Industry

Ritchie Bros. Holds Record-Breaking Auction in Tipton, CA

Ritchie Bros. sold more than 2,200 equipment items and trucks in a February 16 auction in Tipton, CA for more than $22 million. read more

First American Equipment Finance Surpasses $1B in NBV for First Time

First American Equipment Finance grew its new business volume by 70% in fiscal 2017, surpassing $1 billion for the first time. read more

Crestmark Closes 15 Transactions Totaling $18.45MM in H1/Feb

Crestmark secured a total of $18.45 million in financial solutions for 15 new clients in the first half of February. read more

Two Tamarack Clients Go Live with Loan/Lease Origination Accelerator

Tamarack Consulting took two of its new clients live on Salesforce utilizing its proprietary Loan/Lease Origination Accelerator. read more

ARA Forecasts Equipment Rental Industry to Grow to Nearly $60B by 2021

In its latest five-year forecast, the ARA expects equipment rental industry revenue to continue to grow consistently in the U.S. over the next five years, resulting in total revenue of $59.6 billion in 2021. read more

CIT Northbridge Provides $25MMM Facility for Equipment Rental Company

CIT Northbridge Credit served as sole lead arranger on a $25 million revolving line of credit facility provided to Midwest High Reach, an independent equipment rental company in the Chicago area. read more

Ritchie Bros. Sells $40MM Worth of Equipment in Houston

Ritchie Bros. Auctioneers sold more than 3,800 equipment items over two days for more than $40 million at its first Houston auction of 2018. read more

Equipment Leasing Industry Confidence Remains High in February

According to the Equipment Leasing & Finance Foundation’s monthly index, confidence in the equipment finance market is 73.2 in February, easing from 75.3 in January, which was an all-time high level for the index. read more

Peapack Capital Originates $152MM in 2017

Peapack Capital, a subsidiary of Peapack-Gladstone Bank, funded equipment finance transactions totaling $152 million for commercial and corporate clients in 2017, its first year of operations. read more

Bibby Transportation Finance Nearly Doubles Business in 2017

Bibby Financial Services provided $35 million in commercial financing to 64 new clients in North America during Q4/17. In addition, Bibby Transportation Finance nearly doubled its business in 2017. read more

Cloud Lending Solutions Enhances Platform with Latest Software Release

Cloud Lending Solutions upgraded its front-to-end lending platform with the release of Lynx, which will aid clients using CL Loan, CL Lease, CL Originate, CL Collections, CL Marketplace and CL Portal. read more

LaSalle Retains Cisco Gold Designation Status

LaSalle Solutions once again achieved Gold Certification, Master Security Specialization and Master Collaboration Specialization from Cisco. read more

ENGS Construction Division Launches Electronic Signature Documentation

ENGS Commercial Finance launched a secure electronic signature documentation solution for its Construction division. read more

Banks Embracing Blockchain to Manage Foreign Exchange

CFO reported that banks are increasing their use of blockchain technology, in part, because it enables them to more efficiently manage foreign exchange transactions. read more

LCI Partners with CIT, Prudential on Inaugural Capital Markets Financing

Lease Corporation International, the helicopter lessor and aviation division of the Libra Group, closed its inaugural capital markets term loan financing, with a value in excess of $55 million. read more

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