Senior Secured Financing specialists at PNC Bank Canada Branch

From Vancouver to Montreal, we deliver customized financial solutions with the flexibility you need to fuel your achievement.


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Financing for the Events that Drive Your Business

With loans starting at $10 million and reaching to $1 billion, we work to maximize access to capital for acquisition, recapitalization, turnaround and expansion.


Around half of our annual loan activity supports a wide variety of acquisitions, including:

  • Horizontal and vertical acquisitions
  • Leverage buy out
  • Management buy out
  • Spin off
  • Carve out
  • Private equity acquisitions


Leveraging your assets to drive additional capital can power your growth plans, including:

  • New product development
  • Geographic expansion
  • Entry into new markets
  • New customer acquisition


Your capital structure involves balancing debt and equity. It means juggling revolver, term, senior vs. sub debt, equity, mezzanine and other variables. Our extensive expertise can help with:

  • Dividend recap
  • Realignment of term & revolving debt
  • Support of liquidity events
  • Any other increase, repayment or consolidation of shares


Senior Secured Financing plays an important role when firms are recovering from challenging circumstances. These situations may include:

  • Covenant breakage or limitation
  • Cash flow obstacles
  • Customer concentration issues
  • Receivables management

We Get the Deal Done

At PNC Business Credit and Steel City Capital Funding, “Done Deal” is not a tagline. It’s who we are.

Consistent, creative, reliable capital in all phases of the business cycle delivered by leading dealmakers who are experts in their field. With us, it's more than confidence of execution. It’s a done deal.

Maksteel logo




Revolving Line of Credit
& Term Loan

Steel Processing Service Center

SMTC logo




Revolving Line of Credit

End-to-End Electronics Manufacturer


Northpoint logo

a portfolio company of

Lion Equity Partners


Revolving Line of Credit

Motor Repair & Maintenance
Service Provider

800+ Deals

In the last 5 years



Lending Solutions

Our capabilities reach well beyond traditional asset-based lending and offer a more powerful relationship to dealmakers.

Senior Secured Financing

Leveraging your assets to power growth can offer greater and more flexible access to capital. For more than 20 years, PNC Business Credit has been a consistent, reliable lender to mid-sized companies through good and bad economies, in a variety of scenarios. Whatever your business, whatever challenges and opportunities you are facing, we deliver optimum levels of finance to power your success.

International Capabilities

When capital solutions are required across borders, seamless Cross Border lending offered by PNC Business Credit can power efficiencies and growth for companies in the United Kingdom and United States. From Vancouver to Miami and San Francisco to London, learn more about our international lending capabilities by clicking here:   U.S.   |   UK

Technology Finance

The Technology Finance group at PNC Business Credit has developed capital solutions that can help meet growth and financial objectives of companies with recurring revenue. If you are a sponsor-backed enterprise software or technology-enabled company, we may be able to offer you senior debt based on the intrinsic value of established recurring revenue streams. Learn more »

Unitranche Lending

For more than 10 years, our experts have delivered unitranche lending structures that simplify the process and improve economics between multiple lenders of term and revolving debt in the capital structure.

Retail Finance

The PNC Business Credit Retail Finance group provides flexible lending services for a changing retail landscape. As the retail industry undergoes unprecedented transformation, demand is increasing for flexible capital to fuel changing business models. Learn More »

Relationships with  

750+ Private Equity Groups

across the U.S., Canada and the UK  

Want to learn more?
Check out our brochure »

Our Team  

Industry focused dealmakers with leading experience.

David D’Cruz

VP & Business Development Officer   |   

Read Bio »

Wendy Whitcher

VP & Relationship Manager   |   

Read Bio »

David D'Cruz
VP & Business Development Officer
PNC Business Credit

David D’Cruz is Vice President and Business Development Officer for PNC Business Credit. Based in Toronto, he is responsible for originating asset-based and cash flow loans across Canada with middle-market companies and private equity firms.

D’Cruz joined PNC in 2018 and has over five years of progressive experience in both structuring and financial analysis of mid-cap and large-cap companies, most recently with the asset based lending group of RBC Capital Markets.

D’Cruz received his Bachelor of Commerce degree from the University of Toronto and holds an MBA from Dalhousie University.

Wendy Whitcher
VP & Relationship Manager
PNC Business Credit

Wendy Whitcher is Vice President and Relationship Manager for PNC Business Credit. She is responsible for management of customer relationships within the PNC Business Credit Canadian portfolio.

Whitcher joined PNC in 2011 and has 23 years of experience in asset based lending, most recently with Wells Fargo Capital Finance Corporation Canada (formerly Wachovia Capital Finance).

She received her bachelor's degree from Bishop's University and her Graduate Diploma in Public Accountancy from McGill University.

Whitcher is a CPA and a 25-year member of the Ordre des Comptables Agréés du Québec.