Industry

Webster Bank Continues Support for East Coast Greenway Alliance

As part of its continued commitment to the environment, Webster Bank has contributed to the East Coast Greenway Alliance, which supports nearly 250 miles of trails running through Connecticut and Rhode Island. read more

Crestmark Equipment Finance Secures More Than $18MM in Lease Transactions in H1/Sept

Crestmark secured more than $27.3 million in commercial financing transactions in the first half of September, with Crestmark Equipment Finance providing $18,189,322 across eight new lease transactions in that time. read more

Equipment Leasing Confidence Rises in September, Default Expectations Remain Steady

According to the ELFF’s September 2020 Monthly Confidence Index for the Equipment Finance Industry, confidence in the equipment finance market is 56.5, an increase from the August index of 48.4. read more

NFS Leasing Supports Testing Laboratory Facing Increased Demands Amid COVID-19

NFS Leasing completed an equipment finance agreement for existing customer Molecular Testing Labs, which required additional laboratory testing equipment quickly as demands soared due to COVID-19 concerns. read more

Blue Bridge Closes Extension of $10MM Investment Grade Corporate Notes

Blue Bridge Financial closed a three-year extension of its $10 million corporate notes provided by a U.S.-based insurance company. The transaction was reaffirmed at BBB in July 2020. read more

Leasepath Goes Live with Auto Finance Captive

Leasepath launched its flagship product with an auto finance captive based in Michigan. The captive will leverage Leasepath’s intelligent workplace capabilities to service its municipal/commercial fleet operation. read more

Executive Solutions and Rinaldi Advisory Services Enter Strategic Partnership

Rinaldi Advisory Services and Executive Solutions for Leasing and Finance entered into a partnership, which will bring together Rinaldi Advisory Services’ industry experience with Executive Solutions for Leasing and Finance's human capital and talent expertise. read more

eOriginal Experiences Growth in Securitization, Equipment Finance Volume

eOriginal reported growth across its digital lending business, including a 39% increase in securitization volume and a 31% increase in equipment finance volume. read more

Eight Takeaways from Monitor Live+: ‘Charting the Course Through the Pandemic & Beyond’

On Sept. 10, Monitor hosted part one of its new Live+ series, “Charting the Course Through the Pandemic & Beyond.” The livestream served as a platform to answer critical questions on the changes happening presently and what the industry should anticipate for the future. read more

Summit Funding Group Expands Headquarters in Ohio

Summit Funding Group is expanding and remodeling its headquarters in Mason, OH. The renovations bring the company’s office space to a total of 20,000 square feet. read more

Monitor Live+ EF Companies: Adopting & Accelerating Technology Open for Registration

Registration is open for Monitor’s next Live+ event, “EF Companies: Adopting & Accelerating Technology,” which will be held on Thursday, September 17 at 1:00 p.m. ET. Sponsored by IDS, the event will feature a panel of technology leaders, including:Tina Cartwright, John Hurt, Steve Siler and Chris Thorpe. read more

Centurion Names LEAF its Exclusive Finance Partner

Centurion Service Group, a reseller of equipment, chose LEAF Commercial Capital as its exclusive financing partner. read more

Sertant Capital Completes $6.6MM in Funding

Sertant Capital completed nine transactions totaling $6.6 million in July 2020, including $3 million for aerial lift equipment for a national equipment rental company and $2.9 million for transportation equipment to be utilized by a national independent transportation company. read more

Dext Capital Achieves 117% Growth YTD, Promotes McGuigan & Hires Humphrey

Since the beginning of the year, Dext has experienced year-over-year growth of 117%. Dext promoted Kyle McGuigan to credit analyst from junior credit analyst and hired Carmen Humphrey as contract administrative officer. read more

Alfa Releases Second Paper on AI, “Using Machine Learning in the Wild”

Alfa, provider of Alfa Systems, released its second paper on artificial intelligence in the industry. Part 2: Using Machine Learning in the Wild explores two specific use cases which take very different approaches to machine learning implementation. read more

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