First Citizens Bank’s cannabis banking business provided a $1 million working capital line of credit to MC Nutraceuticals, a global supplier of hemp-derived cannabinoids. read more

MAR 6, 2024 - 6:27 am

First Foundation Bank shut down its equipment finance department late last week, according to sources familiar with the matter. According to data provided for the 2023 Monitor 100, the department was made up of 15 employees. read more

MAR 5, 2024 - 6:28 am

GreatAmerica Financial Services appointed Jennie Fisher and Brian Bjella group presidents to lead its team of more than 750 professionals, with Fisher now serving as group president of office equipment and Bjella serving as group president of specialty markets. read more

MAR 5, 2024 - 6:28 am

Commercial Chapter 11 bankruptcy filings climbed 118% year over year in February 2024, with the 822 filings during the month comparing to the 377 filings in February 2023, according to Epiq Bankruptcy. The sizable increase in commercial Chapter 11 filings in February was spurred by a large number of related filings in two large commercial Chapter 11 proceedings. read more

MAR 5, 2024 - 6:28 am

Honour Capital is partnering with Consult Disrupt, a consulting organization formed to support equipment finance organizations with their day-to-day operations and technology-related projects, to assist the company in its journey toward operational and technology transformation. read more

MAR 5, 2024 - 6:28 am

Jupiter Equipment Finance hired Conor McGowan for the newly-created position of director of corporate recruiting. McGowan has experience in high-volume, full-cycle recruiting and success in equipment finance sales and account management.  read more

MAR 5, 2024 - 6:28 am

United Rentals entered into a definitive agreement to acquire Yak Access, Yak Mat and New South Access & Environmental Solutions from Platinum Equity for approximately $1.1 billion in cash. The transaction is expected to close in Q1/24, subject to limited contractual conditions. read more

MAR 5, 2024 - 6:27 am

Law firm Seward & Kissel named Kevin Neubauer co-head of the firm’s investment management group. Neubauer, who was elevated to partner at Seward & Kissel in 2020, originally joined the firm in 2009. read more

MAR 5, 2024 - 6:27 am

According to preliminary data from ACT Research, North American Class 8 truck net orders reached 27,700 units in February, up 600 units from January and 16% from February of 2023. read more

MAR 5, 2024 - 6:26 am

Ares Management launched Ansley Park Capital, a newly-formed lending and specialty finance company that will deliver financing solutions for essential-use, large-ticket equipment. Ansley Park Capital’s management team and integrated operating platform were added from BciCapital. read more

MAR 4, 2024 - 7:04 am

According to Solifi's 2024 Global Leasing Report, global growth in the leasing industry is forecast to decrease to 2.9% in 2024, which is below the historical average of 3.8%. read more

MAR 4, 2024 - 7:03 am

Navitas Credit, an equipment financing company and a wholly-owned subsidiary of United Community Bank, appointed Rob Hill senior vice president of finance, succeeding John Paris, who retired from the company. read more

MAR 4, 2024 - 7:03 am

According to a new survey of more than 734 secured finance executives from Secured Research and Data Solutions, a Monitor/ABF Journal joint venture, less than 20% of equipment finance leaders and less than 25% of asset-based lending leaders see their firms leveraging emerging technologies. read more

MAR 4, 2024 - 7:02 am

Fleet Advantage is collaborating with FleetNet America to facilitate fleet maintenance service offerings to organizations with transportation fleets that seek the benefits of an unbundled lease structure with access to a maintenance provider with a national network. read more

MAR 4, 2024 - 6:48 am

Eastern Funding, a financial lender to laundromats and other businesses, hired Cameron Clark as a loan officer. Clark has more than 18 years of experience and previously managed a family-owned distributorship of commercial laundry equipment. read more

MAR 4, 2024 - 6:48 am