Parabilis, an asset-based lender serving small- to mid-sized government contractors, closed on a $25 million senior revolving credit facility with Congressional Bank.
Parabilis will use the facility, which includes an accordion up to $50 million, to refinance its existing senior credit facility and to support future growth of the company’s asset-based loan portfolio.
Hovde served as sole placement agent to Parabilis on the transaction.
