Pardot Receives Credit Line From Silicon Valley Bank
Pardot received a line of credit from Silicon Valley Bank. The financing supports the continued growth of the small business-focused marketing automation vendor.
May 29, 2012
ABF Journal
Pardot received a line of credit from Silicon Valley Bank. The financing supports the continued growth of the small business-focused marketing automation vendor.
According to Matt Galligan, group head of CIT Real Estate Finance, approximately $1.4 trillion of CMBS transactions are coming due over the next three years, creating an excellent climate of real estate financing.
According to a story posted by CFO, a Delaware court win this week by the CFO and CEO of a hedge fund against a former partners
In its latest quarterly report on bank earnings, the FDIC said insured institutions reported an aggregate profit of $35.3 billion in Q1/12. The regulator noted, however, that loan balances declined after three consecutive quarterly increases.
NXT Capital said it increased its total debt financing capacity to $1.6 billion and expanded its senior secured revolver to $740 million. NXT said Capital One and EverBank Commercial Finance were new additions to the bank group.
The ABF Journal and abfjournal.com office will be closed on Monday, May 28 in observance of Memorial Day, and we will return on Tuesday, May 29 to bring you our coverage of the commercial finance industry.
SunTrust Banks said it has been selected for the Export Lender of the Year award from the U.S. Small Business Administration for making the most export working capital loans to U.S. exporters in 2011. This is the third straight year SunTrust has received this honor.
SPECTRUM Commercial Services Company announced that it moved to new offices in its current building to accommodate recent growth and future expansion plans.
The U.S. Small Business Administration named KeyBank the top SBA Large 7(a) Lender of the Year. The SBA awards the Large 7(a) Lender of the Year based on factors such as portfolio performance, year-over-year growth in loan approval volume and on lender size, and ongoing commitment to the growth and expansion of small businesses.
Bank Street announced the acquisition of nLayer Communications by Global Telecom & Technology. Bank Street served as the exclusive financial advisor to nLayer in connection with this transaction.