Industry

Clarus Capital Completes $20MM Loan Facility for Business Services Provider

Clarus Capital completed a $20 million loan facility for a diversified, value-add business services provider. Clarus’ financing will support the acquisition of new data center assets and further enhances the services provider’s competitive position as a market leader in the data processing space. read more

Victor Finance Powers Digital Transformation with LTi’s ASPIRE

LTi Technology Solutions, a lease and loan cloud platform provider, announced Victor Finance is powering its digital transformation with the implementation of LTi’s ASPIRE platform. read more

Tamarack Technology Launches Part II in Series of Whitepapers on AI

Tamarack Technology launched the second part in its series of whitepapers on the application and examination of artificial intelligence (AI) in the equipment finance industry titled, “Prediction: the next stage in equipment finance automation." read more

Horizon Technology Finance Completes $158MM Securitization

Horizon Funding Trust 2022-1, a newly-formed, wholly-owned subsidiary of Horizon Technology Finance, issued $100 million of notes, which were rated ‘A’ by a rating agency and which are backed by $158 million of secured loans originated by Horizon. read more

Northteq Launches Aurora Customer Portal

Northteq, a provider of Salesforce origination solutions, launched the Aurora Customer Portal. read more

CFLA Outlook Projects 28% Decrease in New Business Volume in Next 6 Months

The Canadian Finance and Leasing Association released its Q3/22 and Q4/22 Industry Business Confidence survey results, reporting that 28% of respondents expect new business volumes to decrease and 60% expect overall margins to fall over the next six months. read more

Small Business Loan Approval Rates Drop in October

According to the latest Biz2Credit Small Business Lending Index, small business loan approval percentages at big banks dropped from 14.9% in September to 14.7% in October, marking the lowest total since February. read more

Report Shows Only 11% of Banks Are Positioned to Adopt Growth Activities

According to a comprehensive business designation study from The ROIG Group, 11% of U.S. banks are currently well-positioned to adopt growth activities. Inversely, the research found that 89% of banks should be focused on other challenges to drive value. read more

Umpqua Bank and Kiva Reach Crowdfunding Goal of $1MM

Umpqua Bank, a subsidiary of Umpqua Holdings, and Kiva reached its initial goal of $1 million in microloans for its crowdfunding for BIPOC and women entrepreneurs. read more

The Secured Lender Names Cohn & Dussi on its Great Places to Work List

The Secured Lender, published by the Secured Financen Network, named Cohn & Dussi, a full-service law firm headquartered in Boston, on its Great Places to Work list. read more

Colony Bankcorp Names Canup as Chief Revenue Officer & President of Banking Solutions

Colony Bankcorp, the bank holding company for Colony Bank, named Edward G. “Ed” Canup chief revenue officer and president of banking solutions. read more

ELFA Recognizes The Alta’s Group’s 25-Year Membership

The Alta Group was recognized by the Equipment Leasing and Finance Association for marking a 25-year milestone in the association that represents a $1 trillion financial services sector. read more

Seasonal Hiring Decline Highlights a Weakness in Labor Market

The CBIZ Small Business Employment Index reported a seasonally adjusted decrease of 1.94% in October. The reading highlighted the emerging weakness in the labor market and showed a decline in hiring for the third-straight month. read more

CDB Aviation Executes $650MM Portfolio Secured Financing

CDB Aviation entered into a facility agreement for a $650 million secured portfolio financing. The seven-year facility is secured with a portfolio of 15 narrowbody and widebody aircraft. read more

Capital One Provides $75MM Revolving Credit Facility to Avtech Capital

Avtech Capital, a privately-held equipment leasing company based in Salt Lake City, completed a new $75 million revolving credit facility with Capital One. read more

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