According to JPMorgan Chase’s recently released 2023 annual Business Leaders Outlook survey, the majority of small and midsize U.S. business leaders anticipate a recession in 2023, with 65% of midsize businesses and 61% of small businesses indicating as such. read more
JAN 6, 2023 - 7:32 am
Oakmont Capital Services will celebrate its 25th anniversary this year. Since its founding in 1998, OCS has matured into a direct lender with offices in both West Chester, PA, and Albany, MN, and a staff of more than 60 finance professionals. read more
JAN 6, 2023 - 7:25 am
Utica Equipment Finance completed a $10 million capital lease transaction in December. The Capital Lease was secured by in-use cranes, heavy haul trailers and heavy haul trucks for a company primarily operating in the Northeast. read more
JAN 6, 2023 - 7:25 am
Commercial Chapter 11 filings increased by 2% to 3,816 in calendar year 2022 from the previous year’s total of 3,726. Subchapter V elections within Chapter 11 also experienced an increase in calendar year 2022, as the 1,433 filings represented a 13% jump from the 1,263 filings recorded in 2021, according to Epiq Bankruptcy. read more
JAN 6, 2023 - 7:19 am
Crown Partners arranged a $75 million senior debt facility for HOP Energy, a portfolio company of Delos Capital. Crown Partners served as exclusive financial advisor to HOP in connection with this transaction. read more
JAN 5, 2023 - 7:21 am
Northteq, a provider of Salesforce loan origination solutions, and FinWise Bank, a subsidiary of FinWise Bancorp, launched Northteq’s Aurora Loan Origination System (LOS) to support FinWise’s nationwide expansion into the equipment finance industry. read more
JAN 4, 2023 - 7:18 am
Clarus Capital closed a new $19 million lease for a diversified manufacturer of microelectronics. read more
JAN 4, 2023 - 7:17 am
Brookline Bancorp received the requisite regulatory approvals to complete the acquisition of PCSB Financial. read more
JAN 3, 2023 - 7:09 am
Celtic Capital achieved a new client relationship with a California-based manufacturer of precision machined products using metal alloys and plastics for industrial and commercial applications. read more
JAN 3, 2023 - 7:05 am
According to ACT Research’s State of the Industry: NA Classes 5-8 report, November Class 8 net orders of 32,600 were robust, bringing the most recent three-month total to 128,000. read more
JAN 3, 2023 - 6:57 am
GA Telesis disassembled an additional three CFM56-5B, one CF6-80C2 and one PW4056-3 engines before the end of Q4/22. read more
DEC 29, 2022 - 6:55 am
Clean Energy Fuels, a provider of clean fuel for the transportation market, entered into a four-year $150 million sustainability-linked senior secured term loan with Riverstone Credit Partners. read more
DEC 29, 2022 - 6:53 am
Akulaku, a banking and digital finance platform in Southeast Asia, received a $200 million investment from Japanese bank Mitsubishi UFJ Financial Group. read more
DEC 29, 2022 - 6:49 am
StroudwaterGCL completed $58 million in financing for Towner County Medical Center in Cando, ND. read more
DEC 29, 2022 - 6:47 am
According to ACT Research’s recent issue of its State of the Industry: U.S. Trailers report, November net U.S. trailer orders of 39,590 units were 17% lower compared to October, 27% lower on a seasonally-adjusted basis and 22% above the year-ago November level. read more
DEC 29, 2022 - 6:45 am