Tandem Finance Related Content

Chesswood and Wafra Partner to Invest in Equipment Finance Leases

Chesswood Group formed a joint venture partnership with Wafra to invest in equipment finance leases and loans originated by Chesswood subsidiaries Pawnee Leasing and Tandem Finance, targeting up to $1 billion in total acquisitions. read more

Tandem Finance Increases Funding by 58% Y/Y in 2022, Expands BD and PM Teams

In 2022, Tandem Finance completed more than $333 million in small-ticket equipment finance funding, yielding year-over-year growth of 58%. read more

Tandem Finance Partners with LilyPad EV for EV Charging Station Financing

LilyPad EV, an electric vehicle charging station provider for commercial businesses, is collaborating with Tandem Finance to streamline the financing process for auto dealerships and all small and medium-sized companies wanting to install EV charging station infrastructure. read more

Chesswood Reports Increases in Equipment Finance Segment Revenue for 2021

Chesswood Group reported that its U.S equipment finance segment increased interest revenue on leases and loans by $2.7 million in 2021 compared with 2020. In addition, its Canadian equipment financing segment generated a year-over-year increase in revenue of $17.6 million. read more

Tandem Finance Enters Franchise Finance Arrangement with American Family Care

Using its newly launched Fund Your Franchise initiative, Tandem Finance is partnering with American Family Care to provide financing to current and expanding American Family Care franchise units in the urgent care services market. read more

Tandem Finance to Provide Financing Services to SANY America’s Dealer Partners

Tandem Finance is partnering with SANY America, a construction equipment manufacturer, to provide financing services to its dealer partner network. read more

Chesswood’s U.S. Equipment Finance Businesses Increase Interest Revenue in Q3/21

Chesswood Group’s U.S. equipment finance segment (Pawnee Leasing and Tandem Finance) reported interest revenue on leases and loans of $24.3 million and ancillary and other income of $3.1 million, a total increase of $3.6 million period over period. read more

Tandem Finance Promotes Clements to VP of Vendor Program Management

Tandem Finance promoted Linda Clements to vice president of vendor program management. In this role, Clements will assume executive leadership responsibility for Tandem Finance’s vendor service area. read more

Tandem Finance Promotes Bardwell to VP and GM of Transportation and Construction

Tandem Finance promoted Mike Bardwell to vice president and general manager of its transportation and construction segments. read more

Tandem Finance Promotes Murphy to VP and General Manager of Diversified Segments

Tandem Finance promoted Martin Murphy to vice president and general manager of diversified segments. Murphy will manage business development for diversified segments and sales personnel. Murphy originally joined Tandem Finance in February of 2019. read more

Tandem Finance Adds Allen to Lead Franchise Segment as Brand Ambassador

Megan Allen joined Tandem Finance as brand ambassador to the franchise market. Allen will lead Tandem’s efforts to support the franchise industry and guide a future company launch, which will create custom programs for franchisors and their growth needs. read more

Tandem Finance Grows 210% Y/Y, Adds Transportation Finance Team

Tandem Finance, a small-ticket, independent, equipment finance and lease company grew 210% during 2020 with the addition of a transportation finance team led by Mike Bardwell as well as an increase in business development, sales and vendor employees. read more

Chesswood Reports Decline in Lease Modifications, Resumes Dividend Program

In Chesswood Group’s Q3/20 earnings report, Ryan Marr, president and CEO of the company, said that lease modifications declined in the quarter and that the company expects to resume paying dividends starting in November. read more

Chesswood Reports Decline in COVID-19 Related Deferrals at End of Q2

Chesswood Group, a North American commercial equipment finance provider for small and medium-sized businesses, reported its Q2/20 results and provided a COVID-19 update, noting that COVID-19 related deferrals declined and 66% of the company’s portfolio is made up of prime credits. read more

Chesswood COVID-19 Update: June Collections Up, Bank Facility Amended

Chesswood Group provided an update on the effects of COVID-19 on its business and banking activities. read more

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Terry Mulreany
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