News

The NACM’s Credit Manager’s Index held strong in December, with a combined score of 57.8, which was down a tenth of a point from November and 0.6 points from October. December’s score is more than three points higher than December...

The U.S. Small Business Administration extended the deadline to apply for the Economic Injury Disaster Loan (EIDL) program for the COVID-19 pandemic disaster declaration to Dec. 31, 2021. The deadline extension comes as a result of the recent COVID-19 relief...

AlixPartners acted as restructuring advisor to Pacific Drilling in the company’s emergence from Chapter 11.

Lendio, a U.S. small business solutions provider, will hire 500 employees by the end of January 2021, with 190 full-time, temporary-to-hire employees joining by Jan. 7. Positions are available in the Salt Lake City and Long Island, NY, regions.

Onex Corporation acquired Falcon Investment Advisors, a U.S. private credit manager. The combined platform will merge Falcon’s specialized private credit investing with the investment and origination capabilities of Onex Credit and the broader Onex franchise.

Now that new COVID-19 relief has been signed into law by President Donald Trump, fintech company Biz2Credit has begun taking ‘pre-applications’ for the new round of the Paycheck Protection Program.

Crestmark secured a total of $38.25 million in ABL financial solutions for 12 new clients in the first half of December.

A new study conducted by Barlow Research entitled "Managing PPP Forgiveness and Preparing for PPP2" found six in 10 businesses are likely to apply for a second Paycheck Protection Program loan if they become available.

Tallwood is the secured lender to Wave Computing and its subsidiaries, including MIPS Tech, in the company’s Chapter 11 filing.

With the recent enactment of emergency coronavirus relief, which includes renewed PPP funds and related assistance, new regulations will be in place early in the new year, according to the AICPA and its business and technology arm, CPA.com.