Industry

CLFP Foundation Adds 7 New CLFPS, Including First CLFP in Africa

The Certified Lease & Finance Professional Foundation added seven new CLFPs who recently sat through the eight-hour online CLFP exam, including Katoh Hamadou Kone, head of retail and SME banking at BICICI, BNP Paribas Group, who became the first CLFP in Africa.  read more

Reliant Capital Reports 300% Y/Y Origination Growth in Q4/20

Reliant Capital reported quarter-over-quarter growth of 37% in in Q4/20, as the company increased year-over-year originations by more than 300% while doubling employee headcount. read more

TD Bank Combines Divisions to Create New Commercial Bank

TD Bank combined its previous commercial and corporate and specialty banking teams to create a new commercial bank. Chris Giamo, head of commercial bank for TD Bank, will lead the newly formed business. read more

CIT Named a Best Place to Work for LGBTQ Equality by Human Rights Campaign Foundation

CIT Group received a score of 100 on the Human Rights Campaign Foundation's 2021 Corporate Equality Index for the second year in a row. The index is a benchmarking survey and report measuring corporate policies and practices related to LGBTQ workplace equality. read more

First American Ranked No. 2 on Energage’s 2021 Top Workplaces USA List

Energage ranked First American Equipment Finance No. 2 among companies with between 150 and 499 employees on its 2021 Top Workplaces USA list. The Top Workplaces USA ranking is built on Energage’s 14-year history surveying more than 20 million employees for 54 regional Top Workplace awards. read more

Monitor Live+ Live+ Thinking BIG: Reimagining the Leasing Product Open for Registration

Registration is open for Monitor’s next Live+ event, “Live+ Thinking BIG: Reimagining the Leasing Product,” a two-part series which will be held on consecutive Thursdays, Feb. 11 and Feb. 18 from 2:30 p.m. to 4:00 p.m. ET. read more

CIT Arranges $48MM Portfolio Financing of Medical Office Buildings

CIT’s healthcare finance business served as sole lead arranger of senior debt financing totaling $48 million for the acquisition of a portfolio of medical office buildings. The borrower is the joint venture between Kayne Anderson Real Estate and Remedy Medical Properties. read more

Crestmark Equipment Finance Provides More Than $6.5MM in Lease Transactions in H1/Jan

Crestmark Equipment Finance provided $6,596,344 in three new lease transactions and Crestmark Vendor Finance provided $4,833,777 in 41 new lease transactions in the first half of January. read more

ELFA: December New Business Volume Rises 66% M/M Despite 6% Y/Y Decline

According to the Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index, overall new business volume for December 2020 was $12.1 billion, which was down 6% year over year from December 2019. However, volume was up 66% compared with November 2020. read more

Honour Capital Adds Additional Space in Minneapolis North Loop

Honour Capital expanded with additional space in the North Loop business district of Minneapolis. The company’s corporate address and presence will continue to be in the Dinkytown, MN, neighborhood. read more

ELFA Releases Top 10 Equipment Acquisition Trends for 2021

The Equipment Leasing and Finance Association revealed its top 10 equipment acquisition trends for 2021. Among these, the ELFA predicts capital spending will show positive growth and that digitalization will be pervasive in the post-COVID-19 equipment finance environment. read more

Arvest Sets Company Production Record in 2020, Promotes Bradford and Pitre

Arvest Equipment Finance closed more than $279 million in new production in 2020, setting a record total for the company. Arvest Equipment Finance also named John Bradford director of sales and John Raymond Pitre a regional sales manager. read more

Tandem Finance Grows 210% Y/Y, Adds Transportation Finance Team

Tandem Finance, a small-ticket, independent, equipment finance and lease company grew 210% during 2020 with the addition of a transportation finance team led by Mike Bardwell as well as an increase in business development, sales and vendor employees. read more

Equipment Broker School Launches CRM for Equipment Brokers

Equipment Broker School, an online training course for the equipment finance and leasing industry, released Equipment Broker Platform (CRM), a system for equipment finance and leasing brokers and short-term working capital brokers. read more

Equipment Finance Industry Confidence Steady in January at Pre-COVID-19 Levels

According to the Equipment Leasing & Finance Foundation’s January 2021 Monthly Confidence Index for the Equipment Finance Industry, confidence in the equipment finance market is 59.6, unchanged from the December index and in line with pre-COVID-19 pandemic levels. read more

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