Houlihan Lokey Advises CapitalSpring Finance Company
Houlihan Lokey is pleased to announce that the platform and portfolio assets of CapitalSpring SBLC, LLC (CSSBLC), the wholly owned subsidiary of CapitalSpring Finance Co., LLC (CapitalSpring), have been acquired by Gulf Coast Bank & Trust Co. (Gulf Coast). The transaction closed on January 31, 2017.
CSSBLC is one of the largest non-bank direct U.S. Small Business Administration (SBA) lenders, providing government-guaranteed SBA 7(a) loans to qualifying small businesses. The company is headquartered in Dallas and operates throughout the United States. CSSBLC was formed in 2012 as a wholly owned subsidiary of CapitalSpring and typically lends $500,000 to $5 million to small businesses, including restaurants, professional practices, hotels, dealerships, gyms, and others.
Founded in 2005, CapitalSpring is a $1 billion private investment firm dedicated exclusively to the branded restaurant sector.
With over $1.5 billion in assets, Gulf Coast provides personal and business banking products and services. The bank was founded in 1883 and is based in New Orleans, with branch locations across Louisiana in Baton Rouge, Covington, Hammond, Mandeville, Slidell, Kenner, Metairie, Gretna, Harvey, and Chalmette.
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