News

Most Small Business Owners Feel Successful but Admit to Sacrificing Personal Lives

Most U.S. small business owners feel successful, driven by purpose and fulfilled by their work, but more than half are sacrificing time and relationships with loved ones for the sake of their business, according to a new U.S. Bank survey. read more

ECN Capital and Skyline Champion Form Captive Retail Finance Company

ECN Capital and Skyline Champion Corporation closed a previously announced private placement transaction. In connection with the private placement, the companies formed Champion Financing, a captive retail finance company. read more

Maritime Partners Acquires U.S. Marine Management

Maritime Partners, a provider of maritime financing solutions primarily focused on Jones Act vessels, announces that one of its managed funds acquired Norfolk, VA-based U.S. Marine Management from Maersk Line. read more

Surf Air Mobility Confirms Order for First 20 Cessna Grand Caravan EX Aircraft from Textron Aviation

Textron Aviation announced that Surf Air Mobility confirmed its order and paid the deposit for the first 20 Cessna Grand Caravan EX aircraft to be purchased under its previously announced initial fleet order of up to 100 aircraft with options for 50 additional aircraft. read more

PEAC Solutions Promotes Sting to President of the Americas

PEAC Solutions promoted Greg Sting to president of the Americas. Sting will oversee all aspects of PEAC Solutions’ operations in the Americas, including credit, booking, sales support, customer care, collections, asset management and more. read more

ELFA’s Monthly Leasing and Finance Index Shows 14% Y/Y Increase in August New Business Volume

The Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index showed overall new business volume for August was $10.1 billion, up 14% year over year from new business volume in August 2022. read more

Alfa Commits to Achieve Net-Zero Emissions by 2030

Alfa, provider of Alfa Systems, has received validation for its science-based targets and reaffirmed its commitment to achieve net-zero emissions by 2030. read more

AACFB’s Commercial Financing Expo Featured 80 First-Time Attendees, Must-Have Education

The American Association of Commercial Finance Brokers concluded its 2023 Commercial Financing Expo in Orlando, FL, last week. The expo included a mix of new and returning attendees, with more than 80 attending their first AACFB event. read more

WSFS Bank Hires New Chief Auditor, General Counsel and Deputy CCO

WSFS Bank hired Alyson Beasley Bradley as senior vice president and chief auditor, Jeffrey Goodman as senior vice president and general counsel, and Frank McGrane as senior vice president and deputy chief credit officer. read more

Piper Sandler Appoints Avey and Gerber Co-Heads of Public Finance

Piper Sandler named Dustin Avey and Jeremy Gerber co-heads of public finance. Avey and Gerber will report to Deb Schoneman, president of Piper Sandler. Frank Fairman, the firm’s current head of public finance, will remain with the firm in an advisory capacity into 2024. read more

ACT Research: Trailer Industry Easing into Order Season

While clouds on the trailer market horizon still bear watching, the industry is currently in its seasonally weakest time of the year for forward-looking metrics, according to ACT Research. read more

Mullen Automotive Receives EPA Certification for Commercial Class 3 Electric Vehicles

Mullen Automotive, a Southern California-based electric vehicle manufacturer, received full approval and certification from the Environmental Protection Agency for commercial Class 3 electric vehicles on Sept. 22. read more

Bretzman Joins Mitsubishi HC Capital America to Further Expand Industrial Relationships

Carl Bretzman joined Mitsubishi HC Capital America to manage and grow business development initiatives in its industrial finance division. read more

Commercial Equipment Finance Names Hanson VP of Business Development & Sales

Commercial Equipment Finance International (CEFI) appointed Gary Hanson as its new vice president of Business Development and Sales.  read more

Software and Information Services, Capital Markets and Life Sciences Forecasted to Lead Worldwide ICT Spending Growth Through 2027

Worldwide spending on information and communications technology is forecast to grow steadily through 2027 with a 5.7% compound annual growth rate, according to International Data Corporation. read more

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