May 01, 2019: New business volume in the equipment finance sector remains subdued according to the latest data from the Equipment Leasing and Finance Association (ELFA). Its monthly leasing and finance index (MLFI-25) suggests March’s performance was 10% lower ...

 

Apr 15, 2019: A first report on how private companies are prepared for the new lease accounting standards that come into use in January 2020 suggests many have significant work remaining to meet the new requirements. The research study of 350 finance and accoun...

 

Apr 15, 2019: Neumann Finance and Beneficial Equipment Finance have combined forces to create NewLane Finance, a new equipment finance supplier. The new company will be backed by WSFS Bank, a financial institution with approximately $13 billion in assets and th...

 

Apr 15, 2019: Equipment and software investment growth in the US is likely to slow during 2019, according to the Equipment Leasing and Finance Foundation. Predicted growth of 4.5% is an improvement on original forecasts, but below expectations for the same peri...

 

Apr 15, 2019: CIT Group has completed a third round of financing for an innovative battery-based energy storage project to boost renewable energy use in Southern California. This latest financing agreement for Macquarie's Green Investment Group follows two earl...

 

Apr 09, 2019: Fintech company TimePayment has acquired LeaseQ, the online equipment financing marketplace, for an undisclosed sum. The deal will provide expanded funding capabilities to TimePayment’s vendor business unit. Founded in 2011, LeaseQ was the first ...

 

Apr 08, 2019: Western Alliance Bank has launched Western Alliance Equipment Finance, its newest national specialty banking group. It will target the $1 trillion equipment financing sector with capital equipment financing solutions for companies throughout the U...

 

Apr 08, 2019: The US equipment finance sector has reported a sharp drop in new business volume in February, which was 24% lower year-over-year at $5.9 billion and 18% down month-to-month. The figures are contained in the latest monthly leasing and finance index...

 

Mar 27, 2019: Pitney Bowes, a global provider of ecommerce solutions covering shipping, mailing, finance, and data, has launched a new finance company called Wheeler Financial. Wheeler Financial will help clients purchase new equipment and services with loans, ...

 

Mar 27, 2019: Utica Leaseco, a provider of customized asset-based equipment financing solutions, has formed an affiliate company, Utica Equipment Finance. The equipment finance company will offer equipment-based term loans and leases to companies throughout Nor...