Industry

Amembal to Host Free Webinar on Benefits of Leasing with Focus on FMV Leases

Sudhir Amembal, chairman and CEO of Amembal & Halladay, will be conducting a free webinar on Nov. 14 at 9 a.m. PT entitled "The 30 Extraordinary Benefits of Leasing." The webinar will have a specific focus on the benefits of the fair market value lease. read more

Mitsubishi HC Capital America Expands Franchise Finance Division

Mitsubishi HC Capital America is expanding its franchise finance division to leverage new growth opportunities, particularly by extending its current reach into brick-and-mortar franchises in the health and wellness, recovery and sports performance sectors. read more

Solifi Releases New Features for Equipment Finance Offerings

Solifi unveiled the latest product releases for its Solifi Originations ROS and Portfolio Management ILS solutions for equipment finance. The new software releases provide enhancements to business management, efficiency and compliance. read more

Equipment Finance Cares Announces Details About November Arizona Event

Equipment Finance Cares will hold its next event on Nov. 15 from 1:30 to 7 p.m. PT in Scottsdale, AZ. Ascentium Capital is serving as host for the event. read more

Gordon Brothers Selects Ivory Consulting Software to Model and Price Financing Offerings

Gordon Brothers selected Ivory Consulting’s SuperTRUMP platform to model and price its tax and non-tax financing solutions, which encompass offerings like operating leases, direct finance leases, sale/leasebacks and vendor financing. read more

Trinity Capital Provides $25MM in Growth Capital to Neuros Medical

Trinity Capital committed $25 million in growth capital to Neuros Medical, a bioelectric technology company. The growth capital will enable Neuros Medical to augment a recent equity raised and further scale operations to assist with its commercial launch. read more

Midland Equipment Finance President Van Etten Inducted into ASU’s Business School Hall of Fame

Arizona State University’s W.P. Carey School of Business induced five new members into its alumni hall of fame this month, including Frederick Van Etten, president of Midland Equipment Finance, a division of Midland States Bank. read more

ELFF Projects 2.3% Growth in US Economy for 2023 in Latest Industry Snapshot

According to the Equipment Leasing & Finance Foundation’s Q4/23 Equipment Leasing & Finance Industry Snapshot, the foundation projects that the U.S. economy will grow by 2.3% annualized in 2023. read more

Willis Lease Finance Prices $410MM in Fixed Rate Notes

Willis Engine Structured Trust VII (WEST), a subsidiary of Willis Lease Finance, priced $410 million in aggregate principal amount of fixed rate notes. read more

ELFA Wins Temporary Relief From Section 1071 for Equipment Finance Industry

The U.S. District Court for the Southern District of Texas issued a nationwide injunction delaying implementation of Section 1071 of the Dodd-Frank Act for all covered financial institutions by approximately 10 months, pending a Supreme Court decision. read more

ELFA’s Monthly Leasing and Finance Index Shows 5% Y/Y Decrease in September New Business Volume

According to the Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index (MLFI-25), overall new business volume for companies participating in the index in September was $9.7 billion, down 5% from new business volume in September 2022. read more

First Citizens Bank Provides $60MM to Support Battery Storage Project in California

First Citizens Bank’s energy finance business served as lead agent on $60 million in financing to Gore Street Energy Storage Fund for the development of a 200-megawatt battery storage project located in Imperial County, CA. read more

Griffin Global Asset Management and Bain Capital Acquire Pool of Rolls-Royce Engines

Griffin Global Asset Management and Bain Capital Special Situations agreed to acquire 17 new technology Rolls-Royce engines, including Trent XWB-84s, Trent XWB-97s, Trent 1000s and Trent 7000s. The engines will be owned by a newly formed standalone entity and used... read more

New ELFF Study Examines Future Supply Chain Impacts on Equipment Finance

A new study commissioned by the Equipment Leasing & Finance Foundation identified three major economic trends that the equipment finance industry must adapt to, including China’s demographic collapse, the retirement of the baby boomer generation and the end of the globalized trade order. read more

Solifi Wins Digital Innovation of the Year Honor at Motor Finance Europe Awards

Solifi received an accolade at the ninth annual Motor Finance Europe Awards in the Digital Innovation of the Year (Technology Company), Retail Solutions/Vehicle Management category for its Open Finance Platform. read more

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