Commercial Credit, a Charlotte, NC-based equipment and accounts receivable finance company and the parent company of Commercial Credit Group and Commercial Funding, acquired Keystone Equipment Finance.
Commercial Credit Group, an independent commercial equipment finance company, closed a private placement of $75 million aggregate principal amount of senior unsecured notes.
Commercial Funding, a national provider of invoice factoring and accounts receivable financing, has added asset-based loans, typically ranging from $5,000 to $2.5 million, to its funding solutions.
Commercial Credit and BDT Capital Partners closed the their previously announced equity investment. The transaction will give BDT a majority equity stake in one of the largest independent commercial finance companies in the U.S.
Merchant bank BDT Capital Partners has made a majority equity investment in equipment and accounts receivable finance company Commercial Credit.
National provider of invoice factoring and A/R financing Transfac Capital changed its name to Commercial Funding. The change included the launch of a new website.
Commercial Credit, parent company of Commercial Credit Group, purchased the business operations of Transfac Capital and will expand into the accounts receivable factoring business.