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  • Horizon Technology Finance Provides Additional $5 Million Venture Loan to Everstream Analytics
    November 30, 2021
    Horizon Technology Finance Corporation (NASDAQ: HRZN) ("Horizon"), a leading specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services, and sustainability industries, announced today it provided an additional venture loan, in the principal amount of $5 million, to Everstream Analytics ("Everstream"), a provider of supply chain risk management software and an existing Horizon portfolio company.
  • PlainsCapital Bank’s Houston Commercial Lending Team Welcomes Kristi Conway
    November 30, 2021
    PlainsCapital Bank recently announced that Kristi Conway has joined its Houston lending group as executive vice president at 2925 Richmond Ave. Conway has more than 17 years of financial services and leadership experience, all of which she’s gained at Frost Bank. Most recently, she served as market president for commercial lending. Conway also held multiple management roles at Frost Bank, including senior vice president and vice president.
  • Iron Horse Credit Provides a $1 Million Inventory Line of Credit to an Eyewear Distributor
    November 30, 2021
    Iron Horse Credit (“IHC”), a leading stand-alone inventory lender, is pleased to announce the closing of a $1,000,000 stand-alone inventory revolving line of credit to an eyewear distributor. With over 30 years of experience in the eyewear industry, the client was able to leverage its existing relationships with vendors and major retailers to provide both branded and non-branded eyewear products.
  • Celtic Capital Corporation Announces New Client Relationship
    November 30, 2021
    Celtic Capital Corporation announced its most recent new client relationship – a California-based manufacturer of precision metal stamping, welding and automated assembly products for various industries. This third-generation business was leveraging its vendor relationships in lieu of traditional financing.
  • Air Industries Group Announces Expansion and Extension of Credit Facility
    November 30, 2021
    Air Industries Group (“Air Industries” or the “Company”), an integrated manufacturer of precision assemblies and components for leading aerospace and defense prime contractors, today announced that Sterling National Bank (“Sterling National”) has agreed to expand the size of and extend the maturity of its Revolving Credit Facility and Term Loan. The revolving credit facility increased by 25%, or $4 million, from its current $16 million limit to $20 million. The inventory sublimit of the revolving credit facility also increased by $3 million, to $14 million.
  • Blue Bird Corporation Announces Amendment of Credit Facility
    November 30, 2021
    Today, Blue Bird Corporation (NASDAQ: BLBD), a leading manufacturer of school and activity buses, announced that it entered into a fourth amendment to its credit facility, dated as of December 12, 2016.
  • NMI Holdings, Inc. Amends and Extends Revolving Credit Facility, Expanding Lender Group and Increasing Capacity to $250 Million
    November 30, 2021
    J.P. Morgan Chase Bank, N.A., Citibank, N.A., RBC Capital Markets and Truist Securities, Inc. served as joint lead arrangers on the transaction, with additional commitments made by Bank of Montreal, Goldman Sachs Bank USA and U.S. Bank National Association.
  • Siena Lending Group Provides Over $58 Million For A New Credit Facility To Biodiesel Producer
    November 29, 2021
    Siena Lending Group LLC ("Siena"), a leading asset-based lender, today announced the completion of a three-year asset-based revolving credit facility for a family‐owned and operated Biodiesel Producer. The facility consists of a $50 million revolver and an $8.2 million term loan.
  • Synovus Names Tom Dierdorff Head of Corporate & Investment Banking
    November 29, 2021
    Synovus Bank today announced the appointment of Tom Dierdorff as its new Head of Corporate & Investment Banking (CIB), effective November 29. Dierdorff most recently served as managing director and group head of financial services for Regions Bank and Regions Securities.
  • SFNet Continues to Express Concerns About the EIDL Program with Relevant Officials
    November 29, 2021
    In addition to United States Rep. Luetkemeyer, this includes Reps. Barr (Financial Services), Garcia (Appropriations) and Meuser (Small Business) and Mr. Daniel Krupnick, Senior Advisor to SBA Administrator Isabel Guzman, who have all indicated support for our position that the EDIL program should be terminated and, at a minimum, fixed to address the inequities in the administration of the program.
  • MUFG Names Raymond Fattell Head of Transaction Banking Americas
    November 29, 2021
    Mitsubishi UFJ Financial Group (MUFG), one of the world's leading financial groups, today announced that Raymond Fattell has been named Head of Transaction Banking Americas. In this position, Mr. Fattell will lead the Transaction Banking business in the United States, Latin America, and Canada, responsible for Product Management, Sales, Client Delivery, Risk and supporting functions including Strategy, Client Training, and Marketing.
  • Cross-Border M&A Team Joins Dorsey’s New York Office
    November 29, 2021
    Dorsey & Whitney has boosted its Cross-Border and Merger & Acquisition Practices with two experienced attorneys in its New York office. Michael Budabin has joined as a Partner along with Marc Kushner as a Partner and Head of U.S. M&A under the leadership of M&A Co-Chairs Bill Jonason and Layne Smith. Kushner and Budabin are well-known and well-respected cross-border mergers & acquisitions attorneys and have particular expertise in transactions involving representations and warranties insurance (RWI). Budabin will also serve as head of Dorsey’s new Transactional Risk Insurance Group.
  • Gordon Brothers Provides SPM Toys Trading GmbH Secured Term Loan to Acquire Intellectual Property Rights & Assets from Spiele Max GmbH
    November 29, 2021
    Gordon Brothers, the global advisory, restructuring and investment firm, has provided SPM Toys Trading GmbH a secured term loan to purchase the intellectual property rights and assets of German retailer Spiele Max GmbH.
  • Sun Valley Raisins Engages BizCap®, Secures $15 Million in Financing
    November 29, 2021
    BizCap®, a national commercial finance and advisory firm, today announced it has successfully structured and secured a $15 million line of credit for Sun Valley Raisins, based in California’s Central Valley. This line of credit will be used to finance growth initiatives, including maximizing production volume capacity at Sun Valley Raisins’ plant facility.
  • eCapital Provides $6.5MM Asset Based Lending Credit Facility to California-Based Food and General Products Distributor
    November 29, 2021
    eCapital Commercial Finance (“eCapital”), a division of eCapital Corp., a leading North American alternative finance provider for small and medium-sized businesses, today announced the issuance of a $6,500,000 asset-based lending credit facility to a California-based food and general products distributor.
  • Winston & Strawn Represents Vahanna Tech Edge Acquisition I Corp.
    November 29, 2021
    Winston & Strawn represented Vahanna Tech Edge Acquisition I Corp. (the “Company”) in its initial public offering of 20,010,000 units, including 2,610,000 units issued pursuant to the full exercise of the underwriters’ over-allotment option, at a price of $10.00 per unit. Vahanna Tech Edge Acquisition I Corp. is a blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
  • Austin Financial Services Funds $1.5MM ABL Facility to Oil & Gas Billing Services Company
    November 29, 2021
    Austin Financial Services, Inc. (AFS) recently funded a $1,500,000 ABL credit facility comprised of an AR revolver. Based in the Southeast region, the Company operates as a billing services company providing services for the oil/gas exploration and production industry.
  • MidCap Business Credit Closes on a $6,000,000 Asset-based Credit Facility for a Camwood Capital Group Portfolio Company
    November 29, 2021
    MidCap Business Credit announced today they have closed on a $6,000,000 asset-based credit facility for a Camwood Capital Group portfolio company, Texas Contract Manufacturing Group (“TCMG”), and TCMG’s wholly owned subsidiaries, Lor-Van Manufacturing, Inc., and Apex Machining, Inc.
  • Greystone Provides $8.3 Million in Acquisition Financing for Colorado Apartment Complex
    November 29, 2021
    Greystone, a leading national commercial real estate finance company, has provided an $8.3 million bridge loan for the acquisition of The Reserve Apartments, an 87-unit multifamily property in Colorado Springs, CO. The transaction was originated by Dale Holzer, Managing Director at Greystone.
  • mCloud Amends Existing Credit Facility with Addition of C$5 Million Accordion
    November 29, 2021
    mCloud Technologies Corp. (TSXV: MCLD) (NASDAQ: MCLD) ("mCloud" or the "Company"), a leading provider of AI-powered asset management and Environmental, Social, and Governance ("ESG") solutions, announced today it is amending its credit facility with ATB Financial ("ATB").
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