News

Following private treaty bulk sales and auctions of assets from three of American Medical Depot’s six facilities, Tiger Group will host online auctions from Jan. 12 to Jan. 14 for the excess of $16 million in inventories plus other assets...

According to the U.S. Bureau of Labor Statistics, there were 10.7 million unemployed persons in the U.S. in December, as total nonfarm payroll employment fell by 140,000 and the unemployment rate remained at 6.7%.

According to Epiq, 2020 had the lowest number of bankruptcy filings in the U.S. since 1968, with a total of 529,068 filings across all chapters. However, Chapter 11 filings continued to grow year-over-year, rising 29% to 7,128 new filings in...

According to a JPMorgan Chase survey, nearly half (44%) of small businesses have explored online lending in the past year, with 25% procuring an online loan. For the upcoming year, 56% said they would be open to procuring an online...

FinSoft is celebrating 25 years of providing software to the commercial finance and asset-based lending industries.

Revolution Capital, a provider of factoring and cash flow financing in Canada and the U.S., acquired Atlantic Gateway, a boutique factoring firm specializing in transportation factoring.

The NACM’s Credit Manager’s Index held strong in December, with a combined score of 57.8, which was down a tenth of a point from November and 0.6 points from October. December’s score is more than three points higher than December...

The U.S. Small Business Administration extended the deadline to apply for the Economic Injury Disaster Loan (EIDL) program for the COVID-19 pandemic disaster declaration to Dec. 31, 2021. The deadline extension comes as a result of the recent COVID-19 relief...

AlixPartners acted as restructuring advisor to Pacific Drilling in the company’s emergence from Chapter 11.

Lendio, a U.S. small business solutions provider, will hire 500 employees by the end of January 2021, with 190 full-time, temporary-to-hire employees joining by Jan. 7. Positions are available in the Salt Lake City and Long Island, NY, regions.