NEW VENTURES & JOINT VENTURES
GSG Financial Rebrands as OnPoint Capital
GSG Financial completed its company name change to OnPoint Capital. The change is part of a larger corporate rebranding effort of its parent company OnPoint Group and emphasizes OnPoint’s commitment to expand product offerings to service its growing vendor, end user and financial partner base.
Fifth Third Launches Renewable Energy Investment Banking Group
Fifth Third Securities hired Timothy Beach, Ari Citrin and Oliver Janssen as managing directors to lead its new Renewable Energy Investment Banking Group. Based in San Francisco, the Renewable Energy Investment Banking Group is composed of more than 10 professionals who will report to Rob Schipper, head of Investment Banking.
Feinberg, Murphy Launch Online Equipment Finance & Leasing School
Josh Feinberg and Will Murphy, the founders of Everlasting Capital, a provider of growth capital and equipment financing to SME companies nationwide, have developed an equipment finance and leasing online training course called EquipmentBrokerSchool.com. The school will focus on the $400 billion-dollar small ticket equipment finance and leasing market.
TD Bank Creates Career Relaunch Program
TD Bank launched a new program to enable individuals to re-enter the financial services industry following a career break. Working with iRelaunch, a creator of career re-launch programs, TD’s Commercial Bank will offer a career program for return-to-work professionals in the metro New York City area who have been out of the traditional workforce for two or more years.
DCV Franchising Group Expands Operations into Canada
National professional services firm DCV Franchising Group plans to assist U.S.-based franchisors with finding suitable lending options in Canada. The move is aimed to create a formal relationship with Canadian lenders, offering a franchise finance option in Canada that no other U.S.-based franchise financing company can offer.
Crossroads Small Business Solutions Re-invents Itself as VelocitySBA
In an effort to better reflect its mission of providing efficient SBA lending to small businesses, Crossroads Small Business Solutions, a part of Crossroads Equipment Lease & Finance, changed its corporate name to VelocitySBA. VelocitySBA is one of only 14 licensed non-bank small business lending companies authorized by the SBA to provide the 7(a) loan program to small businesses nationwide.
Dimension Funding, Latin Leasing Partner Up on Vendor Financing
Dimension Funding and Latin Leasing entered a strategic partnership that will provide expanded opportunities for financing for equipment vendors and purchasers in both Latin America and the U.S. As a result of this partnership, vendors and purchasers entering into global markets will be able to work with local financing companies that know the laws of the respective country, the language and the businesses involved.