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Middle Market Companies

Comprehensive, flexible Senior Secured Financing

For 25+ years, mid-sized companies across a vast array of industries in the U.S., Canada, and the UK, have counted on the consistency, experience, and expertise of PNC Business Credit to get the deal done.


We Get the Deal Done

We deliver consistent and reliable capital in all phases of the business cycle. It’s more than confidence of execution. It’s a Done Deal.

Financing for the Events that Drive Your Business

Across a wide variety of industries, PNC Business Credit offers loans from $10 million to $1 billion that maximize access to capital for acquisitions, recapitalizations, turnarounds, expansions and more.


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

  • Horizontal and vertical acquisitions
  • Leveraged 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

Top 4 Middle Market Asset-Based Bookrunner

in 2022 — for both number of deals and commitment volume [1]


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.

Associated Asphalt logoa portfolio company of

Arclight Capital Partners


Revolving Line of Credit

Independent Asphalt

Rastelli Foods Group logo



Revolving Line of Credit
& Term Loan

Meat & Seafood

Dixieply logo



Revolving Line of Credit
& Term Loan

Building Supply
Wholesale Distributor

Lending Solutions

Comprehensive, flexible lending solutions that reach beyond traditional asset-based lending.

Senior Secured Financing

Leveraging your assets to power growth can offer greater, more flexible access to capital. For 25+ years, we have 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 optimal levels of finance to power your success.

Junior Secured and Second Lien Lending

Steel City Capital Funding is a specialty finance company serving middle-market companies and private equity sponsors across the United States and the United Kingdom. When creative financing alternatives are required, we can be a ready source of capital for growing businesses. Learn more »

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 »

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.

Channel Finance

Supporting technology vendors and channel partners’ growth and cash flow needs.The Channel Finance group at PNC Business Credit, through its partnership with WeFi Technology Group (WeFi), has developed innovative channel financing solutions to address a rapidly evolving industry landscape. Learn More »

Unitranche Lending

For 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.

International Capabilities

When capital solutions are needed to grow your domestic franchise or are required across borders, PNC’s international finance capabilities can power efficiencies and growth for companies in the United Kingdom and Canada. From Vancouver to Toronto and London to Leeds, learn more about our international lending capabilities.    Canada   |   UK

$60+ Billion

In commitments under management[2]

800+ Deals

In the last 5 years[2]

 40+ Offices

Providing comprehensive coverage across the U.S., Canada, and the UK

Want to learn more? Check out our brochure »
  1. Loan rankings derived from traditional middle market loan syndication league tables for 2022 as published by Refinitiv LPC

  2. As of 12/31/22

*A portion of the funding provided by Steel City Capital Funding, a division of PNC Bank. Steel City Capital Funding provides Cash flow-based senior debt, junior secured, and second lien loans for sponsored and non-sponsored transactions.


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