Eastern Funding’s Macrolease division selected Ivory Consulting’s SuperTRUMP to model and price its pre- and after-tax finance products, such as fair market value leases, $1 buyout leases and municipal leases and loans. read more

FEB 22, 2023 - 7:22 am

BMO Financial Group and BNP Paribas announced a long-term commercial agreement and new cross-border framework to enhance coverage and access to a global network for their commercial banking clients. read more

FEB 22, 2023 - 7:19 am

Cambridge Savings Bank is supporting Allen & Gerritsen in its effort to reimagine its work environment with a $1 million equipment line of credit. read more

FEB 22, 2023 - 7:14 am

First Citizens Bank's healthcare finance group, part of the CIT division, provided $50.3 million in financing to Montecito Medical Real Estate to recapitalize a portfolio of medical office buildings. read more

FEB 22, 2023 - 7:12 am

United Trust Bank partnered with asset finance software specialist Alfa and enterprise automation platform Workato to create an integrated digital solution aimed at improving service levels, speed of decisions and payouts. read more

FEB 21, 2023 - 7:07 am

According to ACT Research’s latest State of the Industry: NA Classes 5-8 report, January heavy-duty orders were relatively weak, but it remains to be seen whether this represented a pause after robust year-end orders, or the beginning of a more broad-based pullback in demand. read more

FEB 21, 2023 - 7:00 am

Customers Bank, a digital and fintech-forward community bank, and the bank subsidiary of Customers Bancorp, launched a new loan syndications banking team. Kyle Silberman has been hired to be managing director and head of loan syndications. read more

FEB 21, 2023 - 6:58 am

According to the recent issue of ACT Research, January’s backlog-to-build ratio (BL/BU) increased to 9.9 months after averaging roughly eight months since August of 2021, reflecting a lower build rate. read more

FEB 21, 2023 - 6:57 am

Syndifi, a cloud-based syndication software provider built specifically for the equipment finance industry, rolled out new features and updates for its platform, including seamless DocuSign integration, real-time deal offer submissions and advanced document management tools. read more

FEB 17, 2023 - 7:13 am

Wells Fargo released its 2023 Construction Industry Forecast survey. The results suggest a level of cautious optimism prevailing among non-residential contractors and distributors, with the non-residential construction industry maintaining a hopeful long-term outlook for 2023. read more

FEB 17, 2023 - 7:11 am

Stonebriar Commercial Finance originated $2.3 billion in new business volume in 2022, a 53% increase over 2021, while increasing ending receivables and serviced assets to more than $5.6 billion. The boost in volume resulted in a 54% rise in operating income and a 57% increase in ending receivables. read more

FEB 17, 2023 - 7:10 am

AP Equipment Financing announced a new full-service step van lease program in partnership with Rush Truck Centers with all preventative maintenance performed right at the package and delivery contractor’s terminal.  read more

FEB 17, 2023 - 7:07 am

Volvo Construction Equipment announced an investment into battery pack production at its excavator plant in Changwon, South Korea, signaling its ambition to drive industry transformation with sustainable solutions. read more

FEB 17, 2023 - 7:05 am

According to the latest preliminary release of the State of the Industry: U.S. Classes 3-8 Used Trucks report published by ACT Research, January used Class 8 retail volumes (same dealer sales) increased 24% month over month and were 2% higher compared to January of 2022. read more

FEB 17, 2023 - 7:01 am

According to the Equipment Leasing & Finance Foundation's February 2023 Monthly Confidence Index for the Equipment Finance Industry, confidence in the equipment finance market during this month reached a mark of 51.8, an increase from the January index of 48.5. read more

FEB 16, 2023 - 7:22 am