News

On Wednesday, the Federal Reserve unveiled its plan to increase the federal funds rate to 0.25% to 0.5%. According to the Wall Street Journal, the Fed last increased interest rates in 2018.

Versana plans to launch an industry-backed syndicated loan platform, joining together banks, institutional lenders and their service providers to bring transparency, efficiency and velocity to this $5 trillion market.

Findings of a new survey of small and midsized business leaders conducted by The Harris Poll and sponsored by CIT say businesses are investing in technology to expand online operations and facilitate remote work during the pandemic.

Isabella Casillas Guzman, head of the U.S. Small Business Administration, directed the agency to provide additional deferment of payments for existing COVID Economic Injury Disaster Loan program borrowers for a total of 30 months from inception on all approved EIDL...

Crestmark secured a total of $2.65 million in asset-based lending and factoring financial solutions for eight new clients and the company’s structured finance group provided $8.115 million in financing for two new clients in the second half of February.

Boston Financial & Equity is celebrating Women's History Month by announcing that three of its last four lease transactions were provided to women-owned and run startup companies, including a $500,000 lease with a pharmaceuticals company on the West Coast.

Small business loan approval rates at big banks (more than $10 billion in assets) rose from 14.5% in January to 14.7% in February, and approval rates at small banks (under $10 billion in assets) rose from 20.3% in January to...

Black Women in Asset Management added Ares Management, BlackRock, Federated Hermes, Helios Investment Partners, J.P. Morgan Asset Management, M&G, Maniyar Capital, Morningstar and State Street Global Advisors as new institutional members.

Utica Equipment Finance completed three transactions totaling $5.15 million in the first half of March, including a $2.5 million capital lease secured by food manufacturing equipment to a ramen noodle producer in North America.

According to the Institute for Supply Management, economic activity in the hospital subsector grew in February for the 21st consecutive month despite a 7.2% drop in the Hospital PMI, putting February’s reading at its lowest mark in more than a...