44 Business Capital Closes SBA Loan for Penn Iron Works
SBA lender 44 Business Capital said it closed on a $2.4 million SBA loan to Penn Iron Works, a custom plate fabricator in Wyomissing, PA.
SBA lender 44 Business Capital said it closed on a $2.4 million SBA loan to Penn Iron Works, a custom plate fabricator in Wyomissing, PA.
Resource Capital announced it entered into an amendment of its existing commercial real estate credit facility with Wells Fargo that increases the size of the facility to $250 million.
Only 18% of U.S. small and mid-sized business owners said they will take out a new loan in 2013, while 58% plan to spend on capital investments down from 70% a year ago, according to the latest PNC Economic Outlook survey.
Fifth Street Finance provided two separate one-stop financing facilities during the quarter ended March 31, 2013 – each more than $100 million.
Bridge Capital Holdings provided Single Digits with financing to support capital growth opportunities as the company expands its services for high speed guest Internet and business class wireless network solutions.
The Treasury Department said Pennsylvania institutions receiving capital through the Small Business Lending Fund continue to increase their small business lending, in total by more than $445.4 million over baselines.
Commercial lender Calvin D. Blake of Direct Commercial Funding says business line of credit financing continues to rise as the economy recovers.
Private equity firm H.I.G. Capital said that managing director Fraser Preston and principal Brian McMullen have relocated to San Francisco to create a West Coast presence for the H.I.G. Middle Market fund.
Paragon Financial announced that women-owned businesses are the fastest growing portion of its portfolio. The company said that the National Women’s Business Council 2012 Annual Report suggests the next big economic push will be led by women-owned businesses.
Reuters reported that small business borrowing was down in February for the second straight month, according to the Thomson Reuters/PayNet Small Business Lending Index.