Middle Market Companies

Comprehensive and Flexible Senior Secured Financing

Financing for the Events that Drive Your Business

Across a wide variety of industries, PNC Business Credit provides lending solutions from £5 million to £250 million that maximise access capital for acquisitions, refinancings, recapitalisations, turnarounds, expansions and more.


Around half of our annual loan activity supports a wide variety of acquisitions, including:

  • Horizontal and vertical acquisitions
  • Leveraged buy out
  • Management buy out
  • Spin off
  • Corporate carve out
  • Private equity acquisitions


Leveraging your assets to drive additional capital can power your growth plans, including:

  • New product development
  • Geographic expansion
  • Entry into new markets
  • New customer acquisition


Your capital structure involves balancing debt and equity. It means juggling revolver, term, senior vs. sub debt, equity, mezzanine and other variables. Our extensive expertise can help with:

  • Dividend recap
  • Realignment of term & revolving debt
  • Support of liquidity events
  • Any other increase, repayment or consolidation of shares
  • Debt financing


Senior Secured Financing plays an important role when firms are recovering from challenging circumstances. These situations may include:

  • Covenant breakage or limitation
  • Cash flow obstacles
  • Customer concentration issues
  • Supply Chain Disruption

Top 4 Middle Market Asset-Based Bookrunner

in 2022 — for both number of deals and commitment volume [1]

We Get the Deal Done

At PNC Business Credit, “Done Deal” is not just 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.

Business Services

Retail & Asset Solutions


Revolver & Term Loan

Management Buy In/Buy Out



Dale Farm Your Dairy Cooperative


General Refinancing






Growth Capital

Lending Solutions

Comprehensive and flexible lending solutions that
reach beyond traditional Asset-Based Lending.

Senior Secured Financing

Leveraging your assets to power growth can offer greater, more flexible, access to capital. For 25+ years, we have been a consistent, reliable lender to mid-sized companies through good and bad economies, in a variety of scenarios. Whatever your business, whatever challenges and opportunities you are facing, we deliver optimal levels of finance to power your success.

Junior Secured & Second Lien Lending

Steel City Capital Funding is a specialty finance company serving middle-market companies and private equity sponsors across the UK, U.S. and Canada. When creative financing alternatives are required, we can be a ready source of capital for growing businesses.

Learn More About Junior Secured & Second Lien Lending

Technology Finance

The Technology Finance group at PNC Business Credit has developed capital solutions that can help meet growth and financial objectives of companies with recurring revenue. If you are a sponsor-backed enterprise software or technology-enabled company, we may be able to offer you senior debt based on the intrinsic value of established recurring revenue streams.

Learn More About Technology Finance

Unitranche Lending

For more than 10 years, our experts have delivered unitranche lending structures that simplify the process and improve economics between multiple lenders of term and revolving debt in the capital structure. 

International Financing

When capital solutions are needed to grow your business, or are required across borders, PNC’s international finance capabilities can power efficiencies and growth for companies in the U.S. and Canada.

US Flag & Capital Building

Business Credit U.S.

Awarded lending capabilities in the U.S. with more than $60+ billion in commitments under management.

$60+ Billion

In commitments under management across the enterprise[2]

800+ Deals

In the last 5 years across PNC Business Credit[2]

40+ Offices

Providing comprehensive coverage across the
UK, U.S. and Canada

Want to learn more? Check out our latest brochure

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