GE Commercial Finance Corporate Lending has provided a $197 million asset-based credit facility to Steve & Barry’s. The loan will be used for ongoing working capital needs. GE Capital Markets arranged the transaction.

Steve & Barry's now has more than 250 stores across the U.S..

“With specialists in retail, GE quickly understood our growth plans and structured a loan tailored to meet our working capital needs,” said Barry Prevor, co-founder and co-CEO of Steve & Barry’s. “GE’s access to capital and ability to make significant commitments also helped accelerate the financing process.”

“We’re dedicated to meeting the unique capital requirements of retailers,” said Jim Hogan, managing director of GE Corporate Lending's Retail group. “Providing smarter financing solutions to help retailers compete in an ever-changing environment is our focus.”