GreatAmerica Financial Services  closed on its 24th term securitization with $655.26 million of privately placed bonds. S&P Global Ratings and Fitch Ratings rated 93.4% of the bonds in the transaction as AAA, unchanged from the prior seven transactions from GreatAmerica. To date, GreatAmerica bond issuances have totaled $9.9 billion. read more

FEB 6, 2024 - 6:30 am

Huntington National Bank hired Jill McKean-Bilby as an equipment finance sales executive, according to a LinkedIn post from McKean-Bilby. McKean-Bilby was previously the president of BOK Financial Equipment Finance from 2018 to 2023. read more

FEB 6, 2024 - 6:30 am

Clarus Capital completed a new $5 million lease facility for a sponsor-backed engine components manufacturer, which used the financing proceeds to replenish liquidity and support asset purchases for contracts with customers. read more

FEB 6, 2024 - 6:28 am

Reliant Capital closed $15 million in new business loans in January, marking an increase of 131% compared with January of last year. In addition, Reliant Capital added five new team members, including three new sales professionals. read more

FEB 6, 2024 - 6:27 am

To assist equipment finance companies in tracking financial disclosure regulations that will impact their businesses, the Equipment Leasing and Finance Association developed a new interactive state-by-state disclosure map of legislative activity. read more

FEB 6, 2024 - 6:26 am

With the rising trend of technology and equipment consumption-based models, interest rates off their seemingly permanent historical lows, and inflation driving up the cost of asset acquisition, are CFOs more open to operating lease solutions? read more

FEB 6, 2024 - 6:26 am

The National Equipment Finance Association named William "Skip" Wehner its new manager of education. Wehner has more than 30 years of small business lending experience. read more

FEB 6, 2024 - 6:25 am

Commercial equipment and project finance provider First National Capital Corporation funded $32 million of new production lines for a protein processor in the U.S. read more

FEB 6, 2024 - 6:25 am

AP Equipment Financing hired Alex Coveney as the executive vice president of its newly established fleet and mobility division. In addition to being tasked with developing value-added services throughout AP’s portfolio, the division will also explore untapped segments for new growth opportunities.   read more

FEB 5, 2024 - 6:41 am

Global Jet Capital recently surpassed $4 billion in aircraft financing originations to users of new and pre-owned aircraft. This milestone coincides with the company's commemoration of a decade in business. read more

FEB 5, 2024 - 6:40 am

Chapter 11 bankruptcy filings increased 22% year over year in January, while small business filings, captured as Subchapter V elections within Chapter 11, increased 43%, according to Epiq Bankruptcy. read more

FEB 5, 2024 - 6:38 am

The Equipment Leasing & Finance Foundation is accepting applications for its scholarship program for the 2024-2025 academic year. The foundation will award up to 10 scholarships of $5,000 each to students interested in pursuing a career in the equipment finance. read more

FEB 5, 2024 - 6:37 am

Post Road Equipment Finance, formerly known as Encina Equipment Finance, provided a $50 million loan to a global contract development manufacturing organization to finance new and existing manufacturing equipment. read more

FEB 5, 2024 - 6:37 am

eCapital appointed Rob Wright chief product officer. Before joining eCapital, Wright served as chief product officer for Triumph Financial, where he created a multi-phase innovation strategy that included a re-architected customer platform. read more

FEB 5, 2024 - 6:36 am

According to preliminary data from ACT Research, North American Class 8 truck net orders reached 27,000 units in January, up 600 units from December and up 45% compared with January 2023. read more

FEB 5, 2024 - 6:35 am