According to Ritchie Bros.' June Market Trends Report, U.S. truck tractor pricing was up 23% year over year (for the three months ending May 31), while medium earthmoving and vocational truck prices in the United States were up 21%. read more

JUN 10, 2021 - 6:36 am

Balboa Capital closed a $50 million corporate note financing provided by a consortium of U.S.-based institutional investors. Balboa Capital intends to use the proceeds from the issuance to refinance a portion of corporate debt and for general working capital purposes. read more

JUN 9, 2021 - 6:51 am

Small business loan approval percentages at big banks (or those with more than $10 billion in assets) climbed slightly from 13.4% in April to 13.5% in May, according to the latest Biz2Credit Small Business Lending Index. In addition, approvals at small banks jumped from 18.2% in April to 18.7% in May. read more

JUN 9, 2021 - 6:48 am

Global Ship Lease agreed to purchase 12 containerships from Borealis Finance for an aggregate purchase price of $233.9 million. read more

JUN 9, 2021 - 6:39 am

Credit funds and accounts managed by KKR agreed to provide a credit facility of up to $150 million to Jet Edge International, a provider of full-service private aviation that operates a fleet of managed Challenger and Gulfstream aircraft in the United States. read more

JUN 9, 2021 - 6:37 am

The National Cooperative Purchasing Alliance (NCPA), through its Region XIV Education Service Center, awarded TEQlease Capital its annual contract for term financing programs and related services based on TEQlease’s RFP response. read more

JUN 9, 2021 - 6:35 am

STRIPES Leadership Program, a professional and personal leadership development program designed to challenge and inspire best-in-class leaders within the equipment finance industry in partnership with the Monitor, entered an exclusive partnership with Gap International to collaborate on a suite of program components to deliver breakthrough outcomes and organizational performance for the equipment finance industry. read more

JUN 8, 2021 - 6:53 am

The Certified Lease & Finance Professional Foundation reported that 18 individuals recently passed the eight-hour online CLFP exam. There are now 1,022 active CLFPs and Associates in the United States, Canada, India, Africa and Australia. read more

JUN 7, 2021 - 6:46 am

Commercial Credit Group will hold drawings to win one of two $500 gift cards and award them during WasteExpo, which is being held in Las Vegas from June 28 to June 30. read more

JUN 7, 2021 - 6:42 am

Bridge Bank closed a $25 million credit facility with Targeted Lease Capital, a Williamsville, NY-based company that provides equipment finance loans to small businesses. read more

JUN 4, 2021 - 6:57 am

SKY Leasing, an aircraft leasing company, closed an issuance of $663 million of secured notes by SLAM 2021-1 Limited and SLAM 2021-1 LLC (SLAM). SLAM expects to use a portion of the proceeds of the notes to acquire a portfolio of aircraft valued at approximately $885 million. read more

JUN 4, 2021 - 6:54 am

BMO Capital Markets is establishing a dedicated energy transition group to support clients in their pursuit of opportunities driven by the global economy's shift in production and consumption of energy. Aaron Engen and Jonathan Hackett will co-head the new group. read more

JUN 3, 2021 - 6:39 am

According to Fleet Advantage, demand for the sales of its off-lease heavy-duty trucks increased 188% between October 2020 and April 2021 compared with its fiscal first quarter ending Sept. 30, 2020. read more

JUN 3, 2021 - 6:38 am

More than 800 companies sold more than 4,850 equipment items and trucks at Ritchie Bros.’ May Rocky Mountain event, which was held on May 26 and May 27. The auction yielded more than $54 million in sales. read more

JUN 3, 2021 - 6:32 am

Inovatec Systems is partnering with Prime Capital, an Edmonton, AB-based provider of commercial equipment leasing. Through this partnership, Prime Capital will leverage Inovatec’s JAVELIN Direct Portal and JAVELIN Loan Origination System. read more

JUN 2, 2021 - 6:52 am