New Ventures

Regions Bank Creates Franchise Lending Team Led by Salas

Regions Bank created a franchise lending team led by industry veteran Peter Salas. Salas and his team will focus on helping drive business sustainability and expansion through specialization in franchise concepts. read more

Trio Capital Launches as New Player in Vendor-Direct Equipment Financing Space

Trio Capital, a vendor-direct equipment finance lending partner and the newest business division of CPC Investments, launched in November. Led by Dan Castellini and Joe Mancini, the company provides small to mid-ticket finance solutions for both equipment and working capital. read more

Monitor Launches W, a Monitor Suite Series Focused on Women in Equipment Finance

Monitor, the leading source of news for the equipment finance industry, has introduced Monitor W as part of Monitor Suite, the preeminent subscription platform for exclusive, premium equipment finance industry content. read more

Johnson Launches Consultation Company Consult Disrupt

Jesse Johnson, the founder of Equipment Finance Cares and vice president of sales and marketing at JDR Solutions, launched Consult Disrupt, a consulting organization formed to support equipment finance organizations with their day-to-day operations and technology related projects. read more

Alta Equipment Group Launches Alta eMobility

Alta Equipment Group, owner and operator of an equipment dealership platform in North America, launched Alta eMobility, a new business segment formed to handle every step in converting truck fleets and heavy equipment to electric power. read more

Santander Bank Expands Capabilities to Include Healthcare Equipment Financing

Santander Bank expanded its commercial equipment and vehicle finance business to include commercial equipment financing for healthcare organizations. John Pack will lead the new unit as market director for Santander Healthcare. read more

APPROVE Launches Program to Bring Power of Captive Finance to All OEMs

APPROVE, an embedded finance software provider for the equipment finance industry, launched a virtual captive finance program called APPROVE OEM that allows equipment manufacturers to give dealers and customers access to a new embedded financing solution. read more

Ivory Consulting Upgrades Its Asset Management Solution

Ivory Consulting, a provider of equipment lease and loan software, software customizations and consulting services for the equipment finance industry, released substantial enhancements to its Asset Management Solution. read more

California Bank of Commerce Creates New Specialty Banking Division

California Bank of Commerce (CBC) formed a new division to focus on existing specialty lines of business. Known as CBC Specialty Banking, the division will offer a broad asset-based lending platform branded as CBC Asset Based Lending. read more

Northteq Launches Aurora Customer Portal

Northteq, a provider of Salesforce origination solutions, launched the Aurora Customer Portal. read more

NETSOL Technologies Launches Flex – a Ready-to-Use Calculation Engine

NETSOL Technologies, a global business services and enterprise application solutions provider, launched its latest product offering - Flex, an API-based, ready-to-use calculation engine. read more

Black Equipment Finance Network Announces Formation

The Black Equipment Finance Network (BEFN) announced its formation as an organization tasked with increasing and elevating the participation of black equipment finance professionals in the industry. read more

Quality Leasing Rebrands as Quality Equipment Finance

Quality Leasing rebranded to Quality Equipment Finance after a sustained period of record growth and a campaign to realign and reaffirm the company’s brand and positioning. read more

Tamarack Technology Launches New Domain – Tamarack.ai

Tamarack Technology launched a new website domain – tamarack.ai. The domain change supports the company’s vision for the future of equipment finance. read more

GreatAmerica Launches Employee Advised Fund to Increase Charitable Giving

GreatAmerica Financial Services launched a new philanthropic fund directed by its employees. The new employee advised fund is in addition to the GreatAmerica Donor Advised Fund. It is expected to provide more than $1 million to projects in Cedar Rapids, IA. and Iowa City, IA. read more

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Terry Mulreany
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