TSL Express Daily Articles & News

Anvil Capital Partners today announced final close of an $11,000,000 senior secured loan facility to Vermilion Cliffs Partners supporting the acquisition of producing assets in the Permian basin.

From spreadsheets to the latest floorplan finance software: new technology has transformed service levels and increased customer demand at a Minnesota-based bank.

In this newly created role, he will be responsible for managing, implementing, and evaluating credit policy initiatives as well as analyzing and structuring commercial credit for clients across multiple industry sectors.

MidCap Business Credit announced today they have closed on a $5,500,000 Asset Based Credit Facility for Mitchell Rubber Products, LLC.

Grant Thornton LLP has named Jim Peko as the national managing principal of its Advisory Services practice. In this role, he will oversee the strategic direction and operations of the firm’s advisory-services offerings.

Peter Lowney, President of First Business Capital Corp., announced a recently closed and funded $6,100,000 credit facility including a revolving line of credit, equipment term loan, and a real estate term loan for a commercial door manufacturer company located in Wisconsin.

Amerisource Business Capital announced the closing and funding of a $5,000,000 credit facility for a manufacturing company based in Texas which supports the LNG industry. Proceeds of the facility were used to refinance the Company’s existing bank revolver and term facility and for additional growth capital.

Sallyport Commercial Finance extends a $1,000,000 Accounts Receivable facility to an industrial machining company targeting the aerospace and commercial sectors in the Pacific Northwest.

JCW Search, Inc. (“JCW”) was originally formed in 2007 by CEO Jamie Woods in London, launching an operation in NYC in 2012 as its first foray into the USA market. The company has been substantially investing in its growth in Europe and the US as well with additional locations in Frankfurt, Austin, TX and Los Angeles, CA.

A’GACI, an innovator in the fast fashion apparel industry since 1971, is closing all 54 stores in the US and Puerto Rico. A’GACI filed for Chapter 11 Bankruptcy protection this morning and retained a joint venture of SB360 Capital Partners (www.sb360.com) and Hilco Merchant Resources (www.hilcomerchantresources.com) to liquidate the stores. “Going Out of Business” Sales begin today in all A’GACI locations.

Mark T. Reitzes has been named Executive Vice President and Head of Commercial Banking for Northwest Bank, according to Ronald J. Seiffert, Northwest Chairman, President and CEO.

Trakopolis IoT Corp. (TSXV: TRAK) ("Trakopolis" or the "Company") wishes to provide an update on certain provisions contained in the agreement with ESW Holdings, Inc. ("ESW") amending its US$3.0 million senior secured credit facility (the "Amending Agreement"), as previously announced on August 2, 2019.

Pacific Western Bank is pleased to announce the addition of seven experienced venture banking team members to broaden its coverage of the venture capital community.

Business Capital (BizCap) structured and delivered a multi-tranche credit facility, inclusive of an equipment term loan, for Everett Graphics, Inc. (EGI) and a revolving line of credit for its subsidiary, Tahoe Paperboard, which supplies EGI and other packing companies with custom sheeted paperboard.

The accounts receivable and inventory facility will be used to provide additional working capital to support its sales and marketing plan.

Headquartered in San Francisco, US Capital Global provides sophisticated debt, equity, and investment products to lower middle market companies and investors.

The funding consisted of a $750,000 revolving line of credit to company that serves property managers in making vacant rental housing ready for new tenants and a $1,500,000 line of credit to an emerging manufacturer of medical devices.

This new agreement, which materialized earlier in the day, replaces the previously announced $75 million agreement with affiliates of Hilco Global and the Gordon Brothers Group and will refinance all of Barneys New York's existing secured indebtedness.

In this position, Mattoon will oversee small business banking services and offerings across the OneWest branch network spanning from San Diego to Ventura County. He will report to OneWest's Head of Retail Branch Banking, Heather Ellison.

King Trade Capital (“KTC”) is pleased to announce the completion of a $2MM purchase order facility for a fragrance company based in New York (the “Client”).