Bizfi expanded its business lending capabilities through a funding partnership with InterNex Capital, an asset-based digital lender. The partnership will allow small to mid-sized businesses in manufacturing, wholesale, trucking, business and...
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December 15, 2016, 07:33 AM
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Texas Capital Bank announced key organizational changes within its executive team, reflecting the bank’s vigorous growth in the past several years.Mark Johnson and John Sarvadi have been promoted to managing director – regional and specialty banking...
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December 07, 2016, 07:33 AM
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Brookridge Funding announces the completion of $3.25 millon of purchase order funding facilities for three new clients:The clients were introduced to Brookridge by their factors or asset-based lenders and include:
$2 million for a New...
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December 06, 2016, 07:28 AM
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Big Shoulders Capital (BSC), an asset-based lender, provided a $1.5 million term loan secured by machinery and equipment. Big Shoulders was able to refinance the company’s commercial bank term loans and provide additional funds for working capital...
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December 05, 2016, 07:33 AM
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Amerisource Funding announced the closing and funding of a $500,000 asset-based revolver for a New York based importer and distributor of consumer electronics. The company designs, imports and distributes consumer electronics to major US retailers....
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December 05, 2016, 07:20 AM
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TAB Bank announced it has provided a $1.5 million revolving credit facility for a trucking company located in Minnesota. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs. ...
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November 30, 2016, 07:11 AM
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Austin Financial Services, Inc. (“AFS”) recently funded a $1.5 million AR only asset-based credit facility. The company markets all grades of wastepaper, plastics, cardboard, metal, woods, electronics and other recyclable materials to domestic...
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November 29, 2016, 07:38 AM
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Amerisource Funding announced the closing and funding of a $500,000 revolving line of credit for a Florida based healthcare IT staffing company. Proceeds of the facility are being used to finance growth and ongoing working capital needs. The company...
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November 28, 2016, 07:53 AM
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Registration is now open for the International Factoring Association’s (IFA) 23rd Annual Factoring Conference, to be held April 5-8 at the Omni Fort Worth Hotel, TX. The world's largest conference dedicated to banks and finance companies that offer...
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November 28, 2016, 07:39 AM
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Crestmark secured a total of $19.81 million in financial solutions for 16 new clients in the first half of November.
On Nov. 1, a $391,000 new lease transaction was completed with a candy company in the West.
A $250,000 traditional factoring...
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November 17, 2016, 07:00 AM
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Encina Business Credit, LLC (EBC) announced it has provided a $30 million debtor-in-possession (DIP) facility to American Apparel (USA) LLC, a vertically-integrated manufacturer, distributor and retailer of branded fashion basic apparel products. The...
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November 16, 2016, 07:40 AM
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Genpact, a global leader in digitally-powered business process management and services, today announced an innovative platform that drives rapid, broad scale transformation and changes the business model for online commercial lending, creating more...
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November 16, 2016, 06:53 AM
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Sallyport Commercial Finance, LLC, closed three apparel deals in two days in October, totaling $11.5 million. All three companies have their own unique brands and are located across the breadth of the United States from California, to Massachusetts...
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November 15, 2016, 07:32 AM
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David B. Kurzweil, shareholder, co-chair of the Financial Institutions Practice at international law firm Greenberg Traurig, LLP, and chair of the Atlanta Restructuring & Bankruptcy Practice, has been named to the Commercial Finance Association’s...
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November 11, 2016, 07:15 AM
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Allied Affiliated Funding announced the following recently closed transactions: $5 million accounts receivable facility to a healthcare staffing company focused on providing international students with educational opportunities working in hospitals...
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November 09, 2016, 07:24 AM
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Heritage Bank has joined forces with Fayetteville-based Diversified Funding Services, Inc., to offer accounts receivable factoring, AR/ABL credit lines and other back office managed services to businesses throughout Atlanta and the State of...
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November 03, 2016, 07:52 AM
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Webster Bank named Jonathan Weiner as senior vice president, senior relationship manager, middle market banking, covering New York City and Long Island.“Jonathan is a seasoned professional who will be instrumental in growing businesses and deepening...
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November 03, 2016, 07:44 AM
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Gibraltar Business Capital recently helped a growing manufacturing business access $3.5 million in immediate liquidity after the acquirer of its bank reduced funding options. This example showcases how alternative financing continues to successfully...
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November 03, 2016, 07:33 AM
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Diamond Business Credit announced that it recently funded a $200,000 line of credit to a courier services company that faced serious problems and was in need of a significant turnaround. Given the distressed conditions, the company’s bank could no...
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November 02, 2016, 07:05 AM
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U.S. Funding Solutions, Inc. (USFS) has teamed up with a nationwide lender to offer ABL Facility loans, also known as ABL Credit Facility loans to small businesses seeking working capital based loans to help grow their business.These working capital...
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October 31, 2016, 07:13 AM
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Broadwind Energy, Inc. announced it has closed on a new three-year $20 million asset-based credit line with The PrivateBank. Under the terms of new credit line, Broadwind will have the ability to borrow up to $20 million against a borrowing base...
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October 27, 2016, 07:44 AM
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Basic Energy Services, Inc. announced that the Company entered into a restructuring support agreement (the "RSA") on October 23, 2016, with its secured term loan lenders and certain holders of its 7.75% senior notes due 2019 (the "2019 Notes") and...
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October 24, 2016, 07:48 AM
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Crestmark secured a total of $16.89 million in financial solutions for 14 new clients in the first half of October. The deals are:
On Oct. 1, a $2.2 million new lease transaction was provided to a communications provider in the west.
A $4.72...
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October 21, 2016, 07:13 AM
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Lawrence Financial Group announced the funding of a total of $100 million in the first three quarters of 2016. Highlights of third quarter results included:
$10 million revolving secured line of credit for a Los Angeles area based furniture...
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October 18, 2016, 07:26 AM
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Hitachi Business Finance recently provided $6 million to four companies across the U.S.Of the new clients that received financing, the first is a Midwestern auto supplier. The company is experiencing massive growth opportunities and was in need of...
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October 12, 2016, 07:23 AM
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Crestmark founder and CEO W. David Tull announced that the company marks its 20th year in business this month. Crestmark Bank was established in October 1996 with the goal of providing small- and medium-sized businesses with a broad range of...
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October 04, 2016, 07:12 AM
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Diamond Business Credit announced that it has partnered with Michael Kot to open a direct lending office to service the New York Tri-State area and beyond. Kot has spent many years in the asset-based lending business in various capacities in this...
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September 30, 2016, 07:13 AM
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Big Shoulders Capital (BSC), an asset-based lender, purchased $1.5 million of non-performing loans secured by construction equipment and industrial real estate. BSC closed quickly in order to maximize the value of the company and its assets.BSC is...
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September 30, 2016, 07:08 AM
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Monroe Capital announced an increase in the credit facility to OSG Billing Services (“OSG”) to support the acquisition of WhatCounts. Based in Atlanta, Georgia and Seattle, Washington, WhatCounts is a leader in technology-enabled, data-driven...
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September 29, 2016, 07:39 AM
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Essex Capital Group announced the firm recently arranged a $7 million balance sheet recapitalization for a defense and aerospace government contractor based in the Southeast. The company provides high-end technical, engineering and IT services...
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September 29, 2016, 07:12 AM
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Wells Fargo Middle Market Banking has named Susan Owens to head commercial banking operations in Maryland. As regional vice president, Owens oversees a team of financial service professionals based at the bank’s Baltimore Middle Market Banking...
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September 23, 2016, 07:50 AM
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Bibby Transportation Finance (BTF) will celebrate ten years in business this month and will commemorate the occasion at an event at the Wildhorse Saloon where employees, clients, and other attendees will participate in a raffle to raise funds for the...
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September 21, 2016, 07:16 AM
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GemCap funded a $5.0 million loan facility to a seller of material handling equipment. The facility is secured by inventory. “GemCap is pleased to have provided the company with a flexible financing solution that will allow them to more than...
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September 21, 2016, 07:14 AM
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Crestmark secured a total of $17,945,000 in financial solutions for 16 new clients in the first half of September. The transactions are:
A $250,000 traditional factoring facility was provided on Sept. 1 to a distributor of footwear in North...
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September 16, 2016, 08:09 AM
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The Michigan Chapter of the Commercial Finance Association announces that effective September 1st, 2016, Robert W. Bowles, Executive Director of Bluewater Transaction Advisors LLC, has been appointed President of the chapter, following Brian Banning...
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September 14, 2016, 07:09 AM
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Vericel Corporation, a leading developer of autologous expanded cellular therapies for the treatment of severe diseases and conditions, announced that it entered into an expanded term loan and revolving line of credit agreement with Silicon Valley...
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September 13, 2016, 07:36 AM
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HD Supply Holdings, Inc. announced that its indirect wholly-owned subsidiary, HD Supply, Inc., intends to amend its existing Senior Secured Term Loan Facility to (i) among other things, eliminate its LIBOR floor by means of a replacement tranche that...
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September 13, 2016, 06:43 AM
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Loeb Term Solutions announced the graduation of a Midwest metalworking facility after having provided an equipment term loan back in 2014. The company, a manufacturer of compressor housings and custom components for turbochargers, emission systems...
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September 08, 2016, 07:07 AM
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MB Business Capital recently provided a new senior credit facility to ACME Construction Supply Co., Inc. (“ACME”), a Portland, Oregon-based company. ACME distributes specialty products to the commercial construction, residential housing, industrial...
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September 01, 2016, 07:41 AM
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Access Capital has recently closed a new facility for $1 million with a New Jersey-based IT staffing company. The company provides a full suite of IT services to clients in media, publishing, telecommunications, and financial services. The borrower...
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August 23, 2016, 07:32 AM
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Crestmark Bank is marking its 20th anniversary with the creation of a $100,000 scholarship fund to benefit students at Oakland University School of Business Administration. The fund will award $20,000 in scholarships a year for five years in honor of...
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August 23, 2016, 07:29 AM
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Crestmark secured a total of $12,046,000 in financial solutions for 14 new clients in the first half of August. They are:
A $1 million accounts receivable purchase facility was provided on Aug. 1 to a startup trucking company in Florida. The...
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August 18, 2016, 07:26 AM
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Lendified Holdings Inc., a Canadian-based lending technology company offering working capital and related financial services products to the small business community, announced that it has entered into an agreement with Liquid Capital Corporation , a...
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August 17, 2016, 07:43 AM
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Crestmark Chairman, CEO and founder Dave Tull has been elected to serve as vice chair of Oakland University’s (OU) Board of Trustees. Tull was appointed to an eight-year term on the eight-member board in 2014.Tull said, “I am honored to accept an...
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August 17, 2016, 07:12 AM
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Austin Financial Services, Inc. (AFS) recently funded a $6 million ABL credit facility comprised of an AR & Inventory revolver with an equipment term loan. The client, who has multiple locations throughout the country, is a manufacturer & distributor...
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August 16, 2016, 07:48 AM
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Loeb Term Solutions announced its recent partnership in SQN Latina, a Mexico city-based industrial asset lender focused on small and medium enterprises. The partnership between the two companies is breaking barriers in the manufacturing, construction...
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August 15, 2016, 08:05 AM
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TAB Bank announced it has provided working capital funding to two trucking companies located in the Midwest. Each funding represents TAB Bank’s commitment to providing customized financial solutions and dedicated service and support to the trucking...
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August 11, 2016, 07:41 AM
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Bibby Financial Services (BFS) announces the provision of a $4.5 million asset-based lending (ABL) facility with a $1.5 million inventory line of credit sublimit to a distributor and wholesaler of a trusted source for earth-friendly and...
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August 10, 2016, 07:43 AM
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Marquette Business Credit announced it recently provided a $5 million credit facility to help support Elm Creek Partners' acquisition of Liberty Paper Products. The credit facility will also provide additional capital to support the company's...
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August 09, 2016, 07:43 AM
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Federal National Commercial Credit (FNCC) announced the recent funding of four new clients. These companies represent a sample of the types of creative financing solutions provided by Federal National.The deals are:
Apparel Manufacturer -- $2...
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August 08, 2016, 08:06 AM
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In the first six months of 2016, Lawrence Financial Group reported closing 20 transactions with funding in excess of $75 million. Highlights include:
$35 million for outdoor products group. This Los Angeles based company, formed in 1973, develops...
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August 05, 2016, 07:31 AM
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Crestmark secured a total of $7,573,000 in financial solutions for five new clients in the second half of July.
A $400,000 accounts receivable purchase facility was provided on July 19 to a trucking company in California. The financing will be...
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August 04, 2016, 07:16 AM
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Amerisource Funding announced the closing and funding of a $1 million revolving line of credit for a Pennsylvania-based company that provides services to coal mines. Proceeds of the facility are being used to refinance an existing line of credit and...
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August 02, 2016, 07:39 AM
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An Ohio-based electrical supplies distributor received an SBA loan when the new owners purchased the company several years ago but did not have the working capital facility they needed to help the company grow. Mackinac Commercial Credit was called...
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August 02, 2016, 07:27 AM
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Hitachi Business Finance, a division of Hitachi Capital America Corp. and a leader in easy and flexible financing for growing companies, recently provided $7 million in working capital to two companies. Of the new clients that received funding, the...
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August 01, 2016, 07:26 AM
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King Trade Capital announced the financing of a $4.5 million trade finance facility for a Utah based ski and outerwear company. The financing allows the company to buy seasonal inventory from more than ten different suppliers around the world. The...
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July 27, 2016, 07:52 AM
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Building on the success of ten years in business in Canada, Bibby Financial Services (BFS) announced that it provided an $850,000 factoring facility to an Ontario-based distributor of security and defense products. The company, which supplies...
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July 26, 2016, 07:36 AM
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Crestmark secured a total of $17.6 million in financial solutions for 13 new clients in the first half of July. The transactions are:
A $4.4 million SBA 7(a) term loan facility was provided on July 5 to an independent insurance agency in Florida....
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July 26, 2016, 07:16 AM
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A transportation company in New York has chosen TAB Bank for a $2 million revolving credit facility. The new facility will pay off the company’s previous lender and will support the company’s ongoing working capital needs.The company is a freight...
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July 21, 2016, 07:31 AM
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Commercial Finance Partners (CFP), headquartered in Boca Raton, FL, announced Darren Palestine has joined the company as managing partner. Palestine was previously the director of sales for Crossroads Financial, a nationwide asset-based lender...
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July 19, 2016, 07:36 AM
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Shortly after spinning-off from its parent company, Trugraphx, a t-shirt wholesaler that sells to all major mid-tier retailers, was in search of a financing partner to provide working capital. After considering a variety of equity and debt options...
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July 13, 2016, 07:56 AM
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Allied Affiliated Funding announced the following recently closed transactions: A $1.5 million accounts receivable facility plus a $200,000 term loan to a minority-owned staffing firm. The company was a former Allied client until 2013, graduating...
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July 12, 2016, 07:29 AM
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TAB Bank announced it provided $25.3 million in trucking equipment loans for 195 transportation companies during the 2nd quarter of 2016. Based in different regions of the country, these companies represent a broad spectrum of trucking entities...
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July 07, 2016, 07:09 AM
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Chiesa Shahinian & Giantomasi PC (“CSG”) announced that Frank Peretore has joined the firm as a member concentrating in the representation of secured creditors and lessors in the equipment leasing and asset based lending industry. Over the course of...
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July 06, 2016, 07:41 AM
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Austin Financial Services, Inc. recently funded a $1.4 million ABL credit facility comprised of an AR & Inventory revolver with a seasonal over-advance line to meet the company’s inventory purchasing needs. The company is a manufacturer and...
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July 05, 2016, 07:46 AM
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Power Solutions International, Inc. ("PSI" or "the Company") announced the closing of a $135 million Senior Secured Credit Facility, consisting of a new $60 million term loan with TPG Specialty Lending, Inc. and affiliated funds managed by TSSP, a...
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June 30, 2016, 08:07 AM
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Encina Business Credit, LLC (EBC) announced it has provided a $20 asset-based revolving credit facility to a processor and broker of scrap metals based in the southern U.S. The credit facility consists of a working capital revolver secured primarily...
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June 23, 2016, 07:49 AM
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Crestmark was honored by the 22nd Annual Communicator Awards with an Award of Excellence and three Awards of Distinction for print ads and direct-mail. For the international competition, one of the largest of its kind, Crestmark’s entries competed...
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June 23, 2016, 07:06 AM
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A Michigan-based service business was not getting the service they expected from their current lender. In the end they were told by their lender that they were “too small” for them to handle. Mackinac Commercial Credit (MCC) was called in by a...
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June 17, 2016, 07:55 AM
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Marquette Business Credit announced it recently funded a $7.6 million credit facility to a retailer specializing in maintenance, repair, and operational products, providing supply chain management solutions and distributing high quality industrial...
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June 14, 2016, 07:56 AM
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Celtic Capital Corporation announced its most recent new client relationship. This full service commercial printer in Tennessee approached Celtic to provide financing to complete an acquisition of the business by a minority shareholder who was...
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June 09, 2016, 07:52 AM
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Amerisource announced the closing and funding of a $1 million revolving line of credit for a wholesale fuel and service provider. The company supplies wholesale fuel and supplies equipment and services to highway and civil construction companies in...
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June 09, 2016, 07:44 AM
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Amerisource announced the closing and funding of a $750,000 line of credit for a software services company located in California. The Company develops mobile applications for its clients and has been growing rapidly. The company was referred to...
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June 03, 2016, 07:40 AM
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CBC Business Credit announced it has provided a $1 million asset-based loan to a rain gutter systems manufacturer. Headquartered in Northern California, this entrepreneurial manufacturer of rain gutter systems has received the Consumer Reports Seal...
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June 03, 2016, 07:29 AM
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Crestmark secured a total of $8.775 million in financial solutions for 14 new clients in the second half of May.
A $500,000 accounts receivable purchase facility was provided on May 19 to a parts supplier for the oil and gas industry in Texas....
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June 02, 2016, 07:22 AM
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CBC Business Credit announced the funding of a $750,000 asset-based revolving line of credit to an auto parts distribution company in business for the last five years out of Rancho Cucamonga, CA. The company primarily sells to dealers, independent...
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June 01, 2016, 07:59 AM
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Federal National Commercial Credit (FNCC) announced the recent funding of a $4 million asset-based line of credit, with a $2 million inventory sub-limit, to a Southern California based wholesale distributor. The company was seeking to replace their...
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May 31, 2016, 07:40 AM
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Allied Affiliated Funding announced the following recently closed transaction: $2 million accounts receivable facility including a $250,000 brokerage line and a $200,000 revolving line of credit to a Texas-based transportation company that hauls...
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May 31, 2016, 07:21 AM
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TAB Bank announced it has provided a $750 thousand revolving credit facility for a trucking company located in Illinois. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs.The...
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May 26, 2016, 07:43 AM
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North Mill Capital announced it has provided a $1.5 million accounts receivable financing facility and equipment term loan to a manufacturer of military vehicle parts. The Wisconsin-based company was in need of additional working capital. Funds were...
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May 24, 2016, 07:52 AM
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Trade Finance Solutions Inc., a leading provider of global trade financing solutions, provided €4.0 million in supplier credit and factoring facilities to a Spain-based manufacturer of biodiesel fuel. The facilities will enhance the company’s cash...
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May 24, 2016, 07:34 AM
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Crestmark secured a total of $16.265 million in financial solutions for 19 new clients in the first half of May. The deals include:
$150,000 accounts receivable purchase facility was provided on May 2 to a trucking company in Washington. The...
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May 19, 2016, 07:54 AM
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Austin Financial funded a $1 million accounts receivable revolver for a staffing and software implementation company serving fortune 500 clients. When the incumbent bank wasn’t able to increase the client’s line of credit, Austin stepped in with a...
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May 18, 2016, 07:13 AM
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Access Capital announced the closing of a senior credit facility in the amount of $500,000 to a New Jersey based provider of temporary staffing solutions to the manufacturing and distribution industries The company, currently in only its second full...
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May 13, 2016, 07:35 AM
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Crestmark secured a total of $7.57 million in financial solutions for 13 new clients in the second half of April. They include:
A $550,000 accounts receivable purchase facility was provided on April 20 to a startup trucking company in Texas. The...
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May 04, 2016, 07:19 AM
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Liquid Capital announced the funding of six recent transactions. They include:
A $1 million asset-based loan facility to a kitchen cabinet manufacturer in the Martimes to help fund the growth of their business.
A $100,000 factoring facility to a...
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May 03, 2016, 07:02 AM
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Super G announced the firm provided a $1.25 million second lien seasonal over-advance loan to a sposor-backed company that formulates and distributes impression fragrances. The second lien loan complements Bibby Financial Services' asset-based loan. ...
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April 28, 2016, 07:26 AM
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TAB Bank announced it has provided working capital funding to two companies located in the Western United States. Each funding represents TAB Bank’s belief that small businesses are the heartbeat of the American economy. TAB is committed to...
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April 28, 2016, 07:15 AM
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Access Capital has closed a senior credit facility in the amount of $6 million. The new borrower is an independent audio and digital sales representation organization in the network radio and advertising industries. The company, which was formed in...
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April 28, 2016, 07:03 AM
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MidCap Business Credit completed an $8 million asset-based line of credit to an oil and lubricant wholesaler located in the Midwest. The revolver is supported by advances against accounts receivable and inventory. The opportunity was sourced out of...
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April 27, 2016, 08:04 AM
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Brookridge Funding announces the completion of $3.25 million of purchase order funding facilities for four new clients. The clients were introduced to Brookridge by their factors or asset-based lenders and include:
$1.5 million for a Florida-based...
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April 27, 2016, 07:23 AM
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Gibraltar Business Capital recently closed a new $5 million asset-based credit facility to a Burlington, MA based company that specializes in designing and developing patented consumer products; currently its primary product is a heated insole which...
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April 25, 2016, 08:01 AM
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Liquid Capital announced it has closed six recent transactions. Details of the transactions are:
$1 million factor facility to a Mining Service Company in McAllen, TX to help fund day to day operations.
$400,000 factor facility to an Aquatic...
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April 21, 2016, 07:08 AM
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Wells Fargo Capital Finance announced on Apr. 19, the Wells Fargo Capital Finance team in the UK took home the 2016 Asset-based Lender of the Year award at the 15th Annual Private Equity Awards in London. Hosted by Real Deals, the awards dinner...
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April 20, 2016, 07:59 AM
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Crestmark secured a total of $4.375 million in financial solutions for six new clients in the first half of April. The transactions include:
A $175,000 SBA 7(a) term loan facility was provided on April 1 to an independent insurance agency in...
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April 20, 2016, 07:25 AM
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Cathay Bank announces the appointment of Kelly Wu as Executive Vice President, Corporate Banking Division.Pin Tai, President of Cathay Bank, said, "We are delighted to welcome Kelly to the Cathay Bank family and are confident that his proven...
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April 14, 2016, 08:05 AM
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White Oak Global Advisors has recently provided senior financing on four transactions:
A $119.5 million senior secured credit facility to support the buyout of a wireless services retailer and one of its competitors. White Oak served as Lead...
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April 13, 2016, 07:49 AM
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TAB Bank announced it has provided a $2 million revolving credit facility for a dump truck company located in New Jersey. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital...
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April 12, 2016, 07:46 AM
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P2Binvestor, a leading marketplace lender for asset-based working capital, today announced a new relationship with MW Eaglewood Americas LLC, an SEC-registered investment adviser."We are excited to finalize a relationship with one of the top funds in...
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April 11, 2016, 07:39 AM
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The Goodyear Tire & Rubber Company announced that it has refinanced its $2 billion asset-based revolving credit facility, including extending the maturity five years to 2021 and reducing the interest rate for loans under the facility by 25 basis...
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April 08, 2016, 07:58 AM
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TAB Bank provided $27.9 million in trucking equipment loans for 233 transportation companies during the 1st quarter of 2016. Based in different regions of the country, these companies represent a broad spectrum of trucking entities including...
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April 07, 2016, 07:25 AM
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Gibraltar Business Capital recently closed a new $4 asset-based line of credit to a manufacturer of solar inverters primarily for industrial/commercial use. The company is a global corporation which has recently established operations in San Antonio...
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April 01, 2016, 07:49 AM
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Coral Capital Solutions, a leading provider of financing solutions for medium-sized enterprises, announced a $9 million factoring facility with a Kansas-based emerging digital media publisher of sponsored, data-driven, localized content focused on...
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March 30, 2016, 07:45 AM
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Capital One’s annual asset-backed securities (ABS) survey found that more ABS professionals expect a decline in credit quality in 2016 than last year (54 percent versus 29 percent). Fifty percent of respondents also anticipate that issuers of ABS...
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March 30, 2016, 07:28 AM
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TAB Bank provided a $3 million revolving credit facility for a collaborative services company located in California. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs. The...
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March 25, 2016, 08:03 AM
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King Trade Capital announced the closing of a $1.5 million production finance facility for a manufacturer of skin care products. The company is owned by a private equity investor with investments in the consumer products space. Over the past several...
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March 24, 2016, 07:44 AM
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Renasant Business Credit announced the closing of a $12.0 million asset-based revolving line of credit for a Southeastern-based company engaged in the distribution of specialty building products for the residential housing marketplace.
The company...
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March 23, 2016, 07:36 AM
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SharpSpring, Inc., a global provider of cloud-based marketing technologies, has signed a loan and security agreement with Bridge Bank, a division of Western Alliance Bank, for a revolving credit facility of $2.5 million with a maturity date of March...
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March 23, 2016, 07:00 AM
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Bibby Financial Services Canada celebrates ten years in business this month with a continued commitment to growth across all segments and regions of the country.With offices in seven North American cities and 16 countries across the world, Bibby...
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March 22, 2016, 07:48 AM
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Crestmark secured a total of $14.593 million in financial solutions for 11 new clients in the first half of March. They are:
A $400,000 accounts receivable purchase facility was provided on March 1 to a startup trucking company in Michigan. The...
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March 17, 2016, 08:01 AM
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Brookridge Funding announced it has provided $2.25 million in purchase order funding facilities to clients referred by their factors or asset-based lenders. The facilities include include:
$750,000 for a NJ importer of women’s clothing;
$500,000...
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March 15, 2016, 07:35 AM
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CapitalPlus Equity, a factoring company specializing in commercial construction, has provided a revolving factoring facility for $84,000 to a construction sign subcontractor in Colorado. CapitalPlus Equity assists construction companies with their...
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March 11, 2016, 07:23 AM
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TAB Bank announced it has provided a $500 thousand revolving credit facility for a produce distribution company located in California. The new facility will provide working capital to the company to fuel growth. The company is primarily in the...
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March 10, 2016, 07:35 AM
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Sears Holdings Corporation announced that it has provided notice to the administrative agent under the Company's existing Third Amended and Restated Credit Agreement, dated as of July 21, 2015 (the "Existing Credit Agreement"), that the Company...
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March 04, 2016, 08:01 AM
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North Mill Capital announced it has provided $11.25 million to various customers in seven recent deals. They are:
$1 million to a natural juice wholesaler -- When a wholesaler of natural juices in Florida started to receive sizable orders with...
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March 04, 2016, 07:50 AM
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A transportation company based in Florida has chosen TAB Bank for a $2 million revolving credit facility. The facility is based on accounts receivable and will support the company’s ongoing working capital needs. The company is a family- owned...
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March 04, 2016, 07:31 AM
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Presidential Financial, a senior lender which provides working capital, asset-based lending, and term debt, announced a recently closed transaction. Presidential provided a $7.5 million line of credit to an IT design manufacturer in...
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March 04, 2016, 07:08 AM
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Bibby Financial Services announces the provision of a $2.5 million non-notification factoring facility to a prominent media distribution company based in California. Working with top international players in the media, entertainment and publishing...
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March 03, 2016, 07:36 AM
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TCE Capital, a boutique asset-based lender based in Toronto, Canada, specializing in non-notification accounts receivable, inventory, equipment and SR&ED Tax Credit financing launches its new website:TCE Capital’s new and improved website provides an...
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March 01, 2016, 07:24 AM
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Liquid Capital Express, LLC a non-bank commercial financing company, launches an asset-based lending (ABL) program to meet businesses growing needs to have more financing options. Now companies can leverage the assets in their business to increase...
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February 26, 2016, 08:00 AM
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GemCap has funded a $1.0 million loan facility to FlexPath Capital, a purchaser and reseller of non-prime auto loans. FlexPath Capital CEO Peter Sayer stated “we are pleased to partner with GemCap to provide additional capital for our growing auto...
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February 25, 2016, 07:59 AM
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Gerber Finance announced it has funded a $4 million line for J&K Electronics Inc., (dba MK Technology) which services the commercial and military electronics market."M3 Technology chose Gerber Finance because they were the most interested in...
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February 23, 2016, 07:47 AM
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Crestmark secured a total of $11,396,000 in financial solutions for seven new clients in the first half of February. The transactions are:
A $350,000 accounts receivable purchase facility was provided on Feb. 2 to a startup car hauling company in...
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February 18, 2016, 07:42 AM
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Essex Capital Group, Inc. announced the firm recently arranged a $19,175,000 balance sheet recapitalization for an industrial metal fabricator located in the Southeastern United States. The new financing package, offered by two leading specialty...
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February 17, 2016, 07:48 AM
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Gibraltar Business Capital announced a lending partnership with Millard Lumber Inc., a top value-added distributor of lumber and other building products. Based in Omaha, Nebraska, Millard has seen strong continued sales growth, creating a need for...
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February 12, 2016, 07:36 AM
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Scott Valley Bank’s Asset Based Lending division, SVBusiness Capital, has recently provided a $1.5 million accounts receivable line of credit with a $200,000 inventory sub-feature to an Integrated Mobile Solutions Provider in the San Francisco Bay...
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February 05, 2016, 07:43 AM
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TAB Bank announced it has provided a $1.2 million revolving credit facility for a transportation company based in Georgia. The facility is based on accounts receivable and will provide for the company’s ongoing working capital needs.The company was...
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February 05, 2016, 07:18 AM
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Ready Capital Corporation announced its new headquarters in downtown Birmingham, MI. Ready Capital Corporation provides much needed business capital in its home state. The boutique Michigan business lender is rescuing commercial borrowers from its...
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February 04, 2016, 07:16 AM
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Credibly, a tech and data-inspired lending platform that makes access to capital for small businesses simple and intuitive, announces the closing of a $70 million credit facility with SunTrust Bank and AloStar Bank of Commerce, a specialty provider...
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February 03, 2016, 08:01 AM
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Crestmark secured a total of $10,715,000 in financial solutions for eight new clients in the second half of January. The deals are:
A $250,000 accounts receivable purchase facility was provided on Jan. 19 to a startup freight brokerage in Michigan...
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February 03, 2016, 07:52 AM
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A Michigan-based precision parts manufacturer was restructuring its balance sheet and raising additional capital. It was seeking a new lender that could help them leverage their balance sheet assets and provide a working capital line to complete...
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February 01, 2016, 07:36 AM
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Essex Capital Group recently arranged a $1 million line of credit for Cornerstone Industrial Minerals Corporation, a Lakeview, Oregon based industrial minerals company engaged in the mining, processing, and marketing of perlite.The new debt facility...
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January 29, 2016, 07:07 AM
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GemCap has funded a $1.5 million loan facility to HYLETE, a manufacturer and online retailer of athletic performance apparel. The facility is secured by inventory. “It can be challenging for an online retailer to obtain reasonably priced debt...
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January 28, 2016, 07:32 AM
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Bibby Financial Services announces a major lending deal for early 2016 – a $3 million asset-based loan provided to a Florida-based provider of skilled labor for the oil and gas and marine industries.The value-added service provider has supported...
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January 26, 2016, 07:12 AM
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A Michigan-based precision parts manufacturer was restructuring its balance sheet and raising additional capital. It was seeking a new lender that could help them leverage their balance sheet assets and provide a working capital line to complete...
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January 26, 2016, 07:00 AM
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Gordon Brothers Group, a global advisory, restructuring and investment firm specializing in the industrial, consumer products and retail sectors, announced that its Japanese affiliate, Gordon Brothers Japan, has published a book, “The Asset Based...
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January 25, 2016, 08:06 AM
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TFS Solutions provided a $3 million asset-based lending facility which refinanced the company's existing debt and provided ongoing working capital to support the company's operations.
With the continued decline in the price of oil, banks have begun...
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January 22, 2016, 08:01 AM
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Crestmark secured a total of $11.185 million in financial solutions for 11 new clients in the first half of January. The transactions include:
A $500,000 ledgered line of credit was provided on Jan. 4 to a flatbed trucking company in Pennsylvania....
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January 20, 2016, 07:38 AM
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MidCap Business Credit announced that with the assistance of KCP Advisory Group, LLC it has completed a $6 million asset-based line of credit to SpineFrontier, Inc., a growing medical device company focused on outpatient spine surgery. The revolving...
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January 19, 2016, 08:09 AM
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Gerber Finance Inc. announced the funding of a $2.5 million credit line to Rasta Imposta, a wholesaler of Halloween costumes based in Runnemede, NJ. "When Rasta’s current lender decided it did not want to be in a seasonal business, Gerber stepped up...
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January 18, 2016, 07:53 AM
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Lawrence Financial Group reported total debt placements in excess of $500 million in 2015. This is a record breaking year for the 25 year old firm. The largest single funding was a $315 million real estate financing closed in the third quarter....
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January 18, 2016, 07:11 AM
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TAB Bank announced it has provided a $1.25 million revolving asset-based credit facility for a flatbed transportation company based in Georgia. The financing was done in conjunction with an acquisition by a private equity group.The company operates...
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January 15, 2016, 07:48 AM
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Focus Lenders Services Group, LLC announced an additional three field examiners have been added to its Chicago-based staff. The firm notes in a press release that with the substantial growth that the firm is observing within the Midwestern...
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January 15, 2016, 07:32 AM
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Trade Finance Solutions Inc., a leading provider of global trade financing solutions, announced they have provided a $4 million supplier credit facility to a Dominican Republic-based farmer’s association (“Company”). The Company imports soy, corn...
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January 14, 2016, 07:38 AM
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Bibby Financial Services secured a total of $104,660,000 in financial solutions for 307 new clients in 2015. Most of the company’s largest deals involved revolving lines of credit above $2 million, evidence of the company’s successful expansion into...
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January 12, 2016, 08:02 AM
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Bibby Financial Services Canada announces a $2.5 million asset-based loan provided to the continent’s largest manufacturer of office security containers. The company has provided high-quality products since its inception in 2003 and has four...
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January 06, 2016, 07:07 AM
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Federal National Commercial Credit (FNCC) announced the firm has provided new credit facilities for the following companies:
$4 million asset-based line of credit for an engineering and communication services company located in the Northeast...
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January 05, 2016, 07:41 AM
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California Bank of Commerce announced that on December 31, 2015, it completed its previously announced acquisition of Pan Pacific Bank. The acquisition, which was first announced on September 18, 2015, was concluded following receipt of approval for...
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January 05, 2016, 07:14 AM
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Bibby Financial Services announces a $4 million revolving line of credit for a major manufacturer of skin care devices and personal care products. The company is a leader in cutting edge beauty solutions, high-tech devices and treatments designed for...
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December 22, 2015, 07:44 AM
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Crestmark secured a total of $11.35 million in financial solutions for four new clients in the first half of December. The transactions are:
On Dec. 1, a $7 million asset-based line of credit facility was provided to a fiberglass manufacturer and...
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December 17, 2015, 08:02 AM
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CapitalPlus Equity, a factoring company specializing in commercial construction, has provided a revolving factoring facility for $50,000 to a flooring subcontractor in Florida. CapitalPlus Equity assists construction companies with their cash flow...
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December 16, 2015, 07:11 AM
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A distributor of pumps, valves, and process equipment based in Ohio has chosen TAB Bank for a $2.25 million revolving credit facility. The facility is an asset-based line of credit and also contains an inventory component. In addition to the credit...
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December 15, 2015, 07:56 AM
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Bibby Financial Services announces a $1 million factoring facility provided to a national labor subcontracting company. The company provides skilled, semi-skilled and specialty labor to businesses in a variety of industries across the country.The...
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December 15, 2015, 07:14 AM
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Gibraltar Industries, Inc. has closed on a new $300 million five-year revolving credit facility. The new facility replaces a $200 million secured revolving credit agreement due to mature in October 2016. Subject to certain conditions, Gibraltar also...
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December 11, 2015, 07:53 AM
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TAB Bank announced it has provided a $1.7 million revolving credit facility for a lumber distribution company located in the Intermountain West. The new facility will pay off the company’s previous lender and provide working capital to fuel their...
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December 10, 2015, 07:34 AM
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Crestmark secured a total of $8,005,000 in financial solutions for seven new clients in the second half of November. The transactions are:
On Nov. 17, a $1 million accounts receivable purchase facility was provided to a start-up transportation...
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December 03, 2015, 07:29 AM
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Recently an Ohio-based non-profit firm was in need of a working capital line of credit to replace the existing facility they had with a regional bank. Mackinac Commercial Credit (MCC) met with their management team to learn more about them. MCC was...
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December 03, 2015, 07:04 AM
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MidCap Business Credit announced it has completed an increase to Bakery Barn, Inc., and Pervine Foods', asset-based line of credit. MidCap’s President, Steve Samson stated, “We are always happy to support our customers strong growth opportunities...
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December 01, 2015, 07:58 AM
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To date, Bibby Financial Services North America employees donated 1,802 hours of service to their respective local communities across the United States and Canada. This surpasses the company's 2015 goal of 1,000 hours by 80 percent. Company employees...
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November 25, 2015, 07:08 AM
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Crestmark secured a total of $6.51 million in financial solutions for ten new clients in the first half of November. The transactions include:
On Nov. 4, a $500,000 accounts receivable purchase facility was provided to a start-up freight broker in...
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November 18, 2015, 07:22 AM
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Registration is now open for the International Factoring Association’s (IFA) 22nd Annual Factoring Conference, to be held April 13 through April 16 at The Fairmont Princess hotel in Scottsdale, Arizona. It is the world's largest conference...
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November 16, 2015, 07:30 AM
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Commercial Finance Partners (“CFP”) announced it celebrated its first anniversary on November 1st, 2015. Formed in 2014, the company was founded to bridge existing business financing products with technology to provide various lending programs to...
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November 10, 2015, 07:03 AM
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Access Capital closed a credit facility in the amount of $1.75 million to a New Jersey based company. The new borrower is a family-owned business and a manufacturer of hot stamping foils, holographic diffraction patterns, and holograms. The...
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November 09, 2015, 07:26 AM
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Bluewater announced that Miriam Rasmussen and Bret Hanson have joined the firm. Rasmussen is a director, focused on serving West Coast field exam clients while spreading the news of Bluewater’s growing operations in the west. As a native of the...
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November 05, 2015, 07:52 AM
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Crestmark secured a total of $5,858,000 in financial solutions for six new clients in the second half of October. The transactions are as follows:
On Oct. 20, a California-based designer and manufacturer of women’s dresses entered into a...
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November 05, 2015, 07:29 AM
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Conn’s, Inc., a specialty retailer of furniture and mattresses, home appliances, consumer electronics and home office products, and provider of consumer credit announced today that it has amended and restated its asset-based revolving credit facility...
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November 03, 2015, 07:47 AM
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GemCap has funded a $2.5 million loan facility to a designer and manufacturer of telescopes, binoculars, microscopes, and other scientific equipment. The facility is secured by inventory. “We are pleased to have been able to provide our borrower...
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November 03, 2015, 07:09 AM
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Haynes and Boone announced Neal Kaminsky has joined the firm as a partner in the firm's Finance Practice, where he will focus on a wide variety of financial transactions.Kaminsky is an experienced finance lawyer who takes a practical and...
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October 27, 2015, 07:58 AM
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White Oak Global Advisors has recently provided financing support to four transactions:
An $11.0 million senior secured term loan to a hydraulic manufacturer of metals parts and components. The company has expertise in machining and uses...
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October 21, 2015, 08:02 AM
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Crestmark secured a total of $9,070,000 in financial solutions for eight new clients in the first half of October. The transactions include:
On Oct. 1, a $250,000 accounts receivable purchase facility was provided to a startup trucking company in...
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October 21, 2015, 07:35 AM
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Lawrence Financial Group announced funding a record $350 million of asset-based loans in the third quarter, 2015.The largest transaction was a $310 million financing for three million square feet of office, industrial and retail properties. These...
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October 19, 2015, 07:31 AM
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A full-service commercial contractor providing comprehensive construction, construction management, remodeling, furnishing and design services was seeking to refinance its existing debt and support working capital. Due to the challenging nature of...
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October 15, 2015, 07:47 AM
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Bibby Financial Services closed 83 deals in the third quarter of 2015. Seven notable transactions that contributed to the company’s third quarter success include:
An $11 million asset-based lending facility to a New York-based developer of...
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October 14, 2015, 07:53 AM
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As the economy in Michigan continues to rebound, Hitachi Business Finance is playing a part by financing two growing companies with accounts receivable funding. The first company, located in mid-Michigan, provides hunting gear and equipment. With a...
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October 14, 2015, 07:44 AM
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Woodbury University announced the appointment of Los Angeles financier Lawrence Hurwitz as Chairman of the university's Board of Trustees. Hurwitz, who previously served as vice chair, is CEO and founder of Lawrence Financial Group. He succeeds...
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October 12, 2015, 07:36 AM
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Crestmark secured a total of $6.59 million in financial solutions for nine new clients in the second half of September. They include:
On Sept. 16, a $300,000 SBA 7(a) term loan facility was provided to an independent insurance agency in North...
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October 07, 2015, 07:23 AM
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Family owned and operated since 1962, Spec's is Texas' largest retailer of liquor, wine and beer. With 162 locations, it offers the consumer a unique, destination shopping experience with the broadest assortment of alcoholic beverages, specialty...
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October 06, 2015, 08:00 AM
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TAB Bank provided $43.9 million in trucking equipment loans for 144 transportation companies during the 3rd quarter of 2015. Based in different regions of the country, these companies represent a broad spectrum of trucking entities including...
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October 05, 2015, 07:07 AM
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Allegheny Technologies Incorporated has closed on the previously announced asset-based lending revolving credit facility that replaces its $400 million revolving credit facility. The five-year $400 million ABL facility is collateralized by the...
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September 25, 2015, 07:09 AM
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TAB Bank announced it has provided a $750 thousand asset-based credit facility for a uniform manufacturing company located in the western United States. The facility is extended through a multi-year agreement and will provide for the ongoing working...
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September 17, 2015, 07:44 AM
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Businesses in the United States are growing, as reflected in increased borrowing during the second quarter of the year, the Commercial Finance Association (CFA) announced. According to the CFA’s latest Quarterly Asset-Based Lending (ABL) Index, U.S....
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September 17, 2015, 07:38 AM
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Crestmark secured a total of $3,856,000 in financial solutions for seven new clients in the first half of September. The deals include:
On Sept. 1, a $500,000 accounts receivable purchase facility was provided to a trucking company in Illinois....
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September 16, 2015, 07:39 AM
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Trade Finance Solutions, Inc. (TFS) announced it has provided a $2 million accounts receivable financing facility to an Alberta, Canada company that supplies the energy and mining industries with products and materials to protect surface and ground...
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September 09, 2015, 07:26 AM
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Quanex Building Products Corporation, a leading supplier of window and door components, announced that it has significantly broadened its product portfolio and service model by entering into an agreement to acquire Woodcraft Industries, a premier...
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September 01, 2015, 08:01 AM
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TAB Bank announced it has provided a $5 million revolving credit facility for a trucking company based in California. Funding from the facility was used to pay off the company’s previous lender and will provide for their ongoing working capital...
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August 31, 2015, 07:46 AM
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MidCap Business Credit announced it has completed a $3.5 million revolving line of credit to a technical staffing company. The credit facility is supported by advances on accounts receivable. In addition to refinancing the previous lender, the...
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August 26, 2015, 07:53 AM
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Fitch Ratings has published the second edition of Rating Asset-Backed Lending Facilities. This report reviews Fitch's methodologies in the recovery analysis of asset-based lending (ABL) facilities and compares results to actual bankruptcy...
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August 25, 2015, 07:22 AM
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TAB Bank has provided TAB FAST funding for a trucking company located in Georgia. This transaction represents TAB’s commitment to providing working capital and other financial solutions to companies of all sizes in the trucking industry.The company...
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August 25, 2015, 07:17 AM
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Access Capital has closed a senior secured credit facility in the amount of $3.25 million comprised of a $3,000,000 working capital revolver and a $250,000 Term Loan. The new borrower provides janitorial and building maintenance, general labor, and...
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August 24, 2015, 07:56 AM
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Presidential Financial, a senior lender which provides working capital, asset-based lending, and term debt, announce it provided a $5.5 million line of credit was extended to an adhesive manufacturer in Texas. Founded in 1981, Presidential has a long...
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August 19, 2015, 07:45 AM
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Federal National Commercial Credit announced it closed two recent transaction. They include:
An $8.5 million asset-based line of credit to a health information and technology company in the Southeast region. Due to a sale of the current lenders...
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August 19, 2015, 07:11 AM
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TAB Bank announced it has provided a $3 million revolving credit facility for a trucking company based in Ohio. Funding from the facility was used to pay off the company’s previous lender and will provide for their ongoing working capital needs. In...
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August 17, 2015, 07:21 AM
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Crestmark Bank is one of the fastest growing private companies in the U.S. according to Inc. magazine. In its just-released 34th annual list of America’s Fastest Growing Private Companies, Crestmark ranked 61st among the fastest-growing companies in...
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August 14, 2015, 07:41 AM
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Crestmark secured a total of $17,008,000 in financial solutions for 13 new clients in the second half of July. The transactions are:
On July 17, a $250,000 accounts receivable purchase facility was provided to a trucking company in Georgia. The...
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August 05, 2015, 07:39 AM
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Presidential Financial, a senior lender which provides working capital, asset-based lending, and term debt, announced a recently closed transaction: a $5 million line of credit was extended to a food manufacturer and distributor in Colorado. Founded...
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August 05, 2015, 07:11 AM
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TAB Bank announced it has provided TAB FAST funding for a trucking company located in Florida. This transaction represents TAB’s commitment to providing working capital and other financial solutions to companies in the trucking industry.TAB FAST is...
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July 31, 2015, 07:11 AM
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Gibraltar Business Capital announced that it is continuing to diversify and broaden its offerings. Gibraltar is answering an uptick in requests from different types of businesses looking for more creative, non-bank financing structures to launch an...
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July 29, 2015, 07:09 AM
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The International Factoring Association (“IFA”), the largest association for the commercial finance industry, recently reached out to factors from China to further global connections and understanding. IFA coordinated a ten-day tour of factoring...
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July 24, 2015, 08:02 AM
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White Oak Global Advisors has recently provided financing support to six transactions:
$25.5 million senior secured term loan to a performance-based digital marketing company that operates a private online exchange for connecting advertisers with...
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July 15, 2015, 07:29 AM
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Bibby Financial Services closed 80 new deals in the second quarter of 2015, seven of which were more than $1 million each. They are:
$7.5 million factoring facility to a Canadian skilled IT staffing firm
$7 million factoring facility to a...
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July 15, 2015, 07:15 AM
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Crestmark First Vice President of Program Management Scot Lund has been named president of the Michigan Chapter of the Turnaround Management Association (TMA), effective July 1. TMA is a non-profit organization dedicated to corporate renewal and...
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July 14, 2015, 07:52 AM
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Crestmark announced the funding of Alternative Energy Development Group (AEDG) LLC, and affiliated company SolarSense LLC, headquartered in Berwyn, Pa., with a combination of sale and leaseback transactions. Crestmark provided sale-leaseback...
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July 10, 2015, 07:29 AM
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AmeriFactors Financial Group is celebrating 25 years of business in Orlando. The company, which unveiled a new logo and website to commemorate its anniversary, has also reached a new milestone: over $5 billion in fundings have been completed as of...
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July 09, 2015, 07:08 AM
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Crestmark secured a total of $22.1 million in financial solutions for eleven new clients in the second half of June. The transactions are:
A $250,000 accounts receivable purchase facility was provided on June 16 to a medical software and hardware...
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July 02, 2015, 07:42 AM
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Presidential Financial, a senior lender which provides working capital, asset-based lending, and term debt, is pleased to announce a recently closed transaction. A $10 million line of credit was extended to a wholesale manufacturer in New York....
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June 26, 2015, 07:46 AM
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Diamond Business credit is pleased to announce that it recently funded a $50,000 line of credit to a start-up painting company specializing in property restoration projects. The extensive snow and water damage experienced this winter transformed...
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June 26, 2015, 07:02 AM
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Bayside Business Solutions, Inc. announced Momentum Capital Funding has implemented the CADENCE platform and ClientWeb to administer its asset-based lending and accounts receivable financing. The CADENCE portfolio management system contains the tools...
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June 24, 2015, 07:33 AM
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TAB Bank announced the closing of three working capital facilities in California totaling $3.35 million. Each funding represents TAB’s commitment in providing working capital financing solutions and ongoing support to small and medium-sized...
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June 24, 2015, 07:16 AM
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Hitachi Business Finance announced a $750,000 asset-based lending facility for a Midwest staffing company that provides IT, engineering, accounting, and skilled and unskilled corporate staffing.The company needed of a new source of working capital...
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June 24, 2015, 07:07 AM
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A trucking company located in the southeast has chosen TAB Bank for a $1.5 million revolving credit facility. The new facility is based on accounts receivable and will provide cash flow for the company’s ongoing working capital needs. In addition...
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June 19, 2015, 07:10 AM
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Renasant Business Credit announced the closing of an $11 million asset-based revolving line of credit for a Southeast-based company engaged in providing insurance premium financing. The company was looking for a larger working capital credit...
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June 18, 2015, 07:50 AM
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Crestmark Bank, headquartered in Troy, and serving businesses nationwide, hosts financial education programs for students as part of its strategic community outreach initiatives. The company’s financial literacy programs for 2015 include...
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June 18, 2015, 07:04 AM
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Crestmark secured a total of $5.34MM in financial solutions for eight new clients in the first half of June. The transactions are:
A $300,000 SBA 7(a) term loan facility was provided on June 1 to an independent insurance agency in Ohio. The...
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June 16, 2015, 07:49 AM
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CapitalPlus Equity announced that Carol Arrasate has joined the company as Director of Client Services. In this role, Arrasate will be responsible for customer service and the document processing. Arrasate brings over 15 years of high level executive...
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June 15, 2015, 08:16 AM
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First Financial Business Capital, a division of First Financial Bank, announces the completion of a $19.575 million working capital and term loan facilities deal for an Ohio hardwoods and air movement company.First Financial began offering specialty...
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June 10, 2015, 07:42 AM
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Access Capital has closed a $2 miliion working capital credit facility with a woman-owned legal staffing services provider based in Philadelphia. The company provides corporations, law firms, and government entities with attorneys, legal search...
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June 08, 2015, 07:14 AM
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Amerisource Funding announced the closing and funding of a $3 million senior secured revolving line of credit for a North Carolina based Hosiery Company. The company is one of the oldest hosiery manufactures in the nation and is experiencing growth...
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June 08, 2015, 07:11 AM
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Independence Energy Corp. ("Independence") announced that 30-year financial services veteran Edward Crowley has been appointed to the Independence board of directors and will lead the company's newly established financial services unit - RedHawk...
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June 05, 2015, 07:54 AM
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Federal National Commercial Credit (FNCC) announced its continued expansion with the addition of the following new transactions:
A $2 million A/R Credit LIne to a Health Science Service Company based in the Mid-Atlantic Region.
A $5.5 million...
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June 04, 2015, 07:10 AM
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Crestmark secured a total of $7 million in financial solutions for seven new clients in the second half of May. The transactions include:
A $650,000 SBA 7(a) term loan facility was provided on May 20 to an independent insurance agency in Michigan....
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June 03, 2015, 07:23 AM
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Bibby Financial Services announced a $6 million asset-based lending facility provided to a major staffing firm headquartered in the Southern United States. The firm specializes in matching enterprise resource planning (ERP) consultants with companies...
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June 02, 2015, 07:57 AM
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TAB Bank announced the closing of two factoring facilities in California totaling $1.25 million. Each funding represents TAB’s commitment in providing working capital financing solutions and ongoing support to small and medium-sized commercial...
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June 02, 2015, 07:27 AM
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On May 29, 2015, Generac Power Systems, Inc. (the “Lead Borrower”), a wholly owned subsidiary of Generac Holdings, entered into Amendment No. 2 (the “ABL Amendment”) to that certain Credit Agreement, dated as of May 30, 2012, as amended by Amendment...
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June 01, 2015, 08:01 AM
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Loeb Term Solutions recently provided an equipment term loan to a southwestern commercial bakery specializing in sweet and savory frozen bakery products. The company is looking to restructure their current financing and expand their operations to...
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May 29, 2015, 07:44 AM
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Six notable transactions that contributed to the company’s first quarter success include:
$1.5 million factoring deal based in southern California provided to an apparel company to aid in expanding its reach in the Americas
$1 million factoring...
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May 29, 2015, 07:11 AM
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Triumph Bancorp, Inc., the holding company for Triumph Community Bank, N.A. and Triumph Savings Bank, SSB, announced that its subsidiary banks intend to seek regulatory approval to merge into a single bank later this year. The combined bank will...
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May 27, 2015, 07:29 AM
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Crestmark secured a total of $7,065,000 in financial solutions for six new clients in the first half of May. These transactions include:
A $100,000 accounts receivable purchase facility was provided on May 4 to a trucking company in Kentucky. The...
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May 20, 2015, 07:27 AM
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US Capital Partners Inc. has provided a $1.5 million asset-based line of credit for an expanding distribution business headquartered in the Northeastern United States. US Capital Partners is a private investment bank that makes direct debt...
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May 20, 2015, 07:14 AM
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King Trade Capital announced the recent funding of a $1.2 million purchase order finance facility for a California-based home furnishings and textiles company. King Trade Capital was contacted by the special situations group of a national asset-based...
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May 19, 2015, 08:01 AM
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BAM Worldwide announced the availability of a specialty asset-based lending platform for motor carriers following the successful debut of BAMwire™ in the freight brokerage and logistics industry.Slow-paying customers and slim operating margins are a...
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May 19, 2015, 07:27 AM
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A high end woodworking millwork firm was seeking to obtain financing to purchase the assets of the company from its senior lender. The company had been negatively impacted by a fire and fraud by a former partner and was experiencing tight liquidity....
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May 18, 2015, 04:32 PM
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Presidential Financial, a senior lender which provides working capital, asset-based lending, and term debt, announced a recently closed transaction. A line of credit, in the amount of $6 million, was extended to an audio electronics manufacturer in...
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May 18, 2015, 07:09 AM
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Fast A/R Funding, a specialty finance company, announced that it has acquired Continental Business Credit (Continental), a 25 year-old privately held commercial finance company providing factoring and asset based lending to manufacturers, importers...
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May 08, 2015, 07:51 AM
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Crestmark secured a total of $12,690,000 in financial solutions for nine new clients in the second half of April. The details are as follows:
A $5 million asset-based line of credit was provided on April 21 to a distributor of pipeline products in...
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May 06, 2015, 07:31 AM
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Marquette Business Credit is pleased to announce it has funded a $10 million working capital line of credit to DataSpan Holdings, Inc. Marquette's credit facility will provide DataSpan with a strong working capital solution to help facilitate future...
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May 01, 2015, 08:05 AM
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The energy sector default rate is expected to rise above its long-term average of 1.9% in 2015, according to Fitch Ratings. Low oil prices have pressured cash flows and liquidity of smaller, less competitive exploration and production (E&P) companies...
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April 28, 2015, 08:01 AM
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MB Business Capital, a division of MB Financial Bank, N.A., announced that the Association for Corporate Growth (“ACG”) awarded Michael Wolf, senior vice president, the prestigious 2015 Meritorious Service Award. The 2015 award recipients were...
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April 24, 2015, 07:57 AM
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Gibraltar Business Capital announced three exciting deals that have allowed small businesses nationwide to grow change or reach business goals in ways that continue to inspire us as an asset based lender. A lending solution to shift at the speed of...
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April 23, 2015, 07:53 AM
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A South Carolina-based environmental firm was closing out the start- up phase of their business plan. While sales were ramping up significantly, they did not have the history to find a traditional bank to fund their growth. MCC management was...
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April 23, 2015, 07:29 AM
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Avidbank Corporate Finance, a Division of Avidbank that specializes in technology and asset-based funding, has provided financing to support the acquisition of Japonesque LLC located in San Ramon, California by Private Equity firm, San Francisco...
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April 15, 2015, 07:49 AM
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Coral Capital Solutions, a leading provider of financing solutions to small and middle market businesses, closed a $24 million factoring facility to a leading provider of custom computing infrastructure platforms including network servers, storage...
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April 14, 2015, 08:01 AM
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Volunteer Energy, a leading Midwestern natural gas supplier, has announced the successful execution of a new secured asset-based credit agreement with a six member bank group led by PNC Bank N.A, and includes JPMorgan Chase Bank N.A., KeyBank N.A....
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April 10, 2015, 07:21 AM
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Republic Business Credit, a commercial finance company specializing in working capital loans up to $10 million to lower and middle-market companies, announced it has been awarded the Emerging Growth Company of the Year award from the Louisiana...
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April 09, 2015, 07:31 AM
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In an effort to help fellow finance companies secure new clients and opportunities, Hitachi Business Finance recently provided asset-based lines of credit to three fellow lenders through its successful Lender Finance program. Lender Finance offers...
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April 08, 2015, 07:28 AM
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Brookridge Funding announces the completion of $3.9 million of purchase order funding facilities for four new clients:The clients were introduced to Brookridge by their factors or asset-based lenders and include:
$2 million for a CA distributor of...
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April 08, 2015, 06:52 AM
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Crestmark secured a total of $6.95 million in financial solutions for nine new clients in the second half of March. The transactions are:
A $250,000 accounts receivable purchase facility was provided on March 16 to a trucking company in...
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April 03, 2015, 07:33 AM
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Wells Fargo Capital Finance announced that it acted as administrative agent on four deals totaling $140 million for healthcare companies including Tender Touch Rehab Services, Life Centers of America, Inc., Cornerstone Health Care, P.A. and Liberty...
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April 01, 2015, 07:13 AM
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Capital One Bank announced it has provided a senior revolving line of credit to LOUD Security Systems. The line of credit will be used to fund growth opportunities including potential acquisitions that match their commitment to customer care along...
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March 27, 2015, 07:46 AM
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SVBusiness Capital announced the issuance of a $1 million revolving line of credit to a California-based solar company. The proceeds were used to refinance existing debt and to support the growing revenue base.As a result of limited financial...
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March 25, 2015, 07:53 AM
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TAB Bank announced the closing of two factoring facilities in Ohio totaling $2.75 million. Each funding represents TAB’s commitment in providing working capital financial solutions to small and medium-sized businesses across the United States.The...
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March 24, 2015, 07:34 AM
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Crestmark secured a total of $10,095,000 in financial solutions for seven new clients in the first half of March. The transactions are:
A $7 million asset-based line of credit was provided on March 2 to a textile wholesaler in California. The...
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March 23, 2015, 07:48 AM
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First Financial Business Capital, a division of First Financial Bank, announces the completion of a $4.6 million deal that includes a revolving line of credit term loan and lease line of credit for an electrical supply company in West Chester...
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March 19, 2015, 07:18 AM
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Coral Capital Solutions, a leading provider of financing solutions to small and middle market businesses, announced they provided a $4.8 million purchase order and factoring facility to an importer and distributor of dried food products. The...
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March 18, 2015, 07:56 AM
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First Financial Business Capital, a division of First Financial Bank, announces the completion of a $11.3 million working capital refinance deal for a heavy duty trucks parts distributor in Indianapolis.First Financial began offering specialty...
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March 10, 2015, 07:44 AM
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Crestmark secured a total of $13.39 million in financial solutions for twelve new clients to finish the month of February. The transactions are:
A $2.7 million SBA term loan facility was provided on February 9 to a hotel management company in...
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March 06, 2015, 07:21 AM
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SVBusiness Capital has announced the issuance of a $1.2MM revolving line of credit and a $300M term loan to a California based staffing company. The proceeds were used to cure a Federal tax lien as well as to support the company's growing base of...
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March 05, 2015, 07:28 AM
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First Financial Business Capital, a division of First Financial Bank, announced the completion of a $2.815 million structured cash-flow credit facility that includes a revolving line of credit and term loan for a metal finishing company in Dayton, OH...
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March 03, 2015, 07:23 AM
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North Mill Capital announced it has closed five recent transactions totaling $29.5 million. They are:A $12 million asset-based line of credit to a retail display manufacturer: A Illinois display manufacturer, to big box retailers, was asked by their...
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March 02, 2015, 09:04 AM
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Coral Capital Solutions announced it provided a $2.4 million factoring facility for the acquisition of a direct mail and fulfillment business in the Northeast. The buyers identified the potential for significant growth in this women-owned business...
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February 25, 2015, 07:29 AM
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Crestmark secured a total of $5.4 million in financial solutions for four new clients in the first half of February. The transactions are:
A $400,000 accounts receivable purchase facility was provided on February 2 to a staffing agency in Maryland...
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February 20, 2015, 07:39 AM
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Presidential Financial, a senior lender which provides working capital, asset-based lending, and term debt, is pleased to announce a recently closed transaction. A line of credit, in the amount of $2 million, was extended to a packaging solutions...
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February 20, 2015, 07:21 AM
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The Commercial Finance Association (CFA) announced that Albert Spada, Managing Director, Head of Asset-Based Lending for Santander, has been elected to the Executive Committee for 2015. The Committee, comprised of key leaders in the commercial...
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February 19, 2015, 07:53 AM
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Crestmark announced the launch their new company website that takes advantage of responsive design technology. The technology allows for a consistent Crestmark brand experience on any device, whether mobile phone, tablet or workstation. The new...
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February 19, 2015, 07:11 AM
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Micron Semiconductor Asia Pte. Ltd. (the “Borrower”), a wholly owned subsidiary of Micron Technology, Inc., entered into a Facility Agreement with The Hongkong and Shanghai Banking Corporation Limited (“HSBC”), DBS Bank, Ltd. (“DBS”), ING Bank N.V....
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February 13, 2015, 07:35 AM
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Aegis Business Credit announced its latest client relationships:Building Materials Fabricator- $1.5 million factoring facilityA Florida based fabricator of exterior trim elements for residential and commercial structures required working capital to...
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February 12, 2015, 07:34 AM
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An Ohio-based commodity products distributor obtained a $1 million asset-based line of credit. The company was in need of a more flexible lending solution. Mackinac was able to step in quickly and offered them a revolving asset based loan on their...
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February 12, 2015, 07:17 AM
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Crestmark secured a total of $14,070,000 in financial solutions for eleven new clients in the month of January. The transactions are:
A $7 million accounts receivable purchase facility was provided on January 8 to a Florida computer hardware and...
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February 11, 2015, 07:04 AM
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Marquette Business Credi announced it recently funded a $6 million working capital line of credit to Variety Distributors, Inc. (VDI).VDI, located in Harlan, IA, is a cooperative based general merchandise distributor of over 25,000 SKU’s to member...
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February 04, 2015, 07:24 AM
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US Capital Partners Inc. has provided a term loan for Braj Bhumi Group Inc., a registered California nonprofit. US Capital Partners is a private investment bank that makes direct debt investments, participates in debt facilities, and arranges equity...
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February 04, 2015, 07:08 AM
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First Financial Business Capital, a division of First Financial Bank, announces the completion of a $15.9 million cash-flow and mezzanine debt financing deal for an Indiana automotive parts manufacturer.First Financial began offering specialty...
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January 29, 2015, 07:31 AM
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Coral Capital Solutions, a leading provider of financing solutions to small and middle market businesses, announced the firm provided a $9 million factoring facility to a provider of contact center and business process outsourcing services based in...
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January 26, 2015, 07:56 AM
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Bibby Financial Services announced the release of a new funding option, FastTrack. FastTrack is available to businesses seeking funds of up to $100,000 at 2.99 percent, which can alleviate day-to-day working capital pressures.Following the upload of...
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January 26, 2015, 07:33 AM
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Allied Affiliated Funding announced the following recently closed transaction:
A $250,000 receivables line for a California-based 3D printer manufacturer. This Funding By Allied enabled this relatively new business to fulfill their existing orders...
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January 20, 2015, 07:31 AM
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Building on momentum from 2014, Bibby Financial Services announces its 2015 giving goal of $100,000 cash and in-kind donations and 1,000 hours of community service work. Last year, the business's U.S. and Canada segments and employees donated tens of...
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January 20, 2015, 07:08 AM
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Presidential Financial, a senior lender which provides working capital, asset-based lending, and term debt, is pleased to announce a recently closed transaction.A line of credit, in the amount of $3 million, was extended to a document solutions...
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January 16, 2015, 07:02 AM
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Salus Capital Partners announced that it has been selected as the Lending Firm of the Year and Kyle C. Shonak, Executive Vice President of Special Assets, has been named Distressed M&A Dealmaker of the Year by The M&A Advisor. The awards will be...
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January 15, 2015, 08:03 AM
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First Growth Capital, a division of First Capital, announced it provided $2.3 million in working capital credit facilities during Q4 2014. The various facilities are collateralized by the clients’ account receivables.
The facilities include $1...
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January 15, 2015, 07:22 AM
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Allied Affiliated Funding announced it has provided a $600,000 receivables line for a Texas-based telecom business that provides cell phone tower maintenance services. The company was unable to receive traditional bank financing due to one of the...
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January 14, 2015, 07:06 AM
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Allied Affiliated Funding is pleased to announced it provided a $1 million receivables financing facility to a Texas-based web software company. The company’s products help secure web sessions from data leakage and protect data. This privately held...
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January 12, 2015, 08:00 AM
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A Michigan-based legal support services company obtained a $2 million asset-based line of credit to support its dynamic sales growth. The firm's community bank could not keep up with the rapid growth rate the company was experiencing. A trusted...
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January 12, 2015, 07:29 AM
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Crestmark secured a total of $23,225,000 in financial solutions for fifteen new clients in the month of December.
A $225,000 SBA term loan facility was provided on December 1 to a Florida insurance agency. The financing will be used for working...
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January 09, 2015, 07:19 AM
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Triumph Bancorp, Inc. announced that it had completed the redemption of all of the outstanding Fixed Rate Cumulative Perpetual Preferred Stock, Series T1 and Series T2 (the "TARP Preferred Stock") issued by its wholly-owned subsidiary, National...
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January 05, 2015, 07:19 AM
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MidCap Business Credit announced it has completed a $3.45 million asset-based credit facility to a commercial printing company located in the Northeast. The credit facility is comprised of a $2.75 million revolving line of credit and a $700 thousand...
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December 22, 2014, 03:03 PM
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First Niagara Commercial Finance, Inc., a subsidiary of First Niagara Bank, N.A., recently closed on a new credit facility for Utica, New York-based R.L.E. Corporation, which goes to market as Casa Import, Atlantic International Products and...
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December 19, 2014, 07:49 AM
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US Capital Partners Inc. has provided a $500,000 bridge loan for Chellino Crane, Inc., headquartered in Joliet, IL. US Capital Partners is a private investment bank that makes direct debt investments, participates in debt facilities, and arranges...
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December 17, 2014, 07:40 AM
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Gibraltar continues a strong season of lending to companies with one common interest: a fresh financing solution. As bank loans remain elusive yet businesses require working capital to evolve, small- and medium-sized companies across the country...
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December 17, 2014, 07:36 AM
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Access Capital has closed a $1 million credit facility to a New York based professional recruitment agency specializing in the placement of candidates in permanent, contract and temporary positions within the financial services industry. The...
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December 16, 2014, 07:16 AM
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North Mill Capital announced five recent transactions. Details of the transactions follow:
$2.5 million accounts receivable credit facility to a full service metal fabricator located in Wisconsin.
$1.5 million accounts receivable and inventory...
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December 16, 2014, 07:03 AM
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CapitalPlus Equity, a factoring company specializing in commercial construction, has provided a revolving factoring facility for $275,000 to a framing contractor in Colorado. CapitalPlus Equity assists construction companies with their cash flow...
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December 16, 2014, 06:42 AM
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Kindred Healthcare, Inc. announced that it has entered into an incremental joinder to increase the available credit capacity from $750 million to $900 million under its senior secured asset-based revolving credit facility (the “ABL Facility”). The...
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December 15, 2014, 07:56 AM
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Fitch Ratings believes that the massive cost cutting plan outlined today by RadioShack is likely not sufficient to forestall a restructuring of the company's debt in the near term. Fitch currently rates RadioShack Corporation's (RadioShack) Long-term...
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December 12, 2014, 07:51 AM
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A trucking company located in Texas has chosen TAB Bank for a $350,000 revolving credit facility. The new facility paid off the company’s previous lender and will be used for their ongoing working capital needs. In addition to the credit facility...
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December 12, 2014, 07:26 AM
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Federal National Commercial Credit announced that John Buanno has joined the company as a senior business development officer in the Florida market. Buanno has spent the last four years working with Bibby Financial Services providing asset-based...
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December 10, 2014, 07:48 AM
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MB Business Capital, a division of MB Financial Bank, N.A.,announced it recently provided a new senior credit facility to Indianapolis, IN based Saran Acquisition, LLC. The company is a provider of industrial finishing and custom processing of...
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December 10, 2014, 07:40 AM
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Mackinac Commercial Credit announced the closing of two transactions in early December. The transactions are: A Michigan based legal support services company obtained a $2 million asset-based line of credit from MCC to support their dramatic sales...
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December 10, 2014, 07:09 AM
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Crestmark secured a total of $11,645,000 in financial solutions for eight new clients in the second half of November. The transactions include:
A $1 million accounts receivable purchase facility was provided on November 17 to a Texas provider of...
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December 09, 2014, 07:33 AM
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Presidential Financial, a senior lender which provides working capital, asset-based lending, and term debt, is pleased to announce a recently closed transaction. A line of credit, in the amount of $8 million, was extended to an infrastructure...
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December 04, 2014, 07:06 AM
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Renasant Business Credit is pleased to announce the closing of a $2 million asset-based revolving line of credit for a wholesaler of food products based in Georgia. The company was expanding their business and was looking for a larger working...
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December 03, 2014, 07:35 AM
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TAB Bank announced it has provided a $4 million flex asset-based credit facility for a transportation company located in North Carolina. Established in 2008, the company is a flatbed hauler that hauls mainly steel, construction materials, and large...
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December 02, 2014, 07:33 AM
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Global law firm Proskauer announced Sandra Lee Montgomery has joined the Los Angeles office as a partner in its Finance Group. Her addition deepens the bench of Proskauer’s nationally recognized Multi-Tranche Finance Group and enhances the firm’s...
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November 26, 2014, 07:53 AM
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Bibby Financial Services announced an innovative new factoring service geared toward Canadian transportation carriers. With this new service, customers can receive advances of up to 95 percent of their invoices with an additional fuel advance.The...
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November 25, 2014, 07:38 AM
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Gibraltar Business Capital recently announced the firm funded four deals in October. Gibraltar’s recent facilities ranged from a half-million dollar factoring line for a niche electrolyte drink maker to a multimillion-dollar asset-based revolving...
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November 21, 2014, 07:47 AM
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Crestmark announced that it closed eitght transactions totaling more than $14 million in the first half of November. The transactions are:
A $2.5 million accounts receivable purchase facility was provided on November 3 to a manufacturer of foam...
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November 21, 2014, 07:33 AM
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Access Capital has closed a $650,000 credit facility to a Connecticut based security software company. The borrower has developed a network app that ensures secure transmissions between a laptop, smart phone or a tablet and another computer. ...
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November 21, 2014, 07:19 AM
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Essex Capital Group announced the closing of a $3.15 million balance sheet recapitalization for a privately-held industrial manufacturing company. As a part of the restructuring, Essex was successful in arranging a comprehensive solution that...
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November 20, 2014, 07:12 AM
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US Capital Partners Inc. has provided a $100,000 term loan scalable to $500,000 for Tora Ventures, headquartered in Calgary, Alberta in Canada. US Capital Partners is a private investment bank that makes direct debt investments, participates in debt...
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November 20, 2014, 07:04 AM
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First Capital, a specialized commercial finance company, announced that it has provided a $15 million asset-based senior credit facility to a manufacturer and distributor of household furnishings. The senior credit facility consists of a $15 million...
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November 19, 2014, 07:31 AM
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Colt Defense LLC. has entered into a new $70 million senior secured term loan facility with Morgan Stanley Senior Funding Inc. Proceeds from the MS Facility will be used to repay all amounts outstanding under the company’s existing term loan...
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November 18, 2014, 09:27 AM
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Salus Capital Partners, LLC, a private commercial finance and asset management company providing senior-secured asset-based loans to the middle market, announced that it was recognized as Lower Mid-Market Lender of the Year at the 2014 Americas M&A...
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November 18, 2014, 08:14 AM
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Salus Capital Partners, LLC, a private commercial finance and asset management company providing senior-secured asset-based loans to the middle market, celebrates its third anniversary this month.Established in November 2011 as a subsidiary of...
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November 12, 2014, 07:54 AM
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Crestmark secured a total of $10.669 million in financial solutions for six new clients in the second half of October.
On October 17, a $3,919,000 asset-based line of credit and equipment term loan was provided to a Michigan automotive parts...
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November 07, 2014, 07:19 AM
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TAB Bank announced it has provided a $4 million Flex Asset-Based credit facility for a manufacturing company located in California. The company is a manufacturer and supplier of imaging support products and accessories for wholesale and retail image...
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November 05, 2014, 07:39 AM
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Priming for a year of expected growth, Bibby Financial Services hires Tom Whatley as senior risk officer. Whatley previously served as Southeast Regional Director at House of Adjustments, Inc. and worked in SunTrust Bank's Factoring Division for more...
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November 04, 2014, 07:44 AM
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First Capital, a commercial finance company with a national presence, announced it has originated 12 deals with $62 million of new credit lines in Q3 2014 bringing the year’s total to $180 million. Working capital lines of credit were extended to...
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October 29, 2014, 07:15 AM
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Marquette Business Credit, Inc. is pleased to announce it recently funded a $7.4 million accounts receivable revolver and equipment term loan to a returns management and reverse logistics service provider. Their services include logistics, repairs...
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October 29, 2014, 07:01 AM
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Presidential Financial, a senior lender which provides working capital, asset-based lending, and term debt, announced a recently closed accounts receivable and inventory credit facility, in the amount of $3 million. The facility was extended to a...
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October 28, 2014, 07:16 AM
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Crestmark secured a total of $7,397,200 in financial solutions for seven new clients in the first half of October. The transactions include:
A $622,500 SBA term loan was provided to an independent insurance agent in Texas for acquisition...
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October 24, 2014, 07:04 AM
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Rabin Worldwide, a San Francisco based company and a leader for the disposition of food manufacturing facilities, will conduct a public auction of the remaining assets at the former Dobake bakery plant in Oakland, CA.Dobake Bakeries Inc. has been a...
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October 20, 2014, 06:51 AM
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In a press release, Gibraltar Business Capital announced recent examples of how the firm's asset-based debt structures can work for private equity group-backed purchases, recapitalizations, sales or turnarounds of all types of small- to medium-sized...
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October 17, 2014, 07:39 AM
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Presidential Financial, a senior lender which provides working capital, asset-based lending, and term debt, is pleased to announce that it has provided a $20 million credit facility for an existing industrial client in the Southeast.Founded in 1981...
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October 17, 2014, 07:04 AM
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MB Business Capital, a division of MB Financial Bank, N.A., announced it has provided a $7.37 million senior credit facility for Wexco Incorporated and its operating subsidiaries, Fox Pool Corporation and Marquis Corp.“We are happy to partner with MB...
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October 16, 2014, 07:47 AM
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TAB Bank announced it has provided a $3.5 million asset-based revolving credit facility for a metal forging company located in Texas. The company forges and machines aluminum and steel into mission critical aircraft components for the aerospace...
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October 16, 2014, 07:33 AM
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First Capital, a specialized commercial finance company, announced that it has provided a $4 million asset-based senior credit facility to a provider of IT staffing personnel. The senior credit facility consists of a $4 million working capital...
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October 15, 2014, 07:42 AM
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Allied Affiliated Funding announced the following recently closed transaction:A $5 million receivables line including a $500,000 purchase order facility to a Pennsylvania-based food manufacturer. Acquired in 2012, the majority owner has injected a...
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October 15, 2014, 07:21 AM
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CapitalPlus Equity, a factoring company specializing in commercial construction, has provided a revolving factoring facility for $915,000 to a general contractor doing work for commercial clients located in the Northeast. CapitalPlus Equity has also...
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October 14, 2014, 07:03 AM
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Allied Affiliated Funding is pleased to announce the following recently closed transaction: A $10,000,000 receivables financing facility that closed and funded within one week of sending out the proposal letter for a full service oil and gas...
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October 13, 2014, 08:01 AM
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Access Capital has closed a $1 million credit facility comprised of a revolver of $750,000 against accounts receivable and a term loan of $250,000. The new borrower is a California based company that provides technical and IT staff augment solutions...
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October 13, 2014, 07:22 AM
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The Commercial Finance Association (CFA) elected Thomas Greco to serve on its Executive Committee for fiscal year 2015. Tom and the other existing and newly elected board members comprised of key leaders in the commercial finance industry will guide...
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October 08, 2014, 07:43 AM
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Essex Capital Group, Inc. announced the closing of a $6.75 millon debt recapitalization for Century Everglades, LLC, a privately-held building products manufacturer and distributor based in Homestead, Florida. As a part of the restructuring, Essex...
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October 08, 2014, 07:17 AM
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Crestmark secured a total of $14,980,600 in financial solutions for nine new clients in the month of September.
The deals include:
On September 2, a $2 million ledgered line of credit was provided to a metal fabricator in Michigan to pay off a...
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October 06, 2014, 09:02 AM
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TCF Capital Funding ("TCFCF"), the Chicago-based cash flow and asset-based lending division of TCF National Bank (“TCF Bank”), announced that it provided financing to support Gemini and Hermitage’s investment in Bonded Filter Co. (“Bonded Filter” or...
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October 06, 2014, 07:44 AM
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RadioShack Corporation announced that it has entered into definitive agreements to restructure a portion of its existing debt, providing additional near-term liquidity and serving as a first step in a stronger foundation for the Company's continued...
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October 06, 2014, 07:28 AM
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Stricter banking regulations are creating new opportunities for non-bank providers of asset-based lending services to small and mid-sized businesses, according to a new market commentary by Old Hill Partners. As regulators are forcing banks to...
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October 03, 2014, 07:27 AM
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Crestmark announced that they have acquired TIP Capital’s equipment leasing and asset management business. The wholly owned subsidiary of Crestmark Bank is named Crestmark Equipment Finance, Inc., a Crestmark Bank Company; however during a transition...
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October 02, 2014, 08:02 AM
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Coral Capital Solutions provided a $1.2 million purchase order and factoring facility to an importer of tequila, rum and whiskey based in California. The facility empowers the company to pursue new distribution opportunities and provides support for...
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October 02, 2014, 07:18 AM
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Marquette Business Credit announced it has provided a $6 million revolving line of credit secured by accounts receivable and inventory to The Industrial Group, LLC to refinance its existing line of credit and to support its continued growth. The...
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October 01, 2014, 07:24 AM
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GemCap has funded a $9.8 million term loan to a manufacturer of machined components for commercial and military aerospace programs."The facility was used to refinance the company's existing term loan and provide additional working capital needed to...
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September 30, 2014, 07:23 AM
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Marquette Business Credit, Inc. recently funded a $3 million senior working capital line of credit to a portfolio company of Blue Wolf Capital. The facility will provide future working capital requirements for the borrower as it continues to grow. ...
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September 23, 2014, 07:53 AM
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Presidential Financial, a senior lender which provides working capital, asset-based lending, and term debt, is pleased to announce a recently closed transaction.Presidential provided a $3 million Accounts Receivable and Inventory credit facility has...
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September 23, 2014, 07:15 AM
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First Capital announced that it has provided a $7 million asset-based senior credit facility to a manufacturer of stand-up paddleboards and surf accessories. The senior credit facility consists of a $7 million working capital revolver collateralized...
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September 18, 2014, 06:09 AM
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Tom Greco, CEO of Hilco Valuation Services announced the opening of a new valuation services office that will be located in Sydney, Australia. This new office will be led by Brendan Smyth, a Hilco Valuation Services veteran who has been with the...
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September 18, 2014, 06:05 AM
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Gibraltar recently completed two deals designed for companies that needed additional flexibility within their lines of credit. By transitioning these companies from the bank to Gibraltar’s more creative, accommodating lending facilities, our goal is...
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September 17, 2014, 07:43 AM
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Bayside Business Solutions announced today the latest release of its industry-leading commercial portfolio management system, CADENCE. Version 3.0.5 of CADENCE includes many new features for asset-based lenders, including two new collaterals: Bulk...
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September 15, 2014, 07:50 AM
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Yelton Capital Network announced it arranged a $3 million asset-based revolving credit facility for a Southeast based manufacturer of outdoor products. The company had outgrown its bank line and needed capital for growth and expansion. The company...
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September 15, 2014, 07:32 AM
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Hitachi Business Finance, a division of Hitachi Capital America Corp., announced that the company recently completed $11.2 million in financing solutions for growing companies. Of the deals, Hitachi Business Finance provided a $1 million A/R...
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September 12, 2014, 02:32 PM
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Entaire Global Companies, Inc. (Entaire) a leader in the specialty asset-based lending market, announced the closing of a five-year, $45 million term funding facility with a major U.S. bank. This transaction represents the first in a series of term...
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September 12, 2014, 07:09 AM
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TAB Bank announced it has provided a $2.8 million revolving credit facility for a transportation company located in the Midwest. The company is a full-service, asset-based logistics provider. The company provides service in all of the lower 48...
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September 11, 2014, 07:13 AM
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First Growth Capital, a division of First Capital, announced today that it has provided $3.8 million in working capital credit facilities during the months of July and August. The various facilities are collateralized by the clients’ account...
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September 10, 2014, 07:23 AM
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Brookridge Funding announces the completion of $3.8 million of funding facilities for four new clients. The clients were introduced to Brookridge by their factors or asset-based lenders and include:
$3 million for a NJ distributor of cleaning...
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September 09, 2014, 06:42 AM
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White Pine Trading LLC, one of the world’s largest recycled diamond and jewelry companies, announced that it has purchased a large inventory of high-quality jewelry from the recently liquidated, St. Louis-based, Bauman-Massa Jewelry Co. This...
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September 04, 2014, 07:02 AM
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Crystal Financial LLC, an independent commercial finance company, announced the closing of a $30.0 million Senior Term Loan for Brake Parts Inc LLC (“BPI”). Headquartered in Illinois, BPI is a leading provider of brake parts and systems for the...
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September 03, 2014, 07:33 AM
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CapitalPlus Equity, a factoring company specializing in commercial construction, has provided a factoring facility for $125,000/month to a masonry and stucco subcontractor doing work for commercial clients located in the South Central U.S. The...
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September 02, 2014, 07:02 AM
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Banjo & Matilda, Inc., an emerging Australian fashion lifestyle brand announced that it has entered into a $1.5 million trade facility with Sallyport Commercial Finance, a factoring and asset-based lending company. Banjo & Matilda will be able to...
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August 28, 2014, 07:31 AM
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Republic Business Credit announced today that it has provided a $3.5 million accounts receivable facility to a fast growing Midwest based temporary staffing business specializing in the automotive sector. The business was previously constrained by...
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August 26, 2014, 07:34 AM
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Federal National Commercial Credit recently announced it closed a $6 million asset-based credit facility for an expanding Southeast courier service. The company had recently won a substantial contract with a major dot.com retailer and needed...
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August 25, 2014, 07:32 AM
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Renasant Business Credit announced the funding of a $7 million asset-based revolving line of credit for an importer/distributor based in Georgia. The borrower had executed a turnaround plan and was ready to graduate to a more relationship oriented...
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August 20, 2014, 07:31 AM
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Republic Business Credit announced it is supporting a Southwest based energy sector fabrication and repair service business with a $4 million accounts receivable facility to foster the company’s continuing growth.The business had a long term banking...
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August 20, 2014, 07:14 AM
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Wilson Sonsini Goodrich & Rosati, a provider of legal services to technology, life sciences, and growth enterprises worldwide, announced that Benjamin Hoch has become a partner at the firm. Formerly the chair of Covington & Burling's bankruptcy and...
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August 15, 2014, 07:16 AM
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GE Capital, Corporate Retail Finance announced it is providing financing to C&K Markets, an independent regional supermarket chain. The funding will be used to support the company’s operations and expected growth as it implements a new customer...
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August 14, 2014, 07:23 AM
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First Capital provided an $8 million asset-based credit facility to Geneva Pipe and Precast, a manufacturer of concrete pipe and concrete cast solutions. The senior credit facility consists of a $4.5 million working capital revolver secured by...
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August 13, 2014, 07:48 AM
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Republic Business Credit announced it provided a $2.5 million working capital facility to a growing Southeastern energy sector technical and engineering services business. The business was looking at many opportunities to expand its services and was...
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August 12, 2014, 07:26 AM
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KatsofFinancial, an asset-based lender is all set to provide top of the line lending service and assistance to entrepreneurs and businesses worldwide. The launch of the new lending platform comes at a time when the asset-based lending market recorded...
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August 12, 2014, 07:13 AM
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North Mill Capital LLC announced the funding of a $3 Million factoring facility to a printing company located in Wisconsin. Funds were used to pay down the current bank and provide additional working capital for future growth. North Mill Capital LLC...
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August 06, 2014, 07:00 AM
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Crestmark secured a total of $12.2 million in financial solutions for eight new clients in the month of July. The deals include:
On July 1, a $500,000 accounts receivable purchase facility was provided to a container distributor in Indiana. The...
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August 05, 2014, 07:26 AM
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Allied Affiliated Funding is pleased to announce the following recently closed transaction: A $7.5 million ledgered asset-based loan facility including a $250,000 inventory loan and a $500,000 equipment loan to a printing and direct mail company. The...
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August 04, 2014, 07:26 AM
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Access Capital has closed a $2 million credit line to a woman-owned enterprise based in New Jersey. The borrower works with government and corporate clients to provide healthcare, IT, and telecommunications personnel. The company opened its doors...
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August 01, 2014, 07:04 AM
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GemCap entered into an agreement for a $4 million revolver against inventory to a Frozen Food Distributor in California. The facility allowed for refinancing and provided the company working capital for growth and expansion. “We finance many types...
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July 31, 2014, 07:03 AM
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Bibby Financial Services announced that it has funded a $2 million factoring facility for an Atlanta-based distributor. The company, which sells inflatable illuminated balloons in a range of sizes, distributes to a variety of large retailers based in...
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July 24, 2014, 07:14 AM
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MidCap Business Credit announced it has completed a $4 million asset-based line of credit to a distributor of food service, work place safety, and janitorial supplies headquartered in the Mid-Atlantic Region. The revolving line of credit is...
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July 23, 2014, 07:17 AM
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GemCap announced the funding of a $5.9 million senior facility to a manufacturer of orthodontic products and supplies. The facility is comprised of a term loan secured by machinery and equipment and a revolver against account receivables and...
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July 23, 2014, 07:07 AM
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Brookridge Funding announces the completion of $4.05 million of funding facilities for five new clients. The clients were introduced to Brookridge by their factors or asset-based lenders and include:
$1.5 million for an Minnesota-based importer of...
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July 23, 2014, 06:44 AM
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Presidential Financial, a senior lender which provides working capital, asset-based lending, and term debt, announced a recently closed transaction.The transaction is a $4.5 million accounts receivable and inventory credit facility was extended to a...
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July 22, 2014, 07:49 AM
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Bayside Business Solutions, Inc. announced that Great Lakes Business Credit has implemented the CADENCE Live Portfolio Management Platform to support its diverse portfolio of flexible lending products. Great Lakes Business Credit utilizes a variety...
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July 22, 2014, 07:42 AM
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North Mill Capital LLC announced the funding of a $1 million accounts receivable and inventory credit facility to a distributor of souvenirs located in Massachusetts. Funds were utilized to pay out existing lenderand to provide working capital for...
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July 22, 2014, 07:09 AM
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Crossroads Financial announced that it has provided an $800,000 inventory line of credit for the benefit of a sporting goods manufacturer and distributor. Faced with seasonal challenges, high growth, and Inventory requirements exceeding traditional...
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July 21, 2014, 07:31 AM
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With funding completed this week, Legacy Electronics announced a new partnership with Gibraltar Business Capital for a new Legacy line of credit that will help fund the company’s planned growth and an expansion of the memory module and computer...
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July 18, 2014, 07:47 AM
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Avidbank Corporate Finance, a division of Avidbank that specializes in technology and asset-based funding, has provided Panasas, Inc. a $10 million working capital line of credit.Panasas, Inc., located in Sunnyvale, CA, is the premier provider of...
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July 17, 2014, 07:48 AM
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First Growth Capital, a division of First Capital, announced it has provided $5.5 million in working capital credit facilities during the months of May-June. The various facilities are collateralized by the client’s account receivables and inventory....
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July 16, 2014, 07:19 AM
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Thermo Credit, LLC, a funding company focused on the communications industry, has funded a loan facility to T&D Trenchless, a provider of trenchless installation services of utilities and pipelines.
Established in 2001, California-based T&D focuses...
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July 16, 2014, 06:49 AM
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Mackinac Commercial Credit closed three transactions in June totaling $3.6 million. Details of the deals include:
A Michigan based manufacturer of polyethylene products funded a $2,500,000 ABL line of credit supported by accounts receivable and...
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July 15, 2014, 07:36 AM
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North Mill Capital LLC announced the funding of a $5 million factoring credit facility to a company that distributes electronics to big box stores and is located in Minnesota. This is a start-up by management that had been in the industry. The...
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July 15, 2014, 07:11 AM
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Thermo Credit, LLC, a financial services provider specializing in the communications industry, announces its facilitation in the asset auction of the telecommunications provider IBFA Acquisitions, LLC.The assets are to include IBFA’s...
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July 14, 2014, 07:08 AM
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Allied Affiliated Funding is pleased to announce the following recently closed transaction: An $8 million ledgered asset-based loan facility including a $500,000 inventory loan to a computer technology distributor. The company had been financed in...
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July 11, 2014, 07:28 AM
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Crestmark secured a total of $5.5 million in financial solutions for six new clients in the second half of June. The transactions include:
On June 16, a $2,500,000 ledgered line of credit was provided to a paving company in Virginia. The funds...
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July 11, 2014, 07:18 AM
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Renasant Business Credit announced the funding of a $4.5 million asset-based revolving line of credit for a company based in Georgia serving the needs of utility companies throughout the South and Mid-Atlantic regions. The borrower was able to...
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July 10, 2014, 07:31 AM
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Speed Commerce, Inc. has completed the asset sale of its legacy distribution business segment to WYNIT Distribution, LLC, a leading national wholesale distributor of products from the top national brands in a number of industries.The divestiture...
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July 10, 2014, 07:13 AM
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North Mill Capital LLC announced the following transaction closings:
A $250,000 factoring facility to a company that provides fulfillment, warehousing and inventory management services and is located in Minnesota
A $250,000 accounts receivable...
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July 10, 2014, 07:08 AM
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Salus Capital Partners announced it was awarded the Manufacturing Deal of the Year (under $75 million) Award for providing a Debtor-in-Possession (DIP) facility to National Envelope. Salus received the recognition at the 4th Annual ACG NY Champion’s...
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July 09, 2014, 07:49 AM
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Celtic Bank announced that it recently funded a PACE bond with Los Angeles County in the amount of $6.68MM for the New Constance Hotel located in Pasadena, California. Funds for the New Constance Hotel will be used to install energy efficient...
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July 08, 2014, 07:19 AM
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Salus Capital Partners, LLC, announced it has agented a $49 million senior-secured debtor-in-possession (DIP) facility to Kid Brands, Inc. Sterling National Bank is a participating lender in the DIP facility.Kid Brands, Inc., together with its...
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July 03, 2014, 07:24 AM
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North Mill Capital announced the funding of a $5 million accounts receivable and inventory credit facility and a $1 million term loan to a designer and manufacturer of medical instruments located in New Jersey. Funds were used to pay out current...
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July 01, 2014, 07:01 AM
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Tembec (the "Company") announced that it has successfully amended its asset-based secured revolving credit facility with GE Capital and CIBC (the "Lenders). The amending agreement provides the Company with additional flexibility through a $15 million...
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June 27, 2014, 07:24 AM
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Otterbourg P.C. announced that Jeffrey Rosenthal and Thomas Duignan joined the firm as members in the banking and finance group. Rosenthal and Duignan will also coordinate extensively with the firm’s workout, distressed debt and insolvency practice...
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June 26, 2014, 07:06 AM
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ClearFlow announce that the receivables financing division of Maxium Financial Services has been purchased and incorporated into a significant new ABL company, ClearFlow Commercial Finance Corp. The existing management team of Sandy Kanichis and...
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June 25, 2014, 07:19 AM
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Hitachi Business Finance, a division of Hitachi Capital America Corp., announced the company completed $3.2 million in accounts receivable financing in the past two months. Of the deals, Hitachi Business Finance provided a staffing firm in Virginia...
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June 25, 2014, 07:13 AM
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Celtic Bank announced that Richard Gaetano has been hired as Vice President of Business Development in the bank's SBA and Commercial Lending Department. He will be based in Southbury, CT.Gaetano is a 12-year veteran in the finance and banking...
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June 25, 2014, 06:53 AM
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Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. has expanded its Corporate and Securities practice with the addition of debt financing specialist Joseph W. Price, a former partner at Kirkland & Ellis, who joins as a Member based in New York.Price...
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June 24, 2014, 07:12 AM
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Renasant Business Credit announed the funding of a $3 million asset-based revolving line of credit for an electrical and industrial wholesale distribution supply company based in Georgia. The borrower was able to significantly increase their loan...
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June 20, 2014, 09:12 AM
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Crestmark announced it closed three recent deals totaling nearly $3.75 million in the first half of June. The deals are:
On June 3, a $1.5 million traditional factoring facility was provided to a California manufacturer and distributor of women’s...
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June 20, 2014, 06:52 AM
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Great American Group, Inc. and B. Riley & Co., LLC announced the completion of their previously announced strategic combination, creating a uniquely positioned investment banking and financial services firm.The terms of the transaction provide for...
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June 19, 2014, 07:29 AM
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Focus Lenders Services Group, LLC has added additional field examiners based both on the East and West Coasts. Based in the New York area, Michael Ferrelli has been involved in all different facets of the banking industry including asset-based...
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June 18, 2014, 07:06 AM
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Salus Capital Partners, LLC is pleased to announce that Andrew H. Moser, President and CEO, received the prestigous EY Entrepreneur Of The Year™ 2014 Award for the Financial Services category in the New England Region. The program recognizes...
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June 17, 2014, 07:46 AM
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Alliance Business Lending, LLC., a privately held provider of asset-based loans in the Midwest, and ABLSoft, Inc., a leading provider of 100% Web asset-based lending software, announces the successful integration of Alliance’s asset based lending...
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June 10, 2014, 07:13 AM
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MidCap Business Credit announced that it has completed a $3.5 million asset-based credit facility to Smart Chemical Services, headquartered in Amarillo, TX. Smart Chemical Services is chemical provider serving the oil and gas industries. The...
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June 09, 2014, 07:46 AM
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Crestmark secured a total of $9.275MM in financial solutions for five new clients in the second half of May. The transactions include:
On May 21, a $7.2 million asset-based lending facility was provided to a staffing company in Texas.
A $300,000...
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June 06, 2014, 07:26 AM
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A Michigan-based manufacturer of polyethylene products had expanded sales rapidly with mixed bottom line results. The firm’s bank became uncomfortable with the growth and was reluctant to expand their credit line.
Mackinac was called in and met with...
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June 06, 2014, 07:17 AM
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First Capital, a national commercial finance company, announced it has provided a $12 million revolving line of credit to Neopart, LLC, a leading aftermarket parts distributor for transit and over-the-road coaches. The senior credit facility consists...
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June 03, 2014, 07:36 AM
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US Capital Partners, LLC has been engaged by Midwest BioEnergy, Ltd. as its strategic advisor in the raising of debt and equity project financing of up to $100 million. The financing will include an initial $10 million in corporate financing and up...
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May 21, 2014, 07:34 AM
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An Ohio based nano-technology firm was trying to complete a merger and was not getting the service they expected from their current bank relationship. Mackinac Commercial Credit was called in by their trusted advisor to take a look. The Mackinac team...
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May 20, 2014, 07:16 AM
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GemCap announced the opening of a new office location in Columbus, OH, that will be managed by Jim Thieken, Executive Vice President at GemCap.
“Having a mid-west office is part of our strategic growth plan”, says David Ellis, Co-President. “We are...
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May 15, 2014, 07:21 AM
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Coral Capital Solutions announced they provided an $8 million factoring facility to an early stage distributor of Nutrihealth and wellness products. The facility will allow the Florida-based company to expand their sales in the United States.The...
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May 14, 2014, 07:22 AM
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After several years of slow growth, middle-market furniture executives are feeling more optimistic about the future of their sector. According to Jon Lucas, President of CIT Commercial Services, and Mike Hudgens, Southeast Regional Manager of CIT...
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May 13, 2014, 07:11 AM
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US Capital Partners, LLC has provided a $1.5 million credit facility for November Research Group, LLC (“November Research”), headquartered in Oakland, CA. “We are extremely pleased with this well-structured debt financing, which is designed to...
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May 07, 2014, 07:23 AM
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Crestmark secured a total of $11,763,500 in financial solutions for six new clients in the final two weeks of April.
On April 19, a $500,000 accounts receivable purchase facility was provided to a manufacturer of nutritional products located in...
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May 06, 2014, 07:11 AM
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Finacity Corporation announced that it has recently facilitated new asset-based loan ("ABL") facilities for the U.S. affiliates of two of its international corporate clients. The first transaction is a $17 million, three-year borrowing base credit...
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May 02, 2014, 07:23 AM
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Commercial lending industry veteran Barry Yelton today announced the formation of Yelton Capital Network, LLC. "We wanted to leverage almost forty years of experience and literally thousands of financial connections all across the country to bring to...
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May 01, 2014, 07:09 AM
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An Ohio based nano-technology firm was trying to complete a merger and was not getting the service they expected from their current bank relationship. Mackinac Commercial Credit was called in by their trusted advisor to take a look.
The Mackinac...
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April 30, 2014, 07:07 AM
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Amerisource announced that it closed and funded a $2 million credit facility for a manufacturer of fire-resistant textiles and plastics based in North Carolina. Proceeds of the facility were used for ongoing working capital needs. The company’s...
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April 28, 2014, 07:28 AM
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First Growth Capital, a division of First Capital, announced today that it has provided $5.2 million in working capital credit facilities. The various facilities are collateralized by the client’s account receivables and inventory.
The companies...
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April 25, 2014, 07:39 AM
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Coral Capital Solutions announced they provided a $3 million purchase order and factoring facility to a startup designer and manufacturer of consumer products. The facility will allow the New York-based company to launch their sales in the United...
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April 23, 2014, 07:37 AM
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First Capital announced it has provided a $7 million asset-based credit facility to Don Rose Oil Co. Inc, a distributor of oil, propane and gas. The senior credit facility consists of a working capital revolver secured by accounts receivable and...
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April 17, 2014, 07:47 AM
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Small Business Development Group, Inc. announced that it has signed a term sheet for $3.5 million with Marquette Business Credit, Inc., an asset-based lender, to fund the growth of Production Partners Chemical Inc. This new credit facility is an...
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April 16, 2014, 07:39 AM
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Together with the effort of the Azadian Group, Gerber Finance Inc. funded a $3 million line of credit funding to System Freight, Inc.
System Freight, Inc. (“SFI”), founded in 1975 by late James LaMarca is a specialized truckload carrier that...
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April 11, 2014, 07:29 AM
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Access Capital has provided a credit facility of $2.75 million to a family owned New Jersey-based manufacturer, filler and packager of consumer products serving customers that are leading brands in the retail, health & beauty aid, and cosmetic...
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April 09, 2014, 07:31 AM
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Keltic Financial Services announced the recent funding of a $2 million senior secured revolving line of credit for United Utilities. The company, headquartered in Smyrna, TN, is the exclusive distributor of Badger Meter water metering products plus...
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April 09, 2014, 07:15 AM
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Crestmark secured a total of $4,750,000 in financial solutions for three new clients in final two weeks of March. They are:
On March 19 a $1.5 million asset based lending facility was provided to a supplier of LED light bulbs in Michigan. The...
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April 03, 2014, 07:29 AM
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GemCap announced a $1.0 million term loan to a developer and manufacturer of medical devices. The loan is based against the company’s machinery and equipment.
“The company is pre-revenue and this loan is an important part of funding the research...
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April 03, 2014, 07:12 AM
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Brookridge Funding announces the completion of $1.4 million of funding facilities for three new clients. The clients were introduced to Brookridge by their factors or asset-based lenders and include:
$1 million for a CA importer of audio...
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April 01, 2014, 07:04 AM
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Amerisource announced that it closed and funded a $1 million revolving credit facility for a provider of containment, sorting, repair and inspection services to the automotive and consumer products industries. Proceeds of the facility were used for...
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March 28, 2014, 07:14 AM
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Keltic Financial Services announces the recent funding of a $2.75 million senior secured revolving line of credit for Utility Metering Solutions, Inc. The company, headquartered in Hampstead, NC, is an exclusive distributor of Badger Meter water...
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March 27, 2014, 07:24 AM
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A fishing tackle manufacturing company located in the Southeast has chosen TAB Bank for a $750 thousand revolving credit facility. The company manufactures and distributes many types of lures including spinner baits, buzz baits, jig heads, balsa...
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March 27, 2014, 07:04 AM
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BBVA Compass’ Asset-Based Lending group announced it was sole lead arranger and administrative agent for a $60 million senior credit facility to Midland-based WTG Fuels Inc., which distributes fuel and propane and owns and operates 22 convenience...
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March 26, 2014, 07:21 AM
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Bayside Capital announced that its portfolio company, JW Resources, Inc. (“JW Resources”), through its newly-formed subsidiary Middlesboro Mining, Inc. (“Middlesboro”), has completed the acquisition of the coal mining operations of Appolo Fuels...
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March 24, 2014, 07:24 AM
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Amerisource announced that it closed and funded a $2 million revolving credit facility for an oil and gas field services provider based in Texas. Proceeds of the facility were used to refinance the company’s existing bank line and to provide...
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March 21, 2014, 07:22 AM
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Keltic Financial Services announced the recent funding of a $2 million senior secured revolving line of credit to Hardwick Clothes. Hardwick, in business since 1880, continues to prevail as the oldest, privately-held American owned tailored clothing...
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March 20, 2014, 07:27 AM
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Crestmark secured a total of $2.5 million in financial solutions for three new clients in first two weeks of March. The transactions are:
On March 7 a $500,000 accounts receivable purchase facility was provided to an oilfield services and trucking...
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March 19, 2014, 07:46 AM
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Celtic Bank Corporation, a leading provider of asset-based loans and factoring services, and ABLSoft, Inc., a leading provider of 100% Web asset-based lending software, announces the successful completion of a system conversion of Celtic Bank’s asset...
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March 19, 2014, 07:34 AM
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The Porter Capital Group, headquartered in Birmingham, AL, announced recent additions to the Porter Capital Corporation team and recent promotions within Porter Capital Corporation and Porter Billing Services. Porter Capital Corporation provides...
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March 18, 2014, 04:07 PM
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Marquette Business Credit recently provided The Hibbert Group with a $4 million line of credit. The Hibbert Group, headquartered in Trenton, NJ, provides comprehensive marketing services including fulfillment, literature and premium distribution...
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March 18, 2014, 07:18 AM
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GemCap funded a $5 million revolver to support the growth of a buy-here/pay-here auto dealership. The dealership has experienced steady growth over the last several years and needed a new facility to support its trajectory.
“This is an important...
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March 14, 2014, 07:36 AM
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FGI closed a record number of deals in the second half of 2013. The 60 deals that closed showcase the various services FGI provides to help small and mid-market companies grow their businesses, including helping clients secure working capital...
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March 14, 2014, 07:28 AM
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PNC Bank announced the closing of a $50 million asset-based loan for Hamilton Metals, Inc. The transaction also includes capital markets and foreign exchange services. Based in Houston, TX, the company is using the funds to refinance existing debt...
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March 13, 2014, 07:28 AM
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Marquette Business Credit announced it funded a $3 million asset-based revolving line of credit and capital expenditure facility for Girard Environmental Services. Girard Environmental Services was co-founded in 1998 by brothers, Rick and Randy...
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March 11, 2014, 07:43 AM
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Crestmark secured a total of $14.7 million in financial solutions for seven new clients in February.
The transactions include:
A $1 million ledgered line of credit was provided on February 6 to a digital formatting and recording company located...
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March 06, 2014, 07:07 AM
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First Capital announced it originated 31 deals with over $225 million of new credit lines in 2013. New client relationships were established in key market across the U.S. First Capital has market offices in New York, Los Angeles, Atlanta, Chicago...
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March 05, 2014, 07:56 AM
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Gibraltar Business Capital announced that it has closed on a $3.5 million asset-based loan to Bills Khakis, the leading designer and manufacturer of premium men’s sportswear and accessories, based in Reading, PA. The company intends to use this new...
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March 04, 2014, 07:13 AM
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Presidential Financial, a senior lender which provides working capital, asset-based lending, term debt and SBA financing, is pleased to announce a few of the firm's recently closed transactions.
A $7 million Accounts Receivable, Inventory, and Cap...
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March 04, 2014, 07:06 AM
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Access Capital has closed a $1.5 million three year term loan to a wholesaler and e-retailer of portable heating, portable cooling, air purifying units and vacuum products and parts. The borrower’s parent is based in Canada whose US subsidiary sells...
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February 28, 2014, 07:18 AM
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TAB Bank announced it has provided a $2 million revolving credit facility for a sports apparel company located in California. The company produces, markets, and distributes skate and lifestyle shoes, apparel, and accessories. The new facility is...
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February 27, 2014, 07:14 AM
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Avidbank Corporate Finance, a Division of Avidbank that specializes in technology and asset-based funding, has provided November Research Group, LLC, $1.5 million in various senior debt facilities. These facilities will be used to help the company...
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February 27, 2014, 06:58 AM
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PNC Bank, N.A., a member of The PNC Financial Services Group, announced the closing of a $50 million asset-based loan for United Road Services, a portfolio company of Charlesbank Capital Partners, LLC. The transaction also includes treasury...
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February 18, 2014, 08:03 AM
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Salus Capital Partners, LLC, a private commercial finance company providing senior-secured asset-based loans to the middle market, is pleased to announce key highlights from an active 2013.
Since its inception in November 2011, Salus has provided...
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February 14, 2014, 07:27 AM
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Diamond Business Credit is pleased to announce that it recently funded a $100,000 line of credit to a start-up New England based manufacturer and contract assembly company.
The founder of this business worked for many years for a similar business...
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February 14, 2014, 07:14 AM
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First Capital announced that it has provided a $6 million asset-based senior credit facility to a distributor of electronics components. The new facility consists of a $6 million working capital revolver collateralized by accounts receivable and...
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February 12, 2014, 07:46 AM
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GemCap is pleased to announce the addition of Jim Thieken as Executive Vice President and Annie O’Connor as Accountant.
Thieken brings 23 years of experience in mergers, acquisitions, and divestitures in retail, wholesale and manufacturing...
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February 07, 2014, 07:56 AM
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Salus Capital Partners, LLC, will be honored for its work at the 8th Annual M&A Advisor Turnaround Awards. The Debtor-in-Possession financing of National Envelope was named Restructuring Deal of the Year (Over $50mm to $100mm) and the Chapter 11...
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February 06, 2014, 07:26 AM
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Crestmark secured a total of $7.55 million in financial solutions for four new clients in January.
On January 3, a $400,000 equipment term loan was provided to a Texas manufacturer of cable trays and support systems for the purchase of new...
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February 06, 2014, 07:11 AM
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GemCap announced it finished 2013 with $10.60 million in credit facilities, including:
$1.5 million term loan against machinery and equipment to a manufacturer of parts for the automobile industry. The facility provided bankruptcy exit...
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February 05, 2014, 07:29 AM
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Access Capital has provided a $1 million line of credit to a New York City based company that provides recruitment consulting services. The new borrower specializes in placing digital media, accounting and financial professionals and is led by a...
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February 05, 2014, 07:16 AM
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Concord Financial advised on the folloing transaction:
A specialized, electronic, contract Manufacturer was seeking to refinance its existing senior credit facilities. The company was underserved by its current Bank who was not providing sufficient...
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February 05, 2014, 07:06 AM
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Renasant Business Credit, the asset based lending division of Renasant Bank, and Bayside Business Solutions, Inc., a leading developer of commercial portfolio management software, announced that Renasant has successfully implemented Bayside’s CADENCE...
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February 04, 2014, 07:36 AM
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A. M. Castle & Co., a global distributor of specialty metal and plastic products, value-added services and supply chain solutions, announced it has increased its asset-based revolving credit facility from $100 million to $125 million. The increased...
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January 23, 2014, 07:11 AM
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Amerisource announced the closing and funding of a $5 million revolving credit facility for a transportation and logistics company headquartered in California.
This growing company has experienced tremendous growth with a Fortune 100 customer base...
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January 21, 2014, 07:17 AM
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Thomson Reuters Loan Pricing Corporation's U.S. Lender Law Firm League Table has ranked McGuireWoods third in number of deals with 165 transactions completed in 2013. The firm also advanced to sixth place in overall dollar volume at $87,174,133,559...
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January 20, 2014, 07:07 AM
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Congressional Bank and HHC Funding, an affiliate of Housing & Healthcare Finance, LLC, announced the closing of a $5.5 million asset-based line of credit to Cypress Skilled Nursing, LLC and its affiliates. The line of credit will be used for ongoing...
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January 17, 2014, 01:14 PM
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Access Capital has provided a $500,000 line of credit to a newly formed company that provides site safety managers to developers, building management companies and general contractors to oversee compliance and safety requirements at construction...
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January 17, 2014, 06:52 AM
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PNC Bank announced the closing of $50 million in senior secured financing for a portfolio company of Hammond, Kennedy, Whitney & Company, Inc. (HKW), a private equity firm headquartered in Indianapolis. The funds were used to acquire and consolidate...
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January 17, 2014, 06:38 AM
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Crossroads Financial, a nationally recognized provider of working capital solutions to small- and mid-sized businesses, has named James Rothman as president. Rothman brings almost 30 years’ experience as an innovator in receivables financing and...
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January 10, 2014, 07:54 AM
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Gibraltar announced Ben Riley has joined the firm as SVP of Loan Originations for the Mid-Atlantic Region. Riley has more than 15 years of experience in the factoring and asset-based lending industry. He has strong ties to banking institutions as...
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January 09, 2014, 07:32 AM
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Access Capital has provided a credit line of $1.25 million to a California based staffing company specializing in the placement of temporary employees and permanent placement services for clients in the wine, pharmaceutical, food processing and other...
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December 23, 2013, 06:53 AM
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Hitachi Business Finance, a division of Hitachi Capital America Corp., announced that they will close 2013 providing more capital to more clients than it has in previous years.“While the lending industry continues to find its footing, 2013 was a...
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December 20, 2013, 07:07 AM
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Salus Capital Partners, LLC, announced it has led a $250 million secured term loan to RadioShack Corporation. The term loan was provided alongside an additional $585 million secured credit facility for which GE Capital, Corporate Retail Finance is...
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December 19, 2013, 07:27 AM
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Marquette Business Credit, Inc. recently provided an equipment rental company with a $10 million Working Capital and Rental Equipment Line of Credit. This family owned business provides a complete line of rental equipment including air compressors...
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December 17, 2013, 07:26 AM
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Dayco, LLC, a leading global engine management technologies supplier for the aftermarket, light vehicle and commercial vehicle industries, today announced that it has completed certain refinancing transactions through its subsidiaries, including a...
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December 13, 2013, 07:40 AM
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The Bon-Ton Stores, Inc.announced that it has entered into an amendment to the Company's existing $675 million asset-based revolving credit facility that was scheduled to mature in March 2016. Bank of America, N.A. continues to serve as Agent on the...
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December 13, 2013, 07:14 AM
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A Midwest locomotive manufacturer was seeking to refinance its existing senior credit facilities and derive additional working capital. The company was under served by the incumbent bank who was not providing sufficient liquidity. Additionally, the...
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December 09, 2013, 06:57 AM
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AloStar Business Credit has provided a senior secured credit line and term loan to Murry’s, Inc., a producer and supplier of frozen breakfast, lunch and dinner food products. Terms of the senior secured credit line and term loan were not disclosed....
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December 04, 2013, 07:57 AM
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Durkin Group announced that Kevin P. Durkin received the Commercial Finance Association’s (CFA) 2013 Harry H. Chen Memorial Instructor Award for Excellence. The award was presented during the CFA’s 69th Annual Convention in Los Angeles on November 14...
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November 25, 2013, 07:52 AM
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Continental Business Credit, a factoring and asset-based lender based in Woodland Hills, CA, has completed a two-year revolving asset-based credit facility in the amount of $3.5 million for a chemical & plastics distributor based in Southern...
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November 12, 2013, 07:49 AM
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Capital Financial Global, Inc. announced that it has formed an informal advisory panel. The news comes on the heels of the company's recent announcement that it intends to restructure its board of directors to conform to national stock exchange...
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November 12, 2013, 07:22 AM
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Crestmark secured a total of $3.9 million in financial solutions for three new clients in first two weeks of October.
On October 8, a $400,000 ledgered line of credit facility was provided to a North Carolina staffing company.
A $1.5 million...
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October 22, 2013, 07:26 AM
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