Modern Banking Group (MBG) announced the recent closing and funding of an ABL facility to an experienced wholesaler of licensed consumer goods. The facility consists of a $4 million revolving line of credit for working capital purposes. The C&I Team was able to leverage its longstanding relationship with management to source the deal. 

“We are relationship bankers,” said Lauren Calantone, Managing Director of C&I Lending. “We prioritize understanding our customers' business needs. As the trusted financing partner for this borrower, we are committed to fueling their growth now and in the future.”   Steven Caligor, Chief Lending Officer, continues “ The MBG team is committed to and fully understands the nuances of the middle market and  how to best service our customers.  We have a team of sophisticated and highly experienced bankers with years of proven industry and credit experience”. 

This achievement was truly a group effort. MBG extends a special thanks to Lauren Calantone, Managing Director; Kelly Maloney, Assistant Vice President; Steven Caligor, Chief Lending Officer; and Yair Talmor, Chief Executive Officer.