Visa released its first-ever 2023-2024 Growth Corporates Working Capital Index (WCI). The study surveyed CFOs and treasurers of growth corporates, organizations that have unique needs and capabilities but often fall through the cracks between small...
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September 18, 2023, 07:49 AM
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C2FO announced the addition of two new executive roles to its leadership team, naming Dan Karas as its first chief credit officer and promoting Controller Bri Simoneau as the first chief accounting officer. Karas brings extensive leadership...
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November 10, 2022, 07:39 AM
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Second Avenue Capital Partners closed a $17,500,000 senior secured credit facility for Alex and Ani, LLC, creators of the iconic charm bracelet and affordable meaning-based jewelry. The new credit facility will support ongoing working capital needs...
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August 24, 2022, 08:00 AM
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Eastern Bank added Work ‘N Gear as a new asset based lending customer. Founded in 2002 and headquartered in Quincy, MA, Work ‘N Gear is an American retail company that focuses on selling various kinds of work apparel, footwear and healthcare apparel....
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March 14, 2022, 07:45 AM
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GemCap provided a $4.0 million facility consisting of a working capital revolver and an equipment term loan for a nut processing company. "We're happy to support the food industry and agriculture," says David Ellis, Co-President. "GemCap continues to...
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February 25, 2022, 07:30 AM
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MidFirst Business Credit (MFBC) provided a $15 million working capital facility to Coast Medical Service, Inc. Headquartered in Los Angeles, Coast Medical is a healthcare staffing company that recruits and hires nurses for placement in both...
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January 25, 2022, 08:02 AM
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Kyriba, a global leader of cloud-based finance and IT solutions, announced the launch of new Kyriba Working Capital Solutions as part of its bold effort to close the reported $3.4 trillion trade financing gap and help corporate buyers support all...
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October 15, 2021, 07:50 AM
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eCapital has named Jeffrey Duclow as Senior Vice President, Business Development Officer. Duclow brings more than 30 years of expertise providing working capital financing to staffing companies.In this role, Duclow will be responsible for new...
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September 27, 2021, 07:22 AM
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White Oak Global Advisors (“White Oak”) has completed the acquisition of Finacity Corporation (“Finacity”) a global leader in working capital and trade finance funding solutions to global businesses. Finacity originates, structures and places over...
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September 21, 2021, 08:03 AM
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Siena Lending Group LLC Announced the Closing of a $20.0 Million Revolving Credit and Term Loan Facility for Deleet Merchandising Corporation. The facility was used to refinance the company's existing senior debt and support their working capital...
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March 12, 2019, 08:09 AM
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PNC Bank, National Association, has closed a $140 million senior secured credit facility to support Maryland-based Ames Watson’s acquisition of Lids Sports Group (LSG). PNC Bank served as administrative agent.Founded in 1992, Indianapolis-based LSG...
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February 22, 2019, 08:00 AM
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Encina Business Credit, LLC (EBC) announced that it has provided a $25 million asset-based revolving credit facility to an electronic device repair company. The credit facility consists of a working capital revolver secured primarily by accounts...
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February 21, 2019, 07:08 AM
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Oxford Finance LLC (Oxford), a specialty finance firm that provides senior debt to life sciences and healthcare services companies, today announced the closing of a $43.3 million term loan and line of credit to Continuing Healthcare Solutions, Inc....
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February 13, 2019, 07:26 AM
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MB Business Capital, a division of MB Financial Bank, N.A., announced it acted as sole lender and administrative agent on the funding of an $11,880,000 senior credit facility to Nampa, Idaho-based Off-Spec Solutions. Off-Spec Solutions is an over-the...
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February 08, 2019, 07:18 AM
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PNC Bank, National Association, announced the closing of a $50 million senior secured credit facility for C.A. Advanced, Inc (C.A. Advanced).
Headquartered in Wakarusa, IN, C.A. Advanced – along with its wholly owned subsidiary ARC American, Inc. –...
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January 31, 2019, 08:08 AM
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Amerisource Business Capital announced the closing and funding of a $3,500,000 credit facility for a wholesale fuel distribution company based in Texas. Proceeds of the facility will be used for working capital and to support continued...
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January 16, 2019, 07:00 AM
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Amerisource Business Capital announced the closing and funding of a $500,000 credit facility for a mechanical repair and service company based in Texas. Proceeds of the facility will provide working capital to support growth.
Justin Carter, Regional...
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January 15, 2019, 07:00 AM
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Super G Capital has provided a $3.3 million bridge loan to a privately owned portfolio of commercial and residential real estate totaling $300 million in value.
The client is a successful retail entrepreneur who diversified his wealth into real...
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January 11, 2019, 08:08 AM
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Encina Business Credit, LLC (EBC) announced that it has provided a $30 million senior secured credit facility to a transportation services company. The financing, which is comprised of a revolving line of credit, will be used to repay existing senior...
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January 08, 2019, 07:06 AM
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White Oak Healthcare Finance, LLC announced it acted as sole lender and administrative agent on the funding of a $161 million senior credit facility for Allegiant Healthcare and Hillstone Healthcare, Inc.. The funds were used to acquire and provide...
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January 03, 2019, 08:16 AM
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Amerisource Business Capital announced the closing and funding of a $4,000,000 credit facility for an oil field services company based in Oklahoma. Proceeds of the facility are being used for working capital and growth financing.Andy Allaire...
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January 03, 2019, 08:01 AM
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Siena Lending Group LLC announced the completion of a $6.0 million revolving credit facility for uSell.com, Inc. The facility was used to refinance the company's existing senior debt and to support the company’s growth plans and working capital needs...
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November 29, 2018, 07:03 AM
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Second Avenue Capital Partners, LLC, announced the closing of a $20,000,000 asset based credit facility to help fund the purchase and on-going working capital needs of a new entity under the banner of Fallas Stores. This new facility was integral to...
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November 27, 2018, 07:04 AM
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MidCap Financial announced it has provided a $14 million senior credit facility to a managed print services company. In Q3 2018, a private equity group made a significant investment in the Company. In conjunction with the private equity group’s...
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November 27, 2018, 07:00 AM
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Rosenthal & Rosenthal, Inc., an independent factoring, asset based lending and purchase order financing firm in the U.S., and Gordon Brothers, the global advisory, restructuring and investment firm, announced the completion of a joint financing deal...
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October 23, 2018, 08:11 AM
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Chicago-based lender, Loeb Term Solutions announced the graduation of a Midwest Gear Manufacturer after having provided an equipment term loan back in early 2017 to help with the acquisition of the company. The company, a manufacturer of gears used...
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October 12, 2018, 07:12 AM
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Ryder System, Inc., a provider of commercial fleet management, dedicated transportation, and supply chain solutions, announced that it has established a new $1.4 billion five-year global revolving credit facility which will expire on September 27...
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October 05, 2018, 07:21 AM
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ShotSpotter, Inc. entered into a Credit Agreement with Umpqua Bank, which the Company intends to use for general working capital purposes. The Umpqua Credit Agreement allows the Company to borrow up to $10.0 million under a revolving loan facility...
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October 03, 2018, 07:19 AM
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MidCap Business Credit announced that it has completed an $8.5 million asset based credit facility to Elastic Fabrics of America, Inc. Elastic Fabrics, headquartered in Greensboro, North Carolina, is manufacturer of textile goods selling into the...
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September 20, 2018, 07:05 AM
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Encina Business Credit, LLC (EBC) announced that it has provided a senior secured credit facility to Associated Steel Group, LLC and certain of its subsidiaries.
The financing, which is comprised of a revolving line of credit and two term loans...
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September 13, 2018, 07:21 AM
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Ares Commercial Finance announced that it has provided an $11 million senior secured revolving line of credit to Fanzz Gear, Inc. (Fanzz). Headquartered in Salt Lake City, Utah, Fanzz is a leading brick-and-mortar and online retailer of licensed...
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August 03, 2018, 07:04 AM
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BlueVine announced it has raised another $12 million from new investors, M12, Microsoft’s venture fund, and the venture arm of insurance and financial services provider, Nationwide.The announcement comes eight weeks after BlueVine, a provider of...
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August 01, 2018, 07:15 AM
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Celestica Inc., a provider of design, manufacturing and supply chain solutions, announced that it has entered into a new $800 million credit facility established pursuant to a credit agreement with a syndicate of lenders and Bank of America, N.A. as...
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June 28, 2018, 07:13 AM
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TD Ameritrade Clearing, Inc., a wholly-owned subsidiary of TD Ameritrade Holding Corporation, entered into a Credit Agreement with the lenders party thereto, led by Wells Fargo Securities, LLC, Barclays Bank PLC, Citibank, N.A., JPMorgan Chase Bank...
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May 22, 2018, 07:30 AM
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World Business Lenders (WBL), a provider of working capital to small businesses across the United States, announced that it has secured a new multi-draw credit facility to supplement its facilities with other institutions. The lender to this facility...
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May 15, 2018, 07:12 AM
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Apergy entered into a new credit agreement consisting of a seven-year senior secured term loan B facility and an undrawn five-year senior secured revolving credit facility with JPMorgan Chase Bank, N.A. as administrative agent.The proceeds of the...
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May 11, 2018, 07:10 AM
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Siena Lending Group LLC announced the completion of a three-year $10 million revolving credit facility for Shale Support Holdings, LLC to provide additional working capital to support the growth of their business. Headquartered in Picayune, MS, Shale...
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May 01, 2018, 07:13 AM
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Hitachi Business Finance, a division of Hitachi Capital America Corp., recently participated in five syndicated transactions and provided two A/R financing facilities for a total of $74.2 million.As participants in syndicated transactions, Hitachi...
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April 25, 2018, 07:07 AM
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PNC Bank, N.A., announced the closing of $33 million of senior secured credit facilities for Motley Services, LLC (Motley), a portfolio company of Irving, Texas-based District 5 Investments, L.P. Headquartered in Odessa, TX, Motley will use the funds...
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April 24, 2018, 07:26 AM
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Technical Consumer Products, Inc., a global manufacturer and distributor of energy efficient lighting technologies, announced that it has closed a $45 million credit facility with Encina Business Credit, LLC.
TCP put in place this new credit...
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April 18, 2018, 07:16 AM
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White Oak Global Advisors, LLC on behalf of its institutional clients, announced that it has partnered with C2FO, the world’s largest market for working capital, to offer new and innovative receivable financing options to C2FO’s extensive network of...
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April 13, 2018, 07:09 AM
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Lendr, a provider of flexible working capital to small- and medium-sized businesses, specializing in business finance and factoring solutions, announced the closing of a $25 million senior credit facility. MidCap Financial Trust served as the...
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March 22, 2018, 07:12 AM
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Santander Bank announces that its Asset Based Lending group has closed a $10 million senior secured revolving line of credit with Janel Group, Inc. to support its growing working capital needs. Janel Group provides full-service cargo transportation...
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March 13, 2018, 07:09 AM
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MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new $23,000,000 senior credit facility to La Porte, Indiana-based NRP Jones, LLC. NRP, founded in 1945, is a manufacturer of hydraulic, industrial, and...
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February 09, 2018, 07:18 AM
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Ares Commercial Finance announced that it has provided a $21 million senior secured credit facility to Conner Industries, Inc., which includes an $18 million revolving line of credit and a $3 million real estate term loan. Proceeds of the financing...
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January 16, 2018, 07:15 AM
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Hitachi Business Finance, a source of opportunity for entrepreneurs seeking solutions beyond traditional lending, is celebrating its most successful year yet, having provided $139 million in working capital financing to companies of all sizes across...
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January 11, 2018, 07:30 AM
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Super G provided a $2 million working capital loan to a sponsor-backed provider of employee healthcare management services.The company was seeking additional working capital for seasonality around Q4 employee enrollment, to cushion to continue growth...
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January 11, 2018, 07:25 AM
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Citizens Bank announced that Citizens Commercial Banking has provided a $25 million credit facility to Newington, NH-based SEA-3, LLC, a liquefied petroleum gas wholesale storage and distribution terminal operator located on the Piscataqua River and...
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December 20, 2017, 08:00 AM
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Essex Capital Group, Inc. announced that the firm recently arranged a $14,986,000 term debt capital raise for two affiliated vegetable packing houses located in the Southeastern U.S. The new loan facilities allowed the Company to consolidate its debt...
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December 07, 2017, 07:11 AM
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CME Group Inc., an American financial market company operating a options and futures exchange, entered into a new multi-currency revolving credit facility with each of the banks from time to time party thereto; Bank of America, N.A., as...
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November 28, 2017, 07:09 AM
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Sterling National Bank provided senior secured credit facilities totaling $17,000,000 to Cellucap Manufacturing Co. Established in 1954, and headquartered in Philadelphia, Cellucap manufactures a full range of disposable protective headwear and...
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November 14, 2017, 07:16 AM
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East West Bank announced that it served as Lead Bank and Administrative Agent for a three-year, $50 million fully conforming ABL revolving line of credit. iGPS Logistics LLC used the facility to refinance its previously existing debt and fund the...
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November 03, 2017, 07:16 AM
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After less than four months, True Religion Brand Jeans has emerged from Chapter 11 Bankruptcy following negotiations with its key stakeholders, under a Plan of Reorganization approved by the Delaware Bankruptcy court on October 5, 2017.True...
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October 30, 2017, 07:40 AM
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The Brink's Company announced the closing of a $1.5 billion credit facility that includes a $1.0 billion senior secured revolving credit facility and a $500 million senior secured term loan A. Loans under the revolver and term loan mature in 2022 and...
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October 23, 2017, 07:20 AM
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Ares Commercial Finance announced that it has provided a $30 million senior secured revolving line of credit to Cornerstone Research & Development, Inc. d.b.a Capstone Nutrition. Proceeds of the financing were used to refinance the company’s...
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October 16, 2017, 07:15 AM
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Merchant Advance Capital, and expert financing and tax consultant, Garron Helman have launched a joint venture called Venbridge to provide unique venture debt and consulting services to Canadian small and medium enterprises. After completing a few...
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September 27, 2017, 07:17 AM
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ExWorks Capital provided $10 million in working and growth capital to a U.S.-based firm that provides services to the oil and gas industry.
The Ohio-based company was formed in 2016 to service the oil and gas industry. The company performs...
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September 22, 2017, 07:00 AM
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Encina Business Credit, LLC (EBC) announced that it has provided a $12 million senior secured credit facility to a distributor of specialty steel products based in the southern U.S. The financing, which is comprised of a revolving line of credit and...
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September 18, 2017, 07:23 AM
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Hitachi Business Finance, a source of opportunity for entrepreneurs seeking solutions beyond traditional lending, recently provided $28.75 million to six growing U.S. companies seeking working capital solutions:
$20 million participation...
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September 15, 2017, 07:07 AM
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MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new $9,000,000 senior credit facility to Eden Prairie, Minnesota-based Logic PD, Inc. Logic PD is an Electronics Manufacturing Services (EMS) and Product...
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August 30, 2017, 07:00 AM
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Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a $14 million asset-based facility to refinance the existing debt facility and provide working capital for PetEdge, Inc. Founded in 1956 and based...
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August 24, 2017, 07:00 AM
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TAB Bank announced it has provided a $1 million revolving credit facility for an active eyewear company located in California. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital...
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August 23, 2017, 07:00 AM
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Shutterfly, Inc., an online photo publishing company, has entered into a Credit Agreement by and among the Company, the lenders from time to time party thereto, and Morgan Stanley Senior Funding, Inc., as administrative agent and collateral agent...
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August 18, 2017, 07:44 AM
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PayPal Holdings announced that it is acquiring small-business lender Swift Financial to bolster its Working Capital business. Terms of the transaction were not disclosed. PayPal Working Capital launched in 2013 and has provided access to more than $3...
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August 11, 2017, 09:00 AM
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MB Business Capital, a division of MB Financial Bank, N.A., announced it recently provided a new $15.275 million senior credit facility to Schiller Park, Illinois-based Midland Stamping and Fabricating Corporation. Midland is a full-service provider...
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August 07, 2017, 07:12 AM
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Citizens Bank announced that Citizens Commercial Banking has provided a new $35 million credit facility to Cranston, R.I.-based Luxury Brand Holdings, Inc., a specialty retailer of fine jewelry which operates under the “Ross-Simons” and “Sidney...
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August 03, 2017, 07:06 AM
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Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a $25 million asset-based facility to refinance the existing debt facility and provide working capital for Betteridge Jewelers, Inc. Founded in...
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July 26, 2017, 07:31 AM
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PNC Bank announced that it closed a $26 million senior secured credit facility for Tennessee Valley Recycling (TVR), based in Decatur, Alabama.
PNC Bank serves as administrative agent. TVR will use the funds to refinance existing senior bank debt...
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July 26, 2017, 07:08 AM
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Strongbridge Biopharma plc, a global commercial-stage biopharmaceutical company focused on the development and commercialization of therapies for rare diseases with significant unmet needs, announced that it has entered into a $50 million senior...
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July 17, 2017, 07:17 AM
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OnSSI announced the completion of a $16 million private placement by Seacoast Capital, an institutional investor focused on high quality companies based in the U.S., with Imperial Capital acting as financial advisor and placement agent.“The financing...
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July 13, 2017, 07:11 AM
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Fora Financial, a leading provider of working capital to small businesses, announced that the company and its senior secured lenders have reached an agreement to increase the aggregate commitments under its revolving credit facility to $66.5 million...
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July 11, 2017, 07:21 AM
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More small and medium-sized U.S. businesses report working capital challenges in the last three months than during any other period in the last five years, according to new results from the second quarter 2017 Private Capital Access (PCA) Index...
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July 06, 2017, 08:00 AM
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Elysium Health, Inc., a NYC-based consumer health company developing scientifically-sound dietary supplements, secured a $5 million credit facility. Silicon Valley Bank (SVB) provided the financing.The working capital line of credit can be used for...
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June 30, 2017, 07:11 AM
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Fortress Transportation and Infrastructure Investors LLC entered into the credit agreement with a syndicate of lenders, including JPMorgan Chase Bank, N.A., as administrative agent.
The Credit Agreement provides for revolving loans to be made...
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June 26, 2017, 07:38 AM
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Bridge Bank announced it has provided MediaAlpha with a new $20 million credit facility, specifically a $5 million term loan and $15 million line of credit along with a range of customizable products and services. The facility and services will...
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June 20, 2017, 07:16 AM
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Bridge Bank and ORIX Growth Capital announced that the firms have provided Revolution Foods with a revised accounts receivable line of credit facility from Bridge Bank alongside a venture term loan shared by Bridge Bank and ORIX. Revolution Foods is...
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June 08, 2017, 07:18 AM
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Marquette Business Credit recently funded three new clients with new commitments totaling more than $31 million. These new clients include Artcobell Corp., a designer and manufacturer of K–12 educational classroom furniture; Castwell Products LLC, a...
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May 31, 2017, 07:17 AM
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The Trade Desk, Inc., a provider of a global technology platform for buyers of advertising, announced that it has entered into a $200 million, 5-year senior secured credit facility. Citibank N.A., acted as lead arranger and administrative agent, with...
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May 11, 2017, 07:18 AM
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DynTek, Inc., a provider of professional technology services, and Wells Fargo Capital Finance, part of Wells Fargo & Company, announced the companies have entered into a new three-year $50 million revolving line of credit and commercial banking...
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April 27, 2017, 07:30 AM
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Comvest Capital has provided $30 million in financing to ClearOne Advantage. Based in Baltimore, ClearOne is a debt resolution services provider.Comvest Partners, through its lending strategy, Comvest Capital, has acted as administrative agent in a...
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April 25, 2017, 07:50 AM
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Super G provided a $2.5 million second lien credit facility to a venture capital-backed subscription e-commerce brand.The funding will be used for working capital. The company is in growth mode, rolling out direct-to-consumer brands in addition to...
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April 20, 2017, 07:10 AM
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Business Capital has structured and secured a $17 million asset based capital facility for Sol Acceptance, a finance company that has been purchasing automobile loans from approximately 30 dealerships in California since 2014.The management team has...
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April 19, 2017, 07:18 AM
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Deerfield Management Company announced that it has committed to provide up to $170 million to Endologix, Inc. in a combination of senior secured notes and a working capital facility. Endologix is a marketer and developer of innovative, minimally...
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April 06, 2017, 07:13 AM
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Quick Bridge Funding recently closed a $35 million credit facility with a Southern California bank. The financing will be used to expand Quick Bridge Funding’s short-term working capital loan programs.Quick Bridge Funding provides short-term term...
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June 16, 2014, 07:26 AM
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