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  • MetaBank’s Christopher Soupal Named Division President, Head of Commercial Finance
    June 29, 2021
    MetaBank®, N.A., an industry leading financial enablement company, announced the promotion of Christopher Soupal to Commercial Finance Division President. He will report to Brett Pharr, co-president and Chief Operating Officer of MetaBank. Soupal brings more than 20 years of finance and capital management experience to the new role. He will lead all aspects of Commercial Finance, including the Crestmark and AFS/IBEX divisions as well as commercial operations.
  • Marquee Brands Plans for Growth Within Maternity Brands with Secured Credit From Second Avenue Capital Partners
    June 29, 2021
    Second Avenue Capital Partners, LLC (“SACP”) (www.secondavecp.com/) closed on a $10,000,000 senior secured credit facility to the leading maternity apparel sister brands Motherhood Maternity and A Pea in the Pod within the Marquee Brands portfolio. The credit facility will be used for general working capital purposes and will provide the company with additional liquidity for future expansion to implement post-pandemic digital growth initiatives.
  • Sallyport Propels Wholesale Business with $1.5MM in Funds
    June 29, 2021
    Sallyport is delighted to have been able to support a longstanding contact with $1,500,000 in accounts receivable finance to propel their wholesale business to the next level. The client needed funds to pay an overseas supplier for a large order, in full, prior to goods being shipped.
  • Bridgewater Bank Welcomes Joseph Birkholz as Chief Risk Officer
    June 29, 2021
    Bridgewater Bank, a leading Twin Cities bank focused on meeting the unique needs of successful individuals and entrepreneurs, today announced the addition of Joseph Birkholz to its team as Chief Risk Officer. Joseph joins Bridgewater with over 15 years’ experience in various enterprise risk management capacities. Joseph most recently served as Senior Vice President of Risk Operations at TCF Bank (nka Huntington Bank), where he led teams across operational risk, vendor risk and risk operations disciplines.
  • Agility Capital Provides Follow-On Financing to Violet Grey
    June 29, 2021
    Agility Capital today announced it has provided follow-on financing to Violet Grey, a direct to consumer personal beauty platform. The Company’s unique value proposition is centered around its community of beauty experts. In addition to a best-in-class editorial team, the Company engages Hollywood’s leading beauty experts — a network of 150+ world-class makeup artists, hair stylists, estheticians, dermatologists, and celebrity influencers with a combined social reach of 23M+ — to test and approve their curation of the industry’s best products.
  • MidCap Financial Issuer Trust Announces Pricing of $400 Million Notes Offering
    June 29, 2021
    MidCap Financial Issuer Trust (the "Company") today announced that it priced its offering of $400 million aggregate principal amount of 5.625% senior notes due 2030 (the "Notes") in a private offering that is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"). The offering is expected to close on June 30, 2021, subject to certain conditions.
  • New Business Development VP Taylor Kennedy Joins Gibraltar’s Southwest Team
    June 28, 2021
    Gibraltar Business Capital welcomes Taylor Kennedy as the newest member of our expert business development team. Based out of Dallas, Texas, Taylor is a VP managing the Southwest Region for Gibraltar and will report to Mike Conrad, who was recently promoted to a Team Leader role.
  • Franklin Capital Partners with a Bank for a $750,000 Factoring Facility
    June 28, 2021
    Franklin Capital is pleased to announce the completion of a $750,000 factoring facility for a chilled packaging company referred by a bank. An eco-friendly chilled packaging company needed financing to increase their working capital availability and fulfill orders to food delivery companies and stores such as Freshly and Hello Fresh. First, they turned to their local bank, which was unable to provide them with financing at the current time. The bank introduced them to Franklin Capital.
  • Tiger ‘Buy Now’ Online Event Offers
    June 28, 2021
    Continuing its longstanding partnership with Keslow Camera, Tiger Group today launched a ‘Buy Now’ online sale featuring over 300 lots of digital cameras, lenses, monitors, matte boxes and gear accessories from this leading film and television industry equipment rental company. The sale features a selection of digital cameras from Arri, Panasonic, Red, and Sony; lenses from Angenieux, Arri, Canon, Century, and Zeiss; monitors from Marshall, Teradek and TV Logic; matte boxes from Arri; as well as heads, memory, filters, and other accessories from leading manufacturers.
  • Nicole Lorch Named President of First Internet Bancorp, Bank
    June 28, 2021
    First Internet Bancorp (the “Company”) (Nasdaq: INBK) announced today that the Board of Directors has appointed Nicole Lorch as President and Chief Operating Officer of the Company as well as its subsidiary, First Internet Bank (the “Bank”), effective at the close of business on June 30, 2021. David B. Becker will remain as Chairman and Chief Executive Officer of both the Company and the Bank.
  • Think Research Announces Increased Credit Facility
    June 28, 2021
    Think Research Corporation (TSXV: THNK) ("THINK" or the "Company"), a company focused on transforming healthcare through digital health software solutions, is pleased to announce that it has entered into an amended credit agreement (the "Credit Agreement") with National Bank of Canada ("NBC" or the "Lender") that provides for a $15 million revolving credit facility and a $10 million revolving acquisition facility for an aggregate total availability of up to $25 million.
  • Alida Secures US$10 Million Debt Facility From Comerica Bank
    June 28, 2021
    Alida (formerly Vision Critical), creator of the world’s first CXM & Insights Platform has secured a US$10 million debt facility from Comerica Bank (NYSE: CMA). The financing was provided by Comerica Bank’s Technology and Life Sciences Division. The funds provide Alida with access to additional working capital and will also contribute to Alida’s aggressive growth strategy and ambitious roadmap centered around delivering market-leading solutions in the Customer Experience Management (CXM) space.
  • Adam Schwartz Joins Amherst Pierpont as Head of Structured Credit Business
    June 28, 2021
    Amherst Pierpont Securities LLC, a market-leading independent fixed-income broker-dealer, today announced the appointment of Adam Schwartz to Managing Director and Head of the firm's Structured Credit Business. Mr. Schwartz, who joined the company on June 21, 2021, will continue to advance Amherst Pierpont's strategic initiatives in the CLO and structured credit markets at a pivotal time in the practice's growth trajectory.
  • Abacus Finance Provides Senior Debt Financing to Support the Acquisition of Maury Microwave by Artemis Capital Partners
    June 28, 2021
    Abacus Finance Group, LLC – a leading provider of cash flow-based, classic senior debt for sponsor-led buyouts of companies with $3 million to $15 million in EBITDA – today announced that it served as Senior Secured Credit Facilities Administrative Agent and Lead Arranger for senior secured credit facilities to support the acquisition of Maury Microwave by Artemis. Abacus made an equity co-investment in Maury Microwave.
  • CIT Provides $42 Million in Financing for Dry Bulk Fleet
    June 28, 2021
    CIT Group Inc. (NYSE: CIT) today announced that its Maritime Finance business is providing $42 million in financing for a portfolio of seven dry bulk vessels. Dynamic Bulk Holdings, a leading dry bulk shipping operator, will use the loan to refinance existing debt on its fleet of seven Handymax vessels.
  • J D Factors Announces Factoring Facilities
    June 28, 2021
    J D Factors announced it provided the following factoring facilities: $150,000 to a transportation company in Alberta; $75,000 to a transportation company in Ontario; $400,000 to a transportation company in Illinois; $200,000 to a transportation company in New Hampshire...
  • Par Hawaii Refining Taps GA Global Partners to Assist with Sale of Surplus Machinery and Equipment
    June 28, 2021
    GA Global Partners, LLC, the wholesale and industrial subsidiary of B. Riley Retail Solutions, will conduct a live public online auction of surplus machinery and equipment of the Par Hawaii Refining, LLC (www.parhawaii.com) Kapolei, Hawaii facility on Thursday, July 8th, 2021.
  • Bridge Bank Extends $2.5 Million Credit Facility to NORCAL Ambulance
    June 28, 2021
    Bridge Bank today announced its East Bay Commercial & Industrial (C&I) Banking Group has extended a $2.5 million credit facility to NORCAL Ambulance, a specialty-care transport company administratively based in Livermore, Calif. with stations throughout Northern California. The new credit facility will be used to expand NORCAL Ambulance's operations with $2 million allocated for new ambulances and $500,000 for gurneys.
  • VerticalScope Refinances its Existing Senior Secured Credit Facility in Connection With Initial Public Offering
    June 28, 2021
    VerticalScope Holdings Inc. ("VerticalScope" or the "Company") (TSX: FORA) announced today that it had entered into an amended and restated credit agreement (such agreement, the "A&R Credit Agreement"), amending and restating the Company's existing credit agreement (the "Existing Credit Agreement") with Capital One, National Association, as sole lead arranger, sole bookrunner and administrative agent, and HSBC Bank Canada, National Bank of Canada and Royal Bank of Canada, as co-syndication agents.
  • BlackRock TCP Capital Corp. Announces Extension of and Certain Amendments to Its Revolving Credit Facility
    June 28, 2021
    BlackRock TCP Capital Corp. (NASDAQ: TCPC) (“TCPC” or the “Company”) announced today the extension of its SVCP Credit Facility (the “Facility”) by two years to May 6, 2026. Other amendments to the Facility terms include a reduction in the stated interest rate to LIBOR plus 1.75%, subject to certain borrowing base conditions. The Facility is led by ING Capital LLC and includes a total of 7 bank participants.
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