News

Crestmark, the commercial finance division of MetaBank, secured a total of $13.6 million in asset-based lending and factoring financial solutions for 23 new clients in November.

Confidence in the asset-based lending market held steady in the third quarter as banks and other lenders kept a close eye on the bigger economic picture, according to data released by the Secured Finance Network.

According to fourth quarter results from Phoenix Management’s “Lending Climate in America” survey, supply chain constraints are the biggest concern for the U.S economy entering 2022.

Loeb recently supported four clients and a strategic partner by leveraging working capital from machinery with covenant-free equipment financing. The transactions included participation in $12 million in financing for a turnkey purchase to a water management company.

Small business loan approval percentages at big banks (more than $10 billion in assets) increased from 14.1% in October to 14.2% in November, according to Biz2Credit’s Small Business Lending Index Meanwhile, small banks’ approval rates also rose from October’s figure...

Kabbage launched a new program called Kabbage Funding that will offer eligible small businesses flexible lines of credit between $1,000 and $150,000 with the backing of American Express.

Strike entered into an asset purchase agreement with American Industrial Partners and filed for a restructuring under Chapter 11. In connection with the proposed sale transaction, American Industrial Partners committed to provide $29 million in debtor-in-possession financing to Strike.

The American Bar Association appointed Leslie A. Berkoff, a partner and chair of the dispute resolution practice group in the Garden City, NY, office of Moritt Hock & Hamroff, to serve as chair of the dispute resolution committee of its...

The U.S. Securities and Exchange Commission declared the registration statement on the Form S-4 filed in connection with AdTheorent Holding Company’s previously announced proposed business combination with MCAP Acquisition Corporation effective.

According to Epiq, there were 195 new Chapter 11 commercial filings, including Subchapter V, in November, down 29.1% compared with October, which had 275 new filings.