Industry

Bibby Financial Services Chooses FGI T.R.U.S.T. for Bad Debt Protection

Bibby Financial Services, an independent UK invoice finance provider, chose FGI T.R.U.S.T. as its software platform for bad debt protection management and administration. read more

Equipment Finance Cares Hosts More Than 40 Professionals at Latest Event

Equipment Finance Cares held its fifth event of 2023 last week in Scottsdale, AZ, with more than 40 equipment finance professionals representing 24 different organizations in attendance. read more

Crossroads Equipment Lease and Finance to Match Employee Donations for GivingTuesday

Crossroads Equipment Lease and Finance will match its employee donations up to $1,500 to the charity of their choice as part of GivingTuesday on Nov. 28. read more

ELFA’s Monthly Leasing and Finance Index Shows 8% Y/Y Decrease in October New Business Volume

According to the Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index (MLFI-25), overall new business volume for October was $10.4 billion, down 8% year over year from new business volume in October 2022. read more

BMO Capital Markets Leads $250MM in Financing for Blue Bird

Blue Bird, a manufacturer of school buses, completed the refinancing of its credit facilities and entered into a new five-year credit agreement led by BMO Capital Markets. The new credit agreement provides for a $100 million term loan and a $150 million revolving credit facility. read more

First Citizens Serves as Co-Lead Arranger on $250MM in Financing for Middle River Power

First Citizens Bank’s energy finance business acted as co-lead arranger on $250 million in financing on behalf of a portfolio of 327MW, one-hour duration battery storage projects developed in California by Middle River Power. read more

JDR Solutions Experiences Increased Demand for Portfolio Runoff Services

JDR Solutions, an Indianapolis-based provider of back-office solutions to the equipment finance industry, announced it is experiencing increased demand for portfolio runoff services.  read more

First Citizens Provides Credit Facility to Behavioral Healthcare Services Company

First Citizens Bank’s asset-based lending business provided a credit facility to The Stepping Stones Group to accommodate the business' seasonal working capital needs during the school year. read more

Greenbacker Capital Management Provides $25MM in Equity Project Financing for Revolv

Revolv, a provider of electric commercial fleets, raised $25 million in equity project financing to fund the deployment of fleet electrification projects in the U.S. read more

Regions Bank Names Lyder Group Leader for Ascentium Capital as Depping Retires

Regions Bank promoted Dave Lyder to group leader for Ascentium Capital. Lyder is succeeding Tom Depping, who founded Ascentium in 2011 and recently retired after a career spanning 40 years in equipment finance. read more

Monitor to Host Converge 2024 in Philadelphia, Adds Future and Innovation Workshop

Monitor will host Converge 2024 on May 15-16, 2024 at the Kimpton Monaco Philadelphia, with a two-day conference followed by an evening gala and award ceremony at the National Constitution Center to close out the event. read more

Equipment Finance Industry Confidence Steady in November

According to the Equipment Leasing & Finance Foundation’s November 2023 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI), overall confidence in the equipment finance market is 42.8, an increase from the October index of 40.1. read more

Only a Fifth of Companies on Track for Net Zero; Heavy Industries Key to Breaking Decarbonization Stalemate

Fewer than one in five companies (18%) are currently on track to reach net zero emissions in their operations by 2050 and more than a third (38%) said they cannot make further investments in decarbonization in the current economic environment, according to Accenture. read more

Financial Partners Group Hires Former HALO CEO as Chief Innovation Officer

Financial Partners Group added Garold Miller as chief innovation officer. Prior to joining Financial Partners Group, Miller served as the CEO of HALO, a consumer electronics company that focuses on designing and manufacturing products at the intersection of fashion and function. read more

TriState Capital Hires Kaplan as Relationship Manager for Equipment Finance

Michael Kaplan joined TriState Capital Bank as relationship manager for equipment finance. In this role, Kaplan will be responsible for new business development and market growth in the equipment leasing and financing space in the Midwest. read more

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