Monroe Capital, on behalf of its investment funds, has established a partnership with Source One Financial Services, LLC (“Source One”) to originate and purchase consumer recreational vehicle (“RV”) and marine loans. The initial pool is expected to...
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May 20, 2025, 08:03 AM
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Wingspire Equipment Finance closed on a $350 million credit facility to expand its financing capabilities for middle market and sponsor-backed companies. The new warehouse line was provided to a wholly-owned subsidiary of Wingspire Equipment Finance...
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May 01, 2025, 07:58 AM
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Legacy Corporate Lending announced the successful oversubscribed upsize of its asset-based lending (ABL) facility, from $125 million to $255 million, agented by Wells Fargo Capital Finance. This increased capacity, which is backed by a syndicate of...
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April 29, 2025, 08:10 AM
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Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, announced the upsize of its leverage facility with KeyBank, one of the nation's largest bank-based financial services institutions. The leverage...
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April 23, 2025, 08:15 AM
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Canal Road Group (CRG) has secured a new $250 million credit facility agented by Sumitomo Mitsui Banking Corporation (SMBC). The facility will be used to employ back leverage on CRG's private credit portfolio and complements a similar $250 million...
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April 04, 2025, 07:35 AM
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Targeted Lending Co., a leader in the equipment finance industry, expanded its senior credit facility with Wells Fargo Capital Finance to $75 million."This increase, along with our strong capital structure, reflects Targeted Lending's financial...
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April 02, 2025, 08:07 AM
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nFusion Capital Finance closed an increase to its credit facility agented by Synovus Bank, through its Specialty Finance division. This raises the commitment to $125 million, with $20 million structured as an accordion, and with TAB Bank and Zions...
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April 02, 2025, 08:05 AM
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TAB Bank closed a $13 million lender finance facility for Capital Foundry, a Pittsburgh-based specialty finance lender that provides a variety of debt and credit products as well as business consulting services to small businesses and middle-market...
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March 28, 2025, 08:15 AM
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B. Riley Financial entered into a new $160 million senior secured debt facility provided by funds managed by Oaktree Capital Management.B. Riley used approximately $118 million to retire the outstanding debt under its Nomura Senior Secured Credit...
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February 28, 2025, 08:05 AM
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Cambridge Savings Bank (“CSB”), a full-service mutual bank with a customer-first approach and $7 billion in assets, announced that its Asset-Based Lending (“ABL”) team has provided a $20MM revolving line of credit to Arctaris Impact Investors, LLC...
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February 13, 2025, 08:07 AM
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Eclipse Business Capital announced the successful upsizing of its primary asset-based lending (ABL) facility to $1.895 Billion. The upsize, agented by Wells Fargo and backed by a syndicate of premier banks, aligns with the firm’s outlook for growth...
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February 10, 2025, 07:58 AM
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XS Financial, an established equipment finance company serving middle-market storied credits, amended and upsized its current $70 million line of credit with Needham Bank to $100 million, with First Citizens Bank participating for $20 million. XS...
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February 04, 2025, 08:10 AM
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Trinity Capital announced the commitment of $25 million in growth capital to Wisetack, a leading pay-over-time platform for home services.Wisetack provides consumer financing for home services such as HVAC, plumbing, and pest control, allowing...
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January 30, 2025, 08:12 AM
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TAB Bank announced the addition of Steel Capital Management, a New York City-based finance company specializing in e-commerce solutions, to its portfolio of Lender Finance clients. TAB Bank has extended a $12 million credit facility to support Steel...
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January 30, 2025, 08:00 AM
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The RMR Group entered into a new $100 million senior secured revolving credit facility. The initial maturity date of the new credit facility is January 22, 2028, and it includes a one-year extension at RMR’s option, subject to payment of extension...
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January 28, 2025, 08:17 AM
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Altriarch Asset Management announced the successful closing of a $12.5 million senior secured revolving facility for RLTYco, Inc. (“RLTY”). The two year loan, which has an option to extend an additional year, will give RLTY the ability to expand its...
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January 17, 2025, 07:21 AM
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Ares Management Corporation announced that Kevin Alexander, Partner in Ares’ Alternative Credit strategy, has been promoted to Co-Head of Alternative Credit alongside current Co-Heads Keith Ashton and Joel Holsinger, effective immediately.Alexander...
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January 13, 2025, 08:15 AM
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Siena Lending Group announced an increase and extension to its senior credit facility with Wells Fargo Capital Finance to $850 million. The amendment also includes an accordion of $100 million. Siena is a leading independent asset-based lending...
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January 07, 2025, 08:10 AM
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Consumer Portfolio Services announced that on December 16, 2024, it amended its two-year revolving credit agreement with Citibank to increase the capacity of the facility. The amendment also applies to the subordinate third party lender, which was...
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December 23, 2024, 08:41 AM
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Trinity Capital, a provider of diversified financial solutions to growth-oriented companies, announced an increase to $600 million of total commitments under its credit facility led by KeyBank.The credit facility was expanded under the existing...
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December 11, 2024, 08:15 AM
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Fora Financial, a provider of flexible financing to small- and medium-sized businesses (SMB) nationwide, closed a two-year, $200 million revolving credit facility. ATLAS SP Partners (“ATLAS”), the warehouse finance and securitized products business...
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December 11, 2024, 07:53 AM
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Midwest Business Capital closed a $30MM revolving line of credit led by Texas Capital. Based in Lisle, Illinois, Midwest Business Capital is a newly formed specialty finance company led by Tim Bellcourt that finances diversified businesses with...
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December 09, 2024, 08:09 AM
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Cambridge Wilkinson ("CW") closed a $215 million senior lender finance credit facility to a lender who specializes in providing secured HELOC mortgages to residential real estate customers. The company's origination platform is outgrowing its...
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November 18, 2024, 07:00 AM
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eCapital announced the successful upsizing of its subsidiaries’ asset-based lending (ABL) facility, which expanded from $815 million to $987 million. This upsizes, agented by Wells Fargo and backed by a syndicate of premier banks, aligns with...
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November 06, 2024, 08:06 AM
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Oportun, a mission-driven financial services company, announced another important step in its plans to optimize the Company’s capital structure and drive improved profitability. Following an extensive review of a range of alternatives led by the...
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October 31, 2024, 08:00 AM
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eCapital closed a $100 million increase to its existing secured junior capital facility with Ares Management Credit funds, bringing the total facility size to more than $330 million.
This latest increase supports eCapital’s continued growth and...
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October 31, 2024, 07:47 AM
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National Funding and its recently launched holding company FairSquare, announced a bank line of credit commitment for $83.25 million from Forbright Bank (with a total expansion capacity of up to $150 million). The Forbright Bank credit facility...
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October 24, 2024, 07:50 AM
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YouLend, a global embedded financing platform secured a new financing facility with funds managed by Castlelake, a global alternative investment firm that specializes in asset-based private credit. The new facility broadens YouLend's investor base in...
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October 23, 2024, 07:48 AM
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Dext Capital commenced a $200 million revolving credit facility with Deutsche Bank. The additional bank line increases Dext’s facility capacity to $750 million.“We’re excited to welcome Deutsche Bank as our newest financing partner. We look forward...
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October 21, 2024, 08:10 AM
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Altriarch Asset Management provided a $40 million senior secured revolving line of credit to LeasePoint Funding Group, LLC. The Company, based in Austin, Texas, is a rapidly growing equipment financing company that provides working capital to...
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October 17, 2024, 09:04 AM
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Oportun, a mission-driven financial services company, closed an amendment and extension to its long-term warehouse facility. Features of this facility include:
$306 million total commitment
Goldman Sachs as senior lender – and Jefferies, as...
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September 24, 2024, 07:00 AM
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Trinity Capital, a leading provider of diversified financial solutions to growth-stage companies, announced an increase to $510 million of total commitments under its credit facility led by KeyBank.The credit facility was expanded under the existing...
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September 20, 2024, 08:00 AM
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Logan Ridge Finance Corporation amended and extended its existing senior secured revolving credit facility with KeyBank.Under the terms of the amendment, the applicable margin during the reinvestment period was reduced from 2.90% per annum to 2.80%...
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August 22, 2024, 07:26 AM
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United Leasing & Finance successfully closed a $125 million revolving credit facility and a $300 million warehouse facility. These strategic facilities will significantly enhance the company's capacity to support the equipment needs of its growing...
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August 21, 2024, 07:00 AM
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nFusion Capital Finance, a leading commercial finance company for entrepreneurs, has increased its junior capital credit facility to $17.5 million with Haversine Funding. Last month, nFusion announced that it had increased its senior secured credit...
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August 16, 2024, 08:00 AM
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Trinity Capital amended its credit facility led by KeyBank. The amendment expands the original credit facility from $350 million to $440 million in commitments and includes an accordion feature, pursuant to which the Company may increase the size of...
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August 06, 2024, 07:40 AM
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Bastion Management agented a senior debt investment of $20 million with accordions up to $60 million in Vernance LLC to fund future growth of their consumer lease-to-own ("LTO") portfolio.Vernance provides financing solutions for a wide range of...
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July 25, 2024, 07:47 AM
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After executing over $100 million of commitments over the last six months, TPG Angelo Gordon, a diversified credit and real estate investing platform within TPG, announced that it is serving as the exclusive financing partner of Andover Storage...
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July 19, 2024, 07:39 AM
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BHI, the U.S division of Bank Hapoalim entered into an agreement with Lendbuzz—an AI-based fintech company that helps consumers obtain better access to credit when purchasing a vehicle—to upsize the existing $20 million facility announced in March...
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July 16, 2024, 08:03 AM
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Consumer Portfolio Services announced that on July 11, 2024, it renewed its two-year revolving credit agreement with Citibank.Loans under the renewed credit agreement will be secured by automobile receivables that CPS now holds or will purchase from...
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July 12, 2024, 07:10 AM
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IDB Bank provided a working capital facility to Franklin Capital to benefit the firm’s operating cash flow amid strategic expansion. Serving as the Sole Lender, the deal signals the Bank’s continued lending activity through its national Asset-Based...
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July 11, 2024, 08:00 AM
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Lafayette Square USA, a business development company, entered into a new hybrid credit facility with ING Capital. The facility will be secured by a combination of Lafayette Square’s portfolio and the unused capital commitments of its investors and...
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June 26, 2024, 07:57 AM
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White Oak Commercial Finance closed a new $1.1 billion credit facility agented by Wells Fargo Bank, and including 11 other banks, increasing the capital that can be invested in asset-based lending (ABL). Additionally, WOCF and White Oak ABL announced...
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June 14, 2024, 08:00 AM
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Pipe, a modern capital platform for fast, frictionless, dilution-free funding, closed a $100 million credit facility from Victory Park Capital (“VPC”). The facility, which has the potential to upsize up to $200 million in the future, will support...
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June 11, 2024, 07:53 AM
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CFG Merchant Solutions announced the successful completion of a $100.0 million senior credit facility. The credit facility is expandable up to an additional $45.0 million, representing a total capital raise of up to $145.0 million. Proceeds from the...
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May 29, 2024, 08:04 AM
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Bastion Management agented a senior debt investment of $150 million, with an accordion up to $225 million, in Sezzle Inc. to refinance the previous $100 million facility established in October 2022 with Bastion and affiliates. The new facility will...
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May 20, 2024, 07:48 AM
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Solifi announced the launch of ESG Portfolio Strategist, as the latest innovative application in its product suite. Enabling automotive finance businesses to operationalise ESG strategy within their existing leasing workflow, ESG Portfolio Strategist...
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May 16, 2024, 07:45 AM
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Garrington Capital closed a working capital revolver of up to $20 million to a California-based vehicle finance company. The proceeds of the facility will be used to refinance existing debt and to provide capital to grow the business.
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May 15, 2024, 07:41 AM
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Credibly announced the close of its third securitization totaling $75 million in additional funding capacity. This milestone marks a significant achievement for the Company, with KBRA assigning a “AA” credit rating to the senior notes. The issuance...
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April 26, 2024, 07:30 AM
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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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April 24, 2024, 08:02 AM
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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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April 18, 2024, 08:00 AM
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Silicon Valley Bank (SVB), a division of First Citizens Bank, along with lending partner Trinity Capital, provided a $125 million warehouse facility to fintech infrastructure startup, Parafin. Recently named to the 2024 Fintech Innovation 50, Parafin...
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April 10, 2024, 07:00 AM
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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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April 04, 2024, 06:40 AM
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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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April 02, 2024, 07:47 AM
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HarbourView Equity Partners (HarbourView) has secured approximately $500 million in debt financing through a private securitization backed by its diversified catalog of music royalties. Insurance vehicles and accounts managed by KKR, a leading global...
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March 14, 2024, 07:52 AM
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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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March 06, 2024, 07:50 AM
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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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Haversine Funding, a leader in providing comprehensive financial solutions to the specialty finance market - from participation funding to lender finance senior and junior lines of credit - announced a series of successful participations. These...
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February 27, 2024, 07:52 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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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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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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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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SellersFi, a global, cutting-edge financial technology startup, closed a new US credit facility with Citi and independent asset manager Fasanara Capital for $135 million with the potential to grow up to $300 million as SellersFi expands. The senior...
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December 18, 2023, 07:49 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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Crown Partners arranged a new credit facility for Fundfi Merchant Funding, providing committed capital for the company to fund the growth of its portfolio. Crown Partners served as the exclusive financial advisor to Fundfi.Headquartered in New York...
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December 06, 2023, 07:40 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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Castlelake, a global alternative investment firm specializing in asset-based opportunities and Oportun, a mission-driven fintech, announced the entry into a new agreement whereby certain of Castlelake funds and affiliates, will provide a $200 million...
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October 23, 2023, 08:30 AM
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Momnt, a leading fintech company specializing in real-time lending and payment solutions for businesses, and Saluda Grade, a synergistic and vertically integrated investment platform investing in emerging asset classes within the U.S. real estate...
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October 23, 2023, 08:09 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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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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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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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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Lighter Capital closed two funding facilities: $100 million in the U.S. and Canada provided by Atlas, a division of Apollo Global Management and i80, and $30 million Australia provided by the Victorian Government and iPartners. Lighter Capital will...
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August 31, 2023, 07:42 AM
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Capital Bank, a commercial bank in the DC Metro Region, announced the creation of its new Lender Finance Group. This addition is an opportunity to provide enhanced term loan and credit facilities opportunities across a variety of sectors and asset...
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August 30, 2023, 08:00 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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OneBlinc, a leading fintech company specialized in providing payroll loans for Federal employees, secured a new $100 million credit facility with Clear Haven. This significant financial milestone aims to fuel future portfolio growth and refinance...
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August 17, 2023, 07:00 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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Global fintech company SumUp entered into a US$100 million credit facility with Victory Park Capital (“VPC”). The credit facility will enable SumUp to provide advance payments to merchants based in the UK in the immediate term and in other European...
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August 10, 2023, 07:56 AM
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Credibly, the data science-driven fintech lending platform that champions small and medium-sized businesses (SMBs), announced a management-led buyback of all the outstanding equity investment previously held by a prominent private equity firm. This...
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August 08, 2023, 07:07 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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OppFi Inc., a mission-driven fintech platform that helps everyday Americans gain access to credit with digital specialty finance products, increased its existing revolving credit facility with affiliates of Atalaya Capital Management (“Atalaya”) to...
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July 25, 2023, 07:39 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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June 30, 2023, 08:02 AM
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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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June 28, 2023, 07:45 AM
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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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June 28, 2023, 07:21 AM
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Ares Management Corporation announced that certain funds managed by its Alternative Credit strategy have completed the acquisition of a $3.5 billion specialty finance loan portfolio from PacWest Bancorp.The Portfolio consists of high quality, senior...
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June 26, 2023, 08:30 AM
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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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June 23, 2023, 07:53 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 $450 million of capital and includes the recent additions of new lending partners First Citizens Bank, Regions Bank...
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June 14, 2023, 07:55 AM
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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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June 13, 2023, 07:50 AM
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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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May 17, 2023, 07:30 AM
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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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May 16, 2023, 07:48 AM
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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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May 10, 2023, 08:02 AM
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Alterna Capital Solutions (ACS), a specialty and alternative financing lender to small businesses experiencing growth, added Bank of America to its Senior Lending syndicate that includes Truist Financial and is led by Wells Fargo Capital Finance. The...
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May 10, 2023, 07:57 AM
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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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May 05, 2023, 07:58 AM
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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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April 25, 2023, 07:35 AM
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Bloomberg reported PacWest Bancorp is exploring a sale of its lender finance arm, according to people familiar with the matter. The California-based bank is working with a financial adviser to solicit interest in the business, said the people, who...
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April 24, 2023, 07:50 AM
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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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April 19, 2023, 07:51 AM
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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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April 18, 2023, 07:45 AM
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Gibraltar Business Capital (“GBC”) secured an increased line of credit with Bank of America, building upon the partnership first announced in May 2021. While Bank of America remains the lead agent in the expanded senior line of credit financing...
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March 10, 2023, 07:54 AM
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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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March 03, 2023, 07:45 AM
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Marco — the first tech-enabled trade financing platform built for small and medium-sized businesses in Latin America and the United States — announced it has received a $200 million credit facility from leading middle market lender MidCap Financial...
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February 28, 2023, 07:40 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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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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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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eCapital increased its syndicated bank facility supporting its eCapital Asset Based Lending (ABL) division, including eCapital Healthcare. Wells Fargo Bank acted as the administrative agent for the lenders and, along with Regions Bank, were the joint...
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December 22, 2022, 07:29 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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TimePayment closed a new $375 million revolving credit facility, including a $50 million accordion. The facility replaces its previous, primary facility that was set to mature at year end. BMO Harris Bank serves as the Lead Agent for a bank syndicate...
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August 31, 2022, 07:35 AM
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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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July 19, 2022, 07:35 AM
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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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July 15, 2022, 08:00 AM
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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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May 19, 2022, 07:20 AM
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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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March 23, 2022, 08:03 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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Nuula, a fintech company focused on small businesses, announced $120 million in new funding. The total is made up of $20 million in equity funding led by Edison Partners that will accelerate the brand's launch and drive adoption of the Nuula mobile...
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September 09, 2021, 07:30 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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Wingspire Capital provided a $50 million senior secured revolving line of credit to SG Credit Partners to support their growth trajectory. SG Credit’s broad credit lending platform, focused on serving lower middle market entrepreneurs, is unique with...
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June 29, 2021, 08:24 AM
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People's United Bank, N.A. a subsidiary of People's United Financial, Inc., has expanded its Commercial Specialty Business with the formation of a dedicated Lender Finance team. The team will be led by Patrick Lee, Managing Director, Head of Lender...
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September 19, 2019, 09:00 AM
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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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March 25, 2019, 09:15 AM
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Oaktree Specialty Lending Corporation announced that it has upsized and extended its senior secured revolving credit facility. Total commitments to the amended facility increased from $600 million to $680 million and the final maturity was extended...
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February 27, 2019, 09:00 AM
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Crystal Financial closed an $80 million senior credit facility with SMART Financial, a holding company for operating subsidiaries with over 60 pawn shop locations across eight states in the United States and three provinces in Canada. SMART was...
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February 26, 2019, 07:24 AM
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OnDeck announced the closing of an $85 million corporate revolving credit facility with a lender group consisting of four banks. The new committed facility can be used for general corporate purposes and replaces OnDeck's prior $30 million corporate...
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February 07, 2019, 07:20 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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Liberty Lending, LLC, a well-established consumer lending business, announced it has closed over $200 million to finance loans, totaling over $500 million of lending capital secured by the Company in 2018. The new financing facility, provided by...
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December 04, 2018, 07:03 AM
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Flat Rock Capital Corp. announced that it has entered into a $20 million financing facility with AloStar Capital Finance, a division of State Bank and Trust Company.
“We are excited to complete another milestone transaction in the growth of Flat...
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October 22, 2018, 07:10 AM
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ING Capital LLC announced that it has closed a $25 million credit facility with Petros PACE Finance, a Commercial Property Assessed Clean Energy (C-PACE) lender in the U.S. The facility has a unique structure which enables Petros to aggregate assets...
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October 12, 2018, 07:14 AM
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American Finance Trust, Inc., a real estate investment trust focused on acquiring and managing a diversified portfolio of primarily service-oriented and traditional retail and distribution related commercial real estate properties in the U.S....
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October 08, 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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CIT Group Inc. announced that it has named Chris Ralston as a director in the Lender Finance business within CIT’s Business Capital division.In his new role, Ralston will be responsible for analyzing portfolio opportunities and engaging with...
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September 21, 2018, 07:34 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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Encina Equipment Finance and CrowdOut Capital LLC provided debt financing to Shale Support, a provider of frac sand and logistical solutions to the oil and gas proppant market, CrowdOut announced.CrowdOut, a private lending syndication platform that...
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August 31, 2018, 07:00 AM
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Axiom Bank, N.A., a community bank headquartered in Central Florida, recently acquired Dallas-based Allied Affiliated Funding, L.P. This acquisition adds a lender finance line of business, scalable factoring and an asset-based lending platform to...
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August 24, 2018, 08:01 AM
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FS Energy and Power Fund (FSEP) announced it has raised over $1 billion of debt financing that simplifies its capital structure, diversifies its funding sources, enhances its matching of asset and liability duration, and ultimately allows for greater...
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August 20, 2018, 07:04 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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Midcap Business Credit LLC, a commercial finance company headquartered in West Hartford, CT, announced the upsizing of its revolving asset based lending facility to $100 million with Wells Fargo Capital Finance, a division of Wells Fargo &...
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July 30, 2018, 07:30 AM
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Stenn International Ltd., a provider of trade financing solutions across global markets, announced the closing of a senior financing facility with Natixis S.A. (Natixis). With a targeted size of up to $500 million, the facility will provide...
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July 26, 2018, 07:12 AM
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Golub Capital BDC, Inc., a business development company, announced the closing of a new $300 million credit facility with Morgan Stanley Bank, N.A., as lender. The Credit Facility has a revolving availability period that extends through January 21...
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July 24, 2018, 07:14 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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July 17, 2018, 07:09 AM
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SWK Holdings Corporation, a life science focused specialty finance company, announced that it has closed a $20 million revolving credit facility with AloStar Capital Finance, a division of State Bank & Trust.SWK intends to use the credit facility to...
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July 05, 2018, 07:12 AM
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Braviant Holdings, a provider of tech-enabled credit solutions for underserved Americans, has entered into a $50 million senior secured credit facility with institutional investment firm Keystone National Group. The Keystone debt facility allows...
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June 15, 2018, 07:13 AM
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AloStar Capital Finance recently provided a $20 million committed credit facility to McGinty Road Partners (MRP), an opportunistic, absolute value-focused, credit-centric manager.“As our firm matures and our portfolio of clients grows, this...
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June 15, 2018, 07:09 AM
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AloStar Capital Finance successfully agented and closed a $50 million committed credit facility for KCAP, a publicly traded Business Development Company (BDC).“Thanks to AloStar, we will be able to expand our portfolio and grow investment...
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June 07, 2018, 07:08 AM
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Hercules Capital, Inc., a specialty financing provider to innovative venture growth stage companies backed by leading venture capital firms, announced that effective May 25, 2018, it has increased its credit facility with MUFG Union Bank, N.A., under...
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June 04, 2018, 08:00 AM
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Fundation, a leading digitally-enabled lender and credit solutions provider, announced that it has secured a $120 million asset backed credit facility from SunTrust Bank. Waterfall Asset Management was included in the facility as a Class B lender....
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May 16, 2018, 08:00 AM
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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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May 15, 2018, 07:12 AM
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Comvest Credit Partners acted as Administrative Agent and Lender for a $125.0 million senior secured credit facility to Acima Credit, LLC. Acima provides creative alternatives to retail customers that cannot secure traditional financing through a...
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May 03, 2018, 07:19 AM
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Horizon Technology Finance Corporation, a specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services, and cleantech industries...
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April 11, 2018, 07:09 AM
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Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, announced the close of a leverage facility with Wells Fargo Capital Finance, part of Wells Fargo & Company.
The new capital will enable Great Rock...
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April 04, 2018, 07:31 AM
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Crystal Financial LLC announced the closing of a $25.0 million Senior Credit Facility for Standard Diversified Opportunities Inc. (SDOI).
SDOI is a publicly-traded holding company, which invests directly in middle-market operating businesses. To...
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March 08, 2018, 07:16 AM
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Capital One announced today that it has closed a two-year, $60 million senior secured revolving credit facility for Harvest Small Business Finance, LLC (Harvest). Owned in part by a fund managed by Candlewood Investment Group, LP (CIG), Harvest is a...
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January 17, 2018, 07:07 AM
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Crystal Financial LLC announced the completion of a $45.0 million Senior Credit Facility for CARite Holdings, LLC (CARit”). Headquartered in Madison Heights, MI, the company sells and leases previously owned vehicles through their network of owned...
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January 11, 2018, 07:09 AM
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LendingUSA, a point-of-need financing company, has announced that it has secured a $60 million credit facility from CapitalSource, a division of Pacific Western Bank, and a provider of commercial lending and banking solutions. The funding allows...
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December 12, 2017, 07:44 AM
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Acasta Enterprises Inc. announced that a subsidiary of Stellwagen Group Limited has entered into a revolving credit and security agreement with Morgan Stanley Asset Funding Inc. in the principal amount of up to $250 million. The Credit Agreement is...
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December 07, 2017, 07:24 AM
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Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a $43.5 senior credit facility to support the acquisition of Purshe Kaplan Sterling, Inc. (PKS) by Oak Spring Holdings and Wentworth Management...
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December 06, 2017, 07:50 AM
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Oaktree Specialty Lending Corporation, a specialty finance company, today announced that it has entered into a new secured revolving credit facility. The Facility’s total capacity is $600 million, the revolving period expires in November 2020, and...
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December 01, 2017, 07:38 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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Kabbage Inc., a global financial services, technology and data platform serving small businesses, announced a new $200 million asset-backed revolving credit facility with Credit Suisse.The new facility diversifies Kabbage’s funding sources, enables...
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November 17, 2017, 07:16 AM
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Braviant Holdings, a fintech startup that offers analytics and technology-driven credit solutions for underserved Americans, has entered into a $40 million Senior Secured Credit Facility with Redpoint Capital Group for its wholly-owned subsidiary...
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October 30, 2017, 07:08 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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Jersey City Funding LLC, a wholly-owned subsidiary of Strategic Credit Opportunities Partners, LLC (SCJV), entered into a credit agreement with Goldman Sachs Bank USA. SCJV, a joint venture between Corporate Capital Trust and Conway Capital, LLC, an...
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October 06, 2017, 07:03 AM
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Commercial lender FGI Worldwide announced the completion of a full recapitalization of the company. The recapitalization includes the infusion of $140 million in new capital, including new equity investors and an expanded board of directors. “This...
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September 08, 2017, 07:22 AM
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Wells Fargo Capital Finance, part of Wells Fargo & Company, announced that its Lender Finance division was administrative agent and lead arranger of a senior revolver to fund CIT Northbridge Credit LLC.
CIT Northbridge will provide revolving and...
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September 06, 2017, 07:32 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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Fora Financial, a leading provider of working capital to small businesses, announced that the company and its senior secured lenders have reached an agreement to increase the aggregate commitments under its revolving credit facility to $66.5 million...
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July 11, 2017, 07:21 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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June 21, 2017, 07:17 AM
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AloStar provided additional senior capital to FLOCK Specialty Finance as part of a major upgrade to its Senior Revolving Credit facility agented by The Private Bank. FLOCK is an Atlanta-based provider of capital to buyers of non-performing debt and...
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June 20, 2017, 07:17 AM
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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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June 15, 2017, 07:04 AM
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Foundation Finance Company LLC, a provider of home improvement financing to contractors nationwide, announced that it has obtained a $200 million asset-backed credit facility from Goldman Sachs Group Inc. Foundation Finance will use this credit...
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May 02, 2017, 07:05 AM
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Engs Commercial Finance Co. announced that it has added PNC Bank and its $75 million commitment to its $455 million ABL credit facility.
PNC will assume the roles of Syndication Agent and Joint Lead Arranger on the transaction. The ABL facility is...
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April 18, 2017, 07:04 AM
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Gibraltar Business Capital (GBC), a commercial finance company focused exclusively on the factoring and small asset-based marketplace, and Gibraltar Capital Advance (GCA), a provider of flexible, fast-capital advances on future sales, announced that...
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April 05, 2017, 07:41 AM
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Snap Capital LLC, a source of alternative funding to small business, announced that it has secured a significant revolving-to-term credit facility with Old Hill Partners. The proceeds will be used by Snap Capital to increase its ability to service...
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February 22, 2017, 07:08 AM
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Cloud Lending Solutions announced that it had closed its latest financing round led by Cota Capital, with all existing investors participating. The proceeds will be used to continue its global expansion and to further develop its industry-leading...
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February 21, 2017, 07:33 AM
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Mosaic Capital Corporation announced that it has executed a new credit agreement with ATB Corporate Financial Services which provides for a $35 million credit facility to Mosaic. It replaces Mosaic's $25 million facility with ATB that has been in...
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January 26, 2017, 07:00 AM
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Stonebriar Commercial Finance (SCF) announced that Jason Farr and Jeff McCoy have joined the company as Vice Presidents of Credit reporting directly to Jeff Wilkison, Senior Vice President and Chief Credit Officer. Both Jason and Jeff will be...
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June 20, 2016, 08:02 AM
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A new study by the Equipment Leasing & Finance Foundation reveals that the lender finance marketplace in the U.S. is “thriving” eight years after the 2008 financial crisis began, led by an “interesting mix” of traditional banks and newer...
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March 22, 2016, 07:32 AM
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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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May 19, 2015, 07:39 AM
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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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June 06, 2014, 07:46 AM
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Pine Brook, a New York-based investment firm focused on building businesses in the financial services and energy sectors, today announced the final closing of its second fund, Pine Brook Capital Partners II, L.P. (“Fund II”). With total capital...
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February 18, 2014, 07:06 AM
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BofI Federal Bank, a subsidiary of BofI Holding, Inc., announced the expansion of its Commercial and Industrial Lending, Lender Finance Division (C&I) under the leadership of Patrick Walsh and Salvatore Salzillo.BofI Federal Bank's C&I lending...
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November 13, 2013, 07:04 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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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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AloStar Business Credit has announced the launch of its Lender Finance Division, and named Wells Fargo and GE Commercial Finance veteran Luke Graham managing director. Graham will spearhead a team of AloStar professionals – John David Gettmann...
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July 18, 2013, 08:06 AM
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Kabbage, Inc., an online provider of small businesses financing, has closed a $75 million credit facility, its largest financing transaction to date. Victory Park Capital (VPC) led the debt financing, while existing equity investor Thomvest Ventures...
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April 03, 2013, 07:16 AM
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United Capital Funding, a provider of professional Accounts Receivable based funding and credit management solutions, finalized a renewal of its current financing facility with Memphis, TN-based First Tennessee Bank, a subsidiary of First Horizon...
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February 25, 2013, 08:11 AM
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