Milestone Bank Announces First Closings Under ABL Division

Milestone Bank, a nationwide small business lender, announces some of its first closings under its Asset-Based Lending (ABL) Division.

• An $8 million A/R, inventory, and fixed asset working capital facility for a wholesale exporter of office products in Los Angeles, CA
• A $7.5 million lender finance facility secured by promissory notes for a private credit fund in Phoenix, AZ
• A $3 million A/R and inventory revolver for a manufacturer of agricultural products in Texas
• A $500,000 A/R and inventory revolver for an E-Commerce brand in Los Angeles, CA