Equipment Finance Cares, an organization that showcases equipment finance professionals and organizations that give back to their communities, received formal 501(c)(3) status. The organization also formed a board of directors to support its existing advisory council. read more

SEP 9, 2022 - 7:41 am

Great American Insurance Group added the power of API technology to its insurance programs for commercial equipment finance. read more

SEP 9, 2022 - 7:39 am

Pitney Bowes Financial Services provided more than $10 million in financing to two small business clients: New York City-based Ash NYC and Farmington, MI-located Digital Terrain. Pitney Bowes will deliver revolving lines of credit and term loans to the two businesses. read more

SEP 9, 2022 - 7:37 am

MMP Capital, a commercial finance company specializing in equipment financing, leasing and unsecured capital, closed a $75 million secured warehouse line with Deutsche Bank. read more

SEP 8, 2022 - 7:46 am

Volvo Financial Services is partnering with Junior Achievement Worldwide in an effort to teach financial literacy skills to young people in nine countries. read more

SEP 8, 2022 - 7:40 am

Ambient Photonics closed the financing for its U.S. solar manufacturing facility, with Silicon Valley Bank and Trinity Capital adding $17.5 million in debt financing to the company’s equity investments of $31 million, raising Ambient’s combined equity and debt funding to $48.5 million. read more

SEP 8, 2022 - 7:36 am

Kawasaki Motors Finance, the captive finance arm of Kawasaki Motors, a global distributor of powersports vehicles, migrated its entire U.S. operations to the Solifi Wholesale Finance software-as-a-service (SaaS) platform in December 2021. read more

SEP 7, 2022 - 7:36 am

DCR Technologies changed its name to Trnsact to better represent its growing role and expanding solutions for commercial equipment finance. read more

SEP 6, 2022 - 7:30 am

Inovatec Systems, a provider of cloud-based software solutions for lenders, partnered with TruDecision, an artificial development company, on machine learning-based analytics tools that improve loan portfolio performance. read more

SEP 6, 2022 - 7:28 am

Jonathan Fleisher, a partner at Cassels, was recently named Toronto’s “Lawyer of the Year” for Equipment Finance Law by Best Lawyers in Canada. Fleisher is a partner in the banking and specialty finance group at Cassels. read more

SEP 2, 2022 - 7:22 am

CIT and its healthcare finance business increased its existing credit facilities for FOX Rehabilitation by $50 million for a total financing of $172.3 million. read more

SEP 2, 2022 - 7:18 am

White Oak Healthcare Finance acted as sole lender and administrative agent on the funding of a $42.3 million asset-based senior credit facility for Cascadia Healthcare, which operates skilled nursing facilities located in Idaho, Washington, Oregon, Montana, Arizona and New Mexico. read more

SEP 2, 2022 - 7:15 am

The National Association of Credit Management’s Credit Managers' Index (CMI) remained at a combined score of 55 in August, with improvements in unfavorable factor indexes offsetting deterioration in favorable factor indexes. read more

SEP 1, 2022 - 7:42 am

Transport Enterprise Leasing signed a letter of intent with Cummins to purchase Cummins’ 15-liter hydrogen internal combustion engines when available. Transport Enterprise Leasing will integrate the Cummins’ X15H hydrogen engines into its fleet of heavy-duty trucks. read more

SEP 1, 2022 - 7:41 am

TimePayment, a financial technology company in sales financing for specialty equipment sellers, closed on a new $375 million revolving credit facility, including a $50 million accordion. BMO Harris Bank is serving as the lead agent for a bank syndicate that includes eight commercial banks. read more

AUG 31, 2022 - 7:25 am