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CIT Group announced that its Supply Chain Finance unit, part of its Commercial Services division, is expanding its capabilities to better serve its financing clients. Buyers and suppliers can now optimize their working capital by leveraging Supply... Read Story

Filed Under: Supply Chain Finance
October 22, 2019 @ 09:10 AM

Middle market private companies in the Golub Capital Altman Index experienced approximate year-over-year earnings growth of 13.2% and revenue growth of 9.6% during the first two months of the third quarter of 2019. This compares to approximate... Read Story

Filed Under: Industry News
October 22, 2019 @ 08:52 AM

Crestmark secured a total of $5,100,000 in ABL financial solutions for six new clients; Crestmark Equipment Finance provided $4,048,244 in six new lease transactions; Crestmark Vendor Finance provided $8,025,138 in 81 new lease transactions; and the... Read Story

October 22, 2019 @ 08:40 AM

Capital One announced that it served as administrative agent for a $108.9 million loan to a joint venture owned by Sino-Ocean Capital and Meridian Senior Living. The borrower will use a portion of the proceeds to acquire two senior housing... Read Story

October 22, 2019 @ 08:30 AM

Santander Bank unveiled its global Santander Cash Nexus solution for Commercial Banking and Corporate and Investment Banking clients in North America. This new platform offers clients a comprehensive suite of global connectivity solutions and... Read Story

Filed Under: Banking News
October 22, 2019 @ 08:15 AM

A&G Real Estate Partners, LLC and B6 Real Estate Advisors, LLC, announced a November Bankruptcy Auction for the 15.6-acre campus owned by The College of New Rochelle).   A $21 million Stalking Horse Bid has been approved, with Competing Qualified... Read Story

Filed Under: Industry News
October 22, 2019 @ 08:00 AM

West Creek, a fast-growing fintech company that provides innovative point-of-sale financing, announced it secured a $150 million credit facility from Pollen Street Capital, bringing West Creek’s total credit facility capacity to $250 million. This... Read Story

Filed Under: Lender Finance
October 21, 2019 @ 09:00 AM

Ares Commercial Finance announced that it has provided a senior secured revolving line of credit to Stevens Aerospace and Defense Systems LLC.  The company is owned by principals of the NTC Group, Inc.  Proceeds of the financing will be used to... Read Story

Filed Under: Aerospace
October 21, 2019 @ 08:50 AM

Investors Bancorp, Inc. announced that its banking subsidiary Investors Bank formed an alliance with ODX, a leading digital small business originations platform and a subsidiary of On Deck Capital, Inc. Investors Bank will deploy ODX's digital loan... Read Story

Filed Under: Industry News
October 21, 2019 @ 08:22 AM

DURA Automotive Systems, LLC, a leading global automotive supplier specializing in the design, engineering, and manufacturing of automotive mobility products, including parts and systems to support the industry’s shift to electric vehicles, announced... Read Story

Filed Under: Automotive
October 21, 2019 @ 08:12 AM