Entrepreneur Growth Capital (“EGC”) is pleased to announce that it has provided a $1.8MM asset based line of credit to a New Jersey based distributor of building materials (the “Company”). The 115-year-old company had covenant compliance issues with its long standing bank. EGC provided an accounts receivable and inventory revolver to meet the Company’s cash flow needs and payoff the bank.

Newtek Business Services Corp., (Nasdaq: NEWT), an internally managed business development company (“BDC”), today announced that Newtek Business Lending, LLC (“NBL”), Newtek’s portfolio company that originates and funds SBA 504 loans, closed a $100 million credit facility with Deutsche Bank AG. The facility will be used to fund SBA 504 loans and has an initial two-year term.

CarbonLite Holdings, LLC has retained Force 10 Partners to lead its restructuring effort, following its voluntary bankruptcy filing on March 8, 2021. Force 10 Co-founder Brian Weiss is serving as chief restructuring officer. The Force 10 team is focusing on the post-bankruptcy emergence of CarbonLite, one of the world's largest suppliers of post-consumer recycled polyethylene terephthalate (rPET), which is then used to produce high-quality food-grade recycled rPET material sold to the world's largest beverage companies for packaging.

1st Capital Bancorp (the “company”) (OTC Pink: FISB), the holding company of 1st Capital Bank (the “bank”), announced today that Marci S. Davis has been named Executive Vice President and Chief Credit Officer of 1st Capital Bank. Ms. Davis will serve as a member of the executive leadership team and will be directly responsible for overseeing the Bank’s loan portfolio along with related credit processes.

Align Capital Partners (“ACP”) is pleased to announce that James Moss and Angus Anderson join as Vice President and Operations Director, respectively, to support the firm’s continued growth. Additionally, ACP is announcing two promotions – Matt Iodice to Principal and Katie Noggle to Managing Director of Business Development.

Mr. Vecker is an asset-based lending finance professional with over 25 years’ experience in new deal originations, underwriting and portfolio management. He previously served in business development and risk roles at Wells Fargo, Congress Financial, Israel Discount Bank, and The Bank of New York.

Rosenthal & Rosenthal, Inc., a leading factoring, asset-based lending and purchase order financing firm in the U.S., today announced the completion of a recent $7.5 million revolving credit facility to support the working capital needs of a Midwest-based food distributor serving restaurants up and down the East Coast.

Great Lakes Business Credit, an alternative commercial financing lender serving the Midwest, has named Rich Booms the company’s new senior underwriter. Booms offers Great Lakes Business Credit (GLBC) clients more than 10 years of underwriting and relationship management experience, including asset-based lending, leveraged finance, purchase invoice finance, small business banking, and private client lending.

Next Move, Inc. is a Kansas City, Missouri-based healthcare staffing company that specializes in the placement of travel nurses at assignments throughout the Midwest. They have built a leading brand in the space by championing the continuous creation of relevant social media content, technology investments, and personalized candidate experiences.

CIT Group Inc. (NYSE: CIT) today announced that its Healthcare Finance business served as sole lead arranger on a $39 million loan to finance the Jefferson Health medical office building adjoining the Philadelphia Navy Yard Corporate Center. The borrower, Norvin Healthcare Properties, is an experienced and successful manager of healthcare properties across a variety of markets. It acquired the four-story medical office building at 3 Crescent Drive in December 2019. The facility is located close to well-traveled locations such as the South Philadelphia Sports Complex, downtown Philadelphia, Interstate 95 and the neighboring Navy Yard.

Tiger Group is now accepting bulk offers for four robot-automated parts-washing, powder-coating and vacuum metallizing lines formerly owned by Winona PVD Coatings—a Tier-One finisher that chrome-coated wheels for top automakers from around the globe. The company was placed in receivership in 2020.

EisnerAmper is pleased to announce that it has launched NFP Insights, a proprietary benchmarking tool that can compare a nonprofit organization against a database of 500,000 other nonprofits. Designed for tax-exempt organizations, donors, grant makers, board members and family offices, this unique tool can segment organizations by geography, revenue and number of employees.

Digi International Inc. (NASDAQ: DGII), a leading global provider of business and mission critical Internet of Things ("IoT") connectivity products, services and solutions, today announced it has entered into an amended and restated credit agreement with BMO Harris Bank N.A. as administrative agent and collateral agent. The new facility provides Digi with a senior secured credit facility consisting of a $200 million senior secured revolving credit facility with an option to increase the size of the facility by an additional $75 million.

Antares Capital Advisers LLC, a subsidiary of Antares Capital LP (together with its parent companies, “Antares” or the “Company”) announced the closing of the reset of Antares CLO 2017-1, Ltd., originally a $2.1 billion CLO that was upsized to $2.3 billion as part of the transaction. The upsize brings the company’s total CLO assets under management to approximately $7.7 billion.

Bryant Park Capital ("BPC"), a leading middle market investment bank, announced today that Healthcare Funding Partners, LLC ("HFP" or the "Company") recently closed on a senior secured debt transaction with a global asset management firm with more than $100 billion in assets under management. BPC served as the exclusive financial advisor to HFP in connection with this transaction.

Universal Stainless & Alloy Products, Inc. (Nasdaq: USAP) announced today that it has amended and restated its five-year $120 million asset-based lending (ABL) credit agreement with PNC Bank, National Association. The new agreement includes a revolving credit facility of $105 million and increases the term loan facility to $15 million.

Berkshire Hills Bancorp, Inc. (NYSE: BHLB), the parent company of Berkshire Bank, announced today that Subhadeep Basu was appointed Senior Executive Vice President, Chief Financial Officer of the Company and the Bank. Mr. Basu will succeed James M. Moses, who has chosen to leave the company as of March 19th to pursue other interests.

BlueVine, the leading provider of small business banking, announced today that it has named industry veteran Steve Allocca as its first Chief Operating Officer. In this role, Allocca will generate strong operational efficiency across the organization and drive growth across all products. He will report to Eyal Lifshitz, CEO and co-founder.

OneTeam Capital (OTC), an industry leading underwriting and credit analysis company providing the best quality commercial financing solutions to small and medium sized businesses, today announced that its membership has appointed specialty finance industry veteran W. Taylor Kamp as Chief Executive Officer, effective March 11th, 2021. Mr. Kamp brings an impressive 35 year career of building and growing businesses to OTC. Kamp most recently served as the Chief Financial Officer of Marlin Capital Solutions.

Goldman Sachs Bank USA serves as administrative agent and collateral agent under the Credit Agreement and Goldman Sachs Bank USA, JPMorgan Chase Bank, N.A, Barclays Bank Plc, Credit Suisse International, Credit Suisse Loan Funding LLC, Citibank, N.A., London Branch, Unicredit Bank AG, Deutsche Bank Securities Inc., HSBC Trinkaus & Burkhardt AG, Standard Chartered Bank AG, and TCG Senior Funding L.L.C. all serve as joint lead arrangers and joint bookrunners.