Industry

Verdant Commercial Capital Named Top Workplace for Second Consecutive Year

For the second consecutive year, Verdant Commercial Capital was named a Top Workplace in the Greater Cincinnati and Northern Kentucky area by Enquirer Media. read more

Insight Equipment Finance Expands Operations in Quebec

Insight Equipment Finance, a division of Insight Investments, expanded its equipment leasing operations into Quebec and appointed Anthony Zambon as vice president of equipment finance to manage operations in the region. read more

First Citizens Bank Acquires $123MM Maritime Portfolio of Greek Vessels

First Citizens Bank’s maritime finance group, part of the CIT division, completed the acquisition of $123 million of Greek shipping loans, sharply increasing the bank’s maritime financings for clients in Greece. read more

DLL to Expand Floorplan Financing into Utility Trailer Market

DLL will expand its floorplan finance offerings into the utility trailer market in North America. With this expansion, DLL will work with manufacturers to develop tailored financing programs to meet the needs of the market and offer eligible dealers in the United States and Canada. read more

Small Business Owners Concerned About Employee Retention, Product Shortages and Inflation

According to the results of TD Bank’s 2023 Small Business Survey, inflation was identified as one of the top business concerns impacting small businesses, with others including employee retention and management, product shortages and keeping up with competition.  read more

White Oak ABL and White Oak Commercial Finance Provide $40MM Credit Facility to Invacare

White Oak ABL and White Oak Commercial Finance, the asset-based lending affiliates of White Oak Global Advisors, provided a $40 million North America ABL credit facility to Invacare Holdings, a manufacturer and distributor of medical equipment used in non-acute care settings. read more

Canadian Businesses Lean on Revolving Credit Amidst Rising Financial Stress

According to the Equifax Canada Market Pulse Business Credit Trends Report for Q1/23, new data suggests a pattern of credit expansion and a significant shift in credit usage in Canada this year.  read more

Monitor’s 50th Anniversary Event Sparks Innovation, Honors Equipment Finance Industry Leaders

Monitor, the leading publication in the equipment finance industry, held Converge, its 50th anniversary celebration, in Philadelphia on Wednesday and Thursday, featuring a full-day conference and an evening gala during which it announced the winners of the 2023 Converge Awards. read more

Fleet Advantage’s Jones Receives Honors from TMSA and Progressive Grocer

Katerina Jones, chief marketing officer of Fleet Advantage was honored as one of three Trailblazer Top Brand Innovators by the Transportation Marketing and Sales Association and a Top Woman In Grocery by Progressive Grocer. read more

Carl Marks Advisors Survey: More Companies Are Turning to Alternative Financing

According to a survey sponsored by Carl Marks Advisors, rising inflation, persistent labor shortages and a desire to improve capital structures are among the key factors leading middle-market companies to seek alternative financing options. read more

Key Equipment Finance Completes $5MM Sale-Leaseback Deal with TIGI Solar

TIGI Solar, a provider of renewable heat generation, signed a $5 million sale-leaseback transaction with Key Equipment Finance to support the construction and operation of a large-scale system for generating and storing heat for a large industrial plant in California. read more

First American Equipment Finance Named a Top Workplace in New York for Seventh-Straight Year

Fortune and Great Place to Work honored First American Equipment Finance as one of this year’s Best Workplaces in New York. This is First American’s seventh consecutive year being named to this list, with the company finishing in 18th place in the small and medium category. read more

NETSOL Technologies Achieves SOC Type 2 Compliance

NETSOL Technologies, a business services and enterprise application solutions provider for the global asset finance and leasing industry, achieved SOC 2 Type 2 compliance. read more

North Mill Equipment Finance Wins GlobalCapital US Securitization Award

North Mill Equipment Finance won the GlobalCapital US Securitization Award for ABS Deal of the Year for 2022 for its NMEF 2022-A equipment loan securitization. read more

Great Rock Capital Upsizes Leverage Facility with KeyBank

Great Rock Capital upsized its leverage facility with KeyBank. The leverage facility agented by KeyBank provides more than $450 million of capital and includes the recent additions of new lending partners First Citizens Bank, Regions Bank and Synovus Financial. read more

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