Barrett Named Board President of American Factoring Association

Robyn Barrett, senior vice president and managing director of Oxford Commercial Finance, a subsidiary of Oxford Bank, was named incoming president of the American Factoring Association for a two-year term.

June 1, 2023 Mick Goik | Oxford Commercial Finance | Robyn Barrett Ian Koplin

Brightwood Capital Advisors Shares Investment Activity Totals and Team Changes for 2022

Brightwood Capital Advisors, a middle-market private credit firm, deployed nearly $2 billion of capital to 35 new borrowers in fiscal year 2022. The growth across Brightwood’s platform has led the firm to meaningfully add to its team since the beginning of 2022.

June 1, 2023 Aized Rabbani | Brett Murray | Brightwood Capital Advisors | Chris Warren | Coregistics | Eric Pratt | Fred Jelks | Giving Home | Kristan O’Connor | Natalie Hojnacki | Sengal Selassie | Vehicle Management Solutions | VeraData Ian Koplin

Everest Business Funding Honored as a Best and Brightest Company to Work For

The spring 2023 Best and Brightest Companies To Work For in the Nation list, curated by the National Association for Business Resource, featured Everest Business Funding among its honorees.

May 31, 2023 Everest Business Funding | National Association for Business Resource Ian Koplin

BNP Paribas Retained for Debt Advisory Services on Standard Lithium’s First Commercial Project

Standard Lithium signed a mandate with BNP Paribas to act as exclusive financial advisor to the company in connection with limited recourse debt financing. The debt financing will be used to fund the majority of the company’s proposed first commercial project.

May 30, 2023 Andy Robinson | Antonio Pichardo | BNP Paribas | Standard Lithium Ian Koplin

PerCina Report Launches as Credit Underwriting Tool for Equipment Finance and Structured Credit

PerCina Report launched as a credit underwriting tool designed for the equipment finance and structured credit markets. PerCina Report intends to empower credit analysts at any skill level to create higher-quality credit reports more efficiently.

May 30, 2023 Andrew Carman | PerCina Report Ian Koplin

Factoring Finans Selects Lendscape to Power Factoring Operations

Factoring Finans, a Norwegian business finance provider, selected Lendscape, an international secured finance technology vendor, as its new factoring technology partner.

May 30, 2023 Factoring Finans | Kevin Day | Lendscape | Rune Hellandsjø | Sunny Bhachu Ian Koplin

Biz2Credit and CPA.com Add SBA 7(a) Loans to Funding Portal

Biz2Credit and CPA.com introduced a new SBA 7(a) lending option to the CPA Business Funding Portal, a cloud-based platform that supports accounting firms in securing business financing options for clients.

May 30, 2023 Biz2Credit | CPA.com | Erik Asgeirsson | Rohit Arora Ian Koplin

Truist Financial to Use CME Term SOFR as Replacement Reference Rate for Securities

After June 30, Truist Financial will use CME term SOFR as the replacement reference rate for certain outstanding floating rate and fixed-to-floating rate debt securities and preferred stock that use three-month U.S. dollar LIBOR as the reference rate.

May 30, 2023 Truist Financial Ian Koplin

First Citizens Cuts Staff Brought Over in Silicon Valley Bank Acquisition

According to Axios, following its acquisition of Silicon Valley Bank out of FDIC receivership at the end of March, First Citizens Bank fired approximately 500 employees brought over as part of the acquisition this week.

May 26, 2023 First Citizens Bank | Silicon Valley Bank Ian Koplin

Republic First Bancorp to Strengthen SBA Team

Republic First Bancorp, the parent company of Republic First Bank, is dedicating additional resources to grow its Small Business Administration (SBA) team under the direction of Arnie Horvath, executive vice president and SBA director for the bank.

May 26, 2023 Arnie Horvath | Republic First Bancorp Ian Koplin