Fourshore Partners (Fourshore) announced its acquisition of Power Funding, a factoring company focused on the oil & gas and transportation industries. Power Funding provides working capital to the oil & gas and trucking industries through the...
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January 02, 2024, 07:12 AM
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Altriarch Specialty Finance Fund, a leading private credit manager based in Charleston, South Carolina, recently provided $43.5 million in committed capital to specialty finance lenders across the U.S. Altriarch offers flexible capital solutions in...
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November 08, 2023, 07:00 AM
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eCapital Corp. announced the appointment of David Gladu as President, Head of Factoring Group, North America. In the new role, Gladu will lead the expansion and advancement of eCapital's substantial factoring portfolio and divisional...
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October 25, 2023, 07:20 AM
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Breakout Capital, a leading fintech company simplifying access to term loans for small businesses, announced the successful merger of 12Five Capital, a Chicago-based commercial finance company with a focus on factoring, purchase order financing and...
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September 19, 2023, 07:22 AM
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Tradewind Finance, an international trade finance firm with headquarters in Germany, has successfully entered the bunker market, delivering a $2 million credit facility for an international bunker trader.Bunkering, or the process of replenishing a...
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July 25, 2023, 07:00 AM
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Oxford Commercial Finance (OCF), a subsidiary of Oxford Bank, announced its Senior Vice President and Managing Director, Robyn Barrett, has been named incoming president of the American Factoring Association (AFA) for a two-year term.Barrett has been...
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June 01, 2023, 07:05 AM
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CIT Commercial Services, a subsidiary of First Citizens Bank, announced leadership changes as it continues to align its business to support clients and future growth.Tom Fingleton, who has served as Northeast Regional Manager since March 2019, has...
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May 09, 2023, 07:18 AM
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Accord Financial Corp. is offering Canadian companies a fast and convenient way to obtain accounts receivables financing through the new AccordExpress Factoring Portal. The AccordExpress Factoring Portal offers financing between $500,000 and...
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April 26, 2023, 07:05 AM
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Culain Capital Funding completed a $750,000 accounts receivable factoring facility with a privately owned Specialty Maintenance and Welding Services Company. Through a referral to Culain Capital from a commercial loan broker, the company detailed...
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April 03, 2023, 07:00 AM
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CIT Commercial Services, a wholly owned subsidiary of First Citizens Bank, announced it has closed a non-recourse factoring arrangement and $8 million senior secured facility for a Los Angeles-based company that sells men's and boys' clothing to...
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February 16, 2023, 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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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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CIT Commercial Services, a subsidiary of First Citizens Bank, announced that it has completed a $50 million factoring facility with a West Coast consumer technology firm.CIT worked closely with the client to create a unique factoring arrangement to...
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October 13, 2022, 07:10 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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CIT, a division of First Citizens Bank, announced that its Commercial Services business is promoting and hiring new business development leaders to support clients and drive growth in factoring finance in the Northeast and West.In the Northeast...
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April 07, 2022, 07:15 AM
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CIT, a division of First Citizens Bank, announced a reorganization of its Commercial Services factoring business to position it for accelerated growth by providing even better service for clients and prospects.CIT Commercial Services is one of the...
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March 08, 2022, 07:15 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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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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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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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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ENGS Commercial Capital announced the recent closing of a $30 million Non-Recourse Factoring Facility for an industry-leading technology services company. For over 40 years, the company has been providing its customers with data and analytics that...
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July 23, 2020, 07:11 AM
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North Mill Capital, a wholly owned subsidiary of Solar Senior Capital, announced the acquisition of Summit Financial Resources, a provider of factoring services across the U.S. Founded in 1994 and based in Salt Lake City, UT, Summit has built a...
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August 13, 2019, 07:20 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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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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Transfac Capital, Inc., a national provider of invoice factoring and accounts receivable financing, a subsidiary of Commercial Credit, Inc., has changed its name to Commercial Funding Inc. The change includes the launch of a new website...
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June 05, 2018, 07:16 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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ENGS Commercial Finance Co. (‘ENGS’) announced that Salvatore (“Sal”) M. Trupiano has joined the company as Vice President, Credit and Underwriting for the company’s Working Capital Finance subsidiary, ENGS Commercial Capital (‘ECC’).In this role...
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November 15, 2017, 06:43 AM
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ENGS Commercial Finance Co. (“ENGS”) announced today that it has closed on a new revolving credit facility for its Factoring subsidiary, ENGS Commercial Capital, LLC. This new facility is with Wintrust Commercial Banking.Tania Daniel, Managing...
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October 03, 2017, 07:00 AM
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Transfac Capital, Inc., the newly acquired factoring subsidiary of Commercial Credit, Inc., has hired Steven Sala to head the Salt Lake City-based company. Sala will hold the title of Senior Vice President and will oversee all operations of Transfac...
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September 07, 2017, 07:09 AM
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ENGS Commercial Finance Co. (‘ENGS’) announced that T.J. Gill has joined the company as Vice President, Business Development Manager to the company’s Factoring subsidiary, ENGS Commercial Capital (‘ECC’).In this role, Gill will focus on establishing...
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August 24, 2017, 07:00 AM
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Commercial Credit, Inc., parent company of Commercial Credit Group Inc. (CCG) announced the purchase of the business operations of Transfac Capital, Inc., thus expanding into the accounts receivable factoring business. With the closing of the...
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August 02, 2017, 07:10 AM
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ENGS Commercial Capital, a division of ENGS Commercial Finance Co. (“ENGS”), announced that it closed on a $2.5MM factoring facility in the staffing space for an agency that provides skilled labor to the construction industry. In the last 90 days...
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June 27, 2017, 06:57 AM
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ENGS Commercial Finance Co. (‘ENGS’) has announced the expansion of two office locations as well as additional team members to the company’s Factoring subsidiary, ENGS Commercial Capital (‘ECC’).Joining the company are Bronwyn Hobson, Vice President...
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May 25, 2017, 07:11 AM
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ENGS Commercial Finance announced the addition of new team members to the company’s Factoring Division, ENGS Commercial Capital (‘ECC’). Joining the company are Nicole Montrone, Vice President, Sales; Leslye Campos, Vice President, Operations;...
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March 21, 2017, 07:12 AM
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ENGS Commercial Finance Co. announced that Tania Daniel has joined the company as the Managing Director of its newly launched Factoring Division. In this role, Ms. Daniel will be responsible to develop ENGS’s Factoring Division into a nationally...
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January 04, 2017, 07:07 AM
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CIT Group Inc. announced that CIT Commercial Services appointed Darrin Beer as Western Regional Sales and Portfolio Manager. In this role, Beer will lead CIT Commercial Services activities in the Western United States. He will continue to be based in...
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August 12, 2016, 07:39 AM
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InMotion Global, Inc. announced that it has integrated Triumph Business Capital’s full offering of load funding services within AscendTMS, a leading cloud-based transportation management system (TMS) for trucking companies, freight brokers, third...
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June 23, 2016, 07:09 AM
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TAB Bank announced it has provided TAB FAST funding for two trucking companies. Each funding represents TAB’s commitment to providing working capital and other critical financial solutions and support to companies in the trucking industry.TAB FAST...
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February 26, 2016, 07:00 AM
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BAM Worldwide announced the availability of a specialty asset-based lending platform for motor carriers following the successful debut of BAMwire™ in the freight brokerage and logistics industry.Slow-paying customers and slim operating margins are a...
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May 19, 2015, 07:12 AM
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Bibby Financial Services announcesd the release of a new funding option, FastTrack. FastTrack is available to businesses seeking funds of up to $100,000 at 2.99 percent, which can alleviate day-to-day working capital pressures.Following the upload of...
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January 26, 2015, 06:00 AM
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CIT Commercial Services, a leading provider of factoring services, and a unit of CIT Group launched “CIT CIS Mobile,” (cit.com/getCISMobile) a mobile app designed to bring the functionality of CIT Commercial Services’ Client Information System (CIS)...
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January 08, 2015, 07:05 AM
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Since 1998, US Financial Companies, an OH-based company, has been a leader in financing all types of equipment for a broad spectrum of credits. However, in 2008, at the start of the Last Great Recession, the equipment finance industry took a drastic...
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November 24, 2014, 06:00 AM
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To better meet the global needs of its clients, Wells Fargo Capital Finance, part of Wells Fargo & Company, has formed a Commercial Services Division to provide factoring and accounts receivable financing products and services for U.S. and...
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June 26, 2013, 07:06 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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CIT Group Inc. announced the launch of Factoring University (CITFactoringUniversity.com), a first-of-its-kind web site that offers a comprehensive education-based approach to the financial service known as accounts receivable factoring. “As one of...
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July 09, 2012, 06:18 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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CIT Group announced that Jonathan (Jon) A. Lucas has been named President of CIT Trade Finance effective July 2, 2012 following the retirement of current CIT Trade Finance President John F. Daly on June 29, 2012. Lucas will report directly to Nelson...
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June 05, 2012, 04:15 PM
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