Today’s News

Snap-on Financial Services Earns 5.5% Increase in Q2 Revenue

Snap-on reported financial services revenue in Q2/18 of $82.0 million, which marked a 5.5% increase compared to Q2/17. read more

JUL 19, 2018 - 2:24 pm

Wintrust Financial Reports Growth of $1B in Q2/18 Total Assets

According to Wintrust Financial’s Q2/18 earnings report, total assets increased by $1.0 billion from the prior quarter and now total roughly $29.5 billion. read more

JUL 19, 2018 - 1:59 pm

Fleet Advantage Estimates $27K in Savings from New Truck Procurement

According to Fleet Advantage, transportation companies can realize a first-year savings of $26,687 when upgrading from a 2012 sleeper model-year truck to a 2019 model. read more

JUL 19, 2018 - 1:56 pm

Liberty Commercial Finance Relocates Corporate HQ

Independent equipment finance provider Liberty Commercial Finance opened a new corporate headquarters in Tustin, CA. read more

JUL 19, 2018 - 1:54 pm

CIT Northbridge Arranges $17MM Credit Facility for Walker Zanger

CIT Group’s joint venture financing unit CIT Northbridge Credit served as sole lead arranger on a $17 million senior secured revolving and term loan credit facility for Walker Zanger. read more

JUL 19, 2018 - 1:52 pm

BB&T Reports 6.3% Annualized Growth in C&I Loans

BB&T Financial Services and Commercial Finance, which includes BB&T’s equipment finance product, reported net income of $145 million for Q2/18, an increase of $11 million compared to the earlier quarter. read more

JUL 19, 2018 - 1:50 pm

CWB Franchise Finance Provides Financing for Ricky’s Group Acquisition

CWB Franchise Finance provided a term loan facility to Ricky’s Family Restaurants for the acquisition of the Famoso Neapolitan Pizzeria chain. read more

JUL 19, 2018 - 1:48 pm

United Rentals Reports 19.3% Increase in Q2/18 Rental Revenue

United Rentals reported a 19.3% year over year increase in rental revenue during Q2/18. read more

JUL 19, 2018 - 1:46 pm

Equipment Leasing and Finance Industry Confidence Eases in July

According to the Equipment Leasing & Finance Foundation’s July 2018 Monthly Confidence Index for the Equipment Finance Industry, overall confidence in the equipment finance market is 62.8 in July, easing from the June index of 66.2. read more

JUL 19, 2018 - 6:51 am

CIT Integrates FlexAbility Solution with ECi’s E-Automate Software

CIT Group announced the integration of its FlexAbility solution with ECi's e-automate software product. read more

JUL 19, 2018 - 6:48 am

Editor's Picks

Allow Me to Introduce Myself: Investors Bank Jumps into Equipment Finance

Phil Neuffer

May/June 2018

If you’re reading this, you’re probably at least tangentially involved with the equipment finance industry. While Investors Bank might not be an entity you are overly familiar with, the Short Hills, NJ-based bank is out to change that. Founded in... read more

Innovation Finance: Verhelle Designs a Disruptive Model Built on Trust, Purpose & Humility

Rita E. Garwood

May/June 2018

Bill Verhelle was having dinner with a friend in Naples, FL in late 2017 when inspiration struck. “We were talking about life and happiness,” Verhelle says. “I shared how fortunate I felt that I’d been in both my work and... read more

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Recent Opinion

Invest in Your Company, Not Depreciable Assets

Tom Toton, Vice President, Financial Services, AmeriQuest Transportation Services

May 2018

While some assets depreciate, others do not. Tom Toton of Corcentric (formerly AmeriQuest Business Services) explains why it makes more sense to add to your sales team and become asset light rather than putting equity into depreciable assets.

Examining Sales Commission Plans and Pricing

Scott Thacker, CEO, Ivory Consulting

January 2018

Ivory Consulting’s CEO Scott Thacker provides advice and counsel to equipment lessors and lenders on ways to improve customer satisfaction, enhance employee engagement and increase shareholder value using modeling and pricing techniques.

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