News

Biz2Credit launched Biz2X Accelerate SBA, a platform aimed to help banks and other financial institutions respond to loan requests from small businesses seeking to take advantage of the Paycheck Protection Program (PPP) of the CARES Act stimulus package.

J D Factors recently provided $5.25 million in factoring facilities, including a $2.5 million factoring facility to a transportation company based in California.

CIT outlined a $1 million community commitment to support those affected by COVID-19. These resources will provide some immediate relief to New York City and L.A. County, the respective headquarters for the company and its bank subsidiary.

According to the 22nd edition of the EY Global Capital Confidence Barometer, 73% of C-Suite executives expect COVID-19 to have a severe impact on the global economy in the form of supply chain disruption, as well as declining consumption.

FTI Consulting is serving as restructuring advisor and Guggenheim Securities is serving as financial advisor to OneWeb, which voluntarily filed for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the Southern District of New...

Ares Management, Sumitomo Mitsui Financial Group and Sumitomo Mitsui Banking reached a strategic agreement to collaborate on future business opportunities.

Equify Financial and Wilks Brothers will provide $15 million debtor-in-possession financing to CARBO Ceramics as part of a debt-for-equity exchange pursuant to a plan of reorganization in a Chapter 11 bankruptcy case.

The federal bank regulatory agencies announced optional extension of the regulatory capital transition for the new credit loss accounting standard.

Crestmark partnered with Comdata in launching Comdata QuickPay, which is a new financing solution that gives fleet owners access to same-day payments on the loads they deliver.

Mitsubishi UFJ Financial Group will provide $3 million in support to small businesses and communities in response to the COVID-19 pandemic.