News

The Seymour Bank and Teslar Software created a partnership to enhance the bank’s commercial lending strategy, increasing automation, efficiencies and accessibility through Teslar’s lending process automation platform.

According to a survey of corporate executives, business owners and private equity investors from Stifel Financial, inflation and the tight U.S. labor market represent the two biggest perceived threats to business today.

Magnifi Financial launched Ultum Group, a new credit union service organization (CUSO). The CUSO provides premiere end-to-end commercial and small business administration lending services to financial institutions in Minnesota and throughout the United States.

Solifi, a financial technology software partner for the secured finance industry, launched a software-as-a-service-based lease and loan pricing solution for the U.S. equipment and automotive finance industries.

Last week, Fifth Third Bank hosted its sixth Supplier Diversity Summit, providing an opportunity for suppliers to explore best practices and connect with Fifth Third representatives and other corporate and community partners.

Altera Infrastructure and certain of its subsidiaries executed a restructuring support agreement (RSA) with approximately 71% of Altera’s funded debt obligations, which includes Brookfield and a super-majority of its bank lenders.

Mitsubishi UFJ Financial Group (MUFG) launched a direct lending group that will focus on providing loans to the bank's private equity sponsor clients to support their portfolio company LBO and recapitalization transactions. Matt Maley will lead the team.

Funding Circle and Farm Bureau Bank formed a partnership to provide capital to small business owners from all walks of life, including the agricultural community, across the country.

CIT Commercial Services, a subsidiary of First Citizens Bank, completed a $75 million factoring facility on behalf of a consumer products wholesaler.

British Car Auctions (BCA) extended its Solifi platform contract to support the expansion of its wholesale finance offering.