News

CLFP Foundation Adds 19 New CLFPs

The Certified Lease & Finance Professional (CLFP) Foundation certified 19 individuals who recently sat through and passed the online proctored CLFP exam. read more

ATEL Ventures: Supporting Hard Tech Founders is Key to a Sustainable Future

A new paper published by ATEL Ventures argues that important advancements in health, telecommunication, mobility and other areas risk being hindered if visionary founders are not able to access the necessary funding for their ventures. read more

Wayne Savings Bancshares and Main Street Financial Services Complete Merger

Wayne Savings Bancshares, the holding company of Wayne Savings Community Bank, and Main Street Financial Services, the holding company of Main Street Bank, closed their previously-announced merger. read more

AFS Provides $10MM ABL Facility to Equipment Manufacturer and Distributor

Austin Financial Services (AFS) closed a $10 million ABL facility, comprised of an accounts receivable and inventory revolver, to a foodservice equipment manufacturer & distributor of commercial kitchen equipment. read more

IMARC Group: Construction Equipment Industry Overview

IMARC Group, a market research company, recently released a report offering a comprehensive analysis of the construction equipment industry, which comprises insights on the construction equipment rental market share. read more

Barclays Arranges Pricing for $500MM Apidos XLVIII by CVC Credit

CVC Credit, the $43 billion global credit management business of CVC, has successfully priced Apidos XLVIII (48), a new $500 million (€460 million) collateralized loan obligation (CLO). Barclays served as lead arranger for this CLO. read more

CIT Northbridge Credit Provides $75MM to Cisco Equipment Rentals

CIT Northbridge Credit, as advised by First Citizens Institutional Asset Management, provided a $75 million revolving credit facility to Cisco Equipment Rentals, a Texas-based provider of equipment rentals, new and used equipment sales, parts and service. read more

Verdant Commercial Capital Closes $307.7MM 144a Term Securitization

Verdant Commercial Capital closed its latest 144a term securitization. “VERD 2024-1” issued notes totaling $307.7 million backed by a diverse portfolio of high-quality equipment leases and loans collateralized by equipment with an average original cost of approximately $150,000. read more

DLL and Sunstone Partner to Accelerate Adoption of Renewable Energy in the U.S.

DLL is partnering with Sunstone Credit, a commercial solar loan platform that helps businesses switch to clean energy, to provide solar financing solutions that accelerate the adoption of renewable energy in the United States. read more

KBRA Assigns Preliminary Ratings to Stonebriar-Sponsored Equipment ABS, SCF 2024-1

KBRA assigned preliminary ratings to eight classes of notes issued by SCF Equipment Leasing 2024-1 and SCF Equipment Leasing Canada 2024-1 Limited Partnership (collectively SCF 2024-1), an equipment ABS transaction. read more

QuickFi Wins Best Embedded Finance Solution at Banking Technology Awards USA

QuickFi won the Best Embedded Finance Solution at the 2024 Banking Tech Awards USA. Other finalists included J.P. Morgan Chase, HSBC Bank USA, Wells Fargo, Morgan Stanley, Intuit, Fiserv and SoFi. read more

Freedom Bank Adds Dao as Senior Vice President and Chief Credit Officer

The Freedom Bank of Virginia hired Tung Dao as senior vice president and chief credit officer. In this role, Tung will be responsible for underwriting and approving loans held for investment on the bank’s balance sheet. read more

ACT Research: Used Class 8 Truck Retail Sales Slowed Again in April

According to the latest State of the Industry: U.S. Classes 3-8 Used Trucks by ACT Research, the used Class 8 average retail sale price slid 1.9% month over month to $58,900 in April. read more

SLR Equipment Finance Hires Pennline as SVP, Direct Sales

SLR Equipment Finance hired Drew Pennline as senior vice president, direct sales. In his role, Pennline will help grow SLR Equipment Finance’s leasing and lending activities in multiple states. read more

TriState Capital Bank Hires Wetherbee as National Sales Director for Key Accounts

TriState Capital Bank hired Sean Wetherbee as national sales director for key accounts. In this role, Wetherbee is responsible for developing sales strategies, building strong relationships with clients and opening new distribution channels. read more

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