News

Small business loan approval percentages at big banks (more than $10 billion in assets) rose slightly to 13.5% in March from 13.3% in February 2021, according to the Biz2Credit Small Business Lending Index.

North Mill Equipment Finance restructured its working capital solution. The financing arrangement, called “Cash Out,” allows customers to borrow the equity of paid-up business equipment and channel the proceeds back into the company.

The American Association of Commercial Finance Brokers will host its annual Commercial Financing Expo virtually this May. The expo will be held from May 5 to May 7.

The National Association of Credit Management’s Credit Managers’ Index (CMI) gained two points in March. Following four months of fluctuations, the March CMI reached its second-highest combined score in a year.

Jaguar Freight, a freight forwarder and U.S-based NVOCC, and King Trade Capital, a purchase order finance company in the U.S., added a new trade and purchase order finance solution to Jaguar’s portfolio of services.

Haynes and Boone represented the New York Philharmonic in connection with financing that will allow it to speed up the planned $550 million renovation of David Geffen Hall at Lincoln Center for the Performing Arts.

JPMorgan Chase Commercial Banking launched a green economy specialized industry team, which will be led by Brian Lehman, who was named the head of green economy.

Tiger Group is accepting bids for its April 15 online auction of assets from Holbrook, NY-based embroidery and garment-printing company Gate NY, which had been a drop-ship location for garment distributors from across the Northeast.

Comvest Partners made an investment in Leixir Dental Group, a technology-enabled provider of outsourced dental solutions serving both independent dentists and dental service organizations as well as technology and distribution companies.

Jack Bannister joined SVB Leerink's equity capital markets franchise as a managing director. He will partner with healthcare and life sciences companies to raise capital and position them for success in the public markets.