Coronavirus Related Content

Pandemic Planning: Muddy Waters or New Waves for Equipment Finance?

The coronavirus COVID-19 outbreak has shown us how rapidly pandemics can alter public health and global markets. How quickly we recover from these events depends in large part on collaboration from every sector, including the equipment leasing and finance industry. ... read more

Survey: 90% of Small Business Owners Impacted by Coronavirus

The coronavirus is impairing the livelihoods of 90% of small business owners across the U.S. and Canada, with more than one-third reporting they have only a couple of weeks of cash to sustain them, according to a recent survey. read more

ELFA Issues Coronavirus Update: Questions and Answers

ELFA President and CEO Ralph Petta released a new COVID-19 Frequently Asked Questions document regarding key association programs. read more

Hilco: Strategies for Lenders with Retail Market Portfolio Exposure

Hilco Global has issued a series of strategic recommendations to assist lenders with current portfolio exposure in the retail market to take action during the near-term fallout of the current COVID-19 pandemic. read more

Moody’s Shifts Aerospace and Global Defense Outlook to Negative

Moody’s has adjusted its outlook of the aerospace and global defense sector to negative as coronavirus-driven groundings set to hit aircraft deliveries. read more

WSJ: U.S. Airlines Discuss Potential Shutdown

The Wall Street Journal reported that U.S. airlines are planning to voluntarily shutdown most domestic passenger flights, according to officials from the industry and government. read more

Regulators Offer Guidance for Troubled Debt Restructurings

The Fed, FDIC, NCUA, OCC, CFPB and state banking regulators issued an interagency statement for financial institutions working with borrowers affected by the coronavirus. FASB concurs with the approach. read more

North Star Leasing Offers Deferred Payment Plan to Customers

North Star Leasing offered a deferred payment plan to 3,800 customers in response to the Coronavirus (COVID-19) outbreak. read more

Customers Bank Supports SBA Disaster Relief Lending

The Small Business Administration will provide up to $2 million in disaster recovery loans to companies severely affected by the Coronavirus. read more

Monitor to Launch Podcast Featuring Board Commentary on Coronavirus Impact

Monitor will launch a new podcast featuring commentary from its board members offering differing viewpoints on the evolving impact of the coronavirus. read more

ELFA Cancels & Postpones April Events Due to Coronavirus Threat

ELFA changed its April event schedule in response to the COVID-19 situation, canceling its National Funding Conference, Best Practices Roundtable and Emerging Talent Networking Event and postponing its Women’s Leadership Forum. read more

COVID-19 ‘Undermines Expectations’ for North American Commercial Vehicle Markets

The global spread of the novel coronavirus, COVID-19, required ACT Research to do a foundational reassessment of near-term economic expectations, and by extension, North American commercial vehicle demand. read more

KBRA: COVID-19 Impact on the Global Aviation Industry Expanding

Kroll Bond Rating Agency (KBRA) is examining the widening impact of the new coronavirus (COVID-19) on travel-related industries, with commercial aviation poised to be one of the hardest hit sectors. read more

ELFA Issues Coronavirus Update

The ELFA issued a statement to its members regarding the Coronavirus. read more

Will the coronavirus impact your borrowers?

Do not underestimate the impact of the coronavirus on a company’s Q1 and Q2 2020 financial results. ... read more

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