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  • SFNet's 2022 Hall of Fame Profiles
    Nov 10, 2022
    On the following pages, we honor the industry icons who have been inducted into the 2022 SFNet Hall of Fame. We all owe a debt of gratitude to these leaders. Although they represent the industry during various periods of time, they have all made  critical contributions to secured finance and deserve our appreciation for making the industry and our association what it is today.
  • Santander Commercial Banking Appoints Two New Leaders
    Nov 10, 2022
    Santander Bank, N.A. today announced the appointments of Donna Cleary to Market Manager and Jim Bravyak to Head of Underwriting & Portfolio Management. In her new role, Cleary will lead an additional team of bankers to focus on the vast opportunity with middle market companies in the New York City and Long Island markets. Bravyak will assume Cleary’s previous role, leading Underwriting and Portfolio Management. 
  • Rosenthal Closes Multiple Factoring Transactions
    Nov 9, 2022
    Rosenthal & Rosenthal, Inc., the leading factoring, asset-based lending, purchase order financing, d2c and e-commerce inventory financing firm in the United States, today announced the completion of several factoring transactions that will help to address working capital needs, mitigate risk and support growth opportunities for clients across multiple sectors.
  • JoBennettColes_150 Funding in the Food Circle – the Winds of Change
    Nov 8, 2022

    Food. It’s at the heart of all our lives. We love it – we think about it – we plan it – we talk about it.

    Never before has there been so much focus on food: where it comes from, how much it costs and how to keep getting it. Just about all of us who have recently bought groceries think: “Wow – that’s a lot more expensive than it was last year.” When I said that recently to a good friend, she responded that this must be due to inflation and Ukraine. I thought: that is too simple an answer.

  • Outset Medical Secures Up To $300 Million in Debt Financing
    Nov 7, 2022
    Outset Medical, Inc. (Nasdaq: OM)(“Outset”), a medical technology company pioneering a first-of-its-kind technology to reduce the cost and complexity of dialysis, today announced that it has entered into two senior secured credit facilities with investment affiliates managed by SLR Capital Partners, LLC (“SLR”) which collectively provide for borrowings of up to $300 million, comprising up to a $250 million term loan facility and up to a $50 million asset-based revolving credit facility.
  • Barry Bobrow Joins Regions Business Capital (RBC) as Managing Director, Head of Credit Markets
    Nov 7, 2022

    Regions Business Capital (RBC) announces that Barry Bobrow has joined as Managing Director, Head of Credit Markets. Barry brings over 35 years of banking experience to this new role, including significant leadership positions in asset-based lending and debt capital markets. 

  • Charlie Perer Interview with Michael Scolaro, BMO Commercial Bank ABL
    Nov 3, 2022
    As part of our series of executive interviews, Charlie Perer sits with Michael Scolaro, managing director and asset based group head for BMO Commercial Bank ABL, to hear his perspective on the state of the BL market, bank vs. non-bank competition, the future of ABL, executive development and competition, among other things.
  • ePlus Expands Credit Facility
    Nov 2, 2022
    ePlus inc. (NASDAQ NGS: PLUS – news) a leading provider of technology and financing solutions, today announced that its wholly-owned subsidiaries ePlus Technology, inc., ePlus Technology Services, inc. and SLAIT Consulting, LLC (collectively, the "Borrowers") recently entered into an amendment to their credit agreement with their lenders (the "Lenders") for which Wells Fargo Commercial Distribution Finance Corporation ("WFCDF") acts as administrative agent. 
  • Talk of Wave of Borrower Defaults Overblown
    Nov 1, 2022
    Will the long-predicted wave of defaults come to fruition? Key players in the industry provide their perspectives.
  • Rosenthal Completes $13 Million in Transactions for Clients Across Multiple Industries
    Nov 1, 2022
    Rosenthal & Rosenthal, Inc., the leading factoring, asset-based lending, purchase order financing, d2c and e-commerce inventory financing firm in the United States, today announced the completion of several transactions, including an asset based lending deal and three deals for Rosenthal’s newest division, Pipeline, serving e-commerce and direct-to-consumer businesses. The funding and financing facilities will help to address clients’ working capital needs and support various growth opportunities.
  • SFNet Creates the SFNet Guide to the California Commercial Finance Disclosure Laws and Regulations
    Oct 31, 2022
    SFNet is pleased to provide its members with what it believes is the most comprehensive Guide to complying with the controversial new California Disclosure Regulations for Commercial Finance Transactions that go into effect December 9, 2022. The Regulations apply to non-regulated commercial institutions offering financial transactions of $500,000 or less to California borrowers.
  • Juanita Schwartzkopf_150 What Does The Second Year of Inflation Tell Us?
    Oct 27, 2022
  • Phoenix Lending Survey Results Reveals Inflation is Driving Economic Conditions and Consumer Spending
    Oct 27, 2022
    Phoenix’s Q3 2022 “Lending Climate in America” survey asked lenders to identify that greatest factor driving the softening global economic conditions. The majority of lenders, seventy-five percent, believe inflation is the greatest factor. Seventeen percent of the lenders surveyed believe that global supply chain issues is the greatest factor. Of the lenders surveyed, eight percent believe the war in Ukraine is the greatest factor driving the softening global economic conditions.
  • Citizens Leads $98.7 Million Loan to Houston-based Hanover Company
    Oct 26, 2022
    Citizens announced today that its Commercial Real Estate Finance team led a $98.7 million loan to Houston-based Hanover Company for the construction of a six-story, 309-unit multi-family project in Laguna Niguel, Calif. Citizens is Joint Lead Arranger and Administrative Agent.
  • Gordon Brothers Welcomes Nick Kitchin as Managing Director
    Oct 25, 2022

    Gordon Brothers, the global advisory, restructuring and investment firm, has welcomed Nick Kitchin as Managing Director.

    Based in London, Kitchin is responsible for capital strategy and originating, structuring and executing investment opportunities in the U.K. and Europe. With over 15 years of experience in restructuring, finance, distressed investing, and mergers and acquisitions, he works with the firm’s pan-European clients to develop customized, flexible and rapid solutions across asset classes.   

  • RedRidge Announces New Hires
    Oct 24, 2022
    RedRidge announced it has hired Andrew Rodgers as associate director. Rodgers has served private equity and corporate clients, with deal sizes valued up to $500M and has experience leading numerous M&A buy-and sell-side due diligence projects across a variety of industries.  Kelsey Mohr has joined RedRidge as associate director. Mohr provides financial due diligence and lender due diligence services at RedRidge. RedRidge also announced Chris DiPietro has joined as a senior associate, based in Connecticut.   
  • Runway Growth Capital Announces a Senior Secured Term Loan of $45 Million to Nalu Medical
    Oct 24, 2022
    Runway Growth Capital LLC ("Runway"), a leading provider of growth loans to both venture and non-venture-backed companies seeking an alternative to raising equity, today announced the close of a senior secured term loan of $45 million to Nalu Medical, Inc. ("Nalu"), a privately held medical device company focused on innovative and minimally invasive solutions for chronic neuropathic pain.

      

  • Flagship Healthcare Trust Secures New $265 Million Revolving Credit Facility From Fifth Third Bank-Led Consortium
    Oct 20, 2022

    Flagship Healthcare Trust, Inc. (Flagship REIT), a Charlotte-based outpatient healthcare real estate investment trust, has expanded its syndicated senior revolving credit facility arranged by Fifth Third Bank.

    The $265 million senior secured credit facility has a $100 million revolver and a $165 million term loan. Flagship also increased its borrowing capacity by an additional $200 million through an accordion feature.

  • Singing Machine Company Secures $15.0 Million Senior Secured Financing with Fifth Third Bank
    Oct 18, 2022
    The Singing Machine Company (“Singing Machine” or the “Company”) (NASDAQ: MICS) has entered into an agreement for senior secured financing with Fifth Third Bank, N.A. (“Fifth Third”). Under the agreement (“Fifth Third Facility”), Fifth Third will provide the Company with up to $15.0 million dollars in asset-based lending during the Company’s peak shipping season and reduce to $7.5 million from January 1 to June 30.
  • WebsterBank_AbbyParsonnet_150 Abby Parsonnet to Lead Nationwide Asset Based Lending and Commercial Services for Webster
    Oct 17, 2022
    Webster Bank is pleased to announce that Abby Parsonnet, is now Executive Managing Director, Head of Asset Based Lending (ABL) for Webster Bank. In her role, she will oversee the nationwide Asset Based Lending and Commercial Services teams at Webster, which also includes Staffing Solutions and Factoring. She reports to Chris Motl, President of Commercial Banking.

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