Equipment finance
The Monitor recently reported on rebranding in the equipment finance industry, I was more than a little intrigued: Why are more independent commercial finance companies rebranding as private credit?
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Securing growth capital is crucial for equipment finance companies aiming to expand, but it requires careful preparation.
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Equipment financiers are adopting AI-driven technology though potential biases in the algorithms present concerns.
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The last few years of record inflation and high interest rates have transformed the equipment finance ecosystem. What some consider “another typical transportation downturn” has been accompanied by what is likely a lasting retreat by banks as the industry’s primary funders.
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Tamarack Technology, Inc. and Colorado-based Better Programs, Inc., owner of TURBO-Lease™ software, have formed a strategic partnership to help small and startup equipment finance companies make better use of the data generated by their businesses and elevate customer service through digital transformation.
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