Small business loan approval percentages at big banks slipped again, falling from 14.5% in December to 14.4% in January 2023, according to the latest Biz2Credit Small Business Lending Index. However, approval rates at small banks and non-bank lenders improved. read more

FEB 8, 2023 - 7:00 am

Baystone Government Finance, part of KS StateBank and based in Manhattan, KS, reported a company record 2022 year in new business volume and remains optimistic about 2023 due to rising demand for equipment and vehicles from schools and counties across the United States.  read more

FEB 8, 2023 - 6:56 am

SLIM Capital reported a 39.6% increase in its average amount funded and an overall funding volume increase of 5.91% in 2022 compared with 2021.  read more

FEB 7, 2023 - 7:13 am

TopMark Funding closed 2022 with 92% year-over-year revenue growth while holding margins. Despite the economic headwinds and challenges in the transportation market, TopMark garnered impressive numbers in Q4/22, exceeding its Q4/21 revenue by 25%. read more

FEB 7, 2023 - 7:09 am

Economic activity in the services sector grew in January after contracting in December following 30 consecutive months of growth, with the Services PMI registering 55.2%, according to the latest Services ISM Report On Business from the Institute for Supply Management. read more

FEB 6, 2023 - 7:11 am

Sales of natural gas-powered vehicles were mixed in the September to November time period in 2022, according to ACT Research. September activity surpassed its prior-year level by 29%, but both October and November lagged the prior year’s comparisons by 9%. read more

FEB 6, 2023 - 7:09 am

December 2022 net US trailer orders of 57,300 units were nearly 46% higher compared to November and 115% above December 2021, according to this month’s issue of ACT Research’s State of the Industry: U.S. Trailers report. read more

JAN 30, 2023 - 7:15 am

According to ACT Research's latest State of the Industry: U.S. Classes 3-8 Used Trucks, used Class 8 retail volumes (same dealer sales) increased 16% month to month in December. read more

JAN 27, 2023 - 7:10 am

New survey results from International Data Corporation (IDC) show that data sovereignty and compliance are now an important factor in shaping IT selection and design decisions. read more

JAN 26, 2023 - 7:14 am

Citizens announced its Citizens Business Conditions Index (CBCI) dropped to 48.5 in Q4/22, ending a streak of eight consecutive quarters in growth mode above 50 and reflecting cooling sentiment as rate hikes from the Federal Reserve have their intended effect. read more

JAN 25, 2023 - 7:20 am

According to a report from CoBank, the U.S. economy will progressively slow through the first half of 2023 as fears of a recession remain high. However, with the unemployment rate at a 53-year low and inflation trending lower, forecasts are turning at least a little less gloomy. read more

JAN 23, 2023 - 7:15 am

According to a new outlook report, Kroll Bond Rating Agency remains optimistic about the gradual but certain recovery in the aviation markets despite another year of upheaval in economies globally in 2022, which was exacerbated by geopolitical tensions. read more

JAN 20, 2023 - 6:48 am

According to a new study from Biz2Credit, during the recent period of highest inflation, the average monthly expenditure of small businesses fell by 5% from $11,401 in Q1/22 to $10,884 in Q3/22. read more

JAN 20, 2023 - 6:44 am

According to the Equipment Leasing & Finance Foundation’s January 2023 Monthly Confidence Index for the Equipment Finance Industry, overall confidence in the equipment finance market is 48.5, an increase from the December index of 45.9. read more

JAN 19, 2023 - 7:07 am

According to a survey from Balboa Capital that asked small business owners about their Small Business Administration (SBA) loan borrowing practices and volumes in 2022, 31.25% of small business owners applied for SBA loans in 2022 and 61.9% of SBA loan requests were approved. read more

JAN 19, 2023 - 6:56 am