News

Crestmark secured a total of $9,715,246 in asset-based lending financial solutions for six new clients in the first half of March.

Hertz will continue the process of negotiating the terms on which its plan of reorganization will be sponsored without delaying its goal of exiting Chapter 11 by early to mid-summer.

On Saturday, President Joe Biden signed the COVID-19 Bankruptcy Relief Extension Act. The legislation will extend personal and small business bankruptcy relief provisions that were part of last year's CARES Act through March 27, 2022.

MSouth Equity Partners formed MSouth Capital as a provider of private credit and minority equity financing solutions to meet the needs of companies in the South that have a desire to pursue recapitalizations, acquisitions or other corporate initiatives.

AeroCentury and certain of its subsidiaries commenced a voluntary case under Chapter 11 of the United States Bankruptcy Code. AeroCentury also entered into a stalking horse agreement with its sole secured lender, Drake Asset Management.

According to a study from UHY International, a global network of independent accounting and consulting firms, the U.S. has increased bank lending by 9% since the start of the COVID-19 pandemic.

CapitalPlus Construction Services, a provider of accounts receivable financing for the construction industry, launched a materials financing product to help contractors and subcontractors in all trades access mission-critical materials without tying up their capital.

The International Factoring Association added a bonus day of virtual programming to its 27th Annual Factoring Conference, which will now be available to attend virtually or in-person between May 11 and May 15.

The annual Biz2Credit Women-Owned Business Study found that although revenues dropped for women-owned firms in 2020, their earnings grew. However, the average loan size for women-owned businesses was 33% lower than the average loan size for businesses owned by men.

Cerebro Capital partnered with Ken Singleton, a professor at Stanford University, to study activity in the middle market and create analysis and content to help borrowers and lenders better understand movements and drivers within the credit market.