CapitalPlus Financial Services recently supported a Philadelphia-based masonry contractor with a $560,000 factoring facility. This funding provides critical working capital, enabling the contractor to take on larger, more profitable contracts that...
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November 20, 2024, 07:00 AM
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Rosenthal & Rosenthal announced the completion of an asset-based lending transaction and a factoring transaction totaling $5 million. A well-established handbag and accessories business that had historically been focused in the wholesale channel...
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November 14, 2024, 07:30 AM
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The Hedaya Capital Group recently provided a $750,000 factoring facility to an established staffing company based in New Jersey but operating nationwide. The Disability-Owned Business Enterprise (DOBE) provides temporary business professionals for...
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November 08, 2024, 07:00 AM
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eCapital Corp. completed a $50 million confidential factoring facility for a prominent staffing company specializing in power and energy. The company, which utilizes advanced technology and a client-centric strategy to simplify hiring and attract top...
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October 21, 2024, 08:00 AM
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eCapital reported strong progress in its Factoring division, surpassing $205 million in funding commitments year-to-date. This benchmark reflects eCapital’s ability to provide essential capital to clients across a wide range of industries to support...
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October 04, 2024, 08:04 AM
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Overall healthy factoring demand, while less than anticipated due to weaker spending in key client sectors, suggests that the factoring industry is agile, resilient and open to new business. In line with that, the Secured Finance Network (SFNet)...
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October 02, 2024, 07:48 AM
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Advantage Business Capital funded a $2.5MM invoice factoring facility for Houston, Texas area scaffolding, painting, welding, and machining business. Advantage’s $2.5MM factoring facility is an overline to an existing $15MM LOC in place with a...
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October 02, 2024, 07:00 AM
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SLR Investment Corp. announced that on September 27, its wholly-owned portfolio company, SLR Business Credit (“SLR-BC”) acquired an asset-based factoring portfolio and operations from Webster Bank’s Commercial Services Division (“Webster”) in an...
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October 01, 2024, 08:17 AM
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Commercial Finance Partners (CFP) announced the recent funding of four new factoring facilities, each addressing the specific financial needs of our growing client base. These transactions highlight CFP’s expertise in navigating complex situations to...
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September 16, 2024, 07:43 AM
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Tradewind Finance announced credit facilities for two trading companies based in Bulgaria that specialize in fertilizer products. The facilities are providing working capital for growth and expansion.Tradewind’s factoring solutions are used by...
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September 09, 2024, 07:20 AM
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As the world has returned to in-person events, companies that support these events are experiencing growth and demand for their services. A construction company that builds and stages venues for large conferences recently approached a factoring...
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September 06, 2024, 07:47 AM
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nFusion Capital was able to assist two apparel companies along their growth trajectory recently. Alexandra Scoggin, nFusion’s Senior Executive Vice President, has deep expertise in the apparel industry and has spent two decades working with...
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September 05, 2024, 07:42 AM
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First Business Bank's Accounts Receivable Financing group announced the funding of a $2 million factoring facility for a facility services provider. This new client provides various maintenance services for corporate clientele.“We are pleased to be...
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August 30, 2024, 07:56 AM
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CapitalPlus Financial Services successfully onboarded a California-based technology installation company. The company, previously partnered with another factoring firm, faced potential disruptions when their former provider ceased funding businesses...
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August 21, 2024, 07:01 AM
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Tower Partners, a lower-middle market investment bank with a focus on family, founder, and entrepreneurial-led businesses, has successfully executed the sale of REV Capital’s U.S. transportation factoring portfolio to the financial services division...
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August 16, 2024, 07:11 AM
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eCapital announced a new $20 million non-notification factoring facility for a large private transportation company servicing clients across North America. This transaction showcases eCapital's capability to support fleets with substantial working...
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August 01, 2024, 07:19 AM
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Rosenthal & Rosenthal completed a joint recourse factoring and purchase order financing deal. A global ski equipment and accessories brand with a presence in the U.S., Canada and Europe, and an existing Rosenthal recourse factoring client, was in...
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July 25, 2024, 07:56 AM
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Client: Texas-based Lone Star Pipe Services, LLC, is a family-owned and operated business specializing in industrial coatings. They offer a wide range of services, including a range of coatings, pipe restoration, repairs and storage. A start-up...
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July 17, 2024, 07:42 AM
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eCapital Corp. successfully facilitated a $3 million confidential factoring line of credit for a consortium of companies providing critical services to the mining sector across Canada. This strategic financing initiative highlights eCapital’s...
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July 12, 2024, 07:14 AM
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The International Factoring Association (IFA) announced four new members have been added to the IFA Advisory Board for a two-year term. The Advisory Board plays a pivotal role in the IFA’s operations, offering strategic counsel and specialized...
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July 10, 2024, 07:27 AM
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Rosenthal & Rosenthal completed two asset-based lending transactions totaling $7.5 million and one collection factoring facility. A California-based company that designs, markets and distributes holiday and special occasion gift sets was seeking a...
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July 09, 2024, 07:45 AM
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eCapital upsized an invoice factoring facility for a fast-growing startup food distributor specializing in supplying high-quality food products to Mexico. Demonstrating the agility of its financing solutions, eCapital increased the invoice factoring...
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June 21, 2024, 07:00 AM
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White Oak Commercial Finance (“WOCF”), an affiliate of White Oak Global Advisors, upsized a $10 million factoring facility to a leading worker management software company by an additional $15 million. The now $25 million factoring facility will serve...
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June 18, 2024, 08:00 AM
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Rosenthal & Rosenthal completed two factoring transactions totaling $6.5 million and $25 million in factoring volume. A New Jersey-based home goods and apparel company was looking to establish a new product line that would be sold to major retailers...
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June 13, 2024, 07:45 AM
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Rosenthal & Rosenthal completed a $2 million recourse factoring deal for a disabled veteran-owned business focused on providing staffing to local and state agencies. The New York-based firm was unable to increase its existing line of credit to...
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June 12, 2024, 07:49 AM
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eCapital Corp. funded a $15 million factoring facility for a world-leading technology firm in the transportation industry. This transaction underscores eCapital’s commitment to supporting high-growth companies facing the challenge of single-debtor...
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June 12, 2024, 07:32 AM
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Silicon Valley Bank (SVB), a division of First Citizens Bank, along with lending partner Trinity Capital, provided a $63 million warehouse facility to Denim, a technology-forward factoring partner for freight brokers. The financing, offered by SVB's...
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May 31, 2024, 08:01 AM
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eCapital funded a $3.5 million factoring facility for an esteemed book publishing company. This transaction reinforces eCapital's commitment to delivering competitive finance solutions and demonstrates the expertise of its dedicated team in...
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May 22, 2024, 07:48 AM
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The Hedaya Capital Group provided a $1 million factoring facility to a footwear company that created a new category in the space with a shoe that sits at the intersection of the driving loafer and the boat shoe. Based in Dallas, the lightweight...
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May 22, 2024, 06:00 AM
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Franklin Capital completed two $1,000,000 factoring facilities:
$1,000,000 Factoring Facility to an IT Supply Staffing Company - The company experienced strong revenue growth in the UK, and its US subsidiary is expected to follow suit quickly. The...
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May 15, 2024, 07:00 AM
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First Citizens Bank announced that its CIT Commercial Services subsidiary has named Jason Goldberg as a regional sales manager dedicated to increasing new business in the Northeast.Goldberg will be responsible for managing a team of business...
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May 09, 2024, 07:45 AM
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eCapital Corp. closed a $3.5 million confidential factoring facility to a heritage Canadian Organic Food Manufacturer. With a legacy spanning over 40 years, the manufacturer, once the pioneering brand in its category, sought to revitalize its...
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May 08, 2024, 07:30 AM
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FGI Worldwide announced that ExpoCredit Financial Group (“ExpoCredit”), a leading invoice factoring company since 1998, has selected FGI’s T.R.U.S.T.™ platform to automate the monitoring, managing and maintenance of internal and client-held credit...
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April 30, 2024, 07:00 AM
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Altriarch Asset Management, a private credit manager headquartered in Charleston, South Carolina, continues to redefine the landscape of factoring with its innovative and bespoke financing solutions in 2024. Through its wide variety of financing...
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April 29, 2024, 07:00 AM
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While lenders experienced subdued demand for factoring in 2023, reflecting soft consumer retail spending and a cautious retailer approach to inventory management, the Secured Finance Network (SFNet) Year-End Factoring Survey found that overall...
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April 24, 2024, 07:00 AM
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The Hedaya Capital Group provided a $5 million factoring and purchase order financing facility to a New York City-based clothing designer and manufacturer which offers a collection of brands. Drawing inspiration from travel around the world, the...
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April 15, 2024, 07:19 AM
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The International Factoring Association (IFA), in conjunction with the IFA NEXGEN Committee, announced the winners of the inaugural NEXGEN Awards. The award categories were announced in January 2024 to celebrate talented individuals who had...
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April 04, 2024, 07:25 AM
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Alpine Ridge Funding announced a $2.5 million factoring facility for a healthcare service provider based in Georgia. The company was seeking a new lender to support their ongoing working capital needs. Alpine Ridge Funding was able to offer a higher...
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April 02, 2024, 06:00 AM
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The Hedaya Capital Group provided a $1 million factoring and inventory financing facility to a distributor of bedding and home goods.Based in New York City and operating for 28 years, the Company imports bedding and other home textile products from...
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March 04, 2024, 05:00 AM
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When a California-based fabric manufacturer sought a factoring partner that could fully approve its customers, they believed that Republic Business Credit would help safely grow their business. The company, established in 2020, is the most recent...
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February 21, 2024, 07:00 AM
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Rosenthal & Rosenthal announced the completion of two recourse factoring transactions, totaling $5 million along with an additional $2 million purchase order financing facility. A New Jersey-based logistics company wanted to take advantage of a new...
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February 15, 2024, 07:55 AM
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Culain Capital Funding provided a $3,500,000 accounts receivable factoring facility for a mechanical services company based in Houston, TX. Specializing in HVAC, refrigeration, electrical and plumbing services, the client is a relatively new company...
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February 06, 2024, 07:40 AM
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Triumph, a member of the Triumph Financial portfolio of brands and a provider of working capital financing solutions to the transportation industry, announced the appointment of Kim Fisk as EVP, Chief Operating Officer (“COO”) of its factoring...
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January 31, 2024, 08:02 AM
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Culain Capital Funding provided a $3 million accounts receivable factoring facility to a mechanical services company based in NY. The client, a veteran and minority-owned business with aspirations for growth, saw an opportunity to achieve that...
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January 26, 2024, 07:00 AM
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First Business Bank's Accounts Receivable Financing team funded a $5 million ledgered line Factoring facility to a client operating as a carrier in the transportation sector. The facility includes an additional $5 million accordion piece for future...
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January 19, 2024, 07:15 AM
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Culain Capital Funding provided an Ohio based food company, a $250K purchase order financing and accounts receivable factoring facility. The client, a start-up purveyor of local artisan foods with the goal of distributing their products on a...
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January 16, 2024, 06:00 AM
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eCapital appointed Kash Ahmad as Chief Credit Officer, Factoring Group. In this critical role, Ahmad, an experienced global finance expert, will be responsible for overseeing the credit and operational functions of the Company’s North American...
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January 11, 2024, 08:01 AM
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Quasar Capital Partners, a diversified asset-based lender and factor based in Austin, TX, closed a new senior $30 million lending facility and an accordion feature to $40 million with Texas Capital to further expand its funding capabilities.John...
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January 10, 2024, 07:58 AM
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Gateway Commercial Finance concluded an $800K Debtor in Possession (DIP) factoring arrangement for a long-standing Midwest Distributor, which has been a family-owned business for over 20 years. This distributor faced a significant drop in revenue due...
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January 05, 2024, 07:00 AM
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Fourshore Partners announced its acquisition of Power Funding, a premier factoring company focused on the oil & gas and transportation industries.Power Funding provides working capital to the oil & gas and trucking industries through the purchase of...
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January 02, 2024, 07:59 AM
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Rosenthal & Rosenthal completed two Midwest-based transactions, including a $1 million asset-based lending facility and a $3 million non-recourse factoring facility. An Ohio-based manufacturer and distributor of organic breakfast bars, previously...
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December 20, 2023, 08:00 AM
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Rosenthal & Rosenthal announced the completion of 23 individual transactions in the second half of 2023, totaling roughly $600 million in volume and $90 million in loans. The various financing facilities will help clients across a multitude of...
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December 19, 2023, 08:00 AM
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The International Factoring Association (IFA) announced new membership categories and benefits that better align with the diverse needs of members. Starting January 1, 2024, companies not directly engaged in providing factoring services will be...
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December 19, 2023, 07:00 AM
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Altriarch Specialty Finance Fund, a leading private credit manager based in Charleston, South Carolina, recently provided $43.5 million in committed capital to specialty finance lenders across the U.S. Altriarch offers flexible capital solutions in...
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November 07, 2023, 08:18 AM
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eCapital Corp. announced the appointment of David Gladu as President, Head of Factoring Group, North America. In the new role, Gladu will lead the expansion and advancement of eCapital's substantial factoring portfolio and divisional...
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October 24, 2023, 08:09 AM
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Alpine Ridge Funding, a factoring commercial finance company, announced its official launch. Strategically backed with equity from Mountain Ridge Capital, Alpine Ridge is focused on originating, underwriting, and managing factoring facilities from...
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October 18, 2023, 08:07 AM
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The factoring sector began 2023 on a positive note and has continued to show resilience in an uncertain economy, according to the MidYear Factoring Industry Survey, released by the Secured Finance Network (SFNet). The survey included the Factoring...
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October 17, 2023, 07:55 AM
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FCI announced that Neal Harm will succeed Secretary General, Peter Mulroy.Neal is a US national and joins FCI from Fintainium, where he served as Chief Operating Officer. Beforehand he was Managing Director, CIT Commercial Services overseeing...
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October 09, 2023, 07:30 AM
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Based in Florida, Sullivan Commercial Painting, Inc. offers a full range of commercial painting services, from a small renovation to a warehouse or an entire roll-out. They have highly trained crews placed strategically across the country to respond...
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October 03, 2023, 06:00 AM
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Altriarch Asset Management, a South Carolina-based private credit asset manager, announced its new structured capital investment strategy (the “New Strategy”). The New Strategy will deploy capital to factors and asset-backed lending companies...
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September 28, 2023, 08:04 AM
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Rosenthal & Rosenthal completed two factoring transactions by its West Coast office. An Arizona-based home goods and bedding company operating through wholesale channels, both domestically and internationally, was facing several challenges in the...
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September 27, 2023, 07:47 AM
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nFusion Capital announced they have sold their transportation factoring portfolio to a leading provider of factoring services for motor carriers and owner-operators. This strategic decision will enable the Company to focus on growing their core...
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September 22, 2023, 08:00 AM
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Breakout Capital, a leading fintech company simplifying access to term loans for small businesses, announced the successful merger of 12Five Capital, a Chicago-based commercial finance company with a focus on factoring, purchase order financing and...
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September 18, 2023, 08:02 AM
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Rosenthal & Rosenthal announced that Feride Bennett has joined Rosenthal as VP Business Development Officer of its International Factoring Division. Bennett brings over 25 years of domestic and international factoring experience in senior executive...
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September 14, 2023, 07:59 AM
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Rosenthal & Rosenthal announced the completion of a recent $25 million recourse factoring deal for a private equity-owned pharmaceutical and healthcare products company. The company is focused on developing drug-device combination products in the...
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September 06, 2023, 08:03 AM
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Versant Funding funded a $2,400,000 factoring facility for a commercial bakery. Versant's Non-Recourse Factoring Facility will give the company the financial tools it needs to expand its marketing efforts and increase its market share. Versant...
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August 31, 2023, 05:00 AM
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Culain Capital Funding completed two separate $1,500,000 million accounts receivable Factoring and purchase order facilities.The first $1.5MM facility is with a Connecticut-based global distributor of medical supplies and the second facility of...
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August 30, 2023, 07:00 AM
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A women-owned, Los Angeles-based women’s apparel manufacturing company recently sought funding to meet building demand. They chose Republic Business Credit to support their growth and Republic provided a $1,000,000 traditional factoring facility to...
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August 22, 2023, 07:00 AM
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eCapital closed a $6MM confidential factoring agreement with a rapidly growing paratransit and assisted mobility business. The Virginia-based corporation encountered challenges in finding a funding partner capable of keeping up with its expansion...
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August 21, 2023, 07:34 AM
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eCapital Corp. announcesd a key addition to its leadership team. Thomas Siska has accepted the role of Senior Vice President (SVP), Head of Factoring, further strengthening eCapital's commitment to securing top-tier talent and enhancing its market...
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August 15, 2023, 08:03 AM
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CapitalPlus Financial Services successfully funded a $650,000 factoring solution for a Houston, Texas-based subcontractor. This strategic financing underscores CapitalPlus' unwavering commitment to aiding the financial success and growth of...
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August 10, 2023, 07:31 AM
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White Oak Commercial Finance, an affiliate of White Oak Global Advisors provided a $20 million factoring facility to a leading telecommunications company. The facility will allow the company to continue its growth and its supplying of tablets and...
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August 09, 2023, 07:58 AM
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Tradewind Finance, an international trade finance firm with headquarters in Germany, has successfully entered the bunker market, delivering a USD 2 million credit facility for an international bunker trader.Bunkering, or the process of replenishing a...
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July 24, 2023, 07:00 AM
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Garrington Group of Companies announced the formation of Baker Garrington, a new wholly owned subsidiary created to expand its ability to respond to working capital challenges facing underserved small- to medium-sized businesses with practical and...
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July 21, 2023, 07:00 AM
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Culain Capital Funding completed a $4,500,000 factoring facility for a Florida-based Command and Control (C2) Equipment Reseller, Integrator and distributor in the defense industry.Brought to Culain by President, Jamie Franz, the Company is a service...
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July 14, 2023, 07:00 AM
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Culain Capital Funding completed a $200,000 and a $250,000 Accounts Receivable Factoring Facility with two startup medical staffing companies based in Texas. Referrals to Culain Capital from a commercial loan broker, the companies complex business...
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July 07, 2023, 07:00 AM
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The International Factoring Association (IFA) announced the addition of four members to its Advisory Board who will serve a two-year term. The Advisory Board has been responsible for assisting the IFA in broadening the public’s understanding of the...
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June 21, 2023, 07:38 AM
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Oxford Commercial Finance, a subsidiary of Oxford Bank, announced its Senior Vice President and Managing Director, Robyn Barrett, has been named incoming president of the American Factoring Association (AFA) for a two-year term.Barrett has been an...
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June 01, 2023, 07:55 AM
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Franklin Capital completed a $1,000,000 factoring facility for a UK-headquartered construction consultant. A UK-based construction consultant was working with Branta, a corporate finance advisory practice, to grow their US operations. They lacked the...
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May 23, 2023, 06:00 AM
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Accord Financial Corp. is now offering Canadian companies a fast and convenient way to obtain accounts receivables financing through the new AccordExpress Factoring Portal. The AccordExpress Factoring Portal offers financing between $500,000 and...
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May 01, 2023, 07:00 AM
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Ocean Bank’s Factoring Division financed a $10 million factoring facility to fund the expansion plans of a leading provider of offshore deep-water oil rig repairs. The client is well established in the market and has provided services to some of the...
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April 28, 2023, 07:28 AM
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Rosenthal & Rosenthal Southeast, a wholly-owned subsidiary of Rosenthal & Rosenthal, Inc., the leading factoring, asset based lending, purchase order financing, d2c and e-commerce inventory financing firm in the United States, today announced it has...
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April 20, 2023, 08:00 AM
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Rosenthal & Rosenthal completed two recent transactions in the beauty and apparel sectors, totaling $5.5 million. A fast-growing direct-to-consumer beauty and hair care brand based in Ohio was experiencing rising seasonal and holiday demand. To...
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April 20, 2023, 07:35 AM
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Republic Business Credit provided a $6.75 million factoring legered line of credit facility to a women and minority-owned government contractor, with an accordion up to $10 million.When the women and minority-owned government contractor secured an...
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April 18, 2023, 07:00 AM
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Culain Capital Funding completed a $2,000,000 Accounts Receivable Factoring Facility with a Specialized Healthcare Solutions Company.Mark Simshauser, Culain Capital Senior Vice President of Northeast Sales, originated and presented management with...
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April 12, 2023, 07:00 AM
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Ocean Bank announced its Factoring Division has closed and funded a new $5 million factoring facility to a rapidly growing distributor of recycled paper and cardboard. “The client had been self-financing its working capital requirements until now....
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April 10, 2023, 07:21 AM
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The Consumer Financial Protection Bureau (CFPB) has finalized the rule to implement changes made by Section 1071 of the Dodd-Frank Act that requires lenders to collect and report information about small business credit applications. The final rule...
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April 05, 2023, 07:51 AM
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Culain Capital Funding completed a $750,000 Accounts Receivable Factoring Facility with a privately-owned Specialty Maintenance and Welding Services Company. Through a referral to Culain Capital from a commercial loan broker, the company detailed...
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March 31, 2023, 07:00 AM
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White Oak Commercial Finance, an affiliate of White Oak Global Advisors, provided a $2 million non-recourse factoring facility to a wholesaler of contemporary men’s apparel.“As the apparel sector navigates continued market volatility, we are pleased...
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March 28, 2023, 07:51 AM
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Franklin Capital completed a factoring facility for a non-profit staffing firm. A former client reached out because they were experiencing cash flow difficulties similar to what previously led them to Franklin Capital. The non-profit staffing firm...
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March 17, 2023, 07:00 AM
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Rosenthal & Rosenthal completed a combined deal for a specialty foods company that includes a $3.5 million recourse factoring facility and a $2 million purchase order line. Based in the Southeast, the client is a provider of high-quality sous-vide...
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March 09, 2023, 07:35 AM
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Rosenthal & Rosenthal completed a recent $25 million factoring deal for an established and growing company in the juvenile products space. The Pennsylvania-based company manufactures a range of popular baby gear and other accessories and was looking...
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March 06, 2023, 08:00 AM
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Rosenthal & Rosenthal announced the completion of three recent transactions in the apparel and outdoor sectors, including a $1 million factoring deal for an outdoor apparel company, a $5 million asset-based loan for a growing apparel brand and a $1.5...
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March 02, 2023, 08:07 AM
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Rosenthal & Rosenthal announced the completion of two recent transactions, including a $35 million acquisition deal for a large consumer products importer and a combined $3 million purchase order financing and factoring deal to support an established...
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February 21, 2023, 07:54 AM
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CIT Commercial Services, a wholly-owned subsidiary of First Citizens Bank, closed a non-recourse factoring arrangement and $8 million senior secured facility for a Los Angeles-based company that sells men's and boys' clothing to retailers. CIT worked...
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February 16, 2023, 07:35 AM
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Culain Capital Funding closed a $3,000,000 accounts receivable factoring facility along with a $1,500,000 acquisition term note for a manufacturing company specializing in custom steel bar and bolting products.Culain Capital was well positioned and...
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February 09, 2023, 07:46 AM
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Gateway Trade Funding partnered with another lender to complete a facility consisting of stretch finance, factoring, and purchase order financing for a tech company.A technology business experiencing tremendous growth had just won a new large...
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February 07, 2023, 07:00 AM
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Versant Funding funded a $4.5 million non-recourse factoring transaction to a MedTech company which provides services to major hospitals and pharmaceutical companies.This venture capital funded business expects to receive an Employee Retention Credit...
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February 03, 2023, 07:14 AM
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F-Tranzacts Group announced the funding of $108.2 million in non-recourse factoring transactions to a tech company involved with the sale of software & hardware to media production companies based locally and internationally. The company will make...
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February 03, 2023, 06:00 AM
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Rosenthal & Rosenthal completed a pair of factoring transactions, including a $1.75MM domestic and international non-recourse factoring deal for a leading manufacturer of antimicrobial products and a $1.5MM non-recourse factoring deal for a wholesale...
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January 31, 2023, 07:50 AM
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First Business Bank announced its Accounts Receivable Financing team recently funded a $10 million Accounts Receivable Ledgered Line facility to a client operating as a transportation brokerage. “This transaction is an example of First Business...
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January 20, 2023, 07:20 AM
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Culain Capital Funding completed a $1,000,000 Accounts Receivable Factoring Facility with a startup Specialty Maintenance Staffing Company based in Texas. The specialty maintenance staffing company was started in 2022 to provide custom “stable...
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January 11, 2023, 07:00 AM
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White Oak Commercial Finance provided a $3 million factoring facility to a leading provider of temporary staffing and recruiting services with a more than 70 year history of family ownership successfully serving clients across the country.“We are...
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January 10, 2023, 07:58 AM
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Renasant Corporation announced that effective December 30, 2022, its wholly-owned subsidiary, Renasant Bank, has acquired Republic Business Credit (formally known as Continental Republic Capital, LLC) (“RBC”) in an all cash transaction. RBC is a...
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January 04, 2023, 08:00 AM
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Skyscend Capital, an Atlanta-based financial services firm, announced the appointment of Robert A. Zadek as President, effective January 1, 2023.Zadek is a nationally recognized expert in factoring, reverse factoring, supply-chain finance...
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December 27, 2022, 07:46 AM
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Culain Capital Funding, a specialty finance firm focusing on responsive and efficient funding solutions for small and medium sized business in the United States announces the completion of a $200,000 Accounts Receivable Factoring Facility with a new...
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December 19, 2022, 07:00 AM
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Axiom Bank has launched a new Commercial Finance Division headquartered in Dallas, TX. The new division will service businesses seeking Asset Based Lending, Factoring, and Equipment Financing credit facilities ranging from $2 million and greater and...
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December 14, 2022, 08:01 AM
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Triumph, a member of the Triumph Financial, announced the appointment of Tim Valdez as president of its factoring division. In this new role, Valdez will now oversee the strategic direction of Triumph’s factoring vertical.Prior to this promotion...
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December 14, 2022, 08:00 AM
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Culain Capital Funding completed a $250,000 Accounts Receivable Factoring Facility with a startup Medical Staffing Company based in Texas.A referral to Culain Capital from a commercial loan broker, the company’s complex business issue revolved around...
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December 08, 2022, 06:01 AM
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Viva Capital Funding announced the closing of $85.0 million in two bank credit facilities; consisting of $45.0 million for factoring and $40.0 million for land banking. This transaction follows a successful $18.5 million investment-grade rated...
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December 01, 2022, 06:00 AM
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The American Factoring Association (AFA) recently filed comments with the Office of General Counsel, New York State Department of Financial Services regarding proposed rulemaking implementing S 5470-B (23 NYCRR 600) or Disclosure Requirements for...
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November 22, 2022, 07:23 AM
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Factoring.io announced the launch of its invoice and accounts receivable factoring company and the unveiling of the company's new website. This new venture will provide small businesses with the financing they need to grow and fill the invoice...
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November 21, 2022, 07:16 AM
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This innovative CBD company needed growth capital but since most banks are unable to fund this industry, they started to explore alternative solutions. The company was working with a few large retailers but couldn’t get the funding needed in order to...
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November 21, 2022, 05:00 AM
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Bell Bank announces the launch of Bell Business Credit, a national specialty lending team providing asset-based lending and factoring services ideally suited for working capital intensive companies that generate $2 million to $120 million in annual...
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November 17, 2022, 08:00 AM
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Rosenthal & Rosenthal announced the completion of several factoring transactions that will help to address working capital needs, mitigate risk and support growth opportunities for clients across multiple sectors. The factoring transactions...
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November 09, 2022, 07:44 AM
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The American Factoring Association (AFA) announced the retirement of Allen Frederic, their first Board President and long-serving board member. Frederic was instrumental in the formation of the AFA in 2009 and served as Board President for twelve...
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October 17, 2022, 07:39 AM
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CIT Commercial Services, a subsidiary of First Citizens Bank, completed a $50 million factoring facility with a West Coast consumer technology firm. CIT worked closely with the client to create a unique factoring arrangement to provide the technology...
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October 13, 2022, 07:35 AM
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Accord Financial Corp. expanded their Canadian Asset Based Finance/Factoring senior management team to include Karim Habib as Managing Director, Business Development Ontario and Western Canada. His responsibilities will include expanding Accord's...
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October 12, 2022, 07:50 AM
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REV Capital appointed Daniel Stacy as Executive Vice President of Business Development for its Commercial Finance Division.Stacy is a highly accomplished business developer with over 15 years of experience and a proven track record of being able to...
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September 15, 2022, 08:05 AM
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Rosenthal & Rosenthal announced the completion of nearly a dozen transactions totaling roughly $35 million during the summer months of 2022. The various financing facilities will help to address working capital needs, mitigate risk and support growth...
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August 22, 2022, 07:31 AM
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CIT Commercial Services, a subsidiary of First Citizens Bank, completed a $75 million factoring facility on behalf of a consumer products wholesaler.CIT worked with the client to arrange a factoring facility to replace an existing asset-based lending...
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August 12, 2022, 07:00 AM
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The International Factoring Association (IFA) announced the addition of three members to its Advisory Board who will serve a two-year term: Lori Gustaf, President, FirstLine Funding Group; Gail Reints-Pratl, President, Sky Business Credit, LLC; and...
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July 14, 2022, 07:29 AM
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REV Capital announced a new Commercial Finance Division along with the appointment of Mark Dubs as President – Eastern Division.Mark Dubs is an industry veteran with more than 20 years of experience building highly profitable and diversified...
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July 07, 2022, 07:50 AM
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When a Los Angeles-based consumer packaged goods distributor sought funding to underpin its initial growth for spring orders, the company selected Republic Business Credit. Republic approved a scalable, traditional factoring facility to support the...
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June 29, 2022, 07:27 AM
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Republic Business Credit announced that Brian Daray has joined the company as Senior Vice President, Underwriting Manager, at its headquarters in New Orleans. Daray adds tremendous value to Republic’s ambitious growth plans as he leads the company’s...
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June 27, 2022, 07:57 AM
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When a California-based internet retailer and software company sought to refinance its existing bank facility, it chose Republic Business Credit.
Spiraledge, a leading internet retailer and healthy living company headquartered in Campbell, Calif....
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June 23, 2022, 07:10 AM
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Rosenthal & Rosenthal announced that Gene Walsh has joined Rosenthal as SVP, Business Development Officer in the firm’s Atlanta office.
Walsh brings more than 40 years of experience in the asset based lending (ABL) space. Before joining Rosenthal...
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June 22, 2022, 07:30 AM
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SellersFunding, a fintech provider for ecommerce sellers, announced the addition of two new products to its robust lineup of working capital products, Invoice Factoring and Purchase Order (PO) Financing.
Invoice Factoring and PO Financing support...
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June 20, 2022, 08:12 AM
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Viva Capital Funding, a leading invoice factoring specialty finance company, announced closed $18.5 million of Senior Secured Notes to a group of institutional investors. The transaction was assigned a BBB rating by a nationally recognized...
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June 14, 2022, 06:00 AM
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Rosenthal & Rosenthal announced that Peter Clement has joined Rosenthal as SVP International Factoring Business Development Officer. Clement brings more than 15 years of experience across the trade finance, commercial insurance and CPG sectors....
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June 06, 2022, 08:00 AM
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CIT, a division of First Citizens Bank, announced that its Commercial Services business has hired Brian Martin, an experienced banker with broad expertise in factoring and accounts receivable financing, as a regional manager leading CIT Commercial...
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June 02, 2022, 07:32 AM
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SLR Business Credit has announced that its subsidiary Fast Pay Partners has been rebranded as SLR Digital Finance (“SLRDF”). SLRDF provides asset-based loans and factoring facilities to ad tech and digital media businesses throughout the United...
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June 02, 2022, 07:00 AM
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First Corporate Solutions announced a significant new partnership with Decipher Credit. The collaboration will provide joint factoring clients a secure loan application portal that integrates critical due diligence actions and expedites the approval...
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May 04, 2022, 07:10 AM
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First Business Bank announces the funding of a $3 million accounts receivable factoring facility by its Accounts Receivable Financing group. Our new client operates a recycling business as well as several landfills. The facility will help augment the...
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April 27, 2022, 07:09 AM
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CIT, a division of First Citizens Bank, announced that its Commercial Services business is promoting and hiring new business development leaders to support clients and drive growth in factoring finance in the Northeast and West. In the Northeast...
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April 07, 2022, 07:53 AM
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Oxford Commercial Finance ("OCF"), a wholly owned subsidiary of Oxford Bank, announced the acquisition of the assets of FSW Funding and the hiring of their entire team. Ms. Robyn Barrett, Owner and Managing Member of FSW Funding, will join the OCF...
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April 05, 2022, 08:05 AM
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Bay View Funding, a subsidiary of Heritage Bank of Commerce, appointed Norman Brame as Senior Vice President, Regional Sales Manager. He will focus on originating new factoring business in Virginia, Tennessee, North and South Carolina, and...
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March 17, 2022, 07:40 AM
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CIT, a division of First Citizens Bank, announced a reorganization of its Commercial Services factoring business to position it for accelerated growth by providing even better service for clients and prospects.CIT Commercial Services is one of the...
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March 08, 2022, 08:00 AM
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Rosenthal & Rosenthal completed a recent $3.2 million factoring facility with purchase order financing to support an outdoor and sporting apparel company. The company has been in business for 30 years and experienced explosive growth during the...
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March 07, 2022, 07:32 AM
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The International Factoring Association (IFA) announced that registration is open for the 28th Annual Factoring Conference. The gathering will be held May 4-6, 2022, at the Sheraton Boston Hotel and will offer an array of expert speakers, networking...
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January 31, 2022, 07:41 AM
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Rosenthal & Rosenthal completed a $2.5 million asset based lending deal to support the growth capital needs of a company specializing in video remote interpretation technology. A relatively young brand, the company was experiencing tremendous demand...
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January 26, 2022, 07:30 AM
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Rosenthal & Rosenthal competed two recent financing commitments, a $3.5 million purchase order finance commitment to support the production financing requirements of a New York-based home furnishings importer and distributor as well as a separate...
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January 12, 2022, 07:38 AM
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The International Factoring Association, the world’s largest association of commercial finance companies, announced that Tania Daniel has assumed the role of Executive Director. Daniel, who has spent her entire career in the factoring industry and is...
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January 04, 2022, 07:50 AM
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eCapital named Brian Gagel as Managing Director of General Factoring in its Commercial Finance division. He will report to Dave Ciccolo, the CEO of the division, and will lead a team of account management and operations professionals to support the...
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November 23, 2021, 08:00 AM
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White Oak Commercial Finance, an affiliate of White Oak Global Advisors, provided a $3 million non-recourse advance factoring facility to a family-owned apparel manufacturer focused on delivering high quality and affordable clothing for women. The...
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November 23, 2021, 07:57 AM
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Rosenthal & Rosenthal announced the completion of a recent combined $2.5 million asset based lending facility and $750,000 purchase order financing and trade finance program to support a fast-growing healthy foods and supplement company. The Los...
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November 22, 2021, 07:14 AM
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White Oak Commercial Finance provided a $5 million factoring facility to a Texas-based government contractor specializing in providing support services to the U.S. Government and subcontractors.The transaction was structured against the company’s...
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November 18, 2021, 07:50 AM
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Revolution Capital, provider of factoring & cash-flow financing in Canada and the United States, has acquired Growth Capital, a factoring firm specializing in the transportation industry.This consolidation is an important step towards continued...
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November 16, 2021, 07:46 AM
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Rosenthal & Rosenthal completed a $5 million joint factoring, inventory funding and purchase order financing facility to support the growth capital needs of a Georgia-based manufacturer and distributor of office furniture and products. Founded in...
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October 13, 2021, 07:20 AM
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Triumph Business Capital, has appointed Rob Wright as Chief Product Officer. Wright will report to chief executive officer, Geoff Brenner.As chief product officer, Wright will be responsible for the strategy and execution of Triumph Business...
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October 05, 2021, 07:45 AM
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Rosenthal & Rosenthal announced a series of executive leadership changes as part of the firm’s focus on long-term strategic growth and exceptional client service. Family-owned and independent for 83 years, Rosenthal is promoting several individuals...
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September 29, 2021, 08:00 AM
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Great Elm Capital Corp. (GECC), a business development company, has acquired a majority equity interest in Lenders Funding, LLC (Lenders) a private funding and risk sharing source for factors and asset-based lenders.Established in 2000, Lenders...
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September 21, 2021, 08:04 AM
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eCapital named Amanda Rudd as SVP, Director of Business Development for its Freight Factoring Division. Rudd brings more than 13 years of expertise providing accounts receivable financing to small and large trucking companies and freight brokers.In...
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September 16, 2021, 07:14 AM
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The International Factoring Association (IFA) announced that after many years of advocating for the factoring community by the American Factoring Association (“AFA”), the Consumer Financial Protection Bureau (“CFPB”) has announced that its proposed...
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September 09, 2021, 07:55 AM
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Rosenthal & Rosenthal announced the completion of a recent $30 million inventory purchase commitment to support the production financing requirements of a California-based importer and distributor of solar panels.The company had been reflecting...
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August 10, 2021, 07:14 AM
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LSQ originated a $5 million facility for a growing staffing agency in Alabama.The facility helped address several strategic business needs. The agency was able to leverage their current accounts receivable to complete a management buyout— generating...
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July 27, 2021, 07:10 AM
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The International Factoring Association (IFA) appointed five new Advisory Board members. Members serve a two-year term and assist the IFA in broadening the public understanding of the uses and benefits of factoring. They also help design training...
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July 26, 2021, 07:15 AM
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Commercial Finance Partners closed over $15,000,000 in new SBA 7a Loans for Q2 of 2021. As lending has returned to pre-pandemic levels, Commercial Finance Partners also provided over $10,000,000 in other lending facilities including accounts...
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July 12, 2021, 07:44 AM
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LSQ, a leading provider of working capital solutions, announced the origination of a $1.5 million factoring facility for a packaging and distribution business in California.The company specializes in beauty products and required an injection of...
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July 07, 2021, 07:36 AM
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Axiom Bank expanded its team with the hiring of John Wattinger as Senior Account Executive in its factoring and asset-based lending division in Dallas.Wattinger brings more than 35 years of experience in commercial, middle market, asset-based lending...
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July 02, 2021, 07:43 AM
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Heritage Bank of Commerce announced that the Bank continues to expand its Specialty Finance Group. The Specialty Finance Group consists of Bay View Funding’s national factoring business and the Bank’s national Asset-Based Lending (“ABL”)/Corporate...
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June 30, 2021, 08:02 AM
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Rosenthal & Rosenthal completed a recent $25 million factoring facility to support future growth opportunities for a major supplier of apparel and home goods.In business for more than 25 years, the company sells a range of apparel and home goods...
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June 23, 2021, 07:00 AM
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The International Factoring Association (IFA) released the 2021 IFA Business Profile and Performance Survey Industry Report. Now in its 15thyear, annual survey provides a snapshot of factors’ operations, client details, operating metrics, business...
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June 14, 2021, 07:21 AM
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Axiom expanded its team with the hiring of John Wattinger as Senior Account Executive in its factoring and asset-based lending division in Dallas. Wattinger brings more than 35 years of experience in commercial, middle market, asset-based lending and...
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June 08, 2021, 07:31 AM
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White Oak Commercial Finance provided a $10 million non-recourse factoring facility to an apparel retailer based in New York City. The e-commerce wholesale company provides high-quality, sustainably minded clothing to partners in the U.S. and...
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May 05, 2021, 07:09 AM
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The results of the Secured Finance Network’s (SFNet’s) 2020 Annual Factoring Survey have been released. Between 2019 and 2020, the factoring sector experienced unprecedented declines in volume (as did most secured financing) and the highest level of...
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April 28, 2021, 07:45 AM
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White Oak Commercial Finance delivered a $3 million recourse factoring facility to a factor that provides funding to the trucking and transportation industry.The company has been in business since 2015, and the funding was secured against its...
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April 22, 2021, 07:22 AM
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The International Factoring Association added a bonus day of virtual programming to its 27th Annual Factoring Conference. The conference will now begin a day earlier than previously announced, on Tuesday, May 11, and run through Saturday, May 15. The...
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March 29, 2021, 07:21 AM
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The International Factoring Association (“IFA”), announced they have moved the 27th Annual Factoring Conference from Palm Desert, California to Phoenix, Arizona. Still scheduled for May 12-15, 2021, it is the world's largest conference dedicated to...
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March 05, 2021, 07:19 AM
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Axiom Bank expanded its factoring and asset-based lending division with the hiring of Mark J. Simshauser as SVP of Allied Affiliated Funding.Based on Long Island, NY, Simshauser will be responsible for expanding Allied and Axiom’s existing commercial...
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March 03, 2021, 08:00 AM
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King Trade Capital (KTC) was contacted by a referral partner who was hired to seek capital for a New York-based apparel brand in need of capital to fund its’ growing inventory need to fulfill growing sales.KTC was able to quickly assess the Client’s...
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March 02, 2021, 07:35 AM
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eCapital Commercial Finance (“eCapital”), a division of eCapital Corp. provided a $1.5 million debtor in possession (DIP) factoring facility to an industrial LED lighting company in Chapter 11 bankruptcy. The company will utilize the factoring...
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January 19, 2021, 06:24 AM
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Sterling Commercial Credit a nationwide Factoring & Asset Based Lending company based in Brighton, MI announced that Eric Gill will be joining our team as our new Senior Vice President / Sales located in Charlotte, North Carolina. Gill will be...
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December 09, 2020, 08:05 AM
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eCapital Commercial Finance, a division of eCapital Corp., a leading North American alternative financing solution provider for small and medium businesses, today announced it has provided a $2 million factoring facility to a hard seltzer provider to...
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December 07, 2020, 08:50 AM
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eCapital Corp. announced it has acquired UK-based specialty lender and factoring company Advantedge Commercial Finance. The acquisition will allow eCapital to continue building out its full suite of specialty lending solutions and geographically...
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December 01, 2020, 08:50 AM
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eCapital Corp. has acquired the factoring portfolio of REV Finance Group Inc., an affiliate of Roly’s Trucking Inc. and R.E.G. Logistics Inc., a Los Angeles-based family of transportation, warehousing and logistics companies. Roly’s Trucking was...
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August 26, 2020, 08:45 AM
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Global Merchant Fund Corp., a North American provider of financial solutions for middle-market companies, announced the acquisition of Accutrac Capital Solutions Inc., a transportation factoring company that provides working capital solutions to...
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March 11, 2019, 08:28 AM
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Rachel Hersh, based in New York and Long Island, was promoted to Sales Director, North America at Prestige Capital Corp., a 35-year-old factoring firm based in Ft. Lee, NJ. Hersh has more than 20 years of experience in the factoring industry and will...
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January 31, 2019, 10:00 AM
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Wells Fargo Capital Finance, part of Wells Fargo & Company, announced that Marc Grossman has been named executive vice president and division manager of factoring and specialty asset-based lending (ABL) in its Commercial Services Group.
The...
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December 12, 2018, 07:57 AM
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Merchant Financial Group, a provider of working capital solutions for innovative businesses, announced the expansion of its existing credit facility from $323 million to $372 million to support the company's growth and expansion of its financial...
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July 30, 2018, 07:07 AM
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U.S. businesses continued to grow in 2017, as reflected by increased borrowing during the year, the Commercial Finance Association (CFA) announced. According to the CFA’s 2017 Annual Asset-Based Lending and Factoring Survey, asset-based lending...
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May 24, 2018, 08:01 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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Rosenthal & Rosenthal, Inc., an independent factoring, asset based lending and purchase order financing firm, announced the completion of a deal to acquire the domestic factoring portfolio of BB&T Corporation, one of the largest financial services...
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January 31, 2018, 07:43 AM
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White Oak Commercial Finance, LLC (WOCF) announced that it has provided a $15 million factoring facility to Mias Fashion, an innovative leader in the full package apparel manufacturing and global sourcing. Since 1999, Mias Fashion has efficiently...
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November 02, 2017, 07:40 AM
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ENGS Commercial Finance Co. (ENGS) announced that it has closed on a new revolving credit facility for its Factoring subsidiary, ENGS Commercial Capital, LLC. This new facility is with Wintrust Commercial Banking.Tania Daniel, Managing Director for...
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October 03, 2017, 07:08 AM
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People’s Bank of Commerce and Capital Associates, Inc., doing business as Steelhead Finance (Steelhead), jointly announced the acquisition of Steelhead by People’s Bank in a cash and stock transaction.People’s Bank is a locally owned and managed bank...
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August 28, 2017, 08:00 AM
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Commercial Credit, Inc., parent company of Commercial Credit Group Inc. (CCG), an independent commercial equipment finance company, announced the purchase of the business operations of Transfac Capital, Inc., thus expanding into the accounts...
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August 02, 2017, 07:21 AM
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Hana Financial, Inc., a non-bank specialty commercial lender, announced that it has secured a new $100 million factoring credit facility through an issuance of the Series 2017-1 Factoring Contract Backed Notes.The new credit facility by Hana...
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June 27, 2017, 07:40 AM
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Bibby Financial Services (BFS) North America announced that Daniel Rodrigue has rejoined the company as National Head of Sales for Factoring and Transportation for the U.S. market, a significant step toward executing BFS’s strategic growth...
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April 18, 2017, 08:00 AM
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Triumph Business Capital, member of the Triumph Bancorp, Inc. group and provider of working capital financing solutions to small and medium sized businesses, today announced the addition of Robert P. Gole as Vice President Business Development...
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January 26, 2017, 07:53 AM
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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...
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December 16, 2016, 07:45 AM
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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...
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December 14, 2016, 07:44 AM
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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...
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December 13, 2016, 07:14 AM
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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...
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November 03, 2016, 07:48 AM
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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...
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November 02, 2016, 07:43 AM
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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...
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September 20, 2016, 07:42 AM
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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...
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September 15, 2016, 07:29 AM
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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...
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July 15, 2016, 08:01 AM
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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...
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June 22, 2016, 07:36 AM
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Prestige Capital Corporation, a nationwide factoring firm servicing small- and mid-sized businesses, announced today that Christopher Foss has been hired as Direct Sales Manager. He will be responsible for originating new business relationships with...
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May 26, 2016, 07:41 AM
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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...
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May 17, 2016, 08:01 AM
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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...
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April 06, 2016, 08:02 AM
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AloStar provided a $10 million commitment to CapFlow Funding Group Managers LLC (“CapFlow”), a commercial finance company based in Rutherford, N.J. CapFlow specializes in factoring, purchase order funding, refactoring and small, cash flow-based loans...
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February 16, 2016, 08:02 AM
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CIT Group announced the appointment of Louis Barone as Managing Director, Northeast Regional Sales Manager of CIT Commercial Services, a leading provider of factoring services in the United States. He will report directly to Marc Heller, Executive...
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September 28, 2015, 08:02 AM
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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...
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August 25, 2015, 07:51 AM
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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...
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June 29, 2015, 07:53 AM
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Sterling National Bank announced the appointment of Thomas X. Geisel as Executive Vice President and President of Specialty Finance.Geisel will lead Sterling's specialty finance teams which include Asset Based Lending, Factoring and Trade Finance...
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April 28, 2015, 07:57 AM
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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...
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March 11, 2015, 07:47 AM
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Transfac Capital, a specialty finance company providing B2B accounts receivable financing to companies as small as a start-up and as large as a company generating $6 million in sales per month, announced Michelle Duran has returned as a vice...
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February 25, 2015, 07:18 AM
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Triumph Bancorp, Inc. announced it has completed its initial public offering of 6.7 million shares of its common stock at a price to the public of $12.00 per share. Triumph's common stock began trading on the NASDAQ Global Select Market on November 7...
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November 14, 2014, 07:19 AM
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Bibby Financial Services announced today that it has funded a $1.25 million non-recourse factoring facility for a California-based apparel manufacturer. This new business saw increased demand for private-label denim, but as a start-up had struggled...
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September 22, 2014, 07:14 AM
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TCF Capital Funding ("TCFCF"), the Chicago-based cash flow and asset-based lending division of TCF National Bank (“TCF Bank”), announced that it provided $13 million of secured financing to support the acquisition of eCommission Financial Services...
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September 15, 2014, 07:51 AM
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Crestmark and TIP Capital have announced that they have entered into an agreement for Crestmark to acquire TIP Capital’s equipment leasing and asset management business. The acquisition is scheduled to be completed in late September 2014, pending...
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September 04, 2014, 07:38 AM
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CIT Group Inc. announced that it arranged and syndicated a $90 million senior secured credit facility to The Levy Group Inc., a designer, manufacturer, importer, marketer and distributor of men’s and women’s outerwear, dresses, active sportswear and...
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August 19, 2014, 07:31 AM
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First Capital announced the hiring of Ramsey Naber, Senior Vice President, in the Factoring Western Region. Naber will perform the role of Portfolio and Business Development Manager throughout the Western Region and will be based out of the Los...
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August 19, 2014, 07:24 AM
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CapitalPlus Equity, a factoring company specializing in the construction industry, announced that Dave Amis has joined the company as Business Development Manager. In this role, Amis will be responsible for new business activities. Amis has an...
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July 09, 2014, 07:48 AM
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Sterling National Bank, the principal subsidiary of Sterling Bancorp, announced seven new additions to its relationship banking teams servicing commercial middle-market clients, as part of its ongoing effort to invest in high-growth areas and deliver...
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July 01, 2014, 07:44 AM
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Commercial lending expert Patrick McMullan has launched ALCS Capital to provide business owners with alternative sources for the capital they need to grow or run their businesses. ALCS leverages McMullan's 25 years of industry experience and keen...
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June 17, 2014, 07:14 AM
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Gibraltar announced that Eduardo (Eddy) del Rio has joined the firm as Senior Vice President, Loan Originations. Based in Miami, del Rio will be responsible for new business development for factoring and asset-based lines of credit throughout Florida...
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June 03, 2014, 07:13 AM
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Capital Credit, Inc. announced that Brad Beck has joined the firm to further develop their growing portfolio of accounts receivable factoring services. Beck comes with a wealth of experience within the factoring industry in underwriting and business...
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June 02, 2014, 07:21 AM
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Houlihan Lokey is pleased to announce the sale of Dallas-based Goodman Factors, a nationwide invoice factoring company, to Independent Bank of Memphis, TN. Houlihan Lokey served as exclusive financial advisor to Goodman Factors and assisted in...
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May 21, 2014, 07:46 AM
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TAB Bank is pleased to announce it has entered into an Asset Purchase and Sale Agreement to acquire the factoring portfolio and other related assets of Anchor Funding Services, LLC of Charlotte, NC. In addition to Anchor’s factoring portfolio of...
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May 21, 2014, 07:38 AM
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Newtek Business Services, Inc. announced that it has attracted and retained the talents of two senior executives, Susan Streich and Harold Gartner.Harold Gartner joins Newtek as President and Chief Operating Officer of Newtek Business Credit. As a...
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May 20, 2014, 07:22 AM
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Bibby Financial Services announced the addition of asset based lending to its financial products portfolio.
“At Bibby Financial Services we provide access to working capital through factoring, or accounts receivable financing,” said Leigh Lones, CEO...
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April 03, 2014, 07:47 AM
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Bibby Financial Services is pleased to announce the addition of Brian Weiner to its sales team.
Weiner brings more than 20 years of experience to his new position as VP, Business Development. Most recently, he founded Protein Funding Group, Inc., a...
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March 10, 2014, 07:41 AM
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Republic Business Credit, LLC announces the appointment of Ron Fraser, Worcester, Massachusetts resident and career banking and commercial finance professional, to lead its new business activities in Massachusetts and the New England...
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February 04, 2014, 07:53 AM
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TAB Bank announced the promotion of Justin Gordon to senior vice president of Sales and Marketing. Gordon will continue to be based out of TAB Bank’s corporate headquarters in Ogden, UT. In addition to providing oversight of all personnel...
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January 13, 2014, 07:19 AM
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Celtic Bank announced Scott Petty has been promoted to Vice President of Business Development in the Asset-Based Lending Group at Celtic Bank. Petty will be focused on business development of the bank's asset-based lending and factoring programs. ...
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January 07, 2014, 07:54 AM
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Capital Business Credit, a globally integrated financial products and services company, announced that Martin Schnurr will join the CBC team to grow its factoring and trade finance business in the Southeast. Schnurr brings to CBC more than 35 years...
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December 04, 2013, 07:51 AM
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Gibraltar Business Capital announced Chris Lehnes, a 20-year veteran of small business lending, has just joined the firm's team. Lehnes will be developing new factoring and asset-based lending relationships in the Northeastern United States to help...
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November 19, 2013, 07:25 AM
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First Capital has entered into a factoring agreement with YS Garments, Inc., dba Next Level Apparel. First Capital will be providing collections and credit guarantee services for YS Garments.
First Capital was chosen as the factor due to its ability...
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October 30, 2013, 07:21 AM
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Accord Financial Corp. announced that it has acquired a portfolio of factoring and asset-based loans from Brome Capital through its subsidiary, Accord Financial Inc. (AFI). After taking into account the acquisition, Accord's portfolio of loans...
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October 14, 2013, 07:41 AM
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Bloomberg reports J.C. Penney denied a report that CIT Group has stopped funding some of its suppliers.
Shares tumbled when The New York Post reported that CIT ceased supporting deliveries from small manufacturers to its stores. The newspaper didn’t...
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August 01, 2013, 07:53 AM
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Bibby Financial Services is pleased to announce the addition of Mark Haley to its Northeast sales team.
Haley brings more than 15 years of sales experience to his new role as VP of Business Development. Most recently, he was head of business...
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July 24, 2013, 07:31 AM
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Veritas Financial Partners successfully closed a $4 million revolving line of credit for a factoring and purchase order company in order to support its continued growth and leverage its equity base. The company is a national factor and purchase order...
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May 30, 2013, 07:22 AM
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Hennessey Capital, a division of Hitachi Capital America Corp., announces the launch of its new FactorFinance product. The program provides factoring companies access to working capital lines of credit and ancillary credit support services.Mike...
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April 17, 2013, 08:00 AM
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First Capital announced the hiring of Tom Sullivan, vice president, in the Factoring Western Region. Sullivan will be responsible for new business development throughout the Western region and will be based out of the Los Angeles office.
Sullivan...
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March 05, 2013, 08:08 AM
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Caught in a cash squeeze, emerging media companies are borrowing against their receivables to gain working capital. CFO staff writer David Rosenbaum outlines one media company’s odyssey in securing financing to expand its business.
Rosenbaum...
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February 25, 2013, 07:37 AM
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Crestmark announced the acquisition of certain assets of Ultimate Financial Solutions (UFS). Located in New York City, the factoring and financial services company has been in business for eight years and provides financing to the apparel, footwear...
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February 05, 2013, 07:48 AM
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Crestmark announced it has expanded its services to include equipment financing. A company press release notes the move emphasizes Crestmark’s significant effort and continued focus to provide superior service to itsr customers. The opportunity...
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January 31, 2013, 07:23 AM
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First Business Financial Services announced that through its asset-based lending company, First Business Capital, it has entered the factoring business with the hiring of a team of three experienced factoring professionals. The business will operate...
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November 16, 2012, 06:52 AM
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Effective November 1, 2012, Hitachi Capital America Corp. acquired the assets and operations of Michigan-based Hennessey Capital LLC, which will operate as a division of Hitachi Capital America to further improve its capability of providing...
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November 01, 2012, 07:42 AM
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