According to the most recent release of PNC’s semi-annual survey of small and mid-sized businesses, business owner optimism about the outlook for their businesses in the next six months has reached a 21-year high amid strong expectations for sales, profits and demand. read more

SEP 11, 2023 - 6:57 am

Utica Equipment Finance provided a $1.5 million capital lease to a licensed wholesale manufacturer of small caliber ammunition, small arms and tactical equipment. read more

SEP 11, 2023 - 6:55 am

Capteris closed a new $350 million credit facility to support the growth of its equipment finance business. Truist Bank is serving as administrative agent and Bank of America is also partnering with Capteris on the facility. read more

SEP 8, 2023 - 6:59 am

Kroll Bond Rating Agency assigned preliminary ratings to five classes of notes issued by NMEF Funding 2023-A, an equipment asset-backed securitization. NMEF 2023-A represents North Mill Equipment Finance’s seventh equipment ABS. read more

SEP 8, 2023 - 6:57 am

SCJ Commercial Financial Services promoted Scott Ogden to executive vice president. Ogden will continue to oversee operations and portfolio purchases for SCJ while taking on additional responsibilities in the expansion of SCJ. read more

SEP 8, 2023 - 6:56 am

Insight Financial Services (IFS), a division of Insight Investments, achieved its eighth consecutive completion and recertification of the Service Organization Control (SOC) 1 Type 2 audit. read more

SEP 8, 2023 - 6:54 am

William M. Daley, vice chairman of public affairs of Wells Fargo, will retire at the end of the year. Daley joined Wells Fargo in 2019 from BNY Mellon to lead public affairs and is also the former chief of staff for President Barack Obama. read more

SEP 8, 2023 - 6:52 am

Virginia-based Bank of Clarke sold the assets of LaVictoire Finance, its marine lending business, to Axos Bank, a unit of Axos Financial. read more

SEP 8, 2023 - 6:49 am

Daniel Shaya Csillag will join Dime Community Bancshares, the parent company of Dime Community Bank, as group head of a newly created healthcare vertical. Csillag will be responsible for building out Dime’s healthcare commercial banking business. read more

SEP 8, 2023 - 6:47 am

David Teolis will join ACT Research on Oct. 1 as chief economist following a 28-year career with General Motors. read more

SEP 8, 2023 - 6:45 am

1st Source Bank promoted Chris Lee to president of the specialty finance group’s aviation finance division to replace David Hudak, who will retire on Sept. 30. Lee joined the 1st Source Bank aviation team as a relationship sales officer and vice president in 2020. read more

SEP 7, 2023 - 7:06 am

Huddle Business Capital appointed Jennifer Vanderveen vice president of sales for its vendor financing division. Vanderveen will oversee the company’s vendor sales channel, align efforts to attract equipment vendors, and structure financing solutions for vendor partners. read more

SEP 7, 2023 - 7:04 am

Access Capital, a privately-owned asset-based lending firm based in New York, upgraded from Solifi’s legacy on-premise platform (ABLM.NET) to Solifi ABL on Solifi’s Open Finance Platform. read more

SEP 7, 2023 - 7:03 am

Shruti Patel joined U.S. Bank as chief product officer for the business banking segment. Patel was most recently head of global product partnerships and monetization at e-commerce company Shopify. Prior to that, she was head of embedded payments and partnerships at JPMorgan Chase. read more

SEP 7, 2023 - 7:01 am

Inovatec Systems, a provider of cloud-based software solutions for lenders, formed a relationship with VeriFast, a provider of artificial intelligence-driven verification and authentication solutions, to offer identification and income verification to lenders. read more

SEP 7, 2023 - 6:59 am