The Equipment Leasing & Finance Foundation released the April 2021 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI). The index reports a qualitative assessment of both the prevailing business conditions and expectations for the...
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April 22, 2021, 07:24 AM
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The Equipment Leasing & Finance Foundation released the March 2021 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI). The index reports a qualitative assessment of both the prevailing business conditions and expectations for the...
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March 18, 2021, 07:25 AM
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The Equipment Leasing & Finance Foundation (the Foundation) released the December 2020 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI). The index reports a qualitative assessment of both the prevailing business conditions and...
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December 17, 2020, 07:25 AM
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Santander Bank announced it has expanded the Commercial Banking Equipment Finance and Leasing business with the addition of four industry experts to the team. The new hires report to Vincent Belcastro, head of Equipment Financing and Leasing, and...
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October 15, 2018, 07:30 AM
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Santander Bank announced its Equipment Finance group closed a $72.25 million equipment line of credit with Android Industries LLC in the U.S. Android will use the financing to further expand its operations by refinancing $40 million of its existing...
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March 05, 2018, 07:20 AM
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Santander Bank, N.A. today announced that Vincent Belcastro has been appointed as the group head of equipment finance. He will be responsible for growing the team and business focused on financing activities for equipment lending, leasing, and...
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March 19, 2015, 09:00 AM
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The uncertainty surrounding the federal budget last year resulted in a delay in hiring and large capital equipment purchases among many middle market companies, according to Vince Belcastro, Managing Director and Group Head of CIT Capital Equipment...
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February 19, 2014, 06:58 AM
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GB Credit Partners, the investment management affiliate of Gordon Brothers Group, announced that they have provided a $15 million second lien equipment term loan to Dana Transport, Inc. Dana Transport, Inc. is an industry leading chemical and fuel...
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May 23, 2013, 07:05 AM
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CIT Group announced that it arranged a $50 million senior secured term loan to Avenel, NJ-based Dana Transport, one of the transport industry’s leading carriers and servicing companies. CIT Capital Equipment Finance served as Lead Arranger, Sole Book...
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February 05, 2013, 07:15 AM
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CIT Group announced that it has provided an equipment based revolving line of credit to BAUER-Pileco, Inc., a U.S. subsidiary of BAUER Aktiengesellschaft (BAUER AG). Financing was provided by CIT Bank, the U.S. commercial bank subsidiary of CIT. ...
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January 17, 2013, 07:25 AM
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Outlook is Positive for Equipment AcquisitionsMore than three-quarters of U.S. middle market executives said their companies will make at least one capital goods acquisition of significant value over the next six to 18 months, according to Vince...
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August 02, 2012, 07:33 AM
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Despite continued economic uncertainty, more than four out of five (82%) middle market executives have made at least one capital goods acquisition of significant value in the past year, and more than three-quarters (78%) say they plan to make one...
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June 27, 2012, 08:20 AM
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With the equipment financing industry forecasted to grow 9% through 2012, now may be the time for companies to consider replacing outdated equipment. This topic is one of many discussed in CIT’s "2012 U.S. Equipment Financing Outlook,"...
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February 28, 2012, 08:00 AM
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