BNB Partners with PayNet to Digitize Loan Approval Process

BNB Bank tapped PayNet to digitize the bank’s loan approval process, utilizing the latter’s Credit History Report and MasterScore v2 platform.

Tiger Group, Liquidity Services Launch Biopharma Distress Assets Partnership

Tiger Group and Liquidity Services launched a partnership focused on rapid, efficient and high-recovery disposition of assets from distressed organizations in the biopharmaceutical manufacturing industry.

NXT Capital Provides $108 MM for CenterOak Partners’ Acquisition of GNAP

NXT Capital announced that it has provided $108 million senior secured credit facility to support CenterOak Partners’ acquisition of GNAP.

PNC, GIACT Launch New Identity Verification/Authentication Offering

PNC Bank entered into a strategic alliance with GIACT Systems, a leader in helping companies positively identify and authenticate customers.

Popular Bank, Biz2Credit Partner Up to Help Small Businesses

Popular Bank entered into a partnership with fintech company Biz2Credit in order to expand the bank’s digital presence and streamline its small business loan application process.

PNC, OnDeck Partner to Launch Digital Business Lending Platform

PNC Bank plans to begin offering fully digital business lines of credit, up to $100,000, in 2019 in an expansion of its online lending to customers and prospects in the U.S. PNC is partnering with fintech lender OnDeck to develop the new platform.

Bibby Financial & Precision Global Partner to Support Staffing Services

Bibby Financial Services North America launched an affiliated with Precision Global Consulting to provide a complete recruitment finance and payroll funding solution for staffing companies.

SB Capital, 360 Merchants Solutions Launch SB360 Capital Partners

SB Capital Group, an affiliate of the Schottenstein Family of Companies, and 360 Merchants Solutions formed a new entity, SB360 Capital Partners, to jointly operate their businesses.

White Oak Partners with C2FO on New Venture

White Oak Global Advisors partnered with C2FO, a market for working capital, to offer receivable financing options to C2FO’s network of businesses throughout the U.S.

FS Investments, KKR Partner to Launch $18B Lending Platform

FS Investments and KKR entered into an agreement to create a business development company (BDC) platform with $18 billion in combined assets under management.