Industry

Centra Funding Joins APPROVE Lender Network

Centra Funding, an equipment financing company, joined the APPROVE lending network, a fintech solution with algorithms that match B2B equipment buyers with equipment financing options. read more

Alfa Systems Goes Live with PEAC Finance

Alfa, the creator of asset finance software platform Alfa Systems, completed a project go-live with PEAC Finance. read more

Onset Financial Hosts Fourth Annual Onset Gives Winter Gala

Onset Financial recently hosted its fourth annual Onset Gives Winter Gala at The Grand America in Salt Lake City. The event was held in honor of those affected by breast cancer, with a focus on awareness and early detection. read more

Credit Suisse, Natixis, UMB Agent $600MM Warehouse Credit Facility for Vmo Aircraft Leasing

Vmo Aircraft Leasing closed a five-year, $600 million senior secured warehouse facility. Credit Suisse Securities and Natixis Corporate and Investment Bank are the co-structuring agents and joint lead arrangers of the facility. UMB Bank is the administrative agent and the security trustee. read more

Aircastle Closes $100MM Unsecured Revolver with Mizuho Marubeni Leasing

Aircastle closed a $100 million senior unsecured revolving credit facility with Mizuho Marubeni Leasing America, a wholly-owned subsidiary of Mizuho Marubeni Leasing based in the United States. The facility expires in November 2023. read more

ELFA Reveals Compensation in Equipment Finance Industry Was Flat in 2020

Compensation in the equipment finance industry was relatively flat in 2020, according to the 2021 Equipment Leasing and Finance Compensation Survey from the Equipment Leasing and Finance Association. read more

Fortune Names First American Equipment Finance One of the Best Workplaces for Parents

Fortune and Great Place to Work named First American Equipment Finance one of the 2021 Best Workplaces for Parents. This is First American’s first time being named to this list, with the company coming in 49th place. read more

Greenbrier Receives Orders for 6,200 Railcars Valued at $670MM

The Greenbrier Companies received new orders for 6,200 railcar units with a combined value of $670 million during the first fiscal quarter that began on Sept. 1. Greenbrier also received orders to rebody 1,400 railcars as part of its railcar conversion program. read more

Verdant Commercial Capital Moves HQ

Verdant Commercial Capital moved its headquarters to a new location in Cincinnati. read more

Stypulkoski to Lead Master Workshop on Innovation, Leadership and Curiosity for STRIPES Leadership Program

Denis Stypulkoski, founder and principal of Reimagine Advisors, will lead a Master Workshop titled Innovation Begins with Leadership — Enabled through Culture & Fueled by Curiosity for STRIPES Leadership Program, the professional and personal leadership development program designed to challenge and inspire best-in-class leaders within the equipment finance industry in partnership with Monitor. read more

ELFA to Host Webinar on Commercial Financing Disclosure Laws in New York and California

The Equipment Leasing and Finance Association will conduct a webinar on Dec. 15 outlining the latest information and practical tips concerning commercial financing disclosure laws that are slated to take effect in 2022 in New York and California. read more

CIT Arranges $210MM in Financing for Solar Project in Texas

CIT’s power and energy business served as coordinating lead arranger on nearly $210 million in financing for a solar project in Brazoria County, TX. read more

ELFA: New Business Volume in Equipment Finance Industry Rises 16% Y/Y in October

According to the Equipment Leasing and Finance Association, overall new business volume in the equipment finance industry for October was $10.7 billion, up 16% year over year from new business volume in October 2020. read more

Equipment Finance Cares Hosts 45 Industry Professionals at Latest Event in Costa Mesa, CA

Equipment Finance Cares held an event last week at Regents Capital’s headquarters in Costa Mesa, CA. More than 45 equipment finance professionals representing 30 different organizations attended the event.  read more

Ritchie Bros. Sells More Than $45MM of Equipment at Auction in Orlando, FL

Ritchie Bros. sold more than 3,300 equipment items and trucks for more than 375 consignors, generating more than $45 million in gross transaction value at its final auction in Orlando, FL, in 2021. read more

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Terry Mulreany
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