PayNet Related Content

PayNet: Small Business Lending Rebounds in October Despite Headwinds

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

ELFA: Independents Finding Opportunity Despite COVID-19 Environment

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

ELFA Elects Members of 2021 Business Council Steering Committees

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

PayNet: Small Businesses Resilient Amid Heightened Uncertainty

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

ELFA Names New Board of Directors, Snow to Serve as Board Chair

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

PayNet: Small Business Lending Falls as Economic Recovery Slows

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

Rinaldi Advisory Services and Tom Ware Advisory Services Form Strategic Alliance

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

PayNet: Lending Rebound Continues, Main Street Remains at Risk

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

PayNet: June Lending Jumps as Small Businesses Look for Lifeline

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

Small Business Lending Index Up 1.9% M/M, Down 30% Y/Y

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

April Small Business Lending Index Craters as Firms Turn to PPP

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

PayNet Launches SME Lending Solution Under CARES Act

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

Ware Launches EF Consultancy Tom Ware Advisory Services

Tom Ware, an 18-year veteran of PayNet, has opened a new consulting firm focused on helping equipment finance companies and alternative lenders leverage data and analytics. read more

ELFF, Alta Group See New Financing Opportunities in Robotics

Increased robotics utilization among manufacturers and end-users will generate greater financing opportunities as robotics continue to change how business is conducted in the future, according to a new ELFF study. read more

Paynet: Main Street Lending Slows in December

PayNet's Small Business Lending Index decreased 9.7% on a monthly basis in December. Compared to its year-ago level, the index fell 7.0% — its first year-over-year decline since September 2017. read more

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