Borrower Demand Drives Strong Q1 for Tiger Finance
Tiger Finance strategically deploys
Significant financing arrangements completed by Tiger Finance in Q1 included:
- a
$30.0 million real estate term loan to a well-recognized department store chain; - a
$27.5 million revolving line of credit to a wholesale/ecommerce furniture manufacturer; - a
$20 million revolving line of credit to a DTC ecommerce tool supplier; - a
$10 million FILO working capital term loan to a major national department store retailer; and - a
$7.5 million term loan to a transportation company for acquisition of specialty vehicle rolling stock.
Borrowers across a wide array of industries continue to rely on Tiger Finance for much-needed capital at a time of rapid economic change, noted
"We are incredibly proud of the growth Tiger Finance has realized over the past quarter. Leveraging the asset intelligence of the entire Tiger platform has allowed us to provide best-in-class solutions for a wide and diverse group of new clients. We are very excited to partner with these companies as they continue to grow and strengthen their own balance sheets," Cerussi said. "Our platform continues to grow as more businesses take advantage of our ability to quickly understand assets across various industries through leveraging Tiger's asset knowledge as well as our long-term partnerships with banks, private financial entities and financial intermediaries."
About Tiger Finance
Stretch asset-based lender Tiger Finance approaches investing decisions based upon Asset Intelligence. Providing first-lien, second-lien, and split-lien facilities, typically structured as term debt, Tiger Finance advances against working capital, machinery and equipment, fixtures, real estate, and intellectual property across a wide range of industries. It is a division of Tiger Capital Group, which specializes in the provision of secured debt financing and equity investments, as well as comprehensive appraisals for the ABL industry and the disposition of consumer and industrial assets.
Media Contacts: At Jaffe Communications,
View original content:https://www.prnewswire.com/news-releases/borrower-demand-drives-strong-q1-for-tiger-finance-302433645.html
SOURCE Tiger Group
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