News

Santa Cruz County Bank consummated a holding company reorganization with the formation of West Coast Community Bancorp, which went into effect on Aug. 18.

Bobbi Acord Noland, commercial finance practice group leader and partner of Parker, Hudson, Rainer & Dobbs, was recognized among the top 10 influential banking and finance lawyers in Georgia for 2023 by Business Today.

Culain Capital Funding, a specialty finance firm focusing on funding solutions for small and medium-sized business in the U.S., completed two separate $1.5 million accounts receivable factoring and purchase order facilities.

Republic Business Credit partnered with an Alabama-based business specializing in aerial maintenance and oversight for utility and energy companies, providing the company with a $3 million factoring solution to refinance its incumbent bank and provide additional growth capital.

Arixa Capital Advisors, a private real estate lender and investment manager, launched a $100 million joint venture with funds managed by Oaktree Capital Management to originate senior secured loans backed by residential and commercial real estate.

According to PNC Bank’s inaugural survey about financial wellness in the workplace, seven in 10 employees said they experience stress related to their personal finances. Inflation is a key factor, with 90% of those surveyed saying that they are being...

HSBC Innovation Banking, a business division with services provided by HSBC Bank USA and its affiliates, expanded its venture debt offering in the U.S. to support companies from Series A through scaled multi-national enterprises.

Encina Lender Finance closed $360 million in funding commitments from nine banks.

Republic Business Credit provided a $1 million traditional factoring facility to a women-owned, Los Angeles-based women's apparel manufacturing company that sought funding to meet building demand.

eCapital closed a $6 million confidential factoring agreement with a growing paratransit and assisted mobility business.