News

First Business Bank welcomed Robin Oertel as senior vice president – asset-based lending to First Business Specialty Finance, a subsidiary of First Business Bank. Based in Minneapolis, Oertel brings nearly three decades of asset-based lending expertise to help businesses access...

Oxford Finance, a specialty finance firm, appointed Brock Johnson to lead underwriting for its newly created asset-based lending (ABL) division. In this role, Johnson will lead the firm’s ABL credit strategy, overseeing deal structuring, credit analysis and risk management. Johnson...

Spirit Aviation, the parent company of Spirit Airlines, continues to advance the company’s transformation to position the airline for the future. At a hearing before the U.S. Bankruptcy Court for the Southern District of New York, Spirit announced significant progress...

Advantage Business Capital welcomed Mike Fussell to its growing team. Fussell will be focused on $1 million to $15 million asset-based loans in the southeast region, with main focuses in Florida, Georgia and the Carolinas. “We couldn’t be more thrilled...

Attain Finance, a consumer finance company, entered into a new $130 million, two-year senior revolving credit agreement, led by Citizens Bank. The agreement is part of a broader $150 million revolving credit facility, with the remaining $20 million junior portion...

Aequum Capital closed an $8 million senior secured credit facility to support the acquisition of an Ohio-based manufacturer. “This financing reflects our ability to tailor solutions for middle-market industrial companies and to move quickly when our partners need certainty of...

SLR Business Credit closed a $7 million credit facility for a century-old manufacturer specializing in the durable goods sector. The company, which has a long-standing presence in the Midwest, sought SLR’s expertise to secure a more flexible credit solution to...

Keystone National Group has successfully closed a $35 million senior secured revolving credit facility for a small business finance company operating out of New York and Florida. This new facility is designed to support the company’s mission of providing liquidity...

NewtekOne’s wholly owned subsidiary, Newtek Merchant Solutions, refinanced its term debt facility and revolving line of credit. Private credit at Goldman Sachs Alternatives is providing NMS with a $90 million term loan facility and a $5 million line of credit....

Oak Hill Advisors (OHA) served as administrative agent and lead left arranger for a private unitranche financing supporting Francisco Partners’ acquisition of Elite, a leading provider of enterprise resource planning software and integrated payment solutions for law firms globally. OHA...