Non-Tech Small Business Hiring Increases 1.36% in March

According to the latest CBIZ Small Business Employment Index (SBEI), small businesses, aside from those in the technology industry, are showing resilience and a willingness to hire talent, as well as a seasonally adjusted increase of 1.36% in hiring in March. read more

CoBank: Resilient Labor Market Delays Economic Slowdown

According to a new quarterly report from CoBank, inflation remains the biggest economic challenge ahead, but a strong job market and demand for labor is preventing the economy from cooling too quickly. read more

Service Sector Economic Activity Expands for Third-Straight Month in March

According to the Institute for Supply Management’s latest service report, economic activity in the services sector expanded in March for the third consecutive month, as the Services PMI registered 51.2%. The sector has grown in 33 of the last 34 months, with the lone contraction during that span in December. read more

Bankruptcy Filings Increase Across All Chapters in March

According to data provided by Epiq Bankruptcy, new bankruptcy filings in March 2023 registered year-over-year increases across all U.S. major filing categories for the third month in a row. read more

KBRA Assigns Preliminary Ratings to Dext Capital’s Third Equipment ABS Transaction

Kroll Bond Rating Agency assigned preliminary ratings to five classes of notes issued by Dext ABS 2023-1, an equipment ABS transaction. Dext 2023-1 represents the third equipment ABS transaction to be sponsored by Dext Capital. read more

Truckload Spot Market Decreases

According to ACT Research’s recent release of its Freight Forecast, U.S. Rate and Volume Outlook report, the truckload spot market is bottoming as labor capacity slows. read more

Federal Reserve Boosts Rates, Expects Banking Turbulence to Weigh on Inflation

The Federal Reserve announced that it will raise the target range for the federal funds rate to between 4.75% and 5% on Wednesday, marking a quarter point increase and its second such move of 2023. read more

Major US Banks Deposit $30B in First Republic in Wake of Silicon Valley Bank Collapse

Last week, 11 banks, including Bank of America, Citigroup, JPMorgan Chase and Wells Fargo, combined to make $30 billion in uninsured deposits in First Republic Bank to display confidence in the U.S. banking system following the collapse of Silicon Valley Bank. read more

White Oak Global Advisors Originates $1.4B in Lending Activity in 2022

White Oak Global Advisors, together with its financing affiliates, originated $1.4 billion of loan transactions across 60 deals in 2022. read more

Equipment Finance Industry Confidence Eases in March

According to the Equipment Leasing & Finance Foundation’s March 2023 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI), overall confidence in the equipment finance market is at a mark of 50.3, a decrease from the February index of 51.8. read more

Small Business Loan Approvals at Big Banks Slip to 14.2% in February

According to the latest Biz2Credit, small business loan approval percentages at big banks slipped again in February, falling from 14.4% in January to 14.2%. This marks the ninth consecutive month in which big bank approval percentages have declined. read more

FDIC Establishes Signature Bridge Bank as Successor to Closed Signature Bank

The New York State Department of Financial Services closed Signature Bank over the weekend and appointed the FDIC as receiver. The FDIC transferred all deposits and assets to a bridge bank that began operations on Monday. read more

Solifi Report Reveals 84% Growth in Leasing Industry in Last Decade

According to Solifi’s 2023 Global Leasing Report, there was a promising 9.3% increase in new business volume in the leasing industry in 2021. The report also showed the leasing industry has grown 84% in the past decade. read more

Ritchie Bros. Auction Hits More Than $61MM in Houston

Ritchie Bros. attracted more than 14,500 bidders to compete for more than 6,500 items, generating more than $61 million in gross transaction value at its first Houston site auction of the year. read more

KBRA Assigns Preliminary Ratings to Alliance Funding Group’s First Equipment ABS

Kroll Bond Rating Agency assigned preliminary ratings to five classes of notes issued by Alliance Funding Group ABS I, (AFG 2023-1), which represents the first equipment ABS transaction to be sponsored by Alliance Funding Group. read more

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