New Capital to Support Strategic Acquisition and Drive Future Growth  

Great Rock Capital, an asset-focused commercial finance company specializing in middle market lending, today announced that it has provided $100 million of liquidity to SkyWater Technology (“SkyWater”), a publicly traded company on the Nasdaq Stock Exchange (NASDAQ: SKYT).

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 more than $125 million in financing activity to five companies during the first half of 2025

In April, U.S. Bank announced Dan Son as the new head of its Working Capital Finance division. Son replaces Sam Philbrick, who retired after 45 years in banking, including 18 years at U.S. Bank in which he helped grow the asset-based finance business into a top national franchise. 

Son is responsible for the development, coordination and delivery of working capital solutions from across the bank for clients. The Working Capital Finance division includes several established product verticals, including: Asset-Based Finance; Supply Chain Finance & Receivables and Trade Services.

SFNet’s Factoring Market Sector Update webinar on July 9 featured panelists representing industries including staffing, retail, healthcare and e-Commerce to discuss current trends and challenges.

Tina Capobianco, senior vice president, Operations, J D Factors served as moderator. Panelists included: Scott Adler, senior EVP, national regional manager, Merchant Financial; Andrew Barone, senior vice president, Rosenthal Capital Group; Terry O’Connor, executive vice president & treasurer, Single Point Capital; Ben Rutkevitz, senior vice president, Alleon Capital Partners, LLC; and Max Toledo, executive vice president-chief marketing officer, Bridgeport Capital Services.

Factoring continues to be a relationship-based business offering speed and flexibility for clients, but as industries change new challenges and opportunities arise.

TAB Bank has added Sam Cirelli as Vice President, Business Development, to strengthen the Northeast lending team. Based in New York, Cirelli has spent over 30 years as a corporate lender and advisor to small and mid-sized companies. He managed, directed, and closed more than $10 billion in loan commitments across 700 transactions in multiple industries.

In today’s competitive landscape, companies across industries are seeking ways to unlock higher productivity, employee engagement, and long-term performance. One increasingly effective and research-backed strategy is shifting from fixing weaknesses to developing strengths and helping individuals do more of what they naturally do best.

Members of SFNet’s Supply Chain Finance Committee, including Bryan Ballowe, managing partner, TradeCap Partners; Tony Brown, principal, The Trade Advisory; Alan Eliasof, CEO, Prestige Capital; Bob Grbic, founder and president, Bearbrook Corporate Advisors LLC and Megan Slovak, SVP, underwriting manager, Rosenthal Capital Group, sat down for a discussion about global trade tensions, tariff wars, factoring innovation, and supply chain risk.
    This discussion was written in anticipation of SFNet’s upcoming Supply Chain Finance Conference which will be held September 8 at Greenberg Traurig in New York City. The event will offer a more in-depth look at supply chain finance. For more information and to register, please click here.