News

LSQ and Calculum, an industry provider of financial artificial intelligence and data-analytics services, agreed to collaborate and combine LSQ working capital and supply chain finance solutions with Calculum's data analytics services as well as their technical expertise.

Altera Infrastructure, a supplier of infrastructure assets to the offshore energy industry, emerged from the Chapter 11 process in the United States Bankruptcy Court for the Southern District of Texas after successfully consummating its chapter 11 plan of reorganization.

STRIPES Leadership Program, the professional and personal leadership development program created in partnership with Monitor, announced additional offerings for graduates of the Program. STRIPES’ additional offerings include multi-part workshops delivered by equipment finance leaders that have been featured in STRIPES’...

Economic activity in the services sector contracted in December after 30 consecutive months of growth, with the Services PMI registering 49.6%, according to the latest Services ISM Report on Business from the Institute for Supply Management.

According to JPMorgan Chase’s recently released 2023 annual Business Leaders Outlook survey, the majority of small and midsize U.S. business leaders anticipate a recession in 2023, with 65% of midsize businesses and 61% of small businesses indicating as such.

Commercial Chapter 11 filings increased by 2% to 3,816 in calendar year 2022 from the previous year’s total of 3,726, according to Epiq Bankruptcy.

Marius Silvasan, CEO of eCapital, a finance provider for businesses across North America and the U.K., was named a Best in Biz Awards bronze winner in the Executive of the Year – Medium Companies category.

According to Nick Cole, the head of restaurant and hospitality finance at Mitsubishi UFJ Financial Group, the number of U.S. restaurants has not yet rebounded to pre-pandemic levels and is still significantly lower than what it was before COVID-19.

United Capital Funding Group, a Florida-based factoring firm, completed 10 transactions totaling $17.56 million in accounts receivable financing in Q4/22.

According to Kroll Bond Rating Agency, the delinquency rate among KBRA-rated U.S. commercial mortgage-backed securities rose eight basis points in December to 2.97%, up from 2.89% in November and a low of 2.76% in September.