News

NEFA Names Wehner Manager of Education

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

First National Capital Provides $32MM for New Production Lines for Protein Processor

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

AP Equipment Financing Hires Coveney as Head of Newly Established Fleet & Mobility Division  

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

Global Jet Capital Surpasses $4B in Aircraft Financing, Reaches 10 Years in Business

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

Chapter 11 Bankruptcy Filings Increase 22% Y/Y in January, Subchapter V Filings Up 43%

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

Equipment Leasing & Finance Foundation Accepting Applications for Scholarship Program

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

Post Road Equipment Finance Provides $50MM Loan to Contract Development Manufacturing Organization

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

eCapital Appoints Wright Chief Product Officer to Drive Fintech Vision

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

ACT Research: Class 8 Truck Orders Jump 45% Y/Y in January

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

Aviation Capital Group Delivers Airbus A321neo Aircraft to Spirit Airlines

Asset manager Aviation Capital Group delivered one new Airbus A321neo aircraft on long-term lease to Spirit Airlines. Powered by Pratt & Whitney GTF engines, this is the fourth of four aircraft delivering to the airline from Aviation Capital Group’s order book with Airbus. read more

DLL Intends to Appoint Yocarini CEO to Replace van Kemenade

DLL intends to appoint Lara Yocarini CEO and chair of the company’s executive board for a term of four years. Yocarini will succeed Carlo van Kemenade, who will join the managing board of Rabobank Group as director of retail in the Netherlands. read more

Key Equipment Finance Promotes Spada to Director of Transactions Cycle Management

Key Equipment Finance promoted Krista Spada to director of transactions cycle management. Spada’s more than 30-year Key Equipment Finance tenure has spanned all aspects of client transaction cycles. Prior to her new role, she was a senior vice president of originations. read more

Truck Freight Market Ended 2023 With Double-Digit Drops In Volume and Spending

The U.S. truck freight market ended 2023 with further declines in both shipment volume and spending, according to U.S. Bank. Compared to the same period in 2022, fourth quarter shipment volume was down 15.7% in 2023, while spending by shippers contracted 13.5%. read more

LEAF Commercial Capital Hires Borg as Director of Syndications

LEAF Commercial Capital hired Marcel Borg as director of syndications, according to a LinkedIn post from Borg. Borg was previously a vice president and national sales manager for Accord Financial. read more

Sandhills Global Introduces Currency Equipment Financing Solution in Canada

Sandhills Global introduced its Currency financing solution to buyers and sellers using Sandhills marketplaces in Canada. Currency is the financial technology arm of Sandhills, offering secure solutions to facilitate financing for large expenditures. read more

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