UMB Bank, through its UMB Capital Finance accounts receivable finance business channel, provided a $5 million credit facility to a Texas based integrator and supplier of video conference systems.
Republic Business Credit provided a $2.75 million ledgered line of credit for a West Coast natural food manufacturing company. Republic approved a scalable and non-dilutive growth orientated facility that provided availability on their account receivables.
GreenSpace Brands has entered a new credit facility with Pivot Financial to replace its previous ABL facility. The structure and conditions of the new debt facility include a $3.5 million term loan and a $4.0 million full recourse accounts receivable factoring facility.
The Hedaya Capital Group completed a $1 million factoring facility for a family-owned outdoor apparel company. Inspired by nature’s playground, the company introduces innovative clothing and gear to outdoorsmen and hunters.
Rosenthal & Rosenthal, an independent factoring, asset-based lending and purchase order financing firm in the United States, completed a $2 million purchase order finance facility for a California-based toy company.
Sallyport Commercial Finance offered a $1 million accounts receivable facility to a well-established cosmetic wholesale and distribution company working with major retailers worldwide.
Republic Business Credit provided a $1.5 million traditional factoring facility for a Los Angeles-based apparel importer for its 2020 fall and winter orders.
CoVenture provided Endeavour with a $50 million debt facility. The transaction creates a platform for growth in the U.S. federal government factoring market.
White Oak Commercial Finance’s government contracting finance division provided $4.5 million in factor and ABL-based credit facilities to three aerospace businesses providing specialized services to U.S. Defense agencies.
UMB Capital Finance recently closed four asset-based credit facilities with commitments in excess of $71.8 million.