- J.S. Held Welcomes Asset-backed Securities Pioneer James H. Aronoff
- TSL Express Daily RSS Feed Reader Page
- B. Riley Securities Strengthens Investment Banking Leadership with Senior Hire
- SouthStar Capital Provides $5 Million Accounts Receivable Financing Facility for a Growing Commercial Construction Company
- Seth Friedman of Abacus Finance Group Appointed to SBIA Board of Governors as Northeast Regional Chair
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
Today's Top Story
Featured
SFNet Releases its Latest Market Pulse Report
SFNet is pleased to present the SFNet Market Pulse, a periodic report that informs lenders about emerging economic trends likely to affect secured lending and their borrowers’ industries over the next one to two quarters.
TSL Express Trending Story
Featured
Interview with Rich Gumbrecht, CEO of Secured Finance Network, formerly Commercial Finance Association
RIch Gumbrecht, CEO of the Secured Finance Network, discusses signs of financial stress, recession, tariffs and sources of capital.
TSL Express Daily Headlines & News
-
ServisFirst Bank Announces Expansion to Western North Carolina
July 18, 2022ServisFirst Bank, a subsidiary of ServisFirst Bancshares (NYSE:SFBS), announces the expansion into Western North Carolina with the opening of ServisFirst Bank Western North Carolina, headquartered in Asheville. Led by two Asheville-natives, Bryan Boone joins ServisFirst Bank as Regional President of this new market, and Tammy Baldwin will serve Asheville as Business Services Officer.
-
Clearlake Capital Group Announces Senior Promotions and New Additions
July 18, 2022Clearlake Capital Group, L.P. ("Clearlake"), an investment firm founded in 2006 operating integrated businesses across private equity, credit and other related strategies, today announced several senior executive promotions and new additions to the Clearlake team.
-
Great Rock Capital Names Chief Commercial Officer
July 18, 2022Great Rock Capital is pleased to announce the promotion of Jim Clifton to Chief Commercial Officer. Jim will be based in Chicago and is responsible for expanding the firm’s origination efforts and strategic relationships across North America.
-
Crossroads Financial Provides a $5.8 Million Inventory Revolving Line of Credit
July 18, 2022Crossroads Financial provided a $5,800,000 inventory revolving line of credit to a producer and distributor of wine in California. Crossroads Financial's client has won 100+ medals, received 90+ point ratings for their portfolio of wines, and named one of the top 1000 fastest growing private businesses in America by Inc. Magazine.
-
Airbase Secures $150M Credit Facility from Goldman Sachs
July 18, 2022Airbase, the fast-growing and top-ranked spend management platform for mid-market and enterprise companies, has today announced $150M in debt financing led by Goldman Sachs. This latest funding, which closed this month, will allow Airbase to expand its innovative charge card program to its increasing base of customers. Demand for Airbase corporate cards — part of its award-winning spend management platform — has been surging as more companies seek visibility and control over employee spending.
-
CPS Announces Renewal and Doubling of Credit Facility
July 18, 2022Consumer Portfolio Services, Inc. (Nasdaq: CPSS) (“CPS” or the “Company”) today announced that it renewed its two-year revolving credit agreement with Citibank, N.A., and doubled the capacity from $100 million to $200 million.
-
Gibraltar Provides $10MM ABL to Multi-Brand Beauty Products Company
July 18, 2022Scent Beauty hired Brooks, Houghton & Company, a NYC-based merchant banking firm, to identify a financing partner to assist the company with its strong sales growth trajectory. As the financing search process evolved, it became clear that Gibraltar’s expert team would best serve the company now and in the future. Direct access to Gibraltar’s senior credit decision makers, who took the time to understand Scent Beauty’s business plan, was a primary driver of this decision.
-
Stonebriar Commercial Finance Funds $30 Million Lease to Support Growth of Existing Customer
July 18, 2022Stonebriar Commercial Finance (“Stonebriar”) today announced the closing of an additional $30 million lease with one of its long-standing customers, the third transaction provided for this customer since 2016. The lease proceeds were used to acquire new equipment to expand production capabilities.
-
IDB Bank Appoints Kenneth Savio as New CEO of IDB Capital
July 18, 2022IDB Bank, a New York-based private and commercial bank, announced Ken Savio as President & Chief Executive Officer (CEO) of IDB Capital, IDB Bank's broker-dealer subsidiary. As CEO, Savio will oversee the growth of IDB Capital as the Bank expands its wealth management business. He will also serve as a member of the IDB Senior Management Team and will report to Ziv Biron, IDB Bank's President & CEO.
-
TD Bank Appoints New Vermont Commercial Market President, Don Baker
July 18, 2022TD Bank, America’s Most Convenient Bank®, today announced that Don Baker has joined TD as the Vermont Commercial Market President. Baker succeeds Phil Daniels, who will be retiring later this year after 40 years with TD.
-
Phoenix IB® Assists Polymeric Resources Corporation in Completing a Successful Refinancing through Citizens
July 18, 2022Phoenix IB, a leading middle market situations investment bank, acted as the exclusive financial advisor and investment banker to Polymeric Resources Corporation in arranging, structuring, and negotiating a refinancing of $30 million through Citizens. The new refinancing consists of a Revolving Line of Credit, a Capital Expenditure Line of Credit, and a Delayed Draw Term Loan. The proceeds from the new refinancing will be utilized to refinance existing debt and facilitate future growth.
-
Citizens Financial Group to Expand Wealth Management Business with Acquisition of Paladin Advisors
July 18, 2022Citizens Financial Group, Inc. (NYSE: CFG) today announced a definitive agreement to purchase select assets and liabilities of Paladin Advisors, an independent, registered investment advisor headquartered in Kensington, New Hampshire. This acquisition strengthens Citizens’ presence in an important geography, while bringing additional investment capabilities to the Clarfeld | Citizens Private Wealth team.
-
Cadence Business Finance Commits $11.25M to Business Interiors, Inc.
July 18, 2022Cadence Business Finance, a division of Cadence Bank (NYSE:CADE), has committed $11.25 million as part of a credit facility for Business Interiors, Inc., a full-service contract furniture dealer and interior design consultant.
-
Associated Bank Appoints Twin Cities Market President, Paul Schmidt
July 18, 2022Associated Banc-Corp (NYSE: ASB) today announced the appointment of Paul Schmidt to the role of Twin Cities market president. The company also announced plans for the expansion of its market commitment and accelerated growth through its new Engage Local initiative.
-
Gridiron Capital Completes Investment in Vistage Worldwide, Inc.
July 18, 2022Truist Securities served as financial advisor and Finn, Dixon & Herling LLP served as legal counsel to Gridiron. Macquarie Capital served as financial advisor to Vistage; Ropes & Gray along with Stradling Yocca Carlson & Rauth served as legal counsel. Financial terms of the transaction were not disclosed.
-
CIBC Innovation Banking Provides £40 Million Growth Financing to Fintech Company Smart to Accelerate Growth and Acquisitions
July 18, 2022CIBC Innovation Banking is pleased to announce £40 million of growth financing for London-based Smart, a leading retirement technology provider. Smart will use the capital to expand its market growth, accelerate the launch of strategic products, and undertake acquisitions.
-
Audax Private Debt Provides Financing to Support Bessemer Investors’ Investment in RotoCo
July 14, 2022Audax Private Debt announced that, as Administrative Agent & Joint Lead Arranger, it provided a unitranche credit facility to support the acquisition of RotoCo (the “Company”), a franchisee of Roto-Rooter, by Bessemer Investors, a New York-based private equity firm.
-
Irontrax Adds Rick Wilichowski to Appraisal Staff
July 14, 2022Irontrax is proud to welcome Rick Wilichowski to the team. Rick brings a wealth of knowledge from his 30+ years in the appraisal business. Rick has been with Gordon Brothers/AccuVal Associates for most of his career where he most recently held positions of practice group leader for personal property valuations and business development in the Midwest.
-
BHI C&I Group Provides $18.35 Million Financing for Allstate Sales Group
July 14, 2022BHI, a full-service commercial bank, announced that its Consumer & Industrial Group has provided $18.35 million in financing for Allstate Sales Group (ASG), a provider of telecom and electric infrastructure engineering, design and construction services. The financing consists of a senior secured revolving credit facility, a term loan facility, mortgage financing for three properties and a purchase card line.
-
Winston & Strawn Represents Koppers, Inc.
July 14, 2022Winston & Strawn represented Koppers, Inc., as borrower, in connection with a $800 million revolving credit facility agented by PNC Bank, National Association. Koppers Inc., a subsidiary of the public company Koppers Holdings Inc, produces carbon compounds and treated wood products for a variety of industries.
The Secured Lender
SFNet's The 81st Annual Convention Issue
© 2025 Secured Finance Network

.jpg?sfvrsn=f1093d2a_0)
