“We are excited to provide 36th Street Capital with its inaugural credit facility,” said Dan Tsacoumangos, director at Capital One’s Financial Institutions Group. “The leadership team at the company is exceptional. They have a differentiated strategy and strong support from their joint venture with Tennenbaum Capital Partners.”
36th Street Capital is an independent equipment finance company specialized in structuring customized financing solutions for middle market companies seeking alternative funding sources. It partners with lessors, private equity firms and advisory firms to originate equipment leases and loans for their clients.
“Capital One structured a customized credit facility designed to help us execute on our long-term growth strategy,” said Kiran Kapur, 36th Street Capital’s co-founder and CEO. “Their support will allow us to build on the momentum we have already established and improve our ability to bring creative funding solutions to the equipment financing marketplace.”
The core purpose of a UCC financing statement is to give notice to secured parties, lien creditors, purchasers and other third parties that the secured party identified in the financing statement claims an interest in the collateral described in the... read more
A favorite question of the year-end issue is, “What lies ahead?” In the U.S., Canada, Latin America, Europe and China, expect continued industry growth that, in some cases, lacks the gusto of 2018. Trends to watch include the impact of... read more