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.
Great Elm Capital, a business development company, acquired a majority equity interest in Sterling Commercial Credit, an asset-based lender.
Sterling Commercial Credit provided a credit facility to Napoleon Machine. Madison Street Capital acted as the exclusive financial advisor in the arrangement of the facility.