The Receivables Exchange Funds Over $1 Billion to SMBs
The Receivables Exchange announced that since inception it has funded over $1 billion to small- and mid-sized businesses.
January 6, 2012
ABF Journal
The Receivables Exchange announced that since inception it has funded over $1 billion to small- and mid-sized businesses.
Levine Leichtman Capital Partners promoted Kimberly Pollack and Aaron Perlmutter to general partners of the firm. Pollack joined Levine in 2001 and worked at Allied Capital and First Chicago, Perlmutter joined the company in 2003 from One Equity Partners.
Huntington Capital Fund II announced the funding of a syndicated mezzanine loan to Protect Plus Air Holdings. Huntington Capital co-invested in the transaction with Plexus Capital Fund II.
Graystone Capital has provided a $700,000 accounts receivable line of credit to a 25-year-old perishable food/frozen food transportation company located in the greater Chicago, IL area.
RBC Capital Markets appointed Vito Sperduto as head of U.S. Mergers & Acquisitions Investment Bank Group reporting to Blair Fleming, head of U.S. Investment Banking. He joined RBC as a managing director in 2008, and previously was a director and head of Software M&A coverage for CIBC World Markets.
American Guard Services (AGS) has obtained a $10 million working capital revolving line of credit to fund expansion and growth. Lawrence Financial Group of Los Angeles introduced AGS to its new lender.
First Business Bank-Milwaukee announced that Rick Krauthoefer has been hired as vice president – Commercial Lending. Krauthoefer comes to First Business with 30 years of middle-market banking experience. Prior to First Business, he was vice president at TCF Bank, American National Bank/Bank One and M&I Bank.
Global Axcess, an independent provider of self-service kiosk solutions, has refinanced its $2.5 million credit facility with Fifth Third Bank, and secured a new, $3 million credit facility for potential M&A activity.
Keltic Financial Services funded a $4 million revolving line of credit for Source Broadband Services, Source Power Services, and their affiliates. Tenth Street Capital provided additional financing for the companies.
Morgan Joseph TriArtisan, the investment and merchant bank focused on middle-market companies, announced the addition of two new managing directors, John Cramer and Andy Sherman, to its Healthcare Investment Banking Group.