News

Crestmark secured a total of $5.4 million in asset-based lending and factoring financial solutions for nine new clients and Crestmark’s government guaranteed lending group provided $980,000 in financing for two new clients in the second half of April.

Forbes named Amala Duggirala, chief operations and technology officer of Regions Bank, to its inaugural ‘CIO Next 2021’ list, which highlighted top technology executives who are redefining the role of a chief information officer as they deliver innovations for customers.

Accounting Today, a publication in the accounting sector, named EisnerAmper a Best Firm for Technology for 2021.

GemCap established new headquarters in San Antonio.

Small business loan approval percentages at big banks (or those with more than $10 billion in assets) dipped slightly to 13.4% in April from 13.5% in March 2021, according to Biz2Credit. Similarly, approvals at small banks dropped to 18.2% in...

Monroe Capital closed a $455 million term debt securitization known as Monroe Capital MML CLO XI. The term financing is Monroe Capital’s sixth CLO completed since March 2018 and is secured by a portfolio of middle market senior secured loans.

Atalaya Capital Management, a private credit and special opportunities alternative investment manager based in New York City, took a passive, minority equity investment in Dakota Financial, an asset-based specialty finance company based in Los Angeles.

Marco Financial established a factoring facility for a processor and marketer of Persian limes grown and processed on farms located in the company’s Veracruz, Mexico, facility and distributed from its facility in Pharr, TX.

American Banker named Ashley Garrison, executive vice president and head of human resources operations for Regions Bank, a Most Powerful Women in Banking: Next award recipient.

Versant Funding funded a $900,000 non-recourse factoring facility for a distributor of personal protective equipment.