News
Tuesday, October 13
on the tape
Deals
M&A, credit facilities and the day's biggest closings.
Idea Financial closes first $100M asset-backed securitization
The small business lender's three-class deal carries an A+ KBRA rating on senior notes and a three-year revolving period, adding to three existing warehouse facilities.
Valley to buy Bluevine for $340M, calling it a deposit play
Valley National Bancorp expects to close in early Q1 2027 without traditional bank regulatory or shareholder approval, and gains 175,000 small business banking customers.
Tzomtech acquires Easify; Allan Farago becomes CEO as founder steps down
The Israeli technology company plans to extend Easify from SMS and CRM into bank-statement analysis and underwriting software for merchant cash advance funders, brokers and lenders.
SMB finance mid-year 2026: withdrawn bids, lender growth and capital deals
A running list of 2026 headlines groups market events, growth signals and capital markets deals, from Enova's withdrawn bank bid to Forward Financing's $1.8B forward flow agreement.
SoFi signs $3B BasePoint deal and says it can undercut 30% SMB lenders
On its Q2 call, SoFi disclosed a three-year, $3 billion agreement with BasePoint Capital for its new SMB loan product and said it aims to take meaningful market share.
Fundworks extends and upsizes its investment-grade notes to $40M
The Salt Lake City small business funder will use the proceeds to refinance debt, lengthen maturities and fund origination growth, with Brean Capital as placement agent.
Stripe and Advent's $53B PayPal offer could join two big SMB lenders
Block left the bid, but Stripe and Advent are still pursuing PayPal. The two payments firms originate more than $3 billion a year in MCAs and short-term business loans.
Milestone Capital Partners closes $11.5M corporate note financing
The holding company for Milestone Bank will use proceeds to fund new originations and refinance holdco obligations. Brean Capital acted as sole placement agent.
Fund Street Technologies closes $45.5M seven-year investment-grade note
The parent company of One Park Financial says proceeds will support origination growth and strategic corporate initiatives. Brean Capital was sole placement agent.
