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- Sallyport Commercial Finance Provides a $1 Million Factoring Facility for a Growing Canadian Manufacturer
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Otterbourg Appoints Six as Equity Members, Most in Firm’s History; Three Promoted to Counsel
Otterbourg P.C. is pleased to announce the election of six new equity members, the most the firm has ever promoted in one year. The new Shareholders are David Castleman, Pauline McTernan, Nicholas Palazzolo, Michael Regina, Michael Rich and Lena Surilov. In addition, Otterbourg has named Gabriela Leon, Michael Maizel and Michael Pantzer to counsel.
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5 Key Strategies for Building a Successful Factoring or ABL Platform
Building a factoring or asset-based lending (ABL) platform that maximizes value and attracts capital requires more than operational success. A solid foundation that positions the business for growth, efficiency, and sustainability is crucial. Whether you're looking to secure capital through banks, non-bank lenders, or investors, here are five essential strategies to build and grow a high-performing factoring or ABL business.
TSL Express Daily Headlines & News
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AFS Closes a $4MM AR & Inventory Revolver Facility for a Specialty Plant-Based Food Manufacturer
May 5, 2025Austin Financial Services, Inc. (AFS) is pleased to announce the closing of a $4 million accounts receivable and inventory revolver facility for a specialty food manufacturer focused on plant-based food products.
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Mitsubishi HC Capital America Unveils New Website to Enhance User Experience and Accessibility
May 5, 2025Mitsubishi HC Capital America, the largest non-bank, non-captive finance provider in North America, is proud to announce the launch of its newly redesigned website, aimed at providing an improved and more intuitive user experience.
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VSE Corporation Completes Refinancing of Term Loan and Revolver
May 5, 2025VSE Corporation (“VSE” or the “Company”) (NASDAQ: VSEC), a leading provider of aviation aftermarket distribution and repair services, today announced the successful refinancing of its Term Loan A and Revolving Credit Facility.
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J D Factors Provides $12,560,000 Million in New Factoring Facilities to 41 New Clients
May 5, 2025J D Factors provided $12,560,000 in new factoring facilities to 41 new clients in the US and Canada during the month of April. Some of these facilities include: a $1,500,000 factoring facility for a petrochemical inspection company in Texas and a $450,000 factoring facility for a transportation company in South Carolina.
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JPalmer Collective Provides $7 MM Working Capital Line of Credit to Children’s Furnishings and Toy Company
May 5, 2025JPalmer Collective (JPC), an asset-based lending company committed to funding high-growth women-led and natural products companies, today announced the closing of a line of credit to a woman-owned, children’s furnishings and toy company. The company will use the funds to continue to innovate and expand its diverse line of parent-loved products
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MidCap Financial Closes a $40 Million Senior Secured Credit Facility to Bedrock Manufacturing Company
May 5, 2025MidCap Financial, a leading commercial finance company focused on middle market transactions, today announced it has provided a $40 million senior secured credit facility to Bedrock Manufacturing Company, LLC (“BMC” or the “Company”).
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Generative AI at Cornell Brings Emerging Technology To Equipment Finance
May 5, 2025In Spring 2025, members of Generative AI at Cornell partnered with QuickFi® to explore how generative AI could solve two growing operational challenges: the tedious manual verification of borrower insurance certificates, and the difficult and sometimes inconsistent background checking of vendors supplying equipment to borrowers.
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Jones Day Advises Wells Fargo on Two Credit Agreements
May 5, 2025Jones Day represented Wells Fargo Bank, National Association, as administrative agent, in connection with the amendment and restatement of a $4 billion senior unsecured revolving credit facility for Realty Income Corporation, a Maryland corporation and publicly traded real estate investment trust; AND in a $1.38 billion senior unsecured credit agreement.
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Abacus Finance Provides Senior Debt Financing to Support the Leveraged Buyout of Marcy Laboratories by LFM Capital
May 5, 2025Abacus Finance Group, LLC – a leading provider of cash flow-based, senior debt for sponsor-led investments in lower middle-market companies – today announced that it served as Senior Secured Credit Facilities Administrative Agent to support the leveraged buyout of Marcy Laboratories by LFM Capital. In addition, Abacus Finance Group made an equity co-investment in Marcy Laboratories.
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CohnReznick Brings on Assurance Partner Nocco
May 5, 2025CohnReznick today announced that Paul Nocco, CPA, has joined the firm as an assurance partner who will focus on serving clients in the Commercial Real Estate industry. Based in Denver, Nocco brings more than 25 years of experience in financial analysis and reporting, auditing, internal control policies and procedures, and strategic planning.
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High-Caliber Lenses, Digital Cameras and Other AV Assets Go to Auction May 13-15
May 5, 2025Tiger Group today announced its largest audiovisual sale so far in 2025—a three-day auction featuring more than 2,000 lots of cameras, lenses, accessories and other gear from The Camera Division.
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Eiffel Investment Group Commits Financing to reVenton to Support 1.2 GW Renewable Energy Pipeline in Germany
May 5, 2025Houlihan Lokey, Inc. (NYSE:HLI), the global investment bank, announced today that Andy Hull has joined as a Managing Director and Head of Midstream in the firm’s Oil & Gas Group. Based in Houston, Mr. Hull will lead and further enhance the firm’s midstream coverage.
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First Citizens Bank Wins Two Gold Stevie® Awards for Renewable Energy Financings
May 5, 2025First Citizens Bank today announced that it has won two gold Stevie® awards for business excellence in the 23rd annual American Business Awards competition.
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Short Sellers Bet Against Private Credit Lenders
May 5, 2025Hedge funds are betting that trade wars, a shrinking economy and rising strain among borrowers will begin to hit private credit in the US. So far, the gamble’s paying off.
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Doral Renewables Secures Additional $100 Million Letter of Credit Facility
May 5, 2025Doral Renewables LLC ("Doral") has successfully closed a $100 million corporate Letter of Credit facility. The Letters of Credit are expected to primarily be used for new interconnection and power purchase agreement obligations incurred during development of the Company's projects.
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Eldridge Capital Management Expands Capital Formation Group with Industry Veterans, Leo van den Thillart and Robert White
May 5, 2025Eldridge Capital Management, an alternative investment firm and a division of Eldridge, has appointed Leo van den Thillart as Global Head of Capital Formation and Robert (“Bob”) White as Head of Capital Formation, Americas.
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Advanced Flower Capital Renews Senior Secured Revolving Credit Facility with Lead Commitment from FDIC-Insured Bank
May 5, 2025Advanced Flower Capital Inc. (NASDAQ: AFCG) (“AFC”) today announced that it has renewed its senior secured revolving credit facility (“Credit Facility”) with a lead commitment from an FDIC-insured bank with over $75 billion of assets. AFC intends to use availability under the Credit Facility to fund unfunded commitments to existing borrowers, to originate and participate in commercial loans to cannabis operators in line with its investment strategy, and for working capital and other general corporate purposes.
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Aypa Power Closes Upsizing of Existing Credit Facility to $1.05 Billion
May 5, 2025Aypa Power, a Blackstone portfolio company and leading developer, owner, and operator of utility-scale energy storage and hybrid renewable energy projects, today announced the successful upsizing of its corporate credit facility, originally closed in July 2024.
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Runway Growth Capital Promotes Avisha Khubani to Managing Director of Portfolio Analytics
May 5, 2025Runway Growth Capital LLC ("Runway"), a leading provider of growth loans to venture and non-venture-backed companies, today announced the promotion of Avisha Khubani to Managing Director of Portfolio Analytics.
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Cadence Bank Completes Merger with FCB Financial Corp.
May 5, 2025Cadence Bank (NYSE: CADE) today announced the successful completion of its previously announced merger with FCB Financial Corp., the bank holding company for First Chatham Bank, a Savannah, Georgia-based community bank. The merger enhances Cadence's growing presence in Savannah and Coastal Georgia while deepening the commitment to serving customers and communities.
The Secured Lender
SFNet's The 81st Annual Convention Issue

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