Marc S. Price, a former executive at Monroe Capital and Salus Capital Partners, joined PNC Business Credit as senior vice president, to head a newly established retail finance unit.
PNC Business Credit appointed Karl Brier as senior vice president and business development officer to its senior secured financing team in the western region. Brier was previously with Chase Commercial where he served as market executive.
Since the days when tall ships carried cargo across dangerous seas, underwriters have assessed the risks involved before signing off on financial transactions. While the nature of the risks may have changed, underwriters still conduct thorough due diligence to evaluate a company’s stability and the state of the collateral before deals are closed.
ABF Journal contributor Lisa Miller speaks with three underwriters to learn exactly how
they make those evaluations and which signs point to a successful outcome.
Ivan Trajkovic joined Provident Bank as vice president, relationship manager in the Asset-Based Lending group. Trajkovic was formerly with PNC Business Credit.
Presidential Financial hired PNC veteran Paul Krantz as a business development officer.
The Watermill Group completed an investment in the automotive industry with the acquisition of Experi-Metal. Cerberus Business Finance and the Business Credit division of PNC were lenders in the transaction.
ABF Journal contributor Lisa Miller spoke with five leading ABL lenders about the current landscape. After a lackluster 2015 and a slow start in 2016, they share their thoughts on changes in the economy and challenges that ABL lenders face. They look into their collective crystal ball, predicting a stronger second half for 2016.
AFI Group, a UK powered access equipment rental and training business, secured a £70 million ($76.05 million) refinancing from asset-based lender PNC Business Credit.
PNC announced the appointment of David Mengel, EVP, to head up the technology finance team based in San Francisco.
Reach4entertainment said it received an offer letter for a new ABL facility of up to $14.4 million with PNC Business Credit.