GMA Funding Names Rothman CEO of GMA Factor’s Operating Units

April 29th, 2016
GMA Funding, a provider of factoring and alternative commercial finance services, announced the board of directors selected James Rothman as CEO of GMA Factor and its operating units GMA USA and CoreFund Capital . Rothman will be joining GMA and its family of companies to grow it into a multi-dimensional lender with assets in asset-based lending, factoring, merchant funding, real estate finance, lender finance, as well as the proprietary loan servicing platforms developed by the group. “While ABL and ...

Silicon Valley Bank Provides $25MM Term Loan for ArtiCure

April 29th, 2016
AtriCure entered into an amended and restated term loan and revolving line of credit agreement with Silicon Valley Bank , providing access to a new $25 million five-year term loan, as well as renewing a $15 million revolving line of credit. “We are pleased to have Silicon Valley Bank as a partner,” said Andy Wade, senior vice president and chief financial officer of AtriCure Read more: Silicon Valley Bank Provides $25MM Term Loan for ArtiCure

Former GE Capital Top Performer Joins CapitalSource

April 28th, 2016
Brett Hewitt joined CapitalSource’s Corporate Asset Finance team as a senior vice president of originations. View original post here: Former GE Capital Top Performer Joins CapitalSource

KeyBank, MUFG Upsize Horizon Technology Finance Facility to $95MM

April 28th, 2016
Horizon Technology Finance has increased its syndicated revolving credit facility to $95 million, led by KeyBank . MUFG Union Bank, a new lender, committed $25 million. The facility has an accordion feature, which allows for an increase in the total loan commitment to $150 million Read this article: KeyBank, MUFG Upsize Horizon Technology Finance Facility to $95MM

CIT Q1 Earnings Reflect Impact of OneWest Acquisition

April 28th, 2016
CIT Group reported Q1/16 net income of $147 million compared to net income of $104 million for the year-ago quarter, which reflects results prior to the acquisition of OneWest Bank. Income from continuing operations for Q1/16 was $152 million compared to $104 million in the year-ago quarter. “Since I recently became CEO and defined our strategy to become a leading national middle market bank, our team has been very focused on executing on our plan to improve returns as ...

Super G Provides $1.25MM 2nd Lien Loan to Complement Bibby ABL

April 27th, 2016
Super G Funding closed a $1.25 million second lien loan to complement an ABL provided by Bibby Financial Services . The client recently transitioned from a commercial bank lender to Bibby Financial Services Read the original post: Super G Provides $1.25MM 2nd Lien Loan to Complement Bibby ABL