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Equify Financial announced the launch of its new division offering receivables lending and ABL capital solutions serving a variety of industry sectors.  This new division is officially named Equify Business Funding. The expansion demonstrates Equify’s ongoing commitment to providing innovative financial products that empower businesses to optimize their cash flow and drive growth. Leading this new venture is industry veteran Kei Lehigh, who joins Equify Financial as the President of Equify Read Story

Field Under: Industry News
November 14, 2024 @ 08:15 AM

Crown Partners successfully arranged $30 million of senior financing from a leading US commercial bank for HGS BioScience, LLC (“HGS”), a portfolio company of Paine Schwartz Partners.  The firm served as exclusive financial advisor to HGS in connection with this transaction.  Crown was chosen for its specialized expertise in the asset-based financing market, which allowed HGS to access efficient low-cost growth capital by leveraging its asset base. Crown simultaneously arranged a revolving Read Story

Field Under: Specialty Industries
November 14, 2024 @ 08:12 AM

TAB Bank provided a $5 million credit facility to CoreCentric Solutions, Inc., a provider of recovery, repair and return-to-market services for appliances, appliance parts and consumer goods. This financing will support CoreCentric Solutions’ mission to reduce waste by keeping appliance parts and consumer products in the economy—inventing new ways to extend the lifecycle of products by collecting, rebuilding, fixing and returning them to the marketplace.Since 1995, CoreCentric Solutions has Read Story

Field Under: Specialty Industries
November 14, 2024 @ 08:10 AM

Hancock Whitney named Matt Mouledous managing director of its asset based lending (ABL) division, Hancock Whitney Business Capital.Matt MouledousIn this role, Mouledous, who previously served as a senior portfolio manager for the bank will manage the asset based lending team and oversee the ongoing sales and growth efforts of Hancock Whitney’s asset based lending portfolio primarily serving 12 states across the southern United States.“Matt has a wealth of valuable experience, energy and a strong Read Story

November 14, 2024 @ 08:00 AM

SLR Business Credit announced the addition of Mark J. Simshauser as Senior Vice President. In this role, Simshauser will have the responsibility of supporting and financing SME’s through the Northeast United States.“Having the past professional experience in working with the executive management of SLR Business Credit when it was North Mill Capital brings it all full circle in the commercial finance industry,” said Simshauser. “The ability to be reunited with great people and having the same Read Story

November 14, 2024 @ 07:51 AM

eCapital successfully completed a $30 million asset-based lending (ABL) facility for an established energy services company. The funding will support a significant Employee Stock Ownership Plan (ESOP) transaction, marking a pivotal milestone in the company’s transition to employee ownership and its commitment to workforce empowerment.The transaction was completed in collaboration with ButcherJoseph & Co., a leading investment bank specializing in ESOPs and ownership transitions, whose expertise Read Story

Field Under: Energy Services
November 14, 2024 @ 07:48 AM

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 pivoted and invested in building a robust direct-to-consumer channel through their own website and Amazon. Revenues have scaled rapidly, and the company was looking to fulfill shipments out of Mexico (a section 321 complaint country) to take advantage of Read Story

November 14, 2024 @ 07:30 AM

SLR Business Credit (SLRBC) is excited to announce its partnership with Innovative Packaging Solutions (IPS), an established Southern California packaging firm that combines industry expertise, award-winning designs, and cutting-edge technology with a global reach to deliver the ultimate positive packaging experience from “factory to fingertips”. The senior debt facility will provide for the company’s ongoing growth and will facilitate its mission to provide the best packaging protection for Read Story

Field Under: Packaging
November 14, 2024 @ 07:00 AM

During the first nine months of 2024, Encina Private Credit (“Encina”) provided over $355 million of first out enterprise value loans to a wide range of middle-market companies. Encina continued to partner with direct lenders and private equity sponsors to support portfolio companies with growth capital and finance add-on acquisitions.  Notable transactions include: $75 million for automotive emissions services company; Encina Private Credit provided a first out revolver and term Read Story

Field Under: Industry News
November 14, 2024 @ 07:00 AM

EverBank has expanded its commercial banking footprint with the launch of a new Southern California division. This business will be led by Stephanie Buckley, an industry veteran who will serve as Senior Vice President and Regional Commercial Banking Manager.The new Southern California commercial banking division will focus on providing customized lending solutions, treasury management, liquidity services and strategic advisory services to middle-market businesses. The team will support a range Read Story

November 13, 2024 @ 08:15 AM

Rosenthal & Rosenthal completed three recourse factoring transactions totaling $6.5 million.  A leading supplier of dairy products both domestically and internationally was in need of a working capital lender after the company struggled to overcome challenges from the COVID pandemic and supply chain disruptions in 2021 and 2022. The owners made the difficult decision to downsize and restructure the business, the company needed a new lender that could provide maximum liquidity while the business Read Story

Field Under: Factoring News
November 13, 2024 @ 08:07 AM

MidCap Financial provided a $98.9 million senior secured credit facility to Wave Electronics. Proceeds from the credit facility were used to support Company’s acquisition of KOA Electronics Distribution Inc. (“KOA”) and will support growth and ongoing working capital needs.Founded in 2002, Wave Electronics is headquartered in Houston, Texas, and is the largest independent CI (Custom Integrator) distributor in the nation. Wave Electronics services local and national dealers that span across Read Story

Field Under: Electronics
November 13, 2024 @ 08:05 AM

Trinity Capital announced the commitment of $40 million in growth capital to Impress, a leading orthodontic chain in Europe, specializing in invisible aligners.Headquartered in Barcelona, Spain, Impress' network of clinics spans multiple European countries and serves over 250,000 patients annually. The company's recent acquisition of DrSmile has further solidified its leadership in key European markets."We're excited to support Impress in their mission to make high-quality orthodontic care more Read Story

Field Under: Medical
November 13, 2024 @ 08:03 AM

Dwight Funding deployed $250 million of credit commitments year to date, including several multi-million dollar facilities secured by assets held in the United States, Canada, and Mexico.Recent transactions include: A $15 million senior secured facility for a bootstrapped travel accessories manufacturer, backed by inventory held in the United States, Canada, and Mexico. A $3 million revolving credit facility for a fast-growing beverage brand with institutional investors and celebrity backing Read Story

November 13, 2024 @ 08:00 AM

Franklin Capital announced that Bob Seidenberger has joined Franklin Capital as Vice President of Sales. Seidenberger will focus on advancing Franklin Capital’s growth strategy and growing our sales team. With almost 20 years in commercial finance, including recent roles at Bridgeport Capital and Bay View Funding, and a strong commitment to helping businesses secure working capital, he brings substantial industry knowledge to our senior team.In this role, Seidenberger will collaborate closely Read Story

November 13, 2024 @ 07:10 AM