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Good Morning Everyone

Welcome to this week’s deep dive into the dynamic world of financing—covering our latest insights on bridge loans, growth capital loans, and asset-based loans.

Today’s edition features Last Week's:
📊 Top Growth Cap & ABL Loans and Lenders Weekly Scoreboard
💫 Borrower's Blueprint for Securing Better Financing
🎯 Deal Flow Deep Dive (Targets for Brokers, Lenders, FO, M&A, and PE Firms)
💎 New Loan Programs

Let’s dive in.

🔄Share this newsletter with your colleagues and network if:

1) You’re tracking which active Growth Capital and ABL lenders are leading the market.
2) You’re after innovative strategies to secure Growth Capital and ABL debt financing.
3) You need reliable Growth Capital and ABL lenders to finalize your next deal.

Bridge Loan Guy
Top Loans of the Week

Top Growth Cap/ABL Lenders
Senior Debt / Senior Secured Credit Facilities: Comvest Credit Partners, Chicago Atlantic BDC, Healthcare Funding Partners, Encina Lender Finance
Asset-Based Lending: Cambridge Savings Bank, Legacy Corporate Lending, Siena Lending Group
Accounts Receivable / Factoring & Inventory Lines: nFusion Capital, eCapital, Sallyport
Term Loan: Loeb, Jefferies, Deutsche Bank, Mizuho Bank
Specialty Finance: SLR Healthcare ABL, MidCap Business Credit

Largest single deal: $800M (Eco Material Green Term Loan)

Number of states involved: 11 (major deals in UT, IL, FL, TX, MA, NY, GA, OR, CT)

Sectors financed: Commercial roofing, software technology, healthcare, agriculture, drone technology, construction

Growth Capital Loans
◾ Eco Material Technologies secures an $800M term loan to drive decarbonization and green cement innovation
◾ Healthcare Funding Partners announces a $180M senior secured credit facility
◾ Chicago Atlantic BDC closes a new $100M senior secured revolving credit facility
◾ White Oak Commercial Finance provides a $60M revolving credit facility to a leading utility construction and infrastructure company
◾ Encina Lender Finance provides a $46M first-out commitment in partnership with a structured credit fund
◾ Cambridge Savings Bank announces a $20M revolving line of credit to Arctaris Impact Investors to enhance community investment strategy
◾ Red Cat raises $20M in debt financing
◾ Treatment.Com AI Inc. announces a new M&A credit facility
◾ Comvest Credit Partners provides debt financing to support the merger of
Opexus and Casepoint and majority investment from Thoma Bravo
◾ Encina Private Credit provides a first-out tranche in a senior secured facility to Eskola Roofing and Waterproofing

Asset-Based Loans
◾ nFusion inks largest single deal with a $46M facility
◾ Siena Lending Group closes a $27.5M asset-based credit facility for Pure Safety Group
◾ Legacy Corporate Lending provides a $25M asset-based credit facility to Bridgewell Agribusiness
◾ eCapital provides a $15M factoring facility to supplement a manufacturer
◾ Sallyport provides a $10M funding boost for an AgTech innovator
◾ MidCap Business Credit provides a $10M asset-based line of credit to a winter clothing distributor
◾ LSQ creates a $2.5M invoice finance facility for a Minnesota-based snack manufacturer
◾ Amerisource closes a $2M revolving credit facility for a mechanical repair services firm
◾ SLR Healthcare Finance provides a $5M asset-based revolver for a mental health service provider
◾ Loeb carves success for a woodworking company with a $1.2M facility

🏆 Winners 
◾ Government Software/Tech: Strong appetite for companies serving federal agencies with process management and data discovery solutions
◾ Infrastructure & Construction: Multiple large deals securing multiple credit facilities, demonstrating robust support for infrastructure-related businesses
◾ Safety & Defense Equipment: Strong support for defense/safety equipment manufacturers

❌ Losers 
◾ Traditional Manufacturing: Faces challenges due to supply chain disruptions and rising costs
◾ Retail: Struggles with declining foot traffic and shifting consumer preferences
◾ Print/Marketing Services: Challenging financing situations evidenced by marketing/printing company needing to consolidate multiple lending sources through specialty finance rather than traditional banking

📝 Tips For Borrowers

1. Leverage ESG & Infrastructure Angles

   Traditional businesses should highlight infrastructure/sustainability aspects of their operations as lenders are increasingly using ESG metrics not just for marketing, but as proxy indicators for operational efficiency and future-proofing

2. Consider Multi-Tranche Structures

   First-out/last-out structures are gaining traction in middle market as an alternative to straight syndication, so structure senior facilities to allow for future mezzanine or specialty financing.

3. Diversify Revenue Streams to Mitigate Risk

   If your revenue is concentrated in one industry or customer segment, consider diversifying your offerings or markets. Lenders are more likely to finance businesses that demonstrate resilience across economic cycles.

💡 Weekly Opportunities

1. Brokers 
   1) Green technology infrastructure transition space, particularly companies needing flexible financing to upgrade utility and infrastructure networks.
   Referral Partners: Engineering firms specializing in grid modernization, Environmental compliance consultants, Utility industry equipment suppliers, and Infrastructure-focused architectural firms

   2) Health tech and digital health transformation space, especially companies merging traditional healthcare with AI/tech capabilities
   Referral Partners: Healthcare IT consultants, Medical device distributors, Healthcare compliance attorneys, and Medical practice management companies
   

2. Opportunities for M&A Investment Bankers
   1) Specialty agriculture tech sector, particularly where traditional agriculture meets modern technology and sustainability. Look for companies with gross margins above 35% in traditional agriculture segments - this often indicates successful tech integration
   Referral Partners: Agricultural equipment manufacturers, Sustainable farming consultants, AgTech incubators, Food science research institutions

   2) Government technology services sector, particularly companies with FedRAMP certification. Look for companies with over 40% of revenue from recurring contracts
   Referral Partners: Government contracting consultants, Cybersecurity firms, Federal procurement specialists, Public sector software developers
   

3. Opportunities for Family Offices
   1) Multi-generational family businesses undertaking strategic expansions. Look for family businesses with at least 20 years of operational history and clear succession plans.
   Referral Partners: Family business associations, Estate planning attorneys, Family business brokers
   2) Specialized healthcare technology sector, especially businesses that combine stable healthcare demand with technological innovation. Prioritize companies with both technical innovation and strong patient satisfaction metrics
   Referral Partners: Healthcare innovation incubators, Medical technology associations, Digital health consultants, Healthcare privacy compliance experts
   

4. Opportunities for Private Equity
   1) Fragmented service industries that are ripe for tech-enabled consolidation plays. Look for industries with the top 10 players controlling less than 20% of the market share.
   Referral Partners: Industry-specific software providers, Regional business brokers, Digital transformation consultants, ERP implementation specialists
   2) Specialized insurance distribution platforms, especially those with proprietary technology. Target companies with technology that can be replicated across multiple acquisitions.

   Referral Partners: Insurance technology vendors, Regional insurance brokers, InsurTech accelerators, Insurance compliance attorneys

New Loan Programs/Lenders
◾ Encina Lender Finance and Cardo AI have introduced innovative technology integration for streamlined bridge loan and asset-based financing processes in structured credit. Read

😲 Didn’t see that one coming

◾ Elie Schwartz pleads guilty to a $54M CrowdStreet fraud scheme, facing up to 20 years in prison. Read
◾ Harvey Weinstein alleges he was duped into guaranteeing a $45M loan, suing his brother and fellow movie execs. Read
◾ Pennsylvania trucking company Turk Transportation files for Chapter 11 bankruptcy amid financial headwinds. Read
◾ RFR faces another foreclosure suit at a Manhattan property after missing property taxes. Read

LENDERS, SEND US YOUR LOAN PROGRAM AND CLOSED DEALS AND REACH OVER 3,500 INTERESTED READERS

This bridge loan newsletter is read by hundreds of finance professionals, executives, brokers, agents, investment bankers, CPAs, lenders, CEOs, CFOs, CRE Developers, Investors, lenders, and business owners worldwide. For more detailed information or to discuss specific bridge loan opportunities, contact [email protected]. Thank you for reading, and we look forward to bringing you more insights next week. Enjoy the rest of your week!

Lastly, no content provided by Bridge Loan Guy or Loans, Lenders & Leverage should be considered tax, investing, or financial advice. This email and any other content we provide are for entertainment and education purposes only. We do not claim to provide tax, investment, financial, or other legal advice. Any content provided by Bridge Loan Guy or Loans, Lenders & Leverage is the personal opinion of our owners and/or staff – you should always conduct your own research.