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News Stories (56 Results) - Equipment Finance News

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

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... Read Story

January 29, 2024, 07:12 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

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

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

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

Solifi 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 finance customers, with enhancements to business... Read Story

November 02, 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

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

CAI International, a global leader in container leasing and sales, announced a significant leadership transition. Effective January 1, 2024, the current President, Katie McCabe, will assume the role of President and Chief Executive Officer (CEO)... Read Story

October 09, 2023, 06:00 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

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

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

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

Utica Equipment Finance announced the completion of two transactions totaling $5.10MM in the month of June. $1.6MM Capital Lease secured by construction equipment to a company located in Florida. The lessee is a family-owned excavation company... Read Story

July 11, 2023, 07:32 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

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

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

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

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

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

Solifi, a global fintech software partner for secured finance, announced the release of its latest version of Solifi Originations for European equipment and automotive finance lenders. The new features are designed to support UK contract-hire use... Read Story

December 13, 2022, 07:39 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

Houlihan Lokey announced the appointments of Matthew Hudson and Spencer Lippman as Managing Directors in the firm’s Business Services Group, bolstering its coverage of the equipment-as-a-service sector. Mr. Hudson, serving as Head of... Read Story

November 01, 2022, 07:40 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

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

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

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

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

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... Read Story

March 02, 2022, 06:15 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

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

CIT Group announced its Capital Equipment Finance business has hired three new business development leaders to support clients and growth in the equipment finance market.Thomas Linebarger, Scott Ryan and Erick Berreondo have joined CIT’s Capital... Read Story

December 08, 2021, 07:48 AM

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... Read Story

December 08, 2021, 07:45 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

CIT Group announced that the Industrial group within its Equipment Finance business has provided about $4.4 million in financing toward the acquisition of multiple pieces of heavy equipment.The equipment consists primarily of yard loaders and... Read Story

October 20, 2021, 07:35 AM