SVS Launches Sheer Acquisition Capital Equipment Leasing Group
Sheer Venture Solutions, a Philadelphia-based concierge merchant banking firm, formed a new division, Sheer Acquisition Capital, to increase its presence and participation in the equipment leasing industry. The division will be focused on acquiring lease portfolios and originating leases in the construction equipment and transportation segments in the U.S. and Canada.
Huntington Creates Medical Practice Specialty Business Banking Unit
Huntington National Bank launched a health care finance team dedicated to helping private health care and medical practices located east of the Mississippi with specialized loan products for multiple purposes, including equipment finance, relocation and remodeling, practice acquisition and startups. The new practice finance team will focus on businesses with less than $20 million in yearly revenue, particularly dentists, physicians and veterinarians who seek to expand their practices and unlock long-term value.
SMBC Launches Global Aviation Equipment Leasing Fund
SMBC Aviation Capital launched its Global Aviation Equipment Leasing Fund, a closed-end fund which has raised equity capital from 17 Japanese institutional investors and a secured debt financing from an internationally recognized bank.
TriGrow Launches Equipment Financing Product for Cannabis Operators
TriGrow Systems, an end-to-end cultivation solutions provider, launched TriGrow Capital, a division that will help cannabis operators finance the growth of their businesses through both capital and technology resources.
Marlin, Columbia Vehicle Group Launch New Financing Partnership
Marlin Capital Solutions and Columbia Vehicle Group, a global provider of electric powered, commercial utility and industrial work vehicles, have created a partnership to offer financing options to Columbia’s customers. Marlin’s financing options will be available through its authorized dealer channel and national sales team.