Ritchie Bros. held its second Fort Worth, TX, auction of the year, selling more than $60 million of equipment and trucks for more than 700 consignors. The three-day online auction yielded year-over-year gross transaction value growth of approximately 9%. read more

MAY 27, 2022 - 7:37 am

As part of its updated partnership with Alfa, Lloyds Bank will transition to Alfa Systems v5, a cloud-based system that will automate its asset finance solution’s customer servicing, income collection and recovery and pay-out handling. read more

MAY 26, 2022 - 7:49 am

QuickFi was voted best in show at Finovate Spring 2022, a financial technology event series and digital engagement platform. QuickFi participated with 52 other companies at the event. read more

MAY 24, 2022 - 7:11 am

Encina Equipment Finance provided a $20 million loan to an automobile repair company for the purchase of various equipment for new store locations. read more

MAY 23, 2022 - 7:15 am

Inspiration Mobility, a sustainable infrastructure platform dedicated to accelerating the electrification of transportation, secured an additional $215 million of capital and added Gary Gadsden and Chris Getner to its leadership team. read more

MAY 20, 2022 - 7:11 am

According to the Equipment Leasing & Finance Foundation’s May 2022 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI), overall confidence in the equipment finance market is 49.6, a decrease from the April index of 56.1. read more

MAY 19, 2022 - 7:14 am

Equipment Finance Cares will hold its next event on June 21 from 1:30 p.m. to 7 p.m. CST at the Midland Hills Country Club in Roseville, MN. read more

MAY 19, 2022 - 7:08 am

In its May market trends report, Ritchie Bros. reported pricing is still up year over year, but some month-to-month inflation rates are slowing. For example, in the United States, truck tractor prices are up approximately 52% year over year after they were up 58% year over year in last month's report. read more

MAY 18, 2022 - 7:09 am

Ritchie Bros. conducted its largest-ever auctions in Ontario and Manitoba, selling more than C$102 million ($78 million) of equipment and trucks. The auctions attracted 11,900 registered bidders to compete for more than 6,400 items at both events. read more

MAY 17, 2022 - 7:09 am

The Certified Lease & Finance Professional (CLFP) Foundation added 14 CLFPs and associates. read more

MAY 16, 2022 - 7:28 am

BrightReps rebranded as FlowEQ and unveiled an expanded solution that goes beyond customer support to help all teams that need to accelerate important recurring workflows. read more

MAY 16, 2022 - 7:22 am

Inc. Magazine named Dakota Financial to its 2022 Best Workplaces list. The Inc. Magazine Best Workplaces list recognition is awarded to companies that have a clear purpose and strong leadership that makes the parts work together. read more

MAY 16, 2022 - 7:19 am

Crestmark Equipment Finance provided $10,080,680 in 11 new large-ticket transactions and $2,320,351 in 20 new small-ticket vendor transactions in the second half of April. read more

MAY 16, 2022 - 7:16 am

ACT Research’s preliminary reports show that net trailer orders in April were 16,100 units, down almost 60% from the previous month and up slightly from the same month last year. read more

MAY 16, 2022 - 7:12 am

CIT’s power and energy business served as coordinating lead arranger on $714 million in financing for a portfolio of thermal generation assets in California. The proceeds will be used to refinance a 1.8-gigawatt portfolio managed by Middle River Power. read more

MAY 12, 2022 - 7:40 am