News

New York City-based financial technology firm Iron Capital Equities rolled out a bank application database system to give small businesses a better chance of receiving bank approval for a line of credit.

Alpha Latam Management received bankruptcy court approval for the proposed sale of the loan portfolio and certain related assets of debtor entities Alpha Capital and Vive Créditos Kusida to CFG Partners Colombia following an auction process.

Solifi (formerly IDS), a financial technology software partner for secured finance companies, has secured 11 new customers and 14 ‘go-lives’ so far in 2021.

According to a new study from Biz2Credit, businesses in the financial services and insurance industries have recovered the fastest from the effects of the COVID-19 pandemic compared with other industries.

White Oak Commercial Finance, an affiliate of White Oak Global Advisors, provided a $5 million factoring facility to a Texas-based government contractor specializing in providing support services to the U.S. government and subcontractors.

Porter Capital funded an $8.5 million credit facility for a Tier-1 automotive parts manufacturer.

According to B. Riley’s recently released retail industry monitor, with limited year-to-date retail bankruptcy filings and the holiday shopping season on the horizon, retail bankruptcy activity should remain low through the balance of 2021 but will return to typical levels...

Grupo Aeroméxico received a joint proposal from its lenders under tranche two of its debtor-in-possession financing facility and from certain existing creditors and new money investors with whom the company was prepared to enter into commitment papers upon bankruptcy court...

Crestmark secured a total of $18,247,152 in asset-based lending and factoring financial solutions for 16 new clients and Crestmark’s government guaranteed lending group provided $15.425 million in financing for one new client in the second half of October.

Verdant Commercial Capital expanded its funding capacity through the addition of a $200 million warehouse facility with Wells Fargo Bank. Concurrently, Verdant extended its existing corporate facility with Wells Fargo Lender Finance.