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Week's News

Fleet Advantage, a leading innovator in truck fleet business analytics, equipment financing and lifecycle cost management, announced Don Davis has joined the company as Vice President, Strategic Fleet Solutions. In this role he will be responsible... Read Full News
October 22, 2018, 05:00 PM

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 Full News
October 22, 2018, 04:00 PM
Filed Under: Industry News

Midland States Bancorp, Inc. announced Leon J. Holschbach will retire from his position as Chief Executive Officer on Dec. 31.  Following his retirement from the CEO position, Holschbach will continue to serve as Vice Chairman of the Board of... Read Full News
October 22, 2018, 07:25 AM

Seabury Capital Group LLC announced its role as sole investment banking advisor on the successful acquisition of a leased portfolio of 21 aircraft by Zephyrus Aviation Capital.Zephyrus is a fleet management solutions provider to lessors and... Read Full News
October 22, 2018, 07:10 AM
Filed Under: Aircraft

Middle market private companies in the Golub Capital Altman Index (GCAI) experienced year-over-year revenue growth of 11.75 percent and earnings growth of 10.83 percent during the first two months of the third quarter of 2018. This compares to... Read Full News
October 22, 2018, 07:05 AM
Filed Under: Economy

U.S. and Canadian Natural Gas Class 8 truck retail sales rose 13 percent in 2017, but shed 28 percent year-to-date through August 2018, according to a recent quarterly report (Natural Gas & Alternative Fuels Quarterly) released by ACT Research.... Read Full News
October 22, 2018, 07:00 AM
Filed Under: Trucking

Uber Technologies Inc. announced Wednesday it is entering the trailer leasing business. The business, called Powerloop, will be a part of Uber Freight, which connects truckers with shippers, the company said on its official blog site. Powerloop will... Read Full News
October 19, 2018, 07:30 AM
Filed Under: Trucking

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 Full News
October 19, 2018, 07:20 AM
Filed Under: Industry News

The PayNet Canadian Small Business Lending Index (CSBLI) decreased 3.2 percent from 126.2 in July 2018 to 122.1 in August 2018, marking the second consecutive monthly decline after increasing in each of the previous six months, PayNet Canada... Read Full News
October 19, 2018, 07:00 AM
Filed Under: Economy

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 Full News
October 19, 2018, 06:50 AM
Filed Under: Industry News