News

According to the latest Biz2Credit Small Business Lending Index, small business loan approval percentages at big banks dropped from 14.9% in September to 14.7% in October, marking the lowest total since February.

AlixPartners, the global consulting firm, released an analysis of the commercial and governmental fleet industry in the U.S., finding that operators could be wasting upwards of $75 billion.

The Secured Lender, published by SFNet, named Cohn & Dussi, a full-service law firm headquartered in Boston, on its Great Places to Work list.

Rosenthal & Rosenthal completed several factoring transactions that will help to address working capital needs, mitigate risk and support growth opportunities for clients across multiple sectors.

Solifi released the latest version of its asset-based lending software, which includes enhanced features designed to improve the lender and borrower experience through self-service functionality, more insights into portfolio risk and increased efficiencies through enhanced audit compliance.

Solifi’s asset-based lending software-as-a-service solution on its open finance platform now supports more than $1 billion in loans outstanding for lenders globally. Additionally, user traffic on Solifi’s ABL borrower portal increased by four times in less than a year.

Fast Radius is launching an in-court process to effectuate one or more strategic transactions and has filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the District of Delaware.

EisnerAmper, a global accounting, tax and business advisory firm, earned ClearlyRated’s Best of Accounting Award for excellence in client service for the sixth consecutive year.

Inc. named Great Lakes Business Credit, a non-bank asset-based financing company, in its inaugural Power Partner Awards, honoring B2B organizations across the globe that have proven track records supporting entrepreneurs and helping startups grow.

J D Factors recently provided $4.7 million in factoring facilities, including a $1 million factoring facility to an underground directional boring company in Illinois.