Toolspec uses asset finance to drive growth

Toolspec Manufacturing has agreed a combined invoice discounting and asset finance facility to fund future growth. The £1.6m funding package from Bibby Financial Services will support business development at the UK-based specialist welding and fabricating business.

Toolspec uses asset finance to drive growth

Oct 20, 2017

Toolspec Manufacturing has agreed a combined invoice discounting and asset finance facility to fund future growth. The £1.6m funding package from Bibby Financial Services will support business development at the UK-based specialist welding and fabricating business.

Growth forecasts increased for leasing and finance

The Equipment Leasing and Finance Foundation has upped its forecast for future growth in investment in equipment and software this year, predicting it will now expand 4.3% in 2017, surpassing its earlier estimate of a 3.6% rise. The Q4 update to the Foundation’s 2017 US Economic Outlook report says the revised investment growth estimate is driven by the combination of continued elevated business confidence, a recovering oil sector, and the release of pent-up demand following lackluster investment growth in 2016.

Growth forecasts increased for leasing and finance

Oct 17, 2017

The Equipment Leasing and Finance Foundation has upped its forecast for future growth in investment in equipment and software this year, predicting it will now expand 4.3% in 2017, surpassing its earlier estimate of a 3.6% rise. The Q4 update to the Foundation’s 2017 US Economic Outlook report says the revised investment growth estimate is driven by the combination of continued elevated business confidence, a recovering oil sector, and the release of pent-up demand following lackluster investment growth in 2016.

Hurricane-hit businesses offered leasing help

Boston-based LeaseQ has launched a new disaster recovery program (DRP) designed to connect businesses with instant equipment financing to rebuild after natural disasters, in the wake of the recent hurricanes. LeaseQ is offering equipment financing with no payments for 90 days for business owners needing to quickly replace equipment lost in the devastation. Multiple lenders are partnering with the company to offer the payment deferral program, including Fidelity Capital, American Capital and Financial Pacific.

Hurricane-hit businesses offered leasing help

Oct 17, 2017

Boston-based LeaseQ has launched a new disaster recovery program (DRP) designed to connect businesses with instant equipment financing to rebuild after natural disasters, in the wake of the recent hurricanes. LeaseQ is offering equipment financing with no payments for 90 days for business owners needing to quickly replace equipment lost in the devastation. Multiple lenders are partnering with the company to offer the payment deferral program, including Fidelity Capital, American Capital and Financial Pacific.

EMEA

Solid UK asset finance growth

Oct 11, 2017

Asset finance new business, primarily covering leasing and hire purchase, grew by 3% in August, new figures from the UK's Finance and Leasing Association show. The plant and machinery finance sector reported new business up by 4% in August compared with the same month in 2016, while new finance for business equipment was up by 8% over the same period.

Americas

Demand for aviation leasing set to grow

Oct 17, 2017

There is likely to be a significant increase in the number of business aircraft acquired on operating leases over the coming year as rates prove increasingly attractive, according to a study by Global Jet Capital. Its research, with a panel of around 150 business aviation professionals, revealed that almost half (46%) of those surveyed expect to see growing demand for operating leases in corporate aircraft transactions over the next 12 months, while 8% say they are expecting this increase to be “dramatic”.