Post Road Equipment Finance (PREF), formerly known as Encina Equipment Finance, announced it has provided a $42 million loan to a global medical device contract manufacturer, servicing many of the largest medical device OEMs to finance new and...
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August 15, 2023, 07:15 AM
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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...
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August 07, 2023, 07:10 AM
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Garrington Group of Companies announced the formation of Baker Garrington, a new wholly owned subsidiary created to expand its ability to respond to working capital challenges facing underserved small- to medium-sized businesses with practical and...
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July 20, 2023, 07:10 AM
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Mike Colloton, Vice President – Asset-Based Lending at First Business Specialty Finance, LLC, a subsidiary of First Business Bank, announced a closed and funded $7 million revolving line of credit, equipment term loan and real estate term loan for a...
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June 15, 2023, 07:10 AM
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Post Road Equipment Finance announced it has provided a $21 million loan to a leading heavy machinery manufacturer to finance new and existing assets.“After building a relationship with the company and working hand-in-hand with their sponsor over the...
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March 16, 2023, 07:20 AM
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Financial industry veterans Lee Palm, Brian Shapiro and Phil Mulder have joined Northwest Bank to lead the bank's new Commercial Finance Group that will focus on business aviation, long-haul (OTR) trucking, inland/offshore marine financing and...
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February 10, 2023, 07:25 AM
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Loeb announced it has provided four new term loans totaling $9.3 million. These loans will help four companies, in transitional financial states, grow their businesses by leveraging working capital from their existing machinery and equipment.Loan...
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November 11, 2022, 07:10 AM
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Sweet Leaf Madison Capital (SLMC), a nationwide provider of tailored debt financing solutions for the middle-market cannabis industry, announced the closing of a loan for $207,000 to Koach Enterprises, a cannabis startup in California creating a high...
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October 06, 2022, 07:00 AM
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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...
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September 22, 2022, 07:24 AM
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Sweet Leaf Madison Capital, a nationwide provider of customized debt solutions for the cannabis industry, announced the closing of an equipment loan for over $700,000 for Claybourne Co., a California-based cannabis company producing several of the...
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August 30, 2022, 07:10 AM
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Accord Financial’s US Asset-Based Lending team closed a $14,000,000 credit facility for the acquisition of a regional waste management company. The facility consists of a $5,000,000 revolving accounts receivable facility and a $9,000,000 machinery...
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August 18, 2022, 07:05 AM
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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...
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February 08, 2022, 07:18 AM
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Hut 8 Holdings Inc., a wholly owned operating subsidiary of Hut 8 Mining Corp., a digital asset mining company, entered into a $30 million senior secured equipment financing term loan with Trinity Capital Inc.
The equipment financing provides Hut 8...
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January 06, 2022, 07:05 AM
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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...
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August 10, 2021, 07:08 AM
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Encina Equipment Finance (EEF) announced it has provided a $10 million equipment loan to an equipment rental company. The loan is being used to fund new equipment purchases.EEF was represented by Reed Smith LLP.Encina Equipment Finance provides loans...
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July 08, 2021, 07:05 AM
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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...
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July 06, 2021, 07:11 AM
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Rhinebeck Bank, the wholly owned subsidiary of Rhinebeck Bancorp, Inc., has expanded its presence in New York’s Capital District with a new Commercial Lending office in the Albany, NY, market.The new office provides Capital District businesses with a...
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June 10, 2021, 07:20 AM
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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...
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May 24, 2021, 07:15 AM
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Sunwest Bank, a privately held, entrepreneurial business bank serving the Western United States, welcomed Chris Tillack as its new Utah Market Area President. In this role, he will provide leadership, oversight and strategic direction of all business...
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May 10, 2021, 07:12 AM
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SouthState Bank announced the addition of a Jacksonville, FL.-based Middle Market Banking team, as well as the expansion of its Commercial Banking talent across the company's six-state footprint."The SouthState and CenterState Bank merger of equals...
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December 24, 2020, 07:20 AM
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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...
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December 01, 2020, 07:10 AM
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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...
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September 24, 2020, 07:27 AM
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Wingspire Capital Holdings announced Ken Wendler has joined the firm as Chief Credit Officer. In this role, Wendler will lead Wingspire’s Investment Committee, work directly with the firm’s front-end team to thoughtfully structure senior secured...
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May 19, 2020, 07:19 AM
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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...
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April 17, 2020, 07:10 AM
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First Financial Northwest, Inc., the holding company for First Financial Northwest Bank, announced interim Chief Credit Officer, Simon Soh, was formally appointed Senior Vice President and Chief Credit Officer of the Bank. Soh will oversee the bank’s...
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December 30, 2019, 07:20 AM
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Greenbacker Renewable Energy Company LLC announced that, through a wholly-owned subsidiary, it signed the rights to purchase a 27.7 MWdc, 14 project solar portfolio from Encore Renewable Energy and closed a $4 million equipment loan facility with...
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December 11, 2019, 07:12 AM
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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...
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November 06, 2019, 07:25 AM
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Encina Equipment Finance announced it has provided a $4 million equipment loan to a leading scrap metal services company. The loan is being used to fund new and used equipment purchases.Encina Equipment Finance was represented by Reed Smith...
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November 04, 2019, 07:20 AM
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Encina Equipment Finance announced it has provided a $17 million equipment loan to an oil and gas midstream infrastructure company. The loan is being used to fund new equipment purchases.Launched in June 2017, Encina Equipment Finance provides loans...
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September 24, 2019, 07:30 AM
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Encina Equipment Finance announced it has provided a $12 million secured equipment loan to a trucking company. The facility is being used to fund new equipment purchases.Encina Equipment Finance was represented by Reed Smith LLP.Launched in June 2017...
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August 01, 2019, 07:10 AM
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Sterling Bancorp, through its principal subsidiary, Sterling National Bank, announced it has completed the previously announced acquisition of the asset-based and equipment finance lending businesses of Woodforest National Bank.The balance of...
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March 04, 2019, 07:20 AM
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Sterling Bancorp, through its principal subsidiary, Sterling National Bank, announced it has entered into a definitive agreement to acquire the asset-based and equipment finance lending businesses of Woodforest National Bank in Texas.As of Dec. 31...
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January 24, 2019, 07:25 AM
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OnDeck announced it will begin offering equipment finance loans to select U.S. small businesses next year, bringing its technology and digital lending expertise to what has traditionally been a slow-moving, opaque and complicated process."With more...
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December 19, 2018, 07:30 AM
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Amerisource Funding announced the closing and funding of a $1 million revolving line of credit for a Pennsylvania-based company that provides services to coal mines. Proceeds of the facility are being used to refinance an existing line of credit and...
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August 02, 2016, 06:53 AM
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TAB Bank announced the funding of two trucking companies in the Western United States. The first transaction was closed with a trucking company in Idaho. TAB has provided them with a $1 million line of credit based on accounts receivable. In...
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April 03, 2015, 07:03 AM
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