Sentry Financial and Verdant Commercial Capital Close $24MM Equipment Lease for Equipment Management Company

Sentry Financial and Verdant Commercial Capital closed a $24 million equipment lease of construction equipment, including aerial work platforms and material handling equipment, for an equipment management, leasing and technology company. read more

Clarus Capital Closes $30MM Lease Facility for Specialty Logistics Provider

Clarus Capital completed a new $30 million lease facility for a specialty logistics provider with hubs at major infrastructure facilities around the United States and abroad. read more

TriState Capital Bank Hires Basile as Equipment Finance Relationship Manager

Michael Basile joined TriState Capital Bank as a relationship manager of equipment finance. In this role, Basile will be responsible for new business development and market growth in the equipment leasing and financing space in Philadelphia and the surrounding areas. read more

Wingspire Equipment Finance Secures $195MM Credit Facility from Texas Capital Bank

Wingspire Equipment Finance closed a $195 million credit facility to further expand its direct funding capabilities. Texas Capital Bank agented the facility and Wells Fargo and Bank OZK served as joint lead arrangers. read more

ELFA Unveils Agenda for Hybrid 2023 Credit & Collections Management Conference

The Equipment Leasing and Finance Association unveiled the agenda for its 2023 Credit & Collections Management Conference, which will be offered both in-person June 7-9 at the Hilton Palacio Del Rio in San Antonio and virtually at a discounted rate. read more

Post Road Equipment Finance Provides $10MM Equipment Lease to Medical Device Manufacturer

Post Road Equipment Finance, formerly known as Encina Equipment Finance, provided a $10 million lease line to a medical device manufacturer to finance new and existing manufacturing equipment. read more

Republic First Bank Exits Mortgage Origination Business, Reduces Workforce

Republic First Bancorp, the holding company of Republic First Bank, which does business as Republic Bank, will exit its legacy mortgage origination business while simultaneously reducing the size of its New York lending and credit teams. read more

Ares Management Leads $3B in Financing to Support Acquisition of Merchants Fleet

Ares Management served as the lead arranger and junior agent for $3 billion in asset-backed and operating company financing for Merchants Fleet as part of the acquisition by Bain Capital and the Merchants executive team. read more

CNH Industrial and CASE Partner on New Excavator Leasing Program

CASE Construction Equipment is partnering with CNH Industrial Capital on a new lease program for excavators. The program, branded the CASE Power Lease, provides financing for CASE D Series and E Series excavators. read more

Cisco Capital Launches Program to Accelerate Technology Investments

Cisco launched the Cisco Capital Business Acceleration Program. Offered through Cisco Capital, the program is designed to help customers mitigate financial challenges based on overall market uncertainty. read more

Northteq and Mitsubishi HC Capital Canada Launch Partner Portal

Northteq, a provider of Salesforce loan origination solutions, partnered with Mitsubishi HC Capital Canada to launch a Salesforce-powered portal for the company. The new platform will serve as a front-end vendor-facing portal and completes the second part of a four-phase project. read more

Honour Capital Provides $2.5MM in Financing for National TV Media Company

Honour Capital provided $2.5 million in an operating lease arrangement to a national television broadcast media company to enable a high-tech computer equipment upgrade.   read more

Beacon Funding Launches Digital Customer Portal

Beacon Funding launched a new customer portal, a digital tool designed to simplify, streamline and secure the equipment finance experience. read more

Inovatec to Showcase Cloud Lending Solutions at Auto Finance Summit East

Inovatec Systems, a provider of cloud-based software solutions for lenders, will exhibit its cloud lending offerings at Auto Finance Summit East 2023, which be held May 10-12 at the JW Marriott in Nashville, TN. read more

Griffin Global Asset Management Announces Purchase of Aircraft on Lease with Aeroméxico

Griffin Global Asset Management announced the purchase of two Boeing 737 MAX 8 aircraft on long-term lease with Aeroméxico. The transactions were completed in March. read more

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