Williamsvile, NY – Targeted Lease Capital, LLC (“TLC”) announced the upsizing to $10.0 million of its existing corporate notes. This $5.0 million incremental capital raise follows the company’s successful inaugural capital markets issuance in 2018. The proceeds from this transaction will be used to leverage the company’s credit facilities and support the growth of its robust business lending platform.
Brean Capital, LLC served as Sole Placement Agent for both notes.
“We are pleased to announce the ability to raise additional capital during these uncertain times, which speaks to the track record of our team. The additional capital enables us to support small businesses throughout the country by providing much-needed equipment financing at attractive terms,” said Michael Philbin, Chief Financial Officer at TLC.
Targeted Lease Capital is a specialty finance company that provides equipment finance loans on a national basis to small businesses ranging from $5,000 to $250,000. To learn more about Targeted Lease Capital, visit www.targetedleasecapital.com or call 716-266-6700.
Brean Capital’s Investment Banking Group is dedicated to helping its clients achieve their strategic and financial goals. For more than 40 years, the Firm has specialized in providing capital raising, M&A and financial advisory services to middle market businesses. Throughout its history, Brean Capital has established a track record of providing its clients with deep market knowledge, commitment and experience to ensure a successful transaction. For more information, please visit: www.breancapital.com/InvestmentBanking.
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