Senior lenders are typically commercial banks or other institutional lending firms that provide senior debt to corporations for a variety of purposes, such as:
- accounts receivable financing
- commercial real estate loans
- equipment financing
- growth financing
- M&A financing
- project financing
- Small Business Administration (SBA) financing
- working capital financing
Even though senior debt has first priority in the event of a liquidation and is therefore a lower risk investment for the lender (compared to junior, subordinated debt, mezzanine debt or equity investments), currently, favorable access to the debt capital markets is limited as banks have severely tightened lending requirements in the current economic climate.
www.privateequityinfo.com provides a comprehensive database of more than 4,600 senior lenders searchable by loan types & purposes, location of headquarters and number of offices.