Chesswood Group Limited, a North American commercial equipment finance provider for small and medium-sized businesses, announced that Barry Shafran, President and Chief Executive Officer, will be retiring on Aug. 31. Ryan Marr, who recently joined...
Read Story
July 01, 2020, 07:20 AM
|
Chesswood Group Limited, a North American commercial equipment finance provider for small and medium-sized businesses, provided an update on the effects of COVID-19 on its business and banking activities.What has been the extent of COVID-19 Related...
Read Story
June 23, 2020, 07:30 AM
|
Chesswood Group Limited, a North American commercial equipment finance provider for small and medium-sized businesses, announced it is temporarily suspending its monthly dividend as part of its broader initiative to be able to draw on its revolving...
Read Story
May 19, 2020, 07:30 AM
|
Chesswood Group Limited, a North American commercial equipment finance provider for small and medium-sized businesses, reported its results for the first quarter ended March 31, and provided a COVID-19 update.The company reported a net loss of $14.1...
Read Story
May 14, 2020, 07:20 AM
|
Chesswood Group Limited, has taken steps for the benefit of its businesses, based on what is known today and recognizing that it is in a rapidly changing environment:
Reduced its team by 31, to 119 from 150 team members;
Management throughout...
Read Story
April 22, 2020, 07:30 AM
|
Chesswood Group Limited reported its results for the fourth quarter and year ended Dec. 31, 2019.“We had a record year of originations once again while our free cash flow, reduced by the $2.2 million of net expenses from our new startup Tandem...
Read Story
March 19, 2020, 07:10 AM
|
Chesswood Group Limited announced the closing by its subsidiary Pawnee Leasing Corporation of its first marketed U.S. securitization for Pawnee's prime receivables. Proceeds from the $254 million securitization will be used to pay down Pawnee's...
Read Story
October 10, 2019, 07:29 AM
|
Chesswood Group Limited announced the completion of the renewals of its two $250 million primary borrowing facilities. These two facilities are provided by two separate bank syndicates, including leading Canadian and American banks active in our...
Read Story
October 03, 2019, 07:25 AM
|
Chesswood Group Limited reported its adjusted operating income for the second quarter was $6.02 million compared with $6.83 million in the second quarter 2018.This measures Chesswood’s operating income before the change in the allowance for credit...
Read Story
August 05, 2019, 06:00 AM
|
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...
Read Story
May 15, 2019, 07:15 AM
|
Chesswood Group Limited announced further expansion of its equipment finance footprint in the U.S., with the launch of Tandem Finance Inc. The new firm, based in Houston, TX, provides small and medium sized businesses of all credit profiles with...
Read Story
March 20, 2019, 07:24 AM
|
Chesswood Group Limited announced its largest subsidiary, Pawnee Leasing Corporation, has closed a $250 million warehouse facility specifically to fund Pawnee’s growing prime portfolio.The warehouse facility will hold Pawnee’s prime receivables...
Read Story
August 20, 2018, 07:25 AM
|