- Quickpay Funding Provides $150,000 Freight Factoring Facility to Texas Trucking Company
- High Tide Secures Credit Approval for C$40MM of Senior Secured Credit Facilities
- Beacon Bank and Baker Hill Expand Long-Standing Partnership to Enhance Digital Small Business and SBA Lending Experiences
- Salem Five Secures $10 Million Credit Facility for Concord Building & Design
- J D Factors Provides $14.7 Million in New Factoring Facilities in May
TSL Express Daily Articles & News
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Today's Top Story
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David A. Spehar Joins Tiger Group as Associate Director of Field Operations
David A. Spehar, a 30-year appraisal and disposition veteran whose work has encompassed over 350 companies and thousands of retail stores across North America, has joined Tiger Group as associate director of Field Operations.
Spehar’s new role includes overseeing Tiger’s data-driven approach to marketing and selling furniture, fixtures and equipment (FF&E) during liquidations and strategic store-closings, as well as conducting field evaluations of retail stores and distribution centers on behalf of Tiger’s valuation practice. He reports to Tiger Group Executive Managing Director Arnold L. Jacobs.
TSL Express Trending Story
Featured
Ever since the early days of blockchain with the 2009 introduction of Bitcoin, cryptocurrencies have been prone to periods of high and low valuation. After going through another “crypto-winter,” or period of low prices, lasting three years, cryptocurrencies have once again caught the attention of a broader investor community.
Since the second half of 2020, the sheer number of new cryptocurrency offerings and the price volatility have been breathtaking. For example, Ethereum—the number two cryptocurrency and blockchain platform by market cap—grew by 800 percent from October 2020-October 2021. As new investment vehicles for Bitcoin are introduced in the United States, the hype is at an all-time high.
TSL Express Daily Headlines & News
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H.I.G. Capital Expands Its Capital Formation Team with the Addition of Jenny Nelson, Jennie Park, and Joe Tremblay
November 30, 2023H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with $59 billion of equity capital under management, is pleased to announce that Jenny Nelson, Jennie Park, and Joe Tremblay have joined the firm’s Capital Formation Group. Jenny and Joe join as Managing Directors, based in California, and Jennie Park has joined as a Principal, based in New York.
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Cicada Partners and Atlendis Labs Announced Strategic Partnership to Build Private Credit On-Chain
November 30, 2023Cicada Partners, a credit risk management company, and Atlendis Labs, a private credit Fintech, jointly announced a strategic and exclusive partnership to launch short-duration private credit opportunities, with an initial focus on Asset-Backed Lines of Credit.
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B. Riley Launches US-Based Executive Search Practice
November 30, 2023B. Riley Advisory Services, a leading provider of business advisory, appraisal and consulting services and subsidiary of B. Riley Financial (Nasdaq: RILY), is pleased to announce the addition of Alistair Ross as a Senior Vice President, based in California.
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U.S. Regional Banks Factoring Climate Risks into Credit Decisions, Investment Strategies
November 29, 2023The U.S. banking industry, while lagging other developed markets, is continuing to progress in addressing the risks associated with climate change and the transition toward a low-carbon economy.
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Wolters Kluwer named a Great Place to Work by The Secured Lender
November 29, 2023Wolters Kluwer officials point to the company’s work to create an inclusive culture, which is reflected in recognitions such as Wolters Kluwer being named the Netherlands’ top company for gender diversity in the Equileap Gender Equality Global Report & Ranking, 2023 and among the Top 100 companies in the Financial Times’ Diversity Leaders 2023 ranking.
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TD Bank Ranks No. 1 in SBA Lending for 7th Straight Year
November 29, 2023TD Bank, America’s Most Convenient Bank®, announced today that it ranked No. 1 for the seventh consecutive year in total number of approved U.S. Small Business Administration (SBA) loans in its Maine-to-Florida footprint for the SBA's 2023 fiscal year. TD Bank is also the #2 ranked SBA lender nationwide.
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Ares Commercial Finance Provides Credit Facility to Priority Waste
November 29, 2023Ares Commercial Finance announced today that it, along with other Ares Management Credit funds, has provided a senior secured credit facility to Priority Waste (the “Company”), a portfolio company of TRP Capital Partners.
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First Citizens Bank Arranges $99.3 Million for Kayne Anderson Real Estate and Remedy Medical Properties Joint Ventures
November 29, 2023First Citizens Bank today announced that its Healthcare Finance business completed two transactions totaling $99.3 million with joint ventures managed by Kayne Anderson Real Estate and Remedy Medical Properties.
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Newtek Bank, N.A. Hires Chief Operating Officer of Digital Banking Operations
November 29, 2023NewtekOne, Inc. (the “Company”) (NASDAQ: NEWT), today announced that its bank subsidiary, Newtek Bank, N.A., has hired Ms. Jennifer Merritt as Chief Operating Officer of digital banking operations, effective November 27, 2023.
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US Capital Global Appoints Steven J. Barton as Senior VP for New Minneapolis Office
November 29, 2023US Capital Global, a leading global private financial group for the middle market, is excited to announce the appointment of Steven J. Barton as Senior Vice President to lead its newly established office in Minneapolis, Minnesota.
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Food Production, Processing and Packaging Equipment Goes to the Gavel Dec. 12 in Online Bankruptcy Auction
November 29, 2023By order of U.S. Bankruptcy Court, Tiger Group offers assets from Lemnature AquaFarmsproduction and R&D plants in Florida; bidding opens Dec. 5.
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SMBC Hires Paul Burke to Lead New Capital Solutions Group
November 29, 2023Sumitomo Mitsui Banking Corporation (SMBC), a member of SMBC Group, today announced that Paul Burke has joined the firm to lead a newly created Capital Solutions Group.
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Six One Commodities Successfully Expands and Renews Revolving Credit Facility
November 29, 2023Six One Commodities LLC (“61C”) today announced that it has successfully closed a $700 million expansion and renewal of its one-year revolving borrowing base credit facility (the “Facility”). ING Capital LLC, Wells Fargo Bank, N.A., MUFG Bank, Ltd., and Societe Generale are Joint Lead Arrangers for the Facility. Other lenders participating in the facility are HSBC Bank USA NA, Coöperative Rabobank U.A, Natixis, New York Branch, Credit Agricole Corporate and Investment Bank, GarantiBank International N.V., and Valley National Bank.
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Primergy Secures $300M Debt and Tax Equity Investment for Prairie Mist Solar Project
November 29, 2023Primergy Solar LLC ('Primergy'), a leading developer, owner, and operator of utility-scale solar and storage projects, announced today that it closed commitments for $300 million in debt finance and tax equity investment for the 100 MWac Prairie Mist Solar Project in Ashley County, Arkansas.
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Siena Lending Group Completes $45.6 Million Credit Facilities for a Healthier Snacks and Food Producer
November 29, 2023Siena Lending Group LLC ("Siena") is pleased to announce the closing of credit facilities totaling $45.6 million for a California-based manufacturer of healthier snacks and related food products (the “Company”).
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CIBC Innovation Banking Provides Senior Credit Facilities to Parsec Automation
November 28, 2023CIBC Innovation Banking announced today that it has provided Senior Credit Facilities to support BVP Forge’s strategic investment, and fund the recapitalization of Parsec Automation, a leading Manufacturing Operations Management (MoM) software platform.
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Gateway Trade Funding Provides a $1,000,000 Purchase Order Facility to a Vitamin Supplement Company
November 28, 2023A vitamin supplement company secured a promising contract with payment terms beyond their current cash flow capabilities. Keen to take advantage of this significant opportunity, a broker referred them to Gateway Trade Funding.
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Yieldstreet and Garrington Capital Announce Joint Venture Focused on Equipment Finance
November 28, 2023Yieldstreet, a leading private markets investing platform, and Garrington Capital US Corp. (“Garrington”), a leading provider of capital solutions to small- and mid-sized enterprises in the United States and Canada, today announce a new joint venture focused on opportunities in the equipment finance sector.
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Wells Fargo Announces Expansion at Hudson Yards
November 28, 2023Wells Fargo today announced its formal plans to expand its Hudson Yards office footprint and create a better, more collaborative employee experience with the purchase of additional space at Hudson Yards. This transaction represents a significant investment in the New York City (NYC) market and an opportunity to bring most NYC-based Wells Fargo employees together in one location for improved collaboration and access to new, more modern workspaces, technology, and amenities.
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Closing the Revenue Gap for U.S. Diverse-owned Midsize Businesses Presents a $1.3T Opportunity, according to Research from JPMorgan Chase and Next Street
November 28, 2023Conducted and analyzed by Next Street, the research reveals that while midsize businesses generate significant revenue nationally and locally, there is an opportunity to better support them as they face headwinds such as increasing competition, slowing revenue growth and an uncertain economic outlook.
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