An online auction by Tiger Group on April 29 features equipment from the advanced operations of a California battery manufacturer. Originally acquired for approximately $6 million, the 74 lots of machinery and equipment on offer are excess to the manufacturer’s ongoing operations; many pieces are unused.

CIBC today announced the addition of Ben Colley as Managing Director, Business Development Officer in its Asset-Based Lending (ABL) team. With over 12 years of asset-based lending experience in both originations and underwriting, he will lead new deal originations across the Southeast region which includes Georgia, the Carolinas, Florida, Tennessee, Alabama, Mississippi and Arkansas.

Rosenthal & Rosenthal, Inc., the leading private commercial finance firm in the United States, today announced the completion of five equipment financing deals totaling $10 million in the first quarter of 2025.

Citizens Financial Group, Inc. (NYSE: CFG) today announced that Azra Pravdic has been named head of Enterprise Strategy, effective May 12. Azra will report to John Woods, Vice Chair and Chief Financial Officer, and to Bruce Van Saun, Chairman and Chief Executive Officer.

Tapcheck, a leading on-demand pay provider, today announced it has raised $225 million in combined equity and debt financing. This latest funding includes a $25 million Series A extension round led by existing investor, PeakSpan Capital, and a $200 million credit facility provided by Victory Park Capital.

Mitsubishi UFJ Financial Group (MUFG), a global leader in financial services, is pleased to announce the closing of a USD 75 million senior secured revolving credit facility (“RCF”) for Sun Country Airlines, Inc. (“Sun Country”). MUFG acted as Sole Structuring Agent and a Joint Lead Arranger with a USD 37.5 million commitment. Sumitomo Mitsui Banking Corporation, acting as the other Joint Lead Arranger, provided the additional USD 37.5 million commitment.

Archtop Fiber ("Archtop" or "the Company"), a provider of multi-gig, 100%-fiber Internet and phone service to residential and business customers across the Northeast, has successfully closed on a new credit facility agented and led by Chicago-based, Monroe Capital ("Monroe").

BizCap®, a national commercial finance and advisory firm, today announced that it has successfully facilitated a $175 million financing package for a leading integrated services provider to the electric utility and oil and gas industries in North America and U.S. territories.

Paladin is a middle-market advisory firm driving value creation through financial and operational consulting services. Our team of expert consultants, from a range of disciplines, unites with our clients to deliver tailored solutions that yield tangible and lasting results.

Advantage Business Capital, a subsidiary of Central Bank, today announces that its asset-based lending (ABL) division has approved and funded a $5MM working capital revolver to a Houston, Texas headquartered upstream oil and gas services company.

Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced the closing of a senior secured term loan facility with Roadclipper Enterprises (“Roadclipper” or “Diamond C”).

PlainsCapital Bank is pleased to announce that Jason Hampton has joined its Austin lending team as Senior Vice President, Senior Commercial Loan Officer. He will be based at the Bank’s Westlake location at 2705 Bee Caves Road, Suite 120.

FGI Worldwide LLC (www.FGIWW.com) has announced the hiring of Lydia Taylor as Director, FGI Tech. Based in Florida, Ms. Taylor will focus on developing relationships and connecting businesses throughout the United States to T.R.U.S.T., FGI Tech’s cloud-based SaaS credit insurance monitoring platform.

Alpine Ridge Funding is proud to announce the successful closing of a $7.5 million factoring facility for an oil and gas services company. Factoring is a common solution for businesses in industries like oil and gas, where cash flow fluctuates significantly due to the cyclical nature of the industry, long payment terms, or seasonal demands.

MidCap Financial, a leading commercial finance company focused on middle market transactions, today announced it has provided a senior secured credit facility to Silver Group Holdings, LLC (“SilverAssist” or the “Company”). Proceeds from the credit facility will be used to support ongoing working capital needs.

Sterling Commercial Credit has rebranded in response to its product expansion, accelerated company growth, and renewal of its corporate vision. At the heart of this rebranding is a change of the company’s name to Great Elm Commercial Finance (“Great Elm CF”), aligning with its parent, Great Elm Specialty Finance.

Tiger Group has expanded its asset-disposition services for the global oil-and-gas and energy sectors by tapping industry veteran Nick Abueita as Senior Director, Energy.

KBRA releases a series of three research reports that examine how tariffs, market volatility, economic uncertainty, fluctuating spreads, and other macroeconomic headwinds may impact various segments of private credit’s rated transactions, including corporate borrowers, funds, business development companies (BDC), asset managers, and middle market (MM) collateralized loan obligations (CLO).

Driven by continuous growth in the U.S. tech sector, including an increase in IT spending, AI investments, and a renewed focus on innovation,1 Wells Fargo Technology Banking expanded its team of bankers by 20% over the past year, with additional hires expected in 2025. This represents the largest investment in talent Wells Fargo has made in the tech banking group since the team formed 25 years ago.

Southern First Bancshares, Inc. (NASDAQ: SFST), holding company for Southern First Bank, is pleased to announce the promotion of Wes Wilbanks to Chief Credit Officer and Executive Vice President.