Industry

Encina Equipment Finance Provides $30MM Lease Line to Specialty Metals Company

Encina Equipment Finance provided a $30 million lease line to a specialty metals company, which will use the funds for the installation of new manufacturing equipment. read more

CLFP Foundation Adds 18 New CLFPs

The Certified Lease & Finance Professional Foundation reported that 18 individuals recently passed the eight-hour, online-proctored CLFP exam. read more

Orion First Begins Serving Contracts for Universal Finance

Orion First has begun servicing contracts for Massachusetts-based Universal Finance, a lender to the construction, transportation, restaurant and medical equipment supply industries with 40 years of experience. read more

Equipment Finance Cares to Hold First Event of 2022 on April 26 in Cincinnati

Equipment Finance Cares will hold its first event of 2022 on April 26 from 1:30 p.m. to 6 p.m. EST at Great American Insurance’s headquarters in Cincinnati.  read more

Haydock Finance Selects Odessa to Help Drive Growth

Haydock Finance, a UK-based funding provider, selected Odessa, a provider of technology solutions for the asset finance industry, to help scale its business and better serve its small and medium-sized enterprise customers and panel of approved brokers. read more

Crestmark Provides More Than $10MM in Equipment Financing Transactions in H1/March

Crestmark Equipment Finance provided $4,702,737 in 13 new large-ticket transactions and $5,738,197 in 45 new small-ticket vendor transactions in the first half of March. read more

Utica Equipment Finance Completes $7.025MM in Recent Transactions

Utica Equipment Finance recently completed two transactions totaling $7.025 million, including a $6,225,000 capital lease secured by more than 300 titled assets for a hot oil and frac water heating company. read more

DLL’s Tech Solutions Global Business Unit Expands Partnership with One Tree Planted

DLL expanded its partnership with Vermont-based 501(c)(3) nonprofit One Tree Planted. Through the partnership, DLL’s tech solutions global business unit will plant one tree for every financing agreement signed electronically during 2022. read more

Encina Equipment Finance Provides $15MM Equipment Lease Line to Online Retailer

Encina Equipment Finance provided $15 million in incremental lease financing to an online retailer of printed products and specialized gifts for the sale-leaseback of manufacturing equipment and to support new capital expenditures. read more

ELFA: New Business Volume in Equipment Finance Falls 4% Y/Y in February

According to the Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index (MLFI-25), overall new business volume for February was $7.1 billion, down 4% year over year from new business volume in February 2021. read more

KLC Financial Implements Tamarack Technology’s Artificial Intelligence Platform

KLC Financial implemented Tamarack.ai, an artificial intelligence platform from Tamarack Technology. KLC Financial will use the fully-integrated AI tool to increase the efficiency and accuracy of its decision-making. read more

Leasepath Partners with IDology to Enhance Data-Driven Decision Making

Leasepath, a cloud-first intelligence workplace finance origination and customer engagement platform for the asset finance industry, entered into a partnership with IDology, a GBG company and provider of digital identification, verification and authentication services. read more

DLL Wins Vendor Finance Provider and Digital Innovation Awards

DLL won the 2021 vendor finance provider award and digital innovation award from Leasing Life, a leasing industry journal in Europe, at the 17th Leasing Life Conference and Awards in Barcelona. read more

Equipment Finance’s STRIPES Leadership Program Joins NEFA Summit

STRIPES Leadership Program, the professional and personal leadership development program designed to challenge and inspire best-in-class leaders within the equipment finance industry in partnership with Monitor, will be hosting an educational session at this year’s National Equipment Finance Association Summit. read more

FinTech Breakthrough Names QuickFi Best Overall LendTech Company

FinTech Breakthrough selected QuickFi by Innovation Finance USA as the winner of the “Best Overall LendTech Company” award in the sixth annual FinTech Breakthrough Awards program. read more

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