Legacy Corporate Lending, an independent asset-based lending company focused on serving the needs of middle market companies across North America, announced the appointment of Lisa DeSantis Adams as Managing Director of Originations.Adams adds over three decades of financial services leadership across ABL, leveraged finance, mergers & acquisitions and structured finance. Prior to Legacy, she served as Senior Vice President for Business Development at Gibraltar Business Capital, where she focused
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February 21, 2025 @ 08:15 AM
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Trinity Capital, an alternative asset manager, announced the commitment of $15 million in growth capital to Cagent Vascular, a leading developer of serration technology for vessel dilation in endovascular interventions. This capital augments $45 million of equity financing led by US Venture Partners in 2024.Cagent Vascular is a medical device company pioneering innovative vascular treatment technologies. The company's flagship product, Serranator, helps improve angioplasty procedures by
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February 21, 2025 @ 08:05 AM
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A rapidly growing fragrance manufacturer had an opportunity to expand its sales into big box retailers like Walmart, Target and Costco, but needed capital to produce inventory to meet projected new channel demands. The company, having experienced success primarily through television sales, was now looking to expand into the big-box retail space and accelerate its already fast-paced growth.To achieve this expansion, the company was in the process of working to increase its senior lending facility
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February 21, 2025 @ 08:00 AM
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TAB Bank closed a $5 million Lender Finance facility with a Nevada-based company specializing in factoring financing for farmers, agricultural businesses and fresh produce exporters in Mexico. This partnership enables the agriculture finance company to expand its operations and empower small- to mid-size growers globally by supporting their funding needs.Built by growers for growers, the company provides a financial solution tailored to the next generation of agricultural businesses. With
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February 21, 2025 @ 08:00 AM
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SSG Capital Advisors served as the investment banker to Gibbs Die Casting Corporation, a subsidiary of Koch Enterprises, Inc. (“KEI”), in the sale of 100% of its equity ownership interests to Architect Equity. The transaction closed in January 2025. Transaction details shall remain confidential. Founded in 1965 and located in Henderson, Kentucky, Gibbs’ core capabilities include advanced engineering, experienced tool & die development and production, die casting and machining & assembly. Gibbs
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February 21, 2025 @ 07:59 AM
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nFusion Capital announced that Michael Haas has joined its team as Senior Vice President, bringing more than two decades of senior business development experience. Based in our Phoenix, Arizona office, he will lead efforts to develop and maintain client and referral relationships as well as loan originations. He brings deep expertise in providing financial solutions with a special focus in financial sponsors, government contractors and Alaska Native Corps, Tribal Entities and Native Hawaiian
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February 21, 2025 @ 07:55 AM
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Celtic Capital announced its most recent new client relationship – an Eastern Midwest job shop manufacturing company of electronic assemblies for customers primarily in the general region. The company was seeking to repay a small line of credit with its bank as well as a paydown of some subordinated junior capital. Celtic Capital provided a $2.5 million Accounts Receivable Line of Credit and a $500,000 Inventory Line of Credit to meet the company’s objectives and provide ongoing working capital.
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February 21, 2025 @ 07:47 AM
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AP Equipment Financing closed a new $130 million term securitization facility with Mizuho Bank. The additional bank facility increased AP’s capital stack to over $600 million.“We are very excited to partner with Mizuho Bank and expand upon our existing lending relationships with yet another quality organization,” said Zack Marsh, CLFP, SVP at AP Equipment Financing. “The investment we made to lay the groundwork for this type of facility will provide AP the opportunity to more easily create these
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February 20, 2025 @ 08:10 AM
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Cambridge Savings Bank (“CSB”), a full-service mutual bank with a customer-first approach and $7 billion in assets, today announced that its Asset-Based Lending (“ABL”) team has provided a $10 million revolving line of credit to Belle Brands, a portfolio of personal care companies of Windsong Global and a small group of co-investors. In January 2024, Windsong acquired Pipette, a leader in clean baby personal care essentials and JVN, a brand renowned for celebrating individuality and artistry in
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February 20, 2025 @ 08:10 AM
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SLR Digital Finance, a leading provider of asset-based lending solutions for the digital media industry, announced the closing of a new senior secured credit facility for an over-the-top (OTT) streaming platform. The new facility consists of a revolving line of credit to support the platform’s working capital needs and continued growth.“We are thrilled to support this OTT company and their growth initiatives with this upsize financing”, said Jeffrey Austin, SVP at SLR Digital Finance. “The
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February 20, 2025 @ 08:07 AM
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Encina Lender Finance announced a $75 million senior credit facility to a fast-growing fintech to support growth of its corporate charge card program. The facility is secured by a highly diversified pool of small balance, short-duration corporate charge card receivables.
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February 20, 2025 @ 08:05 AM
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eCapital Corp. (“eCapital”), a tech-enabled finance provider specializing in tailored solutions for businesses across North America, has closed a $5 million factoring facility for a technology-driven automation company serving energy producers. Headquartered in Indiana, the company sought financing to improve cash flow, enhance operational efficiencies and scale efficiently amid changing market demands.Unable to secure traditional bank financing, the company needed a lender with deep vertical
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February 20, 2025 @ 07:56 AM
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Republic Business Credit announced the hiring of Chris Costello as SVP, Underwriter. Costello will join Republic’s New Orleans office, reporting directly to the Head of Underwriting, Brian Daray. Costello is a seasoned professional with extensive experience in Asset Based Lending (ABL), bringing a wealth of credit, portfolio and transaction expertise to Republic's ABL capabilities.Costello joins Republic with a distinguished lending career in secured finance, including seven years as a field
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February 20, 2025 @ 07:55 AM
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The International Factoring Association (IFA) announced that NN6 LLC and Coface Services North America Inc. have been named Preferred Ally Members. IFA Ally Membership is open to companies that deliver a diverse range of products, services, and solutions to factoring companies and contribute to the overall prosperity and advancement of the industry. IFA Preferred Ally Members surpass the typical Ally Member by providing discounts or specialized services exclusively for IFA members. Each
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February 20, 2025 @ 07:45 AM
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FreightCar America, a diversified manufacturer and supplier of railroad freight cars, railcar parts and components, closed a new Asset-Based Lending (“ABL”) credit facility with Bank of America. The new ABL credit agreement will provide FreightCar America with a $35 million revolving credit facility and be used to optimize working capital needs and improve financial flexibility.Highlights
The Company secured a new $35 million ABL credit facility with Bank of America
New facility
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February 19, 2025 @ 08:16 AM
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