Siena Lending Group Launches Siena Healthcare Finance
New Division Will Serve Small to Mid-Size Companies in U.S. & Canada
TSL Express Trending Story
Cars Aren’t Dead: They’re Just Morphing into What Comes Next
If, indeed, the traditional car as we have known it is “dead”, and its current successors are likely to be short-lived placeholders for what is to come… to understand what’s next and how it will impact the asset-based valuations we perform in the automotive industry, it is necessary to first understand how we got here.
TSL Express Daily Headlines & News
BizCap Delivers Financing for Multinational Technology Services Company
September 4, 2019Business Capital (BizCap) structured and delivered a credit facility to Innominds Software, Inc., (Innominds) a provider of convergent design, technology and engineering solutions that accelerate digital transformation and growth for its enterprise clients, which include large blue chip technology companies.
Gibraltar Continues Business Development Expansion with New Northeast SVP, Tony Vassallo
September 3, 2019Gibraltar welcomes Tony Vassallo as the newest veteran specialty-finance expert to join its experienced and dynamic Northeast regional business development team.
CohnReznick Invests in Restructuring & Dispute Resolution Practice; Welcomes Eight Award-Winning Members to its Team
September 3, 2019CohnReznick LLP, one of the leading advisory, assurance, and tax firms in the United States, has announced a major investment in its Restructuring & Dispute Resolution practice with the addition of eight industry veterans, including four partners, a managing director, and three senior managers.
Breaking News: LeClairRyan files for bankruptcy
September 3, 2019LeClairRyan, the battered Richmond law firm that in recent weeks announced it would shut down in the face of mass defections, has filed for bankruptcy.
US mid-market lenders expect solid September pipeline
September 3, 2019US middle market lenders are optimistic that post-Labor Day dealflow will be steady and could likely accelerate heading into the fourth quarter.
Neiman Marcus scores $27M loan for Galleria store in Fort Lauderdale
September 3, 2019Neiman Marcus closed on a nearly $27 million loan for its Fort Lauderdale location, marking the second loan the struggling retailer has secured in recent months in South Florida.
Capital One Welcomes Jeff Goldsmith to Commercial Underwriting and Portfolio Management Team
September 3, 2019Capital One announced that it recently appointed Jeff Goldsmith to its Underwriting and Portfolio Management team.
B. Riley Serves as Exclusive Sell-Side Advisor to PCM on its $581 Million Sale to Insight Enterprises
September 3, 2019B. Riley Financial, Inc. (NASDAQ: RILY) ("B. Riley") today announced its investment banking subsidiary, B. Riley FBR, Inc., served as exclusive financial advisor to PCM, Inc. (NASDAQ: PCMI) ("PCM") in connection with its completed sale to Insight Enterprises (NASDAQ: NSIT) ("Insight").
Worthy Lending, LLC Finishes the Summer With $1.5MM in New Financing Facilities
September 3, 2019In order to complete numerous purchase orders and to prepare for a very busy year end, this midwestern manufacturer and servicer of 21st century state-of-the-art printing presses looked for a flexible lender able to finance its inventory.
Byron Stafford Adds Direct Private Equity to Alternatives Enterprise
September 3, 2019Byron Stafford, a professional Asset Manager who provides institutional and individual investors with a broad array of equity and fixed income products designed to meet long-term goals, today announced that it has added private equity to its growing stable of alternative offerings for clients.
J.C. Penny’s Debt Rating Downgraded by S&P
September 3, 2019Standard & Poors Corp. lowering its debt ratings on J.C. Penney Corp. Inc. due to continued revenue declines and the increasing likelihood that they’ll have to pursue a distressed debt exchange.
Gina Thoma Peterson Joins Avidbank as Executive Vice President & Chief Operating Officer
September 3, 2019Avidbank Holdings, Inc., (OTC Pink: AVBH), a bank holding company and the parent company of Avidbank, announced today that Gina Thoma Peterson will join the Bank as Executive Vice President and Chief Operating Officer.
Ultimate Finance to shift investments to asset-based lending
September 3, 2019Ultimate Finance is to withdraw from the unsecured loan market to concentrate on further investment in asset-based solutions.
Celtic Capital Corporation today announced its most recent new client relationship
September 3, 2019Celtic Capital Corporation today announced its most recent new client relationship – a California-based Company that conducts telephone and mail solicitation for 501-C3 charitable organizations or political organizations.
Byline Sponsor Finance supports Kian Capital in its recapitalization of The Eastwood Company
August 29, 2019Byline Bank Sponsor Finance ("BSF") announced that it has provided revolver and term credit facilities to finance Kian Capital’s recapitalization of The Eastwood Company (“Eastwood”). BSF was represented by Duane Morris, LLP.
Bibby ups healthcare wholesaler's funding package to £10m for product expansion
August 29, 2019Bibby Financial Services (BFS) has increased Veenak International’s asset funding package to £10m, which will allow the healthcare wholesaler to expand its product offering.
Trade Association Chief Warns US Days Away From 'Retail Armageddon'
August 29, 2019With the latest round of tariffs on a wide swath of goods from China set to hit Sunday, the head of a major trade association representing the apparel and footwear industry is warning the United States is fast approaching “retail Armageddon.”
Tradewind Announces Export Factoring Facility for Electronics Company in Hong Kong
August 29, 2019Tradewind has closed a $2 million export factoring facility for an electronics company based in Hong Kong that sells items such as smart watches, smart bands, and tablets to traders and retailers globally.
Forever 21 Prepares for Potential Bankruptcy Filing
August 29, 2019Forever 21 Inc. is preparing for a potential bankruptcy filing as the fashion retailer’s cash dwindles and turnaround options fade, according to people with knowledge of the plans.
Foley Business Capital has been acquired by Vero Business Capital, LLC
August 29, 2019We are pleased to announce that Hovde’s client, Omaha, NE-based Foley Business Capital (“FBC”), a subsidiary of Foley Holdings (“Foley”), has announced its sale to Memphis, TN-based Vero Business Capital, LLC (“Vero”), a portfolio company of SouthWorth Capital Management (“SouthWorth”).
In This Section
The Secured Lender
The September Specialty Finance Issue.