Trinity Capital announced the commitment of $50 million in equipment financing to Form Energy, an American technology company developing and commercializing a new class of cost-effective, multi-day energy storage systems.Form Energy aims to reform...
Read Story
December 17, 2024, 08:00 AM
|
Following the Federal Reserve’s interest rate cuts in September, new data reveals a $10.5 billion, or 5.1% increase, in new business volume for equipment leases and loans from September to October, its largest jump since August 2023, according to the...
Read Story
November 26, 2024, 08:07 AM
|
Dext Capital, a leading essential-use healthcare and technology equipment lessor, announced the upsize of its investment-grade corporate note. The proceeds will be used to fund new originations and growth initiatives.Brean Capital, LLC served as the...
Read Story
November 11, 2024, 08:00 AM
|
Wingspire Equipment Finance announced a $35 million equipment financing deal with a top sponsor-backed medical technology company. This client aims to transform the filling and finishing process for sterile liquid medicines and vaccines. The...
Read Story
November 07, 2024, 08:05 AM
|
Willis Lease Finance reported that on October 31, 2024, the Company entered into a new, $1.0 billion, five-year, revolving credit facility (the “Credit Agreement”) among WLFC, certain wholly-owned subsidiaries of WLFC, as guarantors, the lenders...
Read Story
November 05, 2024, 08:00 AM
|
MMP Capital, an independent equipment leasing company, announced the recent closing of a $20.0 million investment-grade corporate note issuance. Proceeds from the BBB-rated transaction will support continued growth, primarily by funding new...
Read Story
October 30, 2024, 07:00 AM
|
PrivateCap announced its launch to unlock new sources of capital for the equipment finance industry by connecting institutional investors to originators in the small and mid-market leases and business lease and loan market. PrivateCap’s founders...
Read Story
October 28, 2024, 08:00 AM
|
The Seismic Group, a leader in value creation by identifying and eliminating operational inefficiencies, announces the launch of Seismic Capital Solutions. The new company will offer a full spectrum of equipment and commercial financing solutions...
Read Story
October 23, 2024, 07:31 AM
|
Dext Capital commenced a $200 million revolving credit facility with Deutsche Bank. The additional bank line increases Dext’s facility capacity to $750 million.“We’re excited to welcome Deutsche Bank as our newest financing partner. We look forward...
Read Story
October 21, 2024, 08:10 AM
|
Altriarch Asset Management provided a $40 million senior secured revolving line of credit to LeasePoint Funding Group, LLC. The Company, based in Austin, Texas, is a rapidly growing equipment financing company that provides working capital to...
Read Story
October 17, 2024, 09:04 AM
|
The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25), a survey of economic activity from 25 companies representing a cross section of the $1 trillion equipment finance sector, reports that in July:
New...
Read Story
August 26, 2024, 06:00 AM
|
United Leasing & Finance successfully closed a $125 million revolving credit facility and a $300 million warehouse facility. These strategic facilities will significantly enhance the company's capacity to support the equipment needs of its growing...
Read Story
August 21, 2024, 07:00 AM
|
Clarus Capital announced the successful closing of a $20 million lease facility for a private equity-backed automotive services company. The financing will enable the acquisition of equipment vital for enhancing and expanding the company’s extensive...
Read Story
August 19, 2024, 07:30 AM
|
Big Shoulders Capital recently provided $2.1MM in funding to Allingham Corporation, a crane and air compressor rental firm in Detroit. By providing a flexible structure for refinancing their fleet, BSC will enable Allingham to invest in its current...
Read Story
August 07, 2024, 07:09 AM
|
Utica Equipment Finance completed a transaction totaling $15,500,000 in the fourth week of July.The $15,500,000 capital lease secured by forestry equipment, excavators, dozers, wheel loaders, and trucks for a company located in the Northeast. The...
Read Story
July 29, 2024, 07:45 AM
|
Post Road Equipment Finance ("PREF") closed a $10 million lease line to a leading synthetic turf manufacturer. The company specializes in synthetic turf solutions across various sectors, including sports, landscaping, and recreational facilities.This...
Read Story
July 29, 2024, 07:35 AM
|
Mitsubishi HC Capital America announced that Michael Ollio has joined the company as Director of Capital Markets.Ollio will be focused on funding equipment finance transactions and portfolios for capital markets partners, particularly those involving...
Read Story
July 10, 2024, 07:38 AM
|
The Equipment Leasing & Finance Foundation released the June 2024 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...
Read Story
June 20, 2024, 05:06 AM
|
Utica Equipment Finance completed an equipment refinance transaction totaling $3,500,000.The $3,500,000 capital lease to a concrete and masonry recycling company in Michigan, is secured by crushing equipment, construction equipment and trucks....
Read Story
June 17, 2024, 07:45 AM
|
XS Financial, a specialty finance company providing CAPEX and equipment financing solutions to cannabis companies in the United States, has amended and upsized its current $54 million line of credit with Needham Bank to $70 million. Loans made under...
Read Story
June 06, 2024, 07:31 AM
|
Stonebriar Finance Holding completed significant increases and extensions to its primary credit facilities as it positions itself for continued growth. In April, Stonebriar increased the size of its unsecured revolving credit facility to over $500...
Read Story
May 15, 2024, 07:00 AM
|
Wintrust Commercial Finance (WCF) created a new business group, Commercial Dealer Services (CDS). CDS will focus on delivering financial products to large franchised truck and trailer dealerships who then provide full-service financing and other...
Read Story
May 10, 2024, 07:00 AM
|
The Equipment Leasing and Finance Association's (ELFA) Monthly Leasing and Finance Index (MLFI-25), which reports economic activity from 25 companies representing a cross section of the $1 trillion equipment finance sector, showed their overall new...
Read Story
April 29, 2024, 07:04 AM
|
Post Road Equipment Finance (“PREF”, formerly known as Encina Equipment Finance) announced Linda Jacobson has joined its Operations team as Vice President.In her new role with PREF, Jacobson will be responsible for key operations functions related to...
Read Story
April 15, 2024, 07:00 AM
|
Encina Lender Finance 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.Headquartered in Atlanta, Encina Lender Finance offers revolving...
Read Story
April 12, 2024, 07:46 AM
|
Wingspire Equipment Finance announced the appointment of Craig Shipley as its new Chief Commercial Officer (CCO). Shipley brings to the team a wealth of experience in sales and operations leadership and a well-established history of driving strategic...
Read Story
April 04, 2024, 07:51 AM
|
36th Street Capital recently served as lessor of record and servicer for a $30 million equipment financing of manufacturing equipment dedicated to the manufacturing and production of personal care, first aid, and household products. 36th Street...
Read Story
April 02, 2024, 07:50 AM
|
Celtic Capital announced its most recent new client relationship – a privately- owned manufacturer of precision manufactured components and assemblies in the Eastern Midwest. The Company, in business since 1957, approached Celtic Capital to provide...
Read Story
March 20, 2024, 07:00 AM
|
Garrington Capital funded a $700,000 term loan to a support the buildout of a Cincinnati-based surgical center and purchase of equipment. The borrower is a private outpatient surgery center specializing in spinal and orthopedic procedures and...
Read Story
March 13, 2024, 07:00 AM
|
Wingspire Equipment Finance announced the promotion of Jenny Roach to Chief Operating Officer (COO). Having been instrumental in the company's journey since its inception, Jenny brings a wealth of experience and a proven track record of success to...
Read Story
March 06, 2024, 07:50 AM
|
SLR Equipment Finance closed a new $350 million credit facility with Bank of America and Truist Bank to support the growth of its equipment finance business over the next several years.SLR Equipment Finance specializes in providing custom equipment...
Read Story
March 06, 2024, 07:50 AM
|
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...
Read Story
March 04, 2024, 08:00 AM
|
Solifi announced the release of the 2024 Global Leasing Report. This coveted digital publication details the trends, economic projections and insights into the top 50 leasing markets worldwide. This is the 18th edition that Solifi has partnered with...
Read Story
March 04, 2024, 07:40 AM
|
MidCap Equipment Finance crossed its 2nd anniversary originating over $225 million since the business began in February 2022. MidCap has provided financing in a variety of industries such as manufacturing, construction, transportation, medical and...
Read Story
March 04, 2024, 06:00 AM
|
Clarus Capital announced the expansion of its investment facility in collaboration with BharCap Partners. Steve O'Leary, CEO of Clarus Capital, highlighted the importance of this milestone, said, "Amid recent market volatility, Clarus continues to...
Read Story
February 26, 2024, 07:30 AM
|
Clarus Capital completed the arrangement of a combined $55 million U.S. and Canadian lease facility for a leading multi-sponsor-backed business service provider. Financing proceeds supported strategic growth initiatives, liquidity planning, and M&A....
Read Story
February 14, 2024, 07:31 AM
|
Trinity Capital 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 manufactured...
Read Story
February 09, 2024, 05:00 AM
|
Blue Bridge Financial closed a one-year extension of its $135 million revolving credit facility with DZ BANK.Hannah Phearsdorf, SVP of Finance & Accounting of Blue Bridge commented, "DZ BANK has been a great partner for the Company over the past five...
Read Story
January 31, 2024, 07:35 AM
|
Post Road Equipment Finance, formerly known as Encina Equipment Finance, announced that Christopher Demtschenko has joined its commercial team as a Vice President. As a Vice President, Demtschenko will primarily be responsible for new business...
Read Story
January 29, 2024, 07:00 AM
|
Gibraltar Equipment Finance (GEF) closed a $1.75MM equipment lease to support an electric utility infrastructure services company (Company). The new capital equipment facility supports the Company’s recent geographical footprint expansion.The Company...
Read Story
January 22, 2024, 07:00 AM
|
Holly Pratti has joined the team at Loeb as Vice President of Business Development and brings almost a decade of experience in delivering specialized alternative lending solutions. Pratti begins her journey at Loeb brimming with excitement and...
Read Story
January 22, 2024, 07:00 AM
|
The Equipment Leasing & Finance Foundation (the Foundation) released the January 2024 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI). The index reports a qualitative assessment of both the prevailing business conditions and...
Read Story
January 18, 2024, 07:06 AM
|
Peapack-Gladstone Financial and Peapack-Gladstone Bank announced the appointment of Rich Johnston as President, Peapack Capital, a subsidiary of the Bank, which focuses on equipment finance and leasing. Johnson is now responsible for overseeing all...
Read Story
January 16, 2024, 07:02 AM
|
Utica Equipment Finance announced the completion of three transactions totaling $10,900,000 in December.
$2,350,000 Capital Lease secured by multi-passenger and delivery vans. The company operates out of 7 major US cities and engages in corporate...
Read Story
January 05, 2024, 07:39 AM
|
The U.S. economy likely averted a recession in 2023 and appears to be on track for a “soft landing” in 2024, according to the 2024 Equipment Leasing & Finance U.S. Economic Outlook. Real equipment and software investment growth is projected to be 2.2...
Read Story
December 20, 2023, 06:00 AM
|
First Citizens Bank announced that 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...
Read Story
December 18, 2023, 07:08 AM
|
Yieldstreet, a leading private markets investing platform, and Garrington Capital US Corp., a leading provider of capital solutions to small- and mid-sized enterprises in the United States and Canada, announced a new joint venture focused on...
Read Story
November 29, 2023, 08:05 AM
|
The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25), which reports economic activity from 25 companies representing a cross section of the $1 trillion equipment finance sector, showed their overall new...
Read Story
November 21, 2023, 07:09 AM
|
Utica Equipment Finance extended a capital lease of $3,500,000 to facilitate the purchase of a trucking firm located in Virginia, specializing in regional bulk materials transportation. The customer successfully executed this deal by capitalizing on...
Read Story
November 10, 2023, 07:07 AM
|
Loeb's clients continue to prosper thanks to its commitment to support companies in transitional financial states. In Q3 of 2023 alone, Loeb funded more than $12 Million in machinery and equipment term loans. By extracting working capital from their...
Read Story
November 06, 2023, 07:00 AM
|
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...
Read Story
October 31, 2023, 07:00 AM
|
The Equipment Leasing & Finance Foundation has released the Q4 2023 Equipment Leasing & Finance Industry Snapshot, an indispensable information resource for industry participants. Designed for use in executive briefings and presentations, the...
Read Story
October 30, 2023, 06:00 AM
|
In a major victory for members of the Equipment Leasing and Finance Association and the entire equipment finance industry, today the U.S. District Court for the Southern District of Texas issued a nationwide injunction delaying implementation of...
Read Story
October 27, 2023, 07:00 AM
|
The Equipment Leasing and Finance Association (ELFA) announced the appointment of Leigh Lytle as President and CEO, effective Dec. 4, 2023. ELFA Board Chair Bob Neagle made the announcement this morning at the General Session of the 62nd ELFA Annual...
Read Story
October 24, 2023, 07:00 AM
|
Clarus Capital completed an add-on to an existing equipment lease facility for a multi- sponsor backed specialty logistics services provider. Incremental proceeds from the lease facility, now totaling $40 million, will continue to support corporate...
Read Story
October 23, 2023, 08:11 AM
|
Capteris closed a $15 million term loan with a major North American logistics solutions provider. The loan was part of a larger refinancing package by which Capteris was able to provide an attractive debt solution that allowed the company to address...
Read Story
October 23, 2023, 07:00 AM
|
Verdant Commercial Capital announced that the company has surpassed $2 billion in equipment financing originations since the company’s inception in 2017. This milestone means the company has reached its second billion in half the time it took to...
Read Story
October 20, 2023, 07:26 AM
|
Accord Financial closed a $40 million equipment lease line to a leading pet supply manufacturer and distributor. This financing has enabled the company to purchase new mission-critical equipment for its primary manufacturing plant as it expands its...
Read Story
October 11, 2023, 07:40 AM
|
Clarus Capital completed a new $5 million lease financing arrangement with a critical partner to the media and entertainment industry. Proceeds from Clarus’ investment will enable our client to expand and refresh its revenue generating assets and...
Read Story
October 06, 2023, 07:27 AM
|
Wingspire Capital agented a $50 million senior secured credit facility to Conserv Capital (“Conserv”) which provides equipment financing for small to mid-sized businesses in the construction industry and for independent owner-operators in the...
Read Story
October 03, 2023, 08:04 AM
|
Dominick Longo has joined Wintrust Specialty Finance (WSF), a division of Beverly Bank & Trust Company, a Wintrust Community Bank, as senior vice president, chief credit risk officer. Longo will be located in Maywood, New Jersey, and is focused on...
Read Story
September 25, 2023, 07:40 AM
|
36th Street Capital, a prominent provider of equipment financing solutions, announced the immediate appointment of Eric A. McGriff as its new Chief Risk Officer (CRO). McGriff takes the reins from Gerry Kammerer, the longstanding CRO of 36th Street...
Read Story
September 18, 2023, 07:50 AM
|
Post Road Equipment Finance (PREF, formerly known as Encina Equipment Finance) announced it has provided a $15 million lease line to a global leading orthopedic implant device manufacturer to finance new and existing manufacturing equipment.“Post...
Read Story
September 11, 2023, 07:26 AM
|
Capteris announced the closing of a new $350 million credit facility to support the growth of its equipment finance business. The lenders partnering with Capteris include Truist Bank as administrative agent and Bank of America. Capteris specializes...
Read Story
September 08, 2023, 07:56 AM
|
Utica Equipment Finance announced the completion of a transaction totaling $3,000,000. A $3,000,000 Capital Lease secured by various cars to a major mobility industry operating company. The company has built strategic partnerships with Uber, Lyft...
Read Story
September 06, 2023, 07:18 AM
|
Gibraltar Equipment Finance (GEF) closed a $4 million equipment financing transaction in support of a sponsor-backed specialty pet food manufacturer. The Company is a manufacturer of high-quality pet foods made from natural, raw ingredients and...
Read Story
August 30, 2023, 07:27 AM
|
Post Road Equipment Finance (PREF) increased its non-recourse senior warehouse facility to $700 million of aggregate commitments.The overall facility size was increased from $550 million to $700 million through the addition of Wells Fargo Bank as a...
Read Story
August 28, 2023, 07:37 AM
|
Utica Equipment Finance announced the completion of a transaction totaling $2,600,000.
$2,600,000 Capital Lease secured by multi-passenger and delivery vans. The company operates out of 7 major US cities and engages in corporate and government...
Read Story
August 22, 2023, 07:14 AM
|
Post Road Equipment Finance (PREF, formerly known as Encina Equipment Finance) provided a $15 million lease to a precision machining component manufacturer, supplying the defense, semiconductor manufacturing, commercial aerospace, and space markets...
Read Story
August 22, 2023, 06:00 AM
|
The Equipment Leasing & Finance Foundation (the Foundation) released the August 2023 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI). The index reports a qualitative assessment of both the prevailing business conditions and...
Read Story
August 21, 2023, 06:00 AM
|
Wintrust Specialty Finance (WSF), a division of Beverly Bank & Trust Company, N.A., a Wintrust Community Bank, announced Barry Hart has joined the company as Vice President of Business Development, Industrial. Hart will be located in the Dallas-Fort...
Read Story
July 06, 2023, 07:10 AM
|
Since its launch in late 2022, Capteris has quickly established itself as an attractive alternative provider of equipment finance solutions. Most notably, within the financial sponsor segment, Capteris has committed nearly $150MM to portfolio...
Read Story
June 30, 2023, 07:00 AM
|
Libra Group, a privately owned global business group whose subsidiaries own and operate assets in nearly 60 countries, has launched the world’s first space leasing company dedicated to the full spectrum of space assets. Building on the Group’s 20...
Read Story
June 21, 2023, 07:35 AM
|
Verdant Commercial Capital expanded its funding capacity with the addition of a new $150 million warehouse line of credit provided by Bank of America.This additional capacity will allow Verdant to finance even more equipment for its existing vendor...
Read Story
June 13, 2023, 07:50 AM
|
Wingspire Equipment Finance appointed Tom Vasilakos as the Senior Managing Director of WEF’s Indirect Group. This strategic hire further strengthens Wingspire Equipment Finance's position as a top player in the equipment finance industry.Wingspire...
Read Story
June 02, 2023, 07:43 AM
|
NFS Leasing extended its financing support to Velico Medical, a clinical-stage medical and scientific technology company that is working to reduce the number of preventable deaths caused by bleeding. Over the past 10 years, NFS Leasing has provided...
Read Story
May 31, 2023, 05:08 AM
|
Shawn Arnone was promoted to Group Head – Senior Vice President of the newly-formed Manufacturer & Government Alliances business division at Key Equipment Finance. In this role, he will oversee the group’s government finance activities, which include...
Read Story
May 26, 2023, 06:00 AM
|
The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25), which reports economic activity from 25 companies representing a cross section of the $1 trillion equipment finance sector, showed their overall new...
Read Story
May 25, 2023, 06:00 AM
|
Clarus Capital completed a new $25 million lease facility for a sponsor-backed precision components manufacturer. Financing proceeds will support the installation of new essential use production equipment across multiple facilities.Clarus CEO Steve...
Read Story
May 22, 2023, 06:00 AM
|
Clarus Capital completed the arrangement of a $70 million lease facility for a leading sponsor-backed transportation service provider. Financing proceeds supported strategic growth initiatives and fleet expansion. Clarus funded half of the facility...
Read Story
May 15, 2023, 07:29 AM
|
Post Road Equipment Finance (formerly known as Encina Equipment Finance) announced it has provided a $15 million lease to an international precision components manufacturer, supplying the commercial aerospace, industrial gas turbine and auto markets...
Read Story
May 15, 2023, 07:21 AM
|
Nicolas “Nick” Goehring 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 the...
Read Story
May 11, 2023, 07:35 AM
|
Clarus Capital completed a new $30 million Lease Facility for a specialty logistics provider with hubs at major infrastructure facilities around the U.S. and abroad. Financing proceeds will support corporate liquidity, new equipment purchases, as...
Read Story
May 08, 2023, 06:00 AM
|
Wingspire Equipment Finance, a provider of equipment finance solutions, announced the closing of a new $195 million credit facility to further expand its direct funding capabilities. The facility was agented by Texas Capital Bank, and Wells Fargo and...
Read Story
May 05, 2023, 07:58 AM
|
Post Road Equipment Finance provided a $21 million loan to a leading heavy machinery manufacturer to finance new and existing assets.“After building a relationship with the company and working hand-in-hand with their sponsor over the past year, Post...
Read Story
March 16, 2023, 07:31 AM
|
Gibraltar Business Capital (GBC) announced the launch of its new equipment financing business, Gibraltar Equipment Finance (GEF). GEF provides term financing solutions complementing GBC’s asset based lending products and furthers GBC’s strong track...
Read Story
March 15, 2023, 08:00 AM
|
Utica Equipment Finance announced the completion of three transactions totaling $10.15 million in the first week of March.
$1.38MM Capital Lease secured by construction and material handling equipment to a company located in Texas. The lessee...
Read Story
March 15, 2023, 07:24 AM
|
Encina Equipment Finance announced it has changed its name to Post Road Equipment Finance, LLC. As part of the name change, the company has revamped and redesigned its website to incorporate the new company name (www.postroadef.com).The name change...
Read Story
March 13, 2023, 08:00 AM
|
Solifi announced the release of the 2023 Global Leasing Report. This one-of-a-kind report provides detailed analysis of the top 50 leasing markets worldwide, providing historical data insights, economic projections, and trends. Solifi has been...
Read Story
March 01, 2023, 07:10 AM
|
Stonebriar Commercial Finance closed a $22 million sale and leaseback on a new manufacturing plant and associated equipment that has the capacity to produce 100-million pounds of protective coating for automotive OEM and aftermarket space. This...
Read Story
February 27, 2023, 07:15 AM
|
Verdant Commercial Capital has grown its funding capacity. Verdant’s primary warehouse line of credit, led by Wells Fargo Bank, was increased to $225 million with the addition of Regions Bank as a participant in the lending group. At the same time...
Read Story
February 24, 2023, 07:37 AM
|
NFS Leasing, a privately-held leader in equipment finance across the U.S. and Canada, achieved 32% year-over-year growth of originations in 2022. "The success we achieved in 2022 is a testament to the strength of our team, our agility in responding...
Read Story
February 15, 2023, 07:00 AM
|
Sweet Leaf Madison Capital (SLMC), a nationwide provider of customized debt solutions for the middle-market cannabis industry, added GrowersHouse, a cultivation equipment supplier, and CannaCribs Horticulture Consulting, their design and consulting...
Read Story
February 13, 2023, 06:00 AM
|
Bridge Bank announced its Capital Finance Group closed on a $3 million credit facility for Innovative Lease Services Inc., a Carlsbad, California-based provider of commercial equipment financing and leasing services. Innovative Lease Services (ILS)...
Read Story
February 06, 2023, 07:10 AM
|
Loeb continues its long history of supporting companies in transitional financial states with $6.8 million in machinery and equipment loans in the fourth quarter of 2022. These loans will help the four businesses continue to operate smoothly by...
Read Story
January 27, 2023, 07:15 AM
|
XS Financial, a specialty finance company providing CAPEX and equipment financing solutions to cannabis companies in the United States, entered into an upsized $39 million line of credit with Needham Bank increasing its commitment from $20 million to...
Read Story
December 28, 2022, 07:45 AM
|
Utica Equipment Finance announce the completion of six transactions totaling $11.78 million in the month of November:
$7.5 million refinance secured by machinery and equipment to a technology company located in California. By consolidating two...
Read Story
December 15, 2022, 07:44 AM
|
Encina Equipment Finance (EEF) announced the promotion of Beata Nicpon to Vice President, Operations.As VP, Nicpon will lead deal teams responsible for documenting and funding new commercial leases and loans, as well as the mentoring and coaching of...
Read Story
December 12, 2022, 07:00 AM
|
Trinity Capital entered into an agreement to co-manage a newly formed joint venture, i40, LLC (the "JV"), with certain funds and accounts managed by a specialist credit manager with over $5 billion of assets under management. The JV will invest in...
Read Story
December 08, 2022, 07:36 AM
|
Stonebriar Commercial Finance closed a $75 million sale and leaseback of beverage production and packaging equipment for a market-leading co-manufacturer of high-growth beverages in the U.S. The lease proceeds will be used to support the lessee’s...
Read Story
November 29, 2022, 07:33 AM
|
Liberty Commercial Finance LLC has changed its name to Wingspire Equipment Finance LLC, adopted a new logo, and redesigned its website as it integrates with parent company Wingspire Capital Holdings LLC.
Earlier this year, Wingspire Capital acquired...
Read Story
November 22, 2022, 07:55 AM
|
Santander Bank announced the expansion of its Commercial Equipment and Vehicle Finance business to include commercial equipment financing to healthcare organizations. The new, nationwide offering will provide financing for state-of-the-art medical...
Read Story
November 18, 2022, 07:50 AM
|
SLR Equipment Finance appointed Shari Williams as Chief Risk Officer. Williams joins SLR EQF with over 30 years in the finance industry and more than 25 years of sound risk, investment and credit portfolio management experience.Williams was most...
Read Story
November 16, 2022, 07:30 AM
|
Avtech Capital completed a new $75 million revolving credit facility with Capital One. The facility will provide additional liquidity to support the Company's growth and further its efforts to better serve customers."The addition of this new credit...
Read Story
November 07, 2022, 07:51 AM
|
National Funding, one of the largest U.S. specialty finance companies serving small- and medium-sized businesses, closed its second asset-backed securitization (ABS) for $125 million. Guggenheim Securities served as sole structuring advisor and the...
Read Story
October 04, 2022, 07:33 AM
|
The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25), which reports economic activity from 25 companies representing a cross section of the $900 billion equipment finance sector, showed their overall new...
Read Story
September 26, 2022, 07:30 AM
|
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....
Read Story
September 22, 2022, 07:34 AM
|
Delta Financial Group, an equipment finance platform that provides capital for enterprise-level, business-critical equipment, has received a significant structured growth investment from funds managed by Oaktree Capital Management, L.P.The structured...
Read Story
September 09, 2022, 07:52 AM
|
TimePayment closed a new $375 million revolving credit facility, including a $50 million accordion. The facility replaces its previous, primary facility that was set to mature at year end. BMO Harris Bank serves as the Lead Agent for a bank syndicate...
Read Story
August 31, 2022, 07:35 AM
|
SLR Equipment Finance announced John Gougeon has joined the company as a Director of Asset Management. In his position, Gougeon will play a key role as the company seeks to improve the Asset Management Function of the company. He was last with Bank...
Read Story
August 31, 2022, 07:12 AM
|
Trustmark National Bank, a wholly owned subsidiary of Trustmark Corporation, announced the introduction of a new line of business, Equipment Finance, in its Specialty Banking division that is based in Atlanta, GA.“We are pleased to add equipment...
Read Story
August 26, 2022, 08:02 AM
|
CIT, a division of First Citizens Bank, announced Diana Jackson has joined its Equipment Finance-Industrial business as a Vice President and National Business Development Officer.In this role, Jackson will be responsible for developing and...
Read Story
August 16, 2022, 07:27 AM
|
36th Street Capital Partners, an independent provider of equipment financing solutions for middle market companies, announced the appointment of Cecile Latouche as Executive Vice President of Credit & Risk Management, effective immediately. "36th...
Read Story
August 08, 2022, 07:55 AM
|
CIT, a division of First Citizens Bank, named Kevin Ronan, senior vice president and managing director, as the group head of its Capital Equipment Finance business.CIT’s Capital Equipment Finance business is a leading nationwide provider of leasing...
Read Story
August 05, 2022, 07:52 AM
|
SSG Capital Advisors, LLC (SSG) acted as the investment banker to Additive Circuits Technologies, LLC, and its affiliates (ACT or the Company) in the placement of an equipment financing facility with Liberty Commercial Finance LLC. The facility...
Read Story
August 05, 2022, 07:43 AM
|
PEAC Solutions is expanding its global Construction, Transportation and Industrial (CT&I) business unit to the USA. To launch into this industry, PEAC has hired Tibor Horvath, a 40-year industry expert, as Senior Vice President and CT&I business unit...
Read Story
August 01, 2022, 06:00 AM
|
Verdant Commercial Capital executed a multiyear program agreement with Synovus Bank to provide a new equipment finance offering — Synovus Equipment Leasing — for Synovus Bank commercial customers. Through the offering, leasing and equipment finance...
Read Story
July 08, 2022, 06:00 AM
|
Wingspire Capital Holdings announced an agreement to acquire Liberty Commercial Finance LLC (“Liberty”). Wingspire Capital is a portfolio company of Owl Rock Capital Corporation, a publicly traded business development company that is...
Read Story
June 28, 2022, 08:38 AM
|
Encina Equipment Finance (EEF) announced it has provided a $10 million lease line for a global manufacturer of threads and fabrics. The funds will be utilized for the purchase of new manufacturing equipment.EEF was represented by Reed Smith LLP.For...
Read Story
June 20, 2022, 07:45 AM
|
Nexseer Capital announced that the management team of W. Scott McCullum (President), Jonathan Albin (Chief Operating Officer) and Robert Davis (Executive Vice President) have acquired majority ownership of the company. The senior management team...
Read Story
June 06, 2022, 08:00 AM
|
Encina Equipment Finance (EEF) announced it has provided a $15 million equipment lease line to a specialty materials company for the installation of a new manufacturing line. EEF was represented by Reed Smith LLP.
For more equipment finance and...
Read Story
June 06, 2022, 07:08 AM
|
Encina Equipment Finance (EEF) provided a $20 million loan to an automobile repair company for the purchase of various equipment for new store locations. EEF was represented by Reed Smith LLP.For more equipment finance industry news, visit Equipment...
Read Story
May 23, 2022, 07:36 AM
|
SLR Equipment Finance announced Phil Priolo has joined our company as a Senior President of Business Development. In his role, Phil will help grow SLR Equipment Finance’s leasing and lending activities with equipment dealers along the east coast of...
Read Story
May 17, 2022, 07:40 AM
|
Wingspire Capital appointed Doug Sylvia to the newly created role of Chief Risk Officer for its Wingspire Equipment Finance platform (“WEF”).Wingspire recently launched WEF to provide flexible equipment finance solutions for middle market customers...
Read Story
May 10, 2022, 08:00 AM
|
Encina Equipment Finance added Tina Pugliese to its Finance team as Vice President and Assistant Controller. As Vice President and Assistant Controller on Encina Equipment Finance’s Finance team, Pugliese will primarily focus on accounting and...
Read Story
April 18, 2022, 07:41 AM
|
Encina Equipment Finance added Li Flynn to its Risk team as a Vice President. As a Vice President on Encina Equipment Finance’s Risk team, Flynn will primarily be responsible for new business underwriting and will also have portfolio management...
Read Story
April 13, 2022, 07:00 AM
|
Star Hill Financial, a certified Women Business Enterprise based in Fairfield, Connecticut, announced first quarter fundings totaling over $26.0 million across its Equipment Finance and Franchise Finance divisions.“After building out our team and...
Read Story
April 11, 2022, 07:00 AM
|
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...
Read Story
April 04, 2022, 08:02 AM
|
Castlelake, a global alternative investment manager with 17 years of experience investing in asset-rich opportunities, and Chesswood Group, a specialty finance company with 40 years of experience in the commercial equipment finance market, announced...
Read Story
March 17, 2022, 07:39 AM
|
SLR Equipment Finance, formerly known as Nations Equipment Finance, announced it has hired Steve Sanders as Senior Vice President of Business Development. In his role, Sanders will be responsible for growing SLR Equipment Finance’s leasing and...
Read Story
March 15, 2022, 07:40 AM
|
Utica Equipment Finance completed three transactions totaling $5,150,000 in the first half of March.
$1,250,000 capital lease secured by a hypercar and support vehicles to transport and deliver the vehicle. Utica was able to provide them working...
Read Story
March 15, 2022, 07:15 AM
|
Great Elm Capital Corp. (GECC), a business development company, launched Great Elm Utica, LLC (“GEU”), a joint venture between GECC and Utica Leaseco (“Utica”), to co-invest in proprietary equipment financing transactions sourced by Utica.Founded in...
Read Story
March 07, 2022, 07:59 AM
|
North Mill Equipment Finance (NMEF) announced the closing of its fifth commercial equipment backed securitization (ABS), NMEF Funding 2022-A (NMEF 2022-A). The $371,070,000 transaction represents North Mill’s largest ABS issuance to date, surpassing...
Read Story
March 07, 2022, 07:15 AM
|
Peoples Bancorp Inc. announced its wholly owned subsidiary, Peoples Bank, has entered into a definitive agreement to acquire Vantage Financial, LLC, a nationwide provider of equipment financing headquartered in Excelsior, MN. Under the terms of the...
Read Story
February 17, 2022, 08:04 AM
|
MidCap Business Credit has formed a new entity MidCap Equipment Finance LLC and has retained a team of seasoned investment professionals to begin offering equipment loans and leases to middle market companies in the U.S. and Canada. This new product...
Read Story
February 11, 2022, 08:00 AM
|
Encina Equipment Finance, LLC (EEF) announced the promotion of Jaime Soter to Senior Vice President and Team Leader and Helen Steinberg to Vice President.As Senior Vice President and Team Leader, Soter will have responsibility for mentoring and...
Read Story
February 01, 2022, 07:45 AM
|
Clarus Capital hired Matt Worman as Managing Director and Head of Direct Investment Origination. In this role, he will lead the firm’s business development activities with responsibility for generating new financing opportunities with mid-sized...
Read Story
January 24, 2022, 07:39 AM
|
Big Shoulders Capital provided a $1,500,000 equipment term loan to a Utah-based resort developer. The loan was secured by the developer’s fleet of construction equipment. The developer is building a luxury community on 5,000 acres outside of Park...
Read Story
January 18, 2022, 07:28 AM
|
American Bank announced the acquisition of ACG Equipment Finance (ACG), a fully integrated direct equipment financing company headquartered in Austin, TX. The acquisition is another milestone in American Bank’s growth strategy, enhances the bank’s...
Read Story
January 07, 2022, 07:14 AM
|
First Financial Bancorp. announced it has completed its previously announced acquisition of Cincinnati-based Summit Funding Group, Inc., the fourth largest independent equipment financing platform in the United States. “We are excited about the...
Read Story
January 04, 2022, 07:35 AM
|
Commercial Credit, Inc. (CCI), a Charlotte, NC-based equipment and accounts receivable finance company and the parent company of Commercial Credit Group Inc. (CCG) and Commercial Funding Inc., announced it has acquired Keystone Equipment Finance Corp...
Read Story
December 27, 2021, 07:40 AM
|
Clarus Capital announced it has launched as a new commercial finance company focused on delivering efficient capital solutions to finance tangible assets for leveraged middle market companies. Clarus offers lease and loan products with various end-of...
Read Story
December 15, 2021, 08:07 AM
|
Commercial Equipment Finance, an independent commercial equipment finance company headquartered in Puerto Rico, closed a $90.9 million asset-backed security (ABS) transaction. The proceeds will be used to pay down existing warehouse lines and for...
Read Story
December 01, 2021, 07:00 AM
|
1st Commercial Credit, LLC, a nationwide funding company that specializes in accounts receivable factoring and trade payable financing, has introduced an equipment financing program for various size companies, credit score ranges and industries. 1st...
Read Story
November 22, 2021, 06:20 AM
|
Delta Financial Group, an equipment finance platform that provides capital for enterprise-level, business-critical equipment, has received a significant strategic growth investment from an affiliate of Peak Rock Capital, a leading middle-market...
Read Story
September 22, 2021, 06:52 AM
|