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  • Bhargava-Mithu-Solifi_2022_150 Solifi Names Mithu Bhargava as President
    Jul 12, 2022
    Solifi™, a global fintech software partner for secured finance, announced that Mithu Bhargava joined the company as its first president. In this newly created position on the Solifi executive team, Bhargava brings more than 20 years of operational leadership to drive the delivery of scalable, sustainable, high-performing software-as-a-service (SaaS) products for the secured finance industry.
  • Star Group, L.P. Announces New Credit Facility

    The bank syndicate supporting the credit facility is comprised of ten participants acting in various capacities, with JPMorgan Chase Bank, N.A. as Administrative Agent, Bank of America, N.A. and Citizens Bank, N.A. as Co-Syndication Agents, Keybank National Association, TD Bank, N.A., BMO Harris Bank, N.A. and Wells Fargo Bank, National Association as Co-Documentation Agents, and J.P. Morgan Chase Bank, N.A., Bank of America, N.A. and Citizens Bank, N.A. as Joint Lead Arrangers and Joint Book Runners.

     
  • Ares Commercial Finance Provides a Senior Secured Credit Facility to Hint, Inc.
    Jul 7, 2022
    Ares Commercial Finance announced today that it has provided a senior secured credit facility to Hint, Inc. The credit facility consists of an asset based revolving line of credit. Proceeds of the credit facility were used to refinance existing indebtedness and for ongoing working capital to support growth. 
  • Coming Into Focus - TSL Inaugural Data Issue
    Jul 7, 2022
    Welcome to The Secured Lender’s first ever Industry Data Issue. Over the past several years, SFNet has invested heavily in data resources designed to improve planning, provide competitive benchmarking, and attract capital to our industry. Through resources like our groundbreaking Market Sizing and Impact Study, which dimensioned the secured finance ecosystem and will be refreshed this year, to our quarterly and annual data surveys, which continue to grow in participation, to our forward looking Market Pulse Reports, we have made great strides in capturing, analyzing, and predicting industry trends by the numbers.
  • REV Capital Announces New Commercial Finance Division with Strategic Appointment
    Jul 6, 2022
    REV Capital, the leading provider of factoring & cashflow financing in Canada and the United States announces a new Commercial Finance Division along with the appointment of Mark Dubs as President – Eastern Division.
  • FrontWell Capital Partners Provides US $10.5 Million Senior Secured Credit Facility to Belcam Beauty
    FrontWell Capital Partners Inc. (“FrontWell”) is pleased to announce the closing of a US $10.5 million senior secured credit facility to Belcam Beauty Holdco, LLC (“Belcam Beauty"), a leading manufacturer, developer, and marketer of beauty and grooming products. The facility, comprised of a revolving loan and term loan, will provide working capital liquidity and support Belcam Beauty’s strategic acquisition and growth opportunities.
  • The Secured Finance Foundation: Helping to Advance the Future of Secured Finance
    Sep 20, 2022
    The Secured Finance Foundation’s Corporate Giving Campaign, created to help prepare the next generation of leaders, provide essential data that drives smart business decisions, and invest in the communities of which our members are a part, will conclude on September 30. 

    As the secured finance industry continually grows and evolves, it takes knowledge, effort, and financial support for the Secured Finance Foundation (SFFound) to keep up with these changes and fulfill its mission. The Secured Finance Foundation encourages, facilitates, and supports education, innovation, and charitable works for the betterment of organizations and professionals who deliver and enable secured finance— and for the communities of which they are a part. Since it was founded 31 years ago, the Foundation has raised approximately $9.5 million to date. 
  • Birch Creek Development Secures $250 Million Loan Facility from Fundamental Renewables
    Jul 5, 2022
    Birch Creek Development LLC ("Birch Creek") and Fundamental Renewables, an established provider of debt financing for renewable energy projects, today announced an agreement in which Fundamental Renewables will increase its existing credit facility with Birch Creek to $250 million.
  • barry-headshot-2015 SFNet Launches In the Know Video Podcast
    Jul 5, 2022
    The Secured Finance Network is excited to launch a new video podcast today, in partnership with respected industry veteran Barry Bobrow, and sponsored by Hilco Global. “Our members continue to seek valued insights on issues critical to their businesses,” said SFNet CEO Rich Gumbrecht. “This new resource will complement existing sources of expert analysis and information SFNet provides to our community in an energizing new format.”  
  • barry-headshot-2015 SFNet Launches In the Know Video Podcast
    Jul 1, 2022
    The Secured Finance Network is excited to launch a new video podcast today, in partnership with respected industry veteran Barry Bobrow, and sponsored by Hilco Global.  “Our members continue to seek valued insights on issues critical to their businesses,” said SFNet CEO Rich Gumbrecht. “This new resource will complement existing sources of expert analysis and information SFNet provides to our community in an energizing new format.”
  • Citizens Leads $1.8 Billion Asset-Based Senior Credit Facilities for PRO Unlimited
    Jun 30, 2022

    Citizens announced that it has provided incremental financing to San Francisco-based PRO Unlimited Global Solutions Inc. PRO Unlimited is currently owned by EQT Partners.

    Established in 1991, PRO Unlimited is a leading provider of end-to-end contingent workforce management solutions to a broad range of global clients and has been a Citizens client for more than 10 years.

  • Wingspire Capital To Acquire Liberty Commercial Finance
    Wingspire Capital Holdings LLC (“Wingspire Capital”) announced an agreement to acquire Liberty Commercial Finance LLC (“Liberty”). Wingspire Capital is a portfolio company of Owl Rock Capital Corporation, a publicly traded business development company that is externally-managed by an indirect subsidiary of Blue Owl Capital Inc.
  • Hamid Namazie Summary of Approved California Regs
    Jun 28, 2022
    As many of our members are aware, legislation is popping up around the country requiring providers of commercial financings to make certain disclosures to their clients with respect to the costs associated with a commercial financing product being provided to a borrower.  The first such legislation was introduced in California in 2018 by Senator Steve Glazer, which impacted commercial financing products for $500,000 or less. 
  • Julia Gavrilov_150 Diversity, Equity and Inclusion Are the Necessary Corporate Differentiators

    A Moritt Hock & Hamroff partner discusses the potential legal implications for companies that are not committed to diversity and inclusion as increasing shareholder pressures and legal complaints mount.

  • Stepan Company Executes $450 Million Credit Facility Agreement
    Jun 27, 2022
    Stepan Company (NYSE: SCL), announced today that it has entered into credit agreement providing for a five-year committed $350 million multi-currency revolving credit facility and a $100 million delayed draw term loan facility with a syndicate of banks. JPMorgan Chase Bank, N.A. and BofA Securities, Inc. acted as joint lead arrangers.
  • Brian Daray Joins Republic Business Credit as SVP, Head of Underwriting
    Jun 27, 2022

    Republic Business Credit is proud to announce that Brian Daray has joined the company as Senior Vice President, Underwriting Manager, at its headquarters in New Orleans. 

    Brian adds tremendous value to Republic’s ambitious growth plans as he leads the company’s seasoned underwriting team across the United States. Brian’s responsibilities include underwriting, structuring, and managing the successful funding of new clients while supporting Republic’s growing suite of products across its national commercial finance platform. 

  • Mountain Ridge Capital Announces Launch of Commercial Finance Business with Backing from Arena Investors
    Mountain Ridge Capital ("MRC"), an asset-based commercial finance company, announced its official launch. Strategically backed with equity from Arena Investors, LP ("Arena Investors"), Mountain Ridge Capital is focused on originating, underwriting and managing asset-based commercial loans from $5 million to $30 million in commitment size.
  • Natixis Corporate & Investment Banking Provides $140 Million Revolving Credit Facility to a Rialto Capital Management and YourStorageUnits JV
    Jun 22, 2022
    Natixis Corporate & Investment Banking announced today that it has provided a $140 million secured revolving credit facility to a JV between Rialto Capital Management and YourStorageUnits.
  • SFNet Presents Results of Groundbreaking Diversity, Equity and Inclusiveness Survey on June 28
    Jun 22, 2022

    Members of SFNet’s Diversity, Equity and Inclusiveness Committee will discuss the results of SFNet’s much-anticipated, groundbreaking DEI benchmarking study of the secured finance industry.

    Betty Hernandez, CCO, SLR Business Credit and chair, SFNet DEI Committee, will serve as moderator. Panelists will include Richard Gumbrecht, CEO, Secured Finance Network; Terry Keating, CEO, Access Capital, Inc.; Lizzy Diaz-Ortiz, JD, CRCM, vice president and senior advisor, Governance & Inclusion, BMO Financial Group; Nicole N. Richardson, distinguished professor, Professional Practice, Rutgers University; and Courtney Hazzard, Data Services Consulting, Rutgers University.

  • Siena Lending Group LLC Announces the Promotion of Longtime Team Members Scott Elliotto and Jason Schick
    Jun 21, 2022
    Siena Lending Group LLC ("Siena") is pleased to announce the promotion of longtime team members Scott Elliotto and Jason Schick, who will play key roles in helping the company build on the success of its Healthcare Finance division. In addition to his current role as the Senior Managing Director of New Business Originations at Siena Lending Group, Scott will serve as the CEO of Siena Healthcare Finance.