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Week's News

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... Read Full News
October 17, 2019, 07:30 AM


Quality Leasing Co., Inc., the commercial equipment financing subsidiary of the Tom Wood Automotive Group, announced the addition of Bradon R. Marshall, former C.H. Brown Co. President, as the newest addition to the Quality Leasing sales team.... Read Full News
October 17, 2019, 07:25 AM


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... Read Full News
October 17, 2019, 07:20 AM
Filed Under: Regulatory News


The Equipment Leasing & Finance Foundation released the October 2019 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI). Overall, confidence in the equipment finance market is 51.4, a decrease from the September index of... Read Full News
October 17, 2019, 07:15 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 Full News
October 17, 2019, 07:10 AM
Filed Under: Industry News


CIT Group Inc. announced CIT Northbridge Credit, through its investment advisor CIT Asset Management LLC, served as sole lead arranger on a $40 million senior secured credit facility for Hantover Inc., a leading distributor of products to the food... Read Full News
October 17, 2019, 07:07 AM


CAN Capital announced it has hired David Lafferty as CAN Capital's new Chief Credit Officer. Lafferty brings his expertise in commercial lending, business development, operational planning, and profit & loss management to the CAN Capital... Read Full News
October 16, 2019, 07:28 AM


Rob Hoysgaard has joined Corcentric Capital Equipment Solutions, a provider of procurement and financial process automation solutions, as Vice President of Sales for the Northeast Region. He will be responsible for analyzing customer fleets to... Read Full News
October 16, 2019, 07:20 AM


Maxim Commercial Capital announce it provided hard-asset secured financing to 170 small and mid-sized businesses (SMBs) during the third quarter of 2019. Maxim lends $10,000 to $3,000,000 to SMBs nationwide secured by heavy equipment and real estate... Read Full News
October 16, 2019, 07:15 AM


Lakeland Bank announced nine officer promotions, including individuals in equipment financing and asset-based lending. The following were promoted: Carol Wilson to Assistant Treasurer – Equipment Finance Administrator. Wilson joined Lakeland in... Read Full News
October 16, 2019, 07:12 AM