Oakworth Capital Bank recently added Glenn Shorey as Managing Director, Commercial Banking for the Middle Tennessee market. "Glenn's extensive commercial banking experience and client focused approach is perfectly in line with Oakworth's strategy to serve the Middle Tennessee market with quality associates who are dedicated to our clients." said Greer Redden, Market Leader.

Encina Business Credit, LLC announced today that it has provided an $80 million senior secured revolving credit facility to a leading global provider of Business Process Services. The senior secured revolving line of credit, which is collateralized by accounts receivable, was used to finance ongoing working capital financing.

Tech Capital, LLC, the asset-based finance company and wholly owned subsidiary of Tech CU, announced today it has provided a $10 million asset-based revolving line of credit to Taronis Fuels, Inc., a publicly traded company based in Peoria, Arizona and a global producer of renewable and socially responsible fuels. The loan will support Taronis Fuels’ expansion and development. The loan represents Tech Capital’s continued focus on providing innovative, customer-centered solutions to growing companies across the United States and is one of Tech Capital’s largest loans to date.

U.S. middle market business sentiment remained rock solid in October. The proprietary RSM US Middle Market Business Index eased modestly to 127.5 from 127.8 in September. For the most part, readings on the economy, revenues, net earnings and hiring remained essentially unchanged as the economy continued to emerge from the early-year recession. While it is clear that business leaders do not expect a V-shaped recovery, they do see an improvement in business conditions through the early part of 2021.

These winning solutions are all covenant-free for businesses in the following industries: $5M to a gear manufacturer; $4M to a construction company in Canada; $1M line of credit to a mining operation; $1M to a chemical packager; $500,000 transportation firm in the Midwest; $500,000 to an ethnic food Co and $500,000 to a foundry in Canada

Crestmark secured a total of $6,050,000 in ABL financial solutions for five new clients; Crestmark Equipment Finance provided $4,371,057 in three new lease transactions; the Government Guaranteed Lending group provided $12,722,000 in financing for three new clients in the first half of November.

Republic Business Credit provided a $3,750,000 ledgered line of credit facility secured by accounts receivables and inventory that injected significant acquisition and growth working capital into its war chest. Republic was introduced to the opportunity from an investment bank that was advising the company on a strategic basis to raise debt and potentially equity in the future.

EPSG, a leading integrator of payment technology solutions, announced today that it has extended and significantly expanded its existing revolving credit facility (“The Credit Facility”) with People’s United Bank (“People’s United”), N.A., a subsidiary of People’s United Financial, Inc. (NASDAQ: PBCT).

Cerebro Capital, a commercial loan platform, today released its new quarterly survey on non-bank lending for middle-market commercial and industrial (C&I) loans. The results illustrate the perspectives of private credit lenders, also known as alternative lenders, or non-bank lending institutions.

Gannett Co., Inc. ("Gannett", "we", "us", "our", or the “Company") (NYSE: GCI) today announced that it has refinanced approximately $500 million of its 11.5% term loan, maturing in 2024, with 6.0% convertible notes due in 2027. The refinancing reduces the outstanding term loan to $1.118 billion. The refinancing was unanimously approved by the Company’s Board of Directors. The Company was advised by Greenhill & Co., LLC and Cravath, Swaine & Moore LLP.

Surge Energy Inc. ("Surge" or the "Company") (TSX: SGY) is pleased to announce that it has executed definitive agreements with the Business Development Bank of Canada ("BDC"), in partnership with the Company's syndicate of lenders (the "Syndicate"), for a non-revolving facility of $40 million, providing attractive interest rates over a four year term (the "Term Facility").

Access Point Financial, LLC (APF), a leading direct lender and specialty finance company focused exclusively on the hospitality industry, today announced the completion of an agreement with Lodging Opportunity Fund REIT to refinance the Delta by Marriott in Grand Rapids, Michigan.

Pathlight Capital LP ("Pathlight") announced it is serving as the Administrative Agent on the recently funded $180 million Senior Secured Credit Facility for Christmas Tree Shops ("CTS" or the "Company"), a brick-and-mortar discount retailer with a focus on seasonal products at a value price point.

Ted Koenig, President & CEO of Monroe Capital, commented, “We wanted to make known our commitment to financing quality women and minority-owned or managed businesses. We have been consistent in our efforts to deploy capital to these businesses over the years. Not only is it the right thing to do from a community perspective, it is also the right thing to do from a business perspective.”

InterNex Capital provided a $3.4 million VelocityFlex funding solution to a Texas company specializing in technology staffing services to mid to large-cap companies. The company sought a flexible funding solution to pay off their existing debt and provide additional working capital while desiring to only monetize certain current assets without any minimum or guaranteed commitments.

A Michigan manufacturer of cutting tools was looking for a new lender. mBank Senior Management personally visited the client and reviewed their plans and met with all management. mBank then presented the company with a customized financial package that met their needs. The loan closed in November 2020.

Sterling National Bank's Commercial Services Group provided senior secured credit facilities totaling $500,000 to Sporticulture. The credit facilities will be used to provide working capital to further support the Company’s future growth.

A prominent menswear importer faced with rapidly growing sales was constrained by the limits of their existing bank facility. Express’s breath of knowledge in the apparel industry, specifically in menswear, allowed for a quick, seamless set up and transition from the client’s old facility. The client and Express knew each other from previous dealings which gave all parties more trust and allowed Express greater flexibility and speed to deliver ample, aggressive financing from Day 1.

By having Focus Lenders Services Group (FLSG) perform the Field Exam and walk-through inspection for a company’s Inventory, and having Gerrard Group, Inc. (GGI) perform the “gross & net” Forced and Orderly Liquidation Inventory Appraisal eliminates the duplication process due to only needing a one-time visit/ walk through inspection, which reduces travel expenses & appraisal fees (approximately 10% to 30% plus savings).