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

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

FEB 18, 2022 - 6:44 am

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

FEB 17, 2022 - 6:31 am

CIT Northbridge Credit, as advised by CIT Asset Management, served as sole lead arranger on a $20 million senior lending facility for Davey Coach Holdings, a portfolio company of Progress Equity Partners and a provider of new and used shuttle bus and rental services. read more

FEB 15, 2022 - 6:13 am

CIT’s real estate finance division provided financing for the acquisition of the Morada Plano Apartments in Plano, TX. The borrower for the financing is The Jacobson Company, a Los Angeles-based private real estate company. read more

FEB 11, 2022 - 6:07 am

Air Transport Services Group executed agreements with DHL Network Operations under which ATSG’s Cargo Aircraft Management and ABX Air subsidiaries will continue to lease aircraft to DHL and operate those aircraft within DHL’s global network. read more

FEB 10, 2022 - 6:28 am

Pitney Bowes Bank signed a term loan and accompanying revolving line of credit with Zion Delivery Service, a provider of last mile delivery support for national and regional carriers in Southern California. read more

FEB 10, 2022 - 6:23 am

Small business loan approval percentages at big banks (more than $10 billion in assets) increased from 14.3% in December to 14.5% in January and approval rates at small banks (under $10 billion in assets) rose from 20.1% in December to 20.3% in January, according to Biz2Credit. read more

FEB 9, 2022 - 6:23 am