News

Loeb financed mored than $12 million in equipment to seven new clients from a variety of industries, including mining, gear manufacturing and transportation.

Hilco Redevelopment Partners, a unit of Hilco Global, purchased an approximately 20-acre Potomac River generating station site in Alexandria, VA, from Potomac Electric Power Company.

MUFG Union Bank’s commercial banking group acted as lead arranger for a recapitalization for software company NetMotion. NetMotion is a portfolio company of The Carlyle Group.

Crestmark secured a total of $6.05 million in ABL financial solutions for five new clients, Crestmark Equipment Finance provided $4,371,057 in three new lease transactions and Crestmark’s government guaranteed lending group provided $12.722 million in financing in the first half...

Monroe Capital has provided approximately $450 million in direct financing support to more than 20 women and minority-owned businesses.

According to a survey from Cerebro Capital, 76% of non-bank lenders expect loan demand to surge over the coming months as borrowers leave commercial banks in search of relaxed covenants and flexible loan structures.

Express Trade Capital provided a $6 million factoring facility for an importer of menswear.

Gulfport Energy entered into a restructuring support agreement with more than 95% of its revolving credit facility lenders and certain noteholders. Alvarez & Marsal is serving as restructuring advisor to the company.

TD Bank ranked No. 1 in total number of approved U.S. Small Business Administration loan units in its Maine-to-Florida footprint for the SBA’s 2020 fiscal year, supporting more than 1,500 businesses through two SBA lending products: 7(a) and 504 loans.

Align Business Finance recently completed $34.3 million in transactions, including a $7.3 million senior secured facility for a Southwest trucking company.