loanDepo announced the closing of $150 million in term debt financing on August 9, 2016. The company intends to use the proceeds to further fuel its record-breaking performance with continued investments in technology and product development, and to...
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August 22, 2016, 07:19 AM
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PotNetwork Holdings Inc. has secured a $2 million revolving line of credit with TCA Global Fund of Aventura, Florida. The Company has received a signed term sheet, and plans to move forward with its strategy to recapitalize and set Sunrise Auto Mall...
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August 04, 2016, 07:03 AM
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Westlake Advanced Lending & Portfolio Services (ALPS), a division of Westlake Financial Services, announces the formation of a $3.5 Million revolving credit line with Star Finance, Inc. in Hot Springs, Arkansas, an affiliate of Lloyd’s Auto Sales...
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Credit Acceptance Corporation announced that it has extended the maturity of its $310.0 million revolving secured line of credit facility with a commercial bank syndicate from June 22, 2018 to June 22, 2019.There were no other material changes to the...
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LendingPoint, a leading Atlanta-based FinTech direct loan provider, announced its signing of a credit facility that provides up to $100 million of funding capacity with funds managed by the Tradable Credit and Direct Lending Groups of Ares Management...
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October 15, 2015, 07:33 AM
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FLOCK Specialty Finance is a leading specialty finance company that provides capital for businesses in the subprime consumer finance markets as well as for debt buyers of distressed and subprime consumer credit obligations. The announced agreement...
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August 31, 2015, 07:39 AM
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Credit Acceptance Corporation announced it has ncreased the amount of one of its revolving secured warehouse facilities from $325.0 million to $400.0 million. There were no other material changes to the terms of the facility.
As of May 19, 2015...
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FlexShopper, an online provider of lease-to-own ("LTO") financing and payment solutions for consumers, entered into a credit agreement, with a term of two years, providing for up to $100 million of debt financing, a portion of which is uncommitted...
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IEG Holdings Corp. announced it has signed a Term Sheet for a new $100M senior debt facility from a leading Connecticut-based Investment Management group who specialize in private equity and credit investments. The executed Term Sheet is a strong...
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September 22, 2014, 07:11 AM
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Financeit, which provides a platform that enables businesses to offer consumer financing to their customers from any device, has closed a $35 million renewable purchase facility and a $5 million warehouse line facility with Pacific & Western Bank of...
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GemCap funded a $5 million revolver to support the growth of a buy-here/pay-here auto dealership. The dealership has experienced steady growth over the last several years and needed a new facility to support its trajectory.
“This is an important...
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IEG Holdings Corp. announced a new $10 million senior debt facility from current lender Boston Finance Group. This facility replaces the $3 million facility the company had in place since June 2012 and is a sign of confidence in IEGH's business model...
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November 14, 2013, 08:05 AM
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DFC Global Corp., a leading international diversified financial services company serving primarily unbanked and under-banked consumers for over 30 years, announced a new five-year $180 million global revolving credit facility, with the potential to...
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October 28, 2013, 07:24 AM
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