Huntington Business Credit closed a new $45 million credit facility for SOL Acceptance, which used proceeds of the facility to refinance existing indebtedness and to provide ongoing working capital growth financing.
SOL Acceptance, located in Orange, CA, is a sub-prime automotive loan provider.
Huntington Business Credit provides working capital and term loan facilities to middle-market companies for acquisitions, LBOs, MBOs, recapitalizations, growth, seasonal working capital build-up and turnaround situations.
