• CourtneyJeans_150 Interview with Courtney Jeans, Head of Regions Business Capital
    Nov 7, 2023
    Courtney Jeans is executive managing director and head of Regions Business Capital. Jeans joined Regions Business Capital in January 2022. With nearly 30 years of experience in the financial services industry, his career has focused on lending activities within the middle-market and large corporate sectors in both banking and specialty finance, where he has held positions in business development, portfolio management and risk management.
  • Neiman Marcus Group Announces Amendment and Extension of its ABL Credit Facility
    Nov 2, 2023
    Neiman Marcus Group announced that on October 27, 2023 it entered into a Fourth Amendment (the "Amendment") to the Credit Agreement governing the Company's $900M asset-based lending facility (the "ABL Facility"), led by Bank of America, N.A. as Administrative Agent and Collateral Agent, which amends the Company's existing Credit Agreement, dated as of September 25, 2020 (as amended, the "Credit Agreement").
  • Lending on Government Receivables and Contracts
    Nov 2, 2023
    Government contractors’ performance and lending requirements can change with the slightest turn due to financial regulations, acts of nature and geopolitical occurrences. Knowing you are secure in lending to, or financing, government contractors starts here.
  • MidFirst Business Credit Announces New Lending Relationship with LDC Stone, Inc.
    Nov 1, 2023
    MidFirst Business Credit (MFBC) announced it has recently provided a $25 million working capital facility to LDC Stone, Inc. (“LDC”).  Headquartered in Addison, TX, LDC provides design, manufacturing and installation of kitchen and bath cabinet solutions to builders/contractors of single family and multi-family dwellings.  
  • Ares Commercial Finance Adds Managing Director to its Business Development Team
    Oct 31, 2023
    Ares Commercial Finance is pleased to announce that Lindsay Gray has joined its Business Development team as a Managing Director. Based in Florida, Ms. Gray is responsible for business development and origination, with a focus on direct lending, commercial banking and restructuring advisor relationships.
  • GeorgeThorson_150 Transportation Factoring in a Freight Recession
    Oct 30, 2023
    Factoring for trucking companies and brokerages has skyrocketed in the last 10 years. An estimate on factoring company purchases is $90 billion annually. There are about 250,000 active for-hire carriers with 96 percent having six trucks or less. Factoring remains a necessary and viable tool for smaller carriers who have limited access to bank lines of credit or asset-based lenders. The transportation factoring company fills this void through the built-in elasticity of its offering – helping companies expand when the transportation industry is booming and sustain business when the industry is down. 
  • Commercial Finance Partners Promotes Buanno to President
    Oct 30, 2023
    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. 
  • CassieRosenthal_150 The State of Retail: How Did We Get Here and What’s on the Horizon?
    Oct 25, 2023
    While retail data reported at the mid-summer mark pointed to a strong labor market, steady consumer spending in certain categories and retail sales up from last year for several straight months, the data only tells one side of the story. The numbers are merely inching forward, as growth across many sectors has been sluggish, if not altogether fl at. This year has unexpectedly been a mixed bag for the retail and credit market, and with continued volatility and an overall lackluster economic forecast, businesses and lenders must be prepared for any scenario.
  • Cambridge Savings Bank Hires Michael Richardson as Vice President, Relationship Manager – Asset-Based Lending
    Oct 25, 2023
    Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and more than $6 billion in assets, today announced the appointment of Michael Richardson to the role of Vice President, Relationship Manager, on the Asset-Based Lending (ABL) team. Richardson will be responsible for managing several of the bank’s ABL relationships, while leveraging his vast network to identify and close on new lending opportunities. 
  • TerryKeating_150 Staffing: An Industry with Many Facets
    Oct 23, 2023
    In May of 2022, when the author became CEO of Access Capital, the Company already had a long history of being a leading non-bank lender to the staffing industry. In this article, written with the help of Raphael Torres, head of business development, and Jessica Sanchez, director of marketing, Terry Keating will share some thoughts about the industry that he has learned through his journey over the past 18 months.
  • eCapital Appoints David Gladu as President, Head of Factoring Group, North America
    Oct 23, 2023
    eCapital Corp. ("eCapital" or "the Company"), a leading finance provider in North America and the UK, is proud to announce the appointment of David Gladu as President, Head of Factoring Group, North America. In the new role, Gladu will lead the expansion and advancement of eCapital's substantial factoring portfolio and divisional initiatives.
  • JenSheasgreen Navigating the Future: Exploring Opportunities in Healthcare Asset-Based Lending
    Oct 17, 2023
    Healthcare is an industry that is constantly changing. Lenders wishing to lend into the space need to develop expertise pertaining to the unique financial needs and challenges of the sector. This article explores the opportunities to lend into this space.
  • Kabir Vassanji_150 A Framework For Championing Securitization in Africa to Mobilize Capital and Drive Economic Development
    Oct 12, 2023
    The potential of securitization to meet a range of financing needs in African markets is yet to be fully realized.
  • Tony Montemurro Joins Mitsubishi HC Capital America as Vice President, Sales for Structured Finance
    Oct 12, 2023
    Mitsubishi HC Capital America, the largest non-bank, non-captive finance provider in North America with $7.5 billion in owned and managed assets, announces that Tony Montemurro has joined the company’s Structured Finance and  Leasing team as Vice President, Sales.
  • Anatomy of a Deal: Entrepreneurial
    Oct 10, 2023
    Joseph Heim and Jamie Franz of Culain Capital illustrate a recent deal and how being creative is critical to victory.
  • Prominent Banking Partner Rejoins Latham & Watkins In New York
    Latham & Watkins LLP is pleased to announce that Jennifer Ezring has rejoined the firm's New York office as a partner in the Banking Practice. Ezring has significant experience advising commercial and investment banks on leveraged finance and asset-based lending transactions.
  • Gen Merritt Parikh-Headshot_150 Anatomy of a Deal: Participations
    At Haversine Funding, we take pride in offering unique and flexible alternatives to our clients. The adaptability built into our DNA allows us to provide senior and junior lines of credit - exclusively to factors and lenders - ensuring we don’t compete with our clients.
  • Anatomy of a Deal: Non-Bank ABL Solutions - Maximizing Availability and Flexibility

    White Oak executives detail a complex deal that unlocked substantial liquidity for an asset-heavy borrower in a non-traditional ABL industry.

  • SFNet Announces Governance Boards Leadership
    Oct 2, 2023
    The Secured Finance Network Executive Committee and Member Directors of SFNet have approved the FY24 SFNet Executive and Management Committee members. In addition, the Secured Finance Foundation Board and its Member Donors have approved the FY24 SFFound Board and Officers. 
  • Peoples Financial Services Corp. and FNCB Bancorp, Inc. Announce Transformational Strategic Merger
    Sep 28, 2023
     Peoples Financial Services Corp. ("Peoples") (Nasdaq: PFIS) and FNCB Bancorp, Inc. ("FNCB") (Nasdaq: FNCB) today announced they have entered into a definitive agreement under which Peoples and FNCB will combine in an all-stock strategic merger valued at approximately $129.0 million based on a 20-day volume.