U.S. Bank announced Dan Son as the new head of its Working Capital Finance division. Son replaces Sam Philbrick, who is retiring after 45 years in banking, including 18 years at U.S. Bank in which he helped grow the asset-based finance business into a top national franchise.Son will be responsible for the development, coordination and delivery of working capital solutions from across the bank for clients. The Working Capital Finance division includes several established product verticals
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April 24, 2025 @ 08:15 AM
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Chomps, the fastest-growing snack brand in the U.S. and maker of high-quality meat snacks, has secured a new $100 million revolving line of credit with Wells Fargo.The credit will provide Chomps with increased financial flexibility to support continued expansion across all aspects of its business. These funds will be strategically allocated to expand the company’s production capacity and capabilities, expand operations, and support ongoing retail programs and marketing initiatives."Our
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April 25, 2025 @ 07:58 AM
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MAX Surgical Specialty Management (MAX), a premier surgeon-led provider of oral and maxillofacial surgery (OMS), closed on a $77 million senior credit facility provided by Freeport Financial Partners. The financing will support the next phase of the company's strategic growth, with a focus on forming new partnerships with leading OMS practices across the Northeast."Staying close to the communities we serve is at the heart of our partnership strategy," said Mark Censoprano, Co-CEO of MAX. "This
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April 25, 2025 @ 07:50 AM
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Austin Financial Services (AFS), a leading nationwide provider of asset-based lending (ABL) solutions, has entered into a new strategic joint venture with Stearns Bank, a well-capitalized, employee-owned financial services institution committed to helping small businesses, entrepreneurs and communities reach their full economic potential.This strategic partnership combines Stearns Bank's well-capitalized financial infrastructure with AFS’s entrepreneurial alternative lending model. Together, the
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April 22, 2025 @ 08:10 AM
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Olympic Steel, a leading national metals service center, announced that it has amended and extended the maturity of its existing $625 million, five-year asset-based revolving credit facility through April 17, 2030.The revolving credit facility is secured primarily by the accounts receivable, inventory, property, equipment and select real estate owned by the Company. The revolving credit facility includes an increase option of up to $200 million.After giving effect to the amendment and the
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April 23, 2025 @ 08:03 AM
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