CohnReznick announced the winners of its inaugural Gamechangers in ESG Awards program. The program was designed to recognize U.S.-based businesses that are “changing the game” through their commitment to environmental, social, and governance (ESG)... Read Story

Rapid Finance announced updates to its corporate branding in response to accelerated company growth and strong industry adoption of its scalable, purpose-built solutions to drive efficient SMB financing and servicing.In addition to the new brand... Read Story

PennantPark Floating Rate Capital increased the size of its multi-currency, senior secured credit facility (as amended, the “Credit Facility”) from $300 million to $366 million and replaced the London interbank offer rate, or LIBOR, benchmark... Read Story

EisnerAmper was named the “Best Auditor—Middle Market” at the HFM U.S. Services Awards 2022, which were held on September 13 in New York City. The prestigious HFM U.S. Services Awards recognize hedge fund service providers that have demonstrated... Read Story

FTI Consulting has been named to Consulting magazine’s Best Firms to Work For list for the fifth consecutive year.The rankings are based on employee satisfaction surveys, focusing on culture, career development, client engagement, firm leadership... Read Story

The Bank of America Institute released a new publication which finds continued resilience in small businesses. New Bank of America small business data shows that, despite economic headwinds, small businesses continue to strengthen in a variety of... Read Story

Cascadia Capital, one of the nation's most active independent middle-market investment banks, has reached a definitive agreement to secure a strategic growth equity investment from an investment fund affiliated with Atlas Merchant Capital LLC. With... Read Story

Caltius Structured Capital closed its sixth structured capital complex, consisting of Caltius Partners VI (SBIC), LP (“Fund VI SBIC”) and Caltius Partners VI, LP (“Fund VI”) (collectively, the “Fund”).  Fund VI SBIC is a Small Business Investment... Read Story

ABL Advisor's offices will be closed on Monday, September 5th in observance of Labor Day. We will return with our Daily eNews Blast on Tuesday, September  6th.We wish all of our readers a safe and happy holiday weekend! Read Story

nFusion Capital announced the opening of an office in Phoenix, Arizona. The new office will allow nFusion Capital to better serve its referral network and client base in the Western United States and support its overall growth strategy. Anthony... Read Story

The law firm of Moritt Hock & Hamroff has been named a Top 3 Winner for Best Financial Law Firm for its financial services practice in Long Island Business News' 2022 Annual Reader Rankings List. Long Island Business News reader rankings is an... Read Story

Charlotte-based equipment and accounts receivable finance company, Commercial Credit, Inc., parent company of Commercial Credit Group Inc. (CCG), Keystone Equipment Finance Corp. and Commercial Funding Inc., has once again made the Business North... Read Story

ECN Capital Corp. announced it has entered into a definitive agreement with funds managed by Stone Point Capital LLC, a private equity firm focused on investing in financial services, to sell all of the issued and outstanding equity interests in ECN... Read Story

HYPERAMS, LLC announced the completion of the e-commerce liquidation sale of The Grommet. The liquidation, which was conducted entirely via the company’s website, was highly successful and generated significant cost recovery for the business’... Read Story

SPECTRUM Commercial Services opens new sales office in Phoenix, AZ and adds new Vice President, Pamela McConlogue. McConlogue joins SPECTRUM Commercial Services Company (spectrumcommercial.com), bringing over 20 years of experience in commercial... Read Story

Commercial Finance Partners announces the expansion of the Employee Retention Funding Program that started in late 2021. Commercial Finance has facilitated financing for over $30,000,000 of credits to date and is now expanding the program to improve... Read Story

Commercial Funding Inc. launched a YouTube channel and published their first educational video. The animated video, titled “CFI Explains Invoice Factoring”, provides a one-minute overview of the invoice factoring process and explains how invoice... Read Story

White & Case advised funds managed by BlackRock Investment Management (UK) Limited on the financing of the acquisition of MTW Holding S.p.A., a leading metal accessories manufacturer group for luxury fashion products, through the issuance by... Read Story

Stifel Financial completed its acquisition of ACXIT Capital Partners, a leading independent corporate finance and financial advisory firm serving European middle-market clients and entrepreneurs. The addition of ACXIT to the Stifel platform adds... Read Story

ABL Advisor's offices will be closed on Monday, July 4 in observance of Independence Day. We will return with our Daily eNews Blast on Tuesday, July 5. We wish all of our readers a safe and happy holiday! Read Story

Tenet unveiled a new financial solution that lowers the cost of ownership for EVs and ushers in a new era that puts carbon-free emissions within reach for almost every new car owner and buyer. Launching with its innovative EV financing platform that... Read Story

B. Riley Financial announced B. Riley Advisory Services' recognition as a top provider for litigation valuation and forensic accounting in the "Best Of 2022" survey conducted by the Daily Report (Law.com).B. Riley Advisory Services was voted... Read Story

TPG, a leading global alternative asset management firm, announced that Gunther Bright has joined its Board of Directors as an independent director, effective July 1, 2022. “On behalf of the Board and leadership team, we are pleased to welcome... Read Story

Geneva Capital has been named a top workplace in Minnesota, according to the Star Tribune. Star Tribune’s Top Workplaces recognizes the most progressive companies in Minnesota based on employee opinions (collected via a third-party survey). The... Read Story

Cambridge Realty Capital continues to forge ahead on the trail that was blazed by its Founder, the late Jeffrey Davis. Speaking of Davis’ recent passing, Senior Vice President Brent Holman-Gomez stated, “We are very fortunate to have such a solid... Read Story

Raymond James Financial completed the previously announced acquisition of TriState Capital Holdings, Inc. The cash and stock transaction was valued at approximately $1.1 billion.“The strategic and cultural fit between Raymond James and TriState has... Read Story

Configure Partners acted as exclusive financing advisor to Aterian Investment Partners (“Aterian”) in securing committed debt capital to support Aterian’s acquisition of Allentown Holdings, LLC (“Allentown” or “The Company”), a leading provider of... Read Story

Houlihan Lokey announced that Rishi Aswani has joined the firm’s Financial and Valuation Advisory (FVA) business in Mumbai as a Managing Director in the Portfolio Valuation and Fund Advisory Services practice. Mr. Aswani will lead client services for... Read Story

ABL Advisor's offices will be closed on Friday, May 27 and Monday, May 30 in observance of Memorial Day. We will return with our Daily eNews Blast on Tuesday, May 31, 2022.We wish all of our readers a very safe and happy holiday! Read Story

Configure Partners announced its role as exclusive financing advisor to Industrial Opportunity Partners (“IOP”) in securing committed debt capital to support IOP’s acquisition of Raven Engineered Films, an innovator in developing and manufacturing... Read Story

First Business Bank funded a $10 million inventory floorplan line of credit for an independent car dealership through First Business Bank’s Floorplan Financing group.“We are honored to help our new client in Ohio grow their business,” said John... Read Story

Republic First Bancorp, the parent company of Republic Bank, is deeply saddened by the passing of longtime Republic Bank Director, Theodore J. Flocco, Jr.A native of South Philadelphia who raised his family in Southern New Jersey, Mr. Flocco became a... Read Story

Brookridge Funding announced the completion of $4,300,000 of Purchase Order Funding facilities for 2 new clients: $4,000,000 for an ID importer of concrete raw materials and $300,000 for a VA wholesaler of plastic components      ... Read Story

Financial inclusion is a primary focus for nearly all banks and financial institutions according to a new commissioned study Experian released and conducted by Forrester Consulting. The study highlights lenders’ plans to make financial products and... Read Story

A majority of small business owners report that inflation and supply chain disruptions are impacting their businesses, according to the Bank of America 2022 Small Business Owner Report. The survey of more than 1,000 business owners across the... Read Story

The NFIB Research Center released a new survey assessing the impact inflation is having on small businesses. Small business owners first signaled inflation issues in the summer of 2021 when NFIB’s Small Business Economic Trends survey found... Read Story

Varagon Capital Partners is serving as Administrative Agent, Collateral Agent, Lead Arranger and Bookrunner on a senior secured credit facility to support TPG Growth’s acquisition of Morrow Sodali. Morrow Sodali is a global corporate advisory firm... Read Story

Jack Henry & Associates announced that Old Second National Bank has expanded its collaboration with Jack Henry to support the bank's digital and growth strategy.Among the largest locally headquartered banks in the Chicago area, Old Second benefited... Read Story

LSQ announced the launch of payments management as part of its LSQ FastTrack® platform for corporate buyers.With these new FastTrack payment features, businesses on the platform can fully automate their payments processes across all payment methods... Read Story

SAB Capital's Bryan Huber and Ryan Morris structured the sale and leaseback ("SLB") of a 750,000-square foot bottling and canning plant. The operator is a Mid-West based leading Contract Manufacturer ("CM") of flavored-malt-beverages... Read Story

On March 24, 2022, the Governor of the State of Utah signed into law the Commercial Financing Registration and Disclosure Act (the “Act”). The Act generally requires companies that provide certain commercial financing products, including accounts... Read Story

Northpoint Commercial Finance celebrated 10 years of exceptional growth driving its customer's success with over $50 billion in dealer inventory financed since inception. From a start-up finance company with a team of 10, to an established lender... Read Story

FIS welcomes asset finance industry expert Jeff Andrews to its newly expanded European sales team. Jeff will be based at Canary Wharf, from where he will focus on the U.K. and some strategic European markets. Jeff will also explore new partnerships... Read Story

LSQ announced the successful completion of their System and Organizational Controls (SOC) 2® Type 2 third-party attestation for their LSQ FastTrack® platform.The successful completion of the third-party audit demonstrates LSQ’s continued commitment... Read Story

RBC GAM hired Aidan Forde as a Managing Director, U.S. Institutional Sales. In this role, Aidan will be responsible for Institutional Sales in the Midwest region, reporting to Donald Sanya, Head of US Institutional Sales. He will be based in... Read Story

Popper & Company LLP has joined global business advisory firm EisnerAmper.Founded in 1946 and based in New York, NY, Popper & Company LLP has 24 professionals and staff serving clients in the New York metro area, Florida, California, Texas and other... Read Story

The Association for Corporate Growth (ACG) acquired GF Data, the leading provider of middle-market transaction multiples and other deal data. The acquisition will provide additional benefits to ACG members as well as grow GF Data contributors and... Read Story

Hawke Ventures, a Los Angeles-based technology-focused venture capital firm, raised $25 million for their second venture fund, with prominent investors such as Banc of California; former LegalZoom executives Chris Welker & Dorian Quispe; CMO of... Read Story

Tacora, an investment management firm dedicated to optimizing the financing of early and mid-stage companies, announced a $250 million first close of the firm’s inaugural fund. This marks a significant milestone towards the firm’s target fund size of... Read Story

Configure Partners announced its role as financial advisor to CMC II, LLC, for the sale of litigation assets. CMC is a management company for affiliated operators of skilled nursing facilities (“SNFs”), which served ~14,000 residents before the COVID... Read Story

CVC Credit has priced Apidos XXXIX, a Collateralized Loan Obligation (“CLO”) fund totalling c.$508 million, arranged by Societe Generale. This is the first new issue CLO CVC Credit has priced globally this year, following a record year in 2021, which... Read Story

Built Technologies (Built) announced that it is partnering with GreenState Credit Union to help it better scale its $2 billion commercial portfolio in the Midwest and support existing members more efficiently and effectively.As GreenState expands... Read Story

Clifford Chance advised on the issuance of $400 million senior unsecured notes offering by Oxford Finance and its wholly-owned subsidiary and co-issuer Oxford Finance Co-Issuer II Inc.The notes, offered to qualified institutional buyers pursuant to... Read Story

Configure Partners announced its role as exclusive financing advisor to Mitre Peak Capital in securing committed debt capital to support Mitre Peak’s investment in and partnership with Roberts Manufacturing, LLC (d/b/a “Core Covers”), a leading... Read Story

FTI Consulting completed its acquisition of BOLD, a leading restructuring, transactions, digital and transformation advisory firm in the Netherlands.Founded in 2013 by Klaas Wagenaar and Gerrit van Munster, BOLD helps businesses become and stay... Read Story

CoreTech, independent technology and equipment lessor, announced their rebrand to introduce a new visual identity that reflects their growth and aligns with their brand ethos.At the inception of CoreTech in 2008, the original brand logo was inspired... Read Story

Haynes and Boone is serving as counsel to Earthstone Energy, Inc. in its acquisition of the assets of Midland Basin operator Bighorn Permian Resources, LLC in a cash-and-stock transaction worth approximately $860 million. This transaction comes on... Read Story

Commercial Finance Partners (CFP) announced the launch of Employee Retention Credit (ERC) Funding and Qualification programs.  Originally passed as part of the CARES Act, the ERC has been expanded to offer enhanced benefits to small business owners.... Read Story

Percent, a capital markets platform, announced the acquisition of proprietary portfolio surveillance and risk management technology from MidCap Financial, a middle market-focused, specialty finance firm, managed by Apollo Capital Management, L.P.... Read Story

Golub Capital, the University of Chicago Booth School of Business, and the Chicago Urban League are launching a partnership that will play a foundational role at the new Golub Capital Social Impact Lab (“Golub Capital Lab”) at Chicago Booth’s... Read Story

Phoenix Management Services congratulates Marc Sullivan, Managing Director of the firm, on his role on the Turnaround Management Association’s Executive Global Board of Trustees. In addition to the TMA, Sullivan is a Board Governance Fellow of the... Read Story

The Federal Reserve Bank of New York announced that René F. Jones, Chairman and Chief Executive Officer of M&T Bank Corp., has been elected as a Class A director representing Group 1, which consists of banks with capital and surplus of more than $2... Read Story

A Haynes and Boone deal team represented ProPath in connection with its recent sale to Sonic Healthcare (Sonic). The transaction closed Dec. 17, 2021. ProPath is a physician led anatomical and clinical pathology (AP) practice, routinely diagnosing... Read Story

Capital Southwest Corporation, an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, backed Xyresic Capital’s (“Xyresic”) acquisition of... Read Story

The staff of ABL Advisor would like to extend our best wishes for a safe, peaceful and happy holiday season. We also wish to extend our sincere thanks to all of our readers and advertisers for your loyalty and goodwill throughout the year! Our... Read Story

Merger and acquisition activity will remain robust in 2022, spurred on by both opportunistic and defensive strategies, according to an economic outlook report released by Umpqua Bank titled, "Headwinds & Opportunities: Economic Trends & Predictions... Read Story

The global pandemic underscored that strategic thinking is needed now more than ever. Between broad-based uncertainty and the change to a hybrid work model, organizations are consuming services and doing business very differently. In response to this... Read Story

CIT Group announced the results of its fourth annual One Million Meals campaign to fight hunger in partnership with Feeding America®. CIT customers, employees, social media fans and others joined in to support the donation of 1.5 million meals to... Read Story

Small business loan approval percentages at big banks ($10 billion+ in assets) increased from 14.1% in October to 14.2% in November. Meanwhile, small banks’ approvals also rose from October’s figure of 19.7% to 19.9% in November, according to the... Read Story

LiquidX, the global fintech solutions provider for working capital, trade finance, and insurance, announced the launch of automated digital distribution technology for trade finance assets. With this launch, banks and asset managers now have a fully... Read Story

BRP Group announced that its subsidiary Baldwin Risk Partners, LLC (“BRP LLC”) is seeking to enter into an incremental term loan facility amendment to its existing credit agreement pursuant to which BRP LLC is expected to borrow $250 million of new... Read Story

Kroll Bond Rating Agency UK Limited (KBRA) released its 2022 Outlook for European structured finance, exploring key trends facing the market in the year ahead.Inflation has been at the forefront of discussion amongst capital market participants as it... Read Story

EisnerAmper announced that the partners and staff of Caler, Donten, Levine, Cohen, Porter & Veil, P.A. (“CDL”) have joined EisnerAmper.Founded in 1987 and based in West Palm Beach, Florida, CDL has 13 partners and a staff of 100 professionals. The... Read Story

Ascend Capital Group (“Ascend”), a middle-market investment banking firm providing buy-side and sell-side advisory services, announced today the launch of its new brand identity that better aligns with the firm’s commitment to thinking outside the... Read Story

Kroll Bond Rating Agency (KBRA) released its outlook on the ABS sector, examining key trends from 2021 and providing forecasts for the new year.KBRA expects some of the same tailwinds that benefited the ABS market over the past year to continue into... Read Story

Blackhawk Growth Corp. entered into a financing agreement for up to $10-million. The loan facility was arranged by RiverFort Global Capital Ltd. (a United Kingdom London-based firm regulated by the Financial Conduct Authority) and funded by a... Read Story

ABL Advisor's offices will be closed on Thursday, November 25th and Friday, November 26th in observance of Thanksgiving. We will return with our Daily eNews Blast on Monday, November 29.We wish all of our readers a safe and happy Thanksgiving... Read Story

Wolters Kluwer Compliance Solutions has named Illinois-based Wintrust Financial Corporation and Armed Forces Bank (AFB), headquartered in Leavenworth, Kansas, as winners of its 2021 Community Impact Award. The announcement was made at the company’s... Read Story

This year Prestige Capital hits a milestone: 36 years in business. In gematria, a form of Jewish numerology, the number 36 represents double life and luck. "So, we can't help but pinch ourselves every time we think about how long we’ve been in... Read Story

Climate change’s credit implications for structured finance (SF) could be visible in transactions issued within the next 10 years, Fitch Ratings says. Existing SF notes benefit from mitigants that should insulate their ratings from climate-related... Read Story

eCapital Corp., a leading capital solutions provider for small and medium-sized businesses in North America and the United Kingdom, acquired the assets of Flexible Funding, a payroll funding company for staffing agencies across multiple industries... Read Story

CIT Group announced the start of its annual partnership with Feeding America® to help provide One Million Meals to people facing hunger across the country.  "We're proud to again partner with Feeding America on our annual hunger-relief campaign to... Read Story

Citizens announced that the quarterly national Citizens Business Conditions Index (CBCI) was a healthy 57.1, just slightly down from the second quarter’s 57.4. The third quarter’s reading reflects the continued strength in the recovery since COVID-19... Read Story

Chiron Financial has been awarded Energy Deal of the Year under $1 billion from The M&A Advisor for its outstanding achievement in securing 100% financing for SMG Industries’ acquisition of 5J Transportation Group. Chiron’s assistance with... Read Story

SierraConstellation Partners (SCP), a business advisory firm that focuses on the strategic, operational, financial transactional, and capital needs of middle-market companies and their partners, announced the launch of their new SCP Workout Bankers... Read Story

Izola Bank, a Maltese bank wholly owned by Belgium based Van Marcke Group, has chosen HPD Lendscape, a leading international secured-lending platform vendor, as the Bank’s new technology partner to replace the legacy working capital technology. The... Read Story

AllianceBernstein announced the closing of AB BSL CLO 3, a $500 million collateralized loan obligation (CLO) with Citigroup acting as lead arranger.This marks the third CLO for the firm's broadly syndicated loan and CLO management business... Read Story

M&A Advisors has honored RCS Real Estate Advisors with a Turnaround Award for the firm’s contribution to the sale of bakery chain Le Pain Quotidien USA to Aurify Brands. RCS was recognized with The Consumer Staples Deal of The Year as part of the... Read Story

First Internet Bank and ApplePie Capital announced a loan purchase agreement to provide financing solutions for franchisees.Under the agreement, First Internet Bank expects to purchase $100 million of ApplePie’s growth-oriented “ApplePie Core"... Read Story

M&A Advisors has honored RCS Real Estate Advisors with a Turnaround Award for the firm’s contribution to the sale of bakery chain Le Pain Quotidien USA to Aurify Brands. RCS was recognized with The Consumer Staples Deal of The Year as part of the... Read Story

CVC Credit announced that it has priced Apidos XXXVII, a Collateralized Loan Obligation (“CLO”) fund totalling $506 million. This is fifth new CLO fund CVC Credit has priced globally this year with an aggregate value of c.$2.5 billion. Apidos XXXVII... Read Story

Hilco Streambank is marketing for sale the intellectual property of Portico, the beloved home furnishings, amenities and linens brand, including its trademarks, domain names and social media assets.For over three decades, Portico has provided luxury... Read Story

Balboa Capital, a business lender that specializes in small business loans and equipment financing, announced the results of its Q3 2021 Small Business Owner Survey, which was sent to a sample of small business owners (SBOs) nationwide during the... Read Story

Mitsubishi HC Capital (U.S.A.) Inc., ENGS Commercial Finance Co. and Mitsubishi HC Capital America, Inc., the North American commercial finance subsidiaries of Mitsubishi HC Capital Inc., are announcing rebranding their trade name following the birth... Read Story

The law firm of Moritt Hock & Hamroff LLP announced that Leslie A. Berkoff, Ted A Berkowitz, Michael Cardello III, James P. Chou,  Robert S. Cohen, Theresa A. Driscoll, Andrew B. Eckstein, Robert M. Finkel, Keith J. Frank, Robert J. Fryman, Stephen J... Read Story

For the ninth time, equipment and accounts receivable finance company, Commercial Credit, Inc., parent company of Commercial Credit Group Inc. (CCG) and Commercial Funding Inc., has made the Business North Carolina Mid-Market Fast 40 List. To qualify... Read Story

ENGS Commercial Finance Co., a member of Mitsubishi HC Capital Group (MHC), announced that ENGS will be making a change to its Application-Only threshold and will be able to approve exposures on an App-Only basis up to $1,000,000 for qualified... Read Story

The Export-Import Bank of the United States (EXIM) again recognized Meridian Finance Group, headquartered in Los Angeles, California, as EXIM’s 2021 Broker of the Year. Meridian also received EXIM’s Broker award in 2000, 2003, and 2013—making this... Read Story

The Toigo Foundation and B. Riley Financial, Inc. announced the successful culmination of the 2021 Summer MBA Investment Competition. Almost 50 MBAs participated in an immersive four-month summer program uniquely designed to facilitate industry... Read Story

EisnerAmper has expanded its Digital Health Services line within its Health Care Consulting Group. As health care continues to evolve at lightning speed, technology will play an ever-larger role in responding to patient expectations, improving... Read Story

Société Générale Factoring, the subsidiary of Société Générale dedicated to factoring, and HPD Lendscape, a leading international secured-lending platform vendor, announced the successful alignment of the Société Générale Factoring’s sophisticated... Read Story

Wells Fargo announced the availability of Integrated Receivables, a new Accounts Receivable (AR) service that uses artificial intelligence, machine learning, and robotic processing to help simplify payment and remittance data capture, re-association... Read Story

Gordon Brothers has been appointed joint selling agent for high-quality ground support equipment formerly owned by Swissport Finland, in partnership with Liquidity Services. This specialised private sale presents the rare opportunity to acquire... Read Story

EisnerAmper ranked #12 in Entrepreneur magazine’s 2021 “Top Franchise Suppliers” list in the Accounting Category.  To determine the annual ranking of the “Top Franchise Suppliers,” Entrepreneur surveyed more than 750 franchisors on which service... Read Story

nCino, a pioneer in cloud banking and digital transformation solutions for the global financial services industry, announced that Wells Fargo has selected the nCino Bank Operating System as a foundational technology platform to accelerate its digital... Read Story

ABL Advisor's offices will be closed on Monday, Sept. 6 in observance of Labor Day. We will return with our Daily eNews Blast on Tuesday, Sept. 7.We wish all of our readers a safe and happy holiday! Read Story

Michael G. Nassy, Executive Vice President and Chief Credit Officer, FVCbank, has been elected Chair of The Risk Management Association (RMA) for the 2022 fiscal year. Jodi Richard, Vice Chair and Chief Risk Officer, U.S. Bank, and Philippa X.... Read Story

Ballard Spahr represented Visible Supply Chain Management in its acquisition by integrated container logistics company A.P Moller-Maersk, the world’s largest container shipping and vessel operator.Visible Supply Chain Management operates nine... Read Story

Aligned, a leading data center provider offering innovative, sustainable and adaptable colocation and build-to-scale solutions for cloud, enterprise, and managed service providers, announced the establishment of a newly-created data center ABS... Read Story

eCapital Corp. announced the launch of a new commercial credit card program with Visa, the world leader in digital payments. The eCapital platform provides clients with direct connections to the funds in their eCapital accounts and robust reporting... Read Story

Nations Capital, an asset management and advisory firm focused on opportunistic investments and asset remarketing, announced that is has acquired certain assets formerly owned by BJ Services, LLC (the "Company") in a transaction with GACP Finance Co.... Read Story

Hilco Global awarded the 2021 HILCO SCHOLARS Scholarships to Little Village residents Monica Jaimes and Raquel Avila at Tuesday’s Target ribbon cutting ceremony held at the Exchange 55 facility in Little Village.The HILCO LITTLE VILLAGE SCHOLARS... Read Story

Care Lending Group (CLG) announced the launch of its new financing company. After a two-and-a-half-year break from the financing business, CEO Paul McLean is joined by former colleagues Andrew Sunn, Dan Gilchrist and Tim Trimper. “Having shared many... Read Story

The Equipment Leasing & Finance Foundation released the July 2021 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI). The index reports a qualitative assessment of both the prevailing business conditions and expectations for the... Read Story

Grant Thornton will establish an additional office in the Orlando market: the Grant Thornton Center of Excellence (CoE). This new office, opening August 1, will initially create 60 professional positions — with the potential for future expansion.In... Read Story

Mitsubishi UFJ Financial Group (MUFG) announced that Linda Cunningham and Jeffrey Storey have been elected to the boards of directors for MUFG Americas Holdings Corporation and its U.S. banking subsidiary, MUFG Union Bank, N.A., effective July 19... Read Story

Med One Group further expanded in the western United States by establishing three new distribution offices: two in California and one in Colorado. The new offices in San Jose, CA; Burbank, CA; and Aurora, CO were all strategically selected to allow... Read Story

The equipment finance industry saw new business volume decrease 7 percent in 2020, according to the 2021 Survey of Equipment Finance Activity (SEFA) released by the Equipment Leasing and Finance Association (ELFA). This marked the first time in a... Read Story

TThe Toronto-Dominion Bank's TD Securities (TDS) has received the accolade of 'Canada's Best Investment Bank' in Euromoney's Awards for Excellence 2021."Being named 'Best Investment Bank' is a testament to our whole team's daily determination to... Read Story

EisnerAmper announced that Laura Macca—Director of Business Transformation within EisnerAmper’s Enterprise Technology and Information Services Group—has been shortlisted in the category of “U.S. Digital Transformation Leader of the Year” by... Read Story

For the first time in ASA’s history the International President is a member from outside the U.S. David Crick, ASA, Managing Director at DavAir Group, Inc., began his one-year term as International President for ASA effective July 1.“David's unique... Read Story

A Haynes and Boone legal team advised BlockFi in the rollout of its industry-first crypto rewards credit card. The BlockFi Rewards Visa® Signature Card will pay cardholders rewards in Bitcoin on every purchase they make.The demand for such a product... Read Story

ABL Advisor's offices will be closed on Monday, July 5 in observance of Independence Day. We will return with our Daily eNews Blast on Tuesday, July 6. We wish all of our readers a safe and happy holiday! Read Story

B. Riley Advisory Services was named a top law services provider in the Daily Report (Law.com) “Best of 2021” ranking. B. Riley earned first-place in multiple categories including Top Forensic Accounting Firm, Top Litigation Valuation Firm, and Best... Read Story

Iluminar Energy LLC, a privately held retail electric provider in ERCOT, required a quick sale from the market due to debts incurred resulting from Winter Storm Uri. Chiron Finanical was engaged as both Investment Banker and Financial Advisor to... Read Story

Following more than ten consecutive years of robust growth and the development of an impressive customer base throughout North America, Northpoint Commercial Finance announced their partnership with Reed Advisory Solutions who will focus on expanding... Read Story

Kroll Bond Rating Agency (KBRA) assigned a rating to one class of notes issued by Golub Capital Partners ABS Funding 2019-1, L.P. (GCPAF 2019-1), a securitization backed by a portfolio of recurring revenue and middle market corporate loans. GCPAF... Read Story

A Southwest Georgia businessman and owner of a tractor supply company has pleaded guilty to orchestrating a complicated fraud involving millions of dollars of loans by multiple creditors.Rickey Carter, 60, of Nashville, Georgia, pleaded guilty to one... Read Story

AlixPartners launched its annual Turnaround & Transformation Survey, which reveals that more than half of restructuring experts from across the U.S. and Europe (56 percent) said that their clients performed better during the pandemic than they did... Read Story

Provident Healthcare Partners was the recipient of three awards at the Annual USA Middle Market Awards: Healthcare M&A Investment Bank of the Year and Healthcare Services Deal of the Year. In addition, Provident's Rebecca Leiba was one of the... Read Story

Change Capital announced a strategic partnership with one of the largest publicly-traded hedge funds in the world. As part of the relationship, the fund will initially provide a $25 million credit facility to help Change Capital execute on attractive... Read Story

EisnerAmper announced that Hubert Klein, Partner and Practice Leader for the Financial Advisory Services Group for New Jersey, has been appointed to the Editorial Board of the National Association of Certified Valuators and Analysts membership... Read Story

Synovus introduced Synovus Accelerate AR, an all-new, fully integrated receivables suite enabling organizations to accelerate access to working capital and reduce exceptions with straight-through processing across all payment channels. Synovus... Read Story

CIFC Asset Management announced the launch of the CLO Initiative for Change, a philanthropic program in connection with collateralized loan obligations (“CLOs”) issued by the firm, dedicated to supporting organizations driving social, economic or... Read Story

Brightwood Capital Advisors has become a signatory to the Institutional Limited Partners Association’s (ILPA) Diversity in Action initiative. The initiative brings together limited partners and general partners who share a commitment to advancing... Read Story

GemCap announced it has established a headquarters in San Antonio, TX.  “Operating from a Central Time Zone allows us to service our customers better from both an operations viewpoint, as well as for travel,” comments David Ellis, Co-President. ... Read Story

Regions Bank announced its Chief Operations and Technology Officer, Amala Duggirala, has been named to Forbes’ inaugural ‘CIO Next 2021’ list highlighting top technology executives who are redefining the role of a chief information officer as they... Read Story

Deerpath Capital Management announced the closing of its Fifth Fund, accepting commitments of $1.1 billion of equity capital from investors, exceeding its initial target. Fund 5 is part of Deerpath Capital's senior debt financing platform that has... Read Story

Accounting Today named EisnerAmper a “Best Firm for Technology” for 2021. One of only a small select group of firms chosen, EisnerAmper was the largest firm so recognized. Firms were named based on criteria such as technology strategy, training... Read Story

Atalaya Capital Management, a private credit and special opportunities alternative investment manager based in New York City, announced a passive, minority equity investment in Dakota Financial, LLC, an asset-based specialty finance company based in... Read Story

Enova Decisions, an analytics and decision management company, and DecisivEdge, a software engineering company, announced a strategic partnership to enable lenders to accelerate digital transformation quickly, scale operations and provide more... Read Story

Deerpath Capital Management announced the closing of Deerpath CLO 2021-1, a $360 million collateralized loan obligation (CLO). This CLO represents the third CLO issued by Deerpath since 2018 and brings the firm's total CLO assets under management to... Read Story

Three years after acquiring Denver-based Headwaters, Capstone Headwaters announced it is changing its name to Capstone Partners. The rebranding, which entails the unveiling of a new logo and website, is an integrated element of the firm's current... Read Story

Corcentric announced three appointments to the leadership team. Ed Benack has been appointed Chief Customer officer, Manish Jaiswal as Chief Product Officer, and Brent Kinman as Senior Vice President of North American Sales. Corcentric continues to... Read Story

Enova Decisions, an analytics and decision management company, and DecisivEdge, a software engineering company, announced a strategic partnership to enable lenders to accelerate digital transformation quickly, scale operations and provide more... Read Story

Wintrust Commercial Finance (WCF), a division of Wintrust Asset Finance, is celebrating six years in business this month.Since its inception in 2015 with four founding employees, WCF has since grown to a staff of 48, including the new East Region... Read Story

Grant Thornton launched cta.x — an app that allows companies and auditors to rapidly develop and deploy automated internal-controls tests, helping them comply with laws and regulations such as Sarbanes-Oxley. It will also help companies garner new... Read Story

The New York Philharmonic’s home will reopen in fall 2022, nearly two years ahead of schedule, thanks in part to behind-the-scenes legal work by Haynes and Boone, LLP. The firm represented the New York Philharmonic in connection with financing that... Read Story

The Private Equity Wire, a leading publication serving institutional investors/wealth managers and their investment managers/advisors across all asset classes, named EisnerAmper LLP its “Best Tax Advisor” at the Private Equity Wire European 2021... Read Story

North Mill Equipment Finance announced the company reached an all-time high in monthly loan and lease originations in March. Funded volume surged to more than $24 million, a growth rate of 53 percent from last March and an increase of 22 percent from... Read Story

Apex Group, a global financial services provider, announced it has expanded Loan Agency services both in support of existing Loan Administration capabilities and in support of Private Equity and Leveraged Finance client needs. This development... Read Story

MSouth Equity Partners IV, L.P. formed MSouth Capital as a provider of private credit and minority equity financing solutions, to meet the needs of companies in the South that have a desire to pursue recapitalizations, acquisitions or other corporate... Read Story

Blank Rome formally announced its national Environmental, Social, and Governance (“ESG”) Team. This multi-disciplinary group is comprised of more than 25 attorneys from across the firm’s offices and practices who have been advising clients for... Read Story

C2FO released a new worldwide survey, which examines the working capital health of more than 6,700 leaders of small and mid-sized businesses ("SMBs"). The survey found alignment across the world when looking at SMBs in terms of access to liquidity... Read Story

Generate announced it is launching a dedicated credit business to provide flexible financing solutions to technology companies and project developers at the forefront of the Infrastructure Revolution. Alfred Griffin, founding president of the NY... Read Story

EQ (Equiniti Group plc) announced that its risk management business, EQ Riskfactor, has launched a series of new reports called the Receivables Finance Global Outlook. New report shows high levels of market optimism with 81% of global... Read Story

EisnerAmper launched NFP Insights, a proprietary benchmarking tool that can compare a nonprofit organization against a database of 500,000 other nonprofits. Designed for tax-exempt organizations, donors, grant makers, board members and family offices... Read Story

Alvarez & Marsal (A&M), launched its Environmental, Social and Governance (ESG) Services practice, led by Managing Director, Julie Hertzberg expanding her existing leadership role within the firm. The ESG Services practice will be integrated with... Read Story

LiquidX welcomed Banco Bradesco to its network. Banco Bradesco, founded in 1943, is the second largest private sector bank in Brazil by total assets, serving clients through 79.9 thousand Service Points, 70 million customers, and 32.3 million account... Read Story

WEX Inc., a leading provider of corporate payment solutions, announced that it is providing certain prospective lenders information for purposes of considering a potential refinancing of its credit facility, including among other things extending the... Read Story

Allvue Systems (“Allvue”) launched its enhanced Fund Performance & Portfolio Monitoring (“FPPM”) Solution to enable general partners (“GPs”) to visualize, aggregate and analyze private equity portfolio data in real-time. The enhancements made to... Read Story

The Federal Reserve Board on Monday announced it will extend its Paycheck Protection Program Liquidity Facility, or PPPLF, by three months to June 30, 2021. The extension will provide continued support for the flow of credit to small businesses... Read Story

GoldenTree Loan Management II ("GLM II") and its affiliated investment manager GoldenTree Asset Management (along with other affiliated investment managers "GoldenTree"), announced the closing of a $698 million collateralized loan obligation ("CLO")... Read Story

Atalaya Capital Management announced the final close of its fifth Asset Income Fund ("AIF V"). The fund closed at its $1 billion hard cap, exceeding the $900 million target. AIF V's diversified limited partner base is comprised of public and... Read Story

Small and mid-sized business owners strongly support vaccinations for COVID-19 and plan to encourage their employees to get the shots, which are central to a return to normalcy, according to the latest PNC semi-annual national small business survey... Read Story

CohnReznick received a second major industry award for its restructuring work for Allentown, Pennsylvania-based Coordinated Health.The 12th Annual Turnaround Atlas Awards recently recognized CohnReznick with its Out-of-Court Restructuring of the Year... Read Story

Clear Thinking Group announced that Partners Joseph Marchese, Patrick Diercks and Brian Allen have earned the Certified Turnaround Professional (CTP) designation by the Turnaround Management Association. The recognition of CTP demonstrates commitment... Read Story

EW GROUP, a German strategic holding company in the field of animal breeding, health, nutrition and diagnostics, announced the acquisition of Hygiena, a leader in food safety and environmental testing solutions. The terms of the transaction have not... Read Story

GovCon Funding Corporation launched its FinTech app for global aerospace, defense and government contractors seeking funding for their capitalexpenditures. This digital initiative is part of GovCon Funding Corporation’s next generation approach... Read Story

EisnerAmper announced that the partners, principals and staff of St. Clair CPAs, P.C., have joined EisnerAmper LLP.Founded in 1986, St. Clair has five partners and 58 professionals. With offices in Merchantville, NJ, and Conshohocken, PA, the firm... Read Story

With economies contracting and unemployment rising, credit risk has moved to the top of the risk management agenda, according to Deloitte’s biennial survey on the state of risk management in the financial services industry globally.Twenty percent of... Read Story

LexisNexis® Risk Solutions unveiled findings on the current State of Fraud, detailing key fraud trends occurring in 2020 for organizations in the United States and Canada while also looking ahead at what to expect in 2021. LexisNexis Risk Solutions... Read Story

Hana Small Business Lending, a wholly-owned subsidiary of Hana Financial, Inc., and OP Bancorp, parent company of Open Bank, announced the signing of an asset purchase agreement pursuant to which OP Bancorp will acquire HSBL’s SBA portfolio.HSBL is a... Read Story

Audax Private Debt announced that, as Administrative Agent and Joint Lead Arranger, it provided a unitranche credit facility to support add-on acquisitions and a refinancing for Cerity Partners, a portfolio company of funds affiliated with Lightyear... Read Story

TriplePoint Venture Growth BDC Corp. expanded its revolving credit facility. The expansion increases the capacity of the Credit Facility from $325 million to $350 million and adds a new lender, First Foundation Bank. The $25 million increase was made... Read Story

Greenberg Traurig was named Restructuring Law Firm of the Year for Middle Markets at Global M&A Network’s 12th Annual Turnaround Atlas Awards held virtually, Jan. 21-22. According to the Global M&A Network website, the Awards honor excellence from... Read Story

Hilco Global facilitated the sale of substantially all of the assets for Shop-Vac to GreatStar in a multi-million dollar transaction that closed on December 24, 2020. The assets acquired in the transaction include Shop-Vac’s intellectual property... Read Story

Citizens M&A Advisory served as the exclusive financial advisor to Health iPASS, Inc., a high-growth, innovative provider of cloud-based patient engagement software and revenue cycle management technology, in its sale to Sphere, backed by Waud... Read Story

Goetz Fitzpatrick announced the addition of a Commercial and Real Estate Finance practice area to their Manhattan-based firm. The new team, consisting of five attorneys and one paralegal, has joined Goetz Fitzpatrick from Sankel, Skurman & McCartin... Read Story

Oxane Partners, a leading technology-driven solutions provider to private markets, announced signing three bulge bracket investment banks across the US and Europe for its illiquid credit portfolio management solution - Oxane Panorama. With more than... Read Story

Christopher & Banks, on January 13, 2021, filed for Chapter 11 reorganization and authorized store closing sales to be conducted by Hilco Merchant Resources.  The store closing process has begun at more than 400 stores nationally.Since 1956... Read Story

Going-out-of-business sales are underway at all 25 Stock+Field stores across the Midwest—an opportunity for enthusiasts of the rural lifestyle to find bargains on thousands of premier items in categories such as farm supplies, outdoor power equipment... Read Story

ABL Advisor's offices will be closed on Monday, January 18 in observance of the Birthday of Martin Luther King, Jr.We will return with our Daily eNews Blast on Tuesday, January 19. Read Story

BancorpSouth Bank announced the signing of a definitive merger agreement with FNS Bancshares, the parent company of FNB Bank, (collectively referred to as "FNS"), pursuant to which FNS will be merged with and into BancorpSouth.FNS, founded in 1900 in... Read Story

Porter Capital announced it will provide additional funding to businesses in need of more than their current PPP loan offers."With the new COVID-19 stimulus package signing, many small business owners can apply for another round of Paycheck... Read Story

Crestmark secured a total of $9,700,000 in ABL financial solutions for four new clients; Crestmark Equipment Finance provided $25,440,689 in ten new lease transactions; Crestmark Vendor Finance provided $5,792,233 in 65 new lease transactions; and... Read Story

BlackArch Partners announced the sale of National Carwash Solutions, a portfolio company of AEA Investors, to Berkshire Partners. National Carwash Solutions is a leading provider of car wash equipment, services and solutions to customers in North... Read Story

Marathon Asset Management announced the final close for its Marathon Distressed Credit Fund, which was oversubscribed with approximately $2.5 billion in commitments. The fund will invest in a wide range of situations by providing capital solutions... Read Story

Essex Capital Group announced that the firm recently served as exclusive financial advisor to CAN Community Health, Inc., resulting in a financial restructuring of the Company through a $91,350,000 taxable bond issue. CAN is a private, not-for-profit... Read Story

In anticipation of making a final construction decision based on a Feasibility Study  for the Las Chispas Project, SilverCrest Metals Inc. announced that its Canadian subsidiary has entered into a credit agreement (the "Credit Agreement") with an... Read Story

Crestmark announced it provided more than $83.9 million in commercial financing to 93 businesses in the first half of December. Crestmark Equipment Finance provided $7,262,607 in six new lease transactions; Crestmark Vendor Finance provided... Read Story

Walgreens Boots Alliance, Inc. entered into a revolving credit agreement with the designated borrowers and lenders led by Wells Fargo Bank, National Association as administrative agent and swing line lender.The Credit Agreement includes (i) a $1.25... Read Story

Centre Lane Partners, a leading private investment firm focused on private equity and private credit investments in the North American middle market, announced that it has entered into a partnership with Investcorp's Strategic Capital Group (ISCG).... Read Story

The Community Financial Corporation, the holding company for Community Bank of the Chesapeake, announced that on December 17, 2020 the Board of Directors appointed Michael B. Adams, James M. Burke, Gregory C. Cockerham and James F. Di Misa to the... Read Story

Prospect Capital Corporation announced that Prospect has purchased $25 million of first lien senior secured floating rate notes issued to support the recapitalization of KM2 Solutions, LLC (“KM2”), led by affiliates of H.I.G. Capital, LLC... Read Story

While COVID-19 has meant tremendous economic hardship across all business sectors, executives widely feel employees have risen to the occasion regarding productivity as a result of much of the country utilizing a work-from-home (“WFH”) model.... Read Story

CIT Group's annual partnership with Feeding America® has helped provide Two Million Meals to people in need this holiday season. With the support of its customers, employees and followers, the company brought awareness to the pressing issue of food... Read Story

TriplePoint Venture Growth BDC Corp., the leading financing provider to venture growth stage companies backed by a select group of venture capital firms in the technology and other high growth industries, announced it has extended and expanded its... Read Story

Hilco Global announced a donation of new winter coats and winter accessories to underserved communities in Chicago, Philadelphia, and Boston totaling over $1,020,000 in retail value. The “Hilco Helps Warm the Winter” initiative is part of Hilco’s... Read Story

Focus Lender Services and Gerrard Group have joined forces for greater efficiency, cost savings and other advantages when combining field examinations and inventory appraisals. By having Focus Lenders Services Group (FLSG) perform the field exam and... Read Story

Piper Sandler Companies, a leading investment bank, announced that it has entered into a definitive agreement to acquire TRS Advisors. TRS Advisors is an independent advisory firm focused on advising and executing restructurings, reorganizations and... Read Story

In early September, the seven-day average in new COVID-19 cases in the U.S. had reached its lowest point since late June, but then steadily increased and nearly doubled by late October. Instead of increasing along with the virus, executives'... Read Story

AlixPartners, the global consulting firm, announced that Lisa Donahue, Joint Global Head of Turnaround & Restructuring Services (TRS), has received the Harvey R. Miller Outstanding Achievement Award for service to the restructuring industry. The... Read Story

In the spirit of Giving Tuesday, Gordon Brothers, the global advisory, restructuring and investment firm, has announced the firm’s shareholders completed $1 million in donations to charities supporting communities across the globe impacted by... Read Story

Blackstone Holdings Finance Co. L.L.C., and Blackstone Holdings AI L.P., Blackstone Holdings I L.P., Blackstone Holdings II L.P., Blackstone Holdings III L.P. and Blackstone Holdings IV L.P., as guarantors (collectively, the “Guarantors”), entered... Read Story

Corporate leaders now identify fear of further shutdowns from a new wave of COVID-19 infections as their top concern (54 percent), outpacing the implications of a global economic downturn (41 percent), according to the latest results of PwC’s Road to... Read Story

A review of a large sample of M&A and LBO transactions originated between 2015 and 2019 shows that overall, addbacks inflated marketing EBITDA by an average of over 28% and accounted for 54% of reported last-12-months EBITDA at deal inception. The... Read Story

ABL Advisor's offices will be closed on Thursday, November 26 and Friday, November 27 in observance of Thanksgiving. We will return with our Daily eNews Blast on Monday, November 30, 2020.We wish all of our readers a very safe and happy Thanksgiving... Read Story

U.S. institutional term loan defaults are on pace for the lowest monthly total since this summer, according to Fitch Ratings in a new report.After jumping to $6.3 billion of defaults in October, November stands at $0.2 billion thus far and could best... Read Story

Hilco Redevelopment Partners (HRP), a unit of Hilco Global, announced the purchase of the approximately 20-acre Potomac River Generating Station (PRGS) site in Alexandria, VA. In an agreement negotiated with Potomac Electric Power Company (Pepco)... Read Story

Crestmark secured a total of $6,050,000 in ABL financial solutions for five new clients in the first half of November. On Nov. 4, a $750,000 ledgered line of credit facility was provided to a healthcare services provider in Utah. The financing... Read Story

Buhler Industries Inc. (Buhler Industries) announced the closing of a $15M mortgage with CIBC and guaranteed in part by EDC.  The mortgage has a seven year amortization and is backed by property.  The mortgage has a two year term to coincide with the... Read Story

Pivotree Inc. ("Pivotree" or the "Company"), a leading global commerce and master data management ("MDM") services provider, today announced the early retirement of its $9.0 million term facilty ("Credit Facilty") with Beedie Investments Ltd.... Read Story

A&G Real Estate Partners formally announced the creation of a dedicated Financial Reporting & Property Analysis Group serving stakeholders across all sectors of real estate. Led by Senior Managing Director Douglas Bennett—formerly Vice President of... Read Story

The introduction of a central bank digital currency (CBDC) raises long-standing questions relating to the provision of public and private money, and the ability of the central bank to use CBDC as a means for transmitting monetary policy directly to... Read Story

CIT Group Inc. announced the start of its annual partnership with Feeding America and this year, will double its commitment in the fight against hunger and help donate Two Million Meals for people struggling with food insecurity across the... Read Story

Hedgeweek, one of the hedge fund industry’s leading publications, announced that EisnerAmper LLP was voted the “Best North American Accounting Firm” at its Hedgeweek USA Awards 2020, held virtually on October 29. The winners were voted upon by... Read Story

Franklin Capital, a leading finance company, dedicated to helping small to medium-sized businesses meet their cash flow needs, is pleased to announce our participation in the SFNet’s 76th Annual Convention, the largest gathering of secured finance... Read Story

Phoenix Management announced that Rodney Gayle, Managing Director of Phoenix Management Services, has been awarded the designation of Certified Turnaround Professional (CTP). As a financial leader, Rodney has more than 30 years of experience managing... Read Story

Hilco Global announced that it has donated an additional $50,000 to the All Stars Project in Chicago. The donation is part of an ongoing company program called Hilco Helps, Hilco Global’s philanthropic arm that supports its corporate and employee... Read Story

The U.S. Small Business Administration announced Fiscal Year 2020 summary loan data of the financial assistance provided through traditional loan program lending as well as aid provided via the CARES Act. Loans guaranteed through traditional SBA... Read Story

B. Riley Advisory Services has announced the opening of an office in Mexico. B. Riley Advisory Services de Mexico. S. de R.L. (“B. Riley Advisory Services de Mexico”) will be led by Gaston Mauvezin, a seasoned executive with 20+ years of leadership... Read Story

Cassel Salpeter & Co., an independent investment banking firm that provides advice to middle market and emerging growth companies in the U.S. and worldwide, announced it acted as exclusive financial advisor to Westchester General Hospital in... Read Story

The Dixie Group announced the successful negotiation of a $75 million, five year, senior secured revolving credit facility with Fifth Third Bank providing for borrowing based on percentages of values of the company's accounts receivable and inventory... Read Story

Star Mountain Capital, LLC, a specialized investment manager focused on the goal of generating alpha for its clients from the complex, labor intensive and underserved U.S. lower middle-market (established small and medium-sized private businesses... Read Story

Market Alpha Advisors, a financial markets advisory firm that specializes in market structure and financial technology, today announced an agreement with RSM US LLP (RSM), the leading provider of audit, tax and consulting services focused on the... Read Story

Citizens Financial Group has appointed Donald Felix to drive the national expansion of its digital Consumer Banking capabilities.Felix will join Citizens in January as Head of National Banking, reporting to Eric Schuppenhauer, President of Consumer... Read Story

Cozen O’Connor was awarded the Philadelphia Bar Association’s inaugural Bar Champion Award at today's Fall Quarterly meeting. The award was created by association staff to honor law firms, law departments, legal service organizations, or law schools... Read Story

TAB Bank opened a Small Ticket Accounts Receivable (STAR) Financing office in Plano, Texas. The new office has a team of 22 commercial finance professionals and will underwrite and manage credit facilities under $1 million.  Approximately 400... Read Story

itizens and EVERFI today announced the introduction of a digital education program aimed at helping empower high school juniors and seniors to make wise financial decisions early when planning for post-secondary education. The new program leverages a... Read Story

Crestmark secured a total of $30,557,358 in ABL financial solutions for 13 new clients; Crestmark Equipment Finance provided $2,309,779 in two new lease transactions; Crestmark Vendor Finance provided $8,572,042 in 117 new transactions; the... Read Story

A&G Real Estate Partners has completed bankruptcy court-approved sales of Stage Stores, Inc.’s Jacksonville, Texas distribution center and two other properties to two buyers. The Melville, N.Y.-based A&G has been serving as real estate advisor for... Read Story

On behalf of Banner Bank, President and Chief Executive Officer Mark J. Grescovich announced the creation of the Banner Bank Small Business Opportunity Fund to help address social and racial injustice by augmenting the economic viability of... Read Story

Apex Group Ltd. (“Apex”), a global financial services provider, announced that it has been appointed to provide fund administration to the USD 200 million “Financing Opportunities Fund” of SHUAA Capital psc (“SHUAA”), the leading asset management and... Read Story

nCino, Inc., a pioneer in cloud banking and digital transformation solutions for the global financial services industry, announced that Fifth Third Bank has selected the nCino Bank Operating System as a foundational technology platform to help the... Read Story

Tiger Group is now accepting offers for bulk purchases of inventories from six facilities on the east and west coasts operated by American Medical Depot (AMD), a major distributor of medical equipment and supplies that is now winding down its... Read Story

Cascadia Capital (“Cascadia”) is tackling the Fourth Industrial Revolution head-on leveraging existing internal expertise to launch one of the nation’s first emerging growth investment banking practice groups dedicated to Robotics, Automation, and... Read Story

Sallyport Commercial Finance helps a service provider in the oil and gas sector meet critical time lines to meet payroll.  The business found itself short on funds as they tapped out their PPP funding and scrambled to cover payroll.  In less than a... Read Story

Haynes and Boone, LLP released its fall roundup of data offering detailed insights into the state of the energy industry.The data includes the firm’s latest “Borrowing Base Redeterminations Survey,” which captures September polling of executives at... Read Story

TradeCap Partners recently closed two PO Finance facilities totaling $18 million for two government contractors selling personal protective equipment (PPE). One contractor was a woman owned business with extensive experience in sourcing PPE. The... Read Story

HPD LendScape announced it has partnered with Emirates Development Bank (EDB) to launch UAE’s National Supply Chain Finance (SCF) platform, giving UAE businesses improved access to working capital, particularly as they cope with the added pressures... Read Story

A new survey by Chase Bank finds that 35% of small business owners stated that the coronavirus pandemic would have forced their business to close without e-commerce; 44% of small business owners who sell products/services online have seen a boost in... Read Story

NFIB’s Research Center released the latest survey relating to COVID-19 and its impact on the small business economy. The majority of Paycheck Protection Program (PPP) borrowers have used all of their loans and are preparing to apply for... Read Story

EisnerAmper, one of the largest accounting, tax and business advisory firms in the U.S., announced that it has earned ClearlyRated’s “Best of Accounting” Award for excellence in client service for the fourth consecutive year.From ClearlyRated’s... Read Story

For the second year in a row, KeyBank joins Entrepreneur magazine's list of Top Franchise Suppliers, ranking the regional bank among some of the best in the nation to empower franchisees to launch, grow, expand or evolve their businesses. This year... Read Story

Citizens Bank today announced that it has awarded 100 grants of $15,000 each totaling $1.5 million to minority-owned small businesses across its service areas as part of its previously announced $10 million investment to help drive social equity and... Read Story

Cambridge Wilkinson has successfully arranged $35 million in debt financing for a private credit fund, when one of its lenders created a "Net Asset Value ("NAV") facility backed by the client's fund portfolio."Our fund client has deep experience... Read Story

AlixPartners, the global consulting firm, announced that Lisa Donahue, Global Joint Head of Turnaround & Restructuring Services, has been named to Crain’s annual list of Notable Women in Accounting and Consulting.The list recognizes women in the New... Read Story

Stonebriar Commercial Finance, an independent large-ticket commercial finance company, announced it has privately placed $90 million of senior unsecured notes maturing in 2025 and 2027. The notes mark Stonebriar’s second such issuance since 2019 and... Read Story

Alvarez & Marsal (A&M) has released its Compensation & Benefits “2020/2021 Oil and Gas Oilfield Services Compensation Report.” The A&M report analyzes executives’ and board of directors’ compensation arrangements at the largest U.S. oilfield services... Read Story

The Federal Reserve Board issued an Advance Notice of Proposed Rulemaking (ANPR) that invites public comment on an approach to modernize the regulations that implement the Community Reinvestment Act (CRA) by strengthening, clarifying, and tailoring... Read Story

GreenSpace Brands Inc. announced that it has entered into a new credit facility with Pivot Financial Inc. to replace its previous ABL facility. The structure and conditions of the new debt facility (the "New Facility") include a $3.5 million term... Read Story

BXS Community Fund LLC, a subsidiary of BancorpSouth Bank, has donated $65,800 to Sally Kate Winters Family Services—a nonprofit organization that provides emergency shelter and other programs in Mississippi.The donation will assist the organization... Read Story

Stellus Capital Investment Corporation  announced  that on September 18, 2020 it entered into an amendment and extension of its $230 million Senior Secured Revolving Credit Agreement (the "Facility"). The Company extended the commitment termination... Read Story

As part of its continued commitment to the environment, Webster Bank today announced it has made a contribution to the East Coast Greenway Alliance for the second year in a row.Webster's donation to the East Coast Greenway will be used to continue... Read Story

Since the start of the pandemic, 488 loans totaling over $13 billion, have been granted coronavirus debt relief through the end of August 2020; this represents approximately 2% of the Fitch-rated CMBS universe by loan count.Debt relief measures have... Read Story

Hilco Global announced the recipients of its Hilco Scholars Scholarship Program to Little Village residents Sebastian Chaidez and Carla Prado. The Hilco Scholars program, now in its second year, began accepting submissions for its 2020 award cycle in... Read Story

Finitive, a private credit platform providing institutional investors with direct access to alternative lending investments, today announced that it has facilitated a credit facility for a specialty finance company that buys distressed small business... Read Story

Bullhorn, the cloud computing company that helps staffing and recruiting organizations transform their businesses, announced that Stone Point Capital will become the lead investor to power the next phase of the company’s growth. Insight Partners and... Read Story

LBC Credit Partners provided a senior secured term loan facility to support the investment in iVision by CIVC Partners, in partnership with the existing management team.iVision, headquartered in Atlanta, Georgia, is a leading managed services and... Read Story

EisnerAmper’s 5th Annual Alternative Investment Summit will be held virtually on Thursday, September 24, 2020. This year’s theme: “2020: A Year of Change” will take a fresh look at where the alternative investment industry is headed.This has been a... Read Story

The NFIB Research Center released a Small Business Economic Trends Industry-specific survey highlighting the construction, manufacturing, retail and services industries. NFIB released a previous quarterly report in May 2020.“Small businesses are... Read Story

ABL Advisor's offices will be closed on Monday, Sept. 7 in observance of Labor Day. We will return with our Daily eNews Blast on Tuesday, Sept. 8.We wish all of our readers a safe and happy holiday! Read Story

Huntington Bancshares Inc. announced a $20 billion, five-year lending, investment and philanthropic commitment to help improve financial opportunities for the consumers, businesses and communities it serves throughout its seven-state, Midwest... Read Story

William Bonnell, Executive Vice President, Risk Management, and Chief Risk Officer, National Bank of Canada, was elected Chair of The Risk Management Association (RMA). Michael Nassy, Executive Vice President and Chief Credit Officer, FVCbank, was... Read Story

eOriginal announced the release of ClosingCenter 2.2, anchored by enhanced pre-closing capabilities, increasing the efficiency and convenience of digital closings for lenders, borrowers and settlement agents.   ClosingCenter Pre-Close provides... Read Story

PRA Group, Inc., a global leader in acquiring and collecting nonperforming loans, announced that it extended and amended its North American credit facility on August 26, 2020. Bank of America, N.A., served as Administrative Agent, and Bank of America... Read Story

Nearly 60% of mid-size businesses report having unmet needs related to reducing risk exposure, naming crisis management and customized advice as the top unmet needs for reducing those risks, according to the QBE North America 2020 Mid-Sized Company... Read Story

Shiloh Industries announced that it has entered into a stalking horse stock and asset purchase agreement with Grouper Holdings, LLC (“Grouper”), a subsidiary of MiddleGround Capital LLC (“MiddleGround”) pursuant to which Grouper will acquire... Read Story

OneWest Bank, CIT's Southern California retail bank division, launched its second annual Bank on Building a Brighter Community program to give back to local area school children. In partnership with the Pasadena, Metro Los Angeles, Santa Monica, and... Read Story

Haynes and Boone, LLP Denver Partner Dan Malone led a team representing Birch Benders LLC in the sale of its business to Sovos Brands for an undisclosed price. The transaction is expected to close by the end of October. Sovos is a food company backed... Read Story

Citizens M&A Advisory served as the exclusive financial advisor to OSG, an Aquiline Capital Partners portfolio company, on its divestiture of Applied Revenue Analytics ("AppRev"), a provider of revenue cycle optimization and revenue integrity... Read Story

Wells Fargo announced that Mark A. Chancy has been elected to the company’s board of directors, effective immediately. Chancy will serve on the board’s Audit Committee and Risk Committee.Chancy was most recently vice chairman and co-chief operating... Read Story

Alpha Guardian may be a leader in secure storage, but after its 2017 merger left the company in excess of $120 million in debt, it took the trusted bankruptcy experts lead by Nicholas Rubin of Force 10 Partners and Gregory Garman of Garman Turner... Read Story

Sterling National Bank announced its support of the Business Outreach Center (BOC) Network, a New York City-based community development organization. This new partnership will provide recovery assistance and relief to minority and women owned small... Read Story

Vertical IQ, a Raleigh-based Industry Intelligence firm that helps thousands of professionals who advise small and medium-sized businesses (SMBs), has significantly expanded its "Industry Risks" chapter, which will now be called "Credit Underwriting... Read Story

TD Bank announced that it is launching TD Online Accounting to provide a convenient, integrated payment and accounting experience for its small and closely held business customers to conduct banking and bookkeeping activities through TD's Small... Read Story

Real-time payments (RTP), the emerging standard in U.S. billing and payment processing, continues to gain traction among businesses with nine out of 10 business leaders reporting interest in the network, according to Citizens Commercial Banking’s... Read Story

U.S. Bank announced today details of a $15 million Rebuild and Transform Fund, which will help small businesses impacted by civil unrest and support organizations working to address systemic economic and racial inequities. The U.S. Bank Foundation... Read Story

As the fight against the coronavirus continues, Peapack-Gladstone Bank has focused on its unwavering support of nonprofits, local organizations and food banks through monetary donations, volunteer engagement and community service. Ensuring food... Read Story

Centric Bank, a wholly owned subsidiary of Centric Financial Corporation, has been recognized as one of American Banker's Top 200 Community Banks in the U.S. for the second consecutive year, as well as one of Independent Banker's Top Lenders for 2020... Read Story

The longest continuously operating Black-owned investment banking firm in the country, Blaylock Van, LLC is helping more investment managers, pension funds and companies interested in diversifying their inclusion of Black- and women-owned firms in... Read Story

Chicago-based Hilco Redevelopment Partners through their charitable organization, Hilco Helps, is announcing the donation of $42,000 to the Chicago Public School’s Foundation called Children’s First Fund, to support their annual Summer Reading... Read Story

U.S. Bank Community Development Corporation (USBCDC) announced $1.15 million in grants to more than a dozen Black-led Community Development Financial Institution (CDFI) partners and—in partnership with the U.S. Bank Foundation—a grant to the African... Read Story

nCino, Inc. announced that $18.2 billion-asset Seattle-based WaFd Bank has deployed the nCino Bank Operating System to increase and digitize its commercial lending efficiency and improve the client experience. WaFd was also able to utilize nCino for... Read Story

Yieldstreet Private Business Credit (“PBC”), a provider of single and multi-tranche term loans and participations to finance companies, banks, credit funds and private equity-backed companies has closed a $16.7M Supply Chain Financing and a $1.5M... Read Story

Oaktree Strategic Income Corporation, a specialty finance company, announced its financial results for the fiscal quarter ended June 30, 2020.Financial Highlights for the Quarter Ended June 30, 2020Net asset value ("NAV") per share was $8.47 as of... Read Story

Significant hotel sector performance deterioration as a result of the coronavirus pandemic and recession make the assignment of ratings to new US commercial mortgage-backed securities (CMBS) single-asset single-borrower (SASB) hotel transactions... Read Story

Alterna Capital Solutions, a specialty and alternative financing lender to small businesses experiencing growth, announced the completion of an additional $15 million private equity investment from Alterna Equity Partners, coinciding with a line... Read Story

CIT Group Inc. announced it has made a donation to provide enough fresh food for 100,000 meals to Table to Table, a community-based food rescue program that redistributes would-be wasted food to those in need. The donation addresses food insecurity... Read Story

Experity Ventures, LLC (EV) announced that it has closed on a structured credit facility for an initial $65 million and up to $100 million to support the growth plan for ProMed Capital. ProMed is a newly acquired portfolio company of... Read Story

MSD Partners, L.P. announced the final closing of its MSD Special Investments Funds. The Funds closed with approximately $825 million in commitments, well above its initial $500 million target.  Michael Dell and his family, together with MSD Partners... Read Story

Rally Capital Advisors, a middle market financial and transaction advisory firm has successfully sold substantially all of the assets of Arlington Plating Company (APC) to Garth Davies, a plating industry veteran, and also owner of  Midwest... Read Story

Bryant Park Capital (BPC) announced that Multi Funding, Inc. recently closed on a $30 million senior debt transaction with a leading international bank. This capital injection will allow the company to accelerate top line revenue, expand its physical... Read Story

CIT Group (CIT) announced that it has made a donation to The Arc of the Bay, a nonprofit organization based in Lynn Haven, FL that provides support and opportunities for adults with disabilities.The donation supports the organization's Culinary... Read Story

Trive Capital, a Dallas, Texas based private equity firm, announced its renewed focus on the building products sector with the addition of Tyrone “Ty” Johnson as an Operating Partner.  Mr. Johnson brings valuable sector expertise to the Operating... Read Story

BMO Private Banking, part of BMO Private Wealth, has been awarded Best Private Bank Canada, 2020 by World Finance Magazine. BMO Private Banking received this distinction from the international publication for the 10th consecutive year.The 2020 World... Read Story

Cargojet Inc. announced that it has amended its syndicated committed revolving credit facility in order to, among other things, increase the revolving credit limit from $510 to $600 million and to extend the maturity date to July 16, 2025.  The... Read Story

Hilco Global has issued a timely report on the impact of diminished import/export volume on the chassis segment of the intermodal industry, how providers and end-users have responded during the current crisis, and the likely path forward for industry... Read Story

Focus Management Group announced a live Webinar on July 23rd at 1 PM EST on evaluating a borrower’s short-term cash needs using only the information in a basic loan file.The webinar will demonstrate how to use financial statements to evaluate the... Read Story

Owl Rock Capital Corporation (NYSE: ORCC) announced that it has priced an underwritten public offering of $500 million in aggregate principal amount of 4.250% notes due 2026. The notes will mature on January 15, 2026 and may be redeemed in whole or... Read Story

Grant Thornton LLP has earned a top-score of 100% on the 2020 Disability Equality Index® (DEI), a national benchmarking tool on corporate policies and practices related to disability inclusion and workplace equality. The DEI is a joint initiative of... Read Story

Following an April industry-leading commitment to donate all gross processing fees from the Paycheck Protection Program, Wells Fargo unveiled the details of an approximately $400 million effort to help small businesses impacted by the ongoing... Read Story

Leading nationwide small business lender Breakout Capital announced today the completion of two senior secured credit facilities, totaling $20MM, with Medalist Partners, expanding and extending a current term loan facility and establishing a new term... Read Story

ProSight Global, Inc. announced that it has closed a $65 million revolving credit facility. This announcement follows ProSight's June 16 announcement of a $165 million delayed draw term loan to refinance $165 million of existing indebtedness maturing... Read Story

Recruitment Investments is a UK based group of business owners who specialise in buying and selling successful organisations within the recruitment sector. The group is headed up by Recruitment Investments Limited and consists of trading entities:... Read Story

ABL Advisor's offices will be closed on Friday, July 3 in observance of Independence Day. We will return with our Daily eNews Blast on Monday, July 6. We wish all of our readers a safe and happy holiday! Read Story

Horizon Technology Finance Corporation, a leading specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services, and... Read Story

White Oak Commercial Finance Europe (WOCFE), a leading provider of Senior Secured financial solutions to small and medium sized enterprises (SMEs), mid-market, private equity (PE)-owned and PLC firms across the UK and Europe, announced the official... Read Story

Grant Thornton LLP has named Lisa Walkush as its national managing principal of its Industry program, effective immediately. She will also serve on the firm’s National Leadership Team.In this new role, Walkush will oversee all strategy and operations... Read Story

Sallyport Commercial Finance arranges a $2,000,000 Accounts Receivable facility including a $500,000 Cash Flow Loan to a company that provides due diligence and document management solutions.“Listening and understanding our entrepreneurs needs and... Read Story

Cavotec has during the past months conducted a competitive process to procure a new long term credit facility, resulting in competing bids involving several bank consortia. After careful evaluation Cavotec has chosen a consortium led by Credit Suisse... Read Story

Castleton Commodities International LLC announced  the closing of a $2.4 billion committed borrowing base facility.  The Facility consists of a $750 million 3-year tranche, a $1.15 billion 2-year tranche and a $500 million 364-day tranche.  The... Read Story

The Goldman Sachs Group, Inc. announced it will commit an additional $250 million to fund the Small Business Administration’s Paycheck Protection Program (“PPP”) loans through Community Development Financial Institutions (“CDFIs”) and other... Read Story

Gartner, Inc. announced  that it has commenced an unregistered offering of $500 million in aggregate principal amount of Senior Notes due 2028 (the “Notes”). Gartner intends to use the net proceeds from the offering of the Notes, together with cash... Read Story

The Federal Reserve Board announced updates to the Secondary Market Corporate Credit Facility (SMCCF), which will begin buying a broad and diversified portfolio of corporate bonds to support market liquidity and the availability of credit for large... Read Story

Franklin Capital announced the completion of two new Accounts Receivable Financing facilities.The company provided a $1,000,000 Accounts Receivable Financing facility to a supplier of personal protective equipment (PPE). The business previously sold... Read Story

DemandStar, the open marketplace for bidding on government contracts, today announced that it closed a $2 million seed round to connect local governments with a greater diversity of businesses.“When governments increase competition and bring the best... Read Story

North Mill Capital announced the funding of a $750,000 Accounts Receivable Facility to GearTek, Inc. The funds were used to pay off the previous lender and to provide additional working capital for the company.Founded in 1986, GearTek, Inc.... Read Story

Some 56 percent of business executives said their companies had sought relief funds through the Paycheck Protection Program (PPP), a $660 billion initiative under the CARES Act designed to protect small businesses and their employees, a survey by the... Read Story

Medley Capital continues to explore strategic alternatives seeking to maximize shareholder value. Houlihan Lokey, the Special Committee’s financial advisor, has commenced a strategic review process, which is ongoing.Most recently the company... Read Story

East West Bank and and M&T Bank closed on a 1-year $75MM senior secured revolving line of credit for CC1 Holdings, LLC, and CC2 Holdings, LLC, each a wholly- owned entity of Charlotte-based, specialty investment platform Cazenovia Creek Investment... Read Story

Ares Management Corporation (the “Company”) (NYSE:ARES) announced that its indirect subsidiary, Ares Finance Co. II LLC, intends to offer senior notes (the “notes”), subject to market and other conditions. The notes will be fully and unconditionally... Read Story

Florida company Fund&Grow announced that a new business credit funding program is now available for small businesses, startups and real estate investors looking to obtain unsecured funding fast.Fund&Grow, a company providing financial and strategic... Read Story

Baker Donelson was named a winner in the 2nd Annual USA Middle Market Atlas Awards. The awards, presented by the Global M&A Network, recognize the achievements of influential dealmakers and leaders, outstanding firms and the best growth-delivering... Read Story

Digitalization is no longer just a competitive edge for the corporate elite. According to a new report by BDO, rapid advancements in emerging technologies has paved the way for businesses of all sizes to tap into the power of digital, enabling them... Read Story

Moody's Investors Service says that the US cruise sector is bracing for bleak performance over the next two years, as coronavirus pandemic pressures have cut a deep wake through the sector's performance since February and resulted in a rash of cruise... Read Story

CFG Merchant Solutions (CFGMS), a financier of small and medium-sized enterprises (SMEs), announced today that the company is building upon its partnership with Arena Investors, LP (Arena), in conjunction with Ceteris Portfolio Services (“Ceteris)... Read Story

The federal financial institution regulatory agencies issued principles for offering small-dollar loans in a responsible manner to meet financial institutions customers' short-term credit needs.The Federal Reserve Board, the Federal Deposit Insurance... Read Story

Organigram Holdings Inc., the parent company of Organigram Inc., a leading licensed producer of cannabis, announced that the Company has amended its credit agreement dated May 31, 2019, with Bank of Montreal (“BMO”) as lead arranger and agent as well... Read Story

CIT Group Inc. announced it has won three Stevie American Business Awards for business excellence. The awards include a Gold award for Achievement in Management – Banking, a Silver award for FinTech Solution and a Silver award for Corporate Social... Read Story

With continued economic uncertainty regarding how the global pandemic will disrupt key supply chains and buying patterns, combined with turbulence in the oil markets, it is likely that lenders will begin to pare back their respective risk appetites.... Read Story

ABL Advisor's offices will be closed on Monday, May 25 in observance of Memorial Day. We will return with our Daily eNews Blast on Tuesday, May 26.We wish all of our readers a very safe and happy holiday! Read Story

The NFIB Research Center released a survey on the status of the small business loan programs. Among NFIB members, 80 percent applied for a Paycheck Protection Program (PPP) loan and almost 90 percent have received the loan. Most of the loans were... Read Story

Sprague Resources LP, the parent company of Sprague Operating Resources LLC and Kildair Service ULC, announced the signing of a second amended and restated senior secured credit agreement with MUFG Bank, LTD, as Administrative Agent, MUFG Bank LTD.... Read Story

Cohere Capital Partners (“Cohere”), a Boston-based private equity firm focused exclusively on middle market growth companies, announced the successful closing of its debut fund, Cohere Capital Fund I, LP (the “Fund”) at $200 million. The Fund closed... Read Story

In the coming weeks and months, financial institutions will start to receive an influx of loan forgiveness applications as a result of the U.S. government’s Paycheck Protection Program (PPP). The PPP allocated billions of dollars in federally... Read Story

Stellus Capital Investment Corporation announced that it has increased commitments under its revolving credit facility  to $230 million, extended the commitment termination date of the Facility to March 10, 2021, and amended certain covenants and... Read Story

1st Commercial Credit has contracted seasoned bankruptcy attorneys to expedite DIP Financing request with an average funding time frame under 2 weeks.Raul Esqueda, President of 1st Commercial Credit says, "I am seeing many companies struggling with... Read Story

Cushman & Wakefield plc announced that its indirect wholly owned subsidiary, Cushman & Wakefield U.S. Borrower, LLC, plans to conduct an offering of up to $400,000,000 in aggregate principal amount of senior secured notes due 2028 (the “Notes”) in a... Read Story

A survey of trends in U.S. middle market lending conducted by Carl Marks Advisors found that a significant majority of respondents believe the lending markets will reopen for well-capitalized companies by the end of 2020, but less than a third... Read Story

U.S. broadly syndicated loan (BSL) CLOs under Fitch Ratings' surveillance had noticeable portfolio-quality erosion and concentration limit excesses in April 2020, Fitch shows in its inaugural Monthly U.S. CLO Index. In just one month - since March... Read Story

Negative interest rates are coming and investors will now be looking to bolster their portfolios to "get ahead of the curve and build wealth," says the CEO and founder of one of the world’s largest independent financial advisory organizations.deVere... Read Story

Ares Australia Management (AAM), the strategic joint venture between one of the leading global credit and alternative investment managers Ares Management Corporation and Fidante Partners, launched its first Australian product, the Ares Global Credit... Read Story

The NFIB Research Center released a survey on the small business loan programs. Small business owners were asked about the Paycheck Protection Program (PPP) and the Economic Injury Disaster Loan (EIDL) programs. The PPP is very popular among small... Read Story

Crestmark is pleased to announce they have funded more than $215 million for small businesses through the Paycheck Protection Program (PPP), part of the SBA CARES stimulus package. More than 670 small businesses were funded by Crestmark as part of... Read Story

Marriott International announced it has signed amendments to its existing co-brand credit card agreements with JPMorgan Chase & Co. (“Chase”) and American Express. These amendments will provide the company with $920 million of cash, further enhancing... Read Story

Orange Bank & Trust Company announced the successful processing of over 700 small business loan applications for local business customers, totaling more than $100 million.  These applications were funded under the federal Paycheck Protection Program... Read Story

First Financial Northwest Bank employees ended their “#30nonprofitsin30days” fundraising campaign on May 1, 2020 with a grand total of $50,820 to be divided among 30 nonprofits throughout King, Snohomish, and Pierce Counties.Employees nominated 30... Read Story

Capitala Group, a leading provider of capital to lower middle market companies, announced today that the United States Small Business Administration (SBA) issued a “green light1” approval letter inviting Capitala Group to submit a small business... Read Story

The fourth release of PwC’s COVID-19 CFO Pulse Survey reveals 77 percent of U.S. chief financial officers (CFOs) anticipate changing workplace safety measures upon returning to on-site work. As employers focus on protecting employees, 65 percent... Read Story

Samsonite International S.A., the world's best-known and largest lifestyle bag and travel luggage company, announced it has completed the syndication and allocation of a new term loan borrowing and amended its credit agreement to provide financial... Read Story

Banco Santander announced the completion of its purchase of a c.50.1% stake in Ebury, one of the best international payment, FX and international cash management platforms for SMEs, after obtaining all regulatory approvals from the required... Read Story

BMO Financial Group today announced a donation of $100,000 to charities in Nova Scotia to help communities affected by the recent tragedy."Communities across the province are coping with the horrifying aftermath of these events, and we are here to... Read Story

LGB Corporate Finance announced that it has arranged a £20 million Medium Term Note (MTN) program for Simply Asset Finance, a leading private equity backed specialist asset finance provider. The facility will enable Simply Asset Finance to expand its... Read Story

Wereldhave N.V. announced the launch of the Green Financing Framework and has agreed under this framework a new Green Revolving Credit Facility of €100 million with ABN AMRO Bank N.V. as a sole lender.Dennis de Vreede, CFO of Wereldhave:... Read Story

Lendsmart and Griffin Technologies, two fintech companies building software for banks and credit unions, have partnered to provide their customers a complete end-to-end solution for the Small Business Association’s (SBA) Paycheck Protection Program... Read Story

BMO business clients can apply for financial relief measures offered jointly with Export Development Canada (EDC), as part of the Government of Canada's Business Credit Availability Program. To apply for the EDC relief program, business clients must... Read Story

The Federal Reserve on Thursday announced that its Paycheck Protection Program Liquidity Facility is fully operational and available to provide liquidity to eligible financial institutions, which will help support small businesses.The Small Business... Read Story

OnDeck announced it is partnering with a top SBA lender to serve small business owners seeking funding under the Small Business Administration’s (SBA) Paycheck Protection Program (PPP).  “OnDeck recognizes that operating a small business during the... Read Story

Survey results published today by the Association for Corporate Growth (ACG), a worldwide network of 90,000 middle-market professionals, show a devastating impact if Congress votes to again exclude lower middle-market companies, majority-owned by... Read Story

The approval percentage for small business loan applications at big banks ($10 billion+ in assets) plummeted to just 15.4% from a post-recession high of 28.3% in February 2020, according to the Biz2Credit Small Business Lending Index.“This is a... Read Story

Fitch Ratings will apply an updated stress scenario to all CLO portfolios globally for exposure to issuers that have greater vulnerability to disruptions caused by the coronavirus pandemic, the company said. The agency applies a one-notch rating... Read Story

Twenty-three percent of North American high yield corporates have experienced, or are likely to experience, material damage from the coronavirus pandemic, while 36% have low rating headroom relative to their negative rating sensitivities, according... Read Story

United Fire & Casualty Company, a wholly owned subsidiary of United Fire Group, Inc. ("UFG," the "Company"), entered into a credit agreement (the "Credit Agreement") with Wells Fargo Bank, National Association ("Wells Fargo") providing for a $50... Read Story

Gemspring Capital, a lower middle-market private equity firm, announced the formation of its second fund, Gemspring Capital Fund II (“Fund II”), with $750 million of capital commitments.Gemspring secured commitments for Fund II from a globally... Read Story

CIT outlined a $1 million community commitment to support those affected by COVID-19. These resources will provide some immediate relief to New York City and L.A. County, the respective headquarters for the company and its bank subsidiary. In... Read Story

Cooper Standard announced that it has further enhanced its financial liquidity position through the renewal of its asset-based revolving credit ("ABL") facility and its European receivables factoring facility.  Bank of America served as agent to an... Read Story

CNL Strategic Capital, LLC closed on a $12.5 million investment in Transition Finance Strategies LLC, which does business under the name Blue Ridge ESOP Associates (Blue Ridge). This is the sixth company in CNL Strategic Capital’s portfolio.CNL... Read Story

Fifth Third Bank, National Association, today provided additional detail on immediate steps it is taking to help customers impacted by the pandemic, augmenting its prior announcement last week to include new small business customer-centric provisions... Read Story

BMO has introduced measures to help Canadian businesses experiencing financial pressures as a result of COVID-19. "We are the bank for business, and that means standing behind clients in both good times and challenging ones," said Erminia (Ernie)... Read Story

Main Street Capital Corporation announced the expansion of total commitments under its revolving credit facility (the "Credit Facility") from $705.0 million to $740.0 million. The $35.0 million increase in total commitments was the result of the... Read Story

Investors are now actively seeking ‘new world’ sectors and companies as the world readjusts to life with coronavirus and looks ahead to an economic recovery.The assessment from Nigel Green, the chief executive and founder of deVere Group, one of the... Read Story

KeyBank announced additional steps it will take across its network to support clients and help protect our teammates and our communities from the spread of coronavirus. Starting March 19, 2020, all KeyBank branches will move to serving clients by... Read Story

LICT Corporation has borrowed the entire $50 million under its revolving credit facility with CoBank. The addition of the $50 million in new borrowings increases LICT’s pro-forma gross cash balance to just under $90 million with net cash of $76... Read Story

Charter Growth Capital Fund (CGCF) announced its investment in Traverse City Products (TCP). CGCF provided mezzanine debt and an equity co-investment in support of the acquisition. Birmingham, Michigan-based Colfax Creek Capital was the lead investor... Read Story

Encina Equipment Finance (EEF) announced it has upsized its senior credit facility to $330 million in total commitments in support of continued portfolio growth. The additional capacity was provided by six existing lenders that increased their... Read Story

XLCS Partners, Inc., a leading middle market investment bank, is pleased to announce it served as exclusive advisor to Unique Airmotive Services (UAS) in its sale to Mill Hill Capital.Founded in 2011 and headquartered in Clover, South Carolina, UAS... Read Story

Hilco Streambank, a market leading advisory firm specializing in the sale of intellectual property assets and domain name brokerage, is marketing for sale the patent portfolio and certain related assets of Save Phace, Inc. The patent portfolio... Read Story

Oriente, the technology and data science company creating opportunity through financial access for Southeast Asia, announced today that it has secured a US$20 million debt funding facility from Silverhorn Group, a leading Hong Kong-based multi-asset... Read Story

Sporting event postponements, cancellations and/or reduced attendance in the US as a result of coronavirus concerns will lead to revenue and profitability declines and a drain on liquidity at affected stadiums, arenas and facilities, says Fitch... Read Story

Ritchie Bros., a leading global provider of asset management and disposition solutions,  announced an update to its RB Asset Solutions SaaS inventory management system. This cloud-based tool, designed to help businesses more efficiently manage their... Read Story

The FBI’s Internet Crime Complaint Center received a total of 467,361 complaints with reported losses exceeding $3.5 billion, half of which it attributed to hackers targeting business email communication.In 2019, the IC3 received 23,775 Business... Read Story

Ares Management Corporation announced that it has won industry recognition for nine annual awards from three industry publications – Private Debt Investor, Private Equity International and Infrastructure Investor. The awards acknowledge leaders... Read Story

Charah Solutions, Inc., a leading provider of environmental and maintenance services to the power generation industry, today announced that it has successfully reached an agreement with its lender group to amend its senior secured credit agreement... Read Story

To address concerns regarding Coronavirus (COVID-19) and to help safeguard the health and well-being of our members and the greater secured finance community participating in events over the coming months, the Secured Finance Network (SFNet) is... Read Story

The worst global market sell-off since the 2008 crash will become an important buying-opportunity for investors, affirms the chief executive of one of the world’s largest independent financial advisory and services organizations. The prediction by... Read Story

Encina Business Credit, LLC (EBC) announced it has provided a $15 million senior secured credit facility to a manufacturer of aluminum extrusions and highly engineered products. The credit facility consists of a revolving line of credit based on... Read Story

Investors remain complacent about an imminent Coronavirus-triggered market correction of up to 10 per cent, warns the CEO of one of the world’s largest independent financial advisory organizations.The warning from deVere Group’s chief executive and... Read Story

Trinity Capital Inc. (“Trinity” or the “Company”), a leading specialty lending company that provides debt and equipment lease financing to growth stage companies backed by technology banks, venture capital and private equity firms, announced that... Read Story

The audiovisual vertical within Tiger Group’s Commercial & Industrial Division posted record sales of excess and underutilized AV equipment in 2019, further cementing its position as a leader in the disposition and appraisal of pro-grade AV gear.... Read Story

A joint venture between a fund managed by the Real Estate Group of Ares Management Corporation and Griffin Real Estate announced the acquisition of a 98.04% stake in Murapol SA, a leading Polish property development company. The value of the deal was... Read Story

HPS Investment Partners has launched a new podcast series, The HPScast. The new series focuses on the careers of successful business leaders including: co-founder of Alvarez and Marsal, Brian Marsal, former Soulcycle CEO Melanie Whelan, and cable and... Read Story

Sallyport Commercial Finance supplies a $1,300,000 Accounts Receivable facility to a wholesale distributor of plants and flowers.The company needed additional working capital to fulfill large orders. They were referred to Sallyport by a broker who... Read Story

Stonybrook Capital announced the completion of a capital raise for a $45,000,000 senior secured credit facility for Cypress Group Holdings, Inc. (“Cypress”). Stonybrook Capital served as the exclusive financial advisor to Cypress on this transaction.... Read Story

After a record decade of economic growth in the U.S., the current expansion is becoming long in the tooth. S&P Global Ratings economists now place the probability of a U.S. recession within 12 months at between 25% and 30%. Although our baseline... Read Story

Knightsbridge Capital Group, an asset-based lender based in Vancouver, is pleased to announce that it has entered into a credit agreement with British Columbia Investment Management Corporation ("BCI") for a $100 million operating facility to... Read Story

Cross Keys Capital served as the exclusive M&A advisor to The Retina Care Center, LLC ("RCC") in its affiliation with PRISM Vision Group™. The Retina Care Center is a single-specialty eye care center providing expert management and care for patients... Read Story

NXT Capital is celebrating a decade of providing structured financing solutions to the middle market and investment opportunities in this asset class to institutional investors. Since its 2010 founding by former leaders of Merrill Lynch Capital and... Read Story

Ares Management Corporation announced that funds managed by its Alternative Credit strategy have provided a $350 million revolving asset-backed credit facility secured by consumer loans to Southern Management Corporation (“Southern”), a portfolio... Read Story

Ares Management Corporation announced that its subsidiary has entered into a definitive agreement to acquire a managing interest in a restructured Crestline Denali Capital (“Crestline Denali”) that will result in the addition of seven collateralized... Read Story

The Wuhan coronavirus is expected to have a minimal impact on aircraft lessor and ABS ratings in the near term given the relative diversity of customer bases, solid cash flow generation derived from long-term leases and the fact that current ratings... Read Story

EuroLife Brands, a vertically integrated enterprise focused on the pan European hemp, cannabinoid, and health & wellness sector, announced it has entered into a definitive financing agreement with European Equity Group, an international merchant bank... Read Story

Churchill Asset Management LLC, an investment-specialist affiliate of Nuveen providing customized financing solutions to private equity firms and their portfolio companies across the capital structure, announced select investment and operating... Read Story

Hilco Streambank, a market leading advisory firm specializing in the sale of intellectual property assets and domain name brokerage, is marketing for sale the VoIP.com premium domain name.VoIP.com, first registered in 1997, has historically been used... Read Story

Bibby Financial Services (BFS) North America extended a $2 million ABL line to a manufacturing company. The client is a manufacturer of single and multiple-part continuous computer paper and custom business forms.BFS provided $900,000 in funding to a... Read Story

Phoenix has released its 2019 Year in Review. It described 2019 as a busy year with 100+ engagements across its three service groups – Phoenix Management Services, Phoenix Transaction Advisory Services, and Phoenix Capital Resources. New... Read Story

As executives continue to confront cybersecurity, financial crime and regulatory threats in 2020, companies remain largely unprepared for events that can impact revenue, valuation and reputation, according to a new survey released today by FTI... Read Story

BMO Financial Group today announced it has been included in the Bloomberg Gender-Equality Index (GEI) for the fifth year in a row. The global index recognizes companies committed to gender equality and inclusivity within the workplace and the... Read Story

King Trade Capital announced the completion of a $2.4MM purchase-order finance facility for a Florida-based, minority-owned government contractor.A financial consultant, who had previously utilized KTC to finance another government contractor... Read Story

CBAM Partners announced the closing of a new $60 million Credit Facility led by RBC Capital Markets as Lead Arranger and Sole Bookrunner with lenders Royal Bank of Canada ("RBC") as Administrative Agent and Barclays Bank PLC ("Barclays") as... Read Story

PineBridge Investments, a global asset manager, announced the close of PineBridge Private Credit, L.P. (the “Fund”), the firm’s first direct lending focused strategy.  The Fund closed on December 16th, 2019 with capital commitments of $396 million... Read Story

Baker Hill, a leading financial technology provider, delivering solutions for commercial and small business loan origination, risk and relationship management, CECL, and smart data analytics, announced they were selected by Aite Group as... Read Story

Scotia Global Asset Management announced the final year-end reinvested distributions for the Scotia Strategic ETF Portfolios listed on the TSX for the 2019 tax year.  The record date for the 2019 final year-end reinvested distributions will be... Read Story

Cabot Microelectronics Corporation (CCMP) today announced that it has amended its credit agreement entered into on November 15, 2018 to reduce the interest rate on borrowings under the agreement’s term loan facility by 25 basis points. The new term... Read Story

A combination of slowing economic growth, sustained low interest rates and unprecedented levels of indebtedness will broadly influence the global credit outlook in 2020, says Fitch Ratings. The aggregate rise in global indebtedness in 2019, which... Read Story

Hilco Fixed Asset Recovery (HFAR) has been engaged to liquidate all the fixtures, furniture, and equipment (FF&E) from the historic Hotel Wales which will be closing its doors on December 31, 2019 for a major remodeling of the Upper East Side... Read Story

Current headwinds affecting asset-based lending (ABL) portfolios and emerging opportunities and challenges in various industry sectors are on the agenda at the Secured Finance Network (SFNet)  Asset-Based Capital Conference 2020 Feb. 4-5 in Las Vegas... Read Story

CIT Group Inc. announced the results of its second annual One Million Meals campaign to fight hunger in partnership with Feeding America. Customers, employees and others came together to donate 1.5 million meals to people in need and helped CIT... Read Story

Gryphon Investors, a San Francisco-based private equity firm, announced that it held a final closing of Gryphon Mezzanine Partners II, L.P. ("the Fund") at its cap, achieving $300 million of aggregate commitments. The Fund was oversubscribed and... Read Story

Bunge Finance Europe B.V., a wholly-owned subsidiary of Bunge Limited has successfully closed its first sustainability-linked revolving credit facility (the "Amended Facility"). The Amended Facility amends and extends Borrower's existing US$1,750,000... Read Story

Churchill Asset Management LLC, a majority-owned affiliate of Nuveen focused on originating, underwriting and managing middle-market senior loan investments, closed a $350 million middle-market collateralized loan obligation, Churchill Middle Market... Read Story

NXT Energy Solutions Inc. has issued a direction to Alberta Green Ventures Limited Partnership ("AGV") to deliver for cancellation the number of common shares in the capital of the Company held by AGV that is equivalent to the $250,000.00 principal... Read Story

Fitch Ratings has been recognized as the best rating agency for structured finance at FinanceAsia's annual 2019 achievement awards and was also voted Australian structured finance rating agency of the year by KangaNews. FinanceAsia also named Fitch... Read Story

iJustOrder, a mobile engagement and e-commerce platform specializing in on-demand delivery, announced the completion of its comprehensive restructuring. Launched in August 2019, this restructuring was accompanied by a reorganization of the board of... Read Story

Leonard Green & Partners, L.P. ("LGP") announces the final closings of the firm's eighth flagship private equity investment fund, Green Equity Investors VIII, L.P. ("GEI VIII"), and its inaugural dedicated middle market fund, Jade Equity Investors, L... Read Story

PlattPointe Capital, a boutique commercial real estate capital advisory firm, recently closed a $4,500,000 horizontal lot construction loan for the development of 162 residential lots in Pueblo, CO. The name of the borrower was not disclosed. This is... Read Story

Hermitage Offshore Services Ltd. announced that it has agreed to enter into a new common stock purchase agreement with Scorpio Services Holding Limited (“SSH”) for $15 million .  Consequently, the lenders under the Company’s Initial Credit Facility... Read Story

A group of local women entrepreneurs, investors, and lenders in Portland has created the XXcelerate Fund to build profitable Oregon-based businesses. The fund will address the critical and entrenched capital shortfall facing women entrepreneurs.It is... Read Story

Jayson M. Thornton of THORNTON Advisor LLC was awarded as Missouri’s number one top-rated Financial Advisor for 2019 by Top Rated Local. Top Rated Local is a firm that analyzes the ratings and reviews from hundreds of verified sites online and then... Read Story

Old Hill provided a $10 million senior secured revolving-to-term facility to Funda, an Australian lender focused on providing lines of credit and fully amortizing loans to small-and-medium-sized enterprises. The facility is secured by a first lien... Read Story

H.I.G. Capital (“H.I.G.”), a leading global alternative asset management firm with over $34 billion of equity capital under management, announced the closing of H.I.G. Middle Market LBO Fund III (the “Fund”). The Fund closed with aggregate capital... Read Story

White Oak Global Advisors, LLC announced 21 of its professionals completed the PRI Academy’s Fundamentals of Responsible Investing (RI) course to strengthen each individual’s understanding of environmental conservation, social responsibility and good... Read Story

More than one in three small business executives (37%) plan to invest even more in their businesses during the next 12 months compared to the past 12 months, according to a new survey conducted by The Harris Poll1 and sponsored by CIT Group Inc. ... Read Story

Telesat Canada (“Telesat”) announced that it entered into discussions on November 15, 2019 to amend its existing credit agreement, dated March 28, 2012, among Telesat and Telesat LLC, as borrowers (the “Borrowers”), the guarantors party thereto, the... Read Story

Fitch Ratings has upgraded CIT Group Inc.'s (CIT) and CIT Bank, N.A.'s (CIT Bank) Long-Term Issuer Default Ratings (IDRs) and to 'BBB-' from 'BB+'. The Viability Ratings (VRs) for both entities were also upgraded to 'bbb-' from 'bb+'. The Rating... Read Story

Wells Fargo Capital Finance (UK) Limited, part Wells Fargo & Company, is pleased to announce that on October 24 it won the Asset-based Lender Deal of the Year award from Insider Media Limited for the Bright Blue Foods (BBF) transaction.Held in... Read Story

Air Transport Services Group, Inc. announced that it has extended its senior secured credit facility until November 30, 2024, expanded the facility’s revolver portion, consolidated and lowered its term loans, and reduced pricing to immediately lower... Read Story

VersaPay Corporation, a provider of cloud-based invoice-to-cash solutions including electronic invoice presentment and payment, automated accounts receivable, cash application and collections management, announced the closing of a credit facility... Read Story

PrecisionLender, the world’s leading commercial banking sales and coaching platform, announced The Bank of New Glarus is live with the PrecisionLender platform. The Bank of New Glarus achieved this milestone just 6 weeks after signing on with... Read Story

William C. Marsh was recently appointed to serve on the American Bankers Association’s (ABA) Community Bankers Council for the 2019-2020 year.  Mr. Marsh is Chairman of the Board, President and Chief Executive Officer at The Farmers National Bank of... Read Story

Santander announced that it has agreed to sell its retail and commercial banking franchise in Puerto Rico, Santander Bancorp, to FirstBank Puerto Rico, for a total consideration of approximately $1.1 billion. Banco Santander Puerto Rico is the fourth... Read Story

Wells Fargo & Company announced that Richard (Dick) Payne Jr. has been elected to the company’s Board of Directors, effective immediately, and will serve on the Board’s Credit Committee. Payne retired in 2016 as vice chairman of Wholesale Banking at... Read Story

Middle market private companies in the Golub Capital Altman Index experienced approximate year-over-year earnings growth of 13.2% and revenue growth of 9.6% during the first two months of the third quarter of 2019. This compares to approximate... Read Story

A Capital One survey conducted at ABS East 2019, a conference convening professionals from across the asset-backed securities (ABS) industry, found more than one-third (38 percent) of professionals plan to engage with new financial partners and... Read Story

MSGN Holdings, L.P.,and certain subsidiaries of MSGN Holdings entered into an amended and restated credit agreement with JPMorgan Chase Bank, N.A., as administrative agent, and the lenders party thereto. The Credit Agreement amends and restates MSGN... Read Story

CredoLab, a Singapore-based developer of bank-grade digital credit scorecards based on anonymous smartphone metadata, has partnered with iovation, a TransUnion company, specializing in device-based fraud detection and authentication solutions.... Read Story

The M&A Advisor announced that James E. Abbott, from Seward & Kissel LLP, is a recipient of the 2019 M&A Advisor Leadership Award. Mr. Abbott is to be honored, for his significant contribution to the mergers and acquisitions and finance industry, and... Read Story

KeyBank continues its unwavering support of small businesses across the nation, ranking 11th nationally for the Small Business Administration's (SBA) FY 2019. KeyBank extended $311 million in approved 7(a) dollars over the course of the year. Since... Read Story

Access Capital recently provided financing to HonorVet Technologies (“HonorVet”), a Certified Service-Disabled-Veteran-Owned Small Business (SDVOSB).HonorVet provides the veteran community with employment opportunities in civilian workplaces in... Read Story

The Chicago Middle Market Business Conference will take place on Wednesday, October 23, 2019. The conference is the best opportunity to meet and network with the leading M&A deal professionals in the Midwest. The featured panelists include leaders... Read Story

Signature Bank, a New York-based full-service commercial bank, announced it was named #1 in the Business Bank, Private Bank and Attorney Escrow Services categories of the New York Law Journal’s “Best of” 10th annual survey of the New York legal... Read Story

Garrington Group of Companies, which was established in January 2019 as part of a greater blueprint to develop a leading North American loan origination, underwriting and operations platform, provided an update on its operations and philosophy since... Read Story

Private Company Directors magazine has announced their 2019 list of Directors to Watch and Mary Josephs, CEO of Verit Advisors® has been named to that list. These top directors not only exemplify the very best in board service, they uniformly find... Read Story

For the eighth year in a row, equipment and accounts receivable finance company, Commercial Credit, Inc., parent company of Commercial Credit Group Inc. (CCG) and Commercial Funding Inc.,, has made the Business North Carolina Mid-Market Fast 40 List.... Read Story

Pacific Mercantile Bank, the wholly owned subsidiary of Pacific Mercantile Bancorp, announced that it has provided a $3.0 million credit facility to Delicate Productions, consisting of a term loan and a revolving line of credit. In addition to the... Read Story

North Mill Capital announced the funding of a $15,000,000 Total Credit Facility to SPAR Group, Inc. in Auburn Hills, Michigan.                                                                           The funds were utilized to pay off the bank and... Read Story

Atlantic RMS, a provider of Diligence, Workout and Collection Services to the ABL, ABS and Receivables Finance Industry, has extended its reach and presence in Germany.Atlantic Risk Sela GmbH, a JV together with Sela group, is based in Munich and led... Read Story

Seaspan Corporation (SSW) announced the closing of a $500 million increase to its portfolio financing program. The Program initially closed on May 15, 2019 with a total capacity of $1.0 billion , and subsequent to closing of the Accordion, has a... Read Story

Bank of America announced that it is joining the Marco Polo Network, the largest and fastest growing trade finance networks leveraging Corda distributed ledger technology to provide transformative solutions to global trade participants.Bank of... Read Story

AlixPartners, the global consulting firm, announced that it has been named one of the 2019 “Best Firms to Work For” by Consulting magazine. Firms selected for the list were judged on a range of employee satisfaction criteria including career... Read Story

Hilco Global announced that during the Payless Shoe Store going-out-of-business sale, they purchased thousands of pairs of shoes to donate to local youth charities in Chicago, Boston, and New Jersey.The in-kind donation is valued at over $75,000 at... Read Story

Allegiance Capital Corporation, a Dallas, Texas-based middle-market M&A investment bank, has been announced as a finalist for the "Information Technology Deal of the Year" and "Corporate/Strategic Deal of the Year" by The M&A Advisor, a leading... Read Story

Franklin Capital, a finance company providing multi-asset funding to small and medium-sized businesses, announced the launch of a newly revamped website. Franklin’s redesigned site offers quick and easy access to essential company information and a... Read Story

Stellus Capital Investment Corporation, a business development company, today announced that its wholly-owned subsidiary, Stellus Capital SBIC II, LP ("Stellus SBIC"), has received approval for a license from the United States Small Business... Read Story

Sallyport Commercial Finance delivered a $500,000 Accounts Receivable facility to a construction clean up company.A local business consultant was working closely with an owner who had difficulty staying current with his suppliers. The company... Read Story

Lincoln International, a leading global investment banking advisory firm, released the Q2 2019 issue of its proprietary Lincoln Middle Market Index (Lincoln MMI).The Lincoln MMI is a first-of-its-kind index measuring changes in the enterprise values... Read Story

Stonebriar Commercial Finance, an independent large-ticket commercial finance company, announced it has extended and amended certain terms of its existing $1.0 billion revolving credit facility.   Bank of America, N.A. serves as agent on the Facility... Read Story

Northern Trust (NTRS) announced it has developed an innovative pricing engine that utilizes machine learning and advanced statistical techniques to drive revenue growth for clients by more effectively forecasting the rate to loan securities in the... Read Story

Access Capital provided $1.5 million to JCW Search, Inc. The company was originally formed in 2007 by CEO Jamie Woods in London and made its first foray into the USA market. The company has been substantially investing in its growth in Europe and the... Read Story

Ropes & Gray advised Hamilton Lane on Hamilton Lane Strategic Opportunities Fund V. The Fund represents more than $760 million in commitments from a wide range of global LPs including repeat as well as new investors from Asia, the Middle East, Europe... Read Story

Ablacon, a Wheat Ridge, CO-based company developing an advanced mapping system to guide the treatment of atrial fibrillation (AFib), has entered into a $10m venture debt facility with Western Technology Investment (WTI).The debt is accompanied by a... Read Story

This summer, Sallyport Commercial Finance wanted to give back to our heroic men and women of the Armed Forces who are serving this Nation overseas. Sallyport’s employees partnered with Houston’s Blue Star Mothers of America to donate and fill care... Read Story

Hamilton Lane, an alternative investment management firm, announced the final closing of Hamilton Lane Strategic Opportunities Fund V. The Fund represents more than $760 million in commitments from a wide range of global LPs including repeat as well... Read Story

Crown Capital Partners Inc. ("Crown" or the "Corporation") (TSX: CRWN), a capital partner to entrepreneurs and growth businesses, today announced it has entered an agreement with Concentra Bank ("Concentra") under which Crown will provide investment... Read Story

According to a recent survey, 73 percent of small businesses provide support to local charitable and communal causes to show their commitment to giving back and to express appreciation to customers and the community. The study, conducted by TD Bank... Read Story

Accord Financial Corp. congratulated CapX Partners on its platinum anniversary, celebrating 20 years of achievement.“CapX and its four outstanding partners have been leaders in the middle market finance community, and have brought vital financing to... Read Story

PitchBook, a data provider for the private and public equity markets, released the findings of a new survey report, Private Markets: A Decade of Growth, which documents the proliferation of the private capital markets over the last fifteen years and... Read Story

MidCap Business Credit announced they have closed on a $2,000,000 Asset Based Credit Facility for Pavement Corporation, a portfolio company of Vicour and Spring Capital Partners out of Baltimore, MD. Headquartered in Waldorf, Maryland,   Pavement... Read Story

Presidential Financial Corporation (PFC) announced that it will be changing its name to MidFirst Business Credit. This allows PFC to align more closely to MidFirst Bank, its parent company, while continuing to provide best of class asset-based... Read Story

Sunwest Bank is excited to announce its 504 and 7(a) loans have received top 50 rankings from the U.S. Small Business Administration (SBA). For 504 loans, – typically used for real estate, and machinery – Sunwest Bank is 37th in the United States and... Read Story

Strategic Partners, Blackstone’s (BX) secondary and fund solutions business, announced today the final close on over $11 billion for Strategic Partners VIII L.P. and its related committed program vehicles (collectively, “SP VIII”). Strategic Partners... Read Story

Gibraltar has built $20MM in new financing partnerships over the past 30 days— providing four companies with working capital flexibility to support their plans for the future. We’ve been able to reach this funding achievement by using our solid... Read Story

Hogan Lovells has advised Ares in relation to the unitranche facilities provided to BC Partners for the acquisition of a majority stake in Synthon International Holding B.V., a global market leader in the development of complex Generics, from its... Read Story

MedMen Enterprises Inc. announced that it has signed a binding term sheet in respect of certain amendments to the definitive agreements for the up to $250,000,000 senior secured convertible credit facility led by Gotham Green Partners, an investor in... Read Story

Seacoast Capital, a lower middle market non-control growth capital investor, announced its $9.5 million subordinated debt with warrants and common stock investment in The Wing Group (Wing). Founded in 1997, and based in Lafayette, California, Wing... Read Story

Abacus Finance Group, LLC, a provider of cash flow-based, classic senior debt for sponsor-led buyouts of companies with $3 million to $15 million in EBITDA, announced that it served as Administrative Agent and Sole Lead Arranger for senior secured... Read Story

Sweeping Corporation of America ("SCA"), a Soundcore Capital Partners portfolio company, announced that it has recently entered into a $106,000,000 credit facility led by PineBridge Private Credit ("PineBridge"). PineBridge served as the sole lead... Read Story

Degreed, a workforce learning and skill-tracking platform, announced it raised $35 million in equity funding from existing investors Owl Ventures, Jump Capital, Signal Peak Ventures and GSV Accelerate, along with new investor AllianceBernstein Growth... Read Story

StatPro Group plc, the AIM listed provider of cloud-based portfolio analytics and asset pricing services for the global asset management industry, and the Corporate and Investment Bank of J.P. Morgan announced a strategic partnership to develop Multi... Read Story

Crystal Financial agented a $17.5 million term loan for apparel company John Varvatos. Founded in 2000 with a collection of tailored clothing and sportswear, the Company now represents an entire men’s lifestyle brand that includes footwear, leather... Read Story

Ackroo Inc., a gift card, and loyalty marketing technology and services provider, announced it has secured $4,000,000 via BDC Capital.  Under the terms of the loan, Ackroo will receive an initial tranche of $3,000,000 on closing plus access to an... Read Story

KeyBank has launched the Small Business Wellness Index, which measures the drivers, challenges, payment trends and financing needs of small business owners across the country. Data is drawn from KeyBank's proprietary Small Business Wellness Review, a... Read Story

Brasa Capital Management (Brasa Capital) has held a final close of its first investment fund, Brasa Real Estate Fund, LP, exceeding its $100 million fundraising goal with $120 million in capital commitments.Investing on behalf of pension funds and... Read Story

Ropes & Gray advised Angelo, Gordon’s Twin Brook Capital Partners on the formation and raise of over $2.75 billion for its third direct lending fund, AG Direct Lending Fund III.The Ropes & Gray team was led by asset management partner and credit... Read Story

Chicago Public Schools is joined by Chicago-based Hilco Redevelopment Partners through their charitable organization, Hilco Helps, to donate thousands of English and Spanish language books for 3rd, 4th and 5th grade students across 50 schools as part... Read Story

Enlightenment Capital received clearance from the Small Business Administration to run a small business investment company fund.“The SBIC license is a significant achievement for Enlightenment and aligns well with our investment strategy,” Devin... Read Story

Minnesota’s largest newspaper has named Stearns Bank one of the state’s Top 150 Places to work in 2019. The annual list released by the Star Tribune is based on employee surveys.“We are honored to be recognized as one of Star Tribune’s Top 150 Places... Read Story

Blank Rome LLP announced that the Firm is expanding its national platform to Chicago, with the addition of a four-partner group. The Firm expects the new office will launch this week, upon the completion of certain regulatory requirements.The Chicago... Read Story

Golub Capital announced that it recently provided growth financing to CloudSense, a leading provider of sales and delivery software solutions, in support of Vector Capital.Golub Capital served as Administrative Agent and Lead Arranger. This credit... Read Story

Harsco Corporation (NYSE: HSC) announced today that it intends to offer, subject to market and other conditions, $500 million in aggregate principal amount of senior unsecured notes due 2027 (the “Notes”) in a private offering (the “Private... Read Story

FIS, a provider off financial services technology, announced that it has completed an amendment of its existing Revolving Credit Facility that increases its borrowing capacity under the unsecured      from $4.0 billion to $5.5 billion with the... Read Story

Shinnecock Partners launches its open-ended, standalone dedicated alternative art lending fund, ALF, building on its 7-year non-bank lending history and fine-art secured lending experience.“Niche investment strategies offer the most compelling... Read Story

Configure Partners, LLC announced the successful completion of a $187.5 million financing for Iconex LLC, a portfolio company of Atlas Holdings LLC. Iconex is the world's leading provider of receipts and highly differentiated label solutions.... Read Story

Morgan Stanley Investment Management announced it has raised $785 million for the North Haven Senior Loan Fund L.P. and its related vehicles (collectively “NH SLF”) exceeding its original fundraising target. When combined with target leverage, NH SLF... Read Story

US-China trade tension may become a longer than expected headwind for US corporations as the prospect of additional US tariffs, retaliation from China, and prolonged negotiations rise, says Fitch Ratings. Although credit implications are limited... Read Story

Altus Midstream Company announced that Altus Midstream LP has entered into definitive agreements to issue $625 million of preferred equity in a private placement and amend its credit facility, which will allow Altus Midstream’s revolver capacity to... Read Story

GlassRatner Advisory & Capital Group, LLC, a specialty financial advisory services firm and wholly-owned subsidiary of B. Riley Financial, announced its recognition as the #1 provider in several categories in the Daily Report’s “Best of 2019”... Read Story

Clarus Corporation, a company focused on the outdoor and consumer industries seeking opportunities to acquire and grow businesses that can generate attractive shareholder returns, terminated its asset-backed credit facility and entered into a new... Read Story

CIT Group Inc., in partnership with the nonprofit Operation HOPE, introduced the next facet of its Launch and Grow initiative, a 12-week HOPE Inside program aimed at empowering women small business owners in New York City and Los Angeles.   Building... Read Story

North Mill Capital announced the funding of a $15,000,000 Asset Based Revolving Line of Credit to OneTouch Direct LLC.The funds were used to repay the bank and provide the company with additional working capital for growth. “We are very excited... Read Story

Comvest Credit Partners acted as Administrative Agent and Sole Lender of a $60.0 million Senior Credit Facility to Beyond Finance, Inc., a debt resolution services provider. The financing will be used to repay existing debt and fund ongoing working... Read Story

Top asset appraisal and disposition firms offer services that are more valuable than ever in today’s competitive marketplace. However, helping bankrupt chains exit the market is only part of the story, writes Bradley W. Snyder, a Tiger Capital Group... Read Story

Invoice2go and Square Capital announced a partnership that gives Invoice2go customers in the United States a fast, seamless way to access the funding they need to grow their business – from right inside their Invoice2go mobile app. This partnership... Read Story

Cable One, Inc. announced that it has launched the syndication of a new $350 million senior secured revolving credit facility, a new $250 million senior secured term loan A facility (the “Term Loan A”) and a new $450 million senior secured delayed... Read Story

Maranon Capital, L.P. (Maranon) announced the closing of Maranon Loan Funding 2019-1, Ltd., a $400 million collateralized loan obligation (CLO), arranged by Morgan Stanley. The CLO represents the fourth CLO issued by Maranon, bringing the company’s... Read Story

Destination Maternity, a retail chain specializing in clothes for expecting mothers, has reportedly pulled out of a recently inked refinancing agreement with Bank of America on the grounds that it could have a negative effect on the company's credit... Read Story

Wells Fargo Commercial Distribution Finance (CDF) announced its 50th anniversary of providing inventory financing in Canada. Based in Mississauga, CDF employs more than 200 people and serves more than 3,800 businesses in all 10 provinces and three... Read Story

Bibby Financial Services recently completed four new deals totaling $1.9 million.Bibby Financial Services (BFS) provided $250K in funding for a South Carolina transportation company. With strong experience in trucking, the owners of this start-up... Read Story

Alvarez & Marsal (A&M) announced the launch of LeaseSCRE (pronounced "lease score"), a web-based tool that uses machine learning to estimate an incremental borrowing rate (IBR) curve. LeaseSCRE provides companies with a streamlined and efficient... Read Story

Pathlight Capital announced it is serving as the Administrative Agent on the recently funded $27.5 million last-out first lien ABL Term Loan facility to Dayton Superior, Inc., a manufacturer and supplier of products for medium to large contractors... Read Story

California Water Service Group (Group) announced it has entered into unsecured revolving credit facilities for the Group and its subsidiaries totaling $550 million for a term of five years. Of the total, $400 million is available to California Water... Read Story

AlixPartners announced that for the second year in a row it has earned a perfect score of 100% on the Human Rights Campaign (HRC) Corporate Equality Index (CEI), ranking AlixPartners among the HRC’s 2019 “Best Places to Work for LGBTQ Equality.”CEI... Read Story

A&G Realty Partners announced it managed property dispositions and occupancy-cost reductions on 4,762 sites with approximately 80.9 million square feet of space during 2018. Sales of owned properties and leases amounted to $570.8 million, while the... Read Story

BHI and Contemporary Healthcare Capital, LLC announced today the closing of a combined $9.525 million in loans to Townview Realty, LLC  for the acquisition of a 118-bed licensed skilled nursing facility located in Canonsburg, PA.  The $7.95 million... Read Story

The return of capital market volatility did not ruin the multiyear winning streak of JPMorgan Chase & Co. as the U.S. banking group topped the global investment banking league table of research firm Coalition yet again.Coalition ranks the leading 12... Read Story

Investors are increasingly seeking out rewarding opportunities that help feed the world, according to Peter Rockefeller.This view from the legendary family of investors supports the now almost universally recognized investment trend: Impact Investing... Read Story

Crestmark announced it provided more than $30.7 million in commercial financing to 88 businesses in the first half of March. Crestmark Equipment Finance provided $4,041,482 in five new lease transactions; Crestmark secured a total of $8,075,000 in... Read Story

Mergers & Acquisitions announced the eight winners of its 2018 M&A Mid-Market Awards, which recognize the leading dealmakers and deals that set the standard for transactions in the middle market.Among this year's winners, Monroe Capital was named... Read Story

The NFIB Small Business Optimism Index improved modestly in February, increasing 0.5 points to 101.7. Views about future business conditions and the current period as a good time to expand improved as did plans to make capital outlays.Earnings trends... Read Story

B. Riley Financial issued a statement in response to the Delaware Chancery Court's decision that Rent-A-Center Inc.'s termination of its Merger Agreement with affiliates of Vintage Capital Management, LLC ("Vintage") was valid."We are disappointed... Read Story

MidCap Business Credit announced they have closed on a new $7.5MM Senior Secured Credit Facility for TAB Products Co., LLC, a leader in the field of records and information management since 1950.  The fully committed Credit Facility matures in... Read Story

Crestmark secured a total of $1,700,000 in ABL financial solutions for five new clients; Crestmark Equipment Finance provided $1,829,207 in two new lease transactions; Crestmark Vendor Finance provided $5,074,866 in 48 new lease transactions; and the... Read Story

As trade continues to be a focus in the current policy debate, 37 percent of small business owners are reporting negative impacts of recent trade policy changes with Mexico, Canada, or China. The newly released data comes from the NFIB Research... Read Story

Republic Business Credit Provided a $6 million facility to West Coast private equity owned government contractor. When a sponsor-owned government contractor needed additional liquidity during the longest government shutdown in United States history... Read Story

J.P. Morgan announced that Commercial Banking is continuing to expand internationally in European and Asia-Pacific markets.  “We see a lot of opportunity for local corporations in these markets to grow, and they can benefit from working with a global... Read Story

Mark S. Indelicato was recognized by Continental Who's Who as a Pinnacle Professional in the field of Law in recognition of his role as Partner at Hahn & Hessen LLP.           With over thirty years of experience in the field of law, Indelicato is... Read Story

Hilco Global announced the launch of the Hilco Global Scholarship Program called “Hilco Scholars,” to be awarded to qualified candidates living in Chicago’s Little Village neighborhood.  The goal of the new scholarship program is to help prepare... Read Story

Mayer Brown announced that its highly regarded global Structured Finance practice group has launched a blog, Retained Interest. The firm’s newest blog is designed to keep clients informed about recent developments and other issues impacting... Read Story

Crestmark secured a total of $29,650,000 in ABL financial solutions for 11 new clients; Crestmark Equipment Finance provided $27,776,071 in 15 new lease transactions; Crestmark Vendor Finance provided $4,302,627 in 51 new lease transactions; and the... Read Story

Institutional investors in the Alternative Investments industry are driving efforts to improve gender diversity at the funds and portfolios they invest in, but recruiting, retaining and advancing women is still the biggest challenge, according to... Read Story

Hidden Harbor Capital Partners, an operationally focused private equity firm specializing in control investments in lower middle market companies, announced the close of its debut buyout fund. The fund closed at over $265 million, above its target... Read Story

Ascribe Capital LLC announced the closing of its fourth distressed private equity investment partnership, Ascribe Opportunities Fund IV, L.P. (Fund IV), with total capital commitments of $825 million.  The fund's global investor base includes leading... Read Story

Hilco Global announced that Thomas A. Greco, CEO Hilco Valuation and Industrial Services, will be honored by the financial services industry and recognized by National Jewish Health - the nation’s leading respiratory hospital - and is set to receive... Read Story

Alterna Capital Solutions, a specialty and alternative financing lender for small businesses experiencing growth, announced the deployment of more than $20 million during its first six months of operation beginning July 2018. The same time period saw... Read Story

Allied Affiliated Funding, a division of Axiom Bank, N.A., announced the following recently closed transactions:  $2,500,000 in Receivables Financing to a Texas-based based, woman-owned business that designs and manufactures BBQ grills, selling to... Read Story

White Oak Global Advisors, LLC announced it funded over $2.5 billion in loans in 2018. Since the company’s founding in 2007, White Oak has been a pioneer in providing flexible and efficient capital to small and middle market businesses globally.... Read Story

Abacus Finance Group, LLC, a provider of cash flow-based, classic senior debt financing for sponsor-led buyouts of companies with $3 million to $15 million in EBITDA, announced today that it served as Administrative Agent and Sole Lender in support... Read Story

Hercules Capital, Inc., a specialty finance company, announced its many select investment and operating highlights for 2018. “We completed a strong fourth quarter and culminated the year with total new investment commitments exceeding $1.21 billion... Read Story

The staff of ABL Advisor would like to extend Happy New Year wishes to all of our readers and advertisers. Thank you for your loyalty and goodwill throughout 2018! We look forward to working with you again in 2019! We will return with the Daily eNews... Read Story

The Conference Board – a member-focused think tank that provides trusted insights for what's ahead – announced the election of Ellen R. Alemany, Chairwoman and CEO of CIT Group, and Beth E. Mooney, CEO of KeyCorp, to its board of trustees.Alemany... Read Story

McGlinchey Stafford’s Creditors’ Rights, Financial Restructuring, and Bankruptcy practice has received the “Chapter 11 Reorganization of the Year” Award in the $10 million - $25 million category for its work on the Chapter 11 bankruptcy cases of... Read Story

CIT Group announced it will donate one and a half million meals this holiday season in partnership with Feeding America®, exceeding the original goal of its One Million Meals campaign by 50 percent. "Thank you to the customers, followers and... Read Story

The staff of ABL Advisor would like to extend our best wishes for a happy holiday season and our sincere thanks to all our readers and advertisers for your loyalty and goodwill throughout the year! We will return with the Daily eNews Blast on... Read Story

KPMG LLP, the U.S. audit, tax and advisory firm, launched a new technology-enabled solution for tax accounting designed to help small and mid-sized businesses comply with last year’s domestic tax reform legislation, under the banner of a new KPMG... Read Story

Balboa Capital is continuing its annual tradition of making the holidays a little brighter for adults and children in need. The company is supporting local nonprofit organizations with cash donations, canned food and children’s toys. “It’s the... Read Story

While the country enjoys unprecedented levels of small business optimism, access to credit will either boost or curtail economic growth within this high-impact sector, according to a new study. Gimme Credit: Faster, Simpler, Safer Credit for Main... Read Story

Ares Management Corporation announced that it has completed its conversion to a corporation under Delaware law and changed its name from Ares Management, L.P. to Ares Management Corporation. Since Ares had already elected to be taxed as a corporation... Read Story

PFF, LLC closed a $100 million capital raise and changed its name to Parabilis. Founded in 2013, by Dr. Edward Bersoff, the specialty financing company will continue in its mission to provide working capital funding to companies serving the U.S.... Read Story

Allied Affiliated Funding, a division of Axiom Bank, N.A., announced the closure of two transactions totaling $3.5 million: $1,500,000 in Invoice Factoring to a Texas and Pennsylvania based aviation services company that provides comprehensive... Read Story

FTI Consulting, Inc. announced that Tim McDonagh, a Senior Managing Director in the firm's Corporate Finance & Restructuring segment, has been named to the American Bankruptcy Institute's (ABI) 40 Under 40 Emerging Leaders in Insolvency list, which... Read Story

Bibby Financial Services (BFS) Canada  provided $2M in funding to a Toronto-based family-run business distributing safety apparel and supplies to retail and industrial companies throughout Canada and with suppliers located in China. The company... Read Story

AlixPartners, the global consulting firm, offered its congratulations to Carrianne Basler, a Managing Director in the firm’s Turnaround and Restructuring practice, upon her being named to the prestigious post of Chair of the 2018-2019 Executive Board... Read Story

Allied Affiliated Funding, a division of Axiom Bank, N.A. , announced the following recently closed transactions:  $1,500,000 in Invoice Factoring including a $100,000 Term Loan to a Florida-based, national market research data collection company.... Read Story

Balboa Capital, a leading independent financing company that specializes in small business loans, equipment leasing, and franchise financing, announced the results of its Q4 survey that was conducted to gauge the investment plans of small business... Read Story

Solar Capital Partners, LLC, a leading private credit manager with expertise across cash flow and asset-based senior secured financing solutions to U.S. middle market companies, announced that it has held the final closings for its SCP Private Credit... Read Story

Peter Lowney, President of First Business Capital Corp., announced the company recently closed and funded a $3,346,000 credit facility, including a revolving line of credit and equipment term loan for a metal fabricator in Wisconsin.  In a second... Read Story

Equipment and accounts receivable finance company, Commercial Credit, Inc., parent company of Commercial Credit Group Inc. and Commercial Funding Inc. has made the Business North Carolina Mid-Market Fast 40 List for the seventh year in a row. To... Read Story

Moore Colson, the 2017 number one ranked Best of the Best CPA and advisory firm in the United States by Inside Public Accounting, recently announced it was named Global Awards 2018 Corporate Renewal Advisory Firm of the Year by Finance Monthly. Moore... Read Story

Trinity Hunt Partners, a Dallas-based private equity firm, announced the final closing of Trinity Hunt Partners V, L.P. at its hard cap of $350 million in capital commitments. Due to significant demand from existing investors and strong interest from... Read Story

Spartan Capital, the Hudson Valley's premiere provider of small business funding, today announces a record month of funding for their new Middletown, NY location. So far in September of 2018, Spartan Capital has facilitated approximately 200... Read Story

Commercial Finance Partners announced that the company closed five SBA 7a Term Loans in August with a total funded volume of $9 million.  The requests ranged from debt refinancing, construction financing, and working capital- all borrowers received... Read Story

Sallyport Commercial Finance provided a $2,500,000 Accounts Receivable facility to a health services provider that focuses on comprehensive occupational screening and drug testing.  With a wealth of experience and a grasp on the latest technology... Read Story

Gibraltar Business Capital closed a $2 million line of credit for American Horticultural Supply, a distributor of horticultural products to nurseries and growers. Headquartered in Oxnard, California, the company primarily supplies growing media... Read Story

Presidential Financial Corporation announced it has provided $6 million in working capital facilities to Selinsky Force, LLC. Located in Canton, Ohio, Selinsky Force, LLC is an industrial contractor, primarily performing maintenance and repair work... Read Story

Gateway Trade Funding, a P/O and Trade Financing company, announced that we have recently completed the following purchase order transactions: $1MM PO facility to a US importer of handbags selling to major US retailers. $300,000 PO facility to a... Read Story

PayNet reports that the PayNet Canadian Small Business Lending Index (CSBLI) increased 3% from 126.5 in May 2018 to 130.5 in June, marking the sixth consecutive month of growth. Compared to the same month one year ago, the index is up 8%. “In a... Read Story

Magilla Loans, a search engine for loans which connects borrowers to banks without requesting personal information, announced the addition of Joseph Baratta (“Joe”), Global Head of Private Equity at Blackstone, to its Board of Directors. Joe will... Read Story

The International Factoring Association (“IFA”) announced the release of its new digital publication The Factoring Guide to Account Management. The book offers best practices drawn from industry experts on a myriad of business processes and contains... Read Story

Innovative Financing Solutions, a leading bank consulting and business advisory firm specializing in the development and implementation of government guaranteed loan programs for financial institutions across the U.S., announces the launch of their... Read Story

Gateway Trade Funding, a P/O and Trade Financing company, is happy to announce they provided a $1.5 Million PO Finance Facility to help a global sourcing company optimize cash flow for a large piece of new business. After receiving a large order from... Read Story

Gibraltar Business Capital recently closed two new credit facilities to assist businesses with growth and seasonal challenges. The first was a $2 million credit facility with Commoneo, a veteran-owned staffing company located outside of Detroit... Read Story

Griffin Capital Company, LLC, on behalf of Griffin Institutional Access Credit Fund recently closed on its first directly-originated investment.Dr. Randy Anderson, President of Griffin Capital Asset Management Company, said "We are excited to... Read Story

Crossroads Financial, a provider of inventory revolving lines of credit, has secured a new financing commitment for an additional $50 million from a private investment group. Crossroads lends capital through its direct lending platform to retail and... Read Story

ABN AMRO Commercial Finance has partnered with AURELIUS Finance Company (AFC) to deliver an innovative multi-asset asset based funding solution to Medina Group – one of the largest UK dairy companies.Established in 1992, the family business has grown... Read Story

Allied Affiliated Funding announced that it closed $14 million in recently closed transactions. The new deals include: A $8,000,000 accounts receivable facility to a New Jersey-based company that designs and manufactures displays for large... Read Story

Bibby Financial Services (BFS) completed eight deals recently for total commitments of $7.95 million.   The new deals include the funding of $1 million to a start-up cosmetics wholesaler and distributor. At the point where asking friends and family... Read Story

TriNet Group, Inc., a provider of a comprehensive human resources solution for small to midsize businesses, announced that on June 21, 2018, it entered into a Credit Agreement providing for $675 million of new senior secured credit facilities used to... Read Story

Valuation Research Corporation (VRC) was recognized as the Valuation Firm of the Year by the Association for Corporate Growth (ACG) New York on June 21. "It is an honor that ACG New York has once again selected VRC for this award – and amazingly for... Read Story

Ara Partners Group announced its new name, which reflects the private equity platform's recent growth and future focus. Ara Partners was founded as Argus Energy Managers in early 2017 as an affiliate network of three energy private equity firms:... Read Story

Equity Partners HG, a premier M&A advisory firm to middle market companies in transition, announced that it acted as investment banker to LORAC Cosmetics, LLC, (“LORAC” or the “Company”) in a recently completed sale by U.S. Bank pursuant to Article 9... Read Story

Goodnight Midstream, LLC, a midstream water infrastructure company, recently expanded its revolving credit facility to $320 million. ABN AMRO Capital USA, LLC served as book runner, sole lead arranger and administrative agent.The amended facility... Read Story

The M&A Advisor's 10th Annual International M&A Awards recognized Berkeley Research Group as among the firms advising on the Cross-Border Restructuring Deal of the Year (over $5 billion) in the restructuring of SunEdison Inc. The BRG team consisted... Read Story

Gibraltar Business Capital closed a $6 million credit facility with Dickinson Press, a Grand Rapids, Mich.-based printer of books and other materials. With its initial funding, Dickinson was able to repay funds used to acquire another bindery... Read Story

Transfac Capital, Inc., a national provider of invoice factoring and accounts receivable financing, a subsidiary of Commercial Credit, Inc., has changed its name to Commercial Funding Inc. The change includes the launch of a new website... Read Story

McLarty Capital Partners, a private capital provider to small- and medium-sized enterprises (SMEs), has rebranded as The Firmament Group (Firmament). The new name reflects the firm's evolution from an extension of the McLarty family office to a... Read Story

Azadian Group, a commercial financing provider headquartered in New York City, announced that it is spinning off its direct lending and financing business into a wholly-owned subsidiary, Change Capital. With headquarters, underwriting and... Read Story

US Capital announced the launch of its new flagship brand, US Capital Global. The consolidation under a single brand reflects the group’s international reach and provides clients with enhanced synergy across the group’s rapidly expanding... Read Story

GSO Capital Partners, Blackstone’s credit platform, today announced the final closing of its third stressed/distressed fund, GSO Capital Solutions Fund III, at its hard cap of $7.0 billion, an increase of approximately 40% from GSO’s second capital... Read Story

TCF Inventory Finance, Inc. (TCFIF), a subsidiary of TCF National Bank and an indirect subsidiary of TCF Financial Corporation (TCF) (NYSE: TCF), marked its 10th year in business. TCFIF was founded April 3, 2008 and has grown from a startup with 10... Read Story

Kian Capital, a provider of equity capital and subordinated debt, is pleased to announce the final closing of KMP II, L.P. (the “Fund”) with total capital commitments at its hard cap of $250 million. The Fund will continue the successful strategy of... Read Story

Brightstar Capital Partners, a private equity firm that invests in closely held middle market companies, announced the successful closing of Brightstar Capital Partners’ inaugural fund program in excess of $710 million of institutional capital from... Read Story

Mergers & Acquisitions released the list of eight winners of its 11th Annual M&A Mid-Market Awards. Twin Brook nabbed Lender of the Year for achieving tremendous growth, including doubling deal value from the previous year, raising a second fund of... Read Story

FTI Consulting, Inc. announced that Carlyn Taylor, Global Co-Leader of the firm’s Corporate Finance & Restructuring segment, has been inducted into the American College of Bankruptcy’s 29th Class of Fellows.  The American College of Bankruptcy is an... Read Story

CR3 Partners, a Dallas-based national turnaround and performance improvement firm, announced that the firm was awarded a 2018 Turnaround Award for "Ch 11 Reorganization of the Year for ($25-100MM)" by M&A Advisor in the "Chapter 11 Reorganization... Read Story

Resilience Capital Partners announced that it has been named one of the Top 50 Middle Market Private Equity Firms for the second year in a row, the latest in a series of honors the firm has garnered as it has successfully transformed companies in the... Read Story

Guitar Center, Inc. announced that its indirect wholly owned subsidiary Guitar Center Escrow Issuer, Inc. intends to offer, subject to market conditions and other considerations, $635 million in aggregate principal amount of senior secured notes due... Read Story

Balboa Capital, a direct lender that offers equipment leasing and small business loan products, announced it has successfully completed a $266 million securitization of equipment lease and loan backed notes, its fifth and largest transaction to date.... Read Story

Start-up firms that take out loans in the name of the business in the initial year of operation, as opposed to personal debt obtained in the name of the firm's owner, are significantly more likely to survive and achieve higher levels of revenue... Read Story

The M&A Advisor has selected FocalPoint and Michael Fixler as the winner of the Chapter 11 Reorganization of the Year (over $25-100 million) in its 12th Annual Turnaround Awards. The award is in recognition of FocalPoint's work in connection with... Read Story

D.A. Davidson & Co., a U.S. full-service investment bank, and MCF Corporate Finance, a European independent M&A advisory firm, announced an agreement that will leverage the best-in-class capabilities of both firms to foster international growth... Read Story

ABL Advisor's offices will be closed on Monday, February 19th in observance of President's Day. We will return with the Daily eNews Blast on Tuesday, February 20th. Read Story

Bibby Financial Services (BFS) announced that in Q4 of 2017 the company provided over $35MM in commercial financing to 64 new clients across all of its North American product lines. BFS specializes in financing small and medium-sized businesses... Read Story

The Accutrac Capital Group of Companies expanded its regional territories with the addition of a new subsidiary in Utah. Centered in Park City, Accutrac Transportation Factoring Inc. is positioned to be in close proximity to the company’s growing... Read Story

mBank announced that its asset based lending division, Mackinac Commercial Credit, has formally changed its name to mBank Business Credit, effective February 01, 2018. The headquarters is currently located in Troy, MI and will be relocating to the... Read Story

Thomas J. Allison, CTP, is the first recipient of the Peter Tourtellot Award, the Turnaround Management Association announced. TMA established the Tourtellot Award in 2017 to recognize individuals who have displayed outstanding leadership and... Read Story

In an effort to continue to provide quality service and financial assistance to small business owners across the United States. Meridian PO Finance is proud to announce this year's goal to fund up to $10 million per business in purchase order finance... Read Story

The M&A Advisor announced that John Bolduc is a recipient of the 2018 M&A Advisor Leadership Award. Bolduc is to be honored for his contribution to the bankruptcy and restructuring industry at the 12th Annual Turnaround Awards Gala at the 2018... Read Story

Prospect Capital Corporation announced that Prospect has purchased $70 million of first lien senior secured floating rate notes issued to support the acquisition of Town & Country Holdings, Inc. by affiliates of H.I.G. Capital, LLC (H.I.G.).Founded... Read Story

comScore, Inc. announced that it has entered into agreements with Starboard Value LP under which comScore has: issued $150 million in senior secured convertible notes due 2022  to Starboard in exchange for $85 million in cash and $65 million in... Read Story

Lawrence Financial Group announced funding in excess of $150 million for 2017.   More than 30 transactions were closed representing deals for accounts receivable funding, equipment financing, foreign situations, real estate bridge loans and seasonal... Read Story

The International Factoring Association (“IFA”) announced the launch of its newly designed and mobile friendly website and revealed its new logo. The updated website provides members and other visitors improved functionality and easier navigation... Read Story

Alternative Asset Manager Drift Capital Partners changed its name to Charleston Capital Management in an effort to pay homage to the firm's headquarters, the fund manager told investors this week.The firm provides structured credit solutions to... Read Story

LightBay Capital, a Los Angeles-based private equity firm focused on middle-market opportunities, announced that it has successfully completed fundraising for its inaugural institutional fund, LightBay Investment Partners LP, with total committed... Read Story

TCF Financial Corporation announced that as a result of the tax reform legislation enacted December 22, 2017, it will be required to revalue its deferred tax assets and deferred tax liabilities to account for the future impact of lower corporate tax... Read Story

Cerberus Business Finance, LLC, the middle-market direct lending platform of Cerberus Capital Management, L.P., announced that it has launched a new office in San Francisco, hiring Scott Johnston and Kurt Peterson to lead its dedicated efforts to... Read Story

Marquette Business Credit recently funded four new clients with new commitments totaling more than $79 million.  These new clients include Borroughs Corporation., a commercial storage systems manufacturer; Warner Robins Building Supply, building... Read Story

The M&A Advisor, a global network of M&A, turnaround and finance professionals, announced that Mackinac Partners’ Senior Managing Director Keith Maib will be the recipient of the 2018 M&A Advisor Leadership Award, a career-spanning recognition of his... Read Story

Siena Lending Group LLC (Siena) completed a three-year $4 million asset-based credit facility for a facility management and maintenance company. The credit facility will be used to refinance its existing senior debt and to provide additional working... Read Story

US Capital Partners Inc. has been engaged by Intellibidder Corporation as its exclusive financial adviser for a $2 million senior secured convertible note issuance for the firm, as a bridge to an $11 million Series-A equity raise. US Capital Partners... Read Story

Allied Affiliated Funding announced the following recently closed transactions: $750,000 accounts receivable facility to a Texas-based staffing company supporting IT, telecom and accounting/finance customers. This start-up company needed growth... Read Story

King Trade Capital announced the financing of two new client relationships in November. These new purchase order and trade finance relationships illustrate the ever changing creativity of the King Trade capital team to support the changing needs of... Read Story

CRG, a healthcare-focused investment firm, announced cumulative financing commitments of $881 million in 11 new commercial-stage healthcare investments over the last 12 months. In addition, the firm generated realizations from eight portfolio company... Read Story

The M&A Advisor named Berkeley Research Group the 2017 Valuation Firm of the Year at its 16th Annual M&A Advisor Awards Gala at the Metropolitan Club in New York on November 13. BRG also won Energy Deal of the Year (over $100 million) for its... Read Story

Pacific Premier Bancorp, Inc., the holding company of Pacific Premier Bank, announced a multi-year partnership with the National Football League’s Los Angeles Chargers. As part of this relationship, Pacific Premier Bank will proudly serve as the... Read Story

Allied Affiliated Funding announced the following recently closed transactions: $1,00,000 accounts receivable facility to an economically disadvantaged woman-owned small business (EDWOSB) concern with business roots dating back to 1917. The... Read Story

LBC Small Cap SBIC, L.P., an affiliate of LBC Credit Partners, has received its first SBIC Fund License through the U.S. Small Business Administration. LBC Small Cap will originate, execute and manage senior secured, junior debt, structured equity... Read Story

Woodforest National Bank recently celebrated the opening of a new Commercial Banking Regional office in downtown Los Angeles to provide commercial lending, payments and cash management and wealth management services to middle market companies and... Read Story

Lincoln International, a global, middle market investment bank, announced the launch of the Lincoln Middle Market Index. The Lincoln MMI is the only index that tracks changes in the enterprise value of U.S. privately held middle market companies and... Read Story

The Ares Management, L.P Credit Group (including funds managed by Ares Management, collectively “Ares”) is providing additional details on new financing commitments in its U.S. direct lending strategies that closed during the third quarter, which... Read Story

GemCap provided a $10.0 million inventory revolving asset based line of credit and a $300 thousand term loan against equipment to a Texas nursery.  Chiron Financial, LLC served as the exclusive investment banker. “Our client needed financing which... Read Story

Liquid Capital completed seven transactions for a total of $3,550,000. Details of the transactions follow: $750,00 purchase finance (PFP) facility to a Dry Grocery Manufacturer in Monroe, MI to take advantage of supplier discounts. $300,000... Read Story

Far West Capital is pleased to announce it provided $7 million in working capital facilities for 2 growing businesses in the first half of September.The total includes a $6 million dollar deal for a turnkey electrical and civil contractor. This... Read Story

Allied Affiliated Funding announced the following recently closed transactions: $500,000 accounts receivable facility to a veteran owned business that serves as a subcontractor, providing procurement services and staffing placements to support... Read Story

Railway and Industrial Services, Inc., an industrial railcar repair, restoration and rebuilding shop, has retained Equity Partners HG to seek a refinancing, joint venture or equity partner for, or to sell the land, buildings, equipment, and business.... Read Story

Opus Bank announced that its Merchant Banking division, through its broker-dealer subsidiary, Opus Financial Partners, served as financial advisor to Destination Pet, LLC, a provider of a broad array of pet care services, on its placement of $30... Read Story

Baker Hill, a leading provider of technology solutions for common loan origination, portfolio risk management and smart data analytics, today announced its reseller agreement with Experian®, the world’s leading global information services company.... Read Story

Mackinac Commercial Credit funded three transactions this summer totaling $14,300,000.  The deals include: $7,500,000 participation in a $40 million line of credit to an Illinois based specialty finance company.  $5,500,000 ABL line of credit to... Read Story

Bridging Finance Inc. announced the Launch of the Bridging Mid-Market Debt Fund LP., which will be available as of October 20, 2017 through the IIROC dealer channel on FundSERV. The goal of the Bridging Mid-Market Debt Fund will be to provide... Read Story

Liquid Capital named Nabil Istafanous as a new Principal offering alternative financing solutions to start-ups and small businesses in Seattle and surrounding areas. Istafanous comes to the Liquid Capital group with a wealth of knowledge and... Read Story

King Trade Capital has been featured in a new book titled, "Tools and Strategies for Export," written by a well-known trade banker Cornelio (Onnie) Sumangil. Sumangil has 40 years of trade finance expertise working as a trade finance specialist at... Read Story

Azadian Group, a commercial lender headquartered in New York City, has announced the opening of a full-time office in downtown Los Angeles, to service existing clients in the Western U.S. and to capitalize on opportunities in California, Texas... Read Story

Female employees at U.S. Bank and Citizens Bank were honored with the distinction of being named among the "Most Powerful Women in Banking" in 2017 by the magazine American Banker. Beth Johnson, Citizens Bank's chief marketing officer, joined Leslie... Read Story