OneWater Marine amended its inventory financing facility with Wells Fargo Commercial Distribution Finance to increase the inventory-based line of credit to $500 million and extend the term through Dec. 1, 2023. read more

JAN 7, 2022 - 5:36 am

CIBC entered its 16th specialty banking area, adding an equipment finance team within its U.S. commercial banking group. Matthew Green, formerly of J.P. Morgan, will lead the new equipment finance team at CIBC. read more

JAN 6, 2022 - 6:34 am

STRIPES Leadership Program created a new Master Workshop in which renowned leaders of the equipment finance industry will share their deep knowledge of the industry, their unique leadership journeys and strategies, and how they honed the tools and skills required for leadership throughout their careers. read more

JAN 6, 2022 - 6:33 am

Hut 8 Holdings, a wholly-owned operating subsidiary of Hut 8 Mining, a digital asset miner, entered into a $30 million senior secured equipment financing term loan with Trinity Capital. read more

JAN 6, 2022 - 6:28 am

Great Place to Work, an authority on workplace culture, certified Amur Equipment Finance as a Great Place to Work for the fourth year in a row. This year, Amur employees rated Amur Equipment Finance 31 points higher than the average U.S. company. read more

JAN 6, 2022 - 6:24 am

Honour Capital, which was launched in October 2020, completed transactions totaling more than $100 million in capital financing in 2021. read more

JAN 5, 2022 - 6:26 am

Dedicated Commercial Recovery and Lease Security Systems entered an agreement to form a mutual referral relationship. The agreement centers on Dedicated Commercial Recovery’s use of Lease Security Systems’ Blok Box. read more

DEC 29, 2021 - 6:13 am

CIT’s maritime finance business provided $35.5 million to finance four commercial shipping vessels operated by Greenyield Shipping. read more

DEC 29, 2021 - 6:11 am

Ritchie Bros. attracted more than 12,400 registered bidders for its latest used equipment and truck auction in Fort Worth, TX, generating more the $58 million in gross transaction value.  read more

DEC 29, 2021 - 6:04 am

Fleet Advantage recently secured two awards, with Jackie Jacobs earning a place on Monitor’s 2021 Top Women in Equipment Finance listing, while Food Logistics named the company a 2021 Top Software & Technology Provider Award winner. read more

DEC 28, 2021 - 6:35 am

Trinity Capital, a specialty lending company that provides debt, including loans and equipment financing, appointed Richard Hamada and Irma Lockridge to its board of directors. Hamada and Lockridge are filling vacancies created by the retirement of Richard Ward and Edmund Zito. read more

DEC 28, 2021 - 6:17 am

Ritchie Bros. attracted more than 8,500 online bidders from 65 countries to compete for more than 3,400 items in a recent auction in Toronto, generating more than C$44 million ($34.39 million) in gross transaction value and setting a new December record for the site. read more

DEC 28, 2021 - 6:14 am

At its recent auction in Chehalis, WA, Ritchie Bros. sold more than 2,600 equipment items and trucks for more than 500 owners, generating more than $41 million in gross transaction value. read more

DEC 27, 2021 - 6:44 am

According to the Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index (MLFI-25), overall new business volume for November was $7.9 billion, up 8% year over year from new business volume in November 2020. However, volume was down 26% from $10.7 billion in October. read more

DEC 22, 2021 - 6:23 am

According to a survey from Balboa Capital, 82% of small business owners plan to use Section 179 of the Internal Revenue Code to deduct the cost of qualifying equipment purchased or financed in 2021. read more

DEC 22, 2021 - 6:19 am