White Oak Global Advisors, LLC  on behalf of its institutional clients, announced today that White Oak has expanded its asset-based lending platform through the acquisition of Capital Business Credit, LLC (“CBC”), a leading commercial finance company... Read Story

Avidbank Holdings, Inc., parent company of Avidbank, announced today that Geoff Butner has joined the Bank as Senior Vice President and Deputy Chief Credit Officer. Butner brings nearly 30 years of experience in banking and financial services, most... Read Story

Crestmark President and COO Mick Goik announced the promotion of Ray Morandell to executive vice president, national sales director. “Crestmark has marked its 20th year of helping small- and medium-sized businesses access the funding they need to... Read Story

Bibby Financial Services (BFS) North America announces the additions of Jeff Guldner as Chief Credit Officer and Bret Hill as Chief Finance Officer, along with the appointment of Jeff Morse to Chief Operations Officer. These new roles round out the... Read Story

MB Business Capital recently provided a new $17.3 million senior credit facility to Vinemont, Alabama-based HomTex, Inc. HomTex is a family owned company that manufactures bedding products that include fashion bedding, sheets, pillows, mattress pads... Read Story

Synalloy Corporation announced that it, through its subsidiary Bristol Metals, LLC, has signed a definitive agreement to acquire the Stainless Steel Pipe and Tube operations of Marcegaglia USA.  The parties expect the transaction to close on or by... Read Story

Wells Fargo Capital Finance announced Ryan Chin as managing director for loan originations.  Based in Santa Monica, CA, Chin will be focused on originating loans for the Western U.S. region. “We’re excited to leverage Ryan’s breadth of experience and... Read Story

Marquette Business Credit announced the addition of Stephen Shelton to its Business Development team. Shelton joins Marquette as a Senior Vice President, Business Development Officer and will work out of Marquette’s newest location in New York City... Read Story

Gibraltar Business Capital announced that Dave Meier has joined as Business Development Officer. Based in the company’s Northbrook headquarters, Dave will focus on the Midwest Region – including Ohio, Indiana, Michigan, Illinois, Wisconsin, Missouri... Read Story

PNC Bank, N.A. announced the addition of Daniel Morihiro, senior vice president; Patrick Simpson, senior vice president, and Graham Holding, vice president, to the senior secured financing team. All will be responsible for business development and... Read Story

Siena Lending Group LLC (“Siena”) announces the completion of a three-year $2.5 million asset based revolving and term loan credit facility for DelVal Flow Controls ("DelVal") to refinance their existing senior debt and to provide additional working... Read Story

MB Business Capital recently provided a new senior credit facility to Beloit, Wisconsin-based PlayMonster, LLC, formerly known as Patch Products. PlayMonster is a leading national manufacturer and marketer of family entertainment products... Read Story

UCI International, LLC  announced the United States Bankruptcy Court for the District of Delaware confirmed its plan of reorganization. The confirmation order marks a key milestone in the 6 month reorganization process and positions the Company for... Read Story

Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a $21.5 million senior term loan to support the recapitalization and future acquisitions of All Holding Company, LLC (“AHC”) by private equity... Read Story

Webster Bank recently announced that it has provided $18 million in senior credit facilities to Edison, New Jersey based Bentley Laboratories, LLC, an industry leader in the formulation and outsource manufacturing of products for the beauty and... Read Story

Access Capital announced it has provided a revolving credit facility of $3 million and a term loan of $200,000 to an IT staffing company based in San Diego, CA. The company has been operating for nearly 15 years placing permanent and temporary... Read Story

Wells Fargo Capital Finance acted as lead arranger on a $185 million senior secured credit facility for Heidtman Steel Products, Inc., an industry leading steel processing company, that will be used to support the company’s working capital needs. “We... Read Story

Gibraltar Business Capital proved again that asset-based lending is an increasingly relevant financing option for businesses immersed in media technology services. Media tech company CPXi, a digital solutions company headquartered in New York with... Read Story

MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new $9.32 million senior credit facility to Air Waves, LLC. Air Waves is a leading provider of on demand garment printing and fulfillment services. Air Waves... Read Story

Mick Goik, president and chief operating officer of Crestmark Bank, announced the promotions of three employees at its corporate headquarters in Troy: Josh Beauvais was promoted to vice president, special assistant to Chief Credit Officer Mark... Read Story

Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support private equity sponsor Tower Arch Capital’s recapitalization of Corbett Technology Solutions, Inc. (“CTSI”) in... Read Story

Encina Business Credit, LLC (EBC) announced it has provided a $7.5 million asset-based revolving credit facility to a recreational products company based in the Midwestern U.S. The credit facility consists of a working capital revolver secured... Read Story

GMS Inc., a leading North American distributor of gypsum wallboard and suspended ceiling systems, announced an amendment to its ABL Credit Agreement (“ABL”). Under the agreement, the ABL will, among other things, expand to $345 million from $300... Read Story

Ares Commercial Finance announced that it has provided an $18 million senior secured credit facility to Hastings Manufacturing Company, a Michigan-based manufacturer and distributor of piston rings used in gasoline and diesel engines.  The credit... Read Story

Monroe Capital LLC was selected as the recipient of the 2016 Lender Firm of the Year Award by The M&A Advisor. Award winners were honored at the 15th Annual M&A Advisor Awards Gala held in New York City on November 9.Monroe Capital provides... Read Story

Austin Financial Services, Inc. (AFS) recently funded a $2 million asset-based credit facility for a security services company. The client, who has multiple locations throughout the country, provides security services for a wide range of venues... Read Story

Oxford Finance LLC, an industry-leading specialty finance firm that provides senior debt to life sciences and healthcare services companies, announced that it has been acquired by an affiliate of Wafra Capital Partners, whose family of funds and... Read Story

Rockland Trust announced it financed a $4.35 million transaction for equipment manufacturer, Macton Corporation and its senior credit facility. “Rockland Trust is excited to partner with Peter McGonagle and his Macton team to invest in a company that... Read Story

Blue Hills Bank announces the closing of a $10 million senior credit facility with T2 Computing, Inc., an information technology hardware sales and service company based out of New York. Led by senior vice president, head of asset-based lending Keith... Read Story

Encina Business Credit, LLC (EBC) announced that it has provided a $31.5 million senior secured credit facility to Katy Industries, Inc. (Katy) and its wholly-owned subsidiary, Continental Commercial Products, LLC. The financing, which is comprised... Read Story

MidCap Business Credit completed a $3.5 million asset-based line of credit to Unified Logistics Holdings, LLC.   Headquartered in Bethesda, MD, Unified provides specialty hauling and trucking services in the Eastern portion of the United States... Read Story

As a result of continued growth and increased demand for asset-based lending, Bibby Financial Services (BFS) announces the addition of Jim Vargo as Senior Vice President of Business Development. Vargo will lead the Asset Based Lending (ABL) division... Read Story

Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior term loan to support the continued growth of Hanna Andersson by a prestigious private equity sponsor.Founded in 1983 and based in Portland... Read Story

Wells Fargo Capital Finance, part of Wells Fargo & Company, announced today that Richard Zeni has joined its Loan Originations team in Canada as a business development officer. Based in Toronto, Zeni is primarily responsible for sourcing and... Read Story

CHC Group announced that on November 11, 2016, the Company filed a proposed chapter 11 plan of reorganization (the "Plan") and related Disclosure Statement with the United States Bankruptcy Court for the Northern District of Texas.Under the terms of... Read Story

i2B Capital, a provider of direct financing to niche-market financial entrepreneurs, is pleased to announce the closing of a $4 million asset-based revolving line of credit with an accordion to $6 million with CFG Merchant Solutions (CFGMS). CFGMS is... Read Story

TCF Capital Funding announced that it provided $17.5 million in secured financing to support HCI Equity Partners in its investment in The Delaney Hardware Co. (“Delaney” or the “Company”).Headquartered in Cumming, GA, and founded in 1992 by Michael... Read Story

BlueLinx Holdings Inc., a leading distributor of building and industrial products in North America, announced an extension of the maturity of its revolving credit agreement with a syndicate of banks led by Wells Fargo Bank, National Association.... Read Story

Loeb announced the addition of Andy King to the team as the Executive Vice President, Originations. He joins the organization focusing on expanding the company’s equipment-based lending portfolio, as well as, appraisal, auction, and off-lease... Read Story

Coral Capital Solutions, an innovative provider of financing solutions for North American medium sized enterprises, announced it has secured a $25 million senior credit facility from Wells Fargo Capital Finance, a leader in asset-based lending.  The... Read Story

PNC Bank Canada Branch, the Canadian branch of PNC Bank, N.A., completed a C$38.0 million financing package for DCM Group, a leading provider of construction, maintenance, fabrication and shutdown services for industrial projects throughout Canada.... Read Story

Crestmark secured a total of $22.415 million in financial solutions for 12 new clients in the second half of October. On Oct. 15, a $2.5 million new lease transaction was completed with a communications provider in the West. A $400,000 ledgered... Read Story

Republic Business Credit has hired Thomas Harris as Senior Vice President of Business Development. As the new business team continues to expand this appointment adds depth and strength to the already cemented Midwestern presence supporting Republic’s... Read Story

Veritas Financial Partners announced the closing of a $16 million asset based revolver and term loan credit facility for Chicago American Manufacturing, LLC (“CAM”).  CAM utilized the proceeds to refinance their existing senior debt and to provide... Read Story

Wilentz, Goldman & Spitzer, P.A. has named Paul H. Shur as shareholder and newest member of the firm’s Banking/Creditors’ Rights practice.  Shur’s arrival represents a strategic lateral addition to further the already deep scholarship and strength of... Read Story

King Trade Capital, the industries oldest and largest independent purchase order and trade finance company announced the addition of finance veteran Brandyn M. Prust to their east coast finance team.King Trade Capital serves importers, exporters... Read Story

Intrepid Potash, Inc. announced it has reached an agreement with its noteholders to amend the terms of its senior notes.  Concurrently, Intrepid entered an asset-based revolving credit agreement with Bank of Montreal that provides for borrowings of... Read Story

Marquette Business Credit announced its appointment of Michel Lynch as Senior Vice President, Senior Credit Officer. Working out of Minneapolis, Minnesota, Lynch will support credit activity within the existing portfolio and on new business... Read Story

Crestmark, celebrating its 20th anniversary, welcomes John D. Gullman, regional first vice president, business development officer, to its East Division. Gullman will represent Crestmark in the Florida market, which he has covered for more than 30... Read Story

84 Lumber Company announced it has closed on a new $350 million Senior Secured Term Loan B (“TLB”) and refinanced its existing credit facility with a new $350 million Asset Based Revolving Credit Facility (“ABL Revolver”). The TLB and ABL Revolver... Read Story

Performance Sports Group Ltd., a leading developer and manufacturer of high performance sports equipment and apparel, announced that, in order to facilitate a financial and corporate restructuring through a going-concern sale of substantially all of... Read Story

MB Business Capital recently provided a new $10.5 million senior credit facility to Southeast Aluminum Products, Inc. (“SEAP”). Headquartered in Jacksonville, FL, SEAP is a leading manufacturer of bath enclosures and shower doors for the residential... Read Story

Capital One announced it served as sole lead arranger and bookrunner for a $156 million senior secured credit facility — consisting of a $126 million term loan and a $30 million asset-based revolver — for Select Rehabilitation, the largest privately... Read Story

Webster Bank provided a $110 million debt financing loan to Ensono, a hybrid IT services provider that works with its clients to deliver progressive solutions to help them operate their IT infrastructure.  The loan will be used to finance the... Read Story

Wells Fargo announced that Henry Jordan, the chairman and chief executive officer of Wells Fargo Capital Finance, will retire on December 31, 2016. Following Jordan’s retirement, Wells Fargo Capital Finance will join Wells Fargo Commercial Capital... Read Story

MB Business Capital announced that John Littrell has joined its middle-market asset-based lending team as senior vice president, account executive in MB’s Rosemont, ILoffice. In this role, he will be managing a portfolio of relationships and working... Read Story

MB Business Capital announced it recently provided a new senior credit facility to O.S. Walker Co., Inc. and it’s affiliates (“Walker Magnetics”). Walker Magnetics designs and manufactures industrial magnetic products using permanent... Read Story

North Mill Capital LLC announced the promotion of Heidi Ames to Senior Vice President. Ames, who joined North Mill in 2010 as an auditor, is now a senior account executive handling a portfolio of asset-based clients and is responsible for new... Read Story

North Mill Capital announced it has hired Robert Reagan as a Senior Vice President/Business Development Officer for its mid-Atlantic region."Bob will help grow our ABL and factoring business in the Mid-Atlantic States," said Dan Tortoriello, EVP and... Read Story

Basic Energy Services, Inc. announced that the company has successfully obtained an extension of its temporary waiver from Basic's secured asset-based revolver (the "ABL Facility") lenders.  As previously announced on October 17, 2016, the Company... Read Story

Alliance One has entered into an ABL credit agreement with certain bank lenders establishing a senior secured revolving asset-based lending facility (the "ABL Facility") of $60.0 million subject to a borrowing base composed of its eligible accounts... Read Story

When a southeastern private equity company sought refinancing for one of their portfolio companies, they set sail towards Republic Business Credit due to a previous successful client experience. With the cyclical and large project nature of the... Read Story

Monroe Capital LLC announced the final close of Monroe Capital Private Credit Fund II LP (“Fund”) at $800 million of limited partner commitments, eclipsing the Fund target of $600 million. When combined with target fund leverage, the Fund will have... Read Story

MB Business Capital recently provided a new $14 million senior credit facility to Smart Chemical Services, LP ("SCS") and it's affiliates. Smart Chemical Services manufactures proprietary chemical products and provides services to the drilling... Read Story

Republic Business Credit provided a Texas capital sponsor with the working capital facility to complete the acquisition of a forty-year old iconic publication.  Republic provided a $4.5 million receivables purchase line of credit to support the... Read Story

Monroe Capital announced it acted as sole lead arranger and administrative agent on the funding of a senior term loan to support the acquisition of The Worth Collection, Ltd. (“Worth”) by private equity sponsor, New Water Capital, L.P. Based in New... Read Story

TCF Capital Funding provided $7 million in secured financing in connection with an investment by Corridor Capital to support the expansion of Connecting Point Marketing Group, Inc.’s (“Connecting Point” or the “Company”) very successful Events... Read Story

Seth Benefield is a senior vice president and marketing manager for Eastern United States and Europe at Bank of America Business Capital, part of the Wholesale Credit division at Bank of America Merrill Lynch. He is based in Atlanta, Georgia. In this... Read Story

Monroe Capital announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of ProPharma Group by private equity sponsor, Linden Capital Partners. Founded in 2001 and based in... Read Story

Medallion Financial Corp. announced that Medallion Bank, the company’s unconsolidated wholly-owned portfolio company, and Medallion Business Credit, a division of the company, closed on a sale of over $40 million in performing loans to a large super... Read Story

Bibby Financial Services, Inc. (BFS) announces it is providing a $5.5 million asset-based lending (ABL) facility to Sprout, a developer, marketer and distributor of premium organic foods. The financing will allow the company additional cash liquidity... Read Story

Monroe Capital announced it acted as syndication agent on the funding of a senior credit facility to support the acquisition of Oldenburg Group Inc.’s (“Oldenburg”) Heavy Equipment Group by private equity sponsor, J.F. Lehman & Company. Based in... Read Story

PNC Bank Canada Branch, the Canadian branch of PNC Bank, N.A., completed a CA$17.1 million financing package for Doxim Solutions ULC, a leading provider of SaaS customer engagement solutions for banks, credit unions and wealth management firms in... Read Story

Tesoro Corporation announced that the company has entered into a new senior secured revolving credit agreement with a group of banks led by JPMorgan Chase Bank. The new $2.0 billion, four-year cash flow credit facility replaces Tesoro`s previous $3.0... Read Story

MB Financial, Inc. announces the formation of a new Canadian subsidiary, MB Business Capital Canada Inc. and the hiring of Dan Flaro, Senior Vice President & Country Executive to lead its efforts in expanding the bank's middle-market asset-based... Read Story

ARC Group Worldwide, Inc., a leading global provider of advanced manufacturing and 3D printing solutions, announced the closing of a new $42.5 million senior credit agreement with Citizens Bank, N.A. Proceeds from the financing will be used to... Read Story

Pacific Mercantile Bank has extended a $5.8 million credit facility to Hyperikon to help finance the company’s continued growth.  In addition to the credit facility, Hyperikon will utilize a full suite of Pacific Mercantile Bank’s cash management... Read Story

Siena Lending Group announced Maria Palomino has joined as Senior Vice President New Business Originations -- Western Region, based out of Los Angeles. In this position, she will be focused on originating middle market transactions and new bank... Read Story

Secular challenges including the rise of e-commerce and discount retailers, declining mall traffic, and consumer spending shifts toward services and experiences have created a highly competitive retail environment that has placed some retailers at... Read Story

Siena Lending Group announces the completion of a $7 million credit facility for Armada Skis, Inc. (“Armada”) to refinance their existing senior debt and to support their working capital needs.  Headquartered in Park City, UT, Armada designs... Read Story

Landec Corporation, a leading innovator of diversified health and wellness solutions within the packaged food and biomaterial markets, completed a new syndicated credit facility with JPMorgan Chase, BMO Harris Bank, a part of Bank of Montreal... Read Story

TTM Technologies, Inc. announced that it has successfully priced $775 million of new U.S. dollar-denominated Term B Loans at an interest rate of LIBOR + 4.25%, which priced 75 basis points lower than its previous Term B Loans issued in May 2015.  In... Read Story

Santander has hired Charles J. Arrigo II as Senior Vice President in its Asset-Based Lending (ABL) group. Arrigo is based in Santander’s Miami office and is responsible for originating and managing asset-based credit facilities. ABL is a key growth... Read Story

Marquette Business Credit recently funded a $5 million credit facility to FlexManage, a portfolio company of Eureka Growth Capital.  Based out of Chicago, FlexManage is an IT consulting and service provider with branch offices across the United... Read Story

BioCryst Pharmaceuticals, Inc. has closed a $23 million senior credit facility with MidCap Financial. The facility was fully funded at closing and bears a variable interest rate based upon LIBOR, currently at 8.5%; an interest-only period through... Read Story

Tech Capital, LLC, the asset-based finance company and wholly owned subsidiary of Tech CU, announced that it has originated six asset-based lending commitments as of August 2016 for a total of $6.1 million. Tech Capital, LLC began providing... Read Story

Encina Business Credit, LLC (EBC) provided a $5 million asset-based revolving credit facility to a leading provider of animal nutritional supplements based in the southwestern U.S.  The credit facility consists of a working capital revolver secured... Read Story

Ares Commercial Finance announced that it has provided a $37.3 million asset-based credit facility to Be Green Packaging, LLC, a Thousand Oaks, California-based designer and manufacturer of sustainable, compostable and recyclable molded fiber... Read Story

TAB Bank announced the addition of DJ Krystopa to their business development team as Vice President and Business Development Officer. Krystopa will be based in Philadelphia, PA and will be responsible for sourcing new business opportunities by... Read Story

MB Business Capital recently provided a new $18 million senior credit facility to Angola, Indiana-based AAA Sales & Engineering, Inc. (“AAASE”). AAASE provides high precision production machining services that can be found in almost all modes of... Read Story

Crestmark Senior Vice President, National Sales Director Ray Morandell announced the promotion of Steve Hansen to first vice president, Western Division sales manager from regional first vice president, business development officer. Hansen, who... Read Story

Monroe Capital announced it acted as sole lead arranger and administrative agent on the funding of a $55 million unitranche credit facility to support the recapitalization of a finance technology company.  The company is a full-service provider of... Read Story

P2Binvestor (P2Bi), a leading marketplace lender for asset-based working capital, today announced the close of a $10 million credit facility with Urban Settlement Solutions, LLC (DBA Urban Lending Solutions), a company established by CEO Charles... Read Story

Heritage Global Inc., a leader in distressed and surplus corporate and financial asset valuations and transactions, announced that Marc Swirsky has been appointed to serve in a dual leadership capacity for two company divisions. Swirsky will serve as... Read Story

InterNex Capital ("InterNex"), a digital asset-based lender announced today that it has secured a funding facility up to $100 million from 400 Capital Management ("400 Capital"), a structured credit asset management firm. The facility will allow the... Read Story

Ares Commercial Finance announced that it has provided a $17.5 million credit facility to Automated HealthCare Solutions, LLC, a Miramar, FL-based multi-faceted healthcare technology provider that operates nationwide.  Automated HealthCare Solutions... Read Story

Opus Bank announced Sharmila Solanki has joined Opus as Managing Director, Healthcare Banking. Solanki, a 26-year banking veteran, is responsible for providing senior debt financing and banking solutions to hospitals, skilled nursing facilities... Read Story

Wells Fargo Capital Finance (UK) Limited continues to demonstrate its long-term commitment to the UK market by announcing that it has appointed Neil Kerridge to the role of Director, Regional Underwriting Manager. Based in the London office, Kerridge... Read Story

PNC Bank, N.A., and its affiliate, PNC Equipment Finance, LLC, completed a $90 million multifaceted financing package for James Marine, Inc., a Kentucky-based provider of marine services serving the U.S. inland waterway industry. The financing pairs... Read Story

Bibby Financial Services (BFS) announced the expansion of its executive leadership team with the addition of Todd Ferrara as Executive Vice President, Head of Change & Project Management – North America, Jeff Mitchell as Senior Vice President... Read Story

Marquette Business Credit, LLC recently funded a $14.1 million credit facility to WireTech, Inc.  Headquartered in Commerce, CA, WireTech is the premier supplier of aerospace, commercial and industrial steel wire and bars to the fastener and related... Read Story

Presidential Financial Corporation (PFC) announced that Paul Krantz has joined its team as a business development officer. In his new role, Krantz will be responsible for originating, structuring, and funding asset-based financing solutions with... Read Story

Wells Fargo Commercial Distribution Finance (CDF) announced it has signed a dealer financing program with Columbia ParCar Corp. (CPC), a premier electric vehicle manufacturer. The financing will be used to promote and grow CPC’s distribution network... Read Story

MamaMancini's Holdings, Inc., a marketer of specialty pre-prepared, frozen and refrigerated all natural food products (as defined by the United States Department of Agriculture), announced today the extension of financing agreements with two... Read Story

Ares Commercial Finance announced it has provided a $10 million asset-based credit facility to DCWV Acquisition Corporation, a Provo, UT-based company that designs, manufactures, and sells innovative, high quality products to the paper crafting... Read Story

Bridge Bank announced the hiring of Michael Bachrodt as business line manager in its Renewable Resource Group based out of San Jose. As the group's new lead, Bachrodt will be in charge of overseeing the entire Renewable Resource Group portfolio with... Read Story

MB Business Capital announced it recently provided a new $32.9 million senior credit facility to Benicia, California-based Valley Fine Foods Company, Inc.  Valley Fine Foods is a family-owned company and manufacturer and marketer of chef-inspired... Read Story

EverBank Business Capital announced the hiring of Ernie Meland, business development manager. Meland will be a generalist for all of the industries EverBank serves. Meland has over two decades of proven success in originating, structuring, and... Read Story

Bibby Financial Services released survey results that examine the who, what and why of commercial finance needs and challenges for financial decision makers in mid- to large-sized businesses. This survey is the second in an ongoing series of... Read Story

Synalloy Corporation announced the closing of a new asset based (“ABL”) credit facility with its bank, Branch Banking and Trust Company (“BB&T”), and its entrance into a purchase and sale agreement for sale-leaseback of its real estate properties in... Read Story

Performance Sports Group Ltd., a leading developer and manufacturer of high performance sports equipment and apparel, announced that it has executed amendments to its asset-backed revolving credit facility and secured term-loan credit facility that... Read Story

Bathstore, the Hertfordshire-headquartered bathroom retailer with 170 stores across the UK, has secured an asset-based lending (ABL) facility to support its growth strategy. Terms of the deal were not disclosed.The Royal Bank of Scotland (RBS)... Read Story

Opus Bank announced the expansion of its banking team in its San Francisco Region with the hires of Peter B. Hooker, a 23-year banking and finance veteran joining as Managing Director, Business Development Officer; Sheila Emami joining as Director... Read Story

Wells Fargo Capital Finance has announced the promotion of healthcare finance veteran Kevin Harbour in its Healthcare Finance Group.  Based in Santa Monica, Harbour will lead a team of business development professionals focused on providing senior... Read Story

BMO Harris Bank’s Asset Based Lending group, a leading provider of middle-market asset based finance solutions, announced it was sole lender for $20 million in senior credit facilities to Animart, LLC. Animart, LLC, a Goldner Hawn Johnson & Morrison... Read Story

Siena Lending Group announced the completion of a three-year $4.5 million asset based revolving credit facility for Amstek Metal LLC to refinance their existing senior debt and to provide additional working capital for the business. Located in Joliet... Read Story

BMO Harris Bank’s Asset Based Lending group, a leading provider of middle market asset based finance solutions, announced it was administrative agent for $27.5 million in senior credit facilities to True Temper. True Temper is the leading designer... Read Story

TCF Capital Funding announced that it provided $15 million in secured financing to support Mangrove Equity Partners in their acquisition of Dixie Diamond-Concut Group.  Dixie Diamond Manufacturing of Lilburn, GA and Concut, Inc. of Kent, WA have... Read Story

BMO Harris Bank’s Asset Based Lending group, a leading provider of middle-market asset based finance solutions, announced it was Sole Lender for $60 million in senior credit facilities to Riddell Sports Group, Inc. Riddell is a premier designer and... Read Story

RedRidge Finance named Matthew J. Zeratsky as an Associate Director in the group's transaction advisory team, RedRidge Due Diligence Services. Zeratsky has over 15 years of experience in financial services in a variety of capacities, including: asset... Read Story

Key Energy Services, Inc. and certain of its subsidiaries (the "Company") have entered into a plan support agreement ("PSA") with Platinum Equity and certain other holders of its 6.75% Senior Notes due 2021 ("Senior Notes"), collectively holding more... Read Story

Crestmark Bank announced the promotions of five individuals. At the corporate headquarters in Troy: Teri Haynes, Douglas Kollman and Eric Ball in operations; and Colin Madole in the Joint Ventures Group. In the West Division’s Los Angeles, California... Read Story

Xylitol Canada Inc. announced its subsidiary, Xylitol USA, Inc. has entered into an asset-based lending arrangement with Bibby Financial Services Inc.Xylitol USA has entered into a two year combined $2.5MM asset-based credit facility arrangement... Read Story

PNC Bank, N.A. announced the closing of two credit packages totally $79.5 million for Rental Equipment Investment Company LLC (REIC), an equipment rental company based in Miami, Florida; and Total Plastics, Inc. (TPI), a leading distributor and... Read Story

Sterling National Bank announced today that Terry O'Grady has joined as Managing Director. He will be leading the sales effort for the Asset Based Lending Group in the Midwest Region, providing asset-based and commercial loans to middle market... Read Story

MB Business Capital announced it recently provided an $8 million senior credit facility to Active Fashion Group (“AFG”), a Colorado based company. AFG, founded in 1998 as a wholesale manufacturer and distributor, designs and distributes innovative... Read Story

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... Read Story

Sterling National Bank, the principal subsidiary of Sterling Bancorp, announced Stephen Altneu has joined the organization as Managing Director of its asset-based lending business. In his new role, Altneu will be responsible for overseeing... Read Story

MidCap Business Credit announced it has completed a $5 million asset-based line of credit to RAE Energy, Inc., headquartered in Houston, TX. RAE Energy is an oilfield service provider that offers pipe welding, automatic ultrasound testing, and... Read Story

MB Business Capital has opened a new office in Vancouver, Washington and announced that Kevin Schrader has joined its middle-market asset-based lending team as senior vice president. Scharder will source asset-based lending opportunities for MB... Read Story

The Bon-Ton Stores, Inc. announced that it has successfully completed the closing of a new $150 million ABL Term Loan that matures in March 2021. According to an 8-K filing with the SEC, Bank of America served as adminstrative agent on the loan. The... Read Story

Presidential Financial Corporation (PFC) announced Jason Hanes has joined its team as a business development officer.  In his new role, Hanes will be responsible for originating, structuring, and funding asset-based financing solutions with... Read Story

Opus Bank announced Michael Kinnick has joined Opus as Managing Director, Healthcare Banking. Kinnick, an 11-year banking and finance veteran, is responsible for providing senior debt financing and banking solutions to hospitals, skilled nursing... Read Story

Stonebriar Commercial Finance ("Stonebriar") announce that Ben Steller has joined the company as Vice President, Asset Manager. Steller will be based in Plano, TX and report to Kevin Sensenbrenner, Senior Vice President and Senior Managing Director... Read Story

Investors Bank Asset Based Lending (ABL) Group recently arranged a $5 million revolving line of credit for the Plus Funding Group. Based in White Plains, New York, the Plus Funding Group, which serves small to medium-sized firms by providing... Read Story

Renasant Business Credit announced the closing of a $5 million asset-based revolving line of credit for a Southeastern-based company engaged in the production of a broad range of high-performance biopolymer products for various industries including... Read Story

Monroe Capital LLC announced an increase in the credit facility to Cal Net Technology Group (“Cal Net”) to support the acquisition of inhouseIT, Inc. (“inhouseIT”). Cal Net is a portfolio company of Boathouse Capital and Olympic Valley Capital.Cal... Read Story

PNC Bank, N.A., announced the appointment of William Brown, senior vice president, with the senior secured lending team in the Mid-Atlantic region.  Based in Baltimore, Brown will be responsible for business development with private equity firms and... Read Story

Wells Fargo Capital Finance announced that Joe Wells has joined the Loan Originations team, led by Jim Marasco, as a business development officer for the Midwest region. Wells will be working with customers to deliver flexible and customizable senior... Read Story

Gibraltar Business Capital recently closed on a $4.5 million asset-based line of credit for a distributor of fishing supplies. Based in Campbellsport, WI, HT Enterprises is a niche company that sells everything from fishing tackle, rods and reels to... Read Story

MB Business Capital recently provided a new $7.65 million senior credit facility to St. Louis, Missouri based Global Granite & Marble, LLC. Global Granite & Marble is an importer and wholesale supplier of premium quality natural stone and Caesarstone... Read Story

Republic Business Credit announced it has hired William Kemp as VP, Business Development. This appointment builds in the company's strong Midwestern presence as it continues to expand its new business team to provide cash flow solutions throughout... Read Story

Aptevo Therapeutics Inc, a biotechnology company focused on developing novel oncology and hematology therapeutics, announced today that it has closed on a $35 million term loan agreement previously announced on August 1, 2016.“The $35 million term... Read Story

Wells Fargo Capital Finance announced that Daniel Pfeiffer has joined the Supply Chain Finance team as managing director of the sales team. In this role, Pfeiffer will lead and manage the Supply Chain Finance sales team for the Supplier Finance and... Read Story

Wells Fargo Capital Finance announced that Dana Carl Knowlton has joined the Middle Market Originations team in New York as a business development officer. In his new role, Knowlton is primarily responsible for sourcing and structuring flexible asset... Read Story

Bridge Bank announced the hiring of Victor Le as vice president, relationship manager in its Southern California-based Technology Banking group. Victor will be responsible for providing venture debt, growth capital, and asset-based and recurring... Read Story

Green Cloud Technologies, a channel only cloud technology solutions provider, announced the closing of $7.5mm of new financing. The package consists of a $5 million senior line of credit with Bridge Bank and $2.5mm of additional equity and sub debt... Read Story

Quanex Building Products Corporation announced that it has entered into new senior secured credit facilities (the "New Senior Credit Facilities") due 2021 totaling $450 million, comprised of a $300 million revolving credit facility and a $150 million... Read Story

White Oak Global Advisors has recently provided senior financing on nine transactions: A $31.9 million senior secured term loan to a print management company.  The proceeds were used to acquire a regional firm as part of the Company’s roll up... Read Story

Texas Capital Bank announced Chris Capriotti, Jeff Tompkins and Olivia Pipitone have joined the bank, and will be responsible for expanding its Asset Based Lending (ABL) practice. Capriotti will lead the group and he succeeds Ed Franco who retired... Read Story

BMO Harris Bank’s Asset Based Lending group, a leading provider of middle-market asset-based finance solutions, announced it was Joint Lead Arranger, Joint Bookrunner and Co-Syndication Agent for $125 million in senior credit facilities to Springs... Read Story

Global Brass and Copper Holdings, Inc. announced, that on July 18, 2016, it refinanced its debt structure by retiring its senior secured notes and entering into new asset-based revolving credit and long term debt (the “Term Loan B Credit Agreement”)... Read Story

Bibby Financial Services (BFS) announced the provision of a $2 million accounts receivable and inventory facility to a California-based fruit snack business. The snack producer owns its supply chain from start to finish and is highly regarded for its... Read Story

TD Bank has named J. Eric Hartman as Managing Director, Originations in Asset Based Lending. Based in West Palm Beach, he will lead the delivery of TD Bank's asset-based products and services, including revolving credit facilities and term loans as... Read Story

Triumph Healthcare Finance, a division of TBK Bank, SSB , announced the hiring of Mark Locher as vice president of business development. In his role, Locher will expand Triumph’s presence into California where they see an increasing demand from the... Read Story

Citi Commercial Bank announced that last week the company hired Scott S. Ward, a Senior Business Development Officer, who has joined Citi Commercial Bank’s Asset Based Finance (ABF) team located in Los Angeles, CA.   Ward, a 32-year Corporate Banking... Read Story

Wells Fargo Capital Finance announced that Jeff Kaye has joined the West Region Loan Originations team, led by Jim Marasco, as a business development officer. Kaye will be working with customers to deliver flexible and customizable senior secured... Read Story

Siena Lending Group announced the completion of a three-year $6.5 million asset-based revolving and term loan credit facility for Midwest Industrial Metals Corporation (“MIMC”) to refinance their existing senior debt and to provide additional working... Read Story

Bibby Financial Services Canada (BFS) announced a combined $12.5 million asset-based lending facility to a group of four companies within one of the country’s largest providers of technology and healthcare benefits. These companies, which offer... Read Story

MB Business Capital announced that James Ogonosky has joined its middle-market asset based lending team as senior vice president in MB’s new Houston, Texas office. In this role, he will source lending and commercial banking opportunities for MB... Read Story

Austin Financial announced two new hires in portfolio management and operations: Karla Gorgij and Eric Richardson. Gorgij joins Austin Financial Services as Vice President, Relationship Manager in Loan Portfolio. Based in Los Angeles, Gorgij will be... Read Story

Renasant Bank announced the promotion of David Ellington to Assistant Vice President with Renasant Business Credit. Ellington joined Renasant as an asset-based lending Analyst in 2014. He has been involved in a wide variety of roles within Renasant... Read Story

Bibby Financial Services (BFS) announced the appointment of Ian Watson as Chief Executive Officer of its North America business. Watson joins the North America team after previously serving for more than six years as the CEO of Asia Pacfic. During... Read Story

Vertical Communications announced it has closed a $21.5 million financing package comprised of an asset-based facility and senior term facility provided by PNC Bank and Trinity Capital. Vertical will use the proceeds to strengthen its balance sheet... Read Story

Signature Bank announced that several new professionals joined both the Bank’s specialty equipment finance subsidiary, Signature Financial LLC, as well as its asset-based lending (ABL) group.On the asset-based lending side, three professionals were... Read Story

Billabong International Limited has entered into a new U.S.$100 million asset-based credit facility with Bank of America Merrill Lynch. The Bank of America asset-based lending agreement replaces the GE Capital facility that was entered into in... Read Story

Siena Lending Group announced the completion of a three-year $7.5 million asset-based revolving and term loan credit facility for American Bare Conductor Inc (“ABC”) to refinance their existing senior debt and to provide additional working capital... Read Story

TAB Bank announced it has provided a $6.5 million asset-based revolving credit facility for a metal processing company located in Arizona.  The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working... Read Story

PNC Bank, N.A., announced the addition of Daniel deBrauwere, senior vice president with the senior secured financing team in the Western region and market manager for Southern California. Based in Pasadena, CA, deBrauwere will lead the team... Read Story

MidCap Business Credit announced it has completed a $3 million asset-based credit facility to Technology Container Corporation in Desoto, TS, a manufacturer of corrugated plastic boxes. The asset-based credit facility is comprised of a revolving line... Read Story

New Enterprise Stone & Lime Co., Inc.  entered into a new $450 million secured term loan facility (“New Term Loan”) with a group of private lenders. The New Term Loan will be used to repay in full its existing 13% Secured Notes and $70 million term... Read Story

TCF Capital Funding, a division of TCF National Bank which is a subsidiary of TCF Financial Corporation, announced that it provided financing to support Gemini Investors and Plenary Partners in their investment in Always Best Care.Headquartered in... Read Story

Citizens Bank announced Brent Hazzard has been named Head of Structured Finance at Citizens Commercial Banking.Hazzard joins Citizens from GE Capital where he had served as a leader in both GE’s Restructuring and Distressed Debt businesses.... Read Story

Monroe Capital LLC announced the closing of a $305 million term debt securitization known as Monroe Capital MML CLO 2016-1, Ltd. The term financing was Monroe’s third CLO completed in the last two years, is secured by middle-market senior secured... Read Story

TESSCO Technologies entered into a credit agreement that provides for a senior asset-based revolving credit facility of up to $35 million. The facility matures in five years, on June 24, 2021 and includes a $5.0 million sublimit for the issuance of... Read Story

Monroe Capital LLC announced Steve Hinrichs has joined the firm as Managing Director in its Los Angeles office. Hinrichs will serve as the firm’s Group Head for the Southern California region.“We are very excited to add Steve to the Monroe Capital... Read Story

Citizens Bank announced that Citizens Commercial Banking is leading a $450 million asset-based revolving credit facility for YRC Worldwide Inc., one of the largest transportation providers in the world offering less-than-truckload (LTL) freight... Read Story

hhgregg, Inc. (hhgregg or the Company) announced that it has amended its existing revolving credit facility, providing the company with increased financial flexibility. According to an 8-K filing with the SEC, Wells Fargo serves as administrative and... Read Story

BMO Harris Bank announced the launch of its new commercial banking office in Dallas. The office provides BMO Harris customers in Texas with expanded and dedicated resources, with an initial focus on Diversified Industries, Asset-Based Lending and... Read Story

WNB Specialty Finance announced the addition of William Bogatay as Southwest Regional Manager who will be responsible for all new business in Texas and the contiguous states. Bogatay will assist in expanding WNB’s North American presence by... Read Story

TAB Bank announced the addition of Todd Plumley to its executive management team as Chief Credit Officer.  Plumley will be based out of TAB Bank’s corporate headquarters in Ogden, UT and will oversee all personnel, operations, and functions as it... Read Story

Guaranty Federal Bancshares, Inc. announced that its subsidiary, Guaranty Bank, hired H. Charles “Charley” Puls to serve as Executive Vice President, Chief Lending Officer.  As a member of the bank’s executive management team, Puls’ primary... Read Story

People’s United Bank announced that former GE executives Patrick Lee and Tom Noto have joined the People's United Business Capital (PUBCAP) team in the New York Metro area.  Lee joins PUBCAP’s Asset Based Lending Business Development team as a Senior... Read Story

TCF Capital Funding (TCFCF) provided $14.5 million in secured financing to support Wincove Private Holdings, LP in its recapitalization of Hygrade Components (“Hygrade Components” or the “Company”).  Headquartered in Bethlehem, PA, Hygrade is a... Read Story

Cross Country Healthcare, Inc. has completed a new $140 million credit agreement with a lender group led by SunTrust Bank, as administrative agent and issuing bank. The credit agreement provides a $40 million term loan and a revolving credit facility... Read Story

MB Business Capital recently provided an $8 million senior credit facility to Plano, Texas based WM Coffman Resources, LLC (“Coffman”). Coffman is the market leader in the residential stair parts industry within the United States. They are a one-stop... Read Story

InMotion Global, Inc. announced that it has integrated Triumph Business Capital’s full offering of load funding services within AscendTMS, a leading cloud-based transportation management system (TMS) for trucking companies, freight brokers, third... Read Story

Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a $55 million term loan and asset based revolver to support the continued growth strategy of The Mitchell Gold Co. d/b/a Mitchell Gold + Bob... Read Story

Cross River Bank announced the appointment of Arlen Gelbard to EVP, General Counsel; and Geoffrey Kott to SVP, Head of Capital Markets and Corporate Strategy. Gelbard and Kott will report to Cross River Bank, CEO Gilles Gade.   “I am thrilled to... Read Story

TCF Capital Funding, a division of TCF National Bank, announced that it provided $12.75 million in secured financing to support Wincove Private Holdings, LP in its acquisition of Bluff Manufacturing (“Bluff” or the “Company”). Wincove partnered with... Read Story

TAB Bank announced the addition of Amelia Dipprey to their trucking business development team as Vice President and Business Development Officer.  Dipprey will be responsible for sourcing new business opportunities by providing asset-based and... Read Story

In a company press release, Gibraltar Capital Holdings announced that Gibraltar Business Capital (GBC), the company's asset-based lending company, can now lead facilities of up to $10 million.  Its small business capital company, Gibraltar Capital... Read Story

EverBank announced several new senior management appointments and strategic organizational changes for its Commercial Division, serving small and mid-size companies across the country.“Over the past several years, EverBank has acquired or started a... Read Story

Crestmark secured a total of $4.635 million in financial solutions for 11 new clients in the first half of June. They are: A $350,000 accounts receivable purchase facility was provided on June 2 to a trucking company in Florida. The financing will... Read Story

Crestmark welcomes Scott M. Keusch, vice president, senior account executive for the East Division. Keusch, who joins Crestmark with more than 15 years in finance and banking, including experience in asset-based lending and factoring, is based at the... Read Story

Kindred Healthcare, Inc. announced that it has closed its previously announced incremental $200 million term loan, the net proceeds of which were used to repay outstanding borrowings under the Company’s $900 million senior secured asset-based... Read Story

Monroe Capital announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility (including an undrawn revolving credit facility) to support the acquisition of Ashley Stewart, Inc. by its senior management... Read Story

Wells Fargo Capital Finance announced Christian Conroy, Director of Loan Originations for Wells Fargo Capital Finance, is one of the winners of The M&A Advisor’s 40 Under 40 Emerging Leaders Awards.The M&A Advisor, renowned globally for its... Read Story

Crestline Investors, Inc., a credit focused institutional alternative asset manager, today announced an additional closing of its Crestline Opportunity Fund III strategy, bringing capital in the strategy to $720 million. The strategy invests... Read Story

Kindred Healthcare, Inc. announced it has completed syndication and pricing of an incremental $200 million term loan, the proceeds of which will be used to repay outstanding borrowings under the Company’s existing $900 million senior secured... Read Story

Bank of America Business Capital recently closed a $50 million revolving credit facility to Twin-Star International, Inc.  Proceeds from the loan were used to help finance the acquisition of the company by private equity sponsor, Z Capital Partners... Read Story

John D. Santos has been hired by North Mill Capital as a senior vice president and business development officer in Princeton, NJ. Santos will be responsible for business development throughout the tristate area.Santos has more than ten years of... Read Story

Bibby Financial Services (BFS) announces that it is providing a $7 million factoring facility to a family-owned provider of professional security and loss prevention services. The company outgrew their prior financing factoring partner and BFS was... Read Story

Marquette Business Credit announced the addition of Justin Lenhert to its growing business development team as the company expands its presence to Kansas City, MO. Lenhert joins the company as an AVP, Business Development Officer and will work out of... Read Story

TCF Capital Funding, a division of TCF National Bank which is a subsidiary of TCF Financial Corporation, announced that it has promoted Nicholas O’Brien and Robert Joyce to Officer and that it has hired Andrew Hendricks as Senior Associate.O’Brien... Read Story

Loeb announced the addition of Joseph Upson to the team as the Southeast Region Business Development Officer. He joins the rest of the Loeb team in focusing on expanding the company's equipment-based lending portfolio, appraisal services, off-lease... Read Story

Wells Fargo Capital Finance announced that their Government Services group has expanded with the addition of two new positions. Greg Wheeless has been named Regional Manager and will lead the team and Linh Phu has been named Business Development... Read Story

The Chefs’ Warehouse, Inc.,  a premier distributor of specialty food products in the United States, announced commenced a refinancing process with the marketing of a new $280 million term loan facility and a $50 million delayed term loan facility... Read Story

Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to the Class A Notes and the Class B Notes (together, the “Notes”) issued by Oxford Finance Funding 2016-1 LLC. Oxford Finance LLC is the originator and servicer of the Oxford Finance... Read Story

First Financial Bank, a Cincinnati-based community bank that got its start in 1863, announced the hiring of Brooke Balcom to its specialty banking leadership team. Balcom was recently named the Director of First Financial Business Capital, a division... Read Story

MB Business Capital recently provided a new $5.7 million  senior credit facility to Sparks, Nevada based Via, Inc. Via is a designer and manufacturer of branded, ergonomically advanced office chairs. The company was founded in 1987 with a focus on... Read Story

Monroe Capital LLC acted as co-syndication agent on the funding of a senior credit facility to support Argyle Executive Forum LLC’s (“Argyle”) acquisition of Innovation Enterprise. Argyle is an existing portfolio company of the Wicks Group.Based in... Read Story

Wells Fargo Capital Finance announced that its Healthcare Finance group  acted as left lead arranger, lead bookrunner and administrative agent on $125 million in senior secured credit facilities for Springstone, LLC, which included a $21 million... Read Story

PNC Bank announced the addition of Blake Kenny, senior vice president with the senior secured financing team in the Midwest. Based in Troy, MI, Kenny will be responsible for business development and loan origination sourced from middle-market... Read Story

Bibby Financial Services (BFS) announces the addition of Mohammad Rasian as Senior Vice President of Underwriting. A 35-year industry veteran, Rasian will support underwriting efforts as the company accelerates its North America growth... Read Story

Wells Fargo Capital Finance announced Eric Baymiller will lead Direct Loan Originations for the Western U.S.  The Loan Originations Group, led by Jim Marasco, delivers flexible and customizable asset-based financing structures to a wide range of... Read Story

Crestmark welcomes Carrie Jenkins, vice president, business development officer, for the West Division. Jenkins joins Crestmark’s growing team in Los Angeles, and will be responsible for providing financial solutions to business clients in the busy... Read Story

Marquette Business Credit recently funded a credit facility to Load Delivered Logistics, LLC.  Based in Chicago, IL, Load Delivered Logistics is a third party logistics provider with unmatched service, next level technology and a national reaching... Read Story

Fora Financial, a provider of flexible working capital solutions to small businesses, announced the closing of a $52.5 million senior revolving credit facility. A group of four financial institutions will participate in the new facility, with AloStar... Read Story

Encina Business Credit, LLC (EBC) announced Thomas Sullivan and Sean Sheehan have joined the company as Chief Credit Officer and Managing Director, respectively. Based in the company’s Chicago headquarters, Mr. Sullivan will be responsible for... Read Story

MB Business Capital recently provided a new multi-million dollar senior credit facility to Chico, California based Klean Kanteen, Inc.  Founded in 2004, the family-owned and operated company designs and markets reusable stainless steel water bottles... Read Story

Monroe Capital announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of Southern Air & Heat by private equity sponsor, MSouth Equity Partners.Based in the Southeast... Read Story

PNC Bank, N.A., announced the closing of a $200 million asset-based revolving credit facility for Concordance Healthcare Solutions, a leading healthcare distributor based in Tiffin, OH. PNC Capital Markets LLC acted as joint lead arranger on the... Read Story

TCF Capital Funding, a division of TCF National Bank, announced the hiring of Andrew Barnes as Vice President. “We are very excited to have Andrew join our team,” said Joe Gaffigan, TCF Capital Funding’s President. Andrew brings an extensive lending... Read Story

Marquette Business Credit recently funded a $16.5 million credit facility to a hardwood lumber and flooring manufacturer.The secured facility consists of a $15.0 million revolving line of credit plus an additional $1.5 million equipment term loan. ... Read Story

Liquid Capital Corp., a Canadian-founded trade finance and asset-based lending company, announced that it has entered into a purchase and sale agreement where it has acquired the assets and associated goodwill of TCE Capital Corporation, a boutique... Read Story

ANI Pharmaceuticals, Inc. announced that it has entered a new three-year senior secured asset-based revolving credit facility for up to $30 million. This facility will be secured by inventory and certain other working capital and related assets of... Read Story

The PrivateBank announced Loren Willet and Lisa Adams have joined the company as managing directors and relationship managers, delivering asset-based lending solutions to its commercial middle-market clients. Willet, who is based in Dallas and will... Read Story

Wells Fargo Capital Finance (UK) Limited has demonstrated its continued long term commitment to the North of England  by announcing today that  it has appointed Tom Weedall to the role of director, Loan Originations. Based in their Manchester office... Read Story

Nortek, Inc, a global diversified industrial company with leading brands and innovative air management and technology-driven solutions for residential and commercial applications, has successfully completed amendments to its asset-based revolving... Read Story

Siena Lending Group announced the completion of a three-year $7.0 million senior secured credit facility to New Dalton Corporation. The facility will be used to finance Speyside Equity’s (majority owner) and Beckner Clevy Partners stock acquisition... Read Story

Marquette Business Credit announced the firm has provided Nova Products, Inc. with a $6 million revolving line of credit for working capital.  The company imports and distributes exotic prefinished and unfinished hardwood flooring, exterior decking... Read Story

Crystal Financial announced it nderwrote a $20 million term loan for Intersections Inc. Founded in 1986 and headquartered in Chantilly, VA, Intersections is a leading provider of consumer identity protection and monitoring services.  In addition, the... Read Story

Czech Asset Management, L.P. ("Czech") announced the final close of its third direct lending fund complex ("SJC III") with total commitments in excess of $1.7 billion, exceeding its $1.5 billion target. All of the capital raised in SJC III came from... Read Story

Trade Finance Solutions Inc., a provider of global trade financing solutions, announced the appointment of Tony C. Howard as chief credit officer. Howard will direct the company’s credit professionals and assume responsibility for the portfolio and... Read Story

Austin Financial Services, Inc. recently funded a $5.25 million asset-based loan credit facility comprised of an A/R and inventory revolver with a $1 million equipment term loan. The company is a private label food manufacturer, wholesaler and... Read Story

Marlin Business Services Corp. announced that its Board of Directors has appointed commercial lending and equipment leasing industry veteran Jeffrey A. Hilzinger as Chief Executive Officer, effective June 1, 2016."Jeff is a proven leader with over 35... Read Story

Presidential Financial announced Dennis Schlesner as its new president. Schlesner joined Presidential Financial on May 5 at its corporate office in Atlanta, Georgia. Presidential has been led by Tom Matthesen, who will remain on the Presidential... Read Story

WNB Specialty Finance announced the addition of Michael Goletz as Senior Vice President, Business Development Officer. Goletz will assist in expanding WNB’s North American presence by originating senior secured debt facilities for companies in the... Read Story

Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior secured credit facility to support the refinancing of Solterra Recycling Solutions, a portfolio company of Roark Capital.Based in Ewing... Read Story

Opus Bank announced that Michael L. Allison was elected to Opus’ Board of Directors at the Bank’s 2016 Annual Meeting of Shareholders held on Thursday, April 28, 2016. Allison joined Opus in August of 2011 and serves as Co-President and President of... Read Story

99 Cents Only Stores LLC's (99 Cents Only) near-term liquidity should remain adequate in fiscal 2017 (January) given significantly reduced inventory, further lowering of capex and Fitch Ratings' expectation that the company's gross margin will expand... Read Story

Bibby Financial Services announced the provision of a $3 million revolving line of credit with a $150,000 real estate term loan to Chef’s Requested Foods, Inc., an Oklahoma City-based processor of quality-grade steaks and meats. Chef’s Requested... Read Story

GMA Funding LLC, a global leader in factoring and alternative commercial finance, announced that the board of directors have selected James Rothman as Chief Executive Officer of GMA Factor and its operating units GMA USA and  CoreFund Capital.... Read Story

Siena Lending Group announced the completion of a $15 million credit facility for Rotorcraft Leasing Company, LLC to refinance their existing senior debt and to support their working capital needs. Rotorcraft is an investment of Bain Capital Credit... Read Story

Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior term loan to support the acquisition of Twin-Star International, Inc. (“Twin-Star”) by private equity sponsor, Z Capital Partners... Read Story

Crestmark welcomes Scott Shapiro, regional first vice president, business development officer, for the West Division. Shapiro, who is based in Crestmark’s Los Angeles office, reports to Ray Morandell, senior vice president, national sales manager.... Read Story

Bibby Financial Services Canada announces the appointment of Dan Millar to Vice President Portfolio Manager. Millar’s responsibilities will include delivering growth in large ticket factoring and asset-based lending through growing the company’s... Read Story

FirstMerit Bank Business Credit announced it has closed two recent transactions. They are: Wisconsin Plastics, Inc. FirstMerit Bank Business Credit closed a new $7.5 revolving loan facility and term loan facility to Wisconsin Plastics, Inc. on... Read Story

Gross & Janes Co. (G&J) has completed a recapitalization, including an asset-based revolving credit facility from Siena Lending Group LLC and a term loan provided by CapX Partners.  FocalPoint acted as exclusive financial advisor to G&J.Headquartered... Read Story

TCI Business Capital announced that Tony Dobek has joined the company as senior vice president of business development. In his role, Dobek is responsible for developing referral relationships with finance partners serving clients that could benefit... Read Story

Renasant Bank announced the addition of Blake Voyles to the Renasant Business Credit team. Voyles joins Renasant as an asset-based lending account executive. He will have broad responsibility for collateral management and credit underwriting of new... Read Story

Amerisource announced the closing and funding of a $850,000 asset-based revolver for a sports equipment designer and distributor in California.  The company was introduced to Amerisource by a commercial banker, as the company’s investors would not... Read Story

Wells Fargo Capital Finance (UK) Limited, part of Wells Fargo & Company, announced that it acted as sole agent on a £34 million refinance to assist in the continued growth of Brandon Hire Limited.Brandon Hire Limited, a Rutland Partners LLP portfolio... Read Story

MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new senior credit facility to Richmond, California-based Richmond Wholesale Meat. Richmond is one of the nation’s largest distributors of frozen, chilled and... Read Story

Santander Bank announced that it served as left-lead agent in a $115 million senior-secured revolving line of credit facility to The Fishin’ Company, Inc., based in Pittsburgh, PA. The Company will use the financing to support its large and growing... Read Story

Crestmark President and Chief Operating Officer Mick Goik announced the promotion of Susan Hickey to first vice president, assistant portfolio manager for the company’s Eastern Division. Hickey, who has been with Crestmark since its beginning, is... Read Story

99 Cents Only Stores LLC announced it has successfully completed an amendment and extension of its asset-based revolving credit facility.  Under the amendment, the ABL facility provides commitments of up to $160 million and extends the maturity date... Read Story

MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new $15 million senior credit facility to San Francisco, CA-based Green Creative, LLC. Green Creative is a solid state lighting development and manufacturing... Read Story

Triumph Business Capital, member of the Triumph Bancorp, Inc. group and provider of invoice factoring solutions to small- and medium-sized businesses, announced the addition of Carol Apicella as Vice President, Business Development Officer. She will... Read Story

Crestmark secured a total of $7.485 million in financial solutions for nine new clients in the second half of March. The transactions include: A $2.425 million SBA 7(a) term loan facility was provided on March 16 to an independent insurance agency... Read Story

Encina Business Credit, LLC (EBC) announced Bill Kearney has joined the company as Senior Managing Director to lead its expansion into retail finance on a national basis. Kearney will be targeting retailers across a wide range of market segments that... Read Story

Concord Financial Advisors announced it has secured an $8.2 million senior secured asset-based lending facility and a $1.1 second lien loan for a private equity sponsored manufacturer of component and user interface components. The manufacturer is... Read Story

Rosenthal & Rosenthal, Inc., a leading private commercial finance company specializing in factoring and asset-based lending, announced the appointment of Robert Schnitzer as Senior Vice President. In his role, Schnitzer will be responsible for... Read Story

ArcelorMittal announced its subsidiary ArcelorMittal USA intends to enter into a new, five-year senior secured asset-based revolving credit facility of up to $1 billion, which is expected to close in the second quarter of 2016. This facility will be... Read Story

NewStar Financial Inc. announced the sale of its asset-based lending subsidiary, NewStar Business Credit LLC (“NSBC”),  to Sterling National Bank, a wholly owned subsidiary of Sterling Bancorp for approximately $112 million in cash, net of debt... Read Story

Promise Healthcare Group, LLC, a national specialty hospital company specializing in the treatment of critically ill patients, under the operating banners of Promise Healthcare, Inc. and Success Healthcare, LLC announces today that it has signed a... Read Story

Heritage Commerce Corp announced Jeffrey Javier has joined the Bank as Senior Vice President in charge of business development for the Corporate Finance Division."We are pleased to announce that Jeffrey Javier has joined our growing Corporate Finance... Read Story

SSG Capital Advisors acted as the exclusive investment banker to ITG Communications, LLC ("ITG" or the "Company") in the placement of a financing package which enabled ITG to refinance existing indebtedness and generate additional liquidity for... Read Story

Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on a $42.5 million senior credit facility to support the acquisition and future growth initiatives of Alloy Wheel Repair Specialists, Inc. (“Alloy”) by private... Read Story

PNC Bank, N.A. announced the addition of three experienced bankers to the senior secured financing team: Eugene Leary, senior vice president; James Clifton, senior vice president; and Nathan Love, vice president. All will be responsible for business... Read Story

Crystal Financial LLC, an independent commercial finance company, announced the closing of a $17 million term loan for Numerex Corp.  Headquartered in Atlanta, Numerex is a leading provider of managed enterprise solutions enabling the Internet of... Read Story

MidCap Business Credit announced it has completed a $4 million asset-based credit facility to a company that manufactures and services casting equipment to a New England based company. The opportunity was sourced and closed out of MidCap’s... Read Story

Blue Hills Bank has hired bankers A. Keith Broyles and Yvonne Kizner to lead its new Asset-Based Lending initiative. Formerly senior vice president and first vice president, respectively, at First Niagara Commercial Finance, Broyles and Kizner join... Read Story

TCF Capital Funding, a division of TCF National Bank which is a subsidiary of TCF Financial Corporation, announced that it provided $11 million in secured financing to support Argosy Private Equity acquiring a controlling ownership interest in... Read Story

Monroe Capital announced that it has established a new business vertical, Specialty Finance Lending. Aaron Peck, Lee Stern and Kyle Asher will lead the origination efforts, based out of the firm’s Chicago and New York offices. “We are excited to... Read Story

Intersections Inc. announced that it successfully completed a $20 million term loan financing with Crystal Financial LLC (“Crystal”). Additionally, the company noted that during the fourth quarter of 2015, it closed a private placement of 3.0 million... Read Story

Marquette announced the addition of Thomas O’Hare to its Business Development team.  He joins Marquette as a Senior Vice President, Business Development Officer and will work out of Marquette’s Chicago office covering the Midwest. With the company’s... Read Story

Tech CU (Technology Credit Union) announced that the credit union has funded its largest Small Business Administration (SBA) 504 loan to date. At $22.4 million dollars, the loan provided financing to assist a commercial tenant's purchase of a 112,000... Read Story

Crestmark Bank recently announced the promotions of ten individuals at its corporate offices in Troy: Timothy Pavkovich in credit; Anthony Filice, Bill Nowak and Joel Russell in IT; Colin Madole in the Joint Ventures Group; Stephen Clayton in... Read Story

TCF Capital Funding, a division of TCF National Bank which is a subsidiary of TCF Financial Corporation, announced that it provided a senior debt facility to support Glencoe Capital in recapitalizing Clearbrook Farms.Clearbrook Farms, based out of... Read Story

CapX Partners recently promoted two team members located at the firm’s Chicago offices. Ryan Elsass, promoted to Vice President, is now focused primarily on business development multiple geographical regions. Taira Masciantonio, promoted to Associate... Read Story

MB Business Capital announced the promotion of two their veteran asset-based lending professionals, which highlights MB Business Capital’s commitment and investment in solid nationwide talent and asset development .Michael Sharkey president of MB... Read Story

Bank of the West announced that Kalee Chrissanthos has joined the Bank's Commercial Banking Group as the Asset-Based Lending (ABL) team's managing director and business development officer. In this role, Chrissanthos will be responsible for... Read Story

Gerber Finance announced it recently funded a $7 million line of credit to Advesive Technologies, a manufacturer of glue guns and glue gun products for the crafts and creative industries. "The choice of Gerber Finance was one of my easier... Read Story

Avidbank Holdings, Inc., parent company of Avidbank, announced that Bob Foley has joined the Bank as Senior Vice President & Northeast Regional Manager, Corporate Finance Division. Foley brings with him over 30 years of experience in corporate... Read Story

Due to continued industry demand, Bibby Financial Services hires Sam Cirelli as Senior Vice President, Business Development, to drive new business for the company’s asset-based lending offering. Cirelli is based in the company’s New York... Read Story

Marquette Business Credit announced it recently funded a new $4 million revolving line of credit to a national branded designer, developer, and distributor of premium rugged mountain lifestyle apparel and accessories.  The secured credit facility... Read Story

TCF Capital Funding, a division of TCF National Bank which is a subsidiary of TCF Financial Corporation, announced that Kurt C. (“KC”) Beuker has joined as Senior Vice President.  Beuker is based in Chicago and is responsible for new business... Read Story

Pacific Mercantile Bank, the wholly owned subsidiary of Pacific Mercantile Bancorp (NASDAQ:PMBC), is pleased to announce the following promotions within its senior management team:Kittridge Chamberlain has been promoted to EVP & Chief Banking Officer... Read Story

Rosenthal & Rosenthal, Inc. announced that with the assistance of KCP Advisory Group, LLC it has completed new financing to Browne Trading Company, Inc. the premier supplier of fresh fish, fine caviar, shellfish, and smoked seafood to elite, Michelin... Read Story

After a competitive bid process, Robbins Inc., a premier flooring company, has selected Capital Business Credit (CBC) to provide both an asset-based revolving line of credit as well as a term loan, totaling approximately $13 million. Robbins Inc. is... Read Story

MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new $11.25 million senior credit facility to Minneapolis, Minnesota-based Bolger, LLC. Bolger provides commercial printing services, print-on demand... Read Story

North Mill Capital announced the funding of a $10 million accounts receivable and inventory credit facility for GMT Corporation. The funds were utilized for corporate restructuring, paying out the prior lender, as well as providing a line compatible... Read Story

Bank of America Business Capital has named Ira Kreft as Marketing Manager for the Central Region to manage a team of business development professionals who deliver commercial banking and asset-based lending solutions to large and middle-market... Read Story

MidCap Business Credit announced the hiring of Steve Lenihan as a Senior Vice President to its relationship management team. Lenihan has 30 years of experience in commercial banking, project finance and asset-based finance, most recently with GE... Read Story

Marquette Business Credit announced it recently funded a $4 million credit facility to a distributor and repair service provider for medical imaging devices. Marquette’s secured facility consists of a $4.0 million revolving line of credit which will... Read Story

TCF Capital Funding (TCFCF), a division of TCF National Bank which is a subsidiary of TCF Financial Corporation, announced that it increased its existing credit facilities to support  Innovative Office Products (“IOP”), a portfolio company owned by... Read Story

Marquette Business Credit, announced it recently funded a $10 million credit facility to Consolidated Casting Corp. ("CCC").   Based out of Hutchins, Texas, CCC is a certified custom manufacturer of precision investment castings while also offering... Read Story

Veritas Financial Partners annouced the appointment of Rodney Greth as Senior Vice President.  Greth will focus on structuring, underwriting and closing new financing transactions in the Northeast and nationally. He brings nearly 30 years of... Read Story

The PrivateBank has provided both debtor-in-possession financing and $20 million in senior secured exit financing to Cardiac Science Corp. Cardiac Science is a global leader in the manufacturing and marketing of automated external defibrillators... Read Story

SunOpta Inc., a leading global company focused on organic, non-genetically modified and specialty foods, entered into a new five-year credit agreement for a senior secured asset-based revolving credit facility in the maximum aggregate principal... Read Story

MB Business Capital recently provided a new $21 million senior credit facility to Memphis, Tennessee-based J.T. Shannon Lumber Company, Inc. J.T. Shannon is an integrated lumber company that controls its operating environment from timber procurement... Read Story

Triumph Healthcare Finance, a provider of asset based lending solutions for small to mid-sized healthcare companies nationwide, announced it will provide Creative Solutions in Healthcare with a $20 million asset-based working capital facility to... Read Story

TCF Capital Funding (TCFCF), a division of TCF National Bank which is a subsidiary of TCF Financial Corporation, announced it provided $7.1 million secured financing to support Mangrove Equity Partners’ investment in Dixie Diamond Manufacturing... Read Story

NewStar Business Credit, a wholly-owned subsidiary of NewStar Financial, Inc., has provided senior secured credit facilities totaling $8 million to Roscom, Inc. (“Roscom” or the “Company”).  Founded in 1972 and headquartered in Croydon, PA, Roscom... Read Story

Mattress Firm Holding Corp., the nation's largest specialty mattress retailer, today announced the completion of its acquisition of all of the outstanding equity interests in HMK Mattress Holdings LLC, the holding company of Sleepy's and related... Read Story

SUPERVALU INC.announced it has completed the repricing, amendment and extension of its existing $1.0 billion asset-based revolving credit facility, which is secured by the company’s inventory, credit card and certain other receivables and certain... Read Story

King Trade Capital announced the recent funding of a $1.75 million purchase order finance facility for a California based importer of wireless climate control devices. King Trade Capital was contacted by an asset-based lender in order to help an... Read Story

TAB Bank announced it has appointed Curt Queyrouze as president.  Most recently, Queyrouze served as TAB’s Chief Credit Officer for the past two years.  He will be based out of TAB Bank’s corporate headquarters in Ogden, UT and will oversee all... Read Story

Super G Funding announced it has closed a  $1.1 million second lien loan to complement a credit facility provided on Marquette Business Credit to a niche manufacturer. The company is a sponsor-backed company which engineers, manufactures, and sources... Read Story

Gordon Brothers Finance Company (GBFC), a specialty-lending business to middle market companies, announced today that Eugene "Gene" Martin has been appointed President & Chief Executive Officer.Martin is a senior, global capital markets and credit... Read Story

White Oak Global Advisors, LLC announced that it has expanded the company’s leadership team with John H. Fitzpatrick as chairman and partner. “Having the right leadership is critical as we continue to grow. We are extremely pleased that John has... Read Story

PNC Bank, N.A., announced the following appointments to its senior secured lending teams in the Western and Midwest regions: Ankur Gupta in San Francisco and Michael Bishop in Grand Rapids, MI.Based in San Francisco, Ankur Gupta has been appointed... Read Story

Crestmark announced the addition of Cory Turner as vice president, business development officer for the Transportation Division, which is located in Greater Nashville (Franklin), Tennessee. Turner will provide financial solutions to companies in the... Read Story

NewStar Business Credit, a wholly-owned subsidiary of NewStar Financial, Inc., provided senior secured credit facilities totaling $6,000,000 to Love & Quiches, Ltd. (“L & Q” or the “Company”).  Founded in 1974 and headquartered in Freeport, NY, L & Q... Read Story

MB Business Capital announced that Timothy Carstens has joined its middle-market asset based lending team as senior vice president in MB’s new Scottsdale, Arizona office. In this role, he will provide lending and commercial banking services to MB... Read Story

Loeb announced the addition of Tim Serritella to the team as Vice President of Business Development. Serritella joins the rest of the Loeb team in focusing on expanding the company's equipment-based lending portfolio, appraisal services, and... Read Story

North Mill Capital LLC  announced Chris Lehnes, a 20+ year veteran of small business lending, has joined the firm as Senior Vice President, Business Development Officer. Lehnes has been charged with developing asset-based lending and factoring... Read Story

Heath Holdbrooks, executive vice president, and president of Crestmark’s Transportation Division, announced promotions at the division’s offices in Franklin (Greater Nashville), Tennessee. The Transportation Division specializes in financing... Read Story

White Oak Global Advisors, LLC announced that it has formed a new healthcare finance platform in partnership with Isaac Soleimani, former Chairman and CEO of Healthcare Finance Group, LLC.  Soleimani has joined White Oak as Managing Director and... Read Story

Universal Stainless & Alloy Products, Inc. has entered into a new five-year $95 million credit agreement. As with the Company’s previous credit agreement, the Company’s obligations under the new asset-based lending (ABL) credit agreement are... Read Story

Wells Fargo Capital Finance announced two new regional managers for the consumer products and retail division of its Commercial Services Group, which specializes in factoring and accounts receivables management. Brian Martin has been named regional... Read Story

Crestmark President and Chief Operating Officer Mick Goik announced promotions at the company’s corporate office in Troy, Michigan.  Goik said of the promotions, “Crestmark has a dedicated, experienced staff, and I am pleased to announce the... Read Story

Siena Lending Group announced the completion of a three-year $9 million asset-based revolving credit facility for Xenith, LLC, a portfolio company of Rock Ventures LLC. Xenith will utilize Siena’s facility to provide additional liquidity and capital... Read Story

MB Business Capital recently provided a new $10 million senior credit facility to Decatur, Alabama based Gemstone Foods, LLC. Gemstone Foods, LLC, provides a wide array of custom and specialty poultry processing services tailored to the unique... Read Story

Further establishing its reputation as a leader in asset-based lending and factoring, Bibby Financial Services brings in the New Year by announcing the hire of Feon Phillips as Analytics and Data Management Officer. This key hire reflects the... Read Story

Acorda Therapeutics, Inc. entered into an agreement to acquire Biotie Therapies Corp. for €23.5680 per ADS in cash, or the equivalent of $25.60 per ADS based on an exchange rate of 1.0864 U.S. dollars to euros, which values Biotie at approximately... Read Story

TCF Capital Funding (TCFCF), a division of TCF National Bank, announced that it provided secured financing to support the refinancing of Dubin Clark & Company portfolio company, Restoration Parts Group, Inc., and its acquisition of Auto Accessories... Read Story

MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new $22.2 million senior credit facility to Houston, Texas based T&L Distributing, LTD. T&L is one of the largest flooring distributors in the nation, with... Read Story

Crestmark Chief Executive Officer Mick Goik announced the promotions of Matt Barbuscak, Steve Gross, Larry Pearce and Jack Talkington to executive vice president. All are members of Crestmark’s executive committee, and report to Goik."Crestmark is... Read Story

Santander Bank has provided a $25 million senior-secured revolving line of credit to The Tuna Store, LLC (TTS), a subsidiary of Tri-Marine US Holdings, LLC. Proceeds from the facility will be used to support the company’s rapidly growing business in... Read Story

Veritas Financial Partners announced the appointment of Gregg Simpson as Senior Vice President. He will be based in Veritas’s new Charlotte, NC office as part of the firm’s strategic initiative to expand geographically.Simpson brings more than 35... Read Story

NewStar Business Credit, a subsidiary of NewStar Financial, Inc. announced the launch of a new unitranche loan product called SingleSource. SingleSource combines ABL and cash flow financing approaches to provide a creative and valuable “one-stop”... Read Story

BMO Harris Bank’s Asset Based Lending group, a leading provider of middle-market asset based finance solutions, announced it acted as arranger, bookrunner and administrative agent of a $50 million senior secured revolving credit facility to Flack... Read Story

Monroe Capital LLC acted as sole lead arranger and administrative agent on a $35 million senior credit facility to support the recapitalization of 101.1 More FM/WBEB by a fund affiliated with Equity Group Investments.  101.1 More FM/WBEB is a... Read Story

Siena Lending Group LLC announces the completion of a three-year $10 million credit facility for Marbles: The Brain Store (“Marbles”) to refinance their existing senior debt and to support their store growth requirements. Marbles is a portfolio... Read Story

Total committed credit lines increased slightly in the 3rd quarter of 2015 while credit line utilization dropped, according to the Commercial Finance Association (CFA), which released its latest Quarterly Asset-Based Lending (ABL) Index. This data... Read Story

MB Business Capital, the asset-based lending division of MB Financial Bank, N.A., announced the appointment of Steve Janson as Senior Vice President. He will be responsible for new business development in North Carolina, South Carolina and SE/SW... Read Story

Triumph Business Capital, member of the Triumph Bancorp, and provider of invoice factoring solutions to small- and medium-sized businesses, announced the addition of two industry veterans. Jack Louden and Nancy Kalman have been named Vice President... Read Story

Crestmark secured a total of $20.125 million in financial solutions for 12 new clients in the second half of December. The transactions are: A $200,000 accounts receivable purchase facility was provided on Dec. 18 to a startup refrigerated carrier... Read Story

Trade Finance Solutions Inc., a leading provider of global trade financing solutions, announced they have provided a $10 million asset-based lending facility to a wholesale distributor of petroleum products . The proceeds will be used for working... Read Story

Siena Lending Group announced the completion of a three year, $7.5 million senior secured revolving credit facility for I.D. Systems, Inc. (“I.D. Systems”). The facility will be used for the future working capital needs. Headquartered in Woodcliff... Read Story

Paul Hastings LLP, a leading global law firm, represented Morgan Stanley Senior Funding, Inc. and BMO Capital Markets Corp., as joint lead arrangers and bookrunners on the financing for the acquisition by ArcLight Energy Partners of Gulf Oil Limited... Read Story

Marquette Business Credit announced it has provided EBuys, Inc. (dba Shoe Metro) with a $17.5 million revolving line of credit to support its continued growth.  Founded in 2004, EBuys is a rapidly growing on-line discount retailer of brand name... Read Story

Optimism among dealers and other industry participants in the outlook for the recreational vehicle (RV) industry continued to increase from prior years, according to annual survey results released today by Commercial Distribution Finance (CDF), a... Read Story

GE Capital, Corporate Finance announced it is serving as lead arranger on a $180 million senior secured credit facility for Arbor Investments, a Chicago, IL-based food and beverage private investment firm. The financing will be used to acquire a... Read Story

Enphase Energy, Inc., a global energy technology company, announced it has signed an extended asset-based credit facility with Wells Fargo Capital Finance. This new credit facility replaces a $50 million facility with Wells Fargo Capital Finance... Read Story

TimkenSteel, a leader in customized alloy steel products and services, announced that it has completed an amendment and restatement of its revolving credit facility.Administrative Agent JPMorgan Chase Bank, Syndication Agent PNC Bank and several... Read Story

Comvest Partners, through its Comvest Capital lending platform, and Crystal Financial LLC, a provider of debt capital solutions to middle-market businesses, announced that they have acted as Co-Agents in providing a term loan to Crest Financial.... Read Story

A transportation company based in North Carolina has chosen TAB Bank for a $5 million revolving credit facility.  The facility is based on accounts receivable and will support the company’s ongoing working capital needs.  The company operates 225... Read Story

Crestmark Bank announced that Robert Harbers has been named national sales manager for its Trade Services Division. He had been business development officer for the company’s East Division since joining the company in 2004. In his new role, he... Read Story

Gibraltar Business Capital recently completed a large "accordion" structured working-capital deal for a growing healthcare company.  This highly flexible line of credit is a great example of how Gibraltar's asset based lending model works creatively... Read Story

Great American Capital Partners, LLC (GACP), a wholly owned subsidiary of B. Riley Financial, Inc, and Wells Fargo Capital Finance (WFCF), have entered into an agreement with Scrap Metal Services (SMS) to provide a $63 million senior secured credit... Read Story

Great Rock Capital Partners (Great Rock), a Connecticut-based investment management firm, announced the launch of its lending platform that will provide asset-based and asset-backed loans for middle market companies whose financing needs are not... Read Story

AloStar funded five loans totaling $53.8 million in five business days. AloStar Business Credit provided capital to a silicon wafer materials and services provider and ASC Leasing VIII, Inc. The RADCO Companies, Sunset & Woodland Properties, and... Read Story

Marquette Business Credit recently funded a $5 million rental fleet financing facility and revolving line of credit to Midwest High Reach, Inc. Midwest High Reach is a full service construction and industrial equipment rental, sales, and service... Read Story

MB Business Capital, the asset-based lending division of MB Financial Bank, N.A., announced the appointment of Susan M. Davis as Senior Vice President, Relationship Manager. Davis will be responsible for managing a portfolio of asset- based lending... Read Story

Constellium N.V. announced that its indirect wholly-owned subsidiary Wise Alloys LLC ("Wise") is exploring alternatives to refinance its existing asset-based lending facility, including engaging in discussions with both current and potential new... Read Story

GE Capital, Corporate Finance announced it is administrative agent and lender on a $125 million revolver for Shearer’s Foods, LLC, a leading manufacturer and distributor of snack products. The financing will be used for the acquisition of three... Read Story

Amerisource announced the closing and funding of a $3 million asset-based revolver for a transportation company in California servicing the retail industry. The company was introduced to Amerisource by its CPA. The company was previously financed by... Read Story

Marquette Business Credit announced that at the close of October new business commitments in 2015 jumped to $103MM, up 49% from the same time last year.  With two months still left in the year, 2015 has already proven to be the best year in MBC’s 11... Read Story

BMO Harris Bank’s Asset Based Lending group, a leading provider of middle market asset-based finance solutions, announced it served as joint lead arranger and joint bookrunner for a $150 million senior revolving credit facility to CDI Corp. CDI Corp.... Read Story

Siena Lending Group continues to expand its nationwide platform with today’s announcement of the hiring of Steve Bellah as the Southwest Regional Director. Bellah, a highly seasoned ABL veteran, will be focused on originating middle-market... Read Story

MB Business Capital announced it recently provided a new $10 Million senior credit facility to Hudson, North Carolina based Beocare, Inc. and their affiliate Shelby Elastics, LLC located in Shelby, NC. Beocare develops and produces medical textiles... Read Story

TCF Capital Funding ("TCFCF"), the Chicago-based cash flow and asset-based lending division of TCF National Bank, announced that it provided financing to support United American Security (“UAS” or the “Company”), a portfolio company of LaSalle... Read Story

AloStar provided a $15 million commitment to Stonemark Holdings, Inc. of Frisco, Texas.Founded in 1983, Stonemark Holdings, Inc. provides insurance premium financing for companies operating in 16 different states. AloStar’s commitment was funded... Read Story

Citizens Commercial Banking has provided a $10 million senior secured credit facility to Active Sports Lifestyle USA LLC (d/b/a Active Ride Shop), a Rancho Cucamonga, Calif.-based skateboard product and clothing retailer with 28 locations throughout... Read Story

MB Business Capital recently provided a new $8 million senior credit facility to Bridgman, Michigan-based Great Lakes Metal Stamping, Inc. Great Lakes is a steel and aluminum stamping operation supplying metal stampings and welded assemblies to a... Read Story

Tembec announced it has entered into a new asset-based secured revolving credit facility which consists of a $150 million revolving credit facility with Wells Fargo Capital Finance Corporation Canada, as administrative agent, and PNC Financial Bank... Read Story

Excelsior Capital Partners, a private investment firm, announced today that its portfolio company Artissimo Designs LLC (“Artissimo”), has closed on a $15 million revolving ABL credit facility with PNC Bank, N.A., a member of The PNC Financial... Read Story

Bibby Financial Services announces the appointment of Kim Withrow to Executive Vice President, General Counsel. Withrow joins the team with nearly 30 years of experience in all aspects of commercial lending. She will oversee the company’s legal... Read Story

Old Hill Partners has launched a new hedge fund to take advantage of rising interest in private debt among institutional investors. The new fund will seek to generate current income by originating and investing in the senior secured credit loans of... Read Story

J. C. Penney Company, Inc. announced it has received $500 million of incremental bank commitments to increase the size of the revolving line of credit under its existing Senior Secured Asset-Based Credit Facility (“ABL”) to $2.35 billion from $1.85... Read Story

Siena Lending Group announced the completion of a three-year $27 million credit facility for Sypris Solutions Inc. (“Sypris”) to refinance their existing senior debt and to support their growth requirements. The facility included a $15 million... Read Story

TAB Bank announced it has provided a $4.5 million asset-based credit facility for a logistics and supply chain management company with operations in California and the Northeast.  The new facility will pay off the company’s previous lender and... Read Story

Pacific Mercantile Bank has increased its revolving line of credit with Argos Material Distribution to $2.25 million. In addition to the asset-based line of credit to finance accounts receivable, Argos Material Distribution utilizes the full array of... Read Story

Sterling National Bank announced Ernest Pelli has joined its asset-based lending division as managing director. Pelli will serve middle-market commercial companies across the country, with particular emphasis on manufacturing, wholesale operations... Read Story

Yelton Capital Network announced it arranged a $4 million asset-based loan facility for a Southeast-based medical equipment distributor. The twenty-five year old company operates both nationally and internationally providing equipment to hospitals... Read Story

Marquette Business Credit announced the appointment of two key, senior leadership positions, Gregory P. Carasik to Executive Vice President, National Portfolio Manager and Kenneth S. Pardue to Executive Vice President, National Marketing Manager. ... Read Story

Renasant Bank announced the expansion of its asset-based lending division with the addition of Dennis Phelps. Phelps will based in its Riverwood office in Atlanta. Phelps has been appointed  as a SVP/ Relationship Manager.  In his new role, he will... Read Story

Mackinac Commercial Credit (MCC), a wholly owned subsidiary of Mackinac Financial Corporation (MFNC) (the parent company to mBank) has announced it has been merged into mBank and is now a division of the company as of October 1, 2015. Mackinac... Read Story

Monroe Capital LLC announced that it has established a new business vertical, Retail and Consumer Products Asset Based Lending. In addition, Andy Moser and Marc Price have joined Monroe Capital to co-head this new finance practice group. Andy and... Read Story

NewStar Business Credit, a wholly-owned subsidiary of NewStar Financial, Inc. announced today that it has provided a $15 million credit facility to Atlas Group (“Atlas” or the “Company”). Headquartered in Wichita, KS, Atlas specializes in complex... Read Story

MB Business Capital, a division of MB Financial Bank, N.A., announced the following organizational changes:Ellen Cook has assumed the position as Senior Vice President, Director of Collateral Risk Management and Reporting. Cook’s new responsibilities... Read Story

California Bank of Commerce, a San Francisco Bay Area business bank, announced Amy C. Efland has joined the bank as senior vice president and sales manager for CBC Business Credit in the South Bay.“We are very proud to have Amy join our growing asset... Read Story

TAB Bank announced the addition of Mary Meroney to its trucking business development team as vice president and business development officer.  Merony will be responsible for sourcing new business opportunities by providing asset-based and factoring... Read Story

MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new $19.7 Million senior credit facility to Chicago, Illinois based Chicago Meat Authority, Inc. Chicago Meat Authority is engaged in the processing, packing... Read Story

HYPERAMS announced seasoned industry veteran, Tim Serritella has joined the company as Director of Business Development. Serritella will be responsible for developing relations in all of the firm's verticals as well as expanding teams services in... Read Story

FirstMerit Bank Business credit announced it recently closed two asset-based credit facilities totaling $35.2 million. The details are as follows:Millenia Products Group FirstMerit Bank Business Credit announced it closed a new $18 million revolving... Read Story

Monroe Capital LLC announced that it is expanding its presence and coverage in Canada with the addition of Mark Sturrock, who will lead its origination efforts in Canada. Mark will be based in Toronto. “We are very excited to have Mark as part of the... Read Story

Marquette Business Credit and Hana Financial, Inc. closed on a $10.5 million credit facility to Tuscarora Yarns. The secured facility consists of a $7.5MM revolving line of credit and a $3MM equipment term loan.  Marquette Business Credit is pleased... Read Story

Yelton Capital Network announced that Daniel H. Shaw has joined the firm as a partner. Shaw brings a vast amount of experience and expertise in asset based lending, banking, and finance. He was instrumental in the formation of Branch Bank and Trust's... Read Story

Trade Finance Solutions Inc., a leading provider of domestic and international financing solutions, announced today that Maria Chiang has joined the firm as senior vice president, business development. In this position, Chaing will be responsible for... Read Story

PNC Bank, N.A. announced the addition of John Lundberg, senior vice president with the senior secured financing team in the Southwest Region.  Based in Denver, Colorado, Lundberg will be responsible for amplifying PNC relationships with private... Read Story

As a result of a year of tremendous growth in the company's asset-based lending business, Bibby Financial Services announces the hire of Michael Levy, Senior Vice President, Business Development and John Socarraz, Senior Vice President/Underwriter.To... Read Story

MidCap Business Credit announced it has completed a $6.25 million asset-based credit facility to Faria Beede Instruments, Inc.  headquartered in Uncasville, CT.  The credit facility is comprised of a $5.85 million revolving line of credit and a $400... Read Story

PNC Bank, N.A., announced the appointment of David Mengel, executive vice president, to head up the technology finance team based in San Francisco. With 30 years of banking experience, Mengel will relocate to oversee PNC’s accelerated build out of... Read Story

Versa Capital Management, a private equity firm focused on control investments in special situations, announced today that its portfolio company Bell and Howell, LLC has secured a $25 million revolving ABL credit facility from Bank of America, N.A.... Read Story

MB Business Capital recently provided a new senior credit facility to Cumberland, Wisconsin-based Ardisam, Inc. and its related companies.  Ardisam is a manufacturer, importer and wholesaler of various outdoor seasonal products in the lawn and garden... Read Story

Wells Fargo Capital Finance announced that it acted as agent and lead arranger of an asset-based credit facility in support of the acquisition of Fork Rent Limited (“Fork Rent”) and One Call Hire Limited (“One Call”) by Searchlight Capital Partners... Read Story

Wells Fargo & Company announced that it has signed an agreement to purchase GE Capital’s Commercial Distribution Finance and Vendor Finance platforms as well as a portion of its Corporate Finance business. The acquisition includes total assets of... Read Story

Capital Southwest committed $7.5 million to lead the last-out portion of a unitranche asset-based credit facility for Freedom Truck Finance, a Dallas-based secondary truck finance company specializing in the acquisition and management of sub-prime... Read Story

MB Business Capital, a division of MB Financial Bank, N.A., recently announced it  provided a new senior credit facility to Fort Worth, TX- based Graco Supply Co., Inc. Founded in 1959, Graco is a leading value-added distributor of chemicals... Read Story

After five issuer defaults already this month accounting for nearly $2 billion in new volume, Fitch Ratings now expects the US high-yield default rate to end 2015 at around 3.5% -- above the 2.9% trailing 12- month (TTM) rate through September. This... Read Story

Mark S. Mandula, Managing Partner of United Capital Funding Corp announced today that United Capital Funding Corp. on October 1, 2015 has signed a Strategic Alliance with Yelton Capital Network, LLC, Mooresboro, North Carolina. "Due to a very strong... Read Story

Bibby Financial Services announces a large asset-based lending facility with the provision of a $6.5 million facility to Apparel Imports, a Miami-based formalwear company with global operations.The men’s formalwear maker sought Bibby Financial... Read Story

MB Business Capital , the asset based lending division of MB Financial Bank, N.A., announced the appointment of John A. Curtis, as Group President. He will be responsible for leading the division’s new business development team in the Southwest. He... Read Story

As Gibraltar Business Capital extends its niche lending capabilities to meet greater demand for capital in the private equity group market, the firm welcomes two new members to its team: Alex Friedman and Dan McCallum. The addition to Gibraltar's... Read Story

Renasant Business Credit announced the closing of a $2.75 million asset-based revolving line of credit for a Southeastern-based company (the Company) engaged in the international distribution of electronic parts and components for both commercial... Read Story

A lighting systems manufacturer based in California has chosen TAB Bank for a $1 million revolving credit facility.  The facility is based on accounts receivable and also contains an inventory component.  In addition to the credit facility, the... Read Story

NewStar Business Credit, a wholly-owned subsidiary of NewStar Financial, Inc., announced it has provided a $6.5 million secured credit facility to World Class Technology Corp. (“WCT” or the “Company”). Headquartered in McMinnville, Oregon, WCT... Read Story

Mick Goik, president and chief operating officer (COO) of Crestmark Bank, recently announced promotions and new staff within the company’s  SBA Lending Division. The SBA Lending Division, which recently marked its one-year anniversary, was... Read Story

Santander Bank, N.A. has appointed JohnPaul Nuzzo as vice president and relationship manager in the Bank’s Asset-Based Lending group. His responsibilities include originating and managing asset-based credit facilities for new and existing... Read Story

Citizens Bank announced it has provided a $60 million senior secured credit facility for Matteson, Ill.-based Rogers Enterprises, Inc., owner of a jewelry chain with 77 locations. Citizens acted as sole lead arranger of the $60 million asset-based... Read Story

Webster Bank, a leading regional bank, announced today that Webster Bank Business Credit (WBCC), its regional asset-based lending subsidiary based in New York City, continued its strategic initiative to expand geographically by opening an office in... Read Story

S&W Seed Company has signed and closed a $20 million asset-based credit facility with KeyBank National Association. The new credit facility is being utilized to refinance the company's existing Export-Import Bank-backed senior debt and provides... Read Story

Wells Fargo Capital Finance, the asset-based lending (ABL) division of Wells Fargo & Company, announced the addition of healthcare finance veteran Jason Dufour to its Healthcare Finance Group.  Based in McLean, VA, Dufour’s efforts will be  focused... Read Story

NewStar Business Credit, a wholly-owned subsidiary of NewStar Financial, Inc., announced it has provided a $16million revolving credit facility to East West Copolymer, LLC. Headquartered in Baton Rouge, Louisiana, East West produces synthetic rubber... Read Story

TCF Capital Funding (TCFCF), the Chicago-based cash flow and asset-based lending division of TCF National Bank (“TCF Bank”), announced that it provided secured financing to support the acquisition of Lone Star Distribution LLC (Lone Star or the... Read Story

HPD Software announces their acquisition of the ABL software business of Computer and Software Enterprises Inc. (CASE), a leading provider of asset-based lending (ABL) monitoring solutions in the U.S.  The acquisition will provide a wide range of... Read Story

MB Business Capital announced it recently provided a new $17.5 million senior credit facility to Selbyville, Delaware based E Revolution Ventures, LLC . E Revolution Ventures is a global on-line retailer that sells various consumer goods directly to... Read Story

Opus Bank announced Derrick Wong has joined Opus as Managing Director, Senior Client Manager – Commercial Banking, San Diego. Wong, an 11-year banking and finance veteran, is focused on expanding Opus’ commercial and corporate client base in the San... Read Story

Marquette Business Credit announced it recently funded a $16 milion credit facility to Oilfield Steel Supply, LLC (“OSS”).  Based out of Magnolia, Texas, OSS delivers high quality raw materials to the Oilfield Equipment Manufacturing industry. This... Read Story

NewStar Business Credit, a wholly-owned subsidiary of NewStar Financial, Inc., announced it has provided a revolving credit facility to The Honest Kitchen, Inc. (“Honest”).  Established in 2002, Honest is a pet food manufacturer located in San Diego... Read Story

AloStar Business Credit provided more than $73 million in financing to seven companies in the first four months of 2015. The businesses were located across the country and represent a cross section of industries.“These credit lines will advance... Read Story

TCF Capital Funding, the Chicago-based cash flow and asset-based lending division of TCF National Bank, provided a senior secured facility to support the acquisition of Levin Home Care by Family Private Care (“FPC”) a portfolio company of Miami based... Read Story

Amerisource announced the addition of George Horvat as business development officer in the Midwest.  Based in Cleveland, Ohio, Horvat will be focused on expanding Amerisource’s market presence, managing the Company’s extensive referral network and... Read Story

MidCap Business Credit announced it has completed a $2 million asset-based line of credit to Bakery Barn, Inc., and Pervine Foods, LLC.   Bakery Barn is a private label manufacturer of baked protein bars, breakfast squares, cookies, and brownies.  ... Read Story

Bridge Bank announced it has launched a new banking group -- Equity Fund Resources -- which will serve as a centralized resource to Venture Capital (VC) and Private Equity (PE) investment funds, their partners and portfolio companies. The new group... Read Story

Wells Fargo & Company said that John C. Adams has been named head of Commercial Banking, effective immediately. He is based in San Francisco.Adams reports to Perry Pelos, the former Commercial Banking head, who in July was promoted to a new position... Read Story

First Niagara Financial Group announced it has closed on a $20 million revolving line of credit with Calypso St. Barth, a designer, retailer and wholesaler of luxury lifestyle apparel, accessories and home goods.The financing package was arranged by... Read Story

Bibby Financial Services announces an $11 million revolving line of credit to Fragrance Acquisitions LLC, DBA Preferred Fragrance, a leading distributor of designer-inspired perfumes. This transaction is yet another asset-based lending facility... Read Story

Crestmark announced the addition of Stacy Odendahl as vice president, business development officer for the East Division. Based out of Atlanta, she will assist in expanding Crestmark’s presence and financing opportunities in Georgia and surrounding... Read Story

Capital Solutions, LLC, a provider of asset-based lending solutions, based in Glendale, CA, has expanded its product offerings to include mezzanine financing for companies with at least $10 million in annual sales and EBITDA in excess of $1.5 million... Read Story

NewStar Business Credit, a wholly-owned subsidiary of NewStar Financial, Inc., announced it has provided a $5 million credit facility to Three J’s Distributing, Inc. (“Three J’s” or the “Company”).  Established in 1985, Three J’s is a regional... Read Story

First National Bank, the largest subsidiary of F.N.B. Corporation announced the promotion of Ronald Donatelli to Pittsburgh Regional President.Donatelli will be responsible for integrating FNB's successful cross-functional business model and for... Read Story

RBC Capital Markets acted as administrative agent and left lead arranger on a $175 million asset-based lending revolving financing to support Kelso & Company’s August 20th Acquisition of US LBM Holdings, LLC.  The ~$1 billion financing package... Read Story

TCF Capital Funding, the Chicago-based cash flow and asset-based lending division of TCF National Bank,  has promoted Michael Trojanowski to officer. Trojanowski is a valued member of the transaction underwriting and portfolio management team.  "This... Read Story

BMO Harris Bank’s Asset Based Lending group, a leading provider of middle-market asset-based finance solutions, announced it acted as solelender for a $30 million senior secured revolving credit facility to support Wynnchurch Capital’s acquisition of... Read Story

Danier Leather Inc. has entered into a third amended and restated credit agreement with its existing lender Canadian Imperial Bank of Commerce, which converts the company's existing operating and revolving credit facilities into a senior secured... Read Story

Veritas Financial Partners has closed a $4 million financing to support a private equity firm’s recapitalization of a manufacturer and installer of large format lighting systems.  Veritas’s financing will help the company execute on upcoming... Read Story

The Commercial Finance Group announced the addition of Katie Burba, Business Development Officer for the Midwest region.  Her primary focus will be metro Cincinnati, OH, Louisville, KY and Indianapolis, IN.Burba comes to CFG with a 21 year background... Read Story

Amerisource is pleased to announce the promotion of Allison Billings to Regional Market Manager of Texas. Billings joined Amerisource in 2007 and has held positions in credit, underwriting and client servicesover the past eight years. Billings will... Read Story

Bibby Financial Services announces the promotion of Barry Kastner to Executive Vice President, Head of Business for the company’s large business unit after being hired to lead the company’s asset-based lending platform just four months prior. The... Read Story

PNC Bank, N.A. announced the addition of Michele Scafani, senior vice president and senior business development officer with the senior secured financing team in the Western Region.  Based in San Francisco, Scafani will be responsible for business... Read Story

NewStar Business Credit, a wholly-owned subsidiary of NewStar Financial, Inc. announced today that it has provided a $10.5 million credit facility to a manufacturer of nonlethal tactical munitions and crowd control devices with operations located in... Read Story

TCF Capital Funding (TCFCF), the Chicago-based cash flow and asset-based lending division of TCF National Bank, announced that it provided $20.5 million of secured financing to support the acquisition of Superwinch Holding LLC (“Superwinch” or the... Read Story

GE Capital Commercial Distribution Finance (CDF) announced that it has extended its inventory financing agreement with Wright Manufacturing, Inc., a producer of commercial lawn mowers. The financing will be used for its network of dealers and... Read Story

Crestmark secured a total of $12.675MM in financial solutions for 13 new clients in the first half of August. They include: On August 3rd, a traditional factoring facility was provided to a North Carolina furniture manufacturer. The financing will... Read Story

Gerber Finance announced Barry Karen has joined the team as Senior Vice President. Barry will be responsible for covering the New York, New Jersey and the mid-Atlantic region. Prior to joining Gerber, Karen held senior positions with Fleet Bank, CIT... Read Story

Bank of America Business Capital recently closed a $30 million senior secured asset-based loan to Techniplas LLC. Techniplas is a market leading producer of highly engineered and technically complex plastic components and systems for the industrial... Read Story

Ares Commercial Finance has funded a $28 million senior secured credit facility consisting of a $25 million revolving line of credit and a $3 million term loan to Innovative Hearth Products LLC (“IHP”), a company majority-owned by an affiliate of... Read Story

TCI Business Capital announced that Mark Zitzewitz is now chief operating officer for the company. In this role, Zitzewitz is responsible for leading the company on a day-to-day basis, ensuring the continuity of operations and service delivery, and... Read Story

TCF Capital Funding announced that it provided $9.5 million of secured financing to support the recapitalization of Hydro Operating, LLC d/b/a Hydro Engineering.   Headquartered in Norwood Young America, MN, Hydro Engineering is a manufacturer of... Read Story

NewStar Business Credit, a division of NewStar Financial, Inc. announced it has hired Arthur A. Pesavento as a Senior Vice President in its Chicago office.  Art will be responsible for helping to expand NewStar Business Credit’s marketing and... Read Story

Citizens Bank announced today that Citizens Commercial Banking has provided a $31.5 million senior secured credit facility for Dover Saddlery, Inc., a leading multichannel retailer of equestrian products in the United States. Dover Saddlery recently... Read Story

Peapack-Gladstone Financial and Peapack-Gladstone Bank announce the appointment of Frank H. D'Alto to the position of Senior Managing Director, Commercial Banking. D'Alto will be responsible for further growth of the commercial middle-market lending... Read Story

First Niagara Commercial Finance, the asset-based lending arm of First Niagara Financial Group, announced that it closed on a $43.5 million financing package to help Pennsylvania-based U.S. Corrugated, Inc. expand its operations and open a new, state... Read Story

Bank of America Merrill Lynchannounced that it is serving as administrative and collateral agent for an $80 million asset-based revolver to Ice Mobility. The proceeds refinanced and increased a prior facility, and will be used to support the... Read Story

Star Gas Partners has entered into a third amended and restated asset-based revolving credit facility, which expires in July 2020 and provides the ability to borrow up to $300 million ($450 million during the heating season from December through... Read Story

Univar Inc. announced today that Univar and certain of its wholly-owned subsidiaries have entered into a new credit agreement with Bank of America, N.A., as U.S. administrative agent, Bank of America, N.A. (acting through its Canada branch), as... Read Story

First Niagara Financial Group has closed a multi-million dollar credit package with Ibex Outdoor Clothing, LLC, a designer, distributor and retailer of premium wool outdoor and active apparel for men and women. The financing package was arranged by... Read Story

RedRidge Finance Group announced the addition of Sharon Goldberg to the RedRidge Due Diligence Services team of financial professionals. She will join Scott Mitchell, John Yoon and Albert Toscano in the California Office. With a rapidly growing team... Read Story

Siena Lending Group announced the completion of an $8 million revolving and term loan facility for Southern Parallel Forest Products Corp. The facility will be used to purchase a sawmill and planer mill as well as providing additional liquidity for... Read Story

Gordon Brothers-AccuVal, the valuation division of Gordon Brothers Group, a global advisory, restructuring and investment firm specializing in the industrial, consumer products and retail sectors, announced Conrad Lauten has joined as Director... Read Story

Bibby Financial Services announced Simon Featherstone is to step-down as Global Chief Executive. After four years at BFS, Simon has decided to pursue other career opportunities and will leave the business on Aug. 5, 2015.David Postings, BFS UK Chief... Read Story

Crestmark announced the return of Michael Bucek to the company’s ranks. Bucek rejoined the company in early July as vice president, business development officer for the Transportation Division. He is based in Tennessee. Bucek reports to Heath... Read Story

Bank of America Business Capital announced it has named Daniel Stella and Eric Huff as senior vice presidents and senior business development officers in Pennsylvania, to help deliver commercial banking and asset-based lending solutions to our... Read Story

MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new $25 million senior credit facility to Fort Worth, TX based Anchor Fabrication, LLC. Anchor Fabrication is a full service metal fabrication business that... Read Story

Live Ventures Inc., a wholly-owned subsidiary of Live Deal Inc., announced the closing of its first acquisition based on its strategy to acquire diversified and profitable companies:  Georgia-based Marquis Industries, Inc., a specialty... Read Story

GE Capital, Corporate Finance is serving as administrative agent on a $49.5 million senior secured credit facility for Flavor Producers, Inc. Flavor Producers, a creator of custom-formulated flavors for food and beverage companies globally, will use... Read Story

Bank of America Business Capital recently closed a $71 million asset-based revolving credit facility to A.H. Harris & Sons, a leading construction supply company. Proceeds from the loan were used to complete a recapitalization of A.H. Harris by... Read Story

MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new $24 million senior credit facility to Holden, Louisiana based Ferrara Fire Apparatus, Inc. (Ferrara). Ferrara is a custom designer and manufacturer of... Read Story

Renasant Business Credit announced the closing of a $5.5 million asset-based revolving line of credit for a Southeastern-based company engaged in manufacturing and wholesaling a diverse array of plastic related consumer-oriented products.  The... Read Story

Bluestem Group Inc. announced the completion of its acquisition of Orchard Brands Corporation, a leading national, multi-brand family of 13 catalog and eCommerce brands serving the boomer and senior demographics, for $410 million in cash, subject to... Read Story

Credit Value Partners, LP, based in Greenwich, CT, has announced that James Irwin and Daniel O'Rourke, both seasoned investment professionals with significant experience in middle-market loan origination, recently joined the firm to focus on... Read Story

MidCap Business Credit has appointed Bruce Pavesich to Senior Vice President of its business development team.  Pavesich, has spent the last 30 years in asset-based finance and has been in business development roles most recently with Crestmark Bank... Read Story

MB Business Capital recently provided a new $12.5 million senior credit facility to Nextten Stauer, LLC.  Stauer, with operations in Burnsville, Minnesota and Richmond, Virginia, is a direct marketer of various consumer products through catalogs... Read Story

Gary Kidd has joined KeyBank Business Capital, Key’s asset-based lending platform, from GE Capital Markets, Inc. He will work with KeyBanc Capital Market bankers in the industry, sponsor coverage and the debt capital markets groups to support... Read Story

CIT Group Inc. announced that CIT Real Estate Finance provided a $44.7 million senior secured loan to Garrison Investment Group, a leading middle market asset-based and real estate investor. The loan is secured by a portfolio of 11 shopping centers... Read Story

Marquette Business Credit recently provided acquisition financing for the purchase of a creative marketing services company by Third Century Investment Associates with a $4 million revolving line of credit and $1 million cash flow term loan.  Third... Read Story

Heritage Global Inc, a leader in distressed and surplus corporate and financial asset valuations and transactions, announced the launch of Heritage Global Capital (“HGC”), its newly formed fixed asset financing services division. HGC complements and... Read Story

Lighthouse Financial Corp. announced Todd Miller has been promoted to Vice President. In this position, he will continue his duties as a Senior Account Executive managing a portfolio of asset-based lending transactions. In addition, Miller will... Read Story

Garrison Investment Group announced the funding of a $74.3 million term loan credit facility, in conjunction with a $40.0 million asset-based revolving credit facility provided by Wells Fargo Capital Finance, to Interior Specialists, Inc. Proceeds... Read Story

Rockland Trust recently appointed Boston resident Joseph Herzog as Vice President of Asset Based Lending (ABL). Based in the Bank’s Boston office, Herzog is responsible for originating asset-based lines of credit and term loans up to $25 million. He... Read Story

Yelton Capital Network announced that Donald G. Wisdom has joined the firm as a managing director. Wisdome is a seasoned asset-based lending and factoring professional having managed a substantial asset-based lending division, overseen audit... Read Story

Citizens Bank announced Citizens Commercial Banking arranged a $35 million senior secured credit facility for Total Hockey, a specialty hockey and lacrosse retailer in the United States, who has been named to Inc. Magazine’s list of “Fastest Growing... Read Story

PNC Bank Canada Branch, the Canadian branch of PNC Bank, N.A., announced the closing of a $30 million CAD asset-based revolver for Gracious Living Corporation. Based in Woodbridge, Ontario, the company will use the funds to refinance consolidated... Read Story

Boot Barn Holdings, Inc. announced the completion of its previously announced acquisition of Sheplers, Inc., a 115-year old western lifestyle company with 25 retail locations across the United States and an industry-leading e-commerce business.The... Read Story

Garrison Investment Group announced the funding of a $21.0 million term loan credit facility, in conjunction with a $10.0 million asset-based revolving credit facility provided by Wells Fargo Capital Finance, to ProFusion Industries, a leading... Read Story

To support its expanding asset-based lending capabilities, Bibby Financial Services Canada hires Adam Flomen as Vice President of Business Development, Asset-Based Lending.  Flomen joins an impressive team of professionals who provide working capital... Read Story

TAB Bank announced the addition of Rodney D. Chavez  to its business development team as vice president and business development officer.  Chavez will be responsible for sourcing new business opportunities by providing asset-based and factoring... Read Story

MidCap Business Credit announced it has completed a $7 million asset-based line of credit to Warner Robins Supply Company, Inc.  Warner Robins Supply is a distributor and retailer of building materials headquartered in Warner Robins, GA. The... Read Story

Siena Lending Group announced the completion of a $14.5 million revolving and term loan facility for AmerTac Holdings, Inc. (AmerTac). The facility was used to refinance the existing lender as well as providing additional liquidity for working... Read Story

MB Business Capital announced it recently provided a new $6.45 million senior credit facility to Valencia, California-based True Position Technologies (TPT).  TPT is a leading manufacturer of precision-machined parts and sub-component assemblies for... Read Story

Bank of America Business Capital recently closed a $200 million asset-based revolving credit facility for Exide Technologies.  Exide is a leading producer, distributor and recycler of lead-acid batteries used in transportation, motive power, network... Read Story

GE Capital, Corporate Finance announced it is serving as administrative and collateral agent on $1.335 billion in senior credit facilities for auction house Sotheby’s. The new facilities include a $485 million credit line increase that will be used... Read Story

Crystal Financial announced the closing of a $12.5 million Senior Term Loan for Aquent, a subsidiary of TRI Ventures, Inc. (“TRI”). Headquartered in Boston, Aquent is the market leader in temporary staffing and outsourced project development in the... Read Story

Sterling National Bank announced today that Mignon Winston and Mark Long have joined the Bank's Asset Based Lending division, each as First Vice President and Portfolio Manager. Winston and Long will be based in New York City and provide financing... Read Story

U.S. businesses showed signs they were looking to grow in the first quarter of the year as the Commercial Finance Association (CFA) released its Quarterly Asset-Based Lending (ABL) Index Q1 2015, showing American businesses utilized 42.2% of their... Read Story

ING Capital LLC announced the opening of a new office in Chicago, Illinois for its Acquisition Finance Group in the Americas ("AFG"). This adds to ING's current U.S. office locations in New York, Atlanta, Dallas, Houston and Los Angeles. The Chicago... Read Story

PNC Bank, N.A, announced the appointment of Kurt V. Putkonen to senior vice president and regional manager for the asset-based lending team in the Southwest. Based in Dallas, Texas, Putkonen will oversee new business development and portfolio... Read Story

Wells Fargo Capital Finance announced new leadership roles for executives Scott Diehl, Steve Macko and Kurt Marsden. Each will lead one of the three core business groups of Wells Fargo Capital Finance, all reporting to Guy Fuchs, who was named... Read Story

GE Capital, Corporate Finance announced it has provided a $17 million credit facility to ROC Services Company, an oil and gas well-site services supplier. The funds will be used to refinance existing equipment and to support the acquisition of the... Read Story

Wabash National Corporation announced that it has completed an amendment to its credit agreement with a group of lenders that provides the company’s $150.0 million, asset-based, revolving credit facility.  Among other things, the amendment will i)... Read Story

WPCS International Incorporated which specializes in contracting services for communications infrastructure domestically and natural gas and petroleum transmission pipelines internationally, announced its subsidiary, WPCS International - Suisun City... Read Story

North Mill Capital anounced it has furnished  Bartash Printing, Inc. with a $10 million credit facility to finance accounts receivable, inventory and purchase orders. Term Loans on equipment and real estate were also provided. EverBank Business... Read Story

PNC Bank, N.A. announced the promotion of Robin L. Arriola to senior vice president and sales manager for asset-based lending in southern California and the Desert Southwest, and Terrence J. Mech to senior vice president and sales manager for... Read Story

Stock Building Supply Holdings, Inc. and Building Materials Holding Corporation ("BMC"), two leading building materials and solutions providers to professional contractors, today announced the signing of a definitive merger agreement under which the... Read Story

Renasant Business Credit announced the closing of a $15 million asset-based revolving line of credit for a Southeast based company engaged in providing fuel management services and fuel products to large corporate owned fleets.  The company was... Read Story

EveryWare Global announced it has successfully completed its financial restructuring and has emerged from Chapter 11. The company exits the restructuring process with a significantly reduced debt load and strengthened balance sheet."Thanks to... Read Story

Spectrum Brands Holdings, a global consumer products company with market-leading brands, announced that its wholly owned subsidiary Spectrum Brands, Inc. intends to replace all of its outstanding indebtedness under its existing term loans and asset... Read Story

Key Energy Services, Inc.  has closed a $100 million asset-based revolving credit facility ("ABL") due February 2020 and closed and funded a $315 million term loan facility due June 2020. The facilities replace Key's existing $400 million senior... Read Story

Siena Lending Group, in conjunction with North Mill Capital,  announced the completion of a three-year $25 million asset-based revolving credit facility for D&M Holdings US, Inc. and D&M Canada, Inc., to support their growth and seasonal working... Read Story

UMB Financial Corporation, a $16.7 billion diversified financial holding company, headquartered in Kansas City, Mo., has completed the acquisition of Marquette Financial Companies (MFC), a $1.4 billion financial-services company owned by the Pohlad... Read Story

MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new senior credit facility to Tracy, California-based Barbosa Cabinets, Inc. The company is a manufacturer of cabinets and countertops for large builders of... Read Story

Capmark Financial Group Inc.  has entered into a definitive agreement to acquire Orchard Brands Corporation for $410 million in cash, subject to various pre- and post-closing adjustments. The transaction will broaden and diversify the customer base... Read Story

Amerisource Business Capital, the asset-based lending division of Amerisource, announced the closing and funding of a $500,000 line of credit for a marine cargo handling company in Texas.  Proceeds of the facility were used to refinance a smaller... Read Story

Siena Lending Group continues to expand its asset-based platform with today’s announcement of the hiring of Chris McKernan as Director New Business Originations – Western Region. McKernan, a highly seasoned ABL veteran, will be joining Scott Elliotto... Read Story

MidCap Financial, a leading specialty finance firm focused on the middle market, is pleased to announce that John Rosin has been named Managing Director – National Head of Originations of the Midcap Financial Services, LLC General Industries Asset... Read Story

TAB Bank announced the addition of Mark Brown to its business development team as Vice President and Business Development Officer.  Brown will be based in Atlanta, GA and will be responsible for sourcing new business opportunities by providing... Read Story

Opus Bank announced the expansion of its Los Angeles Region Commercial Banking team with the hires of Douglas Rosenthal, a 35-year banking veteran, and Mark Deneen, a 34-year banking veteran, each joining as Managing Director, Senior Client Manager –... Read Story

Tech CU (Technology Credit Union) is expanding its commercial loan services by providing asset-based lending, including accounts receivable and inventory financing. The credit union will provide small- and mid-size companies (manufacturers... Read Story

CIT Group Inc. announced that CIT Corporate Finance served as administrative agent on a $40 million senior secured asset-based revolving credit facility for TowerBrook Capital Partners L.P., a private equity firm. The financing was used to facilitate... Read Story

Intrepid Investment Bankers (Intrepid), a leading middle-market investment bank, served as exclusive financial adviser to PreSonus Audio Electronics, Inc. (PreSonus) on its debt capital raise led by Presidential Financial. A leading brand with a... Read Story

First Capital, a commercial finance company with a national presence, announced that it has completed the sale of its three product businesses to separate buyers.  Traditional factoring was sold to Sterling Bancorp on May 7, 2015; Recourse Factoring... Read Story

Wells Fargo Capital Finance announced that its Lender Finance division was administrative agent and lead arranger for a $450 million senior revolver for Ares Commercial Finance LP (“ACF”), a fund managed by the commercial finance platform of Ares... Read Story

Golub Capital announced that as sole bookrunner and solelead arranger, it provided $355 million of credit facilities consisting of an asset-based revolving credit facility and GOLD facility to support the refinancing of Plano Synergy Holdings, an... Read Story

TAB Bank announced the addition of Shane O’Grady to its business development team as Vice President and Business Development Officer.  O'Grady will be based in Phoenix, AZ and will be responsible for sourcing new business opportunities by providing... Read Story

Marquette Business Credit is pleased to announce the promotion of Todd Pacifico to Senior Vice President/Loan Officer.  Pacifico has been with Marquette since 2012 as an Underwriter/Loan Officer in the firm's Atlanta office where his high level of... Read Story

Huntington Bank appointed Jeffry Elliot chief administrative officer of its Asset Finance group. In this new role, Elliott will oversee corporate development, merger and acquisitions, strategic planning, and corporate governance for all of... Read Story

Bank of America Business Capital recently closed a $20 million revolving line of credit and $2.5 million term loan for Rosina Food Products, Inc. to refinance the company’s existing debt and provide ongoing working capital financing to support the... Read Story

Renasant Bank is pleased to announce the expansion of its Asset Based Lending Division with the addition of two new team members and the promotion of a third.  John Willis and Brian Gagel have joined the Business Credit Team Willis has joined as... Read Story

TCI Business Capital announced that Bill Fuesz has joined the company as vice president, marketing. In this role, he is responsible for leading the company’s go-to-market initiatives and relationship development programs.Prior to joining TCI, Fuesz... Read Story

Houlihan Lokey announced that Patrick Schoennagel has joined the firm as a Director in its Capital Markets Group. He is based in London and will focus primarily on assisting both independent and sponsor-backed corporates in the United Kingdom and... Read Story

SVBusiness Capital has announced the issuance of a $1.3 million revolving line of credit as well as a $205M term loan to a California-based building maintenance company.  The proceeds were used to refinance existing debt and to support their growing... Read Story

KeyBank Business Capital continues to expand its Midwest asset based lending (ABL) team with the addition of Senior Vice President Ben Pugliesi. Pugliesi will work with businesses located in Michigan, northern Indiana and northwest Ohio from his base... Read Story

Victory Park Capital (VPC), an asset management firm focused on middle market debt and equity investments, announced it has provided a $50 million credit facility to The Credit Junction, an online provider of working capital financing to small and... Read Story

MB Business Capital recently provided a new senior credit facility to Chicago, Illinois-based BCDVideo.  The company is a global manufacturer of video surveillance storage solutions. BCDVideo is Hewlett Packard’s global OEM Partner for IP video... Read Story

MB Business Capital recently provided a new $21 million senior credit facility to Richmond, CA-based Nutiva. Nutiva is the world’s leading brand of all-organic coconut oil, chia seeds, hemp foods, and red palm oil. The company has become the... Read Story

Salus Capital Partners announced that Christopher D. O'Connor and Kyle C. Shonak have been named Co-Presidents of the firm, effective immediately.In a joint statement, O'Connor and Shonak commented: "Salus will work closely with our parent company... Read Story

MB Business Capital recently provided a new $10 million senior credit facility to Stockton, CA-based Azco Supply, Inc.  Azco is a distributor of underground materials such as PVC conduit, underground pipe and wiring, transformers, LED street lighting... Read Story

Marquette Business Credit recently provided Impex Global with a $5.75 million revolving line of credit and cash flow term loan.  A LaSalle Capital portfolio company and located in Houston, TX, Impex is an importer and distributor of plastic films... Read Story

Wells Fargo Capital Finance, part of Wells Fargo & Company, announced that  on Wednesday, Apr. 22, the Wells Fargo Capital Finance team in the UK took home the 2015 Asset-Based Lender of the Year award at the 14th Annual Private Equity Awards in... Read Story

Summer Infant, Inc. announced that it has completed a restructuring of its debt to include a $60 million revolving credit facility, a $5 million "first in last out" (FILO) facility and $10 million term loan facility, replacing the $80 million... Read Story

North Mill Equipment Finance has increased the size of its senior loan facility with Wells Fargo Capital Finance to $75 million. The increased loan facility will enable North Mill to expand its business of originating small-ticket equipment leases... Read Story

Ares Management, L.P. announced that a fund managed by its commercial finance platform has signed a definitive agreement to acquire the asset-based lending portfolio of First Capital Holdings, Inc., a leading commercial finance company that provides... Read Story

Heading into its second quarter and anticipating a year of continued growth in its asset-based lending portfolio, Bibby Financial Services proactively hires Barry Kastner as Executive Vice President, Asset-Based Lending. Kastner will work with an... Read Story

Robert Vaughn and Carmen Posteraro have joined Tiger Valuation Services, LLC as Senior Associates, managing asset appraisal teams in the firm’s Los Angeles and Boston offices, respectively. Both report to Director of Appraisals, Ryan Davis. Vaughn... Read Story

Crestmark announced the promotion of Jack Talkington to Crestmark Chief Financial Officer. In his new role, he will be responsible for overseeing Crestmark’s Accounting department, and Interest Rate Risk Management/Funding and Special Projects areas.... Read Story

Peapack-Gladstone Financial Corporation and Peapack-Gladstone Bank announce the appointment of Patrick R. Brocker to the position of Senior Vice President. Based in the bank's Princeton location, Brocker is responsible for establishing the cash flow... Read Story

Security Bank of California announced that it has expanded its business development team with the addition of two experienced commercial bankers. Robert Barbeau has joined Security Bank as Senior Vice President and head of the Asset-Based Lending... Read Story

Fitch Ratings has assigned a 'BBB-/RR1' rating to Staples, Inc.'s new credit facilities, composed of a $3 billion five-year asset based lending (ABL) revolver and a $2.75 billion six-year secured term loan. Fitch currently rates Staples' Long-term... Read Story

MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new $25 Million senior credit facility to Radnor, PA-based Emtec, Inc. The company provides industry specific transformative digital solutions to world-class... Read Story

Modern Bank, N.A. announced that Michael C. Nedder has joined the bank as Managing Director and Head of Asset Finance.  He will be responsible for growing the new business lines of Equipment Finance and Asset Based Lending.  Asset Finance will be... Read Story

Masonite International Corporation entered into an Amended and Restated $150 million asset-based revolving credit facility, which is secured by the company’s inventory and accounts receivable in the United States and Canada. The company increased the... Read Story

Gordon Brothers Finance Company (GBFC) announced today that Mark Forti has joined the firm as managing director. Forti will be responsible for sourcing, originating and structuring new lending investments for Gordon Brothers Finance Company. Forti... Read Story

Online direct lender Dealstruck has secured a new $50 million credit facility led by Brevet Capital Management, LLC and $8.3 million in equity funding led by Trinity Ventures. This latest round of funding will allow Dealstruck to provide growth... Read Story

Crestmark announced the addition of Sean Campbell as Vice President, Business Development Officer. Working out of Benton, AK, he will assist in expanding Crestmark’s presence and financing opportunities for the transportation industry. He will report... Read Story

North Mill Capital announced the hiring of Larry J. Kamin, SVP.  Kamin will assume the role of Account Executive as Bob Flynn has retired.  Kamin has over 30 years of lending experience.  Most recently Kamin was a Managing Director and Relationship... Read Story

MidCap Business Credit announced that it has completed a $7 million asset-based line of credit to Vertex Energy, Inc., headquartered in Houston, Texas. Vertex Energy, Inc. recycles industrial waste streams and off-specification commercial chemical... Read Story

United Rentals, Inc. and certain of their subsidiaries announced they entered into a Second Amended and Restated Credit Agreement which provides for a senior secured asset-based loan facility of $2,500 million, a portion of which is available for... Read Story

Austin Financial Services, Inc. and Diamond Creek Capital, LLC (DCC) announced their formation of a strategic alliance. The alliance of DCC, a special situations cash flow and enterprise value lender, and Austin, a privately funded asset based lender... Read Story

TCF Capital Funding ("TCFCF"), the Chicago-based cash flow and asset-based lending division of TCF National Bank, announced that it provided an $8 million facility to support Mangrove Equity Partners’ investment in ReadyLIFT Suspension, Inc., a... Read Story

BMO Harris Bank announced that it continues the national expansion of its asset-based lending team with the opening of a new office in Irvine, California.  The office will be led by Tom Sinclair, who will be focused on corporate clients, business... Read Story

InfuSystem Holdings, Inc. has secured a new $45.0 million credit facility with JPMorgan Chase Bank N.A., and has retired its previous $36.5 million credit facility with its prior lender group. Effective March 23, 2015, the company entered into the... Read Story

TD Bank  has named Richard (Rich) Bochicchio as Managing Director-Business Development in Asset Based Lending. Based in Wilton, CT, he is responsible for developing new and expanding existing ABL relationships across the Metro NYC market.Bochicchio... Read Story

MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new senior credit facility to Bloomfield Hills, Michigan-based Summit Sports, LLC.  Summit Sports is an action sports retailer that owns and operates a... Read Story

Rosenthal & Rosenthal, Inc., the largest privately held domestic factoring and financing firm, announced the hiring of Robert A. Miller as Executive Vice President and Head of Asset Based Lending. Miller will be responsible for Rosenthal’s Asset... Read Story

As TAB Bank continues to expand its footprint in terms of geography and business opportunities it is pleased to announce the addition of Chip Scoggins to the business development team as Vice President and Business Development Officer.  Chip will be... Read Story

People's United Bank announced Paul Kelly has been named Regional President of Central Massachusetts, in addition to head of Business Banking in Central and Eastern Massachusetts.Kelly has over 25 years of experience in Commercial Banking and... Read Story

Marquette Business Credit, Inc. recently provided funding to Jackson Pipe and Steel under a new $4.5 million revolving line of credit to provide growth working capital and allow for inventory expansion.  Operating from its facilities in Texarkana... Read Story

Bank of America Merrill Lynch has provided a $20 million asset-based revolver to Connexity, Inc.  The proceeds were used to support the acquisition of Become, Inc. and to recapitalize the company.“Connexity is pleased to have entered into this... Read Story

Nanotherapeutics, Inc., an integrated biopharmaceutical company with a focus on advanced development and manufacturing, announced it has secured a $28.5 million debt financing from White Oak Global Advisors, LLC. The funds will support the completion... Read Story

AloStar Bank of Commerce Chairman and CEO Michael J. Gillfillan has announced his retirement effective April 15, 2015. The board of directors of AloStar Bank of Commerce has announced the appointment of Andrew S. "Andy" McGhee as CEO. McGhee will... Read Story

Wells Fargo Capital Finance announced that Kael L. Peterson has been named business development officer for the Commercial Services Group, which specializes in factoring and accounts receivables management. In her new role, Peterson is primarily... Read Story

Primed for a year of expected growth, Bibby Financial Services has appointed Christopher Kudrna as Head of Sales for the company's Small Business Unit, based in Lombard, IL. In his new role, Kudrna will be responsible for accelerating revenue growth... Read Story

Federal National Commercial Credit (FNCC) announced that Ron Fraser has joined the company as a senior business development officer in the New England Market. Fraser has been working in banking and commercial finance for over 25 years, with over 15... Read Story

Kindred Healthcare, Inc. completed syndication and pricing of an incremental $200 million term loan, the proceeds of which will be used to repay outstanding borrowings under the company’s $900 million senior secured asset-based revolving credit... Read Story

Rockland Trust announced it has promoted Michael Pandolfi to First Vice President of Asset Based Lending in the Commercial Lending  division. In this role, he is responsible for the origination of asset based lending relationships and the sale of... Read Story

TCF Capital Funding (TCFCF), the Chicago-based cash flow and asset-based lending division of TCF National Bank (“TCF Bank”), announced that it provided the secured financing to support the acquisition of Xcellence, Inc dba Xact Data Discovery and its... Read Story

NewStar Business Credit, a wholly-owned subsidiary of NewStar Financial, Inc., announced that it has provided a revolving credit facility to Chinada Industries, Inc.Headquartered in Ontario, Canada, Chinada designs, sources and distributes heavy duty... Read Story

BBVA Compass' Asset-Based Lending group announced that it has provided a $20 million senior credit facility to West Point, Ga.-based American K-9 Detection Services LLC, known as AMK9. AMK9 provides contract working dog detection services for the U.S... Read Story

TCF Capital Funding ("TCFCF"), the Chicago-based cash flow and asset-based lending division of TCF National Bank, announced that it provided two additional facility increases to its existing secured financing to support United American Security... Read Story

North Mill Capital announcedt it has hired Gregg Simpson as a Senior Vice President in Charlotte, NC. Simpson is responsible for business development in the Southeastern states. He has been in that market for over 35 years serving in various credit... Read Story

First Capital, a national commercial finance company, announced it has provided a $4.5 million asset-based credit facility to Simon Metals, LLC, a leader in scrap metal recycling for almost 100 years in the Pacific Northwest. The senior credit... Read Story

Bank of America Business Capital announced it has provided a £115 million credit senior secured facility to Hewden Stuart Limited. The proceeds will be used to refinance existing indebtedness, support working capital and capital expenditure... Read Story

Salus Capital Partners, LLC, has increased its senior secured credit facility for Mitchell Gold + Bob Williams up to $40 million as of December 2014. The company will use the financing for working and growth capital for its ongoing retail store... Read Story

TCF Capital Funding ("TCFCF"), the Chicago-based cash flow and asset-based lending division of TCF National Bank (“TCF Bank”), announced that it provided $21.5 million of secured financing to support Fort Point Capital’s investment in Sullivan, Inc.... Read Story

TAB Bank announced it has provided a $2 million revolving credit facility for an IT staffing company located in the Northeast.  The company specializes in all areas of IT Solutions, IS Security, IT Staffing, and Integrated Business Solutions.  They... Read Story

BBVA Compass announced its asset-based lending group provided a $25.4 million credit facility to Higginbotham Brothers & Co. of Comanche, Texas. Higginbotham operates 37 True Value and Ace Hardware stores in TexasBBVA Compass is a Sunbelt-based... Read Story

Scot M. Weisberg recently joined White Oak Global Advisors, LLC as managing director, responsible for special situations loans in White Oak's private debt portfolio. Weisberg brings over 20 years of experience in credit, portfolio management, special... Read Story

Marquette Business Credit announced it recently funded a $5 million revolving line of credit and inventory term loan to Patrick James, Inc. Patrick James, Inc. is a well-established, high-end men’s apparel retailer with fifteen retail locations... Read Story

NewStar Business Credit, a wholly-owned subsidiary of NewStar Financial, Inc. announced today that it has provided a $25 million credit facility to a transportation and logistics company with operations in the Mid-Atlantic and Southeast. The credit... Read Story

MidCap Business Credit announced today that it has completed a $7.5 million asset-based line of credit to Land-Air Express of New England, Ltd., headquartered in Williston, VT. Land-Air Express provides direct and next day delivery services to... Read Story

OurCrowd, the leading equity crowdfunding platform for accredited investors, announced that it lead a $16M Series E funding round for Borro, the UK-NY based, asset-backed online lender. OurCrowd was joined by Rocket Internet AG (RKET), Canaan... Read Story

Investors Bank appointed Sam Cirelli as vice president and business development executive of the Asset-Based Lending Group. Based in New York and reporting to Investors Head of Asset Based Lending (ABL) David Viggiano, Cirelli will be responsible for... Read Story

Fitch Ratings has downgraded the Long-term Issuer Default Rating (IDR) for RadioShack Corporation (RadioShack) to 'D' from 'C' following the company's announcement that it has filed Chapter 11. Fitch has also affirmed the 'CCC-/RR2' rating on... Read Story

Dwight Capital, a leading real estate lender focused on financing multifamily and healthcare properties, announced that it has launched Dwight Funding, an asset-based lending group in partnership with Ben Brachot and Daniel Basloe.Brachot and Basloe... Read Story

MidCap FinCo Limited (together with its subsidiaries, “MidCap Financial”), in alliance with its investment manager, Apollo Capital Management, L.P., an affiliate of Apollo Global Management, announced the launch of an innovative direct origination... Read Story

MB Business Capital announced it recently provided a new $5.8 million senior credit facility to Winter Park, Florida, based Accord industries, LLC.  Founded in 1972, Accord manufactures PVC piping for a variety of applications, including agriculture... Read Story

Bank of America Business Capital has completed a $25 million ABL revolver for Monterrey Provision Co., Inc., to refinance the company’s existing debt and provide ongoing working capital financing to support the firm’s increased growth. “We’re very... Read Story

FirstMerit Bank Business Credit announced the closing of two recent asset-based loans. The transactions include:Cleaning Solutions, LLC (aka Paramount Building Solutions)FirstMerit Bank Business Credit announced it closed a new $7.5 million revolving... Read Story

NewStar Business Credit, a wholly-owned subsidiary of NewStar Financial, Inc., announced it has provided a $6 million revolving credit facility to RTA Furniture Distributors, Inc., a leading value-priced retailer of furniture and cabinetry.... Read Story

Hilco Global announced Steve Feldman is returning to its Hilco Industrial operating unit as Senior Vice President of Asset Sales. Feldman, who has been running his own firm SJF Auctions LLC since 2013, returns to Hilco, where he spent 11 years as a... Read Story

Triumph Healthcare Finance, a provider of asset based lending solutions for small to mid-sized healthcare companies nationwide and a member of the Triumph Bancorp, Inc. group, announced the addition of Sandra Woods as Vice President, Business... Read Story

Invacare Corporation announced the completion of a new revolving credit and security agreement establishing a $100 million asset-based lending (ABL) senior secured credit facility maturing in January 2018. The new credit facility replaces the... Read Story

Crystal Financial announced it recently provided a $22 million first lien term loan to Remprex, LLC, a leading provider of managed technology services for the intermodal industry including Class I railroads and port operators. Its unique product... Read Story

Garrison Investment Group announced the funding of a $40 million term loan credit facility, in conjunction with a $35 million J.P. Morgan Chase asset-based revolving credit facility, to A.S.V., Inc. (“A.S.V.”). A.S.V. is a premier manufacturer of... Read Story

GE Capital’s Healthcare Financial Services business has served as administrative agent on a senior secured credit facility of up to $40 million for GenMark Diagnostics, Inc. comprised of a multi-tranched $35 million venture loan facility and a $5... Read Story

Triumph Commercial Finance, a provider of asset based lending, factoring and equipment finance solutions for small to mid-sized businesses, announced Jim Allin, Mark J. Simshauser and Jason Chapman as additions to its commercial finance team.Allin... Read Story

Cape Bancorp, Inc.,  the parent company of Cape Bank, a $1.1 billion asset bank headquartered in Cape May Court House, NJ, has announced the appointment of industry veteran Arthur M. Birenbaum, formerly of The Bancorp, to lead Cape Bank’s growing... Read Story

Siena Lending Group LLC  (‘Siena”) announced the completion of a $3.0 million revolving credit facility for The Smedley Company (“Smedley”). The facility was used to refinance Smedley’s existing credit facility and will be used for working capital... Read Story

MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new $9.6 million senior credit facility to RE Investment Company LLC, a wholly owned subsidiary of Miami, Florida, based Rental Equipment Investment Corp.... Read Story

Rosenthal & Rosenthal, Inc., the largest privately held domestic factoring and financing firm, announced the appointment of James J. Occhiogrosso, CPA, CFA as chief financial officer. Occhiogrosso will be responsible for R&R’s financial strategy and... Read Story

Cincinnati-based commercial products distributor RelaDyne, LLC has closed on a $75 million asset-based revolving credit facility with U.S. Bank to support the company’s continued growth. “We are very pleased to establish this new relationship with... Read Story

NewStar Business Credit, a division of NewStar Financial, Inc. announced it has hired David Teszler as a Senior Vice President in its Atlanta, GA office.  Teszler will be responsible for generating new asset-based financing opportunities with middle... Read Story

William H.W. Crawford, IV, Chief Executive Officer of United Financial Bancorp, Inc. and United Bank of Glastonbury, Conn., announced that they have recruited and built a team of top bankers from the Worcester area who have the expertise and... Read Story

Siena Lending Group announced the completion of a $6 million revolving and term loan facility for Lincoln Paper and Tissue, LLC. The facility was used to fund a capital expenditure project that was time sensitive and critical for the business as well... Read Story

PNC Bank, N.A., a member of The PNC Financial Services Group, Inc. announced the closing of a $26.5 million financing facility for MAYCO Industries, Inc. The facility consisted of a $17 million asset-based revolver, a $9.5 million term loan and... Read Story

Evraz Plc, an integrated steel, mining and vanadium business, said its North American subsidiary, EVRAZ North America, has closed the renewal and amendment of its asset-based revolving credit. The new facility is $515 million and has the same... Read Story

According to an announcment in the financial press, Chris Hart and Nigel Barr have joined the staff at BNP Paribas Commercial Finance in its London sales office. Both Hart and Barr are well known and respected within the asset-based lending community... Read Story

MB Business Capital, a division of MB Financial Bank, N.A., announced that it recently provided a new senior credit facility to Kansas City, Missouri based, SMWC Acquisition Co., Inc. which does business under the name Steel Manufacturing & Warehouse... Read Story

MB Business Capital, the asset-based lending division of MB Financial Bank, N.A., announced that Greg C. Walker has joined the organization as a senior vice president, responsible for new business development in the northeastern United States. Walker... Read Story

GE Capital announced it is providing a $45 million credit facility to YouFit, LLC., a chain of fitness clubs. The facility will be used to support the company’s future growth plans and for general working capital needs.YouFit is headquartered in... Read Story

NewStar Business Credit, a wholly-owned subsidiary of NewStar Financial, Inc., announced it has provided a $13.5 million revolving credit facility to Asheboro Elastics Corp. (“AEC”).  Headquartered in Asheboro, NC, AEC is a privately-held... Read Story

Crystal Financial LLC, an independent commercial finance company, announced the closing of a $33.0 million Second Lien Term Loan for Birks Group.  Founded in 1879, Birks is a leading retailer of fine jewelry, timepieces and gifts with 28 stores... Read Story

Marquette Business Credit, Inc. recently provided a $5 million credit facility to finance Texas Contract Manufacturing Group's ("TCMG") acquisition and consolidation of two high-end, specialty contract manufacturers in Texas and Nevada. TCMG is a... Read Story

UMB Financial Corporation, a $16.3 billion diversified financial holding company as of September 30, 2014, headquartered in Kansas City, Mo., and the Pohlad family of Minneapolis, Minn., announced the execution of a definitive agreement for UMB to... Read Story

Siena Lending Group LLC announces the completion of a three-year $25 million asset-based revolving credit facility for Universal Lubricants, LLC, a portfolio company of Pegasus Capital Advisors. Universal Lubricants, LLC will utilize the facility to... Read Story

Bank of America Business Capital has provided $21.4 million in senior secured credit facilities for Pro-Pet, LLC, a portfolio company of H.I.G. Capital. Proceeds will be used to refinance existing indebtedness and warrants, pay fees and expenses... Read Story

Wells Fargo Capital Finance announced that Ryan Birnel has been named business development officer for the loan originations team in Denver, Colorado. In his new role, Birnel is primarily responsible for sourcing and structuring flexible asset-based... Read Story

First Capital has provided a $6 million asset-based credit facility to Hint, Inc., maker of the leading and fastest growing flavored water on the market. The senior credit facility consists of a working capital revolver secured by accounts receivable... Read Story

NewStar Business Credit, a wholly-owned subsidiary of NewStar Financial, Inc., announced that it has provided a $12 million revolving credit facility to Soft Air USA, Inc. (“Soft Air”).  Founded in 1987 as a marketing company for entertainment and... Read Story

Salus Capital Partners, LLC announced it has provided a $20 million debtor-in-possession (DIP) facility to dELiA*s, Inc.  dELiA*s, Inc. is an omni-channel retail company primarily marketing to teenage girls.  The financing will be used by the company... Read Story

Siena Lending Group announced the completion of a three-year $6 million senior secured credit facility for OL International Holdings LLC on November 14, 2014. The facility was used to fund a portion of the acquisition and will be used to support the... Read Story

Opus Bank announced Matt Christensen has joined Opus as Senior Managing Director, Commercial Banking – Northern California within Opus’ Commercial Bank, and as Senior Managing Director, Corporate Finance within Opus’ Merchant Bank. Christensen, a... Read Story

Salus Capital Partners, LLC, a private commercial finance and asset management company providing senior-secured asset-based loans to the middle market, announced that the restructuring of the John Forsyth Shirt Company was named the M&A Advisor... Read Story

Siena Lending Group announced the completion of a three year, $5 million senior secured revolving credit facility for Organic Holdings (“Organic”). The facility was used to refinance Organic’s existing credit facility and will be used for working... Read Story

Garrison Investment Group announced the funding of a $60 million term loan credit facility, in conjunction with a $100 million ABL revolving credit facility provded by Wells Fargo Capital Finance to PCCR USA, Inc. PCCR is a wholly owned subsidiary of... Read Story

NewStar Business Credit, a wholly-owned subsidiary of NewStar Financial, Inc, announced that it has provided a $25 million revolving line of credit to Afni, Inc. (“Afni”).  Headquartered in Bloomington, IL, Afni provides outsourced process solutions... Read Story

First Capital, a specialized commercial finance company, provided a $21 million asset-based senior credit facility to a distributor of tires and supplies for the automotive, agricultural and professional industries.  The senior credit facility... Read Story

MB Business Capital, a division of MB Financial Bank, N.A., recently provided an $8 million senior credit facility for TKO Electronics, Inc. TKO is a full-service technology sales and asset management company that supports the entire technology... Read Story

Marcelo E. Sarago recently joined White Oak Global Advisors, LLC as Director of Originations. Based in the New York office, he will be responsible for originating and underwriting new investment opportunities for White Oak's private debt funds. He... Read Story

Bibby Financial Services announced it has funded an $8.5 million accounts receivable and inventory finance facility for a Miami-based apparel company. The 30-year-old business is a major designer and manufacturer of licensed sportswear for big box... Read Story

MidCap Business Credit completed a $4.75 million asset-based revolving line of credit to Southern Exchange, L.P., D/B/A, Texsport, a wholesaler of camping and outdoor recreational products  headquartered in Houston, TX.  The revolver is supported... Read Story

PNC Bank Canada Branch, the Canadian branch of PNC Bank, N.A., announced the closing of a $90 million asset-based loan for the Flynn Group of Companies. The transaction includes foreign exchange and treasury management services. Based in Mississauga... Read Story

Rockland Trust announced its appointment of Daniel J. Landers as Senior Vice President and Executive in Charge of Asset Based Lending (ABL). In this role, he will be responsible for managing the bank’s growing asset-based lending business which... Read Story

TCF Capital Funding, the Chicago-based cash flow and asset-based lending division of TCF National Bank, announced that it provided $24 million of secured financing to support Prairie Capital’s investment in a designer and manufacturer of home décor... Read Story

Intertape Polymer Group Inc. announced a new five-year $300 million revolving credit facility pursuant to a credit agreement with a syndicated lending group led by Wells Fargo Bank, National Association, as Administrative Agent, and Bank of America... Read Story

MidCap Financial served as joint lead arranger, joint bookrunner and syndication agent for a $65 million senior secured credit facility in support of the acquisition of Celerion, Inc. by MTS Health Investors, LLC ("MTS").MidCap's Leveraged Loan &... Read Story

Nebraska Book Company|Neebo Inc. announced it has closed on a $60 million five-year revolving credit facility with PNC Bank, N.A. As part of this new facility, the company’s existing asset-based loan lenders have also agreed to provide an additional... Read Story