News

Crestmark secured a total of $46,424,626 in asset-based lending and factoring financial solutions for 22 new clients and the company’s government guaranteed lending group provided $107.95 million in financing for six new clients in December 2021.

Crown Partners, a debt advisory firm specializing in senior financing for U.S. companies, advised Arsenal Funding, a merchant cash advance provider, on its recently completed recapitalization.

FundThrough, a financial technology platform, acquired the invoice factoring business of financial technology company BlueVine. All BlueVine invoice funding division employees are joining FundThrough as part of the transaction.

Twin Brook Capital Partners, the middle-market direct lending subsidiary of Angelo Gordon, committed a company record $3.5 billion to private equity sponsors in support of healthcare transactions in 2021, completing 60 healthcare transactions across 33 subsectors.

Small business loan approval rates at big banks (more than $10 billion in assets) increased from 14.2% in November to 14.3% in December, and approval rates at small banks (under $10 billion in assets) rose from 19.9% in November to...

Golub Capital set company records for originations in both the fourth quarter and for the full year in 2021, closing more than $15 billion in commitments in Q4/21 and more than $36 billion for all of 2021.

Blue Owl Capital, a U.S.-based private credit and alternative asset manager, will bring its institutional quality middle-market direct lending capabilities to Canadian accredited investors.

Sterling National Bank's commercial services group provided a recourse factoring facility of $2.5 million to Web Packaging Solutions. The facility will provide working capital for the company.

According to Epiq, there were 309 new Chapter 11 Chapter 11 commercial filings, including Subchapter V filings, in December, a sharp increase of 56.1% compared with November, which had 198 Chapter 11 filings.

The SEC charged Medallion Financial and its president and chief operating officer, Andrew Murstein of New York, with illegally engaging in two schemes in an effort to reverse the company’s plummeting stock price.