Elevex Capital Expands Credit Facility with Woodforest National Bank
Elevex Capital, a specialty commercial equipment finance company, has announced the expansion of its multi-million-dollar credit facility with Woodforest National Bank. The increased commitment is intended to strengthen Elevex's capital base and provide a diversified funding platform to support continued origination growth within the equipment finance industry. The announcement follows recent leadership changes at Elevex, including the appointment of Spencer Richman as Interim CEO following the departure of founding CEO Jeffry D. Elliott. Backed by private equity firm Sallyport, Elevex aims to leverage this additional capacity to scale its operations and support middle-market business growth through streamlined financing solutions.
Topics: Banking Partnership Credit Facility Expansion Equipment Finance Executive Leadership