News

Citadel Credit Union has officially launched its new business banking division – complete with a full suite of products, a new team and the kickoff of a multichannel marketing campaign.

Apollo completed several transformative changes which reinforce the company’s position as a senior secured middle market business development company.

IOU Financial, an online lender to small businesses, introduced its new Premier PLUS term loan product for small businesses, with terms of 36 months and loan amounts ranging from $500,000 to $1.5 million.

Tikehau Capital raised €3.3 billion ($3.38 billion) for the fifth generation of its direct lending strategy. The fundraise comprises Tikehau Direct Lending V, the flagship vehicle for the group’s direct lending strategy, which has reached a final close and bespoke...

The global commercial lending market is estimated to register a revenue of $27,406.6 billion by 2028, growing at a healthy CAGR of 14.4% during the forecast period of 2021 to 2028, according to a new report from Research Dive.

Performant Capital formed Provider Technology through the acquisitions of DavLong Business Solutions and its affiliate Administrative Advantage and On Demand Solutions. Provider Technology is a technology provider of outsourced software and IT services, RCM and back-office business support.

Crestmark, the commercial finance division of Pathward, secured a total of $33,772,677 in asset-based lending and factoring financial solutions for 23 new clients in the June.

Castlelake and Aequum Capital entered a partnership to establish a new commercial lending platform for the origination and servicing of senior asset-backed loans to small and medium-sized businesses in the United States.

GoldenTree Loan Management II (GLM II) and its affiliated investment manager, GoldenTree Asset Management, closed a $487 million collateralized loan obligation to be managed by GLM II.

On Wednesday, the Federal Reserve announced it will raise the federal funds rate to a range between 2.25% to 2.5%, marking a 0.75% jump and its fourth increase this year.