Sterling Bancorp to Acquire Macquarie’s Advantage Funding Management

Sterling Bancorp entered into a definitive agreement to acquire Advantage Funding Management, a provider of commercial vehicle and transportation financing services based in Lake Success, NY. Advantage Funding is part of Macquarie’s Corporate and Asset Finance Group and is a wholly-owned subsidiary of Macquarie Bank.

Equipment Financing Tips for Seasonal Slowdowns

Equipment Financing Tips for Seasonal Slowdowns

Winter’s chill tends to cool off business in some industries. It’s the slow season for many motorcoach companies, for example; for livery services too.  Meanwhile, monthly expenses march on through the winter months, straining cash flow until business heats up in the...

Finding Joy by Giving Joy

Finding Joy by Giving Joy

Advantage Funding had a heartwarming experience this holiday season that we hope will cheer you, too. Staff members decided to use the money they donate to our Random Acts of Kindness Fund in a unique way. Darasue Lyons, program director of our Lender Finance...

Finance Equipment by Dec. 31 for Major Tax Savings

Finance Equipment by Dec. 31 for Major Tax Savings

December is a smart time for businesses to finance commercial vehicles and equipment. Here’s why. Major tax incentives lower the costs significantly. Qualifying capital equipment must be financed and put into service by Dec. 31 for maximum tax savings under IRS Section 179. Capital leases count, too.