In its May market trends report, Ritchie Bros. reported pricing is still up year over year, but some month-to-month inflation rates are slowing. For example, in the United States, truck tractor prices are up approximately 52% year over year after they were up 58% year over year in last month's report. read more

MAY 18, 2022 - 7:09 am

Ritchie Bros. conducted its largest-ever auctions in Ontario and Manitoba, selling more than C$102 million ($78 million) of equipment and trucks. The auctions attracted 11,900 registered bidders to compete for more than 6,400 items at both events. read more

MAY 17, 2022 - 7:09 am

The Certified Lease & Finance Professional (CLFP) Foundation added 14 CLFPs and associates. read more

MAY 16, 2022 - 7:28 am

BrightReps rebranded as FlowEQ and unveiled an expanded solution that goes beyond customer support to help all teams that need to accelerate important recurring workflows. read more

MAY 16, 2022 - 7:22 am

Inc. Magazine named Dakota Financial to its 2022 Best Workplaces list. The Inc. Magazine Best Workplaces list recognition is awarded to companies that have a clear purpose and strong leadership that makes the parts work together. read more

MAY 16, 2022 - 7:19 am

Crestmark Equipment Finance provided $10,080,680 in 11 new large-ticket transactions and $2,320,351 in 20 new small-ticket vendor transactions in the second half of April. read more

MAY 16, 2022 - 7:16 am

ACT Research’s preliminary reports show that net trailer orders in April were 16,100 units, down almost 60% from the previous month and up slightly from the same month last year. read more

MAY 16, 2022 - 7:12 am

CIT’s power and energy business served as coordinating lead arranger on $714 million in financing for a portfolio of thermal generation assets in California. The proceeds will be used to refinance a 1.8-gigawatt portfolio managed by Middle River Power. read more

MAY 12, 2022 - 7:40 am

Dynamic Capital Equipment Finance closed a $200 million committed funding facility with MOVE Trust and the committed MOVE Trust note investor, BDC. read more

MAY 12, 2022 - 7:37 am

CleanCapital closed a credit facility of up to $200 million to support its pipeline of distributed solar and energy storage projects. Rabobank will act as mandated lead arranger, administrative agent and collateral agent for the facility. read more

MAY 12, 2022 - 7:32 am

Ritchie Bros. conducted 45 farm auctions in March and April through its timed auction technology, selling more than 5,000 agricultural items, including more than 70 combines, 60 air drills, 50 4WD tractors and 120 parcels of farmland. read more

MAY 12, 2022 - 7:29 am

Small business loan approval percentages at big banks (more than $10 million in assets) rose from 14.9% in March to 15.1% in April, and approval at small banks (under $10 billion in assets) also increased, rising from 20.6% in March to 20.8% in April, according to Biz2Credit. read more

MAY 11, 2022 - 7:10 am

Trinity Capital, a provider of debt and equipment financing to venture capital-backed companies, closed a $30 million equipment financing line for Aledia, a LED technology company that develops and manufactures next-generation microLED displays. read more

MAY 11, 2022 - 7:07 am

CDB Aviation, a wholly-owned Irish subsidiary of China Development Bank Financial Leasing, procured a $530 million unsecured syndicated term loan from BNP Paribas and a group of other financial institutions. read more

MAY 11, 2022 - 6:56 am

36th Street Capital served as lessor of record and servicer for $40 million in equipment financing of manufacturing equipment dedicated to the production of electric vehicle components. 36th Street funded $14 million of the total financing package. read more

MAY 10, 2022 - 7:24 am