SquareTwo Financial Attorneys Admitted to U.S. Supreme Court Bar

SquareTwo Financial honored ten of its attorneys following their swearing in last week as members of the Bar of the Supreme Court of the United States.

Babson’s Middle-Market Group Supports DentalPlans.com Acquisition

Babson Capital Management provided mezzanine debt and equity to support The Riverside Company’s investment in DentalPlans.com Inc.

CIT Arranges $25MM Financing for National Resources

CIT Group announced CIT Real Estate Finance arranged a $25 million senior secured loan for National Resources, a real estate and investment firm focused on redeveloping corporate and industrial sites.


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Q1 GDP Rises 2.2%; Equipment/Software Investment Up 1.7%

The Commerce Department reported that real gross domestic product increased 2.2% in Q1/12, after increasing 3.0% in Q4/11, according to the advance estimates by the Bureau of Economic Analysis.

Diamond Business Credit Funds Credit Line to IT Staffing Company

Diamond Business Credit recently funded a $175,000 line of credit to a disabled veteran owned and operated IT consulting and staffing company.

Specialty Lender Says Economy Would Benefit From Big Bank Breakup

In an opinion letter that appeared in the American Banker, Cobra Capital president Dale Kluga says, “Breaking up the big banks will create more competition for the most important source of any job recovery – U.S. small businesses.”

Webster Bank Promotes Dowling to Senior Credit Executive

Webster Bank announced the promotion of Mark Dowling to senior vice president, senior credit executive.His previous experience includes being vice president, commercial financial services at GE Capital Corporation in Norwalk, CT.

JD Factors Provides $1.45MM in Facilities to Five Companies

JD Factors provided five factoring facilities totalling $1.45MM to various companies in both Canada and the U.S.

Markus Named American Bankruptcy Institute President

The American Bankruptcy Institute announced James T. Markus of Markus Williams Young & Zimmermann in Denver has been selected by the ABI board of directors to be president for 2012-13. He succeeds Geoffrey L. Berman of Development Specialists, Inc.