Rigid terms or restrictive covenants are common challenges businesses face with traditional bank lending. This was the case for Hayes Performance Systems, a sponsor-backed business seeking more liquidity.

CIBC Innovation Banking announced today that it has provided venture debt financing to SlicedHealth, Inc. The company will use the financing to further its investment in the platform and grow its workforce. SlicedHealth raised a Series A lead by Arthur Ventures in July 2024.

Webster Financial Corporation (NYSE: WBS) (“Webster” or “the Company”), the holding company for Webster Bank, N.A., today announced that after 14 years with the Company, Dan Bley intends to retire from his role as Executive Vice President and Chief Risk Officer (CRO). Mr. Bley will continue to serve as the Company’s CRO until a successor is appointed and will then serve in an advisory role to ensure a smooth transition.

FGI Worldwide LLC (“FGI”), a global leader in commercial finance, today announced that independently operated, national leader in specialty finance, Sallyport Commercial Finance LLC (“Sallyport”) has chosen T.R.U.S.T.™ as its software platform for client credit insurance policy management.

Entrepreneur Growth Capital (“EGC”) is pleased to announce the closing of a $10 million asset-based facility to one of Amazon’s leading brand developers (“the Company”). The credit facility provides availability against both accounts receivable and inventory and provides for a $5MM seasonal overadvance.

NXT Capital announced today that it closed a senior credit facility in support of Incline Equity Partners’ acquisition of Command Investigations. NXT Capital acted as Sole Lead Arranger, Sole Bookrunner, and Administrative Agent on this transaction.

Alpine Ridge Funding is proud to announce the successful closing of a $3 million factoring facility for an infrastructure management company. The company needed working capital to support existing purchase orders and fuel the growth for future business.

Eclipse Business Capital, LLC ("EBC") has financed a $160 million senior secured revolving credit facility to a service provider in the oil & gas industry. The credit facility is secured by accounts receivable and inventory. The transaction refinances the company's existing credit facilities to support ongoing working capital needs.

Wendel (MF-FP) today announced that it has completed the definitive partnership agreement including the acquisition, together with AXA IM Prime, of 75% of Monroe Capital LLC (“Monroe Capital” or “the Company”), and a sponsoring program of $800 million to accelerate Monroe Capital’s growth, and will invest in GP commitment for up to $200 million.

The private equity and venture capital industries are optimistic as deal activity and fundraising is improving, despite caution about the macroeconomic environment, according to the S&P Global Market Intelligence 2025 Private Equity and Venture Capital Outlook.

Global business advisory firm EisnerAmper announces that the colleagues of the accounting practice of Prague & Company, P.C., are joining EisnerAmper in a combination expected to close in spring 2025.

AudioEye, Inc. (Nasdaq: AEYE) ("AudioEye" or the "Company"), the industry-leading digital accessibility company, today announced a new $20 million loan facility with Bridge Bank, a division of Western Alliance Bank, Member FDIC (NYSE: WAL), a financial institution with over $80 billion of assets.

Stellus Capital Management, LLC ("Stellus") announced today that its affiliates provided senior debt financing and an equity co-investment to support Kingswood Capital Management's ("Kingswood") investment in Identity Theft Guard Solutions, Inc. ("IDX" or the "Company"), a leading provider of data breach response services and digital privacy protection.

Grasshopper Bancorp, Inc. (“Grasshopper” or the “Company”) today announced the completion of its previously announced merger of its wholly owned subsidiary, Grasshopper Bank, N.A. (“Grasshopper Bank”), with Auto Club Trust, FSB (“Auto Club Trust”) in a cash and stock transaction.

Volkswagen Group has successfully renewed its syndicated multicurrency revolving credit facility, reinforcing its strong relationships with 44 core banking partners. This renewal reflects both Volkswagen’s continued growth and its stepwise transformation, ensuring long-term financial flexibility.

Targeted Lending Co., LLC, a leading force in the equipment finance industry, is pleased to announce the expansion of its senior credit facility with Wells Fargo Capital Finance to $75 million.

Winston & Strawn announced today the addition of Stanislav (“Stan”) Kalminsky as a partner in the firm’s Los Angeles office. He joins the Transactions Department where he will focus his practice on private equity, mergers and acquisitions, and general corporate and securities matters.

Advantage Business Capital, a subsidiary of Central Bank of Texas, today announces that its factoring division has provided and funded a $3.75MM participation revolver as a part of a total $15MM factoring line to a medical staffing agency providing temporary staffing services to the healthcare sector.

Pasadena Private Lending Inc. ("PPL"), an affiliate of Pasadena Private Financial Group, is pleased to announce it has recently closed on a $50 million secured term loan with SLR Capital Partners, LLC ("SLR"), an independent asset manager focused on providing capital solutions to U.S.-based middle market businesses across direct lending and specialty finance asset classes.

SLR Business Credit is proud to announce the promotion of Heidi Ames and Jennifer Borg to managing director.