News

David Rains, president and founder of Commercial Finance Consultants, passed away last week at the age of 64 due to complications from COVID-19.

J D Factors recently provided $3.59 million in factoring facilities for 19 different clients, including a $1 million factoring facility to a medical supply company in Ontario that supplies medical swabs for COVID-19 tests in Canada.

The Credit Managers’ Index from the National Association of Credit Management rebounded to pre-pandemic levels after shutdowns and preventative measures greatly impacted the U.S. economy.

The U.S. Small Business Administration issued a “green light” letter inviting Capital Southwest to file its application to obtain a license to operate a small business investment company (SBIC) subsidiary.

A subsidiary of Retail Ecommerce Ventures signed an agreement to serve as the stalking horse bidder for the intellectual property assets of Modell's Sporting Goods at a purchase price of $1.965 million.

American Banker named Nikki Stephenson, head of commercial portfolio management for Regions Bank, a Most Powerful Women in Banking: Next. The award recognizes high-achieving women 40 years old and younger.

Funds managed by Crestview Partners invested in Upwell Water, a San Francisco-based, water-focused specialty finance company.

Bridge Bank extended a venture term loan to Deep Lens, a Columbus, OH-based software company focused on accelerating clinical trial recruitment for cancer patients.

CIT’s healthcare finance unit provided a $25 million loan supporting Seavest Healthcare Properties' acquisition of the MLK Community Hospital Medical Office Building in Los Angeles.

According to a survey from Citizens Bank, 50% of consumers and 76% of businesses said the COVID-19 pandemic has changed the way they interact with their financial institution, with 66% of consumers and 73% of businesses saying that these changes...