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Article: Direct Capital Closes New $50 Million Securitization Facility.
- Article from:
- Business Wire
- Article date:
- October 14, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PORTSMOUTH, N.H. -- Direct Capital Corporation announced today that it has closed a new three-year $50 million equipment lease-backed bank facility with the Lender Finance division of Wells Fargo Foothill, part of Wells Fargo & Company (NYSE:WFC).
This is the second financing program closed in the last six months by Direct Capital, a leading nationwide provider of financial services, including commercial equipment financing and business loans. These two programs followed a January announcement of the extension of an existing $100 million facility.
"Wells Fargo Foothill is a knowledgeable and experienced financial partner," said Christopher Broom, ...