Industry

MMP Capital Funded More Than $75M in Q2/22 and Q3/22

MMP Capital exceeded $75 million in funding for customers in both Q2/22 and Q3/22 alone has funded more than $200 million in 20222 overall.  read more

Trustmark National Bank Selects Ivory Consulting’s SuperTRUMP as Pricing Tool

Trustmark National Bank, a wholly-owned subsidiary of Trustmark, selected Ivory Consulting's SuperTRUMP as its pricing tool for its new equipment finance division. read more

CLFP Foundation Adds 25 New CLFPs

The Certified Lease & Finance Professional Foundation reported that 25 individuals recently passed the eight-hour online proctored CLFP exam to earn their CLFP designation. read more

Encina Equipment Finance Provides $15MM Lease Line to NA Supply Chain Services Company

Encina Equipment Finance provided a $15 million lease line to a North American supply chain services company to finance new tractors and trailers. read more

Penske Truck Rental Expands Used Truck Center Reach

Due to demand for used vehicles, Penske Truck Rental increased the footprint of its network of used truck centers with four recently opened locations in Kansas City, MO; Chicago; Miami; and Tampa, FL. read more

GreatAmerica Launches Employee Advised Fund to Increase Charitable Giving

GreatAmerica Financial Services launched a new philanthropic fund directed by its employees. The new employee advised fund is in addition to the GreatAmerica Donor Advised Fund. It is expected to provide more than $1 million to projects in Cedar Rapids, IA. and Iowa City, IA. read more

SR Alternative Credit Completes $10MM Term Loan for Shipping Container Lessor

SR Alternative Credit, formerly Old Hill Partners, provided a one-year, $10 million senior secured term loan to a company that acquires and leases standard 20- and 40-foot shipping containers, among other transportation equipment. read more

ELFF MCI-EFI Shows Confidence in Equipment Finance Market Lower in October

The Equipment Leasing & Finance Foundation released the October 2022 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI). Overall, confidence in the equipment finance market is 45, a decrease from the Sept. index of 48.7. read more

Ritchie Bros. Delves Into Aerial Equipment Trends in October Report

Ritchie Bros.’ October Market Trends Report reported on sales of key aerial equipment categories in North America, specifically boom lifts, scissor lifts and telehandlers. read more

Siena Lending Group Closes $50MM Credit Facility for MD Helicopters

Siena Lending Group completed a $50 million asset-based revolving line of credit to MD Helicopters, a manufacturer of high-performance rotorcraft solutions that support operators flying military, commercial, law enforcement, utility and VIP mission profiles. read more

Willis Lease Finance Rebrands After Recent Growth

Willis Lease Finance (WLFC) combined its multiple WLFC businesses under new branding that will demonstrate the extent of its combined offerings. The company the new imagery and corporate profile at Aviation Week MRO Europe in London on Oct. 18. read more

Fleet Leasing Chooses SuperTRUMP for Tax Finance Products

Fleet Leasing selected Ivory Consulting’s SuperTRUMP to model and price its pre- and after-tax finance products. read more

CIT Provides $39.25MM for Medical Office Buildings Acquisition

CIT’s Healthcare Finance business provided $39.25 million in financing for the acquisition of a portfolio of seven medical office buildings and dialysis centers in Texas, Georgia, Washington and Idaho. read more

Equipment Finance Cares to Host California Event on Nov. 16

Equipment Finance Cares will hold an event in California on Nov. 16 from 1:30 p.m. to 7 p.m. PT at Blue Street Capital's headquarters in Huntington Beach, CA. The program will conclude with a two-hour networking event. read more

Encina Equipment Finance Provides $15MM Lease Line to Industrial Safety Company

Encina Equipment Finance provided a $15 million lease line to a global industrial safety solutions company to finance new and existing rental equipment, vehicles and trailers. read more

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Terry Mulreany
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