Cash Flow Financing

Steel City Capital Funding offers expanded access
to capital and leveraged finance solutions.

Our Creative Approach


Steel City Capital Funding serves the needs of middle-market borrowers and private equity sponsors by leveraging the capabilities of PNC Business Credit. We are a consistent and reliable funding source through all economic cycles and we take a client-centric approach to transactions by collaborating with both regulated and non-regulated institutions.

Our team of experienced lending professionals can provide customized solutions to meet your company’s needs. In addition to providing bank financing solutions, we maintain relationships with dozens of well-regarded third-party financial partners that complement and expand our lending capabilities.

Walt Hill
EVP & Group Head,
Steel City Capital Funding

Lending Solutions

Cash Flow Financing

Cash flow term loans are used for market-leading businesses with a minimum annual revenue of $50+ million, EBITDA between $7.5 million and $50 million, funded leverage from 2.0x to 4.5x, and a working capital base that supports an asset-based revolver.

First Out Revolvers & Term Loans

First Out structures are designed for collaborating with the direct lending community to finance larger companies with a minimum annual revenue of $100+ million and EBITDA of $20+ million. Borrowers benefit from revolving bank liquidity, a competitive cost of debt and a full suite of bank products. Direct lenders benefit from yield enhancement and liquidity from the complementary PNC revolver.


In Commitments Since 2005





We Get the Deal Done

At PNC Business Credit, “Done Deal” is not just 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.


MW Industries

A portfolio company of

American Securities


First Out Structure - Revolver


General Refinancing



A portfolio company of

Platinum Equity


Revolver & Term Loan*


Acquisition Financing


Douglas Products

A portfolio company of

Brightstar Capital Partners


First Out Structure - Revolver & Term Loan

Acquisition Refinancing

Our Team

Industry focused dealmakers with leading experience.

Joe Antinozzi
SVP & Senior Managing Director

Bobby Fuertes
Managing Director

Dean Newman
Managing Director

Jon Westberg
SVP & Managing Director