Ritchie Bros. sold more than 5,700 equipment items and trucks stored at sites in Maryland, Ohio and Pennsylvania for more than $55 million at its recent Northeast regional event. The two-day online auction attracted more than 933,000 website pageviews and a 24% increase in watchlists per item. read more

MAR 29, 2021 - 6:36 am

Fortune and Great Place to Work named First American Equipment Finance one of the Best Workplaces in Financial Services and Insurance. This is First American’s fifth time being named to this list. First American placed sixth in the small and medium category this year. read more

MAR 26, 2021 - 7:13 am

Alliance Funding Group (AFG), a privately-held equipment finance company, closed a $25 million investment grade-rated corporate note financing. AFG intends to use the net proceeds from the transaction to support its on balance sheet growth and structured finance business. read more

MAR 24, 2021 - 6:38 am

As part of its celebration of National Asset Management Awareness Month in March, Fleet Advantage is offering fleet modernization studies for organizations with transportation fleets. read more

MAR 24, 2021 - 6:31 am

According to the ELFA, overall new business volume in the equipment finance industry for February was $7.4 billion, up 9% year over year from new business volume in February 2020. Volume was down 9% month to month from $8.1 billion in January. read more

MAR 23, 2021 - 7:13 am

Willis Lease Finance closed its first transaction utilizing its new revolving credit lease engine financing product (the RCL). Scandinavian Airlines System selected the RCL to finance CFM LEAP and Trent XWB engines. read more

MAR 23, 2021 - 7:05 am

According to a new survey from C2FO, 87% of small and mid-sized businesses (SMBs) have enough liquidity for the next six months, but the cost of borrowing has increased for 32% of SMBS, including 43% of women-owned businesses and 34% of black-owned businesses. read more

MAR 22, 2021 - 6:28 am

According to the Equipment Leasing & Finance Foundation’s March 2021 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI), overall confidence in the equipment finance market is 67.7, an increase from the February index of 64.4 and the highest level since April 2018. read more

MAR 18, 2021 - 6:25 am

LTi Technology Solutions formed a new client success team, which will be responsible for ensuring clients can derive maximum value at every stage of their journey with LTi. As part of its commitment, LTi appointed Kevin Truitt vice president of client success. read more

MAR 18, 2021 - 6:20 am

Advanced Aviation Research joined Asset Control Services. This partnership will add another asset discipline to the asset experience that Asset Control Services presently provides to the banking and equipment leasing marketplace. read more

MAR 18, 2021 - 6:18 am

Triton International completed an offering of $690.1 million fixed rate asset-backed Series 2021-1 Class A notes at an annual yield of 1.904% and $34.9 million fixed rate asset-backed Series 2021-1 Class B notes at an annual yield of 2.604%. read more

MAR 18, 2021 - 6:15 am

Wells Fargo’s 45th annual construction industry forecast revealed an initial decline in sector sentiment on the tail end of a complicated 2020 and renewed optimism for the second half of 2021. read more

MAR 17, 2021 - 6:37 am

Tamarack Technology is celebrating its 20th year of serving the equipment finance industry in 2021. Tamarack launched in 2001 and has grown into a provider of independent software solutions for the equipment finance and commercial lending industry. read more

MAR 17, 2021 - 6:32 am

Stonebriar Commercial Finance is celebrating its sixth anniversary this week after closing another company record year, with new funded volume of $1.43 billion in structured leases and loans and a 36% year-over-year increase in operating income. Stonebriar also completed its sixth consecutive year with zero credit losses. read more

MAR 17, 2021 - 6:29 am

Encina Equipment Finance provided a $10 million equipment lease line to a private label food manufacturer. The equipment lease line is being used to finance in-place equipment. read more

MAR 16, 2021 - 6:31 am