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TCF Capital Funding Provides $7MM to Support Prospect Partner’s Acquisition

April 28, 2014, 07:31 AM
Filed Under: Apparel

TCF Capital Funding ("TCFCF"), the Chicago-based cash flow and asset-based lending division of TCF National Bank, announced that it provided a $7 million secured financing to support the acquisition of Sportdecals Sport and Spirit Products, Inc. by Chicago-based private equity firm Prospect Partners.  

Headquartered in Spring Grove, IL, Sportdecals is a leading designer and embellisher of customized uniforms, spirit wear, and decals for the K-12 school sports market. Sportdecals serves as a one-stop shop for its coach, school, and booster club customers’ customized athletic and spirit wear needs, offering in-house design, screen printing, and embroidering for a broad range of team apparel products. Over its 40-year history, Sportdecals has a strong track record of growth and has built a premier reputation in the embellished team sports apparel market.

"We are excited to support Prospect Partners' investment in Sportdecals," said TCF Capital Funding Senior Vice President Ed Ryczek. "The Company's management team has an excellent record of growing sales within its niche market.”

TCF Capital Funding provides cash flow and asset-based lending to lower middle market businesses.  National in scope, this senior leveraged lending group focuses on providing private equity sponsor-backed cash flow loans and asset-based loans to companies with less than $100 million in revenue and between $2 million and $10 million in EBITDA.                                              

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