Huntington Business Credit Provides Credit Facility for SOL Acceptance, LLC

Huntington Business Credit announced it closed a new $45,000,000 credit facility with SOL Acceptance, LLC on March 31, 2021.  Proceeds of the facility were used to refinance existing indebtedness and to provide ongoing working capital growth financing.              

SOL Acceptance, LLC, located in Orange, California, is a sub-prime automotive loan provider.                     

Huntington Business Credit provides working capital and term loan facilities to middle market companies for acquisitions, LBO’s, MBO’s recapitalizations, rapid growth, seasonal working capital build-up, and turnaround situations.