News

Access Capital, a privately-owned asset-based lending firm based in New York, upgraded from Solifi’s legacy on-premise platform (ABLM.NET) to Solifi ABL on Solifi’s Open Finance Platform.

Rosenthal & Rosenthal completed a $25 million recourse factoring deal for a private equity-owned pharmaceutical and healthcare products company. This factoring opportunity was referred to Rosenthal by one of the company's long-time bank partners.

There were 634 commercial Chapter 11 filings registered in August, an increase of 54% from the 411 filings registered in August 2022, according to data provided by Epiq Bankruptcy.

Bluevine, a digital banking platform designed for small businesses, expanded its FDIC insurance coverage of up to $3 million through Coastal Community Bank, and program banks in a sweep network.

B. Riley Real Estate, subsidiary of B. Riley Financial, served as exclusive real estate advisor in connection with the United Furniture Industries Chapter 11 bankruptcy and related 363 asset sale of all its properties, including the Lane Furniture real estate...

Tiger Group is conducing an online auction through Sept. 7 that features more than $16 million in inventory, including thousands of lithium-ion battery cells, from Romeo Power’s 215,000-square-foot electric vehicle battery assembly plant in Cypress, CA.

Santa Cruz County Bank consummated a holding company reorganization with the formation of West Coast Community Bancorp, which went into effect on Aug. 18.

Bobbi Acord Noland, commercial finance practice group leader and partner of Parker, Hudson, Rainer & Dobbs, was recognized among the top 10 influential banking and finance lawyers in Georgia for 2023 by Business Today.

Culain Capital Funding, a specialty finance firm focusing on funding solutions for small and medium-sized business in the U.S., completed two separate $1.5 million accounts receivable factoring and purchase order facilities.

Republic Business Credit partnered with an Alabama-based business specializing in aerial maintenance and oversight for utility and energy companies, providing the company with a $3 million factoring solution to refinance its incumbent bank and provide additional growth capital.