Culain Capital Funding, a specialty finance firm focusing on funding solutions for small and medium-sized business in the U.S., completed two separate $1.5 million accounts receivable factoring and purchase order facilities.
National Funding closed its second asset-backed securitization for $125 million. Guggenheim Securities served as sole structuring advisor and the sole initial purchaser of the notes.
Northstar Capital, a provider of junior capital for middle market private equity transactions, has invested in Automated Handling Solutions (AHS), a portfolio company of May River Capital.
Since the start of the COVID-19 pandemic, struggling SMEs and SMBs have found it more difficult to find the capital they need to survive. At the same time, alternative lenders like fintechs have had to adapt their plans in order to continue being a reliable source of financing. Such creativity will still be needed in 2021 as more opportunities arise.
The transition to a more e-commerce-focused economy has been underway for more than two decades. At this point, it is no longer a trend but a permanent (and dominant) piece of the consumer spending landscape. Such a reliance on e-commerce will continue to call for a reimagining of how asset-based lenders provide capital to businesses that sell their goods virtually. In a Q&A for ABF Journal, Derrick Wong of Pacific Premier Bank spoke with Jessica Bates of Dwight Funding about the ins and outs of asset-based lending to e-commerce brands.
If you haven’t heard of Marco Financial yet, you will soon. The “tech-enabled” factoring startup launched in 2020 with its sights set on the SME and trade financing world, specifically in Latin America. The company currently plays on the lower end of the capital spectrum, with most of its initial deal opportunities below $1 million, but with an impressive executive team, a heavy reliance on technology and the financial backing of some heavy hitters in the venture capital space, the company is poised to grow far beyond its current capabilities.
SG Credit Partners provided a $1.5 million second lien loan for a managed services provided.
Liquid Capital provided financing to Dig It Apparel, a manufacturer of utility/gardening gloves specifically designed to protect manicured nails.
JD Factors completed eight factoring finance transactions for a total of $2.05 million.
King Trade Capital financed two new client relationships in November.