- KeyBank Expands Commercial Banking Teams in Chicago and Southern California to Serve the Middle Market
- Provident Expands Commercial Lending Team as Part of Regional Growth Strategy for Eastern Pennsylvania
- Appraisers See a Mixed Picture for Valuations
- SLR Business Credit Adds Mark J. Simshauser as Senior Vice President Supporting Growth in Northeast US
- Bob Seidenberger Joins Franklin Capital as VP of Sales
-
Huntington Business Credit Closes a $175 Million new Credit Facility With Second Avenue Capital Partners, LLC
Jul 14, 2022Huntington Business Credit acting as Administrative Agent, Bookrunner and Lead Arranger announced it closed a $175,000,000 new credit facility with Second Avenue Capital Partners, LLC on June 27, 2022. Proceeds of the facility were used to refinance existing indebtedness and provide ongoing growth financing.
-
Encina Lender Finance Expands and Strengthens Senior Management Team With Addition Of Four Industry Veterans and Key Promotion
Jul 13, 2022Encina Lender Finance, LLC (“ELF”) announced today a significant expansion to its executive leadership team designed to bolster the company’s position as a leading nonbank lender finance platform serving both commercial and consumer specialty finance companies in the U.S. and Canada.
The new hires are: Edward Chang - chief executive officer; Mark Kassis - head of Risk Management, Commercial Vertical; Bill Laird – head of Risk Management, Consumer Vertical and David Mattei – managing director, Funding Strategy. Additionally, John Thomas was promoted to president and chief operating officer.
-
Anthony Lavinio Joins Entrepreneur Growth Capital as President
Jul 12, 2022Entrepreneur Growth Capital (“EGC”), headquartered in New York City, announced today that Anthony Lavinio has joined the company and has been named President of the organization. Anthony will focus on growing the business while leading the team in structuring financing solutions to small and lower middle market businesses.
-
Mentoring or “Holding the door for those entering behind you”
Unless you’re the most junior person in your work environment, everyone should mentor their less-experienced team members. Helping them learn should be as natural an effort as holding the door for those entering a room behind you. These efforts will create experienced individuals with broad-based perspectives on how to approach their responsibilities within the secured lending industry. Leaders within SFNet member organizations generally agree there is a lack of “bench strength” in the secured lending industry. Greater preponderance of mentoring would tie junior people more to their organizations and to the industry as a whole. -
Solifi Names Mithu Bhargava as President
Jul 12, 2022Solifi™, 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, 2022Ares 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, 2022Welcome 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, 2022REV 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, 2022The 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, 2022Birch 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.
-
SFNet Launches In the Know Video Podcast
Jul 5, 2022The 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.” -
SFNet Launches In the Know Video Podcast
Jul 1, 2022The 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.
-
Summary of Approved California Regs
Jun 28, 2022As 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. -
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, 2022Stepan 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.
-
Huntington Business Credit Closes a $175 Million new Credit Facility With Second Avenue Capital Partners, LLC
Jul 14, 2022Huntington Business Credit acting as Administrative Agent, Bookrunner and Lead Arranger announced it closed a $175,000,000 new credit facility with Second Avenue Capital Partners, LLC on June 27, 2022. Proceeds of the facility were used to refinance existing indebtedness and provide ongoing growth financing.
-
Encina Lender Finance Expands and Strengthens Senior Management Team With Addition Of Four Industry Veterans and Key Promotion
Jul 13, 2022Encina Lender Finance, LLC (“ELF”) announced today a significant expansion to its executive leadership team designed to bolster the company’s position as a leading nonbank lender finance platform serving both commercial and consumer specialty finance companies in the U.S. and Canada.
The new hires are: Edward Chang - chief executive officer; Mark Kassis - head of Risk Management, Commercial Vertical; Bill Laird – head of Risk Management, Consumer Vertical and David Mattei – managing director, Funding Strategy. Additionally, John Thomas was promoted to president and chief operating officer.
-
Anthony Lavinio Joins Entrepreneur Growth Capital as President
Jul 12, 2022Entrepreneur Growth Capital (“EGC”), headquartered in New York City, announced today that Anthony Lavinio has joined the company and has been named President of the organization. Anthony will focus on growing the business while leading the team in structuring financing solutions to small and lower middle market businesses.
-
Mentoring or “Holding the door for those entering behind you”
Unless you’re the most junior person in your work environment, everyone should mentor their less-experienced team members. Helping them learn should be as natural an effort as holding the door for those entering a room behind you. These efforts will create experienced individuals with broad-based perspectives on how to approach their responsibilities within the secured lending industry. Leaders within SFNet member organizations generally agree there is a lack of “bench strength” in the secured lending industry. Greater preponderance of mentoring would tie junior people more to their organizations and to the industry as a whole.
-
Solifi Names Mithu Bhargava as President
Jul 12, 2022Solifi™, 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, 2022Ares 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, 2022Welcome 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, 2022REV 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, 2022The 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, 2022Birch 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.
-
SFNet Launches In the Know Video Podcast
Jul 5, 2022The 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.”
-
SFNet Launches In the Know Video Podcast
Jul 1, 2022The 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.
-
Summary of Approved California Regs
Jun 28, 2022As 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.
-
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, 2022Stepan 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.
-
Huntington Business Credit Closes a $175 Million new Credit Facility With Second Avenue Capital Partners, LLC
Jul 14, 2022Huntington Business Credit acting as Administrative Agent, Bookrunner and Lead Arranger announced it closed a $175,000,000 new credit facility with Second Avenue Capital Partners, LLC on June 27, 2022. Proceeds of the facility were used to refinance existing indebtedness and provide ongoing growth financing.
-
Encina Lender Finance Expands and Strengthens Senior Management Team With Addition Of Four Industry Veterans and Key Promotion
Jul 13, 2022Encina Lender Finance, LLC (“ELF”) announced today a significant expansion to its executive leadership team designed to bolster the company’s position as a leading nonbank lender finance platform serving both commercial and consumer specialty finance companies in the U.S. and Canada.
The new hires are: Edward Chang - chief executive officer; Mark Kassis - head of Risk Management, Commercial Vertical; Bill Laird – head of Risk Management, Consumer Vertical and David Mattei – managing director, Funding Strategy. Additionally, John Thomas was promoted to president and chief operating officer.
-
Anthony Lavinio Joins Entrepreneur Growth Capital as President
Jul 12, 2022Entrepreneur Growth Capital (“EGC”), headquartered in New York City, announced today that Anthony Lavinio has joined the company and has been named President of the organization. Anthony will focus on growing the business while leading the team in structuring financing solutions to small and lower middle market businesses.
-
Mentoring or “Holding the door for those entering behind you”
Unless you’re the most junior person in your work environment, everyone should mentor their less-experienced team members. Helping them learn should be as natural an effort as holding the door for those entering a room behind you. These efforts will create experienced individuals with broad-based perspectives on how to approach their responsibilities within the secured lending industry. Leaders within SFNet member organizations generally agree there is a lack of “bench strength” in the secured lending industry. Greater preponderance of mentoring would tie junior people more to their organizations and to the industry as a whole.
-
Solifi Names Mithu Bhargava as President
Jul 12, 2022Solifi™, 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, 2022Ares 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, 2022Welcome 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, 2022REV 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, 2022The 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, 2022Birch 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.
-
SFNet Launches In the Know Video Podcast
Jul 5, 2022The 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.”
-
SFNet Launches In the Know Video Podcast
Jul 1, 2022The 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.
-
Summary of Approved California Regs
Jun 28, 2022As 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.
-
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, 2022Stepan 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.