News

Crestmark secured a total of $20.25 million in asset-based lending financial solutions for seven new clients in the first half of March.

A national study from America's Small Business Development Centers and Thryv found 69% of U.S. small businesses have already experienced a large drop in demand due to the coronavirus pandemic and 60% believe demand will continue to decline.

Churchill Asset Management completed fundraising for Churchill Middle Market Senior Loan Fund II with $2 billion in limited partner commitments, exceeding its original target of $1 billion.

In the first podcast of the ABF Journal series, Vince Belcastro, Group Head of Syndications at Element Fleet Management, and Chris Enbom, CEO of AP Equipment Financing and Work Truck Direct, discuss the early effects of the coronavirus on the...

Lighter Capital, a provider of growth capital to tech startups, will begin offering debt financing, including term loans and lines of credit, in the Canadian market.

The Fed, FDIC, NCUA, OCC, CFPB) and state banking regulators issued an interagency statement for financial institutions working with borrowers affected by the coronavirus. FASB concurs with the approach.

ABF Journal, in partnership with the Monitor, will launch a new podcast in which leaders from all corners of the asset-based finance industry discuss the effects of the COVID-19 pandemic on their industries and companies.

Jefferies Finance acted as administrative agent and collateral agent on a $75 million debtor-in-possession facility for Internap Corporation, which filed for Chapter 11 bankruptcy.

Tiger Group will hold an online-only auction of excess pro-grade audiovisual gear from The Camera Division on March 31. The Camera Division is a rental house formed in 2017 by the merger of The Camera House and Division Camera.

Monroe Capital reported the purchase of more than 237,500 shares of Monroe Capital common stock by officers and directors of the company and senior management of Monroe Capital Management Advisors, an affiliate of the company’s investment advisor.