Of Interest

Alternative Lenders Expect Surge in Loan Demand as Borrowers Seek Flexible Structures

According to a survey from Cerebro Capital, 76% of non-bank lenders expect loan demand to surge over the coming months as borrowers leave commercial banks in search of relaxed covenants and flexible loan structures. read more

Ritchie Bros. Sets Date, Begins Accepting Consignments for 2021 Auction in Orlando, FL

Ritchie Bros. is accepting consignments for its six-day Orlando, FL, auction, which will be held from Feb. 15-20, 2021. read more

Adaptec Solutions Completes Acquisition of Integrated Solutions

Adaptec Solutions acquired Memphis, TN-based Integrated Solutions, a supplier of custom engineered to order material handling equipment with experience in complex conveyor solutions. read more

Ritchie Bros. Reports 39% Y/Y Increase in Registrations at Online Auction in Houston

During its Nov. 10-11 online auction in Houston, Ritchie Bros. experienced a 39% year-over-year increase in bidder registrations while selling more than $53 million in used equipment. read more

CDB Issues $500MM of Senior Unsecured Notes Under $3B Medium Term Note Program

CDB Aviation, a wholly-owned Irish subsidiary of China Development Bank Financial Leasing, issued $500 million of senior unsecured notes in a Regulation S (Category 2) bond offering. read more

ELFA Panel Examines Hype vs. Reality of AI, Blockchain, IoT and Biometric ID

In a panel at ELFA 2020 Business LIVE!, panelists addressed the acceleration of technological change in the equipment finance industry and explored where equipment finance companies should invest their time, energy and dollars. read more

Ritchie Bros. Reports $10MM in Sales for Forklifts in Q3/20

In its November market trends report, Ritchie Bros. reported that over the past three years, the company has sold more than 15,000 forklifts in the U.S. for $99 million, including more than 1,500 sold for $10 million in Q3/20 alone. read more

CF Software Solutions Releases Software Program for Lenders and Lessors

CF Software Solutions released CFLend, its first commercial desktop software program for lenders and lessors. CFLend is available for download from the Microsoft Store and is free to users for the first year. read more

Monitor to Reschedule Racial Equity in EF: Addressing Barriers to Representation & Inclusion

Monitor will reschedule the livestream, “Racial Equity in EF: Addressing Barriers to Representation & Inclusion” that was scheduled for Thursday, Nov. 12 to ensure that the event achieves maximum impact. read more

October U.S. Bankruptcy Filings Down 41% Overall, Chapter 11 Filings Up 4%

Total U.S. bankruptcy filings in October decreased 41% from last year, according to data provided by Epiq Systems. Commercial Chapter 11 filings increased slightly, with the 550 filings in October 2020 up 4% over the 530 recorded in October 2019. read more

Flushing Bank Maintains Investment Grade Rating from KBRA

Kroll Bond Rating Agency reaffirmed an investment grade rating for Flushing Financial and Flushing Bank. Flushing Financial and Flushing Bank received ratings of BBB/K3 and BBB+/K2, respectively. read more

Volvo Trucks to Launch Range of Electric Trucks in Europe Starting in 2021

Volvo Trucks will offer a complete heavy-duty range with electric drivelines starting in Europe in 2021. In North America, sales of the Volvo VNR Electric, a truck for regional transport, will start on Dec. 3, 2020. read more

Moritt Hock & Hamroff Ranked in 2021 U.S. News/Best Lawyers List

U.S. News & World Report and Best Lawyers ranked Moritt Hock & Hamroff nationally in one practice area and regionally in another in the 11th annual U.S. News-Best Lawyers "Best Law Firms" list. read more

FASB Names Rotherham to Small Business Advisory Committee

The Financial Accounting Standards Board appointed James Rotherham to its small business advisory committee. Rotherham is an audit partner with Baker Tilly in San Diego. read more

PayNet: Small Businesses Resilient Amid Heightened Uncertainty

In September, the PayNet Small Business Lending Index increased 12 points (9.1%) to 143.9 and is now 2.9% above its year-ago level. On Main Street, the NFIB Uncertainty Index increased to its second-highest reading in the series’ 46-year history. read more

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