News

Stonebriar Amends $1B Revolver with Bank of America

Commercial finance company Stonebriar Commercial Finance extended and amended certain terms of its existing $1 billion revolver with Bank of America as agent on the facility. read more

Cronin Joins Santander as Head of ABL Business

Santander Bank selected Paul Cronin to lead the bank’s ABL business in its Commercial Banking division. He will report to David Swoyer, Santander Bank’s head of Commercial Banking. read more

DLL Funds First Project Under CA GoGreen Financing Program

The California Hub for Energy Efficiency Financing’s GoGreen Financing program confirmed the approval of its first Small Business Financing project, with DLL providing the project financing for the end user. read more

Garrod Joins Industrial Funding Group as Managing Director

George Garrod joined Industrial Funding Group, a division of Tauber-Arons, as a managing director to establish an office in Chicago. read more

Thorp, Crosby Join Verdant Specialty Vehicle Finance Team

Verdant Commercial Capital added Pete Thorp and Craig Crosby to their strategic Specialty Vehicle financing vertical market segment. read more

Second Avenue, White Oak Agent $16MM Facility for Marolina Outdoor

Second Avenue Capital Partners and White Oak Commercial Finance, an affiliate of White Oak Global Advisors, closed on a $16 million asset-backed revolving credit facility for Marolina Outdoor. read more

Encina Provides $10MM Lease Line to Logistics Firm

Encina Equipment Finance provided a $10 million equipment lease line to a third-party logistics company. read more

Amerisource Provides $2MM Facility to Medical Research Company

Amerisource Business Capital closed and funded a $2 million credit facility for a medical research and record retrieval company based in Texas. read more

CIT to Acquire Mutual of Omaha Bank

CIT Group and Mutual of Omaha signed a definitive agreement for CIT Bank to acquire Mutual’s savings bank subsidiary, Mutual of Omaha Bank, for a purchase price of $1 billion. read more

Crestmark Promotes Three in Transportation Finance

Crestmark’s Transportation Finance Division promoted Sherri Holmes and Kim Meek to portfolio management for the division and Phyllis Packard to vice president, legal compliance. read more

Baker Joins ENGS Commercial Capital as VP/BDO

ENGS Commercial Capital, a subsidiary of ENGS Commercial Finance, brought on board David Baker as vice president and business development officer. read more

Fleet Advantage Releases White Paper on Business Intelligence

Fleet Advantage released its latest comprehensive industry white paper report: “The Future of Transportation Fleets: How Business Intelligence is Steering More Profitable Decisions.” read more

Wells Fargo Taps Taylor to Lead Merchant Services

Colleen Taylor joined Wells Fargo as head of Wells Fargo Merchant Services. She will report to Danny Peltz, head of Treasury, Merchant and Payment Solutions and work in New York. read more

SQN Provides $3.4MM Equipment Lease to Oil Field Services Firm

SQN Capital Management provided a $3.4 million equipment lease facility to a provider of oil field hydraulic jet pumping services in the U.S. read more

CDB Aviation Delivers Airbus A320neo to Ural Airlines

CDB Aviation delivered an Airbus A320neo aircraft to its new customer in Russia, Yekaterinburg-based Ural Airlines. read more

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Terry Mulreany
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