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Encina Lender Finance Provides Inaugural Senior Credit Facility to Urban Us Capital
Encina Lender Finance provided an inaugural senior credit facility to Urban Us Capital, a leading venture capital platform providing both structured equity and debt investments engaged in origination and servicing of asset-backed capital to early-stage companies and startups focused on upgrading...
Haversine Funding Announces the Closing of Multiple Transactions
Haversine Funding announced the following recently closed transactions: $13,000,000 senior secured, lender finance facility to an equipment lender specializing in truck and trailer loans across the U.S. This asset based lender has continued to increase sales, employees and improve processes over...
Wells Fargo CDF Agents Credit Facility Increase to $375MM for ePlus
ePlus announced that its subsidiaries ePlus Technology, inc., ePlus Technology Services, inc. and SLAIT Consulting, LLC (collectively, the "Borrowers") recently amended, restated and replaced in their entirety their existing credit agreements with Wells Fargo Commercial Distribution Finance...
CIT Provides $4.4MM in Financing for Heavy Equipment Acquisition
CIT Group announced that the Industrial group within its Equipment Finance business has provided about $4.4 million in financing toward the acquisition of multiple pieces of heavy equipment.The equipment consists primarily of yard loaders and articulated dump trucks, which the client is using to...
Using Technology to Identify Errors and Prevent Invoice Fraud in the Factoring and ABL Industries
Jeffrey Knopman
Factors and asset-based lenders must address the risks of invoice fraud and processing errors. Unfortunately, factors...
5/25/2021 Topic: Technology
There is an opportunity for technology-enabled ABL to have a strong 2021.
How will you survive, grow and scale your asset-based lending business in the...
Topic: Technology
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