- CapitalPlus Supply Empowers Philadelphia Masonry Contractor with $560,000 in Factoring Facility
- Chainlink Joins Banco Inter, Microsoft and 7Comm Consortium to Support Trade Finance use Case in Phase 2 of Drex Pilot
- Fifth Third Bank, National Association, Names Matt Nipper as Northern Ohio President
- Flatbay Capital Grows Presence in Dallas-Fort Worth Area with New Marketing Representative and Brand Ambassador
- Gateway Trade Funding Completes 17 Stretch Finance Transactions Totaling Almost $5,000,000
TSL Express Daily Articles & News
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Commercial Finance Partners Promotes Buanno to President
Commercial Finance Partners, a Boca Raton-based direct lender and debt advisory firm, has promoted John Buanno to President. John Buanno has been with Commercial Finance Partners since 2019, leading the growth of the company’s direct lending platform; tripling the client volume since his arrival.
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Interview with eCapital’s CEO Marius Silvasan
Marius Silvasan has built eCapital into a fast-growing financial technology firm through an ambitious and impactful M&A strategy. With the successful development of a proprietary technology-driven platform, eCapital is transforming financing for small-to mid-size companies. Under Silvasan’s leadership, eCapital has grown into a multi-disciplinary team of over 700 employees which, to date, has helped 30,000+ businesses garner more than $36 billion in financing to fuel their growth.
TSL Express Daily Headlines & News
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Raymond James Establishes New Private Credit Business
May 14, 2024Raymond James is expanding the capabilities of its Investment Banking division by partnering with Eldridge Industries and Raymond James Bank to provide private credit solutions to sponsor-backed portfolio companies in four primary sectors: Consumer, Diversified Industrials, Healthcare and Technology & Services.
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Franklin Capital Announces Two $1 Million Factoring Facilities
May 14, 2024
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Franklin Capital Announces Two $1 Million Factoring Facilities
May 14, 2024Franklin Capital is pleased to announce the completion of two $1,000,000 factoring facilities. Franklin Capital funded a $1 million factoring facility to an IT supply staffing company and $1 million for a factoring facility media powerhouse.
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Wolters Kluwer Launches Regulatory Violations Intelligence Index to Highlight Key Trends in U.S. Regulatory Supervision
May 14, 2024Wolters Kluwer has unveiled a compilation of penalties imposed by U.S. financial services regulators over the past several years, providing compliance officers strategic insights into the aggregate volumes and penalty amounts issued to financial services institutions in the United States. Covering a period from 2018 through 2023 reflected in half-year increments, the Regulatory Violations Intelligence Index examines key violation categories—competition-related offenses, consumer protection-related offenses and financial offenses—across federal and state regulatory bodies.
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Wintrust Business Credit Announces Closing of $15M ABL Line of Credit to Aerospace Distribution Business
May 13, 2024Wintrust Business Credit (WBC) is happy to announce the closing of a new $15,000,000 ABL line of credit for a Southeast-headquartered aerospace distribution business with subsidiaries from the Southwest to the Northeast.
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NextEnergy Extends Credit Facility to Allow for Future Investments
May 13, 2024NextEnergy Solar Fund Ltd on Friday announced it extended a credit facility with Banco Santandar SA. The Guernsey-based specialist investor in solar energy and energy storage said the GBP70 million facility, originally due to expire in June, is now available for an additional 12 months.
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Mogo Extends Maturity of $60 Million Credit Facility to 2026
May 13, 2024Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) (“Mogo” or the “Company”), a digital wealth and payments business, today announced an amendment to its existing senior credit facility (“Credit Facility”) with funds managed by affiliates of Fortress Investment Group LLC (“Fortress”). The amendment extends the maturity date of the Credit Facility from July 2, 2025 to January 2, 2026
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Creative Realities to Restructure Debt Through Revolving Credit Facility
May 13, 2024Creative Realities, Inc. (“Creative Realities,” “CRI,” or the “Company”) (NASDAQ: CREX), a leading provider of digital signage and media solutions, today announced that it had signed a non-binding commitment letter with First Merchants Bank (“First Merchants”) for a $20 million senior secured revolving credit facility (the “Revolver”) with a $5 million accordion feature.
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MidCap Financial and Great Rock Capital Provide a $140 Million Senior Secured Credit Facility to Sponsor-Owned Housewares Company
May 13, 2024MidCap Financial, a middle-market focused, specialty finance firm, and Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced that they have provided a $140 million senior secured revolving credit facility to a global manufacturer, distributor, and marketer of houseware products.
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Pathward Lends $3 Million to Baking Products and Packaging Manufacturer to Provide Working Capital
May 13, 2024The Commercial Finance division of Pathward®, N.A., today announced a $3 million asset-based line of credit facility for the acquisition of a baking products and packaging manufacturer in Ohio by a California firm in the confections industry. The financing provided the company with funding for the acquisition and ongoing working capital.
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Pathward Lends $4 Million to Growing Arts and Crafts Company to Finance Overseas Orders
May 13, 2024The Commercial Finance division of Pathward®, N.A., today announced a $4 million ledgered line of credit facility to Georgia-based company that sells and promotes arts and crafts. The company is experiencing significant sales growth with a new retail distribution partner and will use the line of credit to finance overseas orders.
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Siena Lending Group Closes New $35 Million Credit Facility for Charah Solutions, Inc.
May 13, 2024Siena Lending Group LLC ("Siena") is pleased to announce the closing of a $35 million credit facility with Charah Solutions, Inc. (“Charah”) or (“Company”), a leading provider of mission-critical environmental services and by-product recycling to the power generation industry. The new two-year credit facility was utilized to refinance existing debt as well as to provide additional working capital to support the Company's growth.
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Buchalter Welcomes Shareholder in Los Angeles to its Growing Corporate Practice, Expands Latin America Practice
May 13, 2024Buchalter is pleased to announce the addition of Juan Pablo Albán as a Corporate Shareholder in its Los Angeles office. Albán also joins as a member of the firm’s recently established Latin American Practice Group.
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The Baldwin Group Announces Upsize and Pricing of $600 Million Offering of Senior Secured Notes due 2031
May 13, 2024The Baldwin Group, the go-to-market brand name for The Baldwin Insurance Group, Inc. (formerly BRP Group, Inc.) (“Baldwin”) (NASDAQ: BRP), announced today the pricing of the previously announced offering by its direct subsidiary The Baldwin Insurance Group Holdings, LLC (“Baldwin Holdings”) and a wholly-owned corporate subsidiary of Baldwin Holdings of $600 million (representing an upsize from the previously announced $500 million) aggregate principal amount of senior secured notes due 2031 (the “notes”).
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Haynes Boone Advises WinVest on Proposed Business Combination with Xtribe and Nasdaq Public Listing
May 13, 2024Haynes and Boone, LLP represented WinVest Acquisition Corp. (“WinVest”) (Nasdaq: WINV), a publicly traded special purpose acquisition company, in its proposed business combination with Xtribe P.L.C., a UK-based technology platform that aims to revolutionize local e-commerce.
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C3 Rentals LLC Secures $100 Million Debt Facility to Fuel Expansion and Enhance Trailer Ownership Accessibility
May 13, 2024C3 Rentals LLC ("C3"), a leader in trailer rental and ownership solutions, has successfully secured a $100 million debt facility funded by WhiteHawk Capital Partners, LP ("WhiteHawk") and arranged by Ankura Capital Advisors. This strategic financial boost is aimed at increasing liquidity and supporting the company's future working capital needs, enabling further expansion across the United States.
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FrontWell Capital Partners Provides USD$14.2 Million Senior Secured Credit Facility to Uniroyal Engineered Products LLC
May 13, 2024FrontWell Capital Partners Inc. (“FrontWell”) today announced the closing of a USD$14.2 million secured credit facility with Uniroyal Engineered Products LLC. (“Uniroyal”), a manufacturer of vinyl-coated fabrics and soft trim technologies.
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Eclipse Business Capital Provides $105.8MM Senior Secured Credit Facility to a Sporting Goods Manufacturer
May 13, 2024Eclipse Business Capital LLC (“EBC”) announced that it has provided a $105.8 million senior secured credit facility, consisting of an ABL revolving line of credit and term loan to a sporting goods manufacturer.
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Pathward lends $8 Million to PVC and Thermoplastics Manufacturer to Provide Working Capital
May 13, 2024The Commercial Finance division of Pathward®, N.A., today announced an $8 million asset-based revolving line of credit facility to a PVC and thermoplastics manufacturer in Indiana. The financing provides the company with funding to pay off its current line of credit and to provide ongoing working capital.
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Sallyport Commercial Finance Delivers $2 Million in Finance for an Optical Technology Business
May 13, 2024Sallyport Commercial Finance is delighted to announce $2M in finance for a leading developer of cutting-edge optical equipment and corneal topography technology. This funding comprises cash flow loans and inventory finance as the business sets its sights on accelerating domestic revenue, achieving financial stability and further advancing its research and development endeavors.
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The Secured Lender
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