Atlantic Bank of New York introduced a mezzanine financing program last week for middle-market companies and small businesses.

Atlantic Bank said it will make available $500,000 to $1.5 million in mezzanine financing-which bridges the gap between senior debt and owner's equity-to its customers. Atlantic said most banks that provide mezzanine financing focus on transactions in excess of $10 million.

The product is designed for companies that do not have much traditional collateral but have enough cash flow to support additional debt. Typical uses include strategic business expansion, acquisitions, and management buyouts.

Atlantic Bank of New York, with $1.3 billion of assets, has 10 branches in the New York metropolitan area.

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