News

Wells Fargo Advisors Hires Simmons as New Head of National Sales

Wells Fargo hired Barry Simmons as the new head of national sales for Wells Fargo Advisors. In this role, Simmons will lead Wells Fargo Advisors’ sales and business development team in the United States. read more

Momnt and ROOFLE Launch Embedded Financing Solution for Roofing Industry

Momnt, a financial technology company specializing in real-time lending and payment solutions for businesses, entered a partnership with ROOFLE to launch Contractor Loan PRO, a financing solution that will enable roofing contractors to provide their customers with direct payment options. read more

APPROVE Receives $3MM in Series A Funding, Plans to Triple Workforce

APPROVE will bring as many as 50 new technology jobs to Wilmington, NC, in the coming months after completing a $3 million Series A funding round with support from Cofounders Capital, Live Oak Ventures and VentureSouth. read more

Wingspire Equipment Finance Appoints Vasilakos Senior Managing Director of Indirect Group

Wingspire Equipment Finance appointed Tom Vasilakos senior managing director of its indirect group. Vasilakos has more than 35 years of experience in the equipment finance industry, with knowledge across technology, healthcare, industrial and capital markets. read more

Vedder Price Advises Maritime Partners on $235.3MM Securitization

Vedder Price represented Maritime Partners as sponsor in MP 2023-1, a term securitization transaction involving the issuance of $235.3 million of secured vessel notes secured by a portfolio of 316 inland marine barges and towboats. read more

Société Générale Equipment Finance Chooses Odessa’s Platform to Streamline Operations

Société Générale Equipment Finance selected Odessa’s platform, which is delivered through Odessa’s full-service cloud solution, to streamline operations and support continued global growth. read more

Trustmark Adds Stirnkorb as Equipment Finance Senior Operations Coordinator

Rebecca Stirnkorb joined Trustmark as vice president and equipment finance senior operations coordinator. read more

Monarch Tractor and CNH Industrial Capital Enter Financial Services Agreement

Monarch Tractor, the maker of the MK-V, a fully electric, driver-optional, connected tractor, entered into a new financial services agreement with CNH Industrial Capital America, the captive finance company of CNH Industrial America. read more

BankUnited Adds Evans as Healthcare Practice Leader for Corporate Banking Division

BankUnited hired Craig Evans as senior vice president and enterprise practice leader for healthcare in its corporate banking division. With more than 25 years of experience, Evans joined BankUnited from Citibank in New York City, where he served as a senior healthcare banker. read more

European Auto ABS Market Accelerating Toward Green Energy

According to a report from Kroll Bond Rating Agency UK, there has been an increase in the amount of hybrid and battery electric vehicles included within securitization collateral pools in the European auto market. read more

Arvest Equipment Finance Promotes Uballez to Director of Operations

Arvest Bank promoted Sarah Uballez to director of operations for Arvest Equipment Finance. Uballez previously served as product senior analyst and has more than 15 years of experience in the equipment finance industry. read more

NFS Leasing Extends Financial Support for Velico Medical

NFS Leasing extended its financing support to Velico Medical, a clinical-stage medical and scientific technology company that is working to reduce the number of preventable deaths caused by bleeding. read more

ELFA Releases Agenda for Emergence2023 Leadership Development Program

The Equipment Leasing and Finance Association released the detailed agenda for Emergence2023, which will be held July 13 to July 14 at the Hilton Baltimore Inner Harbor in Baltimore. read more

Mitsubishi HC Capital Canada Provides Floorplan Facility to Transportation Company

Mitsubishi HC Capital Canada, a subsidiary of Mitsubishi HC Capital America, designed a C$15 million ($10.99 million) floorplan financing solution for a transportation solutions provider to expand its physical presence across Canada and maximize its working capital. read more

Inovatec to Exhibit Cloud-Based Lending Solutions at NAF’s Non-Prime Auto Financing Conference

Inovatec Systems, a provider of cloud-based software, will exhibit its loan management platform at the 27th annual National Automotive Finance Association (NAF) Non-Prime Auto Financing Conference. read more

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