News
Friday, September 11
on the tape
Deals
M&A, credit facilities and the day's biggest closings.
Exclusive: Velocity Funding in Talks to Acquire Regional ISO Network for $45M
Sources close to the deal say Velocity Funding is finalizing the acquisition of BridgePoint Financial, a 12-state ISO network with 400+ active broker relationships.
Daily Deal Roundup: $12.4M in New Funding Across 47 Deals Closed Today
Today's biggest closings include a $1.8M equipment advance for a Texas construction firm and a $950K revenue-based deal for a California SaaS company.
Pacific Business Capital Raises $150M Credit Facility from Goldman Sachs
The expanded credit facility will allow the Los Angeles-based funder to increase daily funding capacity by 60% as it targets $500M in annual originations by year-end.
Daily Deal Roundup: $9.7M in New Funding Across 38 Deals
Monday's highlights include a $2.1M construction advance in Florida and a cluster of five restaurant deals totaling $780K through a single ISO.
Daily Deal Roundup: $8.2M Across 31 Deals on a Quiet Sunday
Weekend funding continues its upward trend with several notable same-day advances, including a $1.5M deal for a Miami hospitality group.
Atlas Capital Expands Into Canadian Market With $100M Allocation
The New York-based funder is entering the Canadian merchant cash advance market through a partnership with Toronto-based broker network NorthBridge Financial.
FinWise Bank Partners With Three New MCA Originators
The Utah-based bank has added three new MCA originators to its partnership program, expanding its indirect exposure to the alternative finance space.
Daily Deal Roundup: $11.1M Across 42 Deals — Busiest Saturday This Year
A record Saturday for deal flow as funders push to hit February targets, with the average advance size climbing to $264K from last month's $231K average.
Daily Deal Roundup: $10.3M in New Funding Across 39 Deals
Friday's deal flow featured heavy activity in the restaurant and retail verticals, with several multi-location franchise deals accounting for $3.2M of the total.