TSL Express Daily Articles & News

Halfway through 2019, growth in the middle market is decidedly strong. Year-over-year revenue growth remains high at an 8.5% rate, with more than three-quarters of firms (77%) reporting gains over the past 12 months.

Throughout June, 275 community projects were completed by 1,700 CIT employees who contributed 6,400 volunteer hours nationwide to make a difference.

MidFirst Business Credit (MBC) is pleased to announce that Kevin Poff has joined its team as a business development officer in Nashville, Tennessee.

The Company operates four skilled nursing facilities in Texas and is focused on the individual who needs healthcare services after his/her hospital stay.

The fund was oversubscribed and met its cap of USD $610 million in total capital commitments. This brings DW Healthcare Partners' total capital under management to USD $1.43 billion.

OnDeck® (NYSE: ONDK), the leader in online lending for small business, today announced the appointment of Lonnie Hayes as the Head of Sales and Strategy for ODX, a wholly owned subsidiary of OnDeck that assists banks with streamlining and digitizing small business credit origination.

Gina will be based in New York City and will be responsible for sourcing new business opportunities by providing asset-based and factoring working capital facilities to commercial entities in the Northeastern United States with annual revenues of $2 million to $150 million.

These companies will use the financing provided by PrimeArc to purchase materials, fund expansion initiatives or meet payroll / operational expenses. These new facilities range in capacity from $10,000 to $400,000.

The 2-year facility supported by Volt’s US and UK receivables allows for up to USD $115 million in funding with a $35 million sublimit for letters of credit.

The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25), which reports economic activity from 25 companies representing a cross section of the $1 trillion equipment finance sector, showed their overall new business volume for June was $9.9 billion, up 9 percent year-over-year from new business volume in June 2018.

Evans brings over 20 years of finance and sales management experience to the bank. Evans was a top producer and received several awards growing financial portfolios in various markets in the US, Canada and abroad.

Encina Equipment Finance (EEF) announced today that it has upsized its senior credit facility to $250 million in total commitments.

World Fuel Services Corporation (NYSE: INT) today announced that it has successfully amended its unsecured credit facility, increasing the overall facility to $1.8 billion and extending the term of the credit facility to July 2024.

Maxim Commercial Capital is pleased to announce it provided hard-asset secured financing to 129 small and mid-sized businesses (SMBs) during the second quarter of 2019.

Lendio, the nation’s leading marketplace for small business loans, announced the acquisition of Billy and the launch of its bookkeeping software for small businesses.

Byline Bancorp, Inc. (NYSE: BY) announced that Tim Hadro has announced his desire to retire and step down as Chief Credit Officer effective July 31, 2019. He will remain an advisor with the Company and assist in the transition.

Columbia Bank (NASDAQ:COLB) announced that it has hired industry veteran and long-time Eugene market leader Jeff Singer. For the past 23 years, Jeff held multiple positions at Umpqua Bank, including his most recent position as Senior Commercial Relationship Manager.

Evans brings over 20 years of finance and sales management experience to the bank. Evans was a top producer and received several awards growing financial portfolios in various markets in the US, Canada and abroad.

Chesswood Group Limited ("Chesswood") (CHW.TO) is pleased to announce the recent closing of a new funding facility with Sun Life Assurance Company of Canada ("Sun Life") for our subsidiary Pawnee Leasing Corporation ("Pawnee").

Chung brings over 27 years of bay area banking experience to Pinnacle Bank. She began her career with Wells Fargo and had been with Boston Private Bank and Trust in Palo Alto for the past 13 years.