News

The asset-based lending team at Cambridge Savings Bank, a full-service mutual bank with $7 billion in assets, provided a $20 million revolving line of credit to Arctaris Impact Investors. Based in Wellesley, MA, Arctaris will use the financing to enhance...

Sallyport Commercial Finance provided a $10 million facility to a hydroponic and lighting supplies company in the agricultural industry. The funding, structured across accounts receivable, inventory and purchase order finance, is designed to empower the company with the working capital...

A court-approved bankruptcy sale on Feb. 19 offers an opportunity to acquire well-maintained trucks and trailers at liquidation values. Tiger Group is conducting the live webcast auction as part of the complete liquidation of a North American tractor truck and...

SHF Holdings d/b/a Safe Harbor Financial, a fintech in facilitating financial services and credit facilities to the regulated cannabis industry, closed a $1.5 million secured credit facility for a Missouri-based cannabis operator. This transaction marks the second tranche of a...

First Bank and Trust Company and its parent holding company, First Bancorp, promoted James T. Bowen II to senior vice president – credit administration. Bowen will take on this expanded role after 13 years of dedicated service to the organization,...

Cascadia Capital, an investment bank serving middle market clients globally, served as the exclusive financial advisor to Burlington Capital Partners, a Chicago-based lower middle market private equity firm investing in family and founder-owned businesses, on its sale of Sokol Custom...

T-Max Lending closed a $10.5 million commercial loan to a developer in Charleston. This financing will support the completion of a hotel currently under construction in the heart of Charleston. The loan was structured with a three-year term and an...

WesBanco and Premier Financial have received all necessary regulatory approvals for the pending merger of Premier with and into WesBanco. The companies previously announced that the shareholders of Premier and the shareholders of WesBanco had voted overwhelmingly to approve the...

Encina Lender Finance and Cardo AI have created a partnership designed to revolutionize the asset-based finance (ABF) market, as the companies aim to delivering faster, more efficient funding solutions for originators and greater capital deployment opportunities for institutional investors (LPs)....

Federal Reserve chair Jerome Powell delivered the central bank’s Semiannual Monetary Policy Report to Congress on Tuesday, signaling a steady approach to interest rates despite economic resilience and cooling inflation. Powell emphasized that the Fed remains focused on its dual...