News

According to Biz2Credit, small business loan approval percentages at big banks slipped again, falling from 14.2% in February to 13.8% in March, the lowest figure for big banks since July 2021.

Republic Business Credit provided a $6.5 million traditional factoring facility for a designer, manufacturer and wholesaler of women’s clothes, helping the company meet the shipping needs of its spring and summer collections.

Culain Capital Funding, a specialty finance firm, completed a $2 million accounts receivable factoring facility with a specialized healthcare solutions company.

United Capital Funding Group, a Florida-based factoring firm, completed six transactions totaling $9 million in accounts receivable financing in Q1 of 2023.

STRIPES Leadership Program, the professional and personal leadership development program designed to challenge and inspire best-in-class leaders within the equipment finance industry, will launch its fourth cohort today.

O’Keefe, a financial and strategic advisory firm specializing in corporate finance, litigation support, strategic advisory and turnaround and restructuring, has been appointed by the court as receiver over Finlandia University.

Tiger Group is conducting a timed online auction featuring late model ambulances from a major medical transportation company. Bidding will open on April 13 at 10:30 a.m. PDT and close on April 20 at 10:30 a.m. PDT.

Barings, an investment manager, served as lead agent for a senior secured facility to support private investment firm Ethos Capital’s investment in Newforma.

KKR agreed to make a growth investment in FGS Global, a strategic advisory and communications firm. KKR is making the investment primarily through its European Fund VI. The transaction is expected to close before the end of Q3/23.

Tupperware Brands, a global consumer products company, has engaged financial advisors to help improve its capital structure and remediate its doubts regarding its ability to continue as a going concern.