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Cadence Business Finance Commits $22,500,000 to Dunn Tire LLC

ATLANTA, February 23, 2021 – Cadence Business Finance recently provided a $22.5 million asset-based lending facility to a large regional tire distributor serving the Northeast United States. This additional liquidity provides Dunn Tire with the flexibility needed to execute on their strategic plan. 

“With support from Cadence, we can continue to pursue our performance initiatives,” said David Simons, President of Dunn Tire. “They designed a financing solution that fits our needs today, with flexibility for tomorrow. Cadence Bank’s technology and support are superior to banks that are many times their size.”

Dunn Tire is a wholesaler and dealer of passenger and light truck vehicle tires. The company’s wholesale division, which operates under the name Exxpress Tire Delivery, sells to a network of more than 2,000 regional businesses. Dunn Tire also has 26 retail locations in New York and Pennsylvania.

“Our team dove into the client’s story, customers and geographic footprint to really understand their business,” said Norb Schmidt, executive vice president and director of capital finance. “This alliance is an example of how we engage all our capabilities in order to deliver for our clients.”

To learn more about Cadence Business Finance, visit cadencebusinessfinance.com. For more on Dunn Tire, visit www.dunntire.com.


About Cadence Business Finance 

Cadence Business Finance (CBF) provides creative asset-based lending and specialty finance solutions to meet the strategic and financial objectives of performing middle-market businesses. CBF also lends to specialty finance companies that make asset-based or asset-backed loans to U.S. businesses. Its experienced team of relationship-oriented advisors are experts at providing flexible financing structures and thoughtful in understanding the challenges of its clients, both now and throughout their lifecycle. Cadence Business Finance is a division of Cadence Bank, N.A., Member FDIC. Equal Opportunity Lender.



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