Solifi, a global leader in secured finance technology, announced the acquisition of DataScan, a trusted North American leader in wholesale finance and inventory risk management.Founded in 1989 and headquartered in Alpharetta, GA, DataScan has been at the forefront of the wholesale finance and risk category for more than 30 years, serving over 45 major banks and captive lenders. Its core offerings include:
Wholesale Intelligence: Loan servicing for wholesale lenders across North
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September 24, 2025 @ 08:15 AM
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White Oak Commercial Finance (“WOCF”), an affiliate of White Oak Global Advisors (“White Oak”), provided a $20 million ABL Revolver Facility, with a $5 million uncommitted accordion and $1 million sublimit for letters of credit, to Lulu’s Fashion Lounge, LLC, the popular online retailer of fashion-forward clothing for women. The facility will be used in part to service existing debt obligations and support the Company’s sustainable growth objectives.“We are pleased to work with Lulu’s as it
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September 24, 2025 @ 08:10 AM
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Sports Illustrated Tickets secured a $50 million credit facility led by Eagle Point Credit Management LLC (“Eagle Point”) and with Feenix Venture Partners. The credit facility will fuel several strategic priorities for Sports Illustrated Tickets, including expanding its inventory, enhancing customer experience through technology, and deepening partnerships across leagues, teams, and venues.“Securing this $50 million facility from Feenix Venture Partners and Eagle Point represents more than just
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September 24, 2025 @ 08:01 AM
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Webster Bank announced Nicholas Quartarano has joined Webster Private Bank as a Managing Director and Relationship Manager for the Westchester County, Lower Hudson Valley and Northern New Jersey regions.Quartarano brings more than 15 years of experience in wealth management at large financial institutions and a client-centric, holistic approach to Webster Private Bank. He will deliver a full offering of products and services including customized lending solutions, investment, trust and estate
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September 24, 2025 @ 07:58 AM
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Great Rock Capital closed a $40 million senior secured revolving facility with FLANDERS. A portfolio company of Center Rock Capital Partners, FLANDERS is an industry-leading global manufacturer and service provider for heavy industrial machinery and severe-duty applications.The new revolving credit facility refinanced the company’s existing debt while providing incremental liquidity and financial flexibility to support growth initiatives. “For more than 75 years, FLANDERS has been a trusted
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September 24, 2025 @ 07:57 AM
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Mitsubishi HC Capital America is strengthening its working capital team with the appointment of Aaron Dever as Business Development Director, Business Finance. Dever will be spearheading the origination and structuring of asset-based lines of credit, collaborating with referral partners, and serving as a vital resource for business owners and trusted advisors for the company. “Aaron’s deep expertise in asset-based lending and his strong track record make him a great fit for our team,” said
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September 24, 2025 @ 07:52 AM
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Ares Commercial Finance (“ACF”) served as Administrative Agent to provide a $150 million senior secured asset-based revolving line of credit to DP Corporation, d/b/a Lifted Trucks. Lifted Trucks, a portfolio company of Nonantum Capital Partners and TRP Capital Partners, is a Phoenix, Arizona-based upfitter and dealer of custom pickup trucks, Broncos, SUVs and Jeeps. The Company’s existing lender, UMB Bank, n.a. also participated in the financing.“We are excited to collaborate with Lifted Trucks’
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September 24, 2025 @ 07:44 AM
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SLR Business Credit funded a $4 million accounts receivable credit facility to a fast-growing Indian snacks and sweets distributor headquartered in New Jersey.The credit facility is secured against invoices from large distributors, providing the company with flexible working capital to accelerate inventory purchases and support scalable business growth. The facility is designed to expand alongside the company’s evolving revenue and operational needs.“A key differentiator of this credit facility
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September 24, 2025 @ 07:40 AM
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First National Capital Corporation (FNCC), a full-service provider of commercial equipment and project finance, closed a $22 million in strategic financing for a leading packaging and printing company to support a transformative contract with a blue-chip customer. The client, a packaging and printing firm, faced challenges such as tight debt coverage at 1.2x, limited liquidity, and long lead times for capital investments. After securing a $22 million contract requiring new equipment, they
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September 24, 2025 @ 07:00 AM
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Trinity Hunt Partners, a growth-oriented private equity firm, announced that its healthcare advisory platform has branded as Acuvance. Acuvance unites leading firms on a national platform, offering strategic, operational, financial, clinical, technology, and compliance expertise to help healthcare organizations adapt, perform, and grow. Acuvance was initially formed through Trinity Hunt's foundational investment in Coker in December 2023, and the platform has subsequently made five strategic
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September 24, 2025 @ 12:00 AM
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CleanSpark expanded its capital strategy by increasing its Bitcoin-backed credit facility with Coinbase Prime by $100 million. The $100 million in financing will be deployed into strategic capital expenditures, including expanding CleanSpark's energy portfolio, scaling its Bitcoin mining operations, and investing in high-performance computing (HPC) capabilities."We are proud to expand our relationship with Coinbase Prime as we continue to add megawatts to our portfolio and take steps toward
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September 23, 2025 @ 08:17 AM
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Omnicare, a subsidiary of CVS Health announced it has initiated a voluntary court-supervised Chapter 11 process to resolve issues related to its recent litigation in the U.S. District Court for the Southern District of New York. The Company also intends to use this process to address other financial challenges facing the broader long-term care pharmacy industry and to evaluate its restructuring options, including the implementation of a standalone restructuring or sale strategy.Omnicare remains
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September 23, 2025 @ 08:16 AM
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Trinity Capital announced the commitment of $45 million in growth capital to Rapid Micro Biosystems ("Rapid Micro"), an innovative life sciences technology company providing mission-critical automation solutions to facilitate the efficient manufacturing and fast, safe release of healthcare products. Rapid Micro specializes in automating microbial quality control in mission-critical applications such as environmental monitoring, water testing, sterility testing, and bioburden testing. The
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September 23, 2025 @ 08:15 AM
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Tradewind Finance announced a $10 million factoring facility for the U.S. subsidiary of one of the world's largest suppliers of vanadium, a critical mineral used in steel manufacturing. The client is using the funding to enhance its working capital, facilitate growth, and improve its operational efficiency.The company's vanadium products are used in a variety of industrial applications including infrastructure, aerospace, energy, and more. The metal is mined in South America and supplied to
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September 23, 2025 @ 08:05 AM
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Axos Bank, the banking subsidiary of Axos Financial, announced the acquisition of 100% of the membership interests in Verdant Commercial Capital, an independent equipment leasing company with approximately $1.1 billion of loans and leases on its balance sheet at Aug. 31, 2025, including approximately $750 million of on-balance sheet securitizations and $350 million of loans and leases.Verdant originates small to mid-ticket leases between $50,000 and $5 million nationwide in six specialized
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September 23, 2025 @ 08:00 AM
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