Josh was raised in the Northern Virginia area, graduated from Stone Bridge High School, and attends Washington & Lee University, where he holds numerous football records. Josh also volunteers with several mentoring programs for at-risk youth.

A Michigan distributor of consumer food products was looking for a new lender. The firm was experiencing record growth and needed a lender that could grow with them. 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 August 2020.

Century 21, an institution for bargain shoppers in New York City for nearly 60 years, is closing for good due to the COVID-19 pandemic. The retailer announced Thursday it filed for Chapter 11 bankruptcy and will close all 13 department stores across New York, New Jersey, Pennsylvania and Florida.

Hilco Global has issued a timely report on the current state of retail inventories and how the ongoing, pervasive environment of uncertainty is likely to impact the disposition of merchandise into the off-price market moving ahead. Weighing Retail Inventory Monetization Options is Critical as COVID-19 Persists, co-authored by Marc Caplan and Ray Armendariz of Hilco Wholesale Solutions, looks at how alternative strategies and creativity in monetizing these inventory assets can play an important role in providing the liquidity needed by many retailers and manufacturers during this unprecedented period.

First Business Growth Funding, the Accounts Receivable Financing arm of First Business Financial Services, Inc., announces that Roger Moore has been hired as Vice President - Business Development Officer. He is located in the Memphis, Tennessee area. Roger has over 25 years of experience in the commercial finance industry. For the last 10 years, he focused on providing working capital solutions to businesses through Accounts Receivable Financing and Asset-Based Lending.

Julia Gavrilov, counsel in the Garden City office of Moritt Hock & Hamroff LLP has been chosen as a recipient of the 2020 Secured Finance Network's (SFNet) 40 Under 40 Awards. The global award recognizes the best and the brightest rising stars in the secured finance industry. SFNet was formerly the Commercial Finance Association, the nationwide trade association in the secured lending community.

Phoenix Electric (“Phoenix” or the “Company”), the leading multi-family electrical contractor in Texas and a portfolio company of Tejas Investments, has been acquired by Ascension Property Services (“Ascension”). Phoenix’s President, Michael Riley, will continue to lead and operate the Company. Specific terms of the transaction were not disclosed. FocalPoint Partners, LLC (“FocalPoint”) served as financial advisor to the Company.

September 17 event will explore key aspects, impacts of OCC’s CRA rule for lenders.

CapitalPlus Construction Services, a leading provider of accounts receivable financing for the construction industry, recently announced the addition of Adam T. Keck as Senior Account Executive. Adam will be responsible for business development and client management in the western region of the United States.

Restructuring Provides for Enhanced Liquidity via a $80 million Revolving Credit Facility and up to $97.5 million of New Money Investment from Existing Lenders Transaction to be Implemented Through a Voluntary, Pre-Packaged Chapter 11 Process Operations Continuing Without Interruption; No Impact Expected for Customers, Vendors, or Employees

BlueVine, the leading provider of small business banking, today announced it has secured a $75 million revolving credit facility from funds managed by Atalaya Capital Management, a private credit and special opportunities investment manager based in New York. BlueVine will leverage the capital to expand its best-in-class, flexible Line of Credit lending solution.

Amended Terms Provide Greater Financial Flexibility by Removing Demand Function and Extending Maturity Date through to End of 2021

TAB Bank is pleased to announce it has provided a $4.5 million asset-based revolving credit facility for manufacturing company based in Texas. The new facility is extended through a multi-year agreement and will provide for the ongoing working capital needs for the company.

Lands' End, Inc. (NASDAQ: LE) today announced that it has secured a new term loan of $275 million. The loan proceeds, combined with borrowings under the Company’s ABL Facility, were used to refinance the Company’s term loan, which was due in April 2021. Upon the closing of the refinancing, maximum availability under the ABL Facility was expanded by $75 million to $275 million.

Weil, Gotshal & Manges LLP served as legal counsel, Lazard served as investment banker, and AlixPartners, LLP served as restructuring advisor to J.Crew Group. Anchorage and other members of an ad hoc committee were represented by Milbank LLP as legal counsel and PJT Partners LP as investment banker. BofA Securities, Inc., JPMorgan Chase Bank, N.A., and MUFG Union Bank, N.A. served as joint lead arrangers and joint bookrunners for the new ABL credit facility.

Rosenthal & Rosenthal, Inc., the leading independent factoring, asset-based lending and purchase order financing firm in the United States, today announced that Heather Fidura will be relocating to Florida, adding to the Southeast’s already robust team of financial services professionals. After nearly 10 years with Rosenthal’s New York office, Fidura will now be based in Tampa, Florida and will continue her role as a Business Development Officer, sourcing new business for the firm across all products: asset-based lending, factoring and purchase order financing.

Gateway Trade Funding, a PO and Trade Financing company, is happy to announce that we have recently closed the following purchase order facilities: • A $2,500,000 facility for an importer of PPE gowns selling to a large US municipality. • A $1,000,000 facility for an importer of PPE products selling to US states, municipalities and the federal government.

LBC Credit Partners (“LBC”), one of the leading providers of financing solutions to middle market companies, provided a senior secured term loan facility to support the investment in iVision by CIVC Partners, in partnership with the existing management team. LBC served as Joint Lead Arranger for the senior secured term loan facility.

Versant Funding LLC is pleased to announce it has funded a $1,800,000 non-recourse factoring facility to a national distributor of sweets and treats.

Bank of America N.A. is the Administrative Agent and JPMorgan Chase Bank, N.A. and Wells Fargo Bank, National Association are Co-Syndication Agents. BofA Securities, Inc., JPMorgan Chase Bank, N.A. and Wells Fargo Securities, LLC were the Joint Lead Arrangers and Joint Book Managers.