Today’s News

Monitor Launches New COVID-19 Discussion Forum

Monitor has launched a new COVID-19 discussion forum for the equipment finance industry to discuss the topics relating to the impact of the coronavirus on the industry. read more

ELFA Releases Informational Video on COVID-19 Relief for Small Businesses

The Equipment Leasing and Finance Association released a new video interview on important components of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. read more

Stonebriar Promotes Ellis, Hires Karas

Stonebriar Commercial Finance promoted Ryan Ellis to vice president, head of the Real Estate Group (REG). Brandon Karas joined the company as senior counsel. read more

Evidence of COVID-19 Apparent in March Commercial Vehicle Orders

Preliminary NA Class 8 net orders in March were down 45% from February and 51% lower year over year. March’s Classes 5-7 net orders were down 36% from February and 31% from year-ago levels. read more

CIT Provides Financing for Healthcare Worker Masks

CIT Group provided financing for Aria Designs to procure millions of advanced N95 surgical masks that protect medical professionals battling the COVID-19 pandemic. read more

Santander Vet Sudaj Joins Invigors EMEA

Tomasz Sudaj joined asset finance consulting and services firm Invigors EMEA, the European arm of The Alta Group. read more

BofA Agents $400MM Ryder Term Loan

Ryder System entered into a new 364-day unsecured syndicated term loan totaling $400 million with a syndicate of eight large financial institutions led by Bank of America as administrative agent. read more

ACT Research Indicates COVID-19 Impacting CV Markets

ACT Research’s Transportation Digest reported that key truck transportation metrics of January and February data may show a global supply chain disruption that took place initially in China. read more

FDATA Requests Digital Records be Allowed for Paycheck Protection Program

FDATA requested that borrowers and lenders be able to use digital financial records to qualify for the Paycheck Protection Program established by Congress as part of the COVID-19 stimulus package. read more

Monitor Free COVID-19 Livestream Open for Registration

Monitor Live+, a free virtual event to be held on April 16 focused on the disruption of customers and how the Equipment Finance industry is responding, is now open for registration. read more

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Terry Mulreany
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