News

Eclipse Business Capital (EBC) provided a $450 million senior secured ABL credit facility to an established retailer. The credit facility is secured by accounts receivable and inventory. The transaction refinances the company’s bank-led credit facilities and provides additional liquidity for...

eCapital, a tech-enabled specialty finance provider serving small and midsize businesses across North America and the United Kingdom, has delivered a $6.5 million asset-based lending facility to support the growth and working capital needs of a home furnishings company based in...

CBB Bancorp, the parent company of Commonwealth Business Bank, appointed Seungho Park as president and CEO of both the company and the bank, effective Nov. 21, 2025. Park will be replacing Richard Koh, who served in this position since April...

CohnReznick, a professional services firm, added Milton Tse as an assurance partner. Based in the firm’s new San Francisco office, Tse brings more than 25 years of experience providing audit and advisory services to public and private companies in the...

Saul Van Beurden, currently CEO of consumer and small business banking at Wells Fargo, will lead AI for the company. In addition, Kleber Santos, currently CEO of Consumer lending, will take on expanded responsibilities and serve as co-CEO of consumer...

Orange Bank & Trust appointed Orville Aarons as executive vice president, chief of credit risk management. In this key executive role, Aarons will report directly to president and CEO Michael J. Gilfeather and will be responsible for institutional portfolio management...

Wingspire Equipment Finance shared results of its ongoing collaboration with a global private equity sponsor. The company has provided more than $130 million in equipment financing to six of the sponsor’s portfolio companies. One transaction exceeded $40 million. The portfolio...

The WSFS CARES Foundation, the charitable giving arm of WSFS Financial, will contribute a $150,000 grant to the Todmorden Foundation to expand affordable housing opportunities in Wilmington, Delaware. The WSFS CARES Foundation grant, distributed over three years, will directly support...

Patti Kotusky SLR Business Credit’s manager of ABL operations and one of the company’s founders, passed away after a short illness. Prior to SLR Business Credit (formerly North Mill Capital), which she founded as part of the original management group,...

Silicon Valley Bank (SVB), a division of First Citizens Bank, provided a $50 million growth capital facility to Lumafield, a company in manufacturing technology that delivers AI-powered manufacturing intelligence. Provided by Silicon Valley Bank’s technology banking group, the new financing...