Crossroads Systems, Inc. is a holding company that invests in businesses that enhance economic vitality and promote community building. Crossroads’ subsidiary, Capital Plus Financial (CPF), is a Community Development Financial Institution (CDFI) and a certified B-Corp, supporting Hispanic homeownership with a fixed rate, long-term single-family mortgage product.
Rise Line Business Credit, a nationwide specialty non-bank lender, assembled by a team of senior industry veterans, delivers debt solutions to customers all over the United States. The solutions offered to the customers generally include asset-based revolving lines of credit and senior guaranteed term loans with loan facilities ranging from $2 million to $15 million, with the ability to act as an agent and syndicate for more significant transactions. They have developed a platform that brings this broad industry expertise and structuring capability to companies seeking an alternative to traditional bank lenders.
The merger of Crossroads and Rise Line reflects a commitment to offering institutional-quality products and services to help small and medium-sized businesses achieve and exploit the maximum value of their existing assets. Under the agreement, which Crossroads’ board members unanimously approved, the acquisition cost was approximately $10 million in cash to complete the transaction. The injection of capital immediately broadens Rise Line’s foundation to serve small and medium-sized businesses that are frequently unable to secure appropriate funding from banks and other non-bank lending sources.
Gaurang Vyas, Rise Line CEO, explained, “This capital expansion will allow us to build on the strong base of relationships and partnerships we have built since our launch in 2017. We look forward to continuing to serve small businesses across the nation in partnership with Crossroads.”
Learn more about Crossroads Systems, Inc. here: http://www.crossroads.com/
Learn more about Rise Line Business Credit here: https://www.riselinebc.com/
