Business loan

KBRA Assigns Preliminary Ratings to KCG Securitization 2024-1, LLC

Retrieved on: 
Friday, March 15, 2024
Banking, Professional Services, Insurance, Finance, Olive, KCG, Business, Sale, KBRA, Merchant cash advance, Note, Merchant, BOC, Issuer, Business loan

KBRA assigns preliminary ratings to two classes of notes (the “Notes”) issued by KCG Securitization 2024-1, LLC (“KCG 2024-1”).

Key Points: 
  • KBRA assigns preliminary ratings to two classes of notes (the “Notes”) issued by KCG Securitization 2024-1, LLC (“KCG 2024-1”).
  • Kalamata.com, LLC (“Kalamata”), through its subsidiaries, Kalamata Capital Group, LLC (“KCG”, the “Company” or “Servicer") and Black Olive Capital LLC (BOC), provides financing to small and medium-sized business through merchant cash advances and small business loans.
  • KCG 2024-1 is the inaugural securitization for the Company.
  • KCG Securitization 2024-1, LLC (the “Issuer”) will issue two classes of Series 2024-1 Notes, Class A and Class B Notes (collectively, the “Notes” or “KCG 2024-1”) totaling $80 million.

Dime Names Daniel Shaya Csillag Head of New Healthcare Vertical

Retrieved on: 
Tuesday, September 5, 2023
DCOM, Dime Community Bank, Business loan, Rehabilitation, Nursing, C&I, Bank Leumi, Valley Bank, Interior design, Health care, Dime

HAUPPAUGE, N.Y., Sept. 05, 2023 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (the “Company” or “Dime”) (NASDAQ: DCOM), the parent company of Dime Community Bank (the “Bank”), announced today that Daniel Shaya Csillag will join the Company as Group Head of a newly created Healthcare vertical.

Key Points: 
  • HAUPPAUGE, N.Y., Sept. 05, 2023 (GLOBE NEWSWIRE) -- Dime Community Bancshares, Inc. (the “Company” or “Dime”) (NASDAQ: DCOM), the parent company of Dime Community Bank (the “Bank”), announced today that Daniel Shaya Csillag will join the Company as Group Head of a newly created Healthcare vertical.
  • In this role, Csillag will be responsible for building out Dime’s healthcare commercial banking business in the long-term care space.
  • Most recently, Csillag was at Valley National Bank and predecessor institution Bank Leumi, where he was Group Head of Healthcare.
  • Adding a healthcare vertical is consistent with our strategic goal of increasing the contribution of Business Loans (C&I and Owner-Occupied) to our balance sheet.

The Government of St Kitts and Nevis celebrates a year in office with key accomplishments

Retrieved on: 
Wednesday, August 23, 2023
ECD, CAE, The Honourable, Tourism, Agriculture, Domestic violence, COVID-19, Survival, Electricity, Tax, African, Woman, Business loan, Protection of Women from Domestic Violence Act, 2005, FVC, African Export–Import Bank, JetBlue, Government, Student, CBI, SKNLP, Development finance institution, Water, Dominica citizenship by investment programme, Economic development, Growth, Caribbean Airlines, Investment, Social media, Inter-American Development Bank, Nursing, Creative industries, Health insurance, Sport, Basseterre

The government implemented a ‘Graduate Finance’ Project with ECD$15,000 credit for students with loans at the Development Bank and other banks.

Key Points: 
  • The government implemented a ‘Graduate Finance’ Project with ECD$15,000 credit for students with loans at the Development Bank and other banks.
  • The government was able to reinstate its Gratuity payouts for retired Government Auxiliary Employees (CAE) with a minimum of 10 years of service.
  • St Kitts and Nevis’ economy ricocheted in the last year with significant growth in the agriculture, financial services, and tourism sectors.
  • The Government of St Kitts and Nevis' vision is to evolve the country into a Sustainable Island State by focusing its governance on integrity, transparency, and accountability.

KBRA Assigns Preliminary Ratings to CPC Asset Securitization II, LLC, Series 2023-1 Notes

Retrieved on: 
Thursday, June 15, 2023
Banking, Professional Services, Finance, EFC, Business loan, KBRA, CPC, Sale, ABS, Issuer, Transport, Bank, Telescopic sight, Note

KBRA assigns preliminary ratings to four classes of Series 2023-1 Notes (“CPC 2023-1”) issued by CPC Asset Securitization II, LLC.

Key Points: 
  • KBRA assigns preliminary ratings to four classes of Series 2023-1 Notes (“CPC 2023-1”) issued by CPC Asset Securitization II, LLC.
  • CPC Asset Securitization II, LLC will issue four classes of Series 2023-1 Notes, (collectively, the “Notes” or “Series 2023-1 Notes”) totaling $85.00 million.
  • The proceeds of the sale of the Series 2023-1 Notes will be used to purchase receivables, fund the reserve account and pay related fees and expenses.
  • CPC 2023-1 represents Channel Partners Capital (“CPC,” or the “Company”) third small business ABS securitization.

Business Consortium Fund Celebrates Juneteenth by Fueling Tomorrow's Growth for MBEs

Retrieved on: 
Thursday, June 15, 2023
Juneteenth, Small business, Microcredit, Information technology, Business loan, Acquisition, Growth, MBE, Echo sounding, MBDA, BCF, Bank

NEW YORK, June 15, 2023 /PRNewswire-PRWeb/ -- As the Juneteenth holiday weekend comes upon us, Business Consortium Fund (BCF), regional affiliates of the National Minority Supplier Development Council (NMSDC) and the MBDA today announced the launch of a new loan program entitled "Fueling Tomorrow's Growth for MBEs." This initiative is designed to help business owners of color access the capital and financial resources needed to grow their businesses and close America's racial wealth gap. BCF and NMSDC regional councils are working together to promote the loan program and help minority business enterprises (MBEs) thrive and prosper.

Key Points: 
  • NEW YORK, June 15, 2023 /PRNewswire-PRWeb/ -- As the Juneteenth holiday weekend comes upon us, Business Consortium Fund (BCF), regional affiliates of the National Minority Supplier Development Council (NMSDC) and the MBDA today announced the launch of a new loan program entitled "Fueling Tomorrow's Growth for MBEs."
  • BCF and NMSDC regional councils are working together to promote the loan program and help minority business enterprises (MBEs) thrive and prosper.
  • "Fueling Tomorrow's Growth for MBEs" program offers competitive loan products for business owners of color.
  • Tailored to the distinct needs of small businesses or small projects, micro loans offer modest funding for business growth or sustainability.

KBRA Assigns Preliminary Ratings to Mulligan Asset Securitization LLC, Series 2023-1 Notes

Retrieved on: 
Thursday, January 19, 2023
Banking, Professional Services, Finance, KBRA, Credit, Merchant, Note, Sales, Business loan, Jewish National Fund, ABS, Security (finance), Bank, Telescopic sight, Issuer

KBRA assigns preliminary ratings to four classes of notes issued by Mulligan Asset Securitization LLC, Series 2023-1 (“Mulligan 2023-1”), a small business loan ABS transaction.

Key Points: 
  • KBRA assigns preliminary ratings to four classes of notes issued by Mulligan Asset Securitization LLC, Series 2023-1 (“Mulligan 2023-1”), a small business loan ABS transaction.
  • Mulligan Asset Securitization LLC (the “Issuer”) will issue four classes of Series 2023-1 Notes, totaling $100 million.
  • The Notes are “expandable” term notes such that at any time during the revolving period the Issuer may periodically issue additional Notes, up to a maximum amount of $500 million, as long as certain conditions are met, including receipt of Rating Agency Confirmation.
  • KBRA considered its operational review of National Funding, as well as periodic update calls with the Company.

Stephen McCormick joins National Bank of Coxsackie as VP/Commercial Loan Officer

Retrieved on: 
Thursday, January 5, 2023
Banking, Professional Services, Finance, McCormick, National bank, Bank, Capital District, Multimedia, Banking Industry Architecture Network, Business loan, Capital region, NBC, Financial services

The National Bank of Coxsackie announced today that Stephen McCormick has joined National Bank of Coxsackie as its newest Vice President/Commercial Loan Officer.

Key Points: 
  • The National Bank of Coxsackie announced today that Stephen McCormick has joined National Bank of Coxsackie as its newest Vice President/Commercial Loan Officer.
  • View the full release here: https://www.businesswire.com/news/home/20230105005872/en/
    Stephen McCormick, VP/Commercial Loan Officer, National Bank of Coxsackie (Photo: Business Wire)
    McCormick comes to National Bank of Coxsackie with over 10 years of experience in the Banking Industry.
  • He joins NBC from Sunmark Credit Union, where he was a Business Loan Officer in the Albany area.
  • Since 1852, The National Bank of Coxsackie has been the reliable bank of choice for thousands of clients.

National Funding Receives Four Forbes Advisor’s Best Awards in Small- and Mid-Sized Loans

Retrieved on: 
Tuesday, November 15, 2022
Professional Services, Other Professional Services, Small Business, Finance, Consulting, Banking, Accounting, Online, Marketing, News, Insurance, Small business, 2600-series (CTA), Jewish National Fund, Business loan, Tax, Security (finance), Financial adviser, Bank

National Funding, Inc. , one of the largest U.S. specialty finance companies serving small- and medium-sized businesses, was named to four of Forbes Advisors Best of 2022 Awards, including Best Working Capital Loans , Best Online Business Loans , Best Small Business Loans , and Best Unsecured Business Loans .

Key Points: 
  • National Funding, Inc. , one of the largest U.S. specialty finance companies serving small- and medium-sized businesses, was named to four of Forbes Advisors Best of 2022 Awards, including Best Working Capital Loans , Best Online Business Loans , Best Small Business Loans , and Best Unsecured Business Loans .
  • For all four Best Awards, National Funding was recognized as Best for Small- to Mid-Size Businesses.
  • Each of National Fundings Best Awards in the categories of Working Capital Loans , Online Business Loans , Best Small Business Loans , and Unsecured Business Loans were based on the company offering working capital small- to midsized business loans between $5,000 and $500,000.
  • Our Forbes Advisor Best of Awards affirm that National Funding has loan products that meet the small- to mid-sized companys needs, said National Funding President Joseph Gaudio.

Telr Payment Gateway Announces It Is a Gold Sponsor at Fintech Surge 2022

Retrieved on: 
Friday, September 30, 2022
World, Social commerce, Future, Business loan, King, User experience, World Trade Center, Linear code, KSA, Credit card, Forbes, Solution, Science and technology in Asia, Financial technology, Customer to customer, Payment, Love Now, Pay Later, SME, POS, Customer, Bank, Online shopping

Dubai, United Arab Emirates--(Newsfile Corp. - September 30, 2022) - Telr the award-winning online payment gateway is a gold sponsor at FinTech Surge that is set to take place from 10th-13th of October at the World Trade Center.

Key Points: 
  • Dubai, United Arab Emirates--(Newsfile Corp. - September 30, 2022) - Telr the award-winning online payment gateway is a gold sponsor at FinTech Surge that is set to take place from 10th-13th of October at the World Trade Center.
  • Fintech Surge Event was designed to become the main player in evolving and transforming the fintech ecosystem in the MENA region.
  • The event will gather the leading financial services companies, visionaries, banks, fintech regulators, payment gateways, and press under one roof, to build what's next in fintech for a better customer experience.
  • Established in 2014, Telr is an award-winning, Dubai-based offering payment gateway solutions for SME's, government bodies and large corporates.

iTHINK Financial Credit Union Signs Contract for the Black Knight Empower LOS to Help Drive Growth and Provide Members With an Exceptional Experience

Retrieved on: 
Tuesday, September 13, 2022
ITHINK Financial Credit Union, Accredited Business Accountant, Credit union, Empower, NYSE, Second mortgage, Sale, IBM, Black knight, Business loan, Growth, ESign (India), Loan, Finance, Technology, Solution, Corporate services, Wealth, Money market, Classification, BKI, Bank

iTHINK Financial has also selected a suite of fully integrated web-based solutions that will allow them to focus on continuing to meet their members' financial needs.

Key Points: 
  • iTHINK Financial has also selected a suite of fully integrated web-based solutions that will allow them to focus on continuing to meet their members' financial needs.
  • "iTHINK Financial prides itself on offering personalized, 'white glove' service and we are confident that Empower will help them keep that commitment," said Rich Gagliano, President, Origination Technologies at Black Knight.
  • iTHINK Financial, established in 1969, is a growing and dynamic Credit Union, with more than 100,000 Members worldwide and over $2 billion in assets.
  • A Credit Union is a not-for-profit financial institution that is owned by its Members.