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News Stories (30 Results) - Line of Credit

When a Gulf Coast regional bank referred over a underperforming line of credit, Republic Business Credit replaced their facility while partnering with the bank to offer a new term loan secured by equipment and real estate. The client sought new... view press release
May 04, 2018, 07:00 AM

An Ohio based provider for Inspection and Quality services in the manufacturing sector received an $1,400,000 asset based line of credit on its accounts receivable from mBank Business Credit the Asset Based lending division of mBank. The firm was... view press release
March 07, 2018, 07:00 AM

Republic Business Credit provided a $4 million receivables purchase line of credit to an unidentified staffing business. When a large money center bank was unable to approve a sufficient line of credit, the lender tasked Republic Business Credit to... view press release
June 13, 2017, 07:00 AM

An Illinois based distributor of soft goods received an $3,000,000 asset based line of credit on its accounts receivable and inventory from Mackinac Commercial Credit last month. The firm had suffered some setbacks and its existing bank had asked... view press release
April 25, 2017, 07:00 AM

Champion Pain Care Corporation closed a senior secured credit facility with TCA Global Credit Master Fund, LP (“TCA”) for a maximum $13 million senior secured line of credit, of which the initial line of credit is $6.5 million is made available to... view press release
December 07, 2016, 07:16 AM

Pacific Mercantile Bank has extended a $10 million line of credit to Shark Investments, LLC to help finance the company's operations. In addition to the line of credit, Shark Investments will utilize Pacific Mercantile Bank's treasury management... view press release
June 04, 2015, 07:31 AM

Diamond Business Credit provided a $200,000 line of credit to a designer, manufacturer and installer of specialty fill products.After considering a traditional factoring relationship that would have meant intrusive and uncertain contacts with the... view press release
May 11, 2015, 07:18 AM

SVBusiness Capital announced the issuance of a $1 million revolving line of credit to a California-based solar company.  The proceeds were used to refinance existing debt and to support the growing revenue base.As a result of limited financial... view press release
March 25, 2015, 07:53 AM

First Financial Business Capital, a division of First Financial Bank, announces the completion of a $4.6 million deal that includes a revolving line of credit term loan and lease line of credit for an electrical supply company in West Chester... view press release
March 19, 2015, 07:18 AM

Manhattan Bridge Capital, Inc. announced it has entered into a line of credit agreement with Webster Business Credit Corporation pursuant to which the lender has agreed to advance up to $14 million at an interest rate of either LIBOR plus 4.75% or... view press release
March 02, 2015, 08:00 AM

Mackinac Commercial Credit announced the closing of two transactions in early December. The transactions are: A Michigan based legal support services company obtained a $2 million asset-based line of credit from MCC to support their dramatic sales... view press release
December 10, 2014, 07:09 AM

Presidential Financial, a senior lender which provides working capital, asset-based lending, and term debt, is pleased to announce a recently closed transaction. A line of credit, in the amount of $8 million, was extended to an infrastructure... view press release
December 04, 2014, 07:06 AM

Amerisource Funding announced the closing and funding of a $1 million line of credit for a multi-state staffing agency operating throughout the Midwest.  The company provides professional staffing services for the manufacturing, construction... view press release
November 19, 2014, 07:04 AM

Crestmark secured a total of $10.669 million in financial solutions for six new clients in the second half of October. On October 17, a $3,919,000 asset-based line of credit and equipment term loan was provided to a Michigan automotive parts... view press release
November 07, 2014, 07:19 AM

In a press release, Gibraltar Business Capital announced recent examples of how the firm's asset-based debt structures can work for private equity group-backed purchases, recapitalizations, sales or turnarounds of all types of small- to medium-sized... view press release
October 17, 2014, 07:39 AM

Lighthouse Financial Corp. announced it has provided a $3.25 million line of credit to an Ohio-based distributor of beverages and snack foods. The company was founded in 2000 by three gentlemen to distribute a now widely successful energy drink in... view press release
October 09, 2014, 07:46 AM

Amerisource Funding announced the closing and funding of a $500,000 line of credit for a digital marketing agency in Arizona, secured by accounts receivable. Proceeds of the facility were used to refinance indebtedness from a factoring company and to... view press release
October 08, 2014, 07:09 AM

Crestmark secured a total of $14,980,600 in financial solutions for nine new clients in the month of September. The deals include: On September 2, a $2 million ledgered line of credit was provided to a metal fabricator in Michigan to pay off a... view press release
October 06, 2014, 09:02 AM

Gibraltar recently completed two deals designed for companies that needed additional flexibility within their lines of credit. By transitioning these companies from the bank to Gibraltar’s more creative, accommodating lending facilities, our goal is... view press release
September 17, 2014, 07:43 AM

Life Storage, an owner, acquirer and operator of premier self-storage facilities has entered into a $100 million secured line of credit with Citigroup Global Markets to fund future acquisitions. LifeStorage will use Citi’s credit facility to support... view press release
September 11, 2014, 07:09 AM

Republic Business Credit announced today that it has provided a $3.5 million accounts receivable facility to a fast growing Midwest based temporary staffing business specializing in the automotive sector. The business was previously constrained by... view press release
August 26, 2014, 07:34 AM

Access Capital has closed a $1 million credit line against accounts receivable and inventory for a provider of specialized metal products to the aerospace, automotive, oil & gas, electronics and high-end consumer goods industries.  The New Jersey... view press release
August 25, 2014, 07:06 AM

Crestmark secured a total of $10.55 million financial solutions for nine new clients in the first half of August. On August 4, a $2 million ledgered line of credit was provided to an outdoor apparel manufacturer in Rhode Island. The funds will be... view press release
August 21, 2014, 07:14 AM

Republic Business Credit announced it provided a $2.5 million working capital facility to a growing Southeastern energy sector technical and engineering services business. The business was looking at many opportunities to expand its services and was... view press release
August 12, 2014, 07:26 AM

With funding completed this week, Legacy Electronics announced a new partnership with Gibraltar Business Capital for a new Legacy line of credit that will help fund the company’s planned growth and an expansion of the memory module and computer... view press release
July 18, 2014, 07:47 AM

Avidbank Corporate Finance, a division of Avidbank that specializes in technology and asset-based funding, has provided Panasas, Inc. a $10 million working capital line of credit.Panasas, Inc., located in Sunnyvale, CA, is the premier provider of... view press release
July 17, 2014, 07:48 AM

US Capital Partners, LLC has provided a $5 million accounts receivable and inventory line of credit for Bushman Organic Farms, Inc. (“Bushman Organics”), headquartered in Fort Atkinson, IA. US Capital Partners is a private investment bank that makes... view press release
June 11, 2014, 07:33 AM

Primero Mining Corp. ("Primero" or the "Company") closed a previously announced $75 million revolving credit facility (the "Line of Credit") with a syndicate of lenders. The Line of Credit has a three year term, a floating interest rate that the... view press release
May 27, 2014, 07:22 AM

An Ohio based nano-technology firm was trying to complete a merger and was not getting the service they expected from their current bank relationship. Mackinac Commercial Credit was called in by their trusted advisor to take a look. The Mackinac... view press release
April 30, 2014, 07:07 AM

Fountain Partners announced it has provided a total of $13 million in equipment lease lines of credit to DigitalOcean, the world’s fastest growing cloud provider. The lease lines are helping DigitalOcean grow its customer base by expanding data... view press release
April 29, 2014, 07:29 AM