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News Stories (77 Results) - Transportation

Commercial Funding Inc., a national provider of invoice factoring and accounts receivable financing, closed its first asset-based lending (ABL) transaction, shortly after announcing the introduction of ABL services in August.The $3.5 million... Read Story

October 14, 2020, 09:05 AM

Wintrust Receivables Finance, part of Wintrust Business Credit, announced the closing of a new $5 million accounts receivable-based line of credit for a Midwest-based provider of expedited freight and transportation.After a strong year in 2018, this... Read Story

September 16, 2020, 09:10 AM

UMB Bank, N.A., transacting business as UMB Capital Finance, announced the closing and funding of a $4,000,000 revolving account receivable credit facility for a transportation company specializing in the delivery of refrigerated freight nationwide.... Read Story

March 06, 2020, 09:10 AM

TAB Bank has provided a $4 million asset-based revolving credit facility for a transportation company located in Kentucky. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs.In... Read Story

December 17, 2019, 08:45 AM

Lithia Motors Inc., a leading provider of personal transportation solutions, announced today that it completed an amendment and extension of its existing syndicated credit facility, increasing the total financing commitment to $2.8 billion, and... Read Story

December 13, 2019, 08:45 AM

Sallyport Commercial Finance provided a $2,000,000 Accounts Receivable facility to a business that operates in the Oil and Gas sector hauling waste water from oil wells and then disposing the waste water in their disposal sites.As part of an... Read Story

July 17, 2019, 08:30 AM

Car-as-a-Service provider Fair announced it has closed a $50 million debt facility from Silicon Valley Bank (SVB) to buy cars for its users—the latest in a series of many such transactions the company is making with institutional lenders as it scales... Read Story

January 25, 2019, 09:00 AM

Ares Commercial Finance announced that it has provided a $20 million senior secured revolving line of credit to TBL Group, Inc. (TBL).  TBL is supported by Enhanced Small Business Investment Company, LP.  Proceeds were used to refinance existing debt... Read Story

November 07, 2018, 08:01 AM

TAB Bank announced it has provided a $1 million revolving credit facility for a transportation company located in Oklahoma.  The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital... Read Story

October 12, 2018, 07:00 AM

Pacific Mercantile Bank, the wholly owned subsidiary of Pacific Mercantile Bancorp, announced that it has provided a $3.0 million credit facility to Avalon Transportation, consisting of a commercial term loan and a revolving line of credit.  In... Read Story

September 27, 2018, 08:00 AM

BlackArch Partners announced the recapitalization of VP Holding, Inc., a former portfolio company of Fort Point Capital, by Audax Private Equity.Van Pool, headquartered in Wilbraham, Massachusetts, is a leading provider of transportation services for... Read Story

July 13, 2018, 08:00 AM

Peter Lowney, President, announced that First Business Capital Corp. recently closed and funded a $3,400,000 credit facility including a revolving line of credit and equipment term loan for a private equity backed transportation and storage business... Read Story

June 12, 2018, 07:00 AM

GreenPower Motor Company Inc. announced that it intends to enter into a new credit facility for $2 million.BMO Bank of Montreal is providing GreenPower with a revolving operating demand loan for US $2,000,000, which bears interest at the US bank rate... Read Story

May 25, 2018, 07:00 AM

Pacific Mercantile Bank, the wholly owned subsidiary of Pacific Mercantile Bancorp, announced that it has extended $6.6 million in financing to Magna Transportation Group, a transportation and logistics company based in Rancho Cucamonga.  The... Read Story

March 21, 2018, 08:00 AM

Amerisource Business Capital announced the closing and funding of a $3,000,000 credit facility for a transportation and logistics firm based in upstate New York. The company was introduced to Amerisource by its banker. Proceeds from the facility were... Read Story

February 13, 2018, 07:00 AM

Fox Rent-A-Car, Inc. completed a $25 million debt refinancing that will assist the company in accelerating its growth. Based in Los Angeles, Fox is the fourth largest car rental agency in the United States. Proceeds from the refinancing will be used... Read Story

October 31, 2017, 08:00 AM

Sterling National Bank, the principal subsidiary of Sterling Bancorp, announced that it has provided a credit facility totaling $4.6 million to McCollister’s Transportation, a privately held, full service moving and storage company, headquartered in... Read Story

August 14, 2017, 09:00 AM

Big Shoulders Capital, an asset-based lender, provided a $1 million senior secured term loan to fund the acquisition of a crude oil transportation company. By working closely with the company, Big Shoulders was able to close and fund the transaction... Read Story

July 06, 2017, 07:01 AM

Trucker Path, America’s popular freight-matching platform, secured $30 million debt financing from Flexible Funding with the participation of Silicon Valley Bank to scale its financial services offered to trucking companies.Trucker Path helps... Read Story

June 20, 2017, 07:30 AM

North Mill Capital announced the funding of a $2 Million accounts receivable credit facility for Air Contact Transport.The funds were utilized to pay off the company's existing lender and provided additional working capital.   Air Contact Transport... Read Story

March 14, 2017, 07:00 AM

TAB Bank announced it has provided a $1.5 million revolving credit facility for a trucking company located in Minnesota.  The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs. ... Read Story

November 30, 2016, 07:11 AM

Tetra Capital, a factoring company specializing in the transportation industry, today announced they recently provided factoring facilities for 16 new transportation companies. The factoring facilities included: $25,000 to a Refrigerated Freight... Read Story

November 17, 2016, 06:42 AM

CAI International, Inc., one of the world's leading transportation finance and logistics companies, announced that it has entered into a new $100 million term line of credit on rail car assets from a syndicate of banks. The facility provides for up... Read Story

September 02, 2016, 07:18 AM

Tetra Capital, a factoring company specializing in the transportation industry, announced it recently provided factoring facilities for 16 new transportation companies. The factoring facilities include: $25,000 to a Dry Van Company in the... Read Story

August 18, 2016, 07:05 AM

TAB Bank announced it has provided working capital funding to two trucking companies located in the Midwest. Each funding represents TAB Bank’s commitment to providing customized financial solutions and dedicated service and support to the trucking... Read Story

August 11, 2016, 07:41 AM

Tetra Corporate Services, an equipment leasing company, announced it provided a $512,000 lease for auxiliary power unites to a trucking company located in the Midwest.Tetra provides a vast range of creative equipment leasing solutions for all types... Read Story

August 11, 2016, 07:04 AM

TAB Bank announced it has provided a $3.5 million asset-based revolving credit facility for a trucking company located in Utah.  The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital... Read Story

August 03, 2016, 07:47 AM

A transportation company in New York has chosen TAB Bank for a $2 million revolving credit facility. The new facility will pay off the company’s previous lender and will support the company’s ongoing working capital needs.The company is a freight... Read Story

July 21, 2016, 07:31 AM

TAB Bank announced it provided $25.3 million in trucking equipment loans for 195 transportation companies during the 2nd quarter of 2016.  Based in different regions of the country, these companies represent a broad spectrum of trucking entities... Read Story

July 07, 2016, 07:09 AM

Allied Affiliated Funding announced the following recently closed transaction:  $2 million accounts receivable facility including a $250,000 brokerage line and a $200,000 revolving line of credit to a Texas-based transportation company that hauls... Read Story

May 31, 2016, 07:21 AM

TAB Bank announced it has provided a $750 thousand revolving credit facility for a trucking company located in Illinois.  The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs.The... Read Story

May 26, 2016, 07:43 AM

Beacon Rail Leasing, a leading Pan-European rolling stock lessor, is pleased to announce that it has entered into an agreement to acquire Ascendos Rail Leasing S.à r.l., a European locomotive and rolling stock leasing company. The completion of the... Read Story

May 16, 2016, 07:40 AM

Two transportation companies based in Utah have chosen TAB Bank for working capital credit facilities. Since its founding, TAB Bank has partnered with trucking companies to create fast and flexible financing solutions that keep companies running... Read Story

April 25, 2016, 07:49 AM

TAB Bank announced it has provided a $2 million revolving credit facility for a dump truck company located in New Jersey.  The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital... Read Story

April 12, 2016, 07:46 AM

TAB Bank provided $27.9 million in trucking equipment loans for 233 transportation companies during the 1st quarter of 2016.  Based in different regions of the country, these companies represent a broad spectrum of trucking entities including... Read Story

April 07, 2016, 07:25 AM

A transportation company based in Florida has chosen TAB Bank for a $2 million revolving credit facility.  The facility is based on accounts receivable and will support the company’s ongoing working capital needs. The company is a family- owned... Read Story

March 04, 2016, 07:31 AM

TAB Bank announced it has provided TAB FAST funding for two trucking companies.  Each funding represents TAB’s commitment to providing working capital and other critical financial solutions and support to companies in the trucking industry.TAB FAST... Read Story

February 26, 2016, 07:51 AM

TAB Bank announced it has provided a $1.2 million revolving credit facility for a transportation company based in Georgia.  The facility is based on accounts receivable and will provide for the company’s ongoing working capital needs.The company was... Read Story

February 05, 2016, 07:18 AM

TAB Bank provided $43.9 million in trucking equipment loans for 144 transportation companies during the 3rd quarter of 2015.  Based in different regions of the country, these companies represent a broad spectrum of trucking entities including... Read Story

October 05, 2015, 07:07 AM

Roadrunner Transportation Systems, Inc. announced that on September 24, 2015, the company expanded its existing credit facility to $700 million from $550 million through 2019. Additionally, the amended credit agreement provides for the modification... Read Story

September 29, 2015, 07:51 AM

TAB Bank announced it has provided a $5 million revolving credit facility for a trucking company based in California.  Funding from the facility was used to pay off the company’s previous lender and will provide for their ongoing working capital... Read Story

August 31, 2015, 07:46 AM

TAB Bank has provided TAB FAST funding for a trucking company located in Georgia.  This transaction represents TAB’s commitment to providing working capital and other financial solutions to companies of all sizes in the trucking industry.The company... Read Story

August 25, 2015, 07:17 AM

TAB Bank announced it has provided a $3 million revolving credit facility for a trucking company based in Ohio.  Funding from the facility was used to pay off the company’s previous lender and will provide for their ongoing working capital needs.  In... Read Story

August 17, 2015, 07:21 AM

Tetra Capital, a factoring company specializing in the transportation industry, announced it recently provided factoring facilities for four new transportation companies. The factoring facilities included: A $25,000 to a Refrigerated Freight... Read Story

August 14, 2015, 07:01 AM

A transportation company located in the southern United States has chosen TAB Bank for an $18 million revolving credit facility. The new facility paid off the company's previous lender and will provide for the company's ongoing working capital... Read Story

August 06, 2015, 07:29 AM

TAB Bank announced it has provided TAB FAST funding for a trucking company located in Florida.  This transaction represents TAB’s commitment to providing working capital and other financial solutions to companies in the trucking industry.TAB FAST is... Read Story

July 31, 2015, 07:11 AM

Tetra Capital, a factoring company specializing in the transportation industry, announced they recently provided factoring facilities for four new transportation companies. The factoring facilities included: $25,000 to a Refrigerated Freight... Read Story

July 13, 2015, 07:17 AM

GA Advisory and Valuation Services LLC, a division of Great American Group (GA), has published its inaugural issue of the Transportation Monitor, a bi-annual publication that provides analysis of the transportation industry from a manufacturing and... Read Story

June 19, 2015, 07:29 AM

A trucking company located in the southeast has chosen TAB Bank for a $1.5 million revolving credit facility.  The new facility is based on accounts receivable and will provide cash flow for the company’s ongoing working capital needs.  In addition... Read Story

June 19, 2015, 07:10 AM

Tetra Capital, a factoring company specializing in the transportation industry, recently provided factoring facilities for five new transportation companies. The factoring facilities included: $25,000 to a refrigerated freight hauler from the... Read Story

June 16, 2015, 07:32 AM

Trinity Industries, Inc. has renewed and extended its unsecured corporate revolving credit facility through May 2020. The facility was previously scheduled to mature in October 2016. The size of the facility was also increased from $425 million to... Read Story

May 22, 2015, 07:46 AM

Tetra Capital, a factoring company specializing in the transportation industry, today announced they recently provided factoring facilities for six new transportation companies. The factoring facilities include: $25,000 to a Utah-based... Read Story

May 05, 2015, 07:04 AM

TAB Bank announced it has provided TAB FAST funding to two trucking companies.  Each funding represents TAB’s commitment to providing working capital and other financial solutions to companies in the trucking industry.TAB FAST is TAB Bank’s quick... Read Story

April 21, 2015, 06:47 AM

Tetra Capital, a factoring company specializing in the transportation industry, today announced they recently provided factoring facilities for nine new transportation companies. The factoring facilities included: $75,000 to a California based Dry... Read Story

April 07, 2015, 07:06 AM

Tetra Capital, a factoring company specializing in the transportation industry, announced the company helped 97 new transportation companies get the financing they needed in 2014. “We are pleased to have been able to provide freight bill factoring... Read Story

January 16, 2015, 06:46 AM

A trucking company located in Texas has chosen TAB Bank for a $350,000 revolving credit facility.  The new facility paid off the company’s previous lender and will be used for their ongoing working capital needs.  In addition to the credit facility... Read Story

December 12, 2014, 07:26 AM

Tetra Capital, a factoring company specializing in the transportation industry, today announced they recently provided factoring facilities for eleven new transportation companies in November. The factoring facilities included: $30,000 to a... Read Story

December 05, 2014, 07:12 AM

TAB Bank announced it has provided a $4 million flex asset-based credit facility for a transportation company located in North Carolina.  Established in 2008, the company is a flatbed hauler that hauls mainly steel, construction materials, and large... Read Story

December 02, 2014, 07:33 AM

Tetra Capital, a factoring company specializing in the transportation industry, announced the firm recently provided factoring facilities for six new transportation companies. The factoring facilities included: $200,000 to a Texas based... Read Story

November 07, 2014, 07:02 AM

TAB Bank announced it has provided a $2.8 million revolving credit facility for a transportation company located in the Midwest. The company is a full-service, asset-based logistics provider.  The company provides service in all of the lower 48... Read Story

September 11, 2014, 07:13 AM

PTA Holdings, Inc. announced it closed a senior secured revolving credit facility of up to $5 million with TCA Global Credit Master Fund, LP ("TCA"). The credit facility with TCA will provide operating capital and funds for acquisitions.Leonard... Read Story

August 26, 2014, 07:26 AM

Amerisource announced that it closed and funded a $2 million revolving credit facility to a transportation company based in Michigan.  The company, which provides general over-the-road freight transportation, recently expanded its operations and... Read Story

June 11, 2014, 07:08 AM

Carl R. Bieber, Inc. ("Bieber"), a Kutztown, Pennsylvania-based transportation and motorcoach company, services customers throughout the United States, but primarily in central and eastern Pennsylvania, New York City and New Jersey. The company... Read Story

May 07, 2014, 07:43 AM

Veritas Financial Partners provided a $5.5 million credit facility collateralized by the borrower’s account receivables and M&E. The line of credit was utilized to refinance existing indebtedness and for general ongoing working capital needs. The... Read Story

May 05, 2014, 07:42 AM

BBVA Compass announced the formation of a new Transportation Banking group. The specialty group will provide loans, revolving credit, equipment and acquisition financing and other financial products and services to trucking, rail, shipping... Read Story

April 23, 2014, 07:24 AM

Together with the effort of the Azadian Group, Gerber Finance Inc. funded a $3 million line of credit funding to System Freight, Inc. System Freight, Inc. (“SFI”), founded in 1975 by late James LaMarca is a specialized truckload carrier that... Read Story

April 11, 2014, 07:29 AM

Dealers of recreational vehicles (RVs) are increasing their inventory levels this year in anticipation of a strong selling season, according to GE Capital’s Commercial Distribution Finance (CDF) business, a leading provider of financing to the... Read Story

March 19, 2014, 07:21 AM

East Coast Resources, LLC, a highly successful firm in the business of hauling and recycling, has concluded a major job and is liquidating all the trucks, trailers and construction equipment that had been dedicated to this project. These valuable... Read Story

March 12, 2014, 07:06 AM

Mini buses, limo buses and coaches are expected to be in high demand by specialty vehicle buyers in 2014, according to a new survey by GE Capital, Commercial Distribution Finance (CDF). CDF is a major provider of financing for manufacturers and... Read Story

March 07, 2014, 07:19 AM

PNC Bank, N.A., a member of The PNC Financial Services Group, announced the closing of a $50 million asset-based loan for United Road Services, a portfolio company of Charlesbank Capital Partners, LLC. The transaction also includes treasury... Read Story

February 18, 2014, 08:03 AM

A transportation company located in the Midwest has chosen TAB Bank for a $1.5 million revolving credit facility.  The company is a long haul transportation company that focuses on temperature-controlled and dry van transportation.  The new facility... Read Story

February 10, 2014, 07:32 AM

Amerisource announced the closing and funding of a $5 million revolving credit facility for a transportation and logistics company headquartered in California.  This growing company has experienced tremendous growth with a Fortune 100 customer base... Read Story

January 21, 2014, 07:17 AM

Bibby Financial Services announced today that it has funded a $500,000 facility for a Montreal-based transportation company.For more than 15 years, the business has offered dedicated, general and refrigerated transport for a variety of commercial... Read Story

January 16, 2014, 07:28 AM

Access Capital has provided a line of $2.5 Million to an international transportation services company based in New Jersey with additional locations in Hong Kong and  California as well as affiliates in Shanghai and Macau, China. The new borrower... Read Story

October 08, 2013, 07:07 AM

Bibby Financial Services announced that it has funded a Montreal-based transportation company. The business, run by an experienced transportation owner-operator, is seeking to secure financial start-up support in Montreal, a growing region for Bibby... Read Story

September 26, 2013, 07:26 AM

Concord Financial Advisors announced it served as intermediary on the following transaction:A transportation and logistics company that provides over the road transportation, logistics, freight management and warehousing solutions to a variety of... Read Story

August 30, 2013, 07:34 AM

Interide Transport LC of Salt Lake City, UT has chosen TAB Bank for a $1.5 million revolving credit facility.  The new facility is based on accounts receivable and has been extended through a multi-year agreement.Founded in 2010, Interide Transport... Read Story

July 25, 2013, 07:49 AM