News

Small business loan approval percentages at big banks slipped again, falling from 14.5% in December to 14.4% in January 2023, according to the latest Biz2Credit Small Business Lending Index. However, approval rates at small banks and non-bank lenders improved.

According to the Scottish Financial News, Sallyport Commercial Finance is opening a division in Scotland to be led by Andy Tait, a former veteran of Bibby Financial Services.

Rosenthal & Rosenthal launched a new recourse factoring program designed to meet the unique financing needs of growing service businesses and light manufacturing and assembly businesses.

ENGS Commercial Finance integrated Notarize into its fintech platform. Through Notarize, ENGS customers can schedule their closings 24 hours per day, six days per week.

Gateway Trade Funding partnered with another lender to complete a $4.5 million facility consisting of stretch finance, factoring and purchase order financing for a tech company.

According to data provided by Epiq Bankruptcy, a provider of U.S. bankruptcy filing data, new bankruptcy filings were up year over year across Chapters 7, 11, 13 and 15 in January.

Wolters Kluwer Enablon and Makersite have partnered to help organizations manage Net Zero ambitions through decarbonizing supply chains.

Versant Funding funded a $4.5 million non-recourse factoring transaction for a medical technology company that provides services to major hospitals and pharmaceutical companies.

The M&A Advisor announced that MACCO Restructuring Group, which provided interim executive leadership and served as financial advisor to a publicly traded consumer products company, was named the 2022 winner of the Turnaround of the Year award.

Oxford Finance and its healthcare real estate group closed a company record level of originations in 2022, with Oxford providing more than $867 million of capital commitments. The group closed a total of 14 transactions, with credit facilities ranging from...