Quiq Capital Closes Inaugural Revolving Credit Facility with Dime Community Bank

Strategic Insights -

Quiq Capital LLC has announced the closing of its inaugural revolving credit facility with Dime Community Bank, providing the company with increased financial flexibility and liquidity to support business growth. This strategic partnership marks a significant step forward in strengthening Quiq's financial position and enabling the company to capitalize on growth opportunities. The facility demonstrates the institutional community's confidence in Quiq's lending platform and its ability to provide flexible capital solutions to lower middle market businesses.

Key Takeaways:

  • Quiq Capital LLC, a private credit lender, has closed its inaugural revolving credit facility with Dime Community Bank, worth an undisclosed amount.
  • The facility provides Quiq with increased financial flexibility and liquidity to support business growth, strengthening its financial position and enabling the company to pursue strategic goals.
  • The partnership demonstrates strong confidence from the institutional community in Quiq's lending platform and its ability to provide flexible capital solutions.
  • Quiq Capital creates high-value, risk-adjusted investments by empowering the growth of lower middle market businesses through private capital and structured lending.
  • Dime Community Bank, a New York State-chartered trust company with over $14 billion in assets, has a significant presence in the Greater Long Island region, with 20.3% market share of aggregate deposits among community banks in Kings, Queens, Nassau, and Suffolk counties.

Statistics:

  • Quiq Capital's revolving credit facility with Dime Community Bank: undisclosed amount.
  • Dime Community Bank's assets: over $14 billion.
  • Dime Community Bank's market share: 20.3% of aggregate deposits among community banks in Kings, Queens, Nassau, and Suffolk counties.
  • Quiq Capital's business model: focused on private credit lending to lower middle market businesses.

Sources:

  • "Quiq Capital LLC Announces Closing of Inaugural Revolving Credit Facility with Dime Community Bank" - PRNewswire, May 28, 2025.
  • "About Quiq Capital LLC" - Quiq Capital LLC website.
  • "About Dime Community Bancshares, Inc." - Dime Community Bancshares, Inc. website.
  • "Community Bank Deposits by County" report by the Federal Deposit Insurance Corporation (FDIC).