TSL Express Daily Articles & News

Mountain Ridge Capital ("MRC") (www.mountainridgecap.com), an asset-based commercial finance company is pleased to announce the successful oversubscribed upsize of its asset-based lending (ABL) facility, from $200 million to $400 million, agented by Wells Fargo Capital Finance. This increased capacity, which is backed by a syndicate of premier banks, will support MRC’s growth in serving the middle market ABL space in 2026 and beyond.

A Florida-based private label company has secured a $750,000 invoice financing facility from Prestige Capital to support ongoing working capital needs. The transaction was referred by a long-standing referral partner with deep knowledge of the company and its financing requirements.

Essex Capital Group, Inc. is pleased to announce that it served as buyside financial advisor to Gulf Coast Bank & Trust in connection with its acquisition of a commercial factoring portfolio for total consideration of $26.24 million. The transaction expands Gulf Coast’s commercial finance platform with an established, yield-accretive portfolio and a complementary client base.

Dechert LLP announced today that Leahana Grimley has joined the firm as a partner in its corporate and securities practice, based in the San Francisco office. Her arrival augments the firm's private equity and M&A capabilities on the West Coast and adds significant cross-border transactional experience to Dechert's globally integrated platform.

Sterling Infrastructure, Inc. (NasdaqGS: STRL) ("Sterling," "we," "our" or "the Company") today announced that it entered into a second amendment and restatement of its credit agreement, which, among other things, extends the maturity of its credit facility to July 2031, expands the size of the credit facility, and provides additional flexibility for ongoing and future operations.

BankUnited Inc. (NYSE: BKU) announced it has hired Chad Loar to lead commercial banking as executive vice president, responsible for leading the bank’s commercial business throughout Florida, New York, New Jersey, Texas and the Southeast.

CODIX, the global lending technology company behind the iMX platform, announced a partnership with LoanWatch, a US-based technology company specializing in advanced borrowing base and ineligibles calculation for asset-based lenders. The partnership brings together two complementary platforms to deliver an optimized, automated workflow for ABL lenders across North America.

SouthStar Capital recently closed an accounts receivable financing facility for a government contracting company supporting the aerospace and defense industry.

Utica Equipment Finance has hired Ben Carapezzi and Todd Witmer as Managing Directors of Sales, growing its origination team at a time when the company is working through one of the busiest pipelines in its history.

CohnReznick, a leading professional services firm, today announced that Cindy Sutton has joined the firm as Partner and Chief People & Culture Officer. In this role, Sutton will lead the firm’s people and culture strategy, with a focus on enhancing employee experience, talent development, and organizational performance.

Blank Rome LLP is pleased to announce that Margaret E. Talt has joined the firm’s New York office as an associate in the Real Estate practice group, which recently welcomed associate Spencer G. Emanuel in June. Margaret joins Blank Rome from Barclay Damon LLP.

Entrepreneur Growth Capital (“EGC”) is pleased to announce the closing of a $15 million asset based line of credit to a 50+ year-old, Wisconsin based consumer products company (“the Company”).

Mitsubishi HC Capital America, a leading provider of financing and asset solutions across North America, has been selected as a preferred lender for CMC North America, a leading provider of sales, distribution, and services for aerial platforms and other related products.

CapFlow Funding Group is pleased to announce the funding of a $3,000,000 invoice factoring facility for a California-based artificial intelligence (AI) software-as-a-service (SaaS) company. The facility will provide the working capital necessary to support rapid growth, scale operations, invest in talent acquisition, and meet increasing customer demand.

Culain Capital Funding, LLC ("Culain Capital") announced the successful closing and funding of a $1 million accounts receivable financing facility for a California-based staffing and employment services company serving commercial and industrial clients throughout the state.

Camden National Bank, a community bank serving customers since 1875, today announced three executive appointments that strengthen its commercial banking leadership and enhance support for clients across Northern New England.

Nscale today announced it closed a $900 million revolving credit facility (the "Facility"), providing flexible liquidity to accelerate its AI data center build-out and capital deployment across the US, Europe, and APAC.

Vectra Bank Colorado is pleased to welcome Ty Aslin to the Executive team as Director of Commercial Banking. In this role, Ty will lead the organization focused on companies with revenues greater than $10MM. He will be responsible for market strategy, driving sales performance, senior credit oversight, and further strengthening Vectra Bank's relationships across the Colorado business community.

TradeCap Partners, LLC ("TradeCap"), a leading provider of purchase order funding, is pleased to announce the closing of a $5 million purchase order funding facility for a U.S.-based recreational sporting goods manufacturer.

When a leading advanced alloys manufacturer needed to refinance its existing loan and add newly acquired equipment to its facilities, it chose to continue its relationship with Loeb. The decision reflected the company’s positive experience with Loeb’s speed, flexibility, and expertise in industrial equipment financing. Loeb delivered a tailored financing solution designed to support continued growth.