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 closed a $7.85 million asset based revolving credit facility for Great Western Products to refinance existing indebtedness and provide growth capital.
Michael Molenda joined Rise Line Business Credit as managing director of originations. He will be responsible for growing the platform through sourcing and arranging new opportunities.
Rise Line Business Credit completed a revolving leverage facility with Wells Fargo Capital Finance.
Rise Line Business Credit closed a $6.5 million asset-based revolving credit facility for H.O.P New York Entertainment, d/b/a Postworks New York.
Rise Line Business Credit added Paul Durosko, Allan Gajadhar and Michael White to the company to bolster underwriting, credit and collateral management, and analytical capabilities.
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.