Industry

Solifi Releases Latest Version of its ABL Software

Solifi released its latest version of Solifi Asset-Based Lending (ABL) software. The updated version includes several new and enhanced features designed to provide a richer experience for customers and lenders, mitigate risk and streamline processes. read more

ACIA Aero Leasing Upsizes Revolving Credit Facility with Investec Bank

ACIA Aero Leasing, a provider of regional aircraft leasing and lease management services, upsized its initial revolving credit facility with Investec Bank. read more

Lenovo Selects Odessa to Support Global Transformation

Lenovo selected the Odessa platform to help streamline its “Everything-as-a-Service” global programs and provide support across the organization and its customers. read more

Crystalfi Unveils Family Brand Structure

Crystalfi, a Miami-based financial service company, lunveiled its new family brand structure, which includes American Auto Bankers, MAKO Equipment Finance and CrystalFi Commercial Credit.  read more

Channel Makes Inc. 5000 for 10th-Straight Year

Channel earned a place on the Inc. 5000 Annual List of The Fastest-Growing Private Companies in America for a 10th consecutive year. Just under 45,000 companies have been named to the list since it began in 1982, of which only 90 have appeared 10 or more times. read more

CLFP Foundation Names Reinhart 2022 Cindy Spurdle Award of Excellence Winner

The Certified Lease & Finance Professional Foundation named Candace Reinhart, CLFP, COO/CXO at CoreTech Leasing, the 2022 Cindy Spurdle Award of Excellence winner. read more

Commercial Credit Makes Business North Carolina’s Mid-Market Fast 40 List For 10th Time

Commercial Credit, parent company of Commercial Credit Group, Keystone Equipment Finance and Commercial Funding, once again made Business North Carolina’s Mid-Market Fast 40 List. This marks the 10th time in a row the company has been named to the list. read more

BizCap Secures $20MM Credit Facility for Helicopter Manufacturer Schweizer

BizCap secured a $20 million credit facility for Schweizer, a manufacturer of helicopters and an aviation industry parts supplier. The new asset-based loan credit facility will be used to finance production, enabling Schweizer to meet the increased demand for its helicopters, repair services and spare parts. read more

Moritt Hock & Hamroff Named a Best Financial Law Firm

Law firm Moritt Hock & Hamroff was named a top three winner for best financial law firm for its financial services practice in Long Island Business News' 2022 Annual Reader Rankings List. read more

Toyota Financial Services Issues Diversity & Inclusion Bond of $750MM

Toyota Financial Services issued its sixth diversity and inclusion bond totaling $750 million. This latest bond offering continues Toyota Financial Services' ongoing commitment to helping diverse underwriting firms strengthen their experience working on high-profile deals. read more

Ryder Makes Food Logistics’ Top 3PL Providers List for 10th-Straight Year

Ryder System was listed among Food Logistics’ Top Third-Party Logistics & Cold Storage Providers for 2022. The honor marks Ryder’s 10th consecutive year on the list. read more

CIT Increases Financing by $18MM for Globus Maritime

CIT’s maritime finance business increased its financing for Globus Maritime by $18 million. The lending increase expands CIT's relationship with Globus Maritime and raises CIT's total financing to the client to $52.25 million, which is secured by seven dry-bulk shipping vessels. read more

ECN Capital Sells Kessler Group Business to Stone Point Capital

ECN Capital entered into a definitive agreement with funds managed by Stone Point Capital to sell all of the issued and outstanding equity interests in ECN Kessler Holdco, a wholly-owned, indirect subsidiary of the ECN through which ECN operates the Kessler Group business. read more

ELFA: July New Business Volume in Equipment Finance Rises 2% Y/Y

According to the Equipment Leasing and Finance Association, overall new business volume for July was $10.1 billion, up 2% year over year from new business volume in July 2021. However, volume was down 2% from $10.3 billion in June. read more

ELFA Provides Resources About Enhanced Financial Disclosure Requirements

With commercial financing disclosure requirements taking effect in various states this year, the Equipment Leasing and Finance Association is providing multiple resources for members and updates on the activity of its state advocacy team. read more

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