Ablrate Launches New IFISA-Eligible Loan Product

Ablrate, a peer-to-peer ABL lender, launched a new IFISA-eligible loan product at 8% with no minimum term and no lock in. MTF received the first such loan in a facility of up to $6.9257 million.

Investors Bank Launches Equipment Finance Group

Investors Bank is launching an equipment finance group that will enhance its commercial and industrial lending capabilities with middle market companies. A seven-person team of equipment financing professionals, led by group leader Kenneth L. Walters, has joined the bank.

Sawyer to Lead New Ankura Trust Company

Ankura launched Ankura Trust, a newly formed New Hampshire-chartered non-depository trust company that will specialize in providing successor indenture trustee and loan agency services in distressed and default situations. David Sawyer will lead the new venture as CEO.

Breakout Capital Launches FactorAdvantage Hybrid Platform

Fintech lender Breakout Capital launched FactorAdvantage, a hybrid financing solution which enables factors and invoice financing lenders to expand their markets. Charleston Capital Management provided a $50 million credit facility to support the new platform.

Global Payout Launches Logistics Company SecurCapital

Global Payout launched its newly formed logistics subsidiary, SecurCapital. The new company will focus on supply chain finance logistics and will offer fintech services to the supply chain finance marketplace.

GA Telesis Launches Leveraged Finance Group

GA Telesis launched a new division called Leveraged Finance Group to provide secured aircraft financing for lessors, investors and airlines. GAT appointed David Lloyd and Nolan Heske as managing directors of LFG.

Umpqua Bank Hires Former KeyBanc Exec to Launch Capital Markets Unit

Umpqua Bank hired Chad Riddle, former director of investment banking at KeyBanc Capital Markets, to lead a new Capital Markets division as managing director.

WOCF Launches New ABL Offering Dedicated to the Staffing Sector

White Oak Commercial Finance launched a new asset-based lending offering designed for the staffing sector.

Citizens, Fundation Partner to Offer Digital Business Loans

Citizens Bank launched a new digital lending capability through a collaboration with Fundation that will make it easier for small business customers to apply and receive approvals for loans.

MarketInvoice Launches Business Lending Vertical in UK

UK-based invoice finance company MarketInvoice rebranded and expanded into business lending, offering loans starting at £10,000 ($13,305).