According to a new International Data Corporation forecast, worldwide revenue for enterprise applications will reach $483.1 billion in 2027 with a five-year compound annual growth rate (CAGR) of 9.6%. read more

AUG 2, 2023 - 6:54 am

Bank of Marin Bancorp and its wholly-owned subsidiary, Bank of Marin, appointed David Bloom head of commercial banking and Nikki Sloan head of growth and strategy, a newly created role at the bank. read more

AUG 2, 2023 - 6:53 am

A new survey from Stifel Financial and Eaton Partners indicates a majority of institutional investors have no plans to change their private equity allocations over the next 12 months despite perceived headwinds, including tightening credit and a possible economic recession. read more

AUG 2, 2023 - 6:51 am

LTi Technology Solutions achieved Veracode Verified standard status. The Veracode Verified program provides third-party validation of a company's secure software development processes from Veracode, a provider of software security solutions. read more

AUG 1, 2023 - 6:53 am

In a letter to the U.S. House Financial Services Committee, the Equipment Leasing and Finance Association called for Section 1071 of the Dodd-Frank Act to be overturned. read more

AUG 1, 2023 - 6:51 am

First Citizens Bank’s healthcare finance business provided a $50.3 million loan to a joint venture led by Rethink Healthcare Real Estate to refinance the Medical Pavilion at White Oak, an on-campus medical office building in Silver Spring, MD. read more

AUG 1, 2023 - 6:50 am

Mitsubishi HC Capital America reported that it is experiencing record growth with its assignment financing programs, which allow OEMs, manufacturers, resellers and vendors to receive upfront cash payments for their customer’s as-a-service (aaS) contracts. read more

AUG 1, 2023 - 6:48 am

Heritage Bank of Commerce appointed Susan Just executive vice president and chief credit officer, effective Sept. 7. She will replace Margo Butsch, who recently announced her retirement. Just was most recently the chief credit officer of Santa Cruz County Bank. read more

AUG 1, 2023 - 6:47 am

eCapital received a $110 million increase to the syndicated bank facility supporting its asset-based lending group. With its latest increase, eCapital’s total bank facility commitments now exceed $1.4 billion. Wells Fargo acted as administrative agent for the syndicated facility. read more

AUG 1, 2023 - 6:43 am

Peapack-Gladstone Financial and Peapack-Gladstone Bank appointed Brian J. Scherman senior vice president and director of residential and consumer lending. With more than 30 years of experience, Scherman most recently served as senior director at First Republic Bank. read more

AUG 1, 2023 - 6:41 am

Julian Salisbury will become a partner of the global investment firm Sixth Street and serve as co-chief investment officer alongside CEO Alan Waxman and Co-President Joshua Easterly. Salisbury is expected to start in early 2024. read more

AUG 1, 2023 - 6:35 am

Versant Funding funded a $4.8 million non-recourse factoring transaction for a commercial bakery that serves major grocery chains. read more

AUG 1, 2023 - 6:34 am

The increasing reliance on technology by equipment finance companies makes investment in software solutions a critical consideration. To assist in the decision-making process, the Equipment Leasing and Finance Association released its 2023 Software Guide. read more

JUL 31, 2023 - 6:49 am

MMP Capital signed on as a sponsor for SUSA FC Academy, a Long Island, NY-based soccer academy with more than 1,600 players, affiliate clubs and additional youth development programs. read more

JUL 31, 2023 - 6:48 am

Kroll Bond Rating Agency released a research report analyzing non-performing loan transactions since the global financial crisis. KBRA said that while commercial real estate non-performing loans are unlikely this year, it is possible that some could be explored for issuance next year. read more

JUL 31, 2023 - 6:47 am