News

The CBIZ Small Business Employment Index (SBEI) reported a seasonally adjusted gain of 3.57% for April. The gain in the reading highlights the quickened pace of hiring efforts as small businesses engage in increased economic activity.

Tiger Group will begin accepting bids on May 13 for its May 20 online auction of the remaining assets from Eagle Manufacturing’s engine block-machining facility in Florence, KY.

Boundary Street Capital, a private credit investment manager focused exclusively on the digital infrastructure, enterprise software and technology services sectors, closed BSCP SBIC I, a credit fund with more than $330 million in capital commitments.

According to TD Bank’s 2021 small business survey, 41% of small business owners expect to grow their revenue in 2021, while only 9% anticipate a decline.

Monroe Capital became a signatory to the United Nations-supported Principles for Responsible Investment, which works to understand investment implications of environmental, social and corporate governance factors.

Balance Point Capital promoted Elliot Hambrecht to senior associate and hired Seth Tutlis as a managing director and Rory Cunnane and Emily Dang as associates.

White Oak Commercial Finance provided a $10 million non-recourse factoring facility to an apparel retailer based in New York City.

Hertz Global Holdings received a revised proposal from affiliates of Knighthead Capital Management, Certares Opportunities and Apollo Capital Management to provide equity capital required to fund Hertz's exit from Chapter 11.

CannTrust Holdings obtained approval from the Ontario Superior Court of Justice under the Companies' Creditors Arrangement Act for the company's previously announced DIP and CCAA exit credit facility, which was arranged and agented by Cortland Credit Lending.

According to cumulative data for 2020 published in SFNet’s Annual Asset-Based Lending Survey, the $273.9 billion in total credit commitments by asset-based lenders in 2020 increased just 2% compared with the $268.6 billion in total credit commitments recorded for 2019.