SVB Provides Equipment Credit Line to Lincor Solutions
Silicon Valley Bank provided Lincor Solutions with a $3 million equipment line of credit. The new facility will be used to invest in equipment as the company launches its Saas business.
Silicon Valley Bank provided Lincor Solutions with a $3 million equipment line of credit. The new facility will be used to invest in equipment as the company launches its Saas business.
J D Factors provided $4.35 million in recent factoring facilities.
Rural/Metro announced the U.S. Bankruptcy Court for the District of Delaware confirmed its reorganization plan. Alvarez & Marsal and FTI Consulting are serving as financial advisors.
Reuters reported that Crocs said Blackstone Group is making a $200 million investment that will give the private equity firm a 13% stake in the company. Moelis & Co acted as financial advisor, and Perkins Coie provided legal counsel for Crocs.
The latest results of small business trends prepared by PayNet registers another increase for small business investment. At the same time, small businesses exhibited a slight increase in delinquent payment of loans and leases.
Festival Transaction Services (FTS) announced it closed an $8.5 million investment led by Reverence Capital Partners.