Despite rising rates, competitive pressure and lingering economic uncertainty, the Monitor 100 companies posted modest gains in assets and originations in 2024. With hiring expected to rebound and a renewed focus on technology, efficiency and disciplined growth, the equipment finance industry is cautiously preparing for a more expansive 2025.... read more

Monitor 100 2025

A surge of independent growth and a reshuffling at the top define Monitor’s 2025 Vendor Top 40, with Wells Fargo Equipment Finance taking the No. 1 spot and Auxilior Capital and PEAC Solutions posting triple digit year-over-year gains.... read more

May/June 2025

Despite economic headwinds, the top 30 private independent finance firms reported a solid 22.4% increase in new business volume in 2024. With competition tightening and interest rates fluctuating, these firms are strategizing for another year of expansion in 2025.... read more

March/April 2025

We all know banks had a strange year, if not a flat-out tough one, in 2023. But Monitor’s Bank 50 group remained resilient, all things considered, reporting a year-over-year increase in net assets and a less-than-10% decrease in year-over-year originations. The group anticipates 2024 ending with a collective increase in assets and volume.... read more

Nov/Dec 2024

The number of Monitor 101+ companies contracted to 35, bouncing back to the number of 2022 participants. Although the group achieved double digit year-over-year percentage gains in net assets and new business volume, the rate of growth diminished sharply from last year, with volume growth dropping by 40.2 percentage points.... read more

July/August 2024

Monitor’s Vendor Top 40 continued its growth streak at a significantly lower rate than the past two years. DLL and Wells Fargo retained their leading positions and Bank of America increased its activity in the channel. The top three companies now account for nearly 53% of vendor top 40 originations.... read more

May/June 2024

Monitor’s Top 30 Private Independents experienced a slight lull in originations growth in 2023 after two consecutive years of the highest-reported year-over-year new business volume growths in the ranking’s history. Still, it was a good year for the independents, which reported a collective 14.9% year-over-year new business volume growth. The top five independents are a mix of familiar faces and old friends, consisting of Stonebriar, GreatAmerica, PEAC Solutions, Fleet Advantage and Auxilior Capital Partners.... read more

Mar/Apr 2024

Monitor’s Bank 50 remained resilient in 2022, reporting an 8.6% increase in net assets and a 10.2% upswing in originations. Most banks anticipated a continued trajectory of growth to year-end 2023 — whether they can accomplish this feat remains to be seen.... read more

Nov/Dec 2023

The Monitor 101+ companies expanded their ranks to 41 players and achieved a 49.2% gain in portfolio size and a 51.5% increase in new business volume while forecasting an optimistic outlook for year-end 2023.... read more

Monitor 101+ 2023

Monitor’s Vendor Top 40 achieved the highest percentage gain ever recorded by the group in the history of the ranking. The top two companies — DLL and Wells Fargo — retained their positions as shake-ups continued to occur throughout the rest of the channel.... read more

May/June 2023

Despite a litany of macroeconomic challenges, in another banner year, Monitor’s Top 30 Private Independents built on a record-setting 2021 to produce a 30.8% increase in new business volume in 2022.... read more

Mar/Apr 2023

After experiencing a deep pandemic-related drop in new business volume in 2020, the Bank 50 rebounded to achieve a 6% year-over-year increase in new business volume in 2021. Although the group’s collective portfolio declined slightly, the banks anticipated a trajectory of net asset growth by year end.... read more

Nov/Dec 2022

This year’s Monitor 101+ companies featured a wide range of players, with the group combining to increase total assets by 20% and new business volume by 30.8% even as economic pressures such as inflation, supply chain disruptions and the war in Ukraine continue to mount and throw uncertainty on projections for the future. ... read more

Monitor 101 2022

The Monitor 100 rebounded from the initial impact of the COVID-19 pandemic, posting a modest gain in net assets and the largest uptick in originations since 2012. The group managed this feat amid a tight labor market and backlogged supply chain. And although soaring inflation, rapidly rising rates and recession fears have joined the maelstrom in 2022, the group remains optimistic for future growth.... read more

Monitor 100 2022

The vendor channel experienced a resurgence in 2021, reporting 10.9% growth in activity — the highest percentage gain achieved by the group since 2013. The top three — DLL, Wells Fargo Equipment Finance and Bank of America Global Leasing — held on to their ranks while major shifts took place in the channel due to a flurry of acquisition activity and new entrants. ... read more

May/June 2022