BAFS (Business Alliance Financial Services) has debuted a platform to connect commercial lenders with borrowers. The Louisiana company’s Borrower Portal, announced Tuesday (Feb. 6), lets borrowers input loan request information, upload documents, and submit loan applications, and comes as the lending environment grows increasingly tight. “Borrowers are...
The banks continue to tighten, the traditional channels are tougher to navigate in the commercial lending space. And against a backdrop where smaller firms are still seeking credit as we enter the second month of the year, that gives renewed opportunity for alternative providers and...
Forvis has unveiled a platform designed to assist lenders with pricing commercial loans. The new LoanPricingPRO platform uses real-time metrics to help financial institutions manage and grow their loan portfolios and optimize their profitability goals, the public accounting and consulting firm said in a Monday (Feb. 5) press...
More and more companies are reportedly taking advantage of a growing leveraged loan market. As Bloomberg News reported Thursday (Feb. 1), these businesses are using new first-lien debt to help to save on paying down expensive loans that will be due in the coming years. “It’s a...
Upstart plans to expand its auto retail financing capability to another 13 states during the first quarter. The lending marketplace aims to reach 90% of U.S. consumers by the end of the quarter, up from the 70% coverage achieved in the third quarter of 2023,...
CSG Forte and Lendica have formed a strategic partnership to allow small and medium-sized businesses (SMBs) to borrow money directly from their software vendors instead of traditional financial institutions. The collaboration introduces an embedded business credit solution for these vendors called the iBranch, Lendica said...
The software publishing industry is starting to use digital wallets as a standard for processing transactions and lending products to facilitate payments. Thus, both digital wallets and embedded finance solutions are shaping the current landscape of the software publishing business. The need for tailored solutions...
The adoption of external working capital solutions continues to be widespread globally among growth corporates, commonly known as middle-market firms. This practice has enabled companies to enhance their operational efficiency and maintain sustainable growth in an uncertain economic environment. Findings detailed in the Fleet and...
Investment banks are reportedly trying to win back leveraged finance deals from the private credit space. Banks such as Goldman Sachs, Citi and Barclays are among the banks in talks with buyout firms about loans issued during more volatile periods, Bloomberg News reported Monday (Jan 22), citing sources with knowledge of...
