The PrivateBank Provides $30.66MM Financing to Arandell
The PrivateBank announced it extended $30.66 million in credit facilities to Arandell, a retail catalog printing company.
The PrivateBank announced it extended $30.66 million in credit facilities to Arandell, a retail catalog printing company.
CAN Capital announced it has provided small businesses with access to $4 billion of working capital during the past 16 years. During that time, over $55,000 small businesses have been funded.
Union Bank announced it hired four seasoned industry veterans Richard Hatley, Jim Torkelson, Ed Dridge and Jay Watkins to expand its Commercial Finance Division.
OnDeck announced its inaugural securitization transaction, the first in the non-SBA direct business lending industry. The $175 million fixed rate note purchasers include insurance companies, mutual funds, money managers and various asset management firms.
HVB Capital Credit closed on a $5 million asset-based loan to Joyce Leslie. The company intends to use this new credit facility to support working capital needs and to fund strategic growth initiatives.
Bibby Financial Services appointed Evan Nadler to head the firm’s Florida-based sales team. Previously, Nadler served as VP at Veritas Financial Partners and founded Envision Properties.
White Oak Global Advisors recently hired Allan Marzen as managing director of originations. Previously Marzen severed as SVP, loan originations, with Wells Fargo.
THL Credit increased its credit agreement by $85 million to an aggregate size of $410 million and extended the maturity. ING Capital arranged and led the expansion and extension.
Bank of Lancaster hired John Powell as senior vice president, Commercial Banking relationship manager. Powell most recently served as Business banker with Union First Market.
New Leaf Brands received a $4 million credit facility from TCA Global Master Fund. The credit facility will be used for working capital and acquisitions.