WSFS Bank, the primary subsidiary of WSFS Financial Corporation, announced the hire of Brooke Moyer as Senior Vice President and Director of Loan Syndications, reporting to Jim Gise, SVP, Middle Market, Syndications and Capital Markets. In his role...
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April 19, 2024, 07:15 AM
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Eastern Funding LLC, a financial lender to laundromats and other businesses, announced Cameron Clark has joined the company as a Loan Officer.Clark, an experienced industry veteran with over 18 years on experience, previously managed a successful...
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March 06, 2024, 07:00 AM
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Post Road Equipment Finance (PREF, formerly known as Encina Equipment Finance) announced it has provided a $50 million loan to a global contract development manufacturing organization (CDMO) to finance new and existing manufacturing equipment.PREF...
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February 05, 2024, 07:10 AM
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KKR announced that funds and accounts managed by its credit business have led the purchase of a $7.2 billion portfolio of super-prime recreational vehicle (RV) loans from BMO Bank, part of BMO Financial Group (“BMO”). Concurrently with the sale, BMO...
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December 19, 2023, 07:15 AM
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Jeremiah Z. Smith, President and Chief Executive Officer of First Northern Bank, announced T. "Joe" Danelson, 65, is retiring as Executive Vice President/Chief Credit Officer effective March 31, 2024. Danelson joined First Northern Bank in January of...
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November 01, 2023, 07:05 AM
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PNC FIG Advisory, part of PNC Capital Markets LLC, announced an expansion to its client offerings through the introduction of PNC Asset Exchange, an online loan resource and marketplace for financial institutions. PNC Asset Exchange is powered by...
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August 17, 2023, 07:18 AM
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Clarus Capital announced it has completed a new $25 million loan facility for an established, family office backed private aviation platform. Clarus CEO Steve O’Leary said, “Clarus’ financing solution allows the client to expand its fleet in order to...
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April 18, 2023, 07:00 AM
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AdvancePoint Capital, LLC continues expanding its services. Given that restaurant ownership is a difficult proposition—most fail within the first five years— the company believes that providing access to capital and education can help more restaurant...
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April 05, 2023, 07:20 AM
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eBizLoans.com, an online lender for small businesses located in Huntington, NY, and its founder Marc Arner, announced the company has recently surpassed a significant milestone of funding over 20,000 small businesses across the United States.Since...
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March 16, 2023, 07:00 AM
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Customers Bank announced the launch of a new Loan Syndications Banking Team, expanding the bank’s lending services for middle market businesses and lead deals to support the bank’s existing and future national lines of business.The Loan Syndications...
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February 17, 2023, 07:12 AM
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Horizon Technology Finance Corporation, a specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services, and sustainability...
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July 13, 2022, 07:15 AM
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Great Southern Bank announced it has opened a new loan production office (LPO) in Charlotte, NC, which represents the eighth LPO in the company’s franchise. Charles “Chip” Brinkman, a Charlotte banking veteran, has been hired as Market Manager and is...
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June 07, 2022, 07:18 AM
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Great Southern Bank announced it has opened a new loan production office (LPO) in Phoenix, AZ, which represents the seventh LPO in the company’s franchise. Justin Lutz, a Phoenix banking veteran, has been hired as Market Manager and is responsible...
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February 24, 2022, 07:13 AM
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Pitney Bowes Inc., a global shipping and mailing company that provides technology, logistics and financial services, announced the Pitney Bowes Bank has signed a term loan and accompanying revolving line of credit with Zion Delivery Service, Inc...
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February 10, 2022, 07:12 AM
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Kroll Bond Rating Agency (KBRA) released its Equipment Loan & Lease indices for August.The equipment loan and lease securitization sector continued to display positive credit performance during the July collection period (based on August remittance...
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September 13, 2021, 07:05 AM
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The 2021 institutional U.S. loan default rate forecast has been lowered to 1.5 percent from 2.5 percent, reflecting continued capital market confidence as constricted sectors re-open, according to a new Fitch Ratings report."The anticipated 1.5...
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June 24, 2021, 07:15 AM
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Fourshore Partners announced its acquisition of a majority stake in Genesis Capital Finance, a specialty finance company that provides commercial loans to independent owner operators in the long-haul trucking industry. Established in 2011, Genesis...
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March 15, 2021, 07:19 AM
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Stonebriar Commercial Finance announced the closing of an $11 million loan with a market-leading media, technology and content management company engaged in providing hardware and software solutions to the casual and upscale dine-in restaurant...
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October 06, 2020, 07:18 AM
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Pioneer Capital Group announced a major expansion of its capacity to provide financing solutions for small to mid-sized businesses (SMBs). The company has added staff, relocated to the historic Ponce City Market in Atlanta, and expanded its customer...
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August 29, 2019, 07:10 AM
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Balboa Capital released findings from its new survey that show 75 percent of small business owners are familiar with unsecured business loans, and 60 percent acquired their loans from non-bank lenders.The survey was conducted to gauge small business...
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August 21, 2019, 07:10 AM
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Invoice2go and Square Capital announced a partnership that gives Invoice2go customers in the United States a fast, seamless way to access the funding they need to grow their business – from right inside their Invoice2go mobile app. This partnership...
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April 22, 2019, 07:15 AM
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Overseas Shipholding Group, Inc. (OSG), a provider of energy transportation services for crude oil and petroleum products in the U.S. Flag markets, announced two subsidiaries have closed on a financing from Wintrust Commercial Finance, a division of...
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November 28, 2018, 07:20 AM
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BNB Bank announced it will use PayNet’s Credit History Report and MasterScore v2 to digitize the bank’s loan approval process. PayNet will help BNB automate loan approvals, thereby decreasing turnaround time, improving customer experience and...
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November 15, 2018, 07:10 AM
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Huntington Bank is the nation's largest originator, by volume, of Small Business Administration (SBA) 7(a) loans at the close of SBA fiscal year 2018. This also marks the 10th year in a row Huntington has been the largest originator, by volume, of...
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October 04, 2018, 07:23 AM
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U.S. Bank has created a new, fully digital option for small businesses to apply for and receive a loan or line of credit.The digital process is part of a broader evolution of how the bank interacts with customers. Single-owner businesses within U.S....
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September 25, 2018, 07:28 AM
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QuickBridge, a privately held financial services firm, announced its participation in Lendio’s turndown program. This partnership marks another milestone in QuickBridge’s commitment to providing business loans to small businesses nationwide. As one...
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August 09, 2018, 07:15 AM
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CIT Group Inc. announced its Franchise Finance team, part of CIT's Business Capital division, has closed a $25 million loan to La Palma, Calif.-based Friendly Franchisees Corporation.
Friendly Franchisees is a leading owner and operator of Carl's Jr...
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May 24, 2018, 07:20 AM
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Small business loan approval rates at big banks ($10 billion+ in assets) bounced back in November to 20.8% after a setback month in October, according to the November 2014 Biz2Credit Small Business Lending Index, a monthly analysis of 1,000 loan...
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December 11, 2014, 07:12 AM
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According to a news release from Fitch Ratings, the firm believes that loan loss reserve releases by U.S. banks will continue, albeit at a declining pace as banks begin to approach normalized provisioning and net chargeoffs. After building up...
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November 15, 2012, 07:14 AM
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According to the IBSWorld Commercial Banking in the U.S.: Market Research Report, in the five years to 2012, commercial banking industry revenue is expected to grow 2.0% annually on average. According to the FDIC, commercial banks are starting to...
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May 29, 2012, 07:00 AM
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Nations Equipment Finance ("Nations") announced today that it has opened offices in Chicago, Cleveland and Tampa. These new offices are in addition to existing offices in New York, Dallas and their headquarters in Norwalk, CT.
"We are experiencing...
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March 08, 2012, 08:15 AM
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CapitalSource announced financial results for the fourth quarter and the full year 2011. The Company reported net income for the quarter of $9 million, compared to net loss of $81 million in the prior quarter and net income of $6 million in the...
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February 17, 2012, 07:00 AM
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Growth projections remain strong among executives surveyed for PwC US’s Private Company Trendsetter Barometer: 78% expect positive growth over the next 12 months, with 35% projecting double-digit growth and 43% forecasting single-digit growth. The...
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February 08, 2012, 06:30 AM
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