Stenn International has closed a seven-figure trade receivables finance program for a trading company based on the Westcoast that sources sporting goods from the Asia-Pacific region. This new financing program is being used to free up working capital to support sales expansion. Golf is one of the industries to flourish during the coronavirus outbreak. Beyond courses and clubs, other consumer-focused sectors in golf are also thriving during the pandemic.

Hilco Global has issued a timely and relevant report examining the shift in the balance of value between tangible and intangible assets that has taken place among large corporations, and how data driven insights and thorough management of a technology patent portfolio can lead to the realization of significant value for companies seeking access to additional sources of liquidity. Best Practices for Valuation, Assertion and Monetization of Technology Patent Assets, authored by Gillian McColgan of Hilco IP Merchant Banking, discusses the process for properly assessing and valuing technology patents as well as the painstaking steps that must be undertaken to both establish defensible patents and demonstrate infringement.

Rosenthal & Rosenthal, Inc., the leading factoring, asset-based lending and purchase order financing firm in the U.S., today announced the completion of a recent $500,000 purchase order finance facility to support the production financing requirements of a California-based cosmetics and beauty products company.

Express Trade Capital Inc. is pleased to announce a new $5MM letter of credit facility to assist the production of PPE. The client – an apparel industry mainstay – was using our factoring and PO funding facilities for several years before pivoting to produce PPE during COVID. The client needed to fulfill immediate orders and replenish stock but was uncomfortable leaving large deposits overseas before ensuring that goods were produced and passed quality inspections.

Ancon celebrated its 52nd year in business during 2020. With humble beginnings in the Ports of Los Angeles and Long Beach, Ancon has expanded its business over the past 52 years beyond the port, into Industrial and Environmental Cleaning, with 10 operational locations across the US and service all major US Refineries and Power Plants.

A&G Real Estate Partners—an advisory firm specializing in lease restructuring, real estate sales and auctions nationwide—captured two major awards at the 12th Annual Turnaround Atlas Awards Ceremony, a virtual event held on January 22. Most notably, the Melville-based firm won the coveted “Outstanding Restructuring Real Estate Firm of the Year” award at the independently governed program administered by Global M&A Network, which honors best value-creating transactions, outstanding firms, professionals and leaders from the global restructuring, insolvency, and distressed investing communities. Delayed by the pandemic, the January 2021 program honored projects completed in 2019.

Piermont Bank, a tech-enabled digital commercial bank headquartered in New York City, is pleased to announce that Marianne McGoldrick has joined the bank as Chief Credit Officer. Ms. McGoldrick will oversee Piermont Bank’s credit administration, including credit approval process, loan policies, and procedures, while ensuring its lending portfolio’s overall quality. She and her team will be safeguarding Piermont’s culture of prudent risk management.

As part of its strategic path forward, Knotel has reached an agreement to sell the business to an affiliate of Newmark Group, Inc. (Nasdaq: NMRK) ("Newmark"), a leading full-service commercial real estate firm. The Company has also made the decision to exit multiple locations in the U.S. as part of the process. Milbank LLP and Fenwick & West LLP are serving as legal counsel and Moelis & Company LLC is serving as investment banker to Knotel

TCF Capital Solutions, a division of TCF National Bank (“TCF”), announced that TCF has acquired BB&T Commercial Equipment Capital, Corp. (“CEC”), which includes a portfolio of approximately $1 billion of equipment finance leases and loans. CEC was Truist Bank’s national small-ticket equipment leasing and finance business. Approximately 60 employees from Truist/CEC have joined the TCF team as a result of the transaction.

Siena Lending Group continues to be a leader in the asset-based lending industry, consistently finding creative ways to offer our clients maximum flexibility and liquidity. We are proud to provide this overview of the financing solutions that Siena delivered in Q4 2020. Siena Lending Group and Siena Healthcare Finance both had busy quarters, closing a combined 10 deals totaling $135 million in facilities. For the year, we completed 25 transactions totaling more than $285 million.

TD Bank, America's Most Convenient Bank®, announced today that it has combined its previous Commercial and Corporate and Specialty Banking teams to create a new Commercial Bank. The new Commercial Bank will drive growth, deliver a better client and colleague experience and create efficiencies.

eCapital Corp. (“eCapital”), a leading alternative finance provider in North America to small and medium-sized businesses, today announced that it has named James Poston as chief sales officer. Poston brings more than 14 years of expertise in receivables financing and asset-based lending to this role. He will oversee eCapital’s sales strategy, drive business development and create unified revenue generation processes across the organization throughout the United States and Canada.

Today, PacWest Bancorp and Pacific Western Bank announced the first step of a Senior Leadership Transition Plan to be realized over the next three years. The plan involves the retention of Matthew P. Wagner as President and Chief Executive Officer through December 31, 2023, after which it is anticipated that he will transition to the role of Executive Chairman of PacWest Bancorp.

Sallyport Commercial Finance provides a $500,000 accounts receivable financing facility to support a growing distributor of flooring products. Partnering with their existing inventory lender, Sallyport was able to free up working capital and provide essential receivable management services to help the business succeed.

Celtic Capital Corporation today announced its most recent new client relationship – an Ohio- based nurse staffing company that was a former Celtic Capital borrower. This client originally came to Celtic Capital in 2017 and paid off our line of credit in 2018 after obtaining a line with a bank. During a difficult 2019 (losses), the Company’s owner paid off the bank line at the bank’s request.

CIFC Asset Management LLC (“CIFC”), a $30 billion alternative credit specialist serving institutional investors globally, today announced that Rebecca Levy has joined the firm as a Managing Director in its Investor Solutions Group. Most recently, Ms. Levy served as a Senior Portfolio Advisor at Aksia LLC. In this new role, Ms. Levy will strengthen CIFC’s Investor Solutions Group as the firm continues to scale its business, create tailored solutions for clients, and develop new institutional relationships. Based in New York, Ms. Levy reports to Jim Boothby, Managing Director and Global Co-Head of Business Development.

Apollo Global Management, Inc. (NYSE: APO) (together with its consolidated subsidiaries, “Apollo”) today announced it has been recognized as a Best Place to Work for LGBTQ Equality by scoring 100% on the Human Rights Campaign Foundation’s 2021 Corporate Equality Index (CEI), the nation’s foremost benchmarking survey and report on corporate policies and practices related to LGBTQ workplace equality.

Global investment firm The Carlyle Group (NASDAQ: CG) today announced that its Global Credit platform led and structured the debt financing package to support Blue Point Capital Partners’ acquisition of Cleveland-based Transtar Holding Company, a global leader in transmission and driveline-related solutions. Carlyle’s middle market lending strategy, Carlyle Direct Lending, acted as administrative agent, sole lead arranger and sole bookrunner on the financing. Carlyle’s direct lending team is an active provider of private credit solutions across the capital structure, including senior secured loans, unitranche loans and junior debt.

Dave, the banking app on a mission to create financial opportunity that advances America’s collective potential, announced today that it has secured a $100 million credit facility from Victory Park Capital (“VPC”), a leading global alternative investment firm. The funding will support the growth of Dave’s banking product and accelerate the company’s expansion into new products and features.

Antares today announced that it closed more than 220 transactions in 2020, issuing nearly $14 billion in financing commitments to middle market private equity-backed companies. In a record Q4, the firm closed 120 transactions with commitments of $9.3 billion, supporting the refinancing, leveraged buyout and add-on acquisition activity of both new and existing borrowers.