Last Week’s Top Stories

Judge: Plaintiff’s Allegations Against Ascentium “Woefully Deficient”

In an order entered in a class action case filed by doctors alleging Ascentium Capital was involved in a Ponzi scheme, the court said the plaintiffs’ allegations were “woefully deficient” for failing to state claims for relief upon which relief can be granted against Ascentium. read more

Air Lease Announces Lease Placement of Boeing 787-9 with LOT Airlines

Air Lease announced a long-term lease agreement with LOT (Poland) for a new Boeing 787-9 aircraft with Rolls Royce Trent 1000 engines.  read more

ENGS Commercial Finance Closes $100MM ABS Warehouse Facility

Engs Commercial Finance closed a $100 million securitization warehouse facility with the Bank of Montreal as lender and BMO Capital Markets as agent. read more

ApplePie Acquires Funding Solutions, Appoints Chief Development Officer

ApplePie Capital appointed franchise industry veteran Ronald Feldman as chief development officer. In addition, ApplePie announced the acquisition of Funding Solutions. read more

Onset Financial Hires 30-Year Leasing Veteran as VP of Sales

Onset Financial hired Bruce Brandon as a vice president of sales. Brandon brings three decades of leasing experience to the sales team. His expertise will help Onset continue to grow and expand. read more

Newell Takes New Position in Priority One’s Equipment Finance Division

Priority One Financial Services added company veteran Tom Newell to its equipment finance division. read more

Engs Commercial Finance Closes $75MM Commitment from PNC

Engs Commercial Finance added PNC Bank and its $75 million commitment to its $455 million ABL credit facility. read more

Material Handling Equipment Market to Pass $190B by 2024

According to a new report from Global Market Insights, the material handling equipment market size is poised to surpass $190 billion by 2024. read more

FNCC Appoints Enyeart President, Leyenaar SVP Credit/Capital Markets

First National Capital Corporation appointed Steve Enyeart as president and Peter Leyenaar as senior vice president of credit and capital markets for First National Capital. read more

Oracle Powers DecisivEdge’s Lending/Leasing as a Service Product

DecisivEdge, a business consulting and technology services company, launched its lending and leasing as a service product, powered by Oracle. read more

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Terry Mulreany
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