Milestone Capital Partners, the holding company for Milestone Bank, a commercial specialty finance platform, closed its $11.5 million corporate note financing. Proceeds from the transaction will be used to support continued growth, including the funding of new originations, and to refinance existing holding company obligations.
“As a specialty bank, our lending and leasing capabilities provide small and mid-sized businesses with flexible solutions for their growth and working capital needs,” Mark Yung, president CEO of Milestone, said. “This financing strengthens our ability to meet that demand and deepen our commitment to the customers and partners who rely on us.”
Jeffrey Sugg, chief financial officer of Milestone, added, “Closing this transaction strengthens our balance sheet and gives us the runway to grow originations across our core verticals. We’re pleased with the institutional support and look forward to putting this capital to work.”
Brean Capital served as the company’s exclusive financial advisor and sole placement agent in connection with the transaction.
