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.

TAB Bank is pleased to announce it has provided a wood products distribution company in Arkansas with a $5 million asset-based credit facility. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs. The company is a custom millwork and wood products distribution company, specializing in hardwoods, hinges, slides, adhesives, and warehousing, primarily targeting the custom cabinet manufacturing industry.

A $500,000 full notification factoring facility has just been finalized for a growing wholesaler of seafood products based on the East Coast of Canada. The client was referred directly to Sallyport by another factor who held a long-standing relationship with the customer over the past decade but was soon to retire. Now that the client has the additional working capital they need, they’re free to concentrate on expanding the business from the East Coast where the majority of their business is done, into new regions across Canada and also into the US.

SLR Equipment Finance is pleased to announce John Gougeon has joined our company as a Director of Asset Management. In his position, John will play a key role as we seek to improve the Asset Management Function of the company. John was last with Bank of America Global Leasing and brings years of equipment finance experience. “I am excited to be a part of the expansion of SLR EQF’s Asset Management team.” John said. “SLR EQF has established itself as a leader in providing unique and creative financing solutions to its partner clients. “I look forward to increasing SLR’s asset management presence in the market place”.

Leading Helicopter and Parts Manufacturer Receives ABL Financing for Growth BizCap®, a national commercial finance and advisory firm, today announced it has successfully secured a $20 million credit facility for its client, Schweizer RSG, a leading manufacturer of helicopters and aviation industry parts supplier. The new ABL credit facility will be used to finance production, enabling Schweizer to meet the increased demand for its helicopters, repair services and spare parts.

TradeCap Partners, LLC (“TradeCap”) recently announced it had closed and funded a $1.5 million Purchase Order finance facility for a distributor of recreational sports products based out of the Southeastern United States. The facility will be used to secure cash payment to various manufacturers located in the US as well as Canada.

This loan marks the second recent investment by CSB in mixed-income housing in the Boston area, providing critically needed affordable housing units. Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and more than $5 billion in assets, today announced it has provided construction loans totaling $84.5 million to Strategic Land Ventures (SLV), a vertically integrated real estate investment management and development firm. With an office in Needham, Mass., SLV specializes in identifying, permitting, capitalizing, and constructing multi-family residential properties with a focus in eastern Massachusetts.

CIT, a division of First Citizens Bank, today announced that its Healthcare Finance business increased its existing credit facilities for FOX Rehabilitation by $50 million for a total financing of $172.3 million. The original financing was developed in connection with FOX's acquisition by Blue Wolf Capital Partners in February 2019. Since then, FOX, a leading provider of in-home physical, occupational and speech therapy services to older adult patients throughout the U.S., has generated significant organic growth via increased clinician count and patient volume and has expanded into eight additional states.

ABL software release delivers enhanced features aimed at fulfilling customer and lender needs, controlling risk, and streamlining processes Solifi™, a global fintech software partner for secured finance, announced the release of its latest version of Solifi Asset-Based Lending (ABL) software, which includes several new and enhanced features designed to provide a richer experience for customers and lenders, mitigate risk, and streamline processes. As more ABL finance lenders move their business operations to the cloud and adopt a software-as-a-service (SaaS)-first strategy, Solifi’s ongoing product development delivers innovation at a rapid pace through its open finance platform.

LED maker’s leadership looks ahead 60 days to a company reemerging with “a strengthened balance sheet” to advance its innovations. Just over one year ago, former LEDs Magazine chief editor Maury Wright spoke with Lumileds CEO Matt Roney about the LED manufacturer’s growth trajectory under challenging supply-chain conditions and application segments for the company’s future expansion. Today, the San Jose, Calif.-based lighting solutions company announced that it has entered into a restructuring support agreement (RSA) with its majority lenders in order to implement a prepackaged Chapter 11 plan.

Allied Motion Technologies Inc. (Nasdaq: AMOT) (“Allied Motion” or the “Company”), a designer and manufacturer of precision and specialty controlled motion products and solutions for the global market, announced today that effective August 23, 2022, the Company completed an amendment to its amended and restated credit agreement (the “Agreement”) with its lenders. The Agreement now has the following features: A $55 million increase in the size of the Company’s existing revolving credit facility from $225 million to $280 million;

The law firm of Moritt Hock & Hamroff has been named a Top 3 Winner for Best Financial Law Firm for its financial services practice in Long Island Business News' 2022 Annual Reader Rankings List. Long Island Business News reader rankings is an intensive months-long survey series that invites its readership to cast their votes for their favorite firms and businesses in dozens of B2B categories.

J D Factors announcing the following: J D Factors provided a $150,000 factoring facility to a transportation company in Quebec. J D Factors provided a $150,000 factoring facility to a lawn care & tree maintenance company in Florida. J D Factors provided a $100,000 factoring facility to a transportation company in Illinois.

Conagra Brands Inc (CAG) - Conagra Brands- on August 26 Entered Into Term Loan Agreement With Farm Credit Services of America, Pca. Conagra Brands Inc - the Term Loan Facility Provided for Under the Term Loan Agreement Matures on August 26, 2025 and is Unsecured.

The Leading Coffee, Tea, Flavors, Extracts, and Ingredients Solutions Provider Raises Approximately $300 Million of Equity Capital and Accesses $350 Million of Debt Capital. Westrock Coffee Company Common Stock Lists Today on the Nasdaq Under the Symbol “WEST”. Westrock Coffee Company (f/k/a Westrock Coffee Holdings, LLC) (Nasdaq: WEST) (“Westrock Coffee,” or “the Company”) today announced the closing of its business combination transaction (the “Transaction”) with Riverview Acquisition Corp. (Nasdaq: RVAC) (“RVAC” or “Riverview”). In connection with the closing of the Transaction, Westrock Coffee Holdings, LLC converted from a Delaware limited liability company to a Delaware corporation and changed its name to Westrock Coffee Company. Beginning today, the Company’s common stock and certain warrants to purchase shares of common stock will begin trading on the Nasdaq under the ticker symbols “WEST” and “WESTW,” respectively. In addition, the Company announced that it entered into a new credit agreement (the “Credit Agreement”) that includes a $175 million senior secured first lien term loan facility and a $175 million senior secured first lien revolving credit facility. Proceeds from the Transaction and Credit Agreement will be used to re-pay existing indebtedness and fund the Company’s organic and strategic growth initiatives.

Position underscores company’s commitment to technology, innovation, and building for the future. Provident Bank, a leading New Jersey-based financial institution, is pleased to announce that Ravi Vakacherla has joined the organization as Executive Vice President, Chief Digital and Innovation Officer. This position redefines the Chief Information Officer role and underscores the company’s commitment to technology, innovation, and building for the future.

Longbow Solar will deliver clean power to Brazoria County, promoting economic growth and a healthy environment. Monarch Private Capital, a nationally recognized ESG investment firm that develops, finances and manages a diversified portfolio of projects that generate both federal and state tax credits, is pleased to announce the financial closing of a tax equity investment in the 113 MW Longbow Solar project located in Brazoria County, Texas, within the desirable ERCOT Houston Zone. The $160 million renewable energy facility will generate clean power, stimulate the local economy and stabilize energy costs for area residents and businesses.

LPL Financial LLC today announced that the retail brokerage and advisory business of People’s United Bank (“People’s United”) has joined LPL’s Institution Services platform. M&T Bank, which leverages LPL’s Institution Services platform to support its retail advisory and brokerage business, completed its previously announced merger with People's United Financial, Inc., on April 1, 2022. On August 22, ~$2.6 billion of client assets were onboarded to LPL, including ~$2.4 billion of brokerage assets and ~$0.2 billion of advisory assets. The remaining ~$1.8 billion of assets are expected to onboard over the next several months.

Carestream Health has filed for bankruptcy. The former Kodak Health unit expects to continue operations through the court-supervised Chapter 11 process. “We are commencing the final stage of our recapitalization process, which will significantly enhance our ability to navigate a dynamic market,” said David Westgate, chairman, president and CEO of Carestream, in a statement this week.

Sound Point Capital Management (Sound Point), a credit-focused investment manager with more than $30 billion in assets, has appointed Andrea Sayago as its new chief compliance officer and associate general counsel.