News

Biz2Credit will offer its Biz2X Accelerate SBA platform free of charge to banks and credit unions with assets under $10 billion that are offering Paycheck Protection Program loans.

Alleon Healthcare Capital closed a $2.4 million medical accounts receivable financing facility with a management service organization (MSO) in California.

PrimeRevenue, a supply chain finance provider, accelerated $10 billion in early payments to suppliers in March as companies worldwide seek access to cash to respond to the economic dislocations resulting from the global COVID-19 pandemic.

According to a survey from the Association for Corporate Growth, 62% of small and medium-sized businesses majority-owned by venture capital, private equity or other private capital providers are excluded from the Paycheck Protection Program.

Exitus Capital, a financial institution in the Mexican market, acquired a majority stake in CV Credit.

Teligent entered into amendments related to its first lien revolving credit agreement with ACF Finco I LP as administrative agent and its definitive second lien credit agreement with Ares Capital as administrative agent.

A majority of respondents to a survey from FTI Consulting said they are more attuned to how companies are behaving during the global COVID-19 pandemic.

BOK Financial issued a borrowing base redetermination to BNK Petroleum’s revolving line of credit, lowering the bowering base to $23.5 million.

YE Investment, an affiliation of Red Mountain Capital, notified Yuma Energy that all outstanding payments under its existing credit agreement are currently due and that its restructuring agreement with Red Mountain has been terminated.

The approval percentage for small business loan applications at banks with $10 billion or more in assets plummeted to 15.4% in March, falling from a post-recession high of 28.3% in February 2020, according to the Biz2Credit Small Business Lending Index.