TimePayment, a financial technology company specializing in commercial and specialty equipment lease financing, raised its limit for automated approvals for qualified lessees from $15,000 to $25,000. read more
NOV 29, 2022 - 7:13 am
According to ACT Research, used Class 8 retail volumes were down 19% month to month in October, while average mileage was flat, average price was down 2% and age was up 5%. Longer term, average price and miles were higher year over year, with prices up 15%. read more
NOV 28, 2022 - 7:20 am
According to ACT Research, October net U.S. trailer orders of 47,860 units were 83% higher compared to September, up 57% on a seasonally-adjusted basis and 171% above last year's October level. read more
NOV 23, 2022 - 6:57 am
According to Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index (MLFI-25), new business volume in the equipment finance industry for October was $11.3 billion, up 6% year-over-year from new business volume in October 2021. read more
NOV 22, 2022 - 7:23 am
According to a study from WSFS Bank examining Mid-Atlantic small business trends, nearly half of respondents (45%) are considering new loans to reinvest in their businesses by purchasing equipment. read more
NOV 21, 2022 - 7:09 am
According to the Equipment Leasing & Finance Foundation, overall confidence in the equipment finance market is 43.7, a decrease from the October index of 45. The ELFF has reported a decrease in its confidence index in each of the last three months. read more
NOV 17, 2022 - 7:22 am
A new study published by Biz2Credit found that information technology (IT) firms had the highest average revenue ($955,793) and the best average credit score (658) and received the highest average amount of financing ($131,743) when they sought credit in 2021. read more
NOV 16, 2022 - 7:04 am
United Rentals entered into an agreement to acquire the assets of the family-owned Ahern Rentals, founded in 1953, for roughly $2 billion in cash. The transaction is expected to close before the end of 2022. read more
NOV 14, 2022 - 7:25 am
AlixPartners, the global consulting firm, released an analysis of the commercial and governmental fleet industry in the United States, finding that operators could be wasting upwards of $75 billion. read more
NOV 11, 2022 - 7:23 am
According to Fitch Ratings’ September 2022 Global Economic Outlook, global interest rates have risen more rapidly than expected in the past two months and a pivot back towards rate cuts in 2023 is unlikely. read more
NOV 11, 2022 - 7:21 am
In the latest release of its Commercial Vehicle Dealer Digest, ACT Research reported slightly lowered forecasts due to the Federal Reserve’s continued action toward inflation, which it says is disproportionally impacting the freight economy. read more
NOV 7, 2022 - 6:48 am
Kroll Bond Rating Agency assigned preliminary ratings to nine classes of notes issued by SCF Equipment Leasing 2022-2, representing the 10th equipment ABS sponsored by Stonebriar Commercial Finance. read more
NOV 4, 2022 - 7:06 am
In its latest move to tame inflation, the Federal Reserve announced that it will raise the target range for the federal funds rate to between 3.75% and 4% on Wednesday, marking the sixth increase this year. read more
NOV 3, 2022 - 7:22 am
According to U.S. Bank’s 2022 CFO Insights Report, finance leaders’ priorities have shifted as they work to help guide their firms through choppy waters, with risk identification among the most cited top priorities among survey respondents. read more
NOV 2, 2022 - 7:12 am
According to a new Grant Thornton survey of merger and acquisition professionals, 72% of respondents expect deal volume to increase over the next six months despite rising interest rates threatening access to capital and uncertainty about a potential increase in capital gains taxes. read more
NOV 2, 2022 - 7:09 am