News

Gibraltar Business Capital is now able to offer asset-based loans up to $100 million.

HPD Lendscape has evolved its brand to reflect the company’s market position and progressive approach to the financial sector. As part of this initiative, the business changed its name from HPD Lendscape to Lendscape.

According to a new survey of supply chain executives by Carl Marks Advisors, in partnership with SupplyChainBrain, more than half of all respondents don’t expect a return to a more normal supply chain until the first half of 2024 or...

Haversine Funding recently closed $3 million of a $6 million participation in an asset-based line to a technology-enabled healthcare management company and $2 million of a $4 million participation in a commercial real estate transaction.

There were 447 commercial Chapter 11 filings in June, representing a 29% % increase from the 347 filings in June 2021, according to data provided by Epiq Bankruptcy, a provider of U.S. bankruptcy filing data.

According to data released by the Secured Finance Network in its quarterly asset-based lending index and SFNet confidence index, confidence in the asset-based lending market was positive in Q1/22, but banks and other lenders are watchful of a fluctuating economy.

Through its Fast AR Funding platform, Republic Business Credit provided a $500,000 selective factoring facility in less than a week to help a multinational staffing and consulting company meet demand in the United States.

Verdant Commercial Capital signed a multiyear program agreement with Synovus Bank to provide a new equipment finance offering — Synovus Equipment Leasing — for Synovus Bank commercial customers.

Eastern Bank provided $7.5 million in working capital financing to Asian Atlantic Industries (AAI) and welcomed it as a new asset-based lending customer. AAI is a global supplier of electronic components and semiconductors.

First Guaranty Mortgage and affiliate Maverick II Holdings filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the District of Delaware to protect the business while exploring all available restructuring options.