News

Par Funding developed a factoring agreement with Quantum Builders, a registered service-disabled-veteran-owned company. Par Funding provided funds for the company in exchange for its accounts receivable.

Tradewind provided a $500,000 non-recourse export factoring facility to a leading designer, manufacturer and exporter of technical tubes and hoses based in Spain.

TradeCap Partners closed a $325,000 production finance facility to support a Michigan-based government contractor with a $635,000 fixed-price contract award.

Capital Now provided a $200,000 credit facility to a commercial electrician company located in Alberta.

Car app company Fair closed a $50 million debt facility with Silicon Valley Bank. The funds will be used to buy cars for the company’s users as it begins to scale globally.

Great American Group named Drew Jakubek and Bill Soncini national marketing managers of the firm’s Advisory and Valuation Services business.

Change Capital provided $150,000 in working capital to Pure Cycles, one of the largest distributors of lifestyle bicycles in the United States.

Sterling National Bank financed a secured credit facility for a provider of software management solutions for the ground transportation industry.

Utica Leaseco completed a $500,000 capital lease for a construction company during the week of January 21, 2019.

In a recent interview for the American Bankruptcy Instiute’s latest podcast, Jay Bender, Kristina M. Stanger and John H. Thompson discussed the unfortunate disparity in the Bankruptcy Code’s treatment for disabled veterans who seek Chapter 7 relief.