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TCFCF Provides $21.5MM to Support Fort Point’s Investment in Sullivan

February 19, 2015, 08:09 AM
Filed Under: Distribution

TCF Capital Funding ("TCFCF"), the Chicago-based cash flow and asset-based lending division of TCF National Bank (“TCF Bank”), announced that it provided $21.5 million of secured financing to support Fort Point Capital’s investment in Sullivan, Inc. a leading designer and distributor of seasonal and all-occasion home décor products to specialty retailers. 

 “We are excited to partner with Fort Point Capital and the experienced Sullivan management team.  Sullivan has developed a strong reputation for supplying specialty retailers with unique, high quality products that differentiate it in the home décor market,” said TCF Capital Funding Senior Vice President Thom Karle.

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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