CFA's 67th Annual Convention

June 2, 2011
Click here to access the latest issue of TSL online

The Secured Lender's May/June 2011  issue

Welcome to TSL's Deal Alert! The following industry-related deals were compiled from TSL Express. Deals are listed in alphabetical order by company.

If you'd like your deals included here, or have any questions, please contact tslexpress@cfa.com.

Look for the next TSL Deal Alert during the first week of July!

Deal Size
Borrower Details
Notes

Access Capital

$2M
Distributor of stretch wrap, plastic bags and related products to manufacturers and construction and food service companies in both the U.S. and Canada, New Jersey
Line of credit
Accord Financial Inc.
$1M
Small ticket factoring company, Toronto, Ontario
Revolving loan facility
Aileron Capital Management, LLC
$1.15M
Building of a Sonic Drive-In restaurant in Vista, CA
Refinance of a short-term construction loan
Bibby Financial Services
$1.25M
Manufacturing company, Massachusetts
Factoring Facility
$500,000
Transportation company, Ontario
Factoring Facility
$750,000
Chemical company, Ontario
Factoring Facility
$500,000
Staffing company, Illinois
Factoring Facility
$500,000
Service company, Florida
Factoring Facility
Celtic Capital
$800,000
Company that does laboratory analytical work, research and development and manufacturing of specialized materials,
St. Paul, MN
Accounts
receivable line
$1M
Distributor of printed circuit boards, Chandler, AZ
Accounts receivable line of credit
$1M
Distributor of custom packaging material,
Centennial, CO
Accounts receivable line
Crystal Financial LLC
$45M
Wheels Financial Group, Inc., dba 1-800 LoanMart,
Encino, CA
Revolving loan
Crestmark's Baton Rouge, LA office
$1.5M
Developer and marketer of natural food products, Oklahoma
Accounts receivable purchase
Crestmark's Hoboken, NJ office
N/A
Fashion designer, New York
Funds-as-collected arrangement
Crestmark's Nashville, TN office
$600,000
Trucking company, New Jersey
Accounts receivable purchase facility
$1.5M
Trucking company, Iowa
Accounts receivable purchase facility
$800,000
Trucking company, Colorado
Working capital
line of credit
$5M
Logistics provider, Washington
Working capital
line of credit
Crestmark's Troy, MI office
$2M
Manufacturer of automotive parts, Michigan
Working capital line
of credit
$250,000
Distributor of whitening equipment to salons and spas, Florida
N/A
$750,000
Flavored coffee provider to retail stores, Ohio
Working capital line
of credit
Crestmark's West Palm Beach, FL office
N/A
Furniture importer,
North Carolina
Funds-as-collected arrangement
$5M
Provider of secured merchant advance, Florida
Asset-based
lending facility
Finacity Corporation and Norddeutsche Landesbank Girozentrale (NORD/LB)
up to $100M
Hapag-Lloyd Group
Trade receivables securitization
First Business Capital Corp.
$4.5M
Manufacturer of wire products, Minnesota
Revolving line of credit
$6.5M
Manufacturer of machine tools, Ohio
Revolving line of credit and CapX line of credit
First Capital
$1.5M
High quality furniture importer
Working capital line
of credit
First Growth Capital
$23.4M
Small- and medium-sized businesses during the first four months of 2011
Working capital credit facilities
FirstMerit Bank Business Credit
$47,837,000
The Strive Group LLC,
Chicago, IL
Revolving credit and term loan facility
$8.8M
Primary Packaging, Inc,
Bolivar, OH
Revolving credit and term loan facility
$19,298,000
Colony, Inc., Elgin, IL
Revolving credit and term loan facility
$18M
Arrow Tru-Line Holdings, Inc., Archbold, OH
Revolving credit and term loan facility
GB Merchant Partners, LLC
N/A
No Fear Retail Stores Inc., Carlsbad, CA
DIP term loan
$13M
Gradient Resources, a geothermal energy company, Reno, NV
Term loan
Gerber Finance Inc.
$2.8M
Pilgrim Screw Corporation
Line of credit
Gibraltar Business Capital  
$3M
Insurance agency that specializes in hail, fire and other crop insurance
Revolver
$2M
Manufacturer and importer of unique novelty products, California
Revolver
$3M
Company that provides IT and business consulting
solutions, Illinois
Revolver
Greenfield Commercial Credit 
$3.5M
Manufacturer of plastic bags, Texas
Line of credit based on accounts receivable and inventory
$700,000
Manufacturer of
industrial pumps, Texas
Line of credit based on accounts receivable and inventory
Greystone Commercial Services LP
$4M
IT consulting company,
New Jersey
Factoring facility
JD Factors
$50,000
Transportation company, Ontario
Factoring facility
$500,000
Communications company, Illinois
Factoring facility
$100,000
Transportation company, Quebec, Canada
Factoring facility
$50,000
Transportation company, Ontario, Canada
Factoring facility
Keltic Financial Services
$3M
Forgitron Technologies, LLC, Camden, SC
Credit facility consisting of a $2.2 million revolving line of credit and $800,000 term loan
Marquette Commercial Finance
$2M
Dent Zone Companies
N/A
Marquette Equipment Finance
$250,000
Insurance industry, company
N/A
$2M
Oilfield services
industry company
N/A
$772,000
Healthcare industry company
N/A
$400,000
Convenience stores
industry company
N/A
Monroe Capital LLC
$15M
Applied Merchant Systems West Coast, Inc., Oxnard, CA
Senior credit facility
$28.45M
Evergreen Maintenance Center, Marana, AZ
Unitranche credit facility
North Mill Capital LLC
$5M
Southstream Seafoods, Inc.
Credit facility
$2M
Portuguese Baking Co. LP t/a Teixeira's Bakery
Credit facility
Paragon Financial Group
N/A
Commercial printing company, Melbourne, FL
Partnered with Seaside Bank to close a factoring credit facility
N/A
Start-up cable sales company, Bloomfield, NJ
Company was referred to Paragon by a national cable provider who recognized this rapidly growing vendor needed financing.
N/A
International home goods importer, New York
Purchase order financing; Paragon brought in a trade finance partner to provide letters of credit necessary to complete the deal
PNC
$45M
Tecumseh Products Company, Ann Arbor, MI
Revolving credit facility
$30M
Pretium Packaging, LLC, Chesterfield, MO
Revolving credit facility
Presidential Financial
$3M
Online distributor of restaurant equipment and other restaurant products and supplies, Georgia
Accounts receivable credit facility
$1M
Recruitment process outsourcing firm providing RPO, staffing and recruiting and HR consulting, Georgia
Accounts receivable facility
$1.5M
Largest independent weekly shopping and direct mail publications on the East coast, Maryland
Accounts receivable credit facility
$1M
Limestone mining operation that provides crushed stone for road construction, and for use at utility and power plants, Florida
Accounts receivable and inventory credit facility
Summit Financial Resources
$1.65M
Manufacturer of athletic apparel, Missouri
A/R credit line
$500,000
Manufacturer of custom industrial fasteners, Illinois
A/R credit line
$750,000
Technology firm, Northern California
Credit line
$1M
Manufacturer of electrical equipment, based in the Southeast
A/R & inventory line
$500,000
Medical staffing company, Denver
A/R line
Sky Business Credit, LLC
$50,000
Transportation Company, Texas
Factoring Facility
$100,000
Consultants/Inspectors to auto industry, Indiana
Factoring Facility
$50,000
Staffing Company, Michigan
Factoring Facility
$50,000
Manufacturer, Minnesota
Factoring Facility
$75,000
Food Manufacturer, Florida
Factoring Facility
$150,000
Government Contractor, Virginia
Factoring Facility
Sterling National Bank
$4.4M
Wholesaler and distributor of bedding and accessories to national and independent retailers
Credit facility
$12M
Wholesale distributor of wire, cable and connectivity products and services to contractors, installers, system integrators, OEMs and end users
Revolving line of credit
$2M
Firm engaged in general electrical contracting of commercial and residential buildings in the tri-state area
Revolving line of credit
$1M
Fund that specializes in investment and acquisition opportunities in middle market companies
Secured working capital line of credit
TAB Bank
up to $3M
Swanberg USA Inc.,
Houston, TX
A/R line
$3M
G Squared Funding, a division of G Squared Financial, LLC, Marietta, GA
N/A
$8M
A/R and inventory for SanSegal Sportswear, Inc., Sandy, UT
Asset-based credit line
TCE Capital Corporation
$1.2M
N/A
Demand revolving loan facility
$1M
JMAR Express Inc.,
Searcy, AR
Asset-based credit line
US Capital Partners, Inc.
$6M
Successful national beverage company, Chicago, IL
Senior secured
credit facility
Wells Fargo Capital Finance
$80M
Beverages and More, Inc. (BevMo!)
Senior secured, asset-based revolving credit facility
$30M
Greystone Commercial
Services LP
Senior secured financing facility
Commercial Finance Association
370 7th Avenue, Suite 1801
New York, NY 10001
(212) 792-9390
www.cfa.com