News

According to TD Bank’s 2021 small business survey, 41% of small business owners expect to grow their revenue in 2021, while only 9% anticipate a decline.

Monroe Capital became a signatory to the United Nations-supported Principles for Responsible Investment, which works to understand investment implications of environmental, social and corporate governance factors.

Balance Point Capital promoted Elliot Hambrecht to senior associate and hired Seth Tutlis as a managing director and Rory Cunnane and Emily Dang as associates.

White Oak Commercial Finance provided a $10 million non-recourse factoring facility to an apparel retailer based in New York City.

Hertz Global Holdings received a revised proposal from affiliates of Knighthead Capital Management, Certares Opportunities and Apollo Capital Management to provide equity capital required to fund Hertz's exit from Chapter 11.

CannTrust Holdings obtained approval from the Ontario Superior Court of Justice under the Companies' Creditors Arrangement Act for the company's previously announced DIP and CCAA exit credit facility, which was arranged and agented by Cortland Credit Lending.

According to cumulative data for 2020 published in SFNet’s Annual Asset-Based Lending Survey, the $273.9 billion in total credit commitments by asset-based lenders in 2020 increased just 2% compared with the $268.6 billion in total credit commitments recorded for 2019.

IDS, a provider of solutions for the secured finance industry, added four new customers during Q1/21, including two startup equipment finance operations; Metropolitan Capital, a bank expanding into asset-based lending; and a top five U.S. bank, which implemented IDS ABL.

Star Hill Financial, a certified Women Business Enterprise, created a new division: SH Franchise Finance. Star Hill Finance also added Mike Orlov and Greg McNally as senior vice presidents and business development officers and Christopher Wellbrock as senior vice president...

The National Association of Credit Management’s Credit Managers’ Index for April 2021 reached a high not seen for more than 15 years. The monthly combined index for manufacturing and service sectors broke through the 60 mark with a reading of...