ENGS Commercial Finance’s Gajda Named to ELFA’s Independent Business Council Steering Committee

ENGS Commercial Finance (ENGS) that Roman Gajda, a member of the leadership team at ENGS, was appointed to the Equipment Leasing and Finance Assocation’s Independent Business Council Steering Committee. read more

AP Equipment Financing Announces Record Funding Volume in 2022

AP Equipment Financing funded a company record $327 million in 2022, representing 38% year-over-year growth. AP also managed a portfolio of nearly 13,000 contracts and $635 million of receivables. read more

DLL Launches New Blog on 2023 Trends in Food and Agriculture Industries

DLL announced its newest blog “2023 Trends That Will Drive Change in the Food and Agriculture Industries” in which it highlights several key trends in the agriculture industry that will shape the food landscape in the coming years, including the adoption of electric power and renewable energy sources. read more

Ritchie Bros. Financial Services Funds $1B in Equipment and Vehicle Purchases in 2022

Ritchie Bros. Financial Services surpassed $1 billion in annual funded volume in 2022 for the first time in its 11-year history, helping tens of thousands of customers around the world purchase used equipment, vehicles and other industrial assets. read more

First Citizens Middle Market Banking Provides $65.8MM for Morningstar Properties Affiliates

First Citizens Bank announced that its middle market banking business provided a total of $65.8 million in senior secured financing for affiliates of Morningstar Properties, an investor in and operator of self-storage facilities, marinas and other specialty real estate assets. read more

Utica Equipment Finance Provides $720K Capital Lease to Tropical Plant Supplier

Utica Equipment Finance provided a $720,000 capital lease to a single source supplier of tropical plants, indoor floral and outdoor palms in California to refinance existing debt as well as provide additional working capital to fund growth initiatives. read more

Air Lease Updates Aircraft Investment Activity in Q4/22

Air Lease provided an update on its aircraft investments, sales and significant financing activities in Q4/22. It’s fleet of 398 aircraft will be delivered through 2028. read more

Small Business Loan Approval Percentages Experience No Growth

According to the latest Biz2Credit Small Business Lending Index, small business loan approval percentages at big banks fell from 14.6% in November to 14.5% in December and tied with January’s lowest monthly approval rate in 2022. read more

Columbia Banking and Umpqua Holdings Announce FDIC Approval for Combination

Columbia Banking System, the parent company of Columbia Bank, and Umpqua Holdings Corporation, the parent company of Umpqua Bank, jointly announced that the Federal Deposit Insurance Corporation approved the previously announced combination of the two companies. read more

Citizens M&A Outlook Optimistic Despite Headwinds

Citizens’ 2023 M&A Outlook revealed both upbeat expectations for company performance and high desire for growth in a low-growth world in the coming year. read more

Avolon Executes 75 Lease Transactions in Q4/22

Avolon, an aircraft leasing company, issued an update for Q4/22. Avolon executed 75 lease transactions in the quarter comprising new aircraft leases, follow-on leases and lease extensions. read more

BHI Provides $80MM Construction Loan to Building Project in New York

BHI provided an $80 million construction loan to 200 East 20th St. The 200 East project is a development of a new condominium building located at 20th Street and Third Avenue in the Gramercy Park neighborhood of Manhattan, NY. read more

Forbright Adds Sigman and Quale

Forbright named Jim Sigman senior advisor and Matthew Quale president of digital banking. Sigman will focus on institutional counterparty relationships, growth opportunities and advise on corporate and securities matters. Quale will lead the creation of a new digital banking platform. read more

Griffin Global Asset Management Delivers Airbus A32neo

Griffin Global Asset Management delivered a fourth Airbus A320neo aircraft with Scandinavian Airlines (SAS) out of a mandate of six purchase and leasebacks. read more

Solifi and Codat Partner to Streamline ABL Online Experience

Solifi, a global fintech software company, partnered with Codat to make it easier for customers to optimize business operations, streamline processes and make informed decisions securely and accurately. read more

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