Ultimate Finance is to withdraw from the unsecured loan market to concentrate on further investment in asset-based solutions.

Celtic Capital Corporation today announced its most recent new client relationship – a California-based Company that conducts telephone and mail solicitation for 501-C3 charitable organizations or political organizations.

Byline Bank Sponsor Finance ("BSF") announced that it has provided revolver and term credit facilities to finance Kian Capital’s recapitalization of The Eastwood Company (“Eastwood”). BSF was represented by Duane Morris, LLP.

Bibby Financial Services (BFS) has increased Veenak International’s asset funding package to £10m, which will allow the healthcare wholesaler to expand its product offering.

With the latest round of tariffs on a wide swath of goods from China set to hit Sunday, the head of a major trade association representing the apparel and footwear industry is warning the United States is fast approaching “retail Armageddon.”

Tradewind has closed a $2 million export factoring facility for an electronics company based in Hong Kong that sells items such as smart watches, smart bands, and tablets to traders and retailers globally.

Forever 21 Inc. is preparing for a potential bankruptcy filing as the fashion retailer’s cash dwindles and turnaround options fade, according to people with knowledge of the plans.

We are pleased to announce that Hovde’s client, Omaha, NE-based Foley Business Capital (“FBC”), a subsidiary of Foley Holdings (“Foley”), has announced its sale to Memphis, TN-based Vero Business Capital, LLC (“Vero”), a portfolio company of SouthWorth Capital Management (“SouthWorth”).

Terese L. Arenth, a partner in the Garden City law firm of Moritt Hock & Hamroff LLP, was recently appointed by the American Bar Association (ABA) to serve as Vice-Chair of its Promotion & Marketing Law Committee of the ABA Section of Intellectual Property.

People's United Bank, N.A., a subsidiary of People's United Financial, Inc. (NASDAQ: PBCT), announced its Healthcare Finance and Capital Markets Divisions provided a $92 million Credit Facility to MidCap Financial ("MidCap"), a middle market-focused, specialty finance firm that provides senior debt solutions to companies across all industries.

Sallyport Commercial Finance assembles a $250,000 Accounts Receivable facility to a commercial home care agency.

White Oak Commercial Finance announced today the origination of a new revolving credit facility to healthy meal service company The Good Kitchen.

Capital One announced today that it served as the sole lead arranger and administrative agent for a senior secured credit facility for Nova Medical Centers, an occupational medicine provider with 50 locations in Texas, Georgia, Tennessee and Indiana.

Liberty Tax today announced that they have entered into a definitive purchase agreement whereby Liberty Tax will acquire Sears Hometown's Outlet business as well as its Buddy's Home Furnishings Stores in an all cash transaction valued at up to approximately $132.9 million.

Equity Partners (RLH) is pleased to announce that Ryan Smiley has become a Managing Director of the firm.

Byron Stafford today announced that David Din Hwa, Chairman and Chief Executive Officer of Top Investment Bank, has joined the Company's Board of Directors.

Sidley Austin LLP is pleased to announce that Derek Zaba has joined the firm. He will be a partner in Sidley’s global M&A and Private Equity group and co-leader of the shareholder activism practice. A highly regarded shareholder activism defense adviser, Mr. Zaba is joining Sidley in Northern California from PJT Camberview Partners, a leading provider of investor-led advice to public companies.

Mayer Brown announced that Louis Chiappetta has joined its global Restructuring, Bankruptcy & Insolvency (RBI) practice as a resident partner in Chicago. Previously, Mr. Chiappetta was at Skadden, Arps, Slate, Meagher & Flom LLP.

The U.S. business climate remains strong with many companies in growth mode despite recent global economic headwinds – even as the current economic expansion enters its 11th year – according to a new report from Citizens Bank.