News

First Business Bank’s floorplan financing group funded a $4 million inventory floorplan line of credit with an established independent automotive dealership in Tennessee. The dealer made the strategic decision to move its floorplan financing from a 21-year relationship with a...

Santander Bank launched Navigator Global, a new digital platform designed to help small and mid-sized U.S. businesses explore, enter and expand into international markets. The platform leverages Santander’s market expertise to support internationally ambitious business clients achieve global growth. Navigator...

Provident Bank, a New Jersey-based financial institution, recently awarded a total of $50,000 in grants to six non-profit organizations as part of the Federal Home Loan Bank of New York (FHLBNY) Small Business Recovery Grant (SBRG) Program. The SBRG program...

Silver Point Capital, a global company in credit investing, through its direct lending business, has served as a joint lead arranger in the $450 million secured term loan financing supporting the acquisition of Goodyear Chemical, a producer of synthetic rubber,...

Two experienced investment professionals, Matt Meehan and Toby Bundy, have launched Lyford Partners, a UK-based private credit investment firm aimed at addressing the growing need for asset-based lending solutions to ultra-high net worth individuals, families and businesses. Lyford has secured...

Republic Business Credit promoted William Kemp to senior vice president, regional manager. In this role, Kemp will lead Republic’s sales strategy in Texas while continuing to originate new business opportunities. He will also be responsible for building and managing a...

nFusion Capital, a provider of financing solutions to small and middle-market businesses, provided a $6 million asset-based lending facility to a Southern California-based electrical contractor. The financing will support the company’s large project backlog and accelerate its regional expansion. Experiencing...

First Citizens Bank added Mike Spencer managing director of middle market banking in Atlanta. In this role, Spencer will expand First Citizens’ middle market banking presence throughout Georgia and nearby markets. “Mike’s deep sector expertise, coupled with a proven track...

Evolution Credit Partners Management, an alternative credit investment manager, appointed Nancy Karpf as managing director, capital formation, strengthening the firm’s investor engagement and fundraising capabilities. Karpf joins managing director Mary Parrinelli on Evolution’s growing capital formation team. In her new...

Welltory, a consumer health platform, secured a new $2 million credit facility from Braavo Capital to accelerate its next stage of growth. The funding will support user acquisition, international expansion and the rollout of Welltory’s AI health companion, an intelligent...