Industry

ECN Capital Sells 55% of Existing Rail Portfolio to Trinity Affiliates

ECN Capital entered into a agreement to sell railcar assets to affiliates of Trinity Industries Leasing for proceeds of $360 million. read more

Stonebriar Closes $23MM Equipment Lease with Equipment Rental Company

Stonebriar Commercial Finance closed a $23 million equipment lease with a privately held market leader in the industrial equipment rental business. read more

U.S. Bank Launches Digital Small Business Lending

U.S. Bank has created a new, fully digital option for small businesses to apply for and receive a loan or line of credit. Single owner businesses can quality for up to $250,000 through the all-digital process. read more

Crestmark Provides More than $35MM in Financing in H1/September

Crestmark provided more than $35 million in financing across four different divisions in the first half of September 2018. read more

Virgo Investment Group Partners with ex-CIT Aerospace Execs to Expand Aviation Business

Virgo Investment Group is expanding its aviation business via Zephyrus Aviation Capital. Several former CIT Aerospace executives have partnered with Virgo to transform Zephyrus into a full-service platform, and the company is completing a large portfolio acquisition. read more

Veterans Capital Extends Future Farm $500K Equipment Lease LoC

Future Farm Technologies extended its $500,000 conditional lease commitment with specialty finance company Veterans Capital. read more

Silvestro Celebrates 10 Years at Flexjet CEO

Flexjet recognized Michael Silvestro as he marks 10 years as CEO, making him the fractional private jet industry’s longest-tenured CEO. read more

The Cambridge Capital Group Launches New Website

The Cambridge Capital Group, a Southern California independent commercial finance company, launched a redesigned website. read more

Colonnade Publishes Report on Small Ticket Finance & Leasing

Colonnade Advisors released a report on the small ticket equipment finance and leasing industry, noting the sector generates over $330 billion in transaction volume annually. read more

LaSalle Solutions Named a Top 20 Most Promising Cisco Solution Provider

LaSalle Solutions was recognized as one of the top Cisco Solution Providers of 2018 by technology magazine CIOReview. read more

CIT Arranges $93.7MM Facility for Tanker Solutions

CIT’s Maritime Finance unit served as sole lead arranger on a $93.7 million senior secured credit facility for Tanker Solutions, a shipping company managed by Prime Marine, an operator of international shipping vessels. read more

ELFF: Equipment Finance Industry Confidence Increases in September

Confidence in the equipment finance market rose in September compared to August numbers, according to the ELFF Monthly Confidence Index. read more

Encina EF Provides $10MM Lease Line to Crane Services Company

Encina Equipment Finance provided a $10 million equipment lease line to a crane services company. read more

White Oak Healthcare Refinances SNFs for Granite Investment

White Oak Healthcare Finance acted as sole lender and administrative agent on the funding of a $33.2 million senior credit facility for Granite Investment Group. read more

Onset Financial Funds $15MM for International Automotive Supplier

Onset Financial financed $15 million in relatively unsecured international equipment for an automotive supplies company that has experienced extraordinary growth over the past few years. read more

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