Rise Line Business Credit, a nationwide asset-based lending firm that provides innovative working capital solutions and portfolio company of Crossroads Impact received $30 million in financing from Texas Capital Bank.
Rise Line Business Credit hired Morten Kucey as senior managing director. Kucey will play a role in expanding the firm’s relationships and product offerings to originate, structure and underwrite new lending opportunities.
Crossroads Systems, a holding company focused on investing in businesses that promote economic vitality and community development, will merge with Rise Line Business Credit, an asset-based lending firm that provides working capital solutions.
Senior secured lender Rise Line Business Credit appointed Senior Advisor Paul Martin to a full-time position as senior managing director of Credit.
Rise Line Business Credit launched a lower middle market asset-based lending platform for businesses looking for capital to fund their operations, acquisitions, and restructuring activities.