Alantes Provides $3.94MM Facilities for Chef’s Requested Foods

April 15th, 2016
Alantes provided a $3 million scalable accounts receivable and inventory line of credit along with a $790,000 machinery and equipment term loan and a $150, 000 real estate term loan for Chef’s Requested Foods. Oklahoma-based Chef’s Requested Foods began as a local meat purveyor and has built a solid reputation processing premium quality, value-added meats. View post: Alantes Provides $3.94MM Facilities for Chef’s Requested Foods

Alantes Provides $3.94MM Facilities for Chef’s Requested Foods

April 15th, 2016
Alantes provided a $3 million scalable accounts receivable and inventory line of credit along with a $790,000 machinery and equipment term loan and a $150, 000 real estate term loan for Chef’s Requested Foods. Oklahoma-based Chef’s Requested Foods began as a local meat purveyor and has built a solid reputation processing premium quality, value-added meats. Like many other small businesses, the company’s growth trajectory put a strain on the relationship with its current lender. See original here: Alantes Provides $3.94MM ...

Concord Facilitates Closing of $26MM of Financing for Hufcor

April 12th, 2016
Concord Financial Advisors  closed a $20 million senior secured revolving line of credit and $6 million term loan for Hufcor , a manufacturer and distributor of movable walls. After conducting a targeted search process that generated a variety of proposals, Concord secured an attractive loan structure from a nationally recognized finance company that met the company’s financing objectives, including a senior secured revolving line of credit and term loan, eliminating the need for a mezzanine lender. View original post ...

BlueVine Launches Flex Credit, Hires Former Google Capital Exec

April 8th, 2016
Fintech factor BlueVine has launched Flex Tech to offer small businesses a revolving business line of credit. The company also hired former Google Capital manager Ana Sirbu as senior vice president of finance and strategy. Read the original post: BlueVine Launches Flex Credit, Hires Former Google Capital Exec

Mackinac Commercial Funds ABL for Michigan-based Service Provider

April 5th, 2016
Mackinac Commercial Credit provided a $700K credit line to a Michigan-based service business. The business was not getting the service they expected from their current lender, who told the business it was “too small” for it to handle Read more: Mackinac Commercial Funds ABL for Michigan-based Service Provider

Gibraltar Closes $4MM ABL Line to Maker of Solar Inverters

April 1st, 2016
Gibraltar Business Capital (GBC) recently closed a new $4 million asset-based line of credit to a manufacturer of solar inverters for industrial/commercial use. The company is a global corporation which has recently established operations in San Antonio, TX. Its German parent provided initial capital, and with the new GBC line of credit the U.S Originally posted here: Gibraltar Closes $4MM ABL Line to Maker of Solar Inverters