President Donald Trump on Tuesday announced nominations for several key financial regulatory positions. He named Jonathan McKernan to lead the Consumer Financial Protection Bureau, replacing Rohit Chopra.

Sallyport Commercial Finance is thrilled to announce that it has successfully provided a $10,000,000 facility to a leading hydroponic and lighting supplies company in the Agricultural industry. The funding, structured across Accounts Receivable, Inventory, and Purchase Order Finance, will empower the company with the working capital necessary to support their rapid growth and the launch of an exciting new product line

White Oak Commercial Finance (“WOCF”), an affiliate of White Oak Global Advisors (“White Oak”), announced it has provided a $60M revolving credit facility to a leading utility construction and infrastructure company in the United States. The company and its operating entities specialize in building, upgrading, and maintaining next-generation infrastructure networks for utility and communication partners nationwide.

Invesco Private Credit has successfully closed its flagship Invesco Direct Lending Fund II, raising a substantial $1.4 billion in investable capital. This achievement not only strengthens Invesco's position in the $1.4 trillion private credit market but also capitalizes on favorable market dynamics, creating opportunities for private lenders like Invesco

Provident Bank, a leading New Jersey-based financial institution, is pleased to announce the addition of Bill Fink as Executive Vice President, Chief Lending Officer, leading the commercial bank and the commercial lending growth strategy.

Universal Kraft Canada Renewables, a joint venture between Korkia and Universal Kraft, announced a USD 15 million initial commitment credit facility, expandable to up to USD 50 million, with American asset-based lender Crayhill Capital Management.

Siena Lending Group LLC ("Siena"), a leading asset-based lending company, is pleased to announce the closing of a $27,500,000 asset-based credit facility for Pure Safety Group (“PSG”), a global leader in fall protection equipment and safety solutions. The credit facility will provide PSG with enhanced financial flexibility to support its working capital needs and strategic growth initiatives.

MidCap Business Credit LLC announced today that it has completed a $10 million asset-based line of credit to a distributor of winter clothing. The opportunity was sourced and closed out of MidCap’s headquarters in West Hartford, CT.

Blank Rome LLP is pleased to announce that James “Jim” M. Cretella and Ikhwan A. Rafeek have joined the firm’s leading Finance, Restructuring & Bankruptcy group in New York. Jim and Ikhwan represent institutional and specialty lenders, banks, and commercial finance and factoring companies in a variety of asset-based lending (“ABL”), specialty finance, and corporate transactions.

Light & Wonder, Inc. and Light and Wonder International, Inc. (collectively, Light & Wonder or LNW) (BB/Stable) are seeking to upsize their existing senior secured revolving credit facility to $1 billion from $750 million and extend the maturity to Feb. 2030 from April 2027, according to Fitch Ratings.

Wells Fargo has partnered with Q2 Holdings to launch a new commercial banking platform, supporting its digital transformation efforts and enhancing bankers’ efficiency.

Stellus Capital Management, LLC ("Stellus") announced today that its affiliates led the successful syndication of senior debt financing to support the growth of Eskola, LLC ("Eskola"), a commercial roofing contractor backed by Eagle Merchant Partners.

Climate First Bank (www.climatefirstbank.com), the world’s first FDIC-insured digital community bank founded to combat the climate crisis, is pleased to announce the appointment of Scott Frederick as Vice President, Business Development Officer for the bank’s Structured Finance division. In his new role, Scott will focus on Factoring and Asset Based Lending, bringing his extensive experience and expertise to the bank.

Mitsubishi HC Capital America, the largest non-bank, non-captive finance provider in North America, is pleased to announce that Wayne Pass, Senior Vice President and Chief Credit Officer for the Vendor Solutions division, has been named to Equifax’s Commercial Finance Network (CFN) Advisory Board of Directors.

Encina Lender Finance, LLC (“ELF”) and Cardo AI have created a partnership to revolutionize the asset-based finance (ABF) market, delivering faster, more efficient funding solutions for originators and greater capital deployment opportunities for institutional investors (LPs).

LSQ, a leading provider of working capital and payments management solutions, recently originated a $2.5 million accounts receivable credit facility for a Minnesota-based producer of snack foods.

Tradewind Finance, a global trade finance provider whose solutions enable businesses to optimize their cash flow and accelerate growth, has today announced $15 million in funding for one of the leading fuel distributing companies in the Caribbean.

Monroe Capital LLC announced it acted as joint lead arranger on the funding of a senior credit facility to support the investment in Global, the Source (“Global”) by Platinum Equity.

Solifi, a global fintech software partner for secured finance, announced the successful implementation of its equipment finance solutions by Rosenthal & Rosenthal, the leading private commercial finance firm in the United States.

Amerisource Business Capital is pleased to announce the successful closing and funding of a $2,000,000 ABL revolving line of credit, leveraging A/R and inventory, for a mechanical repair service provider catering to construction companies and contractors in the Midwest. This facility will support the company’s rapid growth and working capital requirements.