News

US Business Funding Generates $89MM in Revenue in H1/18

US Business Funding posted its unaudited revenue results for 2018, which included record growth for the company. read more

August Machine Tool Orders Reach Highest Level Ever

The U.S. Manufacturing Technology Orders Report posted an unexpected surge in August, climbing 28% over the same month in 2017. Orders totaled $501 million for the month, the largest order level in the programs history. read more

Merchants Fleet Hires Ex GE Capital, Element Fleet Purchasing Director

Merchants Fleet Management hired Candice Groth as director of Purchasing. Groth was previously with GE Capital Fleet Services and Element Fleet Management. read more

Pacific Rim Capital Named 2018 Honda Supplier of the Year

Honda of American named Pacific Rim Capital the 2018 Indirect Supplier of the Year Award winner. read more

Reliant Funding Expands Executive Team

Reliant Funding promoted Matt Price to chief sales officer and hired Eric Macwan, Bob Wiederecht and Joel Rose as VP of Info Technology, VP of Ops and director Credit Policy, respectively. read more

Dragon Aviation Leasing Appoints New CEO

Dragon Aviation Leasing appointed Gang Li as chief executive officer. Li was previously with AerCap as chief accounting officer. read more

Artificial Intelligence in Manufacturing to Grow at CAGR of 52%

According to a ResearchAndMarkets report, global artificial intelligence in the manufacturing market is expected to rise with a CAGR of about 52% during the forecast period 2017-2024. read more

Business Aviation Growth Spurred by Intro of New Aircraft

According a 2019 forecast provided by Aviation Week Network, the forecast for business aviation growth is being spurred by the introduction of new aircraft models, efficient aircraft engines as well as business utilization recovery. read more

GoKapital Expands Portfolio of Loan Programs

GoKapital announced the launch of a new revolving business line of credit program offering $20,000 to $250,000 to established small businesses. read more

Lien Solutions to Present at 57th ELFA Annual Convention

Lien Solutions’ Amanda Partak will join Marjorie Krumholz of Thompson Coburn and Moderator Eddie Gross from Vedder Price for a roundtable discussion on “Making Business Move: Transportation Leasing and Finance”. read more

Global Automated Material Handling Market to Reach $53.59B by 2024

The global automated material handling equipment market is estimated to be valued at $33.46 billion by 2018 and is expected to reach $53.59 billion by 2024 at a CAGR of 8.2%. read more

BofA Agents $1.4B Global Revolver for Ryder

Ryder System established a new $1.4 billion five-year global revolving credit facility which will expire on September 27, 2023. read more

Hitachi Capital UK Appoints Biggin COO

Hitachi Capital UK appointed Jonathan Biggin chief operating officer. read more

CIT Completes Sale of European Rail Business

CIT Group completed the sale of NACCO, its European rail leasing business, for net proceeds of $1.1 billion. read more

National Funding Promotes Thompson to Chief Revenue Officer

National Funding promoted Justin Thompson from EVP of Sales to chief revenue officer and named Jason Osiecki VP of Strategic Partnership and Kevin Kane director of Business Alliance. read more

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Terry Mulreany
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