News

MACCO Restructuring Group is serving as financial advisor to crypto lender CRED in the commencement of its Chapter 11 case in the United States Bankruptcy Court for the District of Delaware. CRED also added Grant Lyon to serve as chair...

In October, CapitalPlus Construction Services, a provider of accounts receivable financing for the construction industry, completed $2.3 million in transactions, including a $1.5 million construction factoring facility for a civil engineering firm in Texas.

Finance company Franklin Capital will participate in SFNet’s 76th Annual Convention, which will be held from Nov. 17-19. Sue Duckett, executive vice president of Frankling Capital, will participate in a panel discussion on Nov. 17.

Pharmakon Advisors, an affiliate of Royalty Pharma, expanded biopharmaceutical company Epizyme’s loan facility with an additional $150 million.

Crestmark secured a total of $11,018,800 in ABL financial solutions for seven new clients and Crestmark’s government guaranteed lending group provided $2.42 million in financing for two new clients in the second half of October.

In a three-day online auction event scheduled for Nov. 17-19, Tiger Group will be selling items from the recently closed Westbury National Show Systems, which was previously one of Canada’s largest full-service live event rental production companies.

Gerber Finance launched Gerber+, a division that services businesses seeking funding ranging from $10 million to $25 million. The company’s first client is Molded Acoustical Products of Easton, a full-service insulation manufacturing solutions company.

Gerber Finance launched Gerber+, a division that services businesses seeking funding ranging from $10 million to $25 million. The company’s first client is Molded Acoustical Products of Easton, a full-service insulation manufacturing solutions company.

The U.S. Small Business Administration provided fiscal year 2020 summary loan data, reporting that loans guaranteed through traditional SBA lending programs exceeded $28 billion while the Paycheck Protection Program provided an additional $525 million.

SB360 Capital Partners, an asset disposition specialist, will serve as the exclusive consultant to operate store closing and total inventory blowout sales in 358 stores for Pet Valu, a U.S. retailer of pet food and supplies.