News

Ares Management Ends 2018 with Strong Fourth Quarter

Ares Management reported its financial results for its fourth quarter and year ended December 31, 2018. read more

ACT: Preliminary Used Class 8 Volumes Ticked Up in January

Preliminary used Class 8 volumes (same dealer sales) rose 4% month-over-month, following two sequential declines, according to the latest preliminary release of the State of the Industry: U.S. Classes 3-8 Used Trucks published by ACT Research. read more

2018 Manufacturing Tech Orders See 19% Gain in Y/Y Annual Total

According to AMT, U.S, manufacturing technology orders posted $443 million in December, down 2% from November and 6% from December 2017. The year-end order total for 2018 was $5.5 billion, up 19% from the annual sum for 2017. read more

Austin Financial Funds $5MM ABL Facility for Midwest Manufacturer

Austin Financial Services closed a $5 million senior secured credit facility for a full-service custom automation and manufacturing company that services the medical and life sciences, consumer goods and aerospace markets. read more

OnDeck Sees $27.7MM Net Income in 2018

OnDeck announced fourth quarter 2018 net income of $14 million, an increase from $9.8 million from the previous quarter. The company’s full year 2018 net income of $27.7 million was significantly improved from its net loss of $11.5 million in 2017. read more

Nations Promotes Brigante, Bohlert to Leadership Roles in Capital Markets

Nations Equipment Finance promoted Mike Brigante to managing director, Sales and Capital Markets and Ryan Bohlert to senior vice president of Capital Markets. read more

Santander Promotes Cerminaro to Commercial Banking Director, New England

Santander Bank promoted Robert Cerminaro was promoted to commercial banking market director for New England. He will report to David Harnisch, head of Commercial Banking. read more

First National Promotes Massingham to Chief Operating Officer

First National Capital promoted Melissa Massingham to chief operating officer. read more

Corcentric Names Sparks, Thorne to VPs of Sales

Corcentric named Joseph Sparks and Tanner J. Thorne vice presidents of Sales, Capital Equipment Solutions. Sparks will have responsibility for the Western U.S. region and Thorne for the Midwest. read more

Great American Promotes Kim to Managing Director of Appraisals

Great American Group Advisory & Valuation Services promoted Jennie Kim to managing director of the firm's appraisal business. read more

Stonebriar Closes $35MM Equipment Lease for Oil & Gas Company

Stonebriar Commercial Finance closed a $35 million equipment sale and leaseback with a private equity-owned oil and gas midstream company that provides gathering and processing services to exploration and production customers. read more

CDB Aviation Leases Four E190 Aircraft to Mongolian Carrier Hunnu Air

CDB Aviation, the wholly-owned Irish subsidiary of China Development Bank Financial Leasing, signed a lease agreement with a Mongolian domestic airline Hunnu Air for a fleet of four Embraer E-190 aircraft. read more

Reich Bros to Provide $30MM Financing to Cannabis Cultivator Flower One

Reich Bros Commercial Finance signed a master lease agreement with cannabis cultivator Flower One Holdings for lease financing of up to $30 million. read more

ELFF Study Examines Role of Independents in Equipment Financing Industry

"Independents: Banking on the Non-Banks," a new study released today by the ELFF, addresses questions about this critical source of equipment finance, such as how independents create value and differentiate themselves from competitors. read more

People’s United Receives Greenwich Assoc Award for Middle Market Banking

Greenwich Associates presented People's United Bank with seven awards, including a Greenwich Best Brand – Trust award. read more

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