New Ventures

Ritchie Bros. Launches Self-Serve Equipment Listing Service

Ritchie Bros. launched a new self-serve equipment listing service: The new service gives customers the control and tools to sell equipment privately. read more

Oakmont Capital Services Launches Broker Services Division, Hires Koltes and Renneker

Oakmont Capital Services added a broker services division and Missy Koltes, CLFP, joined the company as broker services specialist to co-lead the division with Jim Peach. In addition, Oakmont added Tabitha Renneker as a business development officer. read more

Castlelake Establishes Corporate Lessor of Commercial Aircraft

Castlelake, an alternative investment firm and provider of aircraft investing, leasing and servicing, created Castlelake Aviation Limited, a corporate lessor of commercial aircraft that will finance a portfolio of modern aircraft. read more

HSBC Expands Sustainable Finance Product Suite for Canadian Businesses

HSBC Bank Canada launched five new sustainable finance tools for commercial and global banking clients, including green deposits, green trade finance, green revolving credit facilities, sustainability-linked loans and green equipment financing. read more

Syndifi Launches Deal Pools Feature on Online Syndication Platform

Syndifi, an online syndication software provider company built specifically for the equipment finance industry, launched deal pools as a new platform feature. read more

Gol and Grupo Comporte Order 250 VA-X4 Zero Emissions Aircraft from Avolon

Avolon entered a partnership with Gol, a Brazilian airline, and Grupo Comporte, a Brazilian transport operator, to commercialize an eVTOL ride sharing platform in Brazil. As part of the agreement, Gol and Grupo Comporte committed to purchase or lease up to 250 VA-X4 eVTOL aircraft. read more

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

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