The Equipment Leasing and Finance Association awarded Paul Bent, senior managing director at The Alta Group, the Edward A. Groobert Award for Legal Excellence in recognition of his significant contributions to the association and the equipment finance industry. read more

MAY 7, 2024 - 6:50 am

Digital wallets use grew in 2023, with efficiency-focused businesses increasing their use by 31% and convenience-minded consumers experiencing a 32% increase, according to studies administered by the Federal Reserve Financial Services. read more

MAY 7, 2024 - 6:50 am

Maxim Commercial Capital promoted Fernando Rodriguez to director, vendor sales. In his new role, Rodriguez manages vendor relationships, business origination and sales for Maxim’s truck and equipment financing divisions. read more

MAY 7, 2024 - 6:49 am

Rabobank closed a $100 million equipment supply loan with Scout Clean Energy. The facility will be used to fund the company’s equipment down payments. Scout intends to upsize the facility to $200 million and bring in additional banks later in the year. read more

MAY 7, 2024 - 6:49 am

360 Equipment Finance celebrated its 14th anniversary and recorded its largest total funding volume in company history in April 2024, surpassing its five-year average in terms of total income and the number of deals facilitated. read more

MAY 7, 2024 - 6:48 am

Flushing Financial, the parent holding company for Flushing Bank, added a dedicated team to expand SBA lending nationwide. This initiative underscores the company’s commitment to fostering economic growth and providing tailored financial solutions to small businesses. read more

MAY 7, 2024 - 6:48 am

The global construction equipment rental market size is estimated to grow by $31.46 billion from 2023 to 2027, according to Technavio. This growth is expected to occur at a compound annual growth rate (CAGR) of over 5.17% during the forecast period. read more

MAY 7, 2024 - 6:47 am

U.S. Bancorp hired Gunjan Kedia as its new president, reporting to Andy Cecere, who will retain the title of chairman and CEO. In this role, Kedia will oversee the company’s three business lines, ensuring a shared focus on growth and holistic client experiences across its entire network. read more

MAY 6, 2024 - 6:59 am

Small business filings increased 60% year over year to 233 in April 2024, according to data provided by Epiq AACER. Commercial chapter 11 filings increased 40% year over year in April 2024 to 542. Overall commercial filings increased 39% year over year in April 2024 to 2,569. read more

MAY 6, 2024 - 6:58 am

K&B Global has been named a trusted deployment partner for TietoEvry ProFinance, a leasing platform designed to automate the increasing complexity of equipment financing transactions. K&B will provide governance and delivery assurance for optimal deployment of the platform. read more

MAY 6, 2024 - 6:58 am