Industry

XPO Logistics’ Board Approves Separation, Declares Distribution of RXO Shares

XPO Logistics’ board of directors approved the separation of its tech-enabled brokered transportation platform through the distribution of all the outstanding shares of common stock of its subsidiary RXO to holders of XPO common stock.  read more

Regents Capital Enters $100MM Credit Facility with Bank OZK

Regents Capital entered a three-year, $100 million revolving credit facility with Bank OZK, a regional bank based in Little Rock, AR.  read more

Clarus Capital Completes $20MM Loan Facility for Specialty Industrial Manufacturer

Clarus Capital completed a new $20 million loan facility for a specialty industrial manufacturer. read more

Equipment Finance Industry Hits High of $1.16T in 2021

According to a new study released by the Equipment Leasing & Finance Foundation, the size of the equipment finance industry rose to an all-time high of $1.16 trillion in 2021. read more

ISM Report on Business: Hospital Activity Grew in September

According to the latest Hospital Report On Business from the Institute for Supply Management, economic activity in the hospital subsector grew in September for the 28th consecutive month. read more

Verdant Commercial Capital Reaches 5th Year Anniversary, Projects $600MM Rise in Originations

Verdant Commercial Capital celebrated its fifth anniversary recently. Verdant is also positioned to reach nearly $600 million in annual originations by the end of 2022. read more

Financial Partners Group Sees Record Growth in Q3 of $122MM

Financial Partners Group completed its highest quarter in company history closing a record $122 million in origination volume in Q3/22.  read more

Gordon Brothers & TAGeX Brands Form Strategic Alliance to Support Food Industry

Gordon Brothers formed a strategic alliance with TAGeX Brands to provide real estate and equipment services to support the food service industry, including the purchase of surplus equipment and real estate. read more

Vistage Index Reports an Increase in Gains for Small and Midsize Businesses

According to the latest CEO Confidence Index from Vistage, a CEO coaching and peer advisory organization, small and midsize business (SMB) CEO confidence saw a slight uptick in Q3, along with a slight increase in CEO revenue and profit expectations. read more

American Banker Announces The Most Powerful Women in Banking Honorees

American Banker released the names of the 2022 honorees of The Most Powerful Women in Banking. The program celebrates its 20th anniversary this year. read more

Fifth Third Bank Donates $500K for Hurricane Relief to Florida Banks

The Fifth Third Foundation contributed $500,000 to support relief efforts for those impacted by Hurricane Ian, which made landfall in Florida on Sept. 28. Loan hardship assistance will also be available. Fifth Third Bank also deployed its eBus to assist the people of Florida. read more

AP Equipment Financing Wins Top Workplace Award, Funds $92.5MM in Q3

AP Equipment Financing won “The Oregonian: 2022 Regional Top Workplace Award” and funded $92.5 Million in Q3/22, a 46% year-over-year increase from Q3/21. read more

Funding Circle Releases Study Findings on Fintech Lending and Credit Access for U.S. Small Businesses

The Bank for International Settlements and the Federal Reserve Bank of Philadelphia released research that analyzed proprietary loan-level data from Funding Circle, an online platform for small business loans, and other small business fintech data. read more

Balboa Capital Reports U.S. Small and Midsize Companies Anticipate Minimal Changes in Q4

According to a Morning Consult survey sponsored by Balboa Capital, a division of Ameris Bank, most of business decision-makers of U.S. small to midsize companies expect their sales to stay the same or grow in the fourth quarter of this year. read more

KBRA Assigns Preliminary Ratings to NMEF Funding 2022-B

Kroll Bond Rating Agency assigned preliminary ratings to four classes of notes issued by North Mill Equipment Finance funding 2022-B, (NMEF 2022-B) in an equipment ABS transaction. read more

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