Of Interest

Inovatec to Exhibit at AFSA Conference in Las Vegas

Inovatec Systems, a provider of cloud-based loan origination, management and servicing solutions, will participate at the American Financial Services Association’s 2022 Vehicle Finance Conference and Expo in Las Vegas. read more

Tiger Group and GA Global Partners to Sell Assets for Dalton Crane

Tiger Group and GA Global Partners are conducting a court-ordered sale of the entire operations and assets of fully-staffed Dalton Crane, allowing heavy equipment rental companies to bid on the assets of the business, which serves customers in Texas and across the Southwest. read more

Ritchie Bros. Sells More Than $213MM of Equipment at Recent Auction in Orlando, FL

Ritchie Bros. sold more than 11,200 items for $213 million during its recent six-day equipment auction in Orlando, FL. read more

Dedicated Financial GBC Launches New Website

Reflecting its recent rebrand, Dedicated Financial GBC launched a new website. read more

Trinity Capital Provides $25MM in Growth Capital to Cepton

Trinity Capital, a specialty lending company that provides debt, including loans and equipment financing, provided a $25 million growth capital facility to Cepton Technologies, a provider of lidar-based solutions for automotive, smart cities, smart spaces and smart industrial applications. read more

New Orders for Durable Goods Increase 1.6% in January

According to the U.S. Census Bureau’s January durable goods report, new orders for manufactured durable goods in January increased $4.3 billion, or 1.6%, to $277.5 billion. read more

Cross River and Sunstone Credit Partner to Provider Solar Financing to Small Businesses

Cross River Bank, an infrastructure provider that offers embedded financial solutions, and Sunstone Credit, a solar loan finance platform for small and medium-sized businesses, formed a partnership to further Sunstone Credit’s mission of democratizing access to solar energy for businesses. read more

CIT Provides $51MM for Acquisition of Arizona Apartment Complex

CIT’s real estate finance business provided $51 million in financing for the acquisition of the Oceana Apartments in Avondale, AZ, by 29th Street Capital. read more

deBanked TV Debuts Equipment Finance Reality Show

“Equipping The Dream,” a web-based reality show series debuted on deBanked TV last week. The show follows four aspiring equipment finance brokers as they attend a week-long training at the headquarters of Everlasting Capital in Rochester, NH. read more

Rinaldi Interviews Tamarack’s Nelson About AI and Machine Learning

Bob Rinaldi, president of Rinaldi Advisory Services, conducted an interview with Scott Nelson, Ph.D., president and chief digital officer of Tamarack Technology, about how artificial intelligence and machine learning can impact independent lessors in Rinaldi’s video interview blog, Leasing Avenues. read more

Ryder Expands Vehicle Sharing Platform to All 50 States

Ryder is expanding COOP by Ryder, its truck and trailer sharing platform, launching the service in all 50 states in the United States. This expansion follows the program’s initial rollout in nine states. read more

Non-Bank Lenders Forecast Demand Increase and Economic Downturn in 2022

According to Cerebro Capital, 52% of non-bank lenders expect increased commercial and industrial loan demand that began in Q4/21 to continue due to a predicted deterioration of the economy over the next six to 12 months. read more

IDC Forecasts AI Spending to Increase by 19.6% in 2022

Worldwide revenues for the artificial intelligence market, including software, hardware and services, is forecast to grow 19.6% year over year in 2022 to $432.8 billion, according to International Data Corporation. read more

Ritchie Bros. Partners with Thoughtworks to Accelerate Digital Transformation

Ritchie Bros. signed a multi-year agreement with Thoughtworks, a global technology consultancy, to accelerate its modernization and digitization journey. read more

CIT Provides $80.7MM to IRA Capital for Surgical Center Acquisitions

CIT’s healthcare finance business served as sole lead arranger on two financings totaling $80.7 million for the acquisition of surgical centers in Naples, FL, and Alexandria, LA, by IRA Capital. read more

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