Amur Vendor Newsletter - Equipment Finance and Lowered Rates

Welcome to the inaugural issue of the Amur Vendor Newsletter for May 2023! 

Serving our equipment vendor partners over the last 27 years has been our distinct honor, and we are excited to launch this new channel for us to share information, ideas, and opportunities with you.

Amur Equipment Finance has financed over $5 billion in equipment and is one of the largest non-bank equipment finance companies in the country. Delivering equipment finance solutions to our vendor partners is of the utmost importance to us, and our organization of 275+ talented team members is united around one simple goal – to be the best equipment finance company in America.

We hope that you enjoy this newsletter and would greatly appreciate your feedback as we continue on our journey together.  Please contact me directly with any suggestions you have on topics of interest for future newsletters, product ideas, or anything else we can do to demonstrate our commitment to you.

Sincerely,

Kalyan Makam
Chief Executive Officer
Amur Equipment Finance, Inc.

We’re Lowering Our Rates!

As Banks are increasing rates and pulling back, Amur is here to serve you.  Effective May 1st, Amur has LOWERED its rates for well-qualified customers.  Reach out today to hear more about how Amur can help
EQUIP YOU TO WIN.

Speaking of Rates...

Today’s lending landscape looks a lot different than it did 12 months ago!

After enjoying nearly 15 years of lower rates, we have seen the Federal Reserve increase the Fed Funds Effective Rate, which is the rate at which banks lend to each other, from 0.05% as of April 2020 to 5.25% today.

How can we explain rising rates to our customers? The Federal Reserve’s aggressive course of action is an attempt to counter the inflationary pressures created by the money supply boost to households during the COVID-19 slowdown. While these moves are showing signs of success in curbing inflation, the rapidity of this interest rate increase has caused some banks to fall victim to capital shortages and liquidity crunches (Signature Bank, Silicon Valley Bank, and most recently First Republic Bank).

The reverberations of these sudden and sizable bank failures, as well as the prospect for additional regulation, have led their peers to tighten their lending standards, making credit more expensive and harder to come by for customers.  We expect that bank activity in the equipment finance space will continue to decrease going forward.

Amur, as one of the largest non-bank equipment finance companies, is well prepared for the new interest rate environment with one of the strongest capital positions in the industry.  While no one is immune from the financial winds in which we all operate, we are excited to be exceptionally well-positioned to continue to serve you as your trusted financial partner through this cycle and the cycles to follow.

Why Partner with Amur?

Reach out to your Amur sales representative to learn more about how partnering with Amur can unlock your growth:

Amur at ConExpo 2023

Our team was thrilled to meet so many construction vendors and discuss their needs and challenges at this year's ConExpo in Las Vegas! Our commitment to you doesn't end with the show. Please reach out to your Amur contact for any support you might need in financing construction equipment.

Seen here left-to-right, Front Row: Mark O'Gorden, Edward O'Donnell, Fred Madkour, Dora Cruz, & Ashten Hughes. Back Row: Paul Larkins, Christopher Bough, Rob Glascott, Tom Hodgson, Elliott Klass, David Medina, & Brent McWhorter.