HCAP Partners, a California-based private equity firm and nationally recognized impact investor, announced today its investment in 83bar, an Austin, TX-based leader in patient journey management for both clinical trials and commercial clients across pharma, medical device, and diagnostic industries. The mezzanine debt infusion will be used to restructure existing debt, provide share redemption for a small group of existing investors, and provide supplemental growth capital. Terms of the investment were not disclosed.

Corlex Capital ("Corlex"), a minority-owned private equity and consulting firm, announced the closing of a senior secured credit facility to refinance and provide growth capital for Bandon Holdings ("Bandon"), the largest franchisee of Anytime Fitness. Corlex served as the exclusive debt advisor to Bandon for the financing.

A staffing company in Arizona has chosen TAB Bank for a $10 million revolving credit facility. The new facility is extended through a multi-year agreement and will provide the means to fund growth for the company. The company provides staffing services for many industries including distribution, manufacturing, construction, and oil production.

eCapital Corp. (“eCapital”), a leading alternative finance provider in North America, today announced that it has promoted Jaime Gillespie to chief human resources officer. In her new role, Gillespie will oversee employee engagement, talent management and leadership development, as well as alignment of the company’s diverse workforce and establishment of a unified corporate culture.

First Eagle Alternative Credit, LLC today announced that Terry Olson, chief operating officer and chief financial officer, has elected to retire effective June 30, 2021. The Company will implement a plan that includes a search to identify a replacement CFO and transition of Olson’s operating responsibilities.

Clear Thinking Group announced today that it has been named “Restructuring Advisory Firm of the Year - USA” as part of Finance Monthly’s 2020 Global Awards. The Global Awards highlight the outstanding work done by financial advisors and organizations at an international level. It celebrates those who have excelled in their work, have exceeded client expectations, and have demonstrated measurable achievements over the last 12-18 months – even in the current challenging environment.

Cabretta Capital, a leading specialty finance firm with extensive experience in structured tax equity and tax-advantaged investment strategies, is pleased to announce Jesse Speltz has joined the firm to serve as director of tax credit investments. In this role, Speltz will focus on expanding Cabretta’s national footprint with outreach to banks, private equity groups, family offices, specialty finance companies, CPA’s, wealth advisors, strategic businesses, and high net worth individuals to lower their federal and/or state tax liabilities.

White Oak Healthcare MOB REIT today announced it has acquired a Class-A Medical Office Building in Henderson, Nevada. The property was built in 2008 and is less than a mile from Dignity Health – St. Rose Dominican Hospital, in Henderson, Nevada, a well-regarded, fast-growing suburb of Las Vegas. The attractive property has excellent visibility and access within a retail / medical corridor.

Amerisource Business Capital announced the closing and funding of a $4,000,000 credit facility for a steel fabricator based in Texas. The proceeds are being used to support the Company’s growth and development plans.

First Business Bank announces the closing of a $1 million factoring transaction by its Accounts Receivable Financing group. Our new client provides IT staffing and consulting to large corporate customers. Although many of the client’s customers were in the process of changing their managed service providers (MSPs), which complicated the deal, we closed the transaction in a timely manner.

AVEO Oncology (Nasdaq: AVEO) today announced that it has received a commitment letter for an incremental $10 million loan from Hercules Capital, Inc. (NYSE: HTGC, “Hercules”) and its affiliates, to be added to the current tranched, $35 million debt facility secured with Hercules in August 2020 through an amendment to the amended and restated loan and security agreement (the “Loan Agreement”).

Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack-Gladstone Bank are proud to announce the appointment of Maureen O’Hara, Senior Managing Director, Commercial Private Banker, Commercial & Industrial (C&I). Headquartered in the Bank’s Teaneck location, Ms. O’Hara is responsible for growing a portfolio of commercial clients in the Bank’s markets and providing customized solutions through personal client service in the Commercial and Industrial (C&I) business.

Qumu Corporation (Nasdaq: QUMU), a leading provider of cloud-based enterprise video technology for organizations of all sizes, has closed a $10 million revolving credit facility with Wells Fargo Bank, NA. The revolving credit facility availability is determined by recurring revenue, and has a maturity date of January 15, 2023.

Amerisource Business Capital announced the closing and funding of a $1,000,000 senior credit facility for a Texas based healthcare staffing firm. The proceeds were used to refinance the Company’s prior lender and to provide additional growth capital.

Encina Business Credit, LLC announced today that it has provided a $35 million senior secured revolving credit facility to a retailer. The senior secured revolving line of credit, which is collateralized by accounts receivable and inventory, was used to refinance the borrower’s existing facility.

Sterling National Bank's Commercial Services Group provided senior secured credit facilities totaling $8,500,000 to Ice Air, LLC. The credit facilities will refinance the company’s existing debt as well as provide working capital to further expand and support the Company’s future projected growth.

CapFlow Funding Group (“CapFlow”) is pleased to announce the appointment of Tom Harris as Senior Vice President of Business Development. Based in Chicago, IL, Harris will drive new business efforts in both the Midwest and nationwide. “Tom brings 25 years of commercial finance experience to CapFlow, where he will continue to provide innovative financing solutions to his clients. We are pleased to have Tom join our sales team,” said CEO Andrew Coon.

Today, Assembled Brands is thrilled to celebrate the closing of a new $4 million revolving line of credit with Hammitt, a premium line of handbags and accessories that's a beloved favorite among retail partners and digital shoppers alike. Through this partnership, the LA-based company will further extend their marketing efforts and continue to expand their inventory assortment.

TAB Bank is pleased to announce it has provided a $1.5 million asset-based credit facility for a manufacturing company based in Michigan. The facility is based on a multi-year agreement and will provide for the company’s ongoing working capital needs. The company manufactures and provides electrical assembly, wiring, and connections for the robotics and assembly lines used in the U.S. automotive industry.

Synalloy Corporation (NASDAQ:SYNL) (“Synalloy” or the “Company”) today announced that it has entered into a new, four-year revolving credit facility that provides up to $150 million of borrowing capacity. The new facility matures on January 15, 2025 and replaces and terminates the previous $100 million revolving facility that was scheduled to mature on December 21, 2021 and the $20 million term loan facility scheduled to mature on February 1, 2024. The new facility was provided by BMO Harris Bank, N.A. as Agent and sole lender.