Targeted Lease Capital, LLC (TLC) announced the completion of a $5 million incremental capital raise to $10 million of its existing corporate notes. This transaction follows the company's successful inaugural capital markets issuance in 2018. The proceeds will be used to leverage its credit facilities and support the growth of its robust business lending platform.

"We are pleased to announce the ability to raise additional capital during these uncertain times, which speaks to the track record of our team. The additional capital enables us to support small businesses throughout the country by providing much-needed equipment financing at attractive terms," said Michael Philbin, Chief Financial Officer at TLC.

Brean Capital, LLC served as Sole Placement Agent for both notes.

Targeted Lease Capital, located in Williamsville, near Buffalo, NY, is a specialty finance company that provides equipment finance loans on a national basis to small businesses ranging from $5,000 to $250,000.