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Wingspire Capital Provides $40MM Senior Secured Financing to XL Funding
Wednesday, September 16, 2020

Lenders/Participants Wingspire Capital Holdings [Lender]
Structure Senior Secured Loan
Amount $40.000 Million
Borrower(s) XL Funding, subsidiary of XLerate Group
Description XL Funding provides floorplan loans to auto dealers in more than a dozen markets, and will use the funding to refinance a previous bank loan and extend capital to more small and medium-sized dealers in populous states including California, Texas and Florida. Transaction details not disclosed.
Industry Lender Finance
Related Tags Wingspire Capital Holdings

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