News

Fleet Advantage Exceeds $1B in Lease Originations in Fiscal 2023

Fleet Advantage reported continued growth for its fiscal year ending June 30, as it notched more than $1 billion in lease originations during the year. read more

Honour Capital Adds Zeiher as VP of Strategic Operations & Technology

Honour Capital hired Sarah Zeiher as vice president of strategic operations and technology. Zeiher has spent more than 20 years working as an operations leader within various financial and banking roles. She previously worked for Wells Fargo and CoBank. read more

TIAA Bank Reports 15% Increase in Vendor Equipment Finance Booked Volume in H1/23

TIAA Bank’s vendor equipment finance team reported increased demand and growth for the first half of 2023, as from January to June, the team’s booked volume increased by 15%, following a 29% increase during the same time period in 2022. read more

Gibraltar Equipment Finance Provides $1MM to Transportation Maintenance Contractor

Gibraltar Equipment Finance, an affiliate of Gibraltar Business Capital, provided a $1 million finance lease to a transportation maintenance contractor to support the acquisition of rolling stock and other equipment assets. read more

XS Financial Provides $7.6MM in Capex Financing to PharmaCann

XS Financial, a specialty finance company that provides capex and equipment financing solutions to cannabis companies in the U.S., entered into a new lease with PharmaCann for $7.6 million. read more

Increasing Used Equipment Inventory Levels Led to Auction Value Declines in July

According to Sandhills Global, inventory increases across multiple used equipment industries, including used farm equipment, tractors, construction equipment, heavy-duty trucks and semitrailers, are leading to a downward trend in auction values as well as a widening gap between asking and auction values. read more

TBF Financial Celebrates 25 Years in Business

TBF Financial is celebrating 25 years in business this year. Robert Boehm and his sons, Brett and Adam, founded the company in 1998 with the goal of pioneering commercial debt buying in the equipment leasing industry. read more

Leasepath Adds Conversational AI and Embedded Microsoft Teams Features to Platform

Leasepath launched two new features, as it now offers Microsoft Copilot, an enterprise-grade conversational artificial intelligence solution, and a real-time Microsoft Teams collaboration capability within its platform. read more

ELFA to Hold Second Annual Equity Forum in New Orleans Sept. 13-14

The Equipment Leasing and Finance Association announced plans for the second annual ELFA Equity Forum to celebrate and advance diversity, equity and inclusion in the equipment finance industry. The forum will be held from Sept. 13-14 in New Orleans. read more

Equity Bancshares Promotes Navratil to CFO, Newell to Resign

Equity Bancshares, the Wichita, KS-based holding company of Equity Bank, promoted Chris M. Navratil to CFO to replace Eric R. Newell, who decided to resign from the position. read more

Embraer Deliveries Increase 47% Y/Y in Q2/23

Embraer delivered a total of 47 jets in Q2/23, including 17 commercial aircraft and 30 executive jets (19 light jets and 11 midsize jets). The company’s second quarter deliveries were 47% higher than in the same period from 2022. read more

Decarbonization of CV Fleets May Require 24-Month Lead Times for Charging Infrastructure

According to ACT Research, electric conversion of the commercial vehicle sector will require a very coordinated effort between vehicle acquisition and supporting charging infrastructure to ensure adequate charging infrastructure is in place to support fleet needs. read more

Griffin Global Asset Management Announces Purchase & Leaseback of Airbus A320neo Aircraft with Aer Lingus

Commercial aircraft leasing and alternative asset management business Griffin Global Asset Management announced the purchase and leaseback of one Airbus A320neo aircraft on long-term lease to Aer Lingus. The aircraft was delivered on July 28. read more

Westlake Capital Finance Partners with DealerCenter to Provide Lines of Credit to Buy Here Pay Here Dealers

DealerCenter, an automotive dealer management system, is partnering with Westlake Capital Finance, a commercial lending entity of Westlake Technology Holdings, to provide buy here pay here (BHPH) dealers a line of credit to finance their customers directly. read more

Hercules Capital Provides $115MM Loan Facility to X4 Pharmaceuticals

X4 Pharmaceuticals, a provider and developer of novel small-molecule therapeutics to benefit people with rare diseases of the immune system, closed a $115 million loan facility with Hercules Capital. read more

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.
www.abfjournal.com