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Align Business Finance Closes $1.8MM Term Loan to Titan Production Equipment

December 03, 2020, 07:05 AM

Align Business Finance, a provider of capital solutions to middle-market companies across a wide range of industries, announced the closing of a $1.8 million loan to Titan Production Equipment. The facility was structured as a senior secured term loan to best fit the company’s capital structure. Align provided the term loan to finance Titan’s acquisition of machinery and equipment to improve automation and optimization of its manufacturing processes to support future business growth.

Titan Production Equipment is a Texas-based manufacturer of oil and gas production equipment used to separate, process and treat hydrocarbon streams at the wellhead, gathering and processing stages of production.

Align Business Finance is an asset-based lender that helps borrowers unlock value in capital assets through financing solutions customized to meet the borrower’s needs. Financing solutions include sale-leaseback, capital lease, term loan, secured loan and other structured transactions, and assets include machinery, equipment, and industrial real estate. Align provides capital to companies across a wide range of industries, including agriculture, construction, energy, food and beverage, healthcare, industrial, manufacturing, mining, pharmaceuticals, technology and transportation.

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