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Diamond Business Credit Introduces Special Opportunity Loans

February 22, 2017, 07:06 AM
Filed Under: New Product

Diamond Business Credit announced that it recently launched a new credit product offering – Special Opportunity Loans.

The offering is intended to complement Diamond’s asset-based loan product for non-bankable companies by providing a second lien or stretch tranche of capital, above and beyond what a typical ABL formula would yield.

Funding can help a business take advantage of a unique and lucrative opportunity like a debt repurchase, an acquisition or a new product launch.

Three recently funded opportunities ranged from a $25,000 structured over-advance to effect a bank take-out to a $500,000 second lien term loan for a new product launch.

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