Daily News: April 17, 2012

Noble Funding Provides $6 Million to Two Companies in Q1/12


Noble Funding arranged two asset-based lending credit facilities in Q1 2012. The credit lines were $5 million and $1 million. The transactions included:

  • a $5 million revolving asset-based line of credit for a publicly traded water treatment company. Details of the deal include: 85% advance on accounts receivable and a weekly advance on monthly unbilled receivables.

  • a $1 million revolving asset-based line of credit for a private equity owned manufacturer of custom cabinetry. Details of the deal include: 85% advance on accounts receivable.