Briar Capital Real Estate Fund provided a $6 million real estate loan to a Texas-based metal fabrication and machine shop. The loan consists of a $5 million term loan and a $1 million revolving line of credit, both secured by the company’s real estate as collateral.
Leader Bank was recognized for the second year in a row as the Lender of the Year to Minorities by the Massachusetts office of the U.S. Small Business Administration.
The Massachusetts office of the U.S. Small Business Administration named Leader Bank the 2019 Massachusetts Lender of the Year to Minorities.
Three banks, two certified development companies and two Small Business Investment Companies received recognition by the SBA, as they were named 2013 Lenders and Investment Companies of the Year.
Celtic Bank closed a $5 million SBA working capital CAPLine for a metals manufacturer and wholesaler located in Philadelphia, PA. The working capital line provides for advances on eligible accounts receivable up to 80%.