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Franklin Capital Announces Completion of $500,000 Invoice Finance Facility for UK-Based Beauty Products Company
December 10, 2024Franklin Capital is proud to announce the completion of a $500,000 invoice finance facility for a UK-based beauty products company with subsidiaries in Europe and the US.
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BriteCap Financial Welcomes Dave Lafferty as Chief Credit Officer
December 10, 2024BriteCap Financial LLC ("BriteCap"), a leading non-bank lender providing small businesses with fast, convenient, and affordable working capital, announced today the appointment of Dave Lafferty as Chief Credit Officer. Dave has 30 years of experience in credit, risk, underwriting, and portfolio management.
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Monroe Capital Supports Sumeru Equity Partners’ Acquisition of JobNimbus
December 10, 2024Monroe Capital LLC (“Monroe”) announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of JobNimbus by Sumeru Equity Partners.
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Comvest Credit Partners Provides New $230 Million Senior Credit Facility to Support the Refinancing and Growth of Pollo Tropical
December 10, 2024Comvest Credit Partners (“Comvest Credit”), a leading provider of flexible direct financing solutions to middle-market companies, is pleased to announce that it is acting as Administrative Agent on a new $230 million senior secured credit facility (the “Financing”) for Pollo Tropical, a Miami-based quick-service restaurant chain specializing in Latin-Caribbean-style cuisine.
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2024 Turnaround Triumphs: Flatbay Capital’s Year End Summary of Businesses That Inspired
December 10, 2024As the 2024 year closes out, the Flatbay Capital team is thankful to have had the opportunity to contribute to multiple businesses. Not only do we celebrate the funding of a company, but their successful turnaround. We are proud to present 5 summaries from: a Serial Entrepreneur’s New Business, a Family-operated Roofing Company, a Houston-based Pipe Coating Company, aSan Antonio-based Auto Repair Shop, and a Mexican Avocado Farm.
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Great Rock Capital Closes $55 Million Term Loan for AirBoss of America Corp.
December 9, 2024Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced the closing of a $55 million senior secured term loan facility with AirBoss of America Corp. (“AirBoss”), the second largest rubber solutions and custom compounding company in North America.
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Synovus Introduces Accelerate Trade for International Trade Finance
December 9, 2024Synovus has launched its newest initiative, AccelerateTM Trade, a portal for international business clients to manage global trade finance products more efficiently and transparently.
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Stingray Successfully Completes Long Term Refinancing with a $500M Revolving Credit Facility, Enhancing Financial Flexibility
December 9, 2024Stingray Group Inc. (TSX: RAY.A; RAY.B) (“Stingray”), an industry leader in music and video content distribution, business services, and advertising solutions, today announced that it has successfully completed the increase and extension of its existing credit facility, providing additional liquidity for operations and M&A activities. The refinancing consists of a $500 million revolving credit facility maturing in December 2028.
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Peapack-Gladstone Bank Hires Paula Gambino as Senior Vice President
December 9, 2024Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack-Gladstone Bank are proud to announce that Paula Gambino has joined the Bank as a Senior Vice President, Head of SBA.
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Republic Business Credit Partners with Southern Staffing Company to Drive Growth with $750,000 Factoring Facility
December 9, 2024An experienced temporary staffing management team was searching for a factoring company for their latest entrepreneurial venture, seeking a trusted local financial partner that understood the temporary staffing industry. The company initially reached out to the Buckhead branch of Renasant Bank, which provides its treasury services.
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Sallyport Commercial Finance Provides $4 Million Funding for Canadian Oilfield Services Company
December 9, 2024Sallyport Commercial Finance announced it has successfully provided $4 million in accounts receivable funding to a dynamic client in the oilfield services industry. Referred by a Calgary consultant, this funding will enable the company to repay existing debt and invest in substantial growth opportunities within their sector.
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EBSC Lending Provides $17.5 Million Loan to Refinance 127-United Multifamily Property
December 9, 2024EBSC Lending, a leader in financing real estate throughout the United States, has provided a $17,500,000 loan to refinance a 127-unit multifamily property in the Fort George neighborhood of New York, NY. The financing was originated by Martin Alex, CEO at EBSC Lending.
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CoachHub Secures $42M in Growth Financing from HSBC Innovation Banking UK to Fuel AI Innovation and Product Expansion
December 9, 2024CoachHub, the leading global digital coaching platform, today announced that it has secured a $40 million growth financing facility fromHSBC Innovation Banking UK. This capital injection will enable CoachHub to accelerate its investment in artificial intelligence (AI) and further expand its product offerings. The transaction is a key strategic decision for CoachHub to drive rapid innovation while safeguarding employee equity and promoting long-term value creation.
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Lumin Digital Secures $160 Million in Growth Funding
December 9, 2024Lumin Digital, a leading cloud-native digital banking provider, today announced it has raised over $160M in growth equity financing, led by Light Street Capital, NewView Capital, and Partners Group, acting on behalf of its clients.
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AirBoss Announces New Credit Facilities and Update On Strategic Transition
December 9, 2024AirBoss of America Corp. (TSX: BOS) (OTCQX:ABSSF) (the “Company” or “AirBoss”) today announced that it has entered into new senior secured credit facilities consisting of aggregate financing of up to US$180 million, which are replacing its current senior secured revolving credit facilities, and an update on its previously announced strategic transition.
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Asset Based Lending Opens Cherry Hill Office as Second Headquarters
December 9, 2024Privately held Asset Based Lending has expanded its presence in New Jersey with the opening of an office in Cherry Hill, part of a wave of growth in several key U.S. markets.
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Eldridge Industries to Launch Eldridge, an Asset Management and Insurance Holding Company with $74 Billion in AUM
December 9, 2024Today, Eldridge Industries announced plans to launch Eldridge, an asset management and insurance holding company with approximately $74 billion in assets under management. Eldridge will be wholly owned by Eldridge Industries and consist of two divisions: Eldridge Capital Management and Eldridge Wealth Solutions.
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H.I.G. Capital Closes $1 Billion Bayside Loan Opportunity Fund VII
December 9, 2024H.I.G. Bayside Capital, the special situations credit affiliate of H.I.G. Capital ("H.I.G." or the "Firm"), a leading global alternative investment firm with $66 billion of capital under management, is pleased to announce the final closing of H.I.G. Bayside Loan Opportunity Fund VII (the "Fund").
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Haversine Provides $23.5 Million in Participation and Lender Finance Funding Solutions
December 9, 2024Haversine Funding, a leading provider of specialized financial solutions for the factoring and asset-based lending (ABL) industries, is proud to announce another series of impactful funding transactions. These deals highlight Haversine’s role as a trusted partner in helping lenders and factors achieve their growth objectives while addressing unique market needs.
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Haversine Provides $23.5 Million in Participation and Lender Finance Funding Solutions
December 9, 2024Haversine Funding, a leading provider of specialized financial solutions for the factoring and asset-based lending (ABL) industries, is proud to announce another series of impactful funding transactions. These deals highlight Haversine’s role as a trusted partner in helping lenders and factors achieve their growth objectives while addressing unique market needs.
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Franklin Capital Announces Completion of $500,000 Invoice Finance Facility for UK-Based Beauty Products Company
December 10, 2024Franklin Capital is proud to announce the completion of a $500,000 invoice finance facility for a UK-based beauty products company with subsidiaries in Europe and the US.
-
BriteCap Financial Welcomes Dave Lafferty as Chief Credit Officer
December 10, 2024BriteCap Financial LLC ("BriteCap"), a leading non-bank lender providing small businesses with fast, convenient, and affordable working capital, announced today the appointment of Dave Lafferty as Chief Credit Officer. Dave has 30 years of experience in credit, risk, underwriting, and portfolio management.
-
Monroe Capital Supports Sumeru Equity Partners’ Acquisition of JobNimbus
December 10, 2024Monroe Capital LLC (“Monroe”) announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of JobNimbus by Sumeru Equity Partners.
-
Comvest Credit Partners Provides New $230 Million Senior Credit Facility to Support the Refinancing and Growth of Pollo Tropical
December 10, 2024Comvest Credit Partners (“Comvest Credit”), a leading provider of flexible direct financing solutions to middle-market companies, is pleased to announce that it is acting as Administrative Agent on a new $230 million senior secured credit facility (the “Financing”) for Pollo Tropical, a Miami-based quick-service restaurant chain specializing in Latin-Caribbean-style cuisine.
-
2024 Turnaround Triumphs: Flatbay Capital’s Year End Summary of Businesses That Inspired
December 10, 2024As the 2024 year closes out, the Flatbay Capital team is thankful to have had the opportunity to contribute to multiple businesses. Not only do we celebrate the funding of a company, but their successful turnaround. We are proud to present 5 summaries from: a Serial Entrepreneur’s New Business, a Family-operated Roofing Company, a Houston-based Pipe Coating Company, aSan Antonio-based Auto Repair Shop, and a Mexican Avocado Farm.
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Great Rock Capital Closes $55 Million Term Loan for AirBoss of America Corp.
December 9, 2024Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced the closing of a $55 million senior secured term loan facility with AirBoss of America Corp. (“AirBoss”), the second largest rubber solutions and custom compounding company in North America.
-
Synovus Introduces Accelerate Trade for International Trade Finance
December 9, 2024Synovus has launched its newest initiative, AccelerateTM Trade, a portal for international business clients to manage global trade finance products more efficiently and transparently.
-
Stingray Successfully Completes Long Term Refinancing with a $500M Revolving Credit Facility, Enhancing Financial Flexibility
December 9, 2024Stingray Group Inc. (TSX: RAY.A; RAY.B) (“Stingray”), an industry leader in music and video content distribution, business services, and advertising solutions, today announced that it has successfully completed the increase and extension of its existing credit facility, providing additional liquidity for operations and M&A activities. The refinancing consists of a $500 million revolving credit facility maturing in December 2028.
-
Peapack-Gladstone Bank Hires Paula Gambino as Senior Vice President
December 9, 2024Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack-Gladstone Bank are proud to announce that Paula Gambino has joined the Bank as a Senior Vice President, Head of SBA.
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Republic Business Credit Partners with Southern Staffing Company to Drive Growth with $750,000 Factoring Facility
December 9, 2024An experienced temporary staffing management team was searching for a factoring company for their latest entrepreneurial venture, seeking a trusted local financial partner that understood the temporary staffing industry. The company initially reached out to the Buckhead branch of Renasant Bank, which provides its treasury services.
-
Sallyport Commercial Finance Provides $4 Million Funding for Canadian Oilfield Services Company
December 9, 2024Sallyport Commercial Finance announced it has successfully provided $4 million in accounts receivable funding to a dynamic client in the oilfield services industry. Referred by a Calgary consultant, this funding will enable the company to repay existing debt and invest in substantial growth opportunities within their sector.
-
EBSC Lending Provides $17.5 Million Loan to Refinance 127-United Multifamily Property
December 9, 2024EBSC Lending, a leader in financing real estate throughout the United States, has provided a $17,500,000 loan to refinance a 127-unit multifamily property in the Fort George neighborhood of New York, NY. The financing was originated by Martin Alex, CEO at EBSC Lending.
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CoachHub Secures $42M in Growth Financing from HSBC Innovation Banking UK to Fuel AI Innovation and Product Expansion
December 9, 2024CoachHub, the leading global digital coaching platform, today announced that it has secured a $40 million growth financing facility fromHSBC Innovation Banking UK. This capital injection will enable CoachHub to accelerate its investment in artificial intelligence (AI) and further expand its product offerings. The transaction is a key strategic decision for CoachHub to drive rapid innovation while safeguarding employee equity and promoting long-term value creation.
-
Lumin Digital Secures $160 Million in Growth Funding
December 9, 2024Lumin Digital, a leading cloud-native digital banking provider, today announced it has raised over $160M in growth equity financing, led by Light Street Capital, NewView Capital, and Partners Group, acting on behalf of its clients.
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AirBoss Announces New Credit Facilities and Update On Strategic Transition
December 9, 2024AirBoss of America Corp. (TSX: BOS) (OTCQX:ABSSF) (the “Company” or “AirBoss”) today announced that it has entered into new senior secured credit facilities consisting of aggregate financing of up to US$180 million, which are replacing its current senior secured revolving credit facilities, and an update on its previously announced strategic transition.
-
Asset Based Lending Opens Cherry Hill Office as Second Headquarters
December 9, 2024Privately held Asset Based Lending has expanded its presence in New Jersey with the opening of an office in Cherry Hill, part of a wave of growth in several key U.S. markets.
-
Eldridge Industries to Launch Eldridge, an Asset Management and Insurance Holding Company with $74 Billion in AUM
December 9, 2024Today, Eldridge Industries announced plans to launch Eldridge, an asset management and insurance holding company with approximately $74 billion in assets under management. Eldridge will be wholly owned by Eldridge Industries and consist of two divisions: Eldridge Capital Management and Eldridge Wealth Solutions.
-
H.I.G. Capital Closes $1 Billion Bayside Loan Opportunity Fund VII
December 9, 2024H.I.G. Bayside Capital, the special situations credit affiliate of H.I.G. Capital ("H.I.G." or the "Firm"), a leading global alternative investment firm with $66 billion of capital under management, is pleased to announce the final closing of H.I.G. Bayside Loan Opportunity Fund VII (the "Fund").
-
Haversine Provides $23.5 Million in Participation and Lender Finance Funding Solutions
December 9, 2024Haversine Funding, a leading provider of specialized financial solutions for the factoring and asset-based lending (ABL) industries, is proud to announce another series of impactful funding transactions. These deals highlight Haversine’s role as a trusted partner in helping lenders and factors achieve their growth objectives while addressing unique market needs.
-
Haversine Provides $23.5 Million in Participation and Lender Finance Funding Solutions
December 9, 2024Haversine Funding, a leading provider of specialized financial solutions for the factoring and asset-based lending (ABL) industries, is proud to announce another series of impactful funding transactions. These deals highlight Haversine’s role as a trusted partner in helping lenders and factors achieve their growth objectives while addressing unique market needs.