TSL Express Daily Articles & News

J D Factors provided $7,900,000 in new factoring facilities to 35 new clients in the US and Canada during the month of November. Some of these facilities include: a $300,000 factoring facility for a staffing company in Tennessee and a $250,000 factoring facility for a transportation company in Washington.

J D Factors provided $7,900,000 in new factoring facilities to 35 new clients in the US and Canada during the month of November. Some of these facilities include: A $500,000 factoring facility for a transportation company in Ohio. A $300,000 factoring facility for a staffing company in Tennessee.

J D Factors provided $7,900,000 in new factoring facilities to 35 new clients in the US and Canada during the month of November. Some of these facilities include: A $750,000 factoring facility for a transportation company in Illinois and a $500,000 factoring facility for a transportation company in Ohio.

J D Factors provided $7,900,000 in new factoring facilities to 35 new clients in the US and Canada during the month of November. Some of these facilities include: A $600,000 factoring facility for an apparel company in North Carolina; a $750,000 factoring facility for a transportation company in Illinois.

Expansion Capital Group, LLC (“ECG”) is pleased to announce its billionth dollar in funding, reinforcing its mission to support the “Expansion” of America’s Small Businesses with simple and efficient capital. Since inception in 2013, ECG has provided services to over 20,000 small businesses across multiple industries nationwide.

Key findings include: Q3 showed continued economic growth with the GDP expanding by 5.2%, with much of the growth driven by consumer spending. With this as a backdrop, the secured finance industry continued to hold steady in total commitments with a modest 0.2% growth in Q3 relative to Q2 while portfolios remain healthy with non-accruals

Encina Private Credit (“EPC”) is pleased to announce Mike Hensinger has been named Chief Executive Officer, effective immediately. Hensinger has also joined the EPC Board of Directors. Mike joined EPC in June 2022 as President and Chief Commercial Officer to lead originations, syndications, and product development where he helped drive double digit growth in the business.

Rosenthal & Rosenthal, Inc., the leading factoring, asset based lending, purchase order financing, d2c and e-commerce inventory financing firm in the United States, today announced the completion of two purchase order financing transactions totaling $3.75 million.

Outdoor furniture company RST Brands has sold as a going-concern to Surya, the global household furnishings brand, in the latest turnaround by Tiger Group’s Advisory Services division.

CIBC Innovation Banking announced today that it has provided Senior Credit Facilities to CourseKey, a leading student success and retention platform for trade and vocational education programs.

FTI Consulting, Inc. (NYSE: FCN) today announced the expansion of its Energy & Industrials Business Transformation practice with the appointments of Satish Damodaran and Alejandro Vanags as Senior Managing Directors within the firm’s Corporate Finance & Restructuring segment.

Guggenheim Securities, the investment banking and capital markets division of Guggenheim Partners, announced today that Brent Surber has joined the firm as a Senior Managing Director to strengthen its capital markets capabilities within its investment banking division. Mr. Surber is based in the firm’s New York office.

Hilco Global, the diversified financial services, investment, and asset management company, today announced the appointment of two Hilco operating company leaders to the role of Co-President at the holding company.

The $100,000 relationship is expandable and consists of a working capital line of credit and a vendor support letter with a key co-packer partner.

Rockland Trust’s Security Finance Group announced that it has provided a $5 million growth capital facility to Advanced Electronic Systems, LLC (“AES”). This financing will enable AES to continue to provide top of the line security products and services through ongoing growth strategies.

Legacy Corporate Lending, LLC (“Legacy”), an independent asset-based lending (ABL) company focused on serving the needs of middle market companies across North America, today announced the addition of a new team member, Donna Dawson as the firm’s Senior Director of Operations.

​InterNex Capital provided a $7 million revolving line of credit to a freight brokerage founded by industry veterans as a spin-off from an established trucking and logistics company.

Briar Capital Real Estate Fund LLC is pleased to announce the hiring of Larry Ellis as Senior Vice President, Business Development. Based in Houston, TX, Ellis will be responsible for sourcing new business in Texas and the Southwest United States.

J D Factors provided $7,900,000 in new factoring facilities to 35 new clients in the US and Canada during the month of November. Some of these facilities include: A $1,500,000 factoring facility for a transportation company in Quebec. A $600,000 factoring facility for an apparel company in North Carolina.

Eden Capital, a New York–based private equity firm focused on technology, business services, and education, is pleased to announce that Misty Frost has joined as its newest Operating Partner. Frost is an accomplished CEO and former global marketing executive.