- Gulf Coast Business Credit Welcomes 2019 Summer Interns
- 12five Capital, LLC
- Fifth Third Bancorp Introduces New Investment Banking Capabilities for Renewable Energy Industry
- Birch Lake Holdings, LP
- Chubb and the National Center for the Middle Market Release New Research Findings Measuring Growth, Capital Investment, Confidence and Key Risks Facing Middle Market Companies
Siena Lending Group LLC (“Siena”) announces the completion of a $14.6 million asset-based revolving line of credit and term loan for Innovative Hearth Products (“IHP”). The facility was used to refinance certain debt and to provide additional working capital to support IHP’s long-term growth initiatives.
TSL Express Trending Story
In May, BMO Harris Bank announced that it had hired Michael Ganann as Managing Director, Retail Originations, Asset-Based Lending. In this role, he will lead the coverage efforts in calling nationwide on BMO clients and prospects in the retail industry.
TSL Express Daily Headlines & News
Pure Gold Secures US$90 Million Construction Finance Package and Announces Construction Decision for Madsen Red Lake Mine
August 7, 2019Pure Gold Mining Inc. (TSX-V: PGM, LSE: PUR) (“Pure Gold” or the “Company”) is pleased to announce closing of a US$90 million project financing package (the “Financing”) with Sprott Resource Lending Corp. (“Sprott”).
Halcón Resources Files for Court Approval of Prepackaged Plan of Reorganization
August 7, 2019Halcón Resources Corporation (OTC PINK: HKRS) (“Halcón” or the “Company”) and its subsidiaries today announced that they filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the Southern District of Texas.
ObsEva SA Announces $75 Million Credit Facility with Oxford Finance LLC
August 7, 2019ObsEva SA (NASDAQ: OBSV / SIX: OBSN), a Swiss clinical-stage biopharmaceutical company focused on the development and commercialization of novel therapeutics for serious conditions that compromise a woman’s reproductive health and pregnancy, today announced the closing of a $75 million senior secured credit facility with Oxford Finance LLC, a specialty finance firm that provides senior debt to life sciences and healthcare services companies.
TAB Bank Provides Drone Manufacturing Company in California with a $10 Million Asset-Based Credit Facility
August 7, 2019TAB Bank is pleased to announce it has provided a $10 million asset-based revolving credit facility for a drone manufacturing company located in California. The new facility is extended through a multi-year agreement and will provide for the company’s ongoing working capital needs.
Artis Trade Systems Adds Independent Lender
August 7, 2019Artis Trade Systems (“Artis”) announces it added another client to ArtisPay©, Artis’ supply chain finance (SCF) software platform. On July 29th, Artis entered into an agreement with an independent lender based in Florida.
Upland Software Completes $410 Million Financing Transaction
August 7, 2019Upland Software, Inc. (UPLD), a leader in cloud-based enterprise work management software, today announced it has entered into a new credit agreement that provides $410 million in term and revolving loan facilities to refinance existing debt and to provide additional capital for growth.
Vivint Solar Secures New $325 Million Credit Facility Lowering Cost of Debt
August 7, 2019Leading full service residential solar provider announces lender commitment to warehouse debt facility to fund continued growth.
Latest SFNet Asset-Based Lending Index Indicates Steady Growth
August 7, 2019
Great Rock Capital Closes $50 Million Senior Secured Credit Facility
August 6, 2019Capital to Fuel Company's New Business Growth Endeavors
Sterling National Bank Provides $15,500,000 of Working Capital and Acquisition Financing to Wing Inflatables, Inc.
August 6, 2019The credit facilities provide financing for a strategic acquisition and will provide working capital for the company going forward.
North Mill Equipment Finance LLC Attains All-Time High in Originations for July
August 6, 2019North Mill Equipment Finance LLC (“North Mill”), a leading independent commercial equipment lessor located in South Norwalk, Connecticut, announced today yet another record-breaking month in originations as the company posted $15 million of aggregate volume in July.
Allied Affiliated Funding Provides $3 Million in Receivables and Inventory Financing
August 6, 2019An existing client of Allied received an acquisition opportunity with an assignment for the benefit of creditors sale and was seeking financing for the purchase, along with ongoing working capital for their operations and growth.
MUFG Expands Food & Beverage Practice, Hiring Three Senior Restaurant Finance Bankers
August 6, 2019Christopher Addison, Shawn Janko, Jake Nash to Join Bank as Managing Directors
CIT Serves as Lead Arranger on $60 Million Financing for Carolina Restaurant Group
August 6, 2019CIT Group Inc. (NYSE: CIT) announced that it served as sole lead arranger of a $60 million financing for Carolina Restaurant Group (CRG), operators of 108 Wendy’s restaurant franchises across North Carolina and South Carolina.
Crestmark Provides More Than $41 Million in Commercial Financing to 69 Businesses in the Second Half of July
August 6, 2019Crestmark secured a total of $27,055,000 in ABL financial solutions for 13 new clients; Crestmark Equipment Finance provided $4,673,558 in four new lease transactions; Crestmark Vendor Finance provided $6,870,396 in 49 new lease transactions; the Joint Ventures Division provided $1,369,370 for one new client; and the Government Guaranteed Lending Division provided $2,010,000 in financing for three new clients in the second half of July.
Travis Smith Joins ENGS Commercial Capital
August 6, 2019In this role, Travis will be responsible for new business origination and other business development objectives in the southeastern U.S.
OneWest Bank Launches Back to School Program with Local Boys & Girls Clubs
August 6, 2019Through the Bank on Building a Brighter Community campaign two-and-a-half hours of tutoring will be donated for every qualifying checking account opened
Rosenthal Provides $2M Production Finance Facility for Cosmetics Company
August 6, 2019Rosenthal & Rosenthal, Inc., today announced the completion of a recent $2 million purchase order finance facility to support the production financing requirements of a California-based cosmetic and beauty products company.
Rhett Bentley Joins UMB Capital Finance
August 6, 2019UMB Capital Finance is pleased to announce that Rhett Bentley has joined its business development team as a Senior Vice President - Asset Based Lending.
Vcheck Global Announces the Opening of D.C. Office and New Senior Level Hires
August 6, 2019Vcheck Global opens new D.C. office to service significant growth in the background check and due diligence market and makes two strategic hires.
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