Money

Finding funding

It’s not that banks don’t want to lend to small businesses, it’s that they simply can’t do it cost-effectively. In 2016, 19 percent of small businesses seeking financing turned to online lenders. Just two years later, that number is up to 32 percent.

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Bain Capital to acquire Imperial Dade

Bain Capital announced it has agreed to acquire a majority stake in Imperial Dade, a distributor of disposable food service and janitorial supplies with headquarters in Jersey City. Imperial Dade will continue to be led by its current management team, who will remain significant investors in the company. Financial terms of the private transaction were ...

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