#United States #New York #Tiger Finance #Borrower Demand #Capital Deployment

Tiger Finance Reports Robust $95 Million Deployment in Q1

Tiger Capital Group's lending platform, Tiger Finance, has seen significant engagement this first quarter, committing a staggering $95 million in capital. This financial boost has facilitated various strategic growth initiatives for numerous clients across multiple sectors, including transportation, retail, wholesale, and e-commerce.

Key Financing Arrangements

Among the noteworthy financing activities completed during this quarter are:

• - $30.0 million term loan granted to a well-known department store chain.
• - $27.5 million revolving line of credit extended to a furniture manufacturer specializing in wholesale and e-commerce.
• - $20 million revolving line of credit provided to a Direct-to-Consumer (DTC) tool supplier operating in the e-commerce landscape.
• - $10 million FILO (First In Last Out) working capital term loan allocated to a major national department store.
• - $7.5 million term loan aimed at supporting a transportation company's acquisition of specialty vehicle rolling stock.

This array of financial products is a testament to the diverse needs of borrowers seeking crucial capital amid a time characterized by rapid economic fluctuations.

Growth and Future Prospects

Andy Cerussi, Managing Director and member of the Investment Committee at Tiger Finance, highlighted the growth of the company. "We are incredibly proud of the expansion Tiger Finance has achieved this quarter. By leveraging the asset intelligence available through the Tiger platform, we’ve been able to deliver top-tier solutions for a broad spectrum of new clients. We’re excited to partner with these companies as they work to bolster their own financial health."

Cerussi noted how the platform continues to evolve, with more businesses recognizing its potential. This growth is largely attributed to Tiger's adept understanding of assets across different industries, which is further enhanced by longstanding partnerships with banks, private financial entities, and intermediaries.

About Tiger Finance

Tiger Finance is an asset-based lender that approaches investment decisions using what it calls Asset Intelligence. The company provides a variety of lending solutions, including first-lien, second-lien, and split-lien facilities, generally structured as term debt or revolving lines of credit. They advance funds against an array of collateral, such as working capital, machinery, equipment, fixtures, real estate, and even intellectual property. Tiger Finance operates under Tiger Capital Group, a firm known for securing debt financing, equity investments, and comprehensive appraisal services for the Asset-Based Lending (ABL) sector.

Conclusion

The first quarter marked a significant moment for Tiger Finance, underlining the demand for financial support across various industries during these changing economic times. With a strong commitment to understanding and leveraging asset power, Tiger Finance appears well-positioned to continue its expansion and support clients in their growth agendas going forward.