Industry

PNC Expands Environmental Finance Pledge to $30B

PNC Financial Services Group announced the expansion of its environmental finance commitment to $30 billion. The bank initially announced in August 2021 a commitment of $20 billion over five years in support of environmental finance. read more

PC Shipments Continued to Slump in Q4/22

Global shipments for traditional PCs fell below expectations in Q4/22, as 67.2 million PCs were shipped, down 28.1% from the prior year, according to preliminary results from the International Data Corporation (IDC) Worldwide Quarterly Personal Computing Device Tracker. read more

AP Equipment Financing Announces Record Funding Volume in 2022

AP Equipment Financing funded a company record $327 million in 2022, representing 38% year-over-year growth. AP also managed a portfolio of nearly 13,000 contracts and $635 million of receivables. read more

DLL Launches New Blog on 2023 Trends in Food and Agriculture Industries

DLL announced its newest blog “2023 Trends That Will Drive Change in the Food and Agriculture Industries” in which it highlights several key trends in the agriculture industry that will shape the food landscape in the coming years, including the adoption of electric power and renewable energy sources. read more

Ritchie Bros. Financial Services Funds $1B in Equipment and Vehicle Purchases in 2022

Ritchie Bros. Financial Services surpassed $1 billion in annual funded volume in 2022 for the first time in its 11-year history, helping tens of thousands of customers around the world purchase used equipment, vehicles and other industrial assets. read more

First Citizens Middle Market Banking Provides $65.8MM for Morningstar Properties Affiliates

First Citizens Bank announced that its middle market banking business provided a total of $65.8 million in senior secured financing for affiliates of Morningstar Properties, an investor in and operator of self-storage facilities, marinas and other specialty real estate assets. read more

Utica Equipment Finance Provides $720K Capital Lease to Tropical Plant Supplier

Utica Equipment Finance provided a $720,000 capital lease to a single source supplier of tropical plants, indoor floral and outdoor palms in California to refinance existing debt as well as provide additional working capital to fund growth initiatives. read more

Small Business Loan Approval Percentages Experience No Growth

According to the latest Biz2Credit Small Business Lending Index, small business loan approval percentages at big banks fell from 14.6% in November to 14.5% in December and tied with January’s lowest monthly approval rate in 2022. read more

BHI Provides $80MM Construction Loan to Building Project in New York

BHI provided an $80 million construction loan to 200 East 20th St. The 200 East project is a development of a new condominium building located at 20th Street and Third Avenue in the Gramercy Park neighborhood of Manhattan, NY. read more

Solifi and Codat Partner to Streamline ABL Online Experience

Solifi, a global fintech software company, partnered with Codat to make it easier for customers to optimize business operations, streamline processes and make informed decisions securely and accurately. read more

North Mill Equipment Finance Reports Record Originations for 2022

North Mill Equipment Finance (NMEF), an independent commercial equipment lender located in Norwalk, CT, reported its organic lease and loan originations reached an all-time high and financial and operational key performance indicator exceeded all expectations in 2022. read more

John Deere Chooses 2023 Startup Collaborators

John Deere released the names of eight companies chosen for its 2023 Startup Collaborator program. read more

CFOs Face Talent Recruitment Challenges While Considering Workforce Reductions

According to a survey from Grant Thorton, although many CFOs expect continued challenges attracting and retaining talent, the top area cited for potential costs cuts was expenses related to employee headcount and compensation. read more

STRIPES Leadership Announces Graduate Program

STRIPES Leadership Program, the professional and personal leadership development program created in partnership with Monitor, announced additional offerings for graduates of the STRIPES program. read more

Clarus Capital Closes $7MM Lease Facility for Industrial Manufacturer

Clarus Capital completed a new lease facility for a public industrial manufacturer. Clarus’ financing will support the strategic expansion of the company’s specialized production capabilities and drive manufacturing efficiency across the organization. read more

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