Wholesaler and Retailers focused on ecommerce, furniture and
apparel turn to Tiger to meet working capital needs
NEW
YORK, July 8, 2024 /PRNewswire/ -- Tiger
Finance's lending platform continued to grow in the second quarter
ended June 30, providing $90 million in financing to retail and other
borrowers across North
America.
Significant second-quarter deals included providing $15 million to an outdoor-lifestyle retailer/
wholesaler, $21 million to a
wholesale/ecommerce furniture manufacturer and an additional
$7.5 million, along with ownership
contribution, to an existing women's apparel retailer client to
support seasonal working and capital needs.
"Tiger Finance continues to expand and grow its lending
platform, especially among middle-market borrowers," noted
Bob DeAngelis, Executive Managing
Director/Group Head, Tiger Finance.
A stretch asset-based lender, Tiger Finance advances against
working capital, machinery and equipment, fixtures, real estate and
intellectual property across a broad range of industries, providing
first lien, second lien, and split-lien facilities, typically
structured as term debt. 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,
Elisa Krantz, (908) 789-0700,
379967@email4pr.com
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SOURCE Tiger Group