News

Cornerstone Business Credit funded a $500,000 line of credit to a company that provides loss prevention training and management services. The company needed a line of credit to grow to the next level.

Extend, an artificial intelligence-powered spend and expense management platform, and PNC Bank, a diversified financial services organization, launched a new modern payment capabilities for PNC’s commercial clients. By enrolling their existing PNC Bank commercial cards, businesses can access Extend’s mobile...

PRN Funding has launched on the XEN platform to power its sales and underwriting. PRN Funding now conducts all origination, diligence and new client onboarding on XEN, streamlining how it manages prospects from application intake to final approval. “XEN has...

First Brands fraud allegations expose asset-based lending vulnerabilities as Fed signals moderate credit risks The week ending November 09, 2025, delivered a watershed moment for middle market lending as First Brands Group's bankruptcy exploded into allegations of systematic fraud involving...

eCapital, a tech-enabled specialty finance provider serving small and midsize businesses across North America and the United Kingdom, funded a $52 million senior secured accounts receivable revolving line of credit (RLOC) to support a multi-hospital operator in Southern California. The...

Kiwi, a fintech company building AI-powered financial tools for underbanked Latinos in the U.S., secured a $100 million credit facility from Community Investment Management (CIM). This financing follows the company’s $8 million Series A earlier this year and will accelerate...

Kapitale, a direct funder serving small businesses across the United States, closed a $25 million credit facility with a fund managed by Pier Asset Management, a private credit investment firm focused on specialty finance. The new facility strengthens Kapitale’s balance...

Alexandra Sawyer joined BRG’s financial institution advisory practice as a director. Based in Washington, D.C., she advises leading financial institutions on change management, risk mitigation and regulatory challenges. A trusted, client-centric executive, Sawyer brings more than 25 years of experience...

Marc Leduc has joined Choate as a partner in the firm’s finance and restructuring group. He will advise commercial banks and private credit lenders on a broad range of domestic and international finance transactions and debt restructurings. Leduc has extensive...

Northern Oil and Gas entered into an amended and restated credit agreement governing its reserves-based revolving credit facility with Wells Fargo as administrative agent and the existing syndicate of 20 lenders. The elected commitment at $1.6 billion, and the borrowing...