A Philadelphia-based nonprofit organization offering education programming throughout Greater Philadelphia since 1992 was in the market for a new funding source. Their most recent source of funding went through financial difficulties of its own and was purchased by another lender that didn’t feel comfortable working with nonprofit clients.

Assembled Brands is pleased to announce $27 million in new facilities during the summer months of 2022. Dispersed to emerging consumer goods brands from various industries, the funds support growth opportunities, improve inventory positions and relieve some of the capital constraints many businesses face in a tumultuous market this year.

Gibraltar proudly welcomes Lisa DeSantis Adams as the newest member of our expert business development team as an SVP and Business Development Officer for the West Region. Lisa is an experienced leader who has accrued more than 25 years’ experience working in bank and non-bank lending environments through originating, structuring and managing debt financing.

Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support Arizona Natural Resources’ (“ANR”) acquisition of Contract Filling Inc. (“CFI”). ANR is an existing portfolio company of CORE Industrial Partners.

Star Mountain Capital, a rapidly growing, employee-owned specialized private investment firm focused on the lower middle-market with over $3 billion AUM announced that Stephen Faughnan, former Managing Director of Operations at Siguler Guff & Company, a $15+ billion AUM multi-strategy Private Equity, Private Credit and Secondary Investments Firm and former Vice President at Goldman Sachs Asset Management has joined as Managing Director of Finance & Operations

Olympia Sports, Antero Brands’ athletic footwear and apparel chain, has selected SB360 Capital Partners LLC (www.sb360.com), as their exclusive consultant to conduct “Going Out of Business” sales in their remaining 34 stores. Earlier this year, SB360 began a series of strategic “Store Closing” or “Total Inventory Blowout” events in select Olympia locations with the most recent group closed in August.

Crossroads Financial, LLC announced it partnered with a factoring company to provide a $4 million inventory revolving line of credit for a manufacturer of technical products for the energy market manufacturing.

Alleon Healthcare Capital (“Alleon”), a specialty finance company focused on providing healthcare accounts receivable financing, medical accounts receivable factoring, and cash flow solutions to medical providers in the U.S., recently closed a $2,000,000 accounts receivable factoring facility with a recruitment and staffing agency based in New York (“Company”).

Tradewind Finance, who has been serving an increasing number of clients in the commodity industry, fit the bill and provided the company with a USD 1 million facility. The facility accelerated cash flow by advancing on the company’s receivables, giving them the financial cushioning to extend payment terms to big box retailers. In addition, the company could pay suppliers faster with the additional capital on hand.

White Oak Commercial Finance, LLC (“White Oak”), an affiliate of White Oak Global Advisors, LLC, announced today that the firm has provided a $4 million non-recourse factoring facility to a leading menswear company. The borrower company boasts 30 years’ experience in the development, design and production of high-quality menswear, and is a family-run business with an extensive background in international sourcing and production.

Great Lakes Business Credit, one of the nation’s fastest-growing non-bank asset-based financing companies, has announced the appointment of Greg Nelson as the company’s regional director. Nelson brings to Great Lakes Business Credit more than 20 years of senior-level financial and banking experience, particularly in the commercial and asset-based lending sectors.

CIT, a division of First Citizens Bank, today announced that its Sponsor Finance business served as lead arranger of debt financing to support SK Capital Partners’ investment in VanDeMark Chemical in partnership with existing co-owner Comvest Partners.

SMBC Nikko Securities America, Inc., a member of SMBC Group, announced today the appointment of Joseph (Joe) A. LaVorgna as Managing Director and Chief Economist.

Churchill Asset Management LLC (“Churchill” or the “Firm”), an investment-specialist of Nuveen which provides customized financing solutions to private equity firms and their portfolio companies, today announced that Carol Loundon has been appointed Deputy Chief Risk Officer.

Siena Lending Group LLC ("Siena") announces the appointment of Dillon Lounsbury as Senior Vice President of Originations, to further strengthen its originations efforts. Throughout his career in asset-based lending, Dillon has worked with customers across a multitude of industries and revenue sizes ranging from $20 million to $5 billion. Based out of Charlotte, NC, Dillon will be responsible for developing and maintaining relationships, as well as originating new business throughout the Mid-Atlantic, North Carolina, and Tennessee.

Hudson Avenue Partners (“Hudson Avenue”) is pleased to announce that Pipeline Technique Ltd. (“PTL” or the “Company”), a portfolio investment of Bluewater Private Equity (“Bluewater”), has completed a transformational acquisition of three leading energy infrastructure units, CRC-Evans, Pipeline Induction Heat and Stanley Inspection, from Stanley Black & Decker, Inc. (“SBK”).

Doc2Doc, a leading LendTech company focused on the medical space, announces the closing of a new $25 million warehouse facility to help further growth, provided by Encina Lender Finance.

Taylor Morrison Home Corporation ( NYSE: TMHC), a leading national land developer and homebuilder, today announced that it entered into an amended credit agreement to increase the aggregate commitment available under its revolving credit facility from $800 million to $1.0 billion. The incremental borrowing capacity provides additional liquidity and financial flexibility, and no borrowings were outstanding as of the closing date.

Aircastle Limited ("Aircastle") announced today that it increased the size of its unsecured revolving credit facility to $1 billion from $900 million by way of a $100 million commitment from BMO Harris Bank N.A. ("BMO"). The facility expires in April 2025 and provides working capital for general corporate purposes, including aircraft acquisition.

WireFX, a Minnesota-based fintech startup and Stearns Bank National Association (“Stearns Bank”), an independently-owned financial institution with locations in Minnesota, Florida and Arizona, announce their partnership to enable end-to-end cross-border payments for Stearns Bank retail and business customers.