News

Crestmark secured a total of $34.35 million in asset-based lending and factoring financial solutions for 23 new clients and Crestmark’s government guaranteed lending group provided $17,624,500 in financing for five new clients in July.

Funding Circle, a small business loans platform, and Congressional Bank, a bank headquartered in Maryland, extended their existing lending partnership to provide more capital to small businesses across the U.S.

J D Factors recently provided $2.945 million in factoring facilities to 11 different companies.

Financial technology company FIS is opening its annual InnovateIN48 innovation program, which is traditionally held internally across FIS’ employee base, to U.S. colleges and university students.

Keen-Summit Capital Partners won the 2021 Americas Lodging Investment Summit (ALIS) award for single asset transaction of the year of more than $25 million for the sale of L’Ermitage Beverly Hills Hotel.

According to a new survey from International Data Corporation, more than one third of organizations across the globe experienced a ransomware attack or breach that blocked access to systems or data in the last 12 months.

The United States Bankruptcy Court for the Southern District of Texas approved CBL Properties’ plan of reorganization. On Nov. 1, 2020, CBL filed petitions in for voluntary relief under Chapter 11 of Title 11 of the United States Bankruptcy Code.

Carl Marks Advisors served as the exclusive financial advisor to WE Transport, a provider of outsourced transportation services to the special needs and general education communities, in its sale to Beacon Mobility.

According to Biz2Credit’s latest Small Business Lending Index, small business loan approval percentages at big banks (more than $10 billion in assets) jumped from 13.6% in June to 13.8% in July, reaching the same percentage as last July.

eCapital launched a new commercial credit card program with Visa. The platform will provide clients with direct connections to the funds in their eCapital accounts and reporting to manage all Visa transactions.