JPMorganChase named Matt Sable and Melissa Smith as Co-Heads of Commercial Banking (CB), within the firm’s Commercial & Investment Bank. Sable and Smith will lead a dynamic and growing business that serves more than 70,000 clients across 154 locations in the U.S. and Canada. They will report to John Simmons and Filippo Gori, Co-Heads of Global Banking. Clients of the Commercial Bank include early-stage startups to midsize corporations, government entities, not-for-profit organizations and
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February 10, 2025 @ 08:00 AM
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Eclipse Business Capital announced the successful upsizing of its primary asset-based lending (ABL) facility to $1.895 Billion. The upsize, agented by Wells Fargo and backed by a syndicate of premier banks, aligns with the firm’s outlook for growth in 2025 and beyond. “We’re privileged to have the ongoing support of Wells Fargo and our bank group who recognize our long-term vision and our ongoing commitment to create long-term value for our stakeholders,” said Marty Battaglia, CEO of EBC. “This
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February 10, 2025 @ 07:58 AM
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Encina Lender Finance provided a $46 million “first-out” commitment in partnership with a structured credit fund. The facility is secured by a pool of unsecured consumer installment loans.ELF provides streamlined first-out financing to other like-minded private credit investors in the specialty finance sector, with a focus on granular pools of short-to-intermediate duration asset classes in both consumer and commercial finance. The prioritized use cases are first-out/last-out structures in
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February 10, 2025 @ 07:55 AM
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Webster Bank’s Healthcare CRE and Middle Market team served as joint lead arranger on a $255,492,000 five-year financing to joint venture partners Kayne Anderson Real Estate and Remedy Medical Properties. The financing supported the financing of 20 Class-A stabilized medical office properties totaling 888,881 rental square feet and 96% NNN leased to one of the premier health systems in the Southeast. The transaction optimized the real estate assets and provided significant liquidity to the
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February 10, 2025 @ 07:49 AM
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Squire Patton Boggs has added two experienced Wall Street professionals with the addition of Senior Advisors Daniel Rudder and Nathan Romano. The hires bolster the firm’s resources aimed at providing strategic insight and counsel to players in the asset management community whose investment decisions are increasingly impacted by complex regulatory, national security and geopolitical affairs. “Asset managers have unique needs that require a combination of political, legal, and financial market
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February 10, 2025 @ 07:06 AM
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Breakout Finance announced its fifth consecutive year of growth in term loan originations. Since its inception in 2015, the Company has originated more than $500 million in loans for borrowers in nearly all 50 states, and continues to redefine the process of securing short-term financing for its business clients.By leveraging advancements in technology and developing a niche as a trusted alternative to costly Merchant Cash Advances (MCAs), the Company has enabled businesses to optimize cash flow
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February 10, 2025 @ 07:00 AM
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Peapack-Gladstone Financial Corporation and Peapack Private Bank & Trust announced that John Soffronoff has joined the Bank as Enterprise Risk and Compliance Officer responsible for developing and maintaining effective, efficient, and scalable risk management and compliance programs commensurate with Peapack Private’s growth and strategy objectives.Soffronoff brings 35 years of extensive experience in risk and compliance management for the financial services industry to the Bank. Most recently
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February 10, 2025 @ 07:00 AM
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TAB Bank provided nearly 300 companies with more than $57 million in funding in the fourth quarter of 2024. The financing includes factoring, asset-based and equipment loans, small business lines of credit and more for companies in transportation, manufacturing and distribution, e-commerce, maintenance, logistics and other industries. TAB Bank offers vital capital to help companies meet their growth and success goals.Highlights of the largest Q4 2024 deals include:
$20 million—Funding
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February 07, 2025 @ 08:15 AM
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Runway Growth Capital served as the lead lender in a $75 million senior secured term loan facility that is part of a $120 million financing to Piano, a global leader in digital experience management, customer journey orchestration, and advanced analytics. The financing also includes a $45 million Series D investment led by Updata Partners, a Washington, D.C.-based growth equity firm focused on technology. This capital will enable Piano to optimize its platform, expand its market presence, and
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February 07, 2025 @ 08:10 AM
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Porter Capital has acquired a prominent factoring firm specializing in the staffing sector. This strategic move expands Porter Capital's presence in the staffing industry and underscores its commitment to delivering tailored financial solutions to B2B businesses across the United States.This acquisition integrates the firm's client portfolio into Porter Capital's operations, ensuring uninterrupted funding access and exceptional service. Key staff members have also joined Porter Capital, adding
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February 07, 2025 @ 08:05 AM
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o15 Capital Partners (o15), a mission-driven alternative investment firm dedicated to providing growth capital to undercapitalized companies and communities, successfully closed its inaugural fund, o15 Emerging America Credit Opportunities Fund LP (the “Fund”), at approximately $370 million. The Fund’s capital, together with capital raised by o15 for related co-investment vehicles, totals nearly $400 million. The Fund received strong backing from a broad group of leading institutional investors
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February 07, 2025 @ 08:00 AM
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eCapital provided a $10 million asset-based lending (ABL) facility to support the growth and operational needs of a behavioral health facility in Tennessee. The funding addresses the challenges of growing operational demands and fluctuating cash flow cycles, while positioning the health facility for long-term success and sustainable growth.The behavioral health facility provides essential services to individuals in the community seeking mental health and wellness support. However, increasing
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February 07, 2025 @ 07:59 AM
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WebBank appointed Ken Laudano as Senior Vice President – Head of Lender Finance. In this capacity, Laudano will be responsible for growing the Bank’s asset-backed lending business. Under Laudano’s leadership, the Lender Finance team will focus on providing debt capital to specialty finance originators and specialty finance fund managers, as well as fund managers of middle market corporate loans. The team will specialize in standard asset-backed warehouse facilities as well as back-leverage
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February 07, 2025 @ 07:45 AM
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Pathward Financial, through its subsidiary, Pathward, announced that Anjana Berde has joined the company as the Executive Vice President and Chief People and Culture Officer.In this role, she reports to Pathward CEO Brett Pharr and leads Pathward’s People and Culture department, which includes recruiting and hiring, talent development and engagement, employee benefits and well-being, and employee information systems and analytics.“Anjana brings expertise from 30 years’ experience in human
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February 07, 2025 @ 07:00 AM
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Lendscape announced a leadership transition as Kevin Day steps down as Chief Executive Officer. Day, who has been instrumental in shaping Lendscape into the global leader it is today, will remain with the company as an Executive Advisor and a member of the Board of Directors. "Kevin has been at the heart of Lendscape's success for many years, guiding the company through significant growth and transformation," said Tony Davison Executive Chairman at Lendscape. "His contributions have ensured that
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February 07, 2025 @ 06:00 AM
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