News

United Community added Sean Simpson as chief commercial banking officer, bringing proven leadership and industry expertise. In his new role, Simpson leads United’s commercial banking strategy and specialty banking lines, including asset-based lending, middle market, franchise, commercial real estate, renewable...

Citizens Capital Markets & Advisory added Doug Brockway to its technology investment banking team as a managing director leading the firm’s cybersecurity and infrastructure software practice. Based in Boston, Brockway brings more than 35 years of investment banking experience and...

Potomac Bank appointed Carolyn K. Johnson as senior vice president, director of digital and payment strategy. Johnson will be responsible for advancing positive client experiences through digital and payments services. “We are pleased to welcome Carolyn to lead our digital...

SouthStar Capital, a private direct lender and specialty finance company, closed a $1.5 million accounts receivable financing facility for a Texas-based specialty contractor providing crane operations, structural steel services and piping fabrication. With a growing project pipeline and increasing working...

TAB Bank has extended a $3.5 million factoring facility with a $1.5 million inventory sublimit to Cadillac Coffee. The new facility will provide funding, service and support for the company so it can continue providing customer satisfaction, delivered through its...

The Hedaya Capital Group recently provided a $1 million factoring facility to a New York-based apparel company specializing in the import and distribution of branded men’s underwear. The facility will provide the working capital needed to support expansion initiatives and...

CIBC Bank USA Asset Based Lending provided a new $25 million senior revolving credit facility to MCI Ventures and subsidiaries (d/b/a Mr. Crane). The financing will refinance existing debt, repay equipment notes and support the purchase of rental equipment to...

eCapital, an AI-powered fintech company building the next generation of specialty finance, provided a $10 million asset-based lending revolving credit facility to a Florida-based flight training company undergoing an extensive operational and financial restructuring. The financing provides critical working capital...

Oxford Finance, a specialty finance firm, closed an asset-based lending facility for Serena & Lily, a home furnishings and lifestyle brand. The facility refinances the company’s existing credit facility and provides additional capital to support strategic growth initiatives, including the...

Orange EV, a manufacturer of zero‑emissions terminal trucks, entered into a $100 million revolving credit facility led by Wells Fargo Bank. The senior secured facility strengthens Orange EV’s balance sheet and provides increased liquidity to support working capital needs, the...