Equipment finance new business volume up 6%
Overall new business volume in the equipment finance sector in October jumped 6% year over year and 11% month over month to $11.3 billion despite rising interest rates and the expectation of a forthcoming recession. Year to date, cumulative new business
Alta Equipment Group revenue surpasses $1B
Alta Equipment Group year-to-date revenue surpassed $1 billion in the third quarter, matching its revenue for the full year 2021. Construction segment revenue clocked in at $249.7 million, up 35.7% YoY from $184.7 million, according to the company’s Q3 earning’s presentation
EV equipment financing poses ‘huge opportunity’ for lenders
Financing energy equipment presents a potential opportunity for financiers as electric vehicles (EVs) gain traction, evidenced by General Motors’ launch this month of GM Energy, which will produce EV chargers and energy-management products for homes and businesses. GM Energy will manufacture stationary battery packs and