Blog articles discussing factoring companies, factoring loans, invoice factoring and all things related.
There is a lot of jargon in the finance world. Some of it sounds confusing at first glance, but upon a closer look, is readily understood. One example of this is what is referred to as a “unitranche” loan. I have included a link to an article that does a great job of explaining what this is in plain and simple English.
A unitranche loan is a term loan that combines both senior and junior components in a single credit facility. Unitranche loans are typically made by a small syndicate of lenders and is documented in a single set of loan documents. Pursuant to these documents, the borrower agrees to pay a blended interest rate on the entire principal amount of the unitranche loan and grants a single lien in favor of the administrative or collateral agent to secure the payment and performance of the entire unitranche loan.
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Patrick Zazueta | Founder | Huntington Coast Capital, Inc. | 714-719-8966