- Blue Bear Capital Closes Third Fund, Adding $200 Million to Platform for Machine Intelligence Investments into Energy, Infrastructure, and Climate Industries
- Rosenthal Closes Pair of Transactions Totaling $5 Million
- Blackstone Private Credit Fund Taps Debt Market for $1.5 Billion
- Adam Hoffman Joins Webster as Head of Treasury Management
- PlainsCapital Bank Welcomes Jorge Vernaza
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
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SLR Business Credit Adds Mark J. Simshauser as Senior Vice President Supporting Growth in Northeast US
SLR Business Credit is pleased to announce the addition of Mark J. Simshauser as Senior Vice President. In this role, Mark will have the responsibility of supporting and financing SME’s through the Northeast United States.
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Building a factoring or asset-based lending (ABL) platform that maximizes value and attracts capital requires more than operational success. A solid foundation that positions the business for growth, efficiency, and sustainability is crucial. Whether you're looking to secure capital through banks, non-bank lenders, or investors, here are five essential strategies to build and grow a high-performing factoring or ABL business.
TSL Express Daily Headlines & News
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CapitalPlus Supply Empowers Philadelphia Masonry Contractor with $560,000 in Factoring Facility
November 21, 2024CapitalPlus Financial Services is proud to announce its recent support of a Philadelphia-based masonry contractor with a $560,000 factoring facility. This funding provides critical working capital, enabling the contractor to take on larger, more profitable contracts that were previously out of reach due to restrictive financing options from traditional banks.
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Fifth Third Bank, National Association, Names Matt Nipper as Northern Ohio President
November 21, 2024Fifth Third Bank, National Association, (Nasdaq: FITB) has announced Matt Nipper as Northern Ohio region president. Nipper succeeds Tom Partridge, who is serving as group regional president.
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TerraNova Capital Equities Announces Three Transactions Totaling $45 Million
November 21, 2024TerraNova Structured Finance Group acted as the sole advisor to Danimer Scientific, Inc. (NYSE: DNMR) on a $20 Million revolving credit facility. TerraNova Structured Finance Group acted as the sole advisor to Inuvo, Inc. (NYSE American: INUV) on a $10 Million financing. TerraNova Structured Finance Group acted as sole placement agent for a $15 Million lender finance facility for Flow Capital Corp.
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BofA Names Ed Siaje President of Detroit
November 21, 2024Bank of America has named Ed Siaje president of Bank of America Detroit. As president and head of the market, he will connect clients, teammates and communities to the full power of the franchise and drive integration across the bank's eight lines of business. He succeeds Matt Elliott, who recently retired from the company.
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SMBC MANUBANK Announces Multiple Key Hires Across Credit, Accounting, and Technology Functions to Support Growth
November 21, 2024SMBC MANUBANK, a wholly owned subsidiary of SMBC Americas Holdings, Inc., and a member of SMBC Group, announced it has appointed three new executives to lead the Credit, Accounting, and Information Technology functions as part of the bank’s ongoing business transformation.
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Transom Capital Adds Dana Goldstein to Lead Investor Relations and Marketing
November 21, 2024Transom Capital Group (“Transom”) has named Dana Goldstein to the newly created position of Head of Investor Relations and Marketing, where she will play a critical role in deepening and expanding limited partner relationships, as well as strategic marketing initiatives for the firm and its portfolio, as part of Transom’s leadership team.
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Cadence Bank Welcomes Brad Silcox as President of Asset Management & Trust Group
November 21, 2024Cadence Bank (NYSE: CADE) today announced that Brad Silcox has joined the organization as executive vice president and president of asset management and trust.
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Quinn Residences Announces the Expansion of its Revolving Credit Facility to $1 Billion
November 21, 2024Quinn Residences ("Quinn" or the "Company"), a leading owner, operator, and developer of dedicated rental communities in the Southeastern United States, announced today the closing of an expansion of its existing revolving credit facility (the "Facility") led by JPMorgan Chase Bank.
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SFNet New Member Spotlight: CB&S Bank
November 20, 2024CB&S Business Capital is the asset-based commercial lending division and was recently formed in September 2024. It's a division of CB&S Bank which is a privately-owned commercial bank headquartered in Northern Alabama with approximately $2.6 billion in total assets.
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Gray Television Makes Significant Progress on Debt Reduction and Replenishes Authorization for Additional Debt Reduction
November 20, 2024Gray Television, Inc. (“Gray,” “Gray Media,” the “Company,” “we,” “us” or “our”) (NYSE: GTN) has completed a series of transactions that collectively reduced the Company’s principal amount of debt outstanding by $278 million since October 1, 2024, bringing the Company’s total principal debt reduction to $519 million since January 1, 2024.
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First Citizens Bank Leads $125 Million Financing for New Day Healthcare
November 20, 2024First Citizens Bank has announced that its Healthcare Finance division has closed a $125 million senior credit facility for New Day Healthcare, a market-leading provider of home-based services.
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eCapital Welcomes Chris Huntington, SVP, Business Development Officer to its ABL Group
November 20, 2024eCapital Corp. (“eCapital”), a leading tech-enabled finance provider specializing in tailored solutions for businesses across North America and the United Kingdom, has appointed Chris Huntington as SVP, Business Development Officer within its ABL Group.
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Mitsubishi HC Capital America Enhances Best in Class Vendor Portal
November 20, 2024Mitsubishi HC Capital America, the largest non-bank, non-captive finance provider in North America, is further demonstrating its commitment to the latest in technological innovation by announcing several key enhancements and improvements to Propel, its proprietary, best-in-class digital transaction and portfolio management system.
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PPL Group Sells Structural Steel Fabrication Business as a Turn-Key Facility
November 20, 2024PPL Group has engineered the sale of a Texas-based structural steel fabrication facility and equipment to a regional operator who will rehire employees and restart the business.
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CohnReznick’s Sun Named a Top 25 Cybersecurity Consultant and Leader
November 20, 2024CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that David Sun, Principal, Cybersecurity, has been named to The Consulting Report’s Top 25 Cybersecurity Consultants and Leaders of 2024 list.
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Gateway Trade Funding Completes 17 Stretch Finance Transactions Totaling Almost $5,000,000
November 20, 2024Gateway Trade Funding, a PO and Stretch Financing company, is pleased to announce that it has recently completed the following stretch finance transactions: a $300,000 facility to a US oil and gas equipment company selling to US corporations and $750,000 facility to a US supplier of laboratory solutions selling to US corporations.
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High-Quality, Excess Gear Goes to Auction in Tiger Group AV Sale
November 20, 2024Pro-grade audiovisual gear from Keslow Camera, one of North America’s leading production rental companies, is available on December 3 in an online auction by Tiger Group.
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Audax Private Debt Provides Financing to Support Comvest Private Equity’s Acquisition of Riccobene Associates Family Dentistry
November 20, 2024Audax Private Debt announced that, as Administrative Agent and Sole Lead Arranger, it provided a unitranche credit facility to support Comvest Private Equity’s majority investment in Riccobene Associates Family Dentistry (“Riccobene”), a dental service organization (DSO) based in Cary, North Carolina.
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Addi Secures $100 Million Credit Facility from Victory Park Capital
November 20, 2024Addi, the Colombia-based fintech platform for integrated payments, shopping and banking, announced today that it has secured a $100 million credit facility from Victory Park Capital (“VPC”), a leading global alternative investment firm specializing in private credit.
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Comvest Credit Partners Invests $144 Million to Support the Recapitalization and Growth of Sportime Clubs
November 20, 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 $144 million senior secured credit facility (the “Financing”) for Sportime Clubs, LLC (“Sportime”), a leading operator of tennis and sports clubs in the New York tri-state area.
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The Secured Lender
SFNet's 80th Annual Convention Issue