Of Interest

SBA Provides $28B Through Traditional Programs, PPP Delivers $525MM

The U.S. Small Business Administration provided fiscal year 2020 summary loan data, reporting that loans guaranteed through traditional SBA lending programs exceeded $28 billion while the Paycheck Protection Program provided an additional $525 million. read more

White Clarke Group Launches Customer Direct Finance Application Portal

White Clarke Group launched a new version of the CALMS Customer Direct module, which was developed to support finance companies in the process of digitalizing their online finance services. read more

DOZR Unveils E-Commerce Online Equipment Rental Software

DOZR launched WebStores, an e-commerce solution for heavy equipment rentals. According to DOZR, this is the first e-commerce and digital solution to ever hit the equipment rental industry. read more

Global AirParts Commences Part Out Project With LCI

Global AirParts, a provider of used and serviceable materials for Sikorsky S-76 helicopters, commenced a part out project with helicopter lessor LCI. read more

Ritchie Bros. Logs More Than $83MM in Sales at Latest Edmonton Auction

Ritchie Bros. sold more than 9,200 items for more than C$110 million ($83 million) at its most recent online auction in Edmonton, AB, which was held Oct. 28-31. read more

LeaseAccelerator Enhances Lease Lifecycle Platform

LeaseAccelerator revealed several enhancements to its integrated Lease Lifecycle Automation platform. The latest add-ons provide users with new levels of technical and account support and testing and connectivity capabilities. read more

Tiger Will Auction Inventory and Equipment for Wholesaler of Promotional Products

Tiger Group will conduct an online auction on Nov. 12 of textile embellishment and warehouse equipment, blank inventories of apparel and hardgoods, and intellectual property of a wholesale supplier of custom-designed promotional products that is now winding down operations. read more

Ryder Launches $50MM Corporate Venture Capital Fund

Ryder launched RyderVentures, a new corporate venture capital fund to invest in and partner with startup companies that are developing new technologies and business models that deliver advancements and automation in the logistics and transportation industries. read more

IDC Predicts What’s Next for Enterprises and IT Industry in Response to COVID-19 Disruption

According to IDC’s predictions for 2021 and beyond, the global economy remains on its way to its "digital destiny" and, with this shift, 65% of global GDP will be digitalized by 2022, driving $6.8 trillion of IT spending from 2020 to 2023. read more

Tamarack Relocates Headquarters to Midway Neighborhood in St. Paul, MN

Tamarack Consulting, a provider of independent software solutions in the equipment finance and commercial lending industry, relocated its headquarters from the Minneapolis Warehouse district to the Vandalia Tower complex in the Midway neighborhood in St. Paul, MN. read more

Fleet Advantage: COVID-19 Forces Less Utilization, Trucking Fleet Downsizes

According to an industry survey from Fleet Advantage, roughly four of every 10 fleets were operating at 80% of normal utilization due to the COVID-19 pandemic. As a result, 27% of organizations said they were forced to downsize their fleets. read more

Restaurant Franchisees Shift Focus to Off-Premise Sales, New Payment Options

Off-premise sales and non-traditional payment options have become a key focus for restaurant franchisees in light of the COVID-19 pandemic, according to the 2020 Restaurant Franchise Pulse survey from TD Bank. read more

NETSOL Goes Live with NFS Ascent Retail Platform in China for Auto Captive

NETSOL Technologies implemented and went live with its NFS Ascent Retail Platform for a tier-one German auto captive finance company in China. This deployment is the second phase of a previously announced $30 million contract. read more

Ritchie Bros. Tops Auction Record in British Columbia by 39%

Ritchie Bros. sold more than 1,600 equipment items and trucks for more than C$34 million ($26 million) in its two-day, online-only auction in Chilliwack, British Columbia, surpassing the previous site record by 39%. read more

Fleet Advantage COO/CTO Griffin to Present at IFDA Distribution Solutions Conference

James Griffin, CTP, chief operating officer and chief technology officer of Fleet Advantage, will present at this year’s digital IFDA Distribution Solutions Conference. Griffin’s session is scheduled for Wednesday, Oct. 28, at 1:30 p.m. EDT. read more

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