Cadence Business Finance committed $25 million as part of a lender finance revolver to Equify Financial, a privately owned, independent specialty finance company based in Fort Worth, Texas. This capital allows Equify Financial to continue to fund growth for companies, strengthening their businesses through customized lending solutions.
Equify Financial offers equipment financing, debt restructuring and equipment loans to the transportation, construction, oil and gas, manufacturing, and agricultural industries. The company has assisted more than 300 borrowers over the past 10 years, building strong relationships as a recurring capital source.
“Cadence Business Finance was one of the new lenders to join the bank group with Texas Capital,” said Norb Schmidt, executive vice president and director of capital finance at Cadence Business Finance. “This additional liquidity helps build a strong future for Equify Financial and its clients.”