News

Leader Bank was recognized for the second year in a row as the Lender of the Year to Minorities by the Massachusetts office of the U.S. Small Business Administration.

Alternative investment firm H.I.G Capital promoted Keval Patel to head of U.S. middle market LBO funds, Adam Schimel to co-head of H.I.G’s Bayside Capital special situations and distressed debt strategy, Ricky Stokes to head of U.S. lower middle market funds...

eCapital Commercial Finance, a division of eCapital, has delivered more than $10 million in additional funding to clients with existing factoring facilities during the COVID-19 pandemic to help them meet demand for products and services.

Alternative credit investment manager DFG Investment Advisers changed its name to Vibrant Capital Partners, unifying the firm with its CLO business and several of its investment vehicles. The company also launched a new website.

Following private treaty bulk sales and auctions of assets from three of American Medical Depot’s six facilities, Tiger Group will host online auctions from Jan. 12 to Jan. 14 for the excess of $16 million in inventories plus other assets...

According to the U.S. Bureau of Labor Statistics, there were 10.7 million unemployed persons in the U.S. in December, as total nonfarm payroll employment fell by 140,000 and the unemployment rate remained at 6.7%.

According to Epiq, 2020 had the lowest number of bankruptcy filings in the U.S. since 1968, with a total of 529,068 filings across all chapters. However, Chapter 11 filings continued to grow year-over-year, rising 29% to 7,128 new filings in...

According to a JPMorgan Chase survey, nearly half (44%) of small businesses have explored online lending in the past year, with 25% procuring an online loan. For the upcoming year, 56% said they would be open to procuring an online...

FinSoft is celebrating 25 years of providing software to the commercial finance and asset-based lending industries.

Revolution Capital, a provider of factoring and cash flow financing in Canada and the U.S., acquired Atlantic Gateway, a boutique factoring firm specializing in transportation factoring.