Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and more than $6 billion in assets, provided a small business administration (SBA) term loan to restaurateur Tom Schlesinger-Guidelli. The loan will be used to...
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December 05, 2023, 07:46 AM
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Hercules Capital announced that the U.S. Small Business Administration (“SBA”) has issued a “green light” letter inviting Hercules to submit an application to obtain a license to form and operate a fourth Small Business Investment Company (“SBIC”)...
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November 10, 2023, 07:47 AM
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First Internet Bank announced that Charles Wheaton has joined the organization as Vice President, Senior Business Development Officer. With his vast experience in all facets of corporate lending, their newest member further strengthens the Bank’s...
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May 15, 2023, 06:00 AM
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WSFS Bank, the primary subsidiary of WSFS Financial Corporation announced that Steven J. Cunningham has been named Senior Vice President, Director of Small Business Administration (SBA) Sales, reporting to Candice Caruso, Senior Vice President, Chief...
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November 16, 2022, 07:00 AM
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Isabella Casillas Guzman, head of the U.S. Small Business Administration (SBA), directed the Agency to provide additional deferment of principal and interest payments for existing COVID Economic Injury Disaster Loan (EIDL) program Borrowers for a...
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March 16, 2022, 07:52 AM
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Commercial Finance Partners closed over $15,000,000 in new SBA 7a Loans for Q2 of 2021. As lending has returned to pre-pandemic levels, Commercial Finance Partners also provided over $10,000,000 in other lending facilities including accounts...
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July 12, 2021, 07:44 AM
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Heritage Bank of Commerce announced that the Bank continues to expand its Specialty Finance Group. The Specialty Finance Group consists of Bay View Funding’s national factoring business and the Bank’s national Asset-Based Lending (“ABL”)/Corporate...
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June 30, 2021, 08:02 AM
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Newtek Business Services Corp., an internally managed business development company (“BDC”), announced that Newtek Business Lending, LLC (“NBL”), Newtek’s portfolio company that originates and funds SBA 504 loans, closed a $100 million credit facility...
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March 23, 2021, 07:30 AM
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Tree Line Capital Partners announced the expansion of its lower middle-market direct lending platform adding a Small Business Investment Company (SBIC), an Austin, TX office and three new team members. 2020 presented significant volatility and market...
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January 25, 2021, 08:13 AM
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LQD Business Finance has launched a PPP Forgiveness Platform for banks and borrowers to quickly process thousands of forgiveness applications efficiently while complying with the SBA guidelinesAs of Friday, May 22, 2020, the Small Business...
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June 12, 2020, 08:55 AM
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Leading venture debt provider Trinity Capital Investment announced the recent launch of a third fund, Trinity Capital Investment Fund III, L.P. (Fund III), which is expected to provide an estimated $600 million of additional capital for deployment...
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September 29, 2016, 07:06 AM
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Opus Bank announced that Opus Equity Partners Opportunity Fund I, L.P. (“SBIC Fund”) has received final committee approval for a license from the United States Small Business Administration (the "SBA") to operate as a Small Business Investment...
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September 19, 2016, 07:43 AM
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ExWorks Capital announced that Keith Kirkland has joined the company in its new offices in Atlanta.
Kirkland is a 25-year veteran of the financial services industry with expertise in sales, sales management, client relationships, marketing, and...
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August 19, 2016, 07:45 AM
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Steve Gross, executive vice president and SBA division head of Crestmark Bank, announced the promotion of Christopher Soupal to senior vice president, national sales director of the SBA Lending Division from first vice president, national sales...
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July 13, 2016, 07:29 AM
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Crestmark Bank recently added three new staff members, and named David Menoian, sales analyst with the SBA Division, an officer of the company. New additions to Crestmark’s growing staff are: Joseph Civitella, assistant vice president, account...
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May 05, 2016, 07:19 AM
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The Biz2Credit August Small Business Lending Index dropped by 0.1 points for big and small banks, an indication that the SBA budget scare effected growth in loan demand. Another key finding of the monthly analysis of 1,000 loan applications from...
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September 10, 2015, 07:56 AM
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Garrison Capital announced that its wholly-owned subsidiary, Garrison Capital SBIC LP has received final committee approval for a license from the United States Small Business Administration (the "SBA") to operate as a Small Business Investment...
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March 17, 2015, 06:57 AM
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Square 1 Bank announced that Scott Coleman has joined the bank's small business lending group as vice president and business development officer. Based in Atlanta, Coleman will focus on business development efforts throughout Georgia and the greater...
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August 14, 2014, 07:34 AM
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Crestmark announced the expansion of their SBA loan products with the creation of a division focused entirely on national SBA finance. Crestmark has been offering SBA loans as a compliment to their core client base of small- to medium-sized...
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May 02, 2014, 07:34 AM
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