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The company, which expressed concerns about the validity of some of the loans it bought, renegotiated a lower price and protections from the seller involved in the deal.September 24
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The company also found a buyer for its portfolio of equipment finance loans as it tries to clean up credit and refocus on middle-market lending.September 23
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The company said it has concerns about a large amount of accounts receivable it bought in July.August 10
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The company paid Covenant Logistics Group about $14 million for $103 million in accounts receivable.July 8
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A properly deployed combination of asset-based lending, commercial loans and investment banking is imperative in these circumstances.May 14
Co-founder and Head of OriginationsSG Credit Partners Inc.
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The Massachusetts mutual hired two former bankers from Blue Hills Bancorp, which was recently sold to Independent Bank.April 2
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The New York company will add $504 million of asset-based and equipment finance loans as part of the acquisition.January 23
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The Dallas company said a commercial client submitted falsified documents that inflated how much colloteral it had available.September 21
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The legislation, which creates new disclosure standards for financing costs, could hamstring commercial lenders that offer revolving credit facilities.September 19
PresidentCommercial Finance Association
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The division, created after Sunflower hired lenders away from other banks, will focus on asset-based lending to middle-market companies and investors.August 15
