Today’s News

ECN Capital Sells 55% of Existing Rail Portfolio to Trinity Affiliates

ECN Capital entered into a agreement to sell railcar assets to affiliates of Trinity Industries Leasing for proceeds of $360 million. read more

Stonebriar Closes $23MM Equipment Lease with Equipment Rental Company

Stonebriar Commercial Finance closed a $23 million equipment lease with a privately held market leader in the industrial equipment rental business. read more

U.S. Bank Launches Digital Small Business Lending

U.S. Bank has created a new, fully digital option for small businesses to apply for and receive a loan or line of credit. Single owner businesses can quality for up to $250,000 through the all-digital process. read more

Record Attendance at AACFB Commercial Financing Expo

The American Association of Commercial Finance Brokers (AACFB) Commercial Financing Expo achieved record attendance and provided brokers a unique opportunity to connect to a wide variety of funding sources. read more

Crestmark Provides More than $35MM in Financing in H1/September

Crestmark provided more than $35 million in financing across four different divisions in the first half of September 2018. read more

Virgo Investment Group Partners with ex-CIT Aerospace Execs to Expand Aviation Business

Virgo Investment Group is expanding its aviation business via Zephyrus Aviation Capital. Several former CIT Aerospace executives have partnered with Virgo to transform Zephyrus into a full-service platform, and the company is completing a large portfolio acquisition. read more

L1 Treasury, Airborne Commit $250MM to Launch AltitudeOne Aviation

L1 Treasury and Airborne Capital launched AltitudeOne Aviation with plans to acquire a portfolio of leased in-production narrow body and wide body commercial aircraft. read more

ACT: Trucking Industry Responds to Strong Demand by Adding Capacity

The latest release of ACT’s For Hire Trucking Index show ‘gradual balancing taking place as the industry responds to strong demand by adding capacity.” read more

ACT Research: NA Class 8 Net Orders Soared to New Heights-Again

NA Class 8 net orders totaled 53,069 units in August, marking the sixth time in eight months in which industry orders cracked 40,000 units and another record-setting month, according to ACT Research. read more

Crossroads Appoints Kachidurian EVP/Business Development

Jim Kachidurian joined Crossroads Equipment Lease and Finance as executive vice president – Business Development. He will report to Howard Shiebler, president of Crossroads. read more

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