News

Small business loan approval percentages at big banks ($10 billion or more in assets) fell again, dropping from 13.2% in August to 13.1% in September, according to the latest Biz2Credit Small Business Lending Index.

Citi is now connected to Versana's digital data platform, enabling syndicated loans agented by Citi to be available to Versana’s growing subscriber base in real-time.

On Oct. 4, Judge Michael Warren of Oakland County Circuit Court in Michigan appointed O’Keefe, a financial and strategic advisory firm, receiver over Natrabis, an inter-related organization of cannabis companies.

A&G Real Estate Partners and Onyx Asset Advisors are conducting a receiver sale of the commercial and residential pipeline of PSW Real Estate (StoryBuilt), which is made up of 28 design-centric projects located in neighborhoods in Austin, TX; Denver; Dallas;...

USD Partners entered into an agreement with the lenders and administrative agent under its existing credit agreement to, among other things, extend the forbearance period as provided from its original expiration date of Oct. 10 to Nov. 3.

Aurora Management Partners and David Baker, a managing director at the firm, were appointed as receiver in the U.S. District Court for the Northern District of Ohio for Davenport Aid Propco, et al.

FCI, a global representative body for factoring and the financing of open account trade receivables, named Neal Harm as the successor to Peter Mulroy, the current secretary general of FCI, who will step down on Feb. 29, 2024, as previously...

Shift Technologies, a consumer-centric omnichannel retailer for buying and selling used cars, and its subsidiaries intend to file a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court to implement an orderly...

Specialist asset-based lender Ultimate Finance continued growth of its loan book, breaking through the £300 million ($365.1 million) milestone for the first time as the company continues its mission to support an increasing number of businesses.

Economic activity in the services sector expanded in September for the ninth consecutive month, according to the latest Services ISM Report on Business from the Institute for Supply Management. The sector has grown in 39 of the last 40 months,...