- KeyBank Expands Commercial Banking Teams in Chicago and Southern California to Serve the Middle Market
- Provident Expands Commercial Lending Team as Part of Regional Growth Strategy for Eastern Pennsylvania
- Appraisers See a Mixed Picture for Valuations
- SLR Business Credit Adds Mark J. Simshauser as Senior Vice President Supporting Growth in Northeast US
- Bob Seidenberger Joins Franklin Capital as VP of Sales
-
Everything You Wanted To Know About Cannabis…But Were Afraid To Ask
Sep 10, 2019Money-laundering statutes, restrictive banking regulations and the stigma surrounding the cannabis industry have caused established banks and well-known independent secured lenders to stay clear, but the possibility of new regulations may ease their fears.
-
North Mill Capital Announces the Acquisition of Summit Financial Resources
North Mill Capital, a wholly–owned subsidiary of Solar Senior Capital, has acquired Summit Financial Resources.
-
To Brexit or Not to Brexit
Is there a British coup occurring? Well, not really. As one demonstrator from the Shires pointed out on prime time TV, “I don’t see any tanks.” Of course there are no tanks; this is England and in times of crisis we are more likely to be found handing out tea and sympathy than storming the Bastille.
What has happened though, is that we have all learned some new phrases and words and even the historic context of them:
-
Synovus Launches New Specialty Finance Division and Structured Finance Team
Synovus Bank announced the launch of a new Specialty Finance Division, focused on providing debt capital financing and commercial banking solutions to fund companies operating in niche asset classes. -
Wells Fargo Capital Finance Continues to Expand Loan Originations Group
Sep 5, 2019Wells Fargo Capital Finance, part of Wells Fargo Commercial Capital, announced three new business development officers (BDOs) have joined its Corporate Finance and Middle Market Loan Originations Groups, covering the nation’s Midwest, Northeast, and Southeast regions.
-
Siena Lending Group Launches Siena Healthcare Finance
New Division Will Serve Small to Mid-Size Companies in U.S. & Canada
-
SFNet Inaugural Hall of Fame Inductees Announced
Sep 3, 2019In conjunction with our 75th Anniversary, we are thrilled to announce the inductees into the inaugural CFA/Secured Finance Network (SFNet) Hall of Fame.
-
Sterling National Bank Provides $14,500,000 Credit Facility to Living Well Lodges Management Company, LLC
Sep 3, 2019
Sterling National Bank's Asset Based Lending Group provided senior secured credit facilities totaling $14,500,000 to Living Well Lodges Management Company, LLC. (“Living Well” or the “Company”).
-
Foley Business Capital has been acquired by Vero Business Capital, LLC
Aug 29, 2019We are pleased to announce that Hovde’s client, Omaha, NE-based Foley Business Capital (“FBC”), a subsidiary of Foley Holdings (“Foley”), has announced its sale to Memphis, TN-based Vero Business Capital, LLC (“Vero”), a portfolio company of SouthWorth Capital Management (“SouthWorth”).
-
White Oak Commercial Finance Originates a Revolving Credit Facility to The Good Kitchen
Aug 28, 2019White Oak Commercial Finance (“White Oak”), an affiliate of White Oak Global Advisors, announced today the origination of a new revolving credit facility to healthy meal service company The Good Kitchen. Originally founded as a meal delivery service, The Good Kitchen will use the proceeds of the credit facility to expand its business into packaged meals sold at 1,500 stores across the United States.
-
Union Bank Strengthens Technology Finance Team with Key Hires in San Jose
Union Bank today announced that it has hired four technology industry specialists to join the Technology Banking Group, all based out of the San Jose office. The appointments reflect a continued focus on expanding Union Bank's technology vertical to meet the needs of both business banking and middle market clients.
-
LendingPoint Closes $250 Million Credit Facility Arranged by Guggenheim Securities
The credit facility has an accordion feature, which allows the Company to increase the size of the credit facility to up to $500 million. On the closing date, the Company drew down $215 million of notes from the credit facility.
-
LIBOR Phase-Out: Considerations for Oil & Gas Companies
With over $370 trillion of global financial contracts referencing LIBOR (London Inter-bank Offered Rate), many oil and gas companies are curious about how the phase-out of LIBOR by 2021 could impact their organization. Many companies are beginning to ask how this transition will impact their organization and what steps can be taken now. The following is a discussion of:
- why LIBOR is being phased out;
- the transition plan for the phase-out;
- items companies should consider; and the steps that can be taken now.
-
CIT Names David Harnisch President of Commercial Finance as Jim Hudak Retires
CIT Group Inc. (NYSE: CIT) today announced that David Harnisch will join the company as president of Commercial Finance, effective Sept. 23, 2019. Harnisch will succeed the current president of Commercial Finance Jim Hudak who has elected to retire following a 20-year career at CIT, effective Sept. 3, 2019.
-
Fifth Third Bank Announces Leadership for San Francisco Expansion Strategy
Fifth Third Bancorp (Nasdaq: FITB) announced today that Peter Gruebele has joined Fifth Third as senior vice president and San Francisco market executive. In this role, he will report to Joseph Yurosek, California market president for Fifth Third Bank.
-
PNC Bank Provides Financing to Nursery Supplier
PNC Bank, National Association, announced today the closing of an $18.5 million senior secured credit facility for Sandusky, Ohio-based August Corso Sons, Inc. (Corso). PNC Bank, N.A., served as administrative agent.
-
Wells Fargo Unveils Commercial Banking Leadership in the Northeast
Wells Fargo (NYSE: WFC) today announced its Commercial Banking leadership team for the Northeast, which includes leaders serving businesses in New England, Western New York, and Eastern Canada. The new leadership team stems from the bank’s recently announced structure for its Commercial Banking business.
-
Capital One Signs Agreement to Acquire KippsDeSanto & Co.
Capital One has entered into an agreement to acquire KippsDeSanto & Co. a leading investment banking firm focused on serving growth-oriented aerospace/defense, government services and technology companies. Based in Tysons Corner, Va. in the Washington, DC region, KippsDeSanto has a national practice specializing in merger and acquisition advisory services.
-
Three Ways to Improve Your Risk Performance Through Data Technology
Aug 19, 2019By embracing technology, you can collect, analyze and respond quickly to easily accessible data that helps you accomplish three things simultaneously: mitigate risk, improve efficiency, and develop your organization’s talent.
-
Avenue Enters Voluntary Reorganization Proceeding to Facilitate Restructuring
Pursues going concern sale of its strong e-commerce business while conducting store closing sales at all ‘brick and mortar’ locations. Company obtains debtor-in-possession financing to support an orderly process.
-
Everything You Wanted To Know About Cannabis…But Were Afraid To Ask
Sep 10, 2019
Money-laundering statutes, restrictive banking regulations and the stigma surrounding the cannabis industry have caused established banks and well-known independent secured lenders to stay clear, but the possibility of new regulations may ease their fears.
-
North Mill Capital Announces the Acquisition of Summit Financial Resources
North Mill Capital, a wholly–owned subsidiary of Solar Senior Capital, has acquired Summit Financial Resources.
-
To Brexit or Not to Brexit
Is there a British coup occurring? Well, not really. As one demonstrator from the Shires pointed out on prime time TV, “I don’t see any tanks.” Of course there are no tanks; this is England and in times of crisis we are more likely to be found handing out tea and sympathy than storming the Bastille.
What has happened though, is that we have all learned some new phrases and words and even the historic context of them:
-
Synovus Launches New Specialty Finance Division and Structured Finance Team
Synovus Bank announced the launch of a new Specialty Finance Division, focused on providing debt capital financing and commercial banking solutions to fund companies operating in niche asset classes.
-
Wells Fargo Capital Finance Continues to Expand Loan Originations Group
Sep 5, 2019Wells Fargo Capital Finance, part of Wells Fargo Commercial Capital, announced three new business development officers (BDOs) have joined its Corporate Finance and Middle Market Loan Originations Groups, covering the nation’s Midwest, Northeast, and Southeast regions.
-
Siena Lending Group Launches Siena Healthcare Finance
New Division Will Serve Small to Mid-Size Companies in U.S. & Canada
-
SFNet Inaugural Hall of Fame Inductees Announced
Sep 3, 2019In conjunction with our 75th Anniversary, we are thrilled to announce the inductees into the inaugural CFA/Secured Finance Network (SFNet) Hall of Fame.
-
Sterling National Bank Provides $14,500,000 Credit Facility to Living Well Lodges Management Company, LLC
Sep 3, 2019
Sterling National Bank's Asset Based Lending Group provided senior secured credit facilities totaling $14,500,000 to Living Well Lodges Management Company, LLC. (“Living Well” or the “Company”).
-
Foley Business Capital has been acquired by Vero Business Capital, LLC
Aug 29, 2019We are pleased to announce that Hovde’s client, Omaha, NE-based Foley Business Capital (“FBC”), a subsidiary of Foley Holdings (“Foley”), has announced its sale to Memphis, TN-based Vero Business Capital, LLC (“Vero”), a portfolio company of SouthWorth Capital Management (“SouthWorth”).
-
White Oak Commercial Finance Originates a Revolving Credit Facility to The Good Kitchen
Aug 28, 2019White Oak Commercial Finance (“White Oak”), an affiliate of White Oak Global Advisors, announced today the origination of a new revolving credit facility to healthy meal service company The Good Kitchen. Originally founded as a meal delivery service, The Good Kitchen will use the proceeds of the credit facility to expand its business into packaged meals sold at 1,500 stores across the United States.
-
Union Bank Strengthens Technology Finance Team with Key Hires in San Jose
Union Bank today announced that it has hired four technology industry specialists to join the Technology Banking Group, all based out of the San Jose office. The appointments reflect a continued focus on expanding Union Bank's technology vertical to meet the needs of both business banking and middle market clients.
-
LendingPoint Closes $250 Million Credit Facility Arranged by Guggenheim Securities
The credit facility has an accordion feature, which allows the Company to increase the size of the credit facility to up to $500 million. On the closing date, the Company drew down $215 million of notes from the credit facility.
-
LIBOR Phase-Out: Considerations for Oil & Gas Companies
With over $370 trillion of global financial contracts referencing LIBOR (London Inter-bank Offered Rate), many oil and gas companies are curious about how the phase-out of LIBOR by 2021 could impact their organization. Many companies are beginning to ask how this transition will impact their organization and what steps can be taken now. The following is a discussion of:
- why LIBOR is being phased out;
- the transition plan for the phase-out;
- items companies should consider; and the steps that can be taken now.
-
CIT Names David Harnisch President of Commercial Finance as Jim Hudak Retires
CIT Group Inc. (NYSE: CIT) today announced that David Harnisch will join the company as president of Commercial Finance, effective Sept. 23, 2019. Harnisch will succeed the current president of Commercial Finance Jim Hudak who has elected to retire following a 20-year career at CIT, effective Sept. 3, 2019.
-
Fifth Third Bank Announces Leadership for San Francisco Expansion Strategy
Fifth Third Bancorp (Nasdaq: FITB) announced today that Peter Gruebele has joined Fifth Third as senior vice president and San Francisco market executive. In this role, he will report to Joseph Yurosek, California market president for Fifth Third Bank.
-
PNC Bank Provides Financing to Nursery Supplier
PNC Bank, National Association, announced today the closing of an $18.5 million senior secured credit facility for Sandusky, Ohio-based August Corso Sons, Inc. (Corso). PNC Bank, N.A., served as administrative agent.
-
Wells Fargo Unveils Commercial Banking Leadership in the Northeast
Wells Fargo (NYSE: WFC) today announced its Commercial Banking leadership team for the Northeast, which includes leaders serving businesses in New England, Western New York, and Eastern Canada. The new leadership team stems from the bank’s recently announced structure for its Commercial Banking business.
-
Capital One Signs Agreement to Acquire KippsDeSanto & Co.
Capital One has entered into an agreement to acquire KippsDeSanto & Co. a leading investment banking firm focused on serving growth-oriented aerospace/defense, government services and technology companies. Based in Tysons Corner, Va. in the Washington, DC region, KippsDeSanto has a national practice specializing in merger and acquisition advisory services.
-
Three Ways to Improve Your Risk Performance Through Data Technology
Aug 19, 2019
By embracing technology, you can collect, analyze and respond quickly to easily accessible data that helps you accomplish three things simultaneously: mitigate risk, improve efficiency, and develop your organization’s talent.
-
Avenue Enters Voluntary Reorganization Proceeding to Facilitate Restructuring
Pursues going concern sale of its strong e-commerce business while conducting store closing sales at all ‘brick and mortar’ locations. Company obtains debtor-in-possession financing to support an orderly process.
-
Everything You Wanted To Know About Cannabis…But Were Afraid To Ask
Sep 10, 2019
Money-laundering statutes, restrictive banking regulations and the stigma surrounding the cannabis industry have caused established banks and well-known independent secured lenders to stay clear, but the possibility of new regulations may ease their fears.
-
North Mill Capital Announces the Acquisition of Summit Financial Resources
North Mill Capital, a wholly–owned subsidiary of Solar Senior Capital, has acquired Summit Financial Resources.
-
To Brexit or Not to Brexit
Is there a British coup occurring? Well, not really. As one demonstrator from the Shires pointed out on prime time TV, “I don’t see any tanks.” Of course there are no tanks; this is England and in times of crisis we are more likely to be found handing out tea and sympathy than storming the Bastille.
What has happened though, is that we have all learned some new phrases and words and even the historic context of them:
-
Synovus Launches New Specialty Finance Division and Structured Finance Team
Synovus Bank announced the launch of a new Specialty Finance Division, focused on providing debt capital financing and commercial banking solutions to fund companies operating in niche asset classes.
-
Wells Fargo Capital Finance Continues to Expand Loan Originations Group
Sep 5, 2019Wells Fargo Capital Finance, part of Wells Fargo Commercial Capital, announced three new business development officers (BDOs) have joined its Corporate Finance and Middle Market Loan Originations Groups, covering the nation’s Midwest, Northeast, and Southeast regions.
-
Siena Lending Group Launches Siena Healthcare Finance
New Division Will Serve Small to Mid-Size Companies in U.S. & Canada
-
SFNet Inaugural Hall of Fame Inductees Announced
Sep 3, 2019In conjunction with our 75th Anniversary, we are thrilled to announce the inductees into the inaugural CFA/Secured Finance Network (SFNet) Hall of Fame.
-
Sterling National Bank Provides $14,500,000 Credit Facility to Living Well Lodges Management Company, LLC
Sep 3, 2019
Sterling National Bank's Asset Based Lending Group provided senior secured credit facilities totaling $14,500,000 to Living Well Lodges Management Company, LLC. (“Living Well” or the “Company”).
-
Foley Business Capital has been acquired by Vero Business Capital, LLC
Aug 29, 2019We are pleased to announce that Hovde’s client, Omaha, NE-based Foley Business Capital (“FBC”), a subsidiary of Foley Holdings (“Foley”), has announced its sale to Memphis, TN-based Vero Business Capital, LLC (“Vero”), a portfolio company of SouthWorth Capital Management (“SouthWorth”).
-
White Oak Commercial Finance Originates a Revolving Credit Facility to The Good Kitchen
Aug 28, 2019White Oak Commercial Finance (“White Oak”), an affiliate of White Oak Global Advisors, announced today the origination of a new revolving credit facility to healthy meal service company The Good Kitchen. Originally founded as a meal delivery service, The Good Kitchen will use the proceeds of the credit facility to expand its business into packaged meals sold at 1,500 stores across the United States.
-
Union Bank Strengthens Technology Finance Team with Key Hires in San Jose
Union Bank today announced that it has hired four technology industry specialists to join the Technology Banking Group, all based out of the San Jose office. The appointments reflect a continued focus on expanding Union Bank's technology vertical to meet the needs of both business banking and middle market clients.
-
LendingPoint Closes $250 Million Credit Facility Arranged by Guggenheim Securities
The credit facility has an accordion feature, which allows the Company to increase the size of the credit facility to up to $500 million. On the closing date, the Company drew down $215 million of notes from the credit facility.
-
LIBOR Phase-Out: Considerations for Oil & Gas Companies
With over $370 trillion of global financial contracts referencing LIBOR (London Inter-bank Offered Rate), many oil and gas companies are curious about how the phase-out of LIBOR by 2021 could impact their organization. Many companies are beginning to ask how this transition will impact their organization and what steps can be taken now. The following is a discussion of:
- why LIBOR is being phased out;
- the transition plan for the phase-out;
- items companies should consider; and the steps that can be taken now.
-
CIT Names David Harnisch President of Commercial Finance as Jim Hudak Retires
CIT Group Inc. (NYSE: CIT) today announced that David Harnisch will join the company as president of Commercial Finance, effective Sept. 23, 2019. Harnisch will succeed the current president of Commercial Finance Jim Hudak who has elected to retire following a 20-year career at CIT, effective Sept. 3, 2019.
-
Fifth Third Bank Announces Leadership for San Francisco Expansion Strategy
Fifth Third Bancorp (Nasdaq: FITB) announced today that Peter Gruebele has joined Fifth Third as senior vice president and San Francisco market executive. In this role, he will report to Joseph Yurosek, California market president for Fifth Third Bank.
-
PNC Bank Provides Financing to Nursery Supplier
PNC Bank, National Association, announced today the closing of an $18.5 million senior secured credit facility for Sandusky, Ohio-based August Corso Sons, Inc. (Corso). PNC Bank, N.A., served as administrative agent.
-
Wells Fargo Unveils Commercial Banking Leadership in the Northeast
Wells Fargo (NYSE: WFC) today announced its Commercial Banking leadership team for the Northeast, which includes leaders serving businesses in New England, Western New York, and Eastern Canada. The new leadership team stems from the bank’s recently announced structure for its Commercial Banking business.
-
Capital One Signs Agreement to Acquire KippsDeSanto & Co.
Capital One has entered into an agreement to acquire KippsDeSanto & Co. a leading investment banking firm focused on serving growth-oriented aerospace/defense, government services and technology companies. Based in Tysons Corner, Va. in the Washington, DC region, KippsDeSanto has a national practice specializing in merger and acquisition advisory services.
-
Three Ways to Improve Your Risk Performance Through Data Technology
Aug 19, 2019
By embracing technology, you can collect, analyze and respond quickly to easily accessible data that helps you accomplish three things simultaneously: mitigate risk, improve efficiency, and develop your organization’s talent.
-
Avenue Enters Voluntary Reorganization Proceeding to Facilitate Restructuring
Pursues going concern sale of its strong e-commerce business while conducting store closing sales at all ‘brick and mortar’ locations. Company obtains debtor-in-possession financing to support an orderly process.