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News
Pathlight Capital Serves as Administrative Agent on $60MM Senior Secured Term Loan to Lifetime Brands
3+ day, 7+ hour ago (161+ words) ABF Journal Pathlight Capital served as administrative agent on a $60 million senior secured term loan for Lifetime Brands, a global designer, developer and marketer of a broad range of branded consumer products used in the home Proceeds from the facility…...
Sallyport Commercial Finance Funds $1MM A/R Factoring Facility for Beauty and Cosmetics Distributor
3+ day, 7+ hour ago (228+ words) The company was seeking additional working capital to support continued growth, accommodate larger customer orders and provide competitive credit terms to its customers. The new facility will provide the liquidity needed to purchase inventory from suppliers, fund larger orders and…...
TradeCap Partners Provides $7.5MM PO Facility to Importer of Warehouse Rack Systems and Carts
3+ day, 7+ hour ago (325+ words) ABF Journal TradeCap Partners recently provided a $7.5 million purchase order funding facility for an importer of warehouse rack systems and carts based in the Midwest TradeCap was introduced to the client by an asset-based lender who had assessed that the…...
Sallyport Funds $500K A/R Factoring Facility for Healthcare Staffing Company
4+ day, 5+ hour ago (196+ words) ABF Journal Referred to Sallyport by a previous client, the company needed additional working capital to bridge the gap between paying healthcare professionals and collecting payments from customers Sallyport Commercial Finance funded a $500,000 accounts receivable factoring facility for a growing…...
Commercial Finance Partners Closes $750K A/R Facility for SBA-Financed Security Services Acquisition
4+ day, 6+ hour ago (225+ words) ABF Journal Commercial Finance Partners (CFP), a debt advisory and direct lending platform, has closed a $750,000 accounts receivable purchase facility for a St Louis-based contract security services company that recently completed a change-of-ownership acquisition financed with an SBA 7(a) loan The…...
MidCap Business Credit Closes $10MM Asset-Based Credit Facility for Paper Converter
4+ day, 7+ hour ago (147+ words) abfjournal.com MidCap Business Credit closed a $10 million asset-based credit facility for a privately held paper converter specializing in custom paper products for packaging manufacturers The financing package consists of a working capital revolver and equipment term loan The facility…...
TradeCap Partners Closes $350K Purchase Order Finance Facility for Candy Distributor - ABF Journal
4+ day, 7+ hour ago (170+ words) TradeCap Partners Closes $350K Purchase Order Finance Facility for Candy Distributor abfjournal.com TradeCap Partners, a provider of purchase order funding, closed a $350,000 purchase order finance facility for a startup candy distributor led by a management team with extensive industry experience....
SouthStar Capital Deploys $3MM Invoice Factoring Facility to Charlotte-Based Steel Services Company
4+ day, 7+ hour ago (176+ words) abfjournal.com SouthStar Capital, a private direct lender and specialty finance company, closed a $3 million invoice factoring facility for a Charlotte-based stud welding company serving steel fabricators As the company continued to grow, the timing gap between completing projects and…...
Horizon Technology Finance Provides $15MM Loan Facility to Bioness Medical
1+ week, 3+ day ago (215+ words) ABF Journal Horizon Technology Finance, an affiliate of Monroe Capital, provided a $15 million senior credit facility to Bioness Medical, with an initial $10 million funded at closing, and up to $5 million available to support Bionessâs continued growth âProviding flexible…...
TradeCap Partners Closes $500K Purchase Order Finance Facility for Safety Products Supplier
1+ week, 4+ day ago (167+ words) ABF Journal TradeCap Partners, a provider of purchase order funding, closed a $500,000 purchase order finance facility for a supplier of technology-driven safety products serving the material handling equipment industry TradeCap was introduced to the company by a Texas-based community bank…...