Parabilis, an asset-based lender serving small- to mid-sized government contractors, closed on a $25 million senior revolving credit facility with Congressional Bank.
NuBridge Commercial Lending entered a $73.5 million, 36-month revolving credit facility with a syndicate of banks, with Cadence Business Finance serving as agent. The bank group also includes Sunflower Bank, Congressional Bank and Dominion Bank.
Funding Circle, a small business loans platform, and Congressional Bank, a bank headquartered in Maryland, extended their existing lending partnership to provide more capital to small businesses across the U.S.
Small business online lender OnDeck closed an $85 million corporate revolving credit facility. SunTrust Bank and Silicon Valley Bank served as arrangers on the facility, while MB Financial Bank and Congressional Bank joined them as lenders.
Housing & Healthcare Finance announced its affiliate company and Congressional Bank closed/funded loans with aggregate commitments totaling about $16.5 million.
Congressional Bank and HHC Funding announced the closing of a $5.5 million ABL to Cypress Skilled Nursing and their affiliates.