Silicon Valley Bank Provides $25MM Term Loan for ArtiCure

April 29th, 2016
AtriCure entered into an amended and restated term loan and revolving line of credit agreement with Silicon Valley Bank , providing access to a new $25 million five-year term loan, as well as renewing a $15 million revolving line of credit. “We are pleased to have Silicon Valley Bank as a partner,” said Andy Wade, senior vice president and chief financial officer of AtriCure Read more: Silicon Valley Bank Provides $25MM Term Loan for ArtiCure

Citizens Bank Provides $15MM Resolver to Lytron

April 28th, 2016
Citizens Commercial Banking has provided Woburn, MA-based Lytron with a new $15 million revolving line of credit. Lytron will use the funds to refinance existing debt and for general corporate purposes Continue reading here: Citizens Bank Provides $15MM Resolver to Lytron

4 Types of Credit Lines Your Business Needs to Know

April 27th, 2016
A business line of credit is similar to a business credit card but tends to come with lower rates and easier to access cash. If this type of flexible credit appeals to you, here are a few different kinds of credit lines your business should explore. Original post: 4 Types of Credit Lines Your Business Needs to Know

MidCap Business Credit Closes $8MM ABL for MW Wholesaler

April 27th, 2016
MidCap Business Credit completed an $8 million asset based line of credit to an oil and lubricant wholesaler located in the Midwest. The revolver is supported by advances against accounts receivable and inventory. The opportunity was sourced out of MidCap’s Atlanta office. Originally posted here: MidCap Business Credit Closes $8MM ABL for MW Wholesaler

Opus Bank Closes StatRad Line of Credit

April 26th, 2016
StatRad, a provider of cloud-based medical image exchange technology and teleradiology services, has entered into a line of credit agreement with Irvine, CA-based Opus Bank . Proceeds of the facility will be used to strengthen the company’s financial position and support its growth Read more: Opus Bank Closes StatRad Line of Credit

Oxford Finance, Silicon Valley Close $45MM Nuvectra Facility

April 22nd, 2016
Oxford Finance and Silicon Valley Bank closed a $45 million term loan to Nuvectra . The facility is comprised of a $40 million senior secured term loan and a $5 million line of credit. Funds are being used to finance the company’s recent spin-off from its parent company, Greatbatch, and to establish a market presence in the U.S Go here to read the rest: Oxford Finance, Silicon Valley Close $45MM Nuvectra Facility