Rise Line Business Credit, LLC (“Rise Line”), an asset based lender headquartered in New York, announced that they have completed a revolving leverage facility with Wells Fargo Capital Finance, a part of Wells Fargo & Company (NYSE:WFC).
“We are thrilled to work with Wells Fargo and accelerate the growth of our portfolio. Wells Fargo’s Lender Finance team worked closely with us to understand our vision to provide financing solutions to underserved companies across North America,” said Gaurang Vyas, Founder and Managing Principal at Rise Line. “We stand ready to support the lower middle market and our existing client base with financing for working capital, growth, refinancing, and restructuring.”
Rise Line Business Credit is a senior secured lender to lower middle market companies across North America. Rise Line focuses on offering tailored financing solutions and building lasting relationships with clients, serving companies that have found it difficult to receive a satisfactory level of service and liquidity from their existing lenders.
“Rise Line is a solid, growing company within the ABL market,” said Stewart Hayes, Managing Director at Wells Fargo Capital Finance. “We are pleased to have established this relationship and look forward to helping support Rise Line’s continued growth.”
About Rise Line
Rise Line offers $2 million to $25 million in revolving credit lines, term loans, and special situation financing for Retail and Consumer Products, Commercial & Industrial, and Healthcare businesses across North America. The management team have extensive experience in asset based lending and institutional investing.
Rise Line was founded in 2017 and is an affiliated company of LANDC Investment. For more information, visit www.riselinebc.com.
This press release does not constitute an offer to sell, or the solicitation of an offer to buy, any security nor shall there be any sale in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
280 Park Avenue, 35th Floor | New York, NY 10017 Boston | New York | Los Angeles
|TARGET INVESTMENT CRITERIA|
Commercial & Industrial
Use of Proceeds
Recapitalization Working Capital
Revolving Lines of Credit
Special Situation Financing