News

Finance company Franklin Capital will participate in SFNet’s 76th Annual Convention, which will be held from Nov. 17-19. Sue Duckett, executive vice president of Frankling Capital, will participate in a panel discussion on Nov. 17.

Pharmakon Advisors, an affiliate of Royalty Pharma, expanded biopharmaceutical company Epizyme’s loan facility with an additional $150 million.

Crestmark secured a total of $11,018,800 in ABL financial solutions for seven new clients and Crestmark’s government guaranteed lending group provided $2.42 million in financing for two new clients in the second half of October.

In a three-day online auction event scheduled for Nov. 17-19, Tiger Group will be selling items from the recently closed Westbury National Show Systems, which was previously one of Canada’s largest full-service live event rental production companies.

Gerber Finance launched Gerber+, a division that services businesses seeking funding ranging from $10 million to $25 million. The company’s first client is Molded Acoustical Products of Easton, a full-service insulation manufacturing solutions company.

Gerber Finance launched Gerber+, a division that services businesses seeking funding ranging from $10 million to $25 million. The company’s first client is Molded Acoustical Products of Easton, a full-service insulation manufacturing solutions company.

The U.S. Small Business Administration provided fiscal year 2020 summary loan data, reporting that loans guaranteed through traditional SBA lending programs exceeded $28 billion while the Paycheck Protection Program provided an additional $525 million.

SB360 Capital Partners, an asset disposition specialist, will serve as the exclusive consultant to operate store closing and total inventory blowout sales in 358 stores for Pet Valu, a U.S. retailer of pet food and supplies.

In September, the PayNet Small Business Lending Index increased 12 points (9.1%) to 143.9 and is now 2.9% above its year-ago level. On Main Street, the NFIB Uncertainty Index increased to its second-highest reading in the series’ 46-year history.

Economic activity in the services sector grew in October for the fifth month in a row, according to the Services ISM Report On Business from the Institute for Supply Management.