News

Commercial Finance Partners has qualified and financed more than $150 million in Employee Retention Credits. The company also has expanded the financing program to include larger credits in excess of $10 million.

Portland, OR-based Pacific West Bank added a new team that will lead the bank’s expansion into the Vancouver, WA, market. The new unit includes Robert Greenawald, who will serve as senior vice president and commercial lending team leader.

Ares Management, a global alternative investment manager, and Mubadala Investment Company, a global sovereign investor, formed a joint venture to invest in global credit secondaries opportunities.

According to the Secured Finance Network, since new California disclosure rules were implemented in December 2022, 40% of respondents were found to be “no longer lending” to prospective borrowers who fall within the regulations’ threshold of less than $500,000.

Monitor, the leading source of information for the equipment finance industry, has announced the details of Converge, an extraordinary two-day event that will be held in Philadelphia from June 14-15.

SVB Financial Group, which is no longer affiliated with Silicon Valley Bank, filed a voluntary petition for a court-supervised reorganization under Chapter 11 in the United States Bankruptcy Court for the Southern District of New York to preserve value.

Last week, 11 banks, including Bank of America, Citigroup, JPMorgan Chase and Wells Fargo, combined to make $30 billion in uninsured deposits in First Republic Bank to display confidence in the U.S. banking system following the collapse of Silicon Valley...

Shawbrook has enhanced its Asset Based Lending proposition to simplify and speed up the process of UK businesses unlocking the substantial value tied-up in both hard and paper assets.

Kirby McInerney announced a class action lawsuit has been filed in the U.S. District Court for the Northern District of California on behalf of those who acquired SVB Financial Group securities during the period from June 16, 2021, through March...

White Oak Global Advisors, together with its financing affiliates, originated $1.4 billion of loan transactions across 60 deals in 2022.