March trailer net orders, at 13,600 units, were nearly 25% lower year over year and 7,000 units below February’s intake, according to ACT Research, bringing Q1/24 net orders to 48,300 units, down 29% from Q1/23’s faster paced order environment. read more

APR 24, 2024 - 6:37 am

According to the Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index (MLFI-25), overall new business volume in the equipment finance industry for March was $9.3 billion, down 7% year over year but up 18% from $7.9 billion in February. read more

APR 23, 2024 - 6:50 am

Mitsubishi HC Capital Canada is launching a new division and introducing additional financing solutions customized for Canada’s growing technology sector. The company hired Jim Moschos as the director of the new technology finance division. Moschos and his team will provide financing options that help end-users acquire hardware, software and services. read more

APR 23, 2024 - 6:50 am

The U.S. Attorneys' Office for the Eastern District of North Carolina announced that Armando Binelo of Pigeon Forge, TN, pled guilty for his role in a $20 million leasing fraud scheme. Daniel Raymond, of Mebane, NC, previously pled guilty to conspiracy to commit mail fraud and wire fraud in relation to the scheme and was sentenced to 84 months in prison. Binelo faces up to 20 years in prison when sentenced. read more

APR 23, 2024 - 6:49 am

MAZO Capital Solutions, a provider of commercial financing, appointed John Pfister, CLFP, to the role of CEO. Pfister was previously executive vice president for MAZO and under his leadership, the company was named the Orange County Business Journal’s second fastest-growing private company in 2023.  read more

APR 23, 2024 - 6:49 am

BMO launched its Greener Future Financing program in the U.S. The program is a climate financing program designed to help small and medium-sized businesses build climate-resilient operations. read more

APR 23, 2024 - 6:49 am

Final March Class 8 truck net orders totaled 17,410 units (17,200 seasonally adjusted), down 8.4% year over year, according to ACT Research, while total Classes 5-7 orders rose 23% year over year to 25,359 units (23,400 seasonally adjusted). read more

APR 23, 2024 - 6:47 am

Crane rental and lift solutions provider Maxim Crane Works promoted Larry Lis to chief operations officer. During his more than 25 years at the company, Lis has held numerous roles across the entire company, specifically in operations and sales. read more

APR 23, 2024 - 6:47 am

Peapack Private hired Greg Tamberlane as senior vice president and head of commercial bank operations in New York. Tamberlane most recently served as vice president and senior manager of digital asset solutions at Signature Bank. read more

APR 23, 2024 - 6:46 am

The American Bankruptcy Institute's Subchapter V Task Force unveiled its final report of recommendations pertaining to the $7.5 million debt sublimit for Subchapter V filings within Chapter 11 of the U.S. Bankruptcy Code, calling for the permanent maintenance of the $7.5 million threshold. read more

APR 22, 2024 - 6:50 am

Dext Capital unveiled AutoDocs as part of its Dext Access Real Time (DART) customer portal platform. The new tool is meant to offer improved document management control and efficiency for brokers and vendors by delivering signature-ready documents at the time of credit approval. read more

APR 22, 2024 - 6:49 am

Steve Grosso, CEO and vice chairman of Auxilior Capital Partners, was named a finalist for Ernst & Young’s 2024 Entrepreneur Of The Year Award for Greater Philadelphia. read more

APR 22, 2024 - 6:47 am

The Certified Lease & Finance Professional (CLFP) Foundation added 14 individuals who recently passed the the online-proctored CLFP exam. read more

APR 22, 2024 - 6:47 am

Clarus Capital completed an upsizing of its existing loan facility for a family office backed private aviation platform. The facility, now totaling $35 million, will continue to support the company’s ongoing fleet management. read more

APR 22, 2024 - 6:46 am

Despite economic twists and turns in 2023, the asset-based lending market experienced growth in commitments of working capital, according to the Secured Finance Network, which noted that while there were fewer new client deals last year than in 2022, deals were larger in size.  read more

APR 22, 2024 - 6:46 am