Republic Bancorp, Inc. (NASDAQ: RBCAA) (“Republic” or the “Company”), the parent company of Republic Bank & Trust Company (“Republic Bank” or the “Bank”), is pleased to announce the Bank has completed its previously announced merger with CBank and CBank’s wholly owned subsidiary, Commercial Industrial Finance, Inc. (“CIF”), for approximately $51 million in cash.

Comerica Bank is bolstering its Small Business Banking segment with the appointment of three regional directors – Sandra Felegy, Brent Harraman and Meghan Storey – to expand its reach in small business communities. Additionally, Comerica will debut several digital solutions throughout 2023 with a focus on payments and access to convenient capital.

Oxford Bank Corporation ("the Company") (OTC Bulletin Board: OXBC), the holding company for Oxford Bank ("the Bank"), today announced the appointment of two executive leaders, Michael ("Mick") Goik, President, Oxford Commercial Finance and Matthew Lowman, Oxford Bank Executive Vice President, and Chief Risk Officer, to the Oxford Bank Board of Directors, effective immediately.

TILT Holdings Inc. announced the extension of its existing revolving credit facility, together with the appointment of a new board member pursuant to its recently completed debt refinancing. Jupiter Research, LLC (“Jupiter”), a subsidiary of TILT, entered into an amendment to its existing US $10 million asset-based revolving credit facility (the “Facility”) to increase the amount available under the Facility from US $10.0 million to US $12.5 million, and extends the maturity date to July 21, 2024.

A former client reached out because they were experiencing cash flow difficulties similar to what previously led them to Franklin Capital. The non-profit staffing firm needed a short-term facility to help cover their payroll and expenses while they waited for a delayed payment from their primary payer. Franklin Capital successfully provided the company with an $800,000 undisclosed factoring facility allowing them to make payroll and cover their expenses.

LSQ, a leading provider of technology-driven working capital financing and payments solutions, announces the hire of Brian Rieber as Vice President of Working Capital Solutions. In his role, Rieber will be focused on helping companies create supply chain finance programs to meet their liquidity needs.

KMG Staffing Inc., dba KMG Healthcare (“KMG”) was recently founded in 2020 in New York by Ken Gelfand who has worked in the staffing industry for two decades. KMG provides trained healthcare talent to hospitals and healthcare facilities. In a short span of time, the company exhibited rapid growth. It soon became evident that a more economical financing solution would be necessary as KMG expected to continue its expansion.

Monroe Capital LLC 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 strategic growth of Vytalize Health (“Vytalize”), alongside private equity sponsor, Enhanced Healthcare Partners.

Abacus Finance Group, LLC – a leading provider of cash flow-based, classic senior debt for sponsor-led buyouts of lower middle-market companies – today announced that it served as Senior Secured Credit Facilities Administrative Agent and Sole Lender for senior secured credit facilities to support the recapitalization of Advertiser Perceptions by Eureka Equity Partners. Additionally, Abacus made an equity co-investment in Advertiser Perceptions.

According to the report published by Allied Market Research, the global asset-based lending market was estimated at $561.5 billion in 2021 and is expected to hit $1,721.38 billion by 2031, registering a CAGR of 12.2% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.

JOANN Inc. (NASDAQ: JOAN) (“JOANN”), the nation’s category leader in sewing and fabrics with one of the largest arts and crafts offerings, announced today that its subsidiary Jo-Ann Stores, LLC entered into a $100 million first-in last-out facility (the “FILO Facility”) that will provide the company additional liquidity, help optimize the balance sheet, and drive free cash flow across the enterprise.

Raketech (STO:RAKE) Raketech, the iGaming performance marketing partner, today announced that the company has extended its revolving credit facility of EUR 15 million with Avida Finans AB up until March 2024.

As more of the professional workforce returns to the office post-pandemic, the demand for comfortable chic clothing for women is on the rise. Rejoining the office environment means ditching yoga pants and sweatshirts, and replenishing closets with pant suits, dresses and blazers. Recognizing this increased consumer interest, Republic Business Credit worked with a distributor of women’s apparel to help restock stores that are re-opening with more clothing options and supplies.

Gibraltar Business Capital (GBC) is pleased to announce the launch of its new equipment financing business, Gibraltar Equipment Finance (GEF). GEF provides term financing solutions complementing GBC’s asset-based lending products and furthers GBC’s strong track record of business lending innovation.

Gridiron Capital portfolio company Erie Home, a leading direct-to-consumer home solutions platform focused on providing residential re-roofing solutions in North America, today announced that it has appointed Jenilee Common as Chief Executive Officer.

Hilco Redevelopment Partners (HRP), the real estate redevelopment unit of Hilco Global that reimagines and transforms complex properties nationwide, announced today that the company has named Andrew Chused as Chief Investment Officer (CIO).

Truist Financial Corporation (NYSE: TFC) today announced that John Gregg will retire, and that Tom Hackett has been named chairman and chief executive officer of Truist Securities, Truist's full-service corporate and investment bank, effective March 31.

In its commitment to support the communities where it operates, Mitsubishi HC Capital Canada has completed its inaugural United Way campaign. Several local organizations will benefit from the company’s donations. These include Anna et la Mer, the Lunchbox Café and Le Cheval Sautoir.

After two years’ of extremely challenging conditions for this business due to the pandemic, Sallyport Commercial Finance is delighted to announce $1,750,000 in finance for an office furniture manufacturer. Manufacturing high quality office furniture from their factory in LA, the client was referred to Sallyport via a contact in the banking industry. The finance comprises $1,500,000 accounts receivable finance and a $250,000 cash flow loan.

Sallyport Commercial Finance, LLC announced it closed a $750,000 accounts receivable funding for a professional services business. The business is the U.S. subsidiary of a UK-headquartered marketing organization.