News

Home décor retailer Z Gallerie filed voluntary petitions to restructure under Chapter 11. The company’s existing secured lender, KeyBank, will provide it with a $28MM DIP facility to support it through the bankruptcy process.

Liquid Capital provided $2.35 million in factor facilities as of February 28, 2019.

Utica Leaseco completed a $550,000 capital lease during the week of March 4, 2019.

Nationwide expanded its relationship with online small business lending company BlueVine by offering BlueVine's fast and flexible financing to small businesses through Nationwide's Business Solutions Center.

Webster Bank was recognized among the World’s Best Banks in Forbes’ inaugural World’s Best Banks list. Only 60 banks in the United States were recognized for this honor.

Solar Capital Partners and its affiliates will fund $30 million in second lien debt financing for BAMFi, a provider of fintech solutions. Hovde Group served as sole arranger and placement agent on the transaction.

The number of women-owned businesses that applied for funding in 2018 increased by 13%, although their funding amounts went down, according to an annual study of women-owned companies by Biz2Credit.

Allied Affiliated Funding recently closed $3 million in receivables financing for a Texas-based oil and gas company.

After 44 years, fast-fashion retailer Charlotte Russe is going out of business and closing all of the company’s remaining 416 store locations. A U.S. Bankruptcy Court approved an order naming SB360 Capital Partners as agent for the liquidation.

Austin Financial Services funded a $4.3 million asset-based credit facility for a drilling tool technology company in the oil and gas industry.