Industry

First Citizens Provides $50MM LOC to Morningstar Properties Affiliate

First Citizens Bank’s middle-market banking business provided up to $50 million as a senior secured line of credit to an affiliate of Morningstar Properties, an investor in and operator of self-storage facilities. read more

TopMark Funding Sets Company Record, Funding $34.7MM in Q1/22

In the first three months of 2022, TopMark Funding funded a company record of $34.7 million in volume, marking a 242% year-over-year increase from Q1/21. read more

Equipment Finance Cares Hosts More Than 40 Industry Professionals at Latest Event in Cincinnati

Equipment Finance Cares held an event last week at Great American Insurance Group’s headquarters in Cincinnati. More than 40 equipment finance professionals representing 26 different organizations attended the event. read more

Boeing Capital Reports Increased Stability and Growth for Aircraft Finance Sector

According to Boeing Capital’s 2022 Commercial Aircraft Financing Market Outlook, the aircraft financing market is showing improved financing stability as the industry recovers from the impacts of the COVID-19 pandemic. read more

TEQlease Equipment Finance Provides Financing for LED Retrofit Project for Fresno EOC

The Fresno County Economic Opportunities Commission in California completed a LED lighting retrofit project with equipment and installation services supplied by LED Green Light International and financing provided by TEQlease Equipment Finance. read more

QuickFi Among Honorees in Fast Company’s 2022 World Changing Ideas Awards Program

QuickFi By Innovation Finance USA was one of the honorees of Fast Company’s 2022 World Changing Ideas Awards program this year. read more

Rinaldi Interviews Orion First’ Schaefer About Third-Party Servicing and More

As part of his Leasing Avenues video blog series, Bob Rinaldi, president of Rinaldi Advisory Services, sat down with leasing and finance entrepreneur David T. Schaefer, CEO of Orion First, for an exclusive interview. read more

CLFP Foundation Adds 14 New CLFPs at DLL

The Certified Lease & Finance Professional Foundation added 14 CLFPs at DLL after the company hosted an Academy for Lease & Finance Professionals in April. read more

CHG-MERIDIAN Increases Financed and Managed Technology Assets by 4% in 2021

CHG-MERIDIAN Group expanded its portfolio of financed and managed technology assets by 4% to $8.8 billion in 2021 while increasing consolidated net income by 30% to $128 million. read more

Small Businesses Owners Adapt to Supply Chain Disruption, Rising Inflation

According to Truist’s annual Small Business Pulse survey, supply chain issues have prompted small business owners to search for new supply sources, use local suppliers and adjust delivery schedules, while 90% of respondents have taken action to address for inflation. read more

ELFA Highlights Key Benefits of Leasing and Finance for Small Businesses

The Equipment Leasing and Finance Association highlighted key reasons for small businesses to rely on leasing and financing to acquire equipment, including eliminating the risk of ownership and staying up to date with new technology. read more

CIT Northbridge Credit Delivers $65MM Credit Facility to Hello Bello

CIT Northbridge Credit provided a $65 million credit facility to Hello Bello, a manufacturer and marketer of baby, child and adult care products. read more

Encina Equipment Finance Closes $450MM Revolving Loan Facility

Encina Equipment Finance closed a new non-recourse secured revolving loan facility with initial lending commitments from three lenders totaling $450 million. Bank of America structured the facility and is the administrative agent and the lead lender. read more

Crestmark Equipment Finance Provides More Than $36MM in Transactions from Mid-March to Mid-April

Crestmark Equipment Finance provided $25,043,991 in 21 new large-ticket transactions and $11,837,288 in 93 new small-ticket vendor transactions in the second half of March and the first half of April. read more

Forbes Names BMO Harris Bank a Best Employer for Diversity Again

Forbes named BMO Harris Bank one of the best employers for diversity for the fourth consecutive year. read more

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