Houlihan Arranges $1.5 Million Line of Credit for Hispanic Group Corporation, Inc.

“Houlihan Smith & Company, Inc. acted as exclusive financial advisor and placement agent in obtaining a $1.5 million line of credit for its client, Hispanic Group Corporation, Inc. “Hispanic Group”. It was announced by Charles Botchway, Managing Director of Houlihan. The credit facility was provided by The International Bank of Miami based in Miami, Florida.

“This new debt facility will help Hispanic Group better manage the explosive growth they’re experiencing and the cash flow challenges that come with it,” Kevin Gear, the Houlihan Managing Director in charge of the deal was quoted as saying.

Founded in 2002, Hispanic Group is a full-service advertising agency specializing in the U.S. Hispanic market. The Company performs a wide range of cultural research targeted towards the Hispanic population in the U.S. in order to better understand the consumer and therefore make accurate marketing decisions. The Company’s management team brings marketing and advertising expertise from both the domestic U.S. Hispanic market as well as the Latin American market. Hispanic Group is headquartered in Miami, Florida, with additional offices in New York, Los Angeles, and Atlanta. In all, the Company operates in 32 U.S. cities and currently ranks among the Top 10 independent Hispanic agencies in the U.S.

The International Bank of Miami, N.A., is one of the largest independent banks in South Florida. The Bank has been providing quality banking services and products in Florida, Central America and the Caribbean for over 40 years. The Bank is a recognized leader in South Florida commercial and real estate lending as well as correspondent banking. In certain markets, such as Small Business Administration lending in South Florida and correspondent banking in Central America/Caribbean region, the Bank is one of the principal market participants.”

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