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Veritas Financial Signs $50MM Credit Facility With Goldman Sachs Affiliate

November 28, 2012, 07:59 AM

Veritas Financial Partners, a financial services firm providing senior secured loans to middle-market businesses, entered into a $50 million credit facility with an affiliate of The Goldman Sachs Group. Veritas will utilize the proceeds from the credit facility to continue expanding its small business lending portfolio.

“We are pleased with the successful closing of this senior credit facility, which enhances our ability to serve our growing portfolio of borrowers,” said Mark Seigel, chief financial officer of Veritas Financial Partners. “These funds will help us meet the significant financing needs within our target market.”

Mark Sunshine, chief executive officer of Veritas Financial Partners added, “Goldman Sachs has been a pleasure to work with. We intend to use their funding to support small business borrowers across the United States. Small business is the cornerstone of our economy and we are thrilled to be able to support these business owners and their employees.”

Veritas Financial is a leading national financial services firm that provides senior secured credit facilities to small and medium sized businesses. Loans are fully secured by collateral, including accounts receivable, inventory, equipment, other fixed assets and owner occupied commercial real estate.

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