Of Interest

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

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

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Terry Mulreany
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