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Tradewind Finance Funds Pakistani Workwear Manufacturer for Frontline Professionals
July 26, 2022Tradewind Finance has closed USD 500,000 in funding for a manufacturer of workwear and linens based in Lahore, Pakistan. The company exports to Europe, the UK, and the United States. From chef jackets to medical scrubs, the company is invested in producing quality, comfortable attire for a range of frontline professions. With more than two decades in operation, it also has a stake in the region’s huge home textiles industry as a manufacturer of bed linens and towels.
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Former TBK Bank SVP Joins Florida Factoring Firm
July 26, 2022Nicholas J. Pittas, most recently senior vice president and the industry leader for Defense Contracting and Government Services with TBK Bank, SSB, a subsidiary of Triumph Bancorp, Inc., has joined United Capital Funding, a wholly owned subsidiary of Gulf Coast Bank & Trust Company, as the national sales manager.
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SPECTRUM Commercial Services Opens Arizona Office and Adds Pam McConlogue to Sales Team
July 26, 2022SPECTRUM Commercial Services opens new sales office in Phoenix, AZ and adds new Vice President, Pamela McConlogue. Pam joins SPECTRUM Commercial Services Company (spectrumcommercial.com), bringing over 20 years of experience in commercial banking, factoring and asset based lending. Her track record of success working with commercial lenders, consultants and business owners make her an excellent fit as SPECTRUM expands into Phoenix and surrounding markets.
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eCapital Provides Over $53MM in Facilities to Staffing Companies in First Half of 2022
July 26, 2022eCapital Corp. (“eCapital”), a leading alternative finance provider in North America and the U.K., has showcased its commitment to providing faster and more flexible payroll funding solutions to staffing companies by issuing over $53MM in new and increased facilities as of June 2022.
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TriplePoint Venture Growth BDC Corp. Announces Extension of its Revolving Credit Facility
July 25, 2022TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) (the “Company,” "TPVG," “we,” “us,” or “our”), the leading financing provider to venture growth stage companies backed by a select group of venture capital firms in technology and other high growth industries, today announced it has entered into an amendment to its revolving credit facility.
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PreveCeutical Enters into Credit Facility Agreement
July 25, 2022reveCeutical Medical Inc. (CSE: PREV) (OTCQB: PRVCF) (FSE: 18H) (the "Company" or "PreveCeutical"), announces that it has entered into a $3 million credit facility agreement with the Company's Chief Executive Officer and Chair, Stephen Van Deventer, and the Company's former President and director, Kimberly Van Deventer (collectively, the "Lenders").
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Envision Healthcare Announces Entry into Liquidity Enhancing Transactions
July 25, 2022Envision Healthcare, a leading national medical group, today announced that it closed the first phase of a refinancing transaction with a majority of its first lien term loan lenders and, separately, consummated a refinancing transaction with its revolving lenders.
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NowVertical Group Completes Acquisition of Resonant Analytics
July 25, 2022NowVertical Group Inc., a big data, analytics and vertical intelligence (“VI”) software and services company, today announced that it has completed its previously announced acquisition of 100% of the issued and outstanding securities of Resonant Analytics, LLC, a USA-based guided solutions analytics firm. Concurrent with the closing of the Acquisition, NOW secured a credit facility with US-based MVB Bank.
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Commercial Finance Partners Expands ERC Funding Program
July 25, 2022Commercial Finance Partners is pleased to announce the expansion of the Employee Retention Funding Program that started in late 2021. Commercial Finance has facilitated financing for over $30,000,000 of credits to date and is now expanding the program to improve upon previously constrained size limitations and underwriting timelines.
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Capstone Extends and Expands Its Revolving Credit Facility
July 25, 2022The RCF is with Canadian Imperial Bank of Commerce (Co-Lead Arranger, Joint Bookrunner and Administrative Agent), The Bank of Nova Scotia (Co-Lead Arranger and Joint Bookrunner and Syndication Agent), ING Capital LLC (Co-Lead Arranger and Joint Bookrunner), National Bank of Canada (Joint Documentation Agent), Wells Fargo Bank, N.A., Canadian Branch (Joint Documentation Agent), Citibank N.A., Bank of Montreal and Royal Bank of Canada.
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ALT Announces $200 Million in New Funding Led by Atalaya Capital Management as It Launches ALT Advance, Its New Lending Product
July 25, 2022ALT, a simple, modern investment platform that lets you buy and sell alternative assets just like stocks, today announced $200 million in new debt financing led by Atalaya Capital Management. The new funding comes on the heels of ALT's introduction of ALT Advance, a new lending product that lets investors borrow cash against their vaulted assets without having to sell them.
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Amerisource Closes $10,000,000 Revolver & R.E Term Loan Facility for Manufacturing Firm
July 25, 2022Amerisource Business Capital announced the closing and funding of a $10,000,000 ABL revolver on A/R and inventory and a real estate term loan facility for a Wisconsin-based automotive, truck, and aerospace component part designer and manufacturer.
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Republic Business Credit Provides $5 Million Direct to Consumer Asset-Based Loan to Retail Confectionary Manufacturer
July 25, 2022When a portfolio company of a California-based private equity firm sought to refinance and upsize its existing asset-based lending facility, the company partnered with Republic Business Credit. Republic provided a scalable, flexible and growth-orientated $5 million credit facility with full availability on retail inventory, wholesale inventory, merchant accounts and direct to consumer proceeds.
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The Bancorp Appoints Timothy Green as New Head of Fintech Lending
July 25, 2022Today, The Bancorp Bank, the wholly-owned banking subsidiary of The Bancorp, Inc. (NASDAQ: TBBK), announced that the Company has hired Timothy Green as Managing Director, Head of Fintech Lending. In this new role within The Bancorp Fintech Solutions division, Green will play an instrumental part in the development and execution of the Bank’s fintech lending strategy.
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CIT Commercial Services Promotes Tony Cheng to VP Client Service Officer
July 25, 2022CIT, a division of First Citizens Bank, is pleased to announce that Tony Cheng will now be serving as vice president, client service officer in its Commercial Services business. Cheng is based in Los Angeles and will be the primary contact for several clients in the Western Region.
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SLR Equipment Finance Expands its Business Development Capabilities and Announces that Gianna Priolo has Joined the Company
July 25, 2022SLR Equipment Finance is pleased to announce Gianna Priolo has joined as a vice president of Business Development. In her role, Gianna will help grow SLR Equipment Finance’s leasing and lending activities with equipment dealers along the east coast of the U.S where she established relationships with manufacturers and major dealers across the country. Gianna was most recently with DLL Finance.
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Northwest Bank Names Joseph Brennan as Upstate New York Market Executive
July 25, 2022Joseph Brennan has been named senior vice president, commercial and industrial (C&I) banking market executive for Northwest Bank's Upstate New York region. Brennan brings more than 21 years of commercial banking experience to the role.
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PNC Bank Regional President Brian Bucher To Retire, Chris Kalin Named Regional President For North Florida
July 25, 2022PNC Bank has announced Brian Bucher will retire as regional president for North Florida effective Oct.7 following a distinguished 40-year career in financial services. Succeeding him will be PNC Senior Vice President of Corporate Banking and former BBVA USA executive Chris Kalin.
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Squire Patton Boggs Wins Turnaround of the Year Award for Ferrellgas Partners Restructuring
July 25, 2022Squire Patton Boggs has won the ‘Turnaround of the Year Award (large)’ for its innovative work on the Ferrellgas Partners pre-packaged chapter 11 restructuring. The Turnaround Atlas Awards, presented by Global M&A Network, recognize the best value-creating transactions, outstanding firms, professionals and leaders from the global restructuring, insolvency, and distressed investing communities.
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Gritstone Establishes Credit Facility for Up to $80 Million with Hercules Capital and Silicon Valley Bank
July 25, 2022Gritstone bio, Inc. (Nasdaq: GRTS), a clinical-stage biotechnology company that aims to develop the world’s most potent vaccines, today announced it has entered into an $80 million credit facility with Hercules Capital, Inc. (NYSE: HTGC) and Silicon Valley Bank.
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Tradewind Finance Funds Pakistani Workwear Manufacturer for Frontline Professionals
July 26, 2022Tradewind Finance has closed USD 500,000 in funding for a manufacturer of workwear and linens based in Lahore, Pakistan. The company exports to Europe, the UK, and the United States. From chef jackets to medical scrubs, the company is invested in producing quality, comfortable attire for a range of frontline professions. With more than two decades in operation, it also has a stake in the region’s huge home textiles industry as a manufacturer of bed linens and towels.
-
Former TBK Bank SVP Joins Florida Factoring Firm
July 26, 2022Nicholas J. Pittas, most recently senior vice president and the industry leader for Defense Contracting and Government Services with TBK Bank, SSB, a subsidiary of Triumph Bancorp, Inc., has joined United Capital Funding, a wholly owned subsidiary of Gulf Coast Bank & Trust Company, as the national sales manager.
-
SPECTRUM Commercial Services Opens Arizona Office and Adds Pam McConlogue to Sales Team
July 26, 2022SPECTRUM Commercial Services opens new sales office in Phoenix, AZ and adds new Vice President, Pamela McConlogue. Pam joins SPECTRUM Commercial Services Company (spectrumcommercial.com), bringing over 20 years of experience in commercial banking, factoring and asset based lending. Her track record of success working with commercial lenders, consultants and business owners make her an excellent fit as SPECTRUM expands into Phoenix and surrounding markets.
-
eCapital Provides Over $53MM in Facilities to Staffing Companies in First Half of 2022
July 26, 2022eCapital Corp. (“eCapital”), a leading alternative finance provider in North America and the U.K., has showcased its commitment to providing faster and more flexible payroll funding solutions to staffing companies by issuing over $53MM in new and increased facilities as of June 2022.
-
TriplePoint Venture Growth BDC Corp. Announces Extension of its Revolving Credit Facility
July 25, 2022TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) (the “Company,” "TPVG," “we,” “us,” or “our”), the leading financing provider to venture growth stage companies backed by a select group of venture capital firms in technology and other high growth industries, today announced it has entered into an amendment to its revolving credit facility.
-
PreveCeutical Enters into Credit Facility Agreement
July 25, 2022reveCeutical Medical Inc. (CSE: PREV) (OTCQB: PRVCF) (FSE: 18H) (the "Company" or "PreveCeutical"), announces that it has entered into a $3 million credit facility agreement with the Company's Chief Executive Officer and Chair, Stephen Van Deventer, and the Company's former President and director, Kimberly Van Deventer (collectively, the "Lenders").
-
Envision Healthcare Announces Entry into Liquidity Enhancing Transactions
July 25, 2022Envision Healthcare, a leading national medical group, today announced that it closed the first phase of a refinancing transaction with a majority of its first lien term loan lenders and, separately, consummated a refinancing transaction with its revolving lenders.
-
NowVertical Group Completes Acquisition of Resonant Analytics
July 25, 2022NowVertical Group Inc., a big data, analytics and vertical intelligence (“VI”) software and services company, today announced that it has completed its previously announced acquisition of 100% of the issued and outstanding securities of Resonant Analytics, LLC, a USA-based guided solutions analytics firm. Concurrent with the closing of the Acquisition, NOW secured a credit facility with US-based MVB Bank.
-
Commercial Finance Partners Expands ERC Funding Program
July 25, 2022Commercial Finance Partners is pleased to announce the expansion of the Employee Retention Funding Program that started in late 2021. Commercial Finance has facilitated financing for over $30,000,000 of credits to date and is now expanding the program to improve upon previously constrained size limitations and underwriting timelines.
-
Capstone Extends and Expands Its Revolving Credit Facility
July 25, 2022The RCF is with Canadian Imperial Bank of Commerce (Co-Lead Arranger, Joint Bookrunner and Administrative Agent), The Bank of Nova Scotia (Co-Lead Arranger and Joint Bookrunner and Syndication Agent), ING Capital LLC (Co-Lead Arranger and Joint Bookrunner), National Bank of Canada (Joint Documentation Agent), Wells Fargo Bank, N.A., Canadian Branch (Joint Documentation Agent), Citibank N.A., Bank of Montreal and Royal Bank of Canada.
-
ALT Announces $200 Million in New Funding Led by Atalaya Capital Management as It Launches ALT Advance, Its New Lending Product
July 25, 2022ALT, a simple, modern investment platform that lets you buy and sell alternative assets just like stocks, today announced $200 million in new debt financing led by Atalaya Capital Management. The new funding comes on the heels of ALT's introduction of ALT Advance, a new lending product that lets investors borrow cash against their vaulted assets without having to sell them.
-
Amerisource Closes $10,000,000 Revolver & R.E Term Loan Facility for Manufacturing Firm
July 25, 2022Amerisource Business Capital announced the closing and funding of a $10,000,000 ABL revolver on A/R and inventory and a real estate term loan facility for a Wisconsin-based automotive, truck, and aerospace component part designer and manufacturer.
-
Republic Business Credit Provides $5 Million Direct to Consumer Asset-Based Loan to Retail Confectionary Manufacturer
July 25, 2022When a portfolio company of a California-based private equity firm sought to refinance and upsize its existing asset-based lending facility, the company partnered with Republic Business Credit. Republic provided a scalable, flexible and growth-orientated $5 million credit facility with full availability on retail inventory, wholesale inventory, merchant accounts and direct to consumer proceeds.
-
The Bancorp Appoints Timothy Green as New Head of Fintech Lending
July 25, 2022Today, The Bancorp Bank, the wholly-owned banking subsidiary of The Bancorp, Inc. (NASDAQ: TBBK), announced that the Company has hired Timothy Green as Managing Director, Head of Fintech Lending. In this new role within The Bancorp Fintech Solutions division, Green will play an instrumental part in the development and execution of the Bank’s fintech lending strategy.
-
CIT Commercial Services Promotes Tony Cheng to VP Client Service Officer
July 25, 2022CIT, a division of First Citizens Bank, is pleased to announce that Tony Cheng will now be serving as vice president, client service officer in its Commercial Services business. Cheng is based in Los Angeles and will be the primary contact for several clients in the Western Region.
-
SLR Equipment Finance Expands its Business Development Capabilities and Announces that Gianna Priolo has Joined the Company
July 25, 2022SLR Equipment Finance is pleased to announce Gianna Priolo has joined as a vice president of Business Development. In her role, Gianna will help grow SLR Equipment Finance’s leasing and lending activities with equipment dealers along the east coast of the U.S where she established relationships with manufacturers and major dealers across the country. Gianna was most recently with DLL Finance.
-
Northwest Bank Names Joseph Brennan as Upstate New York Market Executive
July 25, 2022Joseph Brennan has been named senior vice president, commercial and industrial (C&I) banking market executive for Northwest Bank's Upstate New York region. Brennan brings more than 21 years of commercial banking experience to the role.
-
PNC Bank Regional President Brian Bucher To Retire, Chris Kalin Named Regional President For North Florida
July 25, 2022PNC Bank has announced Brian Bucher will retire as regional president for North Florida effective Oct.7 following a distinguished 40-year career in financial services. Succeeding him will be PNC Senior Vice President of Corporate Banking and former BBVA USA executive Chris Kalin.
-
Squire Patton Boggs Wins Turnaround of the Year Award for Ferrellgas Partners Restructuring
July 25, 2022Squire Patton Boggs has won the ‘Turnaround of the Year Award (large)’ for its innovative work on the Ferrellgas Partners pre-packaged chapter 11 restructuring. The Turnaround Atlas Awards, presented by Global M&A Network, recognize the best value-creating transactions, outstanding firms, professionals and leaders from the global restructuring, insolvency, and distressed investing communities.
-
Gritstone Establishes Credit Facility for Up to $80 Million with Hercules Capital and Silicon Valley Bank
July 25, 2022Gritstone bio, Inc. (Nasdaq: GRTS), a clinical-stage biotechnology company that aims to develop the world’s most potent vaccines, today announced it has entered into an $80 million credit facility with Hercules Capital, Inc. (NYSE: HTGC) and Silicon Valley Bank.
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