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...
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December 16, 2022, 07:20 AM
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The Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU) that improves discount rate guidance for lessees that are not public business entities—including private companies, not-for-profit organizations and employee...
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November 12, 2021, 07:22 AM
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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...
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September 13, 2021, 07:05 AM
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The Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU) that provides temporary optional guidance to ease the potential burden in accounting for reference rate reform.“This new ASU provides stakeholders with the...
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March 13, 2020, 07:20 AM
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The Financial Accounting Standards Board (FASB) issued two Accounting Standards Updates (ASUs) that finalize various effective date delays for standards on current expected credit losses (CECL), leases, hedging and long-duration insurance...
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November 18, 2019, 07:12 AM
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The Financial Accounting Standards Board has extended the implementation deadline for several accounting standards, giving many U.S. companies additional time to prepare, the Wall Street Journal reported.FASB on Wednesday approved its proposals for...
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October 17, 2019, 07:20 AM
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The Financial Accounting Standards Board (FASB) issued a proposed Accounting Standards Update (ASU) that would grant private companies, not-for-profit organizations and certain small public companies additional time to implement FASB standards on...
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August 16, 2019, 07:30 AM
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The Financial Accounting Standards Board plans to propose delaying effective dates for four key standards for certain groups of financial statement preparers after a series of votes taken at a board meeting last week, according to the Journal of...
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July 23, 2019, 07:20 AM
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Crestmark announced it provided more than $29.3 million in commercial financing to 50 businesses in the first half of July. Crestmark Equipment Finance provided $9,412,769 in six new lease transactions; Crestmark Vendor Finance provided $3,414,574...
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July 18, 2019, 07:20 AM
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Utica Leaseco, a provider of customized asset-based equipment financing solutions, announced the formation of an affiliate company, Utica Equipment Finance. The new entity will offer equipment-based term loans and leases to companies throughout North...
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March 20, 2019, 07:25 AM
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The performance of structured finance transactions around the globe will largely remain strong on the back of continued, but slowing, growth across the regional economies; however, late-cycle trends such as weakening in the underwriting of both...
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December 28, 2018, 07:30 AM
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The Financial Accounting Standards Board (FASB) has issued an Accounting Standards Update (ASU) that amends the transition requirements and scope of the credit losses standard issued in 2016. “Since issuing the credit losses standard, the FASB staff...
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November 19, 2018, 07:00 AM
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Brian Trebels, CEO of Equipment Leasing Group of America, LLC (ELGA), announced the purchase of a premier portfolio of top-brand truck tractor and construction crane leases. Remaining lease terms for the trucks included in the deal average 29 months...
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October 29, 2018, 07:15 AM
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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...
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September 26, 2018, 07:20 AM
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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...
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March 30, 2018, 07:20 AM
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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...
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March 08, 2012, 08:15 AM
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A coalition of several leading nonprofit and commercial organizations, including the U.S. Chamber of Commerce, released a report today that examines the economic impact of the International Accounting Standards Board (IASB) and Financial Accounting...
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February 17, 2012, 07:30 AM
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CapitalSource announced financial results for the fourth quarter and the full year 2011. The Company reported net income for the quarter of $9 million, compared to net loss of $81 million in the prior quarter and net income of $6 million in the...
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February 17, 2012, 07:00 AM
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