Congressional Bank and its subsidiaries work with sponsors, agents, and borrowers throughout North America to provide secured loans primarily to middle-market companies. We provide loans to support:
- Working capital
- Leveraged buyouts
We have a dual focus where we frequently participate in financings to businesses agented by other banks and finance companies with debt facilities generally ranging in size from $25 million to $250 million. These companies typically have EBITDA of $10 million to $75 million.
Additionally, Congressional Bank will directly originate loans to corporate borrowers, typically with EBITDA of $3 million to $15 million. We provide creative custom solutions to our clients in a timely manner. All financings are first lien senior secured and senior stretch cash flow or enterprise value loans or secured with a first lien on specific assets.
Congressional Bank and its subsidiaries typically hold $5 million to $30 million in each transaction. We have led or participated in over 500 debt facilities. The Bank is relatively industry agnostic, but typically targets companies with the following characteristics:
- Industry leader within its niche, with a sustainable competitive advantage
- High barriers to entry with entrenched customer bases
- Strong management teams
- High free cash flow generation with stable historical performance
- Recurring revenue business models are helpful
President of Specialty Lending Division