News

TAB Bank is celebrating 25 years of providing financial solutions for businesses, families and individuals across the U.S.

U.S. Bank launched a new cross-business initiative to serve healthcare practices with up to $25 million in annual revenue, appointing Joe Persichetti head of healthcare business banking to lead the effort.

H.I.G. Capital closed H.I.G. Middle Market LBO Fund IV. The fund closed with aggregate capital commitments of $5.5 billion in addition to co-investment separately managed accounts of $450 million, significantly exceeding its original target.

eCapital reported a summer surge in deals within its asset-based lending group, securing a combined aggregate value exceeding $160 million in new facility commitments.

Small business loan approval percentages at big banks (more than $10 billion in assets) fell from 13.3% in July to 13.2% in August, according to the latest Biz2Credit Small Business Lending Index. Big bank lending to small businesses has now...

Solifi was named among the top 100 on the International Data Corporation’s 2023 FinTech Rankings. Now in its 20th year, this annual vendor ranking program recognizes the world’s top 100 hardware, software and service providers to the financial services industry.

According to new research from Kroll Bond Rating Agency, private asset-backed securities as a proportion of KBRA’s total ABS rating assignments have routinely approached or exceeded 25% of the transaction mix dating back to 2020.

Lendscape, a technology provider for secured finance, and Lenvi Riskfactor, a provider of risk and fraud analytics for commercial finance, teamed up to offer enhanced digital risk management for finance providers across its entire lending operation.

Triumph’s factoring division was named the second runner-up in the International Data Corporation’s Best in Future of Work North America Awards for its adoption of robotic process automation.

According to the most recent release of PNC’s semi-annual survey of small and mid-sized businesses, business owner optimism about the outlook for their businesses in the next six months has reached a 21-year high amid strong expectations for sales, profits...