Cerebro Capital, a commercial loan platform, released its Q1 2021 survey on non-bank lending for middle-market commercial and industrial (C&I) loans. The results are paired with the Federal Reserve's 1Q21 survey of commercial banks to illustrate a...
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Crown Capital Partners entered into a new senior secured corporate credit facility of up to $41.5 million with ATB Financial ("ATB"). This facility replaces Crown's previous $35.0 million credit facility, which had a maturity date of May 31, 2021....
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CIBC Innovation Banking provided financing solutions, including a Capital Call Line of Credit, to Maverix Private Equity (“Maverix”). The capital call facility provides Maverix with the flexibility to make investments in portfolio companies prior to...
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LSQ announced the origination of an $11 million credit facility for an award-winning manufacturing company located in the Lone Star State. The manufacturer is scaling and requires a reliable source of working capital via accounts receivable and...
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Bloomberg reported that defaults in the U.S. private credit market fell in Q1 2021 as the nation’s abating pandemic triggered a surge in economic growth, and investors hunting for yield grew more willing to finance struggling companies.According to...
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The CBIZ Small Business Employment Index (“SBEI”) reported a seasonally adjusted gain of 3.57% for April. The remarkable gain in the reading highlights the quickened pace of hiring efforts as small businesses engage in increased economic activity....
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SLR Business Credit funded a $20 million asset=-based revolving line of credit for Copper River Seafoods, Inc. The funds provided under SLRBC's revolver secured by accounts receivable and inventory were used to refinance the existing bank revolver...
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Wells Fargo named Cynthia Caine to head the Commercial Auto group. A 30-year financial services veteran, Caine most recently led the Diversified Industries group within Distribution Finance.“Cynthia is well-known for her strong client relationships...
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AFC Gamma provided a credit facility of $22 million to Justice Cannabis Co., a Chicago-based multi-state operator with licenses in eight states. The credit facility is designed to provide Justice Cannabis Co. with the capital necessary to purchase...
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Total U.S. bankruptcy filings in April 2021 increased 6 percent from the previous year, according to data provided by Epiq. Bankruptcy filings totaled 40,911 in April 2021, up from the April 2020 total of 38,459, when filings sharply declined in the...
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