Diamond Business Credit announced the recent hiring of Daniel Burke as Director of Business Development. Burke joins the firm with over 10 years of experience in alternative financing. Prior to joining Diamond, he was instrumental in building a firm...
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May 08, 2018, 08:00 AM
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Diamond Business Credit announced the recent funding of a $500,000 line of credit to a scrap metal recycling and smelting operation.
The company was recently organized to purchase the assets of a dormant operation that had failed and ceased...
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March 22, 2018, 08:00 AM
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Diamond Business Credit announced the recent funding of a $150,000 line of credit to a company that provides corporate communications training. Some time ago, the company was in a pinch and took out a cash-flow loan. As is typical with these Merchant...
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October 20, 2017, 08:00 AM
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Diamond Business Credit announced that it recently funded a medical practice roll-up. The strategy of this sponsor-backed management company is to consolidate the fragmented independent medical practice market. The challenge for the small...
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September 08, 2017, 07:00 AM
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Diamond Business Credit announced it recently funded a $300,000 credit facility to a contract manufacturer. The company was not “bankable” due to losses attributed to a steady run off in volume combined with a lack of expertise in crisis management. ...
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April 27, 2017, 08:00 AM
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Diamond Business Credit announced that it recently launched a new credit product offering – Special Opportunity Loans. The offering is intended to complement Diamond’s asset-based loan product for non-bankable companies by providing a second lien or...
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February 22, 2017, 07:06 AM
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Diamond Business Credit announced that it recently funded a $200,000 line of credit to a courier services company that faced serious problems and was in need of a significant turnaround. Given the distressed conditions, the company’s bank could no...
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November 02, 2016, 07:05 AM
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Diamond Business Credit announced that it has partnered with Michael Kot to open a direct lending office to service the New York Tri-State area and beyond. Kot has spent many years in the asset-based lending business in various capacities in this...
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September 30, 2016, 07:13 AM
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Diamond Business Credit announced that it recently funded a $50,000 line of credit to a precision machine shop. This longstanding, marginally profitable company was struggling to get by servicing existing customers and at the same time working on...
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July 29, 2016, 07:11 AM
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Diamond Business Credit announced that it recently funded a $200,000 line of credit to a start-up company that specializes in sandblasting and asbestos removal. The company identified a niche while working on a project to restore a historic site in...
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May 12, 2016, 07:12 AM
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Diamond Business Credit announced that it recently funded a $500,000 line of credit to a mid-Atlantic manufacturer of video surveillance equipment. The company experienced losses as it retooled for a product upgrade. The good news was that the...
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March 04, 2016, 06:42 AM
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Diamond Business Credit announced it recently funded a $500,000 line of credit to a distributor of energy-saving replacement lighting. The company was unable to obtain the necessary working capital from traditional sources due to losses associated...
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February 10, 2016, 07:35 AM
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Diamond Business Credit announced that it recently funded a $100,000 line of credit to a company that designs and maintains rooftop gardens and drainage systems. The company has a strong client base and is growing rapidly.
With key vendors to...
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September 23, 2015, 07:06 AM
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Diamond Business Credit announced that it recently funded a $200,000 line of credit to a manufacturer of specialty robotics in the medical field. The company had experienced recent losses and accumulated a deficit net worth as it retooled for a new...
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August 20, 2015, 07:08 AM
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Diamond Business credit is pleased to announce that it recently funded a $50,000 line of credit to a start-up painting company specializing in property restoration projects. The extensive snow and water damage experienced this winter transformed...
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June 26, 2015, 07:02 AM
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Diamond Business Credit provided a $200,000 line of credit to a designer, manufacturer and installer of specialty fill products.After considering a traditional factoring relationship that would have meant intrusive and uncertain contacts with the...
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May 11, 2015, 07:18 AM
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Diamond Business Credit announced that it recently closed and funded a $150,000 bridge loan for a warehousing company. The deal was funded within 48 hours of receiving the initial loan request.The company is a long standing, profitable food storage...
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July 18, 2014, 07:09 AM
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Diamond Business Credit is pleased to announce that it recently funded a $100,000 line of credit to a start-up New England based manufacturer and contract assembly company.
The founder of this business worked for many years for a similar business...
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February 14, 2014, 07:14 AM
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Diamond Business Credit is pleased to announce that Chris Walker has joined the firm to serve as Chief Credit Officer. Walker spent his entire professional career in the small, tough ABL space serving in every role on the credit side of the business....
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January 08, 2014, 07:21 AM
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Diamond Business Credit announced that it recently funded a $200,000 line of credit to a metal fabrication shop. The midwestern company was in the midst of a successful turnaround when its existing working capital lender exited the small deal...
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October 08, 2013, 07:12 AM
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