Siena Lending Group LLC ("Siena") is pleased to announce the closing of a $10 million credit facility with Townsen Memorial Health System (“TMH", or "the Company”), a Houston-based network of multi-specialty healthcare facilities including hospital, surgical, and imaging centers. TMH provides top-quality individualized care for its patients via more than 370 providers at its world-class locations.

The Board of Directors of First Bancorp (NASDAQ: FBNC) (the "Company") announces the retirement of Mason Y. Garrett from the First Bancorp and First Bank Board of Directors (the "Board of Directors") effective July 26, 2024.

Alleon Healthcare, a premier healthcare accounts receivable financing firm, proudly celebrates its 15th anniversary. For over a decade and a half, Alleon Healthcare has been dedicated to providing innovative financial solutions that empower healthcare providers to optimize cash flow while focusing on delivering quality patient care.

First Citizens Bank today announced that its Middle Market Banking business provided $25 million in financing to F.W. Webb, the largest wholesale distributor of plumbing, heating and industrial products in the Northeastern U.S.

King Trade Capital is pleased to announce the move of our Dallas headquarters to a new location that better serves our clients, prospects, and the King Trade Capital team.

eCapital Corp. (“eCapital”), a leading tech-enabled finance provider specializing in tailored solutions for businesses across North America and the United Kingdom, announced a new $20 million non-notification factoring facility for a large private transportation company servicing clients across North America.

A leading solar power maintenance company faced a unique challenge when their lender mandated payment from their customer via check. This requirement strained the customer and began to impact the overall relationship between the solar company and its client.

esVolta, LP announced completion of $258 million senior secured credit facilities for a 980 MWh portfolio of standalone battery energy storage projects.

Mitsubishi HC Capital America, the largest non-bank, non-captive finance provider in North America with $7.5 billion in owned and managed assets, is pleased to announce that Daniel Harari has joined the company as Senior Vice President, Corporate Development – M&A and Investments.

BizCap®, a commercial finance advisory firm established in 2002, is pleased to announce its instrumental role in securing a $20 million Credit Facility for Arizona Athletic Grounds (“AAG”), the leading youth sports and entertainment facility in Mesa, Arizona.

Culain Capital is pleased to announce the structuring of a $500,000 accounts receivable financing facility for a leading temporary placement staffing agency. This strategic financial solution is designed to provide the company with the necessary working capital to support its ongoing growth and expansion efforts.

LSQ, a leading provider of working capital and payments management solutions, recently originated a $3 million accounts receivable credit facility for an IT staffing firm. The company was referred to LSQ by a banking partner that was unable to support funding facility increases.

Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $12MM asset-based lending (ABL) facility. The financing solution, which was extended to a family office-owned manufacturer of yarns and textile floor coverings, includes an AR and Inventory revolver, alongside a Machinery and Equipment term loan.

Womble Bond Dickinson announced today that Jon Levin has joined the firm’s Huntsville, Alabama, office as a partner in the Corporate and Securities group. Jon has practiced government contracts law for over two decades. He has successfully represented clients in hundreds of bid protests at the Court of Federal Claims and Government Accountability Office, appeals before the Federal Circuit, and on size and status matters before the Small Business Administration.

Adam is no stranger to the commercial real estate industry. His experience includes lending, originations, underwriting and brokerage in Denver, New York, and Kuala Lumpur, Malaysia. In his 18 years, he’s held the positions of Vice President, Relationship Manager, Senior Commercial Lender, Senior Business Development Manager and Account Executive at respective companies.

Sallyport Commercial Finance is pleased to announce that a leading toy distributor has secured $900,000 in funding. This funding package includes a $750,000 accounts receivable (AR) facility and a $150,000 inventory facility.

First Citizens Bank today announced that its CIT Commercial Services unit provided up to $48 million in financing to Crown Crafts Inc. (NASDAQ-CM: CRWS), one of America’s largest producers of infant bedding, toddler bedding, bibs, toys and disposable products.

Renasant Corporation (NYSE: RNST) (“Renasant”) and The First Bancshares, Inc. (“The First”) (NYSE: FBMS) jointly announced today that they have entered into a definitive agreement and plan of merger, pursuant to which The First will merge with and into Renasant (the “Merger”) in an all-stock transaction valued at approximately $1.2 billion, based on Renasant’s closing stock price as of July 26, 2024.

The national Citizens Business Conditions Index™ (CBCI) rose to 52.2 in the second quarter, pushing into expansionary territory after taking a step back at the beginning of the year. The reading above 50 indicates that economic momentum is building, in this case due to higher company revenue coupled with the prospect of easing monetary policy, which lowers the cost of capital.

Churchill Asset Management (“Churchill” or the “Firm”) today announced that it served as Joint Lead Arranger and Administrative Agent for a senior secured credit facility to support the acquisition of Insulation Technology Group (“ITG” or the “Company”) by TJC, LP (“TJC”).