News

Lendscape, a technology provider for secured finance, and Lenvi Riskfactor, a provider of risk and fraud analytics for commercial finance, teamed up to offer enhanced digital risk management for finance providers across its entire lending operation.

Triumph’s factoring division was named the second runner-up in the International Data Corporation’s Best in Future of Work North America Awards for its adoption of robotic process automation.

According to the most recent release of PNC’s semi-annual survey of small and mid-sized businesses, business owner optimism about the outlook for their businesses in the next six months has reached a 21-year high amid strong expectations for sales, profits...

Access Capital, a privately-owned asset-based lending firm based in New York, upgraded from Solifi’s legacy on-premise platform (ABLM.NET) to Solifi ABL on Solifi’s Open Finance Platform.

Rosenthal & Rosenthal completed a $25 million recourse factoring deal for a private equity-owned pharmaceutical and healthcare products company. This factoring opportunity was referred to Rosenthal by one of the company's long-time bank partners.

There were 634 commercial Chapter 11 filings registered in August, an increase of 54% from the 411 filings registered in August 2022, according to data provided by Epiq Bankruptcy.

Bluevine, a digital banking platform designed for small businesses, expanded its FDIC insurance coverage of up to $3 million through Coastal Community Bank, and program banks in a sweep network.

B. Riley Real Estate, subsidiary of B. Riley Financial, served as exclusive real estate advisor in connection with the United Furniture Industries Chapter 11 bankruptcy and related 363 asset sale of all its properties, including the Lane Furniture real estate...

Tiger Group is conducing an online auction through Sept. 7 that features more than $16 million in inventory, including thousands of lithium-ion battery cells, from Romeo Power’s 215,000-square-foot electric vehicle battery assembly plant in Cypress, CA.

Santa Cruz County Bank consummated a holding company reorganization with the formation of West Coast Community Bancorp, which went into effect on Aug. 18.