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Goldberg Kohn recently represented CIT Northbridge Credit in its role as sole arranger for a $45 million senior secured credit facility for MVP Payroll Financing LLC. MVP is an Arizona-based services firm that provides staffing and administrative solutions for payroll, HR and worker's compensation, etc. The financing is meant to support MVP's continuing operations and growth.

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The MVP financing deal was featured in&nbsp;<a href="https://www.sfnet.com/home/industry-data-publications/the-secured-lender/tsl-express-daily-articles-news/tsl-express-article-detail/cit-northbridge-serves-as-sole-lead-arranger-on-45-million-credit-facility-for-mvp-payroll-financing-llc" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable" data-linkindex="0">TSL Express</a>&nbsp;and in the&nbsp;<a href="https://www.abfjournal.com/dailynews/cit-northbridge-credit-provides-45mm-credit-facility-to-mvp-payroll-financing/" target="_blank" rel="noopener noreferrer" data-auth="NotApplicable" data-linkindex="1">ABF Journal</a>.

The Goldberg Kohn team that advised CIT Northbridge consisted of Commercial Finance partners&nbsp;<a href="https://www.goldbergkohn.com/people/david-dranoff/" target="_blank" rel="noreferrer noopener">David Dranoff</a>&nbsp;and&nbsp;<a href="https://www.goldbergkohn.com/people/jenna-ward/" target="_blank" rel="noreferrer noopener">Jenna Ward</a>, and associate&nbsp;<a href="https://www.goldbergkohn.com/people/petar-radujkovich/" target="_blank" rel="noreferrer noopener">Petar Radujkovich</a>, along with partners&nbsp;<a href="https://www.goldbergkohn.com/people/jeremy-downs/" target="_blank" rel="noreferrer noopener">Jeremy Downs</a>&nbsp;and&nbsp;<a href="https://www.goldbergkohn.com/people/zachary-garrett/" target="_blank" rel="noreferrer noopener">Zach Garrett</a>&nbsp;of the <a href="https://www.goldbergkohn.com/services/bankruptcy-creditors-rights/">Bankruptcy and Creditor's Rights</a> practice.

CIT Northbridge Credit provides senior secured asset-based financing solutions to clients as an alternative to traditional banks. Its revolving- and term-loan commitments to middle-market companies across various industries and business cycles may range from $15 million to $150 million. CIT Northbridge is a joint venture between CIT Bank and Allstate and was launched in July 2017.

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