ELFF Report: More Than 80% of Franchisors Expect Increase in Sales in 2023

Despite economic uncertainties around inflation, labor issues and a looming recession, more than 80% of franchisors anticipate an increase in franchise sales in 2023, according to a new study released by the Equipment Leasing & Finance Foundation. read more

Clarus Capital Closes $25MM Lease Facility for Sponsor-Backed Components Manufacturer

Clarus Capital completed a new $25 million lease facility for a sponsor-backed precision components manufacturer. The financing proceeds will support the installation of new production equipment across multiple facilities. read more

Rougeau Joins Partner Ranks at Wright Law Group

According to the Equipment Leasing and Finance Association, Wright Law Group promoted Jared Rougeau to partner and director of nationwide litigation. read more

Boeing Receives Orders for 4 Business Jets

Boeing received orders for up to four ultra-long-range Boeing Business Jets, including two BBJ 787-8s, one BBJ 737-7 jet and an option to purchase a BBJ 777-9, to undisclosed customers. read more

Mid Penn Bancorp Completes Acquisition of Brunswick Bancorp

Mid Penn Bancorp completed its acquisition of Brunswick Bancorp. The combined stock and cash transaction was valued at approximately $43.7 million and will extend Mid Penn’s footprint into Middlesex and Monmouth counties in central New Jersey. read more

Global Jet Capital Securitizations Earn Upgrades from S&P Global Ratings

Standard & Poor’s Global Ratings upgraded its ratings on several tranches of BJETS 2020-1 and BJETS 2021-1 ABS notes, which are part of Global Jet Capital’s securitization program. read more

Cynergy Business Finance Launches Block Discounting Product

Cynergy Business Finance, the asset-based lending arm of Cynergy Bank, launched a new block discounting product to enable independent finance providers and own-book lenders to release capital invested in customer finance agreements. read more

CIT Northbridge Credit Provides $40MM Credit Facility to Tronair

CIT Northbridge Credit, advised by CIT Asset Management, provided $40 million in financing for Tronair, a manufacturer of ground support equipment, aftermarket replacement parts and services for the global aviation market. read more

Comerica Names Anderson Colorado Market President, Adds Middle-Market Banking Team

Comerica Bank named Jenae Anderson its first Colorado market president. Anderson will continue to oversee commercial lending in the Colorado market and lead a new middle-market team for the greater Denver area. read more

Fitch: European Equipment Leasing Resilient to Macro Pressure

Reduced economic and construction activity, and potential recession in some jurisdictions, could weigh on demand for European lessors’ equipment, Fitch Ratings said in its newly published peer report. read more

Sweet Leaf Madison Capital Provides Financing for LED Lighting to Gold Lead Florida

Sweet Leaf Madison Capital provided Gold Leaf Florida with financing for a major purchase of horticultural LED lighting through FOHSE, a manufacturer of grow lights in the SLMC Preferred Vendor Program. read more

ACT: Classes 5-8 Production Exceeded Build Plans Again; Retail Sales Remain Robust

According to ACT Research, the Class 8 backlog should be on a downward trajectory until 2024 order boards open. April was no exception, with backlog down 15.1 thousand units month-to-month to 203.1 thousand. read more

AerCap Delivers Four New Airbus A321neo Aircraft to Air India

AerCap Holdings completed a mandate for the lease of four new Airbus A321neo aircraft with Air India, the flag carrier of India, following the delivery of the fourth aircraft. read more

Equipment Finance Industry Confidence Decreases Again in May

According to the Equipment Leasing & Finance Foundation’s  May 2023 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI), overall confidence in the equipment finance market fell to a mark of 40.6, a decrease from the April index of 47. read more

KeyBank Names State Assistant General Counsel to Coordinate Legal Affairs for Key Equipment Finance

KeyBank named John F. State assistant general counsel. In this role, State will be responsible for coordinating the legal affairs of Key Equipment Finance. Most recently, State was in private practice with the firm Cullen and Dykman. read more

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