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CIT Northbridge Arranges $45MM Credit Facility for MVP Payroll Financing

September 22, 2021, 07:49 AM
Filed Under: Specialty Industries

CIT Northbridge Credit, as advised by CIT Asset Management LLC, served as sole lead arranger on a $45 million senior secured credit facility for MVP Payroll Financing LLC.
Based in Chandler, Arizona, MVP Payroll Financing provides business clients with staffing and administrative solutions covering human resources, payroll, workers' compensation and more.

"The continuing economic rebound is leading to growing demand for third-party staffing solutions and associated managed services," said Alex Campos of MVP Payroll Financing. "We appreciated the expertise of the CIT Northbridge team in arranging this financing to support our operations and empower us to serve our customers."

"We worked closely with the company's leadership to understand their needs and develop a financing package that advances their business strategy," said Neal Legan, who leads CIT Northbridge.

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