People leads $50M credit offer for North Carolina business


PROVIDENCE– People Financial Group Inc. just recently offered a $50 million credit center to a North Carolina innovation advisory company, according to a press release.

The pre-approved loan to Crosslake Technologies consists of a $25 million revolving credit line and a $25 million term loan, which will be utilized to re-finance financial obligation and fund acquisitions.

People worked as left lead arranger and administrative representative for the offer.

Nancy Lavin is a PBN personnel author. You might reach her at Lavin@PBN.com.

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