With traditional work routines reexamined and overhauled due to the COVID-19 global pandemic, employers around the world need help from temporary staffing agencies to fill gaps in their workforce and delivery systems. Republic Business Credit was there to support a multinational staffing and consulting company meet the demand in the U.S.

Tradecycle Capital, an Indianapolis-based trade finance provider, announced it funded a new $2,000,000 revolving accounts payable funding facility for a family office owned processor of specialty metal alloy products.

Banc of California, Inc. (NYSE: BANC) today announced that its wholly owned subsidiary, Banc of California, N.A., California’s leading relationship-focused business bank, has hired Jagdeep Singh Sahota as Chief Payments Officer.

MidCap Business Credit LLC announced today that it has completed a $17 million asset-based credit facility to Virginia Explosives & Drilling Company. The Business was established in 1998 and is headquartered in Vansant, VA. The opportunity was sourced out of MidCap’s regional office in Baltimore, MD.

Pembrook Capital Management LLC ("Pembrook"), one of the nation's leading bridge lenders for market rate, workforce and affordable multifamily rental housing, has appointed John K. Malysa as a managing director of the firm. Mr. Malysa, a veteran commercial real estate credit risk professional with over 25 years of multi-faceted industry experience, will focus on and underwriting, oversee asset management, and serve as a member of Pembrook's Investment Committee.

EPSG, a leading integrator of merchant payment technology solutions, announced today that it has significantly expanded its existing revolving line of credit (“Credit Facility”) with People’s United, a division of M&T Bank Corporation (“M&T”) (NASDAQ: MTB).

Verdant Commercial Capital, LLC executed a multiyear program agreement with Synovus Bank to provide a new equipment finance offering — Synovus Equipment Leasing — for Synovus Bank commercial customers. Through the offering, leasing and equipment finance agreements for essential use equipment can range from $25,000 to $50 million. The program is for Synovus commercial customers only and is now available.

Concord Capital Partners has appointed Samuel Landman as chief investment officer (CIO). The commercial real estate veteran will work on the acquisition, financing, and disposition of real estate assets to help drive the firm’s growth. Landman has more than 17 years of experience sourcing, acquiring, developing and structuring multifamily, industrial and office projects nationally and globally.

Divergent Technologies Inc. ("Divergent"), the company that has developed the world's first end-to-end digital production system to revolutionize industrial-scale manufacturing, announced today that it has closed a new $60 million venture loan facility led by Horizon Technology Finance Corporation (NASDAQ: HRZN) ("Horizon"), and a new $20 million revolving line of credit provided by Bridge Bank, a division of Western Alliance Bank

Comvest Credit Partners (“Comvest”), a leading provider of flexible financing solutions to middle-market companies, has acted as Administrative Agent in providing a new $120 million senior secured credit facility (the “Financing”) to Purchasing Power. The transaction, with institutional alternative management firm Crestline Investors, marks a continuation of Comvest’s support of the Atlanta-based voluntary benefits provider of employee purchase programs.

Natixis Corporate & Investment Banking ("Natixis CIB") today announced the appointments of Brad Roberts and David Williams as Co-Heads of Credit Americas, where they will be responsible for overseeing the Global Structured Credit & Solutions Group, as well as credit sales and trading at Natixis CIB.

SFNet is pleased to announce the winners of the SFNet Cross-Border Finance Essay Contest, sponsored by Goldberg Kohn. The following essays will appear in upcoming issues of The Secured Lender and in TSL Express. Authors of the winning essays will be invited to participate in a panel at SFNet’s 78th Annual Convention in Austin, TX, Nov. 9-11.

Confidence in the asset-based lending market was positive in the first quarter but banks and other lenders are watchful of an economy that shows a mix of highs and lows, according to data released by the Secured Finance Network. SFNet surveyed bank and non-bank asset-based lenders (ABLs) on key indicators for its quarterly Asset-Based Lending Index and SFNet Confidence Index.

North Mill Equipment Finance LLC (“NMEF”), a leading independent commercial equipment lessor headquartered in Norwalk, Connecticut, reported an all-time high in funding volume for the second quarter of 2022. Funded volume surged to $147 million, up 34% from the first quarter of 2022 and up 108% from the second quarter of 2021.

Tradewind Finance announced today it has funded a rapidly-growing chemicals company based in India that manufactures solutions and dyes intended for a variety of applications, including pharmaceuticals, food processing, and personal care products. The funding is being used for working capital purposes, including the purchase of raw materials.

Assembled Brands continues its growth hiring and is pleased to announce that Clifford Davis II has joined its team as an ABL Portfolio Analyst in Los Angeles, CA. In this role, Davis is responsible for portfolio management, operational and collateral compliance, monitoring as well as reporting.

King & Spalding announced today that Kathleen “Katie” Blaszak has joined the firm as a partner in the Corporate, Finance and Investments (CFI) Practice Group. She is based in the firm’s Northern Virginia office.

Helix Energy Solutions Group, Inc. (“Helix”) (NYSE: HLX) announced today its successful completion of the previously announced acquisition of all of the equity interests of the Alliance group of companies (collectively “Alliance”), expanding its decommissioning presence in the Gulf of Mexico shelf and advancing Helix’s environmental, social and governance (“ESG”) initiatives by responsibly supporting end-of-life requirements of oil and gas projects. Bank of America, N.A. serves as Administrative Agent for the ABL facility.

idley Austin LLP is pleased to welcome Stephen E. Hessler as the global practice leader of the Restructuring group. He will be based in the New York office and joins after almost two decades at Kirkland & Ellis LLP, where he led some of the most significant chapter 11 cases in history — including, most recently, Frontier Communications and Windstream Holdings.

FTI Consulting, Inc. (NYSE: FCN) today announced its continued investment in its Corporate Finance & Restructuring segment in Asia with the appointment of Martin Wong as a Senior Managing Director. Based in Singapore, Mr. Wong brings over 24 years of experience in rehabilitative corporate restructuring and insolvency administration involving judicial management appointments, schemes of arrangement, receiverships, and voluntary and court liquidation.