Almost three quarters (73%) of American small business owners say their business has grown in the last year, with even higher percentages for Black (84%) and Hispanic (80%) owners, according to the U.S. Bank 2024 Small Business Perspective that was released today.

nFusion’s $2 million factoring facility funding helped the Company to pay subcontractors faster, so they could acquire additional subcontractors’ services which enabled them to take on bigger projects and continue to grow.

VSS Capital Partners (“VSS”), a private investment firm investing in the healthcare, education, and business services industries, announced that David Fann has joined the firm as Senior Managing Director and Head of Investor Relations. Mr. Fann brings vast experience, having held executive leadership roles in private market firms that have invested over $50 billion in private equity and private credit for institutional investors.

BizCap®, a commercial finance advisory firm established in 2002, announces it has structured and secured financing for Gibbs Smith, an American publisher known for producing beautifully crafted books designed to enrich and inspire readers.

The trendy restaurant chain serves a popular niche, but has struggled to find enough customers.

When a third-generation, family-run food manufacturing company sought to refinance their incumbent regional bank, they chose the local, gulf coast experts at Republic Business Credit to refinance their line of credit. Republic was introduced by food and beverage industry leaders that believed Republic’s experience in the food manufacturing industry would enhance the long-term success of the partnership.

The TCW Group, a leading global asset management company, today announced that it has closed its second $400 million Collateralized Loan Obligation (CLO) fund this year, TCW CLO 2024-2, Ltd., which is secured primarily by broadly syndicated first-lien loans. This close adds to TCW’s continued strong growth in alternative credit assets, which have more than doubled since 2020.

Alvarez & Marsal Tax, LLC (A&M Tax), an affiliate of leading global professional services firm Alvarez & Marsal (A&M), announced the appointment of Sean Trahan as Managing Director within its Transfer Pricing line of service. Following the hiring of Managing Directors Dan Peters and Matt DeFelice along with Senior Economists Barry Freeman and Clark Chandler, Mr. Trahan’s joining continues the build out of A&M’s global transfer pricing team while underscoring A&M Tax’s strategic international expansion.

WesBanco, Inc. (Nasdaq: WSBC), a diversified, multi-state bank holding company, announces that its affiliate, WesBanco Bank, has appointed Cris Gossard as Central Ohio (CO) Market President and Senior Commercial Banker. This strategic appointment underscores the bank's commitment to continuing to enhance its market presence and deliver exceptional banking services to the Central Ohio market.

The Boys & Girls Clubs of Greater Washington (BGCGW) and CohnReznick have announced that they will be working together to provide hands-on professional development learning experiences to BGCGW teens and young adults as they enter the workforce and make crucial decisions about career paths.

Honigman LLP announced today that it is growing its Corporate Department with the addition of Angela Johnson Reier as partner in the firm’s Transactions & Counseling Practice Group in Chicago.

Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced the closing of a $30 million revolving credit facility for a specialty rental platform, which is a portfolio company of Crossplane Capital.

Blank Rome LLP is pleased to announce that Fraser Collin has joined the firm’s Boston office as a partner in the Corporate, M&A, and Securities group. Fraser will focus his practice on advising clients on mergers and acquisitions (“M&A”), and private equity and venture capital financings, as well as serving as outside general counsel.

Flow Capital Corp. (TSXV: FW) ("Flow Capital" or the "Company"), a leading provider of growth venture debt in the form of senior secured loans to high-growth companies, is pleased to announce that it has entered into a loan agreement (the "Loan Agreement") with TBK Bank, SSB (“Triumph”), for a revolving committed credit facility in the principal amount of up to US$15 million.

Seylan Bank has expanded their comprehensive suite of financial services with Seylan Factoring, a means for clients to raise funds by trading outstanding trade receivables. Unlike traditional lending, which may consider a broader range of factors and sources for repayment, factoring is primarily dependent on the receivables' quality and collection for setting up the facility.

The global factoring market size is estimated to grow by USD 2.19 trillion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 8.8% during the forecast period. Growing need for alternative sources of financing for msmes is driving market growth, with a trend towards advent of blockchain in factoring services.

BriteCap Financial LLC ("BriteCap"), a data-driven financial services company dedicated to improving the financial health of America's small businesses, today announced the establishment of a new receivable financing facility from funds managed by One William Street Capital Management affiliates ("OWS Funds").

Pearlmark is pleased to announce the first closing of its sixth high-yield credit investment fund, Pearlmark Mezzanine Realty Partners VI, L.P. (“Pearlmark Mezz VI” or the “Fund”). Pearlmark Mezz VI will serve as the firm’s exclusive subordinated debt investment vehicle, fulfilling borrower demand for gap financing solutions on recapitalizations, acquisitions, and development projects.

Piper Sandler Companies (NYSE: PIPR), a leading investment bank, today announced that it has completed the acquisition of Aviditi Advisors. Aviditi Advisors is a premier alternative investment bank providing full lifecycle services to financial sponsors, global alternative investment managers and limited partner investors.

IDB Bank, a New York-based private and commercial bank, announced the appointment of Jeremy Cramer as its new Senior Vice President and Head of California Commercial Real Estate (CRE). In this role, he will lead balance sheet CRE lending across the Bank's west coast operations, overseeing loan originations, asset management, operations and deposit gathering.