NEW YORK, Dec. 5, 2012 (GLOBE NEWSWIRE) -- StoneCastle Securities LLC, a leading provider of private equity and debt capital placement services, announced that it was the exclusive placement agent in securing a $50 million line of credit for Veritas Financial Partners ("Veritas"), headquartered in Boca Raton, FL. Veritas will utilize the proceeds from the credit facility to continue expanding its small business lending portfolio. Terms of the transaction have not been disclosed.
Veritas Financial Partners, ( www.vfpfinancial.com), is a leading national financial services firm that provides senior secured loans to middle market businesses. Its loans are fully secured by collateral, including accounts receivable, inventory, equipment, other fixed assets and owner occupied commercial real estate.
About StoneCastle Securities LLC:
StoneCastle Securities LLC, a subsidiary of StoneCastle Partners LLC (www.stonecastlepartners.com), provides our clients access to third-party private equity and debt capital. StoneCastle Partners LLC and its affiliates manage in excess of $5 billion of assets focused exclusively on financial institutions. For additional information, please visit www.stonecastlepartners.com or call Richard Luftig at (347) 887-0330.
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CONTACT: For more information, contact StoneCastle: Richard Luftig, (347) 887-0330 firstname.lastname@example.org
Source:StoneCastle Partners, LLC