CFA's Business Capital Sourcebook

June 5, 2012
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The Secured Lender's May 2012 digital  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.

Our next Deal Alert will be sent during the first week of July.

Need to find an older deal? Click here for the TSL Deal Alert archive for deals from December 2010 on.

Deal Size
Borrower Details
Notes
Accord Financial Inc.
$8M
Branded distributor of bottled water selling to large
grocers and mass merchandisers across Canada
Accounts receivable, inventory and equipment facility
Aileron Capital Management
$1,079,000
Acquisition of a 24-room boutique hotel, Solvang, CA
Bridge loan
$824,000
Refinance of a Mobile gas station and C-store,
Pasadena, CA
Bridge loan
$2,232,000
Acquisition of a 83,117 square foot industrial building in Ontario, CA
Bridge loan
$972,000
12,800-square-foot retail building, Clearwater, FL
 N/A
$1,196,000
Acquisition of a Chevron gas station and convenience store, Tampa, FL
Aileron, along with its CDC partner in the deal, Florida Business Development Corp., provided an 85% LTV loan to fund the acquisition of the property
 $3M
Both loans were used by local small business owners to acquire restaurants in Ft. Myers and Hallandale Beach, FL
Two SBA 504 loans
Ally Commercial Finance
$28M
The Meadows of
Wickenburg, Inc.,
Wickenburg, AZ
Senior credit facility
AloStar Bank of Commerce
$20M
Southwest Georgia Ethanol, LLC
Secured revolving credit facility
Bibby Financial Services
$4M
Transportation company, Quebec
Factoring facility
$1M
Distribution company,
New Jersey
Purchase order
$750,000
Distribution company, Ontario
Factoring facility
$500,000
Distribution company, Ontario
Factoring facility
$500,000
Tool distributor, Minnesota
Factoring facility
$500,000
Staffing company providing services to the aviation industry, New York
Factoring facility
$400,000
Transportation company, California
Factoring facility
$250,000
Apparel company, California
Factoring facility
$200,000
Transportation company, Georgia
Factoring facility
$125,000
Staffing company,
Washington D.C.
Factoring facility
Business Capital
$3.5M
Family medical practice,
Las Vegas, NV
Credit facility
Celtic Bank
$1.25M
Freight broker in Fresno, CA
SBA Working
Capital CAPLine
$2.35M
Wholesaler of craft and hobby products, Denver, CO
SBA Working
Capital CAPLine
$2.25M
Medical staffing company, Manhattan
SBA Working
Capital CAPLine
$1.35M
Metals service center,
Orange, CA
SBA Working
Capital CAPLine
CIT Group
N/A
K Road Power, an independent power developer, to acquire the McHenry Solar Project, a 25-megawatt photovoltaic solar project, from SunPower Corp.
Senior secured
credit facility
Cole Taylor Business Capital
$7.3M
H2X, LLC, Decatur, TX
Credit facility
$7.7M
Zentech Manufacturing, Inc., Baltimore, MD
Senior credit facility
 $20M
Cambria Company, LLC,
Le Sueur, MN
Facility 
Crossroads Financial
 $2.5M
Plastic resin manufacturer
and distributor
Purchase order financing facility, LSQ Funding is providing the client with a $4.5M factoring facility that complements the financing provided by Crossroads
First Capital
$10M
Pharmaceutical distributor of skin, body & hair care products
Asset-based
lending facility
 $15M
Transportation company specializing in oil field services
Asset-based
credit facility
FirstMerit Bank Business Credit
$12.5M
Primary Packaging, Inc., Bolivar, OH
Revolving credit loan and term loan facility
$10M
NW Sign Industries, Inc., Moorestown, NJ
Revolving credit
loan facility
GemCap
 $2.5M
Importer and reseller of fruit from South America
 Credit facility that includes comprised of a revolver against inventory in transit and receivables
Gerber Finance Inc.
$2.2M
Howard's Snacks, LLC
Line of credit
Graystone Capital
$500,000
Identity Solutions Company, Silicon Valley
 Credit facility
J D Factors
$100,000
Transportation company, Ontario, Canada
Factoring facility
$100,000
Transportation company, Quebec, Canada
Factoring facility
$250,000
Transportation company, Colorado
Factoring facility
$250,000
Transportation company, Illinois
Factoring facility
$200,000
Transportation company, Quebec, Canada
Factoring facility
$150,000
Drawer & shelf organizer company, California
Factoring facility
$150,000
Transportation company, Georgia
Factoring facility
$100,000
Transportation company, Ontario, Canada
Factoring facility
$50,000
Steel fabrication and welding company, Oklahoma
Factoring facility
$100,000
Transportation company, Quebec
Factoring facility
 $250,000
Cabinet manufacturing company, Florida
Factoring facility
 $150,000
Transportation company, Quebec
 Factoring facility
 $150,000

Transportation company,
Illinois

 Factoring facility
$200,000
Transportation company, Quebec
Factoring facility
$350,000
Transportation company,
Illinois
Factoring facility
$100,000
Transportation company, Ontario
Factoring facility
$250,000
Transportation company,
Texas
Factoring facility
$3M
Transportation company, Ontario
Factoring facility
$750,000
Recycling company, Quebec
Factoring facility
$200,000
Transportation company, Ontario
Factoring facility
King Trade Capital
$750,000
Importer of bedding and textiles, Connecticut
Annual Supply Chain Finance solution
$3M
Exporter in need of a finance solution to support the manufacture and export of construction components
Export production finance facility
$1M
Importer of mobile phone accessories, New York
Spot import letter
of credit
$2.5M
Importer of licensed footwear, New York
Purchase order finance commitment
$200,000
Domestic manufacturer, Texas
$200,000 of a $1M annual commitment
Lawrence Financial Group
$5M
Cimarron Entertainment Group, Hollywood, CA
Revolving
line of credit
MidCap Business Credit
$6M
Recycler and reseller of used cell phones and accessories
Asset-based
credit facility
NewStar Business Credit
$10M
Horton Archery LLC, Kent, OH
Revolving
credit facility
$350,000
Security guard staffing group headquartered near Atlanta, GA
Factoring
line of credit
$10M
The Markets, a portfolio company of Hancock Park Associates, Bellingham, WA
Revolving
credit facility
Porter Billing Services
$75,000
Transportation company, Chicago, IL
Factoring facility
$85,000
Transportation company, Fort Lauderdale, FL
Factoring facility
$75,000
Transportation company, Chicago, IL
Factoring facility
The Porter Capital Corporation
$150,000
Distributor of industrial insulation products,
New Orleans, LA
Factoring facility
$400,000
Health care staffing company, Glendale, CA
Factoring facility
$500,000
Oil and gas field services company, Benton, MS
Factoring facility
PNC
$60M
MedPlast Inc. Tempe, AZ
Senior secured financing package
$35M
FRAC-CHEM, LLC, an oilfield chemical manufacturer and wholesale chemical supplier, Lafayette, LA
Revolving credit facility
Prosperity Funding
$250,000
Staffing firm, Atlanta, GA
AR finance facility
$300,000
Staffing firm, Charlotte, NC
AR finance facility
$500,000
Staffing firm, Spokane, WA
AR finance facility
$350,000
Staffing firm, Annapolis, MD
AR finance facility
$150,000
Staffing firm, Miami, FL
AR finance facility
Republic Capital Access, LLC (RCA)
N/A
Premier financial institution, Washington, DC
Financing facility
Salus Capital Partners, LLC
$24M
Frederick's of Hollywood Group Inc., a specialty retailer of intimate women's apparel
and lingerie
Senior secured working capital facility
Sterling National Bank
$750,000
Milton Merl & Associates
Business line of credit
$4.4M
701 West 135th Street,
New York LLC
Mortgage
$10M
Associated Mortgage
Bankers Inc.
Mortgage
warehouse facility
$1M
Meadowbrook Care Center Inc., Freeport, NY
Business line of credit
Summit Financial Resources
$400,000
Staffing and recruiting company, San Francisco
A/R credit line
$125,000
Transportation firm, Minnesota
A/R credit line
$500,000
Manufacturer and distributor of audio-visual equipment, Omaha
A/R credit line
$500,000
Textile manufacturer, Iowa
A/R credit line
$500,000
Manufacturer of organic healthy and beauty products, Denver
A/R credit line
$150,000
Distributor of commercial plastics, Austin
A/R credit line
$200,000
Lumber supply company, Tucson
A/R credit line
$300,000
Distributor of cell phone accessories, Atlanta
A/R credit line
$2M
Transportation firm, New York
A/R credit line
TCE Capital Corporation   
 $1.6M
 Personal injury law firm
Consisting of a $1M invoice discounting and $600,000 demand revolving loan facility
US Capital Partners
$50,000
Leader in the concrete and asphalt paving industry, Texas
Term loan
Wells Fargo Capital Finance
$150M

M. Holland Company and M. Holland Canada Company

Senior secured revolving credit facility
 $1.4B
Performance Food Group, Inc.
Lead joint arranger, bookrunner, and administrative agent

 

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www.cfa.com