Economic activity in the manufacturing sector grew in May, with the overall economy achieving a 24th consecutive month of growth, according to the Manufacturing ISM Report on Business from the Institute for Supply Management. read more

JUN 2, 2022 - 7:32 am

Air Lease revealed long-term lease placements for three new Airbus A321neo aircraft with LATAM Airlines. The aircraft will be scheduled to deliver to LATAM in summer and fall of 2023 from ALC’s orderbook with Airbus. read more

JUN 2, 2022 - 7:30 am

NETSOL Technologies, a business services and enterprise application solutions provider, implemented its modern technology platform, Ascent on the Cloud (LeasePak Version), for a North American lease and loan portfolio servicing provider. read more

JUN 1, 2022 - 7:43 am

CIT’s healthcare finance business served as sole lender on a $22 million loan to AZ Banner Investments, which is managed by Webb Management & Investments. AZ Banner Investments used the loan to refinance a three-story medical office building in Chandler, AZ. read more

JUN 1, 2022 - 7:41 am

Ritchie Bros. recently held regional auctions in the United States and Canada, setting new regional records by selling more than $65 million of equipment in its U.S. Rocky Mountain event and more than $27 million sold in the Canadian regional event in British Columbia. read more

JUN 1, 2022 - 7:36 am

Democrat & Chronicle named First American Equipment Finance No. 1 on its 2022 list of the top workplaces in Rochester, NY, among midsize companies (125 to 399 full-time employees). read more

JUN 1, 2022 - 7:35 am

Encina Equipment Finance provided a $40 million equipment lease line to a consumer packaging company for the installation of new manufacturing lines. read more

MAY 31, 2022 - 7:36 am

CIT’s maritime finance business served as sole lead arranger on up to $30.5 million in financing to expand Lomar Shipping's portfolio of dry bulk vessels. read more

MAY 31, 2022 - 7:35 am

Ritchie Bros. held its second Fort Worth, TX, auction of the year, selling more than $60 million of equipment and trucks for more than 700 consignors. The three-day online auction yielded year-over-year gross transaction value growth of approximately 9%. read more

MAY 27, 2022 - 7:37 am

As part of its updated partnership with Alfa, Lloyds Bank will transition to Alfa Systems v5, a cloud-based system that will automate its asset finance solution’s customer servicing, income collection and recovery and pay-out handling. read more

MAY 26, 2022 - 7:49 am

QuickFi was voted best in show at Finovate Spring 2022, a financial technology event series and digital engagement platform. QuickFi participated with 52 other companies at the event. read more

MAY 24, 2022 - 7:11 am

Encina Equipment Finance provided a $20 million loan to an automobile repair company for the purchase of various equipment for new store locations. read more

MAY 23, 2022 - 7:15 am

Inspiration Mobility, a sustainable infrastructure platform dedicated to accelerating the electrification of transportation, secured an additional $215 million of capital and added Gary Gadsden and Chris Getner to its leadership team. read more

MAY 20, 2022 - 7:11 am

According to the Equipment Leasing & Finance Foundation’s May 2022 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI), overall confidence in the equipment finance market is 49.6, a decrease from the April index of 56.1. read more

MAY 19, 2022 - 7:14 am

Equipment Finance Cares will hold its next event on June 21 from 1:30 p.m. to 7 p.m. CST at the Midland Hills Country Club in Roseville, MN. read more

MAY 19, 2022 - 7:08 am