Milestone Bank, a nationwide small business lender, completed some of its first closings under its asset-based lending (ABL) division:
- An $8 million A/R, inventory and fixed asset working capital facility for a wholesale exporter of office products in Los Angeles
- A $7.5 million lender finance facility secured by promissory notes for a private credit fund in Phoenix, AZ
- A $3 million A/R and inventory revolver for a manufacturer of agricultural products in Texas
- A $500,000 A/R and inventory revolver for an E-Commerce brand in Los Angeles, CA
