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...
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October 23, 2023, 08:11 AM
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Aequum Capital closed a $7,300,000 credit facility to a premier Texas-based manufacturer. The Company is widely respected for the development and manufacturing of specialty nonwoven product solutions for the automotive, industrial and consumer...
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August 30, 2023, 07:36 AM
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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...
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May 25, 2023, 06:00 AM
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36th Street Capital announced it recently extended and upsized its senior secured revolving credit facility to $280 million, an increase of $110 million. The credit facility includes six lenders and is led by Capital One as agent.“We are very pleased...
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April 18, 2023, 07:45 AM
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Axiom Bank 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 and...
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December 14, 2022, 08:01 AM
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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...
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November 18, 2022, 07:50 AM
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Regents Capital Corporation, a provider of equipment leasing and financing solutions to middle-market borrowers, announced it has entered into a $100 million three-year revolving credit facility with Bank OZK, a regional bank based in Little Rock, AR...
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October 10, 2022, 08:00 AM
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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...
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August 01, 2022, 06:00 AM
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This year’s Global Leasing Report is an exciting update for the industry, covering the status of global leasing markets in the months following the breakout of COVID-19. This one-of-a-kind report provides the data leasing firms need to understand the...
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March 02, 2022, 06:15 AM
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First Financial Bancorp. announced it has entered into an agreement to acquire Cincinnati, OH-based Summit Funding Group, Inc., the fourth-largest independent equipment financing platform in the United States. "We are very excited to join forces with...
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December 08, 2021, 07:45 AM
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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...
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November 22, 2021, 06:20 AM
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The Equipment Leasing & Finance Foundation released the April 2021 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI). The index reports a qualitative assessment of both the prevailing business conditions and expectations for the...
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April 22, 2021, 07:06 AM
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Avtech Capital completed a new credit facility with Capital One. The facility was established to provide additional liquidity to support the Company's growth strategies and diversify its funding model."This new Capital One credit facility further...
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April 02, 2021, 07:00 AM
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The Alta Group reports that interest in mergers and acquisitions (M&As) in the equipment finance industry has been high in the first half of 2018, reflecting a global trend. According to Thomson Reuters, the value of M&A deals announced this year...
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July 18, 2018, 07:48 AM
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NewStar Financial Inc. announced the sale of its equipment finance business and related assets to Boston-based Radius Bank ("Radius"), a federal savings association, for approximately $140 million in cash. NewStar Equipment Finance is an...
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December 02, 2016, 07:29 AM
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Wells Fargo announced that Henry Jordan, the chairman and chief executive officer of Wells Fargo Capital Finance, will retire on December 31, 2016. Following Jordan’s retirement, Wells Fargo Capital Finance will join Wells Fargo Commercial Capital...
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October 25, 2016, 08:22 AM
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First Tennessee Bank is expanding its focus on businesses with specialized banking needs by hiring bankers with extensive experience in four areas: franchise finance, healthcare finance, music industry banking and structured equipment finance. By...
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October 19, 2016, 07:56 AM
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EverBank announced several new senior management appointments and strategic organizational changes for its Commercial Division, serving small and mid-size companies across the country.“Over the past several years, EverBank has acquired or started a...
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June 16, 2016, 08:04 AM
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Huntington Bank appointed Jeffry Elliot chief administrative officer of its Asset Finance group. In this new role, Elliott will oversee corporate development, merger and acquisitions, strategic planning, and corporate governance for all of...
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May 13, 2015, 07:49 AM
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Sterling National Bank announced the appointment of Thomas X. Geisel as Executive Vice President and President of Specialty Finance.Geisel will lead Sterling's specialty finance teams which include Asset Based Lending, Factoring and Trade Finance...
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April 28, 2015, 07:57 AM
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Modern Bank, N.A. announced that Michael C. Nedder has joined the bank as Managing Director and Head of Asset Finance. He will be responsible for growing the new business lines of Equipment Finance and Asset Based Lending. Asset Finance will be...
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April 10, 2015, 07:16 AM
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Santander Bank, N.A. announced that Vincent Belcastro has been appointed as the group head of equipment finance. He will be responsible for growing the team and business focused on financing activities for equipment lending, leasing, and structured...
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March 20, 2015, 07:59 AM
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NXT Capital, announced that its Equipment Finance Group has increased its revolving credit facility from $150 million to $325 million. This credit facility increase provides additional financing to support the growth of NXT’s equipment loan and lease...
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February 11, 2015, 07:27 AM
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Element Financial Corporation has expanded the company's existing senior credit facility to $1.6 billion with the addition of a further $100 million commitment from a U.S.-based bank. The company's senior banking facility is led by Bank of Montreal...
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October 24, 2014, 07:11 AM
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Firestone Financial Corp. a leader in equipment financing, signed a $225 million, multi-year revolving credit facility at the end of last year; this is an increase from the prior facility of $125 Million. The bank group is led by RBS Citizens, N.A....
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June 02, 2014, 07:48 AM
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Equify Financial, LLC, a member of the Equify, LLC family of companies and provider of asset-based lending, and equipment finance services to construction, transportation and energy businesses nationwide, announced the addition of Kirk Mann and Randy...
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May 05, 2014, 08:08 AM
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Triumph Commercial Finance, a member of the Triumph Bancorp, Inc. group and provider of asset based lending, accounts receivable financing (factoring) and equipment finance solutions to small and mid-sized businesses nationwide, announced the...
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March 05, 2014, 07:14 AM
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Crestmark announced it has expanded its services to include equipment financing. A company press release notes the move emphasizes Crestmark’s significant effort and continued focus to provide superior service to itsr customers. The opportunity...
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January 31, 2013, 07:23 AM
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