nFusion Capital and Iron Horse Credit announced the funding of a $5.5 million line of credit to a wholesaler of kitchenware, chinaware, and kitchen accessories. The financing will support the Company’s working capital needs and provide a steady flow...
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November 07, 2024, 05:45 AM
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MidCap Business Credit completed a $7.5 million asset-based line of credit to a food importer and distributor located in the Northeast. The revolver is supported by advances against accounts receivable and inventory. Sourced and closed out of...
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October 16, 2024, 07:08 AM
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Wintrust Business Credit closed an asset-based lending (ABL) line of credit for SmithFoods, a Midwest-based manufacturer of dairy products. After a divestiture that reshaped the company’s focus, SmithFoods was looking for the right banking partner as...
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October 16, 2024, 07:00 AM
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Abacus Finance Group, served as Senior Secured Credit Facilities Administrative Agent and Lead Arranger to support Achieve Partners in its leveraged buyout of Ascend Partners. Additionally, Abacus Finance Group made an equity co-investment in Ascend...
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October 16, 2024, 05:00 AM
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Cautious optimism marked the second quarter in the asset-based lending market as banks and other lenders saw a rise in new-deal activity, according to data released by the Secured Finance Network. They continued to monitor signs of cooling in the U.S...
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October 01, 2024, 07:05 AM
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KBRA released updated research that examines the resilience of its ratings for fund finance structures and rated notes employed by middle market corporate lending funds.The private credit market, in particular the direct lending and infrastructure...
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September 24, 2024, 07:04 AM
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A California-based, national staffing firm wanted a new financing partner after its incumbent bank opted not to renew its current line of credit due to the size of the credit facility, as the bank chose to focus on mid-market clients. The company...
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September 24, 2024, 06:00 AM
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