The NFIB Small Business Optimism Index rose 2.2 points in July to 93.7, the highest reading since February 2022. However, this is the 31st consecutive month below the 50-year average of 98. Inflation remains the top issue among small business owners, with 25% reporting it as their single most important problem in operating their business, up four points from June.

CIBC Innovation Banking announced today that it has provided $10 million in growth capital to Boosted.ai, a Toronto-based company that uses AI to automate investment management processes and increase productivity. Boosted.ai will use the funds to invest in product development and sales expansion in the Canadian and US market.

Tower Partners, a lower-middle market investment bank with a focus on family, founder, and entrepreneurial-led businesses, announced today that it has successfully executed the sale of REV Capital’s U.S. transportation factoring portfolio to the financial services division of Love’s Travel Stops.

nFusion Capital Finance, LLC, a leading commercial finance company for entrepreneurs, announced that it has increased its junior capital credit facility to $17.5 million with Haversine Funding. Last month, nFusion announced that it had increased its senior secured credit facility with a consortium of lenders.

SSG Capital Advisors, LLC (“SSG”) served as the investment banker to Pegasus Home Fashions, Inc. and its affiliated entities (collectively, “Pegasus” or the “Company”) in the private placement of a $25 million revolving credit facility with Ares Management, LLC. The financing enabled Pegasus to refinance existing indebtedness and will provide additional capital for growth.

King Trade Capital (“KTC”) is pleased to announce the finance facility increase of $2.5MM for an existing dry baked goods manufacturing client.

Cliffwater Corporate Lending Fund ("CCLFX" or "the Fund"), a diversified interval fund focused on consistent income through corporate middle market direct lending, is pleased to announce the closing of its seventh privately-placed Senior Secured Notes (the "Notes") offering, totaling $1.370 billion in principal amount.

A technology company that designs software for call centers required capital to support its growth. In partnership with the company's investor, Prestige Capital provided the necessary funds for this business to expand.

Monroe Capital LLC announced it acted as administrative agent and joint lead arranger on the funding of a senior credit facility to support the acquisitions of Billing Solutions, LLC (“Billing Solutions”) and edgeMED Healthcare (“edgeMED”) by Medusind Solutions Inc. (“Medusind”), an existing portfolio company of Alpine Investors.

ADMA Biologics, Inc. (Nasdaq: ADMA) (“ADMA” or the “Company”), an end-to-end commercial biopharmaceutical company dedicated to manufacturing, marketing and developing specialty biologics, today announced it has repaid $30 million from its original $72.5 million revolving credit facility with Ares Capital.

TerrAscend Corp., a Canadian-headquartered cannabis operator with U.S. assets, has closed on a $140 million senior secured term loan from FocusGrowth Asset Management, a leading capital provider to the marijuana sector, and other members of a loan syndicate.

BHI, the U.S division of Bank Hapoalim and a full-service commercial bank, today announced that it has provided $35 million to Naftali Group, a leading privately held, global real estate development and investment firm, in predevelopment financing for a 70-story tower located at 1016 NE 2nd Avenue in Miami Florida.

Parker Hudson, a mid-sized law firm with an integrated collection of high value boutique business practices, is pleased to announce that Sameer Kapoor has joined the Firm’s Atlanta office as a partner in the Bankruptcy, Restructuring & Creditor Rights Practice Group.

B. Riley Securities, Inc. ("B. Riley"), a leading middle market investment bank and subsidiary of B. Riley Financial, Inc. (Nasdaq: RILY), is pleased to have served as financial advisor to Neurosurgery One Holdings, LLC (“NSO”), a prominent neurosurgical and pain management practice in the Denver metropolitan area, in its successful joint venture with AdventHealth, a nationwide network of non-profit hospitals and outpatient health care facilities operating in nearly a dozen states.

SLR Healthcare ABL has provided a $5MM asset-based revolving credit facility to a large regional home care agency providing Medicaid personal care services to over 1,200 elderly and disabled adults.

Charlotte-based equipment finance company closes its eighteenth asset-backed security transaction, providing funding for ongoing growth.

​eCapital Corp. (“eCapital”), a leading finance provider across North America and the United Kingdom, today announced the funding of a $15 million confidential factoring plus inventory facility for a U.S.-based sponsor-backed beverage company.

When a renowned beverage manufacturing company found itself with insufficient working capital from its lender, it partnered with Republic Business Credit to expand its access to flexible working capital.

The company is utilizing KTC’s purchase order-based production finance facility to help manufacture the inventory to fulfill its seasonal orders. Due to the seasonality of their business, the Client needed more availability than their existing asset-based lending facility allowed and KTC was able to help.

The cosmetics company’s parent group, Avon Products, said it recently filed for Chapter 11 bankruptcy protection in the US to stave off debt pressures and the impact of looming lawsuits.