Wells Fargo promoted Adam Davis to Head of Asset-Based Lending (ABL) Originations for the Northeast region. In this newly created role, Adam will oversee all aspects of ABL activities, reinforcing Wells Fargo’s commitment to delivering flexible, scalable financing solutions to asset-rich companies.A 20-year veteran of the company, Davis has spent the last 12 years on the Retail Finance ABL originations team. His deep expertise in originations and portfolio management, combined with a proven
Read Story
October 01, 2025 @ 08:15 AM
|
SLR Business Credit closed a $7 million credit facility for a century-old manufacturer specializing in the durable goods sector. The company, which has a long-standing presence in the Midwest, sought SLR’s expertise to secure a more flexible credit solution to invigorate its operations and support its growth trajectory. Having faced challenges during the COVID-19 pandemic, the manufacturer is now strategically positioned for expansion. With the newly established Revolving Line of Credit (RLOC)
Read Story
October 01, 2025 @ 08:09 AM
|
First Business Bank added Robin Oertel as Senior Vice President – Asset-Based Lending to First Business Specialty Finance, LLC, a subsidiary of First Business Bank. Based in Minneapolis, Minnesota, Oertel brings nearly three decades of asset-based lending expertise to help businesses access working capital for growth, recapitalizations, mergers and acquisitions, and turnarounds. Throughout her career, she has originated middle market asset-based loans ranging from $5 million to $35 million
Read Story
October 01, 2025 @ 08:05 AM
|
Attain Finance, a consumer finance company, entered into a new $130 million, two-year senior revolving credit agreement, led by Citizens Bank. The agreement is part of a broader $150 million revolving credit facility, with the remaining $20 million junior portion expected to be completed at a later date.The new facility will reduce Attain’s cost of capital and provide more favorable credit terms, while also creating incremental capacity to support our 380 branches in the U.S. operating under the
Read Story
October 01, 2025 @ 08:00 AM
|
Aequum Capital closed an $8 million senior secured credit facility to support the acquisition of an established Ohio-based manufacturer. This transaction marks another milestone in Aequum's ongoing partnership with the sponsor, reflecting our continued commitment to providing strategic capital solutions across multiple engagements."This financing reflects our ability to tailor solutions for middle-market industrial companies and to move quickly when our partners need certainty of execution,"
Read Story
October 01, 2025 @ 07:54 AM
|
NewtekOne announced that its wholly owned subsidiary, Newtek Merchant Solutions, LLC (“NMS”), has refinanced its term debt facility and revolving line of credit. Private Credit at Goldman Sachs Alternatives is providing NMS with a $90 million term loan facility and a $5 million line of credit. A portion of the proceeds funded the full repayment of NMS’s approximately $30 million of outstanding term debt with another lender. In addition, a $10 million undrawn line of credit with that lender was
Read Story
October 01, 2025 @ 07:50 AM
|
Altriarch Asset Management closed a $15 million senior secured revolving credit facility, with the potential to expand up to $25 million, to support the continued growth of a market-leading transportation services company. The facility will refinance the Company’s existing line of credit and provide additional capital to onboard new clients, diversify its portfolio, and continue delivering innovative solutions and reliable funding to carriers and logistics providers nationwide. For more than a
Read Story
October 01, 2025 @ 07:44 AM
|
Advantage Business Capital added Mike Fussell to their growing team. Fussell will be focused on $1MM to $15MM asset-based loans in the southeast region, with main focuses in Florida, Georgia and the Carolinas.“We couldn’t be more thrilled to welcome Mike Fussell to the team. Mike is extremely experienced in all aspects of asset-based lending. We believe Mike will be a key part of Advantage’s growth for years to come,” said Wayne Coker, President/CEO, Advantage Business Capital.
Read Story
October 01, 2025 @ 07:41 AM
|
First Citizens Bank named two new Area Executives in South Carolina and Georgia. Justin Rice will oversee the South Carolina Lowcountry region, as well as Savannah, Ga., and JP Connell will be responsible for the Charleston, South Carolina region and surrounding area. Both will lead business, commercial and branch banking operations, serving clients and managing teams in their respective regions."The Southern coastal economy continues to grow across diversified industries, and more than ever
Read Story
October 01, 2025 @ 07:34 AM
|
Keystone National Group recently closed a $35,000,000 senior secured revolving credit facility for a small business finance company based in New York and Florida. The new credit facility will allow the company to grow its business of providing liquidity to small businesses across the United States.
Read Story
October 01, 2025 @ 07:00 AM
|
Natacha Gallou has been appointed Senior Regional Officer for Crédit Agricole CIB in the Americas. In this role, she will oversee all aspects of Crédit Agricole CIB’s activities in North and South America. The position is effective Oct. 1, 2025.As Senior Regional Officer, Gallou will be based in New York City and will report to Jean-François Balaÿ, Chief Executive Officer of Crédit Agricole CIB. Stéphane Ducroizet, who previously held the position, has been appointed Deputy Chief Executive
Read Story
September 30, 2025 @ 08:12 AM
|
First Brands Group, LLC, a leading global supplier of aftermarket automotive parts, announced that the Company and certain of its affiliates have filed voluntary petitions for chapter 11 relief in the United States Bankruptcy Court for the Southern District of Texas (the “Court”) to stabilize its business operations and facilitate a value-maximizing transaction.To support business continuity, an ad hoc group of cross-holders (the “Ad Hoc Group”) has agreed to provide First Brands with $1.1
Read Story
September 30, 2025 @ 08:11 AM
|
Oxford Finance appointed Brock Johnson to lead Underwriting for its newly created Asset Based Lending (“ABL”) division. In this role, Johnson will lead the firm’s ABL credit strategy, overseeing deal structuring, credit analysis, and risk management. This key addition strengthens Oxford’s growing ABL platform and reinforces the Company’s commitment to delivering thoughtful, credit-driven financing solutions to middle-market borrowers.Johnson brings nearly 20 years of experience in commercial
Read Story
September 30, 2025 @ 08:10 AM
|
Monroe Capital successfully exited its strategic investment in Red Dog Equity’s portfolio company Superior Waste Industries, LLC (“Superior Waste”), which was sold to GFL Environmental Inc. (“GFL”). Founded in 2022 and headquartered in Shawnee, OK, Superior Waste experienced rapid growth through a series of strategic acquisitions, including Central Disposal, Harley Hollan, Sue’s Recycling and Sanitation, and SDS Roll-off Dumpsters between 2022 and 2024. Earlier in September, the business was
Read Story
September 30, 2025 @ 08:00 AM
|
eCapital delivered a $20 million accounts receivable (AR) financing facility to support the expansion of a California-based motion-entertainment company.The company has carved out a unique space at the intersection of technology, wellness, and entertainment. By creating products that encourage active participation and inclusive family play, the company is addressing rising demand for healthier, more engaging digital experiences. To support its acceleration, the business sought a financing
Read Story
September 30, 2025 @ 07:48 AM
|