News

One Day Left to Register for Monitor Live+ Asking the C-Suite

There's still time to register for Monitor’s next Live+ event, which will be held tomorrow at noon on the topic Monitor Live+ Asking the C-Suite: What’s Next for Equipment Finance? read more

Fitch Assigns Final Rating of ‘BBB’ to GE Capital Funding’s Senior Unsecured Debt

Fitch Ratings has assigned a final rating of 'BBB' to GE Capital Funding’s issuance of $4.5 billion in aggregate of senior unsecured debt. read more

Bank Leaders Forecast Weaker Economic Conditions Amid COVID-19

Many bank executives are concerned about access to capital during the coming year, according to Promontory Interfinancial Network's latest survey of bank CEOs, CFOs and presidents. read more

Ritchie Bros. Sells More Than $131MM in Edmonton Online Auction

Ritchie Bros. sold more than 10,700 equipment items for over $131 million in its first-ever online-only auction in Edmonton, AB. read more

Wells Fargo Provides $900K to Cleantech Startups Impacted by COVID-19

The Wells Fargo Innovation Incubator accelerated its awards program to provide $900,000 to cleantech and sustainable agriculture startups impacted by COVID-19. read more

Pressler Joins Monroe Credit Advisors Team

Marc Pressler has joined Monroe Credit Advisors as a managing director in its Chicago office. Pressler will be responsible for originating middle market debt and lease transactions for the firm. read more

DBRS Morningstar Confirms Balboa Capital Equipment ABS Ratings

DBRS confirmed 11 ratings on securities issued by three equipment lease and loan securitization transactions sponsored by Balboa Capital Corporation. read more

ISM: Economic Downturn to Continue Through 2020

The ISM reported that manufacturing and non-manufacturing are forecast to contract in the year ahead, with revenue decreasing to 10.3% for manufacturing and 10.4% for non-manufacturing. read more

SBA, Treasury Launch Loan Forgiveness App, AICPA Says it Leaves Many Questions

The Treasury Department and Small Business Administration released a loan forgiveness application form for the Paycheck Protection Program, but the AICPA said it fails to address outstanding issues and does not provide enough flexibility for those who receive funds. read more

Utica Equipment Finance Provides $5.4MM Sale Leaseback of Cranes

Utica Equipment Finance completed the funding of a $5.4 million sale and leaseback of cranes located throughout North America.  read more

U.S. Trailer Production Facing Massive Retrenchment in Production Levels

The U.S. trailer industry has shifted from the production/capacity challenges of the last three years to a massive retrenchment in production levels, according to ACT Research’s Trailer Components Report. read more

U.S. Healthcare Industry Faces Crosscurrents from COVID-19

The outbreak of COVID-19 is both benefiting and challenging the U.S. healthcare industry in ways that will continue to evolve in the coming quarters, according to the Global Healthcare team at Mitsubishi UFJ Financial Group (MUFG). read more

TCF Bank to Provide Second Round of PPP Loans, Pandemic Relief Projects

TCF Bank is accepting a second round of applications for Paycheck Protection Program (PPP) loans as well as helping its customers and communities navigate the pandemic with loan modifications, hazard pay for employees and grants to community food banks. read more

Hilco Global & Colbeck Acquire 19th Capital Group Assets

H19 Capital (a joint venture between Hilco Global and Colbeck) acquired substantially all of the assets of 19th Capital in a multi-million dollar transaction which closed on May 1, 2020. read more

Priority One and Mototv Bring Exclusive Partner Content to Dealers

Priority One Financial Services launched an exclusive partnership with MOTOTV, which will provide dealers with access to animated advertisements that educate customers on how easy the financing process can be when purchasing a boat or RV. read more

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