Entaire Closes $45MM Term Funding Facility; Company To Pursue Additional Intellectual Property Protection
ATLANTA, Sept. 10, 2014 /PRNewswire/ -- Entaire Global Companies, Inc. (Entaire) a leader in the specialty asset-based lending market, announced today the closing of a 5-year, $45 million term funding facility with a major US bank. This transaction represents the first in a series of term funding transactions planned by Entaire to further enhance the acceleration of its already significant growth trajectory.
The implementation of this term funding facility, combined with another of the company's existing facilities, marks the full deployment of a proprietary funding and servicing approach that has been in development for some time. The Company expects to seek intellectual property protection for certain related developments in the fourth quarter of this year.
"This facility is the first of its kind in our industry and it represents a real milestone for our firm," said Jonathan D. Rosen, CEO and Chairman of Entaire's Board of Directors. "We fully expect that we will continue our expansion into the term funding market as we increase our intellectual property protection and identify additional attractive partnerships to enhance our growth."
About Entaire
Entaire Global Companies, Inc. - a privately held, diversified financial services holding company specializing in asset-based lending - is headquartered in Atlanta, GA. Entaire, through its subsidiaries, originates, structures and services insurance-backed loans to a diverse base of corporate clients.
Entaire's affiliations with leading domestic and international financial institutions, its significant intellectual capital holdings and its rapid growth trajectory distinguish it as the leading independent provider of life insurance-based premium financing in the U.S. market.
For more information, please visit www.entaire.com.
Press Contact:
Eric Stein, Entaire Global Companies; (678) 218-1220; [email protected]
SOURCE ENTAIRE GLOBAL COMPANIES
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