Covid-19 Related Content

Senate Passes $484B Bill to Aid Small Businesses, Hospitals

The Wall Street Journal reported that the Senate passed a $484 billion bill designed to deliver aid to small businesses and hospitals, with $320 billion allocated to replenish the Paycheck Protection Program. read more

IDS Introduces COVID-19 Portfolio Risk Visualizer

IDS released a new IDScloud service to see portfolio risk correlated with COVID-19 infection rates and the location of financed assets. read more

AACFB Moves 2020 Annual Conference to September

The AACFB has postponed its 2020 Annual Conference until September 1-3, 2020. The event will be hosted at the Marriott Wardman Park Hotel in Washington, D.C. read more

Ascentium Capital Q1/20 Volume Up 17.4% Y/Y

Ascentium Capital reported a first quarter 2020 funded volume of $366.5 million, representing a 17.4% increase and $2.4 billion in managed assets. read more

Tiger Group Issues COVID-19 Risk Assessment Guidance on Consumer Goods

Tiger Group’s Valuation Services Division has issued COVID-19 risk assessment guidance for asset-based lenders on a wide range of consumer goods categories. read more

ACT: March CV Data Transitional, Full COVID-19 Impact Not Visible in Data

Truck transportation showed relatively strong performance on restocking activity into the end of March, making ACT Research’s data largely transitional. read more

Key Takeaways from ELFA/ELFF Webinar: Coronavirus & the U.S. Economy

Five key takeaways from the ELFA/ELFF webinar, which discussed the U.S. economy and equipment finance industry during COVID-19. read more

Empower Equity Provides $2B in Critical Equipment Capital Funding During COVID-19

Empower Equity has broadened its portfolio with over $2 billion in funding for small to mid-sized organizations to upgrade essential building equipment. read more

Wells Fargo Q1/20 Net Income Down 88.9%, Revenue Down 18% Y/Y

Wells Fargo reported Q1/20 net income of $653 million, down 88.9% from net income of $5.9 billion in Q1/19. Revenue of $17.7 billion was down 18% from $21.6 billion year over year. read more

Cisco Capital Provides $2.5B in Financing to Support Business Resiliency

Cisco Capital commits $2.5 billion to a new business resiliency program to help organizations mitigate financial challenges resulting from COVID-19. read more

ACT: Preliminary Used Class 8 Volumes Contracted 8% M/M in March

Preliminary used Class 8 volumes contracted 8% month-over-month in March, according the latest preliminary report by ACT Research. read more

Survey: CFOs Say Normal Economic Activity Will Returns in Q3/20

Half of chief financial officers surveyed by CFO expect a "V-shaped" recovery or a return to normal economic activity in Q3/20. Despite this positive outlook, 35% indicated headcount reductions. read more

Gordon Brothers Launches COVID-19 Industry Brief

Gordon Brothers launched an Industry Brief, which provides an up-to-the-minute assessment of what the firm’s inventory, machinery and equipment, and intangibles experts see happening in multiple markets. read more

FASB Issues Lease Accounting Q&A, Postpones Roundtable During COVID-19

The Financial Accounting Standards Board staff issued a Q&A document to address stakeholder questions on the application of the lease accounting guidance for concessions related to COVID-19. read more

AICPA Commends IRS & Treasury for COVID-19 Tax Relief

The President & CEO of AICPA applauded the Treasury and Internal Revenue Service for extending all tax-related filing and payment deadlines due between April 1 and July 15. read more

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