Fed Says More Banks Tightened Loan Standards to Start 2024
More US banks reported stricter credit standards in the first quarter, according to the Federal Reserve. The net share of ...
Tag: commercial financing
Iowa farm co-op Landus creates tech startup aimed at growers
Landus, Iowa’s biggest agricultural cooperative, is creating a new tech company it says will provide farmers with services such as ...
PACCAR Financial Services revenue up more than 18%
PACCAR Financial Services, the financing arm of Bellevue, Wash.-based truck maker PACCAR, saw record first-quarter revenues of $509.3 million amid ...
Bank consolidation heats up again
Bank consolidations related to equipment and commercial finance are heating up as regional banks continue to navigate the high interest ...
New business volume down 7% YoY in March
New business volume in the equipment finance sector declined year over year in March but shot up from February. Overall ...
Ford fleet sales jump; GM fleet sales slide
Vehicle manufacturers Ford and General Motors experienced mixed commercial sales results, as demand persists but tightening credit forces prioritization. Ford ...
Weakened demand for business loans in 4th quarter: ELFF survey
Investment into real equipment and software for the equipment financing market is expected to grow 2.2% in 2024, despite weakened ...
Equipment finance industry confidence dips in April as lenders await rate cuts
News that interest rate cuts might not materialize for several months has pushed confidence in the equipment finance sector slightly ...
