News

Wheeler Financial Provides Capital to InterWest Paper

Wheeler Financial closed a financing transaction with InterWest Paper, a full-service recycling facility for the Pro Recycling Group. read more

SFNet: Banks See $3.6B in ABL Commitments in Q2/2019

In Q2/2019, banks experienced the largest quarterly net increase in ABL loan commitments and outstandings since data collection began in 2016, according to the Secured Finance Network. read more

Amembal & Halladay Release Two New Books on EF Industry

Amembal & Halladay have released two new publications: Leasing - The Creative Financing Alternative by Sudhir Amembal and Accounting for Leases - Embracing the New Paradigm by Shawn Halladay. read more

NEFA 2019 Funding Symposium Sets Attendance Record

The National Equipment Finance Association 2019 Funding Symposium set a record for attendance, with over 330 professionals attending the conference in Atlanta. read more

Mahindra Group Opens Washington, D.C. Office, Expands US Presence

The Mahindra Group opened its new Washington, D.C. office concurrent with the celebration of its 25th year of conducting business in the U.S. read more

SQN Capital Provides $6.3MM Equipment Lease to Hemp Oil Producer

SQN Capital Management provided a $6.3 million equipment lease facility to a provider of hemp oil products in the U.S. read more

Software Provider IDS Acquired by Private Equity Firm Thoma Bravo

Software-focused private equity investment firm Thoma Bravo acquired majority ownership in IDS, a provider of asset finance software solutions. read more

ELFA Names Frasier 2019 Distinguished Service Award Winner

The ELFA selected Lori Frasier, chair of the ELFA Women’s Council, to receive the 2019 Michael J. Fleming Distinguished Service Award. read more

Avolon Managed Fleet Reaches 914 Aircraft in Q3/2019

International aircraft lessor Avolon released an update for the third quarter of 2019, which included increasing its owned, managed and committed fleet to 914 aircraft. read more

McElyea Joins CIT to Lead Merchant & Card Initiative

Bob McElyea joined CIT Group as managing director of CIT’s Merchant and Card Initiative in the Treasury and Payment Services group. read more

CWB Franchise Finance Partners with Sterling Group on Debt Refi

CWB Franchise Finance provided debt refinancing, renovation financing and a revolving line of credit to Sterling Group. read more

36th Street Closes $6MM Financing for Green Energy Company

36th Street Capital funded a $6 million equipment financing for an energy services company that provides fuel cell solutions to commercial clients. read more

North Mill Funds $1MM A/R Facility for Staff Right Solutions

North Mill Capital provided a $1 million accounts receivable facility to Staff Right Solutions. read more

Sterling to Acquire $843MM Equipment Finance Portfolio from Santander

Sterling National Bank agreed to acquire a portfolio of equipment finance loans and leases from Santander Bank in the wake of the latter’s decision to exit the equipment finance industry. read more

Genevro to Lead Branch Banking at MUFG Union Bank

MUFG Union Bank appointed Elaine Genevro as its new head of Branch Banking for the regional bank. Genevro will oversee a network of more than 350 branches throughout the West Coast. read more

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Terry Mulreany
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