News

Asset-based lenders closed out the week with the market’s clearest signal yet that bank appetite for clean, availability-governed collateral is expanding into previously untouchable corners of the economy. On August 7, Vireo Growth Inc. announced a $65 million five-year senior...

MidCap Business Credit completed an $8 million asset-based credit facility for a manufacturer of premium custom plank hardwood flooring located in central Pennsylvania. The credit facility was comprised of a revolving line of credit, an equipment term loan and a...

Runway Growth Capital, a provider of growth loans to both venture and non-venture-backed companies seeking an alternative to raising equity, appointed Michael Rovner as co-CEO and co-chief investment officer. Rovner shares both titles with founder David Spreng, and together they...

Certain of Vireo Growth’s indirect non-cannabis subsidiaries have entered into a senior secured asset-based revolving credit facility providing a $65 million initial commitment, expandable to $85 million and further to $105 million through a $20 million accordion feature, subject to...

The Fundworks, a tech-enabled provider of financing for small businesses across the U.S., extended its $40 million investment-grade corporate notes. Transaction proceeds will be used to refinance debt, extend the company’s maturity profile and to support continued origination growth. Brean...

First Horizon Bank added veteran banker Larry Lanclos and three commercial banking associates, further strengthening its commercial banking team in the Acadiana market. Larry Lanclos joins First Horizon Bank as vice president and commercial relationship manager, bringing more than two...

Ameris Bank is strengthening its leadership in South Carolina with the appointment of market presidents in the Midlands, Charleston and Greenville, three important growth areas across the state. Marvin Robinson has been named Midlands market president, overseeing Ameris Bank’s commercial...

Gateway Bank added two senior banking professionals to strengthen its growing lending operations. Tom Rodriguez joins as executive vice president, construction manager, and Twana Sonesing as associate vice president, construction underwriter, bringing deep expertise in construction lending to the team....

Pathward, a U.S.-based financial empowerment company driven by its purpose to power financial inclusion, expanded its partnership with TabaPay, a money movement platform for merchants and leading fintech brands. The firms first partnered in 2020, and the deeper alliance provides...

HYPERAMS, in partnership with Perry Equipment, announced the immediate availability and liquidation of a comprehensive collection of utility-scale power generation, industrial water treatment and chemical processing assets from the Blue Brine facility via private treaty sale. The offering represents an...