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Specialty Lender Entaire Closes $45MM Term Funding

September 12, 2014, 07:09 AM
Filed Under: Lender Finance

Entaire Global Companies, Inc. (Entaire) a leader in the specialty asset-based lending market, announced the closing of a five-year, $45 million term funding facility with a major U.S. bank. This transaction represents the first in a series of term funding transactions planned by Entaire to further enhance the acceleration of its already significant growth trajectory.

The implementation of this term funding facility, combined with another of the company's existing facilities, marks the full deployment of a proprietary funding and servicing approach that has been in development for some time.  The Company expects to seek intellectual property protection for certain related developments in the fourth quarter of this year.

"This facility is the first of its kind in our industry and it represents a real milestone for our firm," said Jonathan D. Rosen, CEO and Chairman of Entaire's Board of Directors. "We fully expect that we will continue our expansion into the term funding market as we increase our intellectual property protection and identify additional attractive partnerships to enhance our growth."

Entaire Global Companies, Inc. - a privately held, diversified financial services holding company specializing in asset-based lending - is headquartered in Atlanta, GA.  Entaire, through its subsidiaries, originates, structures and services insurance-backed loans to a diverse base of corporate clients.

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