Sterling National Bank Provides Recourse Factoring Facility to CTL Medical

Sterling National Bank’s commercial services group provided a recourse factoring facility to CTL Medical. The credit facilities will be used to pay off current debt and provide working capital.

July 23, 2021 CTL Medical | Sterling National Bank Rita Garwood

Crestmark Provides More Than $81.5MM in Commercial Financing to 82 Businesses in H2/June

Crestmark provided more than $81.5 million in commercial financing to 82 businesses in the second half of June. The asset-based lending and factoring financial solutions are to be used for various purposes such as working capital and to pay off an existing lender.

July 22, 2021 Crestmark | MetaBank Ian Koplin

King Trade Capital Provides $5MM Import Finance Facility to Food Products Company

King Trade Capital provided a food products company with a $5 million import finance facility with an accordion feature to expand to $10 million. The company had previously worked with King Trade Capital 12 years ago.

July 22, 2021 Edward King | King Trade Capital Ian Koplin

Porter, Crossroads & Change Capital Provide $9.5MM Financing to Aerospace Parts Distributor

Porter Capital provided a $3 million A/R credit line to a distributor of aerospace parts for the military and commercial industries.

July 22, 2021 Andy Dillard | Change Capital | Crossroads Financial | Porter Capital Ian Koplin

Gateway Trade Funding Provides PO Financing to Outdoor Clothing Company

Gateway Trade Funding funded a purchase order financing facility for Trew Gear, an outdoor clothing company. The PO financing from Gateway provided Trew Gear the funds to grow its wholesale business without affecting its online efforts.

July 21, 2021 Chris Pew | Gateway Trade Funding | Ned Post | Trew Gear Ian Koplin

Bridge Bank Extends $5MM Monthly Recurring Revenue LOC to One Medical Passport

Bridge Bank’s Boston-based technology banking group extended a $5 million monthly recurring revenue line of credit to One Medical Passport, a provider of software that helps ambulatory surgery centers and hospitals streamline their systems.

July 21, 2021 Bridge Bank | Darren Gastrock | One Medical Passport | Stephen Puznak Ian Koplin

LSQ Provides $4.75MM in Financing to Existing Client for Acquisition

LSQ, a provider of working capital solutions, originated two facilities totaling $4.75 million for an existing client. The client is a Pennsylvania-based marketing agency which required sufficient cash to execute the acquisition of a business that would expand its capabilities.

July 21, 2021 Edgar Marquez | LSQ Ian Koplin

Alterna Capital Solutions to Support Deal Origination for Affiliate’s Private Equity Fund

Alterna Capital Solutions supported a deal origination for a lower middle-market private equity fund controlled by its affiliate, Alterna Equity Partners. The fund focuses on control and non-control investments in companies with $1 million to $10 million in EBITDA.

July 20, 2021 Alterna Capital Solutions | Alterna Equity Partners | Rob Konrad | Stan Carpenter Ian Koplin

TradeCap Partners Provides $500K Production Finance Facility to Manufacturer in Texas

TradeCap Partners closed a $500,000 production finance facility for a Texas-based manufacturer of couplings used in oil and gas and industrial applications.

July 19, 2021 Clinton Stanton | TradeCap Partners Ian Koplin

Utica Leaseco Delivers $2.2MM in Recent Transactions

Utica Leaseco recently completed two transactions totaling $2.2 million, including $1.5 million in financing secured by real estate and equipment to a cannabis producer in Michigan.

July 19, 2021 Utica Leaseco Ian Koplin