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
The Federal Reserve announced that it will raise the target range for the federal funds rate to between 4.5% and 4.75%, marking a quarter point increase. The move was less drastic than its seven rate increases in 2022, with all but one of those lifting rates by three quarters of a point. read more
FEB 2, 2023 - 7:10 am
Utica Equipment Finance completed an $8 million capital lease transaction for an equity group owned wood processing company with multiple locations in the South. read more
JAN 31, 2023 - 7:11 am
Honour Capital provided $5 million in financing to a construction company in the upper Midwest to acquire construction equipment. read more
JAN 27, 2023 - 7:21 am
PNC Financial Services Group announced it closed its latest green bond issuance. The proceeds will fund eligible projects that promote a transition to a low-carbon economy and offer sustainability benefits across four categories. read more
JAN 26, 2023 - 7:13 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 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
Quality Equipment Finance experienced dramatic growth of 33% in origination volume year over year in 2022. Closed transactions totaled more than $125 million and were 99% sourced through third-party originators. read more
JAN 18, 2023 - 7:13 am
MMP Capital, a commercial financing company specializing in equipment financing, leasing and unsecured capital, successfully funded $297 million for customers in 2022, a 45% increase year over year compared to 2021. read more
JAN 18, 2023 - 7:10 am
Financial Partners Group (FPG) celebrated another year of record growth and expansion, closing 2022 with $490 million in origination volume. FPG also reported a 59% increase in its workforce in 2022. read more
JAN 17, 2023 - 7:08 am
Middle market private companies in the Golub Capital Altman Index experienced year-over-year earnings growth of 9% and revenue growth of 11% during the first two months of Q4/22. read more
JAN 13, 2023 - 7:20 am
Global shipments for traditional PCs fell below expectations in Q4/22, as 67.2 million PCs were shipped, down 28.1% from the prior year, according to preliminary results from the International Data Corporation (IDC) Worldwide Quarterly Personal Computing Device Tracker. read more
JAN 13, 2023 - 7:12 am
AP Equipment Financing funded a company record $327 million in 2022, representing 38% year-over-year growth. AP also managed a portfolio of nearly 13,000 contracts and $635 million of receivables. read more
JAN 12, 2023 - 7:14 am