Crestmark Closes $5.5MM in Recent Transactions
Crestmark announced it secured a total of $5.5 million in financial solutions for six new clients in the second half of June.
Crestmark announced it secured a total of $5.5 million in financial solutions for six new clients in the second half of June.
Gibraltar Business Capital announced a number of summer transactions &mdash from nut butter to electrical goods.
J D Factors announced it closed six factoring facilities totaling $3.425 million.
ExpoCredit named Cynthia K. Basolo as VP/BDO for ExpoCredit, and Dennis D. Bays as VP of business development for Southern California.
Level One Bank announced it hired Susan Misajlovski as VP, Commercial Banking. The announcement was made by Patrick J. Fehring, president and CEO of Level One Bank.
Monroe Capital announced the funding of a $20.5 million facility for a specialty retailer to finance the company’s Employee Stock Ownership Plan and provide ownership to long-time employees.
Audax Group announced it has acquired Wheel Pros from Platinum Equity. CIT and GE Capital were said to have provided senior debt financing.
Webster Business Credit provided a $10 million senior secured revolving line of credit to Boom! LLC & Affiliates to refinance an existing credit facility and provide working capital.
Speed Commerce announced it completed the asset sale of its legacy distribution business segment to WYNIT Distribution, a national wholesale distributor of products in a number of industries.
Avnet entered into a new credit facility, increases its borrowing capacity to $1.25 billion. Bank of America will continue to act as administrative agent, swing line lender and letter of credit issuer.