Bill Phelan, one of the co-founders of PayNet and current senior vice president and general manager at Equifax, announced on LinkedIn that he will be retiring from the company to “pursue new ventures.” read more

JAN 16, 2024 - 7:31 am

Xactus, a provider of business data and intelligent insights to the equipment leasing/finance industry, is now offering credit reports from PayNet, powered by Equifax. read more

SEP 14, 2023 - 7:12 am

The internet was in its infancy when Bill Phelan introduced the equipment leasing industry to PayNet. Through various business cycles and an acquisition by Equifax, Phelan has continued to lead the organization as it transformed from a startup to a trusted source of information. ... read more

In October, the PayNet Small Business Lending Index increased 2.5 points to 147.3, although that was 0.9% below last year’s October level. While the SBLI rose moderately again in October, preliminary November data suggests challenges ahead as COVID-19 cases rise once again. read more

DEC 7, 2020 - 7:52 am

A majority of participants polled during a session presented at ELFA 2020 Business LIVE! said that independents will gain market share over banks and captives in 2021. Where they are finding opportunities and how they pursue deals were among the topics of an event session. read more

NOV 25, 2020 - 6:47 am

The Equipment Leasing and Finance Association revealed the results of its business council steering committee elections, naming the members of the five committees representing key business sectors of the association membership. read more

NOV 24, 2020 - 7:14 am

In September, the PayNet Small Business Lending Index increased 12 points (9.1%) to 143.9 and is now 2.9% above its year-ago level. On Main Street, the NFIB Uncertainty Index increased to its second-highest reading in the series’ 46-year history. read more

NOV 5, 2020 - 7:12 am

The Equipment Leasing and Finance Association named its new board of directors, with Kristine A. Snow, president of Cisco System Capital, as the association’s new board chair and Michael DiCecco, president of Huntington Equipment Finance, as its new chair-elect. read more

OCT 28, 2020 - 7:48 am

In August, the PayNet Small Business Lending Index declined for the first time since April, falling 13.5 points (-9.1%) to 134.7 and 5.5% below its year-ago level. read more

OCT 8, 2020 - 7:22 am

Rinaldi Advisory Services and Tom Ware Advisory Services formed an alliance to provide expertise in a range of functional areas within commercial equipment finance. read more

SEP 29, 2020 - 7:08 am

The PayNet Small Business Lending Index continued to bounce back in July after bottoming out in April, but the PayNet Small Business Delinquency Index 31–90 Days Past Due remains 55 basis points above its year-ago level. read more

SEP 9, 2020 - 7:32 am

The PayNet Small Business Lending Index recovered in June, increasing 16 points to 132.1, and is now just 3.7% below its year-ago level. The SBLI three-month moving average increased 2.9% but remains 20.9% below its level from June of last year. read more

AUG 5, 2020 - 7:21 am

The PayNet Small Business Lending Index stemmed its freefall in May, ticking up 2.1 points to 111.4, but it is still nearly 30% below its year-ago level. read more

JUL 8, 2020 - 6:53 am

The PayNet Small Business Lending Index fell 14.4 points, or 11.8%, to 107.4 in April and is now 32% below its year-ago level, potentially suggesting that small businesses are substituting traditional lending with Paycheck Protection Program loans. read more

JUN 17, 2020 - 7:25 am

PayNet launched the P3 Data Pack, a new platform to help lenders expedite Paycheck Protection Program loans to small businesses. read more

APR 28, 2020 - 6:48 am