Finley, a debt capital management platform for borrowers and asset managers, announced the launch of the Finley Verification Suite, a set of capabilities that enables lenders in asset-backed lending (ABL) arrangements to verify the accuracy of...
Read Story
April 08, 2024, 07:00 AM
|
The asset-based lending market held steady in the third quarter amid positive developments in the U.S. economy such as easing inflation, strong consumer spending and a solid job market, according to data released by the Secured Finance Network...
Read Story
January 05, 2024, 07:35 AM
|
Third Eye Capital (TEC) appointed David Steele as President and Chief Operating Officer, effective August 15, 2023.Previously, Steele served as the Canadian President and CEO of Russell Investments, a leading global investment firm, where he...
Read Story
July 31, 2023, 07:37 AM
|
CIBC announced that Cindy Jamroziak, managing director and senior underwriter, has joined its Asset-based Lending (ABL) team.Jamroziak brings more than 30 years of industry experience to CIBC’s ABL underwriting team. She will support the ABL group’s...
Read Story
July 26, 2023, 06:00 AM
|
The reach of secured financing: cash and liquidity for over 1 million U.S. businesses; funds for about one-third of the roughly 4.6 million U.S. firms with at least two employees The Secured Finance Network’s (SFNet) new Secured Finance Market Sizing...
Read Story
June 06, 2023, 07:45 AM
|
Rosenthal & Rosenthal announced the completion of three recent transactions in the apparel and outdoor sectors, including a $1 million factoring deal for an outdoor apparel company, a $5 million asset-based loan for a growing apparel brand and a $1.5...
Read Story
March 02, 2023, 08:07 AM
|
Encina Lender Finance closed a $50MM senior secured credit facility for Mountain Ridge Capital, an asset-based commercial finance company backed by Arena Investors, LP.Ed Chang, CEO of ELF, said, “We are proud to support Mountain Ridge Capital and...
Read Story
February 14, 2023, 08:01 AM
|
The third quarter saw continued confidence in the asset-based lending market, according to data released by the Secured Finance Network, and that was welcome news as the country wrestles with inflation, rising interest rates and a slowed...
Read Story
December 20, 2022, 07:47 AM
|
Mike Colloton, Vice President II – Asset-Based Lending at First Business Specialty Finance, LLC, a subsidiary of First Business Bank, announced a recently closed and funded $9.2 million revolving line of credit, equipment term loan, and structured...
Read Story
December 19, 2022, 07:30 AM
|
Axiom Bank has launched a new Commercial Finance Division headquartered in Dallas, TX. The new division will service businesses seeking Asset Based Lending, Factoring, and Equipment Financing credit facilities ranging from $2 million and greater and...
Read Story
December 14, 2022, 08:01 AM
|
Bell Bank announces the launch of Bell Business Credit, a national specialty lending team providing asset-based lending and factoring services ideally suited for working capital intensive companies that generate $2 million to $120 million in annual...
Read Story
November 17, 2022, 08:00 AM
|
Bridge Bank announced a significant expansion of its growing asset-based lending team, part of the bank’s Capital Finance Group.Seven recent hires support the ongoing buildout of monitoring support for the Capital Finance Group, which serves clients...
Read Story
September 21, 2022, 08:03 AM
|
There was confidence in the asset-based lending market in the second quarter despite the economic pain of surging inflation and rising interest rates, according to data released by the Secured Finance Network. SFNet surveyed bank and non-bank...
Read Story
September 21, 2022, 07:45 AM
|
Wells Fargo Commercial Banking announced that Tanner Phifer will lead Middle Market Asset-Based Lending (ABL) origination for the West region, which is part of the bank’s secured lending and leasing businesses. The Middle Market ABL originations team...
Read Story
July 28, 2022, 08:02 AM
|
CIT, a division of First Citizens Bank, has hired Geoffrey Samuels as a business development officer in its Asset-Based Lending business.Samuels will be based in Charleston, South Carolina, with a focus on asset-based lending business development...
Read Story
July 12, 2022, 07:39 AM
|
Banc of California hired Matthew Grimes in the new position of SVP, ABL Leader. In this position, Grimes will be responsible for leading the bank’s Asset Based Lending efforts. Grimes will report to Hamid Hussain, President, Real Estate and...
Read Story
February 24, 2022, 08:05 AM
|
Great Elm Capital (GECC), a business development company, acquired a majority equity interest in Sterling Commercial Credit, LLC (“Sterling”) a leading asset-based lender.Established in 2004, Sterling provides asset-based loans to middle market...
Read Story
February 04, 2022, 08:00 AM
|
FGI Worldwide announced that Sami Altaher has been named President of FGI, effective, February 1st. David DiPiero will continue to serve in his role as Chief Executive Officer. Altaher’s promotion and DiPiero’s continued service as CEO reflect their...
Read Story
February 01, 2022, 08:02 AM
|
Bank of Ann Arbor announced a new Asset Based Lending Group, stationed in its new branch office at 260 East Brown Street, Birmingham, Michigan. As reported last week, this new branch location housing retail banking, commercial lending, and asset...
Read Story
February 01, 2022, 07:55 AM
|
BizCap (Business Capital since 2002), announced industry veteran Karen Gottwald has joined as senior vice president, business development officer. Coinciding with the hiring of Ms. Gottwald is the opening of BizCap’s new office in Tampa. Based in...
Read Story
February 01, 2022, 07:25 AM
|
Accord Financial Corp. appointed Jim Hogan as President, U.S. Asset Based Lending (ABL) as of January 1, 2022. As a member of the Executive Leadership team, he will be responsible for leading and growing the business throughout the U.S., delivering...
Read Story
January 07, 2022, 08:11 AM
|
Confidence in the asset-based lending market held steady in the third quarter as banks and other lenders kept a close eye on the bigger economic picture, according to data released by the Secured Finance Network (SFNet). SFNet surveyed bank and...
Read Story
December 09, 2021, 07:22 AM
|
Asset-based lending grew modestly in the second quarter for banks and more significantly for other lenders, according to data released by the Secured Finance Network (SFNet). The association surveyed 36 bank and non-bank asset-based lenders (ABLs) on...
Read Story
September 03, 2021, 07:37 AM
|
Wells Fargo Capital Finance, part of Wells Fargo & Company, announced that Marc Grossman has been named executive vice president and division manager of factoring and specialty asset-based lending (ABL) in its Commercial Services Group.
The...
Read Story
December 12, 2018, 07:57 AM
|
Eastern Bank, America’s oldest and largest mutual bank, announced that Donald B. Lewis has joined its Commercial Lending Division as Senior Vice President, Head of Asset Based Lending. Prior to joining Eastern, Lewis spent 27 years at Citizens Bank...
Read Story
November 06, 2018, 08:18 AM
|
Sunflower Bank announces that it has created a new Structured Finance Group to provide relationship-focused asset based lending (ABL) and leveraged finance services to lower middle market companies and private equity investors. TJ Kern, Structured...
Read Story
August 10, 2018, 07:19 AM
|
Bank Leumi USA announced that it has hired Mark Fagnani to head its new Asset-Based Lending (ABL) business, which will be based in its New York headquarters. In this role, Fagnani will be responsible for leading the establishment and growth of this...
Read Story
July 17, 2018, 07:10 AM
|
Santander Bank announced that Brian Schwinn has been appointed to head the Bank’s asset based lending (ABL) and restructuring finance business in its Commercial Banking division. Schwinn is responsible for growing Santander’s ABL business, a...
Read Story
July 11, 2018, 07:26 AM
|
Far West Capital announced their merger and platform sale to Advantage Business Capital, Inc. of Houston, Texas, a nationwide provider of working capital through their asset-based lending and accounts receivable factoring solutions since 1978....
Read Story
June 04, 2018, 08:10 AM
|
White Oak Commercial Finance, LLC (WOCF), a provider of lending services to the middle-market, announced that it has launched a new asset-based lending offering designed for the staffing sector.WOCF has been providing working capital financing...
Read Story
November 28, 2017, 08:01 AM
|
Hana Financial, Inc., a non-bank specialty commercial lender, announced that it has secured a new $100 million factoring credit facility through an issuance of the Series 2017-1 Factoring Contract Backed Notes.The new credit facility by Hana...
Read Story
June 27, 2017, 07:40 AM
|
White Oak Asset Finance, GP, an affiliate of White Oak Global Advisors, LLC, announced the appointment of Stephen M. Metivier, to serve as Managing Director. Metivier will be responsible for originating, structuring and supporting asset-based loan...
Read Story
June 07, 2017, 07:40 AM
|
Plaza Bank announced it has hired Heather Hinrichs as Senior Vice President and Director of Asset-Based Lending (ABL). In this role, she is responsible for expanding Plaza Bank's ABL business, a specialized method of lending and key growth area for...
Read Story
March 02, 2017, 07:40 AM
|
First Niagara Financial Group announced the appointment of Jonathan Miller as Senior Portfolio Manager for First Niagara Commercial Finance. Miller will be responsible for managing existing clients and cultivating new asset-based lending...
Read Story
October 02, 2015, 08:03 AM
|
Bri-Chem Corp., a leading North American wholesale distributor and manufacturer of oil and gas drilling fluids and steel pipe,has increased and extended its Asset Based Lending Facility ("ABL Facility") by $10 million from $80 million to $90 million...
Read Story
November 21, 2013, 07:53 AM
|
Stephen R. Brown, President & CEO of Hudson Valley Bank, the operating subsidiary of Hudson Valley Holding Corp., has announced the launch of its asset-based lending group. The newly formed unit, which will be led by a team of banking industry...
Read Story
November 07, 2013, 08:04 AM
|
First Internet Bank of Indiana, a provider of online retail and business banking services nationwide, announced the expansion of its commercial lending capabilities through an asset-based lending line of business. Operating under the name First...
Read Story
November 07, 2013, 07:39 AM
|
IDB Bank announced the appointment of Eric Serenkin as SVP and head of asset-based lending.Serenkin has been a prominent lender in the asset-based industry area for many years and has held senior positions with CIT, PNC, and Wells Fargo He will focus...
Read Story
November 06, 2013, 08:01 AM
|
Citi Commercial Bank announced the expansion of its asset-based lending (ABL) unit to enhance and expand lending to middle market and mid-corporate U.S. businesses seeking revolving lines and term loans based on underlying assets. The strategic...
Read Story
October 25, 2013, 07:55 AM
|
Avidbank Corporate Finance, a division of Avidbank that specializes in technology and asset-based funding, has provided $5 million of financing to ICU Eyewear, Inc. of Berkeley, CA. The facilities will be used for working capital flexibility and...
Read Story
October 17, 2013, 07:26 AM
|
Berkshire Hills Bancorp announced that it has appointed George Bacigalupo Executive Vice President - Commercial Banking responsible for business banking, including the asset-based lending and leasing business lines. Berkshire's Regional Commercial...
Read Story
October 16, 2013, 07:59 AM
|
First Niagara Commercial Finance, the asset-based lending arm of First Niagara Financial Group, Inc., recently announced Keith Broyles has joined as National Director of New Business Development. In his new role, Broyles will lead a team of new...
Read Story
October 16, 2013, 07:40 AM
|
Siena Lending Group announced the completion of a two-year $5 million senior secured revolving credit facility for Smooth Fitness on Sep. 23, 2013. The facility will be used to support the company’s working capital and growth plans. In addition, the...
Read Story
October 08, 2013, 07:14 AM
|
Salvatore "Sal" Carino has been appointed the to serve as vice president of lending for GE Capital, Corporate Finance. He will be based out of Alpharetta, GA will specialize in providing asset-based and cash flow financing solutions for mid-size...
Read Story
October 07, 2013, 07:51 AM
|
ABL Advisor is pleased to announce the newest expansion of its innovative online publishing platform with the launch of ABL Advisor Weekly Deal Blast – a weekly synopsis of asset-based and other secured commercial transaction activity delivered via...
Read Story
July 26, 2013, 08:03 AM
|
UniTek Global Services, a provider of permanently outsourced infrastructure services to the telecommunications, broadband cable, wireless, transportation, public safety and satellite television industries, has received a commitment letter from Apollo...
Read Story
July 03, 2013, 07:38 AM
|
The Newark Group, a leader in the collection of secondary fibers and the manufacturing and converting of 100% recycled paperboard in the U.S. and Canada, announced the company has completed a $186 million refinancing transaction. The company...
Read Story
February 12, 2013, 07:49 AM
|
U.S. asset-based lending (ABL) facilities present in a defaulted issuer's capital structure demonstrated complete recoveries in a bankruptcy scenario, according to a new Fitch Ratings report.
Fitch reviewed 12 recent U.S. bankruptcies - five...
Read Story
January 30, 2013, 08:04 AM
|
TCF Capital Funding (TCFCF) , the Chicago-based leveraged finance division of TCF National Bank, provided $8.5 million in senior secured credit facilities in support of the recapitalization of Direct Marketing Solutions, Inc. by a group formed by...
Read Story
January 22, 2013, 07:24 AM
|
Momentive Specialty Chemicals announced that it has obtained commitments from financial institutions for a new $400 million asset-based revolving loan credit facility, subject to a borrowing base. The ABL facility will replace the company’s existing...
Read Story
January 17, 2013, 07:32 AM
|
Cole Haan, a designer and retailer of premium footwear, is seeking a $270 million term loan B backing its buyout by Apax Partner, according to a person with knowledge of the transaction.
Jefferies Group is arranging the financing which will also...
Read Story
January 09, 2013, 07:05 AM
|
Although default rates on leveraged loans remain extremely low, it's not likely to last and an increase could start showing up as the economy heads into 2013, according to the latest Restructuring Quarterly Newsletter issued by Morgan Joseph...
Read Story
November 27, 2012, 08:02 AM
|