Edge Capital Lending completed six new hires to support its rapid portfolio growth. Edge recognized that in this increasingly uncertain economic climate, speed and certainty to close have become even more important to its private equity and other referral partners.
Context Business Lending, a family office-backed specialty finance company, rebranded as Edge Capital. According to Meredith Carter, CEO of the company, over the next five years, Edge Capital plans to deploy $1 billion in capital.
Every asset-based lender brings a different set of criteria to the table when examining a potential deal. In a panel at the 13th Annual Philadelphia Credit & Restructuring Summit, four different financing providers outlined their own unique perspectives on deal evaluation.
Context Business Lending named Joy Hanawa director of technology and data analytics. In this role, Hanawa will lead the innovation agenda and technology roadmap for CBL and manage the design and development of additional automation and data analytics tools.
Context Business Lending increased its warehouse line by adding Texas Capital Bank as joint lead arranger to its warehouse facility led by CIBC Bank USA as agent.
Context Business Lending launched an e-commerce division, which was designed to specifically address the needs of e-commerce companies.
To get a handle on how the asset-based lending industry has traversed a tumultuous 2020 and where it is headed in 2021, ABF Journal spoke with executives from Siena Lending Group, Context Business Lending, PNC and BMO Harris in an exclusive Q&A.
Context Business Lending, a family office-backed, national asset-based lender, closed seven new revolving lines of credit over the last five months, including a $20 million line to Universal Metals and parent company Northwestern Holding Company.
Context Business Lending provided new revolving lines of credit to three companies: a mining technology company, an eCommerce distributor and a designer and manufacturer of consumer products.
Context Business Lending appointed Meredith L. Carter as managing director of Business Development and assistant general counsel.