KBRA Examines Potential for Solar PV Financing in European ABS Market

Kroll Brand Rating Agency UK released a report on Europe’s potential for asset-backed securities (ABS) based on solar photovoltaic (PV) panel financing collateral. read more

The Alta Group Updates Branding, Redesigns Website

The Alta Group refreshed its branding and redesigned its website to reflect the advisory firm’s dedication to commercial equipment finance. read more

Healthy Sales and Build Trends for Class 8 CVs on the Rise in 2023

According to ACT Research’s latest release of the North American Commercial Vehicle Outlook report, pent-up vehicle demand and still elevated carrier profits in early 2023 are continuing to provide a supportive environment for new equipment. read more

Merchants Fleet Doubles Lending Capacity for Commercial Vehicles and Equipment

Merchants Fleet, a fleet management company, expanded its lending capacity, more than doubling its ability to fund vehicles and equipment for its fleet and mobility clients throughout the United States. read more

Gatwood Crane Service Expands Operations with Fleet and Equipment Purchase

Gatwood Crane Service, a wholly-owned subsidiary of The Bay Crane Companies, purchased 43 cranes and other related support equipment from CC Acquisition (dba Chelino Crane), a wholly-owned subsidiary of ML Crane Group. read more

Insight Financial Services Receives MHEC Contract for Leasing and Financing Services

Insight Financial Services received a contract from the Massachusetts Higher Education Consortium (MHEC) to provide leasing and financing services. The contract provides MHEC members with preferred access to IFS’ leasing and financing solutions in New England. read more

Fleet Advantage Survey Shows Increasing Use of Leasing for Commercial Fleets

According to Fleet Advantage's latest industry benchmarking survey, 42% of respondents said they are leasing their trucks, which was up from 31% last year and 14% two years ago. read more

Wingspire Capital Exceeds $3B in Senior Secured Financing Commitments

Wingspire Capital provided more than $700 million in senior secured financing commitments in 2022, bringing its total to $3 billion in its third year of operations. read more

Avolon Increased Income by 438% in 2022

Avolon reported that in 2022 it increased revenue by 9% year over year to $2.337 billion and adjusted net income by 438% to $253 million, excluding impacts in Russia. The company also achieved a 35% increase in operating cash flow to $1.2 billion. read more

First Citizens Provides $31.2MM for Acquisition of Cancer Treatment Center in South Carolina

First Citizens Bank's healthcare finance group, part of the CIT division, provided $31.2 million to Montecito Medical Real Estate to finance the acquisition of a cancer treatment center in Columbia, SC. read more

Dext Capital Selects Syndifi as Equipment Finance Syndication Platform

Syndifi, the cloud-based syndication software provider built specifically for the equipment finance industry, partnered with Dext Capital, which will use Syndifi’s platform to digitize its overall loan syndication processes. read more

Solifi Releases ABL Software Enhancements

Solifi released the latest version of its asset-based lending (ABL) software, which includes several new and enhanced features designed to improve both the lender and borrower experiences. read more

APPROVE Upgrades Platform for Automated Financing Approvals

APPROVE updated its platform to enable qualifying buyers to receive automated financing approvals in a matter of seconds. APPROVE’s API allows lenders that wish to participate to link to this automated technology. read more

Non-Bank Lenders Record Growth in Small Business Loan Approval Rates in January

Small business loan approval percentages at big banks slipped again, falling from 14.5% in December to 14.4% in January 2023, according to the latest Biz2Credit Small Business Lending Index. However, approval rates at small banks and non-bank lenders improved. read more

Wintrust Specialty Finance Posted $625MM in New Originations in 2022

Wintrust Specialty Finance, a division of Beverly Bank & Trust Company, a Wintrust Community Bank, closed the books on a banner year in 2022 headlined by more than $625 million in new originations. read more

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