Congressional Bank Provides $25MM Revolver to Parabilis
Parabilis, an asset-based lender serving small- to mid-sized government contractors, closed on a $25 million senior revolving credit facility with Congressional Bank.
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.
Congressional Bank has hired Craig Underhill as president of the Community Banking Division, a newly created position.
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.