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...
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May 31, 2023, 05:08 AM
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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...
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May 26, 2023, 06:00 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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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...
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May 22, 2023, 06:00 AM
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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...
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May 15, 2023, 07:29 AM
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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...
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May 15, 2023, 07:21 AM
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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...
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May 11, 2023, 07:35 AM
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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...
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May 08, 2023, 06:00 AM
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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...
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March 16, 2023, 07:31 AM
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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...
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March 13, 2023, 08:00 AM
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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...
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March 01, 2023, 07:10 AM
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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...
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February 27, 2023, 07:15 AM
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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...
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February 24, 2023, 07:37 AM
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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...
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February 15, 2023, 07:00 AM
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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...
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February 13, 2023, 06:00 AM
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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...
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January 27, 2023, 07:15 AM
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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...
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December 12, 2022, 07:00 AM
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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...
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December 08, 2022, 07:36 AM
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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...
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November 29, 2022, 07:33 AM
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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...
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November 22, 2022, 07:55 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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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...
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November 16, 2022, 07:30 AM
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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...
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November 07, 2022, 07:51 AM
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Encina Equipment Finance (EEF) announced Andrew Larson has joined its Commercial team as a Vice President.As a Vice President on Encina Equipment Finance’s Commercial team, Larson will primarily focus on originating new business. He will report to...
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October 10, 2022, 07:38 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 $900 billion equipment finance sector, showed their overall new...
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September 26, 2022, 07:30 AM
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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...
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August 31, 2022, 07:12 AM
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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...
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August 26, 2022, 08:02 AM
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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...
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August 16, 2022, 07:27 AM
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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...
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August 08, 2022, 07:55 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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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...
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June 20, 2022, 07:45 AM
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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...
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June 06, 2022, 08:00 AM
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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...
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May 23, 2022, 07:36 AM
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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...
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May 10, 2022, 08:00 AM
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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...
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April 18, 2022, 07:41 AM
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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...
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April 13, 2022, 07:00 AM
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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...
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April 11, 2022, 07:00 AM
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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...
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April 04, 2022, 08:02 AM
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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...
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March 15, 2022, 07:40 AM
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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...
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March 15, 2022, 07:15 AM
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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...
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March 07, 2022, 07:59 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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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...
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February 17, 2022, 08:04 AM
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NFS Leasing, a privately-held leader in equipment finance across the U.S. and Canada, achieved 16% year-over-year growth of originations in 2021. “Our growth throughout 2021 speaks to the strength of our team, our ability to move quickly in response...
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February 02, 2022, 07:45 AM
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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...
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February 01, 2022, 07:45 AM
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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...
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January 24, 2022, 07:39 AM
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Wingspire Capital announced the expansion of its product mix with the creation of a dedicated Equipment Finance division that will offer a full suite of flexible capital solutions delivered with Wingspire’s trademark level of creativity, flexibility...
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January 20, 2022, 08:10 AM
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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...
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January 18, 2022, 07:28 AM
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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...
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January 07, 2022, 07:14 AM
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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...
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December 27, 2021, 07:40 AM
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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...
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December 15, 2021, 08:07 AM
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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...
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December 08, 2021, 07:48 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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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...
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December 01, 2021, 07:00 AM
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DLL, a global provider of asset-based financial solutions, announced the intended appointment of Carlo van Kemenade as Chief Executive Officer (CEO) and Chairman of the Executive Board of DLL, subject to final approval of the applicable regulatory...
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November 29, 2021, 07:41 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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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...
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September 22, 2021, 06:52 AM
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KeyBank Specialty Finance Lending closed a $35 million credit facility for Commercial Equipment Finance Inc. (CEFI), an independent commercial equipment finance company headquartered in Puerto Rico. “CEFI is a leading equipment finance company that...
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February 02, 2021, 08:30 AM
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OnDeck announced it will begin offering equipment finance loans to select U.S. small businesses next year, bringing its technology and digital lending expertise to what has traditionally been a slow-moving, opaque and complicated process."With more...
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December 19, 2018, 07:06 AM
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Michael A. Toglia, Publisher of Equipment Finance Advisor and ABL Advisor has been elected to serve a two-year term on the Equipment Leasing and Finance Association’s Service Providers Business Council Steering Committee.The Service Providers...
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November 18, 2013, 06:26 AM
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ABL Advisor announces the launch of its innovative online publishing platform at the Commercial Finance Association’s annual convention in Phoenix, AZ. This platform includes a search engine optimized and social media enriched website, daily enews...
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November 15, 2012, 08:10 AM
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