US equipment leasing industry confidence up again

Confidence in the US equipment finance market increased in March for the second consecutive month, according to data from the Equipment and Leasing Finance Foundation. It saw its March monthly confidence index for the equipment finance industry (MCI-EFI) rise to 60.4, up from the February index of 56.7. When asked about the outlook for the future, MCI-EFI survey respondent Harry Kaplun, president, specialty finance, Frost Bank, said: “This year will continue to be prosperous as economic indicators are predicting. Business growth is spurred by low interest rates, favorable tax rates and expansion oriented investment.”

US equipment leasing industry confidence up again

Mar 22, 2019

Confidence in the US equipment finance market increased in March for the second consecutive month, according to data from the Equipment and Leasing Finance Foundation. It saw its March monthly confidence index for the equipment finance industry (MCI-EFI) rise to 60.4, up from the February index of 56.7. When asked about the outlook for the future, MCI-EFI survey respondent Harry Kaplun, president, specialty finance, Frost Bank, said: “This year will continue to be prosperous as economic indicators are predicting. Business growth is spurred by low interest rates, favorable tax rates and expansion oriented investment.”

CIT offers auction funding with NextLot

Leading equipment finance lender CIT Direct Capital has announced a strategic relationship with NextLot, which provides a privately branded online auction solution for auctioneers, in a move designed to offer bidders funding within 24 hours. Since 1993, Direct Capital has provided more than $4 billion in equipment finance and working capital loans to over 100,000 businesses. Through this strategic relationship, NextLot hopes to enable auction buyers to access capital much more easily and quickly at its equipment auctions.

CIT offers auction funding with NextLot

Mar 22, 2019

Leading equipment finance lender CIT Direct Capital has announced a strategic relationship with NextLot, which provides a privately branded online auction solution for auctioneers, in a move designed to offer bidders funding within 24 hours. Since 1993, Direct Capital has provided more than $4 billion in equipment finance and working capital loans to over 100,000 businesses. Through this strategic relationship, NextLot hopes to enable auction buyers to access capital much more easily and quickly at its equipment auctions.

PayPal working capital funding jumps 60% to £1 billion in UK as SME demand grows

Online payments giant PayPal increased funding to UK SMEs through its working capital arm to £1 billion last year, an increase of 60%. The rapid increase in advances comes as traditional bank lending to SMEs remains flat, according to figures released by the UK government. PayPal attributes its success to technology and its extensive data insights from the accounts of applicants that use its platform, which allows it to bypass the lengthy application process of traditional business finance.

PayPal working capital funding jumps 60% to £1 billion in UK as SME demand grows

Mar 20, 2019

Online payments giant PayPal increased funding to UK SMEs through its working capital arm to £1 billion last year, an increase of 60%. The rapid increase in advances comes as traditional bank lending to SMEs remains flat, according to figures released by the UK government. PayPal attributes its success to technology and its extensive data insights from the accounts of applicants that use its platform, which allows it to bypass the lengthy application process of traditional business finance.

Americas

Mixed fortunes predicted for Brazilian industry under Bolsonaro

Mar 19, 2019

Economic analyst Fitch Solutions has forecast a mixed outlook for Brazil’s key asset finance sectors under new president Jair Bolsonaro. The organisation’s analysis suggests a short-term increase in economic performance, with a promising outlook for the agricultural sector and industrial privatisation. However, it predicted longer-term issues, including a downturn for mining and a lack of clarity regarding industrial policies.

Asia Pacific

Identifying growth opportunities in Islamic finance

Feb 08, 2019

Islamic finance is available in 56 countries through 1,389 sharia-compliant companies that have total assets under management (AUM) of $2.4 trillion, according to a 2018 study from Thomson Reuters. In 2017, the market grew 11% and while recent expansion has been slower in core markets, such as the Gulf and south-east Asia, future trends are significantly rosier.