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Berkley | July 13, 2021
Berkley Small Business Solutions was established today by W. R. Berkley Corporation. The new operational unit will provide commercial insurance products for small businesses using a modern technology platform that will use data and analytics to provide a better customer experience. Its first product offering will concentrate on preferred risks in the non-fleet transportation market. The new operating unit's president is Jeanne R. Fenster. Ms. Fenster joined Berkley in 2...
Reuters | May 26, 2020
When the U.S. government first rolled out forgivable loans to small businesses in early April under the Paycheck Protection Program, loan officers at Bank of the West in Grapevine, Texas worked nights and weekends to process a tsunami of applications. But since those first few frantic weeks, demand has “just dried up,” said bank president Cindy Blankenship. On May 15 the bank stopped taking applications for PPP loans. Nationally the program remains active. But data from the Small Bus...
Connect FM | May 25, 2020
The last two months have been some of the most difficult of Rahama Wright’s career. For 15 years, Wright has run Shea Yeleen, a beauty brand located in Washington, D.C. Birthed out of a passion to empower women in sub-Saharan Africa, her staff of five helps distribute shea butter products. In turn, they provide jobs for 800 women in Ghana. Since the pandemic started, she’s had to make drastic changes. “Now I’m trying figure out how to continue to run the businesses with a...
H.I.G. Capital | December 23, 2021
H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with over $45 billion of equity capital under management, is pleased to announce the sale of its portfolio company Digital Room, LLC (“Digital Room” or the “Company”) to an affiliate of Sycamore Partners. Terms of the transaction were not disclosed. Headquartered in Sherman Oaks, CA, Digital Room is a leading e-commerce provider of customized marketing products to small and ...
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