New Ventures

Chesswood Group Forms Home Finance Platform, Names Rajchel CFO

Chesswood Group formed a consumer home finance unit, Vault Home Credit, and named Tobias Rajchel chief financial officer. Rajchel has been serving as interim Chief Financial Officer since March 2021. read more

Associated Bank to Launch New Equipment Finance Vertical

Associated Banc-Corp announced plans to form a new equipment finance vertical, which will be launched in Q1/22. The new vertical will be supported by a team of multiple specialists with hiring expected to begin in Q4/21. read more

Suntuity AirWorks Launches Drone Equipment Leasing Program

Suntuity AirWorks, the drone and UAV services division of the Suntuity Group of companies, launched a drone equipment leasing program to help the private and public sectors update their services with drone technology. read more

Dext Capital Begins Offering Working Capital Loans

Dext Capital began offering working capital loans of up to $250,000 with terms between three months and 24 months. These loans will be funded directly into a business’s bank account and can be used for any business purpose. read more

Former Maxium Financial Execs Launch Care Lending Group

Care Lending Group launched its new financing company led by CEO Paul McLean. With an initial portfolio in excess of $60 million, the company offers lending solutions to the golf and healthcare industries and other niche markets. read more

Insight Investments Expands into Canada, Taps Johnson to Lead New Business Unit

Insight Investments launched Insight Equipment Finance in Toronto, marking the expansion of its equipment leasing operations into Canada. Insight also hired Doug Johnson to oversee the expansion as executive vice president and country manager for Insight Equipment Finance. read more

Link Auctions Launches as Global Auction Company

Link Auctions launched as an auction company that extends capabilities in equipment appraisals, industrial auctions and asset remarketing for industrial companies and financial institutions looking to lean into evolving manufacturing technologies while continuing to serve traditional asset classes. read more

Amur Equipment Finance Introduces ‘Wildcat’ Program with Rates as Low as 3.99%

Amur Equipment Finance launched Wildcat, a specialized finance program to provide rates as low as 3.99% with terms of up to 72 months to ensure that its vendor partners have a range of financing options for their small business customers.  read more

CSI Leasing Launches Subsidiary in Japan

CSI Leasing expanded its operations in the Asia-Pacific region by opening a subsidiary in Japan. Cheng Chiin Ong, CSI Leasing’s current managing director and CEO of the Asia-Pacific region, will manage the new subsidiary. read more

HSBC USA Expands Sustainable Finance Offerings with Sustainability-Linked Loans

HSBC Bank USA, part of the HSBC Group, will begin offering sustainability-linked loans (SLL) that will enable U.S businesses to tie their borrowing to activities that support sustainability initiatives. read more

First Commonwealth Enters Equipment Finance Business, Hires Boyer to Run Unit

First Commonwealth Bank will enter the equipment leasing and finance business with the addition of Rob Boyer to its executive team as executive vice president of First Commonwealth Bank and president of First Commonwealth Equipment Finance Group. read more

Wintrust Commercial Finance Launches Aviation Group, Hires Cole to Lead

Wintrust Commercial Finance launched Wintrust Commercial Finance Aviation Group, a new group supporting businesses in the aviation industry. Wintrust Commercial Finance hired Michael Cole as senior vice president to spearhead the development of the group. read more

EnTrust and SVPGlobal Acquire DVB Bank’s Aviation Investment and Asset Management Business

EnTrust Global and funds managed by Strategic Value Partners and its affiliates (SVPGlobal) completed the acquisition of DVB Bank Group’s aviation investment and asset management business, resulting in the formation of Deucalion Aviation. read more

KKR Launches Commercial Aviation Lending Platform, Buys $800MM Portfolio from CIT

KKR launched AV AirFinance Limited, a global commercial aviation loan servicer established by a team of industry professionals together with KKR. To support the launch, KKR and AV AirFinance agreed to purchase a nearly $800 million portfolio of aviation loans from CIT. read more

Tech Data Launches Captive Finance Company to Provide Payment Solutions

Tech Data launched Tech Data Capital, a captive finance company that offers payment solutions to help businesses acquire Tech Data technology products and services. read more

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