According to the Institute for Supply Management, economic activity in the services sector grew in February for the 21st month in a row despite what Anthony Nieves, chair of the ISM’s services business survey committee, called a “pullback” in some indexes. read more

MAR 4, 2022 - 6:26 am

CIT’s real estate finance business served as sole lead arranger on a $39.6 million loan to an affiliate of Clarion Partners to finance the acquisition and development of Southside Logistics Center, an industrial facility in Baltimore. read more

MAR 4, 2022 - 6:24 am

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

MAR 3, 2022 - 6:09 am

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

MAR 3, 2022 - 6:07 am

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

MAR 2, 2022 - 6:17 am

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

MAR 1, 2022 - 6:33 am

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

MAR 1, 2022 - 6:32 am

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

FEB 28, 2022 - 6:37 am

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

FEB 25, 2022 - 6:16 am

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

FEB 25, 2022 - 6:14 am

“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

FEB 24, 2022 - 6:11 am

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

FEB 23, 2022 - 5:53 am

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

FEB 23, 2022 - 5:48 am

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

FEB 18, 2022 - 6:51 am

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

FEB 18, 2022 - 6:46 am