The resilience of the asset-based lending market continued in the fourth quarter, according to data released by the Secured Finance Network (SFNet). Lenders held positive against the backdrop of an uneven economy, but are closely watching portfolios...
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April 12, 2024, 07:05 AM
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Michael Doyle, Vice President – Asset-Based Lending at First Business Specialty Finance, LLC, a subsidiary of First Business Bank, announced a recently closed and funded $10,000,000 revolving line of credit and equipment term loan for the acquisition...
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December 13, 2023, 07:12 AM
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The reach of secured financing: cash and liquidity for over 1 million U.S. businesses; funds for about one-third of the roughly 4.6 million U.S. firms with at least two employees The Secured Finance Network’s (SFNet) new Secured Finance Market Sizing...
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June 07, 2023, 07:05 AM
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Valley Bank, a regional bank with operations along key East Coast markets and California, is expanding its Chicago office with the hiring of Matthew Weidle as First Senior Vice President and Midwest Regional President. In this new role, Weidle will...
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May 24, 2023, 07:18 AM
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Gibraltar Business Capital (GBC) announce the launch of its new equipment financing business, Gibraltar Equipment Finance (GEF). GEF provides term financing solutions complementing GBC’s asset-based lending products and furthers GBC’s strong track...
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March 15, 2023, 07:23 AM
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Truist Financial Corporation announced John Gregg will retire, and that Tom Hackett has been named Chairman and Chief Executive Officer of Truist Securities, Truist's full-service corporate and investment bank, effective March 31.Based in Atlanta, GA...
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March 14, 2023, 07:21 AM
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Solifi, a global fintech software partner for secured finance, announced the release of its latest version of Solifi Asset-Based Lending (ABL) software, which includes several new and enhanced features designed to improve both the lender and borrower...
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February 08, 2023, 07:21 AM
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eCapital Corp. issued $95 million in lines of credit during the fourth quarter of 2022 through its eCapital ABL North America division. With this working capital, the companies – which include CPG products in the home and lawn categories – plan to...
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January 25, 2023, 07:05 AM
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Accord Financial Corp. announced the closing of a $13 million credit facility to support the acquisition of an equipment services company. Accord’s Asset Based Lending Group structured the facility to include a traditional revolving credit package...
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December 21, 2022, 07:18 AM
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eCapital Corp. announced the increase of its syndicated bank facility supporting its eCapital Asset Based Lending (ABL) division, including eCapital Healthcare. Wells Fargo Bank acted as the administrative agent for the lenders and, along with...
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December 16, 2022, 07:00 AM
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Bell Bank announces the launch of Bell Business Credit, a national specialty lending team providing asset-based lending and factoring services ideally suited for working capital intensive companies that generate $2 million to $120 million in annual...
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November 21, 2022, 07:12 AM
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California Bank of Commerce (CBC) has formed a new division to focus on existing specialty lines of business. The division will look to expand both credit and treasury solutions to the Bank’s commercial markets. Known as CBC Specialty Banking, the...
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November 16, 2022, 07:20 AM
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Rockland Trust added Slayton Purcell to its Asset Based Lending Team as Vice President, Relationship Manager. In his role, Slayton is responsible for managing a growing portfolio of clients while underwriting and building new relationships. Prior to...
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November 11, 2022, 07:00 AM
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Bridge Bank announced a significant expansion of its growing asset-based lending team, part of the bank’s Capital Finance Group.Seven recent hires support the ongoing buildout of monitoring support for the Capital Finance Group, which serves clients...
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September 22, 2022, 07:00 AM
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CIT, a division of First Citizens Bank, announced that the Specialty Finance unit of its Asset-Based Lending business provided $100 million in financing to Stonegate Capital, a middle-market asset-based lender primarily focused on the consumer...
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September 12, 2022, 07:08 AM
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J.P. Morgan Commercial Banking has named Linda Redding its new Head of Equipment Finance and announced expanded responsibilities for Mac Fowle as its Head of Capital Finance Solutions. Redding will lead a team responsible for helping overseeing...
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April 04, 2022, 07:25 AM
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Crestmark, the Commercial Finance Division of MetaBank, N.A., announced it provided more than $34.1 million in commercial financing to 72 businesses in the first half of March. It secured a total of $12,363,696 in ABL/factoring financial solutions...
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March 28, 2022, 07:10 AM
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Crestmark, the Commercial Finance Division of MetaBank, N.A., secured a total of $3,291,085 in ABL/factoring financial solutions for 14 new clients; Crestmark Equipment Finance provided $24,477,897 in seven new transactions; and Crestmark Vendor...
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February 28, 2022, 07:16 AM
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NFS Leasing, Inc., a privately held provider of equipment finance across the U.S. and Canada, announced it is expanding its product offerings to include asset-based loans.An asset-based loan enables a company to access the equity in its business...
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February 09, 2022, 07:20 AM
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CIT, a division of First Citizens Bank, announced its Asset-Based Lending business served as sole lender on a $35 million senior secured credit facility for D.P. Nicoli Inc.D.P. Nicoli is a leading provider of trench shoring rental equipment to...
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February 03, 2022, 07:12 AM
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Crestmark, the Commercial Finance Division of MetaBank, N.A., announced it provided more than $200.9 million in commercial financing to 179 businesses in December. Crestmark secured a total of $46,424,626 in ABL/factoring financial solutions for 22...
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January 18, 2022, 07:10 AM
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Accord Financial Corp., one of the U.S. and Canada’s leading independent finance companies, announced the appointment of Jim Hogan as President, U.S. Asset Based Lending (ABL) as of Jan. 1. As a member of the Executive Leadership team, he will be...
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January 07, 2022, 07:16 AM
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Mitsubishi HC Capital America, a specialty finance company, announced John Nocita has joined the company as Underwriter for Syndicated Credit and ABL transactions.“We’re excited to have John join the team, as his strong skillset only augments the...
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December 15, 2021, 07:10 AM
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Crestmark, the Commercial Finance Division of MetaBank, announced that it provided more than $22.7 million in commercial financing to 76 businesses in the first half of October. Crestmark secured a total of $11,700,000 in ABL/factoring financial...
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October 28, 2021, 07:07 AM
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Associated Banc-Corp announced plans for the expansion of its lending capabilities, growth of its core businesses and transformation of its digital strategy. These plans include new higher-margin lending verticals and digital investments which are...
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September 10, 2021, 07:25 AM
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Wells Fargo Commercial Capital, part of Wells Fargo & Company, announced it has provided an integrated working capital financing solution to Southwire Company, LLC, one of North America’s leading manufacturers of wire and cable. The innovative...
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August 27, 2021, 07:20 AM
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IDS, a provider of enterprise mission-critical solutions for secured finance, announced the Metropolitan Capital Bank & Trust has selected IDS Asset Based Lending (ABL) to support its small to medium business customers access to working capital...
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April 27, 2021, 07:18 AM
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IDS, a provider of asset and equipment finance technology, has completed the acquisition of William Stucky and Associates (WSA), the leading provider of ABL and factoring software. The combination of the two companies creates a powerful, cloud-based...
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February 17, 2021, 07:25 AM
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CIT Group announced that its Asset-Based Lending and Sponsor Finance businesses, both part of the Commercial Finance division, collaborated to serve as joint lead arranger on $175 million financing for MSTS, a B2B payment and credit solutions...
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October 22, 2020, 07:05 AM
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Commercial Funding Inc., a national provider of invoice factoring and accounts receivable financing, closed its first asset-based lending (ABL) transaction, shortly after announcing the introduction of ABL services in August.The $3.5 million...
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October 16, 2020, 07:06 AM
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CIT Group Inc. announced its Asset-Based Lending business, working in conjunction with its Sponsor Finance group, served as lead arranger on senior secured credit facility for von Drehle Corporation, a leading maker of high-quality paper towel...
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August 18, 2020, 07:10 AM
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CIT Group Inc. announced it has named Chris Esposito as Managing Director in charge of its newly expanded Asset-Based Lending business. In this role, Esposito is responsible for managing the Asset-Based Lending team, overseeing the national ABL...
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July 10, 2020, 07:25 AM
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Wingspire Capital Holdings announced its official launch as an independent diversified direct lender focused on providing asset-based loans (ABL) and related senior secured loans to U.S.-based middle market borrowers.Based in Atlanta, Wingspire...
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November 06, 2019, 07:25 AM
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Wells Fargo Commercial Capital announced the realignment of its Canada-based equipment finance and asset-based lending (ABL) originations teams into a newly integrated business unit, harnessing the collective expertise to enhance the customer...
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October 17, 2019, 07:30 AM
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In the second quarter of 2019, banks experienced the largest quarterly net increase in asset-based lending loan commitments and outstandings since data collection began in 2016 - $3.6 billion and $2.5 billion, respectively, according to the latest...
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October 10, 2019, 07:16 AM
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Santander Bank announced Paul Cronin has been selected to lead the bank’s asset based lending business in its Commercial Banking division. Cronin will be responsible for growing Santander’s ABL business, a full-service provider with a highly...
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August 14, 2019, 07:25 AM
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The Commercial Finance Association Education Foundation, soon to become the Secured Finance Foundation, announced the findings of a comprehensive study of the scope and impact of the secured commercial finance market in the U.S. The 2019 Secured...
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March 08, 2019, 07:10 AM
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Sterling Bancorp, through its principal subsidiary, Sterling National Bank, announced it has completed the previously announced acquisition of the asset-based and equipment finance lending businesses of Woodforest National Bank.The balance of...
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March 04, 2019, 07:20 AM
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Sterling Bancorp, through its principal subsidiary, Sterling National Bank, announced it has entered into a definitive agreement to acquire the asset-based and equipment finance lending businesses of Woodforest National Bank in Texas.As of Dec. 31...
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January 24, 2019, 07:25 AM
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Signature Bank announced the appointment of several professionals joining both its Asset-based Lending (ABL) Group as well as its wholly owned subsidiary, Signature Financial LLC.Three professionals were named to the ABL Group, which is led by Group...
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October 10, 2018, 07:28 AM
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Accord Financial, Inc. announced the promotion of Terry M. Keating from Executive Vice President to President and CEO. Since joining Accord—the Greenville, S.C.-based ABL and factoring unit of Accord— in March 2014, Keating played a major role in...
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May 09, 2018, 07:20 AM
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Encina Business Credit, LLC (EBC) announced Thomas Sullivan and Sean Sheehan have joined the company as Chief Credit Officer and Managing Director, respectively. Based in the company’s Chicago headquarters, Mr. Sullivan will be responsible for...
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May 19, 2016, 07:11 AM
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AloStar Bank of Commerce has announced the launch of AloStar Source, a comprehensive program designed to support community and mid-sized banks nationwide, seeking to offer middle market businesses access to more working capital. Three...
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October 18, 2013, 06:36 AM
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Gemino Healthcare Finance , provider of asset-based and term financing solutions for small to mid-size healthcare companies, today announced the closing of a $100 million four-year revolving credit facility with an accordion feature that allows for...
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October 17, 2013, 06:55 AM
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Equipment Finance Advisor announced the launch of its newest innovative online publishing platform – ABL Advisor at the Commercial Finance Association’s annual convention in Phoenix, AZ on November 15th. This platform, designed to meet the...
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November 16, 2012, 06:18 AM
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TAB Bank announced it has provided a $3 million senior credit facility through a multi-year agreement for InterMetro Communications, Inc. of Simi Valley, CA.InterMetro Communications is a leading facilities-based IP communications provider of...
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October 17, 2012, 07:43 AM
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TD Bank announced that their Asset-Based Lending Group has provided $39 million in financing to support the acquisition of Albert Tire Company by Bennett Capital Partners, LLC, and a private investment firm. The credit facilities consist of a $35...
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September 18, 2012, 07:06 AM
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The Commercial Finance Association (CFA), the global trade association for the asset-based lending and factoring industries, announced today that it has named Robert Trojan as Chief Executive Officer. Trojan, who has extensive financial services...
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June 08, 2012, 06:30 AM
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Bankers Healthcare Group, Inc. celebrates a winning year in 2011 as they expand their menu of financing solutions to healthcare providers nationwide.Bankers Healthcare Group, Inc. (BHG) has spent more than two decades helping healthcare providers...
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March 29, 2012, 07:00 AM
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