News

TD Bank’s U.S. SBA Lending Group closed $2.4 million combined in 7(a) term and 7(a) express loans for The Kubert School in Dover, NJ, which offers a fully accredited three-year course for cartoon and graphic arts.

Coral Capital Solutions provided a $1.2 million annual factoring facility to a startup distributor of natural frozen hand-held pies.

SG Credit Partners provided a $6.5 million senior secured credit facility to a SaaS company

Wells Fargo reported its financial results for the third quarter of 2019. Net income for the quarter was $4.6 billion, compared with $6.0 billion in third quarter 2018.

JPMorgan Chase Bank acted as administrative agent on a $60 million upsize to Lawson Products’ credit facility, bringing the total borrowing capacity to $100 million.

Monroe Capital acted as administrative agent and joint lead arranger on the funding of a senior credit facility to support TEAM Services Group’s partnership with AmeriBest Home Care.

Mercantile Bank reported net income of $12.6 million for the third quarter of 2019, compared with net income of $10.1 million for the respective prior-year period.

North Mill Capital provided a $3.5 million accounts receivable credit facility to Innominds Software.

Internex Capital provided $500,000 to a Texas-based company that specializes in environmental lab testing.

According to the Wall Street Journal, lenders for bankrupt retailer Barneys New York have extended the deadline for the company to find a stalking horse bidder until Tuesday, October 15.