Whether the company is asset intensive or generates a significant amount of cash flow, TCF Capital Funding can work to tailor a structure to meet both the funding requirement and simultaneously take into account the company's debt service ability.
TCF Capital Funding offers cash flow loans (or enterprise value loans) to companies backed by Private Equity Sponsors and Mezzanine Groups. Cash Flow loans are utilized in leveraged buyouts, recapitalizations and refinancings to apply appropriate leverage by analyzing a borrower's ability to generate strong and consistent cash flow.
These loans are designed to increase your borrowing capacity by leveraging the value of your existing assets. Asset based loans leverage a companies accounts receivable, inventory and fixed assets as collateral.
Unlike cash flow or enterprise value lending that relies primarily on a borrower's historical cash flow generation and projected performance as loan criteria, asset based loans also increase a borrower's financing capacity by leveraging the value of their existing assets.
TCF Capital Funding can offer creative structures that provide revolving loans and term loans that appropriately reflect a borrower's capitalization and enterprise valuation and help to match principal amortization to a borrower's debt service capability and ongoing capital spending needs.
We define the lower middle market as privately owned companies with revenues between $10 million and $100 million and with $2 million to $10 million of EBITDA. These privately held companies include companies that are owned by private equity sponsors and directly by entrepreneurs. TCF Capital Funding covers this national market through a single office located in Chicago, IL.
Our lending criteria can be summarized as:
We have relationships with private equity sponsors and mezzanine lenders across the United States.
Joe has over 25 years experience starting and growing cash flow and asset based lending groups and has spent his entire career focused on the lower middle market. Prior to starting TCF Capital Funding Joe grew MFC Capital Funding from a de novo business to over $600 million in commitments and previously formed and built Fifth Third Bank's Structured Finance Group. Joe began his career at American National Bank & Trust Company of Chicago where he managed an Asset Based Lending group. Joe is a graduate of Georgetown University and received his MBA from the University of Chicago's Booth Graduate School of Business.