Bridge Bank closed a $25 million credit facility with Targeted Lease Capital, a Williamsville, NY-based company that provides equipment finance loans to small businesses.
Bridge Bank partnered with TAB Bank to increase the credit facility, which Targeted Lease Capital will use to support its lending platform.
“TLC continues to experience significant demand for its financial products,” Brian Gallo, chief operations officer at Targeted Lease Capital, said. “The $25 million facility provided by Bridge Bank enables us to expand our support of small businesses throughout the country by providing flexible and affordable financing options for all of their equipment needs.”
“Bridge Bank is pleased to help Targeted Lease Capital ensure its customers have a seamless experience when they’re financing equipment purchases,” Darin Cunningham, vice president in the capital finance group at Bridge Bank, said. “We look forward to supporting TLC’s continued growth.”
The capital finance group at Bridge Bank offers asset-based lending solutions to a range of industries, including software, technology, staffing, hardware and manufacturing.
“TAB Bank is committed to partnerships like the one we have developed with Bridge Bank,” Brett Horwitz, managing director and head of originations for the western region at TAB Bank, said. “We are grateful for the opportunity to work with the team at Bridge Bank to meet the working capital needs of one of their fast-growing clients and look forward to supporting Targeted Lease Capital as they execute on this next exciting phase in their growth strategy.”
