Search Results for: working capital

Mandalay Resources Corporation Announces Refinancing of Credit Facility
Finance News

Mandalay Resources Corporation Announces Refinancing of Credit Facility

Fintech News Desk
by Fintech News Desk0
Mandalay Resources Corporation is pleased to announce that it has entered into a credit agreement with The Bank of Nova Scotia providing for a senior secured revolving credit facility in an aggregate amount of up to US$35 million. The initial drawdown under the Revolving Credit Facility will be used to......
American Express Launches Amex Business Link
B2B Digital Payments News

American Express Launches Amex Business Link

Fintech News Desk
by Fintech News Desk0
Amex third-party issuers and acquirers can now offer their business customers more efficient domestic and cross-border payments American Express announced Amex Business Link, a new business-to-business (B2B) payments ecosystem for network issuing and acquiring participants to offer to their business customers. Amex Business Link makes managing payments easier for buyers and......
Balance Partners With Viola Credit to Power Merchants’ Ecommerce Growth
B2B Digital Payments E-commerce News

Balance Partners With Viola Credit to Power Merchants’ Ecommerce Growth

Fintech News Desk
by Fintech News Desk0
Credit Facility Enables Balance to Support Digital Trade Transformation Balance, the leader in B2B payments specializing in financing and ecommerce, has announced a $350 million credit facility from Viola Credit to continue enabling B2B commerce and ease working capital. This announcement comes on the heels of Balance’s $56M in Series B financing......
CIT Serves as Lead Arranger on $419 Million in Financing for Broad River Power Facility in South Carolina
Finance News

CIT Serves as Lead Arranger on $419 Million in Financing for Broad River Power Facility in South Carolina

Fintech News Desk
by Fintech News Desk0
CIT, a division of First Citizens Bank, announced that its Power and Energy business served as lead arranger on $419 million in financing for acquisition of the Broad River power generation facility in Gaffney, South Carolina. Onward Energy Inc. is acquiring the five-unit, 860-megawatt simple-cycle peaking power plant, which is fully contracted......
Venus Concept Announces Completion of $6.72 Million Private Placement Financing
Finance News

Venus Concept Announces Completion of $6.72 Million Private Placement Financing

Fintech News Desk
by Fintech News Desk0
Venus Concept Inc., a global medical aesthetic technology leader, announced that it has completed a non-brokered private placement of convertible preferred stock and common stock of the Company. Pursuant to the Private Placement, an aggregate of 3,185,000 Preferred Shares and 1,750,000 Common Shares were issued, resulting in aggregate gross proceeds......
Small Businesses Feeling the Impacts of the Economy and Inflation, But Are Still Optimistic About Future Revenue, New WSFS Bank Study Finds
Banking Business News

Small Businesses Feeling the Impacts of the Economy and Inflation, But Are Still Optimistic About Future Revenue, New WSFS Bank Study Finds

Fintech News Desk
by Fintech News Desk0
Seven in 10 feel they are well positioned to borrow, with equipment financing being their top need Mid-Atlantic small businesses are optimistic in their ability to keep revenues at their current pace or even increase them in the next year despite economic woes and strains on their costs, a new......
Blockchain News

WonderFi Completes Acquisition Of Blockchain Foundry

Fintech News Desk
by Fintech News Desk0
Blockchain Foundry Inc. (“BCF” or the “Company”), a leading North American blockchain development firm, is pleased to announce that the Company has closed its previously announced plan of arrangement under the Business Corporations Act (British Columbia), pursuant to which WonderFi Technologies Inc. acquired all of the issued and outstanding common......
Huntington National Bank Selects LiquidX as Strategic Supply Chain Finance Provider
Finance News

Huntington National Bank Selects LiquidX as Strategic Supply Chain Finance Provider

Fintech News Desk
by Fintech News Desk0
LiquidX technology will provide comprehensive back-office support  for end-to-end automation and efficiency Huntington National Bank announced it has selected LiquidX to provide an automated, end-to-end back-office solution to scale its trade finance infrastructure. LiquidX is a leading global fintech platform for digitization, monetization, and risk mitigation for working capital, trade finance,......
Eastern Bank and Eastern Insurance Group LLC Welcome The Forsyth Institute As A New Customer
Banking InsurTech News

Eastern Bank and Eastern Insurance Group Welcome The Forsyth Institute As A New Customer

Fintech News Desk
by Fintech News Desk0
Eastern’s Commercial Banking Team Provides Financing and Cash Management Solutions To Support Growth Eastern Bank and Eastern Insurance Group LLC, a wholly owned subsidiary of Eastern Bank, are pleased to announce The Forsyth Institute (Forsyth) as a new commercial banking and insurance customer. Founded in 1910 as a pediatric dental hospital serving......
Cambridge Savings Bank Provides Artist & Craftsman Supply with a $4 Million Revolving Line of Credit to Pursue Strategic Growth Initiatives
Banking Lending News

Cambridge Savings Bank Provides A&C Supply with a $4 Million Revolving Line of Credit to Pursue Strategic Growth Initiatives

Fintech News Desk
by Fintech News Desk0
The employee-owned arts and crafts retailer will leverage the credit line to support rebounding sales following the Covid-19 pandemic Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and $6 billion in assets, announced that its Asset-Based Lending team provided a $4 million revolving line of credit to Artist &......
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