News

King Trade Capital, an independent provider of purchase order and trade finance solutions, reported year-over-year revenue growth of more than 30% in Q1/24.

BridgeCore Capital, a provider of structured loan products for commercial and non-owner occupied residential real estate in the U.S., launched a new bridge loan program to finance vacant 99 Cents Only Stores across the U.S.

According to Grant Thornton’s Q1 2024 CFO survey, more than one-third (34%) of CFOs are “very optimistic” about the U.S. economy, marking an 11-quarter high for the survey. At the same time, 12% of CFOs said they were pessimistic, marking an...

Solifi completed its integration with Codat, a provider of enhanced-connectivity automated solutions. Using pre-built APIs, the integration with Codat permits consented business data to securely integrate into operational systems in real-time, with the aim of providing assed-based lending customers a...

The Hedaya Capital Group provided a $5 million factoring and purchase order financing facility to a New York City-based clothing designer and manufacturer that offers a collection of brands.

Tiger Group will conduct an online auction on April 23 in which it will offer 850 lots of production equipment from the rental inventory of PRG, a provider of professional audio, lighting and video equipment.

Bloomberg reported that Citigroup named Shane Azzara the successor to Shapleigh Smith as head of asset-based and transitional finance. According to Bloomberg, Smith will retire in May.

CohnReznick established a new digital advisory practice, which will aim to help businesses navigate technology- and data-related opportunities and leverage digital innovation to streamline operations, manage cost and risk, and accelerate growth. Shawn Gilronan, a principal of CohnReznick, will lead...

The resilience of the asset-based lending market continued in Q4/23, with lenders holding on to positive sentiment against the backdrop of an uneven economy while closely watching portfolios in 2024, according to data released by the Secured Finance Network.

SSG Capital Advisors served as the investment banker to the Chapter 7 trustee of ContraFect Corporation in the sale of substantially all intellectual property assets to Aurobac Therapeutics. The transaction closed through a Section 363 sale process.