News

Equipment Finance Cares Holds Fourth 2023 Event in Chicago

Equipment Finance Cares held its fourth event of 2023 this last week in Chicago. More than 50 equipment finance professionals attended, representing 33 different organizations. read more

Webster Appoints Kristy Berner as Executive Vice President, General Counsel and Corporate Secretary

Webster Financial Corporation appointed Kristy Berner as executive vice president, general counsel and corporate secretary of Webster Financial Corporation and Webster Bank. read more

LeasePoint Ranks on Inc.5000 List for Nation’s Fastest Growing Businesses

LeasePoint Funding Group, a fintech company specializing in equipment financing, received recognitions on prestigious business growth lists. The company has successfully ranked #180 on the Inc.5000 list of the fastest-growing businesses in the nation. read more

Biz2Credit: Annual Revenue for Latino-Owned Businesses Increased 23.1% in 2022 – 2023

Average annual revenue for Latino businesses increased by 23.1% in 2022 – 2023 over the previous 12-month period, according to the annual Biz2Credit Latino-Owned Business Study. read more

Manufacturers Bank Appoints Olga Tsokova as Chief Financial Officer

Manufacturers Bank appointed Olga Tsokova as chief financial officer. read more

ACT Research: Factors Signal a Fundamentally Weaker U.S. Tractor Market in 2024

Factors are at work in 2024, and those factors will help support a fundamentally weak U.S. tractor market, according to ACT Research. read more

Equipment Finance Industry Confidence Steady in September

The Equipment Leasing & Finance Foundation released the September 2023 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI). read more

Broad Fit Financial Announces Official Launch to Serve Fitness Equipment Finance Needs

Broad Fit Financial announced its official launch as an equipment finance company dedicated to providing financing for businesses acquiring fitness equipment and related equipment. read more

IMER USA Partners With SLR Equipment Finance

IMER USA and SLR Equipment Finance have entered into a strategic partnership that provides custom financing solutions for IMER USA’s end users. read more

AmeraMex International Wins $1.5MM Equipment Lease Agreement

AmeraMex International, a provider of heavy equipment for logistics companies, infrastructure construction and forestry conservation, was awarded a five-year, $1.5 million equipment lease agreement. read more

SMB Optimism, Expectations for Profitability Rise Despite Lingering Economic Concerns

According to Umpqua Bank’s recently released annual business barometer, while concerns about the direction of the U.S. economy persist, business optimism is rising and expectations for revenue and profitability are increasing. read more

U.S. Bank Names Sakstrup Chief Product Officer for Wealth, Corporate, Commercial & Institutional Banking

U.S. Bank named Kai Sakstrup chief product officer for its wealth, corporate, commercial and institutional banking division. Sakstrup previously served as chief strategy officer for U.S. Bank for more than six years. read more

ACT Research: Pent-Up Equipment Demand Likely to Fade into Year End

On continued strong build rates and seasonally weak order volumes, the Class 8 backlog fell by 11,000 units to 152,600 units in August, according to ACT Research. read more

Textron Aviation and NetJets Sign Fleet Agreement for Up to 1,500 Cessna Citation Jets

Textron Aviation and NetJets completed a record-breaking fleet agreement for the option for NetJets to purchase up to 1,500 additional Cessna Citation business jets over the next 15 years. read more

HP Announces Finance Partner Endorsements for LEAF Commercial Capital and GreatAmerica Financial Services

HP announced two new finance partner endorsements, endorsing LEAF Commercial Capital and GreatAmerica Financial Services to provide financing options to SMBs and Amplify Power Services Print partners, respectively. read more

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