Huntington Business Credit Closes $50MM Credit Facility with Elements International

Huntington Business Credit closed a $50 million new credit facility with Elements International Group, a distributor of whole-home furniture products. Proceeds of the facility were used to refinance existing debt and provide ongoing working capital financing.

September 27, 2024 credit facility | Elements International Group | Huntington Business Credit Brianna Wilson

Huntington Business Credit Closes $99MM in New Credit Facilities with Lumberman’s

Huntington Business Credit closed $99 million in new credit facilities with Lumbermen’s, a diversified building materials supplier, on June 25, 2024. Proceeds of the facility were used to refinance existing debt and provide ongoing working capital financing.

July 18, 2024 credit facilities | credit facility | Huntington Business Credit | Lumbermen’s Brianna Wilson

The Best Companies in Specialty Finance

We asked our readers to nominate the best companies in specialty finance, and we received many remarkable nominations! In this issue, we honor — and take notes from — the best companies in the industry when it comes to DE&I, Industry Advocacy, Innovation, Leadership, and Professional Development.

June 27, 2024 Assembled Brands Capital | Asset Based Lending Consultants | Best Companies | C2FO | CohnReznick | DE&I | FGI | Gibraltar Business Capital | Gordon Brothers | Haversine Funding | Hilco | Huntington Business Credit | Industry AdvocacyOtterbourg P.C | Innovation | InterNex | Otterbourg | PNC Bank | Professional Development | Republic Business Credit | Rosenthal & Rosenthal | Runway Growth Capital | Siena Lending Group | The Brownstein Corporation | Turning Rock Partners | Wintrust Business Credit Terry Mulreany

Huntington Business Credit

Huntington Business Credit, the asset-based lending division of Huntington National Bank, takes a proactive approach to professional development for its team members, a philosophy that permeates the entire bank. To Doug Winget, president of Huntington Business Credit, being committed to the career progression of employees is how the bank fuels and maintains a strong culture.

June 26, 2024 aging of the ABL industry | career progression | continuing education courses | credit college | Culture | Doug Winget | Empowering Growth | Huntington Business Credit | Joe Kwasny | leadership development program | old school relationship bank | proactive approach | Professional Development | retainment of employees | Vault Terry Mulreany

Huntington Business Credit Acts as Administrative Agent in $70MM in Credit Facilities

Huntington Business Credit, acting as administrative agent, closed $70 million in new credit facilities with financing partners Proterra Investment Partners and Farm Credit Services of America to support Stellex Capital Management’s acquisition of The James Skinner.

June 18, 2024 credit facility | Huntington Business Credit | Proterra Investment Partners | Stellex Capital Management | The James Skinner Brianna Wilson

Huntington Business Credit Closes $38MM in New Credit Facilities with Royal Chemical

Huntington Business Credit closed $38 million in new credit facilities with Royal Chemical on April 30, 2024. Proceeds of the facility were used to refinance existing debt and provide ongoing working capital financing.

May 13, 2024 credit facility | Huntington Business Credit | Royal Chemistry Brianna Wilson

Huntington Business Credit Closes $45MM Credit Facility for SDB Trade International

Huntington Business Credit closed a new $45 million credit facility for SDB Trade International, which used proceeds of the facility to refinance existing debt and provide ongoing working capital financing.

March 20, 2024 Huntington Business Credit | SDB Trade International Phil Neuffer

Huntington Business Credit Provides $10MM Credit Facility to Pharmaceutical Company

Huntington Business Credit closed a $10 million new credit facility with Capital Wholesale Drug Company, a pharmaceutical distribution provider headquartered in Columbus, OH, which used proceeds of the facility to refinance existing debt and provide ongoing working capital financing.

March 14, 2024 Capital Wholesale Drug Company | credit facility | Huntington Business Credit Brianna Wilson

Huntington Business Credit Closes $13MM in New Credit Facilities for C&K Industrial Services

Huntington Business Credit closed $13 million in new credit facilities for C&K Industrial Services, which used proceeds to refinance existing debt and provide ongoing working capital financing.

February 14, 2024 C&K Industrial Services | Huntington Business Credit Brianna Wilson

Huntington Business Credit Provides $200MM in Credit Facilities to Daedong-USA

Huntington Business Credit acted as lead arranger and administrative agent in closing $200 million in new credit facilities for Daedong-USA, a Wendall-NC-based importer and wholesale distributor of Kioti tractors, accessories and parts to farm implement dealers throughout the U.S.

February 2, 2024 Daedong-USA | Huntington Business Credit Phil Neuffer