News

By order of the U.S. Bankruptcy Court, Western District of Tennessee, Western Division, SC&H Capital, an investment bank specializing in M&A advisory, has been retained as the exclusive investment banker to E-Box to seek a buyer of the company (or...

According to a study from WSFS Bank examining Mid-Atlantic small business trends, nearly half of respondents (45%) are considering new loans to reinvest in their businesses by purchasing equipment.

CIT’s real estate finance business provided $34 million in financing for a joint venture between i.Park and Great Point Media for the development of Lionsgate Warburton Studios, an entertainment production facility in Yonkers, NY.

Factoring.io launched its invoice and accounts receivable factoring company and the unveiled the company's new website. This new venture will provide small businesses with the financing they need to grow and fill the invoice financing gap.

LSQ, a provider of working capital finance and payments solutions, announced a partnership with Indiana-based Rochester Iron & Metal to provide a supply chain finance (SCF) program to its metal processing and recycling suppliers.

Monitor, the leading source of news and content for the equipment finance industry, has opened early bird registration for its 50th Anniversary Celebration, which will be held in Philadelphia June 14-15, 2023.

Bell Bank launched Bell Business Credit, a specialty lending team providing asset-based lending and factoring services. Kei Lehigh and Matt Howe will lead the new division as president and director of credit and operations, respectively.

California Bank of Commerce (CBC) formed a new division to focus on existing specialty lines of business. Known as CBC Specialty Banking, the division will offer a broad asset-based lending platform branded as CBC Asset Based Lending.

A new study published by Biz2Credit found that information technology (IT) firms had the highest average revenue ($955,793) and the best average credit score (658) and received the highest average amount of financing ($131,743) when they sought credit in 2021.

Ocean Bank’s factoring division financed a $5.5 million factoring facility to a growing logistics company serving companies worldwide.