News

First Business Bank’s accounts receivable financing group funded a $2.5 million factoring facility for a contractor in Virginia that serves the U.S. Federal Government and its prime contractors. “First Business Bank took the time to understand the client’s needs and...

First Citizens Bank, the wholly owned banking subsidiary of First Citizens BancShares, purchased a downtown San Francisco building in support of the company’s large and growing client base in the region. First Citizens will renovate the office space with an...

Lugano Diamonds & Jewelry, a designer, manufacturer and retailer of high-end jewelry, together with certain of its affiliates, have voluntarily filed for Chapter 11 relief in the United States Bankruptcy Court for the District of Delaware to facilitate a value-maximizing...

Moment Energy, a North American EV battery repurposing companies, secured $5 million in growth financing from TD Innovation Partners (TDIP), the innovation banking division of TD Bank. “Over the past two years, TD Innovation Partners has seen firsthand how the...

Silicon Valley Bank (SVB), a division of First Citizens Bank, named a 28-year company veteran, Megan Scheffel, head of life science and healthcare banking. In her role, Scheffel will lead a nationwide team dedicated to providing specialized banking services, debt...

On Nov. 18, 2025, the U.S. Bankruptcy Court for the Southern District of New York confirmed a plan of reorganization for Purdue Pharma and its affiliated debtors, an achievement that will facilitate the delivery of billions of dollars to those...

First Business Bank’s floorplan financing team funded a $7.1 million inventory floorplan line of credit for an established Texas automotive dealership's strategic expansion into two new locations. “Repeat business from existing clients is the highest compliment we can receive,” John...

Heritage Global Partners (HGP), a subsidiary of Heritage Global and a worldwide company in asset advisory and auction services, has been appointed by the U.S. Bankruptcy Court to conduct an auction of brewing and restaurant equipment from nine former Iron...

TradeCap Partners funded a $1 million purchase order finance facility for an Illinois-based food manufacturer. The facility was structured to support the company’s sourcing of raw ingredients, packaging and pay for tolling costs related to a new nationwide product launch. The client’s asset-based...

Cardiff, a tech-enabled provider of financing for small and mid-sized businesses, announced the successful closing of a senior revolving credit facility with a prominent U.S. based bank. Proceeds from the institutional financing will be used to increase the company’s funding...