News

Sallyport provided a $1 million factoring facility to a growing electronic components distributor, referred to Sallyport by one of its trusted broker partners. As the company expanded its footprint and order volume, so did its working capital requirements. Longer receivable...

Kent Outdoors secured a $90 million asset-based revolving credit facility from PNC Business Credit. The multi-year financing further strengthens Kent’s domestic market position and provides flexible liquidity to support seasonal working-capital needs, helping the company sustain its trajectory of growth....

Gibraltar Business Capital (GBC) closed a $15MM senior secured facility for Sampa USA, a distributor of heavy-duty commercial parts for trucks, trailers and buses. The new facility supports Sampa’s operations in the United States by refinancing existing debt, providing more...

Origis Energy, a renewable energy platforms, announced financial close for the Swift Air Solar II and Swift Air Solar III projects in Ector County, Texas. The two projects have a combined nameplate capacity of 313 MWdc. The $290 million senior...

Cambridge Savings Bank (CSB) added W. Calvin “Cal” Navatto as senior vice president, senior asset-based lending (ABL) relationship manager within its commercial division. In this role, Navatto will focus on expanding CSB’s asset-based lending portfolio, deepening relationships with middle-market companies, and...

Runway Growth Capital, a provider of growth loans to venture and non-venture–backed companies, added Ryan McCarthy as a managing director. McCarthy brings nearly two decades of experience across venture debt, debt advisory and investment banking, spanning the technology and life...

Core Innovation Capital, an early-stage VC firm investing in platforms that power wealth and health, added Michael J. Hsu as venture partner. Hsu, who most recently served as acting comptroller of the currency, brings more than 20 years of leadership...

ArentFox Schiff added Julia Zhu-Morelli to its corporate and securities practice in Los Angeles as a partner. Julia brings extensive experience representing U.S. and Chinese companies in complex corporate and transactional matters. Zhu-Morelli advises companies on a wide array of...

Sallyport funded a $1 million factoring facility for a growing Canadian manufacturer, referred by a trusted corporate banking consultant. The business required immediate support to complete repayment to the major Canadian bank, clearing the way for improved cash flow and...

Asset-based lender Ultimate Finance launched Optimise, a new bridging loan for brokers supporting experienced residential property developers and investors who need to move fast. Built around a digital application journey with simplified underwriting and a streamlined legal path, Optimise is...