Northpoint Commercial Finance, a North American diversified financial services company, added asset-based lending as a financial solution for U.S.-based middle-market companies.
“Northpoint has built a reputation within the financial services industry of continued innovation, knowledgeable experts and a common-sense approach to lending,” Dan Radley, CEO of Northpoint, said. “We are excited to offer our asset-based lending solutions to borrowers, sponsors and intermediaries looking to maximize a company’s borrowing capacity with cost-effective funding. Our passion for customers, speed in execution and highly personalized approach to lending make Northpoint a perfect fit to address the needs of the middle market.”
Northpoint will offer senior secured revolving credit lines and term loans ranging in size from $2 million to $20 million to borrowers across a range of industries. Robert Wagner, general manager and head of asset-based lending at Northpoint, will lead a team of ABL professionals.
“Access to steady, reliable capital is especially important now, given the substantial number of companies transforming product offerings, workforce dynamics and technology solutions as a result of the pandemic,” Wagner said. “Asset-based lending is a strategic financing tool for middle-market companies, used to support ongoing operational needs, organic growth and acquisitions, or turnaround or restructuring plans. We look forward to partnering with borrowers, sponsors and our extensive network of intermediaries to help move businesses forward.”
Northpoint is owned by LBC Capital, a subsidiary of Laurentian Bank of Canada.
