Monitor Staff

In a move set to shake up the equipment finance landscape, Onset Financial has acquired Channel, forming one of the largest independent players in the industry. This isn’t just a financial transaction — it’s a strategic partnership built on shared... read more

April 15, 2025

With the start of a year that is expected to have less inflation, monetary easing and more economic growth, Mitsubishi HC Capital America has outlined six key predictions that are likely to play a significant role in shaping the equipment finance industry in 2025. read more

JAN 31, 2025 - 5:56 am

The Equipment Leasing and Finance Association (ELFA) unveiled its 2025 equipment finance industry predictions. These insights highlight the trends, challenges and opportunities shaping the industry in the year ahead. read more

JAN 16, 2025 - 5:58 am

Truepic, an enterprise solution for digital content authenticity, and Northteq have partnered to launch a next-generation solution that automates site inspections for equipment finance lenders. read more

DEC 19, 2024 - 5:51 am

As economic challenges and regulatory pressures tested the equipment finance industry in 2024, banks responded with bold strategies like embracing technology, honing in on specific markets and forging transformative partnerships. Discover how key players adapted, new entrants thrived and private credit funds reshaped the market in this comprehensive review of bank activity in equipment finance this year.... read more

Nov/Dec 2024

First Citizens Bank, within its equipment finance group, named Gina Downing as a vice president on its industrial team. Downing will be responsible for supporting clients and growing the value of lending and leasing portfolio. read more

DEC 4, 2024 - 5:55 am

If you chose a career in equipment finance sales because you did not want to spend your days analyzing financial statements, Scott Kiley has news for you: your likelihood of success in sales is directly related to possession and use of strong credit skills.... read more

Sept/Oct 2024

First Business Bank welcomed Lori McGowan to its subsidiary, First Business Specialty Finance, as vice president, equipment finance. read more

OCT 30, 2024 - 6:33 am

The equipment finance industry expanded to an estimated $1.34 trillion in 2023, with 82% of end-users using some form of financing to fund their equipment and software (E&S) acquisitions, according to the Equipment Leasing & Finance Foundation. read more

OCT 29, 2024 - 6:15 am

Stonebriar Commercial Finance closed a seven-year CAD $88 (USD $63.3) million equipment financing facility to Heavy Metal Equipment & Rentals (HME), facilitating the acquisition of (10) CAT 797 ultra-class haul trucks. read more

OCT 28, 2024 - 6:57 am

From August to September, demand for equipment picked up and bank lending drove new business growth, according to the Equipment Leasing and Finance Association (ELFA). read more

OCT 24, 2024 - 6:16 am

SouthState Bank is scaling its equipment finance division through an agreement with LTi Technology Solutions and JDR Solutions, which is aimed at enhancing portfolio management and streamlining operations. read more

OCT 24, 2024 - 6:13 am

Utica Equipment Finance completed a portfolio acquisition of equipment finance transactions valued at approximately $10 million. This acquisition enhances UEF’s portfolio of asset-based financing, further supporting its growth strategy. read more

OCT 7, 2024 - 6:11 am

Plug Power, a global company in hydrogen solutions for the green hydrogen economy, established an equipment leasing platform intended to enable Plug to provide equipment financing solutions to its customers to support equipment sales growth. read more

SEP 20, 2024 - 5:55 am

Brianna Wilson, Rita Garwood

The Federal Reserve announced an interest rate decrease of 50 basis points, its first rate cut in over four years. In a statement, the Fed noted that the rate of inflation has declined and that the committee will continue to... read more

September 2024