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Atalaya Capital Management Expands Platform
Jun 13, 2022
Atalaya Capital Management ("Atalaya"), an $8.5bn alternative asset manager focused on private credit and special opportunities investing, announced today that Elm Park Capital's experienced team of credit investment professionals will join Atalaya in the new Atalaya Crescent office, located in the financial center of Dallas.
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Bill Lyons Joins Mitsubishi HC Capital America to Drive Growth in Factoring, Asset-Based Lending
Jun 9, 2022
Mitsubishi HC Capital America has named Bill Lyons Origination Leader, Asset-Based Lending.
Based in Michigan, Lyons will be responsible for business development across the Midwest. He will work primarily with small- and mid-sized businesses, helping with cost-effective financing options that allow them to grow and manage cash flow throughout their business cycles.
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CIT Increases Maritime Financing to $57 Million for Crowley
Jun 8, 2022
CIT, a division of First Citizens Bank, today announced that its Maritime Finance business has recently increased its financing of Crowley, a leading global shipping and logistics company, to a total of $57 million as part of a larger credit facility. This financing applies to multiple Crowley vessels.
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SFNet’s Women in Secured Finance Conference Returns in Person June 15-16, 2022
Jun 7, 2022
Attendees to reconnect, discuss reassessing goals, recruitment, retention, DEI, mental health and more. Guest Speaker Leigh Gilmore, general manager, Live Journalism at Dow Jones to join.
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SFNet Releases its Latest Market Pulse Report
Jun 7, 2022
SFNet is pleased to present the SFNet Market Pulse, a periodic report that informs lenders about emerging economic trends likely to affect secured lending and their borrowers’ industries over the next one to two quarters.
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Stonegate Capital Announces Senior Debt Investment in Van Leeuwen Ice Cream
Jun 6, 2022
Stonegate Capital, a division of SG Credit Partners (“SGCP”), a family-office backed lender providing capital to lower middle market businesses and entrepreneurs, is pleased to announce the closing of a senior debt investment in Van Leeuwen Ice Cream, a leading brand of premium ice cream products in the U.S.
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Can the Global Supply Chain Survive Global Political Disorder?
Jun 6, 2022
The managing director of Global Torchlight, a geopolitical risk advisory firm, discusses the various reasons for the supply chain disruption and what we may expect in the future.
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Rosenthal Names Peter Clement SVP International Factoring Business Development Officer
Jun 6, 2022
Rosenthal & Rosenthal, Inc., the leading factoring, asset-based lending, purchase order financing, d2c and e-commerce inventory financing firm in the United States, today announced that Peter Clement has joined Rosenthal as SVP International Factoring Business Development Officer.
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Norma Kuntz Joins Gordon Brothers as President & Chief Operating Officer
Jun 2, 2022
Norma Kuntz has joined Gordon Brothers, the global advisory, restructuring and investment firm, as President and Chief Operating Officer and as a member of the board of directors.
Kuntz will work in partnership with senior leadership and the board of directors to guide Gordon Brothers’ continued, rapid growth and set the firm’s strategy. With nearly 25 years of experience in the private equity, asset management, alternative investment and financial services industries worldwide, she will be responsible for the firm’s operations.
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Cannara Biotech Inc. Closes $50 Million Credit Facility Led by BMO Commercial Banking
Jun 1, 2022
Cannara Biotech Inc. ("Cannara" or the "Company") (TSXV: LOVE) (OTCQB: LOVFF) (FRA: 8CB), a vertically integrated producer of premium-grade cannabis and derivative products with two mega facilities based in Quebec spanning over 1,650,000 sq. ft., announced today that it has closed on a $50M credit facility led by BMO Commercial Banking. The credit facility, effective May 31, 2022, includes a three-year term loan for $45 million with an accordion for up to an additional $10 million and a $5 million line of credit.
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Access Capital, Inc., Announces Terry M. Keating as Chief Executive Officer
May 31, 2022
Access Capital, Inc., the nation’s leading independent lender to the staffing industry, announced today that Terry M. Keating has been named as its Chief Executive Officer.
Terry has more than 30 years of senior management experience in the financial services industry, including most recently leading an asset-based lending business, in addition to 15 years serving as a lender to the asset-based lending industry and ten years as a consultant and investment banker serving the industry.
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CIT Provides $22 Million to Refinance Chandler Medical Plaza
May 31, 2022
CIT, a division of First Citizens Bank, today announced that its Healthcare Finance business served as sole lender on a $22 million loan to AZ Banner Investments LLC, which is managed by Webb Management & Investments, LLC. The loan was used to refinance the Chandler Medical Plaza, a three-story medical office building in Chandler, Arizona.
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CIT Commercial Services Appoints Cheryle Arevalo to Account Executive for Western Region
May 26, 2022
CIT, a division of First Citizens Bank, has appointed Cheryle Arevalo to the position of account executive for the Western Region of CIT’s Commercial Services business. Arevalo will be based in Los Angeles, California and will manage the relationships and loans of several clients in the region. She will also be instrumental in discovering new business opportunities, cultivating relationships with new clients and outside referral sources, and identifying the right banking products to best serve client needs.
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Ferretti Joins Webster Bank as Senior Vice President, Market Manager Commercial & Industrial Middle Market Banking
May 25, 2022
Webster Bank is pleased to announce that it is expanding its commitment to Commercial & Industrial Middle Market Banking with the addition of David Ferretti as Senior Vice President, Market Manager, New Haven.
Ferretti reports to Douglas Scala, Regional President, New England and is responsible for providing comprehensive commercial banking services to middle market clients and prospects throughout greater New Haven County.
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Bridgeport Capital Announces Bob Seidenberger has Joined as Senior Vice President of Business Development
May 24, 2022
Bridgeport Capital is pleased to announce the addition of Bob Seidenberger as Senior Vice President of Business Development to the Bridgeport team. Bob will be opening a regional sales office in Philadelphia, Pennsylvania and will report to Max Toledo. Bob brings 25 years years of experience in the financial services industry and is extremely knowledgeable on all aspects of factoring.
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ZenFi Networks Secures $175 Million Senior Secured Credit Facility
May 23, 2022
ZenFi Networks, an innovative leader of digital infrastructure solutions in the New York and New Jersey metro region, announces today that it has secured $175 Million in Senior Secured Credit. The credit facility will be used to refinance existing debt and support continued growth initiatives as the company continues the build-out and expansion of the LinkNYC project throughout the five boroughs of New York City.
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eCapital Provides $21MM Working Capital Line of Credit for Southern California Automotive Company
May 23, 2022
eCapital Corp. (“eCapital”), a leading tech-enabled finance provider across North America and the UK, today announced the recent closure of a $21 million working capital line of credit to a Southern California automotive company (“the company”).
Operating profitably in a competitive industry for over a decade, the company previously met its specialized funding needs via private investors.
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CIBC Innovation Banking Announces $35M Growth Capital Financing for Impartner
May 19, 2022
CIBC Innovation Banking is pleased to announce $35 million of growth capital financing to Salt Lake City-based Impartner Inc. (“Impartner”), a leading partner relationship management (PRM) platform. Impartner plans to use the financing to increase its investments across sales & marketing, go-to-market strategy, and research & development to further accelerate its growth momentum.
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Six Actions Your Retail Clients Can Take Now to Counter Economic Volatility
May 18, 2022
After historic GDP growth and retail sales in 2021, are the days of unprecedented growth over for your retail clients? The short answer: It’s complicated.
If the last two years have shown us anything, it is that uncertainty is the new normal. When COVID shut down the economy in March 2020, the impact on the retail sector was profound. In some parts of the country, brick and mortar stores were closed for up to 90 days and in-person sales ground to a halt for all but the most essential items.
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Signature Bank Launches New National Business Line With Appointment of Healthcare Banking and Finance Team
May 18, 2022
Signature Bank (Nasdaq: SBNY), a New York-based, full-service commercial bank, announced today the launch of a new business line with the appointment of a nine-person Healthcare Banking and Finance (HBF) team. The new private client banking team will provide lending services while garnering deposits to clients within the healthcare arena.
Leading the new business and HBF team is Matthew T. Huber, recently named Senior Vice President and Managing Group Director. In this capacity, Huber will oversee all aspects of the HBF team, including managing the team’s pipeline and banking activities and building a healthcare-related portfolio spanning both lending and deposit clients.