Industry

Equipment Finance New Business Volume Fell 2% Y/Y in July

According to the Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index (MLFI-25), overall new business volume in the equipment finance industry for July was $9.9 billion, down 2% year over year. read more

Channel Makes 11th Consecutive Appearance on Inc. 5000

Channel earned a spot on the Inc. 5000, Inc.’s annual list of fastest growing private businesses in the U.S., for the 11th consecutive year. read more

Equipment Finance Cares Provides Details About September Event in Chicago

Equipment Finance Cares will host its next event on Sept. 19 from 1:30 to 7 p.m. CT at the University Club in Chicago. Syndifi is sponsoring the event. read more

CLFP Foundation Names Gibbons of QuickFi Winner of 2023 Cindy Spurdle Award of Excellence

As part of its annual CLFP Day celebration on Aug. 24, the Certified Lease & Finance Professionals Foundation named Nate Gibbons, chief experience officer at QuickFi by Innovation Finance USA, the winner of the 2023 Cindy Spurdle Award of Excellence. read more

Wells Fargo Increases Post Road Equipment Finance’s Warehouse Facility to $700MM

Post Road Equipment Finance increased its non-recourse senior warehouse facility from $550 million to $700 million through the addition of Wells Fargo as a new lender. read more

North Mill Equipment Finance Places in Inc. 5000 for First Time

North Mill Equipment Finance earned a spot on the Inc. 5000, Inc.’s annual list of fastest growing private businesses in the U.S. A first-time honoree, North Mill was ranked No. 1,598 based on its three-year revenue growth rate of 354%. read more

ELFA to Host Webinar on Building Inclusive Workplaces on Aug. 30

The Equipment Leasing and Finance Association’s Equity Committee will host a webinar focused on fostering a more inclusive workplace on Aug. 30 at 1 p.m. ET. read more

Leasepath Earns Spot on Inc. 5000 for Second Straight Year

Inc. revealed that Leasepath ranked in the top half of the 2023 Inc. 5000, the publication’s annual list of the fastest-growing private companies in the U.S. This is the second year in a row that Leasepath has made the list, moving up from No. 3,404 in 2022 to No. 2,421 this year. read more

First Citizens Bank Arranges $400MM Credit Facility for Alex Lee

First Citizens Bank served as syndication agent, joint lead arranger and joint bookrunner on a $400 million senior credit facility for Alex Lee, an owner of wholesale food distribution and retail grocery store brands. read more

Encina Lender Finance Closes Credit Facility for Great Elm Healthcare Finance

Encina Lender Finance closed an inaugural senior credit facility for Great Elm Healthcare Finance, a Nashville, TN-based provider of financing for healthcare operators. read more

Utica Equipment Finance Completes $2.6MM Capital Lease for Transportation Company

Utica Equipment Finance completed a $2.6 million capital lease secured by multi-passenger and delivery vans for a company that operates out of seven U.S. cities and engages in corporate and government long-term rental contracts. read more

Genpact to Streamline US Leasing and Lending Operations for GE HealthCare

Professional services firm Genpact entered a multi-year agreement to transform and manage GE HealthCare’s U.S. leasing and lending operations. The collaboration will leverage Genpact's business-process-as-a-service operating model and artificial-intelligence-powered platform. read more

TopMark Funding Earns Spot on Inc. 5000 for First Time

TopMark Funding ranked No. 2,226 on the 2023 Inc. 5000, Inc.’s annual list of the fastest-growing private companies in the U.S, marking the company’s first time in the rankings. read more

Mitsubishi HC Capital America Closes $400MM in Inventory Finance Deals

Mitsubishi HC Capital America closed two inventory finance transactions, totaling $400 million, to separate specialty vehicle partners to boost their purchasing power and enhance liquidity. read more

Trinity Capital Provides $12MM in Growth Capital to Delphinus Medical Technologies

Trinity Capital committed $12 million in growth capital to Delphinus Medical Technologies, a medical imaging company and developer of SoftVue, a dense breast screening tool for cancer detection. read more

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