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

NOV 23, 2021 - 6:04 am

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

NOV 23, 2021 - 6:00 am

Utica Leaseco and Utica Equipment Finance completed three transactions totaling $2.74 million between Nov. 15 and Nov. 19, including a $1.3 million capital lease secured by machinery and equipment to a multi-location coal mining company. read more

NOV 22, 2021 - 6:40 am

Solifi (formerly IDS), a financial technology software partner for secured finance companies, has secured 11 new customers and 14 ‘go-lives’ so far in 2021. read more

NOV 19, 2021 - 6:51 am

First American Equipment Finance opened its new headquarters in Victor, NY, on Nov. 1. Since 1999, First American’s headquarters were located in Fairport, NY. read more

NOV 19, 2021 - 6:39 am

According to the Equipment Leasing & Finance Foundation’s November 2021 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI), overall confidence in the equipment finance market is 64.6, an increase from the October index of 61.1.   read more

NOV 18, 2021 - 6:41 am

According to Ritchie Bros.' November Market Trends Report, medium earthmoving equipment prices were up 36% in the United States, while truck tractor and vocational truck prices were up 45% and 34%, respectively, for the three months ending Oct. 31.   read more

NOV 17, 2021 - 6:32 am

STRIPES Leadership Program, in partnership with Monitor, is excited to announce the launch of Cohort No. 2 in February 2022. STRIPES is a 10-month professional and personal leadership development program designed to challenge and inspire best-in-class leaders within the equipment finance industry. read more

NOV 16, 2021 - 6:41 am

HSBC Bank and Fifth Third Bank served as joint lead arrangers on a five-year, $225 million syndicated asset-based lending credit facility for GA Telesis, an aviation integration company. The facility includes nine participating banks, with HSBC Bank as administrative agent. read more

NOV 16, 2021 - 6:36 am

Crestmark Equipment Finance provided $5,439,199 in nine new transactions and Crestmark Vendor Finance provided $2,367,322 in 25 new transactions in the second half of October. read more

NOV 15, 2021 - 6:44 am

Verdant Commercial Capital expanded its funding capacity through the addition of a $200 million warehouse facility with Wells Fargo Bank. Concurrently, Verdant extended its existing corporate facility with Wells Fargo Lender Finance. read more

NOV 12, 2021 - 6:13 am

During a three-day auction from Oct. 26 to Oct. 28 at its site in Edmonton, AB, Ritchie Bros. sold more than 7,600 equipment items and trucks for more than 950 owners and generated more than C$85 million ($67.51 million) in gross transaction value. read more

NOV 12, 2021 - 6:01 am

Leica Geosystems launched APPROVE, a technology-driven equipment financing solution that integrates financing options into the company’s website and all points-of-sale. KWIPPED developed the solution. read more

NOV 10, 2021 - 6:37 am

The Chicago Tribune awarded ENGS Commercial Finance, a member of Mitsubishi HC Capital Group, a Top Workplace 2021 honor as one of the most dynamic and industry leading business in the Chicagoland area. read more

NOV 10, 2021 - 6:35 am

CIT’s maritime finance business arranged to provide up to $58 million to refinance four container ships operated by Leonhardt & Blumberg. The financing includes both term loan and delayed draw components. read more

NOV 9, 2021 - 6:27 am