Top 10 Equipment Financing Trends for 2023 See Economic Headwinds
According to the Equipment Leasing and Finance Association, real private investment by U.S. businesses in equipment and software is forecast to be more than $2 trillion in 2023, with a substantial amount of that investment activity financed. It’s one of the many trends to impact a significant portion of the U.S. economy for the new year.
February 3, 2023SunTrust Extends $16 Million Loan to Tribe Transportation
SunTrust Banks Inc. will serve as the sole lender of a $16 million deal to support the growth of Tribe Transportation, a Native American, female-owned transportation enterprise in Gainesville, Ga.
November 25, 2019Does Your Banking Partner Have These 8 Attributes?
Banks are eager to compete for your business. These eight must-have attributes will help you evaluate and choose a partner that’s dedicated to providing you with the capital, relationships and technology your business needs to keep growing and thriving.
July 2, 2019Pitstop Raises $1.5 Million, Partners With Continental
Pitstop, a Toronto prognostics platform for predicting vehicle failures, has received $1.5 million in seed financing, led by Toronto-based venture capital fund Ripple Venture, according to a news release.
May 31, 2019OnDeck to Offer Equipment Finance Loans
OnDeck, an online lender for small businesses, has announced that it will begin offering equipment finance loans in 2019.
January 7, 2019Freedom Truck Finance Enters Agreement With Deutsche Bank
Freedom Truck Finance, a Dallas-based secondary truck and trailer finance company, has entered into a $200 million senior secured credit facility with Deutsche Bank. The proceeds were used to repay the company’s existing senior revolving credit facility and also will be used to fund new portfolio growth, according to a Nov. 21 press release.
November 28, 2018N.J. Bank Acquires California-based Fleet Financing Resources
New Jersey-based Marlin Business Services Corp. said it acquired Fleet Financing Resources, a specialty lender focused on financing transportation equipment based in Riverside, Calif.
October 9, 2018Boxwheel Trailer Leasing Secures Equipment Financing
Recently formed Boxwheel Trailer Leasing announced it has received a significant capital investment from Crosstimbers Capital Group.
April 30, 2018Truck Credit Becoming Easier as More Banks Lend, Fleets Say
Obtaining financing for truck purchases is becoming easier, with more banks returning to a market that had been dominated by manufacturers’ finance arms, according to several lenders and fleet executives.
July 8, 2013More Lenders Turn to Trucking as Housing Market Remains Weak
The housing market crash apparently has had at least one silver lining for trucking: It has brought more lenders into the truck financing market.
August 29, 2011