News

TAB Bank opened a small ticket accounts receivable financing office in Plano, TX, with a team of 22 commercial finance professionals. The office will provide for all commercial industries except medical and construction.

DPW Holdings converted all of its secured debt, totaling just under $5 million, to equity.

Runway Growth funded three loans and other investments during Q3/20, including a $40 million senior secured term loan commitment to new portfolio company, Porch.com.

BizCap secured growth capital for Community Eco Power, a group operating two plants in Massachusetts.

Encina Capital Partners launched Encina Lender Finance, a new independent lender finance platform targeting commercial and consumer specialty finance companies in the U.S. and Canada. Luke Graham and John Thomas will lead the new platform.

A&G Real Estate Partners completed bankruptcy court-approved sales of Stage Stores, a Texas distribution center and two other properties. A&G has been serving as real estate advisor for a Houston retailer, which liquidated all its stores after filing for Chapter...

In the first half of October, Crestmark secured a total of $30,557,358 in ABL financial solutions for 13 new clients and Crestmark’s government guaranteed lending group provided $9,396,250 in financing for three new clients.

J.C. Penney Company filed a draft asset purchase agreement, which tracks the terms of the previously announced letter of intent, to sell JCPenney. All parties are working to conclude negotiations and intend to utilize the ongoing mediation process to achieve...

Libbey, a glass tableware manufacturer, secured exit financing consisting of a $150 million term loan and a $100 million asset-based lending facility and expects to emerge from Chapter 11 with under $200 million of funded debt.

First Women’s Bank, a women-led commercial bank with a mission to grow the small business economy and advance the role of women within it, selected Fiserv, a global provider of financial services technology solutions, to enable the bank’s launch in...