FRNV SAN DIEGO, Calif., Jun 21, 2012 (GlobeNewswire via COMTEX) -- via PRWeb - Frontera is an alternative financial services company that serves the large and fast-growing low-cost consumer finance market. The company uses advanced technology and business processes to offer competitive prices on a wide range of financial products and services, including check cashing, loans (payday and gold jewelry loans) and money transfers.
The first transaction is a new $5 million senior credit facility from Salus Capital Partners (http://www.saluscapital.com). The proceeds of this credit facility will be used to repay existing, higher interest rate indebtedness and to provide the company with additional lending capacity to grow the gold buying and gold pawn business lines.
The first transaction is a new $5 million senior credit facility from Salus Capital Partners (http://www.saluscapital.com). The proceeds of this credit facility will be used to repay existing, higher interest rate indebtedness and to provide the company with additional lending capacity to grow the gold buying and gold pawn business lines.
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