News

CHICAGO — CIBC announced the addition of Ben Colley as Managing Director, Business Development Officer in its Asset-Based Lending (ABL) team. With over 12 years of asset-based lending experience in both originations and underwriting, he will lead new deal originations across...

Rosenthal & Rosenthal, Inc., announced the completion of five equipment financing deals totaling $10 million in the first quarter of 2025. The five transactions represent a broad range of industries and an equally varied mix of equipment classes. The various financing...

WILMINGTON, Del. — WSFS Bank, the primary subsidiary of WSFS Financial Corp. (Nasdaq: WSFS), has named Kate McGlinchey as senior vice president and chief compliance officer. McGlinchey will report to Christine Davis, executive vice president and chief risk officer at...

MIAMI — First American Bank has appointed Alex Pascual as its new Commercial Lending Group Head, adding a seasoned leader with more than 25 years of experience in commercial banking to its executive team. Pascual joins the bank from Amerant...

LOS ANGELES —An online auction by Tiger Group on April 29 features equipment from the advanced operations of a California battery manufacturer. Originally acquired for approximately $6 million, the 74 lots of machinery and equipment on offer are excess to...

Utica Equipment Finance is pleased to announce the closing of a $1,000,000 Capital Lease, secured by specialized oilfield equipment, for a Colorado-based company specializing in oil well completions and fluid pumping services. This strategic financing will enable the company to...

AUSTIN, Texas – nFusion Capital recently provided a $500,000 Factoring Facility to an information technology staffing company based in Michigan specializing in the temporary and permanent placement of engineers for the automotive industry. The staffing agency also places technical, manufacturing,...

NEW YORK – Ares Commercial Finance (“ACF”) announced today that it has expanded its asset based lending (“ABL”) capabilities by adding a Healthcare-focused team. This newly added team will expand an already robust ABL platform with a complementary healthcare focus,...

MidCap Financial, a leading commercial finance company focused on middle market transactions, today announced it has provided a senior secured credit facility to Silver Group Holdings, LLC ("SilverAssist" or the "Company"). Proceeds from the credit facility will be used to...

FGI Worldwide LLC has announced the hiring of Lydia Taylor as Director, FGI Tech. Based in Florida, Ms. Taylor will focus on developing relationships and connecting businesses throughout the United States to T.R.U.S.T., FGI Tech's cloud-based SaaS credit insurance monitoring...