PROVIDENCE – Paul Vecker will succeed 50-year veteran Daniel West as president and CEO of Macrolease Corp., an equipment finance company and Bank Rhode Island subsidiary, the bank announced. Vecker’s appointment is effective June 17, according to the bank, which described Macrolease as a “full-service, equipment finance company specializing in servicing the fitness, franchise, nonprofit and health care markets.” West, who will retire at the end of June, founded Macrolease in 1969 and has served as the company’s CEO since then. In 2005, Macrolease become a subsidiary of Bank Rhode Island. Vecker brings 35 years of experience in the equipment finance industry, most recently serving as a senior executive at PNC Equipment Finance, a company with more than $16 billion in assets, according to the bank. While at PNC, Vecker served in different leadership roles, including chief growth officer and general manager of the company’s vendor finance business. … [Read more...] about BankRI’s equipment finance business gets new leader
Equipment finance group
Business Equipment Financing & Leasing – Tips You Should Know There are many times when you’ll want to AGM finance and lease equipment rather than have to purchase it new. There are special tips you should know however about business equipment financing & leasing as compared to buying the equipment to better help your business though. There are a lot of decisions and things you need to have in order before you’ll be able to properly do this. That’s why we’re letting you about some of these tips you should know in order to rent the right equipment. Analyze the Benefit Time You need to analyze just how long your business will be thriving from renting this equipment. Will it actually help you get more of a profit over competitors than if you owned the purchase outright? You need to understand that your maintenance needs might be different if you have equipment that’s not yours, and more. See how much you’ll save by renting compared to … [Read more...] about Business Equipment Financing & Leasing – Tips You Should Know
VANCOUVER, British Columbia, Jan. 15, 2019 (GLOBE NEWSWIRE) -- Sharc International Systems Inc. (CSE: SHRC) (FSE: IWIA) (OTCQB: INTWF) ("SHARC" or "the Company") is pleased to announce a strategic financing relationship with Partners Capital Group Inc. (“Partners”) as an equipment finance partner for direct lender of equipment loans and leases. Partners has funded over 10,000 transactions and more than $800,000,000.00 in equipment and are members of National Equipment Finance Association, Equipment Leasing & Finance Association (ELFA). "SHARC is extremely pleased to have partnered with Partners Capital Group to provide an alternate financing solution for our customers, and believe it is an exceptional opportunity for both companies," said Lynn Mueller, CEO of SHARC. "The formation of this strategic relationship with Partners is another step forward for SHARC and is part of our ongoing commitment to fulfill the financing needs of our customers.” About … [Read more...] about SHARC Announces Strategic Equipment Financing Relationship with Partners Capital Group Inc.
AmurEF’s second securitization this year and largest in its history GRAND ISLAND, Neb., Oct. 18, 2018 (GLOBE NEWSWIRE) -- Amur Equipment Finance, Inc. (AmurEF) announces the completion of its sixth term securitization and second securitization this year. A total of $250,944,000 in rated securities secured by equipment leases and loans originated by AmurEF were issued, representing a 27 percent increase over AmurEF’s February securitization, with $239,703,000 receiving an investment grade rating from DBRS. KeyBanc Capital Markets served as structuring agent, bookrunner, and lead manager; The Williams Group served as co-manager. “We are very excited about the number of repeat and new investors that participated in our second securitization this year – all classes of notes were several times oversubscribed. This high level of interest validates the investments that we have made in the company over the last several years and positions us to continue our strong … [Read more...] about Amur Equipment Finance Closes Sixth Term Securitization, Issuing $250.9MM in Asset-Backed Notes
Mr. McManus is responsible for strenthening the group's client relationships and developing new business. Mr. Smith is responsible for all aspects of the Asset Management function at Investors Bank Equipment Finance. "We are thrilled to add Chris and Brandon to our Equipment Finance team." By expanding the Equipment Finance leadership team, the group continues to purse a rapid growth strategy Investors Bancorp, Inc. (NASDAQ:ISBC)These superb additions to our group will support our mission of becoming a national leader in the equipment finance sector.”— Equipment Finance Group Leader Kenneth WaltersISELIN , NEW JERSEY , UNITED STATES , October 15, 2018 /EINPresswire.com/ -- The Investors Bank Equipment Finance (IBEF) group recently appointed two senior leaders, a senior business development officer and an asset management professional. Expanding its leadership team, the group continues to pursue a growth strategy that includes increasing its client base and geographic … [Read more...] about Investors Bank Equipment Finance Appoints Two Executives To Help Drive the Group’s Continuous Growth