Chesswood Group expanded its equipment finance footprint in the U.S. with the launch of Tandem Finance, a provider of financing for equipment purchases to small and medium sized businesses of all credit profiles. read more

MAR 21, 2019 - 7:00 am

Commercial equipment finance provider Chesswood Group reported its results for the fourth quarter and year ended December 31, 2018. Finance receivables exceeded $900 million for the first time. read more

MAR 14, 2019 - 6:45 am

Chesswood Group’s largest subsidiary, Pawnee Leasing, closed a $250 million warehouse facility to fund its growing prime portfolio. read more

AUG 20, 2018 - 7:07 am

Chesswood reported gross finance receivables grew to C$804 million ($611.5 million) in Q2/18 driven by record originations of C$114 million ($86.7 million), a 31% increase from C$87 million ($66.2 million) in Q2/17. read more

AUG 13, 2018 - 1:26 pm

Chesswood Group reported net income of $5.9 million in Q1/18, which was up more than 25% compared to $4.7 million a year earlier. Q1/18 originations were a record $94 million, up 19% compared to $79 million in Q1/17. read more

MAY 10, 2018 - 7:50 am

In addition to benefiting from a $9.4 million tax recovery, Chesswood Group announced it enjoyed a record year by most financial measures including originations, total portfolio size, finance margin and operating income. read more

MAR 13, 2018 - 6:17 am

Chesswood Group renewed its $250 million corporate revolving credit facility for a term of three years, expiring in December 2020. read more

MAR 6, 2018 - 6:06 am

Chesswood renewed its $250 million revolver for a term of three years and will redeem all $20 million of its outstanding debentures in January 2018. read more

DEC 13, 2017 - 6:34 am

Chesswood Group reported Q3/17 operating earnings of $6.7 million compared to $7.2 million during the same quarter a year ago. read more

NOV 9, 2017 - 6:20 am

Chesswood Group’s largest subsidiary, Pawnee Leasing, closed a new $75 million non-recourse asset backed facility with Capital One through its Pawnee Receivable Fund I LLC. read more

OCT 16, 2017 - 8:20 am

Chesswood Group exercised the remaining $50 million accordion feature in its existing revolver to support continued growth in its Pawnee Leasing portfolio. read more

AUG 30, 2017 - 7:16 am

Chesswood Group, with equipment finance businesses that include Pawnee Leasing and BlueChip Leasing, increased its revolving credit facility to $170 million with a lender group led by Royal Bank of Canada. read more

DEC 1, 2016 - 6:22 am

Chesswood Group will discontinue operations of Windset Capital, its U.S. working capital loan subsidiary, effective September 26, 2016, in order to focus solely on equipment finance. read more

SEP 20, 2016 - 7:06 am

Chesswood Group announced Q1/16 net income was $12.2 million, up $8.7 million from $3.5 million in Q1/15. Chesswood said the first quarter was most notable for strong originations. read more

MAY 13, 2016 - 7:20 am

Blue Chip Leasing appointed Jenifer Cua chief financial officer and also named Marcelle Newstadt and Ramon Chait co-presidents. read more

APR 8, 2016 - 7:07 am