Commercial Finance Partners Promotes Buanno to President
Oct 30, 2023
Commercial Finance Partners, a Boca Raton-based direct lender and debt advisory firm, has promoted John Buanno to President. John Buanno has been with Commercial Finance Partners since 2019, leading the growth of the company’s direct lending platform; tripling the client volume since his arrival.
The State of Retail: How Did We Get Here and What’s on the Horizon?
Oct 25, 2023
While retail data reported at the mid-summer mark pointed to a strong labor market, steady consumer spending in certain categories and retail sales up from last year for several straight months, the data only tells one side of the story. The numbers are merely inching forward, as growth across many sectors has been sluggish, if not altogether fl at. This year has unexpectedly been a mixed bag for the retail and credit market, and with continued volatility and an overall lackluster economic forecast, businesses and lenders must be prepared for any scenario.
Cambridge Savings Bank Hires Michael Richardson as Vice President, Relationship Manager – Asset-Based Lending
Oct 25, 2023
Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and more than $6 billion in assets, today announced the appointment of Michael Richardson to the role of Vice President, Relationship Manager, on the Asset-Based Lending (ABL) team. Richardson will be responsible for managing several of the bank’s ABL relationships, while leveraging his vast network to identify and close on new lending opportunities.
Staffing: An Industry with Many Facets
Oct 23, 2023
In May of 2022, when the author became CEO of Access Capital, the Company already had a long history of being a leading non-bank lender to the staffing industry. In this article, written with the help of Raphael Torres, head of business development, and Jessica Sanchez, director of marketing, Terry Keating will share some thoughts about the industry that he has learned through his journey over the past 18 months.
eCapital Appoints David Gladu as President, Head of Factoring Group, North America
Oct 23, 2023
eCapital Corp. ("eCapital" or "the Company"), a leading finance provider in North America and the UK, is proud to announce the appointment of David Gladu as President, Head of Factoring Group, North America. In the new role, Gladu will lead the expansion and advancement of eCapital's substantial factoring portfolio and divisional initiatives.
Navigating the Future: Exploring Opportunities in Healthcare Asset-Based Lending
Oct 17, 2023
Healthcare is an industry that is constantly changing. Lenders wishing to lend into the space need to develop expertise pertaining to the unique financial needs and challenges of the sector. This article explores the opportunities to lend into this space.
A Framework For Championing Securitization in Africa to Mobilize Capital and Drive Economic Development
Oct 12, 2023
The potential of securitization to meet a range of financing needs in African markets is yet to be fully realized.
Tony Montemurro Joins Mitsubishi HC Capital America as Vice President, Sales for Structured Finance
Oct 12, 2023
Mitsubishi HC Capital America, the largest non-bank, non-captive finance provider in North America with $7.5 billion in owned and managed assets, announces that Tony Montemurro has joined the company’s Structured Finance and Leasing team as Vice President, Sales.
Anatomy of a Deal: Entrepreneurial
Oct 10, 2023
Joseph Heim and Jamie Franz of Culain Capital illustrate a recent deal and how being creative is critical to victory.
Prominent Banking Partner Rejoins Latham & Watkins In New York
Latham & Watkins LLP is pleased to announce that Jennifer Ezring has rejoined the firm's New York office as a partner in the Banking Practice. Ezring has significant experience advising commercial and investment banks on leveraged finance and asset-based lending transactions.
Anatomy of a Deal: Participations
At Haversine Funding, we take pride in offering unique and flexible alternatives to our clients. The adaptability built into our DNA allows us to provide senior and junior lines of credit - exclusively to factors and lenders - ensuring we don’t compete with our clients.
Anatomy of a Deal: Non-Bank ABL Solutions - Maximizing Availability and Flexibility
White Oak executives detail a complex deal that unlocked substantial liquidity for an asset-heavy borrower in a non-traditional ABL industry.
SFNet Announces Governance Boards Leadership
Oct 2, 2023
The Secured Finance Network Executive Committee and Member Directors of SFNet have approved the FY24 SFNet Executive and Management Committee members. In addition, the Secured Finance Foundation Board and its Member Donors have approved the FY24 SFFound Board and Officers.
Peoples Financial Services Corp. and FNCB Bancorp, Inc. Announce Transformational Strategic Merger
Sep 28, 2023
Peoples Financial Services Corp. ("Peoples") (Nasdaq: PFIS
) and FNCB Bancorp, Inc. ("FNCB") (Nasdaq: FNCB
) today announced they have entered into a definitive agreement under which Peoples and FNCB will combine in an all-stock strategic merger valued at approximately $129.0 million based on a 20-day volume.
Anatomy of a Deal: Distilling the Right Financial Solution for a Whiskey Business
Sep 26, 2023
In 2020, companies across the globe experienced challenges that had previously only been hypothetical scenarios posed by business school professors. Fast forward to 2023: taking their learnings from the unprecedented events of 2020, businesses are exploring capital preservation and unique, flexible financial solutions that will support their company through the next economic challenge. Throughout this article, we will walk through how Wells Fargo completed a transaction for a new customer, working to find a solution suited to fit their needs in a unique and dynamic industry.
Tucows Inc. Announces New Credit Facility with Bank of Montreal
Sep 26, 2023
Tucows Inc. (NASDAQ: TCX
) (TSX: TC), a global company dedicated to making the internet better, is pleased to announce that on September 22, 2023, the company and its wholly owned subsidiaries entered into a new Credit Agreement with Bank of Montreal ("BMO") as administrative agent which provides for a revolving Credit Facility of up to $240 million.
Interview with eCapital’s CEO Marius Silvasan
Sep 25, 2023
Marius Silvasan has built eCapital into a fast-growing financial technology firm through an ambitious and impactful M&A strategy. With the successful development of a proprietary technology-driven platform, eCapital is transforming financing for small-to mid-size companies. Under Silvasan’s leadership, eCapital has grown into a multi-disciplinary team of over 700 employees which, to date, has helped 30,000+ businesses garner more than $36 billion in financing to fuel their growth.
SFNet Committee Spotlight: Convention Planning Committee
Sep 20, 2023
This column highlights the hard work and dedication of SFNet committee volunteers.
Here we speak with Don Clarke, president, Asset Based Lending Consultants, and chair of SFNet’s Convention Planning Committee.
The Convention Planning Committee helps with the development of panels, speakers, venue selection and more for the SFNet’s largest attended event of the year, the Annual Convention
Oxford Commercial Finance Now Offering Purchase Order Financing as Add-On to its Popular Accounts Receivable and Asset-Based Loans for Businesses
Sep 19, 2023
Enfusion Announces Closing of New $100 Million Credit Facility
Sep 19, 2023
Enfusion, Inc. (“Enfusion”) (NYSE: ENFN), a leading provider of cloud-native software-as-a-service (SaaS) solutions for investment managers, announced today that on September 15, 2023, it entered into a new $100 million revolving credit facility. The lenders under the credit facility are primarily a syndicate of Enfusion’s relationship banks, including Bank of America, N.A.