eCapital announced its acquisition of LSQ Group LLC and its subsidiaries, a recognized leader in working capital finance and payment services. This acquisition reflects eCapital’s commitment to advancing innovation and expanding its ability to provide advanced, customized funding to clients as it continues to execute its growth strategy. “This acquisition significantly enhances eCapital’s capacity to deliver scalable working capital solutions,” said Marius Silvasan, CEO of eCapital. “LSQ’s
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January 08, 2025 @ 08:15 AM
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Amerisource Business Capital closed and funded a $6,000,000 working capital facility for a Texas-based manufacturer of custom bulk bags, serving key industries such as chemicals, medical, and food, with a strong international presence. Doug Forbes, Market Manager at Amerisource, emphasized the importance of the transaction: “Faced with challenges resulting from a downturn in the logistics market, the company needed a lender capable of providing a comprehensive suite of financial solutions to
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January 08, 2025 @ 08:10 AM
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Great Rock Capital closed a $25 million senior secured revolving credit facility with Lion Energy, a provider of power products such as large industrial power storage systems, portable solar generators and panels, lithium batteries, and whole-home energy backup systems. The new credit facility will refinance Lion’s existing debt and boost their liquidity position to support the company’s strategic business expansion.“We are incredibly excited to partner with Great Rock Capital to secure this
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January 08, 2025 @ 08:05 AM
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36th Street Capital, a prominent provider of equipment financing solutions, announced the immediate appointment of Greg Stitt as Senior Vice President of Capital Markets.The appointment further bolsters 36th Street’s originations and syndications capabilities in support of its continued growth. Stitt has extensive capital markets experience in prior roles with First American Equipment Finance, and most recently with Auxilior Capital Partners.Kiran Kapur, CEO of 36th Street Capital, commented on
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January 08, 2025 @ 08:02 AM
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Gibraltar prides itself on longstanding financing partnerships, as demonstrated by its recent collaboration with existing customer Prodigy Health. GBC recently increased its asset-based loan facility to $30 million, further supporting Prodigy Health's growth.The national drug distributor will use the increased facility to fund working capital by expanding its inventory of high-demand biopharmaceuticals, enhancing its distribution network, and pursuing technology upgrades essential for its
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January 08, 2025 @ 08:00 AM
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Founded in 1973, the client is an international catalyst-handling company for the refining, chemical, petrochemical, and processing industries. They started as a relatively small business in the United States but, after a series of acquisitions, they expanded into five other countries, eventually becoming a world leader in their field. In 2018, the company re-established their presence in the US and purchased property to house American operations. The SituationUnfortunately, their return to the
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January 08, 2025 @ 07:52 AM
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SLR Business Credit funded a $3.5 million credit facility for Segula Technologies USA, a leading engineer staffing company serving top-tier aerospace, defense, automotive, and energy companies. The credit facility provides significantly more liquidity compared to their prior bank line, offering the company greater financial flexibility to support its rapid growth.The tailored financing solution reflects SLR Business Credit’s ability to provide more favorable terms than traditional bank financing
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January 08, 2025 @ 07:50 AM
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There is a renewed sense of optimism among small and midsize business leaders as they consider their business and economic prospects for the year ahead, according to JPMorganChase’s 2025 Business Leaders Outlook survey released January 7, 2025. Compared to a year ago, confidence in the national economy has jumped 12 percentage points to 55% among small business owners, and more than doubled from 31% to 65% among midsize business leaders. This upbeat attitude extends to their own companies, with
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January 08, 2025 @ 07:06 AM
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Abacus Finance Group served as Administrative Agent and Sole Lender to support the leveraged buyout of Motion Sensors by Sentech, Inc., a portfolio company of Astor Place Holdings. Motion Sensors is a leading developer of state-of-the-art speed sensors for the industrial, commercial aerospace, space, rail & transit, and military end markets. Sentech is a leading provider of position sensor solutions for a wide range of industries, including industrial, aerospace and defense, and space. Astor
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January 08, 2025 @ 07:00 AM
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Mesirow, an independent, employee-owned financial services firm, has acquired Bastion Management, an asset-backed specialty finance lender. The acquisition closed on December 31, 2024.Founded in 2013 and based in Stamford, CT, Bastion is a private credit manager that focuses on the asset-backed specialty finance space, lending to the lower middle market across sectors and geographies and creating bespoke financing solutions that seek compelling returns with robust downside protection. The firm
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January 07, 2025 @ 08:15 AM
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Solifi, a global fintech software partner for secured finance, announced the appointment of Dan Corazzi as its new Chief Executive Officer, effective on 13th January 2025. Solifi’s current CEO David Hamilton will transition into the role of Chairman. Corazzi joins from JAGGAER, a leading global provider of procurement software, where he held the position of Chief Revenue Officer and was responsible for all customer facing activity. During his 25-year career in enterprise software, Corazzi has
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January 07, 2025 @ 08:12 AM
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Siena Lending Group announced an increase and extension to its senior credit facility with Wells Fargo Capital Finance to $850 million. The amendment also includes an accordion of $100 million. Siena is a leading independent asset-based lending business, supporting middle market companies with credit facility requirements of $10-$100MM. Siena operates nationwide throughout the U.S. and Canada.“We greatly appreciate the continued support from Wells Fargo and the 14-bank syndicate,” said Scott
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January 07, 2025 @ 08:10 AM
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Ares Commercial Finance provided a $25 million senior secured revolving line of credit to Herschel Supply Co., a Vancouver-based distributor and retailer of bags and accessories. Proceeds from the financing will provide the Company additional liquidity for working capital.The Company is based in Vancouver, British Columbia, and is a leading supplier of bags and accessories. It offers backpacks, duffels, totes, cross-bodies, hip packs, hard- and soft-shell luggage, travel kits, casual apparel and
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January 07, 2025 @ 08:05 AM
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Asset Compliant Solutions (ACS), announced the appointment of Leslie Skwara as Vice President of Finance. The appointment reflects ACS's commitment to building a strong operational foundation for continued innovation and growth.Skwara joins ACS with a proven track record of driving organizational transformation and sustainable growth in innovation-focused companies. Most recently as VP of Operations and Finance at Mongoose Research Inc., she partnered with the executive team to achieve a 20%
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January 07, 2025 @ 08:00 AM
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Rosenthal & Rosenthal completed a $4 million purchase ordering financing facility to support a U.S.-based global manufacturing company with a multi-faceted government contract. The company, a global manufacturer and supplier of aerospace and defense gear, wanted to take advantage of larger contracts with the U.S. government. Facing cash flow constraints that made it challenging to pursue new sales opportunities, the client’s third-party lender managing their account receivables referred them to
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January 07, 2025 @ 07:58 AM
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