News

Aurora Management Partners and David Baker, a managing director at the firm, were appointed as receiver in the U.S. District Court for the Northern District of Ohio for Davenport Aid Propco, et al.

FCI, a global representative body for factoring and the financing of open account trade receivables, named Neal Harm as the successor to Peter Mulroy, the current secretary general of FCI, who will step down on Feb. 29, 2024, as previously...

Shift Technologies, a consumer-centric omnichannel retailer for buying and selling used cars, and its subsidiaries intend to file a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court to implement an orderly...

Specialist asset-based lender Ultimate Finance continued growth of its loan book, breaking through the £300 million ($365.1 million) milestone for the first time as the company continues its mission to support an increasing number of businesses.

Economic activity in the services sector expanded in September for the ninth consecutive month, according to the latest Services ISM Report on Business from the Institute for Supply Management. The sector has grown in 39 of the last 40 months,...

J D Factors provided $10,650,000 in new factoring facilities to 26 new clients in the U.S. and Canada during the month of September.

Leonid Capital Partners announced the oversubscription and upcoming final closing of Leonid Opportunities Fund I LP. The oversubscribed fund is closing with approximately $240 million of capital commitments, including an investment from Victory Park Capital.

Versana surpassed a key milestone of more than 1,500 syndicated loan facilities and approximately $900 billion in global loan commitments on its digital data platform in less than a year since its product launch.

InterNex Capital announced that it has surpassed $2 billion in funding provided to small and medium-sized businesses.

United Capital Funding Group, a Florida-based factoring firm, completed nine transactions totaling $7.15 million in accounts receivable financing in Q3/23.