News

September Commercial Chapter 11 Filing Down 31% Year/Year

According to the American Bankruptcy Institute, commercial Chapter 11 filings totaled 308 in September, a 31% decrease from the 445 filings in the same month one year ago. read more

Crestmark Secures More Than $67.5MM in Financing in H2/September

Crestmark provided more than $67.5 million in financing for 69 clients in the second half of September 2018. read more

Large Truckload Fleet Turnover Hits Highest Level Since 2015

According to the American Trucking Associations, the annualized turnover rate at large truckload carriers jumped four percentage points in the second quarter to 98%. read more

White Oak Healthcare Agents $28MM Facility for Granite Investment

White Oak Healthcare acted as sole lender and administrative agent on the funding of a $28 million senior credit facility for Granite Investment Group. read more

ISM Report: New Orders, Production & Employment Growing

According to the latest Manufacturing ISM Report on Business, economic activity in the manufacturing sector expanded in September, and the overall economy grew for the 113th consecutive month. read more

BMO Harris Bank Hires Friedlander as Managing Director/ABL Group

BMO Harris Bank hired Steve Friedlander as managing director, portfolio and professional development, for its Asset-Based Lending team. read more

Monitor & Molloy Associates Acquired by Industry Vets Lisa Rafter & Kate Majewski

Lisa Rafter and Kate Majewski, owners of LK Consulting Partners LLC, have acquired Monitor and Molloy Associates. Susie Angelucci has rejoined Monitor as Director of Advertising. read more

Cropp, Soslow Join Beneficial Equipment Finance Leadership Team

Beneficial Equipment Finance named Doreen Cropp and Scott Soslow as vice presidents, business development officers. read more

JDR’s Williams Elected to ELFA Steering Committee

Douglas R. Williams, vice president and chief information officer of JDR Solutions, was elected to the Equipment Leasing and Finance Association’s Business Council Steering Committee. read more

National Funding Acquires QuickBridge

Fintech lender National Funding purchased QuickBridge, a leading alternative financial services firm offering working capital to small businesses nationwide. read more

36th Street Closes $7MM Lease for Specialty Food Company

36th Street Capital funded a $7 million lease for food processing equipment with a company that specializes in producing specialty food products. read more

ACT Research: Preliminary NA Class 8 Orders Fall in September

According to ACT Research, preliminary North America Class 8 net order data show the industry booked 42,800 units in September, falling moderately after back-to-back record order months. read more

Commercial Equipment Finance Promotes Ríos to COO

Commercial Equipment Finance promoted vice president of Sales and Marketing, Ricardo Ríos, Jr. to chief operating officer. read more

Fleet Advantage Survey: M&R Top Reason for Acquiring New Trucks

According to Fleet Advantage’s annual benchmarking survey, 40% of respondents listed maintenance and repair as their top motivating factor for acquiring new trucks, an issue which topped Fleet’s previous survey as well. read more

North Star Leasing Upsizes Revolver with People’s United

People’s United acted as lead arranger for a $60 million expandable revolver for North Star Leasing, which was up from its previous revolver with North Star of $45 million. read more

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