Client Background
Steel Capital Management, a New York-based lender to e-commerce
businesses, was seeing rapid growth in demand for capital from its clients.
To keep up, they needed a funding partner who not only understood the
fast-moving nature of the e-commerce space but could also offer scalable,
flexible financing to support their own expansion.
Steel chose TAB Bank for its deep experience in lender finance and its
willingness to structure deals around Steel’s unique needs.
The Goal
Steel Capital’s decision to choose TAB Bank over other financing options was driven by the need for a
tailored solution that could meet their dynamic financing requirements. Their goal was to secure a
partner who could provide flexible, scalable financing to support their fast-paced, e-commerce clients.
The Solution
This $12 million credit facility provided Steel Capital with the financial
flexibility and resources needed to support the growing demand in the ecommerce
space.
The asset-based lending solution from TAB Bank was designed to meet
Steel Capital’s specific needs and to scale with their business, allowing
them to offer customized financing options to Direct-to-Consumer (DTC)
companies.
TAB Bank extended a
$12 million credit facility
to Steel Capital Management.
“The TAB Bank team’s willingness to fit our flexible financing needs demonstrated their commitment to building a long and successful partnership with Steel Capital.”
– Michael Hoffman, Co-CEO of Steel Capital Management
Results
Through this partnership, Steel Capital Management now:
Drives e-commerce innoation
Enables Steel Capital to fuel growth and innovation across.
Delivers client capital faster
Provides the funding their clients need to succeed when they need it.
Adapts to market shifts
A flexible financing structure allows quick responses to changing market demands.
Strengthens market leadership
Supports Steel Capital’s position as a leading force in e-commerce financing.
