-
Guarded Optimism Prevails as Executives Chart the Future
Aug 1, 2019Strengthening Bank Relationships Is Crucial to Seize Business Opportunities in the Potential Economic Downturn
-
White Oak Healthcare Finance Provides $81 Million Credit Facility to GMF Capital
Aug 6, 2019
The funds were used to refinance a portfolio of 14 skilled nursing facilities concentrated in Ohio and Kentucky. As part of the transaction, White Oak also provided a $15.0 million line of credit to the operating company.
-
Citizens Commercial Banking leads new financing for Octo’s acquisition of Connexta
Aug 5, 2019Citizens Commercial Banking led new financing for Octo, a Reston, Va.-based provider of next-generation solutions for the federal market, that was used to acquire Connexta, a Phoenix, Ariz.-based leader in open source software development and secure discovery solutions for government and commercial customers.
-
AloStar Capital Finance Provides $30 Million Credit Facility to BlackRiver Business Capital
Aug 1, 2019
AloStar Capital Finance successfully agented and closed a $30 million credit facility to BlackRiver Business Capital (doing business as ACG Equipment Finance), an equipment finance company focused on the small-to-mid-ticket market from $10,000-$250,000.
-
Interview with BMO’s Michael Ganann and Mike Scolaro
Aug 1, 2019
In May, BMO Harris Bank announced that it had hired Michael Ganann as Managing Director, Retail Originations, Asset-Based Lending. In this role, he will lead the coverage efforts in calling nationwide on BMO clients and prospects in the retail industry.
-
Business Capital Delivers Over $300 Million Funding for Solar Fintech Company
Aug 1, 2019Business Capital (BizCap) acted as a strategic advisor to a leading FinTech company focused on providing residential solar loans to homeowners nationally. -
Thoughts on the First Quarter 2019 Asset-Based Lending Index
Jul 30, 2019
If we were to represent Q1 2019 as one of those office motivational posters, “Little by little, a little becomes a lot” would be appropriate.
-
People’s United Bank Leads Expansion of Credit Facility to $50 Million for MVC Capital, Inc.
Jul 30, 2019
People’s United’s Asset-Based Lending (ABL) and Capital Markets teams partnered on the facility that will provide MVC with working capital for future acquisitions and investments.
-
PNC Bank Provides Financing to Water & Wastewater Infrastructure Products Manufacturer
Jul 30, 2019
PNC Bank, National Association, announced today the closing of a $30 million senior secured credit facility for Sugar Land, TX-based Sigma Piping Products 2019, LLC (SPP).
-
Sierra, MCC and MDLY Amend Merger Agreements Which Would Create Leading Internally Managed BDC
Jul 29, 2019MCC will merge with and into Sierra and Sierra will simultaneously acquire MDLY and its existing asset management business, which will operate as a wholly owned subsidiary of the Company.
-
SFNet's International Lending Conference Examined Critical Issues, Explored Opportunities, Relating to Cross-border Lending
The Secured Finance Network (formerly Commercial Finance Association) held its 13th Annual International Lending Conference at DLA Piper in London, May 21-23. Attendees heard from a variety of leaders discussing the critical issues and opportunities relating to cross-border lending including looming economic upheaval, potential recession and geopolitical uncertainty.
-
Fifth Third Business Capital Provides $10 Million for Kratos Building Products, Inc.
Jul 25, 2019Fifth Third Business Capital, a division of Fifth Third Bank, announced it acted as sole lender and administrative agent on the funding of a $10,000,000 senior credit facility to Farmers Branch, Texas-based Kratos Building Products, Inc. (“Kratos”).
-
Santander US Appoints Timothy Wennes as President and CEO of Santander Bank, N.A., and Juan Carlos Alvarez as Santander US and SBNA CFO
Jul 24, 2019
Timothy Wennes will become President and Chief Executive Officer of Santander Bank, N.A. ("SBNA"), effective Sept. 16, 2019. He joins SBNA from MUFG Union Bank in California. Wennes succeeds Duke Dayal, who was named Chief Financial Officer of Santander UK on July 10, 2019, effective Sept. 16, 2019. Dayal currently serves as CEO of SBNA and CFO of Santander US.
-
The UK Government Moves Closer to Potentially Damaging Legislation Impacting the UK ABL Industry and Its Clients
The UK Government announced 11th July 2019, through the publication of the Draft Finance Bill, that it is going ahead with the reinstatement of Crown Preference in respect of VAT and PAYE.
-
Interview with David Koshenina, Head of WFCC’s Lender Finance Group
Jul 22, 2019Wells Fargo Commercial Capital (WFCC) recently announced that David Koshenina is head of its Lender Finance Group. In his new role, he will lead a team that provides asset-based lending for specialty finance companies, including other asset-based lenders, factors, equipment leasing, and other nonbank lenders.
-
Hercules Capital Appoints Scott Bluestein as Chief Executive Officer and President
Jul 19, 2019Mr. Bluestein, who has held several leadership roles in his nine years with the Company, has served as Hercules’ interim CEO since March 2019 and as Chief Investment Officer since 2014.
-
Citizens CML Banking Leads New Financing for Aerospace Industry
Jul 9, 2019Citizens Commercial Banking led a new credit facility for United Kingdom-based Bromford Industries, a leading supplier of complex, close tolerance engine components, fabrications and assemblies for the global aerospace and power generation industries, to acquire Accrofab Limited.
-
Wells Fargo Capital Finance Completes Financing for Brooks Brothers
Jul 9, 2019
Wells Fargo Capital Finance, part of Wells Fargo Commercial Capital, announced the completion of financing for Brooks Brothers, the storied U.S. apparel brand and one of its oldest clothing retailers.
-
Lien Trouble Down on the Farm
Jul 2, 2019In a priority dispute between a bank and two nurseries, the bank prevailed. The dispute concerned who held the senior lien in over a million dollars’ worth of trees and shrubs in three states. By Samuel R. Henninger -
Siena Lending Group LLC Announces the Closing of a $10 Million Credit Facility for Southwest Spirits & Wine, LLC
Jul 2, 2019
Siena Lending Group LLC (“Siena”) announces the completion of a $10.0 million asset-based revolving line of credit and term loan for Southwest Spirits & Wine, LLC (“Southwest Spirits”).
-
Guarded Optimism Prevails as Executives Chart the Future
Aug 1, 2019
Strengthening Bank Relationships Is Crucial to Seize Business Opportunities in the Potential Economic Downturn
-
White Oak Healthcare Finance Provides $81 Million Credit Facility to GMF Capital
Aug 6, 2019
The funds were used to refinance a portfolio of 14 skilled nursing facilities concentrated in Ohio and Kentucky. As part of the transaction, White Oak also provided a $15.0 million line of credit to the operating company.
-
Citizens Commercial Banking leads new financing for Octo’s acquisition of Connexta
Aug 5, 2019Citizens Commercial Banking led new financing for Octo, a Reston, Va.-based provider of next-generation solutions for the federal market, that was used to acquire Connexta, a Phoenix, Ariz.-based leader in open source software development and secure discovery solutions for government and commercial customers.
-
AloStar Capital Finance Provides $30 Million Credit Facility to BlackRiver Business Capital
Aug 1, 2019
AloStar Capital Finance successfully agented and closed a $30 million credit facility to BlackRiver Business Capital (doing business as ACG Equipment Finance), an equipment finance company focused on the small-to-mid-ticket market from $10,000-$250,000.
-
Interview with BMO’s Michael Ganann and Mike Scolaro
Aug 1, 2019
In May, BMO Harris Bank announced that it had hired Michael Ganann as Managing Director, Retail Originations, Asset-Based Lending. In this role, he will lead the coverage efforts in calling nationwide on BMO clients and prospects in the retail industry.
-
Business Capital Delivers Over $300 Million Funding for Solar Fintech Company
Aug 1, 2019Business Capital (BizCap) acted as a strategic advisor to a leading FinTech company focused on providing residential solar loans to homeowners nationally.
-
Thoughts on the First Quarter 2019 Asset-Based Lending Index
Jul 30, 2019
If we were to represent Q1 2019 as one of those office motivational posters, “Little by little, a little becomes a lot” would be appropriate.
-
People’s United Bank Leads Expansion of Credit Facility to $50 Million for MVC Capital, Inc.
Jul 30, 2019
People’s United’s Asset-Based Lending (ABL) and Capital Markets teams partnered on the facility that will provide MVC with working capital for future acquisitions and investments.
-
PNC Bank Provides Financing to Water & Wastewater Infrastructure Products Manufacturer
Jul 30, 2019
PNC Bank, National Association, announced today the closing of a $30 million senior secured credit facility for Sugar Land, TX-based Sigma Piping Products 2019, LLC (SPP).
-
Sierra, MCC and MDLY Amend Merger Agreements Which Would Create Leading Internally Managed BDC
Jul 29, 2019MCC will merge with and into Sierra and Sierra will simultaneously acquire MDLY and its existing asset management business, which will operate as a wholly owned subsidiary of the Company.
-
SFNet's International Lending Conference Examined Critical Issues, Explored Opportunities, Relating to Cross-border Lending
The Secured Finance Network (formerly Commercial Finance Association) held its 13th Annual International Lending Conference at DLA Piper in London, May 21-23. Attendees heard from a variety of leaders discussing the critical issues and opportunities relating to cross-border lending including looming economic upheaval, potential recession and geopolitical uncertainty.
-
Fifth Third Business Capital Provides $10 Million for Kratos Building Products, Inc.
Jul 25, 2019Fifth Third Business Capital, a division of Fifth Third Bank, announced it acted as sole lender and administrative agent on the funding of a $10,000,000 senior credit facility to Farmers Branch, Texas-based Kratos Building Products, Inc. (“Kratos”).
-
Santander US Appoints Timothy Wennes as President and CEO of Santander Bank, N.A., and Juan Carlos Alvarez as Santander US and SBNA CFO
Jul 24, 2019
Timothy Wennes will become President and Chief Executive Officer of Santander Bank, N.A. ("SBNA"), effective Sept. 16, 2019. He joins SBNA from MUFG Union Bank in California. Wennes succeeds Duke Dayal, who was named Chief Financial Officer of Santander UK on July 10, 2019, effective Sept. 16, 2019. Dayal currently serves as CEO of SBNA and CFO of Santander US.
-
The UK Government Moves Closer to Potentially Damaging Legislation Impacting the UK ABL Industry and Its Clients
The UK Government announced 11th July 2019, through the publication of the Draft Finance Bill, that it is going ahead with the reinstatement of Crown Preference in respect of VAT and PAYE.
-
Interview with David Koshenina, Head of WFCC’s Lender Finance Group
Jul 22, 2019Wells Fargo Commercial Capital (WFCC) recently announced that David Koshenina is head of its Lender Finance Group. In his new role, he will lead a team that provides asset-based lending for specialty finance companies, including other asset-based lenders, factors, equipment leasing, and other nonbank lenders.
-
Hercules Capital Appoints Scott Bluestein as Chief Executive Officer and President
Jul 19, 2019Mr. Bluestein, who has held several leadership roles in his nine years with the Company, has served as Hercules’ interim CEO since March 2019 and as Chief Investment Officer since 2014.
-
Citizens CML Banking Leads New Financing for Aerospace Industry
Jul 9, 2019Citizens Commercial Banking led a new credit facility for United Kingdom-based Bromford Industries, a leading supplier of complex, close tolerance engine components, fabrications and assemblies for the global aerospace and power generation industries, to acquire Accrofab Limited.
-
Wells Fargo Capital Finance Completes Financing for Brooks Brothers
Jul 9, 2019
Wells Fargo Capital Finance, part of Wells Fargo Commercial Capital, announced the completion of financing for Brooks Brothers, the storied U.S. apparel brand and one of its oldest clothing retailers.
-
Lien Trouble Down on the Farm
Jul 2, 2019In a priority dispute between a bank and two nurseries, the bank prevailed. The dispute concerned who held the senior lien in over a million dollars’ worth of trees and shrubs in three states. By Samuel R. Henninger
-
Siena Lending Group LLC Announces the Closing of a $10 Million Credit Facility for Southwest Spirits & Wine, LLC
Jul 2, 2019
Siena Lending Group LLC (“Siena”) announces the completion of a $10.0 million asset-based revolving line of credit and term loan for Southwest Spirits & Wine, LLC (“Southwest Spirits”).
-
Guarded Optimism Prevails as Executives Chart the Future
Aug 1, 2019
Strengthening Bank Relationships Is Crucial to Seize Business Opportunities in the Potential Economic Downturn
-
White Oak Healthcare Finance Provides $81 Million Credit Facility to GMF Capital
Aug 6, 2019
The funds were used to refinance a portfolio of 14 skilled nursing facilities concentrated in Ohio and Kentucky. As part of the transaction, White Oak also provided a $15.0 million line of credit to the operating company.
-
Citizens Commercial Banking leads new financing for Octo’s acquisition of Connexta
Aug 5, 2019Citizens Commercial Banking led new financing for Octo, a Reston, Va.-based provider of next-generation solutions for the federal market, that was used to acquire Connexta, a Phoenix, Ariz.-based leader in open source software development and secure discovery solutions for government and commercial customers.
-
AloStar Capital Finance Provides $30 Million Credit Facility to BlackRiver Business Capital
Aug 1, 2019
AloStar Capital Finance successfully agented and closed a $30 million credit facility to BlackRiver Business Capital (doing business as ACG Equipment Finance), an equipment finance company focused on the small-to-mid-ticket market from $10,000-$250,000.
-
Interview with BMO’s Michael Ganann and Mike Scolaro
Aug 1, 2019
In May, BMO Harris Bank announced that it had hired Michael Ganann as Managing Director, Retail Originations, Asset-Based Lending. In this role, he will lead the coverage efforts in calling nationwide on BMO clients and prospects in the retail industry.
-
Business Capital Delivers Over $300 Million Funding for Solar Fintech Company
Aug 1, 2019Business Capital (BizCap) acted as a strategic advisor to a leading FinTech company focused on providing residential solar loans to homeowners nationally.
-
Thoughts on the First Quarter 2019 Asset-Based Lending Index
Jul 30, 2019
If we were to represent Q1 2019 as one of those office motivational posters, “Little by little, a little becomes a lot” would be appropriate.
-
People’s United Bank Leads Expansion of Credit Facility to $50 Million for MVC Capital, Inc.
Jul 30, 2019
People’s United’s Asset-Based Lending (ABL) and Capital Markets teams partnered on the facility that will provide MVC with working capital for future acquisitions and investments.
-
PNC Bank Provides Financing to Water & Wastewater Infrastructure Products Manufacturer
Jul 30, 2019
PNC Bank, National Association, announced today the closing of a $30 million senior secured credit facility for Sugar Land, TX-based Sigma Piping Products 2019, LLC (SPP).
-
Sierra, MCC and MDLY Amend Merger Agreements Which Would Create Leading Internally Managed BDC
Jul 29, 2019MCC will merge with and into Sierra and Sierra will simultaneously acquire MDLY and its existing asset management business, which will operate as a wholly owned subsidiary of the Company.
-
SFNet's International Lending Conference Examined Critical Issues, Explored Opportunities, Relating to Cross-border Lending
The Secured Finance Network (formerly Commercial Finance Association) held its 13th Annual International Lending Conference at DLA Piper in London, May 21-23. Attendees heard from a variety of leaders discussing the critical issues and opportunities relating to cross-border lending including looming economic upheaval, potential recession and geopolitical uncertainty.
-
Fifth Third Business Capital Provides $10 Million for Kratos Building Products, Inc.
Jul 25, 2019Fifth Third Business Capital, a division of Fifth Third Bank, announced it acted as sole lender and administrative agent on the funding of a $10,000,000 senior credit facility to Farmers Branch, Texas-based Kratos Building Products, Inc. (“Kratos”).
-
Santander US Appoints Timothy Wennes as President and CEO of Santander Bank, N.A., and Juan Carlos Alvarez as Santander US and SBNA CFO
Jul 24, 2019
Timothy Wennes will become President and Chief Executive Officer of Santander Bank, N.A. ("SBNA"), effective Sept. 16, 2019. He joins SBNA from MUFG Union Bank in California. Wennes succeeds Duke Dayal, who was named Chief Financial Officer of Santander UK on July 10, 2019, effective Sept. 16, 2019. Dayal currently serves as CEO of SBNA and CFO of Santander US.
-
The UK Government Moves Closer to Potentially Damaging Legislation Impacting the UK ABL Industry and Its Clients
The UK Government announced 11th July 2019, through the publication of the Draft Finance Bill, that it is going ahead with the reinstatement of Crown Preference in respect of VAT and PAYE.
-
Interview with David Koshenina, Head of WFCC’s Lender Finance Group
Jul 22, 2019Wells Fargo Commercial Capital (WFCC) recently announced that David Koshenina is head of its Lender Finance Group. In his new role, he will lead a team that provides asset-based lending for specialty finance companies, including other asset-based lenders, factors, equipment leasing, and other nonbank lenders.
-
Hercules Capital Appoints Scott Bluestein as Chief Executive Officer and President
Jul 19, 2019Mr. Bluestein, who has held several leadership roles in his nine years with the Company, has served as Hercules’ interim CEO since March 2019 and as Chief Investment Officer since 2014.
-
Citizens CML Banking Leads New Financing for Aerospace Industry
Jul 9, 2019Citizens Commercial Banking led a new credit facility for United Kingdom-based Bromford Industries, a leading supplier of complex, close tolerance engine components, fabrications and assemblies for the global aerospace and power generation industries, to acquire Accrofab Limited.
-
Wells Fargo Capital Finance Completes Financing for Brooks Brothers
Jul 9, 2019
Wells Fargo Capital Finance, part of Wells Fargo Commercial Capital, announced the completion of financing for Brooks Brothers, the storied U.S. apparel brand and one of its oldest clothing retailers.
-
Lien Trouble Down on the Farm
Jul 2, 2019In a priority dispute between a bank and two nurseries, the bank prevailed. The dispute concerned who held the senior lien in over a million dollars’ worth of trees and shrubs in three states. By Samuel R. Henninger
-
Siena Lending Group LLC Announces the Closing of a $10 Million Credit Facility for Southwest Spirits & Wine, LLC
Jul 2, 2019
Siena Lending Group LLC (“Siena”) announces the completion of a $10.0 million asset-based revolving line of credit and term loan for Southwest Spirits & Wine, LLC (“Southwest Spirits”).
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