credit facility to $1.6 billion with the addition of a further $100 million commitment from a US-based bank. The Company’s senior banking facility is led by... Read Story
October 24, 2014, 06:45 AM


Sumitomo Mitsui Finance and Leasing Company Limited (SMFL) has gone live with SunGard’s Ambit Asset Finance solution to support their service extension to clients in the US.With more Japanese firms expanding their international presence, SMFL’s move... Read Story
October 24, 2014, 06:40 AM


MTS Software Solutions introduced IntellaLease, a technology solution that enables faster, more efficient funding by automatically and intelligently processing critical leasing and finance documents and data. IntellaLease combines Intelligent Data... Read Story
October 24, 2014, 06:00 AM


LEAF Commercial Capital, Inc. (“LEAF”) was recently recognized as one of the Philadelphia region’s fastest growing privately held companies. The honor was bestowed by the Entrepreneur’s Forum of Greater Philadelphia in conjunction with the... Read Story
October 23, 2014, 07:00 AM


A new study by PayNet shows that equipment finance lenders can achieve double digit growth through a smarter application process.  Although credit approval rates vary by lender and market segments, PayNet’s recent study addressing small ticket... Read Story
October 21, 2014, 07:22 AM


CHP Consulting has produced a newly updated whitepaper on changing standards in lease accounting, to address the latest output from the IASB and FASB. The fully revised Lease Accounting Reform: The Systems Impact for Asset Finance Lessors reflects... Read Story
October 21, 2014, 07:06 AM


International Decision Systems (IDS) announced a market partnership with Capgemini to help meet growing demand for its full lifecycle equipment finance solution. The partnership brings two market leaders together on a global basis to further support... Read Story
October 20, 2014, 06:56 AM


Nations Equipment Finance announced that it has completed a $173 million term securitization of equipment lease and loan backed notes. The debt includes a senior tranche rated A2/A- by Moody’s and DBRS and two subordinate tranches rated Baa2 and Ba2... Read Story
October 20, 2014, 06:32 AM


Ascentium Capital, a leading commercial lender, announced that it will be opening a sales office in Dover, New Hampshire in November 2014. The company continues efforts to strategically grow its business and expand its national presence. The newly... Read Story
October 17, 2014, 07:00 AM


Community Trust Bank has established an Equipment Finance Team comprised of commercial finance experts who will launch a middle market equipment-lending platform to invest in secured loans and leases nationwide. The team will handle high-quality... Read Story
October 16, 2014, 07:00 AM


A recent article by White Clarke Group's Brendan Gleeson "Pent-Up Demand Waiting to be Unleashed in U.S. Leasing Market" outlines how the U.S. may at last be pulling out of recession, but there are still headwinds, not least of which emanate from... Read Story
October 16, 2014, 06:00 AM


Enverto  Investment Group, an equipment financing company that connects small business owners with investors, announced that it will now accept third party originations from the broker and banking community. Enverto Investment Group is an equipment... Read Story
October 15, 2014, 07:00 AM


PayNet announced a new Small Business Insights information portal, PayNet Risk Insight Suite at sbinsights.net, providing access to intelligence on the small business sector of the economy. U.S. small businesses are an important, but misunderstood... Read Story
October 15, 2014, 06:39 AM


John C. Deane, chief executive officer of The Alta Group, today announced a new strategic alliance with Amembal & Associates designed to expand Alta’s professional development efforts in the U.S and further enhance its global capabilities.  Sudhir... Read Story
October 14, 2014, 07:02 AM


German Garcia Cano faces up to ten years in federal prison after pleading guilty to a bribery charge in connection with a bribery, kickback and bid-rigging scheme in Maverick County, TX announced United States Attorney Robert Pitman and FBI Special... Read Story
October 13, 2014, 07:08 AM


M Line Holdings announced that it has formed a new wholly owned subsidiary, ML Machinery Funding, Inc., to manage and fund all equipment sales for transactions involving customer financing. The profit share agreement results in all the credit... Read Story
October 10, 2014, 06:15 AM


DryWired announced a new fully automated DryWired Nebula II nanocoating system with leasing options from Direct Capital for businesses located in North America.  By reducing the upfront cost associated with the advanced systems, DryWired is making... Read Story
October 09, 2014, 06:03 AM


TAB Bank announced the bank has launched a Full Service Direct Equipment Leasing and Finance program.  TAB will now be able to provide direct financing on many types of equipment to companies from a wide array of industries as well as offer vendor... Read Story
October 07, 2014, 07:00 AM


The Association for Governmental Leasing & Finance (AGLF) will honor Bob Neptune, a director with The Alta Group, with the 2014 Jay Terry Lifetime Achievement Award to be presented Nov. 6 at its annual conference in Tucson, Az. The award recognizes... Read Story
October 07, 2014, 06:53 AM


Linedata announced the release of a new version of Linedata Capitalstream for the finance teams of commercial banks, manufacturing captives and independent finance providers. This latest version delivers a stronger ROI, increases operational... Read Story
October 03, 2014, 06:00 AM


As of September 30, De Lage Landen will evolve their brand name to DLL. A new logo and the tagline 'See what counts' support this transition, reflecting a journey of growth and success. "We've been working on a stronger, clearer market presence that... Read Story
October 01, 2014, 06:55 AM


The Board of Directors of the Certified Lease Professional (CLP) Foundation is proud to announce that Reid Raykovich, CLP, Executive Director of the CLP Foundation, is the third recipient of the annual Cindy Spurdle Award of Excellence. She was... Read Story
October 01, 2014, 06:30 AM


Oracle today introduced Oracle Financial Services Lending and Leasing Cloud, combining the power of Oracle's comprehensive, industry-leading lending and leasing solution with the simplicity, elasticity and security of Oracle Cloud and empowering... Read Story
September 30, 2014, 06:15 AM


PriceAdvantage, a fuel price management software company and division of Skyline Products, has selected Ascentium Capital as its national preferred financing provider. This designation gives dealer and company owned convenience stores more options to... Read Story
September 24, 2014, 07:01 AM


CIT Group announced the launch of View from the Middle™ (VftM), its rebranded content marketing program that will offer business insights and trends, specific industry expertise and content of value to executives in companies of all sizes.Insights... Read Story
September 24, 2014, 06:14 AM


Sumitomo Mitsui Finance and Leasing Company (“SMFL”) announced it will open its U.S. business in New York  on October 1, 2014. With a starting staff of 25 professionals and housed in the world’s 16th largest bank, SMFL has its’ sights set on the U.S.... Read Story
September 23, 2014, 07:03 AM


Varion Capital Corp. ("Varion"), a subsidiary of Accord Financial Corp. ("Accord"), announced a series of strategic enhancements to its dealer programs.  The enhancements are designed to streamline service, approvals and funding for small ticket... Read Story
September 23, 2014, 07:00 AM


Present Values Managing Principal John Handelsman was appointed as chairman of the board of directors for Epipheo, an innovative video and digital marketing services provider whose clients have included Google, Proctor & Gamble and other big brands... Read Story
September 22, 2014, 06:55 AM


Element Financial Corporation ("Element" or the "Company") announced that it has received an issuer and senior unsecured rating of BBB+ from Kroll Bond Rating Agency (KBRA). "The ratings are supported by Element's franchise strength and growing... Read Story
September 19, 2014, 06:36 AM


eOriginal, Inc. announced that a leading equipment leasing firm has selected eOriginal SmartSign® eSignature and eAsset™ Management Services to enhance its business processes, accelerate sales and improve the customer experience. “eOriginal has long... Read Story
September 19, 2014, 05:27 AM


Balboa Capital announced the company has strengthened its mining equipment financing division with the appointment of three new finance directors. Additionally, the company recently increased its lending capacity with a $152 million securitization.... Read Story
September 17, 2014, 06:30 AM


King Commercial Finance announced that its name change to Commercial Industrial Finance, now on the Web at CIFinance.com, reflects the company’s 30-plus-year history and dedication to evolving C&I sectors in the U.S.  The new brand also represents a... Read Story
September 15, 2014, 07:00 AM


TCF Capital Funding ("TCFCF"), announced that it provided $13 million of secured financing to support the acquisition of eCommission Financial Services, Inc. (“eCommission” or the “Company”) by Pennsylvania-based private equity firm, Milestone... Read Story
September 15, 2014, 06:00 AM


AmeriQuest Business Services in Cherry Hill, a provider of technology-enabled services to a variety of industries, is now the 10th largest privately held company in the state of New Jersey, according to a statewide business publication. NJBIZ ranked... Read Story
September 15, 2014, 05:00 AM


RBS Citizens, the commercial banking division of Citizens Financial Group, announced the national launch of its Technology and Services banking group. The national rollout of the Technology and Services group comes as Citizens expands its broader Mid... Read Story
September 12, 2014, 07:00 AM


Molycorp, Inc. ("Molycorp" or the "Company") announced the successful close of its previously announced $400 million financing arrangement with certain investment vehicles affiliated with Oaktree Capital Management, L.P. (collectively, "Oaktree").... Read Story
September 12, 2014, 06:38 AM


Enverto Investment Group, an equipment financing company that connects small business owners with investors, announced that it closed a $100MM credit facility with Guggenheim Securities. The transaction reflects investors’ confidence in Enverto’s... Read Story
September 12, 2014, 06:00 AM


National Funding, one of the country’s largest private lenders of small business loans, announced that on July 31, 2014, the company entered into a Loan and Security Agreement deal with CapitalSource, a division of Pacific Western Bank. CapitalSource... Read Story
September 09, 2014, 07:06 AM


PayNet releases AbsolutePD, for Canadian commercial lenders to provide forward looking probabilities of default on each borrower where financial statements or tax returns are unavailable. This new tool assists Canadian commercial lenders to manage... Read Story
September 09, 2014, 06:30 AM


GE announced it has signed a definitive agreement to sell its Appliances business to Electrolux for $3.3 billion. As part of the transaction, GE has entered into a long-term agreement with Electrolux to continue use of the GE Appliances brand. The... Read Story
September 08, 2014, 07:04 AM


ATEL Ventures Inc. (“ATEL”) is pleased to announce that Defense.net, an ATEL Growth Capital portfolio company, has been acquired by F5 Networks, Inc. (NASDAQ: FFIV). F5 Networks, a provider of application delivery networking products, has agreed to... Read Story
September 08, 2014, 07:00 AM


Strategic Funding Source, Inc., a leading provider of direct financing to small and midsize businesses, today announced that it has received a $35 million initial investment as part of a $110.0 million line of equity financing arrangement from Pine... Read Story
September 04, 2014, 06:00 AM


Ivory Consulting Corporation announced  that First American Equipment Finance selected Ivory’s SuperTRUMP for Salesforce to combine its pricing, origination and CRM activities into a single cloud platform.  SuperTRUMP for Salesforce combines the... Read Story
September 03, 2014, 06:59 AM


Noesis Energy, the fastest-growing financing marketplace for commercial energy efficiency projects, announced that Ascentium Capital has joined its syndicate of efficiency lenders that use Noesis to connect with more than 100 energy-efficiency... Read Story
September 02, 2014, 07:00 AM


DH Corporation (the "Company") announced the launch of a new release of CreditPath™,  the Company's integrated lending platform for commercial and industrial lending, commercial real estate lending, small business lending, consumer lending and... Read Story
August 29, 2014, 07:00 AM


Ivory Consulting Corporation announced it has launched its flagship product, SuperTRUMP, on the Salesforce AppExchange.  SuperTRUMP for Salesforce empowers businesses to connect with customers, partners and employees in a whole new way.  SuperTRUMP... Read Story
August 26, 2014, 07:02 AM


The Alta Group announced today a new strategic partnership with Capgemini that expands their capabilities in providing comprehensive management, information technology (IT) and application consulting solutions to equipment lessors and other... Read Story
August 21, 2014, 07:05 AM


Square has secured an investment from Victory Park Capital to significantly expand Square Capital. This small business financing program helps businesses grow by giving them access to funds in a quick and simple way. The investment will allow Square... Read Story
August 21, 2014, 06:00 AM


GreatAmerica Financial Services Corporation announced that it launched the newest version of its www.greatamerica.com website. The new design will improve the user experience with up-to-date navigation and adaptive displays for mobile and desktop... Read Story
August 19, 2014, 07:00 AM


MB Financial, the parent company of MB Financial Bank, N.A., announced that it has completed its acquisition of Taylor Capital Group, Inc., and that Cole Taylor Bank has been merged into MB Financial Bank. In commenting on the transaction, Mitchell... Read Story
August 19, 2014, 06:48 AM


The Alta Group announced two widely anticipated events in the leasing industry will take place in Miami, November 5th to 7th at the Intercontinental at Doral.Wednesday November 5th the Latin American legal and operations forum will give participants... Read Story
August 15, 2014, 06:00 AM


Hitachi Government Finance, a division of Hitachi Capital America Corp., today announced a new partnership with Lafayette Federal Credit Union. The partnership allows the two organizations to combine their resources to offer government receivables... Read Story
August 13, 2014, 06:40 AM


Orion First Financial has begun servicing small business loans for Raiseworks, LLC, a New York-based company that operates an online direct lending platform connecting SMEs with institutional investors. Services Orion provides include Uniform... Read Story
August 13, 2014, 06:30 AM


CSI Leasing, Inc. (“CSI”) has gone live in the UK with LeaseWave from Odessa Technologies, Inc. (“Odessa”). A global expert in technology assets, CSI establishes long term relationships with end users and vendors through 24 subsidiaries located in 36... Read Story
August 13, 2014, 06:00 AM


CSI Leasing, Inc. (CSI), announced that executive vice president and general counsel Lorraine Cherrick has been named one of St. Louis’ Most Influential Business Women by the St. Louis Business Journal.  Cherrick, who joined CSI in 1986 as an... Read Story
August 11, 2014, 06:00 AM


Based on an analysis of the financial statements of privately held companies, Sageworks, a financial information company, ranked all industries by net profit margin over the last 12 months and found that accounting services topped the list, with a... Read Story
August 08, 2014, 06:00 AM


Ascentium Capital celebrates its three year anniversary and surpasses a key milestone by reaching $2 billion in credit applications since its inception.“This achievement is a strong example of the far-reaching benefits of our specialized financing,”... Read Story
August 07, 2014, 07:05 AM


ZRG Partners Global Equipment and Asset Finance Hiring Index posted a modest 4.5% increase in global hiring demand this quarter.The big growth story this quarter was France, which posted a significant increase in hiring demand in the period, followed... Read Story
August 06, 2014, 07:03 AM


Blue Bridge Financial, LLC has completed its planned headquarters relocation to the historic Electric Tower in Buffalo’s central business district. Preceding the move, Blue Bridge Financial qualified for $586,173 in performance-based Excelsior Jobs... Read Story
July 31, 2014, 06:55 AM


Orion First Financial, LLC has begun servicing contracts for Southeastern Pneumatic and Southwestern Pneumatic, providers of bulk and heavy hauling equipment headquartered in Ellaville, GA and Kyle, TX. Orion is providing a turnkey, comprehensive... Read Story
July 30, 2014, 06:37 AM


IronPlanet announced that it was awarded the U.S. Defense Logistics Agency (DLA) contract to manage and sell rolling stock surplus assets of the U.S. Department of Defense (DoD) (Surplus Contract).   The DLA issued the final contract award to... Read Story
July 30, 2014, 06:10 AM


Monroe Capital LLC announced an increase in the credit facility to OSG Billing Services (“OSG”), an ESOP owned-business, to support the acquisition of SouthData, Inc. (“SDI”). Based in Mount Airy, North Carolina, SDI is a national, full-service... Read Story
July 24, 2014, 06:00 AM


Essex Capital Group, Inc. announced that the company has started a new equipment leasing affiliate. Essex Funding, Inc. has been formed to provide equipment manufacturers and distributors with a proprietary vendor leasing program designed to fund... Read Story
July 23, 2014, 07:02 AM


LEAF Commercial Capital, Inc. (“LEAF”), has announced the launch of its new website www.LEAFnow.com. The LEAF site was redesigned to serve as a valuable interactive resource that businesses can use to learn more about equipment financing and how it... Read Story
July 23, 2014, 06:45 AM


Balboa Capital, a leading provider of small business loans and equipment leasing in the United States, hired 130 new employees during the first six months of 2014 to accommodate the growing demand for the company’s diverse portfolio of financing... Read Story
July 23, 2014, 06:00 AM


GSG Financial LLC announced it recently opened its corporate headquarters in New York City to better serve customers and position GSG Financial for sustainable, long-term growth.  The office is located in the heart of Midtown Manhattan, an area known... Read Story
July 22, 2014, 06:15 AM


The Equipment Leasing and Finance Association announced that Odessa Technologies’ implementation of LeaseWave® at BB&T Equipment Finance Corporation has won the Operations & Technology Excellence (O&TE) Award for 2014.  This marks the fourth time in... Read Story
July 21, 2014, 06:12 AM


CHP Consulting has achieved 73rd position in The Sunday Times' 2014 International Track 200, which tracks outstanding international growth in Britain's mid-market private companies.According to the press release, CHP has become a key exporter of IT... Read Story
July 21, 2014, 06:00 AM


Liquidity Services announced that it has been recognized as Asset Disposal Firm of the Year in the ACQ Global Awards 2014 sponsored by ACQ, a premier global M&A magazine. This award highlights Liquidity Services’ valuation services as well as its... Read Story
July 18, 2014, 06:39 AM


Linedata announced the signing of a major multi-year service agreement with the financial partner of a leading car manufacturer in China. This financial institution, an existing client of Linedata, intends to accelerate its local development by... Read Story
July 17, 2014, 06:00 AM


New research released today by MIT Sloan Management Review and Deloitte reveals that nearly two thirds of surveyed companies around the world find social business initiatives —including social media, social software and social networks—are positively... Read Story
July 16, 2014, 06:30 AM


KeyBank’s Colorado market, Key Equipment Finance and the KeyBank Foundation today announced a $50,000 financial commitment to Food For Thought Denver to help the organization expand its reach and achieve financial stability. Together, the three... Read Story
July 15, 2014, 06:30 AM


Equipment Finance Advisor is pleased to announce the newest expansion of its innovative online publishing platform with the launch of the Monthly Industry/Economic Data Blast. Aggregated from numerous sources, the Monthly Industry/Economic Data Blast... Read Story
July 10, 2014, 07:01 AM


MicroFinancial Incorporated, a financial intermediary specializing in vendor-based leasing and finance programs announced the launch of a significantly improved and feature packed website for its wholly owned subsidiary TimePayment Corporation... Read Story
July 09, 2014, 06:00 AM


Jeannie S. Douglas-Roberts, passed away Saturday, June 28, 2014 at UnityPoint Iowa Methodist Medical Center in Des Moines. She spent most of her career in Naperville/Chicago, IL as an executive vice president in corporate finance for the Royal Bank... Read Story
July 03, 2014, 06:59 AM


Balboa Capital opened a new office in Jacksonville, Florida to serve its existing and future equipment vendor partners on the east coast. It will be led by Eric Mandella, sales manager of Balboa Capital’s vendor services group, who has more than 16... Read Story
July 02, 2014, 06:57 AM


UniFi Equipment Finance, formerly Ervin Equipment Finance today announced its official name change. This development is the culmination of events that began in January 2013, when Ervin Leasing became the vendor financing division for Bank of Ann... Read Story
July 01, 2014, 07:02 AM


Equifax Inc. Chief Economist Amy Crews Cutts focuses on the most common misconceptions about consumer credit scores in the company's newly issued monthly Economic Trends Commentary entitled "Busting Credit Score Myths." Cutts traces the history of... Read Story
July 01, 2014, 06:57 AM


Diversified Transportation Finance has announced their latest client acquisition.  The trucking company hauls for steel plants and is seeing significant growth so was in need of a working capital facility to fuel that growth.  The company has been in... Read Story
July 01, 2014, 06:00 AM


Linedata announced the results of its third annual survey on the priorities and challenges facing the global lending and leasing community.  Back to growth, but in a new environment... Economic figures and analyst surveys indicate that growth is back... Read Story
June 27, 2014, 06:50 AM


Flagship Merchant Services announced that it has partnered with Biz2Credit Inc., the leading online resource for small business finance. Through this partnership, companies that use Flagship’s services will gain immediate access to Biz2Credit’s... Read Story
June 25, 2014, 06:07 AM


Yamaha Motor Finance Canada Ltd. announced that it has contracted with White Clarke Group to implement its CALMS2 Compass Wholesale Management System. The new system will be fully operational when Yamaha Motor Finance Canada Ltd. launches its new... Read Story
June 25, 2014, 06:00 AM


A notable share of U.S. small businesses and middle-market companies are obtaining credit from non-bank providers. The most troubling news for banks—and possibly for regulators: nine out of 10 companies that borrowed from these alternative lenders... Read Story
June 19, 2014, 06:30 AM


Dealstruck, Inc., an online crowdlending provider, has committed an $80,000 "CrowdLoan" term loan for San Leandro, Calif.-based Brix Beverage. The growth capital provided through the Dealstruck platform, which connects growing small businesses with... Read Story
June 19, 2014, 06:00 AM


Implemented in less than seven months, CALMS has automated application submissions and decisioning one hundred percent for Exeter’s recently-launched Strategic Originations Channel. The new system gives Exeter a competitive advantage in recruiting... Read Story
June 17, 2014, 06:15 AM


Leaseurope, the trade body representing the leasing and automotive rental industry at European level, is happy to welcome Odessa Technologies as its latest associate member.“The best way to make our industry stronger is by building up a platform at... Read Story
June 17, 2014, 06:00 AM


topcreditcardprocessors.com has named the 10 best equipment leasing agencies producing solutions in the credit card processing industry for the month of June 2014. Businesses looking for effective equipment leasing solutions turn to the ratings... Read Story
June 16, 2014, 06:00 AM


GE Capital, Commercial Distribution Finance (CDF) is expanding the pool of working capital financing available to small and middle market information technology (IT) solution providers. With secured lending from a reliable liquidity source... Read Story
June 12, 2014, 06:50 AM


TCF Equipment Finance, Inc. (“TCFEF”), a subsidiary of TCF National Bank and an indirect subsidiary of TCF Financial Corporation (“TCF”), is commemorating its 15th year in business. Since 1999, a small leasing organization with 28 employees has grown... Read Story
June 12, 2014, 06:00 AM


Governor Andrew M. Cuomo announced that Blue Bridge Financial, LLC will establish its headquarters in the historic Electric Tower in Buffalo’s central business district. Blue Bridge Financial will retain 12 jobs in Western New York while creating 71... Read Story
June 10, 2014, 06:30 AM


Equipment Street, through a new partnership with Cortera Inc., will now provide its equipment marketplace with business credit risk management solutions.  After completing an extensive assessment of the current credit analytics providers, Cortera was... Read Story
June 09, 2014, 06:02 AM


LeaseTeam, Inc., the complete solution provider to the Equipment Finance Industry, is pleased to announce its partnership with Ivory Consulting Corporation.  As LeaseTeam continues to roll out their single system, end-to-end lease and loan management... Read Story
June 06, 2014, 07:00 AM


As De Lage Landen employees from the U.S. sail the grueling Clipper Round the World Yacht Race, colleagues back at the office will live the team-building metaphor with a Build-A-Bike benefit for local chapters of the Boys & Girls Clubs in... Read Story
June 06, 2014, 06:00 AM


Portfolio Financial Servicing Company (“PFSC”) announced that it has entered into a definitive agreement to act as Backup and Successor Servicer for a securitized pool of merchant cash advance loans. PFSC has worked with the issuer for the past four... Read Story
June 05, 2014, 06:00 AM


IronPlanet announced the launch of allEquip.com, an online, “buy now” marketplace of used construction equipment for sale at competitive prices. “IronPlanet’s allEquip offers online buyers the convenience of a ‘buy now’ marketplace for the... Read Story
June 04, 2014, 06:35 AM


Winthrop Resources Corporation ("Winthrop"), an indirect subsidiary of TCF Financial Corporation (“TCF”), has gone live with a major upgrade to its existing LeaseWave® lease management platform by Odessa Technologies, Inc. (“Odessa”).“Since Winthrop... Read Story
June 03, 2014, 06:17 AM


Balboa Capital announced the expansion of its mining equipment financing division. The company hired a team of highly experienced finance directors and account coordinator to strengthen its position in the mining equipment financing arena.  “Adding... Read Story
June 03, 2014, 05:00 AM


It is with great sadness that White Clarke Group announces the death of Dara Clarke on Sunday 25 May 2014 after being struck by lightning last Thursday, 22 May whilst hosting a charity golf match in Watford, UK.Bringing with him a larger-than-life... Read Story
June 02, 2014, 07:00 AM


Firestone Financial Corp. a leader in equipment financing announced two of its growth initiatives, a move to a new office location and an increased credit facility.Firestone Financial has 49 employees and $188M of assets under management. The company... Read Story
June 02, 2014, 06:59 AM


OnDeck released a significant economic impact report that shows an estimated $3.4 billion in business activity and 22,000 jobs created from its small business loans to date.The goal of the study, which was conducted by top economic consulting firm... Read Story
May 30, 2014, 06:55 AM


NAELB member Meridian Finance Group was recognized today with the President’s “E” Award for making significant contributions to U.S. exports and international trade. The award was presented to Meridian’s President Gary Mendell by Penny Pritzker, the... Read Story
May 30, 2014, 06:00 AM


According to White Clarke Group, the outlook for the asset and auto finance industry worldwide has brightened since the first Global Asset and Auto Finance Survey in 2013, when key players in North America, Europe, Asia Pacific and South America... Read Story
May 27, 2014, 06:40 AM


A Reuters exclusive report states Element Financial Corp. is in talks to buy PHH Corp's fleet leasing business for about $1.35 billion in cash, in a deal structured to include significant tax benefits, a source familiar with the matter said on... Read Story
May 22, 2014, 07:02 AM


Leading supplier in automotive and asset finance technology, White Clarke Group announced a strategic alliance with NADA Used Car Guide to provide integrated, automated vehicle valuations within its online credit application system, CALMS2.   “A... Read Story
May 21, 2014, 06:15 AM


Equipment Street continues to expand its financing options with the introduction of working capital loans.  This new offering will complement their current financing options of highly flexible equipment leases and loans. After a thorough vetting... Read Story
May 19, 2014, 07:00 AM


IronPlanet announced a partnership with VeriTread, an online heavy-haul transportation marketplace, to provide IronPlanet customers with the industry’s most reliable and cost-effective shipping services. “We are excited to partner with VeriTread to... Read Story
May 19, 2014, 06:30 AM


CIT Canada announced its sponsorship of Green4Good, an IT asset re-use and recycling program initiated and operated by Compugen Finance Inc., a wholly owned subsidiary of Compugen Inc.“CIT is pleased to sponsor Green4Good and support the exceptional... Read Story
May 19, 2014, 06:00 AM


Loeb Winternitz Industrial Auctioneers is pleased to announce that the assets from AnaCon Foods’ wheat germ and extruded snack facility has been sold as an ongoing concern. As a result, the auction originally planned for April 29th, was cancelled.... Read Story
May 19, 2014, 05:44 AM


First Financial Corporate Services, Inc. (FFCSI) has opened a new, larger office in Chicago to accommodate recent growth throughout the Midwest region. Following the current business growth and increasing demand for equipment leasing solutions in the... Read Story
May 16, 2014, 07:00 AM


Commercial Credit Group Inc. (“CCG” or the “Company”) announced the closing of a 144a term asset backed security (ABS) transaction. The aggregate $265,380,000 amortizing term ABS was placed with a broad group of institutional investors. The financing... Read Story
May 15, 2014, 06:30 AM


NXT Capital, LLC announced the closing of NXT Capital CLO 2014-1, a $357 million CLO. The financing, NXT’s third CLO in three years, is secured almost exclusively by middle-market senior secured loans originated by NXT and has a four-year... Read Story
May 14, 2014, 06:20 AM


Balboa Capital announced the expansion of its small business loan division with new financing specialists, business loan coordinators and customer service representatives. Additionally, the company recently increased its lending capacity by securing... Read Story
May 13, 2014, 06:45 AM


BB&T Equipment Finance has gone live with LeaseWave®, the lease management suite provided by Odessa Technologies, Inc. (“Odessa”).  BB&T Equipment Finance offers customized leasing and finance services for mid-size businesses and large corporations... Read Story
May 13, 2014, 06:00 AM


Enters commercial real estate, borrower’s certification markets with two new services Quiktrak, a global leader in asset verification and inventory audit solutions, announced that it has added two new inspection services to its portfolio. Quiktrak... Read Story
May 09, 2014, 06:30 AM


Merger, acquisition and leveraged buyout activity levels will continue to rise in the U.S. mid-market, according to a new survey of middle market dealmakers by GE Antares Capital, the leading lender for private equity-backed middle market... Read Story
May 09, 2014, 06:00 AM


LEAF Commercial Capital, Inc. (“LEAF”) announced that Moody's has upgraded seven mezzanine and subordinate securities and affirmed six securities from the LEAF Receivables Funding LLC, Series 2011-2 and 2012-1. The transactions are securitizations of... Read Story
May 08, 2014, 06:00 AM


International Decision Systems (IDS) announced  that one of its long-standing customers is upgrading to InfoLease® 10. IDS revealed that the customer is a national banking institution that has relied on the InfoLease portfolio management solution for... Read Story
May 06, 2014, 06:00 AM


Commercial lending industry veteran Barry Yelton today announced the formation of Yelton Capital Network, LLC. "We wanted to leverage almost forty years of experience and literally thousands of financial connections all across the country to bring to... Read Story
May 02, 2014, 06:21 AM


ATEL Ventures Inc. (“ATEL”) announced that Five9, Inc. an ATEL Growth Capital portfolio company, had its initial public offering (“IPO”) on April 4, 2014. Listed under the symbol “FIVN” on the NASDAQ, Five9 raised over $350 million in the first day... Read Story
April 30, 2014, 06:10 AM


LEAF Commercial Capital, Inc. (“LEAF”), a nationwide specialized equipment leasing and finance company headquartered in Philadelphia, PA, announced today the completion of two transactions with Credit Suisse that significantly expand LEAF’s... Read Story
April 25, 2014, 07:01 AM


Business owners and top decision-makers are more optimistic about their own businesses in 2014 than they are about the overall U.S. economy, according to an annual survey sponsored by SunTrust Banks, Inc. Sixty-five percent of leaders in companies... Read Story
April 25, 2014, 07:00 AM


According to the National Center for the Middle Market (NCMM), the U.S. middle market saw a 5% increase in revenue growth compared to the S&P 500’s 1% revenue increase last year – demonstrating the mid-market’s position as a key engine of growth for... Read Story
April 25, 2014, 06:15 AM


NewStar Financial announced today that it completed a $348 million term debt securitization known as NewStar Commercial Loan Funding 2014-1. All floating rate classes of notes were priced at par and the transaction was upsized from $325 million... Read Story
April 24, 2014, 07:00 AM


ZRG Partners Global Equipment Leasing and Asset Finance Hiring Index showed an 11% increase in global hiring demand, ending Q1 at 67.2. While the United States showed the biggest gain this quarter with an increase in 20% over Q4, some spots in Europe... Read Story
April 23, 2014, 06:40 AM


Thanks to an improving economy, U.S. businesses are expected to increase sales and profits this year, according to the 2014 Chase Business Leaders Outlook. Among the 3,500 business leaders surveyed, nearly three-quarters (73 percent) of middle market... Read Story
April 23, 2014, 06:30 AM


North Mill Equipment Finance LLC has entered into a $30 million senior loan facility with East West Bank. The new facility is in addition to the company’s existing $50 million facility and will enable North Mill Equipment Finance to continue... Read Story
April 22, 2014, 07:00 AM


Element Financial Corporation and its wholly-owned subsidiary Element Rail Leasing I LLC (Series 2014-1), announced that it has closed its first railcar asset-backed securitization (ABS) in the aggregate gross amount of $340.3 million. The... Read Story
April 18, 2014, 07:18 AM


Creekridge Capital, a nationwide independent vendor financing company, announced the company has topped all its previous quarter one records throughout the company history.  They have surpassed their previous first quarter record, which was set in... Read Story
April 17, 2014, 07:14 AM


Balboa Capital, a leading provider of equipment financing and small business loan products, announced it has completed a $152 million securitization of equipment lease and loan backed notes. Balboa Capital will use this additional capacity to fund... Read Story
April 16, 2014, 07:31 AM


In a press release, Huntington Bank announced it has climbed to the top spot in the country with the highest number of Small Business Administration (SBA) 7(a) loans for the first half of the SBA's fiscal year ending March 31. The ranking is... Read Story
April 16, 2014, 07:23 AM


A former PNC vice president who pleaded guilty to robbing a Key Bank in Anderson Township, Ohio was sentenced to three years in prison on Apr.15 according to local press. Scott A. Runge was indicted on aggravated robbery charges after the Feb. 4... Read Story
April 16, 2014, 07:17 AM


Ironwood Finance, providers of unsecured, short-term capital financing for small businesses, has launched a new initiative to allow small- to medium sized companies borrow up to $35,000 to lease capital equipment, no matter what their credit... Read Story
April 11, 2014, 06:45 AM


Marlin Business Services announced the launch of My Marlin, a new leading-edge account management portal for its business customers.Marlin continues to build on its industry leadership position by developing new technology designed to streamline... Read Story
April 10, 2014, 06:47 AM


From the first quarter Phoenix Management “Lending Climate in America” Survey, results show that lenders continue to be very optimistic about lending and economic indicators.    In terms of lending, there are several categories worth mentioning.  The... Read Story
April 08, 2014, 06:41 AM


NXT Capital is celebrating the first anniversary of establishing its Equipment Finance Group. Initial market receptivity to the platform was very positive, with momentum continuing to build throughout 2013 and into the first quarter of 2014.  Since... Read Story
April 08, 2014, 06:28 AM


Meridian Leasing Corporation (“Meridian”), one of the largest independent lessors in the IT industry, has gone live with LeaseWave®, the lease management suite provided by Odessa Technologies, Inc. (“Odessa”). The Meridian install of LeaseWave... Read Story
April 08, 2014, 06:00 AM


IronPlanet announced it is the apparent high bidder pending final confirmation and award for a contract with the U.S. Defense Logistics Agency (DLA) to manage and sell rolling stock surplus assets of the U.S. Department of Defense (DoD) (Surplus... Read Story
April 07, 2014, 06:15 AM


A unique new funding program offered by Advantage Funding, an independent transportation lender, is helping more automobile dealerships expand customer financing by reducing roadblocks to credit approvals. “The largest hurdle for dealers looking to... Read Story
April 01, 2014, 07:00 AM


American International Group, Inc. (NYSE: AIG) today announced that it is in the process of merging its Commercial Asset Finance (CAF) department into the Private Placements Group (PPG) within AIG Investments.“To better meet the needs of its clients... Read Story
March 31, 2014, 09:00 AM


Equipment leasing and financing marketplace LeaseQ announced their partnership with financing company OnDeck in order to further assist small businesses get the working capital they need to grow. LeaseQ will continue to work closely to supply the... Read Story
March 31, 2014, 07:00 AM


Fleet Advantage, a leading innovator in truck fleet business analytics and equipment financing, has launched the Kids Around the Corner program as part of the Fleet Advantage Foundation to support children in the communities where their clients are... Read Story
March 28, 2014, 06:00 AM


Stephen R. Brown, President and Chief Executive Officer of Hudson Valley Bank, the operating subsidiary of Hudson Valley Holding Corp. announced that the bank has formed HVB Equipment Capital LLC. "HVB Equipment Capital will be a nationwide lender to... Read Story
March 25, 2014, 07:02 AM


Eastern Funding LLC, one of the country's leading commercial finance companies, has achieved a new milestone in financing small business loans. With customers operating in multiple industries across the United States, Eastern Funding's $1 Billion in... Read Story
March 19, 2014, 06:41 AM


ELFA is mourning the loss of long-time member, industry leader and ELFA Director Jim McGrane, who passed away on March 13. EverBank has provided the following statement: It is with heavy hearts that we tell you that our friend and colleague, Jim... Read Story
March 17, 2014, 07:04 AM


Caterpillar announced a name change of its former Power Systems segment to Energy & Transportation. The new segment name was announced at CONEXPO-CON/AGG 2014, the largest construction equipment tradeshow in North America. “Global economic growth... Read Story
March 17, 2014, 06:00 AM


Moody’s Investors Service and DBRS issued the highest possible ratings, Aaa and AAA respectively, on Ascentium Capital’s senior class of notes in their second securitization which closed on March 13, 2014. The underwriters of the transaction were... Read Story
March 14, 2014, 06:50 AM


LeaseTeam announced TIP Capital has selected LeaseTeam's single system end-to-end lease and loan management solution.TIP Capital services two business channels; middle market, asset-based high technology and small ticket vender driven business.  To... Read Story
March 14, 2014, 06:45 AM


GE announced today that it has filed a registration statement with the Securities and Exchange Commission for the initial public offering (IPO) of its North American Retail Finance business. As previously announced, the IPO is the first step in a... Read Story
March 13, 2014, 06:50 AM


Equipment Leasing Group of America is pleased to announce the roll out of its new joint venture with an investment firm that will lease new and used hard equipment assets for tougher credits.Brent Trebels, Vice President of Sales said “The economy... Read Story
March 13, 2014, 06:40 AM


Quiktrak, a global leader in asset verification and inventory audit solutions, announced that it has licensed its audit software solution, Revoquest, giving users direct access to its premier suite of tools.  With a Revoquest license, users can... Read Story
March 12, 2014, 12:08 PM


Ironwood Finance, providers of unsecured, short-term capital financing for small businesses, announced its new sale-leaseback financing program. The program allows small business owners to sell assets and then immediately lease them back, unlocking... Read Story
March 10, 2014, 06:47 AM


Element Financial Corporation ("Element" or the "Company") announced that it has closed its previously announced Cumulative 5-Year Rate Reset Preferred Share Series C financing. Element issued, on a bought deal basis, 5,000,000 6.50% Cumulative... Read Story
March 10, 2014, 06:00 AM


Renasant Bank announced the formation of its Equipment Financing Division.  The new division will be based in Birmingham, and it will provide financing to a wide variety of industries throughout Alabama, Georgia, Tennessee and Mississippi.  Renasant... Read Story
March 07, 2014, 07:05 AM


Quiktrak, a global leader in asset verification and inventory audit solutions, announced an agreement with Agricredit, the North America food and agriculture business for De Lage Landen, a global provider of asset-based financing solutions to... Read Story
March 06, 2014, 06:45 AM


Equipment Finance Advisor is pleased to announce significant online resource additions and milestones achieved over the past twelve months. Addition of Employment Advertising – provides current job opportunities in the equipment finance industry... Read Story
March 06, 2014, 06:40 AM


GreatAmerica Financial Services Corporation completed its 13th term securitization today in the amount of $423.5 million. The proceeds will pay off various borrowed amounts, resulting in unused credit facilities in the amount of $875 million for... Read Story
February 28, 2014, 06:15 AM


Isuzu Finance of America, the captive finance company for Isuzu Commercial Truck of America, announced today that its headquarters is relocating. They will remain in Purchase, New York, but will move to a larger space to accommodate their... Read Story
February 27, 2014, 11:00 AM


De Lage Landen (DLL), together with Rabobank Group, signed a 3-year agreement making both DLL and Rabobank partner of the Circular Economy (CE) 100 program, an initiative by the Ellen MacArthur Foundation. This foundation is an internationally... Read Story
February 26, 2014, 06:18 AM


Present Values, a Cincinnati, Ohio-based consulting firm and private capital advisor that specializes in helping organizations find – and leverage – the truth to grow to their full potential, celebrates its 10-year anniversary in 2014. Company... Read Story
February 26, 2014, 06:17 AM


FSG Leasing, Inc. has formally changed its name to FSG Capital, Inc. to better reflect its full range of financial services and middle market product offerings.The name change and rebranding of the organization has been an evolutionary process. Bruce... Read Story
February 26, 2014, 06:00 AM


In response to client demand and growth opportunities, Ascentium Capital announces the opening of a second sales office in California.  Richard Baccaro, Executive Vice President of Sales and Marketing for Ascentium Capital is pleased with the... Read Story
February 25, 2014, 07:10 AM


Commercial borrowing by small and medium-sized businesses in Canada jumped in the final quarter of last year to hit a record high. The PayNet Canadian Business Lending Index (CBLI), which measures the volume of new commercial loans and leases to... Read Story
February 20, 2014, 07:00 AM


OnDeck unveiled its new loan product called OnDeck Term 24 to better serve the increasing needs of established small businesses nationwide.  This new term loan is the first-of-its-kind on the market.  Qualified businesses can quickly and seamlessly... Read Story
February 20, 2014, 06:25 AM


LeaseTeam announced the company has been providing quality software and business solutions to companies in the equipment finance and leasing industry for over a quarter-century. A quarter-century of growth fueled by well-designed systems, product... Read Story
February 20, 2014, 06:00 AM


PNC Bank, N.A., a member of The PNC Financial Services Group, Inc. received approval today from Canada’s Office of the Superintendent of Financial Institutions (OSFI) for a license to expand commercial banking services across Canada.   Established as... Read Story
February 19, 2014, 06:59 AM


The uncertainty surrounding the federal budget last year resulted in a delay in hiring and large capital equipment purchases among many middle market companies, according to Vince Belcastro, Managing Director and Group Head of CIT Capital Equipment... Read Story
February 19, 2014, 06:58 AM


Pine Brook, a New York-based investment firm focused on building businesses in the financial services and energy sectors, today announced the final closing of its second fund, Pine Brook Capital Partners II, L.P. (“Fund II”). With total capital... Read Story
February 18, 2014, 06:45 AM


Ritchie Bros. Auctioneers will conduct its first Canadian auction of 2014 next week on February 26 - 27, at its permanent site in Edmonton, AB. More than 3,500 equipment items and trucks will be sold in the unreserved public auction, including 60+... Read Story
February 18, 2014, 06:15 AM


Liquid Technology, an Inc. 5000 IT asset disposal vendor and management company and one of the Top 100 Businesses in New York-Northern New Jersey-Long Island, NY-NJ-PA, is pleased to announce that it has recently been named a Blancco Silver Partner.... Read Story
February 18, 2014, 06:00 AM


Marlin Business Services Corp. today announced a significant milestone for the company with the receipt of its one millionth customer financing application.  The tally, kept since Marlin’s inception in 1997, represents approximately thirteen billion... Read Story
February 14, 2014, 07:04 AM


Linedata announced the availability of the latest release of Linedata Capitalstream.The latest release enables lending and equipment finance teams to easily manage the regulatory burden, while turning risk management into a competitive advantage.... Read Story
February 14, 2014, 06:19 AM


Just last month when we released the Global Asset and Auto Finance Survey for the fourth quarter of 2013 the outlook for the global markets was becomingly increasingly positive – with emerging markets continuing to perform, and markets like the US... Read Story
February 11, 2014, 06:00 AM


Hitachi Business Finance today announced that it has launched a new website, www.hitachibusinessfinance.com. The website is the final piece in transitioning the company to its new name (formerly Hennessey Capital). The global identity of Hitachi... Read Story
February 07, 2014, 06:27 AM


Critical sectors of the U.S. economy should see continued or renewed strength in 2014, according to business leaders at CIT Group. Bob Bielinski, Managing Director, CIT Corporate Finance, Retail and Restaurants; Matthew Galligan, President, CIT Real... Read Story
February 06, 2014, 06:45 AM


Ritchie Bros. recently celebrated the one year anniversary of Ritchie Bros. EquipmentOne, the secure online marketplace launched by the company in early 2013. In its first year, EquipmentOne (www.EquipmentOne.com) welcomed 580,000 unique visitors to... Read Story
February 06, 2014, 06:13 AM


CapX provided Mid Valley Industries with an equipment lease facility which was used by the company to purchase a mission critical equipment asset which will allow Mid Valley to expand its manufacturing capabilities and fulfill increased product... Read Story
February 05, 2014, 07:00 AM


Accord Financial Corp. (“Accord”) announced that it has completed the strategic acquisition of Varion Capital Corp. (“Varion Capital”), a Canadian lease finance company founded in 2004. The acquisition expands the range of asset-based financial... Read Story
February 04, 2014, 07:00 AM


TBF Financial today announced the rollout of a new website for the company focused on better serving the commercial lending and leasing industries. The site will focus on enhancing access and self-service for users of TBF’s suite of applications to... Read Story
February 04, 2014, 06:55 AM


Appreciation of a True Industry LeaderBy John C. Deane, CEO, The Alta GroupOn January 23, 2014 the leasing industry lost an exceptional leader:  Robert L. Krause, one of the most influential executives in equipment finance. An associate of The Alta... Read Story
February 03, 2014, 07:00 AM


After nearly twenty five years as President of Executive Solutions for Leasing and Finance, Inc, Teri Gerson has passed the torch to her protege, Jon Gerson, as of late 2013. Teri founded Executive Solutions in 1990, and has worked side by side with... Read Story
January 31, 2014, 06:00 AM


Lease Corporation of America (LCA) announced that the company intends to make significant efforts to expand its third party origination platform through its subsidiary, LCA Financial, LLC (LCAF).  Headed by its president John Martella, LCAF manages... Read Story
January 30, 2014, 06:55 AM


To help the Canadian Finance & Leasing Association (CFLA) members benchmark their business and to provide industry leadership, PayNet Canada, the premier provider of risk management tools and market insight to the commercial credit industry announces... Read Story
January 27, 2014, 07:03 AM


Pacific Rim Capital, Inc. (“PRC”) has gone live with LeaseWave lease and loan management software by Odessa Technologies, Inc. (“Odessa”).  PRC is the nation’s largest independent lessor of material handling equipment with nearly $600 million in... Read Story
January 22, 2014, 10:15 AM


CIT Group announced that Ellen R. Alemany has been named to CIT’s Board of Directors effective immediately. She will serve as a member of CIT’s Audit Committee. Alemany is the former Head of The Royal Bank of Scotland (RBS) Americas, the management... Read Story
January 22, 2014, 06:42 AM


Creekridge Capital, a nationwide independent vendor financing company, announced for 2013, it surpassed funding records for both the 4th quarter and the month of December.  Creekridge believes this record-breaking volume is rooted in the continued... Read Story
January 20, 2014, 06:58 AM


First U.S. Finance LLC (FUSF), a California-based equipment leasing and financing company announced the launch of their new Vendor Program. The program was specifically designed to help equipment vendors and service companies offer financing for... Read Story
January 16, 2014, 06:25 AM


Element Financial Corporation (“Element” or the “Company”), announced that it expects to organically originate more than $3.8 billion of new equipment loans and leases during 2014 across the Company’s five North American market verticals representing... Read Story
January 15, 2014, 07:04 AM


Linedata announced that it has expanded its lending & leasing platforms with 40 major projects managed during the last year for 34 financial institutions in Europe, Africa, North and South America. The projects included new client signings and... Read Story
January 15, 2014, 06:00 AM


Commercial Credit Group Inc. through its wholly owned subsidiary CCG Equipment Finance Limited (“CCG”), announced the establishment of its operations in Canada. CCG will initially serve the construction, transportation and waste industries in the... Read Story
January 14, 2014, 07:05 AM


Small business loan approval rates at big banks ($10 billion+ in assets) increased to an all-time index high of 17.6% in December 2013 from 17.4% in November, according to the Biz2Credit Small Business Lending Index, a monthly analysis of 1,000 loan... Read Story
January 09, 2014, 07:00 AM


Research and Markets has announced the addition of the "United States Equipment Finance Market Forecasts Report, 2016" report to their offering. One of the major drivers in this market is the improving Credit market conditions in the market, which... Read Story
January 09, 2014, 06:15 AM


After reviewing the results of a recent industry survey, The Alta Group is increasing its focus on delivering high quality professional development services to equipment leasing and asset finance companies.  Among other findings, most industry... Read Story
January 09, 2014, 06:04 AM


Navitas Lease Corp. announced the completion of its first term securitization of equipment loan and lease contracts, Navitas Equipment Receivables LLC 2013-1. Navitas issued $92.3 million of notes.  Bank of America Merrill Lynch was the Sole... Read Story
January 07, 2014, 07:01 AM


Liquidity Services, Inc. has been recognized as part of the Washington Post’s annual Post 200, an annual ranking of the firms and organizations that “power the local economy.” Liquidity Services is ranked #49 by revenue on this prestigious 2013 list... Read Story
December 30, 2013, 07:02 AM


Talent Interaction Platform™ provider HireVue announced the acquisition of CollaboRATE Inc. – a spinoff from ZRG Partners – featuring a patented hiring decision engine designed to improve interview collaboration, feedback and analysis. Developed... Read Story
December 24, 2013, 07:00 AM


Equipment Finance Advisor will be closed on Wednesday, December 25th and Thursday, December 26th for the Christmas holiday. Our warmest wishes to all for peace, love and happiness during this holiday season. Read Story
December 24, 2013, 06:50 AM


The Hartford Business Journal reports Berkshire Bank said it has established a new business unit in Hartford focused on equipment leasing.According to the Hartford Business Journal, Berkshire's Equipment Leasing Group will target equipment-lease... Read Story
December 23, 2013, 07:06 AM


Navitas Lease Corp. continues its expansion into the equipment manufacturer financing segment with its recent purchase of the Vendor Lease Management Group (VLMG) lease portfolio and merger of the company’s team with Navitas. SunTrust’s Robinson... Read Story
December 20, 2013, 07:05 AM


Ritchie Bros. Auctioneers sold more than CA$60 million (US$57+ million) of equipment and trucks at its unreserved public auction in Edmonton, AB on December 12 - 13, 2013. More than 3,750 equipment items and trucks were sold in the two-day auction... Read Story
December 18, 2013, 07:00 AM


International Decision Systems (IDS) announced that its InfoLease 10 portfolio management solution is now live and operational at Xerox Financial Services, the captive equipment financing organization of Xerox Corporation, and available to IDS... Read Story
December 17, 2013, 07:01 AM


De Lage Landen (DLL) has been named European Lessor of the Year at this year’s Leasing Life Conference and Awards in Berlin. DLL was acknowledged for its consistent growth in new business volume, backed up by Leaseurope’s annual ranking which reports... Read Story
December 12, 2013, 07:00 AM


Ervin Leasing is celebrating 35 years in the equipment finance business by updating their name to Ervin Equipment Finance. Ervin is one of the oldest financing companies in the industry and has earned a reputation for integrity and personal service... Read Story
December 10, 2013, 07:00 AM


CHP Consulting has announced a three-year program to refresh the core portfolio management systems of a prominent captive automotive finance company in North America.To support this blue-chip captive and CHP’s other automotive finance clients, the... Read Story
December 04, 2013, 06:58 AM


According to tax policy experts at the American Institute of CPAs (AICPA), the on-again, off-again nature of federal tax provisions creates uncertainty, which breeds complexity in the tax code. With 2014 approaching, CPAs are busy meeting with... Read Story
November 27, 2013, 07:04 AM


A new survey conducted by Balboa Capital reveals that 95% of business owners in the United States will need additional working capital for their companies during the next 12 months. Balboa Capital sent its online survey to more than 300,000 business... Read Story
November 25, 2013, 07:00 AM


On November 15, 2013 Lease Corporation of America (LCA or the Company) closed on an investment commitment of $20 million from Virgo Investment Group (Virgo).  The transaction will refinance current indebtedness, allow partial liquidity to select... Read Story
November 22, 2013, 07:00 AM


Genpact announced a five-year, multimillion dollar services agreement to manage the U.S. IT operations for Crédit Agricole CIB (CA-CIB), the Corporate and Investment Banking arm of the Crédit Agricole group, the world's fifth-largest bank in total... Read Story
November 20, 2013, 06:46 AM


CIT Bank, the U.S. bank subsidiary of CIT Group Inc. announced that it closed a $750 million equipment lease securitization. CIT sold five classes of fixed rate notes in a private offering backed by a pool of equipment leases from CIT Vendor Finance.... Read Story
November 15, 2013, 08:09 AM


LeasePlan Corporation N.V. announced that it will expand its North American service offering to include Canada in January 2014.  LeasePlan and the Canadian fleet management company Foss National Leasing Ltd. (FNL) have entered into a licensing... Read Story
November 12, 2013, 07:02 AM


Companies are planning to increase their investment in equipment in the coming year according to a new report released by Infinity Research. As a result, a majority of them would be depending on different sources of finance such as leasing, loans... Read Story
November 11, 2013, 06:30 AM


National Leasing, a leading provider of asset financing solutions and member of the Canadian Western Bank Group was recognized for its 7th consecutive year as one of the Top 50 Best Small and Medium Employers in Canada. "National Leasing just... Read Story
November 08, 2013, 06:29 AM


Balboa Capital announced the release of Navigator, a comprehensive online sales management system that enables equipment dealers to manage every aspect of their financing transactions in real-time. Navigator replaces Balboa Capital’s previous... Read Story
November 07, 2013, 07:01 AM


Hennessey Capital has formally changed its name to Hitachi Business Finance to better reflect the global power and strength of its parent company, Hitachi Capital America Corp. The new name takes effect immediately. The change comes one year after... Read Story
November 01, 2013, 06:40 AM


The Leasing Foundation Future Leaders -  a group of 9 exceptional people who have been nominated by Governors and Fellows as the brightest new talent in the industry - are starting their development program with the first meetings hosted by CHP... Read Story
November 01, 2013, 06:29 AM


Ritchie Bros. Auctioneers conducted its largest two-day auction in Company history this week in Edmonton, AB (October 29 - 30, 2013). More than 5,850 equipment items and trucks were sold in the public auction for more than CA$95 million (US$90+... Read Story
October 31, 2013, 06:42 AM


LeaseTeam, Inc. announced that NCMIC Finance Corporation (NFC) has selected LeaseTeam's ASPIRE loan solution. ASPIRE is Lease Team's cutting edge end-to-end lease and loan management solution. NFC is a diversified financial products company that... Read Story
October 30, 2013, 06:48 AM


Cassiopae announced that Singhammer dtSoftware GmbH is now a Cassiopae company. The combined company becomes one of the largest providers of leasing and lending software solutions in the region and expands Cassiopae’s coverage in Germany, Austria... Read Story
October 28, 2013, 07:02 AM


NetSol Technologies announced the introduction and global release of NFS Ascent, the company's next generation platform, offering the most technologically advanced solution for the auto and equipment finance and leasing industry. NFS Ascent's... Read Story
October 25, 2013, 06:30 AM


Blue Bridge Financial announced that it has recently secured growth capital financing in two separate transactions with Triton Pacific Capital Partners and Bearing Circle High Yield, LLC. In combination, these facilities provide Blue Bridge Financial... Read Story
October 24, 2013, 06:50 AM


CHP Consulting announced the release of Version 5.2 of ALFA incorporating outstanding performance and volume capabilities, new compliance controls with business rules, and integration with Vertex to provide tax solver functionality. An extended... Read Story
October 22, 2013, 06:53 AM


GSG Financial announced the formation of two new business units, End User Finance and Vendor Finance. “Central to GSG’s growth is its ability to build best-in-class sales teams with proven expertise in each of these markets,” said GSG Financial... Read Story
October 21, 2013, 07:05 AM


Equipment Finance Advisor is pleased to unveil new content additions to its nationally distributed Daily eNews Blast. These latest platform innovations are part of an ongoing strategy to deliver a diverse mix of industry-centric content to the widest... Read Story
October 21, 2013, 07:04 AM


Ecologic Leasing Services, the LeaseAccelerator SaaS company, announced it is changing its name to LeaseAccelerator Services. The new name more closely unifies the asset-centric lease accounting software for lessees with the company behind it. The... Read Story
October 17, 2013, 06:27 AM


Bennington Financial Services Corp. (“Bennington”) has selected LeaseWave from Odessa Technologies, Inc. (“Odessa”) to automate and administer all their front office and back office lease management processes.  Bennington is one of the largest... Read Story
October 15, 2013, 07:00 AM


GE Capital’s Commercial Distribution Finance (CDF) business will exhibit at the inaugural American International Motorcycle Expo (commonly called AIMExpo), which kicks off Oct. 16th in Orlando, FL. Billed as the motorsports industry’s first... Read Story
October 15, 2013, 06:27 AM


Ritchie Bros. Auctioneers announced that Chief Executive Officer Peter Blake will step down in May 2014, at the time of the company's next Annual General Meeting. During the interim period Mr. Blake will remain as CEO, continuing to lead the company... Read Story
October 11, 2013, 06:22 AM


Laurentian Bank announced that it is expanding the range of financing solutions it offers to its commercial clients with the addition of leasing products. With these products, the Bank will be able to provide a new alternative to businesses across... Read Story
October 10, 2013, 07:02 AM


NetSol Technologies announced it is offering enterprise mobile applications for the asset finance and leasing industry through the company's new mobility division. Designed to provide customers with even greater enterprise flexibility, these new... Read Story
October 10, 2013, 06:48 AM


Fleet Advantage has been named to the American City Business Journals list of the fastest-growing privately held companies in the state of Florida. The company ranked 47 out of the 100 selected.Ranked by percentage of growth over three years, The... Read Story
October 08, 2013, 06:30 AM


Corporation Service Company (CSC®) is calling on all UCC professionals to complete a new survey. Anyone who manages Uniform Commercial Code (UCC) searching and filing transactions under Article 9 is invited to participate by visiting... Read Story
October 07, 2013, 06:50 AM


Over 120 Fellows, Governors and invited guests attended the Leasing Foundation First Annual Conference hosted by the Royal Bank of Scotland in London on 30 September 2013.Chris Sullivan, the Foundation's Patron and 2013 conference chair, opened the... Read Story
October 07, 2013, 06:20 AM


The XI Latin American Leasing Conference November 7-8 at the Intercontinental Hotel at Doral in Miami will bring valuable guidance and case studies to promote “Innovation and Leadership in Latin America .” The conference will feature educational... Read Story
October 04, 2013, 06:30 AM


LEAF Commercial Capital, Inc. ("LEAF") announced the closing of a new securitization transaction, LEAF 2013-1, which was completed on September 26, 2013.Through LEAF 2013-1, LEAF securitized a portfolio of approximately $325 million of commercial... Read Story
October 03, 2013, 07:01 AM


Chesswood Group Limited ("Chesswood"), announced that it has launched its new working capital loan business, WINDSET CAPITAL CORPORATION ("WINDSET" or "WINDSET CAPITAL"), headquartered in Salt Lake City, Utah. WINDSET will provide working capital... Read Story
October 03, 2013, 06:58 AM


Hertz Global Holdings, Inc. announced that its wholly owned subsidiary, Donlen Corporation ("Donlen"), has successfully completed the establishment of a new fleet lease securitization platform to finance its U.S. fleet lease operations going... Read Story
October 02, 2013, 06:26 AM


Cole Taylor Equipment Finance announced the implementation of the LeaseWave technology platform from Odessa Technologies, Inc. The software is designed to create efficiencies for leading companies by automating the operations of lease and loan... Read Story
October 01, 2013, 06:58 AM


Creekridge Capital announced the company has developed a sales training program to bring young sales talent into the leasing industry.  The program has been initiated with the hiring of two recent college graduates as Sales Associates.   The sales... Read Story
September 26, 2013, 06:29 AM


Ritchie Bros. Auctioneers Incorporated (the "Company") announced the appointment of Beverley Anne Briscoe as Deputy Chairperson of the Company's Board of Directors, effective September 23, 2013. Ms. Briscoe joined the Company as a director in October... Read Story
September 24, 2013, 06:50 AM


It is with great sadness that the management team of Key Equipment Finance announces the death of LJ McIntosh, the company’s Western Region sales manager. LJ died Tuesday after a long and hard fought battle with cancer. He joined Key Equipment... Read Story
September 20, 2013, 07:08 AM


Bloomberg reported that NewStar Financial Inc., the business lender backed by private-equity firms Corsair Capital LLC and Capital Z Partners Management LLC, is exploring a sale. This is according to people with knowledge of the matter.According to... Read Story
September 20, 2013, 07:07 AM


NXT Capital announced that its Equipment Finance Group has closed a senior secured credit facility with BMO Financial Group and Key Equipment Finance. The five year facility will support the group’s growing presence in middle market equipment finance... Read Story
September 19, 2013, 07:01 AM


Ivory Consulting Corporation celebrated its 30th anniversary last Friday - September 13, 2013.  Since 1983, SuperTRUMP has consistently delivered ever-increasing modeling, pricing, and analytical capabilities which have provided greater flexibility... Read Story
September 17, 2013, 07:00 AM


The Board of Directors of General Electric Company has elected James E. Rohr, Chairman and former CEO of The PNC Financial Services Group, as a GE director. He was elected by the GE Board at its meeting today.  “Jim Rohr has tremendous experience in... Read Story
September 16, 2013, 07:02 AM


The near-term fiscal challenges facing states and municipalities present a distinct risk, Fitch Ratings says.In the five years after the Great Recession, most states and municipalities have seen pronounced drops in revenue followed by a slow growth... Read Story
September 16, 2013, 06:50 AM


NewStar Financial Inc., a specialized commercial finance company, announced today that it completed a $400 million term debt securitization known as NewStar Commercial Loan Funding 2013-1. All classes of notes were priced at par and the transaction... Read Story
September 13, 2013, 07:00 AM


A majority of small- and medium-sized businesses (85%) say they have the resources they need to expand their exporting operations, according to a survey by Bibby Financial Services."It has taken some time for President Obama's National Export... Read Story
September 13, 2013, 06:52 AM


JPMorgan Chase & Co. announced that its Board of Directors intends to elect Linda B. Bammann and Michael A. Neal as directors of the company. Ms. Bammann is expected to be elected on September 16, while Mr. Neal is expected to join the Board in... Read Story
September 10, 2013, 07:02 AM


Liquidity Services, Inc. announced that it has increased the number of full-time hires in its current fiscal year by 30 percent over last fiscal year. Named one of the fastest growing tech companies in the nation as part of Forbes’ Fast Tech 25 this... Read Story
September 10, 2013, 07:00 AM


Bloomberg reported that Umpqua Holdings Corp. is in advanced talks to buy Sterling Financial Corp. said people with knowledge of the discussions. According to the Bloomberg report, the deal may be valued at about $1.8 billion, said one of the people... Read Story
September 10, 2013, 06:53 AM


The capital markets are eager to provide liquidity to middle market companies in growing sectors of the economy, according to Neil Wessan, Group Head of CIT Capital Markets at CIT Group Inc.. This view, and others, are presented in “Capital Markets... Read Story
September 10, 2013, 06:28 AM


Lessees and Lessors are Encouraged to Submit Comment Letters by the September 13th Deadline  CG Commercial Finance (CGCF) released an animated video outlining the issues and implications related to lease accounting changes proposed by FASB and IASB... Read Story
September 06, 2013, 06:50 AM


Scottrade Bank Equipment Finance opened its direct commercial financing line of products and its origination platform to expand lending capabilities nationwide.The division of Scottrade Bank specializes in originating, structuring and syndicating... Read Story
September 05, 2013, 07:06 AM


Element Financial Corporation("Element" or "the Company"), announced that it has closed a new $585 million senior revolving credit facility to fund the Company's planned origination activity into 2014.The facility, which includes a $150 million... Read Story
September 05, 2013, 07:02 AM


Ritchie Bros. Auctioneers sold more than US$53 million of heavy equipment, trucks and other industrial assets during a two-day unreserved public auction in Houston, Texas on August 28 & 29, 2013. The auction set new Company records for the most items... Read Story
September 05, 2013, 06:28 AM


Capital Access Network, Inc. (CAN), was named to the prestigious Inc. 500|5000 list of fastest-growing private companies. From 2009 to 2012, the company’s revenues grew nearly 50 percent as it helped tens of thousands of small businesses in more than... Read Story
September 03, 2013, 06:53 AM


Reuters reported General Electric Co plans to spin off the U.S. consumer lending operations of GE Capital, as the conglomerate moves to focus on its core indtrial operations, the Wall Street Journal reported, citing people familiar with the... Read Story
August 30, 2013, 07:00 AM


Santana Equipment Trading Company, a premiere distributor of used material handling equipment, has reached the one year anniversary of its expansion to Phoenix, Arizona. Since branching out from its Chicago, IL headquarters, the company has found... Read Story
August 28, 2013, 06:19 AM


Santana Equipment Trading Company, a premiere distributor of used material handling equipment, has reached the one year anniversary of its expansion to Phoenix, Arizona. Since branching out from its Chicago, IL headquarters, the company has found... Read Story
August 28, 2013, 06:00 AM


The Wall Street Journal reported a federal bankruptcy judge in Florida has granted approval to a lawsuit alleging GE Capital knew that one of its clients, Thomas Petters, was operating a Ponzi scheme. According to the Wall Street Journal Law Blog... Read Story
August 26, 2013, 07:02 AM


GE Capital’s Telecom, Media and Technology (TMT) financing business today announced it completed more than 30 transactions totaling $2.7 billion in financing during the first half of 2013. The TMT business addresses the financial needs of customers... Read Story
August 23, 2013, 06:50 AM


Bloomberg reported that New China Trust Co., which led a Chinese investor group in a $4.2 billion bid for American International Group Inc. (AIG)’s aircraft-leasing unit (ILFC), pulled out of the deal on concern its ties with a Chinese regulator... Read Story
August 22, 2013, 06:59 AM


Ascentium Capital announced the company is celebrating its second year of providing innovative finance solutions and delivering a service-rich offering which has allowed the company to surpass $1 billion in applications since its founding. Important... Read Story
August 22, 2013, 06:56 AM


Ivory Consulting Corporation announced that Textron Financial Corporation has elected to integrate Ivory’s SuperTRUMP with Constellation Financing System’s ASSET to improve transaction processing.  Textron Financial provides financing programs for... Read Story
August 22, 2013, 06:55 AM


The Alta Group plans to host a complimentary webcast Tuesday, Sept. 10 on “6 Time-Tested Strategies for Growth.” This one-time special program will feature some of the firm’s leading consultants who are actively involved as advisors in the worldwide... Read Story
August 21, 2013, 06:45 AM


HP announced the launch of a virtual tour of its technology renewal center operations, an industry-first offering that provides customers with increased visibility into the IT asset lifecycle management process.“Rarely do enterprises have the... Read Story
August 19, 2013, 06:55 AM


First Capital, a specialized commercial finance company, announced today that it extended the maturity of its $150 million senior secured credit facility with a group of lenders, including Key Equipment Finance, through October 2014. “This... Read Story
August 13, 2013, 06:57 AM


The Alta Group announced that two new senior directors have joined its firm in China, CapSol Management Consultants, to expand advisory services in the region.  Yankai Qu will work as managing director of professional development in China. Active in... Read Story
August 08, 2013, 07:01 AM


The Canadian financing and leasing industry is seeing continued growth with new opportunities on the horizon, according to Blake Macaskill, Managing Director of CIT Canada at CIT Group Inc. This view and others, are presented in “Equipment Financing... Read Story
August 07, 2013, 07:02 AM


Ascentium Capital LLC announced the addition of another financial firm, JP Morgan Chase Bank, to its existing lender group which also includes Bank of America, Credit Suisse and Bank of Montreal/Harris Bank. These strategic, multi-year credit... Read Story
August 07, 2013, 06:49 AM


Fifth Street Management LLC ("Fifth Street") announced its entry into venture lending through Fifth Street Technology Partners. The new group will be led by Michael David, former Co-Head and Managing Director of ORIX Venture Finance LLC and a 20-year... Read Story
August 06, 2013, 07:03 AM


According to a Dell press release, Dell’s mid-market and corporate customers in the U.K., Ireland, Germany, Austria, Switzerland, Belgium, the Netherlands and Luxembourg can now access direct financing for leases and loans to support their IT... Read Story
August 05, 2013, 07:00 AM


CSI Lifecycle Europe, a subsidiary of CSI Leasing, Inc. (CSI), has opened a returns facility in Bratislava, Slovakia. The facility will provide a range of services including handling of lease returns, data wiping and data destruction. In addition to... Read Story
August 05, 2013, 06:58 AM


Linedata announced the availability of the latest release of Linedata Capitalstream, a loan origination and risk management solution for lending and equipment finance. In the 2012 Linedata Survey of Best Practices in Commercial Lending assessing the... Read Story
August 02, 2013, 06:48 AM


CHP Consulting has published a new version of its whitepaper on lease accounting to reflect the latest developments in changing standards. Lease Accounting Reform: The Systems Impact for Asset Finance Lessors has been comprehensively updated to... Read Story
August 01, 2013, 07:00 AM


Bloomberg reported American International Group Inc. (AIG) is increasingly likely to pursue an initial public offering for ILFC after a deal to sell the unit stalled, according to industy analysts.According to the report, a Chinese buyer group had a... Read Story
August 01, 2013, 06:50 AM


NXT Capital, LLC announced the closing of NXT Capital Senior Loan Fund II, L.P., a $783 million leveraged loan fund that will invest in senior debt transactions originated and underwritten by NXT Capital’s Corporate Finance Group. These include... Read Story
July 31, 2013, 06:55 AM


GE Capital’s Commercial Distribution Finance (CDF) business announced that it has extended its relationship with the American Boat Builders Association (ABA), a major buying group for independent boat builders in the U.S.GE Capital has been a... Read Story
July 31, 2013, 06:50 AM


GE Capital’s Retail Finance business is celebrating 80 years of providing financial solutions to retailers. GE Capital’s Retail Finance business traces its roots to the 1930s when the economy was rebounding and consumers wanted payment options to... Read Story
July 30, 2013, 06:52 AM


GE released the following eulogy in honor of Dennis Dammerman, the youngest CFO in GE history, who passed away this week at the age of 67. In 1982, a math graduate with a fresh MBA from Harvard walked into the office of a young GE executive named... Read Story
July 25, 2013, 07:04 AM


Liquidity Services, Inc. announced that its GoIndustry DoveBid marketplace has been recognized as Asset Appraiser of the Year in the ACQ Global Awards 2013 sponsored by Merrill DataSite and ACQ, a premier global M&A magazine. This award highlights... Read Story
July 23, 2013, 07:00 AM


International Decision Systems (IDS), aprovider of equipment and asset finance software, announced that it has hired two seasoned executives to leadership roles in services and sales to address the growth in demand created by the release of InfoLease... Read Story
July 22, 2013, 07:00 AM


AloStar Business Credit has announced the launch of its Lender Finance Division, and named Wells Fargo and GE Commercial Finance veteran Luke Graham managing director.  Graham will spearhead a team of AloStar professionals – John David Gettmann... Read Story
July 18, 2013, 07:10 AM


HSBC Bank USA, announced a $1 billion, 18-month dedicated loan program for small and medium size U.S. businesses looking to export or expand internationally, to help companies find global growth opportunities and to further accelerate global business... Read Story
July 16, 2013, 07:10 AM


PACCAR Leasing Company (PacLease) continued its expansion with the announcement of seven new franchises in the United States and Canada. PacLease franchises are opening in the following locations: Peterbilt PacLease of Northwest Arkansas, Lowell... Read Story
July 16, 2013, 06:51 AM


OnePak, Inc., a provider of online equipment returns for original equipment manufacturers and leasing companies, announced the election of Jerry R. Drisaldi, recently-retired President of International Sales at UPS, as Vice Chairman of its Board of... Read Story
July 12, 2013, 07:06 AM


Reuters reported a consortium led by P3 Investments is seeking to raise a $1.5 billion syndicated loan from Taiwanese banks to back a $4.753 billion bid for a 90 percent stake in International Lease Finance Corp. (ILFC). According to the Reuters... Read Story
July 11, 2013, 07:00 AM


Balboa Capital announced the addition of new commercial finance managers and the development of industry-specific teams to keep pace with the growing financing needs of middle-market companies throughout the United States.“In order to continue... Read Story
July 11, 2013, 06:50 AM


KeyBank announced that it has been selected as a partner bank in the pilot program of the U.S. Global Business Solutions initiative.  The U.S. Global Business Solutions (USGBS) is an interagency initiative launched by the Small Business... Read Story
July 10, 2013, 06:52 AM


The Alta Group provided due diligence and related corporate advisory services to Umpqua Holdings Corporation and Umpqua Bank in the recent acquisition of Financial Pacific Holding Corp., the parent company of  Financial Pacific Leasing, one of the... Read Story
July 10, 2013, 06:51 AM


National Funding signed on with Thunder SEO, an interactive marketing agency in San Diego, California and will be focusing on growing their local presence in multiple locations across the country by optimizing their website and incorporating link... Read Story
July 09, 2013, 06:50 AM


The Leasing Foundation has appointed Andrew Denton (CHP Consulting) as its first CEO and Mary McNamara (Close Brothers) as Chair of Governors. Professor Peter Thomas will become the Foundation's COO. Andrew Denton says: "These appointments are... Read Story
July 03, 2013, 06:59 AM


Key Equipment Finance, one of the nation’s largest bank-held equipment finance companies and an affiliate of KeyCorp, is proud to be selected as the 2013 Large Business of the Year by the Superior Chamber of Commerce, an organization that strengthens... Read Story
July 02, 2013, 06:20 AM


International Decision Systems (IDS) announced the release of InfoLease 10, which combines a new open architecture with best-in-class InfoLease functionality that is trusted by customers worldwide to manage their mission-critical portfolios. ... Read Story
June 28, 2013, 07:00 AM


The second quarter Phoenix Management “Lending Climate in America” Survey, results show more lenders anticipate spreads to decrease.Fifty-eight percent of respondents (versus sixty-five percent in the previous quarter) anticipate maintaining lending... Read Story
June 27, 2013, 07:03 AM


To better meet the global needs of its clients, Wells Fargo Capital Finance, part of Wells Fargo & Company, has formed a Commercial Services Division to provide factoring and accounts receivable financing products and services for U.S. and... Read Story
June 26, 2013, 07:06 AM


CHP Consulting, supplier of ALFA Systems and Societe Generale Equipment Finance (SGEF), recently named European Lessor and SME Champion of the Year, have announced the successful implementation of a web-based point-of-sale system in the UK.Featuring... Read Story
June 25, 2013, 07:15 AM


SNAP Financial Group (“SNAP”) has selected LeaseWave lease and loan management software by Odessa Technologies, Inc. (“Odessa”) to automate and administer their back office processes.  The SNAP Financial Group of Companies includes various... Read Story
June 25, 2013, 06:44 AM


Delegates from White Clarke Group’s (WCG) UK and Australian offices have been presented with a prestigious award during the China Leasing Summit in Beijing. WCG has been awarded the title Most Popular Automotive Finance and Leasing Solution Provider... Read Story
June 24, 2013, 12:00 PM


HNA Group Company Limited (HNA) of China, a leading diversified services and integrated operations company announced they have agreed to acquire GE Capital's TIP Trailer Services, a European market leading provider of transport equipment leasing... Read Story
June 24, 2013, 07:10 AM


Bloomberg reports that AIG has revived plans for an initial public offering of ILFC after the insurer extended a deadline for a group of Chinese investors to buy the business to July 31. According to the report,  AIG had shelved the IPO plan last... Read Story
June 24, 2013, 07:03 AM


Nations Equipment Finance announced that it has completed a $153 million term securitization of equipment lease and loan backed notes. The debt includes a senior tranche rated A2/A- by Moody's and DBRS and two subordinate tranches rated Baa2 and Ba2... Read Story
June 19, 2013, 06:54 AM


GE Capital, Corporate Finance announced that the teams specializing in the purchase and sale of equipment loans and leases in the secondary market will now collectively report to Lou Vigliotti, senior managing director, Capital Markets.  The... Read Story
June 18, 2013, 07:00 AM


According to an 8K filed on June 15, 2013, American International Group, Inc. (“AIG”), has given a group of Chinese investors more time to complete a deal to buy International Lease Finance Corportation. According to the filing, the Amendment extends... Read Story
June 18, 2013, 06:58 AM


Ritchie Bros. Auctioneers sold CA$60+ million (US$59.5+ million) of heavy equipment, property and trucks during a two-day unreserved public auction at its permanent auction site in Edmonton, Alberta, on June 12 - 13, 2013. More than 4,450 items were... Read Story
June 17, 2013, 06:58 AM


Balboa Capital announced that it has partnered with the Electric & Gas Industries Association (EGIA), a national non-profit energy efficiency and renewable energy contractor association. Balboa Capital will power EGIA’s nationally recognized GEOSmart... Read Story
June 14, 2013, 07:00 AM


CIT Group Inc. announced the company’s success in collecting more than 30 tons of food for the Interfaith Food Pantry, a Morris Plains, NJ-based organization that helps feed local families. The Livingston-based employee food drive is part of CIT’s... Read Story
June 14, 2013, 06:56 AM


Portfolio Financial Servicing Company (“PFSC”) announced that it has entered into a definitive agreement to act as Backup and Successor Servicer for an unsecured consumer installment loan portfolio.Commenting on this new engagement, John Enyart... Read Story
June 14, 2013, 06:50 AM


Bloomberg reported that John Thain, chief executive officer of CIT Group, discussed the outlook for the company and the U.S. financial industry while speaking on Bloomberg Television's "Market Makers".According to the Bloomberg report, Thain declined... Read Story
June 13, 2013, 07:06 AM


Colford Capital Holdings announced that Stellus Capital Investment Corporation has provided Colford $25 million in the form of senior secured notes. Colford plans to deploy the funds into its operating subsidiaries to support their continued growth... Read Story
June 13, 2013, 07:00 AM


The Leasing Foundation has launched a consultation process to understand the needs of the leasing and asset finance industry in terms of education. The purpose of the consultation is to start a discussion about education and development in the... Read Story
June 10, 2013, 11:00 AM


Bloomberg reported General Electric Co. (GE) Chief Financial Officer Keith Sherin will take over as head of GE Capital as soon as this summer, according to a Wall Street Journal report. According to the report, Mike Neal plans to step down as GE... Read Story
June 10, 2013, 07:00 AM


Lease Corporation of America (LCA) is proud to announce the celebration of its 25th anniversary.  “We could never have achieved this milestone without the efforts and skill of our loyal and dedicated employees many of whom have served LCA for well... Read Story
June 07, 2013, 07:01 AM


Ivory Consulting Corporation, the leading equipment finance pricing software and consulting firm, is pleased to announce that NXT Capital has selected Ivory’s SuperTRUMP lease and loan pricing software for its NXT Capital Equipment Finance division. ... Read Story
June 07, 2013, 07:00 AM


Bloomberg reported that AIG said in a regulatory filing Wednesday that it had received a deposit related to the sale of International Lease Finance Corp (ILFC). The deposit was to be for 10% of the total price. The filing does not provide details... Read Story
June 06, 2013, 07:00 AM


White Clarke Group announced that Exeter Finance Corp. selected White Clarke Group’s CALMS2  software solution.  Scheduled for phase one launch this summer, the new originations platform is the next step in Exeter’s plans for providing a premier... Read Story
June 06, 2013, 06:30 AM


Allegiant Partners announced an increased $30 million funding facility with Harris N.A. a part of BMO Financial Group. The facility can be expanded to up to $35 million. Umpqua Bank is a participant in the facility. "BMO Harris has once again done an... Read Story
June 05, 2013, 07:01 AM


Hatton National Bank (“HNB”) announced they have gone live with the LeaseWave technology platform from Odessa Technologies, Inc. (“Odessa”). HNB is the largest leasing provider in Sri Lanka, financing vehicles and various other types of equipment to... Read Story
June 04, 2013, 01:17 PM


Bloomberg reports that CIT may have become a more attractive takeover target now that the Federal Reserve Bank of New York lifted sanctions against the company that had restricted dividends, buybacks, severance payments and hiring since 2009.  The... Read Story
June 04, 2013, 07:03 AM


Balboa Capital announced the expansion of its point-of-use water (POUW) equipment vendor financing team. The company added new finance managers, credit specialists and customer service representatives, plus made several key enhancements to its POUW... Read Story
June 04, 2013, 07:00 AM


Constellation Financing Systems, a subsidiary of Constellation Software, Inc. announced  the newest release of ASSET, lease and loan portfolio management enterprise software, version 4.2.12.“This is by far the largest release with almost double the... Read Story
June 04, 2013, 06:45 AM


The Wall Street Journal reported that Michael Neal, GE Capital Chief Executive, said that he expects the the finance unit to be designated “systemically important” by U.S. financial regulators soon. According to the Wall Street Journal report... Read Story
June 03, 2013, 07:05 AM


CIT Group announced that it received notice from the Federal Reserve  Bank of New York (the FRBNY) that the Written Agreement, dated August 12, 2009, between CIT and the FRBNY has been terminated. To view the entire Written Agreement between CIT and... Read Story
May 31, 2013, 07:05 AM


According to analysts with Great American Group, slower than anticipated economic growth has impacted freight delivery across the country. Rolling stock and intermodal equipment demand has been flat in recent months, however analysts remain... Read Story
May 31, 2013, 07:02 AM


FICO, a predictive analytics and decision management software company, today announced that One Place Capital, a division of Bank Midwest, is using the cloud-based FICO® LiquidCredit® service to speed equipment financing decisions for medical, dental... Read Story
May 31, 2013, 06:52 AM


Bloomberg Businessweek said that according to a Wall Street Journal report, General Electric is evaluating successors to Michael Neal, who may step down as chief executive officer and chairman of GE Capital as soon as this summer. The management... Read Story
May 30, 2013, 07:15 AM


Quiktrak announced they have entered into an agreement with Westlake Flooring Services, a full-spectrum auto finance company, to provide field auditing services .Westlake has experienced tremendous growth in just a few short months since launching a... Read Story
May 30, 2013, 07:01 AM


CHP Consulting has announced that Nordea Finance, Northern Europe’s largest finance company group, has approved a four-year, multi-phased project to implement ALFA Systems for its Nordic companies.As the new package solution, ALFA will replace... Read Story
May 30, 2013, 06:04 AM


Balboa Capital said it has hired 70 new employees to accommodate the company’s rapid increase in new business and acquisition of several new strategic partners. To accommodate its growth, Balboa Capital added a new office location in a building... Read Story
May 29, 2013, 07:00 AM


Mayor Rahm Emanuel and World Business Chicago Vice-Chairman Michael Sacks announced Friday that Jeff Malehorn has been selected as the new president & CEO of World Business Chicago. “Jeff Malehorn is an outstanding choice for a critical role in the... Read Story
May 28, 2013, 07:00 AM


CIT Group Inc. announced that it relocated its Mexico office to Mexico City’s district of Santa Fe, as it looks to increase its market share and take advantage of the growth opportunities in the Mexican equipment financing market. The 1,470 square... Read Story
May 24, 2013, 01:00 PM


In a news release posted on the De Lage Landen Financial Services (DLL) website,  DLL alleges it has learned that a senior officer of Element Financial Corp. gained access to DLL’s computer systems without DLL’s consent or knowledge. The complaint... Read Story
May 24, 2013, 07:13 AM


Small business lending demand increased for a fourth consecutive month in April, according to the Monthly Small Business Lending Index released by Direct Capital.The index showed that small business lending demand across the United States in April... Read Story
May 24, 2013, 06:00 AM


Bloomberg reported General Electric is considering spinning off parts of its finance unit through an initial public offering. According to Bloomberg, while speaking at the Electrical Products Group Conference in Longboat Floriday yesterday, Immelt... Read Story
May 23, 2013, 07:11 AM


Toronto-based CSI Electronics Processing Centre (CSI EPC), a wholly-owned subsidiary of CSI Leasing Canada, has expanded its operations by purchasing TopFlight Asset Services in Calgary, Alberta. The acquisition complements CSI EPC’s existing... Read Story
May 23, 2013, 07:07 AM


GE announced today that the Board of Directors of GE Capital Corporation (GECC) had approved plans for GECC to pay $6.5 billion in dividends in 2013 to GE. Earnings-dividend payments, which are subject to GECC Board and GE Board Risk Committee... Read Story
May 20, 2013, 07:15 AM


Maven Management announced it has opened a new office in the Chicago area to assist with the rapid growth of its lease end service and remarketing business.Joel Robinson, President of Maven Management stated, "The industry has really embraced our... Read Story
May 20, 2013, 07:00 AM


NewStar Financial Inc. announced that it has amended and restated its senior secured notes to increase the amount to $200 million, extend the term to five years and reduce the interest rate among other things. The notes were rated BB- by Standard &... Read Story
May 17, 2013, 06:56 AM


U.S. Bank Equipment Finance announced that it will sponsor the Reshoring Initiative, a Chicago-based group established to educate manufacturers on the benefits of bringing their operations and corresponding jobs back to the United States.“Over the... Read Story
May 16, 2013, 07:11 AM


International Decision Systems (IDS) announced that its annual ConnectionPoint user conference will be held October 9-11, 2013 at the Windows on Minnesota Conference Center in downtown Minneapolis, MN.  Among the many IDS product advances showcased... Read Story
May 16, 2013, 06:58 AM


LeaseAccelerator announced that it has published a new lease accounting whitepaper for lessees that explains the new 2013 FASB Exposure Draft, which the FASB is expected to release later this week.  The official title is "How to Prepare Now for the... Read Story
May 14, 2013, 07:00 AM


The Royal Bank of Scotland Group plc (RBS) announced Bruce Van Saun (currently Group Finance Director) is to become Chairman and Chief Executive of RBS Citizens Financial Group (Citizens), replacing Ellen Alemany who will retire from Citizens after... Read Story
May 10, 2013, 07:13 AM


GE stated it increased its workforce in Chicago by adding 500 jobs in the city since announcing the company’s commitment to grow its local employee base in May 2011.Of the 500 jobs, the majority have been within GE Capital; however, other GE... Read Story
May 10, 2013, 07:11 AM


Cole Taylor Bank, a wholly-owned subsidiary of Taylor Capital Group, Inc. announced that it has formed a national ESOP Finance Group focused on the unique financing needs of middle market companies. Patrick J. Stoltz, Group Senior Vice President... Read Story
May 07, 2013, 07:11 AM


Element Financial Corporation (“Element” or “the Company”) announced several changes to the Company’s board of directors aimed at bringing increased independence and a broader regional perspective to the work of the board and its committees.In this... Read Story
May 07, 2013, 06:50 AM


GreatAmerica Financial Services Corporation announced today that it has added Print Audit Premier as an offering under its FleetView brand of device remote monitoring and management. Previously powered by either PrintFleet or FM Audit, the FleetView... Read Story
May 06, 2013, 07:12 AM


Element Financial Corporation ("Element" or "the Company"), announced that it has commenced rebranding the operations of the recently acquired CoActiv Capital Partners under Element's North American identity. Effective immediately, the legal name of... Read Story
May 03, 2013, 07:16 AM


GE Capital Equipment Finance has signed a three-year agreement to provide financing for commercial purchases of Global Electric Motorcars (GEM). Owned by Polaris Industries Inc., GEM produces electric low-speed vehicles that are typically used by... Read Story
May 03, 2013, 07:15 AM


North Mill Equipment Finance LLC (“North Mill EF”) announced that it has entered into a $50 million senior loan facility with Wells Fargo Capital Finance, part of Wells Fargo & Company (NYSE: WFC). The new loan facility will enable North Mill EF to... Read Story
May 01, 2013, 07:15 AM


Graphic Savings Group LLC dba GSG Leasing announced that it has completed its company name change to GSG Financial LLC, effective immediately. This change is part of a larger rebranding effort to emphasize the company's commitment to expand its... Read Story
May 01, 2013, 07:00 AM


Perfection Industrial Sales, a division of Perfection Global, along with joint venture partners Infinity Assets and Machinery Network Auctions, have announced their recent acquisition of formerly owned assets from Core Systems, LLC manufacturing... Read Story
April 29, 2013, 10:00 AM


The Sacramento Bee reported Farmers & Merchants Bank launched a new equipment leasing division, called F&M Capital. David Maurer, a 35-year veteran of banking and leasing, was named managing director of F&M Capital.According to the report, in 2005... Read Story
April 29, 2013, 07:15 AM


Ritchie Bros. Auctioneers sold more than CA$104 million (US$102+ million) of trucks and heavy equipment during a record breaking three-day unreserved public auction at its permanent auction site in Edmonton, Alberta last week, from April 24 - 26... Read Story
April 29, 2013, 07:06 AM


Quiktrak is pleased to announce the release of Revoquest Web 3.0 – the latest innovation from the leaders in floor plan inventory management technology. Revoquest Web 3.0 offers a more aesthetic design to improve user efficiency and experience.  The... Read Story
April 24, 2013, 07:04 AM


Increased efforts of the equipment leasing and asset finance industry to mitigate risk and offer new financing structures inspired enhancements to IFSLeaseWorks, company officials announced today. IFSLeaseworks is an integrated software system used... Read Story
April 24, 2013, 06:05 AM


GE Capital’s Equipment Finance business, a long-time provider of wholesale and retail financing for equipment manufacturers, is establishing a business development group, led by 28-year GE Capital veteran Jim Kelly. He adds this new role to his... Read Story
April 23, 2013, 07:23 AM


Capital One Bank today announced that it has appointed three new Managing Directors to expand its Commercial Rediscount Group, part of the Commercial and Specialty Finance Group. Kevin Gibbons, David Kucera and Matthew Tallo have joined the business... Read Story
April 23, 2013, 06:35 AM


Priority One Financial Services announced that it has been selected as one of The Tampa Bay Times Top Workplaces.The Top Workplaces are determined based solely on employee feedback. The employee survey is conducted by WorkplaceDynamics, LLP, a... Read Story
April 22, 2013, 11:29 AM


Site records broken for the most sellers at a Houston auction, largest online gross auction proceeds, and largest number of online bidders and online buyers. Ritchie Bros. Auctioneers sold more than US$47 million of heavy equipment and trucks during... Read Story
April 22, 2013, 07:05 AM


Fifth Third Bank announced today that it has extended more than $7.6 billion in new and renewed credit to business customers from January through March 2013."We are focused on listening to our customers to understand their businesses and changing... Read Story
April 22, 2013, 07:00 AM


Priority One Financial Services, the recreational industry’s oldest and largest F&I outsourcing provider, introduces commercial use RVs, fifth wheels and utility/mobile trailers to its equipment financing service. Earlier this year, Priority One... Read Story
April 19, 2013, 07:00 AM


Mary McNamara, CEO of Close Brothers' commercial division, will lead the Leasing Foundation's Women in leasing Initiative, intended to attract a more diverse range of talent to the leasing and asset finance industry and to support women in the... Read Story
April 19, 2013, 06:00 AM


Merchants Leasing announces the change of their name to Merchants Fleet Management. This adaptation acknowledges the significant growth of the organization not only in the fleets they lease and manage, but the breadth and depth of service... Read Story
April 17, 2013, 07:26 AM


Creekridge Capital, a nationwide independent vendor leasing company, announced it has originated more volume in 2012 than any previous year in its history. In the past year, Creekridge has added several new vendor partners and continues to invest in... Read Story
April 17, 2013, 06:56 AM


GE Capital Fleet Services today announced a first-of-its-kind agreement with Carfax, the vehicle history expert for the automotive industry, to develop real-time reporting for fleet managers detailing safety recalls not yet performed on vehicles... Read Story
April 17, 2013, 06:37 AM


PayNet, a leader in small business analytics and risk management solutions, announces the PayNet Small Business Delinquency Index (SBDI), a new economic index that quantifies small business financial stress and default and provides early warning of... Read Story
April 16, 2013, 07:14 AM


In an exclusive interview featured on Bloomberg, Element Financial's Chief Executive Officer Steve Hudson said selling repackaged leases to life insurance companies helped his Canadian firm avoid the “financial market heroin” that almost ruined his... Read Story
April 11, 2013, 07:14 AM


CG Commercial Finance (CGCF) announced that it has provided a $64MM equipment lease to a joint venture formed by international investment grade companies for a water treatment plant.  The water treatment plant is an integral part of the company’s new... Read Story
April 11, 2013, 07:06 AM


Stephanie Strickland, currently R&D Manager for the Association of Business Schools, has joined the Leasing Foundation as an associate adviser for the Foundation's diversity activity Women in Leasing.Stephanie holds an MSc in Gender and International... Read Story
April 09, 2013, 01:00 PM


From the first quarter Phoenix Management “Lending Climate in America” Survey, results show that lenders have shifted lending expectations from negative to positive.When asked about domestic lending, 48% of lenders feel that it will increase in the... Read Story
April 09, 2013, 07:19 AM


NewStar Financial announced that it has formed a new managed credit fund, NewStar Arlington Fund LLC (the "Fund" or "Arlington"), in partnership with an institutional investor to co-invest in middle market commercial loans originated by NewStar. The... Read Story
April 09, 2013, 07:14 AM


LeaseTeam announced that Engs Commercial Finance has selected and implemented LeaseTeam's ASPIRE solution.  ASPIRE is LeaseTeam’s cutting edge end-to-end lease and loan management solution.Engs Commercial Finance is an independent commercial... Read Story
April 09, 2013, 07:05 AM


International Lease Finance Corporation (ILFC) announced the partial prepayment and amendment of its secured term loan entered into on February 23, 2012. This prepayment reduces the outstanding principal amount to $750 million, from the original loan... Read Story
April 08, 2013, 06:49 AM


TCF Inventory Finance, Inc. (“TCFIF”), a subsidiary of TCF National Bank and an indirect subsidiary of TCF Financial Corporation (“TCF”) is celebrating its fifth anniversary this week. “It’s hard to believe that it has been five years since we first... Read Story
April 05, 2013, 07:00 AM


BancVue, a provider of innovative products, dynamic marketing, and data-driven consulting services to community financial institutions, announced the strategic acquisition of BancLeasing, a pioneer in providing financial institutions with highly... Read Story
April 03, 2013, 06:32 AM


NXT Capital announced the launch of NXT Capital Equipment Finance. This new business will be led by Michael Gay, an equipment finance industry veteran. NXT Capital Equipment Finance offers a full range of flexible financing solutions to middle-market... Read Story
April 02, 2013, 07:14 AM


Pacific Rim Capital, Inc. (“PRC”) has selected LeaseWave lease and loan management software by Odessa Technologies, Inc. (“Odessa”) to automate and administer their front office and back office processes.  PRC is the nation’s largest independent... Read Story
April 01, 2013, 03:00 PM


Teranga Gold Corporation ("Teranga" or the "Company") announced that it has entered into a $50 million Equipment Finance Facility with Macquarie Bank Limited ("Macquarie") (the "Equipment Facility"). The Equipment Facility replaces, in its entirety... Read Story
April 01, 2013, 06:35 AM


Equipment Appraisal Services (EquipmentAppraisal.com) announced that it has launched an online marketplace for buyers and sellers of machinery and equipment. The website EquipmentAuction.com allows users to list items for sale in various categories.... Read Story
March 28, 2013, 07:15 AM


World Business Lenders, a lender to small businesses, announced that it closed a credit facility with Harvest Capital Credit.  According to the company, the financing will be used to increase its lending to small businesses across the country.Founded... Read Story
March 25, 2013, 07:06 AM


Bloomberg reported that General Electric distanced itself from a report that it might consider spinning off GE Capital. As reported yesterday by Dow Jones, Chief Executive Officer Jeffrey Immelt told business leaders in Sydney that he’d “never say... Read Story
March 21, 2013, 07:20 AM


CIT Group announced that its Livingston-based employees have donated more than 30 tons (60,000 pounds) of food as part of its inaugural company-wide global initiative to fight hunger. The food will be donated to Morris Plains, NJ-based Interfaith... Read Story
March 21, 2013, 07:00 AM


On an item posted to the Fox Business news website, The Wall Street Journal reported that General Electric Co. (GE) Chairman and Chief Executive Jeff Immelt said Tuesday that the company may consider spinning off GE Capital to simplify its structure... Read Story
March 20, 2013, 07:27 AM


LeaseTeam announced that Susquehanna Commercial Finance Inc. has gone live with ASPIRE becoming LeaseTeam’s 40th successful ASPIRE install.Susquehanna has enjoyed consecutive year over year double digit growth through an enhanced focus on its direct... Read Story
March 20, 2013, 07:20 AM


Commonwealth Capital Corp. recently received awards and recognition as one of the Top 50 Women Owned Businesses in Pennsylvania, Top 50 Diversity Owned Businesses in Pennsylvania, Top 100 Privately Held Businesses in Pennsylvania, and Top 500 Woman... Read Story
March 19, 2013, 07:14 AM


Global Financial & Remarketing Services, LLC announced its new name, Global Financial & Leasing Services, LLC. The revised name better reflects the company’s core commitment which is equipment leasing solutions.J.D. Jenks, President & CEO stated, “In... Read Story
March 18, 2013, 07:15 AM


NetSol Technologies announced the opening of a new office in Sydney, augmenting its presence in Australia to capture a growing market opportunity in the broad equipment finance sector and enhance service capability in the region. "Australia is a very... Read Story
March 15, 2013, 07:12 AM


Priority One Financial Services reported the passing of Margaret Friauf, staff accountant, who died on Sunday, March 10, 2013 in her home after a battle with cancer. Margaret was a member of the Priority One family for nearly eight years and... Read Story
March 15, 2013, 07:00 AM


IronPlanet broke its record for the largest single unit ever sold. A buyer from North Carolina won a Marion 7820 Walking Dragline in IronPlanet’s Daily Marketplace, for the highest bid of $3 million from a seller in Pennsylvania.Weighing over 2,000... Read Story
March 14, 2013, 07:00 AM


Bank of the West announced that it is rapidly expanding its commercial banking team in 2013 to meet increased demand for its products and services. Following a strong 2012 in which its commercial and industrial loans grew 20 percent, Bank of the West... Read Story
March 12, 2013, 07:13 AM


Great American Insurance Group, a provider of insurance and risk management solutions for equipment lease and finance businesses, announced a strategic relationship with ECS Financial Services, a provider of lease portfolio management, tax compliance... Read Story
March 11, 2013, 07:29 AM


Attorney General Eric T. Schneiderman announced that his office has reached a multi-million dollar settlement with a group of New York City-based business equipment leasing companies that schemed to drain nearly $11 million from the bank accounts of... Read Story
March 08, 2013, 07:20 AM


Ritchie Bros. Auctioneers said it sold more than $44 million of equipment items and trucks at a two-day unreserved public auction held at its permanent auction site in Fort Worth, Texas on March 5 & 6, 2013. New auction site records were set for... Read Story
March 08, 2013, 07:18 AM


Summit Funding Group announced it is celebrating 20 years in business. Since opening its doors in 1993, the company has originated over $1.5 billion of equipment lease and finance transactions and worked with thousands of highly regarded customers... Read Story
March 07, 2013, 06:00 AM


Direct Capital announced the company has released a heat map illustrating small business lending demand over the last year in the United States.The heat map revealed that while lending demand was strong across the board in 2012, several states saw a... Read Story
March 06, 2013, 07:15 AM


The Hertz Corporation and Donlen, the fleet industry’s most comprehensive and integrated provider of financing and asset management solutions, today announced the launch of HERC Ready Finance™, a groundbreaking equipment acquisition program, in... Read Story
March 01, 2013, 07:24 AM


GE Antares, a unit of GE Capital, announced today it closed more than 220 senior loan transactions, totaling $15.3 billion in financing, during 2012."Helping build and strengthen the middle market is central to our business," said John Martin... Read Story
February 27, 2013, 07:14 AM


White Clarke Group announced full implementation in the UK and China of CALMS2. The company’s flagship technology platform supports the complete lifecycle of automotive finance and loan origination from point-of-sales through credit approval... Read Story
February 27, 2013, 07:00 AM


MediaTechnics Corporation announced that it has executed a letter of intent to sell more than $500,000 of LED based grow lights to Evergreen Systems Incorporated ("ESI") and as much as another $500,000, or more, in solar power products over the next... Read Story
February 25, 2013, 06:33 AM


Boston Financinal & Equity (BF&EC) announced Google acquired Channel Intelligence, a Celebration-based software company, for $125 million in cash. Channel Intelligence develops technology that streamlines the online-buying process. The purchase of... Read Story
February 22, 2013, 11:00 AM


Odessa Technologies announced the introduction of a new product for companies looking to better manage their end of lease processes.  LeaseWave End of Lease Management integrates seamlessly with major legacy applications, allowing lessors to retain... Read Story
February 21, 2013, 06:33 AM


Orion First Financial, LLC has begun servicing contracts for Pacific Capital Companies, a small ticket equipment finance company headquartered in Santa Monica, CA. Orion will provide credit underwriting, billing, cash management, front end... Read Story
February 20, 2013, 07:00 AM


PHH Arval, a leading fleet management services provider, has been named to Baltimore Magazine’s 2013 “Best Places to Work” list. The annual list honors companies in the Baltimore area known for their positive work environments, dynamic leadership... Read Story
February 19, 2013, 06:00 AM


CHP Consulting has launched the first and second of eight articles in its current series on how to transform an asset finance company through systems implementation, Right First Time.The Right First Time series is aimed at companies looking to... Read Story
February 15, 2013, 07:20 AM


Direct Capital is currently ranked one of the 10 best places to work in U.S. by Indeed.com, a leading job-search site. The company is ranked eighth on Indeed’s list of 500 U.S. employers and is the top-ranked financial services firm overall. Direct... Read Story
February 15, 2013, 07:15 AM


Linedata has agreed to acquire HCL Technologies' CapitalStream business and enter into a strategic partnership with HCL Technologies Ltd. The transaction is expected to close before the end of Q1 2013. This combination will enable Linedata to offer a... Read Story
February 15, 2013, 06:57 AM


Volkswagen Financial Services (VWFS) is the captive finance company for the Volkswagen Group automotive brands in the UK. These include Volkswagen, Volkswagen Commercial Vehicles, SEAT, ŠKODA, Audi, Bentley, Lamborghini and Porsche. In addition, the... Read Story
February 14, 2013, 11:00 AM


United Leasing, Inc. has announced the closing of a $195 million with an accordion to $300 million, multi-year, senior secured revolving credit facility with JPMorgan Chase Bank, N.A. and a syndication of lending institutions including US Bank, Bank... Read Story
February 14, 2013, 06:51 AM


U.S. Micro Corporation, a leader in enterprise data security and IT asset disposition (ITAD), today announced that it will be the exclusive provider of ITAD services to Macquarie Equipment Finance’s (MEF) North American customers. MEF, a business... Read Story
February 13, 2013, 07:20 AM


GE announced the sale of its remaining 49% common equity interest in its joint venture with Comcast, which includes NBCUniversal (NBCU), as well as the NBCU floors in 30 Rockefeller Center, for $18.1 billion. Under the terms of the transaction, GE... Read Story
February 13, 2013, 07:15 AM


In a senior executive Summit held last month by The Alta Group, a global consulting firm devoted to the business of equipment finance and leasing, the subject of innovation was deeply explored from many perspectives and with insight from industry... Read Story
February 12, 2013, 07:29 AM


Reuters reported that CIT Group had preliminary talks over the past year and a half to sell itself to banks, including Toronto-Dominion Bank and Wells Fargo & Co, but nothing came of the conversations, according to three people familiar with the... Read Story
February 11, 2013, 07:30 AM


Direct Capital announced that it has completed a $163 million term securitization of equipment lease backed notes. This financing will be used to support the company’s rapid new business growth and to reduce the amount of borrowings outstanding under... Read Story
February 11, 2013, 07:15 AM


Somerset Capital announced it consummated a refinancing of a portion of its debt generating immediate and significant interest savings while availing itself of a more flexible funding structure than the retired debt facility.Coming off its second... Read Story
February 08, 2013, 07:00 AM


Just a few weeks after AccuVal and LiquiTec announced the co-branding of their businesses under the name AccuVal-LiquiTec, the reputed AccuVal newsletter has taken on a new look and feel. Now called The AccuVal-LiquiTec Advisory, the newsletter... Read Story
February 07, 2013, 07:20 AM


Daniel Krajewski, Vice President of Business Development at Direct Capital, has been named the Chair of the Equipment Leasing & Finance Association’s Captive & Vendor Finance Business Council Steering Committee. Krajewski brings more than 20 years of... Read Story
February 07, 2013, 06:51 AM


Midwest equipment leasing veterans Spencer Richman and Richard Homan have launched a new division of American Financial Network, Inc. (AFN). Bankers' Equipment Leasing will provide Midwest community bankers an opportunity to offer equipment leasing... Read Story
February 06, 2013, 07:19 AM


Orion First Financial, LLC has begun servicing contracts for Endurance Lending Network, an exciting, forward-thinking web-based lending platform with offices in San Francisco and New York. Endurance utilizes a web-based lending platform that connects... Read Story
February 06, 2013, 07:18 AM


The White Clarke Global Leasing Report 2013 has been tracking the worldwide market for leasing products for more than 30 years and has become the leading analysis of country trading environments and world trends in auto and asset finance.According to... Read Story
February 05, 2013, 07:23 AM


CIT Group announced that it arranged a $50 million senior secured term loan to Avenel, NJ-based Dana Transport, one of the transport industry’s leading carriers and servicing companies. CIT Capital Equipment Finance served as Lead Arranger, Sole Book... Read Story
February 05, 2013, 07:15 AM


LEAF Commercial Capital, Inc. (“LEAF”), in conjunction with Operation Hope, recently hosted a financial services career day for students of the Olney Charter School. The half-day event was held at LEAF’s corporate offices in Center City, Philadelphia... Read Story
February 04, 2013, 10:00 AM


ZRG Partners has reported 2012 revenues were up 26% compared to 2011. Driving growth was ZRG’s strategic decision to expand the firm’s European footprint through the opening of new offices in Switzerland, Germany and the Netherlands. Ken Vancini... Read Story
February 04, 2013, 10:00 AM


TBF Financial reported gaining six major business opportunities recently from companies committed to selling charge-offs in the first half of 2013,  a far greater number than ever before in the 15-year history of the company, said Brett Boehm... Read Story
February 04, 2013, 07:12 AM


NetSol Technologies announced the upgrade of the NetSol Financial Suite (NFS) - Wholesale Finance System (WFS) in the United States and Canada, providing customers with the option of implementing the platform under a Software-as-a-Service (SaaS)... Read Story
February 04, 2013, 06:00 AM


Crestmark announced it has expanded its services to include equipment financing. A company press release notes the move emphasizes Crestmark’s significant effort and continued focus to provide superior service to itsr customers. The opportunity... Read Story
January 31, 2013, 07:10 AM


White Clarke Group, market leaders in software solutions and business consultancy to the automotive and asset finance sector for retail, fleet and wholesale announced the opening of their new office in Beijing. The announcement is timed to coincide... Read Story
January 29, 2013, 06:50 AM


Five Point Capital continues to hire and train sales specialists to meet the demand for additional sources of financing in the small business community. This month, the company added another group of sales representatives, its fifth such group within... Read Story
January 28, 2013, 07:15 AM


The economy and changing industry landscape have altered the way businesses leverage their assets. Companies have an unprecedented opportunity to maximize borrowing as the liquidation marketplace for industrial assets has gone mainstream. Lenders... Read Story
January 25, 2013, 07:25 AM


Hennessey Capital, a division of Hitachi Capital America Corp., today announced that it is offering equipment financing to complement its traditional revolving lines of credit.“Our new partnership with Hitachi Capital America Corp. has not only given... Read Story
January 25, 2013, 07:10 AM


Creditors Trade Association (“CTA”), a North American capital asset recovery business founded in 1920, announced a recently formed Joint Venture with Fortune Capital Recovery (“FCR”), targeting major business accounts in securing payment of... Read Story
January 24, 2013, 07:00 AM


Ritchie Bros. announced the initial release of a new online equipment marketplace called Ritchie Bros. EquipmentOne. Complementary to the Company's flagship unreserved auction business, Ritchie Bros. EquipmentOne (www.EquipmentOne.com) is a secure... Read Story
January 22, 2013, 07:30 AM


PayNet announces the release of the PayNet MasterScore which is now available on the Credit History Report to help Canadian equipment finance lenders enhance their credit granting process. PayNet MasterScore is the most predictive credit score ever... Read Story
January 22, 2013, 07:22 AM


On Deck announced that the company is growing at a rapid rate with over 100% growth in the past year and a total of more than $350 million dollars in loans deployed to the critically underserved small business population. The company also announced a... Read Story
January 18, 2013, 07:25 AM


Nations Equipment Finance announced that it completed another successful year by closing twelve transactions totaling $35MM in December of 2012. The transactions involved construction equipment, tractors and trailers, machine tools, school buses... Read Story
January 18, 2013, 07:09 AM


Scottrade Bank recently expanded its offerings by launching Scottrade Bank Equipment Finance, a new division that will offer a full range of equipment finance options, and specialize in originating and syndicating commercial equipment leases for U.S.... Read Story
January 17, 2013, 07:32 AM


CIT Group announced that it has provided an equipment based revolving line of credit to BAUER-Pileco, Inc., a U.S. subsidiary of BAUER Aktiengesellschaft (BAUER AG). Financing was provided by CIT Bank, the U.S. commercial bank subsidiary of CIT. ... Read Story
January 17, 2013, 07:25 AM


The Alta Group, a global equipment leasing and finance consultancy, announced today the development of a new vertical industry focus, Diversified Industries, to be headed by Paul W. Frechette, a senior managing director.  Alta also appointed Valerie... Read Story
January 15, 2013, 07:30 AM


LEAF Commercial Capital, Inc. (“LEAF”) is pleased to welcome back Michael Wojciechowicz to his role as Tax Director, after a 2-year absence in the service of our country. Commander Wojciechowicz came to work for LEAF in September of 2007, while... Read Story
January 15, 2013, 07:28 AM


Northpoint Commercial Finance LLC (“Northpoint”) announced an inventory inspection agreement with Douglas Guardian Services Corp. as their inventory inspection provider.Dan Radley, Northpoint’s Chief Executive Officer stated “Our formula for success... Read Story
January 14, 2013, 07:00 AM


The Alta Group, a global financial consultancy, is pleased to announce that Paul Bent, a Senior Managing Director of the firm and the head of Alta’s Legal Support Services Practice, has been named the Long Beach, California, Lawyer of the Year for... Read Story
January 11, 2013, 07:15 AM


Lancaster Online reported two defendants in the Equipment Finance Inc. fraud case were sentenced Thursday to a year and a day in prison for their roles in the fraud.Misty Kroesen and her husband, Curtis, were sentenced by U.S. District Judge Paul... Read Story
January 11, 2013, 07:12 AM


The results of the quarterly Manufacturers Alliance for Productivity and Innovation (MAPI) Survey on the Business Outlook (EO-118) indicate little change from the previous report—namely that the sector continues to grow, but at a nominal pace as it... Read Story
January 11, 2013, 07:10 AM


Key Equipment Finance announced that Lori G. Frasier, senior vice president of strategic services, has been named chairperson of 36 Commuting Solutions, a transportation advocacy nonprofit organization.The mission of 36 Commuting Solutions is to... Read Story
January 08, 2013, 02:30 PM


From the fourth quarter Phoenix Management “Lending Climate in America” Survey, results show that retail trade and finance & insurance industries supplanted construction for the first time in two years as those industries most likely to experience... Read Story
January 08, 2013, 07:27 AM


Ritchie Bros. Auctioneers Incorporated, the world’s largest auctioneer of industrial equipment, sold approximately $3.9 billion of equipment at 328 unreserved auctions around the world in 2012. This represents a 5% increase in gross auction proceeds... Read Story
December 27, 2012, 07:40 AM


MicroFinancial Incorporated a financial intermediary specializing in vendor-based leasing and finance programs for microticket transactions, announced that its operating subsidiary, TimePayment Corp., has increased its revolving line of credit from... Read Story
December 27, 2012, 07:15 AM


Hitachi Capital Canada Corp (HCC) celebrated the launch of their Canadian business platform in grand style at the Ritz-Carlton Toronto on December 13, 2012.  Hitachi Capital America (HCA) celebrated the conclusion of an extensive project to establish... Read Story
December 24, 2012, 07:53 AM


CapitalSource announced that its Founder, John K. Delaney, has resigned as Chairman and a member of the Company's Board of Directors and as a member of the CapitalSource Bank Board of Directors, effective immediately, as he completes preparations to... Read Story
December 21, 2012, 07:44 AM


Balboa Capital Corporation announced the acquisition of a revolving credit facility with Wells Fargo Capital Finance, part of Wells Fargo & Company. Balboa Capital will use this additional capacity to fund the company’s complete portfolio of... Read Story
December 20, 2012, 07:00 AM


Merchants Leasing, a division of the Merchants Automotive Group, Inc. announces they have gone live with the LeaseWave technology platform from Odessa Technologies, Inc. Merchants, a top ten national fleet management company started in 1962... Read Story
December 19, 2012, 07:19 AM


FirstMerit Bank Business Credit announced it closed a new $35 million revolving credit loan facility to Ervin Equipment, Inc., on November 21, 2012. Proceeds of the facility were used to refinance existing debt and provide ongoing working capital.... Read Story
December 17, 2012, 06:47 AM


Private equity firms are racing to beat the fiscal cliff and have increasingly accessed the debt markets this year as readily available capital has allowed them to refinance and recapitalize their portfolio companies, so much so that it’s driving... Read Story
December 14, 2012, 07:11 AM


TIP Capital, a leading equipment financing and asset management company in Michigan, has upgraded its IT platform by deploying a private cloud hosted at The Markley Group's flagship datacenter located in Boston, Massachusetts.“TIP Capital has... Read Story
December 13, 2012, 07:27 AM


Ecologic Leasing Services announced today that the company has completed its first equipment financing transaction in the Republic of Zambia in Southern Africa. Doug Slais, Ecologic’s Vice President of Capital Sourcing, said, “Ox Drilling Limited in... Read Story
December 12, 2012, 10:00 AM


TBF Financial announced it closed a $36 million portfolio of charge-offs in late November through a brokered transaction involving a bank with loans, lines of credit, and equipment leases it wanted to sell quickly.Brett Boehm, principal of TBF... Read Story
December 12, 2012, 07:30 AM


Ritchie Bros. Auctioneers conducted its largest ever Quebec and Saskatchewan auctions this week—selling more than CA$42 million (US$43+ million) of equipment in Montreal, QC (December 5 - 6, 2012) and CA$30 million (US$30+ million) in Saskatoon, SK... Read Story
December 10, 2012, 06:58 AM


Societe Generale Equipment Finance (SGEF) received the “European Lessor of the Year” and “SME Champion of the Year” awards at the Leasing Life Awards ceremony on 29th November in Barcelona, Spain.A panel of judges, specialists and professionals... Read Story
December 07, 2012, 07:52 AM


TIP Capital and ecoInsight have aligned their resources to present building owners with a competitive financing alternative to upgrade their properties to the latest energy efficient lighting technology while reducing their monthly utility costs.More... Read Story
December 04, 2012, 07:49 AM


De Lage Landen has been awarded the highly esteemed award of ‘Vendor Finance Provider of the year’ 2012 by Leasing Life, the top leasing industry journal in Europe. The most prestigious prize within the Vendor Finance Industry, this award is given to... Read Story
November 30, 2012, 07:38 AM


National Leasing has been added to the list of Canada's 10 Most Admired Corporate Cultures, as presented by Waterstone Human Capital. National Leasing was a regional winner of the Canada's 10 Most Admired Corporate Cultures program in 2011, and its... Read Story
November 30, 2012, 06:39 AM


Ritchie Bros. Auctioneers announced that it will be holding its first unreserved public auction in China during Spring 2013. Although relatively new to the Chinese heavy equipment market, unreserved industrial auctions have been a quick and easy... Read Story
November 29, 2012, 07:24 AM


Navitas Lease Corp. continues expansion of its capital base to support growth in the small ticket financing marketplace.Navitas successfully closed the second tranche of its Series B Preferred Stock investment led by BlueMountain Capital Management... Read Story
November 28, 2012, 02:00 PM


In a survey of more than 680 business executives conducted by KPMG LLP, almost 80% of respondents from both U.S. domestic and multinational companies said they would be willing to accept the repeal of certain tax incentives in exchange for the lower... Read Story
November 26, 2012, 07:46 AM


Financing and leasing companies (FLCs) are well positioned from a financial and credit perspective heading into 2013, according to Fitch Ratings. Fitch's outlook covers issuers in both the consumer and commercial financing segments. Sector strengths... Read Story
November 16, 2012, 07:39 AM


Equipment Finance Advisor announced the launch of its newest innovative online publishing platform – ABL Advisor at the Commercial Finance Association’s annual convention in Phoenix, AZ on November 15th.  This platform, designed to meet the... Read Story
November 16, 2012, 06:18 AM


GreatAmerica Leasing Corporation announced it has adopted the new trade name “GreatAmerica Financial Services.” The change better reflects the wide array of services the company delivers to its customers. “GreatAmerica is far more than a leasing... Read Story
November 14, 2012, 07:09 AM


Kirk Phillips, Senior Vice President, AIG Commercial Asset Finance, has been re-elected to serve on the Equipment Leasing and Finance Association's Financial Institutions Business Council Steering Committee. The Financial Institutions Business... Read Story
November 14, 2012, 06:00 AM


Element Financial Corporation ("Element") is pleased to announce that it has amended the terms of its previously announced private placement bought deal offering of special warrants of Element ("Special Warrants") to increase the size of the offering... Read Story
November 12, 2012, 07:36 AM


The sentiment of Canadian chief financial officers (CFOs) of middle-market companies on the state of their own industry and the strength of the national economy remained steady and positive in the third quarter, according to the latest GE Capital Mid... Read Story
November 09, 2012, 07:00 AM


On November 5, CSI President & COO Steve Hamilton accepted, on behalf of CSI, the Greater St. Louis Top 50 Award, an awards program sponsored by the St. Louis Regional Chamber & Growth Association (“RCGA”).  The 50 winners were selected based on... Read Story
November 08, 2012, 06:43 AM


Ascentium Capital announced that it added both Bank of America and Credit Suisse to its existing lender group which currently includes UBS and Bank of Montreal/Harris Bank.Tom Depping, Chief Executive Officer of Ascentium Capital stated, "We are... Read Story
November 07, 2012, 07:00 AM


GreatAmerica Leasing launched Info-Zone mobile today, an app that brings Info-Zone.com front and back-end functionality to the Apple, Android, Windows, and Blackberry mobile platforms. Info-Zone.com is a portal, available exclusively to GreatAmerica... Read Story
November 02, 2012, 08:01 AM


CSI Leasing (“CSI”) announced it has gone live in the US and Canada with LeaseWave from Odessa Technologies.“CSI Leasing continues to expand both its North American and global platforms. LeaseWave will enable us to leverage technology to scale our... Read Story
November 01, 2012, 07:00 AM


Decker Forklifts announced it has brought the company’s expertise overseas, offering the ability to deliver any size piece of equipment anywhere in the world. “We’ve been shipping to Australia, Japan, Europe and South America on a regular basis, and... Read Story
October 31, 2012, 07:16 AM


Crystal Financial LLC, an independent commercial finance company, announced it has provided a CAD $40 million loan facility—in the form of senior secured debt—to Red Ash Capital LP, a company associated with Hilco UK Limited to facilitate the... Read Story
October 31, 2012, 07:00 AM


Polycom, Inc., the global leader in open standards-based unified communications and collaboration (UC&C), today introduced a series of new customer financing options that put comprehensive, tailored UC&C solutions within reach of more customers.... Read Story
October 30, 2012, 11:10 AM


Ritchie Bros. Auctioneers sold more than $61 million of heavy equipment and trucks during an unreserved public auction in Edmonton, Alberta on October 24 & 25, 2012. More than 5,400 registered bidders competed for more than 4,900 equipment items and... Read Story
October 29, 2012, 07:00 AM


White Clarke Group, international consultancy and business solutions provider to the asset and automotive finance industry, has just published the definitive analysis of the current state of play for the U.S. Asset and Auto Finance industry. After... Read Story
October 23, 2012, 06:51 AM


CIT Group reported a net loss for the quarter ended September 30, 2012 of $305 million compared to a net loss of $32.8 million for the third quarter of 2011. The current period includes charges of $471 million related to the redemption of $4.6... Read Story
October 23, 2012, 06:44 AM


Bank of the West and BNP Paribas Leasing Solutions are partnering to provide enhanced equipment finance and leasing services for capital equipment manufacturers and dealers.Bank of the West and BNP Paribas Leasing Solutions have formed a joint... Read Story
October 22, 2012, 07:00 AM


Republic Business Credit announced the launch of Republic1. For businesses with needs beyond Receivables Finance, Republic1 provides additional funding for Inventory and also Machinery and Equipment. “Many businesses are looking to finance not only... Read Story
October 19, 2012, 06:55 AM


International Decision Systems (IDS) announced that the company is being recognized for 30 years of membership in the Equipment Leasing and Finance Association (ELFA), the premier trade association representing financial services organizations from... Read Story
October 18, 2012, 06:43 AM


Latin America’s equipment leasing and asset finance industry shrank by 13% in overall portfolio value in 2011, according to The Alta Group, the leading global consulting firm focused on the equipment leasing and asset finance industry. The Alta Group... Read Story
October 18, 2012, 06:00 AM


TAB Bank announced it has provided a $3 million senior credit facility through a multi-year agreement for InterMetro Communications, Inc. of Simi Valley, CA.InterMetro Communications is a leading facilities-based IP communications provider of... Read Story
October 17, 2012, 07:43 AM


Somerset Capital Group announced record quarter ending lease originations for the period ending September 30, 2012. In nearly 30 years in business, Somerset not only closed on a record quarter ending for new lease originations, but also established... Read Story
October 17, 2012, 06:57 AM


Deutsche Bank and GE Aero Energy, a General Electric Company business that manufactures gas turbines and other power equipment, have announced their collaboration to introduce new risk management and working capital solutions for complex projects in... Read Story
October 16, 2012, 06:24 AM


Cole Taylor Equipment Finance has selected LeaseWave lease and loan management software by Odessa Technologies, Inc. (“Odessa”) to automate and administer their front office and back office processes. Cole Taylor Equipment Finance is part of the... Read Story
October 15, 2012, 07:18 AM


J.H. Cohn LLP and Reznick Group, P.C., two of the top-20 accounting and consulting firms in the U.S., announced the completion of their combination, forming CohnReznick LLP.  CohnReznick is now the 11th largest firm in the country with 25 offices... Read Story
October 15, 2012, 07:01 AM


TBF Financial announced this week that it has acquired a commercial small-ticket portfolio from a bank that had $25 million in outstanding charge-offs on leases and loans. TBF was the highest bidder in an auction for this collections project... Read Story
October 10, 2012, 07:49 AM


The gaming industry isn’t as recession-proof as many expected and experienced wide-scale expansion since the last economic downturn, but this year it has seen significant market activity and continued growth is expected according to Steve Epperly... Read Story
October 10, 2012, 07:09 AM


LeaseTeam and eOriginal, a leader in electronic signatures, vaulted repository and electronic transaction management solutions are pleased to announce their new partnership. LeaseTeam will now provide electronic signature and transaction management... Read Story
October 09, 2012, 06:56 AM


The Independent Community Bankers of America (ICBA) announced that it strongly supports the Conference of State Bank Supervisors’ (CSBS) opposition to proposed Basel III capital standards. CSBS, the association of state banking regulators, said the... Read Story
October 05, 2012, 07:31 AM


Ritchie Bros. Auctioneers sold approximately $561 million of equipment at 31 unreserved auctions around the world in September 2012, the highest September gross auction proceeds in Company history and one of its largest ever months. The Company also... Read Story
October 05, 2012, 07:02 AM


The 10th  Latin American Leasing Conference November 8-9 at the Hotel Intercontinental Doral in Miami will help equipment leasing and asset finance operations in "Creating Value for a New Era." The conference will feature sessions focused on this... Read Story
October 05, 2012, 06:22 AM


New York Business Journal reported that Goldman Sachs helped Capital Access Network Inc. close on a $1 billion round of financing that will target small businesses.  According to the report, New York City-based Capital Access said the investment bank... Read Story
September 28, 2012, 06:32 AM


Innovation and change was the theme as EquipmentEngine Financial Services Company, LLC unveiled its unique portfolio services model and innovations today as a first-time exhibitor at the National Equipment Finance Association’s Annual Funding... Read Story
September 24, 2012, 01:00 PM


Orion First Financial, LLC confirmed that it has contracted with Dynamic Funding, Inc. to begin servicing equipment lease and loan contracts.Contracts were transferred to Orion effective August 10th, 2012, after Dynamic Funding concluded that Orion... Read Story
September 18, 2012, 04:00 PM


TD Bank announced that their Asset-Based Lending Group has provided $39 million in financing to support the acquisition of Albert Tire Company by Bennett Capital Partners, LLC, and a private investment firm. The credit facilities consist of a $35... Read Story
September 18, 2012, 07:06 AM


Cassiopae, a global leader in software for asset finance and asset portfolio management, today announced the launch of its new website. The site offers more extensive content about the company and its products and takes advantage of advances in web... Read Story
September 13, 2012, 10:00 AM


The Great Recession caused a shift in the way middle market companies think about funding. In CIT’s “U.S. Capital Markets Outlook,” Neil Wessan, Managing Director and Group Head of CIT Capital Markets, explains why finding the cheapest cost of funds... Read Story
September 13, 2012, 07:15 AM


Fleet Advantage Chief Executive Officer John Flynn reports that the privately held company in Fort Lauderdale has reached a new milestone and exceeded $100 million in revenue and lease origination for the six-month period ending June 30, 2012. This... Read Story
September 12, 2012, 06:14 AM


Ecologic Leasing Services announced that the company has released a new version of LeaseAccelerator that is designed to enable equipment lessees, the users of leased equipment, to transition in the most efficient and effective manner to the expected... Read Story
September 12, 2012, 06:00 AM


Bloomberg reported the U.S. Treasury is offering to sell $18 billion of American International Group Inc. (AIG) shares in a transaction that is likely to cut taxpayers’ stake in the firm to below 50% for the first time since its 2008 bailout.... Read Story
September 10, 2012, 07:40 AM


NationaLease, one of the largest full service truck leasing organizations in North America, announced the launch of its new website, with updated content that encourages visitors to learn more about NationaLease services, news, and events.“We... Read Story
September 10, 2012, 07:30 AM


Ritchie Bros. Auctioneers sold close to $54 million of heavy equipment items during a two-day unreserved public auction at the Company’s site in Edmonton, Alberta on Wednesday & Thursday, September 5 & 6, 2012. Almost 5,000 registered bidders... Read Story
September 10, 2012, 07:28 AM


An improving economy has seen an upsurge in new equipment purchases, but understanding the options for cost-effectively making those purchases can be critical to a business's future growth and success, says a report issued by BMO Harris Bank.... Read Story
September 07, 2012, 06:32 AM


Equipment Finance Advisor today announced the addition of two senior leaders to its team, Denise Finegan as Director of Sales and Marketing, and Stuart P. Papavassiliou as Executive Editor. The company also announced its expansion into publishing... Read Story
September 05, 2012, 07:40 AM


CIT Group announced that it provided a senior secured credit facility to Odyssey Investment Partners, a leading middle-market private equity firm, to support its acquisition of L-com, Inc., a global designer and manufacturer of wired and wireless... Read Story
September 05, 2012, 06:32 AM


Five Point Capital introduced the Lowest Payment Guarantee to assure prospects and customers that they are getting the best deal when they apply for an equipment lease. In a competitive space, Five Point wanted to differentiate its level of service... Read Story
August 31, 2012, 06:43 AM


Peregrine Pharmaceuticals secured a $30 million term loan from Oxford Finance, MidCap Financial and Silicon Valley Bank. Under the loan facility, the company received initial funding of $15 million and has an option to receive an additional $15... Read Story
August 31, 2012, 06:42 AM


The Bank of Birmingham announced the expansion of its business services to include equipment lease financing. Equipment lease and finance transactions enable companies to acquire the equipment they need to grow their businesses and according to the... Read Story
August 29, 2012, 07:36 AM


Genpact, a global leader in business process management and technology services, announced an agreement for supporting the financial and portfolio management processes of Abu Dhabi-based Mubadala GE Capital PJSC, a specialized commercial finance... Read Story
August 28, 2012, 06:31 AM


The Federal Reserve Bank of New York announced the sale of the remaining securities in the Maiden Lane III LLC (ML III) portfolio marking the end of AIG-related assistance.   The New York Fed’s management of the ML III portfolio will result in a net... Read Story
August 27, 2012, 07:25 AM


Orion First Financial confirmed that it has contracted with PacTrust Bank to begin servicing equipment lease and loan contracts. Servicing of the PacTrust accounts became effective August 1, 2012.PacTrust Bank’s (formerly Pacific Trust Bank)... Read Story
August 27, 2012, 07:05 AM


CIT Group announced that it will redeem the remaining $681 million of its 7% Series C Senior Unsecured Notes (“7% Notes”) maturing in 2016. The Company has eliminated or refinanced nearly $31 billion of high cost debt since restructuring less than... Read Story
August 21, 2012, 07:32 AM


A Bloomberg article reports that less than three years after CIT emerged from bankruptcy, its CEO John Thain is persuading investors that its debt is as creditworthy as an investment-grade firm. The company has reduced its long-term debt by $10.5... Read Story
August 20, 2012, 07:44 AM


TCF Inventory Finance, Inc. (“TCFIF”), a subsidiary of TCF National Bank and an indirect subsidiary of TCF Financial Corporation (“TCF”) announced the roll-out of "The Customer First Alliance" to TCFIF’s dealers, distributors and manufacturers in the... Read Story
August 20, 2012, 06:44 AM


Bloomberg reported that according to Barlclays Plc., GE Capital is poised to become a better risk than JPMorgan Chase in the $24.8 trillion credit-default swap market for the first time in more than four years. The Bloomberg report quotes Brian... Read Story
August 15, 2012, 07:42 AM


GFC Leasing, a division of the Gordon Flesch Company, has gone live with LeaseWave® lease management software by Odessa Technologies, Inc. ("Odessa"). For over 40 years, GFC Leasing has provided personalized service to a diverse customer base through... Read Story
August 14, 2012, 09:35 AM


Babson Capital Management LLC (Babson Capital), a global investment manager with $149 billion in assets under management and operations on four continents, today announced it has formed a new Chicago-based Middle Market Lending Group to provide... Read Story
July 31, 2012, 06:41 AM


TAB Bank announced it has provided a $3 million credit facility to Dollar Only Wholesale, LLC of Scottsdale, AZ. The new facility is based on accounts receivable and inventory and is extended through a multi-year agreement.Founded in 2004, Dollar... Read Story
July 30, 2012, 06:00 AM


CIT Group Inc. announced that it will redeem an additional $600 million of its 7% Series C Senior Unsecured Notes (7% Notes) maturing in 2016. Following this redemption, approximately $2.4 billion principal amount of the 7% Notes maturing in 2016 and... Read Story
July 23, 2012, 06:33 AM


Northern Leasing Systems, the leading provider of third-party micro-ticket equipment leasing services in the United States, today announced the New York Supreme Court has ruled in favor of the company, granting the company’s motion to decertify a... Read Story
July 20, 2012, 07:30 AM


LEAF Commercial Capital, Inc. (“LEAF”) was recently notified that it has been selected as the winner of the Equipment Leasing and Finance Association’s (“ELFA”) prestigious 2012 Operations & Technology Excellence Award. The award is presented... Read Story
July 19, 2012, 06:05 AM


Quiktrak, a leader in asset verification and field inspection services, has announced the release of Revoquest v 1.0 on the Android™ mobile platform for use with compatible smartphones and tablets.Revoquest is a proprietary risk management software... Read Story
July 18, 2012, 06:35 AM


Kaizen Auto Group (“Kaizen”) has selected LeaseWave lease and fleet management software by Odessa Technologies, Inc (“Odessa”).  Kaizen is a family owned company with over $375 million in annual revenues, $275 million in assets and over 450 employees... Read Story
July 17, 2012, 06:29 AM


TIP Capital, a leading provider of equipment finance and asset management solutions, has developed a new Specialty Markets Group designed to assist vendors, manufacturers and resellers in establishing competitive financing programs to complement... Read Story
July 16, 2012, 07:31 AM


The Leasing Foundation has been established to support the development of the leasing and asset finance industry. The Foundation, an initiative of CHP Consulting's Chief Operating Officer Andrew Denton, and IAA Advisory's Chairman Derek Soper, will... Read Story
July 12, 2012, 07:00 AM


LeaseTeam Inc., the premier solution provider in the equipment and finance marketplace, is pleased to announce that their annual User Conference, held in downtown Omaha June 11 – 13 was a big hit!A large part of the conference was focused on... Read Story
July 12, 2012, 06:43 AM


CIT Group Inc. announced the launch of “CIT: Behind the Deal”, a series of client case study testimonial videos. The inaugural “CIT: Behind the Deal” video features Ernest Health, one of the nation’s leading operators of inpatient rehabilitation and... Read Story
July 12, 2012, 06:30 AM


Direct Capital is the No. 2 Family-Owned Business in New Hampshire, according to Business NH Magazine. The nationwide provider of business financial services was honored in the business publication’s June 2012 issue. The list includes 75 family-owned... Read Story
July 11, 2012, 10:00 AM


Five Point Capital has introduced a new program to generate business referrals from vendors it has served in the past. Named the Vendor Advantage Program, vendors who sign up are provided access to sales and support tools from Five Point Capital to... Read Story
July 06, 2012, 06:28 AM


Marlin Business Services Corp. recently held its annual Customer Advisory Council meeting at its office in Mount Laurel, New Jersey. The meeting was attended by industry leaders in the office technology sector.The purpose of Marlin's annual Customer... Read Story
July 05, 2012, 07:15 AM


Signature Bank announced that President and Chief Executive Officer Joseph J. DePaolo was named executive of the year in the accounting, banking and financial services category of the 10th Annual American Business Awards. This resulted in DePaolo... Read Story
July 05, 2012, 06:00 AM


Eastern Funding LLC, one of the country's leading business finance companies in the coin laundry, convenience store, and dry cleaning industries, has launched a new Specialty Vehicle and Equipment funding division. As a subsidiary of Brookline... Read Story
July 02, 2012, 06:30 AM


Despite continued economic uncertainty, more than four out of five (82%) middle market executives have made at least one capital goods acquisition of significant value in the past year, and more than three-quarters (78%) say they plan to make one... Read Story
June 27, 2012, 08:20 AM


Birch Communications, Inc. a leading IP-based telecom and managed services provider to small- and medium-sized businesses announced today that it has secured a multi-million dollar equipment financing facility with CIT Vendor Finance. "The progress... Read Story
June 26, 2012, 03:10 PM


CIT Group Inc. announced that it has arranged a $117.5 million senior secured credit facility to TrustHouse Services Group, Inc. to finance its acquisition of Valley Services, Inc., a national food service management company and one of the largest... Read Story
June 26, 2012, 02:00 PM


Direct Capital is now the fourth largest private independent finance provider in the United States, according to the Monitor. In compiling its annual Top Private Independents list, Monitor ranks companies solely on new business volume in the previous... Read Story
June 26, 2012, 11:00 AM


Lease POS NOW has partnered with Revel Systems, an iPad POS company in San Francisco. Lease POS NOW has been named the exclusive leasing company for Revel Systems iPad POS. This partnership enables customers to lease their iPad POS hardware from... Read Story
June 25, 2012, 06:30 AM


Clean Diesel Technologies, Inc. ("Clean Diesel"), a cleantech emissions control company, has partnered with American Infrastructure Leasing ("AIL"), a leading provider of leases for aftermarket trucking equipment in North America, to offer leasing... Read Story
June 21, 2012, 07:15 AM


Tata Motors Finance Ltd. a subsidiary company of Tata Motors Ltd. (“Tata Motors”), a Tata Group company, has gone live with LeaseWave lease management software by Odessa Technologies, Inc. (“Odessa”). With more than 2 million customers financed, TMFL... Read Story
June 19, 2012, 07:00 AM


The Wall Street Journal/MarketWatch reported GE Capital, intends to grow its German leasing business substantially and has a four-year plan to at least double total assets in that segment, citing Joachim Secker, the chief executive of GE Capital... Read Story
June 18, 2012, 07:50 AM


Ecologic Leasing Services announced today that Nella Schwarz has joined the Company as Director, Business Development, Vendor Programs, Latin America. "Ecologic Leasing Services hired Nella Schwarz to manage vendor captive programs for our US and... Read Story
June 18, 2012, 07:25 AM


Ritchie Bros. Auctioneers sold millions of dollars of heavy equipment and trucks at its unreserved public auctions last week including a CA$50 million (close to US$49 million) auction in Edmonton, AB and a US$41 million auction in Houston, TX, as... Read Story
June 18, 2012, 07:00 AM


Results of the second quarter Phoenix Management “Lending Climate in America” Survey finds that lenders’ short term expectations for lending and the economy are down from previous quarters. Lenders demonstrated a bit more optimism about the economy... Read Story
June 15, 2012, 07:45 AM


CIT Bank, a wholly owned subsidiary of CIT Group Inc. announced that it has closed a $1 billion committed U.S. Vendor Finance conduit facility (Facility) with Barclays Bank PLC as Administrative Agent and three additional banks as committed lenders.... Read Story
June 14, 2012, 07:15 AM


The Wall Street Journal reported General Electric is considering breaking off large parts of its lending business in response to investor concerns that the conglomerate has become one of the largest banks in the U.S.Despite the recent strides made by... Read Story
June 11, 2012, 08:00 AM


Global Financial & Remarketing Services, LLC, an equipment leasing and alternative financial solutions firm, has opened a new office in Chicago, IL. The new location provides an expanded presence within the Midwest, centrally located within a major... Read Story
June 11, 2012, 06:30 AM


Some 300 American employees of global asset finance company De Lage Landen (DLL) arrived in New York City's North Cove Marina today to greet the company's Clipper Race crew as it departs for the United Kingdom in its last leg of a global sailing race... Read Story
June 08, 2012, 07:00 AM


Marks & Weinberg, P. C. is proud to announce that Patricia Toro Reid, formerly Managing Director - Leasing and Equipment Finance of RBC Bank (USA) has joined the firm as an associate. Prior to graduating law school, Ms. Reid worked for 30 years in... Read Story
June 06, 2012, 04:00 PM


Financial Pacific Leasing is pleased to announce their entrance into the Canadian marketplace.  FinPac is now accepting applications for leases in the following Canadian provinces: Ontario British Columbia Alberta Manitoba Saskatchewan Nova... Read Story
June 05, 2012, 04:00 PM


Trevally Financial Software Solutions (Pty) Ltd ("Trevally") and Odessa Technologies, Inc. ("Odessa") have announced a strategic partnership establishing Trevally as a marketing, implementation and support partner of Odessa’s end-to-end lease, loan... Read Story
June 04, 2012, 07:00 AM


Reuters reported GE Capital expects Europe's financial troubles to take a toll on its profitability but regards the risk as "manageable," the unit's head, Michael Neal, told an investor conference on Thursday.The report quotes Neal saying, "If trends... Read Story
June 01, 2012, 06:30 AM


Star Tribune reported that GE Capital has agreed to repay $19 million in interest and principal it received from the $3.65 billion Ponzi scheme orchestrated by Tom Petters, the former Wayzata businessman.According to the report, the settlement is the... Read Story
May 31, 2012, 08:00 AM


Reuters reported General Electric plans to continue shrinking its finance arm, pulling back from consumer finance and reducing its real estate holdings. According to the report, the company also expects GE Capital’s profit growth to be at a... Read Story
May 24, 2012, 08:00 AM


J.D. Jenks, President & CEO stated, “We are delighted to partner with Plenary Technology in this unique Rental Program that will provide equipment finance solutions for growing businesses.”David Mitchell, President of Plenary Technology commented, “I... Read Story
May 21, 2012, 07:30 AM


Ritchie Bros. Auctioneers announced that it has successfully completed the acquisition of AssetNation, a leading online marketplace and solutions provider for surplus and salvage assets. Ritchie Bros. intends to continue to grow AssetNation’s core... Read Story
May 18, 2012, 07:00 AM


Experian announced that it has joined forces with Moody's Analytics to create a business index and detailed report that provides insight into the health of U.S. businesses. The new Experian/Moody's Analytics Small Business Credit Index will be... Read Story
May 17, 2012, 08:00 AM


Element Financial Corporation ("Element"), one of Canada's leading independent equipment finance companies, announced that it has entered into a definitive agreement to acquire 100% of TLSI Holdings Inc., the holding company of TLS Fleet Management (... Read Story
May 16, 2012, 08:00 AM


Kyocera Solar, Inc. announced the launch of its latest solution: Kyocera Solar Finance, a program designed to provide loan and lease options to consumers seeking light commercial and mid-to-large commercial installations.  In partnership with De Lage... Read Story
May 08, 2012, 08:00 AM


NCR Corporation, the global technology company, announced it has signed a global agreement with CSI Leasing, the equipment finance provider, to provide NCR Interact Solution Providers with a range of strategic customer financing options and... Read Story
May 07, 2012, 07:30 AM


Results of the first quarter Phoenix Management “Lending Climate in America” Survey signal that lenders’ expect private equity regulation will occur despite the outcome of the presidential race.More than half (57%) of lenders responded that... Read Story
May 03, 2012, 06:30 AM


ZRG Partners, the global leader in executive search and talent management for the equipment leasing and asset finance area has announced a major expansion of the team in Europe. Joining the ZRG team in Europe, Adam El Din, based on the Geneva... Read Story
May 01, 2012, 01:30 PM


First American Equipment Finance was named winner of the Best Companies to Work For in New York State competition at an awards ceremony on April 26, 2012. First American was chosen as the winner among 26 finalists in the small/medium-sized employer... Read Story
April 30, 2012, 06:30 AM


Equipment Finance Advisor is pleased to announce the launch of the official mobile app of Equipment Finance Advisor, EquipmentFA.com Mobile – the first true and full-featured mobile application for the equipment finance industry. Designed to provide... Read Story
April 26, 2012, 08:00 AM


Reuters reported that American International Group (AIG) has sued Steven Udvar-Hazy, the co-founder and former chief executive of International Lease Finance Corp (ILFC), its aircraft-leasing unit, accusing him and other former employees of stealing... Read Story
April 25, 2012, 07:30 AM


TAB Bank announced the additions of Bill Griffith as Commercial Equipment Leasing Manager and Mike Richardson as Director of Third Party Originations.  Bill will be based in Chicago and Mike will work out of TAB’s national headquarters in Ogden... Read Story
April 24, 2012, 06:30 AM


Lender Recruiting today announced that Doug Tanner has joined the firm as a Senior Recruiter.  Doug will be responsible for new business development and cultivating and maintaining client relationships with equipment lenders and banks.  He will be... Read Story
April 23, 2012, 10:00 AM


The Fifth Latin American Legal Forum on Leasing will be held May 17-18 in Miami at the Hotel Intercontinental Doral. Organized annually by The Alta Group Latin American Region (Alta LAR), the conference attracts asset finance executives and lawyers... Read Story
April 20, 2012, 02:00 PM


On Deck, the technology platform that connects Main Street directly to capital, announced today at the Electronic Transactions Association (ETA) Annual Meeting and Expo in Las Vegas the launch of Split Funding, a new payment method that allows... Read Story
April 20, 2012, 06:00 AM


AIG Commercial Asset Finance (“AIGCAF”) has provided a $105 million loan for properties managed by U-Haul.   Proceeds from the loan were used to refinance existing notes.U-Haul is North America’s largest “do-it-yourself” moving and storage operator... Read Story
April 19, 2012, 07:30 AM


Bloomberg Businessweek reported that the Federal Reserve Bank of New York is seeking bids for $7.49 billion of collateralized debt obligations linked to commercial mortgages it took on in the 2008 bailout of American International Group Inc. (AIG).... Read Story
April 19, 2012, 07:00 AM


Global asset finance software leader, Cassiopae, has announced that its V4 software now supports Islamic Finance, a key requirement for finance companies doing business in Islamic countries. Cassiopae MEA Managing Director, Jemil Ben Romdhane, will... Read Story
April 18, 2012, 02:30 PM


Odessa Technologies, Inc. and Ivory Consulting Corporation, have announced a strategic alliance to comprehensively integrate Ivory’s SuperTRUMP pricing solution with the LeaseWave lease and loan management system. “Odessa has established itself as a... Read Story
April 17, 2012, 08:00 AM


Construction Equipment Guide reported that more than 1,750 bidders participated online and in person at a recent Ritchie Bros. unreserved public equipment auction held in Atlanta on March 29, 2012. According to the report, the auction attracted... Read Story
April 17, 2012, 07:30 AM


AIG Commercial Asset Finance (AIGCAF) announced it has funded $55 million of a $100 million lease line for 2012 for a major investment grade provider of oil-field services in the United States. This financing confirms AIGCAF’s ability to provide... Read Story
April 17, 2012, 06:00 AM


Key Equipment Finance, one of the nation's largest bank-held equipment finance companies and an affiliate of KeyCorp announced that the company has launched a streamlined new website that makes it easier for online visitors to find information about... Read Story
April 16, 2012, 06:00 AM


Five Point Capital, Inc. (the "Company" or "FPC") one of the nation's leading providers of equipment leases and working capital to small and medium sized businesses across the U.S., announced today the completion of its recent sale and transition of... Read Story
April 13, 2012, 06:30 AM


LEAF Commercial Capital, Inc. (“LEAF”), a leader in the equipment leasing and finance industry, announced that it has become a Gold Technology Partner of Digital Gateway, the fastest growing dealer management software platform in the office equipment... Read Story
April 11, 2012, 08:00 AM


De Lage Landen, a global provider of high-quality asset-based financing products to manufacturers and distributors of capital goods and end users, announces an agreement with Hyundai Heavy Industries Europe, a widely recognized leader in the European... Read Story
April 11, 2012, 07:00 AM


Lancaster Online reported that a leader of the Equipment Finance Inc. loan fraud will testify against two of his former employees, whose trial starts Tuesday in Philadelphia. According to the report, Joseph M. Braas, EFI's senior vice president and... Read Story
April 10, 2012, 07:45 AM


Nashville Business Journal reported that CapStar is opening equipment lending offices in three states as it builds a broader commercial loan presence.According to the report, CapStar recently signed to establish a commercial loan office in St. Louis... Read Story
April 09, 2012, 07:30 AM


CapitalSource announced that John K. Delaney has resigned as Executive Chairman following his primary election victory yesterday in the U.S. House of Representatives race in the 6th Congressional District of Maryland. Mr. Delaney previously had taken... Read Story
April 06, 2012, 07:30 AM


InPlace Auction and a strategic partner, IpAuctions, are accepting bids from noon April 9 through noon, April 10, EDT,  for the online sale of the intellectual property of Intelepix’s geospatial technology. For terms and conditions visit... Read Story
April 06, 2012, 07:15 AM


Reuters reported that according to a report issued by CNBC, AIG is considering launching the initial public offering of its airplane leasing business – International Lease Finance Corp. in the second quarter of 2012, citing people familiar with the... Read Story
April 05, 2012, 07:30 AM


Signature Bank, a New York-based full-service commercial bank, announced today that it has formed a new subsidiary, Signature Financial, LLC, marking the Bank’s entry into the specialty financing arena. Concurrently, the Bank appointed a major middle... Read Story
April 04, 2012, 07:30 AM


LEAF Commercial Capital, Inc. (“LEAF”) recently announced the continued expansion of its field sales force with the addition of three seasoned leasing industry veterans. In their new roles as Regional Sales Managers, Ed O’Toole, Aimee Ridgway and... Read Story
April 03, 2012, 06:00 AM


Rapid Financial Services, LLC (dba RapidAdvance), one of the nation's leading providers of short term financing to small businesses, today announced that it has closed a new financing facility, supporting its ability to serve the increased demand for... Read Story
April 02, 2012, 02:00 PM


Cassiopae, a market-leading global asset finance software provider, today announced that BRD Sogelease has implemented Cassiopae Front Office Leasing software in Romania. BRD Sogelease has been using Cassiopae for its back office operations since... Read Story
April 02, 2012, 01:30 PM


EquipmentEngine Financial Services Company, LLC  unveiled another set of innovations today at the Equipment Leasing & Finance Association’s (ELFA) annual Equipment Management conference. These new innovations come as the second part of a bold... Read Story
April 02, 2012, 07:30 AM


CIT Group Inc. announced that it will redeem $500 million of its 7% Series C Senior Unsecured Notes maturing in 2017. Following this redemption, approximately $3.6 billion principal amount of the Notes maturing in 2017 and approximately $3.1 billion... Read Story
April 02, 2012, 06:00 AM


Equipment Finance Advisor is pleased to announce the launch of the Advisor Professional Network (APN), the first online networking engine designed specifically for connecting commercial finance professionals, finance decision makers, service... Read Story
March 28, 2012, 11:00 AM


The Women In Leasing LinkedIn Group held an Inaugural Luncheon on Thursday, March 22nd in conjunction with the National Equipment Finance Association’s Spring Summit in San Diego, CA.“It was nice to have a small group get together relax, chat, and... Read Story
March 28, 2012, 10:00 AM


LEAF Commercial Capital, Inc. (“LEAF”) a leading Philadelphia-based equipment leasing and finance company, has announced its new partnership with Operation Hope, the global leader for financial dignity. The organization creates opportunities in... Read Story
March 28, 2012, 09:30 AM


Pacific Western Bank announced that Pacific Western Equipment Finance is the new name of the former Marquette Equipment Finance, effective as of the close of business on Friday, March 23, 2012. Following Pacific Western Bank's acquisition of... Read Story
March 27, 2012, 07:30 AM


Bloomberg Businessweek reported that International Lease Finance Corp., the aircraft lessor owned by American International Group Inc., is seeking a four-year $550 million senior secured term loan. According to the report, the proceeds from the debt... Read Story
March 27, 2012, 07:15 AM


On Deck, the technology platform that connects Main Street directly to capital, today announced another key growth milestone.  The company has reached 1,000 distribution partners who work directly with small  businesses to connect them to much needed... Read Story
March 26, 2012, 01:45 PM


Certification Validates LeaseTeam’s dedication to providing the highest levels of security and environmental controls to its customers. LeaseTeam, Inc., the premier solution provider in the equipment and finance marketplace, is pleased to announce... Read Story
March 26, 2012, 11:40 AM


Reuters reported that CIT Group won preliminary court approval on Friday of a $75 million settlement to resolve allegations the commercial lender fraudulently misled shareholders about its exposures to risky mortgages and student loans. Shareholders... Read Story
March 26, 2012, 07:00 AM


IronPlanet , a leading online marketplace for used heavy equipment, announced record annual sales in 2011, with gross merchandise volume (GMV) exceeding $568 million, an increase of 15% over 2010. “I am pleased with our 2011 results, closing another... Read Story
March 23, 2012, 08:15 AM


Great American Group, a leading provider of asset disposition, valuation and appraisal services,  launched GA Trax – a new system that helps companies manage their equipment, machinery and other assets located at multiple sites. The software system... Read Story
March 23, 2012, 08:00 AM


TAB Bank, announced the commitment of $12 million to fund equipment leases originated by Blue Bridge Financial.  The facility is subject to certain negotiated terms and conditions and is a one year, renewable term. Headquartered in Buffalo, New York... Read Story
March 22, 2012, 07:00 AM


Executive Solutions (ESLF), a leading executive search firm addressing talent requirements at all levels and functional roles within the equipment leasing industry since 1990, is proud to announce the development of a suite of products to complement... Read Story
March 19, 2012, 02:30 PM


Canadian commercial lending edged up for the fifth straight time in the final quarter of last year and reached its highest since 2009, suggesting a pickup in investment that should help keep the economy growing.PayNet, which tracks commercial... Read Story
March 15, 2012, 07:00 AM


Ritchie Bros. Auctioneers sold more than $48 million of equipment items and trucks at a two-day unreserved public auction held in Fort Worth, Texas.  Equipment highlights in the auction included three late-model, low-hour Komatsu HD785-7 100-ton rock... Read Story
March 13, 2012, 07:30 AM


In his annual letter to shareowners, Jeff Immelt, Chief Executive Office of GE said, “GE Capital has strengthened its balance sheet immensely,” adding, “Our Capital team has executed on every commitment it made during the financial crisis. We have... Read Story
March 12, 2012, 07:30 AM


Bloomberg reported that Bruce Donner, the owner of Donner Medical Marketing Inc., a medical equipment company, was sentenced to 18 months in prison for his role in a medical equipment-leasing Ponzi scheme that cost investors $80 million.Mr. Donner... Read Story
March 09, 2012, 08:00 AM


Nations Equipment Finance ("Nations") announced today that it has opened offices in Chicago, Cleveland and Tampa. These new offices are in addition to existing offices in New York, Dallas and their headquarters in Norwalk, CT. "We are experiencing... Read Story
March 08, 2012, 08:15 AM


Hugh Swandel, senior managing director of The Alta Group in Canada, announced the establishment of a $50 million facility for CLE Leasing, an independent provider of equipment leasing and financing to businesses across Canada.TAO Asset Management... Read Story
March 08, 2012, 08:00 AM


CIT Group Inc. announced that it has purchased a $200 million aircraft loan portfolio consisting of seven aviation loan facilities to several U.S. airlines. The loans are secured by in-production Boeing and Airbus aircraft. The loan portfolio was... Read Story
March 08, 2012, 06:30 AM


In advance of a meeting held yesterday, GE Vice Chairman John Rice confirmed GE’s 2012 outlook and expectations for continued double-digit revenue growth in its global growth regions in 2012 and 2013.Mr. Rice confirmed GE’s 2012 total company... Read Story
March 08, 2012, 06:00 AM


Balboa Capital Corporation announced the launch of their new customizable online equipment lease calculator. Designed with their customers' total convenience in mind, Balboa Capital's innovative lease calculator provides users with estimated monthly... Read Story
March 07, 2012, 07:00 AM


Ivory Consulting Corporation, the leading equipment finance pricing software and consulting firm, announced that Fifth Third Equipment Finance Company, a unit of Fifth Third Bancorp, has selected Ivory’s SuperTRUMP and Portfolio Analytics software. ... Read Story
March 06, 2012, 11:00 AM


Cassiopae, a market-leading global asset finance software provider, today announced that Terex Financial Services™, a division of global equipment manufacturer, Terex Corporation, is now live with Cassiopae’s leasing software in China. Cassiopae’s V4... Read Story
March 06, 2012, 10:00 AM


With the equipment financing industry forecasted to grow 9% through 2012, now may be the time for companies to consider replacing outdated equipment. This topic is one of many discussed in CIT’s "2012 U.S. Equipment Financing Outlook,"... Read Story
February 28, 2012, 08:00 AM


On Deck, the technology platform that connects Main Street directly to capital, announced the launch of On Deck Express, the fastest way for small businesses to access up to $25,000 in as fast as 24 hours online.  On Deck Express is also On Deck’s... Read Story
February 24, 2012, 03:00 PM


EPC, a wholly-owned remarketing and recycling subsidiary of St. Louis-based CSI Leasing, Inc., has recently achieved e-Stewards Certification at all six of their facilities in the U.S. EPC is the first Missouri electronics recycler with multiple... Read Story
February 24, 2012, 07:00 AM


Castle Pines Capital now to be marketed as Channel Finance division of Wells Fargo Capital Finance.Wells Fargo Capital Finance, part of Wells Fargo & Company today launched its Channel Finance Division, which will provide innovative, worldwide... Read Story
February 22, 2012, 08:00 AM


NewStar Financial Inc. announced that it has closed a $150 million secured credit facility through a financing subsidiary known as NewStar Commercial Funding 2012-1 LLC with an affiliate of Natixis Financial Products LLC. The proceeds will be used to... Read Story
February 22, 2012, 06:30 AM


TBF Financial, LLC, a buyer of charged-off equipment leases and loans, announced today that its new website includes an online method for industry executives to learn the sale price for their uncollected leases and loans. The brief online... Read Story
February 21, 2012, 06:30 AM


TCF Equipment Finance, Inc., an indirect subsidiary of TCF Financial Corporation (“TCF”), has selected Odessa Technologies, Inc. ("Odessa") to develop a custom solution to automate end-of-lease administration and remarketing processes. “We are... Read Story
February 20, 2012, 07:45 AM


TCF Equipment Finance, Inc. (“TCFEF”), an indirect subsidiary of TCF Financial Corporation (“TCF”) has selected Odessa Technologies, Inc. ("Odessa"), to develop a custom solution to automate end-of-lease administration and remarketing processes.  “We... Read Story
February 17, 2012, 01:00 PM


According to Moody’s, the upgrade recognizes CIT's achievements in strengthening its liquidity profile by diversifying funding sources, extending debt maturities, and reducing the level of encumbered assets.To follow are highlights of the upgrade... Read Story
February 17, 2012, 06:00 AM


CSI Leasing, Inc. (CSI), was recently named an endorsed vendor by three state hospital associations. The three organizations are MHA Solutions, Inc., a division of the Mississippi Hospital Association, the Texas Hospital Association and the Oklahoma... Read Story
February 15, 2012, 07:15 AM


Huntington Bank has announced that it is expanding its successful regional healthcare presence – called Huntington for Healthcare – to offer greater access to the bank’s commercial, treasury management, wealth management, business banking, insurance... Read Story
February 15, 2012, 07:00 AM


Merrimak Capital Company President and CEO Mary Kariotis reported that the company’s new business volume has increased more than 50% since last year.  The dramatic spike in business is primarily a result of the lessor’s heightened focus on Fortune... Read Story
February 15, 2012, 06:30 AM


LEAF Commercial Capital, Inc. announces the launch of its enhanced Cost Per Usage billing product, LEAF CPU.In addition to standard CPU billing functions, in this latest version, LEAF has released enhancements which provide equipment vendors with the... Read Story
February 14, 2012, 07:00 AM


Equilease Financial Services, Inc. announced that it has been retained by SL Financial Services Corporation of Westport, Connecticut to provide account servicing and reporting for SL Financial's $260 million portfolio of middle-ticket equipment... Read Story
February 13, 2012, 02:40 PM


Nilfisk-Advance, one of the world’s leading manufacturers of professional floor cleaning equipment, today announces that it has formed a strategic alliance with Marlin Business Services Corp., an industry leader in providing equipment and software... Read Story
February 13, 2012, 07:30 AM


CIT Group Inc. announced that it will redeem all of its nearly $4 billion of remaining 7% Series A Second-Priority Secured Notes including approximately $1 billion principal amount of the Notes maturing in 2016 and approximately $2.9 billion... Read Story
February 08, 2012, 07:00 AM


International Decision Systems announced the launch of IDS Analytics, a new service geared toward helping asset finance organizations make better, faster, and more consistent financing decisions. IDS is leading the way in driving the asset finance... Read Story
February 08, 2012, 06:00 AM


CHP Consulting, supplier of ALFA Systems, the leading software platform for top asset finance companies worldwide, has announced the opening of a new Paris office.CHP has been expanding its operations in France and in 2011 became an associate member... Read Story
February 07, 2012, 11:55 AM


According to FleetNews, Royal Bank of Scotland (RBS) closed its car and van leasing business Lombard Vehicle Management.  The operation will be operated by ALD Automotive in a five-year deal.The report states the business will still operate as... Read Story
February 07, 2012, 06:30 AM


The Globe and Mail reported that Element Financial Corp., the equipment leasing company headed by Chairman and Chief Executive Officer Steve Hudson, is set to announce it is creating a new business unit focused on large financing and leasing deals in... Read Story
January 30, 2012, 07:30 AM


American Banker reported that Walter J. Owens, the head of TD Bank's corporate and specialty lending, has left the company, according to two sources.  According to the report, Owens was dismissed last week but no official reason was given, said an... Read Story
January 27, 2012, 07:00 AM


The Alta Group Latin American Region, LLC (Alta LAR) has appointed three new consultants to enlarge capabilities where business growth is occurring for equipment leasing and finance operations in Latin America.The new consultants are Ulises Quezada... Read Story
January 26, 2012, 06:00 AM


TCF Inventory Finance, Inc. (“TCFIF”), announced plans to further expand its floorplan finance offerings into the recreation vehicle (“RV”) industry within the U.S. and Canada. Established in 2008, TCFIF has gained significant market share in the... Read Story
January 20, 2012, 06:15 AM


GE released the results of its second annual “Global Innovation Barometer” that confirm business executives’ belief in innovation as the main driver of prosperity, competitiveness and job creation, and also reveal how challenging and uncertain... Read Story
January 18, 2012, 07:30 AM


Reuters reported a federal judge refused to throw out a lawsuit accusing GE and its chief executive of misleading investors about the conglomerate's financial health and exposure to risky debt during the 2008 financial crisis.According to the article... Read Story
January 16, 2012, 06:30 AM


FleetNews reported that Leaseurope, the representative body of the European leasing and automotive rental industry, together with Invigors EMEA, the specialist international equipment leasing and asset finance consultancy, have published results of... Read Story
January 16, 2012, 06:00 AM


Sorubin, a supplier of energy efficient aeration products for water treatment, can now offer its customers in most European countries financing through a partnership with Siemens Financial Services. Sorubin and Siemens Financial Services can now... Read Story
January 10, 2012, 07:00 AM


The Pittsburgh Post-Gazette reported Robert B. Lynn, the former president of Latrobe-based bottler Le-Nature’s Inc. was sentenced today to 15 years in prison for his role in the company’s massive financial fraud. Lynn went to trial in July and was... Read Story
January 04, 2012, 07:30 AM


The staff of Equipment Finance Advisor wishes to thank our readers, advertisers, partners, and associates for making our inaugural year such a tremendous success. In early 2012, we will be launching many unique new products to serve the commercial... Read Story
December 30, 2011, 08:00 AM


TheStreet reported GE is likely to follow its announced purchase of Metlife’s retail deposit business with similar acquisitions in 2012. As reported, the Metlife deal will increase GE Capital's deposits by $7.5 billion, but this figure is only half... Read Story
December 28, 2011, 07:30 AM


GE announced its indirect subsidiary, GE Funding Capital Market Services, Inc. (“GEFCMS”), has reached a settlement with the U.S. Securities and Exchange Commission (SEC), the U.S. Internal Revenue Service (IRS), the Antitrust Division of the US... Read Story
December 27, 2011, 07:30 AM


USA Today reported borrowing by U.S. corporations is in full swing. According to the report, JPMorgan Chase and Bank of America Merrill Lynch were big players in syndicated loans to U.S. corporations this year. USA Today reported... Read Story
December 27, 2011, 06:30 AM


The staff of Equipment Finance Advisor wishes all our readers, advertisers, partners, and associates a very happy holiday season with our best wishes for a happy, healthy, prosperous and laughter-filled New Year! During this holiday season and every... Read Story
December 23, 2011, 08:00 AM


Imprisoned former fundraiser  for Rod Blagojevich, Antoin (Tony) Rezko was sentenced Thursday after pleading guilty to a wire fraud scheme unrelated to the former Illinois governor, but will not face additional time behind bars. Rezko was sentenced... Read Story
December 23, 2011, 06:30 AM


Ritchie Bros. Auctioneers sold approximately $3.7 billion of equipment at 339 unreserved auctions around the world in 2011. This represents a 12% increase in gross auction proceeds over 2010 and the highest gross auction proceeds in Company... Read Story
December 22, 2011, 06:30 AM


The rating outlook for U.S. financing and lease companies is stable for 2012 as the industry's improved operating profiles position them against economic uncertainties, according to Fitch Ratings. The outlook includes issuers in both the consumer and... Read Story
December 20, 2011, 07:30 AM


Bloomberg Businessweek reported ILFC offered a higher yield than similarly rated companies on its first bonds since May as it seeks to pay back debt and finance aircraft purchases.According to the report, ILFC which is rated B1 by Moody’s Investors... Read Story
December 20, 2011, 06:30 AM


GE Capital, Healthcare Financial Services said it was the sole lender on a $10 million senior secured multi-draw term loan to InfraReDx, Inc., a medical device company committed to advancing the diagnosis and management of coronary artery and other... Read Story
December 20, 2011, 06:00 AM


Bloomberg reported Royal Bank of Scotland Group received the highest bid for its aircraft-leasing division from China Development Bank Corp., according to a person with knowledge of the process. According to the report, China Development Bank is... Read Story
December 19, 2011, 07:30 AM


United Rentals, Inc. (“United Rentals”) and RSC Holdings, Inc. (“RSC”) today announced that they have entered into a definitive merger agreement under which United Rentals will acquire RSC in a cash-and-stock transaction valued at $18.00 per share... Read Story
December 16, 2011, 07:30 AM


Financial Post reported Steve Hudson, the former founder of Newcourt Credit Group, is returning to the public capital markets.According to the report, Mr. Hudson plans to list Element Financial Corp., an equipment-leasing company, on the Toronto... Read Story
December 15, 2011, 07:00 AM


Stearns Bank N.A. Equipment Finance Division announces the automation of UCC filing management through the implementation of Tamarack Consulting’s UCC Integration.  Since Tamarack’s UCC Integration communicates with Corporation Service Company’s... Read Story
December 14, 2011, 02:00 PM


Bloomberg Businessweek reported General Electric is targeting more than 10% earnings growth at its industrial and finance businesses in 2012.According to the report, GE Capital is continuing to reduce risk by curbing lending and shrinking the portion... Read Story
December 14, 2011, 07:30 AM


HP announced two leasing promotions that can help businesses deploy the latest technology while conserving capital for strategic purposes. The "1-2-3" and "90 Day" deferral programs are offered to qualifying businesses in the United States and Canada... Read Story
December 13, 2011, 12:30 PM


CIT Group Inc. announced that it has provided a $46.5 million senior secured credit facility to American Internet Services (AIS), a leading provider of enterprise-class data center and connectivity services in the Western United States. “CIT has... Read Story
December 12, 2011, 07:00 AM


Bloomberg Businessweek reported Affymetrix Inc., a developer of DNA chip technology for the pharmaceutical industry, recently set the interest rate on a $170 million term loan required to finance the company’s acquisition of eBioscience Inc.... Read Story
December 09, 2011, 06:30 AM


Ritchie Bros. Auctioneers, the world's largest on-site and online auctioneer of heavy equipment and trucks, reached and exceeded $1 billion in online equipment sales for 2011 alone. Ritchie Bros. (www.rbauction.com) introduced its real-time online... Read Story
December 08, 2011, 07:30 AM


Reuters reported General Electric Co. expects profit at GE Capital to rise at a double-digit percentage rate next year.The report states that GE Capital cut $4 billion in costs from its operations since 2007, and is prepared for any downturn in the... Read Story
December 08, 2011, 06:30 AM


Bloomberg reported General Electric Co. investors are eager to find out when the finance unit will resume sharing some of its free cash with the parent company, one indicator of renewed health and safety, will have to wait until the Federal Reserve... Read Story
December 06, 2011, 06:30 AM


System ID and FirstLease have partnered to provide an all-in-one solution to purchasing or leasing inventory management products. They’re offering their unique services to help businesses benefit from a number of valuable tax deductions. System ID... Read Story
December 01, 2011, 06:30 AM


ZRG Partners, Inc. has announced the launching of the ZRG Partners GELAF Index, a broad and comprehensive monthly analysis of global online job demand in the equipment leasing and asset based financing sectors. Based on a real-time review of employer... Read Story
November 30, 2011, 06:00 AM


CIT Group announced that it has provided a senior secured credit facility to TrustHouse Services Group, Inc. to finance its acquisition of A'viands Food Services Management, a regional foodservice provider to the healthcare and education sectors.... Read Story
November 28, 2011, 06:00 AM


De Lage Landen, a global provider of asset-based financing programs, was shortlisted for the ‘Business to Employee Award 2011’ with their sponsorship of a yacht in the Clipper Round the World Yacht Race. De European Sponsorship Association (ESA)... Read Story
November 25, 2011, 08:00 AM


Bloomberg reported Allied Health Care Services founder Charles K. Schwartz was sentenced to 16 years and three months in prison for using a Ponzi scheme to defraud 74 financial institutions of $80 million. Schwartz pleaded guilty in April to... Read Story
November 23, 2011, 06:30 AM


LEAF Commercial Capital announced the recent closing of a $50 million growth equity investment from Eos Partners, L.P. and its affiliates ("Eos"), a New York based private investment firm.In connection with the Eos investment, LEAF also closed on $75... Read Story
November 21, 2011, 06:00 AM


Navitas Lease Corp. has completed an expansion of its revolving, Senior Secured Credit facility with Wells Fargo Capital Finance, part of Wells Fargo & Company.  This expansion to $50 million of its credit facility with Wells Fargo was agreed to as... Read Story
November 18, 2011, 06:00 AM


MarketWatch reported that CIT Group’s Chairman and CEO sees opportunities to grow loan volume as its clients' businesses stabilize and as CIT makes progress restructuring its balance sheet.As reported, John Thain, said demand for commercial loans... Read Story
November 17, 2011, 06:30 AM


International Decision Systems, the leading provider of asset finance software, announced the release of Rapport® 6.3, the latest version of the company’s market leading front-office origination solution.The Rapport solution from IDS provides asset... Read Story
November 16, 2011, 06:00 AM


For the second year in a row, Societe Generale Equipment Finance received the “Vendor Finance Provider of the Year” award at the Leasing Life Awards Ceremony on 3rd November in Munich, Germany.A panel of judges, specialists and industry professionals... Read Story
November 11, 2011, 07:30 AM


Bloomberg reported Royal Bank of Scotland Group Plc, has four bidders for its aircraft leasing division, including China Development Bank Corp.  The auction is moving into its final round in December, people familiar with the process said. A... Read Story
November 11, 2011, 06:00 AM


Bloomberg reported Royal Bank of Scotland Group Plc, has four bidders for its aircraft leasing division, including China Development Bank Corp.  The auction is moving into its final round in December, people familiar with the process said. A... Read Story
November 11, 2011, 06:00 AM


CIT Group, a leading provider of financing to small businesses and middle market companies, today announced that its Corporate Finance segment completed transactions that provided $1.2 billion in new loan commitments during the quarter ended... Read Story
November 10, 2011, 08:30 AM


TAB Bank provided $30 million in working capital facilities for several businesses during the month of October.  These facilities were provided for companies across a broad spectrum of industries.The new transactions are categorized as the... Read Story
November 08, 2011, 06:00 AM


Ivory Consulting Corporation, the leading asset finance pricing and analytics software firm, announced  SuperTRUMP, its flagship lease and loan pricing software product, has been selected by 11 new asset finance businesses thus far in 2011.“We are... Read Story
November 02, 2011, 06:00 AM


EquipmentEngine, LLC today announced IronPlanet will add EquipmentEngine’s logistics services to its select group of approved service providers.EquipmentEngine’s 200 strategically located facilities across the country expand the destination options... Read Story
November 01, 2011, 06:30 AM


LEAF Commercial Capital, Inc. the commercial finance subsidiary of Resource America, Inc. announced the closing of a new securitization transaction: LEAF 2011-2, which was completed on October 28, 2011. With the completion of LEAF 2011-2, LEAF has... Read Story
November 01, 2011, 06:00 AM


The Globe and Mail reported that Newcourt Credit Group Inc. founder Steven Hudson has raised $175 million to expand his newest leasing company – Element Financial. Mr. Hudson's latest venture will utilize the funds raised to buy more leasing... Read Story
October 31, 2011, 07:54 AM


According to research from Grant Thornton’s International Business Report, 54% of global businesses are not aware of, and are therefore unprepared for, one the most significant global accounting changes in the past decade: the virtual elimination of... Read Story
October 27, 2011, 05:26 AM


NetSol Technologies Inc., a worldwide provider of global IT and enterprise application solutions, recently announced the company’s entry into cloud computing with the release of LeasePak Software-as-a-Service. The first cloud-delivered leasing and... Read Story
October 26, 2011, 06:06 AM