Eclipse Business Capital LLC (“EBC”) announced today that it has provided a $28.5 million senior secured credit facility to support the acquisition of a flooring products distributor. The transaction included a $25mm revolving line of credit and a $3.5mm machinery & equipment term loan that are secured by accounts receivable, inventory, and machinery and equipment. The proceeds will be used to fund the acquisition and support working capital.

SFNet’s 2021 4th annual YoPro Leadership Summit will be held in-person in Chicago and live online August 3-4. Young professionals of the secured finance industry will join together for opportunities to hear from industry leaders, connect with peers, and discover together how to find success in our changing industry environment.

After a more than a year of countless Zooms and Teams meetings, this year’s event will offer attendees opportunities to socialize in unique ways.  On August 3, there will be an opportunity to attend an optional golf outing at Medinah Country Club, followed by a kick-off party in the evening. 

Afterwards, attendees can stick around for a kick-off party from 7:00-10:00 p.m. CDT at Flight Club, offering drinks and friendly darts competition. A full day of live online content will take place on August 4.

"The YoPro Leadership Summit is a wonderful event that brings together the best and brightest of the YoPro community throughout the country," said William Bence, managing director, Wingspire Capital. "It's a great opportunity to network among the future and emerging leaders in the industry."