Gulp Data has secured a credit facility of up to $25 million to expand its commercial lending capacity. The firm will now offer businesses non-dilutive funding directly from its own balance sheet as well as working with forward flow partners, as it has done since 2021,...
Comvest Credit Partners has invested in digital healthcare solutions provider CheckedUp. The direct lending platform said in a Friday (Dec. 2) press release that it acted as an administrative agent on a senior secured credit facility to support CheckedUp’s acquisition of digital healthcare solutions and...
After a week of bad news, the embattled Wirecard AG caught a break from lenders that provided 1.75 billion euros ($2 billion) in credit to the German payment services company, sources told Bloomberg News. The banks said they will determine the troubled company’s long-term viability before requiring Wirecard to...
To help bolster its liquidity standing, Bed Bath & Beyond Inc. has put into place a three-year secured asset-based revolving credit facility with a group of financial institutions (FIs). The ABL facility, which takes the place of the retailer’s existing unsecured revolving credit facility, expires...
July 25, 2023
Cash flow management company Settle has secured a $145 million credit facility with Silicon Valley Bank. The financing, announced in a news release Tuesday (July 25), will let Settle develop its lending products for larger eCommerce and consumer brands. “Approximately 80 percent of small businesses fail because of cash-flow issues,” Settle founder and CEO Alek Koenig said in the release. […]
June 27, 2023
Gulp Data has secured a credit facility of up to $25 million to expand its commercial lending capacity. The firm will now offer businesses non-dilutive funding directly from its own balance...
December 02, 2022
Comvest Credit Partners has invested in digital healthcare solutions provider CheckedUp. The direct lending platform said in a Friday (Dec. 2) press release that it acted as an administrative agent...
June 24, 2020
After a week of bad news, the embattled Wirecard AG caught a break from lenders that provided 1.75 billion euros ($2 billion) in credit to the German payment services company, sources told Bloomberg News....
