TSL Express Daily Articles & News

Hilco Enterprise Valuation Services is excited to announce the addition of Anthony (Tony) Tabb to the Hilco Global team. Mr. Tabb will serve as Managing Director in the recently launched Disputes and Investigations practice of Hilco Enterprise Valuation Services.

SLR Business Credit provided a $1 million accounts receivable credit facility. The funds were used to pay off the previous lender and provide additional ongoing working capital for the company.

Access Capital is pleased to share news of its latest transaction with Logical Maintenance Solutions (“LMS”) and its holding company, Ovation LMS LLC (“Ovation”). LMS is based in Irvine, California and provides service solutions for multi-vendor IT computer equipment and peripherals for customers in the federal, commercial, industrial, and retail industries.

Runway Growth Capital LLC ("Runway"), a leading provider of growth loans to both venture and non-venture backed companies seeking an alternative to raising equity, today announced the close of a term loan commitment of $13 million to Dejero, a telecommunications aggregator of diverse connectivity paths including LTE and 5G cellular, satellite and broadband to deliver enhanced reliability, expanded coverage, and greater bandwidth using cloud-based technology.

Oxford Finance LLC (“Oxford”), a leading specialty finance firm that provides senior debt to life sciences and healthcare services companies worldwide, is announcing the closing of a $50 million senior secured term loan with OncoResponse (“the Company”), a clinical-stage biotech company advancing immunotherapies derived from the immune systems of elite cancer responders.

Stone Point Capital LLC and R. Seelaus & Co., Inc. have partnered to create Seelaus Financial ("the Company"), a women-owned and managed leveraged finance platform. Seelaus Financial will be the first women-owned platform capable of underwriting, structuring, arranging and distributing leveraged loans on a committed and best-efforts basis.

Velocity Capital Group (VCG), a leading provider of same-day capital advances to small businesses, has secured a multi-draw term funding line of credit with Arena Investors, LP, a global institutional alternative asset manager. The line of credit will provide VCG with a borrowing capacity of up to $50 million and a deep pool of capital from which to expand its business, further strengthening VCG's ability to provide funding for small business merchants.

Star Mountain Capital, LLC ("Star Mountain"), a specialized investment manager, with approximately $2.5 billion in assets under management, focused exclusively on investing in established, private small and medium-sized North American businesses (lower middle-market), is pleased to announce that Dennis Duerst has joined as a Senior Advisor. Star Mountain Senior Advisors / Operating Partners are aligned with Star Mountain’s full-time team and investors through sharing in investment profits and through their personal capital invested.

Assembled Brands is pleased to announce that Jeffrey Mangiafico has joined its team as Vice President in New York. In this role, Mangiafico is responsible for strategic business development and leveraging his deep industry knowledge to grow the Assembled Brands lending portfolio.

Rosenthal & Rosenthal, Inc., the leading factoring, asset-based lending, purchase order financing, d2c and e-commerce inventory financing firm in the U.S., today announced that Ying Yang has been named Senior Vice President and Director of Business Development on Rosenthal’s purchase order financing team, in addition to her current factoring and asset-based lending responsibilities.

eCapital Commercial Finance’s (“eCapital”) Asset Based Lending division, today announced the issuance of a $6 million CAD asset-based line to a Canada-based building materials and flooring company servicing both retail and wholesale clients. The company selected eCapital for its competitive rate, flexible structure and ability to provide fast access to working capital.

BankFinancial announced today the establishment of a Convertible Accounts Receivable Financing/ABL Credit Facility to a Minnesota based leader in metal fabrication, sheet metal and stamping serving global industrial, agricultural, and commercial equipment customers. The recapitalization with extended availability allows the Client to scale production and add capacity to meet growing demand.

Crestmark, the Commercial Finance Division of MetaBank®, N.A., secured a total of $23,050,000 in ABL/factoring financial solutions for 19 new clients; Crestmark Equipment Finance provided $21,489,603 in 17 new large ticket transactions and $5,329,571 in 50 new small ticket vendor transactions; and the Structured Finance group provided $11,266,000 in financing for eight new clients in the month of January.

BizCap® (Business Capital since 2002), a national commercial finance and advisory firm, today announced it has opened an office in Dallas, marking another milestone in its national geographic expansion plan. Leading the growth effort for the new Dallas office is David Schubel, BizCap’s vice president of originations.

The health and wellness industry are flourishing and Sallyport is excited to be part of this growth, providing a $5,000,000 finance package for a North American manufacturer of health drink products. The Canadian client with a U.S. subsidiary, produces nutritional health drinks aimed at the over forties which promote muscle recovery, improve energy levels and increase strength.

The Halifax Group (“Halifax”) has announced an investment in Case Facilities Management Solutions (“Case FMS” or the “Company”), a leading provider of snow and ice management and commercial landscaping services across the United States, with financing provided by Maranon Capital (“Maranon”). Case FMS provides its industry leading services to some of the largest multi-site commercial customers in the country.

Franklin Capital is pleased to announce the completion of a $1,000,000 factoring facility for a UK headquartered piping supplier. A broker in the UK recently connected us with a well-established UK headquartered piping supplier. The company was looking to have its US operations stand-alone but lacked the working capital to accept and fulfill several large new contracts.

Lighthouse Financial Corp. is pleased to announce the completion of a $2,500,000 credit facility for North Carolina-based manufacturer and distributor of athletic equipment. Since its inception in 1967, the company has never wavered from its primary mission: to provide innovative products that feature superb design, exceptional engineering, superior materials, precision hand craftsmanship, and rigorous quality control.

Dykema, a leading national law firm, today announced that it is expanding its presence in Texas with a new Houston office. The office, which is Dykema’s 14th nationwide, has come to fruition with the recent joining of top business litigators Isaac Villarreal and Andy Green.

Bluegreen Vacations Holding Corporation (NYSE: BVH) (OTCQX: BVHBB) (the “Company" or “BVH”) announced today that its wholly owned subsidiary, Bluegreen Vacations Corporation (“Bluegreen”), has expanded and extended its syndicated credit facility with Fifth Third Bank. The amended and restated facility provides for total borrowings of up to $300 million, consisting of a term loan of $100 million and a revolving line of $200 million, and matures in February 2027.