Midwest Business Capital closed a $30MM revolving line of credit led by Texas Capital. With the new credit facility, Midwest is well-positioned to execute on market opportunities and organic growth of its asset-based lending portfolio.Based in Lisle...
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December 09, 2024, 07:00 AM
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MidCap Business Credit appointed Ryan Ray as Senior Vice President of its business development team. Ray has spent the last 15 years in asset-based finance in business development, most recently with Accord Financial. Ryan will be located in Chicago...
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October 08, 2024, 06:29 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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Wells Fargo Capital Finance appointed two senior leaders responsible for asset-based lending Originations and Syndications, further reinforcing its focus on providing valuable advice and expertise for the company’s commercial clients who are...
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June 10, 2024, 07:15 AM
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Economic twists and turns marked 2023 but the asset-based lending market still saw growth in commitments of working capital, according to data released by the Secured Finance Network (SFNet). And while there were fewer new client deals last year than...
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April 22, 2024, 07:00 AM
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Värde Partners, a global alternative investment firm specializing in credit and credit-related assets, announced that it committed $1.3 billion across its asset-based lending and diversified private credit platform in 2023. These investments...
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February 15, 2024, 07:00 AM
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The asset-based lending market held steady in the third quarter amid positive developments in the U.S. economy such as easing inflation, strong consumer spending and a solid job market, according to data released by the Secured Finance Network...
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January 05, 2024, 07:15 AM
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First Citizens Bank announced its Asset-Based Lending business, part of the bank’s Commercial Finance group, served as co-collateral agent on $75 million in financing for branded consumer products company Turning Point Brands Inc.Based in Louisville...
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December 01, 2023, 07:11 AM
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Mitsubishi HC Capital America, the largest non-bank, non-captive finance provider in North America, announced that Todd Witmer has joined the company as Senior Origination Leader, Asset-based Lending.Based in Southwest Michigan, Witmer will be...
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June 23, 2023, 07:15 AM
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Citizens provided an asset-backed credit facility to the Belknap White Group to refinance existing debt, provide funds to acquire the assets of Swiff-Train Corporation and support future growth. The new facility consolidates two separate facilities...
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May 18, 2023, 07:00 AM
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Steady confidence in the asset-based lending market marked the fourth quarter, according to data released by the Secured Finance Network. Lenders maintained a positive outlook despite persistent inflation and rising interest rates.SFNet surveyed bank...
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April 14, 2023, 07:00 AM
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Hancock Whitney has established a new companywide asset-based lending (ABL) division primarily serving 12 states across the southern United States. Mike Knuckles, an asset-based lending executive with decades of industry experience, will lead the...
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April 04, 2023, 07:05 AM
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Solifi, a global fintech software partner for secured finance, announced its newest technology partnership with Codat to make it easier for asset-based lending (ABL) firms to make smarter, faster and actionable credit decisions. Using pre-built APIs...
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January 10, 2023, 07:20 AM
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Mike Colloton, Vice President II – Asset-Based Lending at First Business Specialty Finance, LLC, a subsidiary of First Business Bank, announced a closed and funded $9.2 million revolving line of credit, equipment term loan and structured overadvance...
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December 20, 2022, 07:00 AM
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Accord Financial Corp., a U.S. and Canada independent commercial finance companies, announced a realignment plan to better support the organization’s continued growth among middle market businesses, uniting all U.S. commercial financing programs...
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November 18, 2022, 07:22 AM
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Michael Doyle, Vice President II – Asset-Based Lending at First Business Specialty Finance, LLC, a subsidiary of First Business Bank, announced a recently closed and funded $5.5 million revolving line of credit and equipment term loan for a contract...
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September 20, 2022, 07:07 AM
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Associated Bank announced new hires to its asset-based lending team. The asset-based lending team, under the leadership of Ray Temple who joined Associated Bank in September 2021, welcomes Keith Contole, John Todd, Jim Vargo and Mike Williams, who...
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August 24, 2022, 07:18 AM
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Wells Fargo & Company announced Mary Katherine DuBose as the head of the bank’s Secured Lending Division that includes asset-based lending, equipment finance, supply chain finance and inventory finance. DuBose reports to Kyle Hranicky, Chief...
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July 21, 2022, 07:25 AM
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Solifi, a global fintech software partner for secured finance, announced that Mountain Ridge Capital (MRC) selected and recently deployed Solifi’s asset-based lending (ABL) software solution. A startup ABL independent with seasoned finance executives...
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July 14, 2022, 07:19 AM
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CIT, a division of First Citizens Bank, announced it has hired Geoffrey Samuels as a Business Development Officer in its Asset-Based Lending business.Samuels will be based in Charleston, SC, with a focus on asset-based lending business development...
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July 12, 2022, 07:05 AM
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Crestmark, the Commercial Finance Division of MetaBank, N.A., secured a total of $25,950,000 in ABL/factoring financial solutions for 23 new clients; Crestmark Equipment Finance provided $16,094,651 in 20 new large ticket transactions and $6,435,042...
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June 16, 2022, 07:08 AM
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Solifi, a global fintech software partner for secured finance, announced its newest technology partnership with EQ Riskfactor, a global provider of risk management software for the commercial finance market (part of Equiniti Group), to provide...
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June 15, 2022, 07:18 AM
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Mitsubishi HC Capital America has named Bill Lyons as Origination Leader, Asset-Based Lending.Based in Michigan, Lyons will be responsible for business development across the Midwest. He will work primarily with small- and mid-sized businesses...
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June 09, 2022, 07:05 AM
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Crestmark, the Commercial Finance Division of MetaBank, N.A., announced it secured a total of $23,050,000 in ABL/factoring financial solutions for 19 new clients; Crestmark Equipment Finance provided $21,489,603 in 17 new large ticket transactions...
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February 16, 2022, 07:13 AM
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Solifi (formerly IDS), a global fintech software partner for secured finance, announced Sunflower Bank as its first client to move mission-critical asset-based lending (ABL) operations to the Solifi software-as-a-service (SaaS) platform. Solifi...
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December 01, 2021, 07:18 AM
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Crestmark, the Commercial Finance Division of MetaBank, announced that it provided more than $41.4 million in commercial financing to 51 businesses in the second of October. Crestmark secured a total of $18,247,152 in ABL/factoring financial...
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November 15, 2021, 07:20 AM
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Capital One announced it has served as administrative agent for a $1.2 billion senior secured asset-based revolving line of credit for EquipmentShare, a full-service equipment rental supplier for the construction industry. The revolver has a $800...
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September 02, 2021, 07:17 AM
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Asset-based lending did not experience the dramatic first-quarter bump evident in the broader economy, but grow it did, and so did lenders’ confidence in the market, according to data released by the Secured Finance Network (SFNet).The association...
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June 30, 2021, 07:20 AM
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CIT Group Inc. announced it has hired Blake Goddard as a Business Development Officer in its Asset-Based Lending business.Goddard will be based in Atlanta and focus on asset-based lending business development across the Southeast region, where he...
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May 20, 2021, 07:16 AM
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CIT Group Inc. announced that its Asset-Based Lending business committed to $25 million in financing while serving as joint lead arranger on an asset-based credit facility of up to $145 million on behalf of a commercial finance company serving...
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February 18, 2021, 07:05 AM
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Align Business Finance announced a trio of recent deals totaling $25.1 million, including a $17 million capital lease for a heavy construction company in California.In addition, the Align Business Finance provided:
$6.0 million senior secured term...
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November 19, 2020, 07:09 AM
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Crestmark announced it provided more than $24 million in commercial financing to 76 businesses in the second half of March. Crestmark Equipment Finance provided $3,654,190 in five new lease transactions; Crestmark Vendor Finance provided $5,048,790...
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April 13, 2020, 07:25 AM
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Crestmark announced it provided more than $32.5 million in commercial financing to 95 businesses in the second half of November.Crestmark Equipment Finance provided $8,866,343 in seven new lease transactions; Crestmark Vendor Finance provided...
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December 06, 2019, 07:20 AM
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Crestmark announced it provided more than $41 million in commercial financing to 69 businesses in the second half of July. Crestmark Equipment Finance provided $4,673,558 in four new lease transactions; Crestmark secured a total of $27,055,000 in ABL...
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August 06, 2019, 07:00 AM
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Crestmark announced it provided more than $31 million in commercial financing to 42 businesses in the second half of March. Crestmark Equipment Finance provided $7,765,598 in five new lease transactions; Crestmark Vendor Finance provided $3,771,554...
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April 03, 2019, 07:08 AM
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Crestmark announced it provided more than $15.1 million in commercial financing to 58 businesses in the second half of February.Crestmark Equipment Finance provided $1,829,207 in two new lease transactions; Crestmark secured a total of $1,700,000 in...
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March 06, 2019, 06:53 AM
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Hitachi Business Finance announced Scott Brown has joined its business development team, concentrating his efforts on attracting new factoring and asset-based lending clients across the United States.Brown is based in the Atlanta region and is...
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July 20, 2018, 07:20 AM
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Santander Bank announced Brian Schwinn has been appointed to head the bank’s asset-based lending (ABL) and restructuring finance business in its Commercial Banking division. Schwinn is responsible for growing Santander’s ABL business, a full-service...
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July 11, 2018, 07:25 AM
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Rodney Watts, the former chief investment officer of GDC Acquisitions LLC (GDC), was sentenced on April 24, 2014 in federal court in Brooklyn, New York, to 37 months in prison, to be followed by five years of supervised release. As part of the...
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April 28, 2014, 07:00 AM
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CIT Group announced that Todd Harrington has been named Northeast Regional Sales Manager of CIT Trade Finance. He reports to Marc Heller, Northeast Regional Manager and International Manager of CIT Trade Finance. “Todd is an asset to our team as we...
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April 29, 2013, 07:00 AM
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