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 ...

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

Why Lending Club’s Latest Move Is a Risky One

April 26th, 2016
Online marketplace lender Lending Club plans to sell its loans to Wall Street as bonds. Read the original here: Why Lending Club's Latest Move Is a Risky One
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