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Fifth Third Bank Appoints Eck and Stapel Co-Leaders of Asset-Based Lending Group
Fifth Third Bank announced the appointment of two industry veterans as co-leaders of Fifth Third’s Asset Based Lending group.Greg Eck has been appointed SVP, ABL Group Head, Fifth Third Bank and William Stapel has been appointed SVP, ABL Group Head, Fifth Third Business Capital.Together, Eck and...
PNC Provides $27.5MM Debt Financing to Luna Innovations
Luna Innovations entered into an agreement for a new secured debt facility for $27.5 million. The facility is supplied by PNC Bank. The new agreement includes a three-year $12.5 million term loan facility and a three-year $15.0 million revolving credit facility.The new term loan and a portion of the...
AICPA, 560+ Business Organizations Urge Congress to Immediately Pass PPP Expense Forgiveness Legislation
The American Institute of CPAs (AICPA) and a coalition of more than 560 organizations representing millions of employers and American workers sent Congressional leaders a letter urging passage of legislation making it clear that expenses related to a forgiven Paycheck Protection Program (PPP) loan...
Siena Lending Group Closes $25MM Credit Facility to Support Acquisition of Baker Hughes Business Unit
Siena Lending Group complted a $25 million asset-based revolving line of credit for Vault Pressure Control LLC (“Vault Pressure Control”). The facility was provided in conjunction with Pelican Energy Partners to fund the acquisition as well as for working capital needs to support future growth.Vault...
Understanding the New Small Business Reorganization Act
Al Davis
The Chapter V subsection of Chapter 11, known as the Small Business Reorganization Act, was designed to let smaller...
10/29/2020 Topic: Bankruptcy
How will you survive, grow and scale your asset-based lending business in the...
Topic: Technology
Bill Lawrence of Revitalization Partners discusses the importance of businesses...
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