Industry

CIT Power and Energy Leads Construction Financing for Texas Solar Project

CIT’s power and energy business served as coordinating lead arranger of construction financing for a major new solar energy project in Texas. read more

ELFF Projects 1.8% Growth in US Economy in 2022

The Equipment Leasing & Finance Foundation released the Q4 2022 Equipment Leasing & Finance Industry Snapshot. Projections for the U.S. economy predict growth by 1.8% in 2022, after contracting in the first half of the year, mainly due to weaker inventory investments. read more

Northteq and Notarize Launch Online Notarization Product

Northteq, a provider of Salesforce origination solutions, partnered with Notarize to launch a product suite that will allow lenders to stay competitive and provide a simple way to help borrowers get their documents notarized securely from any device. read more

Risk Management Soars Past Revenue Growth as Top Priority for Finance Leaders

According to U.S. Bank’s 2022 CFO Insights Report, finance leaders’ priorities have shifted as they work to help guide their firms through choppy waters, with risk identification among the most cited top priorities among survey respondents. read more

M&A Forecast Strong Despite Rising Interest Rates

According to a new Grant Thornton survey of merger and acquisition professionals, 72% of respondents expect deal volume to increase over the next six months despite rising interest rates threatening access to capital and uncertainty about a potential increase in capital gains taxes. read more

Ritchie Bros. Generates More Than $73MM at Edmonton Auction

Ritchie Bros. attracted more than 16,500 bidders to compete for more than 10,000 items, generating more than C$99+ million ($73 million) in gross transaction value at its fifth Edmonton, AB, auction of the year. read more

TopMark Funding Closes Q3 with Record-Setting Growth

TopMark Funding, a funding destination for commercial vehicle dealerships and small to midsized fleets, experienced record-setting growth as it closes out the last three months of the year. In Q3/22, TopMark Funding exceeded its revenue goal by 27%. read more

Solifi Earns Great Place to Work Honor from The Secured Lender

The Secured Lender named Solifi to its inaugural 2022 Great Places to Work list. read more

Iveco Group Signs More Than $390MM Syndicated Term Facility

Iveco Group signed a more than $390 million syndicated term facility with 14 European banks. read more

EEF Provides $25MM Lease Line to Global Media Solutions Company

Encina Equipment Finance provided a $25 million lease line to a global media solutions company to finance newly acquired production equipment. read more

Phoenix Lending Survey: Inflation is Driving Economic Conditions and Consumer Spending

Phoenix Management’s “Lending Climate in America” survey results reveals the impact inflation is having on global economic conditions and consumer spending. read more

Regents Capital Closes on $100MM Bank Credit Facility

Regents Capital, a provider of equipment leasing and financing solutions to middle-market borrowers, closed a three-year, $100 million revolving bank credit facility. read more

Tamarack Technology Launches New Domain – Tamarack.ai

Tamarack Technology launched a new website domain – tamarack.ai. The domain change supports the company’s vision for the future of equipment finance. read more

Tenet Secures Warehouse Facility with Funding from Silicon Valley Bank

Tenet, an electric vehicle financing platform, secured an electric vehicle only warehouse facility by entering into a warehouse financing agreement of up to $20 million with Silicon Valley Bank to fund Tenet's electric vehicle loans. read more

ELFF Releases Q4 Update, Forecasts Expansion in Equipment and Software Investment

According to the 2022 Equipment Leasing & Finance U.S. Economic Outlook released by the Equipment Leasing & Finance Foundation, demand may soften in several end-user markets over the rest of the year due to high interest rates and expectations for further rate hikes in Q4. read more

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Terry Mulreany
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