According to a report from Bain & Company, wholesale bank revenue growth rates could drop to a CAGR of 2% by 2025. To address this imminent crunch, Bain & Company urges wholesale banks to seize new sources of growth, including climate finance and AI deployment. read more

FEB 22, 2024 - 6:44 am

Fora Financial, a provider of short-term financing to the small business community, has surpassed $4 billion in capital provided to more than 55,000 small businesses since its inception in 2008. read more

FEB 16, 2024 - 6:37 am

Energetic Services, a provider of transportation, environmental and related services to the oil and gas sector across Alberta and British Columbia, transitioned to a bank following three years of collaboration with Accord Financial, which provided the company with a $13 million facility in 2021.  read more

FEB 16, 2024 - 6:34 am

Cogent Bank, an Orlando, FL-based business and personal community bank, launched a sports and entertainment banking vertical, which will aim to provide young athletes, both collegiately and professionally, with the financial literacy education and banking resources necessary to preserve their wealth. read more

FEB 16, 2024 - 6:34 am

cPacket Networks completed a $67 million transaction, including a primary and secondary equity investment by funds managed by Morgan Stanley Expansion Capital and a debt refinancing by Trinity Capital. read more

FEB 16, 2024 - 6:33 am

Gordon Brothers provided a five-year operating lease to an aerospace and defense solutions provider for 15 late-model CNC machine tools, which will support the company’s precision manufacturing, fabrication and assembly services for the aerospace, defense and power generation industries. read more

FEB 14, 2024 - 6:23 am

Clarus Capital arranged a combined $55 million U.S. and Canadian lease facility for a multi-sponsor-backed business service provider. The financing proceeds supported strategic growth initiatives, liquidity planning and M&A. read more

FEB 14, 2024 - 6:22 am

Sudhir Amembal, an affiliate of Rinaldi Advisory Services and CEO of Amembal & Halladay, conducted a webinar on Feb. 13 entitled "Winning with Leasing!” The one-hour webinar attracted more than 200 equipment finance professionals. read more

FEB 14, 2024 - 6:22 am

Food Logistics named Fleet Advantage’s Brian Holland (president and CEO, John Rickette (vice president of portfolio and manager of the company’s transaction management team) and Tracy Derival (marketing assistant) as three of its 2024 Rock Stars of the Supply Chain Award winners. read more

FEB 14, 2024 - 6:21 am

Wingspire Capital agented a senior secured revolving credit facility for a specialty finance company that offers senior secured loans to consumer products companies. Wingspire Capital agented the facility and brought in Encina Lender Finance as a partner. read more

FEB 14, 2024 - 6:17 am

The Black Equipment Finance Network, a national networking organization of equipment finance professionals, awarded its inaugural scholarships to two students from Historically Black Colleges and Universities. The scholarship program is part of a collaborative effort between the Certified Lease & Finance Professional Foundation and Cisco Capital. read more

FEB 13, 2024 - 6:57 am

NG Energy International entered into a definitive credit and guarantee agreement with Macquarie Group for a financing of up to $100 million of which $50 million is committed funding. read more

FEB 13, 2024 - 6:46 am

Northteq, a provider of Salesforce loan origination solutions, supported the launch of ElmBlue Capital, an emerging lender in the equipment finance market. read more

FEB 12, 2024 - 6:17 am

BankFinancial expanded its board of directors with the election of Aaron O’Connor and Benjamin Mackovak. On Feb. 7, 2024, BankFinancial, Strategic Value Bank Partners, Strategic Value Investors and Mackovak agreed to a standstill agreement. read more

FEB 12, 2024 - 6:14 am

Full Skope successfully rolled out its SkopeLend platform at Sage Creek Capital, an equipment finance company led by Ethan Keeler. read more

FEB 12, 2024 - 6:09 am