Equipment Finance News NewLane Finance launches Published: 15th April 2019 Share Neumann Finance and Beneficial Equipment Finance have combined forces to create NewLane Finance, a new equipment finance supplier. The new company will be backed by WSFS Bank, a financial institution with approximately $13 billion in assets and the largest locally-headquartered bank in the Greater Delaware Valley. NewLane Finance will combine the technology platform and industry expertise of Neumann Finance with the maturity and heritage of Beneficial Equipment Finance, the companies say. The business will be led by Dan Dyer (pictured), chief executive officer, and George Pelose, president. Dyer said: “Since launching Neumann Finance in 2017, we have built significant momentum with our unique business and servicing models. “Our new name, combined with the strength of BEFC and the backing of WSFS, a $13 billion bank, will provide significant opportunities to scale our business.” Pat Sweet Correspondent - Asset Finance Connect Sign up to our newsletter Featured Stories NewsUS equipment finance industry confidence dips again in March Newsgrenke reports €70m profit in 2024, maintains growth momentum Corporate Member NewsLloyds backs print firm’s green tech investment Equipment Finance
