Amy Thomas

A new report shows 79% of businesses relied on financing for at least part of their equipment and software acquisitions in 2018, although there was a decline in equipment finance investment.

In its first annual industry leadership awards, equipment leasing and finance industry publication Monitor has recognized Key Equipment Finance President Adam Warner with the inaugural Veteran Icon Award.

Although a recession in the next six months appears unlikely, business conditions for the equipment finance industry are also unlikely to improve materially over the rest of the year, particularly for equipment verticals that serve the manufacturing sector, according to the Q4 Equipment Leasing & Finance U.S. Economic Outlook recently published by the Equipment Leasing & Finance Foundation.

KeyBank was recently recognized as the 2019 ColoradoBiz Top Company in the Financial Services category, with the award noting its collaborative practices and commitment to giving back to the local community.

Kevin Nash has been named leasing manager for the Michigan and Northwest Ohio markets. In this role, Nash will identify, develop and close end-user-based equipment finance and leasing transactions. 

Debbie Trujillo, regional corporate responsibility officer for KeyBank in Colorado, Idaho and Utah, was recently named the winner of the Denver Business Journal’s Outstanding Women in Business Award in the “banking & finance” category.

Two continuous threads—rising costs and transformative technology—weave through all of the major healthcare industry trends and issues detailed in a new report on U.S. healthcare and equipment acquisition by the Equipment Leasing & Finance Foundation.

Equipment and software investment growth is likely to slow in 2019 to 3.9%, according to the 2019 Equipment Leasing & Finance U.S. Economic Outlook released earlier this month from the Equipment Leasing & Finance Foundation. The forecast is down from a 4.5% expansion predicted in the Q2 update.

Technological advances coming down the pipeline for the equipment leasing and finance industry will both challenge and bolster vendor finance relationships, if the predictions described in a recent vendor finance roundtable for The Monitor come to fruition.

Lori A. Maxon has been promoted to vice president of commercial vendor technology. In this role, Maxon will work closely with technology vendors to develop structured finance solutions for enterprise clients throughout the Northeast.