Cerebro Capital, a technology driven commercial lending marketplace to the lower and middle market assisted companies, facilitated over $90 million in financings for 10 companies. Five of the highlights include:_x000D_
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- A $21.6 million facility consisting of a $15 million asset-based line of credit, $1.6 million term loan and $5 million P-card line for a commercial electrical contractor wanting to move to a new banking institution as the existing lender was restructuring its portfolio
- A $15 million AR-based line to a technology and staffing firm seeking a more flexible non-bank solution to continue growth
- A $13.2 million facility asset-based line of credit consisting of a $10 million asset-based line of credit, $1.5 million capex line and $1.7 million commercial mortgage to a building supplies distributor looking for a new lender that could provide a more structurally flexible line to support its growth
- A $9.6 million Facility consisting of a $9.1 million senior secured term loan and $0.5 million working capital line of credit to support the acquisition of a competing medical illustration company as part of an industry roll-up strategy
- A $3 million recurring revenue loan to a cloud-based contract management platform looking for growth capital to enhance its marketing, integrate existing products and develop strategic partnerships
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