An existing client of Allied received an acquisition opportunity with an assignment for the benefit of creditors sale and was seeking financing for the purchase, along with ongoing working capital for their operations and growth.

Christopher Addison, Shawn Janko, Jake Nash to Join Bank as Managing Directors

CIT Group Inc. (NYSE: CIT) announced that it served as sole lead arranger of a $60 million financing for Carolina Restaurant Group (CRG), operators of 108 Wendy’s restaurant franchises across North Carolina and South Carolina.

Crestmark secured a total of $27,055,000 in ABL financial solutions for 13 new clients; Crestmark Equipment Finance provided $4,673,558 in four new lease transactions; Crestmark Vendor Finance provided $6,870,396 in 49 new lease transactions; the Joint Ventures Division provided $1,369,370 for one new client; and the Government Guaranteed Lending Division provided $2,010,000 in financing for three new clients in the second half of July.

In this role, Travis will be responsible for new business origination and other business development objectives in the southeastern U.S.

Through the Bank on Building a Brighter Community campaign two-and-a-half hours of tutoring will be donated for every qualifying checking account opened

Rosenthal & Rosenthal, Inc., today announced the completion of a recent $2 million purchase order finance facility to support the production financing requirements of a California-based cosmetic and beauty products company.

UMB Capital Finance is pleased to announce that Rhett Bentley has joined its business development team as a Senior Vice President - Asset Based Lending.

Vcheck Global opens new D.C. office to service significant growth in the background check and due diligence market and makes two strategic hires.

Diamond Business Credit is excited to announce that Dan Roderigues has joined the firm to lead the new business development effort.

LBC served as Agent and Sole Lead Arranger for the senior secured credit facility.

Reaffirms Plan to Emerge from Chapter 11 in Fourth Quarter Calendar 2019

Barneys secured $75 million in new financing from affiliates of Hilco Global and the Gordon Brothers Group to help it keep operating as it navigates the bankruptcy court, it said in a statement.

Mergers and acquisitions among insurance brokerages have reached a record high with 328 deals in the first half of 2019.

CIT Group Inc. today announced that Ken Martin has joined the company as managing director of the Small Business Solutions unit, which is part of its Business Capital division, effective immediately.

Trakopolis IoT Corp. announces that it has entered into an agreement with ESW Holdings, Inc., its senior secured lender, in respect of its US$3.0 million secured credit facility.

Together with the National Center for the Middle Market (NCMM), which is housed at The Ohio State University Fisher College of Business, Chubb has published a summary of findings from the Middle Market Indicator (MMI) report.

Huntington Business Credit announced it closed new credit facilities with Xpress Global Systems, LLC on May 15, 2019.

GridLiance, an independent electric transmission company, today announced that its subsidiary, GridLiance Western Holdings, and transmission company, GridLiance West, closed on two new revolving credit facilities with commitments totaling $185 million.