Forward for Specialty Finance
2025 Dealmakers – Lower Middle Market
| LENDER | BORROWER | INDUSTRY | ROLE | AMOUNT (<$1B) | STRUCTURE | ABOUT THE DEAL |
|---|---|---|---|---|---|---|
| Access Capital | Zen Educate | Education Staffing | Credit Facility | $1.5 | Credit Facility | To support the growth of U.S. subsidiary |
| Advantage Business Capital | Medical Staffing Company | Healthcare | Lenders | $3.75 | Participation Revolver as part of a $15,000,000 Factoring Line | To provide funds to continue research into AI and other technological developments |
| Amerisource Business Capital | Georgia-based Wood Truss Manufacturer | Wood Truss/Wall Panel Manufacturing and Distribution | Lender | $2.0 | Asset-based Lending Facility | To support continued growth and provide additional working capital for ongoing operations |
| Aurous Financial | American Motocross Bike Distributor | Motorsports/Vehicle Distribution | Senior Lender (under inter-creditor) | $7.5 | Senior Credit Facility | To address distributor relations |
| Austin Financial Services | Equity Group | Drilling & Equipment Services | Lender | $4.0 | A/R and Inventory Revolver Facility | To fund equity group's acquisition of a drilling company |
| Cambridge Savings Bank | Belle Brands | Retail | Lender | $10.0 | Revolving Line of Credit | To grow strategically, innovate and continue meeting the needs of customers |
| Celtic Capital Corporation | Central MidwestcIT Service Provider | Retail Technology | Lenders | $5.0 | Accounts Receivable Line of Credit | To pay off bank and to provide additional working capital to fuel growth plans |
| CIBC Innovation Banking | ZestyAI | AI Insurance Analytics | Lender | $15.0 | Credit Facility | To enhance financial flexibility and reinforce strong balance sheet as the company scales adoption of its climate and property risk models |
| Culain Capital | California-based Vegetation Management Company | Tree and Vegetation Management | Lender | $5.0 | Accounts Receivable Financing Facility | To support expansion of vegetation management company serving critical infrastructure needs |
| Dwight Funding | Beverage Brand | Consumer Products | Revolving Lender | $3.0 | Revolving credit facility | To provide working capital funds |
| eCapital | Cizzle Brands | Nutrition | Lender | $5.0 | Revolving Credit Facility | To providel for working capital and growth |
| Entrepreneur Growth Capital | Brand Developer/Online Marketer | Marketing | Lender | $10.0 | Asset-Based Crdeit Facility | To support working capital needs |
| Equify Business Funding | Precision Metal Stamping Manufacturer | Metal Stamping Manufacturing | Lender | $1.5 | Revolving Credit Facility | To unlock additional collateral availability and enhance working capital flexibility |
| Gateway Trade Funding | Family-Owned Coffee Trader | Specialty Coffee | Lender | $1.0 | Purchase Order Facility | To provide capital needed to keep production moving, suppliers paid and orders delivered |
| Gibraltar Business Capital | Formetco | Manufacturing / Digital & Hardware Products | Lender | $15.0 | Revolving Line of Credit | To facilitate growth plans |
| Great Rock Capital | National Railway Equipment | Locomotive & Marine Services Provider | Lender | $20.0 | Senior Secured Credit Facility | To provide additional liquidity and support growth |
| InterNex Capital | Weather-Readiness Service Company | Enterprise-Level Fulfillment Centers | Lender | $9.0 | Revolving Line of Credit | To offer seasonal flexibility and to support long-term growth |
| JPalmer Collective | Cerebelly | Organic Baby Food | Lender | $7.0 | Line of Credit | To empower the company to invest in inventory, innovation and operations, accelerating its long-term growth plan |
| Legacy Corporate Lending | Olli Salumeria | Food & Beverage | Lender | $19.4 | Asset-Based Revolving Line of Credit | To support growing operations and working capital needs |
| LSQ | Telecom Hardware Company | Telecommunications / Hardware | Lender | $2.5 | Accounts Receivable Facility | To provide working capital on a short timeline |
| MidCap Business Credit | Jordan Manufacturing | Outdoor Cushions | Lender | $18.0 | Asset-based Credit Facility | To support growth trajectory and free up suppressed availability |
| MidCap Financial | Kellenberger | Portfolio Company | Lender | $17.5 | Senior Secured Credit Facility | To support working capital needs |
| Mountain Ridge Capital | CA-based Consumer Products Company | Consumer Products | Lender | $6.0 | Senior Secured Credit Facility | To achieve growth and operational objectives |
| National Business Capital | Fragrance Manufacturer | Manufacturing / Fragrance | Lender | $10.0 | Subordinated Credit Facility | To meet demand while maintaining its senior lending relationship |
| nFusion Capital | ATX Specialty Foods | Specialty Foods | Lender | $1.25 | Asset-based Lending Facility | To continue growth trajectory, expand operations and pursue new and larger opportunities |
| Oxford Commercial Finance | California Aerospace Parts Manufacturer | Manufacturing | Lender | $1.5 | Asset-Based Loan | To meet working capital needs |
| Porter Capital | Personal Care Brand | Retail | Lender | $1.25 | Credit Facility | To scale operations, strengthen its supply chain and meet increasing demand for its products. |
| Porter Capital | Oklahoma-based Industrial Staffing Contractor | Industrial Staffing | Lender | $3.5 | Financing Package | To meet payroll demands and support ongoing and upcoming projects during an active ownership change |
| Prestige Capital | Beauty Company | Beauty Products | Lender | $2.0 | Invoice Financing | To manage the increased demand without facing working capital constraints |
| RA Capital Funding | Black Car Biz | Transportation | Line of Credit | $2.0 | Working Capital | To provide working capital and to foster expansion |
| Republic Business Credit | Aromatherapy Manufacturer | Aromatherapy | Lender | $1.5 | Asset-Based Loan Credit Facility | To support the expansion of e-commerce and online consumer sales strategy |
| Rosenthal Capital Group | Florida-based Seafood Company | Frozen Specialty Seafood | Lender | $6.0 | Asset-based Loan Facility | To support working capital needs |
| Runway Growth Capital | Swing Education | Education | Lender | $20.0 | First Lien Term Loan and a Revolving Credit Line | To support nationwide expansion and help meet continued demand for qualified substitute teachers |
| Sallyport Commercial Finance | Oilfield Equipment Firm | Oilfield Equipment & Repair | Lender | $1.75 | Accounts Receivable Financing | To increase working capital, secure new clients and grow |
| Second Avenue Capital Partners | Bouclair | Home Decor | Lender | $20.0 | Secured Credit Facility | To enhance liquidity, support growth and expand wholesale opportunities |
| SLR Business Credit | U.S. Textile Manufacturer | Textiles | Lender | $4.0 | Credit Facility | To provide additional liquidity to support ongoing growth initiatives |
| SLR Healthcare ABL | Mental Heal Service Provider | Healthcare / Mental Health | Lender | $5.0 | Revolving Line of Credit | To pay off existing bank revolver |
| SouthStar Capital | Cybersecurity & Tech Services Firm | Workforce Solutions | Lender | $2.0 | Accounts Receivable Facility | To provide working capital needed to meet payroll, support ongoing contracts and sustain growth |
| TAB Bank | Dirty Dough | Food & Beverage | Lead Lender | $2.0 | Credit Facility | To pay off an existing bank revolver and provide additional working capital |
| Tiger Capital Group | National Department Store Retailer | Retail | Lender | $10.0 | Working Capital Term Loan | To support growth Initiatives |
| TradeCap Partners | Texas-Based Steel Wire Manufacturer | Steel Wire | Lender | $1.0 | Purchase Order Facility | To support growing production demands and address immediate working capital needs |
| Trinity Capital | Cagent Vascular | Technology | Lender | $15.0 | Growth Capital | To support innovation and expanion of platform |
| Webster Bank | Air Industries Group | Manufacturing | Lender | $1.6 | Term Loan | To support new contract and greatly increase throughput |
| White Oak Commercial Finance | LuLu's Fashion Lounge | Fashion Retail | Administrative Agent | $20.0 | Revolving Credit Facility | To increase liquidity and financial flexibility |
Other Dealmaker Categories
Advertiser Index
- Arch + Beam
- Ares Commercial Finance
- Asset Based Lending Consultants
- Avant Advisory
- Blank Rome, LLP
- Choate Hall & Stewart LLP
- Equify Financial
- Finsoft
- First Citizens Bank/CIT Commercial Services
- FTI Consulting
- GA Group
- Gordon Brothers
- Great Rock Capital
- Haversine Funding
- Legacy Corporate Lending LLC
- Mitsubishi HC Capital America
- Mountain Ridge Capital
- MUFG
- Northleaf Capital Partners
- Novo Advisors
- Parker, Hudson, Rainer & Dodds LLP
- Phoenix Management Services, a J.S. Held Company
- PKF O’Connor Davies
- PNC Bank
- Porter Capital
- Raistone Capital
- Republic Business Credit
- Setpoint
- Solifi
- SSG Capital Advisors
- TD Bank
- The Branford Group
- Thompson Coburn LLP
- Tiger Group
- TimeValue Software
- Wells Fargo
- White Oak Commercial Finance
