Industry

Energage Names First American Equipment Finance a Top Workplace in the US

Energage, an organization that develops solutions to build and brand top workplaces, ranked First American Equipment Finance 29th on its 2022 list of the top workplaces in the United States with between 150 and 499 full-time employees. read more

KWIPPED Rebrands as APPROVE

KWIPPED changed its name and will now do business as APPROVE. Launched in 2015, KWIPPED is a B2B equipment marketplace and e-commerce platform that enables businesses to rent, buy and finance equipment from a network of participating equipment suppliers. read more

NFS Leasing Reports 16% Y/Y Originations Growth in 2021

NFS Leasing, a privately-held equipment finance company, achieved 16% year-over-year growth in originations in 2021. read more

Solifi Added 15 New Customers, Completed 25 Go-Lives in 2021

In 2021, Solifi (formerly IDS), a global software provider for the secured finance industry, finalized its acquisitions of William Stucky and Associates and White Clarke Group, rebranded, launched a new website, added 15 new customers and completed 25 go-lives. read more

JDR Solutions Set Company Record for Revenue in 2021

JDR Solutions, a provider of support services and infrastructure to the equipment finance industry, reported that 2021, the company’s 20th year in business, was the highest revenue-generating year in its history. read more

Stonebriar Commercial Finance Closes $69MM Real Estate Financing Transaction

Stonebriar Commercial Finance closed a $69 million financing for the repositioning of vacant industrial real estate. This 85% loan-to-cost mortgage financed both the purchase and redevelopment of a single industrial asset into two separate triple-net properties. read more

Mitsubishi HC Capital’s Corporate Asset Finance Group Surpasses $1.5B in Originations

Mitsubishi HC Capital (U.S.A.) recently surpassed $1.5 billion in lease and finance originations through its corporate asset finance group (CAF). Launched six years ago, the CAF group has transacted with more than 200 new customers and recorded more than $4.5 billion in funding since inception. read more

Clarus Capital Closes $25MM Lease Facility for Equipment Rental Operator

Clarus Capital completed a $25 million lease facility for a national equipment rental company. Matt Worman, whom Clarus Capital recently hired as head of direct originations, led the transaction.  read more

Boston Financial & Equity Closes $3MM Equipment Lease for Lithium-Ion Battery Manufacturer

Boston Financial & Equity closed a $3 million equipment lease line pari passu with a company focused on the lithium-ion battery manufacturing industry. read more

TopMark Funding Surpasses 2021 Revenue Goal by 19%

TopMark Funding, a funding destination for commercial vehicle dealerships and small to midsized fleets, exceeded its Q4/2021 revenue goal by 38% and finished ahead of its 2021 revenue goal by 19%.  read more

ELFA: New Business Volume for 2021 Increases 9% Compared with 2020

According to the ELFA’s Monthly Leasing and Finance Index, overall new business volume for December 2021 was $11.8 billion, down 3% year over year from new business volume in December 2020. However, cumulative new business volume for 2021 was up almost 9% compared with 2020. read more

Tamarack Technology Launches AI Platform for Equipment Finance

Tamarack Technology, a provider of software solutions for the equipment finance and commercial lending industries, launched an artificial intelligence offering: Tamarack.ai. read more

Fleet Advantage Exceeds More Than $2.5B in Lease Originations in Last Decade

Fleet Advantage, a provider of truck fleet business analytics, equipment financing and life cycle cost management, reached a new milestone, achieving more than $2.5 billion in lease originations over the last 10 years. read more

Maxim Commercial Capital Provided Financing in 41 States in 2021

Maxim Commercial Capital reported that it fulfilled the financing needs of small and mid-sized businesses in 41 states and expanded its truck financing program during 2021 despite global disruptions in the equipment industry and the lingering COVID-19 pandemic. read more

Regions Bank Launches Commercial Business Development Team

Regions Bank launched a commercial business development team focused specifically on helping small businesses build customized plans for financial success. The new team will be led by Jordan Baxter, senior vice president of commercial banking at Regions Bank. read more

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