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  • BizCap® Secures $45 Million Credit Facility for Nivagen Pharamaceuticals
    September 26, 2022
    BizCap®, a national commercial finance and advisory firm, today announced it has successfully structured and secured $45 million in financing for its repeat client, Nivagen Pharmaceuticals, a specialty pharmaceuticals company engaged in the development, acquisition and sales of generic prescription drugs and over the counter products for the North American market.
  • Pinnacle Capital Finance Provides a $7.5 Million Line of Credit to a California Winery
    September 26, 2022
    Pinnacle Capital Finance is proud to announce the issuance of a $7.5MM asset-based line of credit to a Central California-based winery. The company offers a wide spectrum of different reds, whites and rose wines. This award-winning winery has many gold medal wines and boasts several 95-point wines as judged by the Wine Enthusiast. Their popular old Zinfandel wine along with their other varietals can be found in grocery stores across the United States as well as in 15 countries.
  • Capital Power and Manulife Investment Management Complete Acquisition of Midland Cogeneration facility
    September 26, 2022
    Capital Power Corporation (TSX: CPX) (“Capital Power”) and Manulife Investment Management, on behalf of the Manulife Infrastructure Fund II and its affiliates, announced today that they have successfully completed the acquisition of a 100% interest in MCV Holding Company, which owns Midland Cogeneration Venture (“Midland Cogen”), a 1,633-megawatt natural gas combined-cycle cogeneration facility.
  • Winston & Strawn Represents Capital Power Corporation, John Hancock Life Insurance Company (U.S.A.), and Manulife Infrastructure Fund II
    September 26, 2022
    Winston & Strawn represented Capital Power Corporation, John Hancock Life Insurance Company (U.S.A.), and Manulife Infrastructure Fund II in connection with their acquisition of MCV Holding Company LLC which owns Midland Cogeneration Venture, a 1,633 MW gas fired combined cycle cogeneration facility located in Michigan, from OMERS Infrastructure Management Inc. and its co-investors for $894 million, including the assumption of $521 million of project level debt.
  • Eric Faust Named Senior Vice President and Chief Risk Officer of Farmers & Merchants State Bank
    September 26, 2022
    Farmers & Merchants State Bank (“F&M” or “the Company”) (NASDAQ: FMAO) announced the appointment of Eric Faust as the Senior Vice President and Chief Risk Officer (CRO). F&M also announced Benét Rupp, Chief Administrative Officer, has been promoted to Executive Vice President.
  • Amerisource Closes $2,000,000 Term Facility for Craft Brewery
    September 26, 2022
    Amerisource Business Capital announced the closing and funding of a $2,000,000 equipment term loan facility for a California-based craft beer brewery and distributor.
  • Rook Raises $4.1 Million in Equity Along With Access to a Credit Facility, Affirming the Role of the Sharing Economy in Home Purchase Financing and Affordability
    September 26, 2022
    PropTech innovator Rook announced a $4.1 million capital raise and access to a warehouse credit facility as it looks to grow its "Shared Value Investment" program, helping prospective homebuyers purchase the right home in return for a portion of the equity upside. In an environment of high house prices and rising interest rates, Rook offers homebuyers the ability to get into the right house, while sharing risk and reward with community-focused investors.
  • nFusion Capital Provides $5 Million ABL Facility to Commercial Flooring Company
    September 26, 2022
    The client is the largest and most trusted commercial flooring company in Arizona, based in Phoenix and founded in 1984. A successful and growing business, they have earned a reputation for high-quality work and always doing the right thing for their customers. They partner with contractors, architects, designers, and facility managers to deliver custom solutions along with expert strategic planning, objective consultation, and experienced installation services.
  • Yieldstreet Appoints New Chief Product Officer
    September 26, 2022
    Yieldstreet, a leading private market alternative investment platform, today announced the appointment of 20-year financial services and technology industry veteran Rick Winslow as Chief Product Officer. This strategic expansion of Yieldstreet’s leadership team will help further scale the platform and make alternative investments more accessible to investors looking to grow their wealth outside of the stock market.
  • Oak Valley Community Bank Announces Commercial Banking Officer Hiring
    September 26, 2022
    Oak Valley Community Bank, a wholly-owned subsidiary of Oak Valley Bancorp (NASDAQ: OVLY), announced that Damon K. Munoz has joined the bank as Vice President, Commercial Banking Officer. He is currently based out of Roseville. Munoz joins the Oak Valley team with over 20 years of commercial banking and finance experience. As a Commercial Banking Officer, he will be responsible for commercial lending and business development in the Capital region.
  • Itafos Announces Debt Refinancing Extending Maturity and Reducing Cost of Debt
    September 26, 2022
    Itafos Inc. (TSXV: IFOS) (“Itafos” or the “Company”) announced today that it has entered into credit facilities (the “Credit Facilities”) with a syndicate of lenders led by RBC Capital Markets, as sole bookrunner and sole lead arranger, pursuant to which the lenders have advanced an US$85 million term loan (the “Term Loan”) to the Company and made available a US$35 million letter of credit facility (the “LC Facility”) and an US$80 million asset-based revolving credit facility (the “ABL Facility”).
  • Gordon Brothers Partners with Zaralo to Expand Nicole Miller
    September 26, 2022
    Gordon Brothers, the global advisory, restructuring and investment firm and majority owner of Nicole Miller, has partnered with Zaralo LLC to expand the global, eponymous fashion and lifestyle brand.
  • Lenders Funding Announces Retirement of Chief Operating Officer and Chief Credit Officer, Harvey Friedman And Appointment of John Benkovich
    September 22, 2022
    Lenders Funding, LLC, a Great Elm Capital Corp. specialty finance company, (“we,” “us,” “our,” the “Company” or “LF”) announced today that Chief Operating Officer and Chief Credit Officer, Harvey Friedman, will be retiring after leading its credit operations and overall administration for 18 years. In retirement, Mr. Friedman will assume the role of Vice Chairman Emeritus. Mr. Friedman has served the factoring and asset-based lending industry for over 45 years. Prior to joining LF, Mr. Friedman was the Executive Vice President and Chief Credit Officer at Gibraltar Corporation of America (“GCA”), a wholly owned subsidiary of United Jersey Bank where, for 32 years he managed a $900 million secured loan portfolio.
  • Huntington Bank Celebrates Opening of Commercial Bank Headquarters in New Huntington Tower in Downtown Detroit
    September 22, 2022
    Today, Huntington National Bank celebrates the grand opening of Detroit's Huntington Tower, located at 2025 Woodward Avenue. The new tower is located in the heart of The District Detroit, a world-class, mixed-use sports and entertainment district emerging in the city. The Detroit Huntington Tower is the headquarters for Huntington's Commercial Bank and is the newest office building development in the area in more than 30 years.
  • Wheels Donlen Launches New Equipment Finance Platform Capteris Capital
    September 22, 2022
    Wheels Donlen, a premier fleet financing company backed by Apollo (NYSE:APO), announced the launch of a new equipment finance business that will be focused on providing dynamic funding solutions to the mid-market, large corporate, and financial sponsor segments.
  • Loop Capital Markets Selects Matrix Applications for Technology Solutions and Outsourcing Services
    September 22, 2022
    Matrix Applications, LLC ("Matrix") is pleased to announce that Loop Capital Markets, LLC ("Loop Capital") has selected Matrix as a key strategic partner and provider for a variety of technology and outsourcing services. Loop Capital is leveraging this partnership to support the growth of its U.S broker dealer business.
  • Nexus Renewables Closes on $5 Million USD Development Financing Facility with Scale
    September 22, 2022
    Nexus Renewables Inc. ("Nexus"), a North American renewable developer having more than 1 GW of solar and energy storage projects under development, has closed a $5 million USD asset-backed credit facility with Scale Microgrid Solutions ("Scale"), a Warburg Pincus portfolio company.
  • J D Factors Announces Factoring Facilities
    September 22, 2022
    J D Factors announced it provided the following factoring facilities: $500,000 to a transportation company in Georgia; $200,000 to a transportation company in Ohio; $100,000 to a transportation company in Alberta; $200,000 to a transportation company in Massachusetts.
  • Online Auction Features Live Event and Entertainment Production Rental Gear from North American Leader PRG
    September 22, 2022
    An October 4 online auction by Tiger Group is an opportunity to acquire professional audio-visual gear from the existing rental inventories of PRG locations in California and Florida. All told, the sale includes more than 700 lots of digital and film cameras, lenses, projectors, screens and monitors by brands such as Arri, Barco, Canon, Cooke, Christie, Fuji, Red, Sony and Zeiss, to name a few.
  • GBC's Partnership with Innovation Refunds Helps Customers Collect Money from the Government
    September 22, 2022
    Georgia Banking Company ("GBC") has teamed up with Innovation Refunds ("IR"), an industry leader specializing in the federal Employee Retention Credit (ERC) and payroll tax refunds, to help businesses claim up to $26,000 per employee kept on payroll during COVID-19.
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