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TSL Express Daily Articles & News
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Encina Lender Finance Provides $50MM Credit Facility for Mountain Ridge Capital
Ed Chang, CEO of ELF, said, “We are proud to support Mountain Ridge Capital and its senior management team comprised of long-standing industry veterans, who have a demonstrated and impressive track record in asset-based lending. We look forward to working closely with Craig Winslow and his team as they continue to grow their business.”
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In August, eCapital, a leading capital solutions provider for small and medium-sized businesses in North America and the UK, announced the launch of a new commercial credit card program with Visa, the world leader in digital payments. The eCapital connect platform is a hub where clients can access their money from their factoring account and line of credit utilizing a Visa Commercial Credit Card or by transferring funds to their external bank instantly 24 hours a via Visa Direct.
TSL Express sat down with eCapital’s Charles Sheppard, chief operating officer, to discuss more on what he describes as a revolutionary partnership that allows customers more money, with faster access and less hassle, to be more control in how money is received and when it’s spent.
TSL Express Daily Headlines & News
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Gibraltar Backs Revolution Foods with $20MM
October 17, 2023Gibraltar Business Capital (GBC) is pleased to announce the closing of a $20MM senior secured credit facility in support of Revolution Foods. The facility will provide additional liquidity for the continued development of the company’s vision.
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First Citizens Bank Coordinates $672 Million in Financings for Plus Power on Three Battery Storage Projects
October 17, 2023First Citizens Bank today announced that its Energy Finance business has served as coordinating lead arranger on three battery storage project financings for Plus Power, collectively representing $672 million in financing and 700 megawatts (MW) of energy storage capacity.
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Maxim Commercial Capital Doubled Fundings in Q3 2023
October 17, 2023Maxim Commercial Capital (“Maxim”) announced robust demand across its diverse financing programs for the third quarter of 2023. The hard asset secured lender reported a 100% year-over-year increase in truck financings for the period. Furthermore, it experienced a surge in demand for second-lien mortgages to refinance Merchant Cash Advance (MCA) loans and to support working capital.
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Over 150 Like-New Trucks and Refrigerated Trailers to be Offered at Auction by HyperAMS and Jeff Martin Auctioneers
October 17, 2023HyperAMS, LLC, in partnership with Jeff Martin Auctioneers, Inc., announced the court-ordered live and webcast auction of Twin Express, Inc., a Minnesota-based trucking business, on behalf of the company’s appointed receiver.
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First Citizens Bank Serves as Lead Arranger on Acquisition Financing for Encore Luxury Coaches
October 17, 2023First Citizens Bank today announced that its Middle Market Banking business served as lead arranger on acquisition financing for Nashville-based Encore Luxury Coaches, a leading provider of luxury entertainment travel.
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Hamilton Lane Closes on National and New York-Focused Small Business Credit Funds, Totaling $290M of Capital
October 17, 2023Leading private markets investment management firm Hamilton Lane (Nasdaq: HLNE) today announced the final closing of Hamilton Lane National Small Business Credit Fund, L.P. and Hamilton Lane New York SBIC Fund II, L.P. (or "the Funds"). Together, the Funds total $290 million in size,* with commitments from leading institutional investors across the United States.
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Graham Corporation Refinances Debt with New, Lower Cost $50 Million Revolving Credit Facility
October 17, 2023Graham Corporation (NYSE: GHM) (“GHM” or the “Company”), a global leader in the design and manufacture of mission critical fluid, power, heat transfer and vacuum technologies for the defense, space, energy, and process industries, today announced that it has successfully closed on a new, five-year $50 million senior secured revolving credit facility with Wells Fargo Bank N.A. of which $35 million is immediately available.
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Schulte Roth & Zabel Strengthens M&A and Securities Group With Addition of Damian Petrovic
October 17, 2023Schulte Roth & Zabel is proud to announce the addition of Damian Petrovic as a partner in the M&A and Securities Group in New York.
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Mercatus Finance Announces Launch of Cash Flow Lending Business with Backing from Arena Investors
October 16, 2023Mercatus Finance ("Mercatus"), a cash flow lending specialty finance company, announced its official launch. Strategically backed with equity from Arena Investors, LP ("Arena"), Mercatus fills an important void for smaller companies seeking cash flow based loans from $20 million to $75 million. Mercatus also has the flexibility, primarily in conjunction with first lien loans, to consider smaller second lien and subordinated debt and equity investments.
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Crescent European Specialty Lending Announces Financing for the Acquisition of Assisi Pet Care by Wind Point Partners
October 16, 2023Crescent Capital Group LP, a leading alternative credit investment firm, announced today that its European Specialty Lending strategy has provided financing to support the acquisition of Assisi Pet Care, one of the leading manufacturers of natural cat and dog foods and treats in Europe, by Wind Point Partners, the Chicago-based private equity investment firm.
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Wintrust Receivables Finance Announces the Closing of a New $3 Million Line of Credit for a Roll-up of Multiple Third-Party Logistics Companies
October 16, 2023Wintrust Receivables Finance (WRF) is happy to announce the closing of a new $3 million account receivable line of credit for a southeast-based transportation broker (Company). This new client is the result of a roll-up of three smaller third-party logistics firms.
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Hilco Redevelopment Partners Breaks Ground on Vertical Construction at The Bellwether District
October 16, 2023Hilco Redevelopment Partners (HRP), broke ground today on the first phase of vertical construction on The Bellwether District’s 1,300-acre South Philadelphia site.
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Republic Business Credit Provides E-Commerce Asset Based Line of Credit to Fancy Sprinkles
October 16, 2023Republic provided an E-Commerce asset-based line of credit that helped the company prepare for its national rollout with one of its largest retailers, while supporting its overall online growth strategy.
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Gateway Trade Funding Completes 13 Stretch Finance Transactions Totaling More Than $3,000,000
October 16, 2023Gateway Stretch Finance is increasingly making its mark by recently assisting 13 more companies with working capital, inventory, supplier deposits before shipping and work in process transactions.
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Gateway Trade Funding Completes 13 Stretch Finance Transactions Totaling More Than $3,000,000
October 16, 2023Gateway Stretch Finance is increasingly making its mark by recently assisting 13 more companies with working capital, inventory, supplier deposits before shipping and work in process transactions.
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Gateway Trade Funding Completes 13 Stretch Finance Transactions Totaling More Than $3,000,000
October 16, 2023
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Gateway Trade Funding Completes 13 Stretch Finance Transactions Totaling More Than $3,000,000
October 16, 2023Gateway Stretch Finance is increasingly making its mark by recently assisting 13 more companies with working capital, inventory, supplier deposits before shipping and work in process transactions.
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Gateway Trade Funding Completes 13 Stretch Finance Transactions Totaling More Than $3,000,000
October 16, 2023Gateway Stretch Finance is increasingly making its mark by recently assisting 13 more companies with working capital, inventory, supplier deposits before shipping and work in process transactions.
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Gateway Trade Funding Completes 13 Stretch Finance Transactions Totaling More Than $3,000,000
October 16, 2023Gateway Stretch Finance is increasingly making its mark by recently assisting 13 more companies with working capital, inventory, supplier deposits before shipping and work in process transactions.
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Gateway Trade Funding Completes 13 Stretch Finance Transactions Totaling More Than $3,000,000
October 16, 2023Gateway Stretch Finance is increasingly making its mark by recently assisting 13 more companies with working capital, inventory, supplier deposits before shipping and work in process transactions.
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