Industry

National Funding CEO Recognized as One of San Diego’s Most Influential People

The San Diego Business Journal recognized David Gilbert, CEO and founder of National Funding, in the finance section of its annual edition of the SD 500 - The Most Influential People in San Diego. read more

Rabobank Provides Revolving Credit Facility to Primergy Solar

Primergy Solar, a developer, owner and operator of utility-scale solar, distributed solar and energy storage, closed a $75 million revolving credit facility with Rabobank. The facility has an option to increase up to $200 million. read more

Inflation Could Call for Higher Interest Rates

According to ACT Research's Commercial Vehicle Dealer Digest, the longer inflation remains elevated, the more aggressively the Fed will respond with higher interest rates. read more

Leasepath Launches Q4/22 Quarterly Release

Leasepath, the cloud-first intelligent workplace finance origination (LOS) and customer engagement (CRM) platform built for equipment finance and leasing, successfully completed its Q4/22 quarterly release to all customer environments globally. read more

Freight Rates and Supply-Demand Balance Decrease

According to ACT Research’s For-Hire Trucking Index, the supply-demand balance and volumes have decreased recently while freight rates have also continued to decline. read more

Class 8 Tractor Dashboard Drops for Seventh Time in Eight Months

The top line on the Class 8 Tractor Dashboard dropped in October to a -3 reading, marking the seventh moderately downbeat reading in eight months, according to ACT Research’s recently released Transportation Digest. read more

Clarus Capital Closes $12MM Lease for Consumer Goods Manufacturer

Clarus Capital completed a new $12 million lease for a diversified manufacturer of consumer goods. read more

Accord Financial Supports Acquisition of Equipment Services Company

Accord Financial closed a $13 million credit facility to support the acquisition of an equipment services company. read more

ELFF Projects 0.9% Growth in US Economy in 2023, Recession Starting in Q2/23

According to the Equipment Leasing & Finance Foundation’s recently released Q1/23 Equipment Leasing & Finance Industry Snapshot, the U.S. economy will grow by 0.9% in 2023 due to a possible recession that could start in Q2/23. read more

Confidence in Equipment Finance Market Increases from November

The Equipment Leasing & Finance Foundation released the December Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI). Overall, confidence in the equipment finance market is 45.9, an increase from the November index of 43.7. read more

ELFF Projects 4.2% Growth in Equipment and Software Investment, Mild Recession in 2023

In what is likely to be challenging year for both the U.S. economy and the equipment finance industry, equipment and software investment will grow by 4.2% in 2023, according to the Equipment Leasing & Finance Foundation. read more

TimePayment Reaches 1 Million Leases Financed

TimePayment, a financial technology company specializing in commercial and specialty equipment lease financing, has reached 1 million leases financed. read more

CIT Provides $27.8MM for Acquisition of Medical Office Buildings in Wichita, KS

The healthcare finance business of CIT provided $27.8 million to a joint venture between Kayne Anderson Real Estate and Remedy Medical Properties for the acquisition of a surgical hospital and medical office building portfolio located in Wichita, KS. read more

Honour Capital Provides $8MM in Capital to Ophthalmology Business

Honour Capital provided $8 million of capital involving various lease structures for an Upper Midwest ophthalmology business. read more

Former AACFB Board Member Rosanne Wilson Passes Away

Rosanne Wilson, a former board member of the American Association of Commercial Finance Brokers, passed away last week, according to an announcement from the AACFB. read more

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