Industry

Regions Bank Closes Ascentium Capital Acquisition

Regions Bank closed its acquisition of Ascentium Capital, an independent equipment finance lender serving small businesses. read more

Alfa Financial Software Inks Contract with Vehicle Manufacturer

Alfa Financial Software signed a new contract with a top 10-ranked US vehicle manufacturer. read more

FASB to Address Standard-Setting Issues During COVID-19 Pandemic

The Financial Accounting Standards Board will discuss plans to support stakeholders as they navigate the impact of the pandemic at its April meeting. read more

Koshi Appointed Executive Chairman of the Board for MUFG

MUFG appointed Kazuo Koshi executive chairman of the board of directors for MUFG Americas Holdings and MUFG Union Bank. read more

Marlin Terminates Capital Maintenance and Liquidity Agreement with FDIC

Marlin Business Services terminated its Capital Maintenance and Liquidity Agreement with the Federal Deposit Insurance Corporation. read more

Cardinal Outlines CARES Act Relief to Small Businesses

Cardinal Business Financing outlined the relief provided to small businesses in the Coronavirus Aid, Relief, and Economic Security Act. read more

Celtic Capital Provides $200K Equipment Loan to Indiana Manufacturer

Celtic Capital provided a $200K equipment loan an Indiana-based manufacturer of all aspects of commercial and industrial sheet metal installations. read more

PLM Completes Partnership with Affiliates of Marubeni and Mizuho Leasing

PLM Fleet dba PLM Trailer Leasing finalized its partnership with a U.S. subsidiary of Mizuho Leasing, MM Wheel, which acquired a 50% membership interest of PLM from Marubeni America. read more

KeyBank Supports Customers & Communities Impacted by Coronavirus

KeyBank has taken several steps to help support its clients facing economic hardship due to the spread of COVID-19. read more

Wintrust Commercial Finance Closes $33.15MM OSG ATB Barge Loan

Overseas Shipholding Group closed on a $33.15 million loan led by Wintrust Commercial Finance for a term of five years. read more

Fincura Provides Free Access to Financial Spreading and Analysis Software

Fincura has announced a new initiative to help equipment finance and leasing companies address the massive influx of financial documents during this pandemic. read more

NFS Leasing Provides $1.1MM Financing to Gro-Well Brands 

NFS Leasing and Gro-Well Brands expanded their equipment financing relationship. NFS Leasing has financed over $1.1 million of manufacturing equipment for Gro-Well’s production of natural and organic products.   read more

CIT Announces Community Support for those Affected by COVID-19

CIT outlined a $1 million community commitment to support those affected by COVID-19. These resources will provide some immediate relief to New York City and L.A. County, the respective headquarters for the company and its bank subsidiary. read more

Tamarack Releases Troubled-Debt Restructuring Utility

Tamarack Consulting has released a Troubled-Debt Restructuring Utility to assist lessors during the current economic downturn and anticipated recovery as a result of the COVID-19 pandemic. read more

Encina Equipment Finance Provides $15MM Lease Line to Hospital Operator

Encina Equipment Finance provided a $15 million equipment lease line to a hospital operator. read more

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