- TSL Feature Articles
- ORIX USA Welcomes James Gruver as Head of Capital Formation
- Peapack Private Promotes Lisa Brandi to Senior Vice President, Treasury Management Sales
- SLR Business Credit Provides $10 Million Senior Secured Asset-Based Credit Facility to a European Foods Importer
- Rosenthal Capital Group Closes Five ABL Transactions Across Multiple Industries Totaling $18 Million
TSL Express Daily Articles & News
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Today's Top Story
Featured
Slide Insurance Raises Additional $35 Million of Capital
Slide Insurance, a full-stack insurtech focused on homeowners insurance, announced today the closing of a $35 million senior credit facility with Regions Bank.
TSL Express Trending Story
Featured
Asset-Based Lending: A Primer
Simply put, asset-based lending (ABL) is a way of lending money to companies. Such loans are made by commercial banks and by specialty finance companies, and loan sizes can range from several hundred thousand to many hundreds of millions of dollars. These loan proceeds are used to assist companies in high-growth, distressed, or sometimes even in start-up situations.
TSL Express Daily Headlines & News
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May Small Business Filings Increase 53 Percent Over the Same Period Last Year
June 5, 2024Small business filings, captured as subchapter V elections within chapter 11, registered a 53 percent increase to 228 in May 2024 from 149 in May 2023, according to data provided by Epiq AACER, the leading provider of U.S. bankruptcy filing data. Commercial chapter 11 filings increased 11 percent in May 2024 to 759 from the 683 filings in May 2023.
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In Memoriam: Eric Anderson
June 4, 2024Eric William Anderson, age 63, of Atlanta, Georgia, passed away peacefully in his home on May 30, 2024. He was born on May 24, 1961, in Madison, Wisconsin, to Eleanor Shefferman and Norman Anderson. He is survived by his wife, Ellen; his children, Ian, Henry, and Eva; and his grandchildren, Bowen and Brooks.
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Raketech Signs Revolving Credit Facility with Bank of Valletta
June 4, 2024Raketech Group Holding Plc (Nasdaq:RAKE), the iGaming performance marketing partner is pleased to announce that the company has signed a revolving credit facility (RCF) with Bank of Valletta, one of the largest banks in Malta, partially owned by the Maltese government.
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First Citizens BancShares Debuts on Fortune 500
June 4, 2024First Citizens BancShares Inc. (Nasdaq: FCNCA), parent company of First Citizens Bank, today was named for the first time to the Fortune 500™ list of the largest companies in the United States by revenue.
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Monroe Capital Supports Sheer Logistics’ Acquisition of CargoBarn
June 4, 2024Monroe Capital LLC (“Monroe”) announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility and equity co-investment to support the acquisition of CargoBarn by Sheer Logistics, an existing portfolio company of Woodlawn Partners.
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Cambridge Savings Bank Hires Industry Veteran as the New Head of Consumer and Small Business Banking
June 4, 2024Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and nearly $7 billion in assets, is pleased to announce that Angela Conti will be joining the leadership team as Head of Consumer and Small Business Banking.
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Beacon Pointe Advisors Expands Pacific Northwest Presence with Joslin Capital Acquisition
June 4, 2024Beacon Pointe Advisors ("Beacon Pointe") announces its recent partnership with Joslin Capital Advisors ("Joslin Capital"). Based in Redmond, Washington, Joslin Capital is Beacon Pointe's second RIA acquisition of 2024 and brings approximately $775M in client assets under advisement to Beacon Pointe.
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Nassau Financial Group and Golub Capital Announce Strategic Partnership
June 4, 2024Nassau Financial Group (“Nassau”), a leading provider of fixed annuities and asset management, and Golub Capital, a market-leading direct lender and experienced credit asset manager, today announced they have signed a definitive agreement to enter into a strategic partnership.
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Legacy Corporate Lending Appoints Carlos Acedo as Vice President of Finance
June 4, 2024Legacy Corporate Lending, LLC (“Legacy”), an independent asset-based lending (ABL) company focused on serving the needs of middle market companies across North America, today announced that it has appointed Carlos Acedo as the Company’s Vice President of Finance. Mr. Acedo will report to Legacy Chief Executive Officer Clark Griffith and will play a key role in shaping the financial strategies of the company.
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J D Factors Provides $10,250,000 in New Factoring Facilities
June 3, 2024J D Factors provided $10,250,000 in new factoring facilities to 41 new clients in the US and Canada during the month of May.
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J D Factors Provides $10,250,000 in New Factoring Facilities
June 3, 2024J D Factors provided $10,250,000 in new factoring facilities to 41 new clients in the US and Canada during the month of May.
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J D Factors Provides $10,250,000 in New Factoring Facilities
June 3, 2024J D Factors provided $10,250,000 in new factoring facilities to 41 new clients in the US and Canada during the month of May.
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J D Factors Provides $10,250,000 in New Factoring Facilities
June 3, 2024J D Factors provided $10,250,000 in new factoring facilities to 41 new clients in the US and Canada during the month of May.
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J D Factors Provides $10,250,000 in New Factoring Facilities
June 3, 2024J D Factors provided $10,250,000 in new factoring facilities to 41 new clients in the US and Canada during the month of May.
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J D Factors Provides $10,250,000 in New Factoring Facilities
June 3, 2024J D Factors provided $10,250,000 in new factoring facilities to 41 new clients in the US and Canada during the month of May.
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J D Factors Provides $10,250,000 in New Factoring Facilities
June 3, 2024J D Factors provided $10,250,000 in new factoring facilities to 41 new clients in the US and Canada during the month of May.
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SFNet New Member Spotlight: Lenders Funding, LLC
June 3, 2024Since early 2000, our customized participation and lending programs allow our factors and ABL to service larger transactions than concentration limitations or capital allows.
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UMB Capital Finance Provides a $22,500,000 Credit Facility for the Recapitalization of a Food Processor in Texas
June 3, 2024UMB Capital Finance has announced the closing of a $22,500,000 senior credit facility for a Texas-based food processing business. The company was acquired in an all-equity transaction by a private investor group in late 2023.
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Mountain Ridge Capital Provides $30.8 Million Credit Facility to Wood Products Distribution Company
June 3, 2024Mountain Ridge Capital ("MRC") is pleased to announce the closing of a $30.8 million senior secured credit facility to a midwestern-based premier manufacturer and distributor of cabinet components and wood products for the Recreational Vehicle, cabinetry, and residential kitchen & bath industries.
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Stonebriar Commercial Finance Commits $300 Million Capital to Accelerated Mobile Power for Mobile Power Generation Asset Acquisition
June 3, 2024Stonebriar is pleased to announce a substantial capital commitment of $300 million to Accelerated Mobile Power ("AMP"), facilitating the acquisition of leading-edge low emissions mobile power generation assets. This strategic partnership underscores Stonebriar's dedication to driving economic growth and advancing technological innovation.
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