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Today's Top Story
Featured
Blank Rome Assembles Team of Leading Attorneys to Open Dallas Office
Blank Rome LLP announced today the opening of a new office in Dallas—the firm’s 15th office and second in Texas—with the addition of seven attorneys. Aligning with Blank Rome’s core strengths, the Dallas team is a powerhouse combination of leading corporate, real estate, and finance attorneys with national practices. The new office is located at The Crescent in Uptown.
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Featured
Convention Panel on Cannabis Points to Growing Market with Many Red Flags
Cannabis remains a controlled substance at the federal level, but a number of states have legalized it under state law. As a result, marijuana-related business (MRB) lending is ripe for growth. However, banks and non-bank lenders are entering this sector with caution. The presenters at SFNet’s 78th Annual Convention in November provided Canadian and U.S. perspectives on this dynamic market.
TSL Express Daily Headlines & News
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Grant Thornton Survey: CFOs Reach Highest Level of Optimism in Nearly Three Years
July 9, 2024A new survey from Grant Thornton, one of America’s largest brands for audit, assurance, tax, and advisory services, revealed that chief financial officers (CFOs) are optimistic about the U.S. economy. In fact, at 58%, this is the highest level of optimism since the third quarter of 2021.
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Tiger Finance Posts Strong Q2 Lending Growth in 2024
July 9, 2024
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Tiger Finance Posts Strong Q2 Lending Growth in 2024
July 9, 2024Tiger Finance's lending platform continued to grow in the second quarter ended June 30, providing $90 million in financing to retail and other borrowers across North America.
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Tiger Finance Posts Strong Q2 Lending Growth in 2024
July 9, 2024Tiger Finance's lending platform continued to grow in the second quarter ended June 30, providing $90 million in financing to retail and other borrowers across North America.
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SLR Credit Solutions Agents Senior Credit Facility For Quantcast
July 9, 2024SLR Credit Solutions (“SLR CS”) announced the closing of a $65 million Senior Credit Facility for Quantcast Corporation (“Quantcast” or the “Company”), a leader in applying artificial intelligence (AI) to programmatic advertising.
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Rosenthal & Rosenthal Closes Three California-Based Transactions
July 9, 2024Rosenthal & Rosenthal, Inc., the leading factoring, asset based lending, purchase order financing and inventory financing firm in the United States, today announced the completion of two asset-based lending transactions totaling $7.5 million and one collection factoring facility.
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J D Factors Provides $8,625,000 in new Factoring Facilities During June
July 9, 2024J D Factors provided $8,625,000 in new factoring facilities to 37 new clients in the US and Canada during the month of June. Some of these facilities include: a $900,000 factoring facility for a transportation company in Alberta; a $1,000,000 factoring facility for a commercial relocation company in California, a $250,000 factoring facility for a truck repair and parts distribution company in Ontario.
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J D Factors Provides $8,625,000 in new Factoring Facilities During June
July 9, 2024J D Factors provided $8,625,000 in new factoring facilities to 37 new clients in the US and Canada during the month of June. Some of these facilities include: a $900,000 factoring facility for a transportation company in Alberta; a $1,000,000 factoring facility for a commercial relocation company in California, a $250,000 factoring facility for a truck repair and parts distribution company in Ontario.
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J D Factors Provides $8,625,000 in new Factoring Facilities During June
July 9, 2024J D Factors provided $8,625,000 in new factoring facilities to 37 new clients in the US and Canada during the month of June. Some of these facilities include: a $900,000 factoring facility for a transportation company in Alberta; a $1,000,000 factoring facility for a commercial relocation company in California, a $250,000 factoring facility for a truck repair and parts distribution company in Ontario.
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J D Factors Provides $8,625,000 in new Factoring Facilities During June
July 9, 2024J D Factors provided $8,625,000 in new factoring facilities to 37 new clients in the US and Canada during the month of June. Some of these facilities include: a $900,000 factoring facility for a transportation company in Alberta; a $1,000,000 factoring facility for a commercial relocation company in California, a $250,000 factoring facility for a truck repair and parts distribution company in Ontario.
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J D Factors Provides $8,625,000 in new Factoring Facilities During June
July 9, 2024J D Factors provided $8,625,000 in new factoring facilities to 37 new clients in the US and Canada during the month of June. Some of these facilities include: a $900,000 factoring facility for a transportation company in Alberta; a $1,000,000 factoring facility for a commercial relocation company in California, a $250,000 factoring facility for a truck repair and parts distribution company in Ontario.
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J D Factors Provides $8,625,000 in new Factoring Facilities During June
July 9, 2024J D Factors provided $8,625,000 in new factoring facilities to 37 new clients in the US and Canada during the month of June. Some of these facilities include: a $900,000 factoring facility for a transportation company in Alberta; a $1,000,000 factoring facility for a commercial relocation company in California, a $250,000 factoring facility for a truck repair and parts distribution company in Ontario.
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J D Factors Provides $8,625,000 in new Factoring Facilities During June
July 9, 2024J D Factors provided $8,625,000 in new factoring facilities to 37 new clients in the US and Canada during the month of June. Some of these facilities include: a $900,000 factoring facility for a transportation company in Alberta; a $1,000,000 factoring facility for a commercial relocation company in California, a $250,000 factoring facility for a truck repair and parts distribution company in Ontario.
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Delos Capital Announces Formation of Financial Advisory Group and Expansion of Investing Operations
July 9, 2024Delos Capital Management today announced that Ari Lefkovits and Andrew Schweibold have joined as co-managing partners alongside current managing partner Matt Constantino. Together, they will provide a unique value proposition for companies looking to address their capital structure and strategic needs.
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CyrusOne Secures $9.7 Billion in New Debt Capital to Fund Datacenter Growth
July 8, 2024CyrusOne, a leading global data center owner, developer and operator specializing in delivering state-of-the-art digital infrastructure solutions, today announced the closing of a $7.9 billion Warehouse Credit Facility. The executed transaction is incremental to the $1.8 billion Revolving Credit Facility financing completed in May, leading to approximately $9.7 billion of additional debt capital raised with broad-based support from lenders.
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Rosenthal & Rosenthal Closes Three California-Based Transactions
July 8, 2024Rosenthal & Rosenthal, Inc., the leading factoring, asset based lending, purchase order financing and inventory financing firm in the United States, today announced the completion of two asset-based lending transactions totaling $7.5 million and one collection factoring facility.
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Sallyport Commercial Finance Provides $2 Million to a Canadian Distribution & Storage Business
July 8, 2024Sallyport Commercial Finance announced it has successfully funded a $2 million invoice factoring facility for a rapidly growing distribution and storage company based in Western Canada. This significant financial partnership is set to propel our client’s expansion efforts.
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PPL Group to Auction Oilfield Directional Drilling Company in West Texas
July 8, 2024PPL Group will be conducting a webcast auction for the assets of AIM Directional Services, LLC – a leader in Directional Drilling, Mud Motor Services and Measurement While Drilling (MWD) Services and Tools for the oilfield.
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Grant Thornton’s Jim Wittmer Named Managing Principal of the Firm’s Atlantic Coast Region
July 8, 2024Grant Thornton, one of America’s largest brands for audit, assurance, tax, and advisory services, has named Jim Wittmer the managing principal of the firm’s Atlantic Coast region. In this role, Wittmer will oversee Grant Thornton’s teams in Arlington, Virginia, Washington, D.C., Baltimore, Pittsburgh and Philadelphia, where he is based.
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Penn Community Bank Welcomes New Commercial Banking Team Leader
July 8, 2024Penn Community Bank, the largest mutual bank in eastern Pennsylvania, is pleased to announce the hiring of Zac Collins, SVP – Commercial Banking Team Leader. In his new role, Zac will lead a team focused on Commercial and Industrial (C&I) Banking in the Bucks and Montgomery counties, as well as Lehigh Valley.
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