Sucro Can Sourcing LLC, a rapidly growing integrated sugar refiner, and Rabobank, a global financial services leader in food and agribusiness, announced the successful closing of a $225 million senior secured credit facility. As a highly integrated sugar refiner operating primarily in North America, Sucro's mission is to be the leading alternative integrated sugar supplier in North America, leveraging its processing footprint and supply chain innovations to fully service sugar users. Sucro's relationships and efficient operational model has established the company as a dynamic sugar trade partner for sugar mills, processors, distributors and industrial customers.

CIT Bank, the national online bank, today announced that it has been ranked as No. 1 in the nation for humanizing the customer experience in an independent survey conducted by American Banker in partnership with Monigle, a brand experience agency. The survey, which covered more than 50 financial institutions, ranked CIT Bank in first place for each of four key aspects of customer experience excellence -- behavioral, intellectual, emotional and sensorial.

LSQ, a leading provider of working capital finance and payments solutions, recently expanded its relationship with Wilson Creek Energy by originating a $15 million credit facility for the Pennsylvania-based metallurgical coal producer. The company will use the additional capital to expand their operations and take on new clients.

nFusion Capital, a private working capital finance company providing customized financing solutions to small and medium-sized businesses, announced the opening of an office in Phoenix, Arizona. The new office will allow nFusion Capital to better serve its referral network and client base in the Western United States and support its overall growth strategy. Anthony Fortunato and Adam Keck will co-lead the Phoenix office.

Celtic Capital Corporation today announced its most recent new client relationship – a Colorado- based manufacturer of plant-based food products. This business had the opportunity to acquire another plant-based food manufacturer with complementary products. After being referred to Celtic Capital by a trusted referral partner, the Company approached Celtic Capital to finance both its existing equipment and that which was being acquired to provide the funds necessary to close the acquisition. Celtic Capital provided a $790,000 equipment loan to seal the deal.

Flexent is happy to announce that industry veteran Greg Dyson has joined the company. Dyson joins Flexent as a District Sales Manager. Dyson, originally from Las Vegas, is currently based in Houston and will represent Flexent in Texas and the surrounding states. He has committed to providing the highest level of service and integrity to this industry by assisting companies with a solution to their working capital needs.

Vielehr to lead and scale Apollo’s operating platform globally. 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.

Huntington Business Credit announced it closed a $35,000,000 new credit facility with Sunbelt Modular, Inc. on August 15, 2022. Sunbelt Modular, Inc. is a new portfolio investment for MSouth Equity Partners, a private equity investment firm located in Atlanta, Georgia. Proceeds of the facility were used to finance the acquisition and provide ongoing working capital growth financing.

White Oak Healthcare Finance LLC (“White Oak” or “WOHCF”) acted as sole lender and administrative agent on the funding of a $42.3 million asset-based senior credit facility for Cascadia Healthcare, Inc. (Cascadia). The funds will primarily be used to fund Cascadia’s growth and ongoing working capital. Cascadia operates skilled nursing facilities located in Idaho, Washington, Oregon, Montana, Arizona and New Mexico.

Monroe Capital LLC (“Monroe”) today announced Amanda Tallman has joined the firm as Vice President, Direct Originations. Amanda will be responsible for originating transactions direct to non-sponsored and family-owned businesses. She will be based in the firm’s Chicago office.

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.