CORE Business Credit

CORE Funds $8 million Credit Facility - Moosejaw Mountaineering

June 09, 2010

CORE Business Credit, a member of Core Financial Group, announced that it has provided an $8,000,000 revolving line of credit to Moosejaw Mountaineering, a leading multi-channel retailer of premium quality outdoor apparel and equipment. Headquartered in Madison Heights, MI, Moosejaw currently serves its customers through seven retail stores in Michigan and Illinois, a significant online business as well as seasonal catalogs. The financing will be used to fund working capital requirements as well as other potential growth opportunities. Moosejaw is a portfolio company of Parallel Investment Partners and Glencoe Capital.

Moosejaw CEO Harvey Kanter stated "We are pleased to have established a new revolving line of credit with Core. The new facility provides Moosejaw with additional capital to continue its rapid growth as a leading multi-channel retailer as well as to more aggressively pursue additional growth initiatives to continue capturing customers and market share."

CORE EVP Milton Iskra stated, "We are excited to have the opportunity to support Moosejaw. The Company has an outstanding management team, unique marketing strategy and very exciting brand. We look forward to assisting the company in its continued growth and success."
CORE Business Credit provides asset based as well as senior secured stretch loans nationally to middle market companies with credit requirements between $7 million and $30 million. Structures are flexible and funds can be utilized for strategic acquisitions, dividend recapitalizations or refinancing, as well as to support internal growth and management buyouts.

About Parallel Investment Partners. Parallel Investment Partners is the leading institutional private equity firm focused exclusively on investing in North American lower middle-market growth companies. Parallel manages over $400 million of institutional private equity capital commitments and targets equity investments of $5 - $20 million. Since 1992, Parallel has successfully invested over $600 million of equity capital in 35 owner-operated growth companies.

About Glencoe. Founded in 1993, Glencoe Capital is a private equity firm focused on lead-sponsored acquisitions and growth equity investments in lower middle-market companies. The firm has completed over 30 acquisitions, representing over $1 billion of transaction value. Glencoe Capital currently manages two funds: the Glencoe Capital Michigan Opportunities Fund, L.P. and Glencoe Capital Partners III, L.P.

CORE Funds $8 Million Credit Facility - Laser Pacific

May 19, 2010

CORE Business Credit, a member of Core Financial Group, announced that it has provided an $8,000,000 revolving line of credit to Laser Pacific, a six-time Emmy Award winning post production film services provider located in Hollywood, California. The facility will provide ongoing working capital support for the company in conjunction with its acquisition from Eastman Kodak Company by H.I.G. Capital.

CORE EVP Milton Iskra stated, “We are pleased to have this opportunity to support Laser Pacific, its talented management team, and H.I.G. Capital, in a new lending relationship as we continue to deliver workable financing solutions to the middle market. We look forward to assisting Laser Pacific in its continued growth and success.”

“Throughout the financing process, the CORE team was a very professional and reasonable financing partner. They worked closely with our team to meet a tight timeline, and we look forward to a continued strong relationship with them,” said David Rosen, Laser Pacific’s Chairman.

CORE Business Credit provides asset based as well as senior secured stretch loans nationally to middle market companies with credit requirements between $7 million and $30 million. Structures are flexible and funds can be utilized for strategic acquisitions, dividend recapitalizations or refinancing, as well as to support internal growth and management buyouts.

CORE Closes $12,500,000 Financing - The Grateful Palate

February 24, 2010

CORE Business Credit, a wholly owned subsidiary of Core Financial Group, announced it has provided a $12,500,000 revolving credit facility to The Grateful Palate, headquartered in Fairfield, CA. The financing replaced their previous bank facility and will be used to support The Grateful Palates working capital needs as well as other general corporate purposes. The Grateful Palate is an importer of fine wines from Australia, including Shiraz, Grenache Cabernet, and Chardonnay, which it sells to distributors nationwide.

Dan Philips, the Grateful Palates CEO, said, "It was a pleasure working with CORE on a financial solution for the company, as they were creative in providing a workable solution to our request." CORE President and CEO Michael Haddad stated, "We are pleased to have this new lending relationship and we strive to bring workable financing solutions to good companies during these uncertain times. We look forward to assisting The Grateful Palate in its continued growth and success."

CORE Business Credit provides asset based as well as senior secured stretch loans nationally to middle market companies with credit requirements between $7 million and $30 million. Structures are flexible and funds can be utilized for strategic acquisitions, dividend recapitalizations or refinancing, as well as to support internal growth and management buyouts.

CORE Funds a $15.5 Million Credit Facility - Plastican, Inc.

January 13, 2010

CORE Business Credit, a wholly owned subsidiary of Core Financial Group, announced it has provided a $15,500,000 revolving credit facility to Plastican, Inc., headquartered in Leominster, MA. The financing will be used to support Plastican's working capital needs as well as other general corporate purposes. Plastican, Inc. is a vertically integrated manufacturer of rigid plastic packaging solutions for both the industrial and consumer retail markets.

John Clementi, Plastican's, CEO said, "We are delighted to have financing provided by an institution that supports family owned companies and believes in products made in America. In doing so, CORE is helping to rebuild America."

CORE President and CEO Michael Haddad stated, "We are pleased to have this new lending relationship and continue to deliver workable financing solutions to good companies during a very strained credit market. We look forward to assisting Plastican in its continued growth and success."

CORE Business Credit provides asset based as well as senior secured stretch loans nationally to middle market companies with credit requirements between $7 million and $30 million. Structures are flexible and funds can be utilized for strategic acquisitions, dividend recapitalizations or refinancing, as well as to support internal growth and management buyouts.

CORE Closes $24 Million Financing - Stronghaven, Inc.

December 08, 2009

CORE Business Credit, a member of Core Financial Group, announced that it has provided a $24,000,000 revolving line of credit and term loan to Stronghaven, Inc., headquartered in Atlanta, Georgia with additional operations in both North Carolina and Florida. The financing will be used to recapitalize the company, provide for working capital needs as well as other general corporate purposes.

“Stronghaven is a privately held middle market company, with a leadership position as one of the largest manufacturers of corrugated packaging and displays in the Southeast United States”, noted Doug Johnston, President and CEO.“Through working together on this credit facility, it quickly became clear that CORE is an excellent fit for us since both the credit facility falls perfectly within CORE’s commercial finance benchmarks on size and also, both CORE and Stronghaven take a similar approach to business, with experienced, flat organizations and an entrepreneurial approach.” Larry Samples, CFO of Stronghaven, Inc., commented: “It was refreshing and a pleasure to deal directly with individuals in CORE that are the decision makers. I am very pleased with this structure and new lending relationship.”

CORE President and CEO Michael Haddad stated, “We are pleased to have Stronghaven as a new lending relationship and we will continue to deliver workable financing solutions to good companies during this troubled credit market. We look forward to assisting Stronghaven in its continued growth and success.”

CORE Business Credit provides asset based as well as senior secured stretch loans nationally to middle market companies with credit requirements between $7 million and $30 million. Structures are flexible and funds can be utilized for strategic acquisitions, dividend recapitalizations or refinancing, as well as to support internal growth and management buyouts.

CORE Provides $10,000,000 revolving line of credit to a middle market lending and leasing company.

October 20, 2009

CORE Business Credit announced today that it has provided a $10,000,000 revolving line of credit to a growing middle marketing leasing company. The credit facility will be used to support the company’s nationwide leasing and lending activities as well as for general corporate purposes.

CORE President and CEO Michael Haddad stated, “We continue to deliver customized creative financing solutions to a variety of good companies during a very strained credit market, and look forward to our new client’s continued success.”

CORE Business Credit provides asset based and lender finance facilities as well as senior secured stretch loans to middle market companies with credit requirements between $7 million and $30 million. Structures are flexible and funds can be utilized for strategic acquisitions, dividend recapitalizations, and refinancing, internal growth and management buyouts.

CORE Closes $29 Million Transaction with The Longaberger Company

October 07, 2009

CORE Business Credit, a wholly owned subsidiary of Core Financial Group, announced it has provided a $29,000,000 revolving credit facility to The Longaberger Company, headquartered in Newark, OH. The financing will be used to support Longaberger's working capital needs as well as other general corporate purposes. The Longaberger Company is America's premier maker of handcrafted baskets and offers other life style products including pottery, wrought iron, fabric accessories and specialty foods. There are approximately 45,000 independent Home Consultants located in every state throughout the nation.

Tami Longaberger, The Longaberger Company's CEO said, We are delighted to have financing provided by an institution that supports family owned companies and believes in products made in America. In doing so, CORE is helping to rebuild America. We look forward to many years with CORE." Stephanie Imhoff, the company's CFO added, CORE's approach to lending was a breath of fresh air starting with their proposal through the closing. We appreciated working directly with their decision makers and their creative approach to lending. CORE's entire team was easy to work with, and we appreciated the time they spent with us to get to know our team and our business.

CORE President and CEO Michael Haddad stated, CORE is pleased to establish a lending relationship with this unique and exciting company with a history in excess of 30 years. We look forward to assisting the Longaberger Company in its continued growth and success.

CORE Business Credit provides asset based as well as senior secured stretch loans nationally to middle market companies with credit requirements between $7 million and $30 million. Structures are flexible and funds can be utilized for strategic acquisitions, dividend recapitalizations or refinancing, as well as to support internal growth and management buyouts.

CORE Business Credit Provides $20,000,000 to Westrim, Inc.

October 08, 2008

CORE Business Credit (CORE) announced it has provided a revolving credit facility totaling $20,000,000 to Westrim, Inc., headquartered in Van Nuys, CA. The financing facility will be used to support Westrim’s working capital needs as well as general corporate purposes. Westrim is a designer and distributor of craft supplies.

Fred Gysi, Westrim’s CFO said, “We chose CORE due to their flexibility and decisive action. They delivered what they promised and we look forward to a good working relationship.”

CORE President and CEO Michael Haddad stated, “We continue to deliver workable financing solutions to good companies during a very strained credit market, and look forward to assisting Westrim in its growth and success.”

CORE Business Credit provides asset based as well as senior secured stretch loans to middle market companies with credit requirements between $7 million and $30 million. Structures are flexible and funds can be utilized for strategic acquisitions, dividend recapitalizations, and refinancing, internal growth and management buyouts.

CORE Business Credit Provides $19,200,000 to New England Confectionery Company

September 26, 2008

CORE Business Credit (CORE) announced it has provided a revolving credit facility totaling $19,200,000 to New England Confectionery Company (NECCO), headquartered in Revere, MA. The financing facility will be used to support NECCO’s seasonal working capital needs as well as general corporate purposes.

NECC dates it start back to 1847 and is the oldest multi-line candy company in the United States. The company manufactures timeless candy classics such as NECCO Wafers, Sweethearts, Mighty Malts and Mary Jane.

CORE President and CEO Michael Haddad stated, “We are pleased to be involved in financing this long standing company and assisting in its growth and success.”

CORE Business Credit provides asset based as well as senior secured stretch loans to middle market companies with credit requirements between $7 million and $30 million. Structures are flexible and funds can be utilized for strategic acquisitions, dividend recapitalizations, and refinancing, internal growth and management buyouts.




	Transactions click a transaction title to view it CORE Funds $8 million Credit Facility - Moosejaw Mountaineering June 09, 2010 CORE Business Credit, a member of Core Financial Group, announced that it has provided an $8,000,000 revolving line of credit to Moosejaw Mountaineering, a leading multi-channel retailer of premium quality outdoor apparel and equipment. Headquartered in Madison Heights, MI, Moosejaw currently serves its customers through seven retail stores in Michigan and Illinois, a significant online business as well as seasonal catalogs. The financing will be used to fund working capital requirements as well as other potential growth opportunities. Moosejaw is a portfolio company of Parallel Investment Partners and Glencoe Capital. Moosejaw CEO Harvey Kanter stated "We are pleased to have established a new revolving line of credit with Core. The new facility provides Moosejaw with additional capital to continue its rapid growth as a leading multi-channel retailer as well as to more aggressively pursue additional growth initiatives to continue capturing customers and market share." CORE EVP Milton Iskra stated, "We are excited to have the opportunity to support Moosejaw. The Company has an outstanding management team, unique marketing strategy and very exciting brand. We look forward to assisting the company in its continued growth and success." CORE Business Credit provides asset based as well as senior secured stretch loans nationally to middle market companies with credit requirements between $7 million and $30 million. Structures are flexible and funds can be utilized for strategic acquisitions, dividend recapitalizations or refinancing, as well as to support internal growth and management buyouts. About Parallel Investment Partners. Parallel Investment Partners is the leading institutional private equity firm focused exclusively on investing in North American lower middle-market growth companies. Parallel manages over $400 million of institutional private equity capital commitments and targets equity investments of $5 - $20 million. Since 1992, Parallel has successfully invested over $600 million of equity capital in 35 owner-operated growth companies. About Glencoe. Founded in 1993, Glencoe Capital is a private equity firm focused on lead-sponsored acquisitions and growth equity investments in lower middle-market companies. The firm has completed over 30 acquisitions, representing over $1 billion of transaction value. Glencoe Capital currently manages two funds: the Glencoe Capital Michigan Opportunities Fund, L.P. and Glencoe Capital Partners III, L.P. CORE Funds $8 Million Credit Facility - Laser Pacific May 19, 2010 CORE Business Credit, a member of Core Financial Group, announced that it has provided an $8,000,000 revolving line of credit to Laser Pacific, a six-time Emmy Award winning post production film services provider located in Hollywood, California. The facility will provide ongoing working capital support for the company in conjunction with its acquisition from Eastman Kodak Company by H.I.G. Capital. CORE EVP Milton Iskra stated, “We are pleased to have this opportunity to support Laser Pacific, its talented management team, and H.I.G. Capital, in a new lending relationship as we continue to deliver workable financing solutions to the middle market. We look forward to assisting Laser Pacific in its continued growth and success.” “Throughout the financing process, the CORE team was a very professional and reasonable financing partner. They worked closely with our team to meet a tight timeline, and we look forward to a continued strong relationship with them,” said David Rosen, Laser Pacific’s Chairman. CORE Business Credit provides asset based as well as senior secured stretch loans nationally to middle market companies with credit requirements between $7 million and $30 million. Structures are flexible and funds can be utilized for strategic acquisitions, dividend recapitalizations or refinancing, as well as to support internal growth and management buyouts. CORE Closes $12,500,000 Financing - The Grateful Palate February 24, 2010 CORE Business Credit, a wholly owned subsidiary of Core Financial Group, announced it has provided a $12,500,000 revolving credit facility to The Grateful Palate, headquartered in Fairfield, CA. The financing replaced their previous bank facility and will be used to support The Grateful Palates working capital needs as well as other general corporate purposes. The Grateful Palate is an importer of fine wines from Australia, including Shiraz, Grenache Cabernet, and Chardonnay, which it sells to distributors nationwide. Dan Philips, the Grateful Palates CEO, said, "It was a pleasure working with CORE on a financial solution for the company, as they were creative in providing a workable solution to our request." CORE President and CEO Michael Haddad stated, "We are pleased to have this new lending relationship and we strive to bring workable financing solutions to good companies during these uncertain times. We look forward to assisting The Grateful Palate in its continued growth and success." CORE Business Credit provides asset based as well as senior secured stretch loans nationally to middle market companies with credit requirements between $7 million and $30 million. Structures are flexible and funds can be utilized for strategic acquisitions, dividend recapitalizations or refinancing, as well as to support internal growth and management buyouts. CORE Funds a $15.5 Million Credit Facility - Plastican, Inc. January 13, 2010 CORE Business Credit, a wholly owned subsidiary of Core Financial Group, announced it has provided a $15,500,000 revolving credit facility to Plastican, Inc., headquartered in Leominster, MA. The financing will be used to support Plastican's working capital needs as well as other general corporate purposes. Plastican, Inc. is a vertically integrated manufacturer of rigid plastic packaging solutions for both the industrial and consumer retail markets. John Clementi, Plastican's, CEO said, "We are delighted to have financing provided by an institution that supports family owned companies and believes in products made in America. In doing so, CORE is helping to rebuild America." CORE President and CEO Michael Haddad stated, "We are pleased to have this new lending relationship and continue to deliver workable financing solutions to good companies during a very strained credit market. We look forward to assisting Plastican in its continued growth and success." CORE Business Credit provides asset based as well as senior secured stretch loans nationally to middle market companies with credit requirements between $7 million and $30 million. Structures are flexible and funds can be utilized for strategic acquisitions, dividend recapitalizations or refinancing, as well as to support internal growth and management buyouts. CORE Closes $24 Million Financing - Stronghaven, Inc. December 08, 2009 CORE Business Credit, a member of Core Financial Group, announced that it has provided a $24,000,000 revolving line of credit and term loan to Stronghaven, Inc., headquartered in Atlanta, Georgia with additional operations in both North Carolina and Florida. The financing will be used to recapitalize the company, provide for working capital needs as well as other general corporate purposes. “Stronghaven is a privately held middle market company, with a leadership position as one of the largest manufacturers of corrugated packaging and displays in the Southeast United States”, noted Doug Johnston, President and CEO.“Through working together on this credit facility, it quickly became clear that CORE is an excellent fit for us since both the credit facility falls perfectly within CORE’s commercial finance benchmarks on size and also, both CORE and Stronghaven take a similar approach to business, with experienced, flat organizations and an entrepreneurial approach.” Larry Samples, CFO of Stronghaven, Inc., commented: “It was refreshing and a pleasure to deal directly with individuals in CORE that are the decision makers. I am very pleased with this structure and new lending relationship.” CORE President and CEO Michael Haddad stated, “We are pleased to have Stronghaven as a new lending relationship and we will continue to deliver workable financing solutions to good companies during this troubled credit market. We look forward to assisting Stronghaven in its continued growth and success.” CORE Business Credit provides asset based as well as senior secured stretch loans nationally to middle market companies with credit requirements between $7 million and $30 million. Structures are flexible and funds can be utilized for strategic acquisitions, dividend recapitalizations or refinancing, as well as to support internal growth and management buyouts. CORE Provides $10,000,000 revolving line of credit to a middle market lending and leasing company. October 20, 2009 CORE Business Credit announced today that it has provided a $10,000,000 revolving line of credit to a growing middle marketing leasing company. The credit facility will be used to support the company’s nationwide leasing and lending activities as well as for general corporate purposes. CORE President and CEO Michael Haddad stated, “We continue to deliver customized creative financing solutions to a variety of good companies during a very strained credit market, and look forward to our new client’s continued success.” CORE Business Credit provides asset based and lender finance facilities as well as senior secured stretch loans to middle market companies with credit requirements between $7 million and $30 million. Structures are flexible and funds can be utilized for strategic acquisitions, dividend recapitalizations, and refinancing, internal growth and management buyouts. CORE Closes $29 Million Transaction with The Longaberger Company October 07, 2009 CORE Business Credit, a wholly owned subsidiary of Core Financial Group, announced it has provided a $29,000,000 revolving credit facility to The Longaberger Company, headquartered in Newark, OH. The financing will be used to support Longaberger's working capital needs as well as other general corporate purposes. The Longaberger Company is America's premier maker of handcrafted baskets and offers other life style products including pottery, wrought iron, fabric accessories and specialty foods. There are approximately 45,000 independent Home Consultants located in every state throughout the nation. Tami Longaberger, The Longaberger Company's CEO said, We are delighted to have financing provided by an institution that supports family owned companies and believes in products made in America. In doing so, CORE is helping to rebuild America. We look forward to many years with CORE." Stephanie Imhoff, the company's CFO added, CORE's approach to lending was a breath of fresh air starting with their proposal through the closing. We appreciated working directly with their decision makers and their creative approach to lending. CORE's entire team was easy to work with, and we appreciated the time they spent with us to get to know our team and our business. CORE President and CEO Michael Haddad stated, CORE is pleased to establish a lending relationship with this unique and exciting company with a history in excess of 30 years. We look forward to assisting the Longaberger Company in its continued growth and success. CORE Business Credit provides asset based as well as senior secured stretch loans nationally to middle market companies with credit requirements between $7 million and $30 million. Structures are flexible and funds can be utilized for strategic acquisitions, dividend recapitalizations or refinancing, as well as to support internal growth and management buyouts. CORE Business Credit Provides $20,000,000 to Westrim, Inc. October 08, 2008 CORE Business Credit (CORE) announced it has provided a revolving credit facility totaling $20,000,000 to Westrim, Inc., headquartered in Van Nuys, CA. The financing facility will be used to support Westrim’s working capital needs as well as general corporate purposes. Westrim is a designer and distributor of craft supplies. Fred Gysi, Westrim’s CFO said, “We chose CORE due to their flexibility and decisive action. They delivered what they promised and we look forward to a good working relationship.” CORE President and CEO Michael Haddad stated, “We continue to deliver workable financing solutions to good companies during a very strained credit market, and look forward to assisting Westrim in its growth and success.” CORE Business Credit provides asset based as well as senior secured stretch loans to middle market companies with credit requirements between $7 million and $30 million. Structures are flexible and funds can be utilized for strategic acquisitions, dividend recapitalizations, and refinancing, internal growth and management buyouts. CORE Business Credit Provides $19,200,000 to New England Confectionery Company September 26, 2008 CORE Business Credit (CORE) announced it has provided a revolving credit facility totaling $19,200,000 to New England Confectionery Company (NECCO), headquartered in Revere, MA. The financing facility will be used to support NECCO’s seasonal working capital needs as well as general corporate purposes. NECC dates it start back to 1847 and is the oldest multi-line candy company in the United States. The company manufactures timeless candy classics such as NECCO Wafers, Sweethearts, Mighty Malts and Mary Jane. CORE President and CEO Michael Haddad stated, “We are pleased to be involved in financing this long standing company and assisting in its growth and success.” CORE Business Credit provides asset based as well as senior secured stretch loans to middle market companies with credit requirements between $7 million and $30 million. Structures are flexible and funds can be utilized for strategic acquisitions, dividend recapitalizations, and refinancing, internal growth and management buyouts.
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