Of Interest

US DOT Approves Increase to Global Crossing Airlines’ Fleet

The U.S. Department of Transportation authorized Global Crossing Airlines Group to increase its fleet size to 11 aircraft from its previous authorization of eight aircraft. read more

WSFS Study Finds 45% of Small Businesses Considering Equipment Purchases

According to a study from WSFS Bank examining Mid-Atlantic small business trends, nearly half of respondents (45%) are considering new loans to reinvest in their businesses by purchasing equipment. read more

PECO Pallet Opens New Service Depot in Mississauga, CA

PECO Pallet, one of North America’s largest providers of rental pallet services to the beverage, grocery and consumer products industries, opened a new PECO service depot in Mississauga, ON. read more

Biz2Credit Small Business Study Finds IT Companies Ahead in Most Measures

A new study published by Biz2Credit found that information technology (IT) firms had the highest average revenue ($955,793) and the best average credit score (658) and received the highest average amount of financing ($131,743) when they sought credit in 2021. read more

First Citizens Completes Conversion of CIT Bank Division Branches

First Citizens Bank’s CIT Bank division completed conversion of its branches to First Citizens’ operations and systems. This conversion integrates CIT Bank branch customer accounts into First Citizens’ products and services. read more

J.P. Morgan Plans to Expand in Greece

J.P. Morgan plans to open a new office in Athens, Greece, to support the organic growth of its businesses in the country. The office will also house a new payments innovation lab for which the firm will be hiring a payments research and development team locally. read more

LeasePoint Funding Named Fastest-Growing Company in the 2022 Aggie 100

LeasePoint Funding Group was recognized as the fastest-growing company in the 2022 Aggie 100, with a compound annual growth rate of 379.291%. read more

Solifi’s Latest ABL Software Release Enhances Portfolio Visibility and Risk Management

Solifi released the latest version of its asset-based lending software, which includes enhanced features designed to improve the lender and borrower experience through self-service functionality, more insights into portfolio risk and increased efficiencies through enhanced audit compliance. read more

Solifi ABL Passes $1B in Loans Outstanding on SaaS Platform

Solifi’s asset-based lending software-as-a-service solution on its open finance platform now supports more than $1 billion in loans outstanding for lenders globally. Additionally, user traffic on Solifi’s ABL borrower portal increased by four times in less than a year. read more

ACT Research to Host 68th OUTLOOK Seminar in February

ACT Research unveiled details about its 68th OUTLOOK seminar, Driving Decarbonization: The Future of Commercial Vehicles, which will be held from Feb. 21 to Feb. 23 in Columbus, IN. read more

Citizens Provides Debt Financing to Support Multifamily Development from Redbrick

Redbrick LMD secured a $142.5 million loan to finance the construction of The Douglass, a 750-unit residential building in the Bridge District of Washington, D.C. Citizens Bank arranged the debt financing for the project. read more

White Oak Supports Syco Entertainment with First Securitization of Non-Scripted TV Shows

White Oak Merchant Partners, a FINRA-registered broker-dealer affiliated with White Oak Global Advisors, worked with Syco Entertainment, the media production company of television personality, producer and record executive Simon Cowell, on a $125 million ABS transaction. read more

EquipmentShare Earns Top Construction Technology Firm Honor

Construction Executive named EquipmentShare, an equipment rental and technology company, a top construction technology firm in the business, intelligence, reporting and analytics sector. read more

October Chapter 11 Bankruptcy Filing Increase 2% Y/Y, Decrease 32% M/M

According to data provided by Epiq Bankruptcy, commercial Chapter 11 filings increased 2% year over year in October while decreasing 32% on a month-over-month basis. In addition, Subchapter V elections increased 28% year over year and decreased 16% month over month.   read more

Rinaldi Interviews Helman & Lubischer of Sandhills Global for Blog

Bob Rinaldi conducted a video interview with Mitch Helman and Scott Lubischer of Sandhills Global to add to his Leasing Avenues blog. read more

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