Industry

BHI Provides $80MM Construction Loan to Building Project in New York

BHI provided an $80 million construction loan to 200 East 20th St. The 200 East project is a development of a new condominium building located at 20th Street and Third Avenue in the Gramercy Park neighborhood of Manhattan, NY. read more

Solifi and Codat Partner to Streamline ABL Online Experience

Solifi, a global fintech software company, partnered with Codat to make it easier for customers to optimize business operations, streamline processes and make informed decisions securely and accurately. read more

North Mill Equipment Finance Reports Record Originations for 2022

North Mill Equipment Finance (NMEF), an independent commercial equipment lender located in Norwalk, CT, reported its organic lease and loan originations reached an all-time high and financial and operational key performance indicator exceeded all expectations in 2022. read more

John Deere Chooses 2023 Startup Collaborators

John Deere released the names of eight companies chosen for its 2023 Startup Collaborator program. read more

CFOs Face Talent Recruitment Challenges While Considering Workforce Reductions

According to a survey from Grant Thorton, although many CFOs expect continued challenges attracting and retaining talent, the top area cited for potential costs cuts was expenses related to employee headcount and compensation. read more

STRIPES Leadership Announces Graduate Program

STRIPES Leadership Program, the professional and personal leadership development program created in partnership with Monitor, announced additional offerings for graduates of the STRIPES program. read more

Clarus Capital Closes $7MM Lease Facility for Industrial Manufacturer

Clarus Capital completed a new lease facility for a public industrial manufacturer. Clarus’ financing will support the strategic expansion of the company’s specialized production capabilities and drive manufacturing efficiency across the organization. read more

Small and Midsize Businesses Anticipate Recession in 2023

According to JPMorgan Chase’s recently released 2023 annual Business Leaders Outlook survey, the majority of small and midsize U.S. business leaders anticipate a recession in 2023, with 65% of midsize businesses and 61% of small businesses indicating as such.  read more

Oakmont Capital Services Reaches 25-Year Milestone

Oakmont Capital Services will celebrate its 25th anniversary this year. Since its founding in 1998, OCS has matured into a direct lender with offices in both West Chester, PA, and Albany, MN, and a staff of more than 60 finance professionals. read more

Utica Equipment Finance Completes $10MM Capital Lease Transaction

Utica Equipment Finance completed a $10 million capital lease transaction in December. The Capital Lease was secured by in-use cranes, heavy haul trailers and heavy haul trucks for a company primarily operating in the Northeast.  read more

Commercial Chapter 11 Filings Increased by 2% in 2022

Commercial Chapter 11 filings increased by 2% to 3,816 in calendar year 2022 from the previous year’s total of 3,726. Subchapter V elections within Chapter 11 also experienced an increase in calendar year 2022, as the 1,433 filings represented a 13% jump from the 1,263 filings recorded in 2021, according to Epiq Bankruptcy. read more

Crown Partners Arranges $75MM Senior Debt Facility for HOP Energy

Crown Partners arranged a $75 million senior debt facility for HOP Energy, a portfolio company of Delos Capital. Crown Partners served as exclusive financial advisor to HOP in connection with this transaction.  read more

Northteq and FinWise Bank Launch Aurora Loan Origination System

Northteq, a provider of Salesforce loan origination solutions, and FinWise Bank, a subsidiary of FinWise Bancorp, launched Northteq’s Aurora Loan Origination System (LOS) to support FinWise’s nationwide expansion into the equipment finance industry. read more

Clarus Capital Closes $19MM Lease for Manufacturer of Microelectronics

Clarus Capital closed a new $19 million lease for a diversified manufacturer of microelectronics. read more

Brookline Bancorp Receives Approvals for PCSB Financial Acquisition

Brookline Bancorp received the requisite regulatory approvals to complete the acquisition of PCSB Financial. read more

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.
www.abfjournal.com