Industry

ELFF Releases Q4 Update, Forecasts Expansion in Equipment and Software Investment

According to the 2022 Equipment Leasing & Finance U.S. Economic Outlook released by the Equipment Leasing & Finance Foundation, demand may soften in several end-user markets over the rest of the year due to high interest rates and expectations for further rate hikes in Q4. read more

KBRA Assigns Preliminary Ratings to MMAF Equipment Finance 2022-B

Kroll Bond Rating Agency assigned preliminary ratings to four classes of notes issued by MMAF Equipment Finance 2022-B (MMAF 2022-B), an equipment ABS transaction. read more

Kreos Capital Finances $10MM in Debt Funding for Xyte’s Equipment Financing Program

Kreos Capital financed $10 million in debt funding for Xyte, a company specializing in Connected Device Management Platform, to meet Xyte’s customers' growing demand for flexible equipment financing solutions. read more

JP Morgan Provides $75MM Used Powersports Inventory Financing to RumbleOn

RumbleOn, a technology-based omnichannel powersports platform, entered into a $75 million used powersports inventory financing credit facility with J.P. Morgan. read more

Equipment Finance New Business Volume in September Up 11% Y/Y

According to the Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index (MLFI-25), new business volume for September was $10.2 billion, up 11% year over year from new business volume in September 2021. read more

Reliant Capital Finances Over $50MM in Q3/22 Equipment Volume

Reliant Capital financed more than $50 million in equipment volume in Q3/22, bringing a 250% increase in year-over-year growth. read more

LeasePoint Funding Group Generates Over $35MM in Q3/22

LeasePoint Funding Group generated more than $35 million in originations during Q3/22, marking a 300% increase compared to the same period last year. Four new team members helped facilitate the Q3 increase. read more

Citizens Business Conditions Index Gains Momentum in Q3

Citizens' Business Conditions Index rose to 56.1 in Q3/22, regaining momentum after a drop in Q2 economic sentiment prompted by inflation concerns. Q3’s score extends the index’s streak to eight straight quarters above 50, indicating continued growth conditions for businesses. read more

MMP Capital Funded More Than $75M in Q2/22 and Q3/22

MMP Capital exceeded $75 million in funding for customers in both Q2/22 and Q3/22 alone has funded more than $200 million in 20222 overall.  read more

Trustmark National Bank Selects Ivory Consulting’s SuperTRUMP as Pricing Tool

Trustmark National Bank, a wholly-owned subsidiary of Trustmark, selected Ivory Consulting's SuperTRUMP as its pricing tool for its new equipment finance division. read more

CLFP Foundation Adds 25 New CLFPs

The Certified Lease & Finance Professional Foundation reported that 25 individuals recently passed the eight-hour online proctored CLFP exam to earn their CLFP designation. read more

Encina Equipment Finance Provides $15MM Lease Line to NA Supply Chain Services Company

Encina Equipment Finance provided a $15 million lease line to a North American supply chain services company to finance new tractors and trailers. read more

Penske Truck Rental Expands Used Truck Center Reach

Due to demand for used vehicles, Penske Truck Rental increased the footprint of its network of used truck centers with four recently opened locations in Kansas City, MO; Chicago; Miami; and Tampa, FL. read more

GreatAmerica Launches Employee Advised Fund to Increase Charitable Giving

GreatAmerica Financial Services launched a new philanthropic fund directed by its employees. The new employee advised fund is in addition to the GreatAmerica Donor Advised Fund. It is expected to provide more than $1 million to projects in Cedar Rapids, IA. and Iowa City, IA. read more

SR Alternative Credit Completes $10MM Term Loan for Shipping Container Lessor

SR Alternative Credit, formerly Old Hill Partners, provided a one-year, $10 million senior secured term loan to a company that acquires and leases standard 20- and 40-foot shipping containers, among other transportation equipment. read more

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