News

TIAA Acquires $1.5B GE Capital Healthcare Equipment Financing Portfolio

TIAA Bank announced the acquisition of a $1.5 billion portfolio of healthcare equipment leases and loans from GE Capital’s Healthcare Equipment Finance business. read more

PayNet: Mini Wake-Up Call for U.S. Small Business Lending at Q3 End

While small business lending remains healthy, subtle signs point to increasing credit risk, according to the latest Quarterly Credit Outlook from PayNet. read more

CIT Reveals New Brand Identity; Direct Capital Brand to be Retired

CIT Group revealed a simplified and refreshed brand identity aimed at presenting a more cohesive market presence following a multi-year transformation of the company. Direct Capital will become CIT. read more

DLL Wins Vendor Finance Leasing Life 2018 Award

The winners of the 2018 Leasing Life Awards were announced. DLL won the Vendor Finance provider award and Societe Generale’s John Rees won the Industry Ambassador award. read more

OnDeck Appoints Capital One & BBVA Vets to Board of Directors

New board members, Chandra Dhandapani and Manolo Sánchez will bring decades of banking, lending and financial technology expertise in large scale organizations to OnDeck. read more

PNC Bank Provides Refinancing for Two Oilfield Services Providers

PNC Bank closed an $84 million senior secured facility for Innovex Downhole Solutions where it also served as administrative agent. read more

LaSalle Solutions Wins Four Awards at Cisco Partner Summit 2018

LaSalle Solutions won a Cisco Partner Summit Global Award as well as three regional Theatre awards read more

Biz2Credit Ranked in Deloitte’s 2018 Technology Fast 500

Biz2Credit ranked No. 335 on Deloitte’s Technology Fast 500. The company attributes its 242% revenue growth to smart lending automation and global software sales. read more

CDB Aviation Takes Delivery of 100th A320 Family Aircraft from Airbus

The A320neo on lease to GoAir is the 125th Airbus aircraft to join CDB Aviation’s fleet. read more

Reuben Wins CLFP Foundation 2018 Cindy Spurdle Award of Excellence

The Certified Lease & Finance Professional (CLFP) Foundation presented the 2018 Cindy Spurdle Award of Excellence to Deb Reuben, CLFP. read more

ELFF: Industry Confidence Drops to Lowest Level Since Nov 2016

Confidence in the equipment finance market eased further in November to 58.5, a decrease from the October index of 63.2, according to the Equipment Leasing & Finance Foundation November MCI-EFI. read more

GATX to Acquire Up to 3,100 Railcars from ECN

GATX entered into an agreement to acquire a fleet of up to 3,100 railcars from ECN Capital. The purchase price is up to $229 million. read more

Phoenix American Appoints McInerney as Managing Director of PAFS Ireland

Phoenix American Financial Services and PAFS Ireland Limited promoted John McInerney to managing director of PAFS Ireland Limited. read more

Marquette Provides $25MM+ to Three New Clients

Marquette Business Credit recently funded three new clients with new commitments totaling more than $25 million. read more

ENGS CFO Vande Moore Elected to ELFA Small-Ticket Steering Committee

ENGS Commercial Finance announced that CFO John Vande Moore has been elected to serve a two-year term on the Equipment Leasing and Finance Association’s Small Ticket Business Council Steering Committee. read more

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Terry Mulreany
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