Capital One Increases Newtek Financing to $50 Million
Newtek Business Services announced its lending subsidiary, Newtek Small Business Finance, received approval/documentation from Capital One to increase its existing revolver to $50 million.
Newtek Business Services announced its lending subsidiary, Newtek Small Business Finance, received approval/documentation from Capital One to increase its existing revolver to $50 million.
Newtek Business Services announced that it has entered into a $20 million credit agreement with Capital One, which consists of a $10 million term loan and a $10 million revolving credit facility.
Small businesses are still feeling the effects of a challenging economic landscape, but are increasingly optimistic about the future of their business and the economy, according to Capital One’s latest Spark Business Barometer.
Fifty-six percent of energy professionals surveyed by Capital One identified U.S. energy independence as the industry trend likely to gain the most momentum this year.
Essex Rental announced it amended its Coast Crane credit agreement. GE Capital served as agent on the facility amendment, with PNC Bank, Wells Fargo Bank and Capital One Leverage Finance as lenders.
The Snoqualmie Indian Tribe announced it finalized a refinancing with the closing of a new $310 million credit facility. The facility was led by BofA Merrill with CIT, Key Bank and Capital One serving as joint lead arrangers.
Capital One said Esther Lainis has joined its Middle Market lending team in New York as senior vice president, with a focus on the apparel industry.
DTT announced it increased its credit facility to $60 million, through a round of funding led by Capital One.
INTL FCStone announced that it agreed to a new, three-year, $140 million senior secured revolving credit facility. BofA Merrill Lynch and Capital One acted as joint lead arrangers and joint book managers.
Southern Theatres announced that it acquired Movie Tavern. GE Capital, Webster Bank, Capital One and CIT are providing financing for the transaction.