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Breaking News covers a broad range of subjects examining the latest trends and technologies driving the equipment lease finance markets.

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U.S. business borrowing for equipment falls 1 percent in December: ELFA
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The companies signed up for $12.7 billion in new loans, leases and lines of credit last month, down from $12.8 billion a year earlier.
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CIT Bank Renews Partnership with a New Grant for First-Time Homebuyer Assistance
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The first bank to partner with Los Angeles by granting direct down payment assistance for lower income first-time homebuyers provides a second $400,000
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Pacific Rim Capital 49% stake acquired by Fuyo General Lease
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PRC is a leading independent leasing company that primarily conducts operating leases of material handling equipment in the USA, Mexico and Canada.
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CIT Declares Common Dividend
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CIT Group Inc. (NYSE: CIT) today announced that its board of directors has declared a quarterly cash dividend of $0.25 per common share on its outstanding common stock.
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The Alta Group Initiates Japanese Investment in U.S. Equipment Leasing Company
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The Alta Group recently played a key role in a significant investment by Fuyo General Lease Co., Ltd. (FGL) in Pacific Rim Capital, Inc. (PRC).
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Grant Thornton launches LeaseCom Analytics
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LCA combines advanced analytics and machine learning to automate the process of maintaining a complete, accurate picture of a company’s lease portfolio.
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CFOs Uncover Surprise Savings as They Implement New Lease-Accounting Rules - WSJ
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As finance executives analyze thousands of lease contracts to comply with new rules, they’re rewarded with potential savings
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Massage Envy Chooses Ascentium Capital to Provide Franchisees With aStrategic Finance Program
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Ascentium Capital’s finance program will offer affordable monthly payments, deferred structures and other payment options.
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F.N.B. Corporation Reports Fourth Quarter and Full Year 2018 Earnings per Share of $0.30 and $1.12, Respectively
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Full Year 2018 Earnings per Share Increases 78%
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GATX Corporation Reports 2018 Fourth-Quarter and Full-Year Results
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While we saw broad increases in market lease rates in 2018, revenue was still pressured as the renewal lease rate change for GATX’s Lease Price Index was negative 9.8% for the year.
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Huntington Bank Chief Credit Officer Dan Neumeyer Announces Plan to Retire
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Neumeyer joined Huntington in 2009 and has been instrumental in leading its credit organization, including credit policy and portfolio risk management as well as credit approval.
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Stonebriar Closes $81.6 Million, Multi-tranche Term Loan Led by the Land Transport Division of DVB Bank SE
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The Facility provides Stonebriar with two tranches of 364-day committed funding for a portion of Stonebriar’s railcar portfolio.
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Peapack-Gladstone Financial Corp. announced several new executive additions to its firm
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Mattaliano will be responsible for the evaluation and due diligence of new and existing equipment finance and leasing clients and preparation of loan proposals.
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SBOA Teams With Lease Corp. of America to Offer Self-Storage Equipment Financing
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Storage Business Owners Alliance LLC (SBOA), a buying group for the U.S. self-storage industry, has partnered with Lease Corp. of America (LCA)...
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Priority One’s Growing Equipment Finance Division Increases Staff
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Priority One Financial Services, Inc., the industry’s oldest and largest F&I outsourcing provider, adds Kristopher (Kris) Dobrowski and Mark Schiller to its equipment finance division.
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Corporations increasingly seen defaulting on debt – survey
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...according to a quarterly survey by the International Association of Credit Portfolio Managers.
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People's United Bank Acquires VAR Technology Finance, an Industry-Leading Equipment Finance Company
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Headquartered in Mesquite, TX, VAR Technology Finance will become a division of People's United's operating subsidiary, LEAF Commercial Capital, Inc. ("LEAF").
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Onset Financial Moves to New Campus to Accommodate Growth
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Onset Financial’s campus is complete. Employees will start 2019 in an all-new state-of-the-art 55-thousand square foot office space and campus.
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LeaseAccelerator and Armanino Launch Joint Lease Accounting Solution
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Alliance to help Public, Private, and Non-Profits Accelerate Adoption of New GAAP Standards
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GE headed lower because key aviation business is worth less than believed, analyst says
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Gordon Haskett’s John Inch does “not believe that GECAS would fetch anywhere close to the book value of its assets
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First Midwest Bancorp Completes Acquisition of Northern Oak Wealth Management
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...Northern Oak Wealth Management, Inc. ("Northern Oak"), a Milwaukee-based registered investment adviser with approximately $800 million of assets.
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Equipment Leasing and Finance Industry Confidence Eases Further in January
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The overall MCI-EFI is 53.4, a decrease from 55.5 in December.
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Alternative small business finance provider Capify secures £75 million credit facility from Goldman Sachs
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Capify, a leading alternative small business finance provider in the UK and Australia
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New Solution From Bloomberg Tax Addresses Accounting Compliance Challenges
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Accounting Portfolios incorporate expert-written analysis on more than 80 topics, including lease accounting standards, credit losses, revenue ...
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Industry Events - 2019
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Summit Funding Group
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Summit Funding

Since our inception in 1993, Summit Funding Group, Inc. has amassed a high performing portfolio in excess of $3 billion in equipment lease and finance originations and a history of working with companies of all sizes and most industries.

Richard Ross - 513.489.1222
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Optimal Leasing LLC
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Optimal Leasing LLC

Optimal Leasing LLC , an independent MBE originally founded in 1996 with a specific emphasis on providing lease financing for capital equipment, assist customers who have diversity objectives and are interested in Tier 1 & 2 spend.

Larry Robinson - 248.738.2699
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LeasingWorld
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LeasingWorld | Media

LeasingWorld magazine is a world leader for leasing news and analysis. Because we see our leasing industry as a global community, we tailor our output to satisfy the whole of the leasing world, right across the globe.

Jan Szmigin - +44(0)1905 621444
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