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Fitch: U.S. Institutional Loan Default Rate Climbs for Ninth Straight Month
The TTM U.S. institutional term loan default rate is expected to finish higher for the ninth consecutive month, potentially reaching 4.6% from 4.3% at the end of August, according to a new Fitch Ratings report."September volume registers a modest $1 billion thus far though there could be another...
9/21/2020
FrontWell Capital Partners Launches with $350MM in Committed Seed Capital
FrontWell Capital Partners announced its launch as a private credit fund focused on providing transitionary senior debt financing to middle-market companies in the United States and Canada. FrontWell will begin operations immediately with committed seed capital of more than USD $350 million from a...
9/21/2020
Peapack-Gladstone Bank Hires New Senior Vice President, Head of Commercial Closing
Peapack-Gladstone Financial Corporation and Peapack-Gladstone Bank announced the appointment of Elisa DePalma, Senior Vice President, Head of Commercial Closing, Credit Risk Management.Working out of the bank’s Teaneck, NJ, location, DePalma oversees management of the Commercial Closing Department....
CIT Provides $20MM Credit Facility for Protech Home Medical
CIT Group Inc. announced that its Healthcare Finance group, part of the company's Commercial Finance division, provided a $20 million senior secured credit facility for Protech Home Medical Corp., a leader in the home medical equipment industry focused on end-to-end respiratory care.Based in...
9/21/2020
 
We Should Have Listened!
Bill Lawrence
Bill Lawrence of Revitalization Partners discusses the importance of businesses having a “Plan B” in preparation for the...
9/15/2020 Topic: Strategic Planning
Supply Chain Finance can be a lifeline for SMEs during the COVID-19 pandemic as...
How will you survive, grow and scale your asset-based lending business in the...
Topic: Technology
 
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