Industry

Dext Capital Enhances DART Platform

Since Dext Capital launched its Dext Access Real Time (DART) platform in October of 2021, the platform has expanded to include access to vendor partners and brokers as well as the ability to choose SMS or email for DART notifications. read more

ELFA’s Credit and Collection Manager Surveys Indicate Strong Booking Volume

According to the Equipment Leasing and Finance Association’s recently released Credit manager and collection manager surveys, expectations for booking volume are strong and credit quality is good despite a slight increase in delinquency, which, along with charge-offs, still remains low. read more

Geneva Capital Earns Top Workplace Honor from Star Tribune

The Star Tribune named Geneva Capital a top workplace in Minnesota. The Star Tribune’s Top Workplaces recognizes the most progressive companies in Minnesota based on employee opinions collected via a third-party survey. read more

ENGS Leverages AI and Visual Analytics to Improve Digital Sales Process

ENGS Commercial Finance completed an integration with Salesforce’s Tableau platform to further enhance its proprietary artificial intelligence engine and customer key performance indicator analytics platform. read more

Encina Equipment Finance Provides $10MM Equipment Lease Line to Fabric Manufacturer

Encina Equipment Finance provided a $10 million equipment lease line to a global manufacturer of threads and fabrics, which will use the funds to purchase new manufacturing equipment. read more

Enquirer Media Names Verdant Commercial Capital a Top Workplace

Enquirer Media named Verdant Commercial Capital a 2022 Top Workplace in the Greater Cincinnati and Northern Kentucky area. read more

Ryder Expands Freight Brokerage Business with New Office in Nashville, TN

Ryder System expanded its freight brokerage business with a new office in Nashville, TN, with two additional locations planned to open in 2023. The expansion is part of the company’s strategy to grow its broader transportation solutions. read more

ELFF: Equipment Finance Industry Confidence Rises Slightly in June

According to the Equipment Leasing & Finance Foundation’s June 2022 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI) overall confidence in the equipment finance market is 50.9, up from the May index of 49.6. read more

United Trust Bank Partners with Alfa Partner to Transform Asset Finance Business

United Trust Bank has partnered with software specialist Alfa to transform the bank’s asset finance operations with an integrated digital solution improving broker service and supporting UTB’s growth plans. read more

Crestmark Supplies More Than $22MM in Equipment Financing Solutions in May

Crestmark Equipment Finance provided $16,094,651 in 20 new large-ticket transactions and $6,435,042 in 50 new small-ticket vendor transactions in May. read more

Orion First Provides Contract Servicing for Conserv Capital

Orion First has begun servicing contracts for Conserv Capital, a lender to contractors and haulers for heavy equipment in the Southeast with more than 1,500 pieces of equipment and more than 750 customers in 30 states. read more

CIT Closes $17MM Construction Loan for Saxum Real Estate

Saxum Real Estate closed on a $17 million construction loan from CIT, a division of First Citizens Bank, for the financing of two industrial developments in Hazleton, PA. read more

JDR Solutions Partners to Provide Third-Party Servicing to Sweet Leaf Madison Capital

JDR Solutions will be servicing Sweet Leaf Madison’s customer base throughout the United States, managing all its real estate loans, equipment leasing transactions and secured term loans. read more

First National Capital Corporation Reports 50.6% Increase in ESOP Share Value in 2021

As part of its employee equity program, First National Capital Corporation, a commercial equipment and aviation finance provider, increased ESOP share value by 50.6% in 2021. read more

APPROVE Launches Mobile App to Help Equipment Sales Teams Offer Financing with Ease

APPROVE Payments launched APPROVE on the Move, a mobile app designed to let equipment sales professionals see up-to-the-minute information on pending financing applications for their customers from anywhere. read more

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