Industry

First Citizens Bank Provides Loan to Refinance Florida Senior Living Community

First Citizens Bank’s healthcare finance business, which is part of the CIT division, provided a loan to refinance American House St. Petersburg, a senior living community in St. Petersburg, FL. read more

Merchant West Group Upgrades to Solifi ABL

Merchant West Group, a privately owned South African financial institution, upgraded to Solifi ABL on Solifi’s Open Finance Platform. read more

SLIM Capital Reports 16.25% Y/Y Increase in Deal Originations in First Half of 2023

SLIM Capital achieved a year-over-year increase of 16.25% in deal originations during the first half of 2023. Having originated deals exceeding a total value of more than $200 million, SLIM Capital has achieved growth of 6.7% compared to 2022 overall. read more

Equipment Finance Cares’ First Charity Golf Tournament Attracts More Than 100 Industry Professionals

Equipment Finance Cares held its first annual charity golf tournament last week at the Rockland Country Club in Sparkill, NY. More than 100 equipment finance professionals representing 54 different organizations attended the event.   read more

Macquarie Equipment Finance Executes Support Agreement with Hut 8 Mining

Hut 8 Mining, a North American digital asset mining and computing infrastructure company, entered into a transaction support agreement with Macquarie Equipment Finance in support of an opportunity to potentially acquire certain assets of Validus Power and Validus' subsidiaries. read more

CNH Industrial Capital Canada Closes $298.46MM Notes Offering

CNH Industrial Capital Canada, a wholly-owned subsidiary of CNH Industrial, completed its previously announced private placement offering of C$400 million ($298.46 million) in aggregate principal amount of 5.5% notes due Aug. 11, 2026, with an issue price of 99.883%. read more

DLL Launches Healthcare Financing Podcast

DLL launched a new healthcare financing podcast, “The Pulse.” Lauren Baingo, a DLL program manager with expertise in the healthcare industry, will host the podcast and discuss topics impacting the world of healthcare finance and medical equipment financing.   read more

CNH Industrial Capital Canada Prices $298.46MM of 5.5% Notes

CNH Industrial Capital Canada, a wholly-owned subsidiary of CNH Industrial, priced C$400 million ($298.46 million) in aggregate principal amount of 5.5% notes due Aug. 11, 2026, with an issue price of 99.883%. read more

Bryn Mawr Capital Management Expands into Southern Delaware and Florida

Bryn Mawr Capital Management, a subsidiary of WSFS Financial, expanded into southern Delaware and established a new presence in Boca Raton, FL, after closing an asset purchase agreement with a woman-owned investment advisory firm based in Rehoboth Beach, DE. read more

Great American Insurance Group Launches Salesforce Component for Equipment Finance

Great American Insurance Group’s specialty equipment division launched an embedded coverage solution for equipment finance companies using Salesforce, making insurance solutions available at any point in the leasing workflow. read more

July Small Business Loan Approval Rates Drop at Big Banks, Increase with Other Lenders

Small business loan approval rates at big banks (more than $10 billion in assets) dropped from 13.4% in June to 13.3% in July, according to Biz2Credit’s Small Business Lending Index. Meanwhile, approval rates at smaller banks and non-bank lenders increased.   read more

Fleet Advantage Exceeds $1B in Lease Originations in Fiscal 2023

Fleet Advantage reported continued growth for its fiscal year ending June 30, as it notched more than $1 billion in lease originations during the year. read more

TIAA Bank Reports 15% Increase in Vendor Equipment Finance Booked Volume in H1/23

TIAA Bank’s vendor equipment finance team reported increased demand and growth for the first half of 2023, as from January to June, the team’s booked volume increased by 15%, following a 29% increase during the same time period in 2022. read more

Gibraltar Equipment Finance Provides $1MM to Transportation Maintenance Contractor

Gibraltar Equipment Finance, an affiliate of Gibraltar Business Capital, provided a $1 million finance lease to a transportation maintenance contractor to support the acquisition of rolling stock and other equipment assets. read more

XS Financial Provides $7.6MM in Capex Financing to PharmaCann

XS Financial, a specialty finance company that provides capex and equipment financing solutions to cannabis companies in the U.S., entered into a new lease with PharmaCann for $7.6 million. read more

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