• eCapital Provides a $6 Million Asset Based Lending Facility for Building Materials Company in Canada
    February 15, 2022
    eCapital Commercial Finance’s (“eCapital”) Asset Based Lending division, today announced the issuance of a $6 million CAD asset-based line to a Canada-based building materials and flooring company servicing both retail and wholesale clients. The company selected eCapital for its competitive rate, flexible structure and ability to provide fast access to working capital.
  • BankFinancial Provides $4MM Asset-Based Credit Facility To Metal Fabricator
    February 15, 2022
    BankFinancial announced today the establishment of a Convertible Accounts Receivable Financing/ABL Credit Facility to a Minnesota based leader in metal fabrication, sheet metal and stamping serving global industrial, agricultural, and commercial equipment customers. The recapitalization with extended availability allows the Client to scale production and add capacity to meet growing demand.
  • Crestmark, the Commercial Finance Division of MetaBank®, Provides More Than $61.1 Million in Commercial Financing to 94 Businesses in January
    February 15, 2022
    Crestmark, the Commercial Finance Division of MetaBank®, N.A., secured a total of $23,050,000 in ABL/factoring financial solutions for 19 new clients; Crestmark Equipment Finance provided $21,489,603 in 17 new large ticket transactions and $5,329,571 in 50 new small ticket vendor transactions; and the Structured Finance group provided $11,266,000 in financing for eight new clients in the month of January.
  • BizCap® Opens Dallas Office, Moves Forward with National Expansion
    February 15, 2022
    BizCap® (Business Capital since 2002), a national commercial finance and advisory firm, today announced it has opened an office in Dallas, marking another milestone in its national geographic expansion plan. Leading the growth effort for the new Dallas office is David Schubel, BizCap’s vice president of originations.
  • Sallyport Commercial Finance Provides $5,000,000 Finance Package Fuels Health Drinks Manufacturer
    February 15, 2022
    The health and wellness industry are flourishing and Sallyport is excited to be part of this growth, providing a $5,000,000 finance package for a North American manufacturer of health drink products. The Canadian client with a U.S. subsidiary, produces nutritional health drinks aimed at the over forties which promote muscle recovery, improve energy levels and increase strength.
  • The Halifax Group Invests in Case Facilities Management Solutions
    February 15, 2022
    The Halifax Group (“Halifax”) has announced an investment in Case Facilities Management Solutions (“Case FMS” or the “Company”), a leading provider of snow and ice management and commercial landscaping services across the United States, with financing provided by Maranon Capital (“Maranon”). Case FMS provides its industry leading services to some of the largest multi-site commercial customers in the country.
  • Franklin Capital Announces Completion of $1 Million Factoring Facility for Piping Supplier
    February 15, 2022
    Franklin Capital is pleased to announce the completion of a $1,000,000 factoring facility for a UK headquartered piping supplier. A broker in the UK recently connected us with a well-established UK headquartered piping supplier. The company was looking to have its US operations stand-alone but lacked the working capital to accept and fulfill several large new contracts.
  • Lighthouse Provides $2,500,000 Credit Facility to NC Manufacturer & Distributor of Athletic Equipment
    February 15, 2022
    Lighthouse Financial Corp. is pleased to announce the completion of a $2,500,000 credit facility for North Carolina-based manufacturer and distributor of athletic equipment. Since its inception in 1967, the company has never wavered from its primary mission: to provide innovative products that feature superb design, exceptional engineering, superior materials, precision hand craftsmanship, and rigorous quality control.
  • Dykema Opens Houston Office with Addition of Business Litigation Attorneys
    February 15, 2022
    Dykema, a leading national law firm, today announced that it is expanding its presence in Texas with a new Houston office. The office, which is Dykema’s 14th nationwide, has come to fruition with the recent joining of top business litigators Isaac Villarreal and Andy Green.
  • Bluegreen Vacations Expands and Extends Its Line of Credit With Fifth Third Bank
    February 15, 2022
    Bluegreen Vacations Holding Corporation (NYSE: BVH) (OTCQX: BVHBB) (the “Company" or “BVH”) announced today that its wholly owned subsidiary, Bluegreen Vacations Corporation (“Bluegreen”), has expanded and extended its syndicated credit facility with Fifth Third Bank. The amended and restated facility provides for total borrowings of up to $300 million, consisting of a term loan of $100 million and a revolving line of $200 million, and matures in February 2027.
  • Energy Transition Expert Oscar Mascarenhas Joins FTI Consulting as Managing Director
    February 15, 2022
    FTI Consulting, Inc. (NYSE: FCN) today announced the continued investment in its Power, Renewables & Utilities practice within the Corporate Finance & Restructuring segment with the appointment of Oscar Mascarenhas as a Managing Director.
  • Bain Capital Specialty Finance, Inc. Announces Formation of Bain Capital Senior Loan Program, LLC
    February 15, 2022
    Bain Capital Specialty Finance, Inc. (NYSE: BCSF, the “Company”) today announced the formation of Bain Capital Senior Loan Program, LLC (“SLP”). The SLP will provide BCSF with greater balance sheet flexibility to capitalize on senior middle market loan opportunities to borrowers in North America.
  • Solifi Contract Renewed by Exeter Finance
    February 15, 2022
    Solifi™, a leading provider of mission-critical software for the secured finance industry, announced today that Exeter Finance extended its agreement to use the Solifi (formerly IDS and White Clarke Group) platform in more than 11,000 U.S. auto dealerships. Exeter Finance first selected Solifi Originations software in 2013 for its ability to efficiently process high volumes of loan applications, which has grown to more than 500,000 per month.
  • CBL Promotes Top Execs and Hires Consumer Products Focused BDO
    February 14, 2022
    Context Business Lending, LLC (“CBL”) a family office-backed leading, national asset-based lender, announced today the promotions of Stephen Butler to Chief Operating Officer and Josh Beauvais to Chief Credit Officer, who each will now be able to more vertically focus on the strategic growth of the company in their new capacities. The high-growth “new school-ABL company” also today announced the addition Joe Messineo as Director of Business Development who will cover the Northeast for the firm as well as internal promotions.
  • DLL Announces Formal Appointment of Carlo van Kemenade as CEO
    February 14, 2022
    DLL, a global provider of asset-based financial solutions, has confirmed receipt of the necessary regulatory approvals to formally appoint Carlo van Kemenade as Chief Executive Officer (CEO) and Chairman of the Executive Board. This new appointment takes effect on February 14, 2022.
  • Flower One Announces $10.1M USD Financing and Successful Loan Modification to Term Debt
    February 14, 2022
    Flower One Holdings Inc. (“Flower One” or the “Company”) (CSE: FONE) (OTCQX: FLOOF) (FSE: F11), the leading cannabis cultivator and producer in Nevada, today announced a term loan financing with an existing shareholder for aggregate proceeds of $10.1M USD (the “Term Loan”). In addition, the Company has made further advancements in its ongoing debt restructuring through an additional loan modification agreement (the “Loan Modification Agreement”) with its term lender and its affiliates.
  • LSQ Partners with Michigan Minority Supplier Development Council to Improve Working Capital for MBEs
    February 14, 2022
    LSQ, a leading provider of technology-driven working capital financing and payments solutions, has forged a partnership with the Michigan Minority Supplier Development Council (MMSDC), a non-profit organization committed to driving economic growth in minority communities, to provide working capital assistance to minority-owned businesses in myriad industries across the state of Michigan.
  • Katten Brings On New Private Credit Partner in LA
    February 14, 2022
    Katten announced today that corporate attorney John Corrigan has joined its Private Credit practice as a partner in LA to advise public and private companies and investors in M&A transactions and handle a range of other client matters.
  • CIT Northbridge Serves as Sole Lead Arranger on $20 Million Credit Facility for Davey Coach Holdings, LLC
    February 14, 2022
    CIT, a division of First Citizens Bank, today announced that CIT Northbridge Credit, as advised by CIT Asset Management LLC, served as sole lead arranger on a $20 million senior lending facility for Davey Coach Holdings, a portfolio company of Progress Equity Partners and one of the nation's leading providers of new and used shuttle bus and rental services.
  • MidFirst Business Credit Announces New Vice President and Business Development Officer
    February 14, 2022
    MidFirst Business Credit (MFBC) is pleased to announce the addition of Justin Carter as vice president and business development officer. Based out of Los Angeles, he will assist with originating senior secured debt facilities for companies throughout California and the West Coast.
  • eCapital Provides a $6 Million Asset Based Lending Facility for Building Materials Company in Canada
    February 15, 2022
    eCapital Commercial Finance’s (“eCapital”) Asset Based Lending division, today announced the issuance of a $6 million CAD asset-based line to a Canada-based building materials and flooring company servicing both retail and wholesale clients. The company selected eCapital for its competitive rate, flexible structure and ability to provide fast access to working capital.
  • BankFinancial Provides $4MM Asset-Based Credit Facility To Metal Fabricator
    February 15, 2022
    BankFinancial announced today the establishment of a Convertible Accounts Receivable Financing/ABL Credit Facility to a Minnesota based leader in metal fabrication, sheet metal and stamping serving global industrial, agricultural, and commercial equipment customers. The recapitalization with extended availability allows the Client to scale production and add capacity to meet growing demand.
  • Crestmark, the Commercial Finance Division of MetaBank®, Provides More Than $61.1 Million in Commercial Financing to 94 Businesses in January
    February 15, 2022
    Crestmark, the Commercial Finance Division of MetaBank®, N.A., secured a total of $23,050,000 in ABL/factoring financial solutions for 19 new clients; Crestmark Equipment Finance provided $21,489,603 in 17 new large ticket transactions and $5,329,571 in 50 new small ticket vendor transactions; and the Structured Finance group provided $11,266,000 in financing for eight new clients in the month of January.
  • BizCap® Opens Dallas Office, Moves Forward with National Expansion
    February 15, 2022
    BizCap® (Business Capital since 2002), a national commercial finance and advisory firm, today announced it has opened an office in Dallas, marking another milestone in its national geographic expansion plan. Leading the growth effort for the new Dallas office is David Schubel, BizCap’s vice president of originations.
  • Sallyport Commercial Finance Provides $5,000,000 Finance Package Fuels Health Drinks Manufacturer
    February 15, 2022
    The health and wellness industry are flourishing and Sallyport is excited to be part of this growth, providing a $5,000,000 finance package for a North American manufacturer of health drink products. The Canadian client with a U.S. subsidiary, produces nutritional health drinks aimed at the over forties which promote muscle recovery, improve energy levels and increase strength.
  • The Halifax Group Invests in Case Facilities Management Solutions
    February 15, 2022
    The Halifax Group (“Halifax”) has announced an investment in Case Facilities Management Solutions (“Case FMS” or the “Company”), a leading provider of snow and ice management and commercial landscaping services across the United States, with financing provided by Maranon Capital (“Maranon”). Case FMS provides its industry leading services to some of the largest multi-site commercial customers in the country.
  • Franklin Capital Announces Completion of $1 Million Factoring Facility for Piping Supplier
    February 15, 2022
    Franklin Capital is pleased to announce the completion of a $1,000,000 factoring facility for a UK headquartered piping supplier. A broker in the UK recently connected us with a well-established UK headquartered piping supplier. The company was looking to have its US operations stand-alone but lacked the working capital to accept and fulfill several large new contracts.
  • Lighthouse Provides $2,500,000 Credit Facility to NC Manufacturer & Distributor of Athletic Equipment
    February 15, 2022
    Lighthouse Financial Corp. is pleased to announce the completion of a $2,500,000 credit facility for North Carolina-based manufacturer and distributor of athletic equipment. Since its inception in 1967, the company has never wavered from its primary mission: to provide innovative products that feature superb design, exceptional engineering, superior materials, precision hand craftsmanship, and rigorous quality control.
  • Dykema Opens Houston Office with Addition of Business Litigation Attorneys
    February 15, 2022
    Dykema, a leading national law firm, today announced that it is expanding its presence in Texas with a new Houston office. The office, which is Dykema’s 14th nationwide, has come to fruition with the recent joining of top business litigators Isaac Villarreal and Andy Green.
  • Bluegreen Vacations Expands and Extends Its Line of Credit With Fifth Third Bank
    February 15, 2022
    Bluegreen Vacations Holding Corporation (NYSE: BVH) (OTCQX: BVHBB) (the “Company" or “BVH”) announced today that its wholly owned subsidiary, Bluegreen Vacations Corporation (“Bluegreen”), has expanded and extended its syndicated credit facility with Fifth Third Bank. The amended and restated facility provides for total borrowings of up to $300 million, consisting of a term loan of $100 million and a revolving line of $200 million, and matures in February 2027.
  • Energy Transition Expert Oscar Mascarenhas Joins FTI Consulting as Managing Director
    February 15, 2022
    FTI Consulting, Inc. (NYSE: FCN) today announced the continued investment in its Power, Renewables & Utilities practice within the Corporate Finance & Restructuring segment with the appointment of Oscar Mascarenhas as a Managing Director.
  • Bain Capital Specialty Finance, Inc. Announces Formation of Bain Capital Senior Loan Program, LLC
    February 15, 2022
    Bain Capital Specialty Finance, Inc. (NYSE: BCSF, the “Company”) today announced the formation of Bain Capital Senior Loan Program, LLC (“SLP”). The SLP will provide BCSF with greater balance sheet flexibility to capitalize on senior middle market loan opportunities to borrowers in North America.
  • Solifi Contract Renewed by Exeter Finance
    February 15, 2022
    Solifi™, a leading provider of mission-critical software for the secured finance industry, announced today that Exeter Finance extended its agreement to use the Solifi (formerly IDS and White Clarke Group) platform in more than 11,000 U.S. auto dealerships. Exeter Finance first selected Solifi Originations software in 2013 for its ability to efficiently process high volumes of loan applications, which has grown to more than 500,000 per month.
  • CBL Promotes Top Execs and Hires Consumer Products Focused BDO
    February 14, 2022
    Context Business Lending, LLC (“CBL”) a family office-backed leading, national asset-based lender, announced today the promotions of Stephen Butler to Chief Operating Officer and Josh Beauvais to Chief Credit Officer, who each will now be able to more vertically focus on the strategic growth of the company in their new capacities. The high-growth “new school-ABL company” also today announced the addition Joe Messineo as Director of Business Development who will cover the Northeast for the firm as well as internal promotions.
  • DLL Announces Formal Appointment of Carlo van Kemenade as CEO
    February 14, 2022
    DLL, a global provider of asset-based financial solutions, has confirmed receipt of the necessary regulatory approvals to formally appoint Carlo van Kemenade as Chief Executive Officer (CEO) and Chairman of the Executive Board. This new appointment takes effect on February 14, 2022.
  • Flower One Announces $10.1M USD Financing and Successful Loan Modification to Term Debt
    February 14, 2022
    Flower One Holdings Inc. (“Flower One” or the “Company”) (CSE: FONE) (OTCQX: FLOOF) (FSE: F11), the leading cannabis cultivator and producer in Nevada, today announced a term loan financing with an existing shareholder for aggregate proceeds of $10.1M USD (the “Term Loan”). In addition, the Company has made further advancements in its ongoing debt restructuring through an additional loan modification agreement (the “Loan Modification Agreement”) with its term lender and its affiliates.
  • LSQ Partners with Michigan Minority Supplier Development Council to Improve Working Capital for MBEs
    February 14, 2022
    LSQ, a leading provider of technology-driven working capital financing and payments solutions, has forged a partnership with the Michigan Minority Supplier Development Council (MMSDC), a non-profit organization committed to driving economic growth in minority communities, to provide working capital assistance to minority-owned businesses in myriad industries across the state of Michigan.
  • Katten Brings On New Private Credit Partner in LA
    February 14, 2022
    Katten announced today that corporate attorney John Corrigan has joined its Private Credit practice as a partner in LA to advise public and private companies and investors in M&A transactions and handle a range of other client matters.
  • CIT Northbridge Serves as Sole Lead Arranger on $20 Million Credit Facility for Davey Coach Holdings, LLC
    February 14, 2022
    CIT, a division of First Citizens Bank, today announced that CIT Northbridge Credit, as advised by CIT Asset Management LLC, served as sole lead arranger on a $20 million senior lending facility for Davey Coach Holdings, a portfolio company of Progress Equity Partners and one of the nation's leading providers of new and used shuttle bus and rental services.
  • MidFirst Business Credit Announces New Vice President and Business Development Officer
    February 14, 2022
    MidFirst Business Credit (MFBC) is pleased to announce the addition of Justin Carter as vice president and business development officer. Based out of Los Angeles, he will assist with originating senior secured debt facilities for companies throughout California and the West Coast.