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Week's News

Waterfall Asset Management, LLC, an alternative asset manager, announced the launch of its Specialty Commercial Finance Group (SCFG).  SCFG, led by Andrea Petro, has been established to provide high yield senior secured debt to specialty commercial... Read Story

September 20, 2018 @ 07:37 AM

JPMorgan Chase Commercial Banking announced the launch of the Emerging Growth industry group within Middle Market Banking & Specialized Industries (MMBSI) and appointed Alton McDowell, a veteran banker, to lead the effort. The industry group is an... Read Story

Filed Under: New Venture
September 20, 2018 @ 07:35 AM

Steven Gold, president and CEO of Allied Financial Corporation has been named the Commercial Finance Association (CFA) 2018 Leadership Award Recipient, honoring his leadership in the Asset-based Lending and Factoring Industry. Steven will be... Read Story

September 20, 2018 @ 07:18 AM

White Oak Healthcare Finance, LLC announced it acted as sole lender and administrative agent on the funding of a $33.2 million senior credit facility for Granite Investment Group (Granite).  The funds were used to refinance a portfolio of four... Read Story

Filed Under: Nusring Facilities
September 20, 2018 @ 07:17 AM

Accord Financial Corp. announced that it has appointed Simon Hitzig as President and Chief Executive Officer effective October 1, 2018. Hitzig takes on the role as Accord completes a five-year transformation, becoming one of North America's leading... Read Story

September 20, 2018 @ 07:14 AM

Stein Mart, Inc. announced that it has extended and amended its existing revolving credit agreement with Wells Fargo Bank (Wells Fargo) and its term loan agreement with Gordon Brothers Finance Company (GBF).  These agreements are coordinated through... Read Story

Filed Under: Retail
September 20, 2018 @ 07:13 AM

MidCap Business Credit announced that it has completed an $8.5 million asset based credit facility to Elastic Fabrics of America, Inc.  Elastic Fabrics, headquartered in Greensboro, North Carolina, is manufacturer of textile goods selling into the... Read Story

Filed Under: Textiles
September 20, 2018 @ 07:05 AM

Hyde Park Ventures, a private investment management company, announced the acquisition of 16 Five Guys franchises across New England making it the third largest Five Guys franchisee in the United States. In total, Hyde Park now owns 32 Five Guys... Read Story

Filed Under: Restaurant
September 19, 2018 @ 08:39 AM

There is good news and bad news for small businesses in Q3: while they report a high degree of success securing bank loans in the prior three months, they are facing a growing problem attracting and retaining quality workers, according to the Q3 2018... Read Story

Filed Under: Economic Commentary
September 19, 2018 @ 08:29 AM

CIT Group Inc. announced that its Maritime Finance unit served as sole lead arranger on a $93.7 million senior secured credit facility for Tanker Solutions LLC, a shipping company managed by Prime Marine, a leading operator of international shipping... Read Story

Filed Under: Shipping
September 19, 2018 @ 08:20 AM