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BlackRiver Business Capital Closes New Credit Facility with SunTrust Bank

Wednesday, May 17, 2017   (0 Comments)
Posted by: BlackRiver Business Capital
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BlackRiver Business Capital Closes New Credit Facility with SunTrust Bank

 

BlackRiver Business Capital, LLC, an Austin – based direct lender in the commercial equipment finance industry, announced today that it closed a new credit facility of up to $20,000,000 with SunTrust Bank.

“BlackRiver Business Capital has grown rapidly since our inception in August of 2015.  We are thrilled about our new partnership with SunTrust Bank and their outstanding team.  This new relationship and credit facility will further enable us to invest in our growth and effectively implement our long-term business plan,” stated Rob Childers, president and co-founder of BlackRiver Business Capital.

About BlackRiver Business Capital LLC

Founded in August of 2015, BlackRiver Business Capital, LLC provides equipment financing up to $75,000 for businesses with less traditional, non-prime “B” and “C” credits.  www.blackriverbc.com

About SunTrust Bank

The 13th largest bank in the country, as of December 31, 2016, SunTrust had total assets of $205 billion and total deposits of $160 billion.  SunTrust has an extensive branch and ATM network throughout the Southeast and Mid-Atlantic states and certain business lines serve consumer, commercial, corporate and institutional clients nationally.