Last Week’s Top Stories

GE to Ground Corporate Fleet of Jets

Fox Business News reported that General Electric is cutting its spending on operations including the grounding of its corporate fleet of jets. read more

Madison Capital Opens WA Office, Hires New VP of Business Development

Madison Capital, a provider of equipment and commercial vehicle lease and loan finance services, added Kevin Cunningham as vice president of Business Development for the Pacific Northwest. read more

First National Provides $21.7MM in Construction Equipment Financing

First National Capital financed $21.7 million in construction equipment and crane acquisitions for an alternative energy construction company in the U.S. read more

Element Fleet Management Sells 100% of Rail Notes

Element Fleet Management sold $23 million of Element Rail Leasing II LLP 2016-1 Class B notes for an amount exceeding the current book value of the notes. read more

Constellation Financing Systems Acquires Vision Commerce

Constellation Financing Systems, a provider of software solutions for equipment and commercial finance companies, acquired the business of Vision Commerce. read more

Equipment Leasing Industry Confidence Eases Slightly in September

According to the ELFF’s September 2017 Monthly Confidence Index for the Equipment Finance Industry, confidence in the equipment finance market is 63.7, easing from the August index of 64.4. read more

Amur Equipment Finance Opens New Hampshire Office

Amur Equipment Finance opened a new office in Dover, NH as part of the company’s nationwide expansion. Jason Durgin, vice president of sales, will oversee the office with Dan Marquette, team sales manager. read more

Key EF Canada COO Named Chairman of the CFLA

Richard McAuliffe, senior vice president and chief operating officer of Key Equipment Finance Canada, was named chairman of the board of directors of the CFLA. read more

CG Commercial Finance Adds Hires in Originations and Fulfillment

Laurie Funston and Christina Manall joined CG Commercial Finance’s Affiliate originations team. Funston will develop broker/lessor relationships in the western U.S. and Manall will develop new vendor relationships. read more

First Tennessee Franchise Finance Releases 2017 Restaurant Review

According to First Tennessee’s Franchise Finance 2017 Restaurant Review, chicken and snack chains outperformed all other segments in year-over-year comparisons. read more

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