News

Celtic Bank, a Utah-based industrial bank, will expands its commercial loan offerings to technology companies that are not well suited for traditional loan products due to the nature of their business models with a new recurring revenue loan product.

Citizens M&A Advisory served as the exclusive financial advisor to Invisors, a Workday consulting firm based in Atlanta, on its recapitalization by WestView Capital Partners, a Boston-based private equity firm.

Sequential Brands Group, together with its wholly-owned subsidiaries, commenced voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of Delaware. In connection with this process, Sequential will be obtaining $150 million in debtor-in-possession financing from its existing...

Aeroméxico, which, under its debtor-in-possession term loan facility, needed to deliver final valuation materials to its DIP lenders in advance of filing a plan of reorganization by Aug. 23, intends to complete and send such materials during the 30-day grace...

Crestmark, the commercial finance division of MetaBank, secured a total of $46.9 million in asset-based lending/factoring financial solutions for 16 new clients in the first half of August.

Flexible Funding moved its headquarters from San Francisco to Fort Worth, TX. In addition, the company also expanded its team by hiring Steve Sala as CFO and Doug Gregory as CCO.

Sallyport Commercial Finance provided a $250,000 invoice factoring facility to help an individual client set up a new contracting business.

Franklin Capital completed a $250,000 factoring and purchase order finance facility for a Canadian-based apparel company that focuses on sportswear and outerwear.

PrimeRevenue, a provider of technology-enabled working capital solutions, and IFS Capital entered a partnership designed to address the trade finance needs of large and middle-market companies in Southeast Asia.

Tix Corporation and its wholly-owned subsidiary, Tix4Tonight, filed voluntary petitions under Subchapter V of Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Nevada.