Wintrust Specialty Finance, a division of Beverly Bank & Trust Company, has exceeded $1 billion in funded contracts in its first three years by earning market share with equipment vendor partners and supporting independent lessors’ liquidity needs through portfolio purchases. read more

JUL 28, 2022 - 7:25 am

Encina Private Credit expanded its capital base with $500 million in incremental capital commitments. In connection with the significant expansion of its capital base, Encina Private Credit also hired Michael Hensinger as its president and chief commercial officer. read more

JUL 28, 2022 - 7:21 am

Sandhills Global will host its Sandhills Global Forum in Lincoln, NE, from Aug. 9 to Aug. 10 for hundreds of professionals from across the agriculture, commercial trucking, construction, heavy machinery and aviation industries. read more

JUL 28, 2022 - 7:16 am

Ascentium Capital achieved $480.8 million in financed volume and experienced a company record number of applications and approvals in Q2/22, exceeding Q2/21 volume by $122.9 million or 34.3%. read more

JUL 27, 2022 - 7:32 am

Monitor introduced Monitor Suite, the preeminent subscription platform for exclusive premium equipment finance industry content, which will launch Aug. 9. Featuring high quality streaming video series, a library of in-depth data reports, members-only events and livestreams and much more, Monitor Suite is open for pre-registration at a special introductory annual rate of $99 for a limited time. read more

JUL 26, 2022 - 7:32 am

According to the Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index (MLFI-25), overall new business volume for June was $10.3 billion, down 1% year over year from June 2021 and up 10% from $9.4 billion in May. read more

JUL 26, 2022 - 7:22 am

Following the completion of its acquisition by HPS Investment Partners earlier this year, Marlin Leasing will be rebranded as PEAC Solutions, folding it into the greater PEAC family of companies, which has more than $5.1 billion in combined balance sheet lease assets. read more

JUL 26, 2022 - 7:15 am

Ritchie Bros. sold more than 4,200 equipment items in its latest auction in Fort Worth, TX, generating more than $59 million in gross transaction value and attracting more than 11,500 bidders. read more

JUL 26, 2022 - 7:14 am

Quality Leasing posted a 95% year-over-year increase in funding volume for the first half of 2022. Additionally, the company’s number of funded transactions grew by 50% in the same period and its average contract size rose by 30% to more than $100,000. read more

JUL 25, 2022 - 7:33 am

Pittco Management partnered with 1819 Partners to establish Crockett Partners Fund I, which was formed to own, rent and resell construction and industrial equipment. Crockett Partners Fund I will place its equipment on EquipmentShare's equipment ownership platform. read more

JUL 25, 2022 - 7:28 am

Through its newly established Certified Lease & Finance Professional prep program, AP Equipment Financing has added 10 new CLFPs this year. With this new class of CLFPs, AP Equipment Financing now has 25 employees with the CLFP designation, representing 25% of the company. read more

JUL 22, 2022 - 7:27 am

According to the Equipment Leasing & Finance Foundation’s July 2022 Monthly Confidence Index for the Equipment Finance Industry, overall confidence in the equipment finance market is 46.1, a decrease from the June index of 50.9. read more

JUL 21, 2022 - 7:31 am

By implementing Tamarack Technology’s artificial intelligence platform, KLC Financial has realized improvements in operational efficiency. read more

JUL 21, 2022 - 7:30 am

CIT’s power and energy business arranged $88 million in financing for a 173-megawatt standalone merchant battery storage facility in Texas. Siemens Financial Services participated as joint lead arranger in the financing. read more

JUL 21, 2022 - 7:26 am

Beautifi, a provider of financing solutions for cosmetic procedures, selected Inovatec Systems to provide cloud-based loan origination and loan management services for clinics, practitioners and patients across Canada. read more

JUL 21, 2022 - 7:24 am