How Legacy Lends
In alliance with Bain Capital Credit

How Legacy lends

The supportive, flexible borrowing relationship you need⁠—⁠with the financial strength and reliability you want

Legacy Corporate Lending is a new platform launched by longtime leaders in asset-based lending. Our founding partners established Legacy after decades of experience in senior roles structuring asset-based loans to companies of all sizes, in nearly every industry, for lenders ranging from international giants to enterprising startups.

Why did we create Legacy? After many years of creating the best possible asset-based funding solutions, we saw that those solutions could be even better for borrowers⁠—⁠if some of the old ways of making asset-based loans were put aside in favor of better ways.

Our mission is to show that asset-based loans can give middle-market borrowers more—in fact, we want that to be our legacy in the business!

More-meaningful customization
Legacy is backed by a strong partner, Bain Capital Credit, and we maintain leverage facilities with a major commercial bank to supplement our equity support. This lets us offer fully customized loans nationwide with the structure and cost of funding optimized to the situation of the borrower.
More funding
Our long experience with ABL, and all types of collateral, means we may offer higher advance rates on a wider range of collateral types⁠—providing more liquidity for borrowers without the limits or restrictions of bank loans.
More certainty over time
Our platform’s capital strength does more than provide assurance of closing— it is a resource that may be called on during the life of a loan when borrowers may have additional needs or opportunities.
More speed
We are a streamlined operation, and our decision-makers are close to every transaction from day one. We are quick to create solutions to meet client needs while banks are still trying to understand the opportunity.
More accessibility
We believe in being reachable. Our originators, underwriters, and servicers are experienced and knowledgeable. Want to talk to a decision maker? Just call!
More support in times of stress
We believe that over time, an asset⁠-⁠based lender will be more successful when it sees borrowers not just as counterparties, but as partners, with a growth mindset on their behalf and an optimistically supportive view of their special borrowing needs.

The people at Legacy have been making loans for a long time, and when there's an issue with a loan, we don't panic. We know that businesses face hiccups. We roll up our sleeves right along with them and work to find a path toward success.

Borrower profile

  • Lower-middle and middle market
  • Most industries
  • Credit needs of $20M to $50M
  • Operations in North America

Loan types

  • Revolving lines of credit
  • Term loans
  • Over-advance facilities
  • Stretch loans

Loan purposes

  • Working capital
  • Growth capital
  • Seasonal or cyclical needs
  • Restructuring support
    including DIP and POR
  • Recapitalization
  • M&A support
  • Turnarounds
  • Exit finance
  • Special situations

Collateral types

  • Accounts receivable
  • Inventory
  • Machinery & equipment
  • Real estate
  • Intellectual property
  • Rolling stock
  • Non-obligor/personal assets
  • Other collateral types on a case-by-case basis