Keystone Conference – Titans Division
Explore the benefits of Advantage Business Capital for your financing needs.
Website: https://www.advantagebusinesscapital.com/asset-based-lending/
LinkedIn: https://www.linkedin.com/company/advantage-business-capital/
🏆 2026 SEASON (CURRENT)
| Total Points | Deals Logged | Volume Drafted | Primary Asest Focus | Most Common Loan Term | Primary Loan Type | Top States | Pace Score | Wins | Losses | |
|---|---|---|---|---|---|---|---|---|---|---|
| Bank OZK | 98 | 5 | $853,100,000 | Condo (3), Multifamily, Industrial | Construction loan (5) | Construction (5) | Florida (2), Pennsylvania, New York, California | 0.33 | 2 | TBD |
| European Investment Bank | 85 | 4 | $925,520,000 | Industrial/Biorefinery, Shore Power Infrastructure, EV Charging Infrastructure, Wind Farm | 15 years (1) | Construction (2) | Italy, Netherlands, Estonia, Spain | 0.27 | TBD | TBD |
| Mitsubishi UFJ Financial Group (MUFG) - Commercial RE | 265 | 13 | $3,930,177,778 | Solar (4), Geothermal (2), BESS/Storage (2) | Construction-to-term / Non-recourse senior secured | Construction (8) | Louisiana (3), Utah (2), Chile, Japan, Spain, India | 0.87 | 1 | TBD |
| Wells Fargo - Commercial RE | 571 | 24 | $6,392,550,000 | Office (7), Industrial (5), Multifamily (5), Mixed-Use (3), Hotel/Casino, Data Centers, Energy/LNG, Retail | 5-year fixed-rate (3); 2-year floating-rate (2), floating-rate (2), construction loan (2) | Refinance (12), Acquisition (4), Construction (4), Bridge (2), Credit Facility, CMBS Refinance | New York (12), Texas (2), California (2), Virginia (2), Florida (2), Illinois (2) | 1.5 | 1 | 1 |
| Bank of Montreal (BMO) - Commercial RE | 171 | 9 | $1,329,000,000 | Industrial (5), Multifamily (2), Data Centers, Retail | 2-year floating-rate (2); construction loan (1), fund-level revolving (1) | Acquisition (4), Refinance (3), Construction, Credit Facility | Georgia (3), Florida (2), Virginia, New Jersey, Nevada, Texas | 0.56 | 1 | TBD |
| Deutsche Bank - Commercial RE | 244 | 12 | $2,726,870,000 | Office (7), Multifamily (2), Energy/LNG, Hotel, Life Sciences | 5-year fixed-rate (2); 2-year floating-rate (1), construction financing (1), CMBS conduit (1) | Refinance (8), Construction (2), CMBS Refinance | New York (5), California (2), Ireland, Washington, Delaware, Louisiana | 0.75 | 1 | TBD |
| First Citizens Bank - CRE | 0 | 0 | 0 | TBD | TBD | TBD | TBD | 0 | TBD | TBD |
| JP Morgan - Commercial RE | 445 | 22 | $7,051,238,096 | Office (6), Industrial (3), Multifamily (2), Mixed-Use (2) | 5-year, fixed-rate (3) | Refinance (5), CMBS for Refinance (5), Construction (4), Acquisition (4), Bridge for Refinance, Senior Loan + Mezzanine, Revolving Credit Facility | New York (6), Texas (2), California (2), Florida (2), Pennsylvania (2), Louisiana | 1.31 | 3 | TBD |
| Sumitomo Mitsui Banking Corporation (SMBC) - Commercial RE | 147 | 4 | $1,004,790,000 | Energy Infrastructure (3: geothermal, HVDC, BESS), Data Centers, Multifamily, Renewable Energy | Green loan (1), construction-to-term (1), floating-rate (1) | Construction (5), Refinance | Japan, Canada, India, Portugal, New York, Utah | 0.38 | 1 | 1 |
| BNP Paribas | 68 | 4 | $521,481,762 | Industrial, Agrivoltaic/BESS, Solar PV/BESS, Retail/Mall | 2-year floating-rate (2) | CMBS for Refinance (2), Commercial Real Estate (2) | Italy, Chile, Florida, California, Georgia, Texas | 0.25 | TBD | TBD |
| Citigroup - Commercial RE | 209 | 11 | $2,190,404,762 | Industrial (3, incl. Data Centers), Office (3), Multifamily (2), Retail (2) | 5-year (3) | CMBS for Refinance (5), Refinance (3), Acquisition (2) | Florida (4), New York (3), Georgia (3), Texas (2), Virginia, Arizona | 0.69 | 1 | TBD |
| Morgan Stanley - Commercial RE | 204 | 10 | $3,832,443,333 | Retail (3), Office (2), Industrial/Data Center (2) | 2-year floating-rate with extension options (3) | Refinance (5), CMBS for Refinance (2), CMBS for Acquisition | New York (3), Virginia (2), Texas (2), Multiple States, Ireland | 0.63 | 3 | TBD |
| Santander Bank - Commercial RE | 146 | 6 | $1,168,871,633 | Solar/BESS/Energy Storage (7), Multifamily (2) | Construction (4) | Refi (1), Construction (8) | Chile, Portugal, Peru, United Kingdom, California, Texas | 0.56 | 1 | 1 |
| Truist Bank - Commercial RE | 64 | 4 | $283,000,000 | Multifamily (4) | N/A | Permanent loan, Construction (2), Refi | New Jersey, New York (2), D.C. | 0.5 | 1 | 1 |
| Bank of America - Commercial RE | 307 | 14 | $2,971,404,762 | Office (5), Industrial (3), Energy/Geothermal (3), Retail (2) | 2-year floating-rate (3) | Construction (4), Refinance (3), CMBS for Refinance (3), Acquisition (2) | New York (4), Florida (2), Virginia (2), Texas (2), California (2), Utah (2) | 0.88 | 3 | TBD |
| Goldman Sachs - Commercial RE | 347 | 17 | $3,862,750,000 | Office (6), Mixed-Use (2), Hotel (2), Industrial (2), Retail (2) | 5-year, fixed-rate (4) | CMBS for Refinance (6), Refinance (5), Construction (2), Revolving Credit Facility | California (3), New York (3), Virginia (3), Florida (2), Texas, Louisiana | 1.06 | 2 | 1 |
| ING Groep NV - Commercial RE | 168 | 9 | $1,597,212,833 | Energy/Solar (6), Energy Storage (2), Office (1) | Non-recourse senior secured credit facilities (2); Construction-to-term (2) | Construction (7), Construction and Term (1), Refinance (1) | Louisiana (2), Pennsylvania, California, Texas, Italy, Romania | 0.56 | 1 | TBD |
| KeyBank | 79 | 5 | $768,200,000 | Energy/Solar (3), Energy Storage (1), Senior Living (1) | 7-year fixed (1 — Brookdale); Construction-to-term (1 — rPlus) | Construction (3), Refinance (2) | Idaho (2), Colorado | 0.31 | TBD | TBD |
| Natixis - Commercial RE | 107 | 5 | $1,693,166,667 | Energy/Solar (2), Energy Storage (2), Energy/LNG, Retail | Construction-to-term / senior secured facilities (2) | Construction (4), Refinance | Texas, California, New York, Louisiana, Peru | 0.31 | TBD | TBD |
| Barclays - Commercial RE | 175 | 11 | $1,919,601,429 | Industrial/Data Center (2), Office (2), Energy (2), Mixed-Use/Retail (2), Multifamily (2) | 5-year (3) | Refinance (4), Acquisition (3), Construction (2) | Virginia (2), Louisiana, Utah, Pennsylvania, Maryland, United Kingdom | 0.69 | 1 | |
| ACORE Capital | 19 | 1 | $160,000,000 | Industrial | 2-year floating-rate; 3×1-year extensions | Bridge | Texas, Maryland, Georgia, Pennsylvania, Illinois, Arizona | 0.07 | TBD | TBD |
| Affinius Capital | 84 | 8 | $921,628,000 | Multifamily (6), Office, Student Housing | Floating-rate | Refinance (5), Acquisition (2), Construction | New York (3), Pennsylvania (2), California, Florida, United Kingdom | 0.53 | 1 | TBD |
| Barings | 67 | 3 | $861,400,000 | Mixed-Use (Hotel to Residential Conversion), Mixed-Use (Retail + Condominium), Industrial | N/A | Construction (2), Refinance | New York, California, Tennessee | 0.75 | TBD | 1 |
| Brookfield | 37 | 2 | $739,000,000 | Multifamily (2) | Three-year bridge (only stated term) | Refinance, Bridge | New York (2) | 0.13 | TBD | TBD |
| S3 Capital | 24 | 2 | $78,750,000 | Mixed-Use Residential, Multifamily | TBD | Construction (2) | New Jersey, South Carolina | 0.13 | TBD | TBD |
| Berkadia | 27 | 2 | $110,942,000 | Multifamily (2) | Freddie Mac | Acquisition (2) | Virginia, Wisconsin | 0.5 | TBD | TBD |
| Dwight Capital/Dwight Mortgage Trust | 121 | 8 | $497,500,000 | Multifamily (6), Mixed-Use, Condo | HUD 221(d)(4) (2), HUD 223(f) (2) | Refinance (4), Construction (3), Bridge | New York (2), New Jersey (2), Texas, Florida, Utah, California | 0.53 | 2 | TBD |
| Greystone | 92 | 6 | $482,374,222 | Multifamily (6) | 24-month bridge with extension options (2) | Bridge for Refinance (2), Refinance (2), Acquisition, Construction/Rehabilitation | Illinois (2), North Carolina (2), New York, Mississippi | 0.38 | 4 | TBD |
| Madison Realty Capital | 49 | 6 | $703,550,000 | Condominium (3), Hotel/Mixed-Use, Multifamily, Self-Storage | Construction completion 2027-2028 (2) | Construction (3), Condominium Inventory Loan, Bridge for Refinance, Acquisition | New Jersey (2), New York, Florida, Tennessee, Multiple States | 0.38 | 1 | TBD |
| Nuveen | 99 | 7 | $1,144,600,000 | Multifamily (5), Office/Lab, Hotel | C-PACE (Full stack capitalization), 5-year floating-rate loan | C-PACE for construction (4), C-PACE for refinance, Acquisition (permanent financing) | Texas (2), Florida, Arizona, Pennsylvania, Philadelphia, D.C. (2) | 1.16 | 1 | 1 |
| Blackstone - Commercial RE | 58 | 2 | $10,223,000,000 | Industrial, Data Center | Bridge Loan | Acquisition, Construction | Gerogia, Florida, New Jersey, Texas, Pennsylvania, Australia | 0.33 | TBD | TBD |
| Corebridge | 12 | 1 | $46,000,000 | Multifamily (Mixed-Use) | 5-year; nonrecourse; interest rate in low 5% range | Refinance | New York | 0.125 | TBD | TBD |
| MonticelloAM | 69 | 5 | $312,800,000 | Healthcare (Skilled Nursing) (5) | Bridge loan (3), 36-month (2) + 2x 6-month ext | Refinance (2), Acquisition (3) | Florida, Illinois (2), South Carolina, Pennsylvania | 0.625 | 3 | TBD |
| Peachtree Group | 54 | 4 | $181,400,000 | Hotel (2), Multifamily, Film Studio | C-PACE, 3-year bridge loan, 3-year floating-rate | C-PACE for construction, Construction (2), C-PACE for Refi | North Carolina (2), Ohio, Georgia | 0.57 | 1 | TBD |
| Tyko Capital | 29 | 1 | $410,000,000 | Condominium | TBD | Construction | Florida | 0.25 | TBD | TBD |
| Apollo Global Management | 147 | 6 | $2,476,480,000 | Industrial, Office, Multifamily (Conversion), logistics, industrial , Hotel | Senior secured financing across three separate loan facilities, Floating-rate debt, 36-month SOFR floating; Mezzanine fixed | Bridge for refinance, Construction (3), Refinance, Acquisition | New York (3), North Carolina, UK, Germany, Netherlands, Spain, Ireland, Poland | 0.75 | 2 | 1 |
| Ares Real Estate Management | 52 | 2 | $1,550,000,000 | Casino/Entertainment, Multifamily | TBD | Construction, Refinance | New York (2), Illinois | 0.33 | TBD | TBD |
| New York Life | 12 | 1 | $35,700,000 | Retail | 5-year term with interest-only payments for full term | Bridge for refinance, Construction (2), Refinance | California | 0.25 | TBD | TBD |
| PGIM Real Estate | 64 | 3 | $549,435,000 | Industrial, Mixed-Use, Retail (grocery) | Fixed and floating rate components | Acquisition, Refi (2) | Florida, California, Texas, Massachusetts, Germany | 0.375 | 2 | 1 |
| Starwood Property Trust | 0 | 0 | 0 | TBD | TBD | TBD | TBD | 0 | TBD | TBD |
| Deutsche Bank - Growth Cap | 41 | 2 | $3,015,000,000 | TBD | Revolving credit facility | Acquisition, Working Capital | Spain, Switzerland | 0.5 | TBD | 1 |
| HSBC | 67 | 3 | $2,003,000,000 | TBD | MIGA-guaranteed; Climate-linked conditions, 95% covered buyer credit guarantee, Put option arrangement with exit path in three years with certain returns | Growth Capital | Chile, France, Sweden | 0.6 | TBD | TBD |
| JP Morgan - Growth Cap | 175 | 11 | $6,068,250,000 | TBD | 4-year loan with 2 6-month extension, SOFR plus 77.5 bps & 15 bps facility fee, Term loan (3 year loan with 1-yr extension & SOFR plus 85 bps), 2 years with three 1-year extension options, Revolving facility due February 2030 with two six-month extension options, 7-year Term Loan, 5-year revolving credit facility | Revolving Credit Facility (2), Senior Secured Revolver (3), Acquisition Credit Facility, Unsecured Term Loan (2) | New York (2), Texas (2), New Jersey, Illinois (2), California (2), Canada | 1.375 | 2 | 1 |
| Natixis - Growth Cap | 15 | 1 | $1,500,000,000 | TBD | Three-year construction warehouse revolving credit facility with $500M accordion | Construction Warehouse Revolving Credit Facility | Texas | 0.2 | TBD | TBD |
| PNC Bank | 102 | 7 | $4,250,000,000 | TBD | 4-year loan with 2 6-month extension-SOFR plus 77.5 bps & 15 bps facility fee, Term loan (3 year loan with 1-yr extension-SOFR plus 85 bps), 5 years-matures 1/15/2031-SOFR + 1.15% to 1.65% depending on leverage, Three-year construction warehouse revolving credit facility with $500M accordion | Revolving Credit Facility, Five-Year Unsecured Term Loan, Unsecured Term Loan (5), Construction Warehouse Revolving Credit Facility | New York, Washington, Illinois (2), Texas, Florida, California | 1.4 | 1 | TBD |
| Bank of America - Growth Cap | 49 | 3 | $4,938,250,000 | TBD | 4-year loan, 4-year loan with an option for two 6-month extensions or one 12-month extension, SOFR plus 77.5 bps, 15 bps facility fee, Term Loan: Initial maturity January 31, 2029 with two 1-year extensions, SOFR plus 85 bps, Three-year construction warehouse revolving credit facility with $500M accordion | Revolving Credit Facility; Unsecured Term Loan, Construction Warehouse Revolving Credit Facility | Canada, New York, Texas | 0.6 | TBD | TBD |
| Barclays - Growth Cap | 57 | 3 | $3,550,000,000 | TBD | N/A | Senior Secured Green Revolving Loan and Letter of Credit Facility, Senior Secured Corporate Credit Facility | Pennsylvania, Texas, Spain | 0.75 | TBD | TBD |
| Goldman Sachs - Growth Cap | 82 | 4 | $2,950,000,000 | TBD | 6% interest rate with AMD guarantee | Acquisition, Senior Secured Credit Facility, Loan with Equipment Guarantee | Spain, Nebraska, Connecticut, California | 0.5 | TBD | TBD |
| Santander Bank - Growth Cap | 79 | 4 | $5,150,000,000 | TBD | MIGA-guaranteed; Climate-linked conditions, Long-term optimisation agreement with guaranteed minimum income level providing downside protection, Three-year construction warehouse revolving credit facility with $500M accordion | Senior Secured Corporate Credit Facility, Acquisition, Construction Warehouse Revolving Credit Facility | Pennsylvania, Chile, Spain, Texas | 0.8 | 1 | TBD |
| Sumitomo Mitsui Banking Corporation (SMBC) - GC | 79 | 4 | $1,712,400,000 | TBD | Senior Secured Green Revolving Loan and Letter of Credit Facility, 3-year availability period; 5-year tenor; partial guarantee from EIFO, Put option arrangement with exit path in three years with certain returns, 5-year Revolving Credit Facility | Senior Secured Green Revolving Loan (2) and Letter of Credit Facility, Senior Secured Corporate Credit Facility | Texas, Denmark, Sweden, Louisiana | 0.5 | 1 | 1 |
| Citigroup - Growth Cap | 95 | 5 | $7,191,250,000 | TBD | 5-year loan, 4-year loan (secured to unsecured), 95% covered buyer credit guarantee, 5-year Interest at base rate, Term SOFR, EURIBOR | Acquisition (2), Growth Capital (2), Senior Secured Revolving Credit Facility | Canada, Spain, Florida, France, Texas | 0.71 | 1 | TBD |
| Huntington Bank - Growth Cap | 69 | 5 | $1,220,000,000 | TBD | 5 years, matures 1/15/2031; SOFR + 1.15% to 1.65% depending on leverage, Revolving facility with two six-month extension options (2) | Five-Year Unsecured Term Loan, Commercial Aircraft Engine Acquisition Facility, Unsecured Credit Facility (Revolver + Term Loans) (2), Revolving Credit Facility (2) | Washington, Illinois, California, Florida, Colorado | 0.833 | 1 | TBD |
| Morgan Stanley - Growth Cap | 0 | 0 | 0 | TBD | TBD | TBD | TBD | 0 | TBD | TBD |
| Mitsubishi UFJ Financial Group (MUFJ) - Growth Cap | 12 | 1 | $150,000,000 | TBD | 5-year loan | Debt Financing | Florida | 0.2 | TBD | TBD |
| Truist Bank - Growth Cap | 34 | 2 | $1,050,000,000 | TBD | 2 years with three 1-year extension options, 4 years revolving credit facility with two six-month extension options (Pricing grid based on leverage ratio plus SOFR, 10-15 bps lower than prior debt) | Acquisition Credit Facility, Unsecured Credit Facility (Revolver + Term Loans) | New Jersey, Florida | 0.4 | TBD | TBD |
| Bank of Montreal (BMO) - Growth Cap | 31 | 2 | $2,618,250,000 | TBD | Term loan under Softwood Lumber Program | Growth Capital (2) | Canada (2) | 0.4 | TBD | TBD |
| Canadian Imperial Bank of Commerce (CIBC) | 49 | 3 | $4,165,425,000 | TBD | 4-year loan (secured to unsecured), Three-year construction warehouse revolving credit facility with $500M accordion, Initial 3-year term with consecutive 1-year extension (prime rate + .75%) | Acquisition, Construction Warehouse Revolving Credit Facility, Growth Capital | Canada (2), Texas | 0.42 | 1 | 1 |
| ING Groep NV - Growth Cap | 68 | 4 | $3,403,000,000 | TBD | Three-year construction warehouse revolving credit facility with $500M accordion, 95% covered buyer credit guarantee | Senior Secured Corporate Credit Facility, Senior Secured Green Revolving Loan and Letter of Credit Facility, Construction Warehouse Revolving Credit Facility, Growth Capital | Pennsylvania, Texas (2), France | 0.8 | 1 | TBD |
| Royal Bank of Canada | 80 | 5 | $5,093,250,000 | TBD | 4-year loan (secured to unsecured), 3-year loan with two one-year extension options; SOFR plus 85 bps; interest-only payments, Three-year construction warehouse revolving credit facility with $500M accordion, 2-year loan with potential 90-month extension | Acquisition, Refinance & Growth Capital, Construction Warehouse Revolving Credit Facility, Senior Secured Credit Facilities | Illinois, Canada (2), Texas, New York, Louisiana | 0.625 | 2 | TBD |
| Wells Fargo - Growth Cap | 113 | 7 | $6,313,250,000 | TBD | 4-year loan (secured to unsecured), 3-year loan with two one-year extension options; SOFR plus 85 bps; interest-only payments, with one-year extension option; SOFR plus 85 bps; interest-only payments, Three-year construction warehouse revolving credit facility with $500M accordion, Revolving facility with two six-month extension options | Acquisition, Refinance (2), Growth Capital (2), Construction Warehouse Revolving Credit Facility, Unsecured Credit Facility (Revolver + Term Loans) | Illinois (2), Canada, New York, Texas, California | 1.4 | 1 | TBD |
| Blue Owl Capital | 24 | 1 | $1,400,000,000 | TBD | TBD | Delayed-Draw Term Loan | Germany | 0.16 | TBD | TBD |
| Comvest Partners | 19 | 1 | $130,000,000 | TBD | TBD | Senior Secured Credit Facility | California | 0.125 | TBD | TBD |
| MidCap Financial | 16 | 2 | 0 | TBD | Revolver with accordion feature; term loan; delayed draw term loan | Senior Secured Credit Facility (Revolver), Senior Secured Credit Facility (Revolver + Term Loan + DDTL) | Colorado, California | 0.4 | 1 | TBD |
| Mountain Ridge Capital | 8 | 1 | $15,000,000 | TBD | Revolving facility maximizing availability against working capital assets | Senior Secured Credit Facility | Midwest | 0.25 | TBD | TBD |
| SLR Credit Solutions | 0 | 0 | 0 | TBD | TBD | TBD | TBD | 0 | TBD | TBD |
| Blackstone - Growth Cap | 29 | 1 | $600,000,000 | TBD | TBD | Growth Capital | India | 0.14 | TBD | TBD |
| Hercules Capital | 12 | 1 | $25,000,000 | TBD | 4-year loan with three tranches up to $75M milestone-based, final $25M at Hercules discretion | Growth Capital | California | 0.25 | TBD | TBD |
| Monroe Capital | 74 | 7 | $100,000,000 | TBD | Prime plus 3.75% (currently 10.50%); 60-month term with amortization at month 36 (or month 48 if milestones met) | Senior Secured Term Loan (6), Debt Financing + Equity Co-Investment | Delaware, New York, Michigan, Illinois, Florida (2), Iowa | 0.875 | 4 | TBD |
| SG Credit Partners | 0 | 0 | 0 | TBD | TBD | TBD | TBD | 0 | TBD | TBD |
| Stellus Capital Management | 16 | 2 | Undisclosed | TBD | TBD | Senior Debt Financing and Equity Co-Investment (2) | Viriginia, Tennessee | 0.4 | 1 | TBD |
| HPS Investment Partners | 29 | 1 | $500,000,000 | TBD | Four-year secured term loan, SOFR + 675 basis points | Secured Term Loan | New York | 0.2 | 1 | TBD |
| NXT Capital | 24 | 2 | Undisclosed | TBD | TBD | Senior Credit Facility | Pennsylvania (2) | 0.25 | TBD | TBD |
| Siena Lending Group - GC | 0 | 0 | 0 | TBD | TBD | TBD | TBD | 0 | TBD | TBD |
| Trinity Capital | 27 | 2 | $83,915,000 | TBD | Commitment structure | TBD | United Kingdom | 0.25 | TBD | TBD |
| Wingspire Capital | 36 | 3 | $120,000,000 | TBD | N/A | Senior Secured Revolving Credit Facility | Florida | 0.66 | 1 | 1 |
| Ares Management - Growth Cap | 67 | 2 | $4,000,000,000 | TBD | TBD | M&A, Debt Facility | New Jersey, Colorado | 0.33 | 1 | TBD |
| Encina Private Credit | 15 | 1 | $75,000,000 | Consumer lease-to-own contracts | Senior credit facility secured by diversified pool of small balance lease-to-own contracts | Senior Credit Facility | TBD | 0.25 | TBD | TBD |
| Great Rock Capital - GC | 0 | 0 | 0 | TBD | TBD | TBD | TBD | 0 | TBD | TBD |
| KKR | 0 | 0 | 0 | TBD | TBD | TBD | TBD | 0 | TBD | TBD |
| Whitehawk Capital Partners | 0 | 0 | 0 | TBD | TBD | TBD | TBD | 0 | TBD | TBD |
| Advantage Business Capital | 8 | 1 | $1,000,000 | Invoices | TBD | Invoice Factoring Facility | TBD | 0.16 | TBD | TBD |
| First Citizens Bank - ABL | 0 | 0 | 0 | TBD | TBD | TBD | TBD | 0 | TBD | TBD |
| Gibraltar Business Capital | 8 | 1 | 0 | TBD | TBD | Senior Secured Facility | TBD | 0.25 | TBD | TBD |
| nFusion Capital | 24 | 3 | $13,000,000 | Accounts receivable and inventory, Inventory | TBD | Asset-Based Lending Facility (2), Factoring Line | Colorado, California, Arizona | 0.42 | 3 | TBD |
| Culain Capital | 0 | 0 | 0 | TBD | TBD | TBD | TBD | 0 | TBD | TBD |
| First Business Bank | 32 | 4 | $12,200,000 | Vehicle inventory, Accounts Receivable | Factoring facility | Credit Facility, Inventory Floorplan, Factoring Facility (2) | Hawaii, Pennsylvania, Virginia | 0.57 | 1 | TBD |
| Great Rock Capital - ABL | 49 | 3 | $340,000,000 | Accounts receivable and best-in-class machinery and equipment (2) | TBD | Senior Secured Revolver (3) | Pennsylvania | 0.5 | TBD | TBD |
| Rosenthal Capital Group | 16 | 2 | $4,000,000 | Accounts receivable (2) | TBD | Recourse Factoring Facility (2) | California, Michigan | 0.25 | TBD | TBD |
| Ares Commercial Finance | 12 | 1 | $175,000,000 | Accounts receivable; Machinery & equipment | TBD | Senior Secured Revolving Credit Facility | TBD | 0.16 | TBD | TBD |
| Sallyport Commercial Finance | 8 | 1 | $2,000,000 | Accounts receivable | TBD | Accounts Receivable Facility | Canada | 0.5 | TBD | TBD |
| SLR Healthcare ABL | 8 | 1 | $7,000,000 | TBD | TBD | Asset-Based Revolving Line of Credit | Northeast | 0 | TBD | TBD |
| Utica Equipment Finance | 8 | 1 | $11,000,000 | Heavy equipment (trucks, trailers, dozers, excavators, graders, loaders, turf-farm machinery) | TBD | Capital Lease | Mid-Atlantic | 0.25 | TBD | TBD |
| Amerisource Business Capital | 16 | 2 | $9,000,000 | Accounts receivable (2), commercial real estate | A/R Only Facility, Asset-Based Lending Facility | Asset-Based Lending Facility, A/R Only Facility | Midwest US, Texas | 0.5 | TBD | TBD |
| King Trade Capital | 0 | 0 | 0 | TBD | TBD | TBD | TBD | 0 | TBD | TBD |
| MidCap Business Credit | 24 | 3 | $31,000,000 | Accounts receivable (2), inventory (2), machinery and equipment, Distributor of specialty chemicals and materials | Working capital revolver and machinery/equipment term loan | Working Capital Revolver (2), Machinery and Equipment Term Loan, Asset-Based Credit Facility | TBD | 0.75 | TBD | TBD |
| White Oak Commercial Finance | 15 | 1 | $35,000,000 | Various assets across UK and U.S. platforms (multi-currency facility) | $20M uncommitted accordion feature; structured in USD, GBP, EUR | ABL Revolver Facility | Texas | 0.125 | TBD | TBD |
| Loeb Equipment | 0 | 0 | 0 | TBD | TBD | TBD | TBD | 0 | TBD | TBD |
| Prestige Capital | 0 | 0 | 0 | TBD | TBD | TBD | TBD | 0 | TBD | TBD |
| JPalmer Collective | 32 | 4 | $15,000,000 | Inventory (2) | Line of credit with flexible structure | Line of Credit (2), Debt Facility, Working Capital Facility (Asset-Based) | California, Oregon, New York, Georgia | 0.8 | 1 | TBD |
| Austin Financial Services | 8 | 1 | $10,000,000 | TBD | TBD | TBD | TBD | 0.2 | 0 | 1 |
| eCapital | 40 | 5 | $31,500,000 | Accounts receivable (2), Freight receivables (2) | ABL facility with advances against accounts receivable and inventory | A/R Financing Facility (3), Freight Factoring Facility (2) | Canada, Massachusetts | 1 | 1 | TBD |
| Porter Capital | 0 | 0 | 0 | TBD | TBD | TBD | TBD | 0 | TBD | TBD |
| Siena Lending Group - ABL | 0 | 0 | 0 | TBD | TBD | TBD | TBD | 0 | TBD | TBD |
| Gateway Trade Funding | 15 | 2 | $500,000 | Purchase orders (letter of credit-backed), Inventory | Letter of credit-backed | Purchase Order Facility (2) | TBD | 0.33 | TBD | TBD |
| Republic Business Credit | 47 | 6 | $23,000,000 | Accounts receivable (3) | Ledgered line of credit, Includes $10 million accordion feature, Accordion up to $6M with $2M inventory lending option after 6 months upon meeting performance thresholds | Ledgered Line of Credit, Factoring Facility (3), Asset-Based Loan (2) | Northeast US, Southwest US, Midwest US, California, West Coast | 0.75 | 2 | TBD |
| SLR Business Credit | 0 | 0 | 0 | TBD | TBD | TBD | TBD | 0 | TBD | TBD |
| TAB Bank | 0 | 0 | 0 | TBD | TBD | TBD | TBD | 0 | TBD | TBD |
| Alpine Ridge Funding | 0 | 0 | 0 | TBD | TBD | TBD | TBD | 0 | TBD | TBD |
| Celtic Capital | 23 | 3 | $4,320,700 | Accounts receivable (3) | AR Line (2), Equipment Loan (2) | Accounts Receivable Line of Credit (2), Equipment Loan | Pacific, South-Central US, California | 0.375 | TBD | TBD |
| Clarus Capital | 8 | 1 | $10,000,000 | Essential use assets (medical transportation vehicles) | Loan facility for sponsor-backed company | Loan Facility | TBD | 0.25 | TBD | TBD |
| Gordon Brothers | 0 | 0 | 0 | TBD | TBD | TBD | TBD | 0 | TBD | TBD |
| Assembled Brands | 0 | 0 | 0 | TBD | TBD | TBD | TBD | 0 | TBD | TBD |
| MidCap Financial - ABL | 0 | 0 | 0 | TBD | TBD | TBD | TBD | 0 | TBD | TBD |
| Southstar Capital | 75 | 10 | $14,500,000 | Invoices (4), Accounts receivable (5) | Accounts receivable (3), Flexible structure; potential payment assurance arrangements | Accounts Receivable Facility (7), Invoice Factoring Facility (3) | SouthEast US (2), Midwest, Indiana | 1.25 | 3 | TBD |
| Wintrust Equipment Finance | 0 | 0 | 0 | TBD | TBD | TBD | TBD | 0 | TBD | TBD |
| The Hedaya Capital Group | 24 | 3 | $11,000,000 | Accounts receivable (2) | Factoring facility | Factoring Facility (3) | Texas, New Jersey, New York | 0.42 | 1 | TBD |
| Sigma Funding | 15 | 2 | $2,600,000 | Accounts receivable (2) | TBD | Accounts Receivable Funding Facility (2) | California, Florida | 0.28 | TBD | TBD |
| Capteris | 12 | 1 | $25,000,000 | New and existing assets acquired over past year | TBD | Lease Facility | TBD | 0.5 | TBD | TBD |
| Baker Garrington | 38 | 5 | $5,750,000 | Accounts receivable (4) | Factoring facility | Factoring Facility (5) | Colorado, Oklahoma, Indiana, Louisiana, Texas | 0.625 | TBD | TBD |
Advantage Business Capital-Performance Profile & Deal Activity Analysis
- Headquarters: Houston, Texas
- Founded: 1978
- Ownership: Bank Subsidiary (Wholly owned by Central Bank)
- Primary Focus: Factoring & Asset-Based Lending (ABL)
- Typical Deal Size: ~$5.6 Million (Range: $1M – $15M)
2025 PERFORMANCE SUMMARY
Advantage Business Capital finished the 2025 Lender Draft season with a 1-1-10 record, demonstrating minimal market activity and sporadic funding based on competitive win rates. Despite the low “win” metric, the high number of draws (10) combined with their verified deal log suggests a strategy heavily reliant on club deals, participations, or uncontested renewals rather than aggressive competitive bidding.
SECTION 3: DEAL FLOW ANALYSIS
A forensic review of the verified deal history reveals a lender deeply entrenched in the Texas industrial economy, with a portfolio constructed to weather cyclical commodity risks.
- Deal Size Range: $1.0 Million to $15.0 Million.
- Geographic Focus: 100% Texas (Houston explicitly cited; others statewide).
- Industry Patterns: Heavy concentration in Energy (both Renewable Services and Upstream Oil & Gas) and Manufacturing (Food, Beverage, Concentrates).
- Loan Structures: Evolution from Factoring Facilities (5 deals) to Working Capital Revolvers (2 deals) and ABL Credit Facilities (1 deal).
- Deal Purposes: Split between “Support growth/expansion” and “Pay off current lender/Refinancing.”
- Transaction Velocity: Activity is clustered. Three deals closed in April, followed by a four-month gap, then a surge of four deals in August/September.
IDEAL BORROWER PROFILE
The ideal borrower for Advantage Business Capital, based on verified 2025 activity, is a Texas-based industrial or service company navigating a capital transition.
FOR BORROWERS
- Refi vs. Growth Timing: Advantage prefers “Refinancing” requests in Q2 (April) and “Growth Capital” requests in Q3 (Aug/Sept). Aligning your “Use of Funds” narrative with this cycle could impact reception.
- Energy Agnosticism: They are one of the few lenders actively funding both renewable energy and upstream oil & gas simultaneously. You do not need to “greenwash” your oil services business; they understand the legacy sector.
- Action: If you are a Texas-based manufacturer, explicitly highlight your “facility expansion” plans. Their data shows a preference for hard-asset expansion (factories/production) over vague “working capital” requests in the manufacturing sector.
- Timing: Submit your application in early March or early August. Their closing clusters in April and September suggest these are the tail-ends of their underwriting sprints; getting in 30-45 days prior ensures you ride the approval wave.
FOR BROKERS
- The “Dirty” Specialist: They funded “Upstream Oil and Gas” and “Concentrates Manufacturers.” Use them for clients with environmental or volatility “hair” that scares off standard ABLs.
- Texas Exclusivity: Do not send them deals outside of Texas. The verified data shows 0% out-of-state activity. It is an immediate decline.
- Action: For deals under $5M, position Advantage as a “Bank ABL” alternative. Emphasize their parent company (Central Bank) to CFOs who are allergic to “high-rate finance companies,” even though the structure is effectively factoring.
- Strategy: “Package Energy Service deals (Renewable or Oil) specifically for their September allocation window. Their history shows a distinct appetite for energy service receivables in Q3, likely to match their bank’s reserve allocations.
FOR RIVAL LENDERS
- Slow Deployment Cycles: The 4-month gap between April and August suggests they may have bandwidth issues or strict capital deployment quarters. This is a vulnerability you can exploit with speed.
- Action: When competing for Texas-based manufacturers, attack their “Factoring” legacy. If Advantage Business Capital offers a $3M factoring facility, counter with a $3M ABL revolver. Clients prefer the revolver stigma over factoring; use structure to beat their product.
- Defense: “Target their renewable energy clients in Q1. Advantage loads up on them in Q3; by Q1, those clients may be looking for cheaper capital or feeling ignored during Advantage’s ‘quiet period’ (May-July).”
FOR ANALYSTS & FUNDS
- Sector Signaling: The shift to “Renewable Energy Services” in their portfolio suggests that even Texas oil-patch lenders are being forced to diversify assets to meet ESG requirements or bank charter mandates.
- Observation: Monitor their “Loan Type” mix in 2026. If they move further toward “ABL Credit Facilities” and away from “Invoice Factoring,” it signals a risk-on approach from their parent bank, Central Bank.
- Strategy: “Short the ‘Texas-only’ lending thesis if energy prices stabilize. Advantage’s model works because they know the local volatility. If volatility drops, national lenders will invade Texas with cheaper capital, squeezing regional specialists like Advantage.”