Economic twists and turns marked 2023 but the asset-based lending market still saw growth in commitments of working capital, according to data released by the Secured Finance Network (SFNet). And while there were fewer new client deals last year than...
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April 22, 2024, 07:13 AM
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Solifi announced the completion of the integration with Codat, a leading provider of enhanced-connectivity automated solutions. The out-of-the-box functionality enables asset-based lending (ABL) firms to make smarter, faster and actionable credit...
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April 16, 2024, 08:05 AM
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The resilience of the asset-based lending market continued in the fourth quarter, according to data released by the Secured Finance Network (SFNet). Lenders held positive against the backdrop of an uneven economy, but are closely watching portfolios...
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April 12, 2024, 07:13 AM
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Värde Partners, a global alternative investment firm specializing in credit and credit-related assets, announced that it committed $1.3 billion across its asset-based lending and diversified private credit platform in 2023. These investments...
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February 14, 2024, 08:00 AM
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Quasar Capital Partners, a diversified asset-based lender and factor based in Austin, TX, closed a new senior $30 million lending facility and an accordion feature to $40 million with Texas Capital to further expand its funding capabilities.John...
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January 10, 2024, 07:58 AM
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Rosenthal & Rosenthal announced the completion of 23 individual transactions in the second half of 2023, totaling roughly $600 million in volume and $90 million in loans. The various financing facilities will help clients across a multitude of...
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December 19, 2023, 08:00 AM
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Rosenthal & Rosenthal completed three asset based lending transactions across multiple industries. A well-known national sleepwear and novelty giftware manufacturer and distributor of branded, proprietary specialty gifts based in the Northeast was...
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October 03, 2023, 08:00 AM
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Altriarch Asset Management, a South Carolina-based private credit asset manager, announced its new structured capital investment strategy (the “New Strategy”). The New Strategy will deploy capital to factors and asset-backed lending companies...
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September 28, 2023, 08:04 AM
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Marathon Asset Management announced the final close for Marathon Secured Private Strategies Fund III, the third vintage of its closed-end asset-based lending (“ABL”) fund. The Fund, which was oversubscribed, accepted $1.7 billion of capital...
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July 11, 2023, 08:00 AM
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ABL Advisor's offices will be closed on Tuesday, July 4 in observance of Independence Day. We will return with our Daily eNews on Wednesday, July 5. We wish all of our readers a safe and happy holiday!
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July 03, 2023, 06:00 AM
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Medalist Partners, an alternative investment management firm focused on private credit and structured credit, is pleased to announce the final closing of Medalist Partners Asset-Based Private Credit Fund III. The oversubscribed fund is closing with...
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June 29, 2023, 07:50 AM
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Combined (bank and non-bank) business lenders’ confidence stayed slightly positive during the first quarter of 2023, at 50.3 points, yet that was a 5.8-point decline from the last quarter of 2022, according to the Asset-Based Lending Index released...
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June 27, 2023, 07:45 AM
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There was solid growth in commitments and outstandings in the asset-based lending market last year and portfolio performance was strong, according to data released by the Secured Finance Network. The factoring industry proved similarly resilient in a...
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April 26, 2023, 07:40 AM
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Steady confidence in the asset-based lending market marked the fourth quarter, according to data released by the Secured Finance Network. Lenders maintained a positive outlook despite persistent inflation and rising interest rates. SFNet surveyed...
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April 14, 2023, 07:36 AM
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Accord Financial Corp. expanded their Canadian Asset Based Finance/Factoring senior management team to include Karim Habib as Managing Director, Business Development Ontario and Western Canada. His responsibilities will include expanding Accord's...
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October 12, 2022, 07:50 AM
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Mountain Ridge Capital ("MRC"), an asset-based commercial finance company, announced its official launch.Strategically backed with equity from Arena Investors, Mountain Ridge Capital is focused on originating, underwriting and managing asset-based...
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June 24, 2022, 08:00 AM
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Pacific Western Bank announced Scott Frederick has joined the bank as a Senior Vice President, Business Development Officer on its asset-based lending team. He will be located in Oak Park, IL. He will be driving the bank’s efforts to deliver...
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March 23, 2022, 07:58 AM
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CIT, a division of First Citizens Bank, announced that its Asset-Based Lending business arranged a senior secured credit facility for FPA WhiteHawk III-Plus Master Fund L.P. to facilitate the Fund's investments. The FPA WhiteHawk Fund seeks to earn...
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January 26, 2022, 07:53 AM
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Rosenthal & Rosenthal completed a $2.5 million asset based lending deal to support the growth capital needs of a company specializing in video remote interpretation technology. A relatively young brand, the company was experiencing tremendous demand...
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January 26, 2022, 07:30 AM
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Tiger Finance closed on a $13.75 million term loan for Waller, Texas-based Laney Directional Drilling—a full-service trenchless construction and engineering firm known for its highly complex drilling operations on major infrastructure projects.The...
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January 06, 2022, 08:14 AM
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Gibraltar Business Capital has bolstered its team of senior-level credit and asset-based lending professionals with the addition of Jeff Stanek as Executive Vice President. With a proven record of developing and managing strong and diverse portfolio...
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November 17, 2021, 08:00 AM
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SG Credit Partners announced its acquisition of Stonegate Capital Holdings (“Stonegate”) and its entry into asset-based lending with a focus on high-growth consumer and recurring revenue verticals. Stonegate will operate independently as a new...
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November 02, 2021, 08:00 AM
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eCapital Corp. announced?it has named Brian Cuttic Managing Director, Asset Based Lending (ABL). He brings over three decades of experience to the role and will be instrumental in serving the ABL needs of small and medium-sized businesses across...
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November 02, 2021, 07:40 AM
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Rosenthal & Rosenthal announced a series of executive leadership changes as part of the firm’s focus on long-term strategic growth and exceptional client service. Family-owned and independent for 83 years, Rosenthal is promoting several individuals...
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September 29, 2021, 08:00 AM
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Crossroads Systems, a holding company focused on investing in businesses that promote economic vitality and community development, announced a merger with Rise Line Business Credit ("Rise Line"), a nationwide asset-based lending firm that provides...
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September 28, 2021, 07:52 AM
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Great Elm Capital Corp. (GECC), a business development company, has acquired a majority equity interest in Lenders Funding, LLC (Lenders) a private funding and risk sharing source for factors and asset-based lenders.Established in 2000, Lenders...
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September 21, 2021, 08:04 AM
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FGI Worldwide announced the hiring of David Ding as a Managing Director based out of the New York office. In this capacity, Ding will be leading the expansion of FGI’s asset-based lending capabilities in the North American marketplace.“The entire...
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September 16, 2021, 08:10 AM
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IDS, a leading provider of mission-critical enterprise solutions for secured finance, announced that it has completed the migration of IDS ABL to IDScloud, a leading SaaS-based solution for secured finance. Now asset-based lenders can gain access to...
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July 07, 2021, 07:57 AM
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BankFinancial announced the expansion of its Commercial Finance Division and the appointments of Carol Bader Apicella as Senior Vice President – Government Finance, and Lindsay Gordon as Senior Vice President - Commercial Finance.Based in Tyson’s...
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July 06, 2021, 08:08 AM
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Heritage Bank of Commerce announced that the Bank continues to expand its Specialty Finance Group. The Specialty Finance Group consists of Bay View Funding’s national factoring business and the Bank’s national Asset-Based Lending (“ABL”)/Corporate...
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June 30, 2021, 08:02 AM
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Callodine Commercial Finance announced the hiring of Kathy Dimock and Michael Watson as key additions to the firm. Both bring years of experience in the asset-based lending space and complement the firm’s existing team and capabilities.Ms. Dimock...
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June 14, 2021, 08:00 AM
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This year’s Asset-Based Capital Conference, March 9-11, is designed to attract newcomers to capital markets as well as seasoned professionals, with a first-ever “boot camp” kicking off the event and special company pricing to encourage unlimited...
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February 25, 2021, 07:10 AM
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Northpoint Commercial Finance (“Northpoint”), a North American diversified financial services company, has broadened its financing solutions to include asset-based lending for U.S.-based middle-market companies. Northpoint is a market leader in...
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November 10, 2020, 08:30 AM
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ABL Advisor released a new video interview featuring Kathleen Lepak, Asset Based Lending Business Director, People’s United Business Capital, who discusses the challenges faced by credit underwriting and portfolio management teams in the COVID-19...
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July 15, 2020, 09:00 AM
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Morgan Lewis has hired Rick Denhup, a veteran finance lawyer who has advised banks and other financial institutions for nearly 20 years, to be a partner in its Global Finance Practice. He will be resident in the New York office.Denhup focuses on...
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July 31, 2018, 07:00 AM
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Capital Business Credit, a globally integrated financial products and services company, announced that Martin Schnurr will join the CBC team to grow its factoring and trade finance business in the Southeast. Schnurr brings to CBC more than 35 years...
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December 04, 2013, 07:51 AM
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Wells Fargo Capital Finance announced that it served as lead arranger in a $1 billion credit facility for SpartanNash that will be used for working capital and general corporate purposes including the recent completion of the Spartan Stores, Inc. and...
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December 03, 2013, 07:48 AM
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Accord Financial Corp. announced that it has acquired a portfolio of factoring and asset-based loans from Brome Capital through its subsidiary, Accord Financial Inc. (AFI). After taking into account the acquisition, Accord's portfolio of loans...
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October 14, 2013, 07:41 AM
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