Legacy Corporate Lending provided a $31 million asset-based credit facility to Shapiro Metals Company, a family-owned, third-generation metals, aluminum scrap processor and aluminum ingot producer.Shapiro selected Legacy to refinance its existing credit facility to create additional liquidity from a borrowing base supported by accounts receivable, inventory, machinery and equipment, and real estate. The transaction closed in the third quarter of 2025.Founded over 120 years ago, Shapiro operates
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November 19, 2025 @ 08:15 AM
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Renasant Business Credit announced four recent fundings, totaling over $44 million. These new asset-based lines of credit and term loans include an $6.25 million term and working capital facility for a machining and supplier of precision machined components, a $8 million line of credit for a processor and distributor of frozen seafood, a $25 million line of credit to a provider of private lending services on investment real estate, and facility increase from $15 million to $20 million for a fuel
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November 19, 2025 @ 08:06 AM
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Silicon Valley Bank (SVB), a division of First Citizens Bank, announced that 28-year company veteran, Megan Scheffel, has been named Head of Life Science and Healthcare Banking. In her role, Scheffel will lead a nationwide team dedicated to providing specialized banking services, debt financing solutions, industry partnerships, and leading market insights to companies and investors across the sector. Based in Washington D.C, she will report to Marc Cadieux, President of Silicon Valley Bank."For
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November 19, 2025 @ 08:05 AM
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SLR Business Credit (“SLRBC”) funded a new $5 million factoring facility for a fast-growing food packaging company based in California.The Company was seeking to increase sales through greater marketing efforts for current and new, innovative products, such as biodegradable packaging. Additionally, this financing supports the recent increase in demand for its products. In order to meet the increased product demand in a timely manner, SLRBC efficiently collaborated with the Company to provide a
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November 19, 2025 @ 08:03 AM
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Fortress Investment Group announced that funds managed by its affiliates (“Fortress”) have provided a term loan as part of a $240 million senior secured credit facility to Overseas Adventure Travel. Fortress served as sole arranger on the credit facility, and as admin agent and sole lender on the $220 million term loan.The facility will support Overseas Adventure Travel’s ongoing growth as it seeks to offer its culturally immersive experiences across seven continents to more customers.Overseas
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November 19, 2025 @ 08:02 AM
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Cardiff, a leading tech-enabled provider of financing for small and mid-sized businesses, announced the successful closing of a senior revolving credit facility with a prominent U.S. based bank. Proceeds from the institutional financing will be used to increase the Company’s funding capabilities and fuel balance-sheet growth.As demand for flexible financing options rises, Cardiff continues to play a leading role in meeting that need.“The close of this facility is an important milestone for
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November 19, 2025 @ 08:00 AM
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Moment Energy, one of North America's leading EV battery repurposing companies, secured $5 million in growth financing from TD Innovation Partners (TDIP), the innovation banking division of The Toronto-Dominion Bank.The funding underscores the growing institutional support for Canadian clean technology companies as they advance the global transition to clean, affordable, and reliable energy."Over the past two years, TD Innovation Partners has seen firsthand how the Moment Energy team is
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November 19, 2025 @ 07:59 AM
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Lugano Diamonds & Jewelry, a designer, manufacturer, and retailer of high-end jewelry, announced that the Company and certain of its affiliates have voluntarily filed for chapter 11 relief in the United States Bankruptcy Court for the District of Delaware (the “Court”) to facilitate a value-maximizing sale transaction. Importantly, Lugano continues to operate in the ordinary course of business at this time and remains focused on continuing to provide exceptional service to its valued clients and
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November 19, 2025 @ 07:52 AM
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Finastra announced enhancements to its LaserPro document management solution, integrating with two leading Uniform Commercial Code (UCC) filing service providers, CSC Lien Perfect for Lenders and Wolters Kluwer’s iLien UCC platform. These integrations support more efficient and automated UCC filing workflows for banks and credit unions. “For banks and credit unions, speed is key to delivering on customer and member expectations,” said Cheryl Anderson, Senior Director of Product Management at
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November 19, 2025 @ 07:14 AM
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PlainsCapital Bank announced that Kirt DeHaan has joined The Private Bank at PlainsCapital as Senior Vice President, Wealth Management Market Manager for the Dallas Region. He will be based at the Hilltop Plaza location in Dallas.In his new role, DeHaan will guide The Private Bank’s wealth management efforts in Dallas. He will lead a team of professionals focused on delivering trust, investment, and estate planning services tailored to the unique needs of individuals, families, and institutions.
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November 19, 2025 @ 07:04 AM
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Briar Capital Real Estate Fund closed a new $3,800,000 real estate loan facility consisting of a $3,300,000 term loan and a $500,000 revolving line of credit. The facility is secured by the borrower’s corporate headquarters and warehouse in Maine, marking Briar Capital’s first closed transaction in the state.The borrower is a multi-generation, family-owned footwear company with a deep heritage in design, sourcing, and distribution. The opportunity was referred to Briar Capital by a national
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November 19, 2025 @ 07:00 AM
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Truist Financial Corporation announced the appointment of Chris Jackson as head of its newly established Institutional Capital Group, which will serve middle-market private equity sponsors and select family offices. The new team will increase Truist's coverage in the growing small- and mid-cap private equity market. Private equity and family office transactions with middle-market companies increased nearly 84 percent over the past decade, and the number of PE firms and family offices has surged1
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November 18, 2025 @ 08:15 AM
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MONTICELLOAM, a specialized seniors housing and multifamily bridge lending platform, announced the firm, along with firm affiliates, funded $470,500,000 in total bridge and working capital financing for a sixteen-facility skilled nursing portfolio. The sponsor group, a returning MONTICELLOAM client who owns and operates over 200 skilled nursing facilities across the country, used the $455,500,000 bridge financing to refinance existing debt on sixteen skilled nursing facilities across
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November 18, 2025 @ 08:10 AM
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Republic Business Credit announced a new partnership with Super7, a leading toy manufacturer of collectible action figures. Republic was referred by Livingstone Partners Debt Advisory Group under the leadership of its partner, Tom Lesch. This collaboration provides Super7 with a robust credit facility for excess availability to support their ambitious growth projections and strategic initiatives.Republic seamlessly refinanced Super7's existing balance sheet while transitioning the company to a
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November 18, 2025 @ 08:10 AM
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Drip Capital, a global digital trade finance and B2B e-commerce company, has secured a US$50 million committed credit facility from Toronto-Dominion Bank (TD Bank), with the potential to expand by an additional $25 million. This marks Drip Capital's first partnership with the bank and will support the fintech's growing Buyer Finance program in the U.S. and Canada.The facility enables Drip Capital to expand collateral-free working capital lines of up to US$5 million for small and mid-sized
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November 18, 2025 @ 08:06 AM
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