In the midst of the Covid-19 pandemic and uncertain economic forecast, Concord Financial Advisors, LLC announces the closing of four senior debt transactions in the second quarter of 2020.

Startek Inc. (NYSE:SRT), a global provider of customer experience management solutions, has entered into an amendment agreement for its senior term loan and revolving credit facility. As part of the amended and restated facility agreement signed by one of its wholly owned subsidiaries, Startek has agreed to accede to the facilities agreement as an additional guarantor. The agreement continues to provide for a $140 million term loan facility along with a $20 million revolving credit facility.

Accord Financial Corp. ("Accord Financial") today announced the launch of its participation in the Export Development Canada (EDC) Business Credit Availability Program (BCAP) Guarantee. The EDC BCAP Guarantee provides eligible small and medium sized companies with loans of up to $6.25 million.

RTW Retailwinds, Inc. [OTC PINK:RTWI], an omni-channel specialty apparel retail platform for powerful celebrity and consumer brands, today announced that it and its subsidiaries (collectively, the “Company”) have filed voluntary petitions for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the District of New Jersey (the “Bankruptcy Court”). The Company has filed customary motions with the Bankruptcy Court that will authorize, upon Bankruptcy Court approval, the Company’s ability to maintain operations in the ordinary course of business, including, among other things, the payment of employee wages and benefits without interruption, payment of suppliers and vendors in the normal course of business, and the use of cash collateral.

Maxim Commercial Capital is pleased to report it funded hard asset-secured financings for small and mid-sized businesses (SMBs) in 30 states across the United States during the second quarter of 2020. After pivoting quickly in March to safer-at-home working conditions for its 30+ team members, Maxim experienced a steady increase in applications from equipment brokers and vendors for their borrowers with challenged credit.

Huntington Business Credit announced it closed a new $10,500,000 credit facility with Midwest Iron and Metal Company LLC on May 29, 2020. Midwest Iron and Metal Company LLC is owned by Merit Capital Partners, a private equity firm based in Chicago, Illinois. Proceeds of the facilities were used to refinance existing debt and provide ongoing working capital growth financing.

Siena announced $45M in new facilities. 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 and our Siena Healthcare Finance division delivered in Q2 2020. In firm news, we are excited to share two strategic moves to further grow and strengthen our team. Siena closed two deals for $25 million in the pharmaceuticals and beauty industries.

Hollywood Bed & Spring Mfg. Co., Inc., ("Hollywood" or the "Company") has acquired the Linwood Hospitality division ("Linwood") from Leggett & Platt, Inc. to become the leading supplier of bedding support products to the hospitality and contract markets. FocalPoint Securities, LLC ("FocalPoint") served as exclusive investment banker to the Company.

A Haynes and Boone, LLP deal team represented Austin-based AYRO, Inc. (Nasdaq: AYRO), a manufacturer of light-duty, emissions-free electric vehicles, in a $15 million registered direct offering of its common stock, which closed July 9, 2020. Founded in 2017, AYRO designs and manufactures compact, sustainable electric vehicle solutions for urban and community transport, local on-demand and last-mile delivery, closed-campus mobility, and government use.

Bed Bath & Beyond Inc. plans to close approximately 21% of its namesake stores, or 200 locations, over the next two years, the company announced Wednesday. The New Jersey-based home goods retailer, which also operates buybuy Baby, Harmon Face Values and World Market, said the closing stores would "mostly" be Bed Bath & Beyond stores during an earnings call with analysts.

Crestmark secured a total of $16,416,610 in ABL financial solutions for 14 new clients; Crestmark Equipment Finance provided $14,362,914 in four new lease transactions; Crestmark Vendor Finance provided $21,028,090 in 273 new lease transactions; and the Government Guaranteed Lending group provided $6,178,000 in financing for three new clients in the second half of June.

Global Net Lease, Inc. (NYSE: GNL) ("GNL" or the "Company") announced today that the Company, through certain of its subsidiaries, entered into a financing transaction with a syndicate of regional banks led by BOK Financial and borrowed an aggregate of $88 million secured by six (6) properties that are leased to Whirlpool Corporation, a Fortune 200 company with a Moody's credit rating of Baa1.

White Oak Commercial Finance, LLC (“White Oak”), an affiliate of White Oak Global Advisors, LLC, announced its Government Contracting Finance group provided an additional $4MM in factor-based credit facility funding to a Washington DC-based telecommunications contracting firm. White Oak’s partnership with the company began in 2003, and the additional funding was used to support the company’s continued growth.

Essential Energy Services Ltd. (TSX: ESN) (“Essential” or the “Company”) announces it has entered into an amending agreement to its June 26, 2018 credit facility agreement (together the “Amended Credit Facility”) with a syndicate of lenders comprised of National Bank of Canada, ATB Financial and Canadian Western Bank. The Amended Credit Facility provides Essential an extension of the maturity date of the revolving secured credit facility to June 30, 2022 along with revisions to certain terms and conditions.

Richard C. Kim, a corporate shareholder in the New York office of global law firm Greenberg Traurig, LLP, has been chosen as a recipient of the 2020 Secured Finance Network's (SFNet) 40 Under 40 Awards. Richard C. Kim, a corporate shareholder in the New York office of global law firm Greenberg Traurig, LLP, has been chosen as a recipient of the 2020 Secured Finance Network's (SFNet) 40 Under 40 Awards. According to SFNet, this global award recognizes "the best and brightest rising stars in secured finance."

Wolters Kluwer Lien Solutions has launched iLien for Main Street – a technology solution devoted to helping U.S. lenders optimize their due diligence and lien management efforts when securing loans for small and medium-sized businesses under the Main Street Lending Program (Program). The Program is part of the U.S. Coronavirus Aid, Relief, and Economic Security Act (CARES Act).

TradeCap Partners recently facilitated the closing of a $350,000 Purchase Order Finance Facility for an importer of Paper Products based in Minnesota. The introduction was made to TradeCap through a factoring partner that had worked with the Company for close to a decade.

Bay Point Advisors announces it has provided a multi-tiered, senior secured debtor-in-possession loan (“DIP Loan”) to Hannah Solar, LLC. The funds will allow Hannah Solar to consolidate its existing secured debt and obtain the working capital necessary to fund its operations during its reorganization process.

Lincoln International is pleased to announce that The Araz Group, Inc. (d/b/a HealthEZ), a leading independent third-party administrator (TPA) of self-funded medical plans, has received an investment from Abry Partners LP, a private investment firm focused on investing in and building market-leading middle market businesses

National Bank of Commerce (NBC), has expanded its commercial banking team by repositioning Cammy Hansen to VP – Senior Commercial Banker. She has been with the bank for nine years and in her new role will be responsible for building relationships with commercial customers to help the local businesses and communities prosper.