- i80 Group and Brim Partner to Offer Funding-as-a-Service With $300 Million Credit Facility
- News Detail
- Enova Announces Definitive Agreement to Acquire Grasshopper Bank
- Errin Richardson Glasgow Named as new President of Nationwide Operations of Cascade Credit Services, LLC
- Law Firms Winston & Strawn, Taylor Wessing in Talks to Merge
TSL Express Daily Articles & News
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eCapital Provides a $6 Million Asset Based Lending Facility for Agriculture Supply Company
eCapital Commercial Finance’s (“eCapital”) Asset Based Lending division, today announced the issuance of a $6 million asset based line to a Florida-based agriculture supply company servicing both retail and wholesale clients. The company selected eCapital for its competitive rate, flexible structure and ability to provide fast access to working capital.
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FocalPoint Advises Choozle on its Growth Investment from Boathouse Capital
September 14, 2021Choozle, Inc. (“Choozle” or the “Company”), an industry-leading self-service digital advertising software platform, has announced the successful closing of a growth investment from Boathouse Capital (“Boathouse”). FocalPoint Securities, LLC (“FocalPoint”) served as Choozle’s exclusive financial advisor on the transaction.
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PKF O’Connor Davies Welcomes Clear Thinking Group, LLC
September 14, 2021PKF O’Connor Davies, LLP, one of the nation’s largest accounting, tax, and advisory firms, announced today that Clear Thinking Group, LLC, an award-winning national bankruptcy and restructuring consultancy based in Hillsborough, NJ, has joined the Firm. The company, which has spent the past two decades supporting clients at various stages of their life cycle with personalized, practical, and actionable solutions, joins the PKF O’Connor Davies team as PKF Clear Thinking, LLC.
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SG Credit Provides $4.0 Million SaaS Acquisition Facility
September 14, 2021SG Credit provided a $4.0 million SaaS acquisition facility to a corporate travel and entertainment software, data integration, and business intelligence (BI) provider for large enterprises and travel management companies. The buyer was an enterprise software operating company backed by private equity.
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Horizon Technology Finance and Trinity Capital Provide $40 Million Venture Loan to Nexii
September 14, 2021Horizon 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, along with lending partner Trinity Capital Inc. (NASDAQ: TRIN) ("Trinity"), a leading provider of debt and equipment financing to growth stage companies, announced today that they provided a $40 million venture loan to Nexii Building Solutions Inc. ("Nexii"),
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BankProv to Scale Digital Asset Lending with Expansion of Specialty Lending Team
September 14, 2021BankProv, an innovative, commercial bank that finds solutions for business and private clients, is expanding its Specialty Lending team to include Ryan Fox, Assistant Vice President, Specialty Lending, as the Bank pushes its full-service offering for the cryptocurrency community to the next level.
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BHI Appoints James Lee as SVP, Head of California C&I, and Kevin Kim as FVP, Relationship Manager
September 14, 2021BHI, a full-service commercial bank, announced two strategic hires in California, both based in the firm’s Los Angeles Representative Office. James (Jimmy) Lee has been appointed Senior Vice President and Head of California Commercial & Industrial, overseeing the bank’s California C&I team providing financial solutions to West Coast C&I clients. Kevin Kim has been appointed First Vice President and Relationship Manager for the California C&I team.
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Pacific Western Bank Announces Credit Facility To Truvian Sciences
September 14, 2021Pacific Western Bank today announced it has provided a $25 million debt facility to existing client, Truvian Sciences (“Truvian”), a healthcare company paving the way in the blood testing industry with its automated diagnostic system that provides lab-accurate results at point-of care. The company will utilize the facility to accelerate growth initiatives and to further advance the development of its automated benchtop blood testing system.
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Crestmark, the Commercial Finance Division of MetaBank®, Provides More Than $23.6 Million in Commercial Financing to 59 Businesses in the Second Half of August
September 13, 2021Crestmark, the Commercial Finance Division of MetaBank®, N.A., secured a total of $3,550,000 in ABL/factoring financial solutions for eight new clients; Crestmark Equipment Finance provided $6,484,462 in four new transactions; Crestmark Vendor Finance provided $4,413,415 in 43 new transactions; and the Government Guaranteed Lending group provided $9,250,000 in financing for four new clients in the second half of August.
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MidCap Financial Closes Senior Secured Credit Facility to Rand McNally
September 13, 2021MidCap Financial, a leading commercial finance company focused on middle market transactions, today announced it has provided a senior secured credit facility, comprising an asset-based revolving line of credit and term loan to Rand McNally (“Company”). Proceeds from the MidCap credit facility will be used as growth capital and to provide for the business’ ongoing working capital needs.
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ABC Carpet & Home Files Chapter 11
September 13, 2021ABC Carpet & Home, the four-story retail showroom based in Manhattan’s Flatiron District since 1897, is selling all of the company’s assets to 888 Capital Partners, a consortium of investors
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Oportun Announces Closing of $600 Million Warehouse Credit Facility
September 13, 2021Oportun Financial Corporation (NASDAQ: OPRT), an A.I.-driven financial services and technology company that provides hardworking people with access to responsible and affordable credit, today announced the closing of a new warehouse credit facility of $600 million, backed by a portion of Oportun’s unsecured and secured personal loans. The new facility includes commitments from Morgan Stanley Bank, N.A., Goldman Sachs Bank USA, Jefferies Funding LLC, and JPMorgan Chase Bank, N.A.
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Greenberg Traurig Expands Capabilities for Blockchain and Other Technology Transactions
September 13, 2021Global law firm Greenberg Traurig, LLP has added Shareholder William E. Turner II, to address increasing client demand for assistance with transactions and investments surrounding blockchain, other emerging technologies, and alternative financial models. Turner, who joined Greenberg Traurig's Chicago office and is part of the highly ranked Corporate Practice, focuses his practice on advising clients in commercial blockchain transactions, venture capital investments, and mergers and acquisitions
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Mountainside LLC Announces its Newly Formed Real Estate Lending Division and Closes Its First Deal
September 13, 2021Mountainside LLC is pleased to announce their first deal, a $1.5 million bridge loan to a well-known real estate developer in Houston, TX. Mountainside recently formed a real estate bridge loan division that will provide short-term financing for commercial and residential properties. Loan durations will be between six months to three years and will be in the $250,000 to $2 million range.
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Stonebriar Commercial Finance Closes a $64.5 Million Construction-to-Permanent Real Estate Financing
September 13, 2021Stonebriar Commercial Finance (“Stonebriar” or “the Company”) today announced the closing of a $64.5 million construction-to-permanent real estate financing with a premier real estate developer. This 85% loan-to-cost mortgage will finance the development of a triple-net, build-to-suit property for a tenant that the developer has successfully partnered with on prior projects.
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Maynards Industries’ Michael R. Ostrom Earns ARM Accredited Professional Designation
September 13, 2021Maynards Industries - Valuation Division is pleased to announce Michael R. Ostrom, ASA, CEA, ARM-MTS has earned the accredited professional designation of Appraisal Review & Management (ARM) within the Machinery & Technical Specialties discipline of the American Society of Appraisers.
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Gateway Trade Funding Provides a Purchase Order Facility to a Company Looking to Diversify into PPE
September 13, 2021Gateway Trade Funding, a PO and Trade Financing company, is happy to announce that we recently funded a $300,000 purchase order facility for PPE that was referred by a hedge fund. A hedge fund had a fish and tackle company client that needed additional financing. The company wanted to diversify and had created a new division to sell PPE. They secured orders from Canadian universities and hospitals but needed additional funding to fulfill the orders. The hedge fund turned to Gateway Trade Funding to see if their PO financing could help.
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MidFirst Business Credit Announces New Lending Relationship with Bison Metal Technologies, LLC.
September 13, 2021MidFirst Business Credit (MFBC) announced it has provided a $10 million working capital and term loan facility to Bison Metal Technologies, LLC. (“Bison”). Located in Shawnee, OK, Bison is a manufacturer of seamless copper commercial tube in a broad range of lengths and diameter sizes, including wound coils and straight lengths for air conditioning, refrigeration and heating applications.
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RF Capital Announces Revolving Credit Facility of up to $200 Million to Pursue Aggressive Growth Strategy
September 13, 2021RF Capital Group Inc. (the Company) (TSX: RCG) announced today it has secured a $200 million revolving credit facility (the Facility) with a syndicate of lenders (the Lenders). The initial authorized principal of the Facility is $125 million. The Facility also includes an accordion provision that will enable the Company to request increases in the total commitment, under the same terms, by an aggregate amount of up to $75 million, subject to the Lenders' approval.
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J D Factors Announces Factoring Facilities
September 13, 2021J D Factors announced it provided the following factoring facilities: $75,000 to a manufacturing company in Quebec; $75,000 to a transportation company in Georgia; $250,000 to a transportation company in Nevada and $75,000 to a transportation company in Alberta. $400,000 to a transportation company in Ontario.
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White Oak Commercial Finance Provides $17 Million ABL Facility to Desserts Manufacturer
September 13, 2021White Oak Commercial Finance, LLC (“White Oak”), an affiliate of White Oak Global Advisors, LLC, announced it provided a $17 million ABL credit facility to one of the nation’s largest manufacturers of baked desserts. The transaction was structured against the company’s working capital and fixed assets and the proceeds will be used to refinance existing debt, recapitalize the business, and provide working capital to support its continued growth.
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