News

Ocean Bank’s factoring division financed a $5.5 million factoring facility to a growing logistics company serving companies worldwide.

Horizon Funding Trust 2022-1, a newly-formed, wholly-owned subsidiary of Horizon Technology Finance, issued $100 million of notes, which were rated ‘A’ by a rating agency and which are backed by $158 million of secured loans originated by Horizon.

J.P. Morgan plans to open a new office in Athens, Greece, to support the organic growth of its businesses in the country. The office will also house a new payments innovation lab for which the firm will be hiring a...

According to Fitch Ratings’ September 2022 Global Economic Outlook, global interest rates have risen more rapidly than expected in the past two months and a pivot back towards rate cuts in 2023 is unlikely.

According to the latest Biz2Credit Small Business Lending Index, small business loan approval percentages at big banks dropped from 14.9% in September to 14.7% in October, marking the lowest total since February.

AlixPartners, the global consulting firm, released an analysis of the commercial and governmental fleet industry in the U.S., finding that operators could be wasting upwards of $75 billion.

The Secured Lender, published by SFNet, named Cohn & Dussi, a full-service law firm headquartered in Boston, on its Great Places to Work list.

Rosenthal & Rosenthal completed several factoring transactions that will help to address working capital needs, mitigate risk and support growth opportunities for clients across multiple sectors.

Solifi released the latest version of its asset-based lending software, which includes enhanced features designed to improve the lender and borrower experience through self-service functionality, more insights into portfolio risk and increased efficiencies through enhanced audit compliance.

Solifi’s asset-based lending software-as-a-service solution on its open finance platform now supports more than $1 billion in loans outstanding for lenders globally. Additionally, user traffic on Solifi’s ABL borrower portal increased by four times in less than a year.