News

Sallyport Commercial Finance funded a $150,000 accounts receivable financing facility for a newly established food distribution company focused on serving the growing Asian consumer packaged goods (CPG) market. As a startup business entering a competitive market, the company required working...

According to Grant Thornton’s Q2/26 CFO Survey, just 37% of finance leaders are optimistic about the U.S. economy over the next six months, the lowest level recorded in the survey question’s 20-quarter history. At the same time, 67% expect to...

MidFirst Bank, a large, privately-owned bank, entered into a definitive agreement to acquire Dallas Capital Bank. Through this agreement, Dallas Capital Bank clients will benefit from the same trusted relationships and service enhanced by MidFirst’s additional scale, resources and product...

CohnReznick, a professional services firm, added Melissa Perkins as a partner in the firm’s expanding advisory practice. Based in the Boston area, she joins as a member of the enterprise applications team, where she will lead the launch of the...

First Horizon Bank added two new commercial banking leaders, a private client leader, a trust services regional manager and a retail market manager to its team. Daniel Bolongaro, senior vice president, commercial banking leader, has more than 25 years of...

nFusion Capital, a provider of financing solutions to small and middle-market businesses, provided a $2 million factoring facility to a Pittsburgh-based full-service commercial contracting and facility maintenance company. The financing will support the build-out of its commercial construction division. Historically,...

Blackstone Credit & Insurance (BXCI) launched SablePointe Credit Strategies, a new platform supporting origination, underwriting and portfolio management in asset-based lending. SablePointe hired James Garlick, former co‑founder of Wingspire, as president to lead its buildout and strategic growth. Headquartered in...

EverBank continued the growth of its lender finance group within the bank’s asset-backed finance division with the additions of Edward Chang, who joins as managing director, and Leslie Ramirez, who joins as associate. Chang joined EverBank earlier this year following...

CarParts.com entered into a $25 million revolving credit facility with First Business Bank. The credit facility matures in March 2028. “This credit facility, along with our already strong balance sheet, represents a significant milestone for the Company and underscores the...

TAB Bank closed an $8 million working capital facility for Optimum Foods, a veteran-owned small business with primary operations in Texas that provides and distributes shelf-stable meal solutions nationwide through parcel, less-than-truckload and full truckload shipping. The financing will support...