Tradecycle Capital, an Indianapolis-based trade finance provider, announced it funded a new $3,000,000 revolving accounts payable funding facility for a well-known sports equipment brand for professional and youth athletes alike.

We are a boutique lessor that works with Angel & Venture Capital backed start-ups to achieve their goals by providing leases for necessary capital equipment.

MidFirst Business Credit (MFBC) announced it has recently provided a $25 million working capital facility to LDC Stone, Inc. (“LDC”). Headquartered in Addison, TX, LDC provides design, manufacturing and installation of kitchen and bath cabinet solutions to builders/contractors of single family and multi-family dwellings.

Phoenix's Q3 2023 "Lending Climate in America" survey asked lenders how they have changed their approach to pursuing new business. With the various changing environments (geopolitical, interest rate, etc.), 50% of lenders said that they have been less aggressive in chasing new opportunities. The other 50% are evenly split between maintaining standards when pursuing new business opportunities and becoming more aggressive in approaching new business.

CIBC Innovation Banking announced today that it has provided an upsize to its growth capital financing facility with Jirav Inc. (Jirav). The company will use the financing to further accelerate product development, broaden its customer base across small and medium-sized businesses (SMBs), mid-market companies, and accounting firms while hiring talent to support its growth.

Briar Capital Real Estate Fund (www.BriarCapital.com) is pleased to announce the closing of a new $10MM Debtor-in-possession (DIP) loan to a chemical manufacturer in Houston, TX. Using the company’s manufacturing plant and excess land as collateral, Briar Capital provided a DIP loan facility to allow the business time to reorganize and position itself for a successful exit in the future.

CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that Scott E. Damiecki, CPA, CCIFP, Partner, is assuming the role of Construction Industry Leader effective February 1, 2024. This is a critical time for the firm’s Construction practice which is currently experiencing substantial growth and a rise in client demand as a result of the nation’s historic investment in infrastructure.

LSQ, a leading provider of working capital and payments management solutions, recently originated a $1.5 million credit facility for a manufacturer of custom glass and insulated glass units. The company needed the liquidity boost to continue its strategic growth.

CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, today announced that Joseph Spinelli has joined the firm as a Managing Director in its Restructuring & Dispute Resolution practice. Spinelli is a globally recognized thought leader and practitioner in the areas of white-collar investigations; the Foreign Corrupt Practices Act (FCPA); anti-bribery and corruption; integrity monitorships; and risk management.

Grant Thornton LLP, one of America’s largest audit, tax and advisory firms, has named Lisa Heacock its new market managing partner for Portland and the Seattle metro area.

TruMark Financial® Credit Union, a leading financial institution in Southeastern Pennsylvania, announces the expansion of their business banking and commercial lending division.

Star Mountain Capital, LLC ("Star Mountain"), a specialized investment manager with over $3.5 billion in assets under management (committed capital including debt facilities as of 9/30/2023) focused on generating defensive and premium returns from the less efficient and labor-intensive market of U.S. private small and medium-sized businesses (the “lower middle-market”), is pleased to announce that Eric Kirsch has joined as Senior Advisor.

Blank Rome LLP is pleased to announce that Stephanie K. Hor-Chen has joined the firm’s Chicago office in the Finance, Restructuring, and Bankruptcy group as a partner. Stephanie focuses her practice on insolvency and restructuring and has extensive transactional and bankruptcy court experience. She joins the firm from Katten Muchin Rosenman LLP.

Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity"), a leading provider of diversified financial solutions to growth-stage companies, today announced the commitment of $25 million in growth capital to Neuros Medical, Inc., a bioelectric technology company focused on alleviating chronic post-amputation pain and restoring quality of life.

The financing includes a $123.5 million initial term facility (“ITF”), a $100 million delayed draw term facility (“Delayed Draw Facility”), and a $23 million letter of credit facility (“L/C”), with the two term facilities qualifying for green loan eligibility. Great Bay is jointly controlled by ARR and certain funds managed by affiliates of Apollo Global Management, Inc. (“Apollo”).

Solifi, a global fintech software partner for secured finance, announced the latest product releases for Solifi Originations ROS and Portfolio Management ILS for equipment finance. The new software releases bring significant new value to equipment finance customers, with enhancements to business management, efficiency and compliance.

Celtic Capital Corporation today announced its most recent new client relationship – a California-based construction logistics and material transportation provider.

Horizon Bank announced today the formation of a new equipment finance division to be led by Joel Mikolich as the division President. The new division will provide business equipment financing solutions to small and medium sized businesses nationwide, while enhancing Horizon’s depth of services to its existing clients providing for continued profitable growth in Horizon’s Commercial platform.

KeyBanc Capital Markets Inc. (“KBCM”), the corporate and investment banking arm of KeyCorp (NYSE:KEY), announced the appointment of Ben Rechkemmer to head of Native American Financial Services (NASF). Rechkemmer is based in Michigan and will report to Mike Jackson, KeyBanc Capital Markets segment leader.

Orion brings deep experience in securitizations and other asset-based financings in the fintech and solar energy spaces, aligning with Orrick’s leading practices serving both of those markets, as well as a foundation in consumer lending.