- Essex Capital Group Closes $2.75 Million Short-Term Bridge Facility
- Eagle Point Provides Strategic Financing to Heritage Energy Storage for Distributed Generation Platform
- Ben Ellis Joins Windels Marx as Special Counsel
- Jennifer Palmer Named to Inc. Female Founders 500 for Leadership in Women-Focused Lending
- News Detail Share Test
TSL Express Daily Articles & News
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CIT Provides $22 Million to Refinance Chandler Medical Plaza
CIT, a division of First Citizens Bank, today announced that its Healthcare Finance business served as sole lender on a $22 million loan to AZ Banner Investments LLC, which is managed by Webb Management & Investments, LLC. The loan was used to refinance the Chandler Medical Plaza, a three-story medical office building in Chandler, Arizona.
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Synovus Bank recently announced a new Specialty Finance Division, focused on providing debt capital financing and commercial banking solutions to fund companies operating in niche asset classes. The division includes a structured finance team and builds on the expertise of Global One Financial, the insurance premium finance lender acquired by Synovus in October of 2016. The division is led by Jonathan Rosen, who founded Global One in 2003 and continues to manage it as chief executive officer of the Specialty Finance Division at Synovus. Here, Jonathan Rosen discusses opportunities and growth late in the credit cycle.
TSL Express Daily Headlines & News
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Amerisource Closes $3,500,000 Real Estate Term Facility for Electrical Services Firm
July 27, 2022Amerisource Business Capital announced the closing and funding of a $3,500,000 real estate term loan facility for a Texas-based electrical services firm. The proceeds were used to provide working capital for the company’s growth.
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Fifth Third Bank’s Mark Heckler to Succeed Retiring Mark Hoppe as Chicago Region President
July 26, 2022Fifth Third Bank, National Association, has announced that Mark Hoppe, Chicago region president, plans to retire at the end of the year following a distinguished 45-year career in the banking industry. Mark Heckler, senior commercial banker, will succeed him.
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Red Mountain Announces Launch of Investment Banking Platform Serving Middle Market Companies – Red Mountain Capital Advisors LLC
July 26, 2022Red Mountain Capital Partners LLC (“Red Mountain”) today announced the launch of Red Mountain Capital Advisors LLC (“RMCA”) and Red Mountain Securities LLC (“RMS”), an investment banking platform focused exclusively on providing advisory services for middle market public and private companies and their owners.
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Stellus Capital Management, LLC Provides Unitranche Financing in Support of Bansk Group’s Acquisition of amika and Eva NYC
July 26, 2022Stellus Capital Management, LLC (“Stellus”) announced today that its affiliates provided senior debt financing and an equity co-investment in support of Bansk Group’s (“Bansk”) acquisition of amika and Eva NYC, two of the fastest-growing scaled independent haircare brands in the U.S.
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Dominica Groom Williams Joined Truist as Head of Diversity, Equity and Inclusion
July 26, 2022Truist Financial Corporation (NYSE: TFC) today announced that Dominica Groom Williams will join the company as head of diversity, equity and inclusion (DEI), effective today. Groom Williams will be responsible for leading bank-wide strategic inclusion and diversity initiatives, reporting to Chief Teammate Officer and Head of Enterprise Diversity Kimberly Moore-Wright.
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White Oak Provides Senior Credit Facility to Prime Plastic Surgery & Med Spa to Support Growth and Future Acquisitions
July 26, 2022White Oak Global Advisors LLC (“White Oak”) announced today it has provided a senior credit facility to Prime Plastic Surgery & Med Spa (“Prime”), a healthcare partnership comprised of the country’s leading board-certified aesthetic surgery practices. Proceeds will be used to fuel future acquisitions and scale up existing operations and facilities.
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Tradewind Finance Funds Pakistani Workwear Manufacturer for Frontline Professionals
July 26, 2022Tradewind Finance has closed USD 500,000 in funding for a manufacturer of workwear and linens based in Lahore, Pakistan. The company exports to Europe, the UK, and the United States. From chef jackets to medical scrubs, the company is invested in producing quality, comfortable attire for a range of frontline professions. With more than two decades in operation, it also has a stake in the region’s huge home textiles industry as a manufacturer of bed linens and towels.
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Former TBK Bank SVP Joins Florida Factoring Firm
July 26, 2022Nicholas J. Pittas, most recently senior vice president and the industry leader for Defense Contracting and Government Services with TBK Bank, SSB, a subsidiary of Triumph Bancorp, Inc., has joined United Capital Funding, a wholly owned subsidiary of Gulf Coast Bank & Trust Company, as the national sales manager.
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SPECTRUM Commercial Services Opens Arizona Office and Adds Pam McConlogue to Sales Team
July 26, 2022SPECTRUM Commercial Services opens new sales office in Phoenix, AZ and adds new Vice President, Pamela McConlogue. Pam joins SPECTRUM Commercial Services Company (spectrumcommercial.com), bringing over 20 years of experience in commercial banking, factoring and asset based lending. Her track record of success working with commercial lenders, consultants and business owners make her an excellent fit as SPECTRUM expands into Phoenix and surrounding markets.
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eCapital Provides Over $53MM in Facilities to Staffing Companies in First Half of 2022
July 26, 2022eCapital Corp. (“eCapital”), a leading alternative finance provider in North America and the U.K., has showcased its commitment to providing faster and more flexible payroll funding solutions to staffing companies by issuing over $53MM in new and increased facilities as of June 2022.
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TriplePoint Venture Growth BDC Corp. Announces Extension of its Revolving Credit Facility
July 25, 2022TriplePoint Venture Growth BDC Corp. (NYSE:TPVG) (the “Company,” "TPVG," “we,” “us,” or “our”), the leading financing provider to venture growth stage companies backed by a select group of venture capital firms in technology and other high growth industries, today announced it has entered into an amendment to its revolving credit facility.
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PreveCeutical Enters into Credit Facility Agreement
July 25, 2022reveCeutical Medical Inc. (CSE: PREV) (OTCQB: PRVCF) (FSE: 18H) (the "Company" or "PreveCeutical"), announces that it has entered into a $3 million credit facility agreement with the Company's Chief Executive Officer and Chair, Stephen Van Deventer, and the Company's former President and director, Kimberly Van Deventer (collectively, the "Lenders").
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Envision Healthcare Announces Entry into Liquidity Enhancing Transactions
July 25, 2022Envision Healthcare, a leading national medical group, today announced that it closed the first phase of a refinancing transaction with a majority of its first lien term loan lenders and, separately, consummated a refinancing transaction with its revolving lenders.
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NowVertical Group Completes Acquisition of Resonant Analytics
July 25, 2022NowVertical Group Inc., a big data, analytics and vertical intelligence (“VI”) software and services company, today announced that it has completed its previously announced acquisition of 100% of the issued and outstanding securities of Resonant Analytics, LLC, a USA-based guided solutions analytics firm. Concurrent with the closing of the Acquisition, NOW secured a credit facility with US-based MVB Bank.
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Commercial Finance Partners Expands ERC Funding Program
July 25, 2022Commercial Finance Partners is pleased to announce the expansion of the Employee Retention Funding Program that started in late 2021. Commercial Finance has facilitated financing for over $30,000,000 of credits to date and is now expanding the program to improve upon previously constrained size limitations and underwriting timelines.
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Capstone Extends and Expands Its Revolving Credit Facility
July 25, 2022The RCF is with Canadian Imperial Bank of Commerce (Co-Lead Arranger, Joint Bookrunner and Administrative Agent), The Bank of Nova Scotia (Co-Lead Arranger and Joint Bookrunner and Syndication Agent), ING Capital LLC (Co-Lead Arranger and Joint Bookrunner), National Bank of Canada (Joint Documentation Agent), Wells Fargo Bank, N.A., Canadian Branch (Joint Documentation Agent), Citibank N.A., Bank of Montreal and Royal Bank of Canada.
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ALT Announces $200 Million in New Funding Led by Atalaya Capital Management as It Launches ALT Advance, Its New Lending Product
July 25, 2022ALT, a simple, modern investment platform that lets you buy and sell alternative assets just like stocks, today announced $200 million in new debt financing led by Atalaya Capital Management. The new funding comes on the heels of ALT's introduction of ALT Advance, a new lending product that lets investors borrow cash against their vaulted assets without having to sell them.
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Amerisource Closes $10,000,000 Revolver & R.E Term Loan Facility for Manufacturing Firm
July 25, 2022Amerisource Business Capital announced the closing and funding of a $10,000,000 ABL revolver on A/R and inventory and a real estate term loan facility for a Wisconsin-based automotive, truck, and aerospace component part designer and manufacturer.
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Republic Business Credit Provides $5 Million Direct to Consumer Asset-Based Loan to Retail Confectionary Manufacturer
July 25, 2022When a portfolio company of a California-based private equity firm sought to refinance and upsize its existing asset-based lending facility, the company partnered with Republic Business Credit. Republic provided a scalable, flexible and growth-orientated $5 million credit facility with full availability on retail inventory, wholesale inventory, merchant accounts and direct to consumer proceeds.
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The Bancorp Appoints Timothy Green as New Head of Fintech Lending
July 25, 2022Today, The Bancorp Bank, the wholly-owned banking subsidiary of The Bancorp, Inc. (NASDAQ: TBBK), announced that the Company has hired Timothy Green as Managing Director, Head of Fintech Lending. In this new role within The Bancorp Fintech Solutions division, Green will play an instrumental part in the development and execution of the Bank’s fintech lending strategy.
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