News
Bryant Park Capital Arranges $20MM NLS Equipment Finance Credit Facility
Bryant Park Capital arranged a $20 million senior secured credit facility with an alternative lender to the specialty finance sector for NLS Equipment Finance. read more
MAY 17, 2019 - 6:00 am
ELFA Invites Members to Submit Presentation Propsals for Annual Convention
The Equipment Leasing and Finance Association invites you to submit proposals for presentation at the 58th ELFA Annual Convention, October 27-29 in Washington, DC. The deadline for submission is Friday, June 28. read more
MAY 17, 2019 - 5:58 am
ACT: Demand Strength, Stagnating Freight Growth Continue for NA CV Industry
According to ACT Research’s latest State of the Industry: Classes 5-8 Report, April’s Class 8 metrics generally aligned with expectations, with the lone exception of cancellations, which continued to trend lower. read more
MAY 17, 2019 - 5:55 am
Wells Fargo Innovation Incubator Selects Five Sustainable Food Production Startups
The Wells Fargo Innovation Incubator, a technology incubator and platform funded by the Wells Fargo Foundation and co-administered by the National Renewable Energy Laboratory, selected five early-stage companies for the program’s first “agtech” cohort. read more
MAY 17, 2019 - 5:50 am
Huntington Rolls Out Fraud Protection, Unlimited Transactions for Small Business Owners
In direct response to consumer insights collected from more than two years of research, Huntington rolled out of a new business banking product suite across its footprint as part of its commitment to help businesses thrive. read more
MAY 17, 2019 - 5:45 am
LeaseAccelerator Named a 2019 Hot Vendor by HFS Research
LeaseAccelerator was named a 2019 Hot Vendor. HFS research analysts select the Hot Vendors based off of their offerings' distinctiveness, ecosystem robustness, client impact, financial position and their effectiveness in OneOffice Framework read more
MAY 17, 2019 - 5:40 am
Ritchie Bros. Sells $51MM+ of Equipment at Latest Fort Worth, TX Auction
Ritchie Bros. two-day auction attracted 5,900+ bidders from 56 countries and approximately 64% of the equipment was sold online. read more
MAY 17, 2019 - 5:35 am
Ryder Introduces RMobile Commercial Fleet Management App to Customers in Canada
Ryder System announced that RyderGyde, a free mobile application allowing users to quickly rent a commercial truck from Ryder Rental location, schedule maintenance and track fuel receipts is available to its customers in Canada. read more
MAY 17, 2019 - 5:30 am
AP Equipment Financing Posts Record Q1 Originations; Up 27% Y/Y
AP Equipment Financing set another financing volume record for the first quarter of 2019. AP closed Q1/19 funding $32.7 million of equipment to small and medium sized businesses across the U.S. This funded volume represents a 27.7% increase over Q1 of 2018. read more
MAY 16, 2019 - 5:55 am
CSI Promotes Foley and O’Brien to SVP
CSI Leasing promoted Brian Foley and Tim O’Brien to senior vice president of sales. read more
MAY 16, 2019 - 5:50 am
Equipment Leasing and Finance Industry Confidence Improves in May
The Equipment Leasing & Finance Foundation released the May 2019 Monthly Confidence Index for May. Overall, confidence in the equipment finance market improved in May to 59.2, up from the April index of 58.3. read more
MAY 16, 2019 - 5:45 am
ACT Research: Used Class 8 Volumes Fall 16% Y/Y
Preliminary used Class 8 volumes fell 5% month-over-month in April, according to ACT Research. Longer-term comparisons yielded a 13% decline compared to April 2018, as well as a year-to-date drop of 16%. read more
MAY 16, 2019 - 5:40 am
FASB Issues Targeted Transition Relief To Institutions Applying The Credit Losses Standard
The Financial Accounting Standards Board issued an Accounting Standards Update (ASU) that eases transition to the credit losses standard by providing the option to measure certain types of assets at fair value. read more
MAY 16, 2019 - 5:35 am
Reuters: OCC Will Reivew Wells Fargo CEO Pick
Reuters reported that the Office of the Comptroller of the Currency told Congress that it will will review the next pick for Wells Fargo’s chief executive. read more
MAY 16, 2019 - 5:30 am
Amur Equipment Finance Joins Top 5 in Monitor’s Top Private Independents Ranking
Amur Equipment Finance has been ranked fifth in Monitor’s 2018 rankings of the “Top Private Independent” equipment finance and leasing companies in the US, which represents a gain of nine spots since 2016. read more
MAY 16, 2019 - 5:25 am
Editor's Picks
The Secret is Out: Equipment Finance Goes Mainstream in the Secondary Market
March/April 2019
For the last half century, the equipment finance industry has continued to grow year over year. Starting at $29 billion in 1960, the industry has grown to over a trillion dollars in 2018. Industry veterans still remember a time when... read more
Tipping the Scales: A Little Something to Consider When Crossing State Lines
January/February 2019
Various common types of transactions in our industry result in equipment leasing and finance companies acquiring interests in transactions that are outside the primary states in which they are located. Some examples include the very active market pursuant to which... read more
Recent Opinion
Another Reason Why Leasing Makes Sense
April 2019
Tom Toton from Corcentric explores some of the many reasons why leasing conforms to the matching principles of accounting and business better than other asset management approaches.
Lenders Beware: Acceleration May Defeat Right to Prepayment Premium
January 2019
Moritt Hock & Hamroff counsel Theresa Driscoll takes a look at the recent Second Circuit Momentive decision and uses it to examine the importance of clarity in drafting loan documents and understanding what loan documents say, especially when a lender needs to enforce its rights.
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