First Citizens Bank announced that Snow Holding has been named Director and Market Leader of Middle Market Banking for the Northeast, where he will lead relationship managers and business expansion efforts in both the Boston and New York offices, as well as the broader Northeast Corridor."Snow is an outstanding addition to our team, and we welcome his experience leading relationship strategy and his dedication to delivering for our clients across the Northeast," said Brendan Chambers, Middle
Read Story
November 21, 2025 @ 08:15 AM
|
SLR Business Credit is saddened to announce that, Patti Kotusky, its Manager of ABL Operations and one of its founders, passed away after a short illness. Prior to SLR Business Credit (formerly North Mill Capital), which she founded as part of the original management group, Patti Kotusky was with Business Alliance Capital Corp, and other commercial finance companies.
Patti was a former President of the Philadelphia Chapter of SFNet. She is survived by her husband Joe Kotusky who is an
Read Story
November 21, 2025 @ 08:10 AM
|
Siena Lending Group closed a $33,500,000 asset-based credit facility for Dorfman Milano Company (“Dorfman”), a leading designer, manufacturer, and distributor of headwear and accessories. The financing will provide Dorfman with enhanced financial flexibility to support its working capital needs and strategic growth initiatives.Kyle Billingsley “As the Chief Financial Officer of Dorfman Milano Company, I am delighted to announce the opening of our new ABL facility in partnership with Siena
Read Story
November 21, 2025 @ 08:09 AM
|
Silicon Valley Bank (SVB), a division of First Citizens Bank, provided a $50 million growth capital facility to Lumafield, a pioneer in advanced manufacturing technology that delivers AI-powered manufacturing intelligence to help companies improve product quality, accelerate development, and automate operations. The company's industrial computed tomography (CT) scanners and machine learning technology are embedded in production lines at some of the world's most recognized brands in the medical
Read Story
November 21, 2025 @ 08:06 AM
|
1st Source Bank announced the Board of Directors' promotion of two senior leaders following recent succession changes at the Bank and parent company, 1st Source Corporation. John Bedient will become Chief Operating Officer and Executive Vice President with responsibility for Information Technology, Salesforce, and the Enterprise Project Management Office in addition to his current Operations responsibilities. Dan Lifferth will become Chief Administrative Officer and Senior Vice President. He
Read Story
November 21, 2025 @ 08:04 AM
|
Castleton Commodities International (CCI) announced the successful renewal of two credit facilities totaling more than $2.1 billion.The facilities include a $1.9 billion secured borrowing base facility, consisting of an $800 million one-year tranche and a $1.1 billion two-year tranche. The secured facility also features an accordion option of up to $1 billion, providing additional liquidity to support CCI’s continued growth. In addition, CCI renewed a $210 million one-year committed unsecured
Read Story
November 21, 2025 @ 07:00 AM
|
Mosaic Capital Partners (“Mosaic”) announced the closing of its second fund with $205 million of total capital (including leverage). This is Mosaic’s 2nd Small Business Investment Company (“SBIC”) fund and will continue its exclusive focus on bringing broad-based employee ownership to exceptional lower middle market companies.The successful close marks a significant milestone for Mosaic, demonstrating strong investor confidence in the firm’s employee ownership strategy and management team. The
Read Story
November 21, 2025 @ 07:00 AM
|
White Oak Global Advisors provided a $17 million senior secured loan to a global cloud-based software and services company. The investment will support the Company’s recapitalization and provide additional liquidity to fund continued growth and product development initiatives.
“White Oak is proud to partner with a company whose privacy-first solutions align with the growing global demand for secure and customizable digital infrastructure,” said Darius Mozaffarian, Managing Partner and
Read Story
November 20, 2025 @ 08:15 AM
|
ElmBlue Equipment Finance, a rapidly growing provider of commercial equipment-financing solutions, secured a $125 million senior credit facility from Wells Fargo Bank. The new facility provides ElmBlue with additional lending capacity to support its nationwide growth and fund an expanding portfolio of equipment-finance transactions.
"This relationship with Wells Fargo is an important milestone for ElmBlue," said Nick Demers, Chief Financial Officer of ElmBlue Equipment Finance. "It strengthens
Read Story
November 20, 2025 @ 08:10 AM
|
JPalmer Collective (JPC) announced an $8 million financing agreement with a premier U.S.-based manufacturer of custom prestressed and architectural precast concrete components.
“We remain committed to funding CPG companies while continuing to diversify and build lasting partnerships with best-in-class businesses across sectors,” said Jennifer Palmer, President and CEO of JPalmer Collective. “We value partnering with long standing, proven businesses that needed more flexibility than a bank
Read Story
November 20, 2025 @ 08:07 AM
|
CIBC U.S. Asset Based Lending closed an upsized credit facility to further support and strengthen long-term client, World’s Finest Chocolate Inc., and its conversion from a family-owned business to a partial ESOP, as well as provide working capital to fuel the continuing growth of the business and a comprehensive suite of banking services.
Since 1939, the Opler family has led World’s Finest Chocolate with a commitment to crafting chocolate that uplifts communities, supports schools, and brings
Read Story
November 20, 2025 @ 08:05 AM
|
UbiQD, a global leader in quantum dot technology, announced a $6 million debt financing agreement with Silicon Valley Bank (SVB), a division of First Citizens Bank, to support the company's continued growth. This capital will fund strategic infrastructure investments including facility upgrades and specialized manufacturing equipment, supporting UbiQD's scale-up in response to new commercial demand."UbiQD is driving critical innovation in quantum dot technology and manufacturing and is well
Read Story
November 20, 2025 @ 07:54 AM
|
J.P. Morgan Asset Management's Private Equity Group ("PEG") closed its second dedicated co-investment fund, PEG Co-Investment Fund II ("COIN II"). COIN II closed above its $750 million target at $1 billion, including commitments from the PEG team.
"We are pleased to announce the close of PEG Co-Investment Fund II, a focused strategy that is well positioned for the current market environment and opportunity set," said Stephen Catherwood, Co-Head of J.P. Morgan Asset Management's Private Equity
Read Story
November 20, 2025 @ 07:45 AM
|
Monroe Capital acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of Surface Design Group (“Surface Design”) by Milrose Consultants (“Milrose”), an existing portfolio company of Southfield Capital.
Headquartered in New York, NY, Surface Design brings expertise in architectural and engineering services, with a focus on building envelope design and construction. Surface Design has specialized expertise in façade consulting
Read Story
November 20, 2025 @ 07:30 AM
|
Magellan Jets, a leader in private aviation solutions,announced significant momentum in its Fractional Ownership program.
To support Magellan Jets Clients pursuing fractional shares and potential 2025 tax benefits, financing is now available through NFS Capital. Known for providing fast, flexible, and asset-backed solutions, NFS Capital is an experienced and trusted independent equipment finance company serving the U.S. and Canada.
This program gives qualified buyers the opportunity to
Read Story
November 20, 2025 @ 07:00 AM
|