EFC 2023: First Citizens Bank Equipment Finance eyes $750M in industrial originations in 2023
This story was originally published on March 1, 2023, in Auto Finance News Get updates on details for our 2024 Equipment Finance Connect, taking place May 6-7, 2024 here. First Citizens Bank Equipment Finance has its eye toward growth in its industrial portfolio
Avoiding fraud: Contact parties, check addresses
Equipment lenders must be wary of the increased frequency of fraud currently plaguing the industry. Equipment financiers continue to face problems related to fraud schemes, such as no actual equipment in the deal, no actual lessee or no actual deal,
CNH Industrial Capital outstandings up 18%
CNH Industrial Capital’s portfolio of outstandings grew in the first quarter of 2023 due to consumer demand — despite rising interest rates and increasing bank challenges. The financial services arm of equipment manufacturer CNH Industrial, CNH Industrial Capital, posted $24.5 billion
3 best practices for navigating rising interest rates
As interest rates continue to rise and cash flows tighten, equipment dealers must find the best ways to navigate today’s hawkish interest rate environment to ensure access to funds. Equipment dealers of all sizes must manage rising interest rates to meet
