Pacific Western Adds Fricke as SVP, BDO for ABL Team in North Texas

Melinda Fricke joined Pacific Western Bank as a senior vice president and business development officer for its asset-based lending team. Fricke previously worked for Crestmark Bank, Summit Financial, Wells Fargo Business Credit, Fremont Financial Business Credit/FINOVA and First Community Financial.

January 19, 2021 Asset Based Lending | Matt Lernor | Melinda Fricke | Pacific Western Bank Phil Neuffer

Gibraltar Business Capital Provides Credit Facility to Clearon Corp.

Gibraltar Business Capital provided a growth-enabling credit facility to Clearon Corp., a manufacturer of chlorinated dry bleach used in an array of applications, including water treatment, disinfection and sanitization.

January 19, 2021 Asset Based Lending | Clearon Corp. | Gibraltar Business Capital | J. Bryan Kitchen Phil Neuffer

Huntington Business Credit Closes $250MM Credit Facility for Concordance Healthcare Solutions

Huntington Business Credit acted as administrative agent and joint lead arranger in the closing of a new $250 million credit facility for Concordance Healthcare Solutions.

January 13, 2021 Asset Based Lending | Concordance Healthcare Solutions | Huntington Business Credit Phil Neuffer

SG Credit Partners Provides $2.2MM Facility to SaaS Platform

SG Credit Partners provided a $2.2 million senior secured facility with an interest-only period to a digital signage software-as-a-service platform.

January 13, 2021 Asset Based Lending | SG Credit Partners Phil Neuffer

Crestmark Secures $9.7MM in ABL Solutions in H2/Dec

Crestmark secured a total of $9.7 million in ABL financial solutions for four new clients and Crestmark’s government guaranteed lending group provided $38.165 million in financing for eight new clients in the second half of December.

January 12, 2021 Asset Based Lending | Crestmark Phil Neuffer

NFI Amends Existing Facilities with Bank of Nova Scotia and HSBC

NFI amended its existing $1.25 billion senior revolving credit facility and its £50 million ($67.6 million) revolving UK credit facility. The Bank of Nova Scotia is the administrative agent for the $1.25 billion revolver and HSBC UK is the administrative agent for the UK credit facility.

December 28, 2020 Asset Based Lending | Bank of America | BMO Capital Markets | Export Development Canada | HSBC Bank Canada | HSBC UK | ICICI Bank Canada | MUFG Bank | National Bank Financial | NFI | Pipasu Soni | TD Bank | The Bank of Nova Scotia | The Canadian Imperial Bank of Commerce | wells fargo Phil Neuffer

Macquarie Bank Delivers $40MM Credit Facility to Battle North Gold

Macquarie Bank provided a senior secured term loan facility of $40 million to Canada-based gold mine developer Battle North Gold Corporation to fund the construction of the Bateman Gold Project in Red Lake, ON.

December 23, 2020 Asset Based Lending | Battle North Gold Corporation | Cassels Brock & Blackwell | Cutfield Freeman & Co. | George Ogilvie | Macquarie Bank Phil Neuffer

Sterling Provides $2.5MM in Secured Credit Facilities to Talent Management Company

Sterling National Bank’s commercial services group provided senior secured credit facilities totaling $2.5 million to a nationwide talent management company.

December 23, 2020 Asset Based Lending | Sterling National Bank Phil Neuffer

Huntington Business Credit Closes $15MM Credit Facility for The Miller Company

Huntington Business Credit closed a new $15 million credit facility with The Miller Company, which used the proceeds of the facility to support its acquisition by Deutsche Invest Capital Partners and to provide ongoing working capital growth financing.

December 22, 2020 Asset Based Lending | Huntington Business Credit | The Miller Company Phil Neuffer

Dances With Wolves: The Importance of Having the Right BDO in Out-of-Footprint ABL

The quest for coast-to-coast asset-based lending shops has created an intensely competitive “frontier” in the lending environment. Charlie Perer examines this trend and concludes that hiring the right business development officer must be a top priority to succeed.

September 22, 2020 Asset Based Lending | Charlie Perer | SG Credit Partners Phil Neuffer