Wingspire Equipment Finance Secures $195MM Credit Facility from Texas Capital Bank

Wingspire Equipment Finance closed a $195 million credit facility to further expand its direct funding capabilities. Texas Capital Bank agented the facility and Wells Fargo and Bank OZK served as joint lead arrangers. read more

ELFA Unveils Agenda for Hybrid 2023 Credit & Collections Management Conference

The Equipment Leasing and Finance Association unveiled the agenda for its 2023 Credit & Collections Management Conference, which will be offered both in-person June 7-9 at the Hilton Palacio Del Rio in San Antonio and virtually at a discounted rate. read more

Post Road Equipment Finance Provides $10MM Equipment Lease to Medical Device Manufacturer

Post Road Equipment Finance, formerly known as Encina Equipment Finance, provided a $10 million lease line to a medical device manufacturer to finance new and existing manufacturing equipment. read more

Republic First Bank Exits Mortgage Origination Business, Reduces Workforce

Republic First Bancorp, the holding company of Republic First Bank, which does business as Republic Bank, will exit its legacy mortgage origination business while simultaneously reducing the size of its New York lending and credit teams. read more

Ares Management Leads $3B in Financing to Support Acquisition of Merchants Fleet

Ares Management served as the lead arranger and junior agent for $3 billion in asset-backed and operating company financing for Merchants Fleet as part of the acquisition by Bain Capital and the Merchants executive team. read more

CNH Industrial and CASE Partner on New Excavator Leasing Program

CASE Construction Equipment is partnering with CNH Industrial Capital on a new lease program for excavators. The program, branded the CASE Power Lease, provides financing for CASE D Series and E Series excavators. read more

Cisco Capital Launches Program to Accelerate Technology Investments

Cisco launched the Cisco Capital Business Acceleration Program. Offered through Cisco Capital, the program is designed to help customers mitigate financial challenges based on overall market uncertainty. read more

Northteq and Mitsubishi HC Capital Canada Launch Partner Portal

Northteq, a provider of Salesforce loan origination solutions, partnered with Mitsubishi HC Capital Canada to launch a Salesforce-powered portal for the company. The new platform will serve as a front-end vendor-facing portal and completes the second part of a four-phase project. read more

Honour Capital Provides $2.5MM in Financing for National TV Media Company

Honour Capital provided $2.5 million in an operating lease arrangement to a national television broadcast media company to enable a high-tech computer equipment upgrade.   read more

Beacon Funding Launches Digital Customer Portal

Beacon Funding launched a new customer portal, a digital tool designed to simplify, streamline and secure the equipment finance experience. read more

Inovatec to Showcase Cloud Lending Solutions at Auto Finance Summit East

Inovatec Systems, a provider of cloud-based software solutions for lenders, will exhibit its cloud lending offerings at Auto Finance Summit East 2023, which be held May 10-12 at the JW Marriott in Nashville, TN. read more

Griffin Global Asset Management Announces Purchase of Aircraft on Lease with Aeroméxico

Griffin Global Asset Management announced the purchase of two Boeing 737 MAX 8 aircraft on long-term lease with Aeroméxico. The transactions were completed in March. read more

Equity Bank Hires Sems as President

Equity Bancshares, the Wichita, KS-based holding company of Equity Bank, hired Richard M. Sems as president of Equity Bank. Craig Anderson, who has served as the bank’s president since 2021, resigned. read more

Federal Reserve Boosts Rates for 10th Time Since March 2022

The Federal Reserve announced that it will raise the target range for the federal funds rate to between 5% and 5.25% on Wednesday, marking a quarter point increase and its third such move of 2023 and 10th since it began its efforts to curb rising inflation last March. read more

DLL’s Portfolio Balance Grew by 8.5% in 2022

DLL recorded net profits of €343 million ($361 million) for 2022, which represented a 41% decrease from 2021, largely due to the sale of the company’s Russian operations. However, the company also recorded portfolio growth of 8.5% in 2022. read more

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