in originations since 2016
transactions in 2021
Low execution risk. Highly sophisticated products. Coast-to-coast coverage.
Invest in confidence. We are adept at structuring and managing flexible strategies in condensed timeframes, including senior and mezzanine securities. Name the industry, name the place. We’ll handle it.
We provide senior secured cash flow and asset-based loans for lower middle market companies, including:
- Leveraged buyouts, mergers and acquisitions, refinancings, and dividend recapitalizations.
- Investments with a minimum of $1 million EBITDA; senior leverage typically up to three times EBITDA (total leverage up to four times EBITDA, on average).
- Companies across a wide variety of industries; primarily manufacturing, business services and distribution.
Meet the team
It’s good to trust your gut. However, structuring a leveraged finance strategy is not an impulse endeavor. There are lots of options to consider, and each comes with its own situations and questions.
Our extensive suite of options includes:
- Revolving Lines of Credit
- Term Loans
- Acquisition Lines
- Delayed Draw Term Loans
- Mezzanine Loans
- Equipment Finance
- Bridge Loans
- Interest Rate Risk Management
- Foreign Exchange Risk Management
- Treasury Management
Our industry experience includes:
- Equipment rental
- Engineering services
- Financial services
- Healthcare (light reimbursement risk)
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We fund coast-to-coast
Frequently asked questions
A cash flow-based loan is a secured loan that is sized based on the bank’s estimation of the sustainable cash flows or Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of the Company.
Yes, we seek to work with sponsors who have significant experience with capital markets, strategies for operational improvement, investing in a particular industry, executing various strategic initiatives and/or operating leveraged companies.
Yes, there are adjustments to EBITDA for verifiable nonrecurring costs.
Lines of credit are often based on current assets and underlying working capital needs or a multiple of EBITDA.
It depends on the transaction. Some cash flow-based loans include revolving lines of credit governed by current assets that may require a field exam. Others are based on leverage alone and my not require a field exam. Contact a member of the team to determine what is appropriate for a specific situation.
It depends on the transaction, but it could require any combination of field exam, quality of earnings report, appraisals, market study, background check and legal. We are cost conscious and will leverage the due diligence that our equity partners are completing.
Companies with a history of reliable cash flow are the best candidates for cash flow-based loans. Common circumstances to consider cash flow-based loans may include:
- Mergers & acquisitions
- Capital expenditures
- Dividend recapitalizations
- Leveraged buyouts
Companies located in the United States with at least 3 years in business and EBITDA of at least $1MM.
From the signing of term sheets, transactions typically close within six to eight weeks. However, the amount of time required is highly dependent on due diligence requirements (if applicable mix of field exams, appraisals, etc.), flow of information, and negotiations of loan documents. We provide quick initial indications of interest after receiving financial information and strive to provide credit-vetted term sheets within one week of receiving required financial information.
We offer competitive risk-adjusted pricing for loans and seek reimbursement for required third party due diligence. Estimates can be provided upon request.
If you are interested in learning more about asset-based lending, please contact a member of our team to discuss a tailored solution to meet your needs.
All data represented is based on 2021 reporting and results.
All loans subject to credit review and approval.
Fees may apply. Contact us for further detail.