News

Legacy Corporate Lending, a new asset-based lending company, launched today as an independent lender focused on serving the needs of middle-market companies across North America. Funds managed by a subsidiary of Bain Capital Credit supported the launch with an equity...

Small business loan approval rates at big banks slipped again in April, falling from 13.8% in March to 13.5% in April, according to Biz2Credit’s Small Business Lending Index.

US Capital Global launched a mergers and acquisitions division. US Capital Global will now provide M&A services from inception to post-close liquidity, including in-house financing for transactions and a range of SPV and fund structures for clients.

Republic First Bancorp, the holding company of Republic First Bank, which does business as Republic Bank, will exit its legacy mortgage origination business while simultaneously reducing the size of its New York lending and credit teams.

Quality Heating & Air Conditioning, a manufacturer and installer of commercial sheet metal ductwork, retained SC&H Capital to run the bankruptcy court-approved sale process for the company through the U.S. Bankruptcy Court for the District of Delaware.

The Federal Reserve announced that it will raise the target range for the federal funds rate to between 5% and 5.25% on Wednesday, marking a quarter point increase and its third such move of 2023 and 10th since it began...

On May 16, Tiger Group will host an online auction featuring 2,120 kraft linerboard paper rolls formerly owned by a global broker and distributor of pulp and paper products.

Hilco Real Estate announced June 15 as the qualified bid deadline for the bankruptcy sale of an unfinished waterfront condominium development located minutes from downtown New Braunfels, TX.

Small business bankruptcy filings, captured as Subchapter V elections within Chapter 11, increased 81% year over year in April, according to Epiq Bankruptcy. All Chapter 11 filings increased 32% year over year in April.

Ten Sprouts Farmers Market locations in five states are available for sublease by grocers and other large-format retailers. A&G Real Estate Partners is marketing the locations on behalf of Phoenix-based Sprouts.