News

Brookridge Funding has closed $4.05 million in purchase order facilities for four new clients: A $2 million facility for an Iowa importer of tracking devices An $800,000 facility for a California government reseller of defense-related products A $750,000 facility for...

PlainsCapital Bank promoted Seth Schulz, commercial lending manager, to Lubbock market president, succeeding David Quintanilla, whose promotion to West Texas region chairman was announced in December 2024 and became effective on Jan. 1. In addition, Mark Rosenberg, West Texas real...

T-Max Lending, a company in creative commercial financing, funded the acquisition and redevelopment of a hotel into a regional shopping mall. The project was financed with a loan package structured to support both the acquisition and extensive renovations required to...

Cloud Capital Funding, a company providing factoring, purchase order funding and supply chain finance solutions to businesses, funded a $2 million accounts receivable factoring facility to a pet supplies wholesaler based in Connecticut. The funding from Cloud Capital Funding will...

Thrive, a provider of cybersecurity, cloud and IT managed services, reached a definitive agreement for a strategic investment from Berkshire Partners and existing investor Court Square Capital Partners. Concurrent with this investment, founding investor, MC Partners, will sell its remaining...

JOANN, a retailer in sewing, fabrics and arts and crafts, has filed for Chapter 11 bankruptcy for the second time in less than a year. The move, announced in a press release on January 15, aims to facilitate a sale...

MidCap Financial, a commercial finance company focused on middle market transactions, provided a $17.5 million senior secured credit facility to Kellenberger, a portfolio company of Centre Lane Partners. Proceeds from the MidCap Financial credit facility will support Kellenberger’s ongoing working...

Prospect Medical received approvals from the United States Bankruptcy Court for the Northern District of Texas for certain “first day” motions related to the company’s voluntary Chapter 11 petitions filed beginning on Jan. 11, 2025. The bankruptcy court granted Prospect...

Encouraging signs from December’s inflation data, combined with robust bank earnings, have reignited hopes that the Federal Reserve may lower interest rates in 2025. The Bureau of Labor Statistics reported a 0.2% month-over-month increase in core inflation, the first slowdown...

Global private equity and venture capital deals showed resilience in 2024 as aggregate deal value increased for the first time since 2021, according to S&P Global Market Intelligence data. Total deal value rose 24.7% year over year to $639.02 billion,...