News

Cadence Bank rebranded AloStar Capital Finance, a division of the bank that provides asset-based lending and specialty finance solutions, to Cadence Business Finance. In addition, Norbert Schmidt was appointed executive vice president and director of capital finance.

Enservco signed a non-binding letter of intent with East West Bank to amend its existing senior revolving credit facility to reduce bank debt by $16 million, amend the current facility into a term loan and provide a new working capital...

Advantage Capital completed a small business loan for All-In Recruiting, which is a minority- and woman-owned boutique staffing and recruitment agency specializing in placing top talent and diverse professionals in mid- to senior-level positions for large tech companies.

Pagaya hired Jeff Andrews as head of originations, Paul Limanni as head of structured products, Brandon McCue as senior managing director of client advisory, Rob Brady as senior managing director of institutional sales U.S. and Anna Roubos as VP of...

Crestmark secured more than $27.3 million in commercial financing transactions in the first half of September, including a total of $6.973 million in ABL financial solutions for four new clients.

For middle-market and small businesses, the COVID-19 pandemic is highlighting the vital importance of investing in new technology, facilitating remote work and maintaining tech-savvy workforces, according to a new survey conducted by The Harris Poll for CIT.

Antares Capital Advisers, a subsidiary of Antares Capital closed its inaugural senior loan fund. The fund, which launched in December 2019, closed on September 14 with approximately $3 billion of asset purchasing power, exceeding its initial target of $1.5 billion.

Credit Suisse Asset Management and the Qatar Investment Authority will form a direct private credit platform that will provide financing primarily in the form of secured first and second lien loans to upper middle market and larger companies in the...

The effect of COVID-19 on the asset-based lending market became apparent in the second quarter as the industry’s most recent data reflect a 24.1% decline in total bank loans and 29.4% drop quarter over quarter in non-bank lending, according to...

Canopy Rivers will act as a debtor-in-possession lender and provide up to $7.2 million in DIP financing to PharmHouse, which obtained an order from the Ontario Superior Court of Justice granting it creditor protection under the Companies' Creditors Arrangement Act.