Equipment companies turn to bundling, SaaS solutions
Equipment companies are bundling products and services including maintenance and warranties to create turnkey solutions for customers. A growing trend in the equipment industry is the shift to an “as-a-service” approach, with companies wanting one provider that can do everything, equipment
Leasing, rentals gain traction on high-tech assets
Equipment companies are turning to rentals and leases for assets featuring advanced technology that carries a shorter lifespan. “One of the trends that we're seeing lately is that there is a preference to rent or lease items that are higher technology
Registration now open for equipment F&I strategies webinar
Equipment Finance Connect, a new event from Auto Finance News’ parent company Royal Media, is pleased to present the free webinar, “Strategies for equipment finance and insurance (F&I) for a better 2023,” on Tuesday, Jan. 24, at 1 p.m. ET. Economic
Ocala Tractor’s Steve Spivey joins Equipment Finance Connect
Steve Spivey, director of finance at Ocala Tractor, will join the panel discussion “Positioning F&I for Success in the Coming Year” on Monday, Feb. 27, at 1:15 p.m. ET at the Westin Charlotte during the Equipment Finance Connect event. Equipment Finance
CIT supplies Utopia Deals with $35M revolving credit facility
CIT’s asset-based lending business has inked an agreement with global retailer Utopia Deals to supply the company with a $35 million revolving credit facility. CIT, a division of First Citizen’s Bank, is providing Plainview, New York-based Utopia Deals with working capital
Trinity Capital enters joint venture with specialized credit manager
Trinity Capital has entered into a joint venture agreement with an unnamed specialist credit manager with more than $5 billion in assets to provide loans and equipment financing to growth-stage companies. The joint venture, called i40, will be co-managed by Trinity and
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
The Equipment Finance Connect 2023 agenda is live, registration open
Royal Media is pleased to announce the agenda for Equipment Finance Connect 2023, which takes place Feb. 27 to Feb. 28 at the Westin Charlotte, is now live. Equipment Finance Connect 2023 is the first industry event to offer equipment vendors
