Industry

Daimler Group Considers Divisional Restructuring

Daimler may create three legal independent entities, separating Mercedes-Benz Cars & Vans from Daimler Trucks & Buses in addition to existing independent division Financial Services. read more

CLFP Foundation Adds 22 to Ranks, Nears 500 Certified

The Certified Lease & Finance Professional Foundation announced that 22 individuals who sat for the eight-hour web-based exam have passed. read more

Equipment Leasing Industry Confidence Remains Steady in October

According to the Equipment Leasing & Finance Foundation’s monthly index, confidence in the equipment finance market is 63.7 in October, unchanged from the September index. read more

Fleet Financing Resources Records 14.5% Volume Growth

Fleet Financing Resources reported origination volume was $56 million, up 14.5%, while revenues and net income were up 17% and 23.5%, respectively, for the nine months ending September 30, 2017. read more

Crestmark Closes 24 Transactions Totaling $43.4MM in H1/Oct

Crestmark secured a total of $43.4 million in financial solutions for 23 new clients in the first half of October. read more

IronPlanet Gets Access to RBFS, Extends Relationship with DOD

Ritchie Bros. Financial Services will now serve as a preferred provider for IronPlanet, which also extended an expanded its relationship with the U.S. Department of Defense. read more

First American Ranked No. 25 Medium-Size Workplace in U.S.

FORTUNE and Great Place to Work named First American Equipment Finance the No. 25 best medium-size workplace in the U.S. read more

Survey Shows Modest Growth in Equipment Finance Industry Compensation

Compensation in the equipment finance industry increased modestly in 2016, according to a survey from the Equipment Leasing and Finance Association and McLagan. read more

M&T Ranks 8th Nationally in Small Business Lending

M&T Bank ranked eighth nationally in providing new U.S. Small Business Administration 7(a) loans during the recently completed 2017 federal fiscal year. read more

NETSOL Goes Live with German Auto Manufacturer in South Korea

NETSOL Technologies successfully implemented its NFS Ascent Loan Origination System in South Korea for a German auto manufacturer. read more

Alta to Survey Industry Executives for Digitization Benchmark Study

The Alta Group, Invigors EMEA and The Alta Group Latin American Region will conduct an independent study to benchmark the status of digitization by equipment leasing and finance companies. read more

KeyBank Earns Top 10 Ranking Among SBA 7(a) Lenders Nationally

KeyBank has extended $318 million in approved dollars over the course of the year, representing a 43% jump in dollar volume from 2016 levels. read more

Gemino Provides $20MM ABL Facility to Medical Services of America

Gemino Healthcare Finance served as sole lender for a $20 million senior secured asset-based revolving credit facility to Medical Services of America. read more

LeaseQ Offers Payment Deferral Program for Businesses Hurt by Hurricanes

LeaseQ is offering equipment financing with no payments for 90 days for business owners needing to quickly replace equipment in the wake of recent natural disasters. read more

Stonebriar Closes $23MM Equipment Lease for Chemical Manufacturer

Stonebriar Commercial Finance closed a $23 million single investor equipment lease with a global specialty chemical manufacturer. read more

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