OnDeck reported a net loss of $83.0 million for full-year 2016, up from a net loss of $1.3 million a year earlier. The company noted its provision for loan loss charges doubled from $74.9 million 2015 to $150 million in 2016.
Celtic Bank has hired Patrick Phillips as a vice president, business development in the bank’s SBA and Commercial Lending department.
Presidential Financial provided a $10 million working capital and term loan facility to Prairie Dog Pet Products.
Liquid Capital hired Sergio Mindreau as director, Credit Risk, working out of the Toronto headquarters.
Crestmark secured a total of $15.135 million in financial solutions for 26 new clients in the first half of February.
Huron entered into an agreement to acquire Innosight Holdings, a growth strategy firm focused on helping companies navigate disruptive change, enable innovation and manage strategic transformation.
Bibby Financial Services appointed Phil Tobin as managing director of Trade and International, as the business looks to expand its focus on export and trade finance in 2017.
Canacol Energy entered into a credit agreement for a $265 million senior secured term loan with a syndicate of banks led by Credit Suisse as sole lead arranger and sole bookrunner.
DS-Concept provided a Vietnam-based garment manufacturer with a $10 million export factoring facility.
Deloitte Corporate Finance acted as exclusive financial advisor to Plastic Packaging in its sale to Sonoco Products.
Feb 24, 2017: NJTMA Networking Breakfast - Morristown
Feb 28, 2017: NJTMA Networking Event @ Seton Hall vs. Georgetown
Mar 1, 2017: VALCON 2017
Mar 7, 2017: NYIC/IFA/IFA Northeast Joint Factoring Event
Mar 16, 2017: TMA Lenders Panel