- First Business Bank's Asset-Based Lending Team Funds $5.1 Million Credit Facility To Support Manufacturer Acquisition
- Energy Finance Veteran Bob Marcum Joins BRG as Managing Director in Energy & Climate Practice
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- Adams Street Partners Closes Third Private Credit Platform with $7.5 Billion of Capital
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Gerber Finance Launches Gerber+
Gerber Finance, a leading finance partner for companies experiencing accelerated growth, is expanding its portfolio and client offerings with the launch of Gerber+. This new division will service businesses seeking a higher level of funding ranging from $10 to $25 million. Gerber Finance currently focuses on facilities up to $10 million. Gerber is also announcing its first Gerber+ client, Molded Acoustical Products (MAP) of Easton, a full-service insulation manufacturing solutions company.
Gerber has established this new division alongside its parent company, eCapital Corp., ("eCapital"), a leading alternative finance provider, to help companies grow and achieve their mission by accelerating their access to capital. The new division will be led by Senior Vice President Entela Semini, who will serve as Northeast director of Gerber+.
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TSL Express Daily Headlines & News
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Trakopolis Provides Update on Credit Facility Amendment with ESW Holdings
August 8, 2019Trakopolis IoT Corp. (TSXV: TRAK) ("Trakopolis" or the "Company") wishes to provide an update on certain provisions contained in the agreement with ESW Holdings, Inc. ("ESW") amending its US$3.0 million senior secured credit facility (the "Amending Agreement"), as previously announced on August 2, 2019.
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Pacific Western Bank Enhances and Expands Venture Banking Group
August 8, 2019Pacific Western Bank is pleased to announce the addition of seven experienced venture banking team members to broaden its coverage of the venture capital community.
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Business Capital Delivers Financing for Leading Eco-Friendly Packaging Company
August 7, 2019Business Capital (BizCap) structured and delivered a multi-tranche credit facility, inclusive of an equipment term loan, for Everett Graphics, Inc. (EGI) and a revolving line of credit for its subsidiary, Tahoe Paperboard, which supplies EGI and other packing companies with custom sheeted paperboard.
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Continental Business Credit Provides $750,000 Asset-based Lending Facility to a Fast-growing Manufacturer and Distributor of Nutritional and Supplement Powders and Beverages
August 7, 2019The accounts receivable and inventory facility will be used to provide additional working capital to support its sales and marketing plan.
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US Capital Global Provides $8 Million Financing for Pioneering MedTech Company Medical Testing
August 7, 2019Headquartered in San Francisco, US Capital Global provides sophisticated debt, equity, and investment products to lower middle market companies and investors.
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Magnolia Financial Announces Recent Funding for two Southeast-based Companies
August 7, 2019The funding consisted of a $750,000 revolving line of credit to company that serves property managers in making vacant rental housing ready for new tenants and a $1,500,000 line of credit to an emerging manufacturer of medical devices.
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Barneys New York Secures Approximately $218 Million in New Financing from Brigade Capital Management and B. Riley Financial Following a Competition to Provide Fresh Capital
August 7, 2019This new agreement, which materialized earlier in the day, replaces the previously announced $75 million agreement with affiliates of Hilco Global and the Gordon Brothers Group and will refinance all of Barneys New York's existing secured indebtedness.
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OneWest Bank Names Rolland Mattoon as Director of Small Business
August 7, 2019In this position, Mattoon will oversee small business banking services and offerings across the OneWest branch network spanning from San Diego to Ventura County. He will report to OneWest's Head of Retail Branch Banking, Heather Ellison.
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King Trade Capital Provides $2 Million Financing To NY-based Fragrance Business
August 7, 2019King Trade Capital (“KTC”) is pleased to announce the completion of a $2MM purchase order facility for a fragrance company based in New York (the “Client”).
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PNC Bank Provides Financing to Commercial Fitness Equipment Manufacturer
August 7, 2019PNC Bank, National Association, announced today the closing of a $235 million senior secured credit facility to support New York-based KPS Capital Partners’ (KPS) acquisition of Life Fitness (the company).
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Gateway Trade Funding Announces the Completion of 15 Transactions For US Importers and Suppliers
August 7, 2019Gateway Trade Funding, a PO and Trade Financing company, is happy to announce that it recently completed purchase order transactions.
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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”).
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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.
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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.
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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.
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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.
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Latest SFNet Asset-Based Lending Index Indicates Steady Growth
August 7, 2019
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Great Rock Capital Closes $50 Million Senior Secured Credit Facility
August 6, 2019Capital to Fuel Company's New Business Growth Endeavors
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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.
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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.
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