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TSL Express Daily Articles & News
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Dan Karas Appointed Executive Vice President at Allied Affiliated Funding
Axiom Bank, N.A., a Maitland-based, leading community bank, recently appointed Dan Karas as EVP of Allied Affiliated Funding, the Bank’s factoring and asset-based lending division. In this role, Karas will be responsible for guiding the division and driving its initiatives toward continuing growth.
Karas’ commercial lending expertise spans nearly four decades with national and regional banks. In his most recent role at a Dallas-based community bank, Karas helped create its commercial finance businesses and expand its commercial lending platforms and grew profitability.
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TSL Express Daily Headlines & News
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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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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
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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.
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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.
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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.
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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
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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.
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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.
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Dan Roderigues Joins Diamond Business Credit
August 6, 2019Diamond Business Credit is excited to announce that Dan Roderigues has joined the firm to lead the new business development effort.
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LBC Credit Partners Supports the Acquisition of Alabama Controls
August 6, 2019LBC served as Agent and Sole Lead Arranger for the senior secured credit facility.
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Bristow Group Files Plan Of Reorganization And Disclosure Statement
August 6, 2019Reaffirms Plan to Emerge from Chapter 11 in Fourth Quarter Calendar 2019
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New York's Iconic Luxury Department Store Chain Barneys Files for Bankruptcy
August 6, 2019Barneys secured $75 million in new financing from affiliates of Hilco Global and the Gordon Brothers Group to help it keep operating as it navigates the bankruptcy court, it said in a statement.
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CIT Names Ken Martin as Managing Director of Small Business Solutions Unit
August 5, 2019CIT Group Inc. today announced that Ken Martin has joined the company as managing director of the Small Business Solutions unit, which is part of its Business Capital division, effective immediately.
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Trakopolis Enters into Amending Agreement for Secured Term Credit Facility
August 5, 2019Trakopolis IoT Corp. announces that it has entered into an agreement with ESW Holdings, Inc., its senior secured lender, in respect of its US$3.0 million secured credit facility.
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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
August 5, 2019Together with the National Center for the Middle Market (NCMM), which is housed at The Ohio State University Fisher College of Business, Chubb has published a summary of findings from the Middle Market Indicator (MMI) report.
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Huntington Business Credit Deal Announcement
August 5, 2019Huntington Business Credit announced it closed new credit facilities with Xpress Global Systems, LLC on May 15, 2019.
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GridLiance Closes $185 Million Debt Financing
August 1, 2019GridLiance, an independent electric transmission company, today announced that its subsidiary, GridLiance Western Holdings, and transmission company, GridLiance West, closed on two new revolving credit facilities with commitments totaling $185 million.
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Blank Rome Welcomes Seasoned Consumer Financial Services Partner in New York
August 1, 2019Scott represents financial institutions, corporations, and other entities, providing regulatory counsel related to mortgage banking and consumer financial services matters.
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