Industry

Ritchie Bros. to Host Auction From Feb. 20-24 in Orlando, FL

Ritchie Bros. will host its annual global auction event in Orlando, FL, from Feb. 20 to Feb. 24, 2023. Bidding for the February 2023 Orlando auction will be available online and in-person, with a live auctioneer and bid catchers onsite. read more

CNH Industrial Capital Closes Offering of $400MM Notes

CNH Industrial Capital, a wholly-owned subsidiary of CNH Industrial, completed its previously announced offering of $400 million in aggregate principal amount of 5.45% notes due 2025, with an issue price of 99.349%. read more

Maxim Commercial Capital Expands Truck Financing Program in Q3/22

Maxim Commercial Capital expanded its target market during Q3/22 by launching an enhanced risk-based scoring system for its Truck Financing Program. read more

Tamarack Publishes Whitepaper Series on AI in Equipment Finance

Tamarack Technology, published the first part in a series of whitepapers on the application of AI in the equipment finance industry. read more

Battle Motors and ENGS Commercial Finance Partner to Launch Customer Finance Platform

Battle Motors and ENGS Commercial Finance partnered to launch a customer finance platform in Battle Motors Capital. It will be powered by ENGS Commercial Finance, Mitsubishi HC Capital America and related companies. read more

CIT Closes on $50MM Factoring Facility with West Coast Consumer Tech Firm

CIT Commercial Services, a subsidiary of First Citizens Bank, completed a $50 million factoring facility with a West Coast consumer technology firm. read more

Regions Bank Launches Digital Solution for Business Clients

Regions Bank launched a digital solution through the RTP network from The Clearing House, enabling corporate banking clients to send real-time payments. read more

XPO Logistics’ Board Approves Separation, Declares Distribution of RXO Shares

XPO Logistics’ board of directors approved the separation of its tech-enabled brokered transportation platform through the distribution of all the outstanding shares of common stock of its subsidiary RXO to holders of XPO common stock.  read more

Regents Capital Enters $100MM Credit Facility with Bank OZK

Regents Capital entered a three-year, $100 million revolving credit facility with Bank OZK, a regional bank based in Little Rock, AR.  read more

Clarus Capital Completes $20MM Loan Facility for Specialty Industrial Manufacturer

Clarus Capital completed a new $20 million loan facility for a specialty industrial manufacturer. read more

Equipment Finance Industry Hits High of $1.16T in 2021

According to a new study released by the Equipment Leasing & Finance Foundation, the size of the equipment finance industry rose to an all-time high of $1.16 trillion in 2021. read more

ISM Report on Business: Hospital Activity Grew in September

According to the latest Hospital Report On Business from the Institute for Supply Management, economic activity in the hospital subsector grew in September for the 28th consecutive month. read more

Verdant Commercial Capital Reaches 5th Year Anniversary, Projects $600MM Rise in Originations

Verdant Commercial Capital celebrated its fifth anniversary recently. Verdant is also positioned to reach nearly $600 million in annual originations by the end of 2022. read more

Financial Partners Group Sees Record Growth in Q3 of $122MM

Financial Partners Group completed its highest quarter in company history closing a record $122 million in origination volume in Q3/22.  read more

Gordon Brothers & TAGeX Brands Form Strategic Alliance to Support Food Industry

Gordon Brothers formed a strategic alliance with TAGeX Brands to provide real estate and equipment services to support the food service industry, including the purchase of surplus equipment and real estate. read more

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