News

JDR Solutions will be servicing Sweet Leaf Madison’s customer base throughout the United States, managing all its real estate loans, equipment leasing transactions and secured term loans.

EQ Riskfactor, a provider of risk management software for the commercial finance market, is partnering with Solifi to offer asset-based lending customers a direct line of sight into collateral risk and performance in real-time.

Victory Park Capital closed its latest fundraise for its asset-backed opportunistic credit strategy. The fund is oversubscribed at $2.4 billion of committed and investable capital, including separately managed accounts investing alongside the fund.

To expedite customer requests and extend its real-time customer self-service capabilities, ENGS Commercial Finance leveraged the power of the Salesforce Cases tool to create a portfolio of online forms that address common customer requests and interactions on its website.

Electric Last Mile Solutions, a pure-play commercial electric vehicle company that has been focused on redefining productivity for the last mile, plans to file for Chapter 7 bankruptcy.

LiquidX, a global financial technology platform for digitization, monetization and risk mitigation for working capital, trade finance and insurance assets, finalized a strategic investment from Citi. The funding round was led by Broadridge, LiquidX’s largest strategic investor.

ABF Journal will host a livestream on June 28 at 1 p.m. EST to discuss how software-as-a-service (SaaS) technology can help factors and asset-based lenders modernize, protect and futureproof systems to stay the course through inevitable change and disruption.

Antares launched REACH, an initiative which will allocate $1 million of Antares’ own capital to a grant program in partnership with Hello Alice, a multichannel platform that helps businesses launch and grow.

Small business loan approval percentages at big banks (more than $10 million in assets) rose from 15.1% in April to 15.3% in May, while approval rates at small banks (under $10 billion in assets) rose to 20.9%, according to the...

J.P. Morgan Asset Management closed its Lynstone Special Situations Fund II with $2.4 billion in capital raised from a broad set of institutional investors comprised of pension funds, insurance companies, foundations endowments and wealth managers across the globe.