News

Citing a report from the Federal Reserve, Reuters reported that between March 29 and April 5, U.S. commercial bank deposits rose, while there was a slight decline in loans and leases.

According to data from the Secured Finance Network, Q4/23 was marked by steady confidence in the ABL industry, with lenders maintaining a positive outlook despite persistent inflation and rising interest rates.

National CineMedia, a cinema advertising network, entered into a series of debt restructuring transactions that are expected to strengthen the company’s balance sheet and position the company for long-term growth.

According to the Golub Capital Altman Index produced by Golub Capital in collaboration with credit expert Dr. Edward I. Altman, middle-market private companies experienced year-over-year earnings growth of 11% and revenue growth of 11% during the first two months of...

According to a survey from Phoenix Management Services, 78% of lenders expect consumer spending to dramatically decrease, as pandemic-related liquidity and tax benefits have calmed after inflating normal cash inflow and spending availability.

Chicago private equity firm InvestBev established Algoma Capital, a sister company that will provide credit to the craft spirits industry. Algoma Capital is partnering with Monroe Capital as a capital provider and will leverage Monroe’s specialty asset-based lending expertise.

During Q1/23, Main Street Capital originated $12.9 million in new and increased commitments in its private loan portfolio and funded total investments across its private loan portfolio with a cost basis totaling $43.7 million.

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.