Capital Southwest committed to $21.8 million in new credit investments for the quarter ended September 30, 2015, including $7.5 million to Freedom Truck Finance.

“We are pleased to have the opportunity to contribute to the continued growth of Freedom Truck Finance,” said Bowen Diehl, president and CEO of Capital Southwest. “We have known the principals at Freedom for many years and know them to be of the highest character and have a stellar track record as entrepreneurs in creating significant value in the secondary finance industry.”

The $7.5 million Capital Southwest committed to Freedom Truck Finance was used to lead the last-out portion of a unitranche asset-based credit facility for the Dallas-based secondary truck finance company specializing in the acquisition and management of sub-prime commercial truck loans to independent owner operators. Triumph Commercial Finance, a division of TBK Bank, led the first-out tranche of the facility and serves as administrative agent.

“We are grateful for Capital Southwest’s support and role in our growth at this exciting stage of our development,” said Blake Bozman, managing director of Freedom Truck Finance. “They delivered on what they said they would do, and took a partnership approach to the documentation negotiation and closing process.”

In addition to the investment in Freedom Truck Finance, Capital Southwest invested $14.3 million in four second lien credits to Bob’s Discount Furniture, Cast & Crew Entertainment Services, Royal Holdings and Pre-Paid Legal Services.