CIT’s community association banking group won the Best B2B Payments Platform award for C-PropertyPay in the sixth annual FinTech Breakthrough Awards program. read more

APR 28, 2022 - 7:08 am

Air Lease will increase its senior unsecured revolving credit facility to approximately $7 billion from $6.8 billion on May 5. Air Lease will also extend the final maturity date of the facility from May 5, 2025, to May 5, 2026. JPMorgan Chase Bank is the administrative agent for the facility. read more

APR 27, 2022 - 7:23 am

Inovatec Systems, a provider of cloud-based software solutions for lenders, released its Inovatec LMS 2.0 platform, a loan management and servicing system designed to help lenders automate and streamline workflows. read more

APR 27, 2022 - 7:21 am

CleanSpark, a Bitcoin mining and energy technology company, finalized $35 million in non-dilutive financing from Trinity Capital. The three-year equipment financing agreement is backed by 3,336 new S19j Pro miners and carries an annual interest rate of 9.9%. read more

APR 27, 2022 - 7:16 am

Citizens M&A Advisory served as exclusive financial advisors to DSG Consulting on its sale to Corporate Visions, a portfolio company of The Riverside Company. DSG Consulting is a consultancy that helps B2B companies accelerate revenue. read more

APR 27, 2022 - 7:12 am

Ascentium Capital reported $392.5 million in financed volume in Q1/22, exceeding its Q1/21 volume by $81.4 million or 26.2%. read more

APR 26, 2022 - 7:15 am

Syndifi, the cloud-based syndication software provider built specifically for the equipment finance industry, added Nexseer Capital as its newest client. Nexseer Capital will use Syndifi’s platform to digitize its overall loan syndication processes. read more

APR 26, 2022 - 7:11 am

Ritchie Bros. will sell more than 11,000 items for more than 1,400 consignors at its next equipment auction in Edmonton, AB, which will be held from May 2 to May 7. Bidding for the auction will be available online, via mobile app and in person. read more

APR 26, 2022 - 7:06 am

According to the Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index, overall new business volume for March was $10.6 billion, up 14% year over year from March 2021. In addition, volume was up 49% month to month from $7.1 billion in February. read more

APR 25, 2022 - 7:18 am

Blair Dawson joined STRIPES Leadership Program as executive director and general manager. Dawson will work closely with CEO, Lisa Rafter, to establish and implement strategy for existing and future programs. read more

APR 22, 2022 - 7:27 am

Transervice Logistics ranked No. 30 in Transport Topics’ annual Top 100 list of the largest third-party logistics companies competing in North America based on gross revenue for the most recent 12-month period. read more

APR 22, 2022 - 7:09 am

Penske Truck Leasing opened a new facility in Everett, WA. It is the first new build by the company in the state of Washington. The new facility serves a much greater capacity within its existing market. read more

APR 22, 2022 - 7:01 am

The Equipment Leasing & Finance Foundation released the April 2022 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI). Confidence in the equipment finance market is 56.1, a decrease from the March index of 58.2. read more

APR 21, 2022 - 7:39 am

Wintrust Commercial Finance is celebrating seven years in business this month. Since its inception with four founding employees, WCF has grown to a staff of 50, including new personnel hired in the WCF Aviation Group. read more

APR 21, 2022 - 7:36 am

For the first time in its history, Ritchie Bros. Financial Services has surpassed $1 billion in open credit approvals from customers across North America. read more

APR 21, 2022 - 7:24 am