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  Gerber Finance provided an $11 million line of credit to a prominent Brooklyn-based real estate holding company. This is the second deal under Gerber Finance’s new Gerber+ division that services businesses seeking funding ranging from $10 to $25... Read Story

Filed Under: Real Estate
January 19, 2021 @ 08:17 AM

Huntington Business Credit closed a new $17,500,000 credit facility with InfoCision Inc. on December 30, 2020. Proceeds of the facility were used to refinance existing indebtedness and to provide ongoing working capital growth financing.            ... Read Story

Filed Under: Marketing
January 19, 2021 @ 08:15 AM

In the first in transaction of its ten-year anniversary, Abacus Finance Group announced that it served as Senior Secured Credit Facilities Administrative Agent and Lead Arranger for $26.3 million in senior secured credit facilities to support the... Read Story

January 19, 2021 @ 08:00 AM

Bryn Mawr Trust announced that George Robostello has joined the company as Senior Vice President and Managing Director of Commercial Banking, Southern New Jersey region. He reports directly to Jim Donovan, Head of Commercial and Industrial Banking... Read Story

January 19, 2021 @ 07:40 AM

CIT Group's Maritime Finance business served as sole lead arranger on a $56 million senior secured financing on behalf of Seamax Container Shipping II LLC. The loan is secured by four containerships operated by Seamax Shipping, an existing CIT client... Read Story

Filed Under: Shipping
January 19, 2021 @ 07:00 AM

eCapital Commercial Finance (“eCapital”), a division of eCapital Corp. provided a $1.5 million debtor in possession (DIP) factoring facility to an industrial LED lighting company in Chapter 11 bankruptcy. The company will utilize the factoring... Read Story

Filed Under: Factoring News
January 19, 2021 @ 06:24 AM

The Toronto-Dominion Bank (TD) and Wells Fargo & Company announced a definitive agreement, subject to certain closing conditions, for TD to acquire Wells Fargo's Canadian Direct Equipment Finance business.The acquisition of Wells Fargo's Canadian... Read Story

Filed Under: Banking News
January 15, 2021 @ 08:17 AM

Christopher & Banks Corporation, a specialty women’s apparel retailer, announced that it has filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of New Jersey (the... Read Story

Filed Under: Bankruptcy
January 15, 2021 @ 08:15 AM

Great Rock Capital closed a $15 million senior secured credit facility with Coast to Coast Equipment, which specializes in buying, selling, and renting new and used aerial-lift equipment.The new facility refinanced the existing lender and provides... Read Story

January 15, 2021 @ 08:11 AM

LQD Business Finance, a Chicago-based commercial lender, announced the promotion of Jack Zeng to Chief Technology Officer. In his new capacity, Zeng will be leading all efforts behind the company’s automation and technology solutions to continue... Read Story

January 15, 2021 @ 08:02 AM