BizCap®, a national commercial finance and advisory firm, today announced it has expanded its team with the hiring of Andrew Tinger as vice president of originations. In this role, Mr. Tinger will be responsible for expanding BizCap’s presence in the commercial credit market, with a strategic focus on extending its debt advisory practice to the private equity community.

With the financing from Gateway, the company now has the additional funding they need to be in a better position to outperform its competition and delight its clients, which will propel its growth again next year.

Briar was brought into this transaction by a traditional asset-based lender who, like most, prefer lending on assets like accounts receivable and inventory to that of real estate. Aware of Briar’s unique appetite for real property, this ABL lender understood Briar was the obvious choice to assist this Michigan company.

Iron Horse Credit (“IHC”), a leading inventory lender, is pleased to announce the closing of a $3,500,000 stand-alone inventory revolving line of credit to an online Wellness and Nutritional Supplements retailer. The company has been a pioneer in developing high performance supplements and is actively looking to expand their product offerings. IHC was introduced to the company by its current asset-based lender.

McGuireWoods continues the expansion of its highly ranked securities and capital markets practice with the arrival of partners W. Lake Taylor, Jr. and Lawton B. Way, who join the firm in Richmond, Virginia.

J D Factors announced the following factoring facilities: $100,000 to a transportation company in Alberta; $400,000 to a transportation company in Illinois; $225,000 to a transportation company in Ohio; $100,000 to a transportation company in Manitoba.

The September 8 court-ordered bankruptcy liquidation of StayMobile’s former inventory of computer components is a rare opportunity for student-device repair companies and other buyers with technology needs, announced sale partners Tiger Group and Liquid Asset Partners.

Apollo (NYSE: APO) today announced that Byron Vielehr has been named Partner and Chief Operating Officer (COO) of Apollo Asset Management, Inc. (NYSE: AAM PrA, AAM PrB), effective September 30th, 2022. Vielehr will work with the leadership team to shape and support the firm’s strategic growth plan, scale Apollo’s global operating platform and harness the power of technology across the firm.

Bankruptcy filings in August 2022 across all chapters totaled 35,355, a 10 percent increase from the August 2021 total of 32,276, according to new research released today from Epiq's Bankruptcy Analytics platform. Overall commercial filings increased 6 percent in August 2022, as the 1,861 filings were up over the 1,753 commercial filings registered in August 2021. Individual filings increased 10 percent totaling 33,494 in August 2022 compared to the 30,523 filed in August of 2021.

Nicole Cangelosi was named Senior Vice President, Head of Retail Finance Group Underwriting and Origination, at Bank of America Business Capital, based in New York City. Nicole is responsible for a team of underwriters and analysts dedicated to retail ABL and will oversee the underwriting, structuring and loan documentation for all new retail opportunities.

Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $3.5MM A/R only credit facility to a fifty-year-old materials recycling company based in the Western Region. Proceeds from AFS’ revolver were used to refinance the Company’s existing bank facility and will provide ongoing working capital support.

Flexent is happy to announce that industry veteran Patrick Sweeney has joined the company. Sweeney joins Flexent as a District Sales Manager. As a District Sales Manager for Flexent, Sweeney is responsible for business development and strategic relationships with banks, brokers, and other financial intermediaries in the Florida region.

The Utah Department of Financial Institutions has issued the registration form for factors and asset-based lenders to utilize in order to comply with the Utah Commercial Financing Registration and Disclosure Act, which was enacted in March.

MidFirst Business Credit (MFBC) announced it has provided a $9 million working capital and term facility to Heat Transfer Tubular Products, LLC (HTTP). Headquartered in Conroe, Texas, HTTP is a value-added distributor of niche products for heat exchangers, condensers, boilers, feed-water heaters and economizers. HTTP also provides value-added services, such as cutting, finning, bending and heat-treating.

Lazard Ltd (NYSE: LAZ) announced today that Timothy Donahue has joined the firm as a Managing Director and Vice Chairman of U.S. Investment Banking, effective immediately. Based in New York, Mr. Donahue will help lead Lazard’s growing practice of providing advice pertaining to capital structures and raising private credit. Mr. Donahue will collaborate with the Capital Markets Advisory Group, and Restructuring and Capital Solutions Group, to best serve corporate and financial sponsor clients.

Michigan-based vertical cannabis company NOXX today announced robust plans for operational growth supported by a $15 million debt raise from Altmore Capital, a specialty finance firm that invests in the U.S. cannabis industry. The additional financial backing will be used by NOXX to fund capital expenditure and fuel the company’s plans for future acquisitions and expansion.

Sonoma Capital Corp. announced that Michael Dubowec has been appointed as the new President of the company effective today. With his wealth of knowledge and business acumen, Mr. Dubowec will work with Interim President & CEO, Randy Smyth, to oversee a smooth transition in responsibilities while Randy Smyth remains on as CEO.

Gridiron Capital, LLC (“Gridiron Capital”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, today announced an investment in Magneto & Diesel Holdings, LLC (“M&D” or the “Company”), a leading value-added distributor and remanufacturer of mission-critical aftermarket parts for diesel engines from Warren Equity Partners.

Leading independent lender to UK SMEs and mid corporates, White Oak UK (“White Oak” and “the firm”), has appointed Jean-Marc Torre as the firm’s new Chief Executive Officer in the UK to oversee further growth in lending activity.​ Torre has 30 years of banking experience and has spent the majority of his carrier being the country head and chief executive at various BNP Paribas Bank subsidiaries with a focus on commercial finance and lending.

A September 8 online auction by Tiger Group gives bidders access to the remaining assets of Buckeye Water Services, a former fracking services and waste-hauling company with locations in Ohio and Pennsylvania. The liquidation is noteworthy for its well-maintained, late-model rolling stock. Construction equipment and more than 100 twenty- and thirty-yard roll-off boxes for waste-removal are also available.