Great Elm Capital Extends Revolving Credit Facility with City National Bank

Great Elm Capital, a business development company, amended its existing $25 million revolving line of credit. According to an 8K filed with the SEC, City National Bank is the lender for the facility.

November 28, 2023 City National Bank | Great Elm Capital | Matt Kaplan Ian Koplin

Great Elm Capital and Berkadia Commercial Mortgage Launch Great Elm Healthcare Finance

Great Elm Capital launched Great Elm Healthcare Finance (GEHF) with an affiliate of Berkadia Commercial Mortgage. Led by healthcare finance veteran, Michael Gervais, GEHF will also be supported by Great Elm Specialty Finance’s existing infrastructure.

November 14, 2022 Berkadia Commercial Mortgage | Chad Kerr | Great Elm Capital | Matthew Kaplan | Michael Gervais | Michael Keller | Ray Zilke | Steve Ervin Ian Koplin

Friedman Retires from Lenders Funding as COO and CCO, Benkovich to Assume Role

Lenders Funding announced chief operating officer and chief credit officer, Harvey Friedman, will be retiring after leading its credit operations and overall administration for 18 years. John Benkovich will join Lenders Funding as its chief operating officer and chief credit officer.

September 23, 2022 Great Elm Capital | Harvey Friedman | John Benkovich | Lenders Funding | Michael Keller | Robert Zadek Ian Koplin

Prestige Capital Leads Syndicate Providing $100MM to Staffing Company

Prestige Capital led a syndicate of finance companies in increasing a West Coast staffing company’s credit line from $24 million to $100 million. The syndicate included Rosenthal & Rosenthal, Lenders Funding, Sterling Commercial Credit and Great Elm Capital.

May 9, 2022 Great Elm Capital | Lenders Funding | Paul Schuldiner | Prestige Capital | Rosenthal & Rosenthal | Sterling Commercial Credit | Stuart Rosenthal Ian Koplin

Great Elm, Utica Leaseco Form Venture to Invest in Equipment Finance Transactions

Great Elm Capital launched Great Elm Utica, a joint venture between Great Elm Capital and Utica Leaseco, to co-invest in proprietary equipment financing transactions sourced by Utica Leaseco.

March 7, 2022 David Levy | Great Elm Capital | Great Elm Specialty Finance | Michael Keller | Utica Leaseco Ian Koplin

Great Elm Capital Purchases Majority Interest in Sterling Commercial Credit

Great Elm Capital, a business development company, acquired a majority equity interest in Sterling Commercial Credit, an asset-based lender.

February 4, 2022 Edwin Small | Great Elm Capital | Hovde Group | Michael P. Keller | Peter A. Reed | Sterling Commercial Credit Ian Koplin

Great Elm Acquires 80% Outstanding Equity Interests in Prestige Capital

Great Elm Capital acquired 80% of the outstanding equity interests in Prestige Capital from PCC’s retiring founder, Harvey Kaminski.

February 26, 2019 Alan Eliasof | Great Elm Capital | Harvey Kaminski | Peter A. Reed | Prestige Capital Corporation Amanda Koprowski

Great Elm Capital Extends RiceBran Facilities

RiceBran Technologies, which develops products derived from rice bran, received an extension on its senior secured term notes and revolving line of credit with Great Elm Capital due to mature on December 31, 2016.

January 3, 2017 Great Elm Capital | RiceBran Technologies ABF Journal