News

TriState Capital Bank added Tiffany Murtha as senior vice president, treasury management sales officer. In this role, Murtha is responsible for developing new business relationships and expanding existing client partnerships by providing consultative treasury management and payment solutions to businesses...

First Internet Bank promoted Nick Campbell to senior vice president, chief lending officer. In his new role, he will lead the bank’s lending organizations, including small business lending; owner-occupied and investor commercial real estate; commercial and industrial lending; construction lending;...

AFS, a provider of commercial loan servicing and loan lifecycle management technology to the financial services industry, acquired Debticate, a provider of loan syndication and sales workflow software for financial institutions. The acquisition blends AFS’s expertise in loan servicing with...

The company was seeking additional working capital to support continued growth, accommodate larger customer orders and provide competitive credit terms to its customers. Sallyport Commercial Finance funded a $1 million accounts receivables factoring facility for an established beauty and cosmetics...

MidCap Business Credit closed a $10 million asset-based credit facility for a privately held paper converter specializing in custom paper products for packaging manufacturers. The financing package consists of a working capital revolver and equipment term loan. The facility will...

Advantage Business Capital provided a $2.25 million asset-based loan to a security staffing services company. Advantage provided the company with a scalable financing structure capable of supporting its expanding operations and future contract growth.

TradeCap Partners, a provider of purchase order funding, closed a $350,000 purchase order finance facility for a startup candy distributor led by a management team with extensive industry experience. TradeCap was introduced to the company by an East Coast factor...

Commercial Finance Partners (CFP), a debt advisory and direct lending platform, has closed a $750,000 accounts receivable purchase facility for a St. Louis-based contract security services company that recently completed a change-of-ownership acquisition financed with an SBA 7(a) loan. The...

FGI Worldwide, a provider of working capital financing and trade credit insurance solutions, readded Rick Perea to FGI Risk as director of business development. Based out of FGI’s Boca Raton office, Perea will focus on business development and relationship management,...

Huntington Bancshares appointed Brant Standridge as president of Huntington Bancshares and its subsidiary, The Huntington National Bank, effective immediately. The promotion reflects an extensive succession planning process conducted by the board of directors; chairman and CEO Steve Steinour; and third-party...