TIAA completed the sale of TIAA Bank to private investors with experience in financial services and will now officially begin operating once more as EverBank under a new national bank charter. Terms of the transaction are not being disclosed. read more

AUG 2, 2023 - 7:01 am

First Citizens Bank’s middle market banking business arranged $58 million in financing for Tanger Houston, an open-air outlet center located in Texas City, TX. read more

AUG 2, 2023 - 6:56 am

Economic activity in the manufacturing sector contracted in July for the ninth consecutive month following a 28-month period of growth, according to the latest Manufacturing ISM Report on Business from the Institute for Supply Management. read more

AUG 2, 2023 - 6:55 am

LTi Technology Solutions achieved Veracode Verified standard status. The Veracode Verified program provides third-party validation of a company's secure software development processes from Veracode, a provider of software security solutions. read more

AUG 1, 2023 - 6:53 am

First Citizens Bank’s healthcare finance business provided a $50.3 million loan to a joint venture led by Rethink Healthcare Real Estate to refinance the Medical Pavilion at White Oak, an on-campus medical office building in Silver Spring, MD. read more

AUG 1, 2023 - 6:50 am

Mitsubishi HC Capital America reported that it is experiencing record growth with its assignment financing programs, which allow OEMs, manufacturers, resellers and vendors to receive upfront cash payments for their customer’s as-a-service (aaS) contracts. read more

AUG 1, 2023 - 6:48 am

eCapital received a $110 million increase to the syndicated bank facility supporting its asset-based lending group. With its latest increase, eCapital’s total bank facility commitments now exceed $1.4 billion. Wells Fargo acted as administrative agent for the syndicated facility. read more

AUG 1, 2023 - 6:43 am

Versant Funding funded a $4.8 million non-recourse factoring transaction for a commercial bakery that serves major grocery chains. read more

AUG 1, 2023 - 6:34 am

The increasing reliance on technology by equipment finance companies makes investment in software solutions a critical consideration. To assist in the decision-making process, the Equipment Leasing and Finance Association released its 2023 Software Guide. read more

JUL 31, 2023 - 6:49 am

MMP Capital signed on as a sponsor for SUSA FC Academy, a Long Island, NY-based soccer academy with more than 1,600 players, affiliate clubs and additional youth development programs. read more

JUL 31, 2023 - 6:48 am

Encina Private Credit served as revolver agent and term loan lender for a senior secured credit facility to support the long-term growth of Visual Edge IT, a company that specializes in managed IT services and security, cloud computing and print/copy solutions for businesses across the U.S. read more

JUL 31, 2023 - 6:45 am

FinWise Bancorp entered into a membership interest purchase agreement with Business Funding Group (BFG) and four members of BFG to acquire an additional 10% ownership and voting interest in the company, bringing its total ownership to 20% upon closing. read more

JUL 31, 2023 - 6:40 am

Dynamic Capital Equipment Finance, a wholly-owned subsidiary of Progressive Capital Equipment Finance, secured a $55 million funding facility from Mitsubishi HC Capital Canada. read more

JUL 28, 2023 - 7:26 am

The Equipment Leasing & Finance Foundation released its Q3/23 Equipment Leasing & Finance Industry Snapshot. The foundation projected that the U.S. economy will grow by 1.6% in 2023 but continues to expect a recession to begin before the end of the year. read more

JUL 27, 2023 - 6:55 am

DBRS Morningstar upgraded Stonebriar Finance Holdings’ and its related entities’ long-term issuer and senior debt ratings from BBB (low) to BBB supported, in part, due to Stonebriar’s resilient earnings capacity and strong credit and asset performance since inception. read more

JUL 27, 2023 - 6:50 am