News

SMBC Aviation Capital Orders 25 Boeing 737 MAX Jets

Aircraft operating lease company SMBC Aviation Capital ordered 25 737-8 MAX jets from Boeing, increasing its backlog to 81 737 MAX jets focused on the 737-8. read more

Premier Truck Rental Hires Gold as Chief Operating Officer

Premier Truck Rental hired Jason Gold as chief operating officer. Gold has a background in the equipment rental industry, having held leadership positions in rental organizations over the last 19 years, including Fabick Cat, BlueLine Rental, Caterpillar and RSC Equipment Rental. read more

Sasser Family Companies Names Clark President of Rail Division

Sasser Family Companies named Thomas Clark company president of its rail division, which includes Chicago Freight Car and CF Rail Services. Clark began his career at Union Pacific Railroad and most recently served as a regional vice president at PNW Railcars. read more

Small Businesses Remain Confident, Undeterred by Economic Outlook

Nearly eight out of 10 small business owners feel a strong degree of confidence that their companies will grow over the next year even amid rocky market conditions, according to the ninth annual First Citizens Bank Small Business Forecast. read more

Small Business Loan Approval Rates Continue to Slide at Big Banks

Small business loan approval percentages at big banks (more than $10 billion in assets) fell from 13.3% in July to 13.2% in August, according to the latest Biz2Credit Small Business Lending Index. Big bank lending to small businesses has now dipped every month since June 2022. read more

Northteq Upgrades Aurora Platform with AI, Fast Funding, Section 1071 Readiness Features

Northteq, a provider of Salesforce loan origination solutions, unveiled several upgrades to its Aurora platform, including the embracing of artificial intelligence technology and the introduction of intelligent application entry, Section 1071 borrower authentication and enhanced credit summaries. read more

JPMorgan Chase Promotes Sable to CFO for Commercial Banking

JPMorgan Chase promoted Matt Sable to CFO for commercial banking. In this role, Sable and his team will be responsible for planning, managing and running all financial activities for JPMorgan Chase Commercial Banking. read more

LTi Technology Solutions to Host ESG-Focused Event with Propel Finance & Acquis Data Services

LTi Technology Solutions will conduct its second annual Leadership Live event on Sept. 21 in London. LTi will host the event, which will feature a focus on environmental, social and governance policies, alongside sponsors Propel Finance and Acquis Data Services. read more

Fortune Names First American Equipment Finance a Best Workplace in Financial Services & Insurance

Fortune and Great Place to Work named First American Equipment Finance one of 2023’s Best Workplaces in Financial Services & Insurance in the under 1,000 full-time employees’ category. read more

Star Hill Financial Adds Ende to Leadership Development Program

Star Hill Financial added Liam Ende to its leadership development program, which was launched to encourage recent college graduates to pursue a career in the equipment finance industry.  read more

Amembal to Partner with Rinaldi Advisory Services

Sudhir Amembal, CEO of Amembal & Halladay, is returning to the U.S. to provide lease education to emerging industry leaders and their teams, as he will be joining Rinaldi Advisory Services. read more

NEFA’s Upcoming Funding Symposium Will Focus on ‘Lassoing Opportunities for Success’

The National Equipment Finance Association unveiled details about its upcoming 2023 Funding Symposium, which will take place from Oct. 3-6 in San Antonio. The deadline to take advantage of special rates for hotel accommodations for the symposium is today. read more

Solifi Named on 2023 IDC FinTech Top 100

Solifi was named among the top 100 on the International Data Corporation’s 2023 FinTech Rankings. Now in its 20th year, this annual vendor ranking program recognizes the world’s top 100 hardware, software and service providers to the financial services industry. read more

5 Takeaways from ELFA’s Webinar on Building Inclusive Workplaces

The Equipment Leasing and Finance Association’s recent webinar, “Building Inclusive Workplaces: You’ve successfully recruited a diverse workforce, now what?” focused on an exploration of diversity, equity and inclusion principles. read more

Liventus Adds DeVeney as EVP of Solutions

Liventus, a provider of automation solutions for the equipment finance industry, hired Chris DeVeney as executive vice president of solutions. DeVeney has more than 15 years of experience in the banking finance software sector and 10 years of experience in the equipment finance software sector. read more

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