Client success stories

These deals are representative of lending solutions provided to our clients.

Horizon Paper

Senior secured revolving credit facility

This $25MM refinancing transaction provided working capital for a national paper broker that came back to Webster Business Credit. Webster helped Horizon Paper overcome difficulties due to a soured vendor relationship and stressed economic issues in 2020 brought on by the pandemic.

Pegasus Home Fashions

Revolving line of credit

Webster Business Credit provided a Revolving Line of Credit secured by Accounts Receivable and Inventory providing on-going working capital. Pegasus Home Fashions Inc. was founded in 1990 and is a leading bed pillow manufacturer and wholesaler of ancillary bedding basics such as mattress pads, toppers, and pillow protectors. The Company, headquartered in Elizabeth, NJ, is the fourth-largest polyester-filled pillow manufacturer in the United States.

Mission Health

Senior secured revolving credit facility

Mission Health, a premier operator of skilled nursing and senior living facilities worked with Webster Business Credit’s team to secure flexible funding for its capital needs. By creating a unique, comprehensive borrower and guarantor structure, Webster Business Credit won a competitive process to lead a $20 million, three-year Senior Secured Revolving Credit Facility structured as two revolving lines of credit, which included: (1) A guarantee from the parent for each facility; (2) The five regional operator entities above the operating facilities; and (3) Cash dominion to be obtained via DACAs.

Cooley Group

Revolving credit and term debt solution

Webster Business Credit recently provided essential financing to fund recent merger and acquisition for Cooley Group, the world’s premier developer, manufacturer and distributor of containment products, water proofing materials, print media solutions and awning/canopy products.

In this recent deal, Webster Bank’s Asset Based Lending team created an innovative capital revolver and term debt solution for the Rhode Island based manufacturer. Not only did the deal allow the Cooley Group to finance a new entity, it made it possible for it to expand its offerings and serve additional markets for polymer technology and coated industrial fabrics.

GuidePoint Security, LLC

GuidePoint Security Deal Summary

Guidepoint Security, LLC ( is a Virginia based company that supplies comprehensive solutions that cover every domain of cyber security. Webster Business Credit Corp was lead agent in the transaction providing an asset based lending revolving credit facility.

GuidePoint said it “was pleased to partner with Webster Bank for our revolving line of credit facility to support both our organic and inorganic growth strategies. Webster Bank provides GuidePoint with cost efficient capital and has continuously demonstrated their commitment to our partnership throughout the COVID-19 pandemic.”

The funds will be primarily used to supply working capital to continue and expand the business lines of the firm’s highly sought after solutions from a customer base, most of whom are in the Fortune 100 and 1000 groups of companies.

Prodalim Group

Revolving line of credit

Prodalim USA, Inc. is an international processor and distributor of high quality concentrated and blended fruit juices headquartered in Winter Garden, Florida. The production begins in their orchards, where they grow their own fruits, to processing, and finally shipping to their customers – some of the largest juice wholesalers in the world. The loan was used to refinance their existing lender and satisfy working capital needs for the company to continue expanding its product offering.

CyberCore Technologies, LLC

Revolving line of credit

Webster Business Credit Corp. recently refinanced a $20,000,000 legacy Revolving Line of Credit to help boost working capital. CyberCore Technologies, LLC helps ensure end-end supply chain integrity for IT hardware systems with security-sensitive clients including the Departments of Defense and Homeland Security.

DC Safety Sales Co, Inc.

Revolving line of credit

WBCC recently provided a $7,750,000 revolving line of credit to DC Safety Sales Co, Inc., a Tier 1 supplier of custom-designed first aid, roadside assistance & emergency kits to automotive companies. The Hauppauge, NY based company said of the WBCC team “Webster's continued follow-up and flexibility made our decision to switch easy and obvious. Their entire team was experienced and extraordinarily professional”.

Innovative Foodservice Group

Senior secured credit facility

Our asset-based lending professionals at Webster Business Credit listen to you. Innovative Foodservice Group wanted to refinance existing debt to improve working capital for future needs. We customized a $15,000,000 secured credit facility to help them move forward. Innovative Foodservice group has more than six companies under its name – representing over 300 years of experience in the restaurant industry. Innovative Foodservice Group is made up of Louis Wohl & Sons, Beltram Foodservice, E.H. Thompson, B&J Foodservice, Beltram of the Carolinas, JES Restaurant Supply and Chef’s Warehouse, all working together to help their customers get ahead of the day.

Active International

Senior secured revolving line of credit

Webster Business Credit has provided a $60,000,000 Senior Secured Revolving Line of Credit to Active Media Service, Inc. d.b.a. Active International, to refinance an existing facility and provide working capital to further growth. Active International enables companies to use their excess assets to offset media, marketing, retail, travel, shipping & freight expenses. The company places $1 billion in media annually on behalf of its clients. Founded in 1984, Active is based in Pearl River, NY and has offices in 14 countries.

Precious Plate, Inc.

Revolving line of credit

Webster Business Credit has supplied a $19,950,000 revolving line of credit to Precious Plate, Inc. with its sister company Precision Process as co-borrower. The companies are located in Niagara Falls, NY and were founded in 1973. Precious Plate provides electroplating of precious metals (gold, silver, and palladium) onto parts used in the automotive, computer, medical, telecommunications and other industries, with 21 plating lines running 24/7, while Precision Process is a manufacturer of electroplating and chemical processing equipment. The funds will be used to refinance an existing debt.

Tiffen, LLC

Revolving line of credit

Webster Business Credit has provided a $12,500,000 revolving line of credit to Tiffen, LLC. The facility will be used to refinance an existing credit facility. Tiffen is headquartered in Hauppauge, NY and manufactures filters for photography and other professional film & photography related products. Tiffen has a rich history of innovative product design, superior optical consistency and unparalleled quality. It has been recognized for its product and engineering excellence, earning a Technical Achievement Award and a Scientific and Engineering Award from the Academy of Motion Picture Arts & Sciences®, as well as multiple Emmy® Awards. The company was founded in 1938.

University Loft Co.

Senior revolving credit facility

Webster Business Credit has provided a $16,000,000 Senior Secured Revolving Credit Facility to University Loft Co.. Based in Greenfield, IN, University Loft has been the leader in furniture manufacturing since 1986 with products found in most major retail stores throughout the United States.

Tufenkian Artisan Carpets

Revolving credit facility

Webster Business Credit has closed and funded a $9,900,000 Asset Based Revolving Credit Facility to Tufenkian Artisan Carpets. Headquartered in New York City, Tufenkian is recognized as the innovative and quality leader of handmade Tibetan and Armenian rugs with showrooms and dealers across the United States.

HPC Foodservice

Secured revolving credit facility

Webster Business Credit has provided a $19,000,000 Senior Secured Revolving Credit Facility to HPC Foodservice. Headquartered in South Windsor, CT, HPC Foodservice is a full service grocery and sundry distributor to the healthcare and food service industries. HPC Foodservice is family owned and operated and has been in business since 1908.

BIC Graphic

Senior secured revolving line of credit

WBCC Agented a $45MM Senior Secured RLOC to BIC Graphic ("BIC" or the Company) to partially finance the acquisition and for future working capital. BIC is a leading supplier in the $20B fragmental promotional products industry offering a wide assortment of customized pens, calendars and hard goods. BIC supplies 30,000 customers and generates annual sales in excess of $275MM. They are located in Tampa, FL.

Curtis Packaging Co.

Senior secured facility

Webster Business Credit has provided a $15,880,000 Senior Secured Facility to Curtis Packaging Corporation including a revolver, mortgage and a CAPEX line to refinance their existing facility and provide working capital for future growth. Curtis designs, prints and manufactures packaging for consumer products. Founded in 1845, Curtis is located in a 142,000 sq. ft. facility in Newtown, CT.

Precious Metal Sales

Revolving credit facility

Webster Business Credit has provided Precious Metal Sales, Inc. ("PMS") a $12,000,000 Revolving Credit Facility to refinance existing debt and provide incremental working capital. The WBCC revolver was structured to allow the company to expand its product offering by providing the financing to PM Sales to enter into precious metal leasing programs with its core customers. PMS is a family owned business located in Watertown, CT. PM distributes precious metals such as gold and silver to companies in the electroplating industry and other industrial applications. The company, founded in 1988, is managed by its current CEO and majority shareholder, Anthony Luccaro, Sr. His son, Anthony Luccaro, Jr. is the current COO and instrumental in daily operations.

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