News

The U.S. Small Business Administration issued a “green light” letter inviting Capital Southwest to file its application to obtain a license to operate a small business investment company (SBIC) subsidiary.

A subsidiary of Retail Ecommerce Ventures signed an agreement to serve as the stalking horse bidder for the intellectual property assets of Modell's Sporting Goods at a purchase price of $1.965 million.

American Banker named Nikki Stephenson, head of commercial portfolio management for Regions Bank, a Most Powerful Women in Banking: Next. The award recognizes high-achieving women 40 years old and younger.

Funds managed by Crestview Partners invested in Upwell Water, a San Francisco-based, water-focused specialty finance company.

Bridge Bank extended a venture term loan to Deep Lens, a Columbus, OH-based software company focused on accelerating clinical trial recruitment for cancer patients.

CIT’s healthcare finance unit provided a $25 million loan supporting Seavest Healthcare Properties' acquisition of the MLK Community Hospital Medical Office Building in Los Angeles.

According to a survey from Citizens Bank, 50% of consumers and 76% of businesses said the COVID-19 pandemic has changed the way they interact with their financial institution, with 66% of consumers and 73% of businesses saying that these changes...

For the second consecutive year, Forbes named BMO Harris Bank one of America's Best Employers for Women in 2020.

Maranon Capital closed its first SBIC fund, Maranon Mezzanine Fund III-B. The fund is Maranon’s third commingled investment vehicle that targets unitranche, mezzanine and equity co-investments in businesses with $3 million or more of EBITDA.

GPI Capital and JPMorgan Chase Bank provided growth financing of up to $100 million to Pharmapacks, an ecommerce enablement platform and retail seller for brands across ecommerce marketplaces.