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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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