Republic Business Credit provided a $6.75 million asset-based loan to an award-winning temporary staffing company that outgrew its current bank lender. The Tennessee-based company provides staffing solutions for light industrial, administrative...
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SLR Business Credit funded a $50,000,000 ABL revolving line of credit for a tech-enabled staffing platform. The funds will be used to provide additional working capital for growth.The company had experienced some losses due to reduced demand....
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February 29, 2024, 07:57 AM
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Boathouse Capital announced the continuation of its partnership with The Re-Sourcing Group following the Company’s recapitalization by MidOcean Partners. Re-Sourcing is a leading provider of strategic staffing, consulting, and direct hire solutions...
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February 06, 2024, 06:00 AM
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Commercial Finance Partners funded a $500,000 accounts receivable (AR) financing facility to a new specialty staffing company. This financial support is designed to enhance the company's ability to manage and expand its operations. The venture, led...
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January 31, 2024, 06:00 AM
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Wintrust Receivables Finance (WRF) closed a new $20 million account receivable line of credit for a Great Lakes-based temporary staffing firm. The Company is a preferred staffing agency for some of the nation’s leading employers within the industries...
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September 07, 2023, 07:26 AM
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Stellus Capital Management announced that its affiliates acted as administrative agent and provided senior debt financing and an equity co-investment in support of BV Investment Partners’ (“BV”) growth-oriented investment in The Hardenbergh Group...
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September 06, 2023, 07:00 AM
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Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and over $6 billion in assets, announced that its Asset-Based Lending (ABL) team provided a $10 million revolving line of credit to Leadpoint Business Services...
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Howard-Sloan Search, a leading New York-based direct hire staffing firm operating for over sixty-five (65) years, developed a temporary staffing vertical. As the Company’s temporary staffing vertical demonstrated rapid growth, leadership at...
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Culain Capital Funding completed a $200,000 and a $250,000 Accounts Receivable Factoring Facility with two startup medical staffing companies based in Texas. Referrals to Culain Capital from a commercial loan broker, the companies complex business...
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O2 Sponsor Finance, a division of Old Second National Bank, provided senior secured credit facilities to support Hastings Equity Partners' acquisition of TERRA Staffing Group ("TERRA").Headquartered in Everett, Washington, TERRA is a leading provider...
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Franklin Capital completed a factoring facility for a non-profit staffing firm. A former client reached out because they were experiencing cash flow difficulties similar to what previously led them to Franklin Capital. The non-profit staffing firm...
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KMG Staffing Inc., dba KMG Healthcare (“KMG”) was recently founded in 2020 in New York by Ken Gelfand who has worked in the staffing industry for two decades. KMG provides trained healthcare talent to hospitals and healthcare facilities.In a short...
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Monroe Capital acted as administrative agent and sole lead arranger on the funding of a senior credit facility to support the acquisition of The Omerta Group by Kingsley Gate Partners, an existing portfolio company of Crescent Cove Private Equity....
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January 12, 2023, 07:50 AM
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Culain Capital Funding completed a $1,000,000 Accounts Receivable Factoring Facility with a startup Specialty Maintenance Staffing Company based in Texas. The specialty maintenance staffing company was started in 2022 to provide custom “stable...
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January 11, 2023, 07:00 AM
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White Oak Commercial Finance provided a $3 million factoring facility to a leading provider of temporary staffing and recruiting services with a more than 70 year history of family ownership successfully serving clients across the country.“We are...
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January 10, 2023, 07:58 AM
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MidCap Financial provided a $150 million senior revolving credit facility to Trusted MidCo, LLC. The MidCap Financial credit facility includes an uncommitted option to increase the total facility size to up to $239 million. Proceeds from the MidCap...
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January 05, 2023, 07:55 AM
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Culain Capital Funding completed a $250,000 Accounts Receivable Factoring Facility with a startup Medical Staffing Company based in Texas.A referral to Culain Capital from a commercial loan broker, the company’s complex business issue revolved around...
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December 08, 2022, 06:01 AM
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Monroe Capital acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of AutoCruitment, LLC by QHP Capital L.P., the management company for NovaQuest Private Equity.Founded in 2013...
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November 01, 2022, 07:38 AM
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Brightwood Capital Advisors acted as sole lead arranger and administrative agent to provide a senior secured credit facility in support of Orangewood Partners’ acquisition of Barrington James.Founded in 2002, Barrington James provides life sciences...
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October 07, 2022, 07:11 AM
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eCapital closed a $15 million ABL revolving credit facility and a $2 million term loan to TalentBridge, a prominent recruiting and staffing agency with offices across the U.S. The deal adds to eCapital’s deep portfolio and unmatched experience in the...
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September 15, 2022, 07:14 AM
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eCapital showcased its commitment to providing faster and more flexible payroll funding solutions to staffing companies by issuing over $53MM in new and increased facilities as of June 2022.Under the guidance of staffing industry financing veteran...
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DHI Group signed an amended and restated credit agreement increasing the size from a $90 million revolving credit facility to a $100 million revolving credit facility, with an accordion feature for an additional $50 million. The facility, previously...
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HireRight Holdings amended and upsized its revolving credit facility, increasing the committed line under the Revolving Facility to $145 million, effective June 3, 2022. As part of the expanded Revolving Facility, Goldman Sachs, Royal Bank of Canada...
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eCapital Commercial Finance announced the issuance of a $10 million asset-based line to a healthcare technology staffing service provider. The demand for healthcare technology consultants is at a record high, requiring the specialized skills of...
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eCapital provided nearly $18 million in payroll funding solutions to 17 staffing companies since the inception of its staffing division in late 2021. eCapital helps staffing businesses get faster approval, more flexibility with hassle-free solutions...
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White Oak Commercial Finance provided a $7 million factoring facility to a technology-focused staffing firm specialized in automating and streamlining temporary staffing services to warehouse and distribution centers throughout the United States.The...
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SLR Business Credit provided a $1 million accounts receivable credit facility. The funds were used to pay off the previous lender and provide additional ongoing working capital for the company.Flexwise Health Inc. is a staffing company for clinical...
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February 17, 2022, 07:00 AM
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LSQ originated a $30 million credit facility for a security staffing and high-tech security technology company that serves clients across the United States. The company will use the additional capital to fund growth for its three business entities...
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February 10, 2022, 07:53 AM
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MidFirst Business Credit (MFBC) provided a $15 million working capital facility to Coast Medical Service, Inc. Headquartered in Los Angeles, Coast Medical is a healthcare staffing company that recruits and hires nurses for placement in both...
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January 25, 2022, 08:02 AM
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SLR Business Credit provided a $5 million accounts receivable credit facility to 365 Personnel. The funds were used to provide additional working capital for the company. Headquartered in Kansas, 365 Personnel, LLC provides industrial and warehouse...
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January 20, 2022, 07:48 AM
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Runway Growth Capital closed a senior secured term loan commitment of $65 million to Snagajob.com, Inc. (“Snagajob”), the nation’s largest marketplace for hourly jobs and shifts. Partnering with 24 of the top 25 hourly-work employers and thousands of...
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January 06, 2022, 08:04 AM
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Amerisource Business Capital closed and funded a $4,000,000 senior credit facility for a nurse staffing firm based in Tennessee. The proceeds were used to fund working capital and continued growth. Andy Allaire, Senior Vice President for...
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October 26, 2021, 07:43 AM
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Wintrust Receivables Finance (WRF) closed a new $20 million credit facility for a Detroit-based provider of engineering and other high-end technical professionals. Through the years, the company has become the preferred staffing agency for some of...
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September 23, 2021, 07:08 AM
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Amerisource Business Capital announced the closing and funding of a $2,500,000 senior credit facility supporting a technology-focused private equity fund’s investment in a healthcare staffing company. Amerisource also made a co-investment to support...
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August 17, 2021, 07:18 AM
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LSQ originated a $5 million facility for a growing staffing agency in Alabama.The facility helped address several strategic business needs. The agency was able to leverage their current accounts receivable to complete a management buyout— generating...
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CIT Group's Asset-Based Lending business served as agent and sole lender on a loan and revolving credit facility for GEE Group Inc., a leading provider of professional staffing services and human resources solutions. Proceeds from the financing will...
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Sterling National Bank's Commercial Services Group provided senior secured credit facilities totaling $5,000,000 to Nextaff Group LLC. Headquartered in Overland Park, KS, Nextaff is a nationwide staffing agency, with each office locally owned and...
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Amerisource Business Capital closed and funded a $1,000,000 senior credit facility for a Texas based healthcare staffing firm. The proceeds were used to refinance the Company’s prior lender and to provide additional growth capital. Allison Billings...
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January 21, 2021, 07:30 AM
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On December 4, 2020, East West Bank and three participating lenders closed on an $80 million revolving credit facility for Madison Resource Funding, LLC (“Madison”), a financing and process outsourcing service provider to the staffing industry....
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December 10, 2020, 08:00 AM
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CIBC Innovation Banking announced it has extended a $15 million credit facility to Yello, a provider of early talent acquisition and recruiting scheduling software. The credit facility will be used to support Yello's continued growth as it further...
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November 18, 2020, 08:45 AM
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eCapital, a leading alternative finance provider in North America, announced the company has provided $900,000 factoring facility to a veteran-owned temporary staffing agency that specializes in the placement of healthcare professionals for the U.S....
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November 09, 2020, 08:50 AM
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Sallyport Commercial Finance approved a $1,750,000 Accounts Receivable facility to a group of staffing companies that provide flexible recruiting services to Canada and the U.S.“Having worked with the owners and management team for several years...
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Oxford Finance LLC, a specialty finance firm that provides senior debt to healthcare services and life sciences and companies worldwide, today announced the closing of a $104.3 million senior secured credit facility to Epic Healthcare Staffing, a...
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Tree Line Capital Partners, LLC, a direct lender focused on the lower middle market, served as sole lender for a first lien term loan to support McNally Capital’s investment in Re-Sourcing Holdings.Re-Sourcing is a leading provider of strategic...
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February 06, 2020, 08:55 AM
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CIT Group Inc. announced that CIT Northbridge Credit, through its investment advisor CIT Asset Management LLC, served as sole lead arranger on a $75 million senior secured credit facility for MVP Staffing.Headquartered in Deerfield, Illinois, MVP...
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January 10, 2020, 09:10 AM
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Sterling National Bank’s Asset Based Lending Group provided senior secured credit facilities totaling $32,000,000 to Butler America Holdings Inc.Founded 46 years ago, Butler is a provider of outsourced specialty staffing services to large and...
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October 09, 2019, 08:55 AM
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SG Credit Partners provided $2 million in second lien growth capital to a founder-owned staffing company that provides a full suite of employment solutions to IT, life sciences, and business services clients.The Company had realized strong revenue...
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The president of a Pennsylvania staffing company was sentenced to 36 months in prison for defrauding a commercial finance lending company out of more than $400,000, New Jersey U.S. Attorney Craig Carpenito announced.Jeremy Hare, 48, of Philadelphia...
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Amerisource Business Capital announced the closing and funding of a $10,000,000 credit facility for an IT staffing company based in California. Proceeds of the facility were used to refinance existing bank indebtedness and provide additional working...
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Gibraltar Business Capital announced the launch of a new service line dedicated to the unique needs of the staffing industry.
“Gibraltar has experience managing the financial needs of staffing agencies across a wide range of industries,” explained...
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September 12, 2017, 07:14 AM
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Kforce Inc., a provider of professional staffing services and solutions, announced it has completed a new $300 million revolving credit facility with a syndicate led by Wells Fargo Bank, N.A. The new credit facility, which expires in May 2022...
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Access Capital announced it has provided a revolving credit facility of $3 million and a term loan of $200,000 to an IT staffing company based in San Diego, CA. The company has been operating for nearly 15 years placing permanent and temporary...
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December 01, 2016, 07:19 AM
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Franklin Square Capital Partners announced an upsizing of its senior secured unitranche loan to support the merger of Air Energi Group Limited with Swift Worldwide Resources Limited, a portfolio company of the New York-based middle market private...
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Monroe Credit Advisors announced that it placed a $25 million senior secured credit facility for SafeGuard World International (“SafeGuard”). SafeGuard is a leading international provider of global payroll, employment outsourcing and human resources...
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TCF Capital Funding ("TCFCF"), the Chicago-based cash flow and asset-based lending division of TCF National Bank, announced that it provided financing to support United American Security (“UAS” or the “Company”), a portfolio company of LaSalle...
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December 03, 2015, 07:35 AM
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CDI Corp. entered into a new secured credit agreement providing for up to $150 million in revolving loans. Bank of America, N.A., acted as administrative agent, joint lead arranger and joint book-runner. Bank of Montreal acted as joint lead arranger...
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November 05, 2015, 07:57 AM
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Franklin Square Capital Partners announced the origination of a new $150 million senior secured loan to Healthcare Staffing Services, Inc. (HSS). Headquartered in Denver, CO, HSS is a leading healthcare staffing firm that specializes in providing...
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October 13, 2015, 08:07 AM
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Prospect Capital Corporation provided System One Holdings, LLC, a portfolio company of MidOcean Partners, with an incremental $11.8 million of first lien senior secured floating rate debt to support the acquisition of AECOM's quality programs...
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Crystal Financial announced the closing of a $12.5 million Senior Term Loan for Aquent, a subsidiary of TRI Ventures, Inc. (“TRI”). Headquartered in Boston, Aquent is the market leader in temporary staffing and outsourced project development in the...
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On Assignment, Inc., a leading global provider of diversified professional staffing solutions, announced today that it has signed a definitive agreement to acquire privately-held Creative Circle, LLC for $570 million in cash and equity, and up to an...
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Staffing 360 Solutions, Inc. announced that the company consummated a $25 million revolving credit facility and $3 million term loan with MidCap Financial, which is managed pursuant to an investment management agreement by a subsidiary of Apollo...
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Citizens Bank announced, in its role as joint lead arranger and co-collateral agent, that it has closed on $180 million in financing to support Santa Barbara, Calif.-based Select Staffing’s merger with Atlanta-based EmployBridge. “Citizens was able...
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Bank of America Business Capital announced it has provided a £115 million credit senior secured facility to Hewden Stuart Limited. The proceeds will be used to refinance existing indebtedness, support working capital and capital expenditure...
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February 23, 2015, 08:06 AM
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Ares Commercial Finance has funded a $9 million senior secured revolving line of credit to Surge Staffing, LLC. Surge Staffing, LLC operates a Staffing and Human Resources solutions company offering a wide variety of services and support, including...
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February 20, 2015, 07:14 AM
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TAB Bank announced it has provided a $2 million revolving credit facility for an IT staffing company located in the Northeast. The company specializes in all areas of IT Solutions, IS Security, IT Staffing, and Integrated Business Solutions. They...
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February 19, 2015, 07:39 AM
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Kforce Inc., a provider of professional staffing services and solutions, has entered into a Third Amendment to its current credit facility with a syndicate of banks led by Bank of America and also including Wells Fargo, JPMorgan Chase and BMO Harris...
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December 24, 2014, 07:13 AM
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Corporate Resource Services, Inc. announced that it has retained the investment banking firm, Carl Marks Advisors, to advise the company on refinancing its current credit facility. Corporate Resource Services, Inc. is a diversified technology...
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December 19, 2014, 07:06 AM
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Schumacher Group (SG) announced that it recently raised $120 million in senior credit facilities. The transaction was led by GE Capital, Healthcare Financial Services. GE Capital Markets and Fifth Third Bank acted as Joint Lead Arrangers and Joint...
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September 09, 2014, 07:44 AM
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NewStar Business Credit, a wholly-owned subsidiary of NewStar Financial, Inc., announced it has provided a $13.5 million revolving credit facility to Quantum Management Services Group (“Quantum”). Established in 1968, Quantum is one of the largest...
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September 02, 2014, 07:42 AM
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Siena Lending Group LLC (“Siena”) announced the completion of a three year, $10 million senior secured revolving credit facility for Hudson Global Resources Management, Inc. (“Hudson”). The facility will be used to repay the company’s existing lender...
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August 13, 2014, 07:17 AM
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Staffing 360 Solutions, Inc. announced an increase of its credit facility up to $15 million with Wells Fargo Bank N.A. The amended credit facility expands a previously existing facility with Wells Fargo Bank and the company's subsidiary, Monroe...
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August 12, 2014, 07:42 AM
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Bibby Financial Services announced that it has funded a $3 million factoring facility for a Maryland-based temporary staffing agency. The company, established in 1988, offers payroll services and temporary staffing recruitment for supporting roles...
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Monroe Capital LLC announced the funding of a $35 million unitranche credit facility to support the refinancing and growth of SNI Companies, Inc.
Based in Des Moines, Iowa, SNI Companies is an award-winning provider of professional staffing in the...
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Amerisource announced the closing and funding of a $1.6 million credit facility for a business intelligence and IT services staffing and consulting company based in Georgia.
The company was referred to Amerisource by its previous lender when the...
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October 28, 2013, 07:17 AM
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Bank of America Business Capital announced it has provided a new $85 million credit facility to Seaton Corp. Proceeds will be used to refinance debt and support working capital, and the facility has been structured to increase seasonally to fit the...
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September 24, 2013, 07:51 AM
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Engility Holdings, Inc. announced that it has replaced its existing $400 million senior secured credit facility with a new $450 million senior secured credit facility. Bank of America, N.A. continued as administrative agent for the new credit...
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August 13, 2013, 07:49 AM
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Transfac Capital, Inc., a specialty finance company providing accounts receivable financing to small and mid-sized companies, announced the payroll financing of a multi-location staffing firm based in Georgia.Mari Dezham, Account Executive Manager of...
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August 08, 2013, 07:06 AM
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On Assignment, Inc., a leading global provider of diversified professional staffing solutions, announced today that it has closed on a new $500 million credit facility, which is a refinancing of the previous credit facility. The new $500 million...
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