News

CohnReznick rebranded its transactions and turnaround advisory practice to Value360. The new name reinforces the practice group’s full service offering to clients across all industries and situations.

In the first half of 2022, SLIM Capital achieved a 48% year-over-year increase in new business volume, an average amount funded of $156,625 and processed more than $209 million total applications.

Mountain Ridge Capital (MRC) selected and deployed Solifi’s asset-based lending software solution. MRC is partnering with Solifi because of its technology platform, industry knowledge, fast implementation and the ability to scale in line with the company’s growth targets.

KKR, a global investment firm, closed KKR Asset-Based Finance Partners (ABFP), KKR’s first fund of approximately $2.1 billion dedicated to asset-based finance investments.

Bluevine launched a new brand identity, reflecting the next era of its commitment to grow and evolve its services alongside the changing needs of small business owners.

Resolute Capital Partners, a private investment firm focused on providing structured capital solutions to lower middle market businesses, closed Resolute Capital Partners Fund V at $405 million in aggregate capital commitments.

Small business loan approval percentages at big banks inched upwards from 15.3% in May to 15.4% in June, while small banks’ approvals also rose from 20.9% in May to 21.1% in June, according to the latest Biz2Credit Small Business Lending Index.

Affiliates of Stellus Capital Management provided senior debt financing and an equity co-investment to support Blue Sage Capital’s acquisition of Baker Manufacturing Company.

Horizon Technology Finance and Trinity Capital provided an additional $20 million venture loan to Nexii Building Solutions, a green construction company that designs and manufactures low carbon buildings and products.

Gibraltar Business Capital is now able to offer asset-based loans up to $100 million.