Kane Biotech further amended its credit agreement with Pivot Financial. The amendment extended the maturity to Jan. 31, 2023, and increased the credit facility to $4 million, with approximately $1.8 million of new capital having been provided.
Kane Biotech entered into an amended and restated credit agreement with Pivot Financial, increasing the credit facility to $2.5 million from $1.48 million.
Asset manager Pivot Financial entered into a one-year credit agreement with biotech company Kane Biotech, providing the company with a $1.48 million non-revolving term loan.
MB Business Capital Canada acted as sole lender and administrative agent on the funding of a $20 million senior revolving credit facility for CDI Computer Dealers.
MB Financial formed a new Canadian subsidiary, MB Business Capital Canada and hired Dan Flaro, SVP and country executive to expand the middle market asset-based lending platform into Canada.