News

Coeur Capital launched a transportation financing division, CCT Factoring. Kim Kringen will lead the new division as president and managing director. In addition, Coeur Capital hired Brendan Dete as a partner.

The International Factoring Association (IFA), the world’s largest association of commercial finance companies, moved the 27th Annual Factoring Conference from Palm Desert, CA, to Phoenix, AZ.

CoStar Group awarded Keen-Summit Capital Partners the 2020 Power Broker Top Sales Firm award. Additionally, Heather Milazzo, vice president of Keen-Summit Capital Partners, received the 2020 CoStar Power Broker Award for closing the highest transaction volume in commercial real estate...

Northeast Bank entered into a loan purchase and sale agreement with The Loan Source to sell all loans originated by the bank under the current round of the Small Business Administration’s Paycheck Protection Program.

Second Avenue Capital Partners provided $6.5 million in debtor-in-possession financing to Solstice Sunglasses, a sunglasses retailer in the United States. The DIP facility will deliver supportive capital to Solstice as the retailer commences a restructuring.

Valaris received approval from the United States Bankruptcy Court for the Southern District of Texas of its prearranged plan of reorganization. Valaris also will receive a $520 million capital injection through the issuance of a $550 million secured note.

Alleon Healthcare Capital recently closed a medical accounts receivable factoring facility with a molecular reference laboratory in Missouri.

Context Business Lending launched an e-commerce division, which was designed to specifically address the needs of e-commerce companies.

Many small and mid-sized business owners strongly support vaccinations for COVID-19 and plan to encourage their employees to get the shots, which are central to a return to normalcy, according to the latest PNC semi-annual national small business survey.

Crestmark secured a total of $29,940,115 in asset-based lending financial solutions for 15 new clients and Crestmark Equipment Finance provided $21,737,910 in 14 new lease transactions in late January and early February.