Industry

Verdant Commercial Capital Completes First On-Bill Repayment Project for GoGreen Business

Verdant Commercial Capital completed the first ever on-bill repayment agreement for California’s GoGreen Business Energy Financing program. read more

Liberty Commercial Finance Rebrands as Wingspire Equipment Finance

Liberty Commercial Finance rebranded as Wingspire Equipment Finance, adopted a new logo and redesigned its website as it integrates with parent company Wingspire Capital, which acquired Liberty earlier this year. read more

Alta Equipment Group Launches Alta eMobility

Alta Equipment Group, owner and operator of an equipment dealership platform in North America, launched Alta eMobility, a new business segment formed to handle every step in converting truck fleets and heavy equipment to electric power. read more

CIT Provides $34MM for i.Park and Great Point Media’s Studio Development

CIT’s real estate finance business provided $34 million in financing for a joint venture between i.Park and Great Point Media for the development of Lionsgate Warburton Studios, an entertainment production facility in Yonkers, NY. read more

Penske Truck Leasing Opens First Full-Service LEED-Certified Facility

Penske Truck Leasing opened a state-of-the-art facility in Akron, OH. The new facility is Penske's first-ever full-service rental and leasing facility that is leadership in energy and environmental design (LEED) certified. read more

Registration Glitch Fixed, Credit Cards Now Accepted for Monitor’s 50th Anniversary Celebration

Monitor, a source of news and content for the equipment finance industry, opened early bird registration for its 50th Anniversary Celebration, which will be held in Philadelphia June 14-15, 2023. read more

Accord Financial Unites US Commercial Financing, Names Hogan President of US Commercial

Accord Financial united all U.S. commercial financing programs under one umbrella. Jim Hogan will lead the newly united commercial team at Accord as president of U.S. commercial, while Marcel Borg joined the team as vice president of national sales for equipment finance. read more

CIT Arranges $419MM in Financing for Power Generation Facility Acquisition

The power and energy business of CIT, a division of First Citizens Bank, served as lead arranger on $419 million in financing for the acquisition of the Broad River power generation facility in Gaffney, SC. read more

DLL Wins Leasing Life’s Vendor Finance Provider and ESG Initiative Awards

DLL received the 2022 Vendor Finance Provider and Best ESG/Sustainability Initiative of the Year awards from Leasing Life, a leasing industry journal in Europe, during the Leasing Life Conference & Awards event in Paris. read more

Equipment Finance Industry Confidence Eases Further in November

According to the Equipment Leasing & Finance Foundation, overall confidence in the equipment finance market is 43.7, a decrease from the October index of 45. The ELFF has reported a decrease in its confidence index in each of the last three months.  read more

Penske Truck Leasing Expands Use of Renewable Diesel with Shell

Penske Truck Leasing expanded its use of renewable diesel in California through a preferred supplier agreement with Shell Oil Products U.S. Penske will continue efforts to help reduce emissions across its truck rental, heavy-duty truck leasing and logistics fleet operations. read more

Mitsubishi HC Capital America Identifies Key Factors for Commercial EV Adoption

Mitsubishi HC Capital America identified six market factors to consider in electric commercial vehicle investment decision-making, including the need to provide creative financing solutions for customers to acquire trucks and related charging infrastructure. read more

Clarus Capital Completes $20MM Loan Facility for Business Services Provider

Clarus Capital completed a $20 million loan facility for a diversified, value-add business services provider. Clarus’ financing will support the acquisition of new data center assets and further enhances the services provider’s competitive position as a market leader in the data processing space. read more

Victor Finance Powers Digital Transformation with LTi’s ASPIRE

LTi Technology Solutions, a lease and loan cloud platform provider, announced Victor Finance is powering its digital transformation with the implementation of LTi’s ASPIRE platform. read more

Tamarack Technology Launches Part II in Series of Whitepapers on AI

Tamarack Technology launched the second part in its series of whitepapers on the application and examination of artificial intelligence (AI) in the equipment finance industry titled, “Prediction: the next stage in equipment finance automation." read more

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