News

Big Shoulders Capital provided a $1 million debtor-in-possession loan for a steel fabrication business in Texas. The funds will provide working capital and enable a going-concern sale process.

Specialty finance company Haversine Funding rebranded its podcast. Originally launched as “OnDeck with Haversine” and anticipating a limited run, the podcast is now titled “In Focus with Haversine” and will run into 2024.

The U.S. Senate is considering an extension of the current Subchapter V debt sublimit within Chapter 11 bankruptcy filings following the introduction of legislation that would push out the expiration date for the $7.5 million threshold to 2026.

King Trade Capital, an independent provider of purchase order and trade finance solutions, reported year-over-year revenue growth of more than 30% in Q1/24.

BridgeCore Capital, a provider of structured loan products for commercial and non-owner occupied residential real estate in the U.S., launched a new bridge loan program to finance vacant 99 Cents Only Stores across the U.S.

According to Grant Thornton’s Q1 2024 CFO survey, more than one-third (34%) of CFOs are “very optimistic” about the U.S. economy, marking an 11-quarter high for the survey. At the same time, 12% of CFOs said they were pessimistic, marking an...

Solifi completed its integration with Codat, a provider of enhanced-connectivity automated solutions. Using pre-built APIs, the integration with Codat permits consented business data to securely integrate into operational systems in real-time, with the aim of providing assed-based lending customers a...

The Hedaya Capital Group provided a $5 million factoring and purchase order financing facility to a New York City-based clothing designer and manufacturer that offers a collection of brands.

Tiger Group will conduct an online auction on April 23 in which it will offer 850 lots of production equipment from the rental inventory of PRG, a provider of professional audio, lighting and video equipment.

Bloomberg reported that Citigroup named Shane Azzara the successor to Shapleigh Smith as head of asset-based and transitional finance. According to Bloomberg, Smith will retire in May.