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
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
As illustrated throughout the magazine this issue, Monitor is celebrating the women who work with and in the equipment finance industry. But for all of the advancement that’s occurred in the last few decades as more and more women have... read more
Chapter 11 of the Bankruptcy Code remains the go-to for businesses (and certain individuals) seeking to reorganize while retaining control of their assets and operations as “debtors-in-possession.” But consistently low percentages of Chapter 11 cases result in successful reorganization. Critics... read more
COVID-19 has presented the asset inspection space with a unique set of new and unfamiliar problems: the need to collect accurate data quickly, but without the use of traditional face to face methods. Cort Brady shares how Aspen Field Services has become creative with solutions for conducting collateral inspections, business verifications, and inventory audits amidst a climate of social distancing.
Patrick Gaskins, Vice President of Financial Services, Corcentric Capital Equipment Solutions
The first step in developing a long-term equipment financing strategy is to identify all of the fixed and variable costs associated with operating your current fleet. Patrick Gaskins of Corcentric recommends developing a spend analysis to identify current and future potential purchases.