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Accord announces amendments to its banking facility

Accord Financial Corp. (Accord) yesterday announced that it has entered into amendments to its primary credit facility with its banking syndicate. As disclosed in its third quarter report, in November 2023, the Company uncovered significant irregularities in collateral reporting by a...

#Accord Financial Corporation

Visa and Taulia Partner to transform embedded finance for...

Visa, a leading force in digital payments globally, and Taulia, an SAP company specialising in working capital management solutions, have…

#accounts payable#digital#management


nFusion Capital names new SVP for ABL and AR...

nFusion Capital announced that Greg Dyson (pictured) has joined their team as Senior Vice President (SVP). Greg is responsible for…

#alternative financing#AR#commercial finance


Culain Capital closes US$4m receivables finance solution for national...

More and more businesses in need of fast, flexible working capital solutions beyond typical bank lending are turning to Culain…

#Culain Capital Funding#working capital


Calculum Inc. joins forces with Corpay to streamline supplier...

Calculum Inc. is announcing its official partnership with Corpay to provide Calculum customers with access to Corpay Payments Automation, enabling…

#payment terms#supplier finance


Inova USP teams up with CERC to study Brazil’s...

The Research and Innovation Center of the University of São Paulo, Inova USP, has forged an agreement with the Central…

#receivables


Crown Partners arranges US$82.5m ABL financing for Signature Brands

Crown Partners (Crown) announces the successful arrangement of US$82.5m of senior debt for Signature Brands, LLC (Signature Brands), a portfolio company…

#bank#cash-flow#liquidity


SLR Business Credit provides US$5m ABL facility for Henry...

SLR Business Credit, a specialised asset based lender, has announced yesterday closing a US$5m ABL facility for Henry Industries, Inc.The proceeds were used…

#international#International Factoring Association#management


Fundbox appoints Ram Muthaiyan as Chief Risk & Product...

Fundbox, an embedded working capital platform for small businesses, announces Ram Muthaiyan as the new Chief Risk & Product Officer.Muthaiyan…

#Managerial Appointments


Barclays and Blackstone announce strategic agreement to sell $1.1bn...

Barclays PLC ("Barclays") and Blackstone Credit & Insurance ("Blackstone") have announced today that Barclays Bank Delaware ("BBDE") has agreed to…

#asset based finance#bank#capital requirements


Gateway Trade Funding provides US$2.5m purchase order facility to...

An apparel company found itself in need of importing merchandise from China ahead of a substantial seasonal demand. With the…

#funding#order financing#purchase order


1st Commercial Credit provides US$2m factoring line to pallet manufacturer

‍1st Commercial Credit, LLC has closed a US$2m factoring facility for a rapidly expanding pallet manufacturer in the Mid-West region. The start-up…

#1st Commercial Credit#Commercial Credit#invoice

BizCap® secures a US$10m ABL facility for beauty company

BizCap, a commercial finance firm established in 2002, has announced its successful collaboration with an industry-leading business in the beauty space.…

#bonds#Clear#commercial finance

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