Tag: commercial financing

Japanese equipment manufacturers Komatsu and Hitachi Construction Machinery saw their North American sales decline in the first half of their ...

Construction vehicles on the Cleve Hill Solar Park near Faversham, UK, on Wednesday, Oct. 23, 2024. Mytilineos has undertaken the engineering, procurement and construction of this solar park, that will produce 373.922 GWh of renewable electricity per year, enough to meet the needs of over 100,000 UK homes.

Downstream secures $8M to expand construction services platform

byEquipment Finance News, AI Assisted

November 4, 2025

Downstream, a digital marketplace for construction equipment rentals, waste management and site services, has raised $8 million in series A ...

A Freightliner eCascadia electric truck at a Provigo distribution center in Boucherville, Quebec, Canada, on Wednesday, May 10, 2023. Loblaw pledged that by 2030 it would decarbonize its fleet of more than 160 company-owned day-cab trucks.

Fleet Advantage achieves record first quarter

byEquipment Finance News, AI Assisted

November 4, 2025

Fleet Advantage reported record first-quarter lease originations for its fiscal quarter ending Sept. 30, marking the strongest start in company ...

Tractor-trailer trucks wait to enter the Port of Baltimore in Baltimore, Maryland, U.S., on Monday, March 23, 2020. A shipping container shortage that's left everything from Thai curry to Canadian peas idling in ports may be about to get a whole lot worse as China steps up its coronavirus precautions on incoming vessels.

Midland States ceases equipment financing after Q3

byQuinn Donoghue

November 3, 2025

Midland States Bancorp, Beacon Financial and Banc of California slashed their equipment finance portfolios in the third quarter, while First Citizens BancShares ramped up equipment leasing. Midland ...

Business, future technology and artificial intelligence concept - robot and human hand connected by lightning over black background

Tech innovations transforming equipment finance operations

byJohnnie Martinez II

November 3, 2025

Tech innovations are changing equipment finance by boosting efficiency and data visibility, despite rising uncertainty, faster economic cycles and data ...

A First Citizens Bank branch in Alpharetta, Georgia, US, on Thursday, March 23, 2023. First Citizens BancShares Inc., one of the biggest buyers of failed US lenders, is still hoping to strike a deal for all of Silicon Valley Bank, according to people familiar with the matter.

Dynapac, First Citizens form equipment finance partnership

byEquipment Finance News, AI Assisted

November 3, 2025

Equipment manufacturer Dynapac North America has partnered with First Citizens Bank Equipment Finance to launch a vendor financing program for customers ...

Workers labor under the carriage of a dump truck in a repair shop at the Tavan Tolgoi coal deposit developed by Erdenes Tavan Tolgoi JSC, a unit of Erdenes Mongol LLC, in Tsogtsetsii, Ömnögovi Province, Mongolia, on Monday, Sept. 24, 2018. Mongolia has expanded its coal reserves by 24 percent at the state-owned giant Tavan Tolgoi mine to 6.34 billion tons, according to Erdenes Tavan Tolgoi Chief Executive Officer Gankhuyag Battulga. Mongolian lawmakers in June approved a plan to sell up to 30% of the coal mine in the Gobi desert, the latest attempt to develop what's anticipated to be massive coking and thermal coal deposit.

Garnett Station Partners launches True North Fleet Services

byEquipment Finance News, AI Assisted

November 3, 2025

Investment firm Garnett Station Partners launched True North Fleet Services, a national platform for fleet maintenance and repair providers. True ...

A residential building under construction in Vancouver, British Columbia, Canada, on Friday, April 19, 2024. Homebuilders in the province of British Columbia are constantly against the clock: it has a law that gives them just 12 months to market their projects, collect enough deposits and secure the financing to build.

Funding issues force builders to turn down projects

byJohnnie Martinez II

October 31, 2025

Large construction companies and some of their underfinanced subcontractors are turning down work as they both struggle with securing capital ...

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