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

GreatAmerica Financial Services began accepting applications from nonprofits for its employee advised fund on March 1. The deadline to complete an application is March 29 at 4:30 p.m. CST. Another funding cycle will be available in the latter half of the year. read more

MAR 4, 2024 - 6:46 am

Economic activity in the manufacturing sector contracted in February for the 16th consecutive month following one month of “unchanged” status and 28 months of growth prior to that, according to the latest Manufacturing ISM Report on Business from the Institute for Supply Management. read more

MAR 4, 2024 - 6:46 am

Wingspire Capital and Piney Lake Capital Management provided a unitranche senior credit facility to Acousti Engineering Company, a non-residential constructor subcontractor based in Florida that operates across the Southeast. read more

MAR 4, 2024 - 6:44 am

Equipment finance company NFS Leasing achieved 8% year-over-year growth in originations in 2023. The growth was driven, in part, by a 250% increase in vendor new business volume and a year-over-year surge in new customer originations. read more

MAR 1, 2024 - 6:58 am

Kevin Scott rejoined Key Government Finance, a subsidiary of KeyBank, as vice president of public sector finance. Scott will report directly to Shawn Arnone, managing director and group head of KeyBank, and work with the bank’s partners on all tax-exempt and taxable financing in the public non-profit sectors, as well as tax-exempt financing in the healthcare sector. read more

MAR 1, 2024 - 6:57 am

TAB Bank’s board of directors appointed Austin Strong CEO and Tyler Heap president following the decision by Rick Bozzelli, the bank’s current president and CEO, to retire. Strong was previously the bank’s chief digital officer, while Heap was previously chief credit officer. read more

MAR 1, 2024 - 6:56 am

Trinity Capital committed $25 million in growth capital to Moxe Health, a healthcare interoperability and clinical data exchange company. This growth capital will enable the team at Moxe Health to continue scaling operations. read more

MAR 1, 2024 - 6:54 am

According to PNC's latest semi-annual survey of small and mid-sized businesses, which concluded Feb. 1, business owner optimism about economic conditions over the next six months has reached a 22-year high amid lessening fears of a recession. read more

MAR 1, 2024 - 6:54 am