Sources of Financing
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Sources of Financing

Ames (860-257-2598) secured a three-year $800 million credit facility from General Electric Capital Corporation. The deal replaces the $650 million credit line the company had in place. The new deal has a higher borrowing base and advance rate. The company operates 447 stores in 19 states.

 

Delta Financial Services (317-328-2208) is offering loans of $100,000 and up with no upfront fees. The funds are available for refinancing, purchase or construction projects. The comapny also acquires seller-held commercial first and second mortgages.