90% of small the small business owners surveyed in TD Bank’s 2024 Small Business Survey noted their optimism for the future of their business in the next 12 months, which is up from 80% in 2023 despite the prolonged turbulence in the economic environment.
Alvarez & Marsal’s (A&M) health industry group hired Mark Sugrue as a senior director in its health system practice. Sugrue has focused on advising clients on transformation initiatives bridging the gap between clinical and technology.
Monroe Capital acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition and growth of Interstate AC Service, Kimbro Mechanical and Open Source Controls by private equity sponsor Point 41 Capital Partners.
SLR Business Credit provided a $28 million credit facility to a North American distributor of mobile air compressors, generators and air tools. SLR provided a $28 million flexible asset-based credit facility that allows the company to achieve its strategic growth plans.
Jason P. Shanahan, a 24-year veteran of the asset-based lending and consumer finance industries, joined Tiger Finance as a managing director. In this role, Shanahan will focus on identifying both secured debt financing and equity capital opportunities.
Encina Lender Finance closed a $20 million senior credit facility for an indirect auto finance platform with a network of dealers spanning across 30+ states. The borrower will use this facility to support its continued expansion.
The Hedaya Capital Group provided a $5 million factoring line to a home textiles vertical mill business. Partnering with Hedaya gave the company the flexible working capital it needed to continue its growth trajectory.
Byline Sponsor Finance, a division of Byline Bank, has provided financing to support Prospect Partners’ recapitalization of Warren Roofing & Insulating, Cleveland Building Restoration and Total Roofing Services.
HCAP Partners promoted Jessica Kim and Ben Consoli to vice president and hired Chenjing Wang as senior associate, all within its investment team. Kim, Consoli and Wang are responsible for structuring, closing and monitoring debt and equity investments.
Republic Business Credit continued its national growth trajectory with the addition of Katherine Hebert Seghers as vice president, senior accountant and Danielle Wright-Madison as vice president, underwriting.