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Bain Capital invests in new ABL business

Legacy Corporate Lending a new asset-based lending (ABL) company, today announced its launch as an independent lender focused on serving the needs of middle market companies across North America. Legacy is launching with a significant equity investment from funds managed...

#commercial finance

US small business lending fraud escalates, new study reveals

LexisNexis® Risk Solutions released its latest Small and Midsize Business (SMB) Lending Fraud Study. Based on a survey of lenders,…

#SMB lending#SME lending


Setscale secures $80m through equity and debt raise

Setscale, a fintech startup solving the trade financing dilemma for small businesses, revolutionising announced it raised a US $9.5m seed…

#Inventory finance


Standard Chartered partners with PVH Corp. on sustainability-linked supplier...

Standard Chartered Bank has embarked on a sustainability-linked supplier finance programme with... (more…)

#PVH Corp#supply chain finance


SFNet ABL and factoring annual survey results show strong...

There was solid growth in commitments and outstandings in the asset-based lending market last year... (more…)

#SFNet


Channel secures US$75m credit facility from Truist

Channel entered into a new US$75m credit facility with Truist. The US$75m commitment provides financing for both working capital and…

#channel#working capital#working capital finance


Rosenthal & Rosenthal acquires factoring division of Lyon Credit...

Rosenthal & Rosenthal Southeast, a wholly-owned subsidiary of Rosenthal & Rosenthal... (more…)

#BB&T#e-commerce#order financing


Bastion Management and Huston Cove Capital provides US$100m senior...

Bastion Management and Hudson Cove Capital Management have provided a... (more…)

#debt facility#debt financing#funding


Culain Capital Funding closes US$2m factoring facility for healthcare...

Culain Capital Funding LLC, a specialty finance firm focusing on... (more…)

#Culain Capital Funding


Secured lenders maintain confidence despite inflation, interest rates

Steady confidence in the asset-based lending market marked the fourth quarter... (more…)

#Secured Finance Network#SFNet


Algoma Capital and InvestBev establish lending platform to provide...

With over 40 years of industry expertise, Brian Rosen has established a specialty lending platform... (more…)

#Monroe Capital


Ocean Bank signs US$5m factoring facility for recycled paper...

Ocean Bank’s factoring division signs a US$5m factoring facility for a ... (more…)

#working capital

AFA and IFA members celebrate major regulatory victory

The Consumer Financial Protection Bureau (CFPB) has finalised the rule to implement changes made by Section 1071... (more…)

#AFA#International Factoring Association

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