United Capital Renews Facility with First Tennessee
Specialty finance company United Capital Funding announced it has finalized a renewal of its current financing facility with First Tennessee Bank. The senior-secured facility is a renewal of a credit facility first entered into between United Capital and First Tennessee in 2006.
“We are honored to continue our relationship with First Tennessee, ensuring that we will be able to continue to expand our portfolio and provide solutions that meet our clients’ needs,” said Chris Youmans, president and managing partner of United Capital Funding.
“First Tennessee is pleased to continue to have United Capital in our growing portfolio of relationships with specialized finance and factoring companies,” said David Perry, executive vice president, for First Tennessee. “United Capital represents the type of high quality specialty finance company that we are committed to serving. We look forward to working with them as they continue to grow.”
United recently achieved a milestone when it reached $2.5 billion in client funding since its formation in 1997.