At Academia Business Capital, we specialize in asset-based lending for challenged companies to help them grow. Asset-based lending is a type of financing where the loan is backed by a company’s physical assets, such as accounts receivable, inventory, equipment, or real estate.

WSFS Financial Corporation (Nasdaq: WSFS), the parent company of WSFS Bank, announced today the addition of industry veteran Kevin Stach to its growing middle market team. As Senior Vice President, Middle Market Senior Relationship Manager, Stach will be focused on serving family- and sponsor-owned companies with revenues between $50-250 million for the Greater Philadelphia area.

Summit Ridge Energy, the nation’s leading commercial solar company, today announced the closing of a $305 million senior secured credit facility with Bank of America to support a portfolio of community solar projects across Illinois and Maryland, totaling 158 megawatts (MW) of capacity. The facility was raised alongside HASI, a leading investor in sustainable infrastructure assets.

BlueLinx Holdings Inc. (NYSE: BXC), a leading U.S. wholesale distributor of building products, today announced that it has executed an agreement that provides the Company with a new five year, $350 million syndicated secured asset based revolving credit facility (the “ABL Facility”), with an option to increase the total commitments under the ABL Facility by up to $300 million subject to certain conditions, including consent from the lenders providing the incremental commitments

AYR Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF) executed a senior secured bridge term loan agreement providing up to $50 million in committed funding to support operations during its restructuring process. The bridge facility consists of Initial Term Loans and Delayed Draw Term Loans, with proceeds designated for working capital, general corporate purposes, and funding a court-supervised wind-down of non-core assets.

Sycamore Tree Capital Partners, L.P. ("Sycamore Tree" or the "Firm"), a specialist asset manager with private and alternative credit investment expertise, today announced the closing of its seventh collateralized loan obligation, STCP 2025-7 ("STCP CLO 7" or the "Fund"), a $505 million vehicle investing in the broadly syndicated loans of U.S. companies.

Squire Patton Boggs has hired Bradley Harris as director in its Financial Services Practice Group in London. He joins the firm’s international Asset-Based Lending (ABL) team from ABN AMRO Bank where he was UK Head of Legal, Commercial Finance & Lease.

Where traditional banks saw risk, Flatbay Capital saw potential. Flatbay developed a custom CRE debt solution, allowing the business to pay off their existing bank debt and avoid a potentially devastating shutdown. The facility was structured around using the company’s fabrication property as collateral, and developing a flexible structure that fit within the company’s financial budget.

Beacon Pointe Advisors ("Beacon Pointe") introduces its three recent RIA acquisitions, increasing the firm's total assets under advisement (AUA) to approximately $48 billion. These acquisitions include Alderfer Bergen & Co. in Warsaw, IN; Moser Wealth Advisors in Bellevue, WA; and Amore Ambro, LLC. in Jericho, NY, thereby strengthening Beacon Pointe's nationwide presence.

Davies, the leading specialist professional services and technology firm serving insurance and highly regulated markets, has announced the appointment of Mark DiMaio as Head of Capital Markets.

Latham & Watkins LLP is pleased to announce that Mohammed Shaheen has rejoined the firm's Chicago office as a partner in the Banking & Private Credit Practice. Shaheen represents banks and private credit funds in complex credit facilities, leveraged and acquisition financings, and restructurings.

O2 Sponsor Finance, a division of Old Second National Bank (NASDAQ:OSBC), today announced that it provided senior secured credit facilities to support San Francisco Equity Partners ("SFEP") in its majority investment in Formula Corp - a leading formulator and contract manufacturer of cleaning products.

Trinity Capital Inc. (NASDAQ: TRIN) (the "Company"), a leading alternative asset manager, today announced the commitment of $15 million in growth capital to TQA, a leader in agentic automation, data, and AI consulting, partnering with organizations to streamline operations and improve efficiency.

nFusion Capital announced it provided a $6 million asset-based lending facility for a Texas-based equipment rental and supply center. The company offers flexible rental solutions for a diverse fleet of equipment, including aerial lifts, earthmoving equipment, compaction tools, power/lighting units, UTVs, and attachments.

The PNC Financial Services Group, Inc. (NYSE: PNC) today announced a definitive agreement to acquire FirstBank Holding Company, including its banking subsidiary FirstBank, headquartered in Lakewood, CO.

Pemberton Asset Management, one of Europe’s leading private credit managers, today announces achieving its fundraise target for its first time NAV Financing Core Fund I at USD 1.7bn, with total assets raised across its NAV Financing and GP Solutions strategies now amounting to USD 2.7bn.

Bank of America has named Jamie Ahdunko, Preferred Banking strategic values initiatives manager, president of Bank of America Reno. She succeeds Andrew Diedrichsen, who led the market since 2019 and will continue as Business Banking senior relationship manager.

Flexi-View Lending is pleased to announce the successful closing of a $5 million non-recourse loan to fund the renovation of a hotel property located in Palm Bay, Florida. This strategic financing supports the borrower’s plans to enhance the property's guest experience and overall market value through a comprehensive renovation initiative.

Global consulting firm J.S. Held reveals the “Lending Climate in America” survey results from Phoenix Management, a part of J.S. Held. The third quarter survey results highlight the persisting lender views on policy decisions and their national/global impacts.

Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity Capital" or "the Company"), a leading alternative asset manager, today announced an increase to $690 million of total commitments under its credit facility led by KeyBank N.A.