Encompass Appoints Sharp as ABL Industry Advisor

April 29th, 2016
Encompass  appointed former CEO of the Asset Based Finance Association (ABFA), Kate Sharp, as an industry advisor. Sharp will be responsible for supporting and accelerating the company’s growth as a supplier of innovative visual analytics technology to the UK’s asset based lending, factoring and invoice discounting industries. Sharp served as CEO of the Asset Based Finance Association from 2003 to 2014. Read more: Encompass Appoints Sharp as ABL Industry Advisor

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 ...

Citizens Bank Provides $15MM Resolver to Lytron

April 28th, 2016
Citizens Commercial Banking has provided Woburn, MA-based Lytron with a new $15 million revolving line of credit. Lytron will use the funds to refinance existing debt and for general corporate purposes Continue reading here: Citizens Bank Provides $15MM Resolver to Lytron

Siena Closes $15MM Rotorcraft Leasing Facility

April 28th, 2016
Siena Lending Group completed a $15 million credit facility for Rotorcraft Leasing Company to refinance its existing senior debt and to support its working capital needs. Rotorcraft is an investment of Bain Capital Credit, formerly known as Sankaty Advisors. Headquartered in Broussard, LA, Rotorcraft provides helicopter transportation of personnel, parts and equipment to and from offshore platforms and rigs for customers primarily engaged in oil and gas production in the shallow waters of the Gulf of Mexico. See the ...

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