Industry

Fleet Advantage and FleetNet America Partner to Provide Nationwide Maintenance Solutions

Fleet Advantage is collaborating with FleetNet America to facilitate fleet maintenance service offerings to organizations with transportation fleets that seek the benefits of an unbundled lease structure with access to a maintenance provider with a national network. read more

GreatAmerica Financial Services Accepting Applications for Employee Advised Fund

GreatAmerica Financial Services began accepting applications from nonprofits for its employee advised fund on March 1. The deadline to complete an application is March 29 at 4:30 p.m. CST. Another funding cycle will be available in the latter half of the year. read more

Wingspire Capital and Piney Lake Capital Management Provide Unitranche Senior Credit Facility to Constructor Subcontractor

Wingspire Capital and Piney Lake Capital Management provided a unitranche senior credit facility to Acousti Engineering Company, a non-residential constructor subcontractor based in Florida that operates across the Southeast. read more

NFS Leasing Achieved 8% Growth in Originations, 250% Increase in Vendor New Business Volume in 2023

Equipment finance company NFS Leasing achieved 8% year-over-year growth in originations in 2023. The growth was driven, in part, by a 250% increase in vendor new business volume and a year-over-year surge in new customer originations. read more

Trinity Capital Provides $25MM in Growth Capital to Healthcare and Data Company Moxe Health

Trinity Capital committed $25 million in growth capital to Moxe Health, a healthcare interoperability and clinical data exchange company. This growth capital will enable the team at Moxe Health to continue scaling operations. read more

Wells Fargo Partners with ChargePoint and EnTech to Offer Financing Solutions for EV Charging Infrastructure

ChargePoint, a provider of solutions for charging electric vehicles, formed a partnership with Wells Fargo and EnTech Solutions, a distributed energy solutions provider, to offer financing solutions for businesses building out charging infrastructure for EV fleets. read more

MidCap Equipment Finance Reports More Than $225MM in Originations in First 2 Years

MidCap Equipment Finance is celebrating two years in business this month, with the firm originating more than $225 million since its inception in February 2022. MidCap Equipment Finance has provided financing in a variety of industries, such as manufacturing, construction, transportation, medical and aviation.  read more

Cass Commercial Bank Selects SuperTRUMP to Enhance Tax and Non-Tax Lease Offerings

Cass Commercial Bank selected Ivory Consulting’s SuperTRUMP to serve as the sole pricing engine for its newly established equipment finance division. By leveraging SuperTRUMP, the bank aims to deliver profitable yet cost-effective finance solutions that align with its customers’ business goals, cash flow and industry requirements. read more

Small Businesses Optimistic About Growth Despite Critical Cash Flow Issues

Pathward released its “Small Business Credit Habits and Needs” report, which found that while one in three small businesses have struggled with cash flow in the changing economy, 70% consider themselves to be in growth mode. read more

Equipment Finance Cares California Event Recap

Equipment Finance Cares held its first event of 2024 last week in Huntington Beach, CA, hosted by Blue Street Capital. The next EF Cares event will be on Tuesday, May 14, 2024 in Philadelphia, hosted by Oakmont Capital Services. read more

Clarus Capital Upsizes Capital Base with BharCap Partners to Drive Future Growth

Clarus Capital expanded its investment facility in collaboration with BharCap Partners, a private investment firm specializing in the financial services industry. read more

JetLoan Capital Expands Helicopter Financing Division

JetLoan Capital expanded its aviation lending with the appointment of Benjamin Lynch to lead the helicopter financing division. Lynch continues to develop relationships with new helicopter funding sources. read more

First Citizens Receives 20 Greenwich Excellence and Best Brand Awards

For the 11th straight year, First Citizens Bank has been recognized by Coalition Greenwich, receiving 20 national and regional Greenwich Excellence and Best Brand awards. read more

Monitor to Host Livestream Announcing Converge 2024 Award Nominees in 10 Categories

Monitor will host a free livestream on March 6 at 1 p.m. ET to announce the top nominees for the Converge 2024 Awards Gala. Lisa Rafter, publisher of Monitor, will announce the top four to six nominees in each nominated category of the Converge Awards. read more

Equipment Finance Industry Confidence Jumps in February

The Equipment Leasing & Finance Foundation released the February 2024 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI). The index reported that, overall, confidence in the equipment finance market is 51.7, an increase from the January index of 48.6. read more

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