Toggle nav

PNC Business Credit

We get the deal done.


PNC Business Credit is a leading provider of senior secured financing for mid-sized companies and private equity firms throughout the U.S., Canada and the UK.

With more than 2000 deals closed in the last 12 years across a wide variety of industries, our clients count on our consistency, experience and expertise to get the deal done.

 

View Brochure        

  • For mid-sized companies
    Middle Market Financial Decision Makers
    Comprehensive, flexible senior secured financing that reaches beyond the ordinary, beyond borders and beyond expectation.
    Explore
    - Alternate text here -
  • For private equity firms
    Committed to Private Equity
    Delivering confidence of execution in a senior secured financing relationship supporting value creation through the life of your investment.
    Explore
    - Alternate text here -

    • Lending Capabilities

    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.
  • Lending Capability
    Senior Secured Financing

    Creative and flexible asset-based revolver and term structures that maximize access to capital.

     

    Middle Market | Private Equity

    Explore
    Senior Secured Financing
  • Lending Capability
    Junior Secured & Second Lien Financing
    Stretch cash flow, junior secured and second lien solutions are provided through Steel City Capital Funding.
    Explore
    Junior Secured & Second Lien Financing
  • Lending Capability
    Technology Finance
    Creative capital tailored around the intrinsic value of the recurring revenue streams for Sponsor-backed enterprise software and technology-enabled companies.
    Explore
    Technology Finance
  • Lending Capability
    Retail Finance
    As the retail industry undergoes unprecedented transformation, demand is increasing for flexible capital to fuel changing business models. Our newly established Retail Finance unit delivers exceptional lending opportunities and banking services.
    Explore
    Retail Finance
  • Lending Capability
    Channel Finance
    Supporting technology vendors and channel partners’ growth and cash flow needs.
    Explore
    Channel Finance

    • Cross Border & International Financing

    When capital needs require international reach, seamless Cross Border lending for companies in the United Kingdom and Canada offered by PNC Business Credit can power efficiencies and growth.
  • International
    Business Credit - United Kingdom
    Awarded lending capabilities in the UK with more than $3 billion in commitments under management.
    Explore
    - Alternate text here -
  • International
    Business Credit - Canada
    Senior Secured Financing solutions for Canadian companies and U.S. companies with operations in Canada.
    Explore
    - Alternate text here -

    • We Get the Deal Done

    At PNC Business Credit, “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.
    Like what you see? Explore more of our done deals »

    a portfolio company of

    One Equity Partners

    $100,000,000

    Revolving Line of Credit

    Maintenance, Repair & Operations Products Wholesaler

    a portfolio company of

    Glass Holdings LLC

    $72,500,000

    Revolving Line of Credit
    & Term Loan

    Aerospace, Defense & Nuclear Structural Components Manufacturer

    a portfolio company of

    Alvarez & Marsal Capital Partners

    $60,000,000

    Revolving Line of Credit

    Pipeline & Facilities
    Construction Contractor

    Our Executive Leadership Team

    More than 20 years of consistent industry leadership

    Gail K. Bernstein

    EVP & National Investment Manager

    PNC Business Credit

    Gail K. Bernstein is Executive Vice President and National Investment Manager for PNC Business Credit. She is responsible for oversight of the cross-selling of all PNC Bank products and services to current and prospective PNC Business Credit clients.

    Bernstein joined PNC Business Credit to open its West Coast office in 1998 as Western Region Marketing Manager. Previously, she was National Sales and Marketing Manager for Wells Fargo’s asset-based lending unit. Bernstein was also Senior Credit Officer and National Marketing Director for Signal Capital Corporation’s asset-based unit, and Managing Director of Bank of America’s Latin American Private Banking division.

    She received her B.A. from Loyola Marymount University and her MBA from the University of Southern California, Los Angeles. Bernstein also completed the Smith Management Program at Smith College. 

    She serves on the executive committee of the National Commercial Finance Association and is Vice Chair of the education committee, in addition to serving on the board of the Los Angeles Chapter. Bernstein’s active memberships include the Commercial Finance Association (board and various committees), the Turnaround Management Association, the Association for Corporate Growth, the Women’s Leadership Council and the Jonathan Club.

    George G. Cole, Jr.

    EVP & Director of Internal Controls

    PNC Business Credit

    George G. Cole, Jr. is Executive Vice President and Director of Internal Controls for PNC Business Credit. He is responsible for oversight of PNC Business Credit’s Underwriting, Field Examination, and Operations groups nationally, including regional offices in Pittsburgh, Philadelphia, New York, Charlotte, Dallas, Chicago and Pasadena.

    Cole joined PNC Business Credit in 2003 and has nearly 30 years of experience in commercial finance and middle market lending. He began his career with Mellon Bank in the asset-based lending group after successfully completing the bank's credit training program. While at Mellon, Cole held various senior management positions in field examination, underwriting, business development and relationship management.

    He received his B.A. from Widener University.

    Cole is a member of the Commercial Finance Association and previously served on the board of the Cherry Hill Atlantic Little League. 

    William A. Kosis

    Chief Executive Officer

    PNC Business Credit

    William A. Kosis is Chief Executive Officer of PNC Business Credit.

    Kosis joined PNC Business Credit as Chief Executive Officer at its inception in 1997. Previously, he was President and Chief Executive Officer of IBJ Schroder Business Credit. He started the asset based lending division of IBJ Schroder Bank & Trust, and expanded the group into a well-respected national industry participant. Kosis also managed the Bank of New York Middle Market Northern Team, and later started and managed the bank's Middle Market Connecticut division. He began his career in the management training program at G.E. Capital.

    Kosis received his B.A. from Penn State University and his MBA from the University of Connecticut. He also completed post graduate work at the Graduate School of Credit and Finance at Stanford University.

    Kosis is a member of the Commercial Finance Association and the New York Runners Club.

    Peter J. Mardaga

    EVP & Western Division Executive

    PNC Business Credit

    Peter J. Mardaga is Executive Vice President and Western Division Executive for PNC Business Credit. He is responsible for oversight of the teams that handle all new business development and relationship management for PNCBC’s Western division, which includes the West, Southwest, Upper Midwest, Canada and the Southeast.

    Mardaga joined The PNC Financial Services Group in 1992 and has been with PNC Business Credit since its formation in 1997. He has served in a number of senior sales, portfolio and managerial positions within PNC Business Credit and was also Chief Operating Officer. Mardaga started his career with Wachovia Bank.

    He received his B.S. and MBA from Fordham University.

    Mardaga is a member of the Association for Corporate Growth, the Commercial Finance Association and the Turnaround Management Association.

    W. Craig Stillwagon

    EVP & Eastern Division Executive

    PNC Business Credit

    W. Craig Stillwagon is Executive Vice President and Eastern Division Executive for PNC Business Credit. He is responsible for oversight of the teams that handle all new business development and relationship management for PNCBC’s Eastern division, which includes the Northeast, Mid-Atlantic, Midwest and the United Kingdom.

    Stillwagon joined PNC Business Credit in 1997. He began his career with Marine Midland Bank (now HSBC) in the NYC Midtown Commercial Lending Group after successfully completing the bank's Accelerated Credit Training Program. Stillwagon has over 30 years of experience in middle market lending and business development, including experience with Norwest Bank (now Wells Fargo) and CIT Business Credit.

    He received his B.A. from Denison University and completed post graduate work at the University of Nevada.

    Stillwagon is a member of the Association for Corporate Growth, the Turnaround Management Association and the Commercial Finance Association. 

    Peter W. Thompson

    EVP & Chief Operating Officer

    PNC Business Credit

    Peter W. Thompson is Executive Vice President and Chief Operating Officer for PNC Business Credit. He is responsible for the internal day to day operations of PNC Business Credit.

    Thompson joined PNC Business Credit in 1997. He began his career at Chase Manhattan Bank, and attained the rank of vice president and senior loan officer. He was a founding member of a de novo commercial finance operation at the Bank of New York, managing the Auditing and Operations department. Thompson previously was the portfolio manager for IBJ Schroder Business Credit.

    He received his B.S. from St. John's University.

    Thompson is a former president of the Commercial Finance Association - New York Chapter.

    Powered By OneLink