News

Amazech Solutions Appoints Andrews as Head of Asset Finance Practice

Amazech Solutions, a global IT services provider, appointed Jeff Andrews to head up asset finance. Andrews brings 30+ years of knowledge and experience in equipment financing, auto financing and IT outsourcing to his new role at Amazech. read more

VTRL Energizes 47 New High-Powered Charging Stations in Southern California

Velocity Truck Rental & Leasing (VTRL), a division of Velocity Vehicle Group, energized 47 high-powered charging stations at four strategic dealer locations across Southern California, scheduled to be fully operational in May 2024. read more

Biz2Credit Annual ‘Top 25 Cities for Small Business’ Study Identifies San Jose as No. 1

The 2024 Biz2Credit Top 25 Cities for Small Business Study identified San Jose, California, as the top city for small businesses in its annual financial analysis that used data from 2023. The other top 5 cities are: San Francisco, CA; Colorado Springs, CO; Seattle, WA; and Greater Bridgeport, CT. read more

M&T Bank Promotes Weissmann to Line of Business Manager

M&T Bank promoted Scott Weissmann, a longtime veteran of the equipment finance industry, to line of business manager for M&T Commercial Equipment Finance, part of the M&T Equipment Finance Group. read more

Acquis Welcomes Curran as Business Development Manager

Acquis, a specialist insurance provider to the asset finance industry, has appointed Brendan Curran as business development manager. Based in Philadelphia, Curran will be responsible for driving forward Acquis’s expansion in the U.S. read more

Horizon Bancorp Names Stewart CFO

Horizon Bancorp announced that John R. Stewart, CFA has been named Horizon’s next executive vice president and chief financial officer. Stewart will assume the responsibilities of CFO on May 20, 2024. read more

Chris Walker Education Fund Accepting Grant Requests; Announces Availability of $20K to Support Education Initiatives

The Chris Walker Education Fund is now actively raising funds and accepting grant requests until the application deadline of June 15, 2024. The fund will award a total of $20,000 in grants to be distributed by the end of August 2024. read more

Wintrust Business Credit Closes $15MM ABL Line of Credit to Aerospace Distribution Business

Wintrust Business Credit closed a new $15 million ABL line of credit, designed to support the client for the next several years, for a Southeast-headquartered aerospace distribution business with subsidiaries from the Southwest to the Northeast. read more

Penske Joins Powering America’s Commercial Transportation (PACT) as Charter Member

Powering America’s Commercial Transportation, a coalition focused on education and advocacy for accelerating the construction of nationwide infrastructure for medium- and heavy-duty zero-emission vehicles (ZEVs), added Penske Truck Leasing as a Charter Member. read more

AV AirFinance Arranges Financing For GOAL

AV AirFinance arranged a $240 million loan facility with German Operating Aircraft Leasing GmbH & Co. KG (GOAL), which will be secured by four (4) A320neo and two (2) A321neo aircraft. read more

PEAC Solutions Recognized for 25 Years of Membership in the ELFA

The Equipment Leasing and Finance Association (ELFA) recognized PEAC Solutions for 25 years of membership in the organization. As a member of ELFA, PEAC joins forces with other companies in the equipment finance sector. read more

QuickFi Expands into Canada

QuickFi expanded its equipment financing platform, which enables OEMs to offer equipment buyers a consistent, nearly instant, self-service equipment financing experience, into Canada. QuickFi has additional international expansion plans. read more

SLR Equipment Finance Adds Parker to its Underwriting Team as AVP, Risk Department

Rashawn Parker joined SLR Equipment Finance as assistant vice president in the risk department. In his new role, Parker will utilize his prior experience in credit analysis and financial services to help grow SLR Equipment Finance’s evolving financial solutions platform. read more

AACFB Elects New Board Members and Vice President

The American Association of Commercial Finance Brokers (AACFB) elected two new members to its board of directors. Paul Bosley will serve as secretary/treasurer and Megan Eddings will serve as director at large. AACFB also appointed Kortney Murray to vice president. read more

DLL Records Profit, Portfolio and Income Growth in 2023

DLL, global provider of asset-based financial solutions, delivered consistent results for the 2023 business year. Despite ongoing geopolitical and macroeconomic challenges, the company recorded net profit, portfolio and income growth. read more

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