New Ventures

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, 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

SVS Launches Sheer Acquisition Capital Equipment Leasing Group

Sheer Venture Solutions, a concierge merchant banking firm, formed a new division, Sheer Acquisition Capital, to increase its presence and participation in the equipment leasing industry. read more

Huntington Creates Medical Practice Specialty Business Banking Unit

Huntington launched a health care finance team dedicated to helping private health care and medical practices located east of the Mississippi with specialized loan products, including, among other things, equipment finance. read more

TCF Financial Launches TCF Capital Solutions

TCF Financial launched TCF Capital Solutions, which brings together TCF Equipment Finance and Winthrop Resources to deliver financing solutions to the healthcare, industrial, specialty markets, and technology industries. read more

FaaStrak Launches Alternative Financial Products Division

Automated business financing company FaaStrak released FaaSfunds, a new division of the company focused on alternative financial products for businesses, and an updated version of their flagship technology platform. read more

DLL Partners with UniCarriers Americas to Launch UniCarriers Capital

UniCarriers America entered into a partnership with DLL to offer its dealers a private financial program, UniCarriers Capital. The program will be funded and administered by DLL and will support all UniCarriers forklift models. read more

Pelagic Capital, BitX Funding Form Strategic Partnership

Transportation finance company Pelagic Capital and BitX Funding pooled resources to expand their offerings for business financing, combining BitX’s online marketplace with Pelagic’s leasing and dealership universe. read more

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