CIT Bank, the U.S. commercial bank subsidiary of CIT Group Inc. announced that it has completed its acquisition of Portsmouth, New Hampshire-based Direct Capital Corporation, a provider of financing to small and mid-sized businesses. “We are very...
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August 05, 2014, 07:00 AM
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CIT Bank, the U.S. commercial bank subsidiary of CIT Group Inc. entered into an agreement to acquire Portsmouth, New Hampshire-based Direct Capital Corporation, a provider of financing to small and mid-sized businesses. The transaction will expand...
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June 25, 2014, 07:00 AM
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The first quarter of 2014 ended on an upbeat note in the small business economy as March lending activity posted 21 percent growth according to the Small Business Lending Index released by Direct Capital, a leading national small business lender. In...
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April 10, 2014, 06:30 AM
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Unusually harsh winter weather didn't slow small business growth in February as demand for lending and financing increased 9.7 percent over January, according to the Small Business Lending Index released by Direct Capital, a leading national small...
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March 12, 2014, 06:55 AM
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Rather than taking a break after the busy holiday retail season, small businesses continued to expand through January 2014, according to the Small Business Lending Index released by Direct Capital. Direct Capital’s January 2014 index showed a 2.3%...
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February 12, 2014, 07:06 AM
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Strong December ’13 results cap off a year of steadily growing demand for financing. The small business economy finished 2013 on a high note and shows clear signs of making further gains in 2014, according to the Small Business Lending Index released...
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January 23, 2014, 06:48 AM
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Small business owners are seeking loans at a feverish pace in hopes to seize growth opportunities as the 2013 holiday season kicks off, according to the October Small Business Lending Demand Index released by Direct Capital, a leading national small...
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November 14, 2013, 07:14 AM
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Direct Capital and Laser Photonics announced a newly established strategic partnership enabling Laser Photonics customers to quickly and cost-effectively acquire the equipment they need to grow and expand. "Laser Photonics is the largest fiber laser...
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October 25, 2013, 06:51 AM
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According to the monthly Small Business Lending Index released by Direct Capital, after a lull in July and August, demand for small business lending roared back in September. Direct Capital’s Index showed a 12% increase in lending demand in September...
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October 17, 2013, 06:32 AM
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Vendor lending demand is on the rise in 2013, according to a new infographic released by Direct Capital. The surge in vendor lending, namely the impressive 23.2% increase over June 2012, is likely bolstered by the still-improving economy. This seems...
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August 20, 2013, 06:32 AM
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Small business lending demand decreased 14% in July, according to Direct Capital. The dip in demand was predictable, as many business owners traditionally choose July for summer vacations. “July has always been the slowest month of the year in terms...
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August 14, 2013, 06:41 AM
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Small business lending demand increased in the second quarter of 2013, according to Direct Capital, a leading provider of equipment leasing, business loans and working capital. The company’s Small Business Lending Index showed a 4% increase in...
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July 08, 2013, 06:50 AM
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The credit health of U.S. small businesses has improved thus far in 2013, according Direct Capital.Direct Capital’s internal data shows that the average credit score for small businesses rose over 2012 from January to May 2013. That matches a recent...
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June 17, 2013, 06:32 AM
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Small business lending demand remained strong in May and continued to far outpace the previous year, according to the Monthly Small Business Lending Index released by Direct Capital, a leading provider of equipment leasing, business loans and working...
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June 12, 2013, 06:57 AM
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Small business lending demand increased for a fourth consecutive month in April, according to the Monthly Small Business Lending Index released by Direct Capital.The index showed that small business lending demand across the United States in April...
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May 24, 2013, 06:00 AM
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Small business lending demand hit its highest level of 2013 in March, according to the Monthly Small Business Lending Index released by Direct Capital.The index showed that small business lending demand across the United States in March was up 4.5%...
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April 15, 2013, 07:11 AM
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Direct Capital announced that it it will increase its funding commitment to the franchise industry and will continue to build new programs that alleviate the challenges faced by franchisees. The company said it will commit $300 million in 2013 to...
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March 26, 2013, 07:15 AM
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Direct Capital announced the company has released a heat map illustrating small business lending demand over the last year in the United States.The heat map revealed that while lending demand was strong across the board in 2012, several states saw a...
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March 06, 2013, 07:15 AM
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Direct Capital is currently ranked one of the 10 best places to work in U.S. by Indeed.com, a leading job-search site. The company is ranked eighth on Indeed’s list of 500 U.S. employers and is the top-ranked financial services firm overall. Direct...
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February 15, 2013, 07:15 AM
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Direct Capital announced that it has completed a $163 million term securitization of equipment lease backed notes. This financing will be used to support the company’s rapid new business growth and to reduce the amount of borrowings outstanding under...
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February 11, 2013, 07:15 AM
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Daniel Krajewski, Vice President of Business Development at Direct Capital, has been named the Chair of the Equipment Leasing & Finance Association’s Captive & Vendor Finance Business Council Steering Committee. Krajewski brings more than 20 years of...
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February 07, 2013, 06:51 AM
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Direct Capital announced that its growth continued in 2012. The company, which provides equipment leasing, loans, and working capital to main street businesses and franchisees grew by 43% with more than $330 million delivered to small businesses. The...
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January 29, 2013, 07:00 AM
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Direct Capital Corporation and Middleby Marshall, a division of The Middleby Corporation have formed a strategic alliance to provide affordable finance solutions for Middleby Marshall’s customers.
Direct Capital has been a leading provider of...
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October 26, 2012, 07:26 AM
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Grease Monkey International has selected Direct Capital as its finance partner for a nationwide initiative to re-image its franchise locations. The initiative will update the look-and-feel of the popular automotive service franchise and is expected...
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October 11, 2012, 07:17 AM
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The annual business meeting of the National Equipment Finance Association (NEFA) was held this year on Friday, September 14, during NEFA’s Funding Symposium at the Renaissance Washington, DC DuPont Circle Hotel, in Washington, DC. Officers and...
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September 17, 2012, 07:24 AM
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Direct Capital is the No. 2 Family-Owned Business in New Hampshire, according to Business NH Magazine. The nationwide provider of business financial services was honored in the business publication’s June 2012 issue. The list includes 75 family-owned...
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July 11, 2012, 10:00 AM
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Direct Capital is now the fourth largest private independent finance provider in the United States, according to the Monitor. In compiling its annual Top Private Independents list, Monitor ranks companies solely on new business volume in the previous...
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June 26, 2012, 11:00 AM
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Global Industry Analysts, Inc. (GIA) announces the release of a comprehensive global report on Medical Equipment Rental and Leasing markets. According to the report, the global market for medical equipment rental and leasing is forecast to reach...
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April 27, 2012, 08:00 AM
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