Daily News: January 22, 2015

NewStar Closes RTA Furniture Distributors Revolver

NewStar Business Credit announced that it provided a $6 million revolving credit facility to RTA Furniture Distributors, a value-priced retailer of furniture and cabinetry.

Headquartered in Harrisburg, PA, the company serves the mid-Atlantic region through 18 retail stores operated under the trade name Just Cabinets Furniture & More. The credit facility was used to refinance existing debt and is available to support ongoing working capital needs

Ted Bernstein, president of Just Cabinets said, “We look forward to our relationship with NewStar Business Credit as our asset-based lending partner. The quality of diligence, understanding and professionalism exhibited by the NewStar team during our selection and approval process bodes well for a great business relationship to come.”

“We are pleased to support Just Cabinet’s ongoing financing needs as we continue to expand our presence in the mid-Atlantic region,” stated Milton Iskra, National Marketing manager for NewStar Business Credit.