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News Stories (52 Results) - Finance News

North American Construction Group Ltd. (NACG) announced it has finalized an extension and amendment of its senior secured credit facility. The facility maturity date has been extended by one year with a new maturity date of Oct. 8, 2025. In addition... Read Story
September 21, 2022, 07:10 AM

First Business Bank’s Floorplan Financing team announced the funding of a $10 million inventory floorplan line of credit for an independent car dealership in Florida.“We’re very pleased to help our new client in Florida in providing this line of... Read Story
August 19, 2022, 07:15 AM

The Greenbrier Companies, Inc., an international supplier of equipment and services to global freight transportation markets, announced its Greenbrier Leasing subsidiary has entered a new $150 million term loan to finance the continued growth of its... Read Story
August 04, 2022, 07:04 AM

Swift Lending, a national private commercial real estate lender, announced plans to expand its lending efforts through a senior credit facility provided by Encina Lender Finance.Swift provides bridge loans to qualified real estate investors active in... Read Story
July 07, 2022, 07:18 AM

KERV Interactive, a digital advertising platform, announced that it raised $12 million in growth capital. Trinity Capital Inc., a provider of venture capital and equipment financing to growth stage companies provided a $7.5 million facility. The... Read Story
May 26, 2022, 07:06 AM

Hedonova, an alternative assets hedge fund, is raising a strategic series A1 funding round of $18.4 million at a $330 million valuation from Chemie-Tech DMCC, a UAE based engineering and construction company. Chemie-Tech's investment will strengthen... Read Story
May 24, 2022, 07:05 AM

First Business Bank announced the funding of a $10 million inventory floorplan line of credit for an independent car dealership through First Business Bank’s Floorplan Financing group. “We are honored to help our new client in Ohio grow their... Read Story
May 20, 2022, 07:15 AM

Arena Investors and Encina Lender Finance (“ELF”) closed a $300 million credit facility (which includes an accordion feature) for Arena’s Corporate Private Credit business segment, which provides capital to privately-held companies.Arena has a track... Read Story
March 24, 2022, 07:00 AM

First Business Bank announced the closing of a $7 million inventory floorplan line of credit for an independent car dealer in Miami, FL, through First Business Bank’s Floorplan Financing group.As First Business Bank’s Floorplan Financing team... Read Story
March 21, 2022, 07:16 AM

National Funding, Inc., a specialty finance companies serving small- and medium-sized businesses, announced the recent renewal and upsize of a $100 million senior secured warehouse line of credit. The upsize includes an accordion to expand to $125... Read Story
March 17, 2022, 07:10 AM

North Mill Equipment Finance LLC (NMEF) announced the closing of its fifth commercial equipment backed securitization (ABS), NMEF Funding 2022-A (NMEF 2022-A). The $371,070,000 transaction represents North Mill’s largest ABS issuance to date... Read Story
March 07, 2022, 07:18 AM

DLL, a global financial solutions provider, announced a wholesale financing partnership with American specialty vehicles manufacturer REV Group, effective March 9. DLL will serve as the preferred floorplan provider for REV Group’s fire, emergency and... Read Story
March 02, 2022, 07:23 AM

Encina Lender Finance, LLC (ELF) and Georgia Banking Company (GBC) announced they have provided a $40 million senior credit facility to Microf LLC (Microf), a provider of rent-to-own and lease-purchase solutions for residential HVAC systems. The... Read Story
February 14, 2022, 07:12 AM

Verdant Commercial Capital announced that it recently expanded its funding capacity through the addition of a $200 million second facility with Wells Fargo Bank, N.A.Verdant’s new, multi-year warehouse facility consists of a $100 million base amount... Read Story
November 12, 2021, 07:25 AM

Saratoga Investment Corp., a business development company, announced its wholly owned subsidiary, Saratoga Investment Funding II LLC (SIF II), an entity formed for purposes of entering into this financing arrangement, closed a new $50.0 million... Read Story
October 07, 2021, 07:09 AM

Crayhill Capital Management, a New York-based, minority-owned private credit manager focused on asset-based investments, announced the final close of Crayhill Principal Strategies Fund II with approximately $820 million of capital commitments.... Read Story
September 09, 2021, 07:04 AM

Fintech company Clicklease, which provides payment solutions in the commercial equipment space, announced it has closed $63 million in Series A funding led by Sandlot Partners. "We are absolutely thrilled that Sandlot has decided to invest in... Read Story
August 31, 2021, 07:19 AM

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... Read Story
August 27, 2021, 07:20 AM

Stonebriar Commercial Finance, a large-ticket independent diversified commercial finance and leasing company, announced it has extended its $1 billion revolving warehouse credit facility for another two years.The facility, which serves as one of... Read Story
July 29, 2021, 07:18 AM

Cadence Business Finance announced it has committed $25 million as part of a lender finance revolver to Equify Financial, a privately owned, independent specialty finance company based in Fort Worth, TX. This capital allows Equify Financial to... Read Story
July 15, 2021, 07:06 AM

Stonebriar Commercial Finance announced the closing of a new $200 million, three-year committed unsecured revolving credit facility (RCF) as the company continues to diversify funding sources and increase financial flexibility. The RCF will... Read Story
June 24, 2021, 07:20 AM

Liberty Commercial Finance announced the closing of a private placement of $30 million aggregate principal amount rated BBB by Egan Jones. Piper Sandler served as the sole placement agent for this offering. Eric Freeman, President and CEO of Liberty... Read Story
June 23, 2021, 07:05 AM

Bridge Bank announced the closing of a $25 million credit facility with Targeted Lease Capital LLC (TLC), a Williamsville, NY-based company that provides equipment finance loans to small businesses.Bridge Bank partnered with Ogden, UT-based TAB Bank... Read Story
June 04, 2021, 07:20 AM

Commercial Credit Group Inc. (CCG), an independent commercial equipment finance company, announced the closing of a private placement of $75,000,000 aggregate principal amount of senior unsecured notes. The notes are NAIC 1 equivalent and due May... Read Story
May 20, 2021, 07:08 AM

Core Molding Technologies, Inc. announced it closed a new credit facility with Wells Fargo Bank and FGI Equipment Finance, LLC.The new credit facility is a combination of $31.7 million of new term loan capacity and $25.0 million of revolving loan... Read Story
November 06, 2020, 07:16 AM

Stonebriar Commercial Finance, an independent large-ticket commercial finance company, announced it has privately placed $90 million of senior unsecured notes maturing in 2025 and 2027. The notes mark Stonebriar’s second such issuance since 2019 and... Read Story
September 29, 2020, 07:18 AM

CIT Group Inc. announced CIT Northbridge Credit, through its investment advisor CIT Asset Management LLC, served as collateral and administrative agent and lead lender on a $100 million senior secured credit facility for Hornbeck Offshore Services... Read Story
July 31, 2019, 07:00 AM

Encina Equipment Finance (EEF) announced it has upsized its senior credit facility to $250 million in total commitments. The facility now includes nine institutions, with four new institutions coming into the syndicate and three existing lenders... Read Story
July 24, 2019, 07:20 AM

Nexseer Capital announced it has completed a $19.5 million equipment and project financing for a provider of water treatment systems and services. The Texas facility was constructed on a third-party chemical manufacturing site to provide treated... Read Story
July 19, 2019, 07:20 AM

Triton International Limited, the world’s largest lessor of intermodal freight containers, announced its wholly owned subsidiary, Triton Container International Limited (TCIL), entered into a $1 billion term loan facility led by PNC Capital Markets... Read Story
December 05, 2018, 06:50 AM

Investment in U.S. based fintech companies surged to $14.2 billion across 427 deals during the first half of 2018, as investors poured money into startups in fintech emerging segments such as regtech and blockchain, as well as late stage companies... Read Story
August 06, 2018, 07:20 AM

Accord Financial Corp. announced it has signed a new senior secured revolving credit facility totaling $292 million with a syndicate of banks. The three-year agreement was arranged by The Bank of Nova Scotia, acting as administrative agent, sole... Read Story
August 02, 2018, 07:15 AM

Cat Financial, a wholly owned subsidiary of Caterpillar Inc., is bringing its customers the Cat Card Program offered by Citibank, N.A. The new Cat Card Program will offer both commercial and consumer financing options to give customers the... Read Story
July 31, 2018, 07:00 AM

In 2017 Yamaha Motor Finance Corp., USA announced plans to bring its floorplan financing in-house, with a vision to provide a complete range of finance company services. Yamaha has chosen to partner with White Clarke Group, selecting the CALMS... Read Story
June 21, 2018, 07:15 AM

Corcentric, a provider of procurement and financial process automation solutions, announced it has joined Blockchain in Transport Alliance (BiTA), an organization that promotes the development and adoption of blockchain applications in the trucking... Read Story
June 19, 2018, 07:10 AM

CIT Group Inc. announced its Healthcare Finance business, part of the Commercial Finance division, has closed on a $15.3 million loan to finance the purchase of a San Diego, Calif., medical office building. The Coast Medical Center is a four -story... Read Story
May 31, 2018, 07:00 AM

CIT Group Inc. announced CIT Northbridge Credit, its joint venture financing unit, served as sole lead arranger on a $20 million senior secured revolving and term loan credit facility for Greene’s Energy Group, LLC.Greene’s Energy Group, which has... Read Story
May 25, 2018, 07:20 AM

MB Business Capital, a division of MB Financial Bank, N.A., announced it provided a new $11,575,000 senior credit facility to Wichita, Kansas-based 3P Processing, Inc. MB’s credit facility was used to fund the acquisition of 3P by Spell Capital... Read Story
May 21, 2018, 07:00 AM

New West Energy Services Inc., an oil and gas and environmental services company focused on Western Canada, announced NWE and its primary capital and equipment financing partner, Nations Equipment Finance of Norwalk, Conn., have come to an agreement... Read Story
May 14, 2018, 07:20 AM

Siemens Financial Services (SFS) has released a new research paper that describes “CFO 4.0” - the new breed of Chief Financial Officer in the manufacturing industry. The CFO 4.0 has a deep, holistic understanding of the competitive advantages of... Read Story
May 01, 2018, 07:05 AM

Centrosolar announced it has partnered with CleanView Capital to offer Commercial and Industrial (C&I) customers, a fully integrated solar PV module and special financing program.Centrosolar and CleanView Capital said they have come together to form... Read Story
April 30, 2018, 07:05 AM

Wells Fargo & Company announced it will provide $200 billion in financing to sustainable businesses and projects by 2030, with more than 50 percent focused on clean technology and renewable energy transactions that directly support the transition to... Read Story
April 23, 2018, 07:00 AM

Santander Bank N.A. announced it has closed a $38.5 million senior secured equipment and revolving line of credit with Cold Carriers, a refrigerated transportation company, to support its growing equipment and working capital needs. “At Santander, we... Read Story
March 20, 2018, 07:25 AM

North Mill Capital LLC, a wholly owned subsidiary of Solar Senior Capital Ltd., has provided a $12.9 million of Total Credit Facility to Devault Packing Company Inc.The funding was comprised of a $10 million asset-based lending credit facility, which... Read Story
March 16, 2018, 07:20 AM

Sparta Commercial Services, Inc. announced the launch of a new Equipment Financing Program designed to meet the needs of small to midsize businesses throughout the U.S. Sparta is already known for its heritage within the Municipal Leasing... Read Story
March 09, 2018, 07:30 AM

Driven by robust Venture Capital (VC) funding, an increase in deal value, and strong performance by the Private Equity sector, investments in U.S. fintech companies nearly doubled during Q3 ’17 to $5 billion, up from $2.6 billion in Q2 ’17, according... Read Story
November 09, 2017, 07:02 AM

American Express announced a new addition to its suite of business financing products, which are designed to help businesses with access to working capital and short-term financing: Business Loans. Business Loans offer small businesses quick access... Read Story
October 13, 2017, 07:20 AM

Results from a PwC survey, which assesses the rise of new technologies in the financial services (FS) sector and their impact on market players, reveal 83% of respondents from traditional Financial Services (FS) firms believe part of their business... Read Story
March 25, 2016, 07:19 AM

Reuters reported Uber Technologies has launched its own auto leasing subsidiary in an effort to sign up more drivers, injecting the fast-growing ride services company directly into the financial services sector for the first time.According to the... Read Story
July 30, 2015, 07:23 AM

Despite reports that small business loans are becoming easier to obtain, a majority of small business owners don’t ever apply for them, according to a survey from Sageworks, a financial information company. When asked if they had ever applied for a... Read Story
July 25, 2014, 06:38 AM

Quick Bridge Funding, a privately-held financial services firm, recently closed a $35 million credit facility with a Southern California bank. The financing will be used to expand Quick Bridge Funding’s short-term working capital loan programs.Quick... Read Story
June 16, 2014, 06:40 AM

Many CFOs and their organizations are ignoring new social-media technologies and networks because they’re “not comfortable with them,” said Cal Slemp, managing director of Protiviti, a consultancy and internal audit firm, speaking on a panel about... Read Story
October 08, 2012, 07:38 AM