Industry

Monitor Launches New COVID-19 Discussion Forum

Monitor has launched a new COVID-19 discussion forum for the equipment finance industry to discuss the topics relating to the impact of the coronavirus on the industry. read more

CIT Provides Financing for Healthcare Worker Masks

CIT Group provided financing for Aria Designs to procure millions of advanced N95 surgical masks that protect medical professionals battling the COVID-19 pandemic. read more

BofA Agents $400MM Ryder Term Loan

Ryder System entered into a new 364-day unsecured syndicated term loan totaling $400 million with a syndicate of eight large financial institutions led by Bank of America as administrative agent. read more

Monitor Free COVID-19 Livestream Open for Registration

Monitor Live+, a free virtual event to be held on April 16 focused on the disruption of customers and how the Equipment Finance industry is responding, is now open for registration. read more

Encina Provides $25MM Equipment Lease Line to Data Center Operator

Encina Equipment Finance provided a $25 million equipment lease line to a data center operator.  read more

Manufacturing Sector Economic Activity Contracted in March

Economic activity in the manufacturing sector contracted in March and the overall economy grew for the 131st consecutive month. read more

Regions Bank Closes Ascentium Capital Acquisition

Regions Bank closed its acquisition of Ascentium Capital, an independent equipment finance lender serving small businesses. read more

Alfa Financial Software Inks Contract with Vehicle Manufacturer

Alfa Financial Software signed a new contract with a top 10-ranked US vehicle manufacturer. read more

FASB to Address Standard-Setting Issues During COVID-19 Pandemic

The Financial Accounting Standards Board will discuss plans to support stakeholders as they navigate the impact of the pandemic at its April meeting. read more

Koshi Appointed Executive Chairman of the Board for MUFG

MUFG appointed Kazuo Koshi executive chairman of the board of directors for MUFG Americas Holdings and MUFG Union Bank. read more

Marlin Terminates Capital Maintenance and Liquidity Agreement with FDIC

Marlin Business Services terminated its Capital Maintenance and Liquidity Agreement with the Federal Deposit Insurance Corporation. read more

Cardinal Outlines CARES Act Relief to Small Businesses

Cardinal Business Financing outlined the relief provided to small businesses in the Coronavirus Aid, Relief, and Economic Security Act. read more

Celtic Capital Provides $200K Equipment Loan to Indiana Manufacturer

Celtic Capital provided a $200K equipment loan an Indiana-based manufacturer of all aspects of commercial and industrial sheet metal installations. read more

PLM Completes Partnership with Affiliates of Marubeni and Mizuho Leasing

PLM Fleet dba PLM Trailer Leasing finalized its partnership with a U.S. subsidiary of Mizuho Leasing, MM Wheel, which acquired a 50% membership interest of PLM from Marubeni America. read more

KeyBank Supports Customers & Communities Impacted by Coronavirus

KeyBank has taken several steps to help support its clients facing economic hardship due to the spread of COVID-19. read more

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Terry Mulreany
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