New Ventures

KLC Financial Begins Financing Emerging Software Technologies

Capital equipment financing company KLC Financial has launched new competitive financing options for companies looking to invest in emerging software technologies. read more

Atlantic Union Taps Kreyling to Lead New Equipment Finance Division

Atlantic Union Bank has launched Atlantic Union Equipment Finance and tapped industry veteran Jule Kreyling to lead it as president. read more

Ware Launches EF Consultancy Tom Ware Advisory Services

Tom Ware, an 18-year veteran of PayNet, has opened a new consulting firm focused on helping equipment finance companies and alternative lenders leverage data and analytics. read more

Arista Financial to Enter Mobility Industry with Arista Mobility Group

Arista Financial, a financial services holding company that through its wholly owned subsidiary, Arista Capital, provides financing options to small truck lenders, will enter the mobility industry. read more

First Women’s Bank Submits FDIC Application, Names Board of Directors

First Women’s Bank, an innovative commercial bank with a strategic focus on the women’s economy, filed applications with the FDIC to organize FWBank. read more

DCV Franchising Group Expands Operations into Canada

National professional services firm DCV Franchising Group plans to assist U.S.-based franchisors with finding suitable lending options in Canada, creating a formal relationship with Canadian lenders. read more

Jogal Joins Umpqua to Lead New Fixed Income Group

Umpqua Bank formed a Wholesale Liquidity & Fixed Income group within its Global Payments & Deposits Division. It tapped Amit Jogal as managing director of the new group. read more

Blooma Launches, Seeks Funding for AI-Based Commercial Loan Platform

On August 20, 2019, Blooma launched as a company dedicated to automating AI-driven decision making in commercial loan origination. It concurrently completed its first outside seed round at $2.75 million. read more

First Midwest Expands Lending Capabilities, Hires ESOP Team

First Midwest Bank expanded its specialty lending capabilities by hiring a team of bankers experienced in lending to ESOP-owned companies. read more

Fifth Third Launches Renewable Energy Investment Banking Group

Fifth Third Securities hired Timothy Beach, Ari Citrin and Oliver Janssen as managing directors to lead its new Renewable Energy Investment Banking Group. read more

GSG Financial Rebrands as OnPoint Capital

GSG Financial completed its company name change to OnPoint Capital. This change is part of a larger corporate rebranding effort of its parent company OnPoint Group. read more

Crossroads Small Business Solutions Re-invents Itself as VelocitySBA

To better reflect its business mission of providing fast, efficient SBA lending to small businesses, Crossroads Small Business Solutions has changed its corporate name to VelocitySBA. read more

Feinberg, Murphy Launch Online Equipment Finance & Leasing School

Josh Feinberg and Will Murphy, the founders of Everlasting Capital, launched EquipmentBrokerSchool.com, an online equipment finance and leasing training course. read more

SMBC Launches Global Aviation Equipment Leasing Fund

SMBC Aviation Capital launched GAEL, a closed-end fund which has raised equity capital from 17 Japanese institutional investors and a secured debt financing from an internationally recognized bank. read more

TriGrow Launches Equipment Financing Product for Cannabis Operators

TriGrow Systems, an end-to-end cannabis cultivation solutions provider, launched TriGrow Capital, a division to help operators finance both capital and technology resources. read more

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