Driven by strong consumer spending and a resilient labor market, the U.S. economy continues to expand at a healthy clip, according to the Q2 update of the 2024 Equipment Leasing & Finance U.S. Economic Outlook. Real equipment and software investment...
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April 17, 2024, 07:25 AM
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Finova Capital, LLC closed on a senior credit facility with a major specialty lender. The $30 million facility will be used to originate new equipment leases. Bob Neagle, CEO of Finova, noted the “addition of the new facility will allow us to finance...
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April 17, 2024, 07:20 AM
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The NFIB Small Business Optimism Index decreased by 0.9 of a point in March to 88.5, the lowest level since December 2012. This is the 27th consecutive month below the 50-year average of 98. The net percent of owners raising average selling prices...
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April 17, 2024, 07:15 AM
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I Squared Capital announced a transaction to combine the North American operations of two of its portfolio companies.The recently rebranded Transportation Equipment Network, "TEN" (f.k.a. Star Leasing), will acquire TIP Canada, the Canadian...
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April 17, 2024, 07:10 AM
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Renterra announced it has raised $3 million, led by Bienville Capital. This investment will accelerate Renterra's product development, expand its market reach, and enhance customer support services, ensuring that Renterra remains at the forefront of...
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April 17, 2024, 07:05 AM
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Although the growth rate of preliminary Class 8 same dealer sales volumes slowed in March, it showed no signs of letting up (+3.7 percent), according to the latest preliminary release of the State of the Industry: U.S. Classes 3-8 Used Trucks...
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April 17, 2024, 07:00 AM
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First Horizon Corporation announced Thomas Hung, Executive Vice President, Head of Franchise Finance, will be named Senior Executive Vice President, Chief Credit Officer, effective Oct. 1, 2024. Hung will succeed Susan Springfield, Senior Executive...
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April 16, 2024, 07:20 AM
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Wintrust Financial Corporation and Macatawa Bank Corporation (Macatawa) jointly announced they have entered into a definitive merger agreement for Wintrust to acquire Macatawa in an all-stock transaction. Macatawa is the parent company of Macatawa...
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April 16, 2024, 07:18 AM
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Solifi, a global fintech software partner for secured finance, announced the completion of the integration with Codat, a provider of enhanced-connectivity automated solutions. The out-of-the-box functionality enables asset-based lending (ABL) firms...
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April 16, 2024, 07:11 AM
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Stearns Bank announced the appointment of two accomplished professionals to its executive team. Marlice Johnson joins Stearns Bank as Chief Brand Officer, while Maggie Rivera assumes the role of Vice President of Corporate Social Responsibility and...
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April 16, 2024, 07:09 AM
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