Amur Equipment Finance, Inc. announced the appointment of Rich Chenitz as its Chief Commercial Officer.With over 35 years of experience, Chenitz brings a wealth of knowledge and a decorated history of driving vendor relationship and origination...
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April 02, 2024, 07:25 AM
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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...
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March 26, 2024, 07:15 AM
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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...
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March 01, 2024, 07:20 AM
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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...
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January 22, 2024, 07:00 AM
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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...
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January 19, 2024, 07:25 AM
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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...
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January 16, 2024, 07:18 AM
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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...
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November 10, 2023, 07:25 AM
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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...
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November 06, 2023, 07:25 AM
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Merchants Financial Group, Inc. (MFGI) announced year-to-date net income through the third quarter of $20.1 million, according to MFGI President & CEO Gregory M. Evans.As a result of continued strong performance, the MFGI Board of Directors...
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October 27, 2023, 07:18 AM
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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...
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October 23, 2023, 07:23 AM
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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...
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October 20, 2023, 07:24 AM
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Building on its successful strategy of supporting leading middle-market private equity firms, Clarus Capital announced it has hired Jake Skivington to join its sponsor origination effort. Skivington will be located in the firm’s New York office.Prior...
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October 18, 2023, 07:22 AM
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Wells Fargo Commercial Banking, part of Wells Fargo & Company, announced Bobby Bans will lead Middle Market Asset-Based Lending (ABL) origination for the West region, which is part of the bank’s secured lending and leasing businesses. The Middle...
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September 12, 2023, 07:25 AM
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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...
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August 15, 2023, 07:18 AM
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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...
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August 08, 2023, 07:15 AM
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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...
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July 07, 2023, 07:23 AM
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Trinity Capital, a leading provider of diversified financial solutions to growth-stage companies, announced the strategic expansion of its origination team with the appointment of Andrew Ghannam as Managing Director of Tech Lending, based in New York...
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July 03, 2023, 07:10 AM
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Exchange Bank announced the expansion of Paul Yeomans’ role from SVP, Wholesale Banking Sales Manager to SVP, Senior Lending Officer, combining the Commercial Banking and Construction and Mortgage Lending departments into a single commercial lending...
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June 27, 2023, 07:15 AM
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Mitsubishi HC Capital America, the largest non-bank, non-captive finance provider in North America, announced that Todd Witmer has joined the company as Senior Origination Leader, Asset-based Lending.Based in Southwest Michigan, Witmer will be...
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June 23, 2023, 07:15 AM
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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...
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May 04, 2023, 07:05 AM
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Gibraltar Business Capital announced Jim Marasco, a widely respected senior executive leader who served on GBC’s Board of Directors, is joining the GBC leadership team as Head of Originations.Prior to Gibraltar, Marasco spent over three decades with...
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April 25, 2023, 07:18 AM
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Tamarack Technology, Inc., and Missouri-based Vision Commerce, a Constellation Financial Software company, have formed a strategic partnership to help equipment finance companies and brokers make better use of the data generated by their business to...
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March 30, 2023, 07:23 AM
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J.P. Morgan Commercial Banking has hired Matt Hamilton as a Managing Director and Coverage Manager for one of its Equipment Finance businesses. In this role, Hamilton will lead the originations team working with bankers and clients across J.P. Morgan...
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March 09, 2023, 07:20 AM
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MidCap Equipment Finance LLC is announcing it originated $85 million in new equipment leases in 2022, its inaugural year. The company provided financing for manufacturing equipment, automobiles, construction equipment, transportation equipment and...
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March 07, 2023, 07:10 AM
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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...
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March 01, 2023, 07:20 AM
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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...
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February 23, 2023, 07:20 AM
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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...
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February 23, 2023, 07:15 AM
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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...
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February 22, 2023, 07:20 AM
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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...
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February 15, 2023, 07:22 AM
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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...
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February 14, 2023, 07:15 AM
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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...
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February 08, 2023, 07:23 AM
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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...
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February 06, 2023, 07:25 AM
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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...
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January 24, 2023, 07:15 AM
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Peter Faser has been named Director - Originations with Truist Equipment Finance where he will be responsible for Corporate and Investment Banking clients.Faser has been with Truist Securities since 2011 and has over 25 years of banking experience....
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January 23, 2023, 07:22 AM
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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...
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January 18, 2023, 07:00 AM
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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...
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January 17, 2023, 07:23 AM
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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...
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January 10, 2023, 07:23 AM
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Wintrust Commercial Finance (WCF), a division of Wintrust Asset Finance Inc., named Bryan Thomas, a Direct Originator for its East Region. Thomas will report to Vice President of New Business Development and East Region Manager Keith Tornichia. In...
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November 16, 2022, 07:23 AM
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Wintrust Commercial Finance (WCF), a division of Wintrust Asset Finance Inc., announced Keith Reilly has joined the company as Senior Vice President to lead the company’s sell-side syndications activities and to expand its indirect originations...
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November 02, 2022, 07:23 AM
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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...
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October 07, 2022, 07:21 AM
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Northteq, Inc. a provider of Salesforce origination solutions, announced Finova Capital, LLC, a provider of equipment financing and small business lending, has integrated Northteq’s Aurora Loan Origination System (LOS) and Aurora Partner Portal with...
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September 29, 2022, 07:23 AM
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Truist Equipment Finance announced that Joe Houston has been named Director - Originations with Truist Equipment Finance where he will be responsible for Corporate and Investment Banking clients in the Energy and Utilities vertical along with several...
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September 22, 2022, 07:22 AM
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Trinity Capital Inc., a provider of diversified financial solutions to growth stage companies, announced the appointment of Lauren Cosentino as Managing Director, Life Sciences in the Research Triangle Park region of North Carolina. Cosentino, an...
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September 21, 2022, 07:15 AM
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Mitsubishi HC Capital America has named Fred Ventresca as Director of Originations, Structured Finance. His focus will be on the company’s core sectors of clean energy, mobility, and technology.Based in Norwalk, CT, Ventresca will be responsible for...
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September 13, 2022, 07:20 AM
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Jeff Dunn has joined Truist Equipment Finance as Director, Aviation Originations.Dunn has over 17 years of experience in various roles within the Aviation industry, most recently as Head of Aviation Asset Management with PNC. Prior to that, Dunn held...
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September 12, 2022, 07:18 AM
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Ethan Markel has been named Director - Originations with Truist Equipment Finance where he will be responsible for Commercial Banking clients primarily in the Carolinas market. Markel joins Truist with over 10 years of financial services experience...
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September 01, 2022, 07:25 AM
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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...
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August 05, 2022, 07:20 AM
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North Mill Equipment Finance LLC (NMEF), an independent commercial equipment lessor headquartered in Norwalk, CT, announced the company crossed the $1 billion mark in total originations since its recapitalization by an affiliate of Wafra Capital...
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August 02, 2022, 07:25 AM
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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...
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July 07, 2022, 07:23 AM
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Inovatec Systems, a provider of cloud-based software solutions for lenders, announced it has reached an agreement with AFG Canada to provide automated financing technology that supports the organization’s automotive leasing programs available to...
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July 06, 2022, 07:00 AM
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Truist Equipment Finance (TEF) announced Frank Goveaszzo has joined the TEF team as Director, Capital Markets. Goveaszzo will focus on originating and developing new wholesale funding relationships and will be based in Atlanta, GA.Goveaszzo brings...
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June 30, 2022, 07:23 AM
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Mitsubishi HC Capital America has named Bill Lyons as Origination Leader, Asset-Based Lending.Based in Michigan, Lyons will be responsible for business development across the Midwest. He will work primarily with small- and mid-sized businesses...
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June 09, 2022, 07:05 AM
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Chesswood Group Limited, a publicly traded North American specialty finance company providing commercial equipment leases and loans, automotive loans, and home improvement financing, reported its results for the quarter ended March 31, 2022. Q1 2022...
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May 13, 2022, 07:20 AM
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Element Fleet Management Corp. announced strong financial and operating results for the three months ended March 31, and management raised full-year 2022 results guidance. Q1 net income of $93.6 million represents 21 cents on a per share basis. Q1...
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May 11, 2022, 07:21 AM
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Encina Equipment Finance, LLC (EEF) announced that Peter Carpenter and Matt Farley have joined EEF as Managing Directors – Originations and Zach Brasser as Associate.Carpenter joins the Encina team from 36th Street Capital, where he was a Senior Vice...
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May 04, 2022, 07:23 AM
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Wintrust Commercial Finance (WCF), a division of Wintrust Asset Finance Inc., named equipment finance veteran Mike Mullen a Direct Originator for its East Region.Mullen will report to Vice President of New Business Development and East Region Manager...
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May 02, 2022, 07:22 AM
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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...
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April 21, 2022, 07:18 AM
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Trinity Capital Inc., a provider of debt and equipment financing to venture capital backed growth stage companies, announced the appointment of Rob Lake as Managing Director, Life Sciences in San Diego, CA. Lake, a veteran in the venture ecosystem...
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April 13, 2022, 07:08 AM
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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...
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April 05, 2022, 07:23 AM
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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...
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April 05, 2022, 07:22 AM
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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...
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April 05, 2022, 07:19 AM
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Clarus Capital announced it has hired veteran equipment finance banker Doug Slagle as a Director in the Direct Investment Origination Group. In this role, he will focus on new client acquisitions, expanding existing client partnerships and generating...
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March 23, 2022, 07:23 AM
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Fifth Third Bank hired Pat Tatarek as Vice President, Indirect Originations Relationship Manager. Tatarek will join the Lease Banking Group working in its Rosemont, IL, office, responsible for providing financing solutions to Independent Lessors and...
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March 18, 2022, 07:25 AM
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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...
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March 09, 2022, 07:14 AM
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Great Rock Capital announced Jonathan Katz has joined the firm as Managing Director of Originations. Katz will be based in Toronto and is responsible for the continued expansion of the firm’s origination efforts across Canada.“We are excited to...
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March 02, 2022, 07:06 AM
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Peoples Bancorp Inc. announced its wholly owned subsidiary, Peoples Bank, has entered into a definitive agreement to acquire Vantage Financial, LLC, a nationwide provider of equipment financing headquartered in Excelsior, MN. Under the terms of the...
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February 17, 2022, 07:25 AM
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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...
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February 15, 2022, 07:20 AM
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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...
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February 08, 2022, 07:24 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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Clarus Capital announced it has hired Jarrod Hicks as a Director in the Investment Origination Group. In this role, he will focus on new client acquisitions, deepening and expanding existing client partnerships, and generating financing opportunities...
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February 03, 2022, 07:23 AM
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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...
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February 02, 2022, 07:20 AM
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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...
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January 28, 2022, 07:19 AM
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Cerebro Capital, a commercial loan marketplace, announced the appointment of John Robinson and James Paterson as Managing Directors of Credit Origination. Together, Robinson and Paterson will source credit opportunities among private equity firms...
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January 28, 2022, 07:17 AM
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Clarus Capital announced it has hired Matt Worman as Managing Director and Head of Direct Investment Origination. In this role, he will lead the firm’s business development activities with responsibility for generating new financing opportunities...
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January 24, 2022, 07:23 AM
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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...
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January 21, 2022, 07:17 AM
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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...
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January 12, 2022, 07:25 AM
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Wintrust Commercial Finance (WCF), a division of Wintrust Asset Finance Inc., named equipment finance veteran William (Bill) Allen a direct originator for its East Region. Allen will report to Keith Tornichia, Vice President of New Business...
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January 12, 2022, 07:19 AM
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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...
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January 11, 2022, 07:10 AM
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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...
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January 07, 2022, 07:17 AM
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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...
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January 05, 2022, 07:30 AM
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Trinity Capital Inc., a specialty lender providing debt and equipment financing to growth-stage companies, announced the appointment of Phil Gager as Managing Director, Origination in Boston, MA. Gager, who has been a part of the venture ecosystem...
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November 04, 2021, 07:17 AM
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Since its founding in April of 2015, Wintrust Commercial Finance (WCF), a division of Wintrust Asset Finance Inc., has generated more than $3 billion in funded and managed volume, leading to a Compound Annual Growth Rate of 30.5 percent.“When we...
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October 25, 2021, 07:23 AM
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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...
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October 22, 2021, 07:22 AM
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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...
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October 04, 2021, 07:23 AM
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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...
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September 22, 2021, 07:20 AM
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Truist Equipment Finance Corp. announced the hiring of Doug Parsons as Director – Originations.Parsons will be responsible for Corporate and Investment Banking business development as well as new program business. Parsons joins Truist with over 25...
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August 11, 2021, 07:22 AM
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Balboa Capital announced financial results for its fiscal 2021 second quarter ending June 30. In Q2 2021, the company achieved 93 percent origination growth over Q2 2020. Additionally, the company added 25 new employees during the quarter, a 56...
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July 30, 2021, 07:24 AM
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Marlin Business Services Corp. reported second-quarter net income of $10.3 million compared with net income of $6.9 million in the prior quarter, and a net loss of $5.9 million a year ago.Jeffrey A. Hilzinger, Marlin’s President and CEO, said, “Our...
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July 30, 2021, 07:19 AM
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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...
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July 13, 2021, 07:09 AM
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Apollo Global Management, Inc. announced that entities, clients and funds managed by its affiliates completed approximately $1 billion in aircraft-related origination volume during the second quarter, the most active quarter on record since Apollo...
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July 09, 2021, 07:18 AM
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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...
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July 08, 2021, 07:17 AM
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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...
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July 07, 2021, 07:23 AM
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Hitachi Business Finance has announced Heather Rachel has joined its business development team, where she will focus her efforts on supporting business owners and trusted advisors across the United States.Based in the greater Minneapolis, MN, area...
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April 14, 2021, 07:17 AM
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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...
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March 03, 2021, 07:19 AM
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ECN Capital Corp. reported its financial results for the three-month period and year ended Dec. 31, 2020. For the quarter, ECN Capital reported adjusted net income applicable to common shareholders from continuing operations of $19.7 million versus...
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March 01, 2021, 07:15 AM
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Marlin Business Services Corp. reported fourth quarter 2020 net income of $15.3 million compared with net income of $2.7 million in the prior quarter, and net income of $8.4 million in the fourth quarter a year ago.Jeffrey A. Hilzinger, Marlin’s...
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January 29, 2021, 07:20 AM
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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...
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January 05, 2021, 07:22 AM
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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...
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December 17, 2020, 07:20 AM
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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...
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December 03, 2020, 07:20 AM
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ECN Capital Corp. reported its financial results for the three-month period ended Sept. 30. Adjusted net income applicable to common shareholders from continuing operations of $23.3 million versus $17.0 million for the previous three-month period...
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November 13, 2020, 07:11 AM
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Marlin Business Services Corp. reported third-quarter 2020 net income of $2.7 million compared with net loss of $5.9 million in the last quarter, and net income of $7.4 million in the third-quarter a year ago.Third Quarter Summary:
Net income of...
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October 30, 2020, 07:28 AM
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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...
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October 07, 2020, 07:25 AM
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Fleet Advantage, an innovator in truck fleet business analytics, equipment financing and lifecycle cost management, announced it secured lease originations totaling $107.3 million for its quarter ending Sept. 30.Companies with transportation fleets...
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October 07, 2020, 06:55 AM
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Leasepath, provider of the asset finance industry’s Finance Origination (LOS) and Customer Engagement (CRM) platform, announced a successful launch of its flagship product at a top Auto Finance Captive based in Michigan. The AFC will leverage the...
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September 16, 2020, 07:20 AM
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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...
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September 02, 2020, 07:25 AM
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Wintrust Commercial Finance (WCF), a division of Wintrust Asset Finance Inc., named Shane Butler and Charlie Fox as Direct Originators for its newly formed East region division, reporting to Keith Tornichia, Vice President of New Business Development...
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August 31, 2020, 07:25 AM
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ECN Capital Corp. reported financial results for the three-month period ended June 30. It adjusted net income applicable to common shareholders from continuing operations of $17.0 million versus $14.5 million for the previous three-month period ended...
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August 13, 2020, 07:20 AM
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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...
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August 04, 2020, 07:28 AM
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North Mill Equipment Finance LLC, an independent commercial equipment lessor located in Norwalk, CT, announced the company achieved an all-time high in loan and lease fundings in July. The record-breaking month saw funded volume reach nearly $18.5...
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August 04, 2020, 07:22 AM
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North Mill Equipment Finance LLC, an independent commercial equipment lender located in Norwalk, CT, announced it posted record originations for the first half of 2020. Funded volume reached nearly $80 million, representing a growth rate of 40...
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July 08, 2020, 07:30 AM
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Wintrust Commercial Finance (WCF), a division of Wintrust Asset Finance Inc., announced Thomas G. Forbes has been promoted to Executive Vice President and Chief Sales Officer. In this role, Forbes will be responsible for all originations for WCF, as...
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June 16, 2020, 07:25 AM
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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...
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June 10, 2020, 07:16 AM
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ECN Capital Corp. reported its financial results for the three-month period ended March 31. The company reported adjusted net income applicable to common shareholders from continuing operations of $14.5 million in the first quarter versus $18.5...
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May 15, 2020, 07:22 AM
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Marlin Business Services Corp. reported a first quarter 2020 net loss of $11.8 million compared with net income of $8.4 million in the prior quarter and $5.1 million a year ago.Selected highlights:
Net loss of $11.8 million compared with net...
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May 01, 2020, 07:25 AM
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Wintrust Commercial Finance (WCF), a division of Wintrust Asset Finance Inc., announced the hire of Jeffrey Almond as Assistant Vice President of Direct Originations and Jeremy Phillips as Financial Analyst. Almond will work out of WCF’s Frisco, TX...
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April 01, 2020, 07:25 AM
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ECN Capital Corp. reported its fourth-quarter and 2019 financial results. For the three-month period ended Dec. 31, 2019, ECN Capital reported adjusted net income applicable to common shareholders from continuing operations of $18.5 million versus...
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February 27, 2020, 07:24 AM
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ENGS Commercial Finance Co. (ENGS), a subsidiary of Mitsubishi UFJ Lease and Finance (MUL) company, achieved record-breaking origination volume in 2019. Reporting its most successful year in the company’s history, ENGS financed a total of $687...
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February 25, 2020, 07:28 AM
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Wintrust Specialty Finance (WSF), a division of Beverly Bank & Trust Company, N.A. and part of the Wintrust family, completed its first year of originations in 2019 with more than $148 million in commercial equipment financing and leasing...
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February 10, 2020, 07:25 AM
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NFS Leasing, Inc., announced 20 percent 2019 full-year growth of originations and an office expansion at its Boston, MA, area headquarters.
“We have a dedicated team across-the-board and that team delivered exceptional service, resulting in...
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January 29, 2020, 07:19 AM
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Encina Equipment Finance, LLC (EEF) announced the addition of Ryan Elsass as Managing Director of Business Development for the Midwest.Elsass will be based out of Chicago, IL, and report to EEF’s President and Chief Commercial Officer Rick Matte. He...
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January 23, 2020, 07:25 AM
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ENGS Commercial Finance Co., a Mitsubishi UFJ Lease and Finance (MUL) company, achieved record-breaking originations in Q4 2019. In December, ENGS funded a single month record of $115 million, and for the quarter, ENGS funded $222 million. This...
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January 21, 2020, 07:25 AM
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Stonebriar Commercial Finance announced Alex Palazzolo has joined the company as Managing Director of Originations. Based in Plano, TX, he will leverage existing and develop new relationships to source fixed-asset secured loan and lease opportunities...
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January 15, 2020, 07:25 AM
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North Mill Equipment Finance LLC announced the company posted record originations for 2019 — the best year in its history. Funded volume exceeded $136 million representing a growth rate of 350 percent over 2018.“Everybody’s collective efforts are...
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January 09, 2020, 07:22 AM
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CIT Group Inc. has appointed Mihir J. Shah as Director of Technology Originations in its Technology, Media and Telecommunications business.In his new role, Shah will have primary responsibility for expanding the business’s existing coverage network...
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December 04, 2019, 07:25 AM
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Preston Hollow Capital, an independent specialty municipal finance company based in Dallas, TX, announced the hiring of three senior professionals in its Originations and Asset Management groups. Associate Director Ryan Chiriboga joins a growing...
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November 26, 2019, 07:15 AM
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Marlin reported third quarter 2019 net income of $7.4 million, compared with $5.9 million a year ago. Third quarter 2019 net income on an adjusted basis was $7.4 million, compared with $6.4 million a year ago.Commenting on the company’s results...
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November 01, 2019, 07:20 AM
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Wells Fargo Commercial Capital announced the realignment of its Canada-based equipment finance and asset-based lending (ABL) originations teams into a newly integrated business unit, harnessing the collective expertise to enhance the customer...
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October 17, 2019, 07:30 AM
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North Mill Equipment Finance LLC announced record originations for the third quarter of 2019. The best quarter in North Mill’s history, the company exceeded $43 million in funded volume representing a growth rate in excess of 30 percent from the...
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October 04, 2019, 07:15 AM
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ECN Capital Corp. reported adjusted net income applicable to common shareholders of $16.6 million for the second quarter ended June 30 versus $5.6 million for the same period last year.Originations for the three-month were $598 million versus $419.2...
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August 08, 2019, 07:20 AM
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North Mill Equipment Finance LLC announced yet another record-breaking month in originations as the company posted $15 million of aggregate volume in July. An all-time high for the organization, the momentum is expected to continue as the year...
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August 07, 2019, 07:20 AM
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Marlin reported second-quarter 2019 net income of $6.1 million compared with $5.1 million in the prior quarter, and $6.5 million a year ago. Second-quarter 2019 net income on an adjusted basis was $6.3 million compared with $6.5 million a year...
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August 02, 2019, 07:30 AM
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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...
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July 23, 2019, 07:10 AM
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Innovative Lifecycle Cost Management (LCCM) & EXchangeIT® Leasing Program Reducing Fleet's Costs While Improving Efficiency.
Fleet Advantage, an innovator in truck fleet business analytics, equipment financing and lifecycle cost management...
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July 16, 2019, 07:15 AM
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North Mill Equipment Finance LLC, an independent commercial equipment lender located in South Norwalk, CT, announced record originations for the second quarter, exceeding $33 million in funded volume. It was the best quarter in the company’s history...
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July 02, 2019, 07:25 AM
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TIAA Bank announced Kimberly Montgomery has taken on a new role as Vice President, Healthcare Originations Leader for TIAA Commercial Finance, Inc. In her new role, she will be responsible for overseeing the healthcare equipment finance platform and...
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June 25, 2019, 07:20 AM
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Ascentium Capital LLC announced a record in monthly funding volume since the company started in 2011. Ascentium Capital obtained $131.6 million in originations during the month of May, representing 23 percent growth over the same period last...
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June 05, 2019, 07:22 AM
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CSI Leasing, Inc. (CSI) announced that Brian Foley and Tim O’Brien have been promoted to Senior Vice President of Sales.Previously Vice President, Foley will continue his role of originating lease transactions, primarily in Illinois and Wisconsin. He...
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May 16, 2019, 07:25 AM
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AP Equipment Financing announced it has set another financing volume record for the first quarter of 2019. AP closed 2019 Q1 funding $32.7 million of equipment to small and medium-sized businesses across the United States. This funded volume...
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May 16, 2019, 07:14 AM
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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...
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May 15, 2019, 07:15 AM
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ECN Capital Corp. reported financial results for the first quarter. The company reported adjusted net income applicable to common shareholders of $12.6 million versus a loss of $2 million for the same period last year.“ECN had a solid Q1 across the...
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May 09, 2019, 07:30 AM
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Marlin reported first-quarter 2019 net income of $5.1 million compared with net income of $6.2 million a year ago. First-quarter net income on an adjusted basis was $5 million compared with $6.2 million a year ago.“We enjoyed a solid start to 2019 as...
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May 03, 2019, 07:30 AM
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North Mill Equipment Finance LLC announced record originations for April. It was the best month in the company’s history and the surge in volume is expected to continue as the year forges ahead.“This was a tremendous team effort across the board and...
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May 03, 2019, 07:25 AM
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TIAA Bank announced Michael Sweeney has been promoted to Senior Vice President, Strategic Vendor Programs for the Commercial Finance Division, and Justin Tabone has been promoted to Senior Vice President, Originations Group Leader for the division....
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April 25, 2019, 07:30 AM
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CSI Leasing, Inc. announced industry veteran, Matt Hamilton, has joined the company as Vice President. He will be responsible for lease origination throughout the U.S., with an emphasis on global opportunities.Matt Hamilton brings 30 years of...
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April 10, 2019, 07:35 AM
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Encina Business Credit, LLC announced Jim B. Allin has joined the company as Managing Director to lead origination efforts in Texas and Louisiana. Allin has more than 35 years of experience in asset-based lending and international commercial banking....
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April 04, 2019, 07:20 AM
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Boston-based fintech company TimePayment announced it has acquired LeaseQ Inc. The acquisition adds immediate value to TimePayment’s strategic focus of offering vendor partners a leading platform, differentiated product offerings, faster funding and...
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April 03, 2019, 07:30 AM
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CSI Leasing, Inc. announced two officer promotions during its annual sales meetings to kick off its new fiscal year.Patrick Gloriod, Executive Vice President and National Sales Manager — Gloriod will continue to manage the U.S. and Canadian sales and...
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March 14, 2019, 07:25 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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Marlin Business Services Corp. reported fourth-quarter 2018 net income of $6.4 million compared with net income of $15.9 million. Fourth-quarter net income on an adjusted basis was $6.4 million compared with $5.9 million a year ago.For the year ended...
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February 01, 2019, 07:22 AM
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ENGS Commercial Capital (ECC) announced Lorraine Julius has joined as Senior Vice President, Business Development Manager. In this role, she will be responsible for new business origination and other business development objectives in the western U.S...
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January 18, 2019, 07:25 AM
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Wintrust Commercial Finance (WCF), a division of Wintrust Asset Finance Inc., announced Andre Crompton has joined the company’s Capital Markets group, serving as Senior Vice President of Indirect Originations.Crompton will be located in WCF’s New...
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December 03, 2018, 07:35 AM
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Hitachi Capital America Corp. (HCA) announces Todd Glickstern has joined their team as Director of Originations for the Structured Finance Division.Glickstern has 33 years of experience in commercial finance. In his role at HCA, he is responsible for...
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November 28, 2018, 07:25 AM
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Stonebriar Commercial Finance announced Thomas Kaptur has joined the company as Managing Director of Originations. Based in Chicago, Kaptur will manage Stonebriar’s direct originations efforts throughout the Midwest. Prior to joining Stonebriar...
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November 27, 2018, 07:25 AM
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ECN Capital Corp. reported Adjusted Net Income applicable to common shareholders of $21.3 reported financial results for the three-month period ending Sept. 30, up from $12.8 million a year ago.Originations for the three-month period ending Sept. 30...
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November 13, 2018, 07:15 AM
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Marlin Business Services Corp. reported third-quarter 2018 net income of $5.9 million, up 79 percent from net income of $3.3 million a year ago. Third-quarter net income on an adjusted basis was $6.4 million compared with $3.9 million a year ago—a...
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November 02, 2018, 07:25 AM
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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...
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October 24, 2018, 07:10 AM
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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...
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October 18, 2018, 07:25 AM
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Stonebriar Commercial Finance announced Jonathan Katz has joined the company as Managing Director of Originations - Canada. Based in Toronto, Katz will manage both direct and indirect originations efforts throughout Canada.Prior to joining Stonebriar...
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October 17, 2018, 07:05 AM
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Crestmark announced the promotion of Bob Leonard to Senior Vice President, Managing Director of Indirect Originations for the Crestmark Equipment Finance (CEF) division. Leonard joined Crestmark in January 2017 as Vice President, Managing Director of...
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October 15, 2018, 07:15 AM
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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...
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August 22, 2018, 07:20 AM
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ECN Capital Corp. reported its financial results for the three-month period ending June 30. The company posted adjusted net income applicable to common shareholders of $13.4 million compared with $8 million for the same period last year.Originations...
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August 13, 2018, 07:06 AM
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Wintrust Commercial Finance (WCF), a division of Wintrust Asset Finance, Inc., announced the appointment of Brian Fyffe as Assistant Vice President of Direct Originations.Fyffe will be based out of WCF’s Irvine, CA, office, where he will report to...
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August 10, 2018, 07:20 AM
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Nations Equipment Finance has hired Kristina Dudits as Vice President of Sales. In this role, Dudits will be responsible for growing Nations’ lease and loan origination activities in the Western United States. She brings more than seven years of...
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August 07, 2018, 07:20 AM
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Marlin Business Services Corp. reported second quarter 2018 net income of $6.5 million, up from net income of $4.6 million a year ago. Second quarter net income on an adjusted basis was $6.5 million compared with $4.8 million.“Marlin delivered...
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August 03, 2018, 07:17 AM
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SunTrust Equipment Finance & Leasing Corp. announced Shane Butler has been named Director – Originations and will be responsible for covering corporate banking clients in the Northeast.Butler joins SunTrust with over 15 years of financial services...
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July 25, 2018, 07:22 AM
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SunTrust Equipment Finance & Leasing Corp. announced it has named Mark Kayse as Director – Originations and will be responsible for covering commercial banking clients in the Ohio expansion market. Kayse joins SunTrust with 25 years of financial...
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July 17, 2018, 07:20 AM
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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...
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July 12, 2018, 07:15 AM
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Stonebriar Commercial Finance announced Reagan Rorschach has joined the company as Managing Director of Originations covering the Central Region.Based in Plano, Texas, Rorschach will augment Stonebriar Commercial Finance’s direct originations efforts...
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July 10, 2018, 07:25 AM
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Bank of the West (BOTW) Equipment Finance announced the appointment of Terese Kramer as Head of Asset Management in San Francisco. Kramer assumes a newly created leadership role for the Asset Management Group within the Equipment Finance Division...
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July 09, 2018, 07:25 AM
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White Oak Commercial Finance (WOCF) announced the addition of John Merille as Senior Vice President and Director of Originations. “We are pleased to add John and his numerous talents to White Oak,” said Robert Grbic, President and Chief Executive...
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June 19, 2018, 07:00 AM
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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...
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June 14, 2018, 07:09 AM
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Marlin Business Services Corp. reported first quarter 2018 net income of $6.2 million, compared with net income of $1.5 million a year ago. First quarter net income on an adjusted basis was $6.2 million compared with $4.3 million a year ago.“Marlin...
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May 04, 2018, 07:15 AM
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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...
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April 12, 2018, 07:30 AM
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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...
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April 11, 2018, 07:28 AM
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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...
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May 17, 2017, 08:00 AM
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