Porter Capital provided a $3 million A/R credit line to a distributor of aerospace parts for the military and commercial industries.
Republic Business Credit provided a $3.5 million ledgered line of credit and a $250,000 unbilled receivables facility to QX Logistix, and also partnered with Change Capital to supply a $750,000 subordinated debt facility along with a third party.
Scott H. Bernstein joined Change Capital as senior vice president and general counsel.
Change Capital provided $150,000 in working capital to Pure Cycles, one of the largest distributors of lifestyle bicycles in the United States.
Change Capital provided an $800,000 multi-tranche working capital facility to Piloch Distribution, a distributor of consumer food products to retailers in the Southwest.
Change Capital provided a total of $1.85 million in funding to Premier Urgent Care, a healthcare provider based in Philadelphia with 19 locations throughout Southeastern Pennsylvania.
Change Capital provided $775,000 in funding to support American Sign Language Services’ growth plans into 2019.
Michael Kodinsky will lead New York-based Change Capital’s new Atlanta office.
Commercial financing provider Azadian Group spun off its direct lending and financing business into a wholly-owned subsidiary, Change Capital.