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We are a specialty finance company serving Middle Market companies and Private Equity sponsors, expanding on the capabilities of PNC Business Credit.
Our extensive transactional experience allows us to understand your company. And, by understanding your company, we understand how to deliver solutions. As a division of PNC Bank, we remain a reliable funding source through market cycles. When creative financing alternatives are required, Steel City, in conjunction with PNC Business Credit, can be a ready source of capital for growing businesses.
£5-25 Million Target Hold — With ability to underwrite larger amounts, and maturities up to 5 years with flexible amortisation schedules.
Primary Industries — Of manufacturing, retail, wholesale, distribution and services.
EBITDA — Greater than £5 million.
Stable History — Of sustainable revenue and cash flow.
When senior lending doesn’t get you where you need to grow, Junior Secured lending through Steel City may be an answer. By leveraging capital with pricing more favourable compared to unsecured mezzanine debt and without diluting equity, Junior Secured lending can fill important gaps in your capital structure and provide the critical financing needed to achieve your goals.
When a traditional asset-based or Cash Flow structure is insufficient, a stretch Cash Flow layer of financing may be a good fit. As a hybrid structure between Cash Flow and asset-based senior lending, companies are able to obtain the capital they need when asset value or Cash Flow by themselves may not be enough to meet their objectives.
*A portion of the funding provided by Steel City Capital Funding, a division of PNC Bank, National Association (“PNC Bank”).
Neither PNC Financial Services UK Ltd. nor PNC Bank Canada Branch provides legal, tax or accounting advice.
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