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First Niagara Closes on Credit Facility for R.L.E. Corp.

December 19, 2014, 07:49 AM
Filed Under: Importer

First Niagara Commercial Finance, Inc., a subsidiary of First Niagara Bank, N.A., recently closed on a new credit facility for Utica, New York-based R.L.E. Corporation, which goes to market as Casa Import, Atlantic International Products and Bellissimo. The funding will provide working capital to support the company’s continued growth.

“I am happy to expand our relationship with First Niagara Bank, which has provided us with financing support that will serve us well for many years to come,” said Philip Casamento, secretary and treasurer of R.L.E. Corporation, “The First Niagara team executed every step of the way and delivered a financing package that was exactly in line with what was originally proposed and did so within our time requirements.”

Keith Broyles, National Director of Business Development for First Niagara Commercial Finance, adds “We are thrilled to have earned the trust of R.L.E. We look forward to continuing as a strategic growth partner for a long time and to working with Philip Casamento, and John Fornino, Vice President, R.L.E. Corporation to help them achieve all their goals.”

Casa Import, Atlantic International Product and Bellissimo import and distribute premium Italian food products. The company was founded in 1975 ad is based in Utica, New York.

First Niagara Commercial Finance, a division of First Niagara Financial Group, is a leading provider of asset-based solutions for a broad range of complex financing needs, offering flexible asset-based lending solutions with credit lines from $5 million to more than $100 million.

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