Mountain Ridge Capital ("MRC") and Alpine Ridge Funding ("ARF"), independent asset-based lending and factoring companies backed by Arena Investors closed a $110 million senior credit facility from Wells Fargo Capital Finance. The facility will...
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Victory Park Capital (“VPC”) closed a $100 million credit facility with Sétanta Development Capital (“Sétanta”), a Charlotte-based residential real estate financing provider. The transaction will support Sétanta’s acquisition and development...
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Encina Lender Finance closed a $30 million senior credit facility for a small-ticket equipment finance platform. The borrower will use this facility to originate new equipment leases.Headquartered in Atlanta, Encina Lender Finance offers revolving...
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Valley National Bank, the wholly-owned subsidiary of Valley National Bancorp, announced that their New York City Commercial Banking Team closed a $150 million senior revolving credit facility for a premier New York-based finance company. The...
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Consumer Portfolio Services announced that on March 29, 2024, it renewed its two-year revolving credit agreement with Ares Agent Services, L.P.Loans under the renewed credit agreement will be secured by automobile receivables that CPS now holds, will...
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Montfort Capital Corporation, a provider of focused private credit strategies for institutional investors, family offices, and wealth managers, announced an up to C$200 million senior secured, revolving credit facility for its wholly-owned subsidiary...
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SLR Equipment Finance closed a new $350 million credit facility with Bank of America and Truist Bank to support the growth of its equipment finance business over the next several years.SLR Equipment Finance specializes in providing custom equipment...
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Quasar Capital Partners announced a new chapter in its growth story with the closure of a $12.5 million subordinate debt facility. This strategic financial injection complements the company's robust $40 million senior facility, signalling a new era...
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February 29, 2024, 07:36 AM
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Wingspire Capital agented a senior secured credit facility to a specialty finance company that offers senior secured loans to high growth consumer products companies.Wingspire Capital agented the facility and brought in Encina Lender Finance as a...
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February 13, 2024, 07:57 AM
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Timbercreek Financial announced that on February 8, 2024, the Company entered into a third amended and restated credit agreement with a syndicate of 9 lenders for revolving credit facilities in an aggregate amount of $510 million (which includes a...
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February 09, 2024, 07:47 AM
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Sunbit closed a $310 million debt warehouse facility led by Citi and Ares Management Credit funds. Established in 2016 to transform how consumers access, use and benefit from credit, Sunbit will leverage the funds to meet ever-increasing consumer...
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January 24, 2024, 07:45 AM
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Skylight Lending, a provider of financing solutions in the residential solar space, closed a multi-million-dollar credit facility with M&T Bank. This strategic relationship marks a significant milestone for Skylight as it positions the company for...
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January 19, 2024, 07:28 AM
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Castlelake, a global alternative investment firm specializing in asset-based opportunities and Vervent, a leading fintech servicing company, entered into a new forward flow agreement whereby certain Castlelake funds and affiliates will provide up to...
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January 12, 2024, 07:47 AM
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Quasar Capital Partners, a diversified asset-based lender and factor based in Austin, TX, closed a new senior $30 million lending facility and an accordion feature to $40 million with Texas Capital to further expand its funding capabilities.John...
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January 10, 2024, 07:58 AM
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eCapital closed a $245 million increase to the syndicated bank line supporting its asset-based lending (ABL) group. The upsize brings the total facility size to $815 million. The latest increase follows a $110 million line upsizing completed less...
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January 08, 2024, 08:03 AM
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Great Rock Capital announced the upsize of its leverage facility with KeyBank. The leverage facility, agented by KeyBank, provides over $550 million of capital and includes the recent additions of new lending partners EverBank and Axiom Bank.“We’re...
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January 03, 2024, 08:04 AM
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Haversine Funding announced $35 million in new lender finance loans for the final quarter of 2023. These transactions further underscore Haversine’s commitment to providing comprehensive and tailored solutions to the specialty finance market. These...
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December 29, 2023, 08:00 AM
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Dominion Lending Centres amended and extended its credit facilities with The Toronto-Dominion Bank effective December 19, 2023. The maturity date for the credit facilities has been extended from December 22, 2024 to December 19, 2026.The amended...
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December 21, 2023, 07:35 AM
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Ampla, a leading provider of innovative financial solutions for consumer brands, closed a new $275 million credit facility with Citi and funds managed by Waterfall Asset Management. This brings the total capital raised by Ampla to over $600 million...
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December 20, 2023, 08:01 AM
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Cross River Bank, a technology infrastructure provider that offers embedded financial solutions, and Best Egg, Inc., a leading fintech that provides flexible solutions to help people with limited savings confidently navigate their everyday financial...
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December 06, 2023, 07:48 AM
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Valley National Bank, the wholly-owned subsidiary of Valley National Bancorp, closed a $130 million senior revolving credit facility to Access Capital, a commercial lender to the staffing industry. The three year facility includes a $30 million...
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November 16, 2023, 08:00 AM
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MPOWER Financing, a mission-driven fintech firm and the leading provider of non-cosigned loans to promising students from around the world, closed on debt financing that has propelled the firm's overall lending capacity to over $300 million. Active...
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November 08, 2023, 08:00 AM
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Altriarch Specialty Finance Fund, a leading private credit manager based in Charleston, South Carolina, recently provided $43.5 million in committed capital to specialty finance lenders across the U.S. Altriarch offers flexible capital solutions in...
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November 07, 2023, 08:18 AM
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Renew Financial, the pioneer and a leading provider of the residential Property Assessed Clean Energy (R-PACE) financing program, closed an aggregate of $245 million in revolving credit facilities with Nomura Corporate Funding Americas, ING Capital...
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October 27, 2023, 08:00 AM
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Legacy Corporate Lending announced the closing of a $100 million senior credit facility from Wells Fargo Capital Finance. The facility will support Legacy’s continued growth in serving the middle market ABL space.“Wells Fargo is pleased to provide...
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October 24, 2023, 08:15 AM
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SWK Holdings, a life-science-focused, specialty finance company catering to small- and mid-sized commercial-stage companies, announced an amendment to its revolving credit facility. The amended credit facility provides total commitments of $60...
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October 12, 2023, 07:36 AM
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Fora Financial, a leading provider of flexible financing to small- and medium-sized businesses nationwide, announced the closings of a $130 million revolving credit facility and $10 million investment-grade rated corporate note. Truist Bank will...
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October 04, 2023, 07:50 AM
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Wingspire Capital agented a $50 million senior secured credit facility to Conserv Capital (“Conserv”) which provides equipment financing for small to mid-sized businesses in the construction industry and for independent owner-operators in the...
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October 03, 2023, 08:04 AM
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Altriarch Asset Management, a South Carolina-based private credit asset manager, announced its new structured capital investment strategy (the “New Strategy”). The New Strategy will deploy capital to factors and asset-backed lending companies...
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September 28, 2023, 08:04 AM
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Dave, one of the nation’s leading neobanks, amended its existing Delayed Draw Senior Secured Loan Facility with Victory Park Capital Advisors (“VPC”), effective September 13, 2023.The amendment to the Credit Facility accomplishes the...
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September 20, 2023, 07:57 AM
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Pagaya Technologies, a global technology company delivering artificial intelligence infrastructure for the financial ecosystem, and Värde Partners, a leading global alternative investment firm specializing in credit and credit-related assets...
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September 19, 2023, 05:31 AM
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Leonid Capital Partners (“LCP”), a Huntington Beach-based specialty credit fund, secured a $200 million credit facility from Victory Park Capital (“VPC”), a global alternative investment firm specializing in private credit. The credit facility will...
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September 15, 2023, 07:56 AM
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AP Equipment Financing finalized a $200 million credit facility from Wells Fargo. This strategic financial move comes as AP Equipment Financing is set to capitalize on increasing demand from customers and dealer partners alike.“We are thrilled to...
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September 15, 2023, 07:50 AM
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Capteris announced the closing of a new $350 million credit facility to support the growth of its equipment finance business. The lenders partnering with Capteris include Truist Bank as administrative agent and Bank of America. Capteris specializes...
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September 08, 2023, 07:56 AM
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Bryant Park Capital (BPC) announced that Modeso LLC d/b/a RapidFunds, a leading funder of U.S. plaintiff law firms, closed on a $35 million senior secured credit facility with a leading alternative credit fund. BPC served as the exclusive financial...
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September 08, 2023, 07:21 AM
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Pathlight Capital is serving as the Documentation Agent on a senior secured delayed-draw term loan facility for Beyond Finance, LLC, a provider of success fee-based debt resolution services. The Credit Facility was recently increased from $400...
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September 06, 2023, 07:45 AM
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Post Road Equipment Finance (PREF) increased its non-recourse senior warehouse facility to $700 million of aggregate commitments.The overall facility size was increased from $550 million to $700 million through the addition of Wells Fargo Bank as a...
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August 28, 2023, 07:37 AM
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Arixa Capital Advisors announced the launch of a $100MM strategic joint venture, with the ability to upsize in the future, with funds managed by Oaktree Capital Management, L.P. ("Oaktree") to originate senior secured loans backed by residential and...
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August 25, 2023, 07:55 AM
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Encina Lender Finance (ELF) closed an inaugural senior credit facility for Great Elm Healthcare Finance, LLC (GEHF).Headquartered in Nashville, GEHF provides healthcare operators with financing for working capital, refinancing, acquisition, and...
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August 24, 2023, 08:00 AM
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Encina Lender Finance (ELF) announced the closing of $360MM of funding commitments from nine banks. Ed Chang, CEO of ELF, said, “We are grateful for the confidence and support of our trusted banking partners, whom my colleagues and I have known and...
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August 22, 2023, 07:58 AM
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Klar, S.A. de C.V. (Klar), the Mexico City-based digital financial services platform, secured a $100 million credit facility from Victory Park Capital (“VPC”). The financial support from VPC will propel Klar during a moment of transformative growth...
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August 16, 2023, 07:45 AM
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Triad Financial Services, a subsidiary of ECN Capital Corp signed a letter of intent for $1.14 billion in financing from Blackstone’s Asset-Based Finance (“ABF”) Group. The capital will be used to originate high-grade consumer loans that will be...
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August 15, 2023, 07:45 AM
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nFusion Capital Finance entered into a new multi-year senior bank facility with TAB Bank and participating banks Zions Bank and Pathward. The new line more than doubles the size of the existing revolving credit facility and supports the Company’s...
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August 04, 2023, 07:00 AM
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eCapital Corp. announced a $110 million increase to the syndicated bank facility supporting its asset-based lending (ABL) group. The upsize brings the total facility size to $570 million. Wells Fargo Bank acted as administrative agent for the lenders...
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August 01, 2023, 07:48 AM
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SWK Holdings Corporation, a life science focused specialty finance company catering to small- and mid-sized commercial-stage companies, signed a new four-year credit facility with First Horizon Bank. The four-year facility, which has $45 million...
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Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and over $6 billion in assets, has increased the Commercial and Industrial (C&I) revolving line of credit for First Boston Construction Holdings, LLC (FBCH) to...
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Aequum Capital recently expanded its revolving line of credit led by Texas Capital Bank to $60 million by adding Wells Fargo & Company to the bank lending group. This new financing will further augment Aequum's significant equity base led by...
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Golden Pear Funding (Golden Pear), a national leader in pre-settlement legal funding, announced the upsizing to $67.2 million of its existing corporate notes. The incremental capital raise was assigned a BBB rating by a nationally recognized...
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Great Rock Capital announced the upsize of its leverage facility with KeyBank. The leverage facility agented by KeyBank provides over $450 million of capital and includes the recent additions of new lending partners First Citizens Bank, Regions Bank...
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Verdant Commercial Capital expanded its funding capacity with the addition of a new $150 million warehouse line of credit provided by Bank of America.This additional capacity will allow Verdant to finance even more equipment for its existing vendor...
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BHI granted a $20 million credit facility to Lendbuzz for working capital and general corporate purposes. This transaction exemplifies BHI’s commitment to the Tech industry and will support Lendbuzz’s further growth. Established in 2015 and...
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Castlelake announced that Castlelake, together with a co-investor and minority partner Eltura Capital Management, has reached an agreement to purchase up to $4 billion of consumer installment loans from Upstart, an artificial intelligence (AI)...
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Comvest Credit Partners is acting as Administrative Agent and Sole Lender on a $220 million senior secured credit facility to Above Lending, a Houston-based national provider of consumer loans that has been part of Comvest’s Direct Lending portfolio...
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MPOWER Financing, a mission-driven fintech firm and a leading provider of non-cosigned loans to promising students from around the world, announced that it recently closed a $150 million revolving asset-backed warehouse facility with Goldman...
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Wingspire Equipment Finance, a provider of equipment finance solutions, announced the closing of a new $195 million credit facility to further expand its direct funding capabilities. The facility was agented by Texas Capital Bank, and Wells Fargo and...
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Channel entered into a new credit facility with Truist. The $75 million commitment provides financing for both working capital and equipment finance originations, and reflects the scale and capacity growth that Channel continues to realize.“We are...
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Runway Growth Finance announced the expansion of its existing revolving credit facility with an increase in aggregate commitments to $500 million from KeyBank Specialty Finance, CIBC Bank USA and other lenders.Borrowings under the Credit Facility...
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Bastion Management, a private investment firm focused on asset-based lending in the specialty finance sector, agented a $100 million senior debt facility for NexGen Financial Inc. ("NexGen") to support the continued growth of its portfolio. Bastion...
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36th Street Capital announced it recently extended and upsized its senior secured revolving credit facility to $280 million, an increase of $110 million. The credit facility includes six lenders and is led by Capital One as agent.“We are very pleased...
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ePlus announced that its wholly-owned subsidiaries ePlus Technology, inc., ePlus Technology Services, inc. and SLAIT Consulting, LLC recently entered into an amendment to their credit agreement with their lenders (the "Lenders") for which Wells Fargo...
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Sachem Capital Corp., a financing company that specializes in originating, underwriting, funding, servicing, and managing a portfolio of first mortgage loans, entered into a $45 million revolving line of credit with Needham Bank.John Warch, Sachem...
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Unlock Technologies, a leading home equity investment technology company, and Saluda Grade, a private alternative real estate investment firm, secured a $300 million revolving credit facility from Barclays Bank PLC (Barclays). The revolving credit...
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February 24, 2023, 08:00 AM
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Verdant Commercial Capital has grown its funding capacity. Verdant’s primary warehouse line of credit, led by Wells Fargo Bank, was increased to $225 million with the addition of Regions Bank as a participant in the lending group. At the same time...
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February 24, 2023, 07:37 AM
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AccessOne, a provider of consumer-centric patient payment tools and financing options, announced that PNC Bank has renewed and expanded its credit facility to $300 million, up from the previous $225 million closed in 2019. The new three-year...
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February 15, 2023, 07:40 AM
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Encina Lender Finance closed a $50MM senior secured credit facility for Mountain Ridge Capital, an asset-based commercial finance company backed by Arena Investors, LP.Ed Chang, CEO of ELF, said, “We are proud to support Mountain Ridge Capital and...
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February 14, 2023, 08:01 AM
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Bridge Bank announced its Capital Finance Group closed on a $3 million credit facility for Innovative Lease Services Inc., a Carlsbad, California-based provider of commercial equipment financing and leasing services. Innovative Lease Services (ILS)...
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February 06, 2023, 07:10 AM
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Crown Partners announced that Arsenal Funding, a merchant cash advance funder headquartered in West Palm Beach, FL, has closed on $16 million of bank financing to continue growing its funding portfolio. Since 2021, Crown Partners has served as...
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January 31, 2023, 08:00 AM
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Alloy Capital entered into a US$100 million senior secured credit facility with Victory Park Capital ("VPC "). The Facility will enable Alloy Capital to finance the origination of structured finance loans in Mexico.Alloy Capital financing solutions...
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January 24, 2023, 07:39 AM
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Main Street Capital Corporation announced the expansion of total commitments under its revolving credit facility from $920 million to $980 million. The $60 million net increase in total commitments was the result of the addition of a new lender...
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January 18, 2023, 07:42 AM
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Alleon Healthcare Capital (“Alleon”), a specialty finance company focused on providing healthcare accounts receivable financing, medical accounts receivable factoring, and cash flow solutions to medical providers in the U.S., recently closed a $7,000...
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January 12, 2023, 07:27 AM
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XS Financial, a specialty finance company providing CAPEX and equipment financing solutions to cannabis companies in the United States, entered into an upsized $39 million line of credit with Needham Bank increasing its commitment from $20 million to...
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December 28, 2022, 07:45 AM
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Avant announced it secured $250 million of corporate debt and redeemable preferred equity from Ares Management Alternative Credit funds (“Ares”)."Avant has established a track record of success over the course of a decade of delivering on our mission...
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December 08, 2022, 07:39 AM
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Huntington Business Credit acting as Administrative Agent, Bookrunner and Lead Arranger closed a $150,000,000 new credit facility with Leader Global Solutions, LLC on September 23, 2022. Proceeds of the facility were used to refinance existing debt...
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November 30, 2022, 07:58 AM
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Main Street Capital Corporation announced that its wholly owned subsidiary, MSCC Funding I, LLC (the "SPV"), entered into a senior secured revolving credit facility led by Truist Bank, with Truist serving as administrative agent and as one of three...
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November 28, 2022, 08:00 AM
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Rise Line Business Credit, a portfolio company of Crossroads Impact Corp., received $30 million in financing from Texas Capital Bank. “We are proud of the financing secured by Rise Line, which furthers the goals of Crossroads and its companies and...
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November 10, 2022, 07:47 AM
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Aequum Capital recently closed a new $50 million revolving line of credit led by Texas Capital Bank. This new financing will augment Aequum's significant equity base to support loan origination volume. With the new credit facility, Aequum is...
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November 09, 2022, 08:03 AM
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Avtech Capital completed a new $75 million revolving credit facility with Capital One. The facility will provide additional liquidity to support the Company's growth and further its efforts to better serve customers."The addition of this new credit...
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November 07, 2022, 07:51 AM
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IDB Bank closed up to a $100 million asset-based revolving credit facility for Dwight Funding, a New York-based lender to modern brands and platforms.Dwight Funding was one of the first capital providers to focus on high growth, digitally native...
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November 04, 2022, 08:00 AM
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Flexport Capital, the trade financing arm of Flexport, secured a credit facility of up to $200 million from separate insurance accounts managed by KKR, a leading global investment firm. The credit facility will allow Flexport Capital to continue to...
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October 20, 2022, 07:52 AM
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Park Cities Asset Management, an alternative investment firm focused on providing flexible debt solutions, provided $30 million of debt capital commitments to Applied Data Finance (“ADF”). Through its Personify Financial platform, ADF offers...
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October 11, 2022, 07:00 AM
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Regents Capital Corporation, a provider of equipment leasing and financing solutions to middle-market borrowers, announced it has entered into a $100 million three-year revolving credit facility with Bank OZK, a regional bank based in Little Rock, AR...
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October 10, 2022, 08:00 AM
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Cambridge Wilkinson ("CW") closed a $30 million senior secured debt facility arranged for an online consumer installment lender. The Client provides installment loans to underserved sub-prime consumers across the US that support their cash needs....
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September 23, 2022, 07:25 AM
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Doc2Doc, a leading LendTech company focused on the medical space, announces the closing of a new $25 Million warehouse facility to help further growth, provided by Encina Lender Finance. "We are ecstatic to be able to help more members, and grateful...
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September 13, 2022, 07:45 AM
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Delta Financial Group, an equipment finance platform that provides capital for enterprise-level, business-critical equipment, has received a significant structured growth investment from funds managed by Oaktree Capital Management, L.P.The structured...
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September 09, 2022, 07:52 AM
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CIT, a division of First Citizens Bank, announced that the Specialty Finance unit of its Asset-Based Lending business provided $100 million in financing to Stonegate Capital, a middle-market asset-based lender primarily focused on the consumer...
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September 08, 2022, 08:00 AM
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XS Financial, a specialty finance company providing CAPEX and equipment financing solutions to cannabis companies in the United States, announced that it has entered into a new $24 million line of credit with Needham Bank committing $20 million and...
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August 19, 2022, 07:35 AM
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Marathon Digital Holdings, a leader in supporting and securing the Bitcoin ecosystem, expanded its credit facilities with Silvergate Bank, the leading provider of innovative financial infrastructure solutions to the digital currency industry, by...
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August 03, 2022, 07:09 AM
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ALT announced $200 million in new debt financing led by Atalaya Capital Management. The new funding comes on the heels of ALT's introduction of ALT Advance, a new lending product that lets investors borrow cash against their vaulted assets without...
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Crayhill Capital Management closed a $100 million credit facility with Fort Amsterdam Capital, a New York-based, vertically-integrated real estate lender. The facility will be collateralized by both land and commercial real estate properties in the...
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Huntington Business Credit acting as Administrative Agent, Bookrunner and Lead Arranger closed a $175,000,000 new credit facility with Second Avenue Capital Partners, LLC on June 27, 2022. Proceeds of the facility were used to refinance existing...
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Swift Lending (“Swift”), a national private commercial real estate lender, announced plans to expand its lending efforts through a senior credit facility provided by Encina Lender Finance.
Swift provides bridge loans to qualified real estate...
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Rand Capital Corporation, a business development company providing alternative financing for lower middle market companies, announced the closing of a $25 million senior secured revolving credit facility. The funds are expected to be used for future...
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Verdant Commercial Capital closed on a $75 million subordinated debt facility provided by Värde Partners, a leading global alternative investment firm.
This capital will augment Verdant’s existing equity, allowing the company to further expand its...
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Comvest Credit Partners led the refinancing of SMART Financial, an Orlando, Florida-based pawn store operator. Comvest acted as Administrative Agent and Sole Lender in providing SMART a $68 million senior secured credit facility, which the Company...
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Credibly, a data science-driven fintech lending platform, continued investment in growth, refinancing a maturing $10.0 million Corporate Note into a new five-year term. The Note received a one notch rating upgrade from Egan-Jones to “BBB”.Brean...
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Deserve, the venture-backed fintech company expanding and powering the real-time credit card economy, announced today a new $250 million credit facility with Goldman Sachs, Cross River, and Waterfall Asset Management.With Deserve's digital-first...
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Encina Equipment Finance (EEF) closed a new non-recourse secured revolving loan facility with initial lending commitments from three lenders totaling $450 million. The new facility provides EEF with additional committed capacity to fund equipment...
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VOX Funding, an alternative finance company, closed a $40 million credit facility with funds managed by affiliates of Fortress Investment Group (“Fortress”). This 3-year term facility is expandable up to $75 millon and will be used to further VOX’s...
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MidCap Business Credit increased its senior credit facility with Wells Fargo Capital Finance to $200 million. This upsize will enable MidCap to support the growth of its existing asset-based lending business and support the launch of its equipment...
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Arena Investors and Encina Lender Finance (“ELF”) closed a $300 million credit facility (which includes an accordion feature) for Arena’s Corporate Private Credit business segment, which provides capital to privately-held companies.Arena has a track...
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Siena Lending Group increased its senior credit facility with Wells Fargo Capital Finance to $575 million. This upsize will enable Siena to continue its growth following a historic year where they closed over $565 million in facilities across 20...
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Sharestates, a real estate technology platform designed to support and accelerate the redevelopment of residential housing, recently closed a new $100 mllion warehouse line of credit led by funds managed by the Credit Group of Ares Management...
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Velocity Capital Group secured a multi-draw term funding line of credit with Arena Investors, LP, a global institutional alternative asset manager. The line of credit will provide VCG with a borrowing capacity of up to $50 million and a deep pool of...
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February 16, 2022, 07:42 AM
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Consumer Portfolio Services renewed its two-year revolving credit agreement with Ares Agent Services. Loans under the renewed credit agreement will be secured by automobile receivables that CPS now holds, will originate directly, or will purchase...
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February 04, 2022, 07:19 AM
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BlueVine increased the size of its BlueVine Line of Credit warehouse debt facility with Atalaya by two new lenders, both advised by 20 Gates Management, and increasing the committed amount to $150 million, with the ability to upsize the facility to...
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February 04, 2022, 07:10 AM
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Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and more than $5 billion in assets, announced that its Asset-Based Lending team provided a $9 million revolving line of credit to Auto Advance, LLC — an auto...
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February 03, 2022, 08:02 AM
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Encina Lender Finance (“ELF”), provided a $50 million senior credit facility with an accordion feature for an incremental $50 million in potential capacity to Crossroads Financial LLC (“Crossroads”), the industry-leading provider of inventory-only...
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January 19, 2022, 07:55 AM
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Citizens served as Sole Lead Arranger for Chicago-based Stonegate Capital Holdings’ $70 million asset-based revolving credit facility to support its acquisition by SG Credit Partners. Stonegate is a leading provider of asset-based credit facilities...
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December 09, 2021, 08:00 AM
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Ares Management Corporation announced that funds managed by its Alternative Credit and U.S. Direct Lending strategies led the arrangement and funding of a $400 million loan facility for CrossCountry Mortgage, LLC (the “Company”). Caisse de dépôt et...
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November 23, 2021, 08:03 AM
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Espresso Capital closed a $200 million credit facility from KeyBank. A leading provider of innovative venture debt solutions, Espresso will use the facility to further expand its lending activities to high-growth technology and healthcare...
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November 22, 2021, 08:00 AM
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Verdant Commercial Capital recently expanded its funding capacity through the addition of a $200 million second facility with Wells Fargo Bank.Verdant’s new, multi-year warehouse facility consists of a $100 million base amount plus a $100 million...
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November 12, 2021, 08:04 AM
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Hercules Capital announced that effective November 9, 2021, it has entered into a new $100.0 million multi-currency credit facility with Sumitomo Mitsui Banking Corporation (“SMBC”).SMBC has committed a total of $100.0 million in credit capacity...
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November 10, 2021, 08:00 AM
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Nicholas Financial, an industry leading branch-based subprime auto lender focused on servicing the needs of the local independent dealer, announced that on November 5, 2021 the company entered into a senior secured credit facility pursuant to a loan...
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November 09, 2021, 07:45 AM
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CIT Group Inc. announced its Maritime Finance business is providing $70 million in financing to Maritime Asset Partners for the refinancing of Sterling LLC. Maritime Asset Partners is a specialized finance platform focused on leasing, secured lending...
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November 02, 2021, 07:39 AM
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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...
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October 20, 2021, 07:58 AM
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Ampla Technologies, a leading provider of tech-enabled financing solutions for emerging consumer brands, raised $250 million through its entry into a credit facility agreement with Atalaya Capital Management LP. The additional capital positions Ampla...
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October 13, 2021, 07:25 AM
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Opy USA and its parent company Openpay Group signed a $271.4 million secured debt facility with Goldman Sachs and investment advisory firm Atalaya Capital Management. As Opy solidifies its expansion into the US payments market, this unparalleled...
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October 08, 2021, 07:50 AM
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Encina Lender Finance provided a $35 million senior credit facility to Speed Leasing Company, LLC, a technology-enabled, specialty finance company engaged in originating and servicing used motorcycle leases to consumers.Founded in 2017 and based in...
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October 06, 2021, 07:55 AM
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Bryant Park Capital announced that High Rise Financial, founded by Mark Berookim and Michael Berookim, recently closed on a $50 million senior secured debt transaction with one of the larger independent banks in the nation.BPC served as the exclusive...
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September 23, 2021, 07:45 AM
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WebBank provided a new senior secured, asset-backed revolving credit facility to an affiliate of Libertas Funding. WebBank is the sole arranger and lender under the facility. Libertas will use borrowings from the credit facility to purchase...
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September 16, 2021, 07:07 AM
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Pasadena Private Finance closed on a $30,000,000 senior credit facility with East West Bank, the largest publicly traded bank headquartered in Southern California, with an expertise in lending to specialty finance companies.The Credit Facility has a...
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September 02, 2021, 07:40 AM
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NuBridge Commercial Lending, a national commercial real estate bridge lender, entered a $73.5 million 36-month revolving credit facility with a syndicate of banks, with Cadence Business Finance serving as agent. The bank group also includes Sunflower...
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August 25, 2021, 08:00 AM
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As previously announced on April 5, 2021 and May 14, 2021, Lendified Holdings (formerly, Hampton Bay Capital Inc.) announced that the Company's wholly-owned subsidiary, incorporated as a special purpose vehicle for the purpose of funding new loans...
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August 18, 2021, 07:00 AM
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Siena Lending Group increased its senior credit facility with Wells Fargo Capital Finance to $400 million. This upsize will enable Siena to continue its growth following the firm’s historic results in the second quarter of 2021, when it closed more...
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August 04, 2021, 07:58 AM
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Comvest Credit Partners acted as Administrative Agent and Sole Lender in providing a $50 million Senior Secured Credit Facility to Above Lending, Inc., a consumer lending company. The financing will be used to fund the origination and acquisition of...
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Bridge Bank announced the closing of a $25 million credit facility with Targeted Lease Capital LLC (TLC), a Williamsville, NY-based company that provides equipment finance loans to small businesses.Bridge Bank partnered with Ogden, UT-based TAB Bank...
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Huntington Business Credit closed a new $45,000,000 credit facility with SOL Acceptance, LLC on March 31, 2021. Proceeds of the facility were used to refinance existing indebtedness and to provide ongoing working capital growth financing....
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On May 10, 2021, Timbercreek Financial Corp. entered into an amendment to its existing revolving credit facility to, among other things, extend the term of the facility for an additional sixteen and a half months to May 10, 2023 and amend the...
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Gibraltar Business Capital expanded its financing partnership with Bank of America through a new $150MM line of credit.The line of credit provides Gibraltar the necessary capacity to serve its growing portfolio of lower mid-market businesses seeking...
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Crown Capital Partners entered into a new senior secured corporate credit facility of up to $41.5 million with ATB Financial ("ATB"). This facility replaces Crown's previous $35.0 million credit facility, which had a maturity date of May 31, 2021....
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Great Elm Capital, a business development company, announced the Company has entered into a Loan, Guarantee and Security Agreement with City National Bank.The Loan Agreement provides for a senior secured revolving line of credit of up to $25 million...
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Victory Park Capital (“VPC”), a global alternative investment firm, and investment manager of VPC Specialty Lending Investments PLC, announced the closing of a $200 million credit facility with Massachusetts Mutual Life Insurance Company to finance...
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Fora Financial closed a $100 million revolving credit facility with Credit Suisse and Hudson Cove Capital Management. Sector Financial Inc., an affiliate of Credit Suisse, provided access to the debt facility, which will give the company up to $150...
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Avtech Capital completed a new credit facility with Capital One. The facility was established to provide additional liquidity to support the Company's growth strategies and diversify its funding model."This new Capital One credit facility further...
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NuBridge Commercial Lending, a small-balance commercial bridge lender, completed a new senior secured revolving credit facility with Cadence Business Finance, a division of Cadence Bank. The initial size of this 36-month committed credit facility is...
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Old Hill Partners increased its committed credit facility to ByzFunder NY, a New York-based provider of working capital solutions in the form of merchant cash advances, to $12 million. The commitment increase will further accelerate the growth of the...
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Opportunity Financial, LLC ("OppFi"), closed an expanded $50 million corporate credit facility with Atalaya Capital Management. The proceeds of the facility will be used to refinance existing corporate indebtedness and provide growth capital to...
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Newtek Business Services Corp., an internally managed business development company (“BDC”), announced that Newtek Business Lending, LLC (“NBL”), Newtek’s portfolio company that originates and funds SBA 504 loans, closed a $100 million credit facility...
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LendingPoint announced the closing of an up to $110 million, 5-year corporate mezzanine credit facility with new partners MidCap Financial Trust, managed by a subsidiary of Apollo Global Management, Inc. and Apollo Investment Corporation.The...
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CIT Group Asset-Based Lending committed to $25 million in financing while serving as joint lead arranger on an asset-based credit facility of up to $145 million on behalf of a commercial finance company serving government contractors. The client...
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February 18, 2021, 07:45 AM
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Encina Lender Finance provided an inaugural senior credit facility to Doc2Doc Lending, Inc., which is a consumer lending platform focused on doctors.
The facility will be used by Doc2Doc to further scale its origination of new loan volume.Encina...
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February 17, 2021, 08:00 AM
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Golub Capital BDC closed a new senior secured syndicated revolving credit facility. The Facility is led by JPMorgan Chase Bank and includes a total of six bank participants. The Facility closed on February 11, 2021. Under the Facility, the lenders...
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February 16, 2021, 08:05 AM
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West Creek, a fast-growing consumer financing provider, closed a new secured debt facility from Credit Suisse and a fund managed by Neuberger Berman. Sector Financial, an affiliate of Credit Suisse, provided access to the Credit Suisse debt facility....
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February 16, 2021, 07:50 AM
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First Horizon Business Credit, the ABL Division of First Horizon Bank, provided a $35 million Line of Credit to Standard Premium Finance Management Corporation, a Florida-based premium finance company. The Facility is secured by accounts receivable...
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February 16, 2021, 07:00 AM
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Velocity Financial entered into a new $175 million, 5-year term loan with a syndicate of lenders including funds managed by Blackrock’s U.S. Private Capital group, Oaktree Capital Management, L.P., and UBS O’Connor. The new facility has an initial...
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February 11, 2021, 07:00 AM
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Encina Lender Finance provided a $25 million senior credit facility to an affiliate of LAGO Innovation Fund I, L.P., which provides venture debt financing to a range of high-growth companies participating in the “Innovation Economy”.The facility will...
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February 10, 2021, 08:00 AM
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QueensGiant, a specialty boutique investment bank focused on Lender Finance and Fintech, announced it help arrange a $55 million senior credit facility for a purchase finance company. This new facility will help refinance existing debt as well as...
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February 09, 2021, 06:00 AM
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Sixth Street Specialty Lending increased its Revolving Credit Facility from $1.335 billion to $1.485 billion and extended the final maturity date by over one year on $1.390 billion of commitments to February 4, 2026. The Facility was led by Truist...
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February 08, 2021, 08:15 AM
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iBorrow announced plans to expand its lending efforts through a senior credit facility provided by Encina Lender Finance and Sterling National Bank, and a direct investment provided by certain investment funds managed by Oaktree Capital Management, L...
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February 04, 2021, 08:20 AM
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KeyBank Specialty Finance Lending closed a $35 million credit facility for Commercial Equipment Finance Inc. (CEFI), an independent commercial equipment finance company headquartered in Puerto Rico. “CEFI is a leading equipment finance company that...
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February 02, 2021, 08:30 AM
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Old Hill Partners provided $30 million in the form of a senior secured revolving-to-term credit facility to a specialty finance company that provides working capital to small businesses in the form of merchant cash advances. The facility was secured...
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January 06, 2021, 07:42 AM
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ForwardLine Financial has secured a new senior credit facility from funds managed by the Alternative Credit strategy of Ares Management. As part of this announcement, the company also shared that it has raised additional capital from Five Oceans...
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January 06, 2021, 07:26 AM
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Consumer Portfolio Services announced that on December 18, 2020 it renewed its two-year revolving credit agreement with Citibank, N.A.Loans under the renewed credit agreement will be secured by automobile receivables that CPS now holds, will...
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December 29, 2020, 08:05 AM
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Runway Growth Credit Fund, a leading provider of growth loans to both venture and non-venture backed companies seeking an alternative to raising equity, announced that it has expanded and amended its credit agreement with KeyBank Specialty Finance...
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December 11, 2020, 07:40 AM
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CIT Group announced that its Asset-Based Lending and Sponsor Finance businesses, both part of the Commercial Finance division, collaborated to serve as joint lead arranger on $175 million financing for MSTS, a B2B payment and credit solutions...
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October 22, 2020, 07:50 AM
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Northleaf Capital Partners (Northleaf) announced that it acted as the sole lead arranger of a US$50 million senior secured credit facility to support the recapitalization and growth of FundThrough Inc. (FundThrough), North America’s leading...
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October 16, 2020, 08:10 AM
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Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced the close of a $100 million leverage facility with KeyBank National Association, one of the nation's largest bank-based financial...
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December 12, 2019, 08:45 AM
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Sterling National Bank’s Asset Based Lending Group provided senior secured credit facilities totaling $9,000,000 to National Capital Management, L.P. (NCM) an affiliate of Frankel Financial Corp. The credit facilities will provide financing to...
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December 04, 2019, 08:40 AM
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West Creek, a fast-growing fintech company that provides innovative point-of-sale financing, announced it secured a $150 million credit facility from Pollen Street Capital, bringing West Creek’s total credit facility capacity to $250 million. This...
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October 21, 2019, 09:00 AM
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Kabbage, Inc., a data and technology company offering automated cash flow solutions to small businesses, closed a $200 million revolving credit facility to support its rapid growth providing U.S. small businesses access to flexible, online...
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ForwardLine Financial, a direct lender of small business loans, announced it has secured a new $100 million senior credit facility with Credit Suisse AG, Cayman Islands Branch, and Neuberger Berman private equity funds. Sector Financial Inc., an...
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Mexican fintech Credijusto announced that it has closed a credit facility with Goldman Sachs for up to $100 million. The transaction provides Credijusto with the funding capacity to further expand its lending across Mexico and will support the...
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36th Street Capital announced that it has expanded its three-year, expandable senior secured revolving credit facility to $100 million, an increase of $25 million.
Los Angeles based City National Bank has agreed to participate in the syndicate...
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February 04, 2019, 07:19 AM
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Stonebriar Commercial Finance (Stonebriar), an independent large-ticket commercial finance and leasing company and an operating subsidiary of Eldridge Industries, announced the closing of a new $81.6 million term loan led by the Land Transport...
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January 22, 2019, 07:50 AM
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Divvy, the growing tech startup, announced they have secured a $250 million facility from Waterfall Asset Management. This new funding will help Divvy keep up with expected customer growth in 2019, facilitate easier access to the capital businesses...
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January 18, 2019, 07:11 AM
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Business Development Corporation of America, through a wholly-owned, consolidated special purpose financing subsidiary, BDCA Funding I, LLC, entered into an amendment to its revolving credit facility with the company, as the servicer, Wells Fargo...
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December 27, 2018, 08:00 AM
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LendingUSA, a leading financing provider specializing in point-of-need solutions for merchants, has announced the closing of a $50 million debt facility. Sector Financial, an affiliate of Credit Suisse, one of the world's leading financial services...
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October 17, 2018, 07:14 AM
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People's United Bank , N.A. a subsidiary of People's United Financial, Inc., announced its Commercial Banking division acted as Lead Arranger for a three-year, $60 Million expandable Senior Revolving Credit Facility for NS Leasing, LLC dba North Star...
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October 02, 2018, 08:00 AM
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Northleaf Capital Partners announced that it acted as the sole lead arranger of a $50 million senior secured credit facility and a separate preferred equity investment, the value of which was not disclosed, to support the recapitalization and growth...
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September 27, 2018, 07:00 AM
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Gibraltar Business Capital, an industry leader in providing small and mid-market businesses with capital to solve short-term challenges or seize growth opportunities, announced today an increase in its credit line with Wells Fargo Capital Finance...
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September 26, 2018, 08:00 AM
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Alterna Capital Solutions, a specialty and alternative financing lender to small businesses experiencing growth, announced a $30 million asset-based credit facility with Wells Fargo Capital Finance, a division of Wells Fargo & Company. The line will...
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September 19, 2018, 08:15 AM
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Flexiti, a private label credit card (PLCC) issuer, announced it has received an $80 million mezzanine debt facility from Credit Suisse Asset Management. The loan will provide Flexiti with capital to finance future originations and help its merchant...
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September 07, 2018, 07:10 AM
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CAN Capital, Inc., a technology-driven small business specialty finance company, announced that it has agreed to a financing transaction of up to $287 million to enhance its capital capacity with Varadero Capital, L.P., a New York-based alternative...
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September 06, 2018, 08:00 AM
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Worldfab, LLC, announced that it has established an Equipment Leasing Investment Program with alternative investment advisory firm Atalaya Capital Management LP to fund equipment leases and other transactions originated by Worldfab.“We are excited to...
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September 05, 2018, 07:10 AM
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Capital One announced that it has renewed and upsized the three-year, expandable senior secured revolving credit facility it originally provided 36th Street Capital Partners in June 2017. The revolver is now $75 million—an increase of $25 million.“We...
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August 15, 2018, 08:20 AM
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OnDeck®, a provider of online lending for small business, announced the closing of a $175 million asset-backed revolving credit facility consisting of funds provided by Liberty Mutual Insurance Company and certain of its affiliates, as well as funds...
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August 09, 2018, 07:15 AM
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Accord Financial Corp. announced that it has signed a new senior secured revolving credit facility totaling $292 million with a syndicate of banks. The three-year agreement was arranged by The Bank of Nova Scotia (Scotiabank), acting as...
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August 02, 2018, 07:12 AM
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Rise Line Business Credit, LLC (Rise Line), an asset based lender headquartered in New York, announced that they have completed a revolving leverage facility with Wells Fargo Capital Finance, a part of Wells Fargo & Company. “We are thrilled to work...
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LendingPoint announced it closed an increase of its mezzanine financing, bringing the total of the facility to $52.5 million.
Paragon Outcomes Management LLC provided the financing that closed earlier this month. Paragon and LendingPoint have been...
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Stonebriar Commercial Finance, an independent large-ticket commercial finance and leasing company and an operating subsidiary of Eldridge Industries, announced the closing of a new $500 million revolving credit facility. The Facility will provide...
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First Atlantic Capital, Ltd., a New York-based private investment firm specializing in acquiring and growing mid-size companies, announced that TPG Growth, the global middle market and growth equity platform of alternative asset firm TPG, has made a...
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World Business Lenders (WBL), a provider of working capital to small businesses across the United States, announced that it has secured a new multi-draw credit facility to supplement its facilities with other institutions. The lender to this facility...
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Capital One announced that it served as the administrative agent for a $420 million, five-year senior secured line of credit for PennantPark Senior Secured Loan Fund I, LLC, which is a portfolio company of PennantPark Floating Rate Capital, Ltd., a...
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BlueVine secured a $200 million asset-backed revolving credit facility with Credit Suisse, one of the world's leading financial services providers. BlueVine will use the capital to expand its highly-successful business line of credit...
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FS Investments and KKR announced the closing of their previously announced transaction to create the market's largest business development company (BDC) platform, with $18 billion in combined assets under management.
A new partnership, FS/KKR...
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Capital One announced that it served as the administrative agent and sole lender for a $100 million five-year senior secured line of credit for MRCC Senior Loan Fund I, LLC, a joint venture between Monroe Capital Corporation (MRCC), the business...
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FinFit Ops LLC, a FinTech company that provides over 80,000 American companies with a unique financial wellness benefit platform, announced the closing of a $35 million senior credit facility with Ares Management. FinFit has the ability to increase...
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TriplePoint Venture Growth BDC Corp. announced it has amended and renewed its revolving credit facility. Deutsche Bank AG, New York Branch serves as administrative agent and as a lender together with existing lenders KeyBank National Association and...
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January 26, 2018, 07:30 AM
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Virgo Investment Group announced a significant $50 million equity investment in and partnership with Stonegate Capital Holdings, LLC, a private specialty finance company.
Based in Chicago, Stonegate is focused on delivering sophisticated senior...
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November 29, 2017, 07:35 AM
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Capital Southwest Corporation, an internally managed Business Development Company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, announced an amendment to its Senior Secured Credit...
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November 21, 2017, 07:00 AM
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Citizens Bank announced that Citizens Commercial Banking is providing a revolving line of credit for Stonegate Capital LLC, a Chicago-based commercial finance company serving lower middle market companies unable to obtain traditional bank financing....
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November 08, 2017, 07:26 AM
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BlueVine is expanding its reach in online business lending with new debt financing of up to $130 million and a new additional line of credit product that allows business owners to make monthly, instead of weekly, payments, over 12 months.BlueVine...
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October 18, 2017, 07:16 AM
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Chesswood Group Limited announced that it has exercised the remaining $50 million accordion feature in its existing corporate revolving credit facility, increasing the facility to $250 million.The facility matures in December 2019 and Chesswood has...
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August 30, 2017, 07:13 AM
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HomEquity Bank announced that it has secured a $120 million senior revolving credit facility, secured by a portfolio of reverse mortgages. This Facility has been provided by a syndicate of five leading lenders and is renewable annually. CIBC served...
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August 29, 2017, 07:00 AM
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Capitala Finance, a business development company, said it has amended and extended its senior secured revolving credit facility led by ING Capital.The amended credit facility provides commitments of $114.5 million and an expansion of the accordion...
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Patch of Land, a provider of online real estate lending using a technology-rich crowdfunding platform, has expanded its senior warehouse debt facility with SF Capital from $10 million to $30 million. SF Capital, a private investment firm with a...
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Financeit, a market-leading point-of-sale financing platform, announced that it has signed a significant extension of its credit facility agreement with ClearFlow Commercial Finance Inc. This agreement provides further stability, adds additional...
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Business Capital has structured and secured a $17 million asset based capital facility for Sol Acceptance, a finance company that has been purchasing automobile loans from approximately 30 dealerships in California since 2014.The management team has...
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Great American Capital Partners, a wholly-owned subsidiary of B. Riley Financial, Inc., announced that a fund managed by GACP has entered into an agreement with General Finance Corporation to provide a $20 million term loan for certain subsidiaries...
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Lovell Minnick Partners, a private equity firm specializing in financial and related business services companies, today announced that it has completed a majority investment in Global Financial Credit, a commercial and consumer finance company that...
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Ygrene Energy Fund, a national provider of residential, commercial and multifamily PACE (property assessed clean energy) financing, announced that it has upsized its warehouse credit line to $410 million. Deutsche Bank, SunTrust Robinson Humphrey...
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OnDeck announced that it had amended its asset-backed revolving credit facility with Deutsche Bank to extend the facility's maturity date to March 2019 and to increase the facility's borrowing capacity by approximately $52 million to a total of up to...
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Fundation Group LLC, a leading digitally-enabled lender and credit solutions provider, announced that it has secured an asset backed credit facility from MidCap Financial, a leading specialty finance firm focused on the middle market. This credit...
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Breakout Capital, a technology-enabled small business lender, announced it obtained a new revolving credit facility from Drift Capital Partners, LLC, an alternative asset management company based in Charleston, South Carolina. The facility is...
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February 08, 2017, 07:14 AM
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Tree Line Capital Partners LLC announced the closing of a Senior Secured Revolving Credit Facility led by ING Capital LLC. ING Capital led an initial closing on Nov. 22 that included commitments from ING Capital, EverBank Commercial Finance Inc. and...
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December 21, 2016, 07:05 AM
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Tree Line Capital Partners LLC announced the closing of a Senior Secured Revolving Credit Facility led by ING Capital LLC.ING Capital led an initial closing on Nov. 22 that included commitments from ING Capital, EverBank Commercial Finance Inc. and...
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December 14, 2016, 07:19 AM
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OnDeck, a leader in online lending for small business, announced today the closing of a $200 million asset-backed revolving debt facility with Credit Suisse.In addition to its other funding sources, OnDeck may now obtain funding under the new credit...
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December 09, 2016, 08:11 AM
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Allegiant Partners Incorporated, dba AP Equipment Financing, closed an increase to $57 million of its senior credit facility with BMO Harris Bank. “AP Equipment Financing has grown quickly over the past several years. BMO Harris Bank has been very...
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December 05, 2016, 07:45 AM
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Chesswood Group Limited has expanded and renewed its corporate revolving credit facility for a term of three years, expiring in December 2019. The existing $150 million credit facility was due to mature in December 2017. The credit facility has been...
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December 01, 2016, 07:21 AM
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Mosaic, a leading provider of solar loan financing for homeowners, announced the closing of a $250 million warehouse facility with Deutsche Bank as the arranger and administrative agent. Together with recent upsizes to Mosaic's existing warehouse...
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November 22, 2016, 07:11 AM
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Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of up to $100 million senior credit facility to support the growth of LiftForward, Inc. (“LiftForward”). Based in New York, New York, LiftForward...
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November 18, 2016, 07:42 AM
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i2B Capital, a provider of direct financing to niche-market financial entrepreneurs, is pleased to announce the closing of a $4 million asset-based revolving line of credit with an accordion to $6 million with CFG Merchant Solutions (CFGMS). CFGMS is...
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November 09, 2016, 07:42 AM
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Coral Capital Solutions, an innovative provider of financing solutions for North American medium sized enterprises, announced it has secured a $25 million senior credit facility from Wells Fargo Capital Finance, a leader in asset-based lending. The...
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November 03, 2016, 07:48 AM
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Able Lending, an online lender to small businesses, announced that it received $100 million in debt financing from Community Investment Management (“CIM”), the first impact investment firm focused on marketplace lending. This investment allows Able...
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September 28, 2016, 07:41 AM
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Citizens Bank announced that Citizens Commercial Banking has led a new $300 million revolving credit facility for Nations Fund I, LLC, a wholly owned subsidiary of Nations Equipment Finance, LLC. Nations is a commercial finance company that provides...
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September 22, 2016, 07:44 AM
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InterNex Capital ("InterNex"), a digital asset-based lender announced today that it has secured a funding facility up to $100 million from 400 Capital Management ("400 Capital"), a structured credit asset management firm. The facility will allow the...
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September 14, 2016, 07:45 AM
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Capital Southwest Corporation announced the closing of a four-year syndicated revolving credit facility led by ING Capital LLC in the initial amount of $100 million, with an accordion feature that provides for expansion of the facility up to $150...
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August 31, 2016, 07:36 AM
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Regional Management Corp., a diversified consumer finance company, announced today that it has amended its senior revolving credit facility agreement. The committed line under the credit facility has increased to $585 million from its previous amount...
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August 30, 2016, 07:17 AM
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Solar Senior Capital Ltd. announced that a wholly owned subsidiary of its First Lien Loan Program ("FLLP"), a joint venture with Voya Investment Management to invest in first lien senior secured loans to U.S. middle- market companies, has amended its...
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August 16, 2016, 07:28 AM
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Investors Bank Asset Based Lending (ABL) Group recently arranged a $5 million revolving line of credit for the Plus Funding Group. Based in White Plains, New York, the Plus Funding Group, which serves small to medium-sized firms by providing...
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August 15, 2016, 07:56 AM
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Elevate, a leading provider of innovative online credit solutions for non-prime consumers, has increased its credit facility with Victory Park Capital (VPC), a privately held registered investment advisor dedicated to alternative investing, by an...
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Victory Park Capital (VPC), an investment firm focused on private middle-market debt and equity investments, announced that it has provided a $25 million senior secured credit facility to West Creek Financial, Inc. (West Creek), a point-of-sale lease...
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Banco Latinoamericano de Comercio Exterior, S.A. ("Bladex" or the "Bank") announced the recent closing of a three year, U.S.$73.5 million, senior secured syndicated facility, comprising a U.S. Dollar tranche and a Mexican Peso tranche, in favor of...
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Middlemarch Partners announces its role as a financial and strategic advisor in the completion of an up to $60 million debt facility raise for CapFusion, an online provider of small business loans. The financing will enable CapFusion to accelerate...
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Fora Financial, a provider of flexible working capital solutions to small businesses, announced the closing of a $52.5 million senior revolving credit facility. A group of four financial institutions will participate in the new facility, with AloStar...
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IOU Financial Inc., an online lender to small businesses, is pleased to announce that it has entered into a $50 million credit facility with MidCap Financial. The facility will have an initial commitment amount of $25 million and will be expandable...
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On April 18, 2016, Ares Capital Corporation entered into an agreement to amend and restate its senior secured revolving credit facility (as amended and restated, the “A&R Revolving Credit Facility”). The A&R Revolving Credit Facility, among other...
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Hercules Capital, Inc., a leading specialty financing provider to innovative venture growth stage companies backed by leading venture capital firms, today announced that effective April 7, 2016, it has expanded its credit facility with Wells Fargo...
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Victory Park Capital, an investment firm focused on private middle-market debt and equity investments, has provided a $100 million senior secured credit facility to Wheels Financial Group, LLC (d/b/a “LoanMart”), an auto title lender. The credit...
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Ally Financial Inc. announced that it has completed the renewal of $11 billion in credit facilities to fund consumer and commercial automotive assets at both the parent company and at its banking subsidiary, Ally Bank, with a syndicate of 16 lenders....
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Rifco National Auto Finance Corporation, subsidiary of Rifco Inc. has extended its $100 million bank line of credit from the Wells Fargo lead banking syndicate.The facility will now be a three-year committed facility with a maturity date of Feb 17...
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February 19, 2016, 07:53 AM
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AloStar provided a $10 million commitment to CapFlow Funding Group Managers LLC (“CapFlow”), a commercial finance company based in Rutherford, N.J. CapFlow specializes in factoring, purchase order funding, refactoring and small, cash flow-based loans...
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February 16, 2016, 08:02 AM
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AloStar provided $10.7 million in capital to a new client through its lender finance unit, AloStar Lender Finance. AloStar continues to support this vertical, which has committed more than $500 million to its partners to date. “AloStar Lender Finance...
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February 09, 2016, 07:33 AM
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BFS Capital Inc., a leading small business financing platform, has entered into a $165 million Amended and Restated Loan and Security Agreement with Wells Fargo Capital Finance as administrative agent. The agreement provides for additional increases...
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February 05, 2016, 07:27 AM
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Veritas Autofinance, LLC announced that it has entered into a new one year revolving credit agreement with Credit Suisse AG.Loans under the credit facility were rated by DBRS, Inc. and will be secured by automobile receivables that Veritas now holds...
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February 02, 2016, 07:26 AM
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Finacity Corporation served as advisor to a loan origination program recently closed between General Financial, Inc. of Atlanta, Georgia and a federally chartered regional bank. The program facilitates the future origination of internet marketed...
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December 28, 2015, 07:28 AM
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Comvest Partners, through its Comvest Capital lending platform, and Crystal Financial LLC, a provider of debt capital solutions to middle-market businesses, announced that they have acted as Co-Agents in providing a term loan to Crest Financial....
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December 22, 2015, 07:51 AM
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Ares Commercial Real Estate Corporation announced has closed a new $155.0 million secured term loan. The loan has a term of three years and proceeds will be used to fund new loan originations as well as for other general corporate purposes. The...
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December 14, 2015, 07:29 AM
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Consumer Portfolio Services, Inc. has entered into a new two-year revolving credit agreement with Credit Suisse AG and Ares Agent Services, L.P.Loans under the new credit agreement will be secured by automobile receivables that CPS now holds or will...
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December 01, 2015, 07:33 AM
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AloStar provided a $15 million commitment to Stonemark Holdings, Inc. of Frisco, Texas.Founded in 1983, Stonemark Holdings, Inc. provides insurance premium financing for companies operating in 16 different states. AloStar’s commitment was funded...
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November 25, 2015, 07:56 AM
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ACC Mortgage, Inc. a provider of real estate loans signed a $100 Million forward flow commitment to provide real estate loans, including residential and commercial mortgages.The Maryland based company said it signed the commitment with Seer Capital...
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November 23, 2015, 08:00 AM
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Goldman Sachs BDC, Inc. has favorably amended its senior secured revolving credit agreement, resulting in a reduction of the stated interest rate and an extension of the maturity date. Aggregate commitments under the revolving credit facility...
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November 06, 2015, 07:18 AM
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Capital Southwest committed $7.5 million to lead the last-out portion of a unitranche asset-based credit facility for Freedom Truck Finance, a Dallas-based secondary truck finance company specializing in the acquisition and management of sub-prime...
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October 14, 2015, 07:51 AM
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National Funding announced that it has secured additional funding from its longtime bank partner, Wells Fargo. Wells Fargo Capital Finance will increase its line of credit up to $75 million, which will help fund small business, working capital and...
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October 13, 2015, 07:56 AM
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CIT Group announced that CIT Energy Finance served as lead arranger in a senior secured credit facility of up to $120 million for Sunlight Financial LLC, a provider of financing for the residential solar market. Sunlight Financial is backed by...
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September 25, 2015, 08:07 AM
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Harvest Capital Credit Corporation has amended its senior secured revolving credit facility with CapitalSource, a division of Pacific Western Bank, and City National Bank to, among other things, extend the revolving period and reduce pricing under...
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September 24, 2015, 07:13 AM
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Regional Management Corp., a diversified specialty consumer finance company, has amended and restated its senior revolving credit facility agreement, receiving an increase in the committed line under the credit facility to $538 million from its...
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September 21, 2015, 07:38 AM
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Victory Park Capital (VPC), an asset management firm focused on middle-market debt and equity investments, announced it will invest up to 230 million euro in loans originated by Zencap over a three year period, under an exclusive agreement. The...
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September 01, 2015, 07:36 AM
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Elevate, a provider of innovative online credit solutions for non-prime consumers, announced it has increased its credit facility with Victory Park Capital (VPC) by an additional $70 million to a total of $385 million. The company will use the...
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August 28, 2015, 07:38 AM
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Avant, a marketplace lending platform, announced two newly secured transactions totaling $339 million in debt financing. These recently minted deals bring Avant's funding total to $1.1 billion in debt financing, $334 million in equity financing and...
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August 21, 2015, 07:19 AM
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THL Credit, Inc., a direct lender to middle market companies, announced an amendment, extension and the reduction of pricing of its existing term loan credit facility and an amendment and extension of its revolving credit facility. The financing was...
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August 20, 2015, 07:27 AM
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Fifth Street Finance Corp. announced that it has finalized an amendment to extend the maturity and reduce pricing on its existing $125 million revolving credit facility with Sumitomo Mitsui Banking Corporation ("SMBC"). The reinvestment period was...
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August 19, 2015, 07:52 AM
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Channel Partners LLC announced today a new, broad-based funding partnership with Chicago-based Monroe Capital LLC. Under the terms of the deal, affiliate Channel Partners Capital secured a minority equity investment from Monroe and closed a new three...
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August 13, 2015, 08:07 AM
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Horizon Technology Finance Corporation announced that its wholly owned subsidiary, Horizon Credit II LLC, has amended its syndicated revolving credit facility led by KeyBank National Association.The amendment increases the size of the credit facility...
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August 13, 2015, 07:56 AM
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Strategic Funding Source, Inc., a provider of direct financing to small and midsize businesses, announced that it has closed on a $90 million revolving credit facility. Led by CapitalSource, a division of Pacific Western Bank, the loan agreement...
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LSQ Funding Group, a leading technology-enabled provider of invoice (receivables) financing for small- and midsized businesses, announced that it has received $40 million of capital from Ares Capital Corporation, the largest business development...
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Ares Capital Corporation (ARCC) extended the maturity and reduced pricing on its existing $400 million revolving funding facility with Sumitomo Mitsui Banking Corporation. ARCC extended the reinvestment period by one year to September 14, 2017 and...
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FLOCK Specialty Finance is a leading specialty finance company that provides capital for businesses in the subprime consumer finance markets as well as for debt buyers of distressed and subprime consumer credit obligations. The announced agreement...
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Wells Fargo Capital Finance announced that its Lender Finance division was administrative agent and lead arranger for a $450 million senior revolver for Ares Commercial Finance LP (“ACF”), a fund managed by the commercial finance platform of Ares...
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NewStar Financial Inc., an internally-managed commercial finance company, announced that it has formed a new financing subsidiary, NewStar Warehouse Funding I, which has entered into a $175 million revolving warehouse financing arrangement with...
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Victory Park Capital (VPC), an asset management firm focused on middle market debt and equity investments, announced it has provided a $50 million credit facility to The Credit Junction, an online provider of working capital financing to small and...
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Kilowatt Financial, a leading clean energy consumer finance company, today announced that it recently closed a $200 million debt warehouse facility with Citi to finance residential solar power systems for homeowners. The transaction expands Kilowatt...
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North Mill Equipment Finance has increased the size of its senior loan facility with Wells Fargo Capital Finance to $75 million. The increased loan facility will enable North Mill to expand its business of originating small-ticket equipment leases...
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LendKey announced it has secured a financing commitment from MidCap Financial, a leading specialty finance firm that is managed pursuant to an investment management agreement by a subsidiary of Apollo Global Management, one of the world's leading...
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Online direct lender Dealstruck has secured a new $50 million credit facility led by Brevet Capital Management, LLC and $8.3 million in equity funding led by Trinity Ventures. This latest round of funding will allow Dealstruck to provide growth...
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Victory Park Capital (VPC) announced it will increase its investment in Upstart loans from $100 million to $500 million. Based in Palo Alto, Calif. Upstart is a lending platform that goes beyond the FICO score to finance people based on signals of...
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CAN Capital, a leading player in alternative small business finance, announced today that it secured a $650 million credit facility from a dozen leading lenders. Led by Wells Fargo Capital Finance, the transaction includes new commitments from Morgan...
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NXT Capital, announced that its Equipment Finance Group has increased its revolving credit facility from $150 million to $325 million. This credit facility increase provides additional financing to support the growth of NXT’s equipment loan and lease...
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February 11, 2015, 07:27 AM
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Fifth Street Senior Floating Rate Corp., an affiliate of Fifth Street Asset Management Inc., announced the closing of a $175 million senior secured revolving credit facility with Citibank, N.A. The facility has a three-year reinvestment period and a...
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January 21, 2015, 07:52 AM
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United Capital Funding Corp., a leading provider of professional Accounts Receivable based funding and credit management solutions in the United States, announced it has finalized a renewal of its current financing facility with Memphis, Tenn.-based...
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December 24, 2014, 07:55 AM
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Veritas Financial Partners, a leading national financial services firm providing senior-secured loans to small-and middle-market businesses, has raised $125 million in debt and equity to provide for future growth. The company recently entered into a...
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December 16, 2014, 07:37 AM
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Chesswood Group Limited has entered into a new three year, $150 million, revolving senior secured credit facility. The facility also includes a $50 million accordion feature which would expand the facility to $200 million, if exercised.The credit...
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December 09, 2014, 07:29 AM
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Victory Park Capital, an asset management firm focused on middle market debt and equity investments, announced that it has increased its existing credit facility to $500 million for AvantCredit, one of the nation’s fastest growing online providers of...
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December 08, 2014, 07:57 AM
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Newtek Business Services, The Small Business Authority, announced its lending subsidiary, Newtek Small Business Finance, Inc., closed an additional $23 million in financing, which will increase its existing revolving credit facility to $50 million...
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October 31, 2014, 07:29 AM
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TICC Capital Corp. announced TICC Funding, a special purpose vehicle and wholly-owned subsidiary of TICC Capital Corp., entered into a revolving credit facility with Citibank, N.A. The company also announced that it used part of the proceeds from the...
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October 29, 2014, 07:07 AM
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Element Financial Corporation has expanded the company's existing senior credit facility to $1.6 billion with the addition of a further $100 million commitment from a U.S.-based bank. The company's senior banking facility is led by Bank of Montreal...
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October 24, 2014, 07:11 AM
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Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the recapitalization of Towne Mortgage Corporation (“Towne”) by American Community Homes, Inc. a platform...
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October 20, 2014, 07:54 AM
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TCF Capital Funding ("TCFCF"), the Chicago-based cash flow and asset-based lending division of TCF National Bank (“TCF Bank”), announced that it provided $13 million of secured financing to support the acquisition of eCommission Financial Services...
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September 15, 2014, 07:51 AM
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National Funding, one of the country’s largest private lenders of small business loans, announced that on July 31, 2014, the company entered into a Loan and Security Agreement deal with CapitalSource, a division of Pacific Western Bank. CapitalSource...
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September 09, 2014, 07:34 AM
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Business Financial Services announced a $125 million credit line with Wells Fargo Capital Finance, a part of Wells Fargo & Company. The new credit line is an increase from the existing $82 million credit line that the company announced last...
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August 28, 2014, 08:08 AM
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easyhome Ltd., the Canadian leader in providing goods and financial services to the cash and credit constrained consumer, has entered into a new $200 million credit facility, replacing the company’s current debt facilities and providing $115 million...
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AvantCredit, the fastest growing national online provider of consumer loans, announced the completion of a $75 million round of Series C funding led by Tiger Global Management and a $200 million credit facility led by Victory Park Capital. The...
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Newtek Business Services, Inc., The Small Business Authority, announced today that it has entered into a $20 million credit agreement with Capital One, N.A., which consists of a $10 million term loan and a $10 million revolving credit facility. ...
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AloStar Business Credit announced that it has provided a $20 million line of credit to Lenders Funding, LLC (the Company) a private funding source for factors and asset-based lenders with offices in California, Virginia and New Jersey. Established in...
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Quick Bridge Funding recently closed a $35 million credit facility with a Southern California bank. The financing will be used to expand Quick Bridge Funding’s short-term working capital loan programs.Quick Bridge Funding provides short-term term...
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Wells Fargo Capital Finance, part of Wells Fargo & Company, announced its Lender Finance group was administrative agent and lead arranger for a $150 million senior revolver for ACF FinCo I LP, an affiliate of Ares Management, L.P. (“Ares”). Ares is a...
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AloStar Business Credit has provided a $15 million term loan facility to fund the growth of Atlanticus Holding Corporation’s subsidiaries, Fortiva Financial and YBUY, Inc. Atlanticus, through its subsidiaries, provides financial services primarily...
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Firestone Financial Corp. a leader in equipment financing, signed a $225 million, multi-year revolving credit facility at the end of last year; this is an increase from the prior facility of $125 Million. The bank group is led by RBS Citizens, N.A....
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Aequitas Capital, an alternative asset management company specializing in private credit and private equity strategies, today announced that it has reached an agreement with Bank of America Merrill Lynch for a three-year credit facility of up to $60...
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Fifth Street Finance Corp. announced the addition of a new lender and an incremental commitment from an existing lender to its syndicated bank credit facility led by ING Capital LLC. As a result, the committed facility size increased by $20 million...
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Kabbage, Inc., the leading online provider of working capital for small businesses, announced that it has closed a revolving, three-year, $270 million credit facility. Top tier institutional investors participated in the oversubscribed initial debt...
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Merchant Cash and Capital (MCC), a pioneer and leader in the small business financing industry, announced that it has expanded its secured term loan to $75 million through a consortium led by Comvest Partners’ Comvest Capital II debt fund. Coupled...
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Business Development Corporation of America ("BDCA"), a business development company primarily focused on senior debt investments in middle market private companies, announced that on February 21, 2014, it entered into a $60 million senior secured...
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February 28, 2014, 08:04 AM
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TCP Capital Corp., a business development company, announced that it has amended its revolving credit facility with Deutsche Bank AG to extend the maturity date from May 15, 2016 to May 15, 2017 and expand the credit facility from $100 million to...
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February 24, 2014, 07:28 AM
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North Mill Capital, LLC (North Mill), a leading ABL lender and factor for small businesses, announced it has secured a new, three-year, $90 million credit facility led by Wells Fargo Capital Finance, part of Wells Fargo & Company, BMO Harris Bank...
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January 28, 2014, 09:00 AM
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Kilowatt Financial, a leading clean energy consumer finance company, announced that it recently closed a $100 million debt facility from Citi to finance energy efficiency loans for homeowners.With facility proceeds, Kilowatt will enable homeowners...
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January 23, 2014, 08:03 AM
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CAN Capital announced $33 million in funding led by Meritech Capital Partners (Meritech) with increased participation and ownership from existing investor Accel Partners (Accel). Meritech and Accel were joined in the funding round by Ribbit Capital...
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January 10, 2014, 07:21 AM
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RCN Capital, LLC (RCN), a South Windsor, CT based specialty lender, has closed on a $25 million revolving credit facility with BofI Federal Bank (BofI). RCN is a private lender, assisting real estate investors and developers in the purchase and...
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January 03, 2014, 07:59 AM
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Monroe Capital Corporation, a business development company announced the successful amendment of its bank revolving credit facility led by ING Capital LLC.The amended facility includes an increase in the size of the current revolver commitments to...
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December 20, 2013, 07:33 AM
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Prospect Capital announced it has entered into a definitive agreement to acquire 100% of the common stock of Nicholas Financial, Inc. for $16.00 per share. Subject to certain conditions, the transaction is currently contemplated to close in April...
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December 19, 2013, 07:21 AM
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Sierra Income Corporation announced the closing of a Senior Secured Revolving Credit Facility led by ING Capital LLC with an initial commitment of $50 million from ING Capital and EverBank Commercial Finance, Inc. The credit facility has an accordion...
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December 10, 2013, 07:46 AM
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Prospect Capital Corporation announced that Prospect has increased total commitments to its five-year $650 million revolving credit facility (the "Facility") by $62.5 million to the target of $650 million, filling the accordion feature of the...
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December 09, 2013, 07:10 AM
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NewStar Financial, Inc., a specialized commercial finance company, announced that it has amended an existing credit facility with Wells Fargo Bank N.A., increasing the commitment amount by $100 million to $275 million with an accordion feature that...
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December 04, 2013, 07:55 AM
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BofI Federal Bank Lender Finance division announces it recently completed a $15MM asset-based credit facility for CapFlow Funding Group Managers, a specialty finance lender located in Rutherford, NJ. In addition to replacing an existing lender, the...
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November 14, 2013, 07:16 AM
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Fifth Street Senior Floating Rate Corp. announced that it has closed a $100 million credit facility with Natixis, New York Branch. Pricing on the new facility is set at the applicable commercial paper rate plus 1.9% per annum. The interest rate would...
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November 08, 2013, 07:16 AM
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Golub Capital BDC, Inc., a business development company, today announced that its wholly owned subsidiary, Golub Capital BDC Funding LLC ("Funding"), increased the size of its senior secured revolving credit facility from $100 million to $250 million...
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November 05, 2013, 07:51 AM
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loanDepot.com, LLC (loanDepot), one of the largest retail mortgage lenders in the U.S., announced it closed a new $80 million credit facility on Oct. 18, 2013. loanDepot intends to use the net proceeds of the offering, along with cash on hand, to...
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November 05, 2013, 07:27 AM
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Harvest Capital Credit Corporation closed a five-year senior secured credit facility with an initial commitment of $55 million. The credit facility was arranged by CapitalSource Bank, and both CapitalSource Bank and City National Bank are lenders...
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November 01, 2013, 08:03 AM
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MidCap Financial, the nation’s leading independent commercial finance company focused exclusively on middle market healthcare companies, announced that it has favorably negotiated the extension of its credit facility led by Wells Fargo Capital...
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October 23, 2013, 08:02 AM
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Gemino Healthcare Finance, provider of asset-based and term financing solutions for small to mid-size healthcare companies, announced the closing of a $100 million four-year revolving credit facility with an accordion feature that allows for the...
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October 17, 2013, 08:04 AM
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Medley Capital Corporation announced the closing of an additional $20 million of commitments to its senior secured revolving and term loan credit facilities. Total commitments to the credit facility are $365 million, comprised of $245 million...
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September 27, 2013, 07:14 AM
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TCP Capital Corp., a business development company, announced that it has expanded its revolving credit facility with Deutsche Bank AG from $50 million to $100 million. The accordion feature of the credit facility was also expanded up to $200 million....
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September 11, 2013, 07:31 AM
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First Capital, a specialized commercial finance company, announced that it extended the maturity of its $150 million senior secured credit facility with a group of lenders, including Key Equipment Finance, through October 2014. “This transaction...
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August 13, 2013, 08:02 AM
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City Loan, a Larsen MacColl Partners portfolio company, announces the close of a $30 million term loan with Comvest Partners. Based in Long Beach, CA, City Title Loan, is a specialty finance company that provides direct-to-consumer loans.“We are...
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BlueTarp Financial, a leading trade credit provider for the building supply industry, announced it recently closed a $15 million equity round led by new investor Long Ridge Equity Partners. BlueTarp's existing investor group, including Highland...
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CIT Group announced that it provided a $42 million senior secured loan to Garrison Investment Group, a leading middle market credit, asset-based and real estate investor located in New York City. The facility will be used to purchase seven community...
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The makers of Zebit, a Big Data underwriting solution that powers financial products that bridge the gap between payday loans and traditional bank credit, announced that Crystal Financial LLC has underwritten and funded a $30 million term debt...
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Triangle Capital, a provider of capital to lower middle market companies, has amended its $165 million senior secured credit facility jointly arranged by BB&T Capital Markets and Fifth Third Bank. Key provisions of the amendment include extending the...
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Main Street Capital Corporation announced the expansion of total commitments under its five-year credit facility from $352.5 million to $372.5 million. The $20.0 million increase in total commitments was the result of the addition of one new lender...
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Veritas Financial Partners successfully closed a $4 million revolving line of credit for a factoring and purchase order company in order to support its continued growth and leverage its equity base. The company is a national factor and purchase order...
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Horizon Technology Finance, a specialty finance company that provides secured loans to venture capital and private equity backed development-stage companies in the technology, life science, healthcare information and services, and clean-tech...
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Capital Access Network, Inc. (CAN) has added $165 million to its line of credit from a syndicate of premier financial institutions, now including Capital One, Amalgamated Bank, Regions Bank, Capital Source and AloStar. These banks join Wells Fargo...
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NewStar Financial Inc. announced that it has amended and restated its senior secured notes to increase the amount to $200 million, extend the term to five years and reduce the interest rate among other things. The notes were rated BB- by Standard &...
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