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PayNet: Mini Wake-Up Call for U.S. Small Business Lending at Q3 End

While small business lending remains healthy, subtle signs point to increasing credit risk, according to the latest Quarterly Credit Outlook from PayNet. read more

CIT Reveals New Brand Identity; Direct Capital Brand to be Retired

CIT Group revealed a simplified and refreshed brand identity aimed at presenting a more cohesive market presence following a multi-year transformation of the company. Direct Capital will become CIT. read more

Stonebriar Launches Sponsor Finance Platform; GE Vet Gay to Lead

Stonebriar Commercial Finance announced the formation of its new Sponsor Finance platform, which will be led by highly regarded industry veteran, Michael Gay, as executive vice president and senior managing director. read more

JPMorgan Chase Launches Franchise & Restaurant Group; Wells Vet to Lead

JPMorgan Chase's Commercial Bank announced the launch of a franchise and restaurant group within its middle market banking and specialized industries business. read more

CIT Names Managing Director to Lead Maritime Finance Business

CIT Group named Evan Cohen as managing director and group head for its Maritime Finance business. read more

Bombardier to Cut 5,000 Jobs, Sell Turboprop Business

Bloomberg reported that Bombardier cash-flow forecasts are dismal. The aircraft manufacturer announced plans to cut 5,000 jobs and sell its turboprop and training businesses. read more

ELFA Announces 2019 Business Council Steering Committees

The Equipment Leasing and Finance Association announced the results of the association’s September 2018 Business Council Steering Committee elections. read more

Wells Fargo Vendor Services Extends Hyster-Yale Program Agreement

Wells Fargo announced the extension of its joint venture vendorfinancing relationship with Hyster-Yale Group through 2023. read more

Bank of the West Vet Evans Joins Verdant to Lead Business Development

Verdant Commercial Capital hired John Evans to initiate business development efforts across the key verticals of Specialty Vehicle, Construction, Technology, Industrial and Office Solutions. read more

LEAF Powers JLG Financial Retail Equipment Financing Program

LEAF Commercial Capital will provide a new JLG Financial retail equipment financing program for JLG Industries, a global manufacturer of aerial work platforms and telehandlers. read more

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Terry Mulreany
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