Maxim Commercial Capital promoted Fernando Rodriguez to director, vendor sales. In his new role, Rodriguez manages vendor relationships, business origination and sales for Maxim’s truck and equipment financing divisions. read more

MAY 7, 2024 - 6:49 am

Rabobank closed a $100 million equipment supply loan with Scout Clean Energy. The facility will be used to fund the company’s equipment down payments. Scout intends to upsize the facility to $200 million and bring in additional banks later in the year. read more

MAY 7, 2024 - 6:49 am

360 Equipment Finance celebrated its 14th anniversary and recorded its largest total funding volume in company history in April 2024, surpassing its five-year average in terms of total income and the number of deals facilitated. read more

MAY 7, 2024 - 6:48 am

Flushing Financial, the parent holding company for Flushing Bank, added a dedicated team to expand SBA lending nationwide. This initiative underscores the company’s commitment to fostering economic growth and providing tailored financial solutions to small businesses. read more

MAY 7, 2024 - 6:48 am

The global construction equipment rental market size is estimated to grow by $31.46 billion from 2023 to 2027, according to Technavio. This growth is expected to occur at a compound annual growth rate (CAGR) of over 5.17% during the forecast period. read more

MAY 7, 2024 - 6:47 am

U.S. Bancorp hired Gunjan Kedia as its new president, reporting to Andy Cecere, who will retain the title of chairman and CEO. In this role, Kedia will oversee the company’s three business lines, ensuring a shared focus on growth and holistic client experiences across its entire network. read more

MAY 6, 2024 - 6:59 am

Small business filings increased 60% year over year to 233 in April 2024, according to data provided by Epiq AACER. Commercial chapter 11 filings increased 40% year over year in April 2024 to 542. Overall commercial filings increased 39% year over year in April 2024 to 2,569. read more

MAY 6, 2024 - 6:58 am

K&B Global has been named a trusted deployment partner for TietoEvry ProFinance, a leasing platform designed to automate the increasing complexity of equipment financing transactions. K&B will provide governance and delivery assurance for optimal deployment of the platform. read more

MAY 6, 2024 - 6:58 am

Small business sales grew 5.6% year over year and 2.2% month over month, according to the Fiserv Small Business Index for April 2024. Nationally, the seasonally adjusted Fiserv Small Business Index increased 4 points to 145. read more

MAY 6, 2024 - 6:58 am

Economic activity in the services sector contracted in April for the first time since December 2022, ending a period of 15 consecutive months of growth, according to the latest ISM Report On Business. The services PMI registered 49.4%, indicating sector expansion in 45 of the previous 47 months. read more

MAY 6, 2024 - 6:58 am

Worldwide spending on telecommunications services and pay TV services reached $1,509 billion in 2023, an increase of 2.1% over 2022, according to the International Data Corporation (IDC) Worldwide Semiannual Telecom Services Tracker. read more

MAY 6, 2024 - 6:58 am

Charles River Development, a State Street company, appointed Vinayak (Vin) Bhat as senior vice president, head of Asia Pacific, where he will be responsible for all business oversight within the region and collaboration with State Street Alpha. read more

MAY 6, 2024 - 6:57 am

F&M Bank, an Archbold, Ohio-based bank owned by Farmers & Merchants Bancorp, appointed Andrew Briggs as chairman of the board of both the company and the bank. Current board chairman Jack Johnson will retire later this month. read more

MAY 6, 2024 - 6:57 am

As part of 1st Source’s long-term succession planning, the company promoted Andrea G. Short to president. Prior to this promotion, she served as executive vice president of the organization, and she will continue to serve as president and CEO of 1st Source Bank. read more

MAY 3, 2024 - 6:53 am

The latest U.S. Bank Freight Payment Index revealed that the U.S. truck freight market contracted significantly during the first three months of 2024, with spending by shippers down 27.9% in Q1/24 compared with the same period in 2023 and down 16.8% compared to Q4/23. read more

MAY 3, 2024 - 6:53 am