News

EZLease Launches Free, Full-Function Lease Accounting Solution

EZLease, a lease accounting software company, completed its free, full-function offering for private and government organizations managing small lease portfolios. read more

ELFF Forecasts 5.9% Growth in 2022 Equipment and Software Investment

The 22 Equipment Leasing & Finance U.S. Economic Outlook, released by the Equipment Leasing & Finance Foundation, forecasted equipment and software investment growth of 5.9% in 2022, while annualized GDP growth is expected to slow to 1.6% this year. read more

Encina Lender Finance Expands Executive Leadership Team with New Hires, Graham Steps Down

Encina Lender Finance expanded its executive leadership team to bolster the company’s position as a nonbank lender finance platform serving both commercial and consumer specialty finance companies in the U.S. and Canada. Luke Graham, CEO, has left the company. read more

DLL Partners with Equipment Depot to Provide Flexible Equipment Leasing Solutions

Equipment Depot launched a new EQFINANCE division. Offered through a partnership with DLL, EQFINANCE provides leasing and purchasing solutions that enable businesses to secure the equipment they need to operate effectively. read more

Great American Insurance Group and Econolease Implement API Technology

Great American Insurance Group and Econolease Financial Services embedded their insurance program using APIs, giving real-time access to coverage when needed. read more

KKR Closes $2.1B Asset-Based Finance Fund

KKR, a global investment firm, closed KKR Asset-Based Finance Partners (ABFP), KKR’s first fund of approximately $2.1 billion dedicated to asset-based finance investments. read more

Daimler Truck Financial Services Partners with Zoot Enterprises

Daimler Truck Financial Services USA partnered with Zoot Enterprises, which provides the technology necessary to offer data-driven, innovative solutions like dynamic leasing and specialized financing for the commercial vehicle industry. read more

DLL Provides $23.5MM Funding Line to Circular Plastics Australia

DLL has provided Circular Plastics Australia (PE) a $23.5 million funding line to purchase sorting, washing and extruding (melting and forming) equipment for its mixed plastics recycling plant in Laverton, Australia. read more

EEFI Finance Opens New Headquarters and Website, REQ

EFFI Finance opened its headquarters to an industrial office building located in the financial district of Irvine, CA. EFFI has also unveiled a new website designed by digital marketing agency REQ. read more

Channel Closes $163MM Equipment Finance Securitization

Channel completed its first equipment finance securitization, a $163 million issuance of asset-backed notes collateralized by a diverse portfolio of equipment receivables. read more

Onset Financial Funds $235MM in Q3

Onset Financial funded Q3 with $235 million in year-to-date fundings, putting the company on track to exceed its annual funding goals again, despite months of strenuous market conditions. read more

CIT Maritime Finance Provides $80MM to Refinance Two Container Ships for Seamax

CIT’s Maritime Finance business provided $80 million to refinance two Korean-built container ships operated by Seamax. read more

Horizon Technology Finance and Trinity Capital Provide Additional $20MM Venture Loan to Nexii

Horizon Technology Finance and Trinity Capital provided an additional $20 million venture loan to Nexii Building Solutions, a green construction company that designs and manufactures low carbon buildings and products. read more

ELFA to Hold Webinar on New Disclosure Requirements in California and New York

The Equipment Leasing and Finance Association will host a second webinar designed to help the equipment finance industry prepare for financial disclosure regulations scheduled to take effect in California and New York that will take place on July 28, 1-3 p.m. EST. read more

Utica Equipment Finance Completes $8.13MM Transactions in June

Utica Equipment Finance completed five transactions totaling $8.13 million in the month of June. read more

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Terry Mulreany
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