Live Oak Bank Launches Franchise Lending Business

Live Oak Bank launched a lending division focused on financing for the franchise restaurant industry. The business will be led by General Manager Lew Woodbury.

HSBC Global Launches U.S.-Asia Corridor Team

HSBC Global Private Banking, Americas launched its U.S.-Asia Corridor Team, a group of wealth management specialists who are fluent in Cantonese and Mandarin and have personal ties to Asian culture.

Azadian Group Launches Change Capital

Commercial financing provider Azadian Group spun off its direct lending and financing business into a wholly-owned subsidiary, Change Capital.

A&M Launches Global Transaction Analytics Service

Alvarez & Marsal formally established its Global Transaction Analytics team, a service offering focused on the development, application and implementation of data analytics. It will be led by managing director Steven Lee.

Second Avenue Launches Lending Platform for Middle Market

SB360 launched Second Avenue Capital Partners as a lending platform specializing in asset-based loans for the broader retail and consumer product industry.

Finitive Launches Online Lending Platform with $1.3B

Fintech company Finitive launched its zero-fee alternative lending investment platform. It received commitments for transactions with an aggregate capacity of $1.3 billion.

Energy Industry Vets Launch Madava Finance, Close 1st Transaction

Industry veterans Robb Turner and Mark Green launched Madava Financial to provide direct loans to energy companies. Madava closed its first transaction – a $100 million unitranche debt facility for XRO Energy. Madava also completed an ABL facility with Goldman Sachs.

Piper Jaffray Launches MM Lending Arm With $1B Equity

Piper Jaffray formed Piper Jaffray Finance, a wholly owned lending subsidiary that will provide committed debt facilities for middle-market clients based in North America.

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.