Citizens Financial Group announced that Brendan Coughlin, currently Vice Chair and Head of Consumer, Private Banking and Wealth, has been promoted to President, reporting to Bruce Van Saun, Chairman and CEO. As President, Coughlin will continue to oversee Consumer Banking, Citizens Private Bank, and Wealth, in addition to a recently broadened scope which includes Enterprise Data & Analytics and Marketing."Brendan has a long track record of strong leadership and execution against some of our most
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April 30, 2025 @ 08:17 AM
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Commercial Finance Partners, a Boca Raton-based direct lending and advisory firm, announced the launch of its Debt Capital Advisory platform. As one of the market leaders in small business consulting, CFP is excited to expand our offerings to cover middle-market financing needs. Commercial Finance Partners has tapped Bill Krebsbach, a nine-year employee, to lead the initiative.Commercial Finance Partners will provide full-service debt capital advisory services including, but not limited to, full
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April 30, 2025 @ 08:15 AM
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TAB Bank kicked off 2025 building value for over 230 companies by closing more than $67 million in financing in Q1. Businesses in the transportation, beauty, specialty finance and real estate industries, along with 70 small businesses, chose TAB Bank to help fund their growth. Types of financing included factoring, asset-based and equipment loans, small business lines of credit and real estate loans. Highlights of the largest Q1 2025 deals include:
$13 million—Capital Foundry, a
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April 30, 2025 @ 08:10 AM
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MGP Ingredients, a leading provider of branded and distilled spirits and food ingredient solutions, successfully refinanced its revolving credit facility and amended its note purchase and private shelf agreement.As part of the refinancing, MGP upsized its revolving credit facility from $400 million to $500 million and extended its maturity from 2026 to 2030, with unchanged applicable interest rates. The amended revolving credit facility includes an accordion feature, which increased in size from
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April 30, 2025 @ 08:06 AM
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JPalmer Collective announced the addition of Eunice Kepka as Business Development Officer. Kepka will be instrumental in connecting growth-stage brands with tailored financing solutions and strengthening client partnerships. “Eunice is the ideal addition to our team, ensuring every client receives creative financing strategies that support their business objectives,” said Jennifer Palmer, Founder and CEO of JPalmer Collective. “We are excited to welcome Eunice and look forward to the expertise
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April 30, 2025 @ 08:03 AM
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Culain Capital Funding closed and funded a $5,000,000 accounts receivable financing facility to propel the expansion of a rapidly growing California-based tree removal and vegetation management company.With a strong foothold in utility, municipal, and commercial markets, the company is poised for significant growth as it scales operations to meet surging demand for vegetation management, fire mitigation, and disaster response services across the Western United States. Culain Capital’s facility
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April 30, 2025 @ 08:00 AM
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MidCap Financial provided a senior secured credit facility to Evolucion Innovations, Inc. (evo). Proceeds from the credit facility were used to refinance the Company’s existing credit facility and to support the ongoing working capital needs of the company.
The credit facility has a three-year term and gives evo access to up to $60 million in total credit, consisting of $50 million in commitments with an accordion facility of an additional $10 million.
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April 30, 2025 @ 07:40 AM
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The national Citizens Business Conditions Index™ (CBCI) held steady at 50.9 in the first quarter of 2025. The reading is generally consistent with the 4Q24 level of 51.0, suggesting that business conditions remained positive to start the year despite growing macroeconomic uncertainty throughout the period.Solid corporate revenue trends were the main driver of the positive momentum. Citizens’ proprietary data showed continued revenue growth across most industries and geographies, with the Energy
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April 30, 2025 @ 07:34 AM
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The following members of the American Bankruptcy Institute (ABI) were elected to leadership positions as officers and directors: Hon. Bruce A. Harwood (ret.) (San Francisco) has become ABI President for a one-year term, succeeding Christopher A. Ward of Polsinelli (Wilmington, Del.), who will now assume the position of Immediate Past President. Soneet R. Kapila of KapilaMukamal, LLP (Fort Lauderdale, Fla.) will serve as Chairman. Stephen D. Lerner of Squire Patton Boggs (Cincinnati), formerly
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April 29, 2025 @ 08:15 AM
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Legacy Corporate Lending announced the successful oversubscribed upsize of its asset-based lending (ABL) facility, from $125 million to $255 million, agented by Wells Fargo Capital Finance. This increased capacity, which is backed by a syndicate of premier banks, will support Legacy’s growth in serving the middle market ABL space in 2025 and beyond. “As we pass our second anniversary since launching, we are thrilled to receive the continued support of Wells Fargo and four new lenders to our bank
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April 29, 2025 @ 08:10 AM
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Exagen, a leading provider of autoimmune testing solutions, entered into an agreement with Perceptive Advisors LLC for a term loan credit facility of up to $75 million, with $25 million funded at closing to retire an existing debt facility and strengthen the balance sheet.“I’m pleased to announce our new debt facility with Perceptive Advisors, a highly respected life sciences investor with a deep understanding of our industry. This strategic partnership extends our amortization timeline
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April 29, 2025 @ 08:09 AM
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Post Road Equipment Finance (“PREF”, formerly known as Encina Equipment Finance) announced Jamie Herron has joined its Operations team as Senior Vice President, and Maeve Jordan has joined as Operations Analyst, both reporting to James Giaquinto, Post Road’s Senior Managing Director of Operations.In her new role, Herron will be responsible for key operations functions related to the processing of new commercial lease and loan transactions, as well as mentoring and leading Operations team members
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April 29, 2025 @ 08:07 AM
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Barnes & Thornburg announced that Ryan J. Barncastle has been named co-chair of the firm’s Private Equity practice group. Based in Los Angeles, Barncastle joined the firm in 2018, is a member of the firm’s Management Committee and will now co-lead the Private Equity practice alongside Anthony Arnold.With nearly two decades of experience, Barncastle advises private equity firms, portfolio companies, family offices and investor groups in a wide array of transactions across numerous industry
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April 29, 2025 @ 08:00 AM
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Top California Lender successfully closed a $17 million bridge loan, further solidifying its expertise in short-term financing solutions. Under the leadership of Jerry Dean, who recently took over the organization, the company continues to deliver impactful financing for its clients.This bridge loan will provide critical short-term financing for a commercial real estate project in Utah—development near Bryce Canyon, designed to capitalize on the region’s growing tourism industry. The project
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April 29, 2025 @ 07:41 AM
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Republic Business Credit has expanded its support of the temporary staffing industry nationwide with the addition of a new client, a Northeast-based IT temporary staffing firm. The founders brought decades of experience to the launch of the firm, their first entrepreneurial journey. Once it began working with Republic, the company immediately began onboarding new clients during the underwriting process with confidence that it had the right partner to support its payroll funding needs. The
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April 29, 2025 @ 07:00 AM
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