ACT Research reported preliminary NA Class 8 net orders in September were 53,700 units, while NA Classes 5-7 net orders were 26,600 units. Complete industry data for September, including final order numbers, will be published by ACT Research in...
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October 05, 2022, 07:00 AM
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TAB Bank provided a transportation company in Michigan with a $2 million asset-based credit facility. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs.Operating mostly in the...
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November 09, 2021, 07:26 AM
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TAB Bank provided a $5 million rediscount credit facility for a trucking factoring company based in Michigan. The facility is based on a multi-year agreement and will provide the means necessary to grow and expand the company’s growing portfolio....
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March 24, 2021, 08:00 AM
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TAB Bank announced it has provided a $1 million asset-based credit facility for a transportation company located in Michigan. The facility is based on a multi-year agreement and will provide for the company’s ongoing working capital needs. In...
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December 08, 2020, 08:00 AM
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A heavy haul transportation company in Texas has chosen TAB Bank for a $3.5 million asset-based revolving credit facility. The new facility is extended through a multi-year agreement and will provide the means to fund growth for the company.The...
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November 20, 2020, 07:00 AM
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Car-as-a-Service provider Fair announced it has closed a $50 million debt facility from Silicon Valley Bank (SVB) to buy cars for its users—the latest in a series of many such transactions the company is making with institutional lenders as it scales...
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January 25, 2019, 09:00 AM
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Ares Commercial Finance announced that it has provided a $20 million senior secured revolving line of credit to TBL Group, Inc. (TBL). TBL is supported by Enhanced Small Business Investment Company, LP. Proceeds were used to refinance existing debt...
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November 07, 2018, 08:01 AM
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TAB Bank announced it has provided a $1 million revolving credit facility for a transportation company located in Oklahoma. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital...
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October 12, 2018, 07:00 AM
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Pacific Mercantile Bank, the wholly owned subsidiary of Pacific Mercantile Bancorp, announced that it has provided a $3.0 million credit facility to Avalon Transportation, consisting of a commercial term loan and a revolving line of credit. In...
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September 27, 2018, 08:00 AM
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By order of the U.S. Bankruptcy Court, Tiger Group in cooperation with Liquidity Services is conducting an online-only offering of late-model Kenworth, Peterbilt and other oilfield tractor trucks and crude oil tanker trailers formerly owned by S&S...
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September 19, 2018, 08:00 AM
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Peter Lowney, President, announced that First Business Capital Corp. recently closed and funded a $3,400,000 credit facility including a revolving line of credit and equipment term loan for a private equity backed transportation and storage business...
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June 12, 2018, 07:00 AM
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GreenPower Motor Company Inc. announced that it intends to enter into a new credit facility for $2 million.BMO Bank of Montreal is providing GreenPower with a revolving operating demand loan for US $2,000,000, which bears interest at the US bank rate...
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May 25, 2018, 07:00 AM
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Hilco Industrial Acquisitions Canada ULC has announced that they have purchased the assets formerly owned by the Saskatchewan Transportation Company (STC). The government of Saskatchewan ceased operations of STC in mid-2017. Hilco will be conducting...
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January 17, 2018, 08:00 AM
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Transfac Capital, Inc., has created a new group focused solely on serving the Transportation Industry. The Company has hired Jefferey Hogg as the first Regional Vice President for the group. Hogg began his 20+ year career as a commercial driver...
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December 13, 2017, 08:01 AM
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Capital Foundry Funding, LLC (CFF), a subsidiary of Pittsburgh’s Capital Foundry, LLC (Capital Foundry), announced that it has provided a $2 million revolving line of credit to a fleet refueling company located in New York City. The financing...
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November 02, 2017, 07:00 AM
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Big Shoulders Capital, an asset-based lender, provided a $1 million senior secured term loan to fund the acquisition of a crude oil transportation company.
By working closely with the company, Big Shoulders was able to close and fund the transaction...
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July 06, 2017, 07:01 AM
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Trucker Path, America’s popular freight-matching platform, secured $30 million debt financing from Flexible Funding with the participation of Silicon Valley Bank to scale its financial services offered to trucking companies.Trucker Path helps...
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June 20, 2017, 07:30 AM
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Bibby Transportation Finance (BTF) announced a $500,000 factoring facility for 3A Express, a Michigan-based transportation company specializing in over-the-road (OTR) and refrigerated trucking. 3A Express holds contracts with some of the top shipping...
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May 18, 2017, 08:00 AM
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Sallyport Commercial Finance recently provided a $1.5 million accounts receivable facility to a distribution and transportation company that hauls high-grade minerals from a mine owned by a group company, to a well-rated customer base.Sallyport...
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April 17, 2017, 07:00 AM
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North Mill Capital announced the funding of a $2 Million accounts receivable credit facility for Air Contact Transport.The funds were utilized to pay off the company's existing lender and provided additional working capital. Air Contact Transport...
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March 14, 2017, 07:00 AM
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Tetra Capital, a factoring company specializing in the transportation industry, announced recently provided factoring facilities for six new transportation companies. The factoring facilities included:
$40,000 to a Dry Van Company in the West...
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December 22, 2015, 07:04 AM
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Tetra Capital, a factoring company specializing in the transportation industry, announced they recently provided factoring facilities for four new transportation companies. The factoring facilities included:
$25,000 to a Refrigerated Freight...
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July 13, 2015, 07:17 AM
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GA Advisory and Valuation Services LLC, a division of Great American Group (GA), has published its inaugural issue of the Transportation Monitor, a bi-annual publication that provides analysis of the transportation industry from a manufacturing and...
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June 19, 2015, 07:29 AM
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Tetra Capital, a factoring company specializing in the transportation industry, announced the company helped 97 new transportation companies get the financing they needed in 2014.
“We are pleased to have been able to provide freight bill factoring...
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January 16, 2015, 06:46 AM
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Tetra Capital, a factoring company specializing in the transportation industry, announced the firm recently provided factoring facilities for six new transportation companies. The factoring facilities included:
$200,000 to a Texas based...
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November 07, 2014, 07:02 AM
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Amerisource announced the closing and funding of a $5 million revolving credit facility for a transportation and logistics company headquartered in California.
This growing company has experienced tremendous growth with a Fortune 100 customer base...
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January 21, 2014, 07:17 AM
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Crestmark closed a total of $1.6 million in financial solutions for three new clients in first two weeks of November. The deals include:
On November 1, a $750,000 ledgered line of credit facility was provided to a Georgia provider of media ink for...
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November 20, 2013, 07:14 AM
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Marquette Business Credit announced it has provided American West Worldwide Express, Inc. with a $2.5 million revolving line of credit to support its continued growth. American West is a full service logistics provider with multiple solutions to...
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November 12, 2013, 08:31 AM
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Access Capital has provided a line of $2.5 Million to an international transportation services company based in New Jersey with additional locations in Hong Kong and California as well as affiliates in Shanghai and Macau, China. The new borrower...
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October 08, 2013, 07:07 AM
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Bibby Financial Services announced that it has funded a Montreal-based transportation company. The business, run by an experienced transportation owner-operator, is seeking to secure financial start-up support in Montreal, a growing region for Bibby...
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September 26, 2013, 07:26 AM
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