Great Elm Capital, a business development company, amended its existing $25 million revolving line of credit. City National Bank is the lender according to an 8K filed with the Securities and Exchange Commission.The amendment provides for a...
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November 28, 2023, 07:53 AM
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Business development companies (BDCs) have periodically evolved since their creation in the late 1980s, with the advent of perpetual non-traded BDCs being the most recent example, Fitch Ratings says. Continuous fundraising in perpetual non-traded...
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June 10, 2022, 07:49 AM
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Great Elm Capital, a business development company, announced the Company has entered into a Loan, Guarantee and Security Agreement with City National Bank.The Loan Agreement provides for a senior secured revolving line of credit of up to $25 million...
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May 07, 2021, 07:57 AM
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Newtek Business Services Corp., an internally managed business development company (“BDC”), announced that Newtek Business Lending, LLC (“NBL”), Newtek’s portfolio company that originates and funds SBA 504 loans, closed a $100 million credit facility...
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March 23, 2021, 07:30 AM
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The Securities and Exchange Commission voted to propose rule amendments to implement certain provisions of the Small Business Credit Availability Act and the Economic Growth, Regulatory Relief, and Consumer Protection Act. The proposal would improve...
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March 25, 2019, 09:10 AM
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