Provident Bank announced the addition of six experienced lenders in the commercial banking space: Matthew Moresco, Matthew Skilton, Gerald Bresser, Michael Valenzano, Patrick Beaner, and Daniel Decker. These strategic hires come as part of the company’s efforts to strengthen its presence and commitment to businesses throughout eastern Pennsylvania. These individuals possess more than 100 years of combined experience in the financial services industry, bringing deep market knowledge, and proven
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November 20, 2024 @ 08:15 AM
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Silicon Valley Bank (SVB), a division of First Citizens Bank, provided $35 million in debt financing to Squire Technologies Inc., a leading full-scale management and point of sale (POS) system that helps barbershop owners scale their businesses and increase clientele while also reducing the amount of time spent in back-office operations.Backed by new financing from SVB’s Enterprise Software Group, Squire is poised to drive ongoing innovation and expand its industry-leading platform, streamlining
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November 20, 2024 @ 08:10 AM
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KeyBank expanded its commercial banking business in Chicago and Southern California to serve more middle market clients with their differentiated platform – which includes a full range of commercial lending and capital markets capabilities as well as payments solutions designed specifically for the segment."Chicago and Southern California are two of the largest concentrations of middle market businesses in the country, where our unique platform gives us a competitive advantage," said Ken Gavrity
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November 20, 2024 @ 08:07 AM
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Addi, the Colombia-based fintech platform for integrated payments, shopping and banking, secured a $100 million credit facility from Victory Park Capital (“VPC”). The new facility will support Addi’s financing of credit originations in Colombia as it provides buy now, pay later (“BNPL”) solutions to consumers and merchants. “We’ve known the VPC team for over five years, and we’re excited to be partnering with them. Their experience in the private consumer credit space is unparalleled, and we
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November 20, 2024 @ 08:05 AM
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SG Credit Partners, through its SG Software + Technology division, announced its partnership with NationBuilder, a digital organizing software company.
NationBuilder's fully integrated platform equips nonprofits, advocacy organizations, and political campaigns with purpose-built software to mobilize supporters and drive engagement. With website hosting, a dynamic people database, email and text automations, fundraising capabilities, and legislative advocacy tools all in one place, NationBuilder
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November 20, 2024 @ 07:55 AM
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BOK Financial hired Terry McKinney as Senior Vice President and ABL Portfolio Manager in asset-based lending. McKinney brings more than 25 years of experience in portfolio management and lending. “We’re thrilled to have Terry join our team,” said Ryan Birnel, director of Asset Based Lending at BOK Financial. “His deep experience, strong leadership, and client-centered approach will be a key part of our continued success.”McKinney’s extensive background includes leadership roles at Bank of
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November 20, 2024 @ 07:50 AM
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Audax Private Debt announced that, as Administrative Agent and Sole Lead Arranger, it provided a unitranche credit facility to support Comvest Private Equity’s majority investment in Riccobene Associates Family Dentistry (“Riccobene”), a dental service organization (DSO) based in Cary, North Carolina. Founded in 2000, Riccobene supports a growing network of 62 multi-specialty dentistry clinics across North Carolina, Virginia, and South Carolina that provide comprehensive general and specialty
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November 20, 2024 @ 07:30 AM
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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 were previously out of reach due to restrictive financing options from traditional banks.Despite having years of experience in the industry, the contractor was unable to secure a line of credit — his business did not have an established enough track
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November 20, 2024 @ 07:00 AM
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Global consulting firm J.S. Held, proudly celebrating 50 transformative years, announced that Brian Gleason, a 25+ year consulting and turnaround management expert, has been selected to the Turnaround Management Association (TMA) leadership team beginning January, 2025. In his leadership role for the TMA, Brian Gleason will guide the organization as President-elect, then President, and ultimately as Global Chair, working alongside the Board to serve its 10,000 members. Commenting on the
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November 19, 2024 @ 08:21 AM
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Silver Point Capital announced the final closing of Silver Point Specialty Credit Fund III, the latest fund in Silver Point's 21-year-old Direct Lending franchise. Inclusive of new commitments to other direct lending vehicles made during the fundraising period, the total capital raised for Specialty Credit Fund III (with anticipated leverage) surpassed $8.5 billion.In addition to other existing committed capital and anticipated leverage, Silver Point's Direct Lending strategy now manages over
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November 19, 2024 @ 08:20 AM
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White Oak Global Advisors announced a new partnership with the United Submarine Alliance (USA) Qualified Opportunity Fund LP.As part of the relationship, White Oak will bring unique capital solutions to domestic manufacturers supplying Columbia and Virginia class submarines to the U.S. Navy. Additionally, the USA Fund will provide financing for workforce training and additive manufacturing to support submarine production. “Our partnership with the United Submarine Alliance Qualified Opportunity
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November 19, 2024 @ 08:00 AM
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Gordon Brothers will provide real estate consulting services in support of Kirkland’s Inc.’s store growth strategy following the payoff of the firm’s $12 million term loan. The U.S. home décor and furnishings retailer operating under the Kirkland’s Home brand has launched a new partnership with Beyond Inc., the U.S. owner of Bed Bath & Beyond, Overstock, Zulily and other online retail brands. Additionally, Beyond has invested in Kirkland’s to support future collaborations, including the launch
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November 19, 2024 @ 07:58 AM
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Great Rock Capital provided a $50 million exit financing to Basic Fun!, an industry leader in the design, development, and marketing of branded toys and imaginative play products to the retail and family entertainment channels. Popular products include such iconic brands as Care Bears, TONKA Trucks, and K’NEX. Basic Fun! successfully completed a comprehensive balance sheet restructuring, in which Great Rock provided a $50 million debtor-in-possession financing prior to the closing of the $50
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November 19, 2024 @ 07:54 AM
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Empire Today, also known as Empire Carpet® and Empire Flooring®, the country's largest shop-at-home, direct-to-consumer flooring company, has entered into a new credit facility with lenders holding approximately 82% of its existing term loans and 100% of its existing revolving commitments. The transaction will, among other things, provide significant incremental liquidity to the Company on competitive terms and extend its existing debt maturities. Pursuant to an offer made to the remaining term
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November 19, 2024 @ 07:52 AM
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EverBank announced the opening of its first West Coast financial center in Encino, Calif., marking a significant milestone in the bank's expansion into the California market.The financial center will serve the Encino area by offering a full suite of EverBank's consumer and business banking products and services to residents and businesses in Encino and nearby communities, including Sherman Oaks, Tarzana and Woodland Hills. Staffed by a dedicated team of experienced bankers and led by branch
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November 19, 2024 @ 07:30 AM
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