TSL Express Daily Articles & News
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Resilient and Strong: Q3 2025 ABL Market Sets Record Amid Macro Uncertainty
Amid a backdrop of rapidly changing geopolitical risks, trade policy recalibration, rising concern over the labor market and consumer spending and tepid M&A activity, the U.S. asset-based lending market delivered the highest quarterly volume on record excluding the volume relating to LIBOR cessation in 2023.
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The New Collateral Frontier: How Secured Finance Is Winning Over Unlikely Industries
This article explores the transformative shift in secured finance, highlighting how industries like technology, healthcare, and media are leveraging innovative collateral and data-driven monitoring to secure funding. With rising interest rates and liquidity pressures, discover why these sectors are turning to secured finance and how lenders are adapting to meet their needs.
TSL Express Daily Headlines & News
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SFNet New Member Spotlight: Cascade Credit Services, LLC
December 15, 2025Cascade Credit Services, LLC is a 30-year-old business focused on Collateral Exams, Field Audits, and Collateral Monitoring. The company was Founded by Rich Denman, a former ABL Executive in the Pacific Northwest, who is still with the company as a trainer and mentor as well as the Chairman Emeritus of the Board of Advisors. The company is now owned and operated by entrepreneurs based in Texas, all with over 30+ years in credit, lending, financial due diligence and private company ownership and management.
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Siena Lending Group Provides $60 Million in Working Capital Facilities to Taskmaster Components
December 15, 2025Siena Lending Group LLC (“Siena”), today announced the closing of a $60,000,000 asset-based credit facility for Taskmaster Components (“Taskmaster”), a premier provider of cargo and utility trailer tires, wheels, components, and assemblies to OEMs, distributors, and dealers across North America.
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Republic Business Credit Supports Growth of Emerging Footwear Manufacturer with a $750,000 Factoring Facility
December 15, 2025Republic Business Credit provided a $750,000 factoring facility to an emerging footwear manufacturer. Republic’s traditional factoring product and credit protection services will support the Company’s working capital needs and growth strategy while protecting it from credit risk.
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Donald Cosenza, CLFP Joins Maxim Commercial Capital as SVP, Business Development
December 15, 2025Maxim Commercial Capital (“Maxim”) is pleased to announce Donald S. Cosenza, CLFP, has joined the company as Senior Vice President, Business Development. Cosenza brings more than 25 years of senior-level sales and marketing experience at national financial services firms to Maxim, where he will lead the company’s national referral partner marketing strategy.
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Salem Five Bank Extends $6 Million Credit Facility to Arocam Sports
December 15, 2025Salem Five Bank, a full-service financial services organization with over $8B in assets, today announced that it has provided a $6 million revolving line of credit to Arocam Sports, a Massachusetts-based operator of youth sports apparel, footwear, and equipment businesses.
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Westwood Financial Expands Corporate Credit Facility By $145 Million To $470 Million Total
December 15, 2025Westwood Financial, a 55-year-old leading retail real estate investment firm based in Los Angeles, today announced it has closed on the recast and $145 million upsize to its corporate credit facility, increasing the total facility to $470 million.
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Seth Friedman of Abacus Finance Group Appointed to SBIA Board of Governors as Northeast Regional Chair
December 15, 2025The Small Business Investor Alliance (“SBIA”) announced the appointment of Seth Friedman, Managing Director of Abacus Finance Group, LLC, to its Board of Governors. Mr. Friedman will serve as the Northeast Regional Chair, representing the interests of small business investment companies throughout the region.
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HyperAMS Announces Enterprise Coated Products Inc. Acquired by Loparex, a Strategic Private-Equity-Owned Company
December 15, 2025HyperAMS advised Enterprise Coated Products Inc. (“Enterprise” or the “Company”) on its sale to Loparex, a strategic private-equity-owned company. HyperAMS served as the exclusive sales agent to Enterprise with the transaction, which closed in November 2025.
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Jones Day Names 33 new Partners
December 15, 2025The global law firm Jones Day has announced that the following 33 lawyers listed below will be admitted to the Firm’s partnership effective January 1, 2026.
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LA Times Studios Recognizes CohnReznick’s Rodriguez as Commercial Real Estate Visionary
December 15, 2025CohnReznick, a leading professional services firm serving the real estate industry, today announced that Rony Rodriguez, Tax Partner and National Leader in REIT Tax Services for the Commercial Real Estate practice, has been named an LA Times Studios 2025 Commercial Real Estate Visionary.
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Gridiron Announces Investment Professional Steve Lamb as Managing Director
December 15, 2025Gridiron Capital, LLC (“Gridiron Capital” or “Gridiron”), an investment firm focused on partnering with founders, entrepreneurs, and management teams, is pleased to announce the addition of Steve Lamb as Managing Director. Steve joins Gridiron’s investment team, bringing his expertise in leading middle-market private equity investments and developing high-performing teams, to advance our strategic growth and talent development efforts.
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Turtle Hill Capital Provides $25 Million Credit Facility to Haven Energy to Accelerate California Home Solar and Battery Deployment
December 15, 2025Turtle Hill Capital, a specialty credit platform delivering capital solutions for the energy transition, today announced a $25 million structured credit facility to support Haven Energy, arranged in partnership with Deep Ocean Partners.
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Pathlight Capital Closes Fourth ABL Credit Fund and Second Evergreen Tranche With $1.9 Billion of Commitments
December 15, 2025Pathlight Capital LP ("Pathlight") announced today the final closing of its fourth fund, Pathlight Capital Fund IV LP ("Fund IV"), as well as the second tranche of its Evergreen vertical, Pathlight Capital Evergreen Fund LP (Tranche No. 2) (the "Evergreen Fund" and, together with Fund IV, the "Funds").
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Brown Plus Acquires Ross Buehler Falk & Company, LLP, Effective January 1, 2026
December 15, 2025Effective January 1, 2026, Ross Buehler Falk & Company, LLP (RBF) will be joining Brown Plus, adding 24 team members to the Firm.
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Brean Capital to Acquire Depository & Insurance Investment Banking, Equity Research, and Institutional Equity Sales Businesses from Janney Montgomery Scott
December 15, 2025Brean Capital, LLC (“Brean Capital”), a leading independent investment bank focused on capital markets and advisory services, is pleased to announce that it has entered into a definitive agreement to acquire the Depository & Insurance Investment Banking, Equity Research, and Institutional Equity Sales businesses from Janney Montgomery Scott LLC (“Janney”).
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Sallyport Commercial Finance Provides $1 Million for Electronics Distributor for Expansion
December 15, 2025Sallyport Commercial Finance is pleased to announce the provision of a $1,000,000 factoring facility to a rapidly growing electronic components distributor, referred to Sallyport by one of its trusted broker partners.
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Eclipse Business Capital Closes $65 Million Senior Secured Credit Facility to Food & Beverage Industry
December 15, 2025Eclipse Business Capital LLC (“EBC”) announced that it has closed a $65 million senior secured credit facility to a manufacturer in the FB&A industry. The credit facility is secured by accounts receivable and inventory. The transaction refinances the Company’s existing bank debt and provides additional liquidity for ongoing working capital needs.
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Entrepreneur Growth Capital Provides $17,500,000 Line of Credit to Supply Chain Solutions Provider
December 15, 2025Entrepreneur Growth Capital (“EGC”) is pleased to announce the closing of a $17.5 million accounts receivable line of credit to a North Carolina based data-driven supply chain engineering solutions provider (“the Company”).
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SouthStar Capital Funds $250,000 Accounts Receivable Facility for Growing Telecommunications Company
December 15, 2025SouthStar Capital is proud to announce the funding of a $250,000 accounts receivable financing facility for a growing telecommunications services company. The company provides cell tower maintenance and support services and is expanding operations to meet increased demand.
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Enova Announces Definitive Agreement to Acquire Grasshopper Bank
December 15, 2025Enova International, Inc. (NYSE: ENVA) ("Enova"), a leading financial services company powered by machine learning and world-class analytics, today announced it has signed a definitive agreement to acquire Grasshopper Bancorp, Inc., and its wholly owned subsidiary Grasshopper Bank N.A. ("Grasshopper"), in a cash and stock transaction valued at approximately $369 million.
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