Encina Lender Finance, LLC announced it has closed a $30 million senior credit facility for a small-ticket equipment finance platform. The borrower will use this facility to originate new equipment leases.
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April 12, 2024, 07:18 AM
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Ares Management Corporation announced that funds managed by its Alternative Credit strategy (“Ares Alternative Credit”) have launched Ansley Park Capital (“Ansley Park”), a newly-formed lending and specialty finance company that delivers full...
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March 04, 2024, 07:25 AM
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Trinity Capital Inc. announced the commitment of $20 million in equipment financing to Formlogic, a provider of autonomous precision manufacturing services intended for space companies.Formlogic is changing how precision parts are sourced and...
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February 08, 2024, 07:22 AM
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In Q4 of 2023, Loeb funded $13.8 million in machinery and equipment term loans in diverse industries. Simply by extracting working capital from their existing M&E, these three companies will continue to move forward without a hitch.Because of Loeb's...
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January 29, 2024, 07:15 AM
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Peapack-Gladstone Financial Corporation and Peapack-Gladstone Bank announce the appointment of Rich Johnston as President, Peapack Capital, a subsidiary of the Bank, which focuses on equipment finance and leasing. He is now responsible for overseeing...
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January 12, 2024, 07:25 AM
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Priority One Financial Services, a full-service finance company for marine, RV and trailer and equipment dealers, recently added two secure technology platforms to its equipment finance division. A new upload tool enhances the dealer’s ability to...
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January 10, 2024, 07:00 AM
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Star Hill Financial, an independent equipment and franchise finance company, announced the appointments of Kimberly Howard and Robert Haynes to key sales positions within the organization.Haynes joins Star Hill as VP of Sales, bringing with him a...
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January 04, 2024, 07:20 AM
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First Citizens Bank announced its Equipment Finance business has named Joy Shanks as Senior Vice President and Head of Business Development dedicated to supporting and growing equipment finance vendor acquisition business.Shanks will be responsible...
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December 18, 2023, 07:23 AM
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On the close of a year filled with economic recovery, fluctuation and uncertainty, Mitsubishi HC Capital America, the largest non-bank, non-captive finance provider in North America, is identifying five trends that are likely to play a significant...
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December 05, 2023, 07:20 AM
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Yieldstreet, a private markets investing platform, and Garrington Capital US Corp. (Garrington), a provider of capital solutions to small- and mid-sized enterprises in the United States and Canada, announce a new joint venture focused on...
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November 29, 2023, 07:23 AM
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RainStar Capital Group, a Michigan-based national debt advisory firm, announced it had promoted Managing Director Tom Kessel to the role of Team Leader of the Middle Market lending division.
RainStar Capital Group led by CEO Kurt Nederveld said, "We...
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November 29, 2023, 07:18 AM
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NFS Leasing Canada Ltd. (NFS) has extended its support to Flow Beverage Corp. by providing equipment financing for up to $11.4 million. This financing allows Flow to add a fourth production line and increase capacity for the Aurora production...
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November 17, 2023, 07:10 AM
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Solifi, a global fintech software partner for secured finance, announced the latest product releases for Solifi Originations ROS and Portfolio Management ILS for equipment finance. The new software releases bring significant new value to equipment...
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November 02, 2023, 07:25 AM
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Horizon Bank announced the formation of a new equipment finance division to be led by Joel Mikolich as the division President. The new division will provide business equipment financing solutions to small and medium sized businesses nationwide, while...
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October 31, 2023, 07:25 AM
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Old National Bancorp and CapStar Financial Holdings, Inc. jointly announced they have entered into a definitive merger agreement for Old National to acquire CapStar in an all-stock transaction. Combining the two organizations will strengthen Old...
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October 30, 2023, 07:20 AM
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Great American Insurance Group Specialty Equipment Division and TrustLayer announce the launch of a real-time tracking solution for the equipment finance industry. This enhances the API-driven coverage solutions that Great American Specialty...
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September 15, 2023, 07:18 AM
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Wells Fargo Commercial Banking, part of Wells Fargo & Company, announced Bobby Bans will lead Middle Market Asset-Based Lending (ABL) origination for the West region, which is part of the bank’s secured lending and leasing businesses. The Middle...
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September 12, 2023, 07:25 AM
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Servus Credit Union Ltd. announced the successful acquisition of Stride Capital Corp., a Calgary-based equipment financing and leasing provider. This move represents Servus's next step in reimagining its credit union business in response to the...
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June 05, 2023, 07:02 AM
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Nicolas “Nick” Goehring has joined Associated Bank as Senior Vice President and Portfolio Manager Lead, Corporate Banking. He is responsible for the administration and risk management of client relationships, as well as the credit risk and quality of...
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May 11, 2023, 07:22 AM
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HomeTrust Bancshares, Inc., the holding company of HomeTrust Bank, announced John F. Sprink II has assumed the position of Executive Vice President of Commercial Banking. In his new role, Sprink will have primary responsibility for leading and...
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May 10, 2023, 07:20 AM
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First Federal Bank announced the initiation of a Corporate Equipment Financing line of business, as the most recent addition to the Capital Solutions division. An elite team has been engaged to specialize in multimillion-dollar equipment financing....
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April 11, 2023, 07:23 AM
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Webster Bank announced two members of its executive management team have been promoted.Luis Massiani has been promoted to Senior Executive Vice President and appointed President of Webster Bank. He continues in his role as Chief Operating Officer, a...
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April 06, 2023, 07:20 AM
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Republic Bancorp, Inc., the parent company of Republic Bank & Trust Company, announced the Bank has completed its previously announced merger with CBank and CBank’s wholly owned subsidiary, Commercial Industrial Finance, Inc. (CIF), for approximately...
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March 16, 2023, 07:21 AM
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Truist Financial Corporation announced John Gregg will retire, and that Tom Hackett has been named Chairman and Chief Executive Officer of Truist Securities, Truist's full-service corporate and investment bank, effective March 31.Based in Atlanta, GA...
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March 14, 2023, 07:21 AM
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United Capital Funding Group LLC, a Florida-based factoring firm with offices in Tennessee provided a $3 million accounts receivable facility to a Tennessee-based commercial printing company in partnership with KLC Financial, a Minnesota-based...
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March 02, 2023, 07:08 AM
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Arvest Bank, a bank with more than $26 billion in assets, announced the launch of its first product running on cloud-native core banking technology provided by Thought Machine.The equipment finance lending product, which launched in October 2022, was...
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February 27, 2023, 07:10 AM
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Peapack-Gladstone Financial Corporation announced a new employee. Carrie R. Kittel joins Peapack Capital, a subsidiary of Peapack-Gladstone Bank as Vice President, Equipment Finance Operations Officer. With 19 years of experience across both consumer...
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February 16, 2023, 07:22 AM
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Fleet Advantage announced the results of its latest industry benchmarking survey where the company took the pulse of industry leaders on topics ranging from the use of alternate-fuel trucks; equipment finance trends; and strategies for environment...
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February 09, 2023, 07:15 AM
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Trinity Capital Inc., a provider of financial solutions to growth-stage companies, announced highlights for the quarter and year ended Dec. 31, 2022. Trinity finished 2022 with $239 million in new commitments in the fourth quarter, bringing total new...
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January 11, 2023, 07:18 AM
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Northteq, Inc., a leading provider of Salesforce loan origination solutions, along with FinWise Bank (FinWise), a subsidiary of FinWise Bancorp, announced the successful integration and launch of Northteq’s Aurora Loan Origination System (LOS) to...
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January 04, 2023, 07:23 AM
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Axiom Bank, N.A. has launched a new Commercial Finance Division headquartered in Dallas, TX. The new division will service businesses seeking asset based lending, factoring and equipment financing credit facilities ranging from $2 million and greater...
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December 14, 2022, 07:25 AM
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Grant Capital Management, Inc. announced a $460,000 equipment finance lease with the Revenue Authority of Prince George’s County.The company partnered with Passport, a Charlotte-based mobility software and payments company to provide financing for...
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December 12, 2022, 07:13 AM
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EDAP TMS SA, a global provider of robotic energy-based therapies, announced the Company has hired medical capital equipment finance industry veteran Ken Mobeck as Chief Financial Officer of EDAP Technomed Inc., the Company’s U.S. subsidiary. During...
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December 07, 2022, 07:05 AM
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Triumph Bancorp, Inc. announced the completion of an extensive rebranding effort, including a change of the company name to Triumph Financial, Inc. (the Company or Triumph Financial). The Company’s common stock now trades on NASDAQ under the ticker...
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December 05, 2022, 07:10 AM
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Accord Financial Corp., a U.S. and Canada independent commercial finance companies, announced a realignment plan to better support the organization’s continued growth among middle market businesses, uniting all U.S. commercial financing programs...
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November 18, 2022, 07:22 AM
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Cerebro Capital, a technology-enabled debt sourcing marketplace for companies in the middle market, recently facilitated the closing of $60 million in debt financings to several companies including:
$15 million asset-based line of credit for a...
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November 09, 2022, 07:05 AM
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Axis Auto Finance Inc., a fintech lender servicing the alternative auto finance market and commercial equipment finance market, announced it has renewed its $120 million senior secured credit facility that supports its auto finance business, while...
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November 04, 2022, 07:10 AM
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Signature Bank, a New York-based full-service commercial bank, announced expansion of its West Coast presence with the appointment of veteran banking professionals and the opening of a new private client banking office in Reno, NV.Signature Bank is...
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October 07, 2022, 07:17 AM
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Wheels Donlen, a fleet financing company backed by Apollo, announced the launch of a new equipment finance business that will be focused on providing dynamic funding solutions to the mid-market, large corporate and financial sponsor segments....
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September 22, 2022, 07:25 AM
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Pinnacle Financial Partners has expanded its equipment finance team with the hiring of veteran financial professional Adrienne Craver as a Credit Advisor, bringing 22 years of financial services experience to the role. She is based at Pinnacle’s...
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September 09, 2022, 07:22 AM
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Western Alliance Bank announced the promotions of several senior executives and the formation of a new Executive Leadership Team as part of the bank’s continuing commitment to align its management structure to support its industry-leading growth.“I...
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September 07, 2022, 07:22 AM
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Benetrends, the International Franchise Association’s (IFA) preferred vendor for ROBS rollover financing and a trusted franchise and small business funding leader for over 40 years, has been recognized as one of the top franchise suppliers in 2022 by...
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August 22, 2022, 07:02 AM
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Solifi, a global fintech software partner for secured finance, announced the launch of its software-as-a-service (SaaS)-based lease and loan pricing solution for the U.S. equipment and automotive finance industries. The SaaS version of Solifi’s...
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August 16, 2022, 07:23 AM
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Wells Fargo & Company announced Mary Katherine DuBose as the head of the bank’s Secured Lending Division that includes asset-based lending, equipment finance, supply chain finance and inventory finance. DuBose reports to Kyle Hranicky, Chief...
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July 21, 2022, 07:25 AM
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Channel announced the completion of its first equipment finance securitization, a $163 million issuance of asset-backed notes collateralized by a diverse portfolio of equipment receivables. This is the second securitization for Channel having...
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July 12, 2022, 07:23 AM
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Associated Bank is broadening its equipment finance vertical with new hires in Wisconsin, Illinois and Minnesota.Associated Bank announced in October 2021, the hire of Scott Dienes as Senior Vice President & Head of Equipment Finance and Leasing, to...
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July 08, 2022, 07:25 AM
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Pinnacle Financial Partners announced that veteran Asset Manager Art Doering has joined Pinnacle’s equipment finance team. Doering comes to Pinnacle with more than 30 years of proven valuation and asset/portfolio management experience in the capital...
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June 28, 2022, 07:00 AM
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Cohn & Dussi, LLC, a full-service, Boston-based law firm, announced it has joined the Massachusetts Bankers Association (MBA).For more than 25 years, Cohn & Dussi has represented business clients in practice areas that include collection on breach of...
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June 23, 2022, 07:16 AM
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TriState Capital Bank announced Tom Prendergast has joined the company as Vice President, Relationship Manager of the Equipment Finance team. In this role, Prendergast is responsible for new business development and market growth in the middle market...
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June 13, 2022, 07:20 AM
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BMO Financial Group announced a commercial banking office in Grand Rapids, MI, led by BMO's Michigan Managing Director James Hess. Located at 250 Monroe Ave., it is comprised of five commercial bankers focused on diversified industries, equipment...
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May 26, 2022, 07:20 AM
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Hedonova, an alternative assets hedge fund, is raising a strategic series A1 funding round of $18.4 million at a $330 million valuation from Chemie-Tech DMCC, a UAE based engineering and construction company. Chemie-Tech's investment will strengthen...
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May 24, 2022, 07:05 AM
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TimePayment, a fintech company and market leader in sales financing for specialty equipment sellers, has announced the acquisition of Wheaten Financial Inc., an innovative and rapidly growing equipment finance company primarily focused on commercial...
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May 10, 2022, 07:23 AM
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Star Hill Financial LLC, a certified Women Business Enterprise based in Fairfield, CT, announced first quarter fundings totaling over $26 million across its Equipment Finance and Franchise Finance divisions. “After building out our team and processes...
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April 11, 2022, 07:22 AM
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J.P. Morgan Commercial Banking has named Linda Redding its new Head of Equipment Finance and announced expanded responsibilities for Mac Fowle as its Head of Capital Finance Solutions. Redding will lead a team responsible for helping overseeing...
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April 04, 2022, 07:25 AM
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Med One Group has been established as a vendor within Partners Cooperative, Inc. to further provide hospitals in the Southeastern United States with needed medical equipment rental services.Med One Group, an industry leader in medical equipment...
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March 31, 2022, 07:15 AM
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Regions Bank announced it has hired Dave Strickert to lead Corporate Credit Products, part of Regions’ Credit Products Group within Corporate Banking.Strickert joins Regions after a 30-plus-year career at Bank of America, where he most recently...
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March 16, 2022, 07:23 AM
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Great Rock Capital announced Jonathan Katz has joined the firm as Managing Director of Originations. Katz will be based in Toronto and is responsible for the continued expansion of the firm’s origination efforts across Canada.“We are excited to...
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March 02, 2022, 07:06 AM
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Bitfarms, a global Bitcoin self-mining company, entered into a $32 million equipment financing agreement.“This equipment financing agreement provides another source of non-dilutive capital, enabling us to finance equipment from our established mining...
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February 28, 2022, 07:07 AM
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True North Equity Partners CEO Brian Slipka announced Super Bowl Champion Ben Utecht has joined the organization as Chief Culture Officer. Honour Capital is among the North Equity Partners companies. Utecht is a business owner, speaker, author...
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February 14, 2022, 07:23 AM
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TriState Capital Holdings, Inc. announced Matthew Lang has joined the company as Vice President, Relationship Manager of Equipment Finance for TriState Capital Bank. In this role, Lang is responsible for new business development and market growth in...
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February 04, 2022, 07:19 AM
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Wingspire Capital achieved a milestone of exceeding $1 billion in commitments in just its second year of operations as it provided more than $600 million in senior secured financing commitments for 2021.Wingspire’s 2021 transactions ranged in size...
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January 26, 2022, 07:09 AM
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Mars Bank added Jeremy M. Bloom to its commercial banking team as Vice President, Commercial Banking. Bloom has extensive experience in equipment financing and leasing, most recently serving as Managing Director at Maxus Capital Group. He will work...
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January 24, 2022, 07:18 AM
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BMO Financial Group has expanded its commercial banking operations in Florida, announcing new leaders in South Florida, West Florida and Central/North Florida regions. The Florida commercial banking team will continue to be overseen by Marty McAndrew...
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January 10, 2022, 07:20 AM
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First National Bank announced Josh Manternach has joined First National Bank’s Osceola Main branch in Iowa, where he will be serving as an agricultural and commercial lender.Manternach has an extensive agricultural background in sales, service...
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November 11, 2021, 07:10 AM
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Channel CEO Brad Peterson, announced the company continues to expand its staff in various roles and office locations, adding three new hires including the following individuals:
Carl Frasse, Vice President of Business Development, East Region
Lee...
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November 09, 2021, 07:23 AM
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Cadence Bank announced the successful closing of its previously announced merger in which legacy Cadence Bancorporation merged into BancorpSouth Bank, with BancorpSouth as the surviving company. Upon the completion of the merger, BancorpSouth was...
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November 01, 2021, 07:22 AM
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After another excellent year during the pandemic of 2020, First Foundation Bank Equipment Finance Department has made additions, upgrades and promotions. All will play a major role in supporting and assuring its continued growth. Ryan Gilbert has...
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November 01, 2021, 07:18 AM
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Bank OZK has hired Jim Lyons as Managing Director, Equipment Finance and Capital Solutions Group. Lyons will launch the new group, providing a full array of equipment-oriented collateral products, including equipment finance and lease...
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October 26, 2021, 07:24 AM
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Raymond James Financial, Inc. and TriState Capital Holdings, Inc. have entered into a definitive agreement under which Raymond James will acquire TriState Capital in a combination cash and stock transaction, valued at approximately $1.1 billion....
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October 21, 2021, 07:22 AM
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HSBC Bank Canada announced the launch of five new sustainable finance tools for commercial and global banking clients. Available to Canadian businesses of all sizes, Green Deposits, Green Trade Finance, Green Revolving Credit Facilities...
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September 28, 2021, 07:20 AM
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Pinnacle Financial Partners announced the hiring of three veteran financial advisors to spearhead an equipment finance effort with a nationwide scope. Kris Foster has joined the firm to lead the equipment finance initiative, with Greg Pinchback and...
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September 22, 2021, 07:25 AM
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Associated Banc-Corp announced plans for the expansion of its lending capabilities, growth of its core businesses and transformation of its digital strategy. These plans include new higher-margin lending verticals and digital investments which are...
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September 10, 2021, 07:25 AM
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Crayhill Capital Management, a New York-based, minority-owned private credit manager focused on asset-based investments, announced the final close of Crayhill Principal Strategies Fund II with approximately $820 million of capital commitments....
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September 09, 2021, 07:04 AM
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Texas Capital Bancshares, Inc., the parent company of Texas Capital Bank, announced Daniel S. Hoverman has been appointed as Executive Vice President of Texas Capital Bank and Managing Partner and President of TCBI Securities, Inc.In this newly...
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September 02, 2021, 07:19 AM
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Nate Gilkey recently joined the Center National Bank team as Vice President of Commercial Lending and will be based in the new Chaska, MN. Gilkey started his banking career with KleinBank in Montevideo while attending college at the University of...
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September 01, 2021, 07:15 AM
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Simmons Bank, a wholly owned subsidiary of Simmons First National Corporation, announced the addition of an experienced 11-member commercial finance team led by industry veterans Lee Palm, Brian Shapiro and Phil Mulder.Palm will lead the group as...
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August 11, 2021, 07:25 AM
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CVB Financial Corp., the holding company for Citizens Business Bank, and Suncrest Bank announced they have entered into an agreement and plan of reorganization and merger, pursuant to which Suncrest will merge with and into Citizens in a stock and...
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July 28, 2021, 07:22 AM
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Brookline Bancorp, Inc. President and CEO Paul Perrault announced the company’s Board of Directors has approved key changes to the company’s organizational structure. Perrault will add the role of Chairman, replacing Joseph Slotnik, who served as...
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June 15, 2021, 07:20 AM
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Axis Auto Finance Inc., a fintech lender servicing the alternative auto finance market, announced its wholly owned subsidiary, Pivotal Capital Corp. has secured a funding facility with a Canadian Schedule 1 Bank. Pivotal is an independent Canadian...
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June 15, 2021, 07:10 AM
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IDS, a leader in enterprise mission-critical solutions for secured finance, has agreed to acquire White Clarke Group, a provider of retail, fleet, wholesale and asset finance solutions for the automotive and equipment finance markets. The two...
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April 07, 2021, 07:15 AM
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Signature Financial LLC, the wholly owned specialty finance subsidiary of New York-based Signature Bank, announced the appointment of seven equipment finance Executive Sales Officers (ESOs), bringing the total to 33 throughout the country. The...
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April 06, 2021, 07:25 AM
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Avtech Capital, LLC announced the completion of a new credit facility with Capital One, N.A. The facility was established to provide additional liquidity to support the Avtech Capital’s growth strategies and diversify its funding model."This new...
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April 02, 2021, 07:08 AM
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Stearns Bank N.A. is well-positioned for expansion, adding three seasoned executives to explore new opportunities. Stearns Bank hired Al Doering as Chief M&A Officer, a newly created executive level role. Doering previously worked with Stearns Bank...
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March 12, 2021, 07:25 AM
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What a difference a year can make. COVID-19’s toll on humanity has been staggering and its economic impact profound. A year ago, few could foresee how the virus would become a lingering pandemic, changing business risks and opportunities while...
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January 25, 2021, 07:00 AM
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SouthState Bank announced the addition of a Jacksonville, FL.-based Middle Market Banking team, as well as the expansion of its Commercial Banking talent across the company's six-state footprint."The SouthState and CenterState Bank merger of equals...
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December 24, 2020, 07:20 AM
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TAB Bank announced it has provided a $1 million asset-based credit facility for a transportation company located in Michigan. The facility is based on a multi-year agreement and will provide for the company’s ongoing working capital needs. In...
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December 08, 2020, 07:10 AM
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TAB Bank announced it has opened a Small Ticket Accounts Receivable (STAR) Financing office in Plano, TX. The new office has a team of 22 commercial finance professionals and will underwrite and manage credit facilities under $1 million....
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November 10, 2020, 07:00 AM
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Investors Bank’s Commercial Banking Group announced the addition of five senior-level executives who will focus on building relationships and originating loans with middle market companies throughout the region. Investors’ expanded commercial banking...
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July 22, 2020, 07:25 AM
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PDS Gaming, a worldwide provider of gaming equipment and financial solutions to the gaming industry, announced that Bob Woods has joined the firm as its new CEO. Woods has been closely involved with PDS Gaming for the past 15 years as a funding...
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July 09, 2020, 07:19 AM
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Todd Shutley has joined Ameris Bank as Executive Vice President and Chief Specialty Banking Officer.Shutley will be responsible for the bank’s Specialty Banking Division, which includes the bank’s premium finance and insurance, correspondent and...
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July 02, 2020, 07:20 AM
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Flagstar Bank has named Reginald Davis President of Banking. Davis is a 35-year veteran of the banking industry who most recently served as head of business banking, including small business, at SunTrust, now Truist. At Flagstar, he will be...
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June 10, 2020, 07:12 AM
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NFS Leasing, Inc. and start-up plastic recycling company, Pike Plastics Recycling, LLC, have established an equipment finance partnership that allows the startup to launch operations with necessary recycling equipment.Pike Plastics was established in...
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May 12, 2020, 07:15 AM
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Cannabis financial technology firm Abaca has added Vince Laborde, Sean Russell and Mara Williams to its team. Abaca, based in North Little Rock, AR, enables traditional banking services for the majority of the legal Arkansas cannabis industry, as...
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April 28, 2020, 07:10 AM
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ELFA President and CEO Ralph Petta submitted a letter on March 28 to the U.S. Small Business Administration requesting that equipment finance companies be eligible to participate in the new Paycheck Protection Program under the CARES Act.The Paycheck...
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March 31, 2020, 07:12 AM
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NFS Leasing, Inc. and Gro-Well Brands have reached an agreement to expand their equipment financing relationship. NFS Leasing has financed over $1.1 MM of manufacturing equipment for Gro-Well’s production of natural and organic products. Inspired by...
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March 31, 2020, 07:05 AM
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Manhattan District Attorney Cyrus R. Vance, Jr., announced the guilty pleas of Etienne Uzac, former Co-Owner and Chairman of IBT Media, Inc. (IBT) a/k/a Newsweek Media Group, and William Anderson, former CEO of Christian Media Corporation (CMC) and...
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February 18, 2020, 07:22 AM
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Peapack-Gladstone Financial Corporation and Peapack-Gladstone Bank announced Peapack Capital, the equipment leasing subsidiary of Peapack-Gladstone Bank, funded equipment finance transactions totaling $305 million for commercial and corporate clients...
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February 11, 2020, 07:30 AM
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Trinity Capital Inc., a specialty lending company that provides debt and equipment lease financing to growth stage companies backed by technology banks, venture capital and private equity firms, announced the closing of $250 million, in aggregate, of...
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February 07, 2020, 07:15 AM
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Gordon Brothers, the global advisory, restructuring and investment firm, announced the expansion of Managing Director Rick Wilichowski’s role to include oversight of the Valuations Division’s Equipment Finance, Asset Management and Mobile Modular...
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January 30, 2020, 07:29 AM
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NCMIC Group, Inc. announced the promotion of Tony Dickinson to President of NCMIC Finance Corporation/Professional Solutions Financial Services (NFC).Dickinson joined NFC in July 2017 and most recently served as Chief Operating Officer of NFC. Prior...
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January 07, 2020, 07:15 AM
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HomeTrust Bancshares, Inc., the holding company of HomeTrust Bank, announced the sale of approximately $160 million of one-to-four family loans previously reported as held for sale as of Sept. 30. This sale generated a gain of approximately $1.3...
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December 27, 2019, 07:00 AM
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Webster Bank announced Sam Hanna has been promoted to Executive Vice President, Middle Market Banking reporting to Chris Motl, Executive Vice President, Head of Commercial Banking.In this capacity, Hanna will continue to lead the bank’s regional...
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December 02, 2019, 07:28 AM
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BancorpSouth Bank announced Whit Ross has been promoted in the BancorpSouth Equipment Finance and Leasing division, which provides equipment financing for commercial markets and municipalities across the Southeast and parts of the Midwest. Ross will...
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November 01, 2019, 07:22 AM
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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...
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October 17, 2019, 07:30 AM
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Sterling Bancorp announced its principal subsidiary, Sterling National Bank, has entered into a definitive agreement to acquire a portfolio of middle market commercial equipment finance loans and leases from Santander Bank, N. A.As of Sept. 30, the...
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October 08, 2019, 07:30 AM
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Washington Federal, Inc., parent company of Washington Federal Bank, National Association (WaFd Bank), announced the next phase of its management succession plan with the appointment of Ryan Mauer as Senior Vice President and Chief Credit Officer and...
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October 03, 2019, 07:20 AM
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Pioneer Capital Group announced a major expansion of its capacity to provide financing solutions for small to mid-sized businesses (SMBs). The company has added staff, relocated to the historic Ponce City Market in Atlanta, and expanded its customer...
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August 29, 2019, 07:10 AM
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TriGrow Systems announced the launch of TriGrow Capital, a division that will help leading operators finance the growth of their businesses through both capital and technology resources. The new venture aims to solve some of the funding and growth...
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July 19, 2019, 07:30 AM
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Katahdin Trust announced Blake Hamel has joined Maine Financial Group (MFG) as a Commercial Services Officer. MFG, an affiliate of Katahdin Trust, specializes in equipment financing, offering flexible programs for new and used equipment purchases...
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July 19, 2019, 07:10 AM
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Balboa Capital announced with great sadness that John (Jack) Hirsh, one of its longest tenured sales and business development managers in its commercial vehicle dealer division, suddenly passed away July 8 in Cincinnati, OH."It is with a heavy heart...
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July 11, 2019, 07:20 AM
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Automated business financing company FaaStrak has announced a new division of the company —FaaSfunds, focused on alternative financial products for businesses —and an updated version of its flagship technology platform.FaaSfunds, an alternative...
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June 10, 2019, 07:12 AM
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BitX Funding and Pelagic Capital are pooling resources to expand their offerings for business financing with combined decades of experience, strong alliances and an exceptional range of lenders. United in their objective to broker the ideal match for...
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May 29, 2019, 07:20 AM
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Dedicated Funding NY (DFNY) announced a newly formed partnership with Dedicated Funding, an equipment finance company that provides quick and simple financing solutions for titled equipment to businesses nationwide.Dedicated Funding NY will provide...
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March 22, 2019, 07:24 AM
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Pitney Bowes Inc. announced Wheeler Financial, from Pitney Bowes, a new subsidiary of the Pitney Bowes Bank, Inc. This new subsidiary will help clients purchase new equipment and services critical to the industries in which they operate with loans...
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March 20, 2019, 07:23 AM
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Xerox Corp. is exploring a possible "strategic transaction" for its customer financing business. Its financing-related debt amounts to $3.4 billion of Xerox’s total debt of $5.2 billion, as of Dec. 31, 2018. The company said 4 percent of its $7.6...
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March 19, 2019, 07:30 AM
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Turner Valley Oil and Gas, Inc. (TVOG) announced it has completed an agreement to acquire infrastructure-focused financial services firm, Ark Capital Holdings, LLC.Ark is expanding its business with a concentrated focus in infrastructure that...
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March 11, 2019, 07:00 AM
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The Commercial Finance Association Education Foundation, soon to become the Secured Finance Foundation, announced the findings of a comprehensive study of the scope and impact of the secured commercial finance market in the U.S. The 2019 Secured...
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March 08, 2019, 07:10 AM
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The annual White Clarke Group – Global Leasing Report, which is produced in association with the World Leasing Yearbook, is the definitive guide to the world’s top 50 leasing markets. Marking its 40th anniversary this year, the report is the leading...
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March 06, 2019, 07:07 AM
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Arboretum Group, LLC announced the opening of a new headquarters of Arboretum Commercial Finance, LLC in Atlanta, as well as the hiring of Robert "Chip" Leas to serve as the chief executive officer of Arboretum Commercial Finance. Based in Portsmouth...
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February 20, 2019, 07:25 AM
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Ivory Consulting Corporation announced the release of its new Asset Management Solution (AMS) that was built in conjunction with the asset management department of a leading bank’s equipment finance division.AMS is the equipment finance industry’s...
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February 20, 2019, 07:10 AM
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SQN Capital Management, LLC, the New York- and London-based asset finance fund specialist, confirmed it funded over a quarter-billion dollars of unlevered new business across its investment fund platforms in 2018.During 2018, SQN successfully closed...
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February 20, 2019, 07:00 AM
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Commercial Credit, Inc., an equipment and accounts receivable finance company and the parent company of Commercial Credit Group Inc. and Commercial Funding Inc., has partnered with BDT Capital Partners, a merchant bank that provides family- and...
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February 12, 2019, 07:25 AM
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Watts-Mueller announced new flexible financing options for its automated CNC Pipe Cutting Machines through Partners Capital Group."These new financing options will open opportunities for many companies and help them get a machine online faster," said...
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January 31, 2019, 07:10 AM
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Priority One Financial Services, Inc. announced it has Kristopher Dobrowski and Mark Schiller to its equipment finance division. Dobrowski joined Priority One in 2010 and recently moved into the equipment finance division as a commercial finance...
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January 21, 2019, 07:25 AM
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Sharc International Systems Inc. announced a strategic financing relationship with Partners Capital Group Inc. as an equipment finance partner for direct lender of equipment loans and leases.Partners Capital Group has funded over 10,000 transactions...
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January 16, 2019, 07:05 AM
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Laundrylux, based in New York, announced its acquisition of the assets of Golden State Laundry Systems, California.Laundrylux is the largest integrated independent distributor of professional laundry equipment in the world, with 65 years of...
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January 14, 2019, 07:00 AM
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Sentry Financial, an independent equipment leasing company, hired Doug Slagle as Vice President of Equipment Finance. In this role, Slagle will be responsible for originating and managing strategic OEM and vendor finance programs.“Sentry has a...
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January 07, 2019, 07:25 AM
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Charles K. Patterson, president at Southeastern Equipment Co., Inc., in Cambridge, Ohio, announced he was retiring after 46 years with the company. Over his tenure, Patterson held a variety of positions, including Sales Representative, Branch Manager...
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January 02, 2019, 07:05 AM
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JLG Industries, Inc., an Oshkosh Corporation company and a leading global manufacturer of aerial work platforms and telehandlers, announced the launch of a new full-service retail lending program from JLG Financial. The new program offers 100 percent...
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November 07, 2018, 07:20 AM
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Lending technology firm White Clarke Group announced its acquisition of equipment finance software provider Insyston.Founded in 1998, Insyston is an end-to-end asset finance software provider based in Sydney, Australia. Insyston moved its asset...
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November 02, 2018, 07:15 AM
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Dynamark Monitoring has partnered with some of the largest home improvement financing companies in the nation to provide dealers a consumer equipment financing option for their customers. The goal is to help dealers expand their business while...
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October 29, 2018, 07:10 AM
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Charlotte, NC-based equipment and accounts receivable finance company, Commercial Credit, Inc., parent company of Commercial Credit Group Inc. and Commercial Funding Inc., has made the Business North Carolina Mid-Market Fast 40 List for the seventh...
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October 17, 2018, 06:50 AM
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The Investors Bank Equipment Finance (IBEF) group recently appointed two senior leaders: a senior business development officer and an asset management professional. Expanding its leadership team, the group continues to pursue a growth strategy that...
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October 16, 2018, 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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Signature Bank announced the appointment of several professionals joining both its Asset-based Lending (ABL) Group as well as its wholly owned subsidiary, Signature Financial LLC.Three professionals were named to the ABL Group, which is led by Group...
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October 10, 2018, 07:28 AM
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Celadon Group, Inc. announced it has entered into an agreement to sell its approximately 49.9 percent equity interest in 19th Capital Group, LLC to an affiliate of Element Fleet Management for nominal value. The sale is expected to close during the...
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October 04, 2018, 07:26 AM
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Four equipment finance industry veterans have joined Citizens Asset Finance, Inc. to add expertise and additional coverage from New Jersey to Minnesota.Stan Walker joins Citizens as a Senior Vice President and Managing Director, managing the sales...
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October 01, 2018, 07:25 AM
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First Business Financial Services, Inc. announced Jerry Smith will retire from its board of directors on Oct. 26. The board has elected Gerald (Jerry) Kilcoyne as Chair effective Oct. 26. To facilitate this Chair transition, Smith will be entering...
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August 20, 2018, 07:07 AM
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Wesleyan Bank, a specialist provider of commercial finance solutions and part of Wesleyan Group, announced a new growth initiative by entering the wholesale finance market with small ticket, finance house D&D Leasing.D&D Leasing is an 18-year-old...
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August 20, 2018, 07:06 AM
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LeaseQ announced its online marketplace for equipment financing is now available on AutoQuotes, a technology company for the foodservice equipment and supplies (FES) industry. Organizations using AutoQuotes gain access to LeaseQ’s instant quotes and...
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August 15, 2018, 07:10 AM
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Central Federal Corporation (CFBK) and its wholly owned banking subsidiary, CFBank, N.A. announced David A. Jackson has joined CFBank as its SW Ohio (Greater Cincinnati) Market President. Jackson is a seasoned Corporate Banker, having previously held...
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July 23, 2018, 07:18 AM
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Crestmont Capital, LLC announced its unaudited funding results for the second quarter 2018.The company achieved originations of approximately $45 million, which represents the highest second-quarter revenue in the company’s history and an increase of...
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July 23, 2018, 06:55 AM
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Stonebriar Commercial Finance announced the closing of a new $500 million revolving credit facility. The facility will provide Stonebriar with committed, multi-year funding for each of its four business platforms: General Equipment, Rail Leasing...
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June 26, 2018, 07:30 AM
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LeaseQ announced the launch of automated “smart” notifications for all LeaseQ platform users. The integrated alerts system is the first in the equipment finance industry to track all applications in real-time through the multi-step funding...
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June 26, 2018, 07:05 AM
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Global hospitality technology provider Exceptional Innovation (EI) has secured a $75 million capital investment for the business. It will use this equity investment to pay off acquisition debt and provide on-going operating capital.In addition to the...
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June 19, 2018, 07:22 AM
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HomeTrust Bank announced the appointment of Steve Fleming to Vice President/Equipment Finance Regional Sales Manager. Jeff Kale, Director of Equipment Finance for HomeTrust, said, “Steve will be responsible for cultivating new business in the...
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June 07, 2018, 07:15 AM
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LeaseQ, an online marketplace for equipment financing, and SEFA, LLC, a nationwide network of supply and equipment dealers and manufacturers, announced a partnership to bring financing automation to SEFA members. The LeaseQ platform allows SEFA...
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June 05, 2018, 07:20 AM
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Nelly Sanchez has joined First Foundation Bank as a Loan Operations Assistant in the Equipment Finance Department. While servicing the equipment finance and leasing needs of the bank’s customers and prospects, the primary growth engine for this...
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May 22, 2018, 07:00 AM
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CIT Group Inc. announced its Capital Equipment Finance unit, part of CIT's Business Capital division, has added two new business leaders to enhance its direct origination capabilities and support business growth."With these appointments, we continue...
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May 02, 2018, 07:20 AM
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Cobra Leasing announced it is adopting a new name, Providence Equipment Finance (PEF), a Division of Providence Bank & Trust. Providence Bank & Trust in 2016 closed on an asset purchase agreement in which the bank acquired substantially all of the...
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April 30, 2018, 07:30 AM
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Equipment finance companies must be prepared to work with a new generation of employees that is very different from millennials, according to a new report, “2018 Industry Future Council: Preparing for Radical Customer and Employee Change Between Now...
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April 18, 2018, 07:16 AM
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ENGS Commercial Finance Co. has closed a $225.4 million equipment securitization through ENGS Commercial Finance Trust 2018-1.This is ENGS’ third securitization transaction since 2015, collateralized by a segregated pool of commercial loan contracts...
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March 27, 2018, 07:20 AM
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First Foundation Inc. announced Garrett Reetz was promoted to Assistant Vice President, Credit Manager in the bank’s Equipment Finance department.First Foundation Inc., a financial services company with two wholly owned operating subsidiaries, First...
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March 21, 2018, 06:55 AM
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Santander Bank N.A. announced it has closed a $38.5 million senior secured equipment and revolving line of credit with Cold Carriers, a refrigerated transportation company, to support its growing equipment and working capital needs. “At Santander, we...
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March 20, 2018, 07:25 AM
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North Mill Capital LLC, a wholly owned subsidiary of Solar Senior Capital Ltd., has provided a $12.9 million of Total Credit Facility to Devault Packing Company Inc.The funding was comprised of a $10 million asset-based lending credit facility, which...
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March 16, 2018, 07:20 AM
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Charlene’s Waste Services LLC’s successful financing relationship with Beacon Funding enabled them to expand their service area and enter new markets. With 84 financed porta-potties and two financed portable toilet trucks, the startup’s future looks...
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March 15, 2018, 07:10 AM
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36th Street Capital Partners LLC, an independent provider of alternative funding solutions for the equipment financing industry, announced the appointment of Marci Slagle as Vice President of Originations effective immediately.The addition of Slagle...
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March 12, 2018, 07:30 AM
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North Mill Equipment Finance,announced the promotion of three of its senior executives.Josh Rothman has been promoted to Executive Vice President and Chief Information Officer. He is responsible for spearheading North Mill’s data analytics solutions...
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April 16, 2015, 07:24 AM
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The Equipment Leasing & Finance Foundation (the Foundation) releases the October 2014 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI) today. Designed to collect leadership data, the index reports a qualitative assessment of both...
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October 20, 2014, 07:11 AM
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The Philadelphia Inquirer reported Joseph M. Braas, the former CEO of Equipment Finance Inc., was sentenced Tuesday, September 11, 2012 in Philadelphia to 15 years in federal prison for a wide-ranging fraud that brought down the Bank of Lancaster in...
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September 12, 2012, 06:57 AM
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The Equipment Leasing & Finance Foundation (the Foundation) released the August 2012 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI) today. Designed to collect leadership data, the index reports a qualitative assessment of both...
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August 21, 2012, 08:00 AM
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The Equipment Leasing & Finance Foundation (the Foundation) releases the June 2012 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI) today. Designed to collect leadership data, the index reports a qualitative assessment of both...
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June 22, 2012, 08:00 AM
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The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25), which reports economic activity for the $628 billion equipment finance sector, showed overall new business volume for April was $6.1 billion, up 20...
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May 23, 2012, 08:00 AM
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Equipment Finance Advisor is pleased to announce the launch of the official mobile app of Equipment Finance Advisor, EquipmentFA.com Mobile – the first true and full-featured mobile application for the equipment finance industry.
Designed to provide...
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April 26, 2012, 08:00 AM
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The Equipment Leasing & Finance Foundation (the Foundation) releases the April 2012 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI) today. Designed to collect leadership data, the index reports a qualitative assessment of both...
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April 20, 2012, 08:00 AM
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Signature Bank, a New York-based full-service commercial bank, announced today that it has formed a new subsidiary, Signature Financial, LLC, marking the Bank’s entry into the specialty financing arena. Concurrently, the Bank appointed a major middle...
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April 04, 2012, 07:30 AM
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The Equipment Leasing & Finance Foundation (the Foundation) releases the March 2012 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI) today. Designed to collect leadership data, the index reports a qualitative assessment of both...
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March 23, 2012, 08:30 AM
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Webster Bank, a leading regional bank, today announced the targeted expansion of Webster Capital Finance Inc., with the addition of three well-known veteran lenders in the transportation, construction and manufacturing finance arena. Timothy S....
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March 20, 2012, 06:30 AM
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TD Bank has named Greg Braca as Head of U.S. Corporate and Specialty Banking, reporting to TD Bank President and CEO Bharat Masrani.Braca assumes his new role after serving as Regional President for TD Bank's Metro New York market and Head of...
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March 08, 2012, 06:15 AM
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CapitalSource announced financial results for the fourth quarter and the full year 2011. The Company reported net income for the quarter of $9 million, compared to net loss of $81 million in the prior quarter and net income of $6 million in the...
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February 17, 2012, 07:00 AM
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