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News Stories (40 Results) - Equipment Finance News

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