Industry

Commercial Finance Partners Adds A/R Financing, Relocates, Hires Henriquez

Commercial Finance Partners added accounts receivable financing to its direct funding program, relocated its internal operations to Boca Raton, FL, and hired Laurie Henriquez as a senior account executive. read more

Tamarack Launches TrailView Customer Online Support Service Portal

In order to support modern expectations for 24/7 access to account information and streamlined account management processes, Tamarack Technology introduced the TrailView Customer Online Support Service portal. read more

Ritchie Bros. Reports Declining Excavator Volumes and Pricing in the US

According to Ritchie Bros.’ August market trends report, in the United States, median prices for large excavators are down 9% year over year, while mini excavator prices have declined 5% in the last 90 days. read more

Smarter Equipment Finance Earns Spot on 2022 Inc. 5000

Inc. ranked Smarter Equipment Finance No. 2,599 on its annual Inc. 5000 list, a ranking of the fastest-growing private companies in the United States. read more

LeaseQuery Makes Inc. 5000 for Third-Straight Year

LeaseQuery earned a spot on Inc.’s annual Inc. 5000 list, a ranking of the fastest-growing private companies in the United States, for the third-straight year, reporting three-year revenue growth of 304%. read more

West Coast-Based Equipment Dealership Launches Online Renting and Mobile App

Sonsray, a CASE construction and agriculture equipment dealership on the West Coast, partnered with Quipli to deliver online renting capabilities and a Sonsray mobile app for its end customers. read more

Equipment Finance Industry Confidence Improves in August

According to the Equipment Leasing & Finance Foundation’s August 2022 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI), overall confidence in the equipment finance market is 50, an increase from the July index of 46.1. read more

CIT Arranges $67.5MM in Financing for Acquisition of Surgical Hospital

CIT’s healthcare finance business served as lead arranger for $67.5 million in financing for the acquisition and future expansion of the Northwest Specialty Hospital in the Greater Spokane, WA, market region. read more

Accord Financial Provides $14MM Term-Heavy ABL Facility for Turnaround Acquisition

Accord Financial’s U.S. asset-based lending team closed a $14 million credit facility to support the acquisition of a regional waste management company by a private investment firm. read more

CLFP Foundation Adds 15 New CLFPs

The Certified Lease & Finance Professional (CLFP) Foundation reported that 15 individuals recently passed the eight-hour online proctored CLFP exam to earn their CLFP designation. read more

Monitor to Host Quarterly Economic Update Livestreams with Elliot Eisenberg

As part of its newly launched Monitor Suite platform, Monitor will host quarterly Member Live+ quarterly economic update livestreams exclusively for Monitor Suite subscribers with internationally renowned economist Elliot Eisenberg, Ph.D. The first of these quarterly events will be held on Oct. 4 at 1 p.m. EST. read more

BciCapital Expands Leadership Team Following Historic Q1

BciCapital, the commercial finance subsidiary of City National Bank of Florida, added five new senior executives on the heels of the most active first quarter in the firm’s history. read more

Solifi Launches SaaS Pricing Solution

Solifi, a financial technology software partner for the secured finance industry, launched a software-as-a-service-based lease and loan pricing solution for the U.S. equipment and automotive finance industries. read more

Clarus Capital Completes $7MM in Equipment-Backed Credit Facilities for Aerospace Firms

Clarus Capital completed two new equipment-backed credit facilities totaling $7 million for private equity owned firms serving the commercial aerospace industry. Jarrod Hicks, director of originations for Clarus Capital, led the transaction team. read more

Monitor to Host Next Monitor Suite Exclusive Livestream on Sept. 7

Monitor will host its next Member Live+ event exclusively for Monitor Suite subscribers on Sept. 7 at 1 p.m. EST. The livestream will feature a discussion on transformative leadership with David Walton of Caterpillar Financial, Bill Stephenson of HPS Global Leasing, Nancy Robles of Eastern Funding and Miles Herman of LEAF Commercial Capital.  read more

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