Post Road Equipment Finance Provides $20MM Lease Line to Global Packaging Manufacturer

Post Road Equipment Finance (formerly known as Encina Equipment Finance) provided a $20 million lease line to a global packaging manufacturer to finance new and existing manufacturing equipment. read more

Encina Lender Finance Expands with Several Leadership Additions

Encina Lender Finance expanded its senior leadership team with the addition of Jeff Carbery as managing director, Ryan Connorton as managing director and Latonya Whitfield Stroup as director. In addition, Harrison Hodges and Lee Schuessler joined the company as associates. read more

CHG-MERIDIAN Increased Lease Originations 29.3% in 2022

CHG-MERIDIAN achieved a year-over-year improvement in lease originations of 29.3% to a company-record figure of €2.23 billion ($2.45 billion) in 2022 compared with a figure of €1.73 billion ($1.9 billion) in 2021. read more

Volvo Financial Services Launches iLabX 2.0 to Focus on Equipment-as-a-Service Customers

Volvo Financial Services launched iLabX 2.0, an evolution of its innovation accelerator program that provides startups the opportunity to develop and implement fintech innovations with VFS for equipment-as-a-service customers. read more

DLL to Provide Lease Financing Support for Volta Trucks’ Truck-as-a-Service Offering

DLL entered a partnership with Volta Trucks, an all-electric commercial vehicle manufacturer and services provider, to support Volta in offering financing solutions for its all-electric Volta Zero trucks through the company’s truck-as-a-service offering. read more

First Citizens Bank Renews $14MM Credit Facility for Flux Power

Flux Power, a developer of lithium-ion energy storage solutions for the electrification of commercial and industrial equipment, renewed the available credit under its existing $14 million facility with First Citizens Bank. read more

Ritchie Bros. Company IAA Expands North American Footprint

IAA, a Ritchie Bros. company, made real estate investments in New York, Indiana, Connecticut and Delaware, opening branches in Staten Island, NY, and Fort Wayne, IN, and buying out the leases at two existing branches in Connecticut and Delaware. read more

First Citizens Bank Provides $16MM in Financing to FitLife Brands

First Citizens Bank’s middle-market banking business provided $16 million in financing to FitLife Brands, a provider of nutritional supplements headquartered in Omaha, NE. read more

eCapital Healthcare Delivers Funding to 9 Healthcare Providers in Q1/23

eCapital Healthcare delivered funding to nine businesses in the healthcare industry during Q1/23. The transactions, ranging from $1 million to $15 million in size, included eight working capital loans and one senior housing real estate bridge loan. read more

ACT Research’s Pricing Index Hits Lowest Point Since April 2020

According to the latest release of ACT Research’s For-Hire Trucking Index, freight volumes improved but remained weak in March and rates declined further. The Pricing Index fell 5.4 points to 36.5 in March, marking the second lowest reading in the index’s history, with only April of 2020 being lower. read more

Monitor Announces Converge Award Nominees

Lisa Rafter, publisher of Monitor, announced the nominees for Monitor‘s Converge Awards on Wednesday. The winner of each award will be revealed at Monitor’s 50th Anniversary Converge Gala in Philadelphia on June 15. read more

ELFF Continues to Project Recession for 2023

The Equipment Leasing & Finance Foundation released the Q2/23 Equipment Leasing & Finance Industry Snapshot, an information resource for industry participants. The foundation projected the U.S. economy will enter a recession this year and grow by just 0.7%. read more

SLR Equipment Finance Names Friel Director of Documentation

SLR Equipment Finance named Jenifer Friel director of documentation. Friel was most recently with DLL and has experience managing the documentation process from final credit approval to the ultimate funding of contracts with customers. read more

DLL Partners with Miebach Consulting to Fund Supply Chain Improvements

DLL entered a partnership with Miebach Consulting to provide funding support to companies investing in real estate, new equipment, technology and the digitalization of data and processes to improve supply chain resiliency. read more

Aircraft Lessor Avolon Reports Y/Y Decrease in Lease Revenue for Q1/23

Aircraft lessor Avolon reported that it delivered lease revenue of $599 million in Q1/23, down from $658 million in Q1/22. The company also reported $56 million in adjusted net income during the quarter, down from $80 million in Q1/22. read more

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