- 1st Commercial Credit Expands International Factoring Program to Help U.S. Exporters Grow Sales Worldwide
- SouthStar Capital Funds $250,000 Accounts Receivable Facility for Growing Telecommunications Company
- Kent Outdoors Announces New $90 Million Credit Facility to Support Domestic Operations
- Sallyport Commercial Finance Provides a $1 Million Factoring Facility for a Growing Canadian Manufacturer
- Spirit Airlines Gets $100 Million Lifeline Amid Restructuring
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
Today's Top Story
Featured
Bell Bank announces the launch of Bell Business Credit, a national specialty lending team providing asset-based lending and factoring services ideally suited for working capital intensive companies that generate $2 million to $120 million in annual revenue.
Led by industry veterans Kei Lehigh, who serves as president, and Matt Howe, director of credit and operations, Bell Business Credit further expands Bell Bank’s commercial finance and specialty lending areas. Lehigh and Howe bring to Bell more than 50 years of combined commercial lending experience in this niche.
TSL Express Trending Story
Featured
SFNet values its members’ input and feedback as it helps shape priorities and drills down to focus on what matters most. Results from SFNet’s Annual Membership Survey, completed earlier this year, were very positive, with 90% of SFNet members reporting they’d recommend SFNet to friends and colleagues and two thirds reporting SFNet’s response to the pandemic has been better than any other association to which they belong.
In fact, our association has seen our Net Promoter Score (a key measure of loyalty) steadily increase over the past three years, up 37 points since 2018 and well above trade association averages. Results also gave us ideas for areas of improvement, and SFNet is taking on several new initiatives in response to this. This article will break down the membership survey results and what the Association has planned for the remainder of 2021.
TSL Express Daily Headlines & News
-
Zedcor Inc. Announces Expansion of Credit Facility to Fund North American Growth Plans
June 7, 2023Zedcor Inc. (TSXV: ZDC) (the "Company" or "Zedcor") is pleased to announce that it has entered into an amended and restated Commitment Letter (the "Amended Commitment Letter") with its primary lender which increases its revolving evergreen equipment financing facility from $6.0 million to $15.0 million. This is an expansion of $9.0 million and, unless market conditions justify an increase to the Company's capital plans for 2023, provides the Company with sufficient access to capital to complete its 2023 capital asset program.
-
KeyBank Provides $30 Million of Financing for the Cleveland Foundation Midtown
June 6, 2023KeyBank Institutional Advisors and KeyBank Community Development Lending and Investment (CDLI) provided $30 million of financing to the Cleveland Foundation (TCF) for the construction of the 95,000-square-foot Midtown Collaboration Center (Center) located in Cleveland's MidTown and historic Hough neighborhoods. The Center will be adjacent to TCF headquarters and aims to be both regionally significant and locally transformative.
-
The Children’s Place Announces the Expansion of Its Revolving Credit Facility From $350 Million to $445 Million
June 6, 2023The Children’s Place, Inc. (Nasdaq: PLCE), the largest pure-play children’s specialty apparel retailer in North America, today announced the expansion of its revolving credit facility from $350 million to $445 million. The fifth amendment to the Company’s credit agreement also replaces LIBOR as the interest rate benchmark with the SOFR interest rate benchmark, and updates the interest rates to reflect current market terms.
-
Consumer Financial Protection Bureau Issues Small Entity Compliance Guide for Dodd-Frank 1071
June 6, 2023On May 12, the Consumer Financial Protection Bureau issued a Small Entity Compliance Guide as a resource for financial institutions who will need to implement the requirements of the recently completed rule on small business data collection and reporting.
-
Access Capital, Inc., Announces Brian Richardson as Senior Vice President, Business Development Officer
June 6, 2023Access Capital, Inc., the nation’s leading independent lender to the staffing industry, recently added Brian Richardson to its Business Development team as Senior Vice President, reporting to Raphael Torres, Head of Business Development. Brian will focus on the Mid-Atlantic and Southeastern states expanding Access’s geographic presence.
-
Chris Saldana Joins CIBC's US Asset Based Lending Team
June 6, 2023CIBC recently welcomed Christopher “Chris” Saldana, managing director and business development officer, to its ABL team in the Southeast Region. Prior to joining CIBC as a underwriter in 2022, he served as regional executive leading Southwest originations at First Business Capital Corp.
-
Rising Stars of Republic Business Credit Lead SFNet Professional Association Chapters
June 6, 2023Eric Dorner, vice president of business development, Chicago, and William Kemp, senior vice president of business development, Houston, both hold the roles of chapter president in their respective cities for SFNet, the premier national association for all organizations and professionals working in secured finance. The network includes nearly 300 member companies and a 20,000-person active community with 22 chapters throughout the United States.
-
Sallyport Commercial Finance Provides $250,000 in Financing for Ontario Tech Company
June 6, 2023A quick turnaround was in order for this growing Canadian B2B tech company who we’ve just equipped with $250,000 in accounts receivable finance. The client was referred to Sallyport through a broker and needed an influx of working capital to support their payroll obligations while they focus on growing their client base.
-
SG Credit Partners Announces a Senior Debt Investment in Emporos
June 6, 2023SG Credit Partners, through its SG Software + Technology division, is thrilled to announce its partnership with Emporos via a $15 million credit facility. Emporos is a Pharmacy Commerce System, including a cloud-based Point of Sale (POS), that enables pharmacy access to patients in store, at bedside, at home, and online.
-
Telescope Retailer’s Entire Operations Available in Tiger Group Sale
June 6, 2023One of the world’s largest Internet retailers of high-performance telescopes is available for purchase as a going concern prior to the June 13 auction sale of the company’s inventory, Tiger Group announced.
-
SPECTRUM Rebrands Along with Headquarters Relocation
June 6, 2023The new name simplifies and more fully describes SPECTRUM’s role as an alternative lender to companies unable to obtain working capital and fixed asset financing from traditional sources. As a result of portfolio growth and increased staff levels over recent years, SPECTRUM moved to new office space that allows for the company’s continued growth on a national level and more efficient day-to-day work flow.
-
First Citizens Bank Provides Credit Facility to Signature Brands
June 6, 2023Headquartered in Ocala, Florida, Signature Brands is a leading provider of dessert decoration and seasonal celebration products under beloved household brands such as Betty Crocker, Cake Mate, Brand Castle, PAAS, Pumpkin Masters, and GiftPop. Proceeds from the financing will be used to refinance an existing facility and provide working capital for operations and growth opportunities.
-
Five Star Bancorp Expands into San Francisco Bay Area with Addition of Commercial Banking Team
June 6, 2023Five Star Bancorp (Nasdaq: FSBC) and its wholly owned subsidiary, Five Star Bank (“Five Star” or the “Company”), the top-performing community bank in the nation with assets between $3 billion and $10 billion according to S&P Global Market Intelligence, announced expansion into San Francisco, California, to seize market opportunities.
-
William Blair Adds Two Senior Hires to Growing Private Capital Advisory Team
June 6, 2023Based in Charlotte and focused on fund placement in the Mid-Atlantic, Southeast, and South regions, Matthew Flynn joins as managing director and Hudson Collins joins as director in New York.
-
B. Riley Expands Aerospace and Defense Investment Banking with Senior Managing Director, John Stack
June 6, 2023B. Riley Securities, a leading middle market investment bank and subsidiary of B. Riley Financial (Nasdaq: RILY), today announced aerospace and defense (A&D) industry veteran, John Stack, has joined as Senior Managing Director, Aerospace & Defense Investment Banking. He joins B. Riley from Canaccord Genuity where he led the firm’s US A&D Investment Banking team.
-
Stapleton Group and Sorokin & Associates Announce Strategic Partnership
June 5, 2023Stapleton Group and Sorokin & Associates have entered a strategic partnership to deliver operationally focused Financial Advisory Services to companies in the U.S., Mexico, and Asia. The partnership combines Stapleton’s deep expertise in financial restructuring with Sorokin’s operational restructuring and optimization skills to resolve performance challenges faced by rapidly growing and distressed businesses.
-
Tracey Rogers Joins Mitsubishi HC Capital America as Director of Capital Markets
June 5, 2023Mitsubishi 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 Tracey Rogers has recently joined the company as Director of Capital Markets.
-
Austin Financial Services Closes $10M ABL Facility to a Full-service Beverage Co-packer
June 5, 2023Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $10MM ABL facility, which included an AR and Inventory revolver to a large contract beverage manufacturer with a state-of-the-art production and packing facility. Proceeds from AFS’ credit facility were used to purchase inventory for new orders and to support near and long-term growth.
-
BHI Provides $20 Million Financing to Lendbuzz, A Leading AI-Based Fintech Company
June 5, 2023BHI, a full-service commercial bank, announced that it has granted a $20 million credit facility to Lendbuzz for working capital and general corporate purposes. This transaction exemplifies BHI’s commitment to the Tech industry and will support Lendbuzz’s further growth.
-
Hilco Corporate Finance Expands Its Investment Banking Practice with the Addition of Scott Hadfield as Senior Managing Director and National Practice Leader for Capital Advisory
June 5, 2023Hilco Corporate Finance (HCF), Hilco Global’s investment banking advisory firm, has named Scott Hadfield Senior Managing Director and National Practice Leader for Capital Advisory. He will be based in HCF’s New York office.
The Secured Lender
SFNet's The 81st Annual Convention Issue

.jpg?sfvrsn=f1093d2a_0)