- Altriarch Asset Management Acquires $30 Million Accounts Receivable Factoring Portfolio
- McGrath Announces Completion of $725 Million Financing
- J D Factors Provides $10.6 Million in New Factoring Facilities to 42 Clients in April
- Chicago Atlantic Provides $35 Million Senior Secured Credit Facility to Meridian Rapid Defense Group, LLC
- Guitar Center Amends and Extends Asset-Based Lending Facility
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
Today's Top Story
Featured
MUFG Announces New Head of CLO
Mitsubishi UFJ Financial Group (MUFG), a global leader in financial services, proudly announces the appointment of John Clements as Managing Director, Head of CLO
TSL Express Trending Story
Featured
When asked, “Is technology empowering or overshadowing expertise in asset-based lending?” the answer is simple: Yes.
We’re in an era where technology’s efficiency and human expertise should work together, and if balanced thoughtfully, we can absolutely have both. But this requires intention. As we lean into technology, we must preserve the critical thinking that defines the art of ABL.
TSL Express Daily Headlines & News
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Modivcare Enters into Comprehensive Restructuring Agreement to Strengthen its Future, Reduce Debt and Inject Capital
August 21, 2025Modivcare Inc. (the “Company” or “Modivcare”) (Nasdaq: MODV), a technology-enabled healthcare services company providing a platform of integrated supportive care solutions focused on improving health outcomes, today announced that it has taken necessary and decisive action intended to strengthen its financial foundation while continuing to provide access to care, reduce costs, and improve outcomes for clients and members nationwide.
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CIBC Innovation Banking Provides Growth Capital Financing to MedMe Health
August 20, 2025CIBC Innovation Banking announced today that it has provided a growth-focused credit facility to MedMe Health (“MedMe”). The company will use the financing to expand its product suite and scale its operations in North America.
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Cizzle Brands Secures $5 Million Revolving Credit Facility
August 20, 2025Cizzle Brands Corporation (Cboe Canada: CZZL) (OTCQB: CZZLF) (Frankfurt: 8YF) (the “Company” or “Cizzle Brands”), today announced that it has entered into a three-year $5,000,000 secured revolving credit facility (the “Facility”) provided by eCapital (“eCapital”)
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Neuberger Berman's NB Asset-Based Credit Fund: A Strategic Access Point to a $5 Trillion Private Credit Market
August 20, 2025The private credit market has emerged as a critical alternative to traditional bank lending, expanding from $230 billion in 2008 to over $2 trillion today, with projections suggesting it could surpass $5.4 trillion by 2027. This growth is driven by a seismic shift in the financial landscape: banks, constrained by regulatory frameworks like Basel III Endgame, are retreating from riskier credit markets.
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Franklin Capital Expands Leadership Team with Appointment of Steven Damon as Vice President of Operations
August 20, 2025Franklin Capital, a leading provider of factoring and working capital solutions, is pleased to announce the addition of Steven Damon as Vice President of Operations. Damon brings over 26 years of experience in asset-based lending, factoring, and audit, with a proven track record of managing $20 million-plus portfolios without losses and underwriting facilities up to $15 million.
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First Business Bank Funds $1MM Factoring for Steel Truss Manufacturer
August 20, 2025First Business Bank's Accounts Receivable Financing group recently funded a $1 million factoring facility for a Delaware-based manufacturer and wholesaler of steel trusses.
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Mitsubishi HC Capital America Recognized as 2025 Financial Services Top Workplaces Winner
August 20, 2025Mitsubishi HC Capital America, the leading non-bank, non-captive finance provider in North America, announces today that it is a 2025 Financial Services Top Workplaces Industry winner. The recognition, awarded by research and consulting firm Energage LLC, is an honor based solely on the voices of employees, with winners selected through anonymous feedback.
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Tetra Capital Recognized as One of FactoringClub’s Best Factoring Companies for the Fourth Time
August 20, 2025Tetra Capital, a leading provider of factoring solutions for the transportation industry, is proud to announce that it has been named one of FactoringClub’s Best Factoring Companies for 2025. This marks the fourth time Tetra Capital has received this prestigious recognition since 2018.
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SLR Healthcare ABL Provides $3 Million Asset-Based Revolving Line of Credit to a Hospice Care Provider
August 20, 2025SLR Healthcare ABL recently closed a $3MM asset-based revolving credit facility to a Midwest-based hospice provider. The private equity backed company was formed in 2022 to invest in regional hospice businesses where existing managers are seeking capital and advanced technological capabilities to grow their business.
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Stellus Capital Management, LLC Provides Unitranche Financing In Support of Rallyday Partners' Investment In Elder Care Homecare
August 20, 2025Stellus Capital Management, LLC ("Stellus") announced today that its affiliates provided senior debt financing and an equity co-investment in support of Rallyday Partners' ("Rallyday") investment in Elder Care Homecare ("Elder Care"), a premium senior home care agency serving New York, New Jersey, Connecticut, and Massachusetts.
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Drew Healy Joins Pinnacle's Corporate and Private Equity Banking Team to Serve SBICs
August 20, 2025Drew Healy has joined Pinnacle Financial Partners as a financial advisor specializing in serving the needs of Small Business Investment Companies (SBICs). He is based at the firm’s headquarters at Nashville Yards as part of Pinnacle’s growing practice focused on financial sponsors.
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Lambda Closes $275M Senior Secured Credit Facility, Led by J.P.Morgan, to Expand Superintelligence Infrastructure
August 20, 2025Lambda, the Superintelligence Cloud, today announced it has closed a $275M syndicated senior secured credit facility led and arranged by J.P. Morgan, with Citi, MUFG, and Crédit Agricole, among others, as lenders in the syndicate. The financing will allow Lambda to scale its AI data center footprint and GPU server fleet to meet growing demand from enterprise and superintelligence customers.
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Fifth Third Announces Acquisition of DTS Connex, Adding Scale, Innovation in Cash Management
August 20, 2025Fifth Third (Nasdaq: FITB) today announced its acquisition of DTS Connex, a leader in cash management software solutions for multi-location businesses such as retailers, restaurants and healthcare providers. The acquisition adds expanded capabilities in cash logistics offerings, infrastructure and risk management to Fifth Third’s Commercial Payments business.
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Chicago Atlantic Closes Senior Secured Term Loan to Nurture Life Inc., a Growing Child Nutrition Provider
August 19, 2025Chicago Atlantic announced its role as sole arranger and administrative agent in the funding of a senior secured term loan for Nurture Life Inc. (the Company). Nurture Life is a DTC (direct-to-consumer) meal delivery brand founded in 2015 by Steve Minisini and Jennifer Chow, headquartered in Chicago, IL.
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First Bank Texas Appoints Mark Drennan as Chief Lending Officer
August 19, 2025First Bank Texas announced the hiring of Mark Drennan as chief lending officer, bringing more than 25 years of leadership experience in commercial banking across North Texas to the institution’s executive leadership team.
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SG Credit Announces A Senior Debt Investment in ZICO Rising, Inc.
August 19, 2025SG Credit Partners, through its Consumer Products division, is pleased to announce a senior debt investment in ZICO Rising, the pioneering coconut water brand known for its commitment to natural hydration and clean-label ingredients.
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SouthStar Capital Provides $750,000 Accounts Receivable Financing Facility for a Newly Launched Directional Drilling Company
August 19, 2025SouthStar Capital is pleased to announce the funding of a $750,000 accounts receivable (A/R) financing facility for a newly launched directional drilling company specializing in fiber optic projects. Founded by a husband-and-wife team with extensive industry knowledge and hands-on expertise, the company has quickly established itself as a reliable provider in the fiber optic drilling market.
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Texas Capital Adds a Five-Person Healthcare Banking Team
August 19, 2025In June, Texas Capital added a five-person healthcare banking team with deep expertise across ABL, Cashflow and Real Estate—professionals who’ve spent the last 15 years building and leading together across top institutions. The team enhances both Texas Capital’s Corporate Banking and ABL capabilities and their move underscores confidence in Texas Capital’s transformation and strategy.
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Holland & Knight Advises Falfurrias Capital Partners in Strategic Investment in Woven Solutions
August 19, 2025Holland & Knight advised Falfurrias Capital Partners in its strategic investment in Woven Solutions, a leading provider of technology and software solutions for the national security community. The transaction was announced on August 12.
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Eagle Point Credit Management Hires Ken Yamashita, Managing Director, Head of Client and Partner Solutions for Japan
August 19, 2025Eagle Point Credit Management LLC (“Eagle Point”), a private credit investment manager, announced today that Ken Yamashita has joined the firm as Managing Director, Head of Client and Partner Solutions for Japan. Mr. Yamashita will report to Kyle McGrady, Senior Principal and Head of Client and Partner Solutions.
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